Tag Archive | "President Obama"

Will New Economic Aid Save the Middle-Class?


This Wednesday, President Obama will broadcast his message from the most visible area of the bully pulpit: the State of the Union address. The AP reports President Obama will unveil a new economic aid package including:

“[A] doubling of the child care tax credit for families earning under $85,000; a $1.6 billion increase in federal funding for child care programs and a program to cap student loan payments at 10 percent of income above “a basic living allowance.” The initiatives will be part of the president’s proposed budget for fiscal year 2011.

His initiatives also include expanding tax credits to match retirement savings and increasing aid for families taking care of elderly relatives. That program would also require many employers to provide the option of a workplace-based retirement savings plan.”

Are these new packages aimed at helping the struggling underemployed, or are they simply political bait to ward off a Republican surge in the upcoming midterm elections? Either way, these new programs represent a new wave of subsidies to continue propping up the economy in the short term.

Readers who liked this post also enjoyed these articles:

Michael Panzner: If I were Federal Reserve Chairman I Would …

JPMorgan’s Jamie Dimon: “Mistakes Were Made” (AKA, Sh*t Happens)

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)




Posted in Damien Hoffman Scoop, Featured, The Scoop, Washington & Wall St.Comments (0)

SNL: US-China Relations


The underlying reality is not funny, but this gets to the point:

Readers who liked this also enjoyed these posts:

China to US: Is That a Hedge or Are You Just Happy to See Me?

US-China Relations: Getting Beyond Political Rhetoric

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)




Posted in Satire, The ScoopComments (1)


Advert

Share Your Thoughts

Did Federal Reserve Chairman Ben Bernanke convince you the Fed is doing a great job without any help?

View Results

Loading ... Loading ...