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Breaking news – late on Friday, around 9pm EST I think, Obama’s stimulus proposal tentatively passed, legalizing a stimulus of about $780 Billion, cut back a bit from the $900 Billion originally proposed.
I was starting to get worried.
Now let’s see how quickly he can sign it and get it working.
Monday, February 9 update: OK, it [...]
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According to news reported by Amanda Lang on BNN’s SqueezePlay yesterday, Barack Obama says there are more bank failures to come. (He’s speaking of US bank failures, of course…)
Kevin O’Leary also said that the US bank deleveraging is going to continue for the next 2-5 years. This means it’s going to take quite some time [...]
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The so-called “Buy American” clauses in U.S. President Barack Obama’s 2009 stimulus bill package may initially sound like a good idea given all the recent layoffs and newly unemployed workers, but it recalls that ugly bumper sticker that I love to hate and tend to snicker at those driving the cars on which it is [...]
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Obama and others freaked out yesterday at what came in as worsening US economic data and the lowest stocks on record for any January in the stock market history. The “fresh U.S. economic blow” is a “disaster”, Obama says. The Dow Jones Industrial Average dropped another 148 points (a 500-point drop is what happened in [...]
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U.S. President Barack Obama, according to this Washington report, said “he’s confident that a multibillion-dollar plan to kick-start the ailing economy will survive a crucial House vote.”
It’s unclear how much Republican support he’ll get for the 2009 economic stimulus package, but Obama said “I’m confident we’re going to get it passed.”
According to the report, “the [...]
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Those people betting on seeing the Obama Effect in infrastructure should tell me what they think of Boeing’s latest job cut announcement (read it here). Or is this a sign that the infrastructure pre-bubble has popped? Either way, it’s pretty sad and scary. Canada also just announced that the recession is going to be deeper [...]
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Well, I think Peter Schiff’s reputation is on a tear. He’s got two new books coming out. His latest book got a thumbs-up recommendation from Jim Rogers. He’s getting 2-3 speaking requests per day from around the world.
I used to read Schiff and the Doom and Gloom crowd quite a bit before the last year [...]
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