Stimulus package? "What's the hurry" Senators tell America
Well we got our answer today regarding the stimulus package a President Obama was expected to have ready to sign on Inauguration day, Jan. 20th. According to Sen. Harry Reid and his Republican counterpart, Sen. Mitch McConnell of KY, they will most likely need to call hearings on proposals as the Republicans and some Democrats are a acting a bit cautious about giving a blank check to President Obama. The Democrats just don't have the votes to get something passed and won't unless they can get it to look more bipartisan.
I think the markets will react more negatively to this news, especially as we get closer and closer to Inauguration day without an approved stimulus package. Most economists believe we need a package now and we can't wait a minute longer than necessary. This is going to negatively affect investor psychology.
I think the markets will react more negatively to this news, especially as we get closer and closer to Inauguration day without an approved stimulus package. Most economists believe we need a package now and we can't wait a minute longer than necessary. This is going to negatively affect investor psychology.
Labels: Democrats, economists, Inauguration day, investor psychology, President Obama, Republicans, Sen. Harry Reid, Sen. Mitch McConnell, stimulus package
posted by Charles Amico at 6:18 PM
2 Comments:
This is a terrific blog - a must read for anyone who wants to cut thru the clutter and get the real pulse of the market and near term direction.
Keep up the great work Charles!
KB
Thanks KB. I appreciate all comments. I have been trying to help others save their assets and make some money at the same time.
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