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Economic Crisis Escalates as Republicans Announce Plans to Oppose Obama on $825 Billion Stimulus Package
President Barack Obama’s $825 billion stimulus plan heads to the floor of the House of Representatives this week, with House Minority Leader John A. Boehner, R-Ohio, saying many in his party will vote against the package unless significant changes are made.
“Right now, given the concerns that we have over the size of this package and all of the spending in this package, we don’t think it’s going to work,” Rep. Boehner said yesterday (Sunday) on NBC-TV’s “Meet the Press.” “And so if it’s the plan that I see today, put me down in the ‘No’ column.”
The plan – detailed in…
26Jan2009 | Money Morning | 0 comments | ContinuedGovernment Grapples With Details of $700 Billion Bailout
President George Bush yesterday (Monday) urged congressional legislators to put aside differences and work together for a speedy passage of a bill that would pledge $700 billion in taxpayer money to fight the current financial crisis – the largest bailout in U.S. history.
“[T]here will be differences over some details, and we will have to work through them. That is an understandable part of the policy making process,” President Bush said in a statement released yesterday. “[T]he whole world is watching to see if we can act quickly to shore up our markets and prevent damage to our capital markets, businesses,…
23Sep2008 | Managing Money | Comments Off | ContinuedPOLITICAL STUPIDITY
A few weeks ago we witnessed a political act of such unimaginable stupidity, it is hard to not choke at the mention of it.
A cursory review of the details is worth a minute of your time. This compliments of The Oil & Gas Journal…
“WASHINGTON, DC, May 20 – The US House passed, by a vote of 324 to 84, a bill that would create a new oil antitrust task force within the Department of Justice. Supporters of HR 6074, which also would give DOJ authority to sue foreign oil cartels for violating US antitrust laws, included 103 Republicans, according to…
18Jun2008 | Daily Reckoning | Comments Off | Continued
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