Monday, December 13, 2010

No need for more stimulus

According to the New York Times, a poll revealed that most executives in the U.S think there is no need for more stimulus to boost the economy. Most of them are also concerned about the fact that if theFed purchases $600 billion in additional debt will produce inflation and risks that will outweigh its benefits.

"AFP members indicate that they have moderate expectations about business growth in the coming year, but they are tempering their optimism due to concerns about corporate taxes and, indeed, business sentiment in Washington."

So even though executives do not feel so confident about the economy they would rather just wait and see what is going to happen.

Bombs in Sweden could have been more devastating

According to an article by  New York Times, one of the two bombs that exploded two days ago in downtown Stockholm, went off prematurely, which shows the attack could have been worse. The bomber has been identified as Taimour al-Abdaly, a 28-year-old Sunni Muslim whose family moved to Sweden from Baghdad in 1992.

Even though no civilians were killed, it is very disturbing to see how terrorism is spreading all over the world.
In the last year I've heard about so many bombings, or failed attempts it that it made me realize how tragic it is to know that inocent people die all the time in the hands of savages that trying fix things to their convenience make things 10 times worse.

Health Care Law Uncostitutional in Virgina

 A judge in Virginia ruled today that Obama's health care law is uncostitutional, according to an article by the NewYork Times. This is the first time a court in the U.S invalidates any part of the act.
Hudson wrote that the law’s central requirement that most Americans obtain health insurance exceeds the regulatory authority granted to Congress under the Commerce Clause of the Constitution.
 I think it is o.k for people to agree or disagree on this because we can all express our opinions. However I think it is kind of alarming to see a judge trying to invalidate an act that is mostly positive for the country, because some other judges around the country may want to the the same thing and make things more complicated for the government and the people. I think this won't have an important effect on Obama's health care law but I see it more like the judge is trying to make a statement about his oppositon.