Daily Archives: October 2, 2009

Democrats Quietly Craft ‘Public Option’ Compromise Behind Closed Doors

The chairman of the Senate Finance Committee said he has “high hopes” of finishing work on a sweeping health care overhaul bill by Thursday night. ¬†Democratic Sen. Max Baucus announced the schedule as he gaveled open the committee Thursday morning for its seventh day of work on a 10-year, $900 billion bill to extend coverage to uninsured Americans.

Thursday, October 01, 2009

Senate Democrats are quietly crafting a compromise over the so-called public option behind closed doors — two days after a pivotal Senate panel struck down amendments to create the government-run program, congressional aides told FOX News. Continue reading

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Unemployment Rate Expected to Rise, Could Reach 10 Percent

American-Eagle-and-Flag--C10055018 By Bob L : NEWS AS I SEE IT!

What this Government is not telling you is that unemployment is all ready well above 10%, there are some that are no longer drawing unemployment, so it is probably closer to 35%.
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A return to 10 percent unemployment could pose political problems for Obama, who pushed through an ambitious $787 billion stimulus package in February intended to “save or create” 3.5 million jobs by the end of 2010.
AP
Friday, October 02, 2009

WASHINGTON – The unemployment rate hasn’t topped 10 percent since June 1983, but it could return to that painful level soon — possibly as early as Friday, when the Labor Department issues its monthly jobs report. Continue reading

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Chrysler: Check engine now

American-Eagle-and-Flag--C10055018 By Bob L : NEWS AS I SEE IT!

These auto manufactures have done it to them selves, they pay big wages from the top to the bottom, better known as priced them selves out of business, people can no longer afford to buy their cars, One they over build and Two they have to many makes of cars they don’t need, in most cases it is the same car with a different name, it is just like buying a home, this housing crash should show that, and it is not that they could in most cases could afford them, it is payments are beyond paying when things get slow.
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Out of bankruptcy but not out of the woods, the automaker is struggling with a stale product line-up and not much new in sight

Peter Valdes-Dapena, CNNMoney.com senior writer
NEW YORK (CNNMoney.com) — Three months after coming through a federally-financed bankruptcy, the new Chrysler Group still faces serious trouble with no quick solution in sight. Continue reading
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