Are you prepared for a change in the green?

The Cash For Clunkers Program has been underway for quite some time now and we are discovering interesting things. The car that has benefited from this the most is the Ford Focus. Beyond this, though, Toyota has three cars in the top five traded in.

I’m wondering why we are okay with our government spending our taxes to encourage us to buy foreign cars? I have no problem with people buying a Toyota if that is what they are interested in. What I do have a problem with is my government giving my tax money to people so they can buy foreign cars. We need the money back in our economy.

The state budget in California has been the object of debate for months. The most populous state in the union is looking at a $26 billion deficit. A new budget has been proposed that eliminates the deficit – and many important state programs – including education.

Education spending will be hit hard in this year’s budget cuts. Nine billion dollars of education spending has been cut from the budget. What does this mean for school systems in California? A rough year. With the unemployment rate over 11% and the housing market still in shambles, the Californian economy has had a rough year and state programs will bear the brunt of the budget deficit.

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We’re seeing new components of President Obama’s economy rescue plan put into place daily. One of these, a stress test on the Nation’s largest 19 banks, was recently conducted. The results were supposed to be published today but for whatever reason will now be fully disclosed this Thursday afternoon. Officials conducting the test have given some sneak peeks at the results but are waiting until Thursday for the full disclosure. 

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