Category Archives: Bail Out

Unhappy voters jam Capitol Hill phone lines

By doris | Published: February 6, 2009

Full Story At CNN.com WASHINGTON (CNN) — The recent debate over the nearly $900 billion economic stimulus plan and revelations of tax problems by three Obama administration appointees have voters angrily jamming phone lines on Capitol Hill to air their frustrations to their elected representatives.

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Home-buyers tax cut raises cost of stimulus bill

By doris | Published: February 5, 2009

Full Story At Yahoo! News WASHINGTON – Historically huge to begin with, economic stimulus legislation is growing larger by the day in the Senate, where the addition of a new tax break for homebuyers sent the price tag well past $900 billion. “It is time to fix housing first,” Sen. Johnny Isakson, R-Ga., said Wednesday [...]

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AP Investigation: Banks look overseas for workers

By doris | Published: February 2, 2009

Full Story At Yahoo! News SANTA CLARA, Calif. – Even as the economy collapsed last year and many financial workers found themselves unemployed, the dozen U.S. banks now receiving the biggest rescue packages requested visas for tens of thousands of foreign workers to fill high-paying jobs, according to an Associated Press review of visa applications. [...]

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Obama promises plan to cut mortgage costs

By doris | Published: February 1, 2009

Full Story At  msnbc.com WASHINGTON – President Barack Obama promised on Saturday to help lower Americans’ mortgage costs with a new plan, coming soon, that would revive the financial system and “get credit flowing again.”

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Stimulus Plan Encounters Stiff Resistance in Senate

By doris | Published: January 31, 2009

Full Story At NYTimes.com The demand for major changes comes amid mounting criticism from some economists that the bill does not focus tightly enough on government programs that will quickly create jobs or tax breaks that will spark spending by consumers and businesses. Not a single Republican voted for the version of the bill that [...]

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