Obama

Economies develop and move forward under almost any conditions. Mankind can adapt, survive and even make a living in the totalitarian economies of Chavez and Castro to the laissez-faire, free market economies of Canada and Hong Kong. In a manner of speaking, free market is alive and well wherever people live. Sometimes it is a [...]

One of the leading news this week is about the health care reform that President Obama is trying to push forward. The overhaul is estimated to cost somewhere around $1 trillion dollars over the next 10 years. Sounds like a big number, but when you consider the 42 million uninsured Americans, the price tag becomes [...]

The mortgage market was in doldrums following the subprime mortgage crisis. More and more borrowers were defaulting on their mortgage payments due to the liquidity crunch. Such was the condition of the mortgage market in United States that the government had to intervene and rescue the mortgage market from further upheavals. To address the needs [...]

Despite the rise in unemployment rate and many states are extending their unemployment benefits, there will be no second stimulus checks for now. In his weekly radio and Internet address, President Barack Obama dismissed the idea the U.S. might need a second stimulus to pull the economy out of recession and urged Americans to be [...]

The Cash for Clunkers Bill (aka. Gas Guzzler Rebate) entitles you to a $3,500 or $4,500 credit for trading a drivable car made within the last 25 years, with a combined city/highway fuel economy rating of 18 mpg or less to a new higher fuel efficiency car. If the mileage improvement is 4 mpg or [...]

Happy Mother’s Day everyone! I just want to wish everyone, especially all the moms out there a happy day. This week, Moolanomy was featured on The Kirk Report, Mainstreet.com, and WSJ The Wallet — please be sure to give these sites a visit.
Also, if you have been reading Moolanomy through feed reader or email, please [...]

This year, President Obama introduced the Making Home Affordable program to help homeowners to keep their homes by making mortgage payments affordable. The plan affects about 7 to 9 million people, and you can use the self-assessment tools to see if you’re eligible. When you visit the tool, you’ll notice that there are two options: [...]

These past weeks, my family and I have been shopping for a minivan to accommodate our extended family of 7 — and finally replacing our 11 years old Ford Contour. The experience left me wondering if the auto industry really needs the bail out money at all. If I have to judge by how some [...]

I am finally done with my tax returns, and my parents too, but haven’t send them in yet because I like to print them out and go over everything one more time. There’s something about computer screen that doesn’t lend itself to careful error checking.
As per my earlier review of TurboTax, I decided to prepare [...]

I wrote about Dave Ramsey’s Baby Step 6: Pay Off Home Early about a year ago, and I’d like to revisit the question of “Should you pay off your mortgage early?” in light of today’s economic crisis.
In the Dave Ramsey article, I examined both the advantages and disadvantages of paying off your home loan early, [...]