Archive for February 25th, 2009

Obama Vows, ‘We Will Rebuild’ and ‘Recover’

WASHINGTON — President Obama urged the nation on Tuesday to see the economic crisis as reason to raise its ambitions, calling for expensive new efforts to address energy, health care and education even as he warned that government bailouts have not come to an end.
The latest on President Obama, the new administration and other news from Washington and around the nation. Join the discussion.
In his first address to a joint session of Congress, Mr. Obama mixed an acknowledgment of the depth of the economic problems with a Reaganesque exhortation to American resilience. He offered an expansive agenda followed by a pledge to begin paring an ever-climbing budget deficit. To read article
click here.

Emptysuit Button Code/Chiclet

ES Copy and paste into website or blog:

<a href=”http://www.emptysuit.wordpress.com/&#8221; target=”_blank” title=”emptysuit”><img src=”http://emptysuit.files.wordpress.com/2009/02/es1.gif”></a&gt;

Stock Market Gives Obama’s First Month An ‘F’

By Liz Peek

© AP

Editor’s Note: Liz Peek is a financial columnist and the author of wOw’s Wall Street Weekly and SHEconomics.

Today marks the one-month anniversary of President Obama’s inauguration. In his brief time in office, the president has overseen three massive new spending initiatives — the $787 billion stimulus bill, the trillion-dollar financial stability initiative and, most recently, the $275 billion mortgage assistance program.

That’s a lot of activity, and a ton of money, but so far the reaction to the new administration’s programs has been decidedly negative. Investors, among others, have panned the plans; the stock market is off nearly 10% from the day before the inauguration, or more than 800 points on the Dow Jones Industrial Average. To read the full article click here

ES

Follow

Get every new post delivered to your Inbox.