Press Esc to close

Welcome to Money Morning - Only the News You Can Profit From.

Close
  • Five State of the Union Bullet Points You Need to Know Since President Obama's speech Tuesday night, I have read a lot of articles dissecting his remarks and picking his proposals apart. As you might suspect, the vast majority have been politically charged by one side of the aisle or the other.
    As Chief Investment Strategist for Money Map Press, I can't afford the luxury of taking sides. It's my job to help the hundreds of thousands of investors who are part of our "family" keep and grow their money... politics aside.
    That's why I put together these five bullet points - key takeaways, really - from the president's speech that can help you grow your money this year and for the remainder of his second term.
    Take a look... Read More...
  • Minimum Wage Increase: Obama's Proposal and Realities current-minimum-wage

    In his State of the Union address Tuesday night, President Barack Obama urged Congress to raise the minimum wage from $7.25 to $9, saying the move would reduce poverty and stimulate the economy.

    "Tonight, let's declare that in the wealthiest nation on Earth, no one who works full-time should have to live in poverty, and raise the federal minimum wage to $9 an hour," President Obama said. "This single step would raise the incomes of millions of working families. It could mean the difference between groceries or the food bank, rent or eviction, scraping by or finally getting ahead.

    "For businesses across the country, it would mean customers with more money in their pockets. And a whole lot of folks out there would probably need less help from government."

    To continue reading, please click here...

    Read More...
  • State of the Union Speech to Disguise True Obama Agenda People obama_angry

    In his State of the Union speech Tuesday night, U.S. President Barack Obama will risk the ire of Republicans by telling the nation the government needs to spend more money to restore economic prosperity.

    President Obama will spend much of his fifth State of the Union address outlining several new initiatives aimed at bringing relief to middle-class Americans hard hit by the Great Recession, White House officials have told several major news organizations.

    "Our single biggest remaining challenge is to get our economy in a place where the middle class is feeling less squeezed, where incomes sustain families," a senior administration official who had seen a draft of the speech told The Washington Post.

    But while the U.S. economy will be the overriding theme of President Obama's State of the Union speech, many of the proposals will not coincidentally advance many of the president's other favorite issues, such as climate change and education.

    According to those who have seen the speech, President Obama is expected to announce initiatives in education, infrastructure, clean energy and manufacturing. White House officials told The New York Times that the cost of these proposals would be offset by savings elsewhere in the budget - or new revenues.

    To continue reading, please click here...

    Read More...
  • The 2012 State of the Union Tax Reforms That Could Affect You U.S. President Barack Obama outlined significant tax reforms in his 2012 State of the Union address Tuesday night. As expected, tax reform was a main theme in the president's speech, mentioned 34 times.

    The White House today (Wednesday) fleshed out in detail the tax reforms aimed to achieve the president's goals of reviving U.S. manufacturing and job creation.

    While some of the reforms received hearty applause from Congress members, many will be heavily battled by policymakers as well as the Republican candidates as the 2012 election heats up.

    2012 State of the Union Tax Reforms The following proposed... Read More...
  • Five Things Obama Didn't Want You to Hear in His State of the Union Seeking to put the best possible spin on his message, President Barack Obama took some liberties with the truth in his State of the Union address.

    Although the president never actually lied, he repeatedly left out facts that contradict his claims of success.

    President Obama hadn't yet left the House chamber when the reality check started. And it didn't take long to find some pretty big the holes in the State of the Union address.

    To continue reading, please click here... Read More...
  • Obama's Trade Enforcement Unit and the Looming Trade War with China U.S. President Barack Obama in Tuesday's State of the Union speech called for the creation of a Trade Enforcement Unit to end unfair practices hindering U.S. trade growth - especially tactics employed by China.

    "I will go anywhere in the world to open new markets for American products," the president said in his annual address to the nation. "And I will not stand by when our competitors don't play by the rules."

    President Obama hopes this new initiative will help bolster a U.S.... Read More...
  • Restoring the Dream: State of the Union Pitches an Economy "Built to Last" In a speech before the nation last night, President Obama's State of the Union Address spoke of a new American economy that is "built to last."

    Of course, in the wake of the dot com bubble, the subprime mortgage fiasco and the funny money of the last decade, that's certainly an objective all of us can heartily agree with.

    The American Dream is in need of repair.

    The good news is that with one exception the President's State of the Union Address did outlined some useful steps that could be taken to help boost the economic recovery.

    Naturally though, I think the details could use a little tweaking!

    The Worthy Goals in the State of the Union Address

    To start off with, the President outlined his primary strategy to help bring manufacturing jobs back to the United States. That's an entirely worthy objective.

    What's more, this goal actually has a decent chance of being met--- at least partially.

    Here's why...

    Chinese manufacturing costs have been rising rapidly over last few years, since its workforce is now demanding a larger share of the profits in the country's new found prosperity.

    Also the President was correct when he claimed that there are several intrinsic advantages to manufacturing here in the states. As a result, the cost equation has been swinging pretty rapidly in favor of bringing manufacturing jobs back home.

    His example of the Master Lock plant in Milwaukee running at full capacity for the first time in fifteen years is just part of a greater trend.

    The President's proposal to lower corporate tax rates, while eliminating the loopholes that allow companies like General Electric to pay almost no U.S. taxes, will also undoubtedly help to bring even more manufacturing jobs back home.

    Not only is this sensible, the President's proposal is politically clever as well.

    After all, it's always pretty smart to call for something already starting to happen. That way your success is almost guaranteed!

    Unfortunately, some of the President's other ideas were less satisfying...

    Click here to continue reading...

    Read More...
  • State of the Union Excerpts Outline Speech Focused on Income Inequality, Job Creation According to excerpts released by the White House, U.S. President Barack Obama will deliver an ambitious speech when he addresses the nation at 9 p.m. ET today (Tuesday) in the annual State of the Union. His plans for 2012 will focus on job creation, rebuilding the middle class, U.S. government spending, and tax reform.

    State of the Union 2012: U.S. job creation: Americans will look to the president to shed light on how and when the U.S. economy will see employment growth.

    President Obama's last jobs plan introduced in September... Read More...
  • State of the Union: How to Profit From President Obama's New Clean Energy Challenge In last week's State of the Union address, U.S. President Barack Obama issued a national challenge: Take the 11.5% of the U.S. electricity that emanates from clean-energy sources and boost it to 80% by 2035.

    As with any game-changing direction - landing a man on the moon in a decade, bringing an end to the Cold War, curing cancer, or weaning our economy off of coal and crude oil - leaders such as President Obama provide the enticement.

    But the market has to figure out how to get it done.

    Read More...
  • State of the Union: Why You Should Fear America's "Sputnik Moment" In his State of the Union Address yesterday (Tuesday) evening, U.S. President Barack Obama said the United States is experiencing another "Sputnik moment."

    For a free marketer like myself, that's deeply depressing rhetoric: It reflects the reality that President Obama believes that this crisis - like others that came before it - is best solved by still more government action.

    In short, while President Obama employed the language of bi-partisanship, the picture he painted was that of Big Government digging in. Just like at the time of Sputnik.

    To understand why you should fear this rhetoric, please read on...

    Read More...
  • What Do You Think of President Obama's 2011 State of the Union Address? U.S. President Barack Obama spoke to the country Tuesday night in the annual State of the Union address, an assessment of the nation's biggest issues, and a presentation that is usually draped heavily in rhetoric.

    Before the speech, many analysts were afraid President Obama would make broad optimistic statements – while offering no concrete plans for improvement.

    White House Senior Adviser Valerie Jarrett said Tuesday morning that one of President Obama's main messages would be to highlight the new "bipartisan spirit" in Washington.

    Read More...
  • Money Morning's Keith Fitz-Gerald To Address State of the Union in Second Fox Business Appearance This Week Money Morning Chief Investment Strategist Keith Fitz-Gerald is scheduled to appear today (Wednesday) as a guest on the hour-long Varney & Co. show on Fox Business News.

    On that show, which begins at 9:30 a.m. (EST), Fitz-Gerald is tentatively scheduled to sit in for co-anchor Chris Cotter, and to talk about State of the Union issues with company "co-members" Charlie Payne and Tracy Byrnes. The list of guests is currently scheduled to include:

    Read More...