Archive for January, 2009
Will the Senate shoot down the economic stimulus package?
I hope so.
It is unclear how many Democratic Senators intend to vote in favor of the economic stimulus package, but at this point, frankly I hope it’s zero. Not because I want to put a cog in the rolling wheel that is Obama campaign to save the economy. Rather much the opposite. At first I [...]
Geithner: Is he to trust?
Bloomberg:
“President Barack Obama fed a swelling populist revolt against Wall Street bonuses, calling it ’shameful’ that banks doled out $18.4 billion as taxpayers bail out companies and the U.S. remains mired in a recession. The bonuses are ‘the height of irresponsibility,’ Obama said today before meeting Treasury Secretary Timothy Geithner and Vice President Joe Biden [...]
Big bank execs lambasted, but Senator walks away unscathed
“There will be time for them to make profits, and there will be time for them to get bonuses. Now’s not that time. And that’s a message that I intend to send directly to them, I expect Secretary Geithner to send to them.”
Above is from Obama’s announcement today in reference to the exorbitant salaries handed [...]
Two more sets of layoffs announced
Eastman Kodak says it will eliminate 3,500 to 4,500 jobs, somewhere around 16 percent of its payroll. Kodak recently posted a $137 million loss for the fourth quarter. Kodak says sales and profits from both digital and film-based photography products plummeted. The Rochester, N.Y.-based company said today that compared to a year-ago profit of $215 [...]
Provisions within the economic stimulus plan – concur or concern?
Obama’s proposed stimulus plan is not a week old and has already been subject to much scrutiny. The majority of the issues arisen come from the Republican side in reference to the amount of dollars put toward government spending. This sparks the age old “bi-partisan” debate of which method is more efficient government spending or [...]
Stimulus package gets no Republican votes
As expected, Obama’s $825 billion stimulus package passed yesterday. It seems that Republican John Boehner’s pep talk, yesterday, was taken to heart as the vote was 244 to 188, with not a single republican voting for the package. So much for the bi-partisan solution!
So as one Republican after another lined up to take a shot [...]
Does Obama’s Stimulus Package give money to illegal aliens?
As Republicans continue to dig through Obama’s 627-page proposed stimulus package, their growing concerns seem to further escalate. Their most recent apprehension comes at the hands of a provision that could allow illegal immigrants to receive tax rebates.
Basically, the way it was stated in the document was that people could use taxpayer identification numbers, instead [...]
