President-elect Obama all but promised higher taxes on the rich and letting various Bush tax cuts expire while in campaign mode, but with the recession hitting full stride, he’s backtracked on the timing of any tax hike.
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Tags: Bush tax cuts, Congress, President-elect Obama, Taxes, Unemployment
The financial and airline sectors got a bailout. Defaulting homeowners and other companies are in line. How about GM, Ford and Chrysler?
Tags: Chrysler, Detroit, Ford, GM, Government bailout, Homeowners
Before I answer that question, I’d like to hear the official announcement that we’re in a recession.
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Tags: Economic rebound, FedEx, National Bureau of Economic Research, Recession, Recovery, UPS
It’s because banks are caught in a squeeze. They have limited resources and few good options for raising more.
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Tags: Bailout, Balance sheets, Banks, Federal Reserve, Lending practices
Well, evidently the first impact was to add nearly 1,000 points to the Dow Jones.
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Tags: Consumer confidence, Dow jones, Fed, Interest rate cuts
Tell them to hang on tight.
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Tags: 401(k), CFO, Dow, Economic hardship, PBP, Recession, Stocks
We’ll get a boost, but only a small one.
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Tags: Gas prices, Oil, OPEC, Recession, U.S. dollar
It depends how much risk you’re willing to take.
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Tags: Dow, Economy, Investments, Money, Savings, Stock Market
No. And I have nine reasons why Paulson’s $700 billion bailout plan is a bad idea.
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Tags: Bailout, Congress, Economist, Economy, Hank Paulson, Treasury Secretary, Warren Buffett
My boss asked an interesting question the other day.
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Tags: BLS, Economy, Europe, GDP, Unemployment rate
