via NYT
Source:
Senate Releases Second Portion of Bailout Fund
DAVID M. HERSZENHORN
NYT, January 15, 2009
http://www.nytimes.com/2009/01/16/us/politics/16stimulus.html
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Putting aside its incredible product line and pipeline of more, its still attractive valuation relative to earnings, and its $100 per share of cash that may be used for a dividend soon, Apple's stock has gone parabolic. And, parabolic moves always end one way, back to the place where the parabolic move began. Now, AAPL can of course power higher to who knows where in this move but the largest market cap stock in the world has now entered a tenuous phase, strictly technically speaking. But I digress. German investor confidence, the ZEW, in the next 6 months rose back...
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January 16th, 2009 at 11:11 am
$275 Bil for Bus and Ind – Includes a tax cut of $500 for individuals and $1000 for couples by reducing payroll tax withholdings (I don’t qualify for that as a tight small business) and (no losses except for 2 outstanding invoices – that I can’t really write off because of my tightness)
$119 Bil for Healthcare – maybe I don’t have to order that med-bracelet that says “Do not resuscitate or rescue – tell cop to take good aim at brain”
$325 Bil for Ed, Infra, Energy, Science, Other – maybe some trickledown
$106 for Needy – maybe I should apply for food stamps (na – not at this time – I’m ok with cash flow)
January 16th, 2009 at 3:20 pm
Well, apparently the taxpayer is tired of taxpayer bailout being reported as government bailout…
http://money.cnn.com/2009/01/16/news/economy/tarp_poll/index.htm?postversion=2009011612
Americans on bailout: Stop spending
January 17th, 2009 at 1:16 am
This wouldn’t be so bad if they hadn’t already poured that much into the pockets of the people who caused this.
One problem with the loss carry back is that the authors of the mess will collect more huge amounts from the treasury for the losses for which we have already paid them.