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Home Our Perspective Infrastructure Bank: Obama's Desperate Attempt to Win Midterm Democrat Votes; Stimulus Déjà Vu
Infrastructure Bank: Obama's Desperate Attempt to Win Midterm Democrat Votes; Stimulus Déjà Vu PDF Print E-mail
Written by Steve Meyers   
Tuesday, 07 September 2010 12:42

he president's pandering to public unions has backfired and now he wants to create an “infrastructure bank” which would be run by the government but would pool tax dollars with private investment.

The New York Times reports Obama Offers a Transit Plan to Create Jobs.
President Obama, looking to stimulate a sluggish economy and create jobs, called Monday for Congress to approve major upgrades to the nation’s roads, rail lines and runways — part of a six-year plan that would cost tens of billions of dollars and create a government-run bank to finance innovative transportation projects. READ MORE

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Ron Rebner |2010-09-07 14:31:27
What lies ahead for us could be very similar to Japan's experience in the 1990's. Note the number of significant rallies (like the one from March of 2009) that led to the 80+% decline to the present.

http://seekingalpha.com/article/204893-japan-s-post-bubble-rallies
Ron Rebner |2010-09-07 15:05:52
Volume was very low today. The A/D's were negative at roughly 3 to 1.
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