More money please!

Congressional Building

Congressional Building

Checking out the internet news today I came across this article. Now my brother, the financial analysis and stock broker told me around July that Congress is trying for another stimulus package for Americans. Well I said they are out of session now and there is a policy of make no decision in the political arena ya know, lol! No really there is. Especially since they were getting ready if not already out of session for the summer. When it comes to closing congressional sessions no decisions are made.

In this article I was reading this caught my eye:

If they are successful, a lame-duck session of Congress two weeks later would allow them to start work on a response to the credit crunch that has sent stock prices plummeting and also threatens to trigger a deep recession. It often takes two or three months for a new Congress to begin turning out legislation, particularly when a new president is settling into the White House.

On the other hand, by attempting to pass legislation next month, Democrats would have to negotiate with President George W. Bush, whose term runs until Jan. 20, 2009. Additionally, Senate Republicans, with 49 seats, could block any measure they opposed.

Yes after consulting with Obama, Democratic leaders want Congress to come back to work to start formulating another stimulus plan for Americans, per officials. We are talking $150 million. Where is this coming from? Are you concerned about the economy? I know I am I just wonder where all is this going to lead. I suppose we will have to wait until Congress mets if they do about this at all.

Full story Here

$700 billion for my friends!

Wow just when you thought we were debt free! I hope you know that I am being facetious here. Our country is in so much debt that it isn’t even funny! Our economy is the worse it has been in centuries and by goodness now groceries are out of this world. I know that you probably have heard all this before but really to ad insult to injury we have the $700 billion governmental bailout.

Here is the full story here and Wall Street Journal explanation

Wall Street Journal




A take on this from a fellow blogger
Business Pundit


Want you to think about this who is going to eventually pay for this?

Well Congress is thinking they voted this morning and well read it here!

10-6-08 Well over the weekend it seems that after a revision all is a go for the bailout. Although many feel that it won’t help we can only be prudent, watch and be mindful of what this is supposed to do for our economy. Have a thought let me know what you think? The universe wants to know! 🙂