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Economy

Why the Recession Will Be Good for Us as a Country

Good Things Can Come From Difficult Economic Times
How dare I make light of economic conditions that are forcing people out of work and out of their homes, but everything isn’t all doom and gloom with the recession. If you’ve lost your job recently, there is probably little optimism in thinking that the recession is [...]

Obama’s Economic Rescue Plan Would Allow Penalty-Free Withdrawals up to $10,000 This Year and Next From Retirement Accounts

Is Obama’s Plan to Let People Tap Into Their Retirement Plan a Good Idea?
I don’t discuss politics on this site, and for good reason. It always seems to bring out the ugly side of people when a heated debate starts. I would rather talk about things from a pure financial standpoint and keep politics [...]

Full Text and Details of the Proposed $700 Billion Government Bailout Bill – Draft Submitted Sunday Evening

Details have been sketchy in terms of the specific details surrounding the $700 billion financial bailout, but as of Sunday night it looks like the revisions made by the democrats will be supported by republicans, and the bill should be cleared by the House on Monday, and acted on by the senate sometime Wednesday. [...]

Administration Brings Back One-Year Treasury Bill

Since 2001, we’ve had to do without the one-year treasury bill. The government was enjoying a nice surplus, so the need to raise money through the sale of treasury bills was not a high priority. As you know, times have changed. The surplus is gone, and we’re faced with a staggering budget deficit, and [...]