Showing posts tagged congress

Fed Chairman Makes No Mention Of New Stimulus

Ben Bernanke, testified before congress, stating that he is prepared to take some unspecified action but has given no indication that he is going to do anything. The stock markets reacted by heading into the positive, up over 100 points during Bernanke’s testimony. Perhaps this market is referring to the stimulus firmly announced by China. Maybe China’s stimulus is more important to our market then the ambivalent statements from Ben Bernanke. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox Business’ Varney & Company to discuss the state of the economy and what Ben Bernanke may or may not do about it, or what President Obama can and cannot do about it.


Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
 
Original Article

Congress Opposing Obama Plan To Ban “Buy American”

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President Obama says that reviving American manufacturing is the key to our economic recovery, there are those in Congress that are saying no to a plan by the administration that would eliminate the “buy american” policy in federal contracts. A group of 69 lawmakers sent the President a letter urging him to reconsider the move. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to discuss what exactly is the “buy American” policy and what is the impact of this move by the President.

Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.

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Breaking Down Obama’s Plan To Boost US Housing Market

President Obama has laid out a plan to help all the struggling home owners whose mortgages are underwater. This group represent the folks that owe more than their house is worth now. If this passes congress will this really help? Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News Take Charge Consumer Protection segment to examine if this plan will work and who will it help.


Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.

The Silver Lining

Is there a silver lining in all this stock market chaos? In the midst of all this market destruction there is a realignment taking place that is not all that bad. In fact a lot of it is quite good. To the contrary there is nothing good about losing money in your 401k, but what is happening in the economy right now parallels the changes that are going on in politics. What appears to be happening is a decentralization of power, from the well connected insiders to the small independent outsider. The well connected corporate insiders, those that have been gorging themselves on bailouts and special deals, are losing power and capital, while the majority of the small unincorporated business are getting ready to take off.

In all of this, the Tea Party and Congress have pledged themselves to end the bailouts to the big guys while making life easier for the small entrepreneurs. While the small business are the ones that are doing most of the hiring in this country, life is still very tough for small businesses. However, the President appears to still favor his corporate fat cat friends who are hooked on the idea that corporate statism or state corporatism is the best way to manipulate the economy.

It is these ideas that will have to change and may be in the process of doing so. Particularly since Obama's manipulations have failed to produce the jobs and growth that he promised. So as bad as things are in the economy and the stock markets around the world, could we be on the verge of an economic renascence of sorts in this country? Only time will tell.