Tuesday, March 3, 2009

What's On The Tom Sullivan Show 3-03-09

Defending the Budget

Today Fed Chief Bernanke, OMB Dir. Orszag and Treasury Secy. Geithner are defending President Obama's budget proposal.  How will the market respond to their testimony today on Capitol Hill?  Tom will break it down.



PR Ploy?

Citigroup has announced a plan to help unemployed homeowners make lower payments on their mortgages.  But can a 3-month reduction in payments really make a difference, or is this just an effort to garner some good PR?  Plus, will TALF actually help thaw the credit market?



"Sin Tax" Solution

Several states are now considering raising taxes on alcohol, cigarettes and porn and loosening gambling laws in order to bring in more revenue.  Are you willing to pay "sin taxes" to stimulate the economy?