Politics
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- tommyo0
^^ Wow. That's the first time I've actually read some of the key points of the bill. My favorite:
'Here's another lu-lu: Congress wants to spend $600 million more for the federal government to buy new cars. Uncle Sam already spends $3 billion a year on its fleet of 600,000 vehicles. Congress also wants to spend $7 billion for modernizing federal buildings and facilities. The Smithsonian is targeted to receive $150 million; we love the Smithsonian, too, but this is a job creator?
Another "stimulus" secret is that some $252 billion is for income-transfer payments -- that is, not investments that arguably help everyone, but cash or benefits to individuals for doing nothing at all. There's $81 billion for Medicaid, $36 billion for expanded unemployment benefits, $20 billion for food stamps, and $83 billion for the earned income credit for people who don't pay income tax. While some of that may be justified to help poorer Americans ride out the recession, they aren't job creators.'
I feel like we're click click clicking our way to the top of the roller coaster. I just hope they have one of those cameras that take your picture right at the scariest part!
- ukit0
Who do you think is more likely to spend tommyo?
Give $100 to me, and what will I do with it? Probably nothing, since I already have more than enough and don't need an extra $100.
Give $100 to someone below the poverty line and what will they do with it? They will spend.
They are giving people food stamps because it's a guaranteed way to put money into the economy.
- ukit0
"Study suggests extending unemployment benefits, increasing food stamps fastest ways to stimulate economy."
- GeorgesII0
the setup, for the perfect crime.
http://ftalphaville.ft.com/blog/…
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- ukit0
Favorable Ratings (Approve/ Disapprove)
PRESIDENT OBAMA: 75/ 22
PELOSI: 41/ 38
REID: 34/ 41
McCONNELL: 26/ 46
BOEHNER: 22/ 48
CONGRESSIONAL DEMS: 40/ 52
CONGRESSIONAL GOPS: 24/ 66
DEMOCRATIC PARTY: 56/ 36
REPUBLICAN PARTY: 33/ 58
- Mirpour0
they gotta be kidding first that bitch and now this .....
- So when can we expect the Rush Limbaugh "Steele the Magic Negro" song?TheBIueOne
- robotron3k0
ha! Steele ran as both a democrat and republican in his last election to fool his electoriate....
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400 richest americans getting richer http://www.nytimes.com/2009/01/3…
- lowimpakt0
"Barack Obama yesterday drew a clear line between his presidency and that of George Bush in his support for women's rights, when he signed an equal pay law as his first piece of legislation yesterday."
"" This one's for Lilly." "
"Making our economy work means making sure it works for everyone," Obama said. "That there are no second-class citizens in our workplaces and that it's not just unfair and illegal - but bad for business - to pay someone less because of their gender, age, race, ethnicity, religion or disability."
- TheBlueOne0
"The sun still shines, the grass still grows, we are still human. If we stopped pretending to be puppets of an invisible hand, we would not fret over the loss of the 20th century's strings. We might see that life is sweet."
- ukit0
"McCaskill took to the Senate floor on Friday to put an end to the surrealism. In a bill that came to the surprise of reporters, her colleagues, and the White House alike -- there was no coordination with the Obama administration, she said -- the Missouri Democrat called for compensation for employees of bailout recipients to be capped at $400,000 a year.
"They don't get it," McCaskill said on the floor. "These people are idiots. You can't use taxpayer money to pay out $18-billion in bonuses... What planet are these people on?"
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- BattleAxe0
- He looks highukit
- yeah, and where are his eyebrows?robco
- high on hope. ;)TheBIueOne
- TheBIueOne0
Let the fuckers burn.
"Banks collecting billions of dollars in federal bailout money sought government permission to bring thousands of foreign workers to the U.S. for high-paying jobs, according to an Associated Press review of visa applications.
The dozen banks receiving the biggest rescue packages, totaling more than $150 billion, requested visas for more than 21,800 foreign workers over the past six years for positions that included senior vice presidents, corporate lawyers, junior investment analysts and human resources specialists. The average annual salary for those jobs was $90,721, nearly twice the median income for all American households.
The figures are significant because they show that the bailed-out banks, being kept afloat with U.S. taxpayer money, actively sought to hire foreign workers instead of American workers. As the economic collapse worsened last year — with huge numbers of bank employees laid off — the numbers of visas sought by the dozen banks in AP's analysis increased by nearly one-third, from 3,258 in fiscal 2007 to 4,163 in fiscal 2008."
- thought stealing american tax payers money was bad enough. shit where are these bankers from really?Mirpour
- TheBlueOne0
I'm going to go out on a wee limb here, but I'm going to call it, I'm going to use the D word:
We're really in Global Depression 2.0.
The coming months will, I think prove me right. Hold onto your hats.
- 2.0? lord are we using glossy buttons to describe the depression versions now?zenmasterfoo
- Yes. C'mon keep up with the jargin or you'll be left behind.TheBlueOne
- ukit0
Despite a near collapse that required $45 billion in federal taxpayer bailout funds, Bank of America sponsored a five day carnival-like affair just outside the Super Bowl stadium this past week as President Obama decried wasteful spending on Wall St.
The event – known as the NFL Experience – was 850,000 square feet of sports games and interactive entertainment attractions for football fans and was blanketed in Bank of America logos and marketing calls to sign up for football-themed banking products.
The bank staunchly defended its sponsorship, saying it was a "business proposition" and part of its "growth strategy."
- you know how many designers that employed in NY and LA?!robotron3k
- It's called promotion. Do we want people to stop promoting their businesses? If this were for internal VIPs or something like that I'd be pissed.Josev
- like that I'd be pissed off.Josev
- GeorgesII0
this is worth 5 min of your life
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Global recession - where did all the money go?http://www.guardian.co.uk/busine…
----------------------------- << Pretty interesting. So in essence the world should have remained a bit conservative as far as banking goes and stucktommyo
- to the gold standard? Seems like the exotic banking practices are what created the liabilities. i.e. less capital, more debt.tommyo
- i.e. http://www.youtube.c…tommyo
- nixon broke the gold standardlowimpakt
- *bangs head on wall with gold standard crapTheBlueOne
- *bangs head on wall with modern bankingtommyo
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Barry Obuster in a fake.
- Thank you for the finely thought out and argued contribution.TheBlueOne
- hahahaawaterhouse
- And amazing how you're blaming a global crisis years in the making on the guy who's in office for less than two weeks.TheBlueOne
