Burning Down The [US] House
Talking Heads: No visible means of support and you have not seen nuthin yet ~ ~ ~ ~ ~ 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...The Senate Strikes Back
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...
Offshore Drilling Ban – Almost Expired
The ban on offshore drilling expires tonight at midnight Eastern Time. At this writing, that’s just five hours away. Congress was incredibly preoccupied during the weeks following its lengthy vacation, and could not (supposedly) get the work done to extend...The Economy Today
My cohort DJ is going to disagree with me. Just you wait and see. ~ ~ ~ ~ ~ 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...
Warren Buffett: Smarter Than Treasury
In an interview on CNBC television today, Warren Buffett disclosed that he wants to pursue buying some of AIG’s units. This could reduce the impact of the AIG bailout on taxpayers since Berkshire Hathaway can help shore up some of the weaknesses in AIG as those...Stay in Touch
