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Saturday, March 21, 2009

Democratic Chatter 3-21-2009

George Wenschhof Bio

President Barack Obama in his weekly address to the nation discusses how his proposed budget is equal to the task before us.

download .mp3 or .mp4 also available here read transcript

Meanwhile, the Congressional budget Office (CBO) reports the deficits under the Obama budget would equal 9.3 trillion - this is one-third larger than the projections coming from the Obama administration. Expect the 2010 budget battle to heat up soon. has more here.
Then, Senator John McCain (R-Az.) followed with a statement saying the budget proposed by President Obama is a "threat to the nation" - he went on to say how the budget threatens the future of our children and grandchildren. With that statement, the budget battle is now engaged. has more here.
Also Yesterday, federal regulators took over two credit unions with combined assets of 57 billion - The U.S. Central Credit Union and the Western Corporate Federal Credit Union are considered the two largest credit unions in the country. has more here.
Treasury Secretary Timothy Geithner to announce next week his toxic asset plan -Geithner and the White House had better hope he does a better job than he has to date in explaining his plan to the public or else Geithner is sure to be gone. The plan has been hinted at previously and involves the private sector investing with the government to buy troubled mortgages. Let's see how the roll out goes next week and let's hope it works to help stabilize the financial system. has more here.
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