Who’s Watching the Money?

The Republicons as you call them pay for the bear.

The author is wrong. Obama already governs. He ordered Congress Democrats (of the current Congress, not the future one) to bailout Big 3. He announced big part of his new propgram to create millions of useless jobs, and Congress Democrats are already working on new package of laws. He selected Wall Street manager as his new Treasury Secretary, so we know big business will receive bail-out money, to the contrary what every smart economist said and current administration was finally encouraged to do (provide money to banks for loans, because it is what people and small businesses need).

I'm with Momma K on this one. All this bickering back and forth really isn't going to accomplish anything. My challenge to the media is to take a panel of legitimate research journalist and make an indepth prediction on our next four years. The panel must take into consideration past actions and voting records of the known players of the next administration & congress to make, as objectively as possible, what our government will try to pass in the next term. (again based only on voting records and things they did, not said.) Any journalist reading this?

To: All OBAMAMOHAMMEDS and all other Hussein supporters.....

You asked for it...You got it...Toyota

Obamanomics 2009.....DEEP and SEVERE layoffs....continued loss of equities....desperation and despair....BUT...LOOK...up in the SKY...It's a bird...It's a plane....NO!!!...it's THE FALSE ONE...WE ARE SURELY SAVED....

Printing presses run wild....Money is EVERYWHERE....George Washington's face will be in every pocket...JOBS...JOBS...JOBS...

And not just any job....a GOV'T JOB.....a JOB for LIFE.....then REALITY is gonna show up....Rutt Ro....boom boom boom...out go the lights....

Even the Devout OBAMAMOHAMMEDS will disavow his Messiahship.....and say..."HE IS A CROOK AND A FRAUD....

I'm sure glad I'm self reliant...

NOBAMA.....NEVER!!!

p.s. anyone seen a REAL birth certificate yet??? I hear Clarence Thomas is looking for it.....

I'm glad our illustrious president made it a point to go to Peru this week. It's good to know he's down there reassuring the Peruvian government while our economy continues to run aground back home.

This article is one of the dumbest I have seen in a long time!!!! Like the world is on hold until the God Obama takes over!! The world survived just fine before there was an Obama and will survive long after him.
Newsweek needs to get real!!!! Obama can not solve all the problems in the world, no one could!! All the Media is doing is setting him up for a big fall!! Give Obama a chance to first become president and then try to work on problems. The Media really needs to stop acting like he is a God!!!!

Good question Hirsh. Too bad you blighters are too damned partisan to answer your own question for,one of the people that is most responsibile for ''watching the money''in Congress is the Chairman of the House Ways and Means Commitee,in this case,the re-elected Charlie Rangel [D-NY].
Who is also the subject of no fewer than four separate federal probes investigating income tax evasion and corruption on his portion.[Yet to date,NEWSWEAK has not run even one story on this year-long scandal]. As to Obama,and if he is not to be seen as a one-trick pony,he had better get on top of this thing right now. Merely ''urging''the passage of a package will not get it done. He must formulate specific policies that may run counter to Franks crazy plans [ as,giving the meat of the bailout money only for mortgage protection,will keep Americans in their homes for a time,but will not clothe,feed,or employ them].

Wow, all of you are so quick to attack. I am saying that all Obama can do and the only thing he is good at is speaking and motivating people which I hope will lift confidence. He has never done anything else to prove he can actually execute anything other than a campaign in which he had a perfect storm to take adavantage of. My point is, most people in this country don't understand how severe this crisis is. I am saying that anyone who takes office is not going to fix this problem in one or even a second term. There are going to be businesses failing all over the country, unemployement will reach 8% if not higher, GDP is going to be negative probably through all of 09 if not into 2010 and money is going to become more and more expensive to borrow. My point is Obama is no different than any other politician only he has no experience at all. The only reason we may squeak out of having a worse depression than the 20's is because the governement is acting and throwing money all over the place. All that we are doing is creating BIG government and that in the long run is a problem in that it will limit growth, which in turn creates job loss. I was not a McCain fan either, and Bush is no saint, but Obama is flat out scary. People are thinking he can change the coutnry and the world for that matter and they are wrong. Nobody, including Obama, has yet to explain in detail how they will do anything other than restructuring the auto industry to all alternative energy which is going to be a disaster if you think it can happen as fast as he wants it to.

The stock market is in turmoil because Obama is still being vague on raising taxes on the "rich" and on Capital Gains. His refusal to make a clear statement on these issues is causing investors to take their gains now by selling so their taxable gains will be much lower than in 2009. These investors will (are) also transferring their capital overseas (and job creation with it - with the click of a mouse) because they're concerned that Obama's programs will weaken the dollar's value so much that they'd rather have their money in a stable currency. Who can blame them?

I was not an Obama supporter. The one good thing he can do is give motivatiing speeches and lift spirits. He can lift confidence, (which is amazing to me if you actually listen to the substance of his speeches). My point is we need to raise confidence as that is half the battle we are facing right now. The problem is, his mechanics won't work. His vision for the country and his plan for the economy are simply just that, a vision. Executing his plan will only drive us into a deeper recession or even a deep depression. So as much as I hope he can lift confidence, I only hope he lets those who have actually had a job and worked in their lifetime make the actual decisions and let him just continue to read well written speeches. As far as the markets, they lead themselves for one and two, they look well ahead of current issues. What they are telling you right now is business and the economy are only going to get worse, more jobs will be lost and they are scared of what Obama's agenda might be.