4,000 lobyists and more than $12 billion dollars floating in Washington to stop Obama’s healthcare bill – conservative Democrats rallying for special interests along with the Republicans
Tania Solanki
Jul. 24, 2009

The indications are clear. They want to kill Obama’s healthcare bill. The Clintons watch the show down as the Black President’s will power is challenged by the special interests. A powerful House committee chairman is threatening to force a floor vote to break the impasse on health care overhaul.

4,000 lobbyists and more than $12 billion dollars are floating in Washington to stop Obama’s healthcare bill. The conservative Democrats are rallying for special interests along with the Republicans. It is a shame. But that is American democracy – money has a much larger say than votes of common people who are not the richest! Energy and Commerce Chairman Henry Waxman told media reporters negotiations with fiscally conservative Democrats on his panel cannot go on "interminably" because they would "empower" Republicans and allow the minority party to take control of the panel.

The California Democrat said Friday if he can''t reach agreement with the conservatives, the health care bill would go straight to the floor, and not through his committee.

4,000 lobyists and more than $12 billion dollars floating in Washington to stop Obama’s healthcare bill – conservative Democrats rallying for special interests along with the Republicans
Tania Solanki
The conservative Democrats are rallying for special interests along with the Republicans. It is a shame. But that is American democracy – money has a much larger say than votes of common people who are not the richest!
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Data show German economic recovery fater than US, UK and Japan – Buy Euro sell the dollar, yen and pound
Peter Oberois
German GDP expasion in the coming quarters will far exceed that of contracting GDPs of Japan, UK and US. What does that sound for Euro, yen, sterling and dollar?
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After hours Microsoft slump by 7% Dow reversal imminent – bear market alive and well
Sam Adelton
According to economic think tanks, the bear market is alive and well. The reflex bear rally is finally coming to an end as August-September nears. The Dow can crash in September-October time frame.
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US Depression intensifies - Bank of America Corp., the biggest U.S. lender, faces a 10 percent jump in uncollectible loans to $7.6 billion
Sanla Pau Louiski
Bank of America received $45 billion in U.S. rescue funds plus a U.S. guarantee of $118 billion in assets. But it may not be sufficient to continue the staggering losses for another year.
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U.S. service industries from retailers to homebuilders contracted last month at the slowest pace last month
Peter Oberois
The trend is encouraging but the problem is that it is typical of bear markets and secular longterm economic depressions.
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Chinese economic boom is headed for gloom because it is now based on gains from property and stocks lacking domestic consumer growth
Sam Adelton
China has failed to promote domestic consumption to make up for weak global demand. China has failed to boost domestic consumption by increasing household income and not just through gains from property and stocks.
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India refueses to trust American dollar as the reserve currency – china and Russia push forward the alternative to American financial dominance
Praful Lodha
India is slowly expressing its deep concern over trusting American global financial leadership. India has now joined hands with Russia and China in looking for an alternate to American Dollar as the reserve currency.
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