bloomberg.com - 1/3/2009
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Jan. 3 (Bloomberg) -- President-elect Barack Obama said that Democrats and Republicans need to act with urgency to address the “great and growing” economic crisis, warning of double-digit unemployment if swift action isn’t taken. “These are America’s problems, and we must come together as ...
reason.com - 1/3/2009
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reason.com —
Whew. Now that 2008 is in the history
books, $8.5 trillion in federal bailout money is in...
the pipeline, and bold leadership is set to take command, Americans can all breathe a little easier, right? Uh, no. The unhappy fact is that 2009 is almost ...
(more)
Why 2009 Will be Worse than 2008
acrossthecurve.com - 1/8/2009
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acrossthecurve.com —
President-elect Obama will provide details of his stimulus
package in a speech in Virginia at 1100AM. The...
package is expected to total around $800 billion. The Congressional Budget Office projects a fiscal year deficit of $1.2 trillion. However, that figure does not include the loss of ...
(more)
Obama
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Weekend Linky Dinks
UpsideTrader —
[image] Happy Saturday and my final Happy New Year wish. I grabbed a 3% return in the S&P yesterday and have decided to capture that gargantuan gain and quit trading for the year. Kidding of course, enjoy the links. Saving the world one bank at a time-Citi style. Steel wants government orders, will they want a bailout next? "Expert" predictions from the U.K. Task and Blodgett waxing bearish . My buddy Howard Lindzon and his friends make some 2009 Web predictions. If you have to own a bank, USB is one that I never had a big problem with. I think Obama is low balling 10% unemployment, but that's just me. If ...
Obama Verdict: Insane
The Market Ticker —
... "Insanity: Doing the same thing over and over but expecting a different result" - Albert Einstein One of the brightest men ever to walk the earth. President Obama (in a bit more than two weeks) doesn't even make it into the bush leagues compared to Mr. Einstein. Here's his latest: “These are America’s problems, and we must come together as Americans to meet them with the urgency this moment demands,” he said today in his weekly radio address. “If we don’t act swiftly and boldly, we could ...
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I will preface this post by emphasizing that it is NOT Barack Obama’s fault that the market has fallen so much on his watch. The American economy was grossly over-leveraged before he was even elected to the Senate in 2004.
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The Obama Crash
howardlindzon.com 1/23/2009 — I can’t vote, but declared myself an Obaman. That seems like a long time ago.
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Obama stimulus could reach $1 trillion: report
| U.S.
reuters.com 12/15/2008 — NEW YORK (Reuters) - President-elect Barack Obama's team is considering a plan to boost the recession-hit U.S. economy that could be far larger than previous estimates and might reach $1 trillion over two years, the Wall Street Journal reported on ...
Obama’s Tax Promises
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Here I classify tax changes in comparison with the ...
Obama Readies Massive Tax Cuts —
The Big Money 1/5/2009
The Wall Street Journal and New York Times lead off their business coverage today with word that President-elect Barack Obama's economic recovery plan will include a larger-than-expected tax cut of roughly $300 million for companies and ...
The GOOG-Obama Lovefest —
The Big Money 1/5/2009
Google may have a big headache in China right now, but it's only too happy to see Barack Obama set up shop over here. According to the San Francisco Chronicle , CEO Eric Schmidt, co-founder Larry Page, YouTube co-founder Chad Hurley, and three ...
Understimulated —
The Big Money 1/7/2009
Washington officials can't say for sure how many people are coming to town for Barack Obama's inauguration. Estimates have ranged from 2 million to 4 million .
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