Healthcare reform is the hot topic in Washington these days as President Obama pushes for a bill he can sign this fall. Many analysts say something should be done to change the system while others say the system is not broken and even if it is, the Obama plan would not work. Here are two opposing views from our guest bloggers Tony Fratto and Julie Roginsky.
Forget healthcare reform by August, right now it doesn’t even look like Dems can get their bill through the House!
Stocks stay resilient...there is strong momentum behind all groups. All 10 S&P 500 sectors are above their 200-day moving averages; that rarely happens and is a sign of a broad market advance.
A general air of uncertainty over what Washington has in store for health care reform is spreading to Wall Street, where investors are leery over what ramifications the undertaking will have on portfolios.
While the S&P 500 is up 3.8 percent this week, the S&P 500 equal-weighted index, which gives each of the 500 stocks an equal weighting, is up 4.7 percent this week. In other words, this has been a fairly broad rally, with lots of stocks participating in the rally.
And that’s just one stock in a sector that he thinks will continue to move higher.
President Barack Obama stepped up his us-against-them pitch for overhauling health care Thursday, saying the American people need it and must overcome resistance from opponents in Washington, whom he described vaguely as naysayers and skeptics.
Ben was superb. He knew he had to deliver a strong message and not get bogged down by the often inane questions of our political elite. The best way to get your point across is to tell them what you're going to say, say it, and then tell them what you said. Even Congressman might hear the message.
Despite Dennis Kneale calling the end of the recession, we may be getting ahead of ourselves with talk of "recovery". It's possible we're finding a bottom, but no one knows whether growth will return this quarter or next.
The typical citizen watching from afar is left to wonder: What will health care reform mean for me, besides possibly higher taxes?
As Congress spent much of the last three months looking at ways to tighten regulations on financial institutions, some of the biggest bailout recipients increased their spending on influencing legislators.
The Obama administration on Tuesday sent Congress legislation seeking to tighten government oversight of Wall Street's credit rating agencies and stem potential conflicts of interest in their business practices to protect investors.
The Obama administration warned Congress on Tuesday that a House-approved plan to restore shuttered General Motors and Chrysler dealerships would threaten the auto companies' bankruptcies and recovery.
Though manufacturing has long been in decline, the loss of factory jobs has been especially brutal of late, with nearly two million disappearing since the recession began in December 2007. Even a few chief executives, heading companies that have shifted plenty of production abroad, are beginning to express alarm.
Soon the IRS tax form will be two lines and two lines only. First will be how much did you make, second will simply be the instructions to send it all in. The tax plans coming out of Congress to pay for the health proposals are punitive and confiscatory (but are likely to kill any chances that the bill would be enacted into law).
The White House is being forced to acknowledge the wide gap between its once-upbeat predictions about the economy and today's bleak landscape.
The Obama administration’s public healthcare plan would undermine competition among insurers, said Rep. Ryan, R-Wis.
The S&P is sitting right at its highest levels since November. The central thesis is earnings: P/E multiples will expand in the next several quarters due to the combination of cost cutting and gradually rising revenues.
This is nothing but a relief rally in a secular bear market and we’ll be in a secular bear market for another 10 to 15 years, said David Hefty, principal of Cornerstone Wealth Management.
Both government and industry have experienced a steep learning curve in battling foreclosures, but two years into the crisis, greater flexibility and more effective measures are combining to produce early signs of improved results.