News in Two: Unemployment Edition

Yesterday, Treasury Secretary Timothy Geithner stated that unemployment “may” (read: will) rise again, which would likely lead to renewed congressional calls for another stimulus package.

With the current unemployment rate hovering somewhere between 9.5 and 10%, we at GGM have to beg the question: rise again, Mr. Geithner? What happened to that assertion that “if we don’t pass this stimulus package, unemployment could rise as high as 8%”?

Welcome back to GGM News and Advice’s Monday News Roundup, where we scour the internet to find news articles and blog posts that are important to small business, sum them up, and then give them our own spin!

NOTE: Due to technical difficulties, this post has been prematurely saved and posted. GGM Small Business News and Advice apologizes for any inconvenience that this may cause. Please check back on Wednesday, March 3rd, 2010 for an update.

There’s been plenty of talk lately – about jobs, about the economy, about rates, debt levels, loans, and anything else the pundits and hacks can latch on to – but in those areas, not really a lot to report on.

Plus, we’re fairly sure that all of our readers will likely lose lunch all over their keyboards if they have to read any more about a “Jobs Bill” or “Healthcare Reform” — and nobody wants to have to buy a new keyboard right now!

So instead of covering the “news” this week, we will instead be bringing you articles that we’ve found that will help you, make you think, or at least not make you want to weep uncontrolably.

Your weekly dose of awesome, after the break.

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Welcome back to GGM News and Advice’s Monday News Roundup, where we scour the internet to find news articles and blog posts that are important to small business, sum them up, and then give them our own spin!

Another week come and gone – man, they seem to fly fast sometimes, don’t they? And what an interesting week it’s been. The white house, reeling from last Tuesday’s election of Republican Scott Brown (R-Mass), seems to be making a push to make job growth and the economy their flagship issue, instead of healthcare, and Federal Reserve chairman Ben Bernanke has found himself embattled, with dire questions looming over the possibility of his upcoming reconfirmation.

All this and more, after the break!

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Pelosi: “In its present form, without any changes, I don’t think it’s possible to pass the Senate bill in the House, I don’t see the votes for it at this time.”

Editor-in-Chief Carter Schimpff

Although many small businesses are clamoring for some sort of health reform – be it enacting the ability to buy insurance across state lines, increasing competition and reducing costs, or developing strong tort reforms – it now appears that the bloated “health reform” bill, different versions of which were passed by the house and the senate, is indefinitely stalled.

To continue, the House and the Senate must reconcile the differences between the two versions of the bill that each passed. And with the election of Senator Brown (R-Mass), the senate no longer has a so-called “supermajority” to filibuster proof their vote on a reconciled bill.

One other option is for Nancy Pelosi (D-Cal) and her House of Representatives to pass the Senate’s version of the bill sight unseen — but she has now admitted that she lacks the support within her own house of congress to pass the bill as is.

Both versions of the bill have been under fire for being bloated, overbearing, and have been supported by smoke-filled back room deals — the most egregious examples being the “Louisiana Purchase” and Ben Nelson’s (D-Neb) “Cornhusker Kickback”. Small businesses across the nation decried the bills, believing that they would cause undue fiscal stress to their already critical bottom lines.

Carter Schimpff is the Editor-in-Chief of GGM News and Advice and is a regular contributor. Responses to his articles can be left in the comments section below. All comments are moderated for spam, but comments contrary to the viewpoints of GGM articles are never censored.

This week’s “Friday Funny” covers the administrations controversial proposals to further regulate and restrict bank activities, crafted by former Federal Reserve official Paul Volcker. For more in-depth coverage on the “Volcker Plan”, view our article.

Every Friday, GGM News and Advice brings you something to lighten the end of your week – Friday Funnies! Check back every Friday for a new comic and fresh laughs.

There's no need to feel like this!

I’m sure you’ve heard of twitter. No, actually, if you’re reading this article, I’ll guarantee that you’ve heard of twitter!

But, have you heard of “tweeple”? “Twitterati”? “Twitterhea”?

If not, never fear. Follow GGM’s carefully honed six-step process, and you’ll never have to figure out why you should cringe at the word “Twitterhea”.

More after the break!

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