Cash For Clunkers was a federal program that subsidized car down-payments for qualified citizens. In order to qualify, your old car must fall below certain emission standards; and you must agree to purchase a new, greener model. Customers receive vouchers worth between $3500 and $4500 dollars. Since its initial inception,...
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Mr. Obama’s economic advisors have been promoting the few small gains that the economy is currently making. A rapidly rising stock market and a modest uptick in home sales, coupled with an economy that only shrank by 1% last quarter, would normally not qualify as good news. Yet, in these dismal economic times, facing stiff...
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The news from throughout the country has been discouraging. Unemployment hit 9.5%, while real unemployment hovers around 16.5%. Over two million jobs have been lost since Mr. Obama took office. Foreclosures are rising, while economists expect 1.5 million people to file bankruptcy this year. Many states are facing severe...
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Here I go again. I feel the need to explain why, besides the damage they have wrought to the stimulus plan, the Republican push for tax cuts is an ineffectual and misguided economic policy. Besides a few economists that are friendly with the highly partisan Heritage Foundation, most agree that tax cuts are not an effective way...
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President Obama’s stimulus plan passed in the House of Representatives with no Republican votes. Now the bill must pass the Senate before it goes to a Conference committee. Once it leaves Conference Committee, the final version will be voted on by both the House and Senate. Thus, it is very likely that the current bill...
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What has brought me to the point where I am echoing obstructionist Republicans, albeit for very different reasons? The Republicans are currently seeking to completely derail the proposed stimulus package. However, they know that they do not have the numbers in Congress to block the stimulus plan’s inevitable passage. No,...
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