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...Economic Healing
Today’s Wall Street Journal contains an op/ed by Brian Wesbury, one of the more level-headed and highly respected economists in the country. His recommendation is that Congress suspend mark-to-market accounting rules, because investors refuse to put money into...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...
Congress May Have A Deal For Bailout
From the New York Times late last night: WASHINGTON — Congressional leaders and the Bush administration reached a tentative agreement early Sunday on what may become the largest financial bailout in American history, authorizing the Treasury to purchase $700 billion...Stay in Touch
