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2009 Inauguration: Obama’s Stimulus Package To Take Center Stage
The following in an article from Money Morning which focuses on Barack Obama’s plan to lift the U.S. out of recession in the midst of continual debate as to the appropriate approach and proper allocation of federal monies in solving our economic problems. Don’t forget to post a response at the bottom of this article!
President-elect Barack Obama said Saturday that an analysis of his stimulus proposal found that the capital infusion could save or create as many as 4 million U.S. jobs by 2010, nearly 90% of them in the private sector. Obama previously estimated that his estimated $800 billion…
12Jan2009 | Money Morning | 0 comments | ContinuedEurozone Enters First Recession, U.S. to Follow
The Eurozone – the 15 countries that use the euro – has officially slipped into its first recession, as the region’s gross domestic product (GDP) contracted by 0.2% in both the second and third quarters of 2008. Analysts anticipate the recession will carry into 2009 before easing and induce another round of rate cuts from the European Central Bank (ECB).
Germany, Italy and Ireland have already officially entered into recessions, posting back-to-back quarters of negative growth. France narrowly avoided a recession with third-quarter growth of 0.1%. The economy of 27-nation European Union (EU) also shrank by 0.2% in the three…
17Nov2008 | Money Morning | Comments Off | Continued
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