Obama Budget

Congress Budget  President Barack Obama is sending Congress a budget that would boost taxes on the wealthy and slash Medicare to make way for a $634 billion down payment on universal health care.
by Associated Press
Published: Thu, February 26, 2009 - 8:02 am CST Last Updated: Thu, February 26, 2009 - 8:33 am CST
WASHINGTON (AP) - President Barack Obama is sending Congress a
budget that would boost taxes on the wealthy and slash Medicare to
make way for a $634 billion down payment on universal health care.
Obama's first budget predicts the deficit for this year will
soar to a whopping $1.75 trillion, reflecting spending to pull the
nation out of recession. The numbers come from administration
officials who spoke on condition of anonymity before the budget is
publicly unveiled Thursday.
As part of the effort to end the financial crisis, the
administration will propose boosting the budget deficit by $250
billion this year. As much as $750 billion more could be spent
under the government's financial rescue program. That would more
than double the $700 billion bailout effort.

(Copyright 2009 by The Associated Press. All Rights Reserved.)
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Looks like we are both too optomistic.

Opened on a downward spiral, I’m going for 6980

Im Predicting 7015 at close today.

It was a roller coaster again today.  Tomorrow will probably be a slow trading day, but I don’t expect much of an upside.  My bets are that Monday will be extremely volatile.

Looks like Bama and I tied on the closing numbers… We will try again tomorrow.  I think we will see below 7100 for sure.

I applied the Treasury’s “Stress Test” to my personal checking and savings.  My accounts did’t pas the test… can I get some bailout?

Got to have something to do with all the money planned to go to the banks this next go around.

NASDAQ has taken it on the chin this afternoon.  Wonder why the dow has not followed suit?

Hannity probably got a tingle up his leg after seeing this snafu!  lol

30 minutes and counting… will there be a massive sell off?

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