August 1. 2009

Video: Market Update 7/31/09: GDP Contracts 1% - Forbes

Many outlets are interpreting the latest financial data for the U.S. economy differently, but one thing is certain, the nation still sits in a serious financial rut that over-spending shall only exacerbate.

Obama's healthcare bill received a lot of press this week, but I am not convinced of its effectiveness, due to the fact, there are over 300,000,000 people in America and to provide healthcare for everyone, will accumulate a significant amount of debt that will not be offset, in the manner in which the initiative is being undertaken.

However, as they are responsible for the nation, it is the administration's prerogative to try, but this measure will break the bank in its current form.