According to Politico, the new stimulus package is to include $8 billion for high-speed rail, one of Obama’s signature projects aimed at energy conservation and congestion relief.
Read More: Obama plots huge railroad expansion.
Posted under Energy, Keeping Informed, Stimulus
This post was written by PoliticsRX on February 20, 2009
According to FT.com, some lawmakers are considering the nationalization of some banks as a viable option.
President Obama seems to be favoring the Swedish model, which Sweden followed in the 90s. Under this model, the bank(s) are nationalized, balance sheets are cleaned up, and the bank is auctioned back to the public.
One alternative to the Swedish method was that used by Japan, which critics argue delayed their recovery by repeatedly throwing money at the banks which could not get a handle on their problems. Some say the US is currently headed in this direction.
Read More: FT.com / US / Politics & Foreign policy – Bank nationalisation gains ground with Republicans.
Posted under Government Bailout, Stimulus
This post was written by PoliticsRX on February 18, 2009
In an effort to “set the floor” on the housing crisis, Obama has unveiled a $75 billion housing relief program, stating that “All of us are paying a price for this home mortgage crisis”.
Geithner states the rules will be published on March 4th, and asserts quick results thereafter.
Read More: Obama unveils $75B mortgage relief plan – Mortgage Mess- msnbc.com.
Posted under Government Bailout, Stimulus
This post was written by PoliticsRX on February 18, 2009
North Carolina Representative Larry Kissell sponsored a “Buy American” provision with the new stimulus package. His provision is now law, and requires that stimulus monies are steered toward U.S. manufacturers.
Posted under Stimulus
This post was written by PoliticsRX on February 18, 2009
Recovery.gov website unveiled ahead of President Obama’s visit to Denver, where he signed the massive $787 billion stimulus package.
Posted under Keeping Informed, Stimulus, Taxes
This post was written by PoliticsRX on February 17, 2009
