By DJ Durant. Posted Tuesday, Oct 7, 2008 at 7:32 pm Filed Under: 2008 Presidential Election, Barack Obama, Bill Clinton, Federal Reserve, George W. Bush, John McCain, Recession, Sarah Palin, US Treasury, Uncategorized
I’m tired of everyone dumping on George Bush. I’m the first to admit that he has some serious leadership deficiencies, but he is the President and won the job fair and square twice, despite what the Libs think. As President, he deserves our respect, just like Nixon and Clinton did. For eight years, I had [...]
By Art Smith. Posted Friday, Oct 3, 2008 at 3:35 pm Filed Under: 2008 Congressional Election, 2008 Presidential Election, Bipartisanship, Economy, Energy, Featured, Iowa, Markets, Recession, US Congress, US Treasury
Talking Heads:
No visible means of support and you have not seen nuthin yet
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The House of Representatives today passed the Senate version of the $700 Billion Bail-out. For now, it’s over. Bush signed the bill shortly after the vote, and we have not seen nuthin yet.
In case you haven’t noticed yet, the [...]
By Art Smith. Posted Wednesday, Oct 1, 2008 at 9:38 pm Filed Under: 2008 Congressional Election, 2008 Presidential Election, Bipartisanship, Economy, Energy, Featured, Iowa, Markets, Recession, US Congress, US Treasury
Our US Senators have approved a version of the $700 Billion Bail-out Bill that provides some new features:
New tax breaks for businesses
Raising the FDIC deposit insurance limit from $100,000 to $250,000
Normally, I am all about tax breaks for businesses. I think that is one of the best ways to stimulate growth.
And without a doubt, raising [...]
By Art Smith. Posted Monday, Sep 29, 2008 at 10:32 pm Filed Under: 2008 Congressional Election, 2008 Presidential Election, Bipartisanship, Economy, Energy, Iowa, Leonard Boswell, Markets, Recession, US Congress, US Treasury
My cohort DJ is going to disagree with me. Just you wait and see.
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Today did not scare me. It did surprise me, because I didn’t think that Congress had the ability to face down the President, Treasury Secretary and their own part leaders all at the same time. (For the votes [...]
By Art Smith. Posted Tuesday, Mar 25, 2008 at 11:15 pm Filed Under: 2008 Presidential Election, Banks, Barack Obama, Business, Democratic Party, Economy, Federal Reserve, Hillary Clinton, Markets, Mortgages, Recession
Well, Hillary appears to be attempting to make EVERYONE happy.
More government money to rescue folks who simply bought more house than they could afford. According to a Wall Street Journal story Tuesday, Hillary proposes:
Freezing Forclosures for 90 days
Freezing Interest-rate Resets on Sub-primes for 5 years
Establish a $30 billion fund so states and cities can [...]
By Art Smith. Posted Tuesday, Jan 22, 2008 at 8:05 am Filed Under: 2008 Presidential Election, Business, Current Events, Economy, Federal Reserve, International Markets, Markets, Recession, US Politics
Wow, the Federal Reserve has reacted dramatically to the global markets spinning out of control. According to KCCI TV’s web site this morning, the Fed lowered the federal funds rate to 3.5%:
In a statement on its Web site, the Federal Reserve took the action in view of a weakening of the economic outlook and increasing [...]
By Art Smith. Posted Monday, Jan 21, 2008 at 8:00 am Filed Under: Business, George W. Bush, Markets, Recession, Ron Paul, Stocks
According to the WSJ, on fears that the US will experience a recession (perhaps due to the possibility of Ron Paul getting elected president), the major Asian indexes fell anywhere from 4-8%.
Evidently Bush’s stimulus package did not impress. Let’s hope this doesn’t create a circular reaction event (US Markets drop, Asian Markets drop, lather, [...]
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