With the presidency of Barack Obama in full swing and the economic stimulus package signed into law, much is being said and discussed about the hopes of failure or success. The most notable statement came from Rush Limbaugh, in a now famous opening monologue of his program, January 16, 2009. If I wanted Obama...
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At the risk of beating a dead horse to a bloody pulp, here we go again. The House of Representatives passed the economic stimulus package that isn’t and now the United States Senate has reached a compromise on a stimulus package of it’s own. After first ballooning to over $900 billion, the compromise package...
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In rules to be announced today, President Obama will outline new restrictions on executive compensation for corporations receiving federal bailout money. The Associated Press is calling it a maximum wage and it comes at a time when the general public seems to be fairly outraged by the salaries and bonuses some of these executives...
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As expected, all 177 House Republicans voted no on the economic stimulus package that is being rushed through Congress at the behest of President Obama. In my article from yesterday, I wondered if it would gain a single Republican vote and it turns out that I was right. Not only that, but 11 conservative...
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In a much anticipated speech on the economy, Barack Obama has began providing a few more details to the economic stimulus plan he hopes to be able to sign into law, within a few days of his inauguration. Before we get into some of that, I want to focus on a statement he made...
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The Bush administration, including Treasury Secretary Henry Paulson, is still in talks with the three automakers from Detroit and the United Auto Workers (UAW), trying to decide just how the Big Three will receive federal help to stay alive. President Bush seems to be convinced the economy can not withstand the effect of the...
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After the breakdown of Congressional talks Thursday night, in an attempt to work out a compromise for the Detroit automakers, it looked as if the three companies might actually have to declare bankruptcy. All of this because the UAW is unwilling to make labor and benefit concessions some Senators wanted, before they agreed to...
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FOX News is reporting that the House of Representatives has just passed a $14 billion bailout plan to help the Big Three automakers stay alive, despite objections from Congressional Republicans, especially those in the Senate. The vote was 237 to 170 but it may be a moot point because the Senate Republicans may resort...
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During his campaign for President, Barack Obama made it very clear that he intended to go through the federal budget and remove wasteful spending items, doing it line by line. It was a very big part of his campaign rhetoric and now that he has won the election and is preparing to take the...
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Even as the Democrats do their best to blame the Bush administration for the failures of the housing market and the two government sponsored mortgage giants, Fannie Mae and Freddie Mac, more information is coming out about Freddie Mac’s efforts to stymie tighter government regulations. From The Associated Press: From a hefty lobbying budget...
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