I hope the local and national talk show hosts are sitting down: Illegal immigarants would be eligible for U.S. stimulus package, if passed "as is".
Tom Tancredo has just mentioned that he fears non-citizens will get the check, then send the money to their families outside the U.S., which would stimulate another economy, besides U.S.
DEMOCRATS TO END POVERTY -- #1 ISSUE: John Edwards just announced that he spoke with both Barack and Hillary and through them is delivering the message that they are committed to (I thought he was going to say a "clean campaign"); but he continued, to end poverty in the U.S. That gets kinda expensive. The Republicans are probably making the inaugural plans as we speak.
BOND INSURANCE CRISIS TO BRING DOWN THE STOCK MARKET: I've been crying that the sky is gonna be falling when the calendar turns to February over the bond insurance pending crisis. Well word is leaking out to the media, and although the market was up 125 points, after the Fed announced a Wall Street pleasing half a point rate cut (the interest rate banks have to pay to borrow money) -- at 3:15 PM, it started a downward turn, and went south 200 points to close down 37 points for the day. And the downward trend was only "saved by the bell". Reason? News of bond insurer downgrades starting to fly, and word is starting to leak that this could be much worse than anyone has accounted for (publicly). I'm not sure if the newspapers are covering this stuff, but if you are interested in further analysis, it is at StrategyUpdate.com (daily blog link)
Story on CNBC website Wow, did my Batcomputer and Los Angeles street sources call this one!!! I have NO idea how they know these things, when they do...I don't have to, as long as I keep listening -- and keep blogging the news -- without second guessing whether this is going to be the time they are finally wrong.