BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[My predictions for Obama's first year]]>http://www.bloggingstocks.com/2009/01/19/my-predictions-for-obamas-first-year/http://www.bloggingstocks.com/2009/01/19/my-predictions-for-obamas-first-year/http://www.bloggingstocks.com/2009/01/19/my-predictions-for-obamas-first-year/#commentsFiled under: , ,

Like all good marriages, the union of Barack Obama and the American people will start tomorrow with the best of intentions. The problem is that it won't last, particularly when it comes to the economy.

The president-elect already is at odds with House Speaker Nancy Pelosi over whether to repeal the Bush tax cuts before they expire in 2010, according to the Wall Street Journal. The economic stimulus package is expected to top $850 billion as part of Obama's pledge to create jobs and reducing taxes. Meanwhile, the housing market continues to stink and the stock market continues to be dreadful.

Improving the economy is going to be a long, painful process. Think turning around a super-tanker and you get the idea. Good news is going to be hard to come by over the next 12 months. Bad news will be plentiful. Here are some predictions of the troubles that lie ahead for the economy no matter despite Obama's best intentions.
  • Corporate bankruptcies -- Experts are predicting one of the biggest waves of corporate bankruptcies and restructurings in years. Already, Circuit City Stores Inc. (OTC: CCTYQ) has bitten the dust and the year is just getting started. Loads of retailers who are already operating on the razor's edge of profitability may be pushed over the edge. I doubt that enough credit will be unlocked by government fiat to address this problem.

Continue reading My predictions for Obama's first year

My predictions for Obama's first year originally appeared on BloggingStocks on Mon, 19 Jan 2009 16:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BACbanksCCTYQCircuit CItyCircuitCityeconomic stimulusEconomicStimuluseconomyfeaturedLarry SummersLarrySummersLehman brothersLehmanBrothersNancy PElosiNancyPelositradeMon, 19 Jan 2009 16:30:00 EST<![CDATA[Re-think new stimulus package? Push infrastructure!]]>http://www.bloggingstocks.com/2008/11/06/re-think-new-stimulous-package-push-infrastructure/http://www.bloggingstocks.com/2008/11/06/re-think-new-stimulous-package-push-infrastructure/http://www.bloggingstocks.com/2008/11/06/re-think-new-stimulous-package-push-infrastructure/#commentsFiled under: , , , , , ,

CNBC is reporting a Second Stimulus May Arrive by Christmas - I hope it looks different than the last one.

It is being reported that
House Speaker Nancy Pelosi on Wednesday urged passage of at least $61 billion in new economic stimulus funding this month, but said the future of the legislation requires the cooperation of Republicans in the Senate and President Bush.
I am having deja vu all over again! At least $61 billion but discussions are ranging up to several hundred billion dollars. I hate this idea and stated so numerous times last March, including one of my most important stories of the year (I think) Fund roads & bridges NOT mad money stimulus.

Continue reading Re-think new stimulus package? Push infrastructure!

Re-think new stimulus package? Push infrastructure! originally appeared on BloggingStocks on Thu, 06 Nov 2008 14:19:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredFederal SpendingFederalSpendingNancy PelosiNancyPelosiroads and bridgesStimulate infrastructureStimulateInfrastructurestimulus packageStimulusPackageThu, 06 Nov 2008 14:19:00 EST<![CDATA[Nancy Pelosi's book lands with a thud]]>http://www.bloggingstocks.com/2008/08/14/nancy-pelosis-book-lands-with-a-thud/http://www.bloggingstocks.com/2008/08/14/nancy-pelosis-book-lands-with-a-thud/http://www.bloggingstocks.com/2008/08/14/nancy-pelosis-book-lands-with-a-thud/#commentsFiled under: ,

Congresswoman Nancy Pelosi is not the most intriguing Speaker of the House to come along, and she hasn't carved the high-profile that predecessors like Newt Gingrich did.

But I don't think anyone expected her book to flop this badly. Drudge Report reports that Know Your Power: A Message to America's Daughters sold just 2,737 copies in its first week. That's bad enough to make it the 41st bestselling nonfiction book of the week and the reviews on Amazon have been equally appalling. 131 reviewers have given it an average rating of 1.5 stars, all the more impressive give that it's not possibly to rate a book 0 stars.

Publisher's Weekly's generally positive review sums up why the book hasn't sold well: "Pelosi's book is a simply crafted acknowledgment of the support of her family, mentors and helpful colleagues without rhetorical flourishes, insider scandal or intimate revelations-a gentle account from a tough politician."

Boring! People reading books by politicians want to hear about scandal.

Perhaps the sequel should be called Know Your Limits: Just Because You're a Successful Politician Doesn't Mean People Want to Know Your Life Story.

Nancy Pelosi's book lands with a thud originally appeared on BloggingStocks on Thu, 14 Aug 2008 14:12:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BooksinthenewsKnow Your PowerKnowYourPowerNancy PelosiNancyPelosiThu, 14 Aug 2008 14:12:00 EST<![CDATA[Do we need a second economic stimulus bill?]]>http://www.bloggingstocks.com/2008/08/01/do-we-need-a-second-economic-stimulus-bill/http://www.bloggingstocks.com/2008/08/01/do-we-need-a-second-economic-stimulus-bill/http://www.bloggingstocks.com/2008/08/01/do-we-need-a-second-economic-stimulus-bill/#commentsFiled under: , , ,

Congressional Democrats, including Sen. Robert Byrd, D-W.Va, are pushing for the enactment of a second economic stimulus bill worth $24 billion, including a $6 billion lifeline for the beleaguered auto industry. Odds of it passing in a presidential election year are slim to none.

Democrats, though, are giving the people what they want. Regardless of whether it's a good idea or not, it's fantastic politics. Democrats can prove to voters, who are fed up with the lousy economy, that they "feel their pain," leaving aside the debate of whether it's needed.

That explains why House Speaker Nancy Pelosi, D-Calif., says that the second stimulus bill will need to have bipartisan support -- as the first one got -- because it is vital for the economy. Like the first economic stimulus plan, Byrd's bill will be temporary, targeted and provide disaster relief, according to CQ Politics.com.

"The Speaker earlier had vowed to enact a second measure, totaling at least $50 billion, before Congress leaves this year," the website says. "But the president and congressional Republicans have been less enthusiastic about the idea, repeatedly arguing that lawmakers should wait to assess the impact of the tax rebates and other incentives enacted in February."

Continue reading Do we need a second economic stimulus bill?

Do we need a second economic stimulus bill? originally appeared on BloggingStocks on Fri, 01 Aug 2008 12:10:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>barack obamaBarackObamaeconomic growtheconomic stimulusEconomicGrowthEconomicStimuluseconomyEd LAZearEdLazearnancy pelosiNancyPelosiFri, 01 Aug 2008 12:10:00 EST