Archive for June 18th, 2008

War Budget Agreement

War Budget Agreement!

It seems that President Bush got his way in the amount of funding in the war budget plan.   If your wondering how much, its going to be $162 billion, which brings the total to over $600 billion.  Deals where made to get this past.  Also added in this bill will be a quick emergency flood relief for the Midwest.  The jobless will also receive a 13-week extension on their unemployment payments.  And most importantly, a boost in the GI Bill college for veterans.  I would like to end on this note – it’s about time the Democrats and Republicans finally agreed on something.

Drop In Stocks

Drop In Stocks!

Today was another out of control day for Wall Street. Today’s drop of $131 is mostly related to concerns about the financial sector. And of course, the concerns of the high fuel cost. It does appear that the market is once again going in the wrong direction – down. Has long as our fuel cost remain up, the stock market will struggle. The only thing I’m hoping for is some good news tomorrow. Which could help raise the market back up.