Posts Tagged ‘American Recovery and Reinvestment Act’

Politicians’ AIG Outrage Rings Hollow

March 17, 2009

I’m not sure what is more sickening, the audacity of AIG in the midst of near bankruptcy to pay out $165 million in bonuses, or the politicians in Washington falling all over themselves rushing to the podium to proclaim their outrage over such bonuses.

Where was their outrage when they were freely using taxpayer billions to bailout the mis-managed corporate money-grabbers?  Where was their outrage when they gladly accepted their automatic raises as a reward for leading this country into the worst economic crisis since the Great Depression? (more…)

A Financial History Lesson

February 24, 2009

Oh, the Yin and the Yang; the Dark and the Light of the stock market.  If your stomach hasn’t churned or your heart pounded through your chest, then my guess is that you have no market exposure.  If so, good for you.  If you are still invested get ready for more heart-throbbing days ahead. (more…)

DOW 6000 Revisited

February 20, 2009

Earlier in the week I wrote about the DOW hitting 6,000 before the end of the year.  For most that is not only unthinkable but it is downright horrifying.  But is it realistic and within the realm of possibility?  Let’s look at the numbers. (more…)

DOW 6000?

February 17, 2009

The DOW stock market index could be as low as 6,000 by the end of this year.  Sound preposterous?  Not from my perspective.  In fact, that might be conservative.  Right now we are in the worst stock market decline since – well, you know by now – the Great Depression. (more…)

Stimulus or Pork?

January 29, 2009

If you have the stomach for it I would encourage you to take the time to review the recently U.S. House-passed HR 1 or President Obama’s “American Recovery and Reinvestment Act of 2009.”  As WCCO radio show host and WCCO-TV anchor, Don Shelby in Minneapolis commented on his radio show this afternoon, “it’s full of garbage.” (more…)