Jeff Finch» Economy

Open for Questions – President Barack Obama

Jeff — Fri, 27 Mar 2009 03:02:21 +0000

President Barack Obama held the first Open For Questions session Wednesday. With almost a hundred thousand participants and more than three and a half million votes, it was an amazing experience and showed the potential of what this kind of open engagement can accomplish. The online town hall had an great feel and I think that it should have happened some time ago. I hope that it happens many times from now on. Below is the entire video:

How Much is One TRILLION Dollars?

Jeff — Thu, 26 Mar 2009 04:40:26 +0000

One trillion dollars is what the Federal Reserve put out to buy debt from the treasury. How did the Federal Reserve come up with this amount of money? Unfortunately what happens is the dollar goes down in value and gold shoots way up in value. Check out the video below:

AIG Bonus Documents Show 218 Million Paid Out to Execs

Jeff — Sat, 21 Mar 2009 23:52:07 +0000

According to Fox News,

Documents turned over late Friday show AIG paid $218 million in bonuses last weekend, higher than the $165 million that was previously disclosed, said the office of Attorney General Richard Blumenthal, who had issued a subpoena.

I find it hard to believe that a company would first give bonuses to execs that did a poor job, but then lie about the total amount. Trust needs to become a reality for this economy to heal. This just shows that healing is not in the near future. Sadly.

President Obama’s Stimulus Plan Has Passed

Jeff — Thu, 19 Feb 2009 05:21:09 +0000

Ok the plan has passed now. Below is a chart that shows where the money is going to be spent. Check out Recovery.Gov for more info. I think it is pretty well made.

Where is Your Money Going?

Recovery.gov is a website that lets you, the taxpayer, figure out where the money from the American Recovery and Reinvestment Act is going. There are going to be a few different ways to search for information. The money is being distributed by Federal agencies, and soon you’ll be able to see where it’s going — to which states, to which congressional districts, even to which Federal contractors. As soon as we are able to, we’ll display that information visually in maps, charts, and graphics.