The Cash For Clunkers program has only been active since last Friday, but word is now leaking out that the CARS program will be halted at midnight on Thursday July 30th, less than a week after it launched. The problem? There are fears that the program may have already run out of money. The program […]
Congressional Budget Office Says 2009 Stimulus Package Could Be Harmful To Economy
credit: kevindooley The Congressional Budget Office released a statement this week stating that they believed the current versions of the 2009 stimulus package would actually be harmful to our nation’s economy in the long run. President Obama’s economic recovery package will actually hurt the economy more in the long run than if he were to […]
Stimulus Package Was Needed But It Won’t End the Crunch
credit: Hey Paul Today Ben Bernanke talked about the stimulus package currently being discussed by President-elect Obama and his incoming administration. He believes it will help, but that it won’t be enough to bring a lasting recovery. From the International Herald Tribune: The chairman of the Federal Reserve, Ben Bernanke, said Tuesday that the fiscal […]
Obama 2009 Stimulus Plan Could Exceed $775 Billion Dollars
As the new year gets closer the President-elect and his team are making plans for the new year, and his first term in office. One of the first things on the table, a stimulus package that could reach or exceed $775 billion dollars. Regarding the new administration’s stimulus plan, Mr. Axelrod also said that the […]
Greed. It Never Ends Well.
If you’ve been watching the news lately you’ve probably seen the rash of bad news that we’ve had surrounding large companies and CEOs keeping cooked books, running Ponzi schemes and just defrauding people in all sorts of ways. It hasn’t been one isolated incident, but multiple incidents. The one thing they all have in common? […]
November Site Numbers And Recap
November 2008 was a banner month! November 2008 was by far the best month that this site has ever had. We had our most visits and page views ever, as well as going over 300,000 page views for the life of the site. Who could have imagined that we would see this much traffic on […]
Obama Considers $500 Billion Stimulus Package For Early 2009
credit: Tony the Misfit Sounds like a stimulus plan is in the works, to be signed by President elect Obama once he is sworn in. From the Wall Street Journal: Aides to President-elect Barack Obama and President George W. Bush are rushing to craft measures to shore up financial markets and prevent a policy vacuum […]
Full Scale Stimulus Package Pushed Back Until After Inauguration
An article in the Washington Post announced today that democrats have put plans for a full scale stimulus package on hold, at least until after Barack Obama is inaugurated in January. Congressional Democrats yesterday abandoned plans to offer a wide-ranging economic stimulus plan next week, putting off any chance that the federal government would provide […]
First A Stimulus Check. Is A $1000 Emergency Energy Rebate Next?
More government aid? After reading an article about the possibility of the Obama administration pushing for a $1000 Emergency Energy Rebate, I had to check it out for myself. I found that while talk of an “energy rebate” isn’t recent news, the Obama campaign did talk on the campaign trail about giving a check to […]
Now That Obama Has Won, What’s Next?
Last night we had a historic election, and our country elected its first black president. Whether you agree with his policies or not, you must admit that he won convincingly and that he now faces one of the hardest things any politician must do. Living up to his campaign promises. As America’s 44th president, Barack […]
The Looming Credit Crisis: Another Reason To Live Without Credit And Debt
What do you think about the looming credit crisis? Should the companies be tightening standards and keeping spending limits lower on the cards they give out?
Bush, Bernanke Support A New Stimulus Package
I thought that talks of a second stimulus check for Americans had been tabled due to recent economic woes, but today I read that once again another stimulus check is being considered. Here’s what they’re saying: Momentum is building for a fresh dose of economic stimulants to boost the country out of the doldrums — […]
Dow Jumps 938 As Governments Pledge Bank Aid
credit: Zesmerelda The DOW had a better day posting a record gain of 938 points: Wall Street has stormed back from last week’s devastating losses, sending the Dow Jones industrials soaring a nearly inconceivable 938 points after major governments’ plans to support the global banking system reassured distraught investors. The Dow by far outstripped its […]
Is Your 401k Losing Money? DON’T PANIC!!!
With the economy in the middle of a giant plunge, it is getting harder and harder not to feel a little panicked when you watch your 401k balance drop by $10-20,000 or more. In the last 6 months my wife and I have watched our 401k do just that. A poll on CNN Money says […]
