Jamesb101.com

commentary on Politics and a little bit of everything else

The White House gets a ‘atta-boy’ from economists on the Stimulus Package…..

It has to be a pretty good moment for the people over at the Fed and Treasury…..They have received backing from major economists for their frantic maneuvering last year in creating, and getting thru congress, a huge stimulus package….

While only a quarter of the money congress set aside has been spent…and employment is over 10%….The Obama administration has been successful in extinguishing the recession and stopping more jobs from being cut ….Now they get to do the hard part….

Stay the course with the other three quarters of the money……

November 21, 2009 Posted by | Government, Media, Politics, Taxes, The Economy | , , , , , | Leave a comment

The White House gets a 'atta-boy' from economists on the Stimulus Package…..

It has to be a pretty good moment for the people over at the Fed and Treasury…..They have received backing from major economists for their frantic maneuvering last year in creating, and getting thru congress, a huge stimulus package….

While only a quarter of the money congress set aside has been spent…and employment is over 10%….The Obama administration has been successful in extinguishing the recession and stopping more jobs from being cut ….Now they get to do the hard part….

Stay the course with the other three quarters of the money……

November 21, 2009 Posted by | Government, Media, Politics, Taxes, The Economy | , , , , , | Leave a comment

Chair of the Federal Reserve forcasts moderate growth thru 2010…..

Ben Bernanke predicted today that the United States economy would continue its slow growth, thru the middle of next year.….his statment was an attempt to help the US dollar in financial markets……but he also acknowledged that employer’s are waiting to rehire help, trying to get as much productivity out of current workers as possible……

One must always remember that although the Fed has helped in the recession…they are always more sensitive to inflation fears…and once the economy starts to really come back they will be raising interest rates which will cool off the housing market and also affect the auto industry…tes, they’ve got quite a balancing act to perform……

November 16, 2009 Posted by | Government, Media, Politics, The Economy | , , , , , | 7 Comments

Ford Motors has it first profit since 2005…

The Ford Motor Company posts a profit of $997 million (posting a profit after 17 quarters of losses)…Ford, the only of the United States ‘big three” auto makers never received federal help due to the financial crisis…the company rode thru the period by selling off assets right before things went south, and borrowing billions before, enabling it to have a money set aside, unlike the other companies, that are now back at Treasury asking for more money (GMAC and Chrysler)……in addition, Ford has been much faster in changing its car lineups to mimic the European and Asian type vehicles, with styling and technical updates……the company does not expect this profit to be sustainable in the future because of its European sales slump…….

November 2, 2009 Posted by | Breaking News, The Economy | , , , , | Leave a comment

Companies stock up on cash……is this anyway to help the economy?…..

Turns out that companies act a lot like people….when things get rough..they hold on to their money…the Wall Street Journal reports that’s what happening out there….and you know what that means?….instead of hiring, the just sit on that salary money…..and the unemployment numbers continue to lag……

That held figure is at a staggering $994 BILLLION……yes, billion folks……..

November 2, 2009 Posted by | Politics, The Economy | , , , , | Leave a comment

The United States Economy shows a vast improvement!….

I have been saying to anyone that would listen ……’The recession ended in the late spring’…well, the numbers from the economists for  the third quarter of this year, are the first positive numbers for a while……..And  they  seem to support the fact  that the economy is indeed coming back……I don’t really feel it personally….But I have been watching the little signs here and there, and it was unmistakeable…….

I know the Republicans aren’t going to take it too good, but the President’s campaign of Government spending WAS the key…

Obama gets the props folks………

But , we have a very long way to go to prosperity……

October 29, 2009 Posted by | Media, Politics, The Economy | , , , , , | 9 Comments