Economics
Last night Neil Cavuto interviewed New York Congressman Anthony Weiner. Weiner was pushing the $800 billion dollar stimulus package as the answer to our needs. He made special mention of the crummy middle class tax cut, which is not a tax cut at all but rather a transfer payment. That aside, even as a transfer…
I took a look at Geithner’s financial stability plan. There is an aspect that I think is interesting. A creation of a fund that will hold these bad bank assets. The fund would seek private investment as well as gov’t money. That is an interesting idea. The rest of the speech was basically telling us that they have not finished the plan.
The banker is Steve Buster, CEO of California community bank “Mechanics”. Alexis Glick conducts the interview and it’s a great one. Part one, Buster tells Glick they wanted the money, could have used the money but it came with too many strings. httpv://www.youtube.com/watch?v=-3cub9XHaog Here in Part Two Glick asks … “what strings?”. Buster says they…
For those of you not paying attention, during the past 72 hours the financial crisis has been clearly explained more than a few times, and now the main stream media is catching up. Jim Angle – Fox News contributor – has a great video report that sums up the crisis again. The truth will be told.…
GM has unveiled at least two portions of their recovery plan, submitted to and funded by the First, the bad news… “General Motors Corp. will cut 10,000 jobs, or 14% of its salaried work force, this year as the auto maker struggles to cope with a steep drop in world-wide vehicle sales. The job cuts…
The debate is raging over whether any spending on anything of any kind is stimulating to the economy. Pell grants, schools, bridges, ATVs, Honey Bees, grass on the mall, etc. doesn’t grow the economy. The work is temporary and requires taking money from citizens. But alas White House Advisor and ABC host of This Week,…
John McCain on with Bob Schieffer this morning on Face The Nation. The question Uncle Bob put to McCain was the standard … “why won’t you support the stimulus? Isn’t even a bad bill better than nothing”. McCain’s response … are you nuts … this is a trillion dollars … or at least that’s what…