Wednesday, March 25, 2009

Stocks Dip After Weak Govt. Bond Auction


Via Yahoo Finance

Stocks slide after a weak government bond auction to finance the ever increasing budget deficits, resulting in worries how the government may be able to pay for "Hope-n-Change" grandiose programs.

On Tuesday during the White House Press Conference, Obama flatly rejected the idea of a new global currency, Secretary of Treasury Timmy Geithner said today that the United States may be open to the proposals by China and the Kremlin for a new global currency.

Who is in charge of this Administration, Geithner or Obama ?
Is "Hope-n-Change" nothing but a figure head ?

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