So it appears that Government may actually be able to function under an Obama administration.
First reports indicate that the Senate has streamlined and improved the House version of the 2009 Stimulus package.
The Senate version of the bill looks to spend about $64B more than the house version. The Senate version has more money for tax cuts and infrastructure spending than the House bill. The senate plans to spend 78% of the funds by 2010 compared to the House bill which was only planning to utilize 64% of the funds in the same timeframe.
Like the $6M Man the Senate version appears to be bigger, stronger, faster. We have the technology!
One of the biggest areas of attention about to be debated is the housing crisis. Obama wanted to deal with the housing crisis with a second follow up package after he got this one passed. It appears the Republicans feel that it should be addressed with this stimulus package since housing is at the heart of our economic problems. We feel finally some people on the hill get it! Surely Democrats will be opent to adding provisions to help out the troubled housing market with the stimulus package. This fact makes the likelihood of a Stimulus bill being passed by the Senate sometime next week highly likely. Perhaps Obama will have a nice Valentines day suprise he can sign into law he can give to his supporters as a V-day gift!
Look for some kind of interest rate or possibly waving of the tax credit repayment to be included this week in the stumulus package from the Senate. Even better would be if they allowed the $7K new home buyer tax credit to be immediately applied to downpayment assistance or closing cost assistance. Lets keep our fingers crossed that the talking heads are as eager as the rest of American to grease the wheels of the housing market and turn this thing around finally.
Showing posts with label economic recovery. Show all posts
Showing posts with label economic recovery. Show all posts
Tuesday, February 3, 2009
Friday, December 5, 2008
Weekly Poll Results for December 5th
The question of the week was Your estimate for when the economy will begin recovery?
The results were as follows:
100% of the responders said 2009
This is encouraging that the majority of the people at least in our little community are optimistic about our economic chances for next year. Does this have something to do with the incoming Presidential administration? Perhaps it is more a positive responce to the efforst of the Feds to stave off a deeper recession?
Time will tell. We will continue our efforst to inform and encourage your participation so that we can all benefit from a greater understanding of the financial world we live in!
We thank those that took time to participate in the survey. Unfortunately no one left any comments with their contact information so we were not able to do any interviews. Hopefully this week we will be able to provide an interview along with the poll results.
Please remember to not only participate in the poll but to drop a comment with your contact info so we can interview you!
The results were as follows:
100% of the responders said 2009
This is encouraging that the majority of the people at least in our little community are optimistic about our economic chances for next year. Does this have something to do with the incoming Presidential administration? Perhaps it is more a positive responce to the efforst of the Feds to stave off a deeper recession?
Time will tell. We will continue our efforst to inform and encourage your participation so that we can all benefit from a greater understanding of the financial world we live in!
We thank those that took time to participate in the survey. Unfortunately no one left any comments with their contact information so we were not able to do any interviews. Hopefully this week we will be able to provide an interview along with the poll results.
Please remember to not only participate in the poll but to drop a comment with your contact info so we can interview you!
Monday, October 13, 2008
Columbus day ends with biggest one day gain since 1933!
Well the investors have spoken. They apparently feel that the worst of the credit crisis is finally behind us. Lets all hope they are right.
Investors rallied and the DOW was up more than 900 points! This is the largest one day point rise in a single day in history folks. Just another day in the volatile market we are becoming accustomed to. One day we might see one of our biggest banking firms go down and less than two weeks later the biggest one day increase in points in history. Everyone having fun yet?
Experts think that the world focus and steps announced to help ease the afflicted global credit crisis was one of the major contributors to todays meteoric rally. Of course today was a holiday and there was no technical data to help shower us with the usualy wonder news.
Lenders were closed today so no interest rates were released. We will have to wait and see how this new confidence will play out with the rates tomorrow. Experts are hot & cold depending on who you listen to. We tend to be optimistic and hope that last week marked the literal bottom of this whole credit crisis and we can at least hold that mark or improve on it from here on out.
Check back tomorrow and we'll see how rates look and get a whif of some techinical data to see how strong this rally will be!
Investors rallied and the DOW was up more than 900 points! This is the largest one day point rise in a single day in history folks. Just another day in the volatile market we are becoming accustomed to. One day we might see one of our biggest banking firms go down and less than two weeks later the biggest one day increase in points in history. Everyone having fun yet?
Experts think that the world focus and steps announced to help ease the afflicted global credit crisis was one of the major contributors to todays meteoric rally. Of course today was a holiday and there was no technical data to help shower us with the usualy wonder news.
Lenders were closed today so no interest rates were released. We will have to wait and see how this new confidence will play out with the rates tomorrow. Experts are hot & cold depending on who you listen to. We tend to be optimistic and hope that last week marked the literal bottom of this whole credit crisis and we can at least hold that mark or improve on it from here on out.
Check back tomorrow and we'll see how rates look and get a whif of some techinical data to see how strong this rally will be!
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