TUESDAY JANUARY 26, 2010

Do these guys talk to each other? Part II

The word out of Washington continues to send mix messages to the market.  Today, President Obama announced a plan to freeze spending in certain non-defense, non-entitlement spending.  The administration is clearly trying to send the message ahead of the State of the Union speech that it understands the public's concerned about spending levels.  They believe this policy will save $250 billion over ten years.  Good for them!  Meanwhile, over in the Senate, the majority announced that they are considering another $80 billion in a new stimulus plan.  So which is it?  Deficit hawk or free spender?  Do these guys talk to each other?  Should the market be encouraged by the White House's new found fiscal discipline or be scared by the prospect of yet another Stimulus plan? 

POSTED AT 1899-12-30 16:01:00.0

KEN ENTENMANN, CFA
SENIOR VICE PRESIDENT AND
THE DIRECTOR OF INVESTMENT MANAGEMENT SERVICES

Ken is a Senior Vice President and the Director of the Trust and Investment Services at Alliance Bank, N.A. He has 23 years of investment experience and oversees the management of assets totaling $1 billion. He holds a B.S. in Applied Economics and Business Management from Cornell University and an M.B.A. from the William E. Simon Graduate School of Business Administration at the University of Rochester. He has also earned his Chartered Financial Analyst designation. He is a member of the Executive Committee of the Trust Division of the New York Banker's Association. He is also a director of the Central New York Community Foundation.

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