New York Times:
Unemployment is rising. Foreclosures are surging. Lending is still constrained. So why exactly is the Obama administration waiting to act?
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In order to inflate their profit margins companies outsource jobs to China where workers are treated like f i l t h. And the GOP is asking why the American worker can't compete with that. Race to the bottom is the only answer they have. Corporations paying 0 taxes and workers making next to nothing working 80 hours a week with no benefits. If a worker wants benefits, he/she needs to go to the market and pay the inflated rates that are set to meet wall street expectations. Don't expect any payout if you need it though.
and then we workers have to bail them out lol
Obama said he will own the economy so the trillions thrown at it has confidence building.
Jobs will start growing towards the end of the year like they said.
Too bad the rest of America doesn't share your optimism.
Why are they waiting to Act? Cause they don't have a clue and don't know what the .uck to do.
Well after reading all the "blue chip" indicators, as Biden so aptly pointed out, it appears it is much worse than they thought.
and bush did .lol
Welcome to the Service Economy - the economy driven by people who make burgers for each other and flip houses to each other on the side. Oh and the giant casino called Wall Street where millions are made on bogus bets.
and to think the reason I went to college was cuz I hated flipping burgers! G-d must hate me
Spinns17, I don't get it. Was the link you provide intended to keep America ignorant?
to show us what they think lol.there was more to it .it didnt come up on it tho .
You want to get an objective source?
i am sure we won't see a bottom for 5-6 years. what that means is the collapse of state funds will get worse, leading to more teacher lay-offs and cutting into police and fire. the bread and butter jobs will not become lean they will diminish greatly. catastrophe will bring change. not much else will.
The Feds just cut 18 million more out of school programs for special funding in AZ.
We just got the news this week.
But don't worry the public employee pension plans will all stay intact!
Thunderclap wrote:
“The Bush tax cuts starved the federal government of the funds necessary to do its job.”
The Bush Recovery act was in 2003. Not only did it reversed the decline in tax revenues it dramatically increased revenues from $1.8 trillion to $2.5 trillion.
Total Federal Tax Receipts by year.
2001 $1,991
2002 $1,853
2003 $1,782
2004 $1,880
2005 $2,153
2006 $2,407
2007 $2,568
2008 $2,524
Why does ThunderClap ignore facts and make up facts?
he always does that .....he lives in some kind of warped reality ...
he denies everything even if its written in stone ....i try to igniore him ..
his insults and ignorance are pathetic
Without comment or ceremony, President Bush on Tuesday signed a bill allowing a record $984 billion increase in the amount the federal government can borrow, to a record $7.4 trillion.
The increased federal borrowing will enable the government to pay for the $350 billion economic stimulus package that the GOP-led Congress passed last week at Bush's behest.
Bush will hold a signing ceremony at the White House on Wednesday to celebrate passage of that legislation, White House spokesman Ari Fleischer announced. The package includes $330 billion in tax cuts and $20 billion in aid for states.
Passage of the bill raising the nation's debt ceiling came last Friday, only hours after the tax-cut bill was approved. Congressional Democrats had sought to spotlight the federal IOUs that have resumed piling up under President Bush.
http://www.commondreams.org/headlines03/0527-11.htm
I admire you for trying but perfect nonsense is a tr0ll.
He spent 3 trillion in Iraq and lost trillions on mismanaged programs that did nothing to make this a better, stronger country.
Gee I don't see a link to any of this data. You must have made it up.
Typical liberal ... always looking for a handout.
Here ya go ... http://www.cbo.gov/budget/historical.shtml
GOOD BYE REPUKE PARTY .THANK YOU MR BUSH
and Good Riddance!
There have been some questions above about the economy under Reagan and tax cuts in general. Well, here are the numbers. Please note the tax revenue figures especially .... (1981 vs 1989)
Unemployment - 7.7% to 5.3% (31% decrease) (65% basal corrected)
Interest rates (prime) - 20% to 11% (45% decrease)
Inflation - 10.4% to 4.8% (54% decrease)
Federal tax revenues - $599 B to $991 B (65% increase)
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet
http://www.moneycafe.com/library/primeratehistory.htm
http://inflationdata.com/inflation/Inflation_Rate/HistoricalInflation.aspx?dsInflation_currentPage=1
http://www.cbo.gov/budget/historical.shtml
... not too shabby, Gipper, not too shabby at all.
Iran/Contra
Bailed out Social Security (hundreds of millions of dollars)
Alzheimer's
Of course the economy prospered under Reagan - his massive federal spending surpassed anything up to that time.
New Main.
Bet you can't guess the topic?
Palin is getting a divorce?
No, but her 18th ethics charge is right below it.
Color-coded
Color
Coded
When are people going to realize that this is a long term event? It took decades to get into this mess so it will take awhile to get out.
When are people going to wake up to the fact that the "new normal" will be much different from that which many have become accustomed to? Our materialistic consumerism is not sustainable and MUST go away.
When are people going to realize that counting on the same gov't that allowed all this mess to happen to swoop in and clean it all up is an exercise in futility?
If we want "trickle down economics" to end, then we must control the cashflow as much as possible at the "local" level. Stop giving the corporateprof!twh0res our money and we won't have to wait for their trickle.
Bar ry has already surpassed Jimmah Cawtuh's unemployment numbers.
Does he have a shot at the inflation number as well?
Should I refinance before he exceeds the interest rate number?
ha ?
How many mortgages do you have on your pappy's moonshinecabin?
BitterBetty's doublewide is almost paid for.
Barry..... Oh, that's right Manilow. Wrong site. He still has room for people in his fan club. Go join. He's waiting for you!
So I see that blame 8 years of Dubya and 30 years of Rushpublican rule onto Obama is your ONLY weapon. It must be sad to be a member of the "Party of Personal Responsiblity" these days, when all you do anymore is project
Under Bush the wealthy got wealthier, the middle class stagnated and declined, and the poor, well they stood no chance at all.
I blame Bush for treating this country as a personal investment that increased his checking account balance while stripping the people of their security.
I'll blame Obama when and if he earns it.
But I will always blame Pubs for the high price of tinfoil and tea.
"But I will always blame Pubs for the high price of tinfoil and tea."
ROFL!!
Aw, c'mon the woo-woos occupy both sides of the aisle. Thus, causing rising tin foil prices.
Hear - Hear! Couldn't agree with you more. Except I want to add... Dar.th Chain was the mastermind. Lock up the S.O.B!
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Posted: 07-15-09 01:06 AM