NigelJ

Member since March 7, 2009

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President-Elect Obama Lays Out Key Parts Of Economic Recovery Plan
Democrats have gained the White House, and in a rare turn, a majority in Congress to go with it. That doesn’t necessarily mean that everything is going to go smoothly, however. There has been a lot of dispute between Democrats and Republicans over mortgage crisis relief funding to keep certain homeowners out of foreclosure. The idea is that homeowners that are responsible people but are facing foreclosure due to job loss or payments that were raised to Olympic heights by troubled mortgage companies would get help. Hopefully, the measures concerning mortgage relief will be helped along by both Republicans and Democrats to aid those in need.
Commented Mar 7, 2009
Inauguration
Obama and his team are defending his pick for the United States Secretary of the Treasury, though it seems imprudent to appoint to one of the top financial posts in the country to a guy that makes big tax mistakes that require a massive payoff. Consumer confidence is the proportion of people who believe that the economy is going to be strong during the next few months. Recent polling has indicated that consumer confidence has dipped below 30%. Small wonder more people are looking into payday loans these days. The state of the economy is obviously the largest influence, as the number of layoffs increase, the stock market continues to decline, and the credit freeze has seen record numbers of people going out for payday loans for short term credit needs.
Commented Mar 7, 2009