Tag Archives: Stimulus

Buy Some Stock, Fools. Start the Revolution.

Here’s the strategy: buy low, sell high.  What the fuck are you doing?  You’re selling.  You should have sold already.  That’s what trailing stops are for.  It’s time to buy.  Remember in 1999 when you wished you had bought eBay, Cisco, Qualcomm, and Home Depot stock back in 1997.  Well, now’s your chance — it’s 1997 [...]
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President Obama wants to cut the Deficit in half

1. Gov. Schwarzenegger will take that GOP Money – If some GOP Governors really don’t want the stimulus money… The Governator will be more than happy to take it off their hands for them.  (From Politico) 2. Pres. Obama wants to halve the Deficit – Budget to be proposed by Thursday, might cut the deficit in [...]
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Lake Monster in Borneo River! GAH!

1. Pelosi says Bush officials might be prosecuted – Highly doubtful.  That opens the door for GOP retaliation once they regain power.  It’s got to be something seriously concrete for them to start digging that deep. (From Talking Points Memo) 2. Found Him.  Allen Stanford gets picked up – Nationwide man hunt for an $8 billion dollar con [...]
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American Automakers want $14 Billion More

1. GM and Chrysler want/need $14 Billion More – Price tag for saving the US Automakers now jumps to $39 Billion.  GM Also promises to cut brands like Saturn and Pontiac.  Which is too bad because the Pontiac Solstice could easily be the best looking American Made car on the market.  (From the NY Times) 2. [...]
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Bush and Cheney don’t like each other right now

1. Obama Signs Stimulus, launches www.Recovery.gov - Ooooo, it’s got it’s own WEBSITE.  Let’s take this 800 Billion dollar thing for a spin.  Wait, there’s already talk of a second?  (From CS Monitor and the Huffington Post) 2. Obama to send 17,000 Troops to Afghanistan – It’s his first major Commander-in-Chief type decision.  (From Reuters) 3. Roland Burris [...]
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The Japanese Finance Minister is drunk again

1. Stimulus becomes law today, here’s how it’ll effect you – The President is set to sign this thing in Denver. But how will your life change? Hint: Probably an extra $8 a week. Let’s all hope this thing works? (From USA Today) 2. You think our economy is bad? Try [...]
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Blago asked Burris for Cash

1. Blago wanted $10k from Roland Burris, Burris failed to mention this until AFTER he was in the Senate – In November, the former Illinois Governor’s Brother asked now Ill. Senator Roland Burris for a $10,000 campaign contribution.  Burris refused.  But, by the way, Mr. Burris failed to mention that this happened while under oath [...]
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Long Term effects of Stimulus aren’t good

1. Congressional Budget Office doesn’t have the kindest words for Stimulus – Here’s what CBO Director Douglas Elmendorf has to say: “In contrast to its positive near-term macroeconomic effects, the Senate legislation would reduce output slightly in the long run… The principal channel for this effect is that the legislation would result in an increase [...]
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Lincoln’s 200th Birthday

1. Happy Birthday Mr. 16th President Abraham Lincoln would have been 200 yrs old today. Test what you think you know about him, with a nifty quiz from the PBS show “Looking for Lincoln.” And don’t forget to watch “Looking For Lincoln too.” Which you can do, online, right here… (From Whitehouse.gov, and [...]
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Stimulus, Darwin, Gandhi’s Glasses

1. $789 Billion Stimulus is a go for Launch House and Senate come to terms.  Final vote to come soon.  To Quote Danny Ocean in Ocean’s 11:  “You’re either in or your out… right now.”  (From Bloomberg) 2. Conservatives should love them some… Darwin? Because, after all… he was one of them?  (From The New Republic) 3. Gandhi’s Eyeglasses [...]
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1. Stimulus Passes Senate Still just three Republicans on board.  Dems say it ain’t big enough.  GOPers say it’s way too big.  Hot damn I like the sounds of this already!  Time to merge this one with the one in the House. (From Politico) 2. Netanyahu is back? Exit polls say otherwise.  He’s more of a hawk than his [...]
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Twas the day before the Stimulus, and all through the Senate and House…

1. Stimulus Eve President Obama is set to hold a prime time press conference tonight, the night before his stimulus plan is set to pass the Senate. Politico tackles the risks, on both sides, of this plan. (From Politico) 2. Australian Wildfires Death toll up to 131 Prime Minister Rudd says the arsonists who set at [...]
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Stimulus makes progress… but what if it won’t work?

1. Senate Stimulus Compromise to get a thumbs up on Tuesday It’s bipartisan… sort of.  Not really, but kind of.  Okay so the Dems got three Republicans to support it.  (From The Hill) 2. Stimulus:  Should we really be doing this?  What if it won’t work? What is “ricardian equivalence“?  So we can’t raise taxes in a recession [...]
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Obama bets it all on Stimulus

1. Eric Holder is your new Attorney General Confirmed: 75-21 (From The Hill) 2. Obama Admits a second term depends on Stimulus plan Less than two weeks in and President Obama is saying if his Stimulus plan doesn’t go well, he’ll most likely be one and done.  If this were a poker game… on the second hand it’d [...]
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Pork in the Stimulus

1. Stimulus gets porkified The Wall Street Journal has estimated that only 12 cents out of every $1 dollar in the stimulus would actually go towards “something that can plausibly be considered a growth stimulus.” Translation: All the “good” stuff, would set us back $90 billion. Not $825 Billion. If this crisis is so dire (which it very [...]
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Daschle forgets to pay taxes too.

1. H&H Services Nominee Daschle forgot to pay taxes too.  100k worth. I’ll see your $34,000 Treasury Secretary Geithner, and raise you… $100,000 in unpaid taxes by Health and Human Services Nominee Tom Daschle…  It was for a car and a driver he forgot to count as income, and he’s paid it back.  But still, someone [...]
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Stimulus, Yale vs. Harvard, and MILK

1. House set to vote on Pres. Obama stimulus Plan. Most GOPers aren’t on-board. Heck some of his own party aren’t even on board. Meanwhile, should we really be doing anything at all? (From the London Times, Washington Post, and Politico) 2. $5,000 Not ENOUGH for some Miracle on the Hudson Passengers. Screw the [...]
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