Posts Tagged ‘Harry Reid’
Posted by Larry Doyle on May 17th, 2012 8:05 AM |
First Pacific Advisor’s Bob Rodriguez is a renowned money manager. I hold him in the highest regard.
The only issue I have in regard to Mr. Rodriguez is that he is not in Washington managing our nation’s fiscal policy.
The simple fact is Rodriguez knows of what he talks and relates it in language that is foreign to most politicians, that is, plain English.
With the ongoing budget fiasco, debt ceiling, and accompanying fiscal cliff on our horizon at year end, recent comments by Rodriguez should ring long, loud, and clear throughout Washington. (more…)
Tags: Bob Rodriguez, Bob Rodriguez has a message for washington, Bob Rodriguez interview with Mike Huebscher, Dave Walker's Comeback America 12 platform, debt ceiling, economy would run like a scolded dog, First Pacific Advisor, fiscal cliff, fiscal sanity, FPA< Bob Rodriguez, Harry Reid, increase the rate on carried interest, living beyond our means, meaningful deficit reduction, meaningful tax reform, Medicare, Obamacare, Paul Krugman, payroll tax, President Obama, rescind Obamacare, scalded dog, Simpson-Bowles, Simpson-Bowles Commission, Social Security, talking economics in plain English, Tim Geithner, tough but transparent regulations, will Congress raise the debt ceiling, will United States become like Greece
Posted in fiscal policy, General | 3 Comments »
Posted by Larry Doyle on March 17th, 2010 2:45 PM |
In light of the focus on this most important issue, I am reposting a commentary I had written in January very shortly after having spoken with a family member who just so happens to be a doctor in a small medical facility.
Additionally, hearing that the Democrats are thinking of using a process in which they ‘deem’ the legislation to have passed without actually voting on it would, in my opinion, take our country to a new low.
If Democrats ‘deem’ this reform to have passed, I have a hard time believing or understanding how that is not a direct assault on the Constitution of our country. The mere fact that it is even being considered is reviling.
LD (more…)
Tags: AMA, bending the cost curve, deem, Harry Reid, healthcare, healthcare is redistribution, healthcare reform, healthcare reform legislation, Nancy Pelosi, Obama, Obama-care, reasons not to support healthcare, reconciliation
Posted in General | 4 Comments »
Posted by Larry Doyle on November 18th, 2009 9:35 AM |
Do you have any confidence that Washington even knows how to properly address our massive and growing fiscal deficit? Rahm Emanuel, Tim Geithner and others understand that from a political standpoint they need to start talking about deficit control, but will that talk lead to action?
Do you think Congressional leaders, specifically Harry Reid and Nancy Pelosi, have the character and fortitude to ‘tighten the belt?’
The first real test for this crowd is already upon us. How so? The TARP, with a $700 billion commitment, expires on December 31, 2009. Of that $700 billion, $400 billion has actually been spent. Why wasn’t the other $300 billion spent? Well, don’t forget that Obama’s Stimulus Bill totaled $770 billion and assorted other programs implemented by Treasury have run into the trillions. As a result, Geithner did not immediately need to allocate those funds.
The question begs as to what will happen to that $300 billion. While Emanuel and Geithner are starting to ‘talk’ the fiscal discipline ‘talk,’ will they ‘walk the walk?’ (more…)
Tags: allocating TARP funds, Deficit, deficit control, Fannie Mae, FDIC, FHA, fiscal discipline, Freddie Mac, GMAC, Harry Reid, insurance companies, Nancy Pelosi, Rahm Emanuel, richard trumka, Senator John Thune, stimulus bill, talk of fiscal deficit, TARP, TARP funds, TARP renewal, Treasury, walking around money
Posted in Deficit, General, Tim Geithner | 3 Comments »
Posted by Larry Doyle on April 20th, 2009 5:30 AM |
As I referenced on my radio show last evening (note: you can listen to an audio recording of the show from the BlogTalkRadio player in the right sidebar), China’s economy is benefitting from economic stimulus enacted by its government. Well, the U.S. government also enacted a major Stimulus Package in early February. How is our package doing? Is it impacting the economy? Our economy certainly does not seem to be benefitting significantly from any government stimulus.
I wrote on February 7th that Martin Feldstein, renowned Harvard economist who sits on Obama’s Economic Recovery Advisory Board, called the Stimulus Package An $800 Billion Mistake.
Feldstein’s concerns about the Stimulus as reported by the Washington Post, focused on several items:
1. On the spending side, the stimulus package is full of well-intended items that, unfortunately, are not likely to do much for employment.
2. The largest proposed outlays amount to just writing unrestricted checks to state governments.
3. The plan to finance health insurance premiums for the unemployed would actually increase unemployment by giving employers an incentive to lay off workers rather than pay health premiums during a time of weak demand.
4. A large fraction of the stimulus proposal is devoted to infrastructure projects that will spend out very slowly, not with the speed needed to help the economy in 2009 and 2010.
5. The problem with the current stimulus plan is not that it is too big but that it delivers too little extra employment and income for such a large fiscal deficit.
Let’s see how business executives view the rollout of the Stimulus Package. Would they agree or disagree with Feldstein’s concerns? (more…)
Tags: $800 Billion Mistake, benefits of stimulus package, capital spending of Stimulus Package, China's economy, Harry Reid, impact on health insurance premiums of stimulus package, impact on infrastructure projects by Stimulus package, lack of clarity on Stimulus, Martin Feldstein, Nancy Pelosi, Stimulus Package
Posted in General, Stimulus Plan, Stimulus Tax Package | No Comments »
Posted by Larry Doyle on March 25th, 2009 9:46 AM |
Like it or not, Goldman Sachs is widely considered to be the preeminent risk manager in the world. I would never blanketly endorse Goldman Sachs nor every one of their transactions or employees. Anything but. I am sure Goldman, like every institution in every industry, has some bad apples who will and have made some bad, if not outright illegal, moves. If so, the proper regulatory authorities should address, investigate, and if need be prosecute. I am here to write on a different topic. Goldman Sachs does not want Uncle Sam as a business partner. Whether Goldman wanted government money last Fall via the TARP (Troubled Asset Recovery Program) or not, the firm very clearly wants to return those funds soon.
Goldman Sachs is currently working with government officials to return $10 billion in TARP funds by late April. The firm will look to make this return after the U.S. Treasury completes its first round of bank stress tests. Other smaller banking institutions are looking to do the same. (more…)
Tags: Banking Institutions, Barack Obama, Barney Frank, Chris Dodd, Chuck Schumer, counterparty risk, Goldman Sachs, Harry Reid, Joe Biden, Nancy Pelosi, TARP, Warren Buffett
Posted in Banking Institutions, Christopher Dodd, Congress, Democratic Party, Obama Administration, Wall Street | 7 Comments »
Posted by Larry Doyle on March 19th, 2009 12:36 PM |
Senator Dodd did not exactly fall on the sword for the Obama administration as Bloomberg reports, Senator Chris Dodd Blames Obama Administration for Bonus Amendment.
The very legislators who rushed through the Stimulus Bill, which included provisions to prevent AIG-like bonuses, are now railing and pandering as never before. Who are these politicians? Nancy Pelosi, Harry Reid, Barney Frank, Chuck Schumer, and many more. Treasury Secretary Geithner Vows to Recoup AIG Bonuses as Lawmakers Express Fury. Geithner himself feigned ignorance of his knowledge of these AIG payouts.
What do we learn from this sort of political circus? (more…)
Tags: AIG, AIG bonuses, Barney Frank, Chris Dodd, Chuck Schumer, Citigroup, Harry Reid, IMF, JP Morgan, Nancy Pelosi, Northern Trust, Obama Administration, stimulus bill, Tim Geithner
Posted in AIG, Bailout, Barack Obama, Barney Frank, Christopher Dodd, Citigroup, Commerce, Congress, Economic Stimulus, Economy, JP Morgan, Nancy Pelosi, Obama Administration, Wall Street | 6 Comments »
Posted by Larry Doyle on March 16th, 2009 4:17 PM |
A loyal reader shared with me a recent posting from former Clinton Labor Secretary Robert Reich. Earlier today I cross posted a piece from No Quarter in which Reich was less than complimentary of Secretary Geithner. Well, let’s see what Mr. Reich has to say about President Obama’s economic program: Is Obamanomics Conservative or Revolutionary?
Prior to delving into my thoughts and commentary on Reich (or anybody), I always find it useful to consider the perspective of the writer. In regard to Mr. Reich, let us not forget that Robert Reich Excludes White Male Construction Workers from Obama Stimulus Plan. Utilizing that perspective, Mr. Reich would be considered to be more than slightly left of center. Additionally, in considering the Obama economic plans, I think it is critically important to incorporate the economic plans and agenda of the Democrats in Congress. These Congressional leaders have a major influence in this process. These Democrats, including David Obey (D-WI), Nancy Pelosi (D-CA), Harry Reid (D-NV), Barney Frank (D-MA), Chuck Schumer (D-NY), Chris Dodd (D-CT), and Steny Hoyer (D-MD) amongst others are major players in the stimulus, budget, and Omnibus bill that have come down from Congress. It is not totally clear where the lines are drawn between the White House and Congress on all the economic issues. That said, let’s see what Mr. Reich has to say and then critique his assessments of Obamanomics. (more…)
Tags: Barack Obama, Barney Frank, cap and trade, Chris Dodd, Chuck Schumer, David Obey, Democrats, Education, Harry Reid, Nancy Pelosi, Obamanomics, Reaganomics, regulatory structure, Robert reich, Steny Hoyer, taxes, Tim Geithner, universal health care, vouchers
Posted in American Consumers, Barack Obama, Christopher Dodd, Chuck Schumer, Commerce, Congress, Current Affairs, Democratic Party, Economic Stimulus, Economy, Education, Employment, Equity Markets, Nancy Pelosi, Obama Administration, Real Estate, Republicans, Risk | 4 Comments »
RSS Feed
Twitter
Facebook
Email
Home
