There’s an ill wind blowing, both from the from the clean-energy program from last year’s Stimulus and from some of Obama’s erstwhile Democrats in the Senate. It’s carrying the wreak of failure and internal dissent straight into the face of President Obama and his Treasury Secretary, Timothy Geithner. It seems that the renewable energy grants included in the Stimulus are stimulating other countries’ economies instead America’s and various Democrats in the... Full Story

"Cash for Clunkers" kicks off today, July 24th. Although nicknamed "Cash for Clunkers," it is officially named the Car Allowance Rebate System (CARS, no!). While billed more as an environmental program, it's also hoped it will be prove to be a stimulus for car dealers.The official website for "Cash for Clunkers" is at http://www.cars.gov/. While the program kicks off today, the site itself says rebates won't start until July 27th, which would be Monday. Still, car dealers have said they... Full Story

Washington Dc, USA (AP) - Vice President Joe Biden is warning that if states don't use federal stimulus money as intended, the Obama administration may take the money back or mount a public campaign to embarrass them. Biden, appearing Wednesday on ABC's "Good Morning America," will be overseeing implementation of President Barack Obama's $787 billion stimulus plan. Biden says the money "cannot be squandered" and warns that states will be held accountable for what they do with the... Full Story

USA, New York The US economy shrank by 3.8% in the last quarter and is supposed to continue the downward trail. This is primarily attributed to one of the worst consumer spending since World War II.  The expected number was higher than 3.8%, but due to increase in inventories (due to unsold products), the number wasn't that bad. Though if you take into account for the unsold inventory, the number is supposed to be 5.1%. With record job losses, sales drops and profit declines, the trend is not... Full Story