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The Economy Watch
February 5, 2009
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The tumultuous economy is a major issue these days, as everyone is well aware. Every day there are new developments and comments on the situation from a variety of perspectives. Much of the discussion focuses on a stimulus program currently being debated in Congress.
Bannon & Co. monitors what is going on in various media in efforts to best serve our clients. It occurred to us that not everyone has the time to follow the economic news as they would like. So we offer these links as to what strikes us as important and interesting perspectives as the Senate deliberates the program.
Bill Bannon
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Stimulus Bill Gets Housing Tax Perk
Seeking to jump-start the housing market, the Senate added new tax relief for homebuyers to its $900 billion economic stimulus bill yesterday as the legislation moved toward a final vote is discussed in this piece from the Washington Post.
Scrutiny of Bankers' Perks Will Grow, Too
In announcing a salary cap on Wednesday for some institutions receiving government financial aid, President Obama also called for greater corporate review of "excessive or luxury items" for executives in this New York Times article.
An Ode to the Stimulus Bill
"If you're walking around and happen to see a very large but very battered stimulus bill hobbling by, give it a pat on the back. It's been Ponged within an inch of its life" concludes Gail Collins in today's New York Times.
More Call for Probe on Financial Crisis
According to this Wall Street Journal article, "Demand is growing in both parties in Congress for an investigation of the causes of the nation's financial crisis, with many members calling for an independent commission modeled after the one that investigated the Sept. 11, 2001, terrorist attacks."
GOP Wields More Influence Over the Stimulus Bill
Republicans are exercising increasing influence over President Barack Obama's economic-stimulus plan in the Senate, with Maine Sen. Susan Collins emerging as a leader of efforts to trim the initiative and sharpen its focus on job creation, as reported by the Wall Street Journal.
Housing Fix? Republicans Push For 4 Percent Loans
This piece from NPR says "as the federal stimulus bill takes shape, Republican lawmakers are pushing for the government to drive down rates for home loans to historic lows." There is also a podcast if you would like to listen to it.
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A Consumer Sentiment Study was conducted in November 2008, to see how the economy was effecting neighborhood areas served by several community financial institutions by Bannon & Co. Another study is being planned soon after the Stimulus Program is passed by Congress and signed into law to see if consumers' opinions have changed.
Click here for more information on how a Consumer Sentiment Study in neighborhoods served by your institution can provide key information to refine marketing strategies.
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Contact Information
Phone: 978.443.1830
Online: Bannon & Co. Website |
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