Following credit card reform and other debt news.

Posts Tagged ‘ stimulus ’

President Obama’s Air Force One Usage Bothers Me

Feb 16th, 2009 | By Rob | Category: Government

President Barack Obama escaped to Chicago for this past Valentine’s Day weekend. According to news reports, the President played a little basketball, got a haircut from his favorite barber, and took his wife out to Valentine’s Day dinner. Following Congressional passage of the $787 billion economic stimulus plan and with the auto bailout debate to look forward to this week, his need for a little vacation is understandable.

My burning question about his trip is this: Did he fly commercial?



Debt Buyback for Businesses, Not for Consumers

Feb 12th, 2009 | By Rob | Category: Government

The Wall Street Journal has just reported that a provision allowing corporations to defer taxes when they buyback their debt at a discount from their bond holders / creditors will remain in the economic stimulus package.  While I support the provision, I find it unfortunate that Congress has not extended the proposal to consumers who [...]