ECON National Debt tops $40 Trillion

Plain Jane said:
By 2008 they knew what the problem was. Gutting Glass-Steagall Act. But then they only made things worse with Dodd-Frank. Private equity and credit got a big boost from that and they are now a major weakness.

I remember watching FDIC Chair, Sheila Bair (R) who was giving her final testimony to Congress. She pretty much made it clear that the problems were not solved and she was disappointed that even her own party hadn't supported her recommendations. And they hung their heads a bit in shame.
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(Democrats) "never let a crisis (of their making) go to waste."

Never let a good economic crisis go to waste, it's an opportunity to have a positive impact on climate change and energy security whatever socialist agenda you need to get done. Hillary Clinton and Rahm Emanuel
RT 22min
https://twitter.com/x/status/1698012999066284471
View: https://twitter.com/FreeThinkerFit/status/1698012999066284471
 
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I'm not advocating this, just wondering.
What if the U.S. quietly and quickly bought up thousands of tons of gold, told whoever we owed the interest to, xin-loi we're on the gold standard now and the old currency is defunct, dead and gone. It's worth less than the Zimbabwe dollars were.

Eh, probably start world war one hundred eleven (WW III).

Boy, would heads explode all over the world and here.
 
King Samson said:
Who spends more?

View attachment 617245

View attachment 617246

www.us-debt-clock.com

U.S. National Debt by President — Who Added the Most?

Complete breakdown of U.S. national debt by president. See how much debt each president added from Nixon to the current Trump term, with percentage increases. Free CSV download.
www.us-debt-clock.com www.us-debt-clock.com
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It doesn't matter. They are all one big cabal. Their name? The UNIPARTY. Dems..
Republicans..even independents...are eating from the same slop infested trough..Oink ...oink...oink
 
Who spends more...

index.php

index.php

vector7 said:
From @Ragnarok's post above

USA Budget Deficit Recap with Notes:

2000: +$236 billion Clinton kills the 1933 Glass-Steagall Act to setup the 2008 Banking crisis, The US National Debt is $5.6tln
2001: +$128 billion Bush-911
2002: $158 billion Bush-Begins calling out for oversight on Fannie Mae, WOT begins
2003: $378 billion Bush-Declares War on Iraq, Proposes creating a new agency within the Treasury Department to oversee Fannie Mae and Freddie Mac but...Barney Frank the leading Democrat on the House Financial Services Committee overseeing Fannie Mae and Freddie Mac down plays the crisis and pushes back on any new Administration attempts for oversight
2004: $413 billion Bush-Samuel Bodman, testifying before the House Financial Services Subcommittee, reiterated the administration’s concerns about systemic risks posed by Fannie Mae and Freddie Mac
2005: $318 billion Bush-Katrina, Treasury Secretary John Snow testified before the House Financial Services Committee, warning that events since 2003 (including Fannie Mae’s accounting issues) reinforced the need for reform
2006: $248 billion Bush-Democrats takes back Congress
2007: $161 billion Bush-Called for Congress to reform the GSEs before they expanded further into the mortgage market
2008: $459 billion Bush-Clinton's Housing Crisis unravels, The US National Debt is $10.3tln
2009: $1.41 trillion Obama-Fundamental Transformation of the US begins, Ramp up of more Refugee importations begin
2010: $1.29 trillion Obama-Government take over of Healthcare (ACA), Arab Spring begins
2011: $1.30 trillion Obama-Presidential Task Force takes over the Auto Industry
2012: $1.07 trillion Obama-Benghazi
2013: $680 billion Obama- Ferguson, The Rise of ISIL-ISIS
2014: $485 billion Obama-Paris Climate Change Accords, Nuclear deal with Iran, Ukraine Maidan Coup
2015: $442 billion Obama-GOP takes back Congress, Paris Climate Change, Nuclear deal with Iran, Gun Control Attempts
2016: $585 billion Obama-The US National Debt is $19.5tln
2017: $665 billion Trump 1.0-Tax Cut Bill, Roll-back of drilling regulations, Withdrawal from Paris climate deal
2018: $779 billion Trump 1.0-Restricts Foreign Refugees, Calls to end chain migration, Dissolves the Iran Nuclear Deal
2019: $984 billion Trump 1.0-DNC takes back House, Impeachment hearings begin
2020: $3.13 trillion Trump 1.0-Soleimani drone strike, Abraham Accords, DS/DNC unleash the Color Revolution and Plandemic shutdowns costing $4.2tln....raising the US National Debt to $26.9tln
2021: $2.77 trillion Biden/Obama-Begin to finish the Fundamental Transformation of the US, Afghanistan disastrous withdraw
2022: $1.38 trillion Biden/Obama-Inflation Reduction Act, FTX major DNC donor collapsed, Russia invades Ukraine
2023: $1.70 trillion Biden/Obama-Debt Ceiling Reached, October 7 Terror Attack on Israel
2024: $1.83 trillion Biden/Obama-Hunter Biden found guilty, Lawfare & 2 Assignation attempts on Trump's life. GOP takes back Congress, Biden pardons his son, family members along with many other top Dem leaders and operatives, The US Nation Debt is $35.5tln
2025: Trump 2.0

USA National Debt Cost Outline by President:

Bush: Added $4.7tln out of $10.5tln debt (2 terms = $587.5bln deficit per year)

Obama: Added $9.2tln out of $19.5tln debt (2 terms = $1.15tln deficit per year)

Trump 1.0: Added *$3.2tln out of $26.9tln debt (1 term = $800bln deficit per year)

Biden: Added $8.6tln out of $35.5tln debt (1 term = $2.15tln deficit per year)

Obama and Biden Total: Added $17.8tln out of the $35.5tln US National Debt. (3 terms = $1.48tln deficit per year)

Barrack Obama and Joe Biden alone have added over 50% of the US National Debt at $35.5 Trillion Dollars. By design, Americans are facing a Cloward and Piven scenario by putting our US National Debt and Inflation in nearly unrecoverable territory.

*Some might say lowering Trump 1.0 overall debt numbers to $3.2tln is not fair, well that's on the Democrats...

Trump 1.0: Overall debt was $7.4tln. An average Trump 1.0 deficit year was 800bln. A normal 2020 budget average was estimated at $800bln, coming to *$3.2tln out of 26.9tln debt for his first term. The DNC planned Color Revolutions and Plandemic stunt cost taxpayers an extra *$4.2tln, where the DNC changed voting laws with the mandatory shutdowns to fortify the 2020 election. So, without the DNC election year Chaos Coup, Trump would've only added $3.2tln out of 7.4tln for his first term.

*The Godfather of the DNC George Soros forecasted their COUP plans to cause as much chaos as possible to fortify the 2020 election, to win at any cost... George Soros in January 2020: "His (Trump) problem is that the elections are still 10 months away, and in a [revolutionary situation], that's a lifetime".
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Why do you disregard the $9 trillion in debt from Trump's policies of his first term?
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vector7 said:
I'm glad you brought that up.

The US national debt at the end of the fiscal year in 2020 was $26,945 trillion. This was a result of the COVID-19 plandemic and Color Revolution leading up to the election that year.

In 2020, the US national debt increased by more than $4 trillion through excessive Democrat shutdowns and fraudulent handling of PPP and the planned Color Revolutions backed by the Democrats across America.

Without the Democrats sabotage activities Trump would've only added $3.2tln out of 7.4tln for his first term.
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Personally, I think most everyone knows where and how this all ends, but those in power just can't say the quiet part out loud. Even most average Joe's/Jane's prefer to remain in denial and continue with their daily lives in hopes the inevitable, somehow, someway, just never arrives. Kinda' like the band playing on the USS Titanic.
 
AI generated:

$40 trillion is a number so vast it exceeds the combined worth of every single-family home in the United States. If stacked in $1 bills, the pile would stretch all the way around the sun, while a stack of $100 bills would fill more than 37 NFL stadiums to the brim.

Economic Scale represents the debt as roughly $117,000 for every man, woman, and child in America, or over $300,000 per household.

Visual Comparisons help illustrate the magnitude of this milestone:
  • Cash Stacks: $1 trillion in $100 bills stands 631 miles high; $40 trillion would be 25,240 miles high.
1787249609779.png

1787249564078.png
 
vector7 said:
Who spends more...
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Without the Democrats sabotage activities Trump would've only added $3.2tln out of 7.4tln for his first term.
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Just coming to post that... and this comes from Leftie, Liberal USAToday... so even they admit where the problem was...

....."Public debt rose by $7.8 trillion during Trump's first term, with more than half of it accumulating during the pandemic response over his last nine months in office."...

...."The federal government's IOU has now more than doubled in less than a decade, from $19.95 trillion when President Donald Trump was sworn in for the first time in January 2017. Roughly one-third of that increase occurred during two years of frantic government borrowing to fund the COVID-19 pandemic responses undertaken by Trump and former President Joe Biden, while the fiscal policy choices of both presidents combined with long-running tax-and-spending imbalances to account for the rest."...

www.usatoday.com

US national debt surpasses $40T after doubling under Trump and Biden

Total U.S. debt has topped $40 trillion for the first time, the Treasury Department said, drawing fresh warnings that a fiscal crisis is brewing.
www.usatoday.com

Biden and his Congress had a chance to reduce that ramp in spending, during Covid, that went from around $5T to $7T... but didn't.. Biden and crew continued to spend at those levels his WHOLE term, like drunken sailors...
 
Hfcomms said:
In the end does it matter? We are screwed regardless of who added more debt. They all did it and added to it…every single one of them. And this latest (unnecessary) war is adding hundreds of billions and counting. President Trump is hardly into austerity.
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You think that but, Republicans in the mid 90s did balance the budget and created surpluses for 1998 1999 2000 and 2001.

surplus.jpg

Bill Clinton would have never balanced the budget with the house and senate. In fact, Hillary made a play to push Socialist Healthcare through and got stopped cold with enough Greatest Generation voters still around.

The next time they had the House and Senate they pushed through Socialist Healthcare as it has been a long term Communist goal. Democrats have not saved a dime since 1969 since they've had the reins. Back then those were entirely different Democrats.

As Nancy Pelosi says: You have to pass the (Multi-trillion Omni-bus) bill to find out what's in it.

Then after USAID, we find out they've been holding power by paying everyone including the media covering for them as they create more crisis to pass more Socialism. They couldn't run a lemonade stand but they are spending 4.7tln dollars and Elon's DOGE found it was going into a black hole.

"@doge uncovered $4.7 trillion in untraceable payments."

Then the DNC/DSA had to start burning down dealerships until the DOGE investigations were stopped.

vector7 said:
Then they had to start burning down Tesla Dealerships from the DNC/DSA/DS Grift being found...

'The Five’ reacts to ‘deranged’ protesters destroying Tesla toy cars (12min)
Mar 31, 2025
View: https://youtu.be/Vy0ahxvpEzY

Elon Musk says it's NOT hard AT ALL to turn off all the fraud but democrats don't want to turn the money laundering off because the illegal immigrants are a money magnet.

Charge everyone involved, with Treason!
RT 3min
https://twitter.com/x/status/2025799731624960461
View: https://twitter.com/LightOnLiberty/status/2025799731624960461

JAW-DROPPING BETRAYAL EXPOSED: The amount of Social Security numbers issued by Democrats to illegals DOUBLED every year

2021 was 270K, 2022 was 590K, 2023 was 964K, and 2024 was 2 MILLION.

They got licenses and taxpayer healthcare.

Elon was right.
RT 1min
https://twitter.com/x/status/2025931570733785405
View: https://fxtwitter.com/i/status/2025931570733785405

Last year the IRS collected 4.7 trillion in taxes.

@doge just uncovered 4.7 trillion in untraceable payments.
https://twitter.com/x/status/1891721271672459585
View: https://fxtwitter.com/mack1412/status/1891721271672459585?s=19

So to put it into perspective the treasury has a whole year of tax revenue just missing.

Every single elected politician should be audited and investigated.

$4.7 TRILLION dollars.

Every. Single. One.

https://twitter.com/x/status/1891708135003336862
View: https://fxtwitter.com/NolaCookPatriot/status/1891708135003336862?s=19

Enraged Protester Decides to Sing a Song He Wrote for Trump and Elon

“Trump is not a king, never turning back…Stop the fascists now.”

A woman then performs the song in sign language to the crowd.

Half are out singing communist chants, the other half are calling for violence.
RT 2min
https://twitter.com/x/status/1891575700773110216
View: https://fxtwitter.com/NorCalMAGAmom/status/1891575700773110216?s=19
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Looking for the articles the media published during Obama and Biden, sounding alarms about the debt...I'm sure I'll find a bunch soon since it's such an important issue...

Note: I'm not pro-debt under any administration, but I rather agree with those who say that ship has sailed and neither side is realistically going to solve anything...
 
The Hammer said:
Note: I'm not pro-debt under any administration, but I rather agree with those who say that ship has sailed and neither side is realistically going to solve anything...
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vector7 said:
There's about 2-3 dozen comprised RINOs and or Moderate Democrats (Uniparty) installed in the Republican seats.

This is why Trump is still struggling to certify and confirm members of his cabinet and Administration nearly 2 years in and they won't pass the Save America Act knowing full well Democrats are cheating, even in their own elections to push through their hand selected candidates.

We are living on borrowed time, the Democrats have now openly endorsed Revolutionary Communists as the their new upcoming Stalins to hold power with Iron Fists.

Many are still in denial as to how late the hour really is. America is in the balances and the handwriting is appearing upon the walls.

The Bill Ayers Communists worshiping Marx, Lenin, Stalin, Mao, Pol Pot, Che, Alinsky are now mainstream Democrats. These Revolutionaries want a Civil War to openly destroy America from within by any means necessary.

The Democrats intend to finish off the Republic in the next 2 election cycles and there is little manifesting to stop them from doing so.
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vector7 said:
You think that but, Republicans in the mid 90s did balance the budget and created surpluses for 1998 1999 2000 and 2001.

View attachment 617259

Bill Clinton would have never balanced the budget with the house and senate. In fact, Hillary made a play to push Socialist Healthcare through and got stopped cold with enough Greatest Generation voters still around.

The next time they had the House and Senate they pushed through Socialist Healthcare as it has been a long term Communist goal. Democrats have not saved a dime since 1969 since they've had the reins. Back then those were entirely different Democrats.

As Nancy Pelosi says: You have to pass the (Multi-trillion Omni-bus) bill to find out what's in it.

Then after USAID, we find out they've been holding power by paying everyone including the media covering for them as they create more crisis to pass more Socialism. They couldn't run a lemonade stand but they are spending 4.7tln dollars and Elon's DOGE found it was going into a black hole.

"@doge uncovered $4.7 trillion in untraceable payments."

Then the DNC/DSA had to start burning down dealerships until the DOGE investigations were stopped.
Click to expand...

So lets say that is accurate. Does it really matter at this point? That is like the captain of the Titanic getting in an argument with the navigator about whose fault it was they hit the iceberg. The ship is sinking, nothing can stop it as it is mathematically impossible to avoid the consequences now. People who won’t be able to buy food, gas, pay their rent or go to the doctor won’t be mollified by figuring out who to blame. More important to figure out individually how we are going to respond to it.
 
vector7 said:
You think that but, Republicans in the mid 90s did balance the budget and created surpluses for 1998 1999 2000 and 2001.

View attachment 617259

Bill Clinton would have never balanced the budget with the house and senate. In fact, Hillary made a play to push Socialist Healthcare through and got stopped cold with enough Greatest Generation voters still around.

The next time they had the House and Senate they pushed through Socialist Healthcare as it has been a long term Communist goal. Democrats have not saved a dime since 1969 since they've had the reins. Back then those were entirely different Democrats.

As Nancy Pelosi says: You have to pass the (Multi-trillion Omni-bus) bill to find out what's in it.

Then after USAID, we find out they've been holding power by paying everyone including the media covering for them as they create more crisis to pass more Socialism. They couldn't run a lemonade stand but they are spending 4.7tln dollars and Elon's DOGE found it was going into a black hole.

"@doge uncovered $4.7 trillion in untraceable payments."

Then the DNC/DSA had to start burning down dealerships until the DOGE investigations were stopped.
Click to expand...
Not quite balanced.
Ai.................
"the balanced federal budget in the late 1990s was influenced by Social Security surpluses, which were used to offset other federal spending. This practice allowed the government to present a balanced budget while effectively borrowing from the Social Security Trust Fund."
 
The Hammer said:
Looking for the articles the media published during Obama and Biden, sounding alarms about the debt...I'm sure I'll find a bunch soon since it's such an important issue...
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This place is a treasure trove of articles...

Garf

ECON Thread 'The Obama-Fannie-Freddie Connection'

The Obama-Fannie-Freddie Connection

http://overthehilloracles.wordpress.com/2008/09/09/the-obama-fannie-freddie-connection/
:smkd:
Obama’s two economic advisors are former Fannie Mae and Freddie Mac CEO’s who may have pulled strings to give Obama a “heads up” on the recent government bail-out plan. Washington Prowler has the story:

When President George W. Bush nominated Henry Paulson to serve as Treasury Secretary, Republicans raised a red flag that Paulson, who, along with his wife, has strong ties to the Democrat party, would not be an honest broker with Republicans...

Kook

ECON Thread 'Barack Obama and the Strategy of Manufactured Crisis'

If you read anything about the credit crunch, read this. I can't put the diagram in here, so visit the link to read and print/share.

God have mercy on us all.

http://www.americanthinker.com/2008/09/barack_obama_and_the_strategy.html

September 28, 2008
Barack Obama and the Strategy of Manufactured Crisis
By James Simpson

America waits with bated breath while Washington struggles to bring the U.S. economy back from the brink of disaster. But many of those same politicians caused the crisis, and if left to their own devices will do so again.


Despite the mass media news blackout, a...

Fisher

ECON Thread 'An Obama Panic? - Markets Fear His Policies'

Charlie Gasparino is my favorite CNBC commentator. He has a lot of common sense.

Fair use
http://www.nypost.com/seven/10132008/postopinion/opedcolumnists/an_obama_panic__133374.htm?page=0

AN OBAMA PANIC?
MARKETS FEAR HIS POLICIES
By CHARLES GASPARINO
October 13, 2008

Barack Obama has re mained cool and confident amid the financial melt down, even as John McCain at times has been embarrassing, lurching from one proposal to the next. But while the polls are reflecting Obama's steady hand, the markets haven't. In fact, they're getting worse by the day as Obama's lead widens...

M

ECON Thread 'Obama tax cut 'refunds' those who don't pay'

Monday, October 13, 2008
Obama tax cut 'refunds' those who don't pay
Donald Lambro (Contact)

Barack Obama says he will give 95 percent of all American workers a tax cut but does not mention that his plan would send checks to tens of millions of tax filers who pay no personal income taxes - payments that critics say look "suspiciously like welfare."

Mr. Obama's campaign promise, which he has repeated in his speeches and in the presidential debates, stems from his "Making Work Pay" tax cut that will give a $500 refundable tax credit to every worker or $1,000 to each working couple. But...

M

ECON Thread 'An Obama 'Rescue' Plan That Doesn't'

An Obama 'Rescue' Plan That Doesn't
By INVESTOR'S BUSINESS DAILY | Posted Monday, October 13, 2008 4:20 PM PT

Election '08: On the eve of a final debate, Barack Obama unveiled an emergency "rescue" of the middle class from capitalism. The details show it to be all hype and no help.




Democratic presidential nominee Barack Obama's announcement in Toledo, Ohio, of a "middle-class rescue plan" is reminiscent of Groucho Marx's means of rescuing the drowning damsel who double-crossed him in the film "Horse Feathers."

"Throw me a lifesaver!" she shouted.

Groucho's character, buffoonish...

Mark Armstrong

ECON Thread 'Billionaire Obama Supporters Tanking Market for Political and Financial Gain?'

http://seekingalpha.com/article/101952-obama-billionaire-supporters-are-causing-market-headwinds

Obama Billionaire Supporters Are Causing Market Headwinds

October 28, 2008

Market turmoil gets Barack Obama elected. He knows this and more importantly, so do his supporters. A survey released by Prince and Associates, shows that 75% of voters worth $1 million to $10 million are favoring John McCain, but of those voters worth more than $30 million, two-thirds support Obama. It's no secret that the majority of uber rich individuals despise the current administration and...

B

ECON Thread 'Obama Didn't Know How To Fix Economy - Per Bill Clinton'

http://elections.foxnews.com/2008/10/30/clinton-suggests-obama-uncertain-economic-crisis/

Bill Clinton: Obama Got Lots of Help on Economic Crisis Response


Barack Obama cultivated the image of a cool and collected leader during the height of the economic crisis last month, when lawmakers on Capitol Hill scrambled to draft a workable bailout package after a meltdown on Wall Street.

And when John McCain suspended his campaign to dive head first into the fray, Obama's campaign accused the Republican of being "unsteady."

But to hear Bill Clinton tell it, the Democratic nominee...

florida panhandle

ECON Thread 'Obama Spreads $667,082 In Berlin,Germany'

http://www.washingtontimes.com/news/2008/oct/31/obama-spent-nearly-700000-for-stage-lights-in-berl/
UPDATE:

Democratic presidential candidate Sen. Barack Obama paid a German company nearly $700,000 for staging, sound and lighting services at the time he delivered a speech this past summer in Berlin and declared himself a "citizen" of both the U.S. and the world.
Click to expand...

S

ECON Thread 'Small Business Owners Response to Obama Tax Increases...'

An email going around, likely contrived, but brought up a good point; If things get tight from an Obama tax increase on small businesses that has some owners then having to cut back, whom to let go?
______________________

Dear Fellow Business Owners,

As the owner of a business who employs 30 people, I have resigned myself
to the fact that Barack Obama will be our next President, and that my taxes
and government fees will go up in a BIG way.

To compensate for these increases, I figure that the Customer will have to
see an increase in my prices to them of about 8%. I will also have...

William

ECON Thread 'Obama May Not Wait for Inauguration to Put His Stamp on Economy'

http://www.bloomberg.com/apps/news?pid=20601068&sid=ajs_5RsdRkI4&refer=home

Obama May Not Wait for Inauguration to Put His Stamp on Economy

By Matthew Benjamin and Rich Miller
Enlarge Image/Details

Nov. 5 (Bloomberg) -- Barack Obama will transform a U.S. economy reeling from the worst financial crisis since the Great Depression -- and he may not wait until Inauguration Day to get started.

He'll get his chance when Congress returns in less than two weeks for a lame-duck session with plans to pass another economic stimulus bill. Such a package would only be a down payment on...

G

ECON Thread 'Obama asks Bush to provide help for automakers'

Obama asks Bush to provide help for automakers
By Jackie Calmes Published: November 11, 2008


WASHINGTON: The struggling auto industry was thrust into the middle of a political standoff between the White House and Democrats on Monday as President-elect Barack Obama urged President George W. Bush to support immediate emergency aid.

Bush indicated at the meeting that he might support some aid and a broader economic stimulus package if Obama and congressional Democrats dropped their opposition to a free-trade agreement with Colombia, a measure for which Bush has long fought, people familiar...

Navydad

ECON Thread 'Oh Boy, OBama announces jobs plan Socialism style'

This is not going to sit well with most of us. Hell Solar Panel Jobs are already going away and this sounds to socialist for me.
Obama Offers Job Creation Plan


By WILL LESTER
, AP
posted: 1 HOUR 5 MINUTES AGO
comments: 602
filed under: National News, Political News, The Obama Presidency


PrintShare
Text SizeAAA



WASHINGTON (Nov. 22) - President-elect Barack...

F

ECON Thread 'Obama trying to spend USA into prosperity'

http://www.google.com/hostednews/ap/article/ALeqM5hEx3tiPJhZQLVqjNmHR_oP6FZMuwD94LEB3O0

Obama names econ team, sees 'historic' crisis

CHICAGO (AP) — With the economy in crisis, President-elect Barack Obama pledged Monday to honor the commitments the outgoing Bush administration has made to rescue financial markets and urged the new, incoming Congress to pass a major stimulus package "right away" to restore growth and create jobs.

"Most experts now believe that we could lose millions of jobs next year," Obama said at a somber news conference 57 days before he...

Desperado

ECON Thread 'Obama Chooses Wall Street Over Main Street'

Obama Chooses Wall Street Over Main Street
Ralph Nader was right in predicting that the same Wall Street hustlers would have a lock on our government no matter which major party won the election. I hate to admit it, since it wasn't that long ago that I heatedly challenged Nader in a debate on this very point.
But how else is one to respond to Barack Obama's picking the very folks who helped get us into this financial mess to now lead us out of it? Watching the president-elect's Monday introduction of his economic team, my brother-in-law Pete said, "You can see the feathers coming out of...

Heliobas Disciple

ECON Thread 'Obama's one-trick wizards: failed financiers run the Obama transition team'

http://www.atimes.com/atimes/Global_Economy/JK25Dj06.html
(fair use applies)

Obama's one-trick wizards
By Spengler
Nov 25, 2008

One wants to ask the Wall Street wizards who comprise the talent pool for the incoming administration, "If you so smart, how come you ain't rich no more?"

Manhattan's toniest private schools, harder to get into than Harvard, quietly are looking for full-tuition pupils now that the children of sacked Wall Street bankers are departing for public schools in cheaper suburbs. Harvard University president Drew Faust has warned of budget...
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G

ECON Thread 'Obama Backs Off Windfall Tax Pledge'

What? Another broken promise. Wow, this guy is a liar about most everything isn't he?

Also: Note to obamma and that idiot Chapman. Corporations don't pay taxes. And what makes you think you get to decide how much $ a business can make?

----------------------------------------
http://www.newsmax.com/insidecover/obama_windfall_tax/2008/12/04/158281.html
Obama Backs Off Windfall Tax Pledge

Thursday, December 4, 2008 4:28 PM


President-elect Barack Obama has backed away from a campaign promise to levy a windfall profits tax on big oil.

Obama spoke about a windfall profits tax...

S

ECON Thread 'Obama unveils 21st Century New Deal'

http://www.politico.com/news/stories/1208/16258.html

Obama unveils 21st Century New Deal

By MIKE ALLEN & JONATHAN MARTIN | 12/6/08 9:30 AM EST


On Saturday, Barack Obama pledged the largest new investment in roads and bridges since President Dwight D. Eisenhower built the Interstate system in the 1950's.


President-elect Barack Obama added sweep and meat to his economic agenda on Saturday, pledging the largest new investment in roads and bridges since President Dwight D. Eisenhower built the Interstate system in the late 1950s, and tying his key initiatives –...

China Connection

ECON Thread 'Obama stimulus could reach $1 trillion: report'

Obama stimulus could reach $1 trillion: report
Sun Dec 14, 2008 6:04pm

http://www.reuters.com/article/newsOne/idUSTRE4BC1PV20081214


14 Dec 2008NEW YORK (Reuters) - President-elect Barack Obama's team is considering a plan to boost the recession-hit U.S. economy that could be far larger than previous estimates and might reach $1 trillion over two years, the Wall Street Journal reported on Saturday.

Obama aides, who were considering a half-trillion dollar package two weeks ago, now consider $600 billion over two years "a very low-end estimate," the newspaper said, citing an...

fruit loop

ECON Thread 'Obama Weighs 850 Billion Economic Jolt'

Well, I like this better than those bailouts. This creates some new jobs instead of granting a bigger budget for corporate parties.

http://www.wral.com/news/political/story/4162676/

Obama team weighs up to $850 billion economic jolt

By JIM KUHNHENN
Associated Press Writer

Posted: Today at 3:16 a.m.
Updated: Today at 7:40 a.m.

WASHINGTON — President-elect Barack Obama is laying the groundwork for a giant economic stimulus package, possibly $850 billion over two years, in his first test of legislative give and take with Congress.

Obama's economic advisers are assembling a...

G

ECON Thread 'Obama says he'll address growing deficit-later'

Obama says he'll address growing deficit-later
From AP/Obamma: http://www.breitbart.com/article.php?id=D955VRFG1&show_article=1

CHICAGO (AP) - President-elect Barack Obama says he knows he'll have an "enormous deficit" to confront once the economy is back on track.
But he says it'll be easier to tackle that deficit when the economy is up and running.

Obama told reporters in Chicago on Friday that every economist he's spoken to has told him that the most important thing to do—even for the deficit—is to fix the economy. Otherwise, he says, the government will have to spend more...

Lostinoz

ECON Thread 'Economy-U.S.: Obama to Inherit Legacy of Free Market Free Fall'

http://www.ipsnews.net/news.asp?idnews=45219

ECONOMY-US: Obama to Inherit Legacy of Free Market Free Fall
By Adrianne Appel

BOSTON, Dec 24 (IPS) - Despite hundreds of billions of dollars thrown at banks large and small, the U.S. economy is in a free fall, just weeks before President-elect Barack Obama takes office, analysts say.

"Most measures of economic and financial activity look like they fell off a cliff in September and October, and have been deteriorating at an alarming rate ever since," says Nariman Behravesh, chief economist at IHS Global Insight.

The bank bailout...

N

ECON Thread 'OBAMA TARGETS MIDDLE CLASS'

http://www.ajc.com/services/content/printedition/2008/12/28/middle.html

OBAMA TARGETS MIDDLE CLASS

New administration will focus on income inequality to reverse the apparent slide at the center of the U.S. wage scale.

By Russell Grantham
The Atlanta Journal-Constitution
Sunday, December 28, 2008


When President-elect Barack Obama put the fate of the middle class at...

Lostinoz

ECON Thread 'Obama Team Polishing Economic Stimulus Measure'

http://www.msnbc.msn.com/id/28316017/

Obama team polishing economic stimulus measure

By ANDREW TAYLOR

updated 5:55 p.m. CT, Fri., Jan. 2, 2009

WASHINGTON - President-elect Barack Obama's transition team is putting the finishing touches on an economic recovery plan that could run from $675 billion to $775 billion.

Briefings for top congressional Democratic officials are likely this weekend or on Monday, a senior transition official said Friday.

Obama is slated to meet Monday with House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid in a Democratic strategy session...

M

ECON Thread 'House plans to fast-track Obama plan'

House plans to fast-track Obama plan
By: Mike Allen
January 3, 2009 07:56 PM EST



obamaspendingImage7.jpg


President-elect Barack Obama’s record-setting stimulus plan — the biggest special spending bill in history — is getting such astonishingly quick treatment from House Democrats that officials say it could go from draft to final passage in one week.

The bill has no text or details yet, but it does have a name: Obama revealed Saturday in his YouTube/radio address that it will be called the “American Recovery and Reinvestment Plan.”...

M

ECON Thread 'Obama to propose huge tax cut'

Obama to propose huge tax cut: Democratic aide
Sun Jan 4, 2009 9:18pm EST
WASHINGTON (Reuters) - President-elect Barack Obama's economic stimulus plan will propose business and middle class tax cuts of about $310 billion dollars, or 40 percent of the package, a senior Democratic aide said on Sunday.

The aide said that Obama plans to discuss the plan on Monday in a meeting with congressional leaders. House of Representatives Speaker Nancy Pelosi is supportive of the proposed tax relief but details have to be worked out, the aide said.

Obama plans to propose a stimulus package of new...

G

ECON Thread 'Obama says economy 'getting worse''

I thought Mr. hope and change was gonna fix all of the nations problems? He is clearly saying that he doesn't have a clue on how to 'fix' the economy and hopes to fall into an idea.

If a Repub had said the same thing, the MSM would rip him up for talking down the economy.

-----------------------

http://www.breitbart.com/article.php?id=D95H67581&show_article=1
Obama says economy 'getting worse'
WASHINGTON (AP) - President-elect Barack Obama describes the economy as "bad and getting worse."
He's been on Capitol Hill today, meeting with House and Senate leaders to talk about...

Lostinoz

ECON Thread 'Obama Plan Would Mean Fatter Paychecks'

http://www.startribune.com/politics...rksLckD8EQDUoaEyqyP4O:DW3ckUiD3aPc:_Yyc:aUUss

Obama plan would mean fatter paychecks
Obama lobbies Congress to pass $300 billion tax cut.

By NEWS SERVICES

Last update: January 5, 2009 - 11:21 PM

WASHINGTON - President-elect Barack Obama plunged into rare pre-inaugural crisis talks with congressional leaders Monday, declaring the national economy was "bad and getting worse" and embracing tax cuts now expected to reach $300 billion.

He immediately set to work reassuring skeptical Republicans, which earned him...

fruit loop

ECON Thread 'Obama Bans Pork From Stimulus Bill'

http://www.msnbc.msn.com/id/28525113/

Video

Obama bans earmarks from economic package
Stimulus plan expected to cost about $775 billion


updated 27 minutes ago
WASHINGTON - President-elect Barack Obama vowed Tuesday to bar lawmakers' pet projects from his massive economic stimulus plan and to bring unprecedented accountability to federal spending.

Even as he promised to fight waste and to make tough budgetary decisions, however, Obama warned that the nation could face trillion-dollar deficits for years go come. Eight years ago the federal budget ran a surplus, and the deficit...

fruit loop

ECON Thread 'Obama: Trillion-Dollar Deficits for "Years"'

http://money.cnn.com/2009/01/06/news/economy/obama_deficit/index.htm?postversion=2009010708

Obama: $1 trillion deficits 'for years'
An expensive economic recovery plan will add to the short-term federal shortfall. But experts warn the bigger problem by far is the long-term picture.

feed://rss.cnn.com/rss/money_news_economy.rss
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close) By Jeanne Sahadi, CNNMoney.com senior writer
Last Updated: January 7, 2009: 8:04 AM ET

Obama: 'Economy badly damaged'

Economy rescue: Adding up the...

JohnSmiles

ECON Thread 'Obama warns of dire straights without another tax bailout'

. . isn't this the same 'trust me or you are all doomed' that they shoveled down our throats for the last one?
The one 95% of Americans opposed?
The one that had the phones 'ringing off the walls' from the People saying 'no'?
'Change' . . . is all we will have left to live on before this is over.
The change in our pockets that is.


:whistle:

China Connection

ECON Thread 'Obama urges massive spending to avert recession'

Obama urges massive spending to avert recession

Video on link:

http://money.ninemsn.com.au/article.aspx?id=716494

US president-elect Barack Obama on Thursday warned that only immediate and massive spending to jolt the world's largest economy could avert a deep recession and double-digit unemployment.

The economic costs of not launching a huge stimulus even in the face of a budget deficit forecast to top $US1 trillion ($A1.41 trillion) this year could be far worse, he said.

"I don't believe it's too late to change course, but it will be if we don't take dramatic action as soon...

U

ECON Thread 'Obama: You Need to Fire Everyone'

Right on, Karl. This is looking like an Alice in Wonderland nightmare occurring in real time. He's seeing increasing criticism for it, too, and his response is to come up with even more outlandish claims.



Obama: You Need To Fire Everyone

..... involved in producing your "American Recovery and Reinvestment Plan".

Why? In "Appendix 1":

"We considered multipliers for the case where the federal funds rate remains constant, rather than the usual case where the Federal Reserve raises the funds rate in response to fiscal expansion, on the grounds that the funds rate is likely...

Lostinoz

ECON Thread 'Bernanke: Obama Stimulus Would Lift Economy'

http://www.google.com/hostednews/ap/article/ALeqM5iqS_93394JV5ar2-Dy469nZhMinQD95MAT5O0

Bernanke: Obama stimulus would lift economy
By JEANNINE AVERSA and JANE WARDELL – 9 minutes ago

LONDON (AP) — U.S. Federal Reserve Chairman Ben Bernanke said Tuesday the stimulus package being crafted by President-elect Barack Obama and Congress could provide a "significant boost" to the sinking economy. But he warned that such a recovery won't last unless other steps are taken to stabilize the shaky financial system.

Although Bernanke has previously endorsed the notion for a fresh round of...

kozanne

ECON Thread '"Rocky Seas for Team Obama"'

Good article, but long. Also, while the article mentions the upcoming confirmation hearing of Eric Holder for AG, the dissension within 0bama's own party over the stimulus plan and the appointment of Panetta as head of the CIA, I wanted to excerpt the section on the stimulus plan specifically.

http://pajamasmedia.com/blog/rocky-seas-for-team-obama/2/

--snip--

A trillion is a lot of money


Even more than a rocky confirmation hearing, President-elect Obama’s fortunes may flounder on the shores of a stimulus package, so vast and so packed with mines that virtually everyone has...
Click to expand...

M

ECON Thread 'The POR (Pelosi-Obama-Reid) Economy: Tanks a Lot'

The POR (Pelosi-Obama-Reid) Economy: Tanks a Lot

Posted By Tom Blumer On January 15, 2009 @ 12:00 am In . Column1 01, . Positioning, Money, Politics, US News | 32 Comments

The country’s gross domestic product [1] contracted for the first time in six years during the final quarter of 2007. After that, a bit of a recovery ensued. While official first-quarter growth was a paltry annualized 0.9%, the second quarter came in at a pretty decent 2.8%. [2] Monthly economic growth estimates from Macroeconomic Advisers (MA) indicate that second-quarter growth was much higher — a stunning 6.4%...

kozanne

ECON Thread '"Obama reminds GOP in stimulus meeting: “I won”"'

Now before the Left side of the board has mini strokes, allow me to say the statement purportedly made by 0bama is just that, purported. What's more important is the fact that this stimulus bill is all but passed, and it will be a Democratic one. Bipartisanship my a**. Read the whole article and tell me how taxpayer funded abortions and contraception stimulate the economy. Strongly suggest you look at the vid on the Hot Air site, which is from CNN:

Obama reminds GOP in stimulus meeting: “I won”
posted at 2:19 pm on January 23, 2009 by Allahpundit
Send to a Friend | Share on...
Click to expand...

T

ECON Thread 'Obama has cornered the Stupid Party. They have no place to go except down.'

http://www.ajc.com/metro/content/metro/stories/2009/01/24/stimulus_georgia_republicans.html

Georgia Republicans against stimulus bill
By JAMIE GUMBRECHT

The Atlanta Journal-Constitution

Saturday, January 24, 2009

A federal economic stimulus package that could help balance the state budget and create jobs in Georgia won’t have the support of Atlanta-area Republicans in Congress.

While they agree the American Recovery and Reinvestment Bill could ease state budget problems, local Republican congressmen argue the stimulus package isn’t good for Georgia or the economy in the long...

kozanne

ECON Thread '"Shocker: McCain might oppose Obama on stimulus"'

http://hotair.com/archives/2009/01/25/shocker-mccain-might-oppose-obama-on-stimulus/?print=1

posted at 3:00 pm on January 25, 2009 by Ed Morrissey
Send to a Friend | Share on Facebook | regular view

John McCain hasn’t exactly demonstrated a desire to lead the GOP after his loss to Barack Obama in November. Indeed, he has shown more interest in scolding Republicans for their opposition to Obama and demanded that the party cooperate with Obama’s new policies and appointees, even where serious ethical questions exist. That makes his sudden opposition to Obama’s stimulus plan...
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G

ECON Thread 'Obama Stimulus Package Really Socialism?'

May be a dupe, if so, sorry.

Obama Stimulus Package Really Socialism?

http://www.foxnews.com/story/0,2933,483345,00.html

Everyone else is talking about what's in the $825 billion stimulus package, but here's the one thing I want to know: How can we let the government get away with calling it a "stimulus" in the first place?

Let's break down the numbers on this with the help of those non-partisan, radical hate-mongers over at the Congressional Budget Office.

According to the CBO, only $26 billion — just over 3 percent — will be spent this year. Another $110 billion —...

jed turtle

ECON Thread 'Obama, ACORN Pressured Banks to Make Unsafe Subprime Loans'

yeah, "old news" but i really think most people miss the fact that Obama was a major instigator of creating the "straw that broke the camel's back".

and then enough illegal voters (thanks again, ACORN) voted to get him into the White House to "fix" the "problem" he helped to create. classic.

Obama, ACORN Pressured Banks to Make Unsafe Subprime Loans
September 29, 2008


RUSH: So what got us here? Well, you can say "white guilt" got us here, political correctness got us here, or a combination of all those things. Democrats' desire to socialize the country got us here...

fruit loop

ECON Thread 'Obama Blasts Bonuses for Struggling Wall Street'

http://politicalticker.blogs.cnn.com/2009/01/29/obama-blasts-bonuses-for-struggling-wall-street/

Obama blasts bonuses for struggling Wall Street
Posted: 04:32 PM ET

President Obama rebuked Wall Street Thursday during a meeting with new Treasury Secretary Timothy Geithner.

WASHINGTON (CNN) — President Barack Obama called the prospect that some of the $700 billion Wall Street bailout could end up paying for bonuses to managers of struggling financial institutions "shameful" Thursday.

Watch: Pres. Obama takes Wall St. to task

New York's state comptroller raised that prospect in a...

fruit loop

ECON Thread 'Obama Promises Lower Mortgage Costs, New Loans'

http://www.wral.com/news/political/story/4441998/

Obama promises lower mortgage costs, new loans

By PHILIP ELLIOTT
Associated Press Writer

Posted: Today at 9:58 a.m.
Updated: Today at 11:19 a.m.

WASHINGTON — President Barack Obama on Saturday promised to lower mortgage costs, offer job-creating loans for small businesses, get credit flowing and rein in free-spending executives as he readies a new road map for spending billions from the second installment of the financial rescue plan.

The White House is deciding how to structure the remaining half of the $700 billion that...

kozanne

ECON Thread '"Obama: We cannot let politics get in the way of passing this crap sandwich"'

The things is, politics WON'T get in the way of passing Crap Sandwich. It's going to pass, the problem is the Dems don't seem to be able to enlist Republicans as their accomplices. 0bama and the Dems are gonna own it, and they have no fallback position for when it fails. 0bama's political career will be OVER if/when it happens. All he's doing now is looking for his own bailout of sorts. Don't underestimate this Chicago lawyer; he knows exactly what's at stake, and his self preservation instincts are kicking into high gear.

View video at link given below...

Cardinal

ECON Thread 'Obama to Issue Executive Pay Limits'

WASHINGTON (AP) - The Obama administration plans to mandate new executive pay limits on Wednesday for government-assisted financial institutions in a new get-tough approach to bankers and Wall Street. "If the taxpayers are helping you, then you've got certain responsibilities to not be living high on the hog," President Barack Obama said in an interview Tuesday with "NBC Nightly News".
The president and members of Congress are weighing various proposals to restrict chief executives' compensation as one of the conditions of receiving help under the $700 billion financial bailout fund...

kozanne

ECON Thread '"Graham Goes Nuclear on Obama Over Stimulus"'

My goodness, did the GOP get all those balls people were sending them from last week? Oh, and with a handy update from the Congressional Budget Office [CBO]. Good video of Senator Graham at the link, too.

http://hotair.com/archives/2009/02/...er-stimulus-scaring-people-is-not-leadership/

Graham goes nuclear on Obama over stimulus:
“Scaring people is not leadership”; Update: Stimulus worse than doing nothing, says CBO

posted at 2:35 pm on February 5, 2009 by Allahpundit
Send to a Friend | Share on Facebook | regular view

In my three years of...
Click to expand...

Seeker

ECON Thread 'Pelosi on Obama: "We Have His Back"'

WILLIAMSBURG, Va. — As whispers of tension between the White House and congressional Democrats cloud negotiations over the stimulus, House Speaker Nancy Pelosi (D-Calif.) reassured her rank and file Thursday that they remain President Barack Obama's "most enthusiastic supporters." "We have his back," Pelosi told a roomful of Democrats at the party's annual retreat at the Kingsmill Resort and Spa, according to people in the room. The speaker also pledged "to work in a bipartisan way" before complaining that Republican ideas "take us in the wrong direction." Her remarks won loud...

Dornroeschen

ECON Thread 'Amid anger, Obama seeks right tone'

Amid anger, Obama seeks right tone
President faces Americans struggling with unemployment, savings losses
ANALYSIS
By Alec MacGillis
The Washington Post
updated 10:49 p.m. MT, Wed., Feb. 4, 2009
President Obama, who swept to the White House on a message of hope and inspiration, is struggling to contend with a different emotion among Americans -- anger.

Livid about their own vanished jobs and decimated retirement accounts, people across the country are being subjected to story after story about the excesses of the wealthy: the $18 billion paid out in Wall Street bonuses last year, the...

Lostinoz

ECON Thread 'Obama Names Advisers To Help Right the Economy'

http://www.google.com/hostednews/ap/article/ALeqM5hEx3tiPJhZQLVqjNmHR_oP6FZMuwD96636TO0

Obama names advisers to help right the economy
By PHILIP ELLIOTT – 34 minutes ago

WASHINGTON (AP) — President Barack Obama is bringing in a team of outside advisers to help steer the economy out of a tailspin, while ridiculing Republicans for clinging to a "losing formula" as the nation plunged to the crisis point.

The president was to name the economic team members Friday as the White House braced for more bad news in the unemployment report for January. Obama planned to use the Economic...

N

ECON Thread 'Next Obama Pick: Penny Pritzker Failed Banker Chicago Favor'

http://larrysinclair-0926.blogspot.com/

.........didn't Penny Pritzker own a bank that failed because of bad sub-prime home loans? Isn't this the woman who knowingly profited from loans made to people who did not meet the basic requirements to qualify for a home loan and then shut down and allowed the feds to guarantee the deposits of account holders?

What advice can Penny Pritzker give other than how to increase your income off the backs of average Americans? Pritzker, of the Chicago Hyatt Hotels Pritzkers', is just another Chicago favor by Barack Obama. Penny paid and continues...

kozanne

ECON Thread '"NYT: Obama thanked Collins, Snowe, Specter for their “patriotism”"'

Frankly, I think patriotism had little to do with it. These three Republicans know full well the opposition of their own constituency as well as the opposition of the rest of the country. Ask their voice mail boxes and phone lines as well as email boxes. THEY KNOW.

So....I guess the REAL question is "What did they get in return?" Maybe go to the Stimulus Watch website, sort each category by state and see what you get.....

http://hotair.com/archives/2009/02/...s-snowe-specter-for-their-patriotism/?print=1

NYT: Obama thanked Collins, Snowe, Specter for...
Click to expand...

R

ECON Thread 'Obama - "everyone thinks they're economists" rant'

what condescending crap


http://www.infowars.com/obama-everybody-thinks-theyre-economists/

of course anyone not in Obamaland thinks they're an Economist but Obama IS an economist, what a ****ing piece of vermin


what a infowars
February 6, 2009
The Associated Press reports:
President Barack Obama says in Washington these days, everyone’s an economist—or thinks they are.
Obama introduced a team of outside economic advisers Friday at a White House ceremony in which he also renewed his demand that Congress act quickly on his economic recovery package.
As the country struggles with...

kozanne

ECON Thread '"Obama: 119,000,000 Americans unpatriotic. "'

Interesting look at the different polls concerning crap sandwich:

http://www.redstate.com/moe_lane/2009/02/07/obama-119000000-americans-unpatriotic/

Obama: 119,000,000 Americans unpatriotic.

Posted by Moe Lane (Profile)

Saturday, February 7th at 4:00PM EST

26 Comments
Well, it’s like this. When you compliment three Republican Senators for planning to vote for your debt bill, and you make that compliment using the term “patriotic,” it then follows that you are implying that the people who aren’t voting for said bill are unpatriotic. From that, it follows that the people...
Click to expand...

China Connection

ECON Thread 'Obama Attempts To Pull Off Greatest Rip-Offs, Con Jobs In History'

Obama Attempts To Pull Off Greatest Rip-Offs, Con Jobs In History

http://thebulletin.us/articles/2009/02/09/herb_denenberg/doc498f986d9db69967532108.txt


The Advocate
By Herb Denenberg, The Bulletin
Published: Monday, February 09, 2009
As an old-time consumer reporter, I can tell you when a salesman says you have to do the deal right now, chances are he’s a rip-off artist, and a good general rule is to walk away — or better yet, run away.

The old now-or-never routine is generally regarded as a red flag flying. When a president tells Congress and the nation you have to do a...

Lostinoz

ECON Thread 'Obama Calls Anew For Swift Action on Economy'

http://www.google.com/hostednews/ap/article/ALeqM5hEx3tiPJhZQLVqjNmHR_oP6FZMuwD9687MS00

Obama calls anew for swift action on economy
By MARK S. SMITH – 32 minutes ago

ELKHART, Ind. (AP) — Making his case in the most dire terms, President Barack Obama said that if Congress does not quickly pass an economic stimulus package, the nation will slip into a crisis so deep that "we may be unable to reverse" it.

"We can't afford to wait. We can't wait to see and hope for the best," Obama said in Elkhart, Ind., a community reeling in job losses during the recession that has defined his...

S

ECON Thread 'Obama: This doesn't work, I lose'

No BO, AMERICA loses, she already has!

http://dyn.politico.com/printstory.cfm?uuid=61DF0679-18FE-70B2-A8B75A087F363D07

Obama: This doesn't work, I lose

By: Jonathan Martin
February 10, 2009 03:34 PM EST

FT. MYERS, Fla. – Three weeks after being sworn in, President Barack Obama acknowledged in plain terms Tuesday that his prospects for winning a second term may depend on the whether he can revive the nation’s plummeting economy.

“I’m not going to make any excuses,” Obama said at a town hall meeting here, in perhaps the most pivotal political state in...
Click to expand...

ainitfunny

ECON Thread 'Would Obama suspend Plunge Prot team-drop STOCK MKT/scare House to passing Stimulus?'

I am wondering if the magic "O" will hold back the Plunge Protection Team from buying up the stock market numbers for a couple of days to put the fear of doom and God into the House of Rep so they will act quickly to get that Stimulus package passed and to his desk??

Anyone want to opine whether our leaders are crafty and crooked enough to LET the market drop precipitously to 6500 or lower in order to scare off more criticism of his "Plan" to rescue us?

CRodgers

ECON Thread 'President Barack Obama team rolls out $3 trillion plan to save economy'

The Obama Administration laid out plans yesterday to marshal an extraordinary $3 trillion to stabilise America's stricken banking sector and revive its collapsing economy. US shares dropped sharply despite an unprecedented few hours of emergency government action.

First, President Obama's Treasury Secretary unveiled a sweeping new rescue plan for the US banking system that could amount to at least $2 trillion. It involves a combination of taxpayers' and private money to help to free up the country's frozen credit markets and to save the financial sector from collapse.

Timothy...
Click to expand...

Sleeping Cobra

ECON Thread 'Obama to unveil second "stimulus bill" (Porkulus II)'

Read it and weep. Obama and Pelosi will soon announce Porkulus II "because the first bill didn't have everything in it we need." Please scroll down for comments.
http://www.freerepublic.com/focus/f-news/2188294/posts

M

ECON Thread 'More Obama Garbage!!!!!'

If you've paid your home off without a government bailout - you've just been royally screwed. More reparations crap based on where this money will go.


Obama Pledges $275 Billion to Stem U.S. Foreclosures


By Alison Vekshin

Feb. 18 (Bloomberg) -- U.S. President Barack Obama pledged $275 billion to a program that will cut mortgage payments for as many as 9 million struggling homeowners and expand the role of Fannie Mae and Freddie Mac in curbing record foreclosures.

The plan also will help as many as 5 million homeowners refinance loans owned or...

M

ECON Thread 'More Carnage From Obama Arriving Soon!!!'

Yes, Obama is destroying the country. This is the final proof...




EPA expected to act in regulating carbon dioxide
By John M. Broder Published: February 19, 2009


WASHINGTON: The Environmental Protection Agency is expected to act for the first time to regulate carbon dioxide and other greenhouse gases that scientists blame for the warming of the planet, according to top Obama administration officials.

The decision, which most likely would play out in stages over a period of months, would have a profound impact on transportation, manufacturing costs and how...

N

ECON Thread '"Obama'$ Porkulu$ Wear$ Lip$tick"'

http://www.gopusa.com/commentary/mmalkin/2009/mm_02201.shtml

Rebel Yell:
Taxpayers Revolt Against Gimme-Mania

By Michelle Malkin
February 20, 2009

There's something in the air. It's the smell of roasted pork. President Obama heralded the signing of the trillion-dollar "stimulus" bill in Denver and promoted his massive mortgage entitlement expansion in Mesa, Ariz., at tightly controlled campaign events. But outside the Secret Service perimeters, a raucous grassroots rebellion against Beltway spending binges has caught fire. The new Boston Tea Party is here, baby, and...

Sleeping Cobra

ECON Thread 'Obama urges spending curbs, hands out $15 billion'

WASHINGTON -- Urging future restraint even as current spending soars, President Barack Obama pledged on Monday to dramatically slash the skyrocketing annual budget deficit as he started to dole out the record $787 billion economic stimulus package he signed last week.

"If we confront this crisis without also confronting the deficits that helped cause it we risk sinking into another crisis down the road," the president warned. "We cannot simply spend as we please and defer the consequences to the next budget, the next administration or the next generation."

Obama summoned allies...

M

ECON Thread 'Obama seeks $634B over 10 years for health care'

Obama seeks $634B over 10 years for health care
Ricardo Alonso-zaldivar And Andrew Taylor
President Barack Obama is asking Congress to raise taxes on the wealthy and cut Medicare costs to provide health care for the uninsured while making the just-enacted $400 tax cut for most workers permanent.

In a budget blueprint easily exceeding $3 trillion for 2010, Obama proposes setting aside $634 billion over the next decade to expand government subsidized health coverage — a little more than half the money needed to ensure that every American gets medical care.

Obama is also expected to ask...

Repairman-Jack

ECON Thread 'Obama budget has new $750B bank rescue contingency'

I'm speechless. :shr:

http://finance.yahoo.com/news/Obama-budget-anticipates-new-apf-14481515.html


WASHINGTON (AP) -- President Barack Obama anticipates another $750 billion bank bailout this year, a step that would more than double the direct infusion of taxpayer money into the reeling financial sector.

The White House's 2010 budget released Thursday includes a $250 billion contingency fund for 2009 that -- if needed -- could leverage three times as much in asset purchases from financial institutions in need of capital.

In essence, however, taxpayers would foot the entire $750...

kozanne

ECON Thread '"Did President Obama Lie About Health Care in His non-SOTU Tuesday Night...?"'

http://www.redstate.com/jeff_emanue...t-or-are-he-and-his-staff-just-that-ignorant/

Did President Obama Lie About Health Care in His non-SOTU Tuesday Night, or Are He and His Staff Just That Ignorant?

Posted by Jeff Emanuel (Profile)

Thursday, February 26th at 4:49PM EST

13 Comments
In his non-State of the Union speech Tuesday night, President Obama claimed that health care “is a cost that now causes a bankruptcy in America every 30 seconds,” and that, “in the last eight years, premiums have...
Click to expand...

Sleeping Cobra

ECON Thread 'Realtors, Home Builders Attack Obama Mortgage-Interest Proposal'

By Jessica Holzer, Of DOW JONES NEWSWIRES

WASHINGTON -(Dow Jones)- President Barack Obama's plan to scale back the popular mortgage-interest deduction, a sacred cow of the U.S. housing market, drew a scathing response from two powerful lobby groups.

The National Association of Home Builders and the National Association of Realtors issued statements condemning the proposal in withering terms Thursday, after it was unveiled earlier in the day as part of the White House's fiscal 2010 budget blueprint.

NAR President Charles McMillan also sent a letter to Obama to criticize the idea.

"There...

Sleeping Cobra

ECON Thread 'Obama "Tax Cut" Doesn't Exist; AP Lies About Small Business Jobs'

BEGIN TRANSCRIPT
RUSH: Gail in Lakeside, Arizona, you're on Open Line Friday. Hi.

CALLER: Hi, Rush. Thank you for all you do for us.

RUSH: Thank you very much.

CALLER: I wanted to share quickly what I found out when I had my taxes prepared last week. The man that prepared my taxes for me cautioned me to watch out for my tax cut. He said, and you may want to adjust your withholding to take that back away, because the tax rate tables for next year when preparing taxes are not changing. So I could possibly owe my tax cut back to the government next year.

RUSH: You gotta be kidding. Not...

M

ECON Thread 'Obama Puts the Economic Cart Before the Horse-Schiff'

February 27, 2009

Obama Puts the Economic Cart Before the Horse

Peter Schiff
In his first televised speech before Congress, President Obama asserted that prosperity will return once the government restores the flow of credit in the economy. It may come as a surprise to him, but an economy cannot run on consumer loans. Furthermore, credit stopped flowing in the U.S. for a very good reason: there was no more savings left to loan. Government efforts to simply make credit available, without rebuilding productive capacity or increasing savings, are doomed to destroy what’s left of our...

dissimulo

ECON Thread 'What, if anything, could Obama do to fix the economy?'

I keep reading threads indicating that Obama has failed, yet again, to do anything substantive about the economy. I always wonder if anyone believes he could really do anything to improve matters. While it is certainly within his power to make things worse, making them better is much more difficult and, IMO, probably impossible. For that matter, his ability even to make things worse seems limited within the context of the problems we are facing.

So, these questions are posed: What do you believe Obama could be/should be doing to fix the economy? Do you think any plan of government...

M

ECON Thread 'OBAMA: Are you LISTENING?'

OBAMA: Are you LISTENING?
Boston Fed President Rosengren:

"Rosengren suggested that governments are not the best managers of bad assets. Rather, he urged removing the assets and selling banks to new owners.

"When a bank is closed with FDIC support, this is relatively straightforward. The bad assets are removed from the bank and quickly disposed of by the FDIC, and the good assets are sold to an acquirer," he said.

"The new acquirer does not spend time focused on the problems of the past, but rather, focuses on maximizing future profitability," Rosengren added. "This is a reason for...

S

ECON Thread 'Obama may use 50-vote tactic on energy, healthcare'

More of the "I won" I make the rules, bend over and enjoy it mindset at work. Both are done deals, that's what this means.

http://thehill.com/leading-the-news...strategy-on-energy-healthcare-2009-03-01.html

Obama may use 50-vote tactic on energy, healthcare
By Jim Snyder
Posted: 03/01/09 12:19 PM [ET]

President Obama’s budget director said the White House would consider using a Senate procedural tactic so that only 50 votes would be rquired to pass major healthcare and energy reforms.

Peter Orszag, the director of...
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N

ECON Thread 'Obama Drives the Economic Clown Car Off the Cliff'

Barack Obama Drives the Economic Clown Car Off the Cliff

http://www.noquarterusa.net/blog/20...off-the-cliff/comment-page-1/#comment-1152602


By Larry Johnson
Email: larry_johnson@earthlink.net
Site: http://NoQuarterUSA.net

Let’s start with the “good” news. We may see the U.S. stock market surge as much as 1000 points in the next week. Why? No good technical reason, although there are some...

fruit loop

ECON Thread 'Obama Braces for Bailout Backlash'

http://www.msnbc.msn.com/id/29714426/

White House bracing for a bailout backlash

Obama administration worried populist anger could complicate agenda

News Analysis: Bracing for a Bailout Backlash
By Adam Nagourney

updated 4:14 a.m. ET, Mon., March. 16, 2009
WASHINGTON - The Obama administration is increasingly concerned about a populist backlash against banks and Wall Street, worried that anger at financial institutions could also end up being directed at Congress and the White House and could complicate President Obama’s agenda.

The administration’s sharp rebuke of the...

F

ECON Thread 'Bush deficits vs. Obama (projected) deficits, in a nice picture'

wapoobamabudget1.jpg

http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/

President Barack Obama has repeatedly claimed that his budget would cut the deficit by half by the end of his term. But as Heritage analyst Brian Riedl has pointed out, given that Obama has already helped quadruple the deficit with his stimulus package, pledging to halve it by 2013 is hardly ambitious. The Washington Post has a great graphic which helps put President Obama’s budget deficits in context of President...

Y

ECON Thread 'Obama Asserts Control over Auto Industry'

http://content.usatoday.net/dist/custom/gci/InsidePage.aspx?cId=indystar&sParam=30450593.story

Obama asserts gov't control over the auto industry
Posted 3/31/2009 12:01 AM ET
By David Espo, AP Special Correspondent

WASHINGTON — President Barack Obama asserted unprecedented government control over the auto industry Monday, bluntly rejecting turnaround plans by General Motors Corp. and Chrysler LLC, demanding fresh concessions for long-term federal aid and raising the possibility of quick bankruptcy for either ailing auto giant.

Obama took the extraordinary step of...

G

ECON Thread 'PROMISES, PROMISES: Obama tax pledge up in smoke'

LIAR, DIRTY LIAR!
---------------
PROMISES, PROMISES: Obama tax pledge up in smoke
http://www.breitbart.com/article.php?id=D979POSG0&show_article=1

WASHINGTON (AP) - One of President Barack Obama's campaign pledges on taxes went up in puffs of smoke Wednesday.
The largest increase in tobacco taxes took effect despite Obama's promise not to raise taxes of any kind on families earning under $250,000 or individuals under $200,000.

This is one tax that disproportionately affects the poor, who are more likely to smoke than the rich.

To be sure, Obama's tax...

M

ECON Thread 'Obama: Government to buy 17,600 cars they don’t need to boost economy'

Obama: Government to buy 17,600 cars they don’t need to boost economy
By Doug Powers • April 10, 2009 01:52 PM Rest easy, America — your troubles are being addressed aggressively. The president is going to boost the economy by using our money to buy thousands of cars for government employees. Whew!:

President Barack Obama said the U.S. government will buy 17,600 new, fuel-efficient vehicles from ailing American automakers by June 1.

Obama made the announcement Thursday in a statement issued by the White House, saying the General Services Administration will spend $285 million of...

R

ECON Thread 'Obama outlines vision for high-speed rail network'

Obama outlines vision for high-speed rail network

WASHINGTON – President Barack Obama on Thursday outlined plans for a high-speed rail network he said would change the way Americans travel, drawing comparisons to the 1950s creation of the interstate highway system.

Obama was careful to point out that his plan was only a down payment on an ambitious plan that, if realized, could connect Chicago and St. Louis, Orlando and Miami, Portland and Seattle and dozens of other metropolitan areas around the country with high-speed trains.

There's no guarantee that the nation has the political will...

pixmo

ECON Thread 'Obama proposes $100 billion U.S. loan for IMF'

WASHINGTON (Reuters) – President Barack Obama on Monday proposed a $100 billion U.S. loan to the International Monetary Fund to boost the IMF's resources and urged a bigger stake in the IMF for emerging powers.

In a letter to U.S. congressional leaders, Obama said the U.S. funding "does not represent a budgetary expenditure or any increase in the deficit since it effectively represents an exchange of assets."

The $100 billion is part of commitments made by Group of 20 countries at a London summit on April 2, which agreed to triple IMF resources to a total of $750 billion to help the IMF...

Dennis Olson

ECON Thread 'Report: Obama Administration Preparing Bankruptcy Filing for Chrysler'

http://www.foxnews.com/politics/fir...tration-preparing-bankruptcy-filing-chrysler/

Report: Obama Administration Preparing Bankruptcy Filing for Chrysler

The Times, citing sources familiar with the process, reports that an agreement was reached with the United Automobile Workers union to protect pension and retiree health care benefits

FOXNews.com

Thursday, April 23, 2009

DEVELOPING -- The Treasury Department is preparing a bankruptcy filing for Chrysler, the New York Times reports.

The Times, citing sources familiar with the process...

kozanne

ECON Thread 'Team Obama Miscalculates US GDP Growth By Nearly Half a Trillion Dollars'

Doesn't sound too interesting until you realize that the current administration painted a real rosy picture of deficit cutting based on their projected GDP......change you can't believe in.....

http://gatewaypundit.blogspot.com/

Tuesday, April 28, 2009
Team Obama Miscalculates US GDP Growth By Nearly Half a Trillion Dollars

In a report last week that the Obama Administration was still insisting that GDP growth in 2010 would be a strong 3.2%.


International Business Times reported:
Taking a closer look at how the President arrives at his rosy projection of cutting the...
Click to expand...

kozanne

ECON Thread '"A "Speculator" Speaks Up Against Obama"'

Via Ace of Spades, with insight from Clifford Assness, Manager and Founding Partner of AQR Capital Management. Mr. Assness is not too afraid of the Chicago thugs in DC, it seems:

http://www.ace.mu.nu/

A "Speculator" Speaks Up Against Obama
—Ace


Anti-Harkonen Freedom Fighter Geoff thinks Chrysler may turn into Obama's Waterloo.

He sends this, a hedge fund manager ripping the bark off Obama:

Let’s be clear, it is the job and obligation of all investment managers, including hedge fund managers, to get their clients the most return they can. They are allowed to be...
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Click to expand...

kozanne

ECON Thread 'Obama Budget Rescinds Oil, Gas Industry Tax Breaks'

You better grab your change and start saving it, because if this budget passes, prices are going UP. But it's okay, because 0bama said he wasn't going to raise INCOME taxes on the 95 percentile, right? He just forgot to tell you that the cost of goods and services is going to skyrocket because taxes on the producing industries are going to go up, too.....because big businesses are eeeevil, don't you know?

http://www.nytimes.com/aponline/2009/05/07/us/politics/AP-US-Budget-Energy.html?_r=1

Obama Budget Rescinds Oil, Gas Industry Tax Breaks
Sign In to E-Mail Print By THE...
Click to expand...

LittleJohn

ECON Thread 'Obama says, 'WE'RE OUT OF MONEY''

http://drudgereport.com/flashocs.htm

In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: "We are out of money."

C-SPAN host Steve Scully broke from a meek Washington press corps with probing questions for the new president.

SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?

OBAMA: Well, we are out of money now. We are operating in deep deficits, not caused by any decisions we've made on health care so far. This is a consequence of the crisis that we've seen and in fact our...

B

ECON Thread 'Obama praises stimulus bill as it hits 100-day mark'

BoatGuy sez:

By my calculations, using a stimulus figure of 787 billion dollars, the "creation or saving" of 150,000 jobs touted by BO, equates to 5.24 million dollars per job in a timeframe of 100 days... something to be proud of, fer sure. A week or two ago, we lost 610,000 jobs in one week. Somebody please tell me... Does he think Americans have the word "Stupid" tattooed on their forehead or what?

http://www.latimes.com/news/nationworld/nation/la-naw-obama-nevada28-2009may28,0,7529900.story

Obama praises stimulus bill as it hits 100-day mark
Ken Hively / Los Angeles Times...

R

ECON Thread 'Bond Vigilantes Confront Obama as Housing Falters'

http://www.bloomberg.com/apps/news?pid=20601087&sid=akW9GQw.X9KM&refer=worldwide

May 29 (Bloomberg) -- They’re back.

For the first time since another Democrat occupied the White House, investors from Beijing to Zurich are challenging a president’s attempts to revive the economy with record deficit spending. Fifteen years after forcing Bill Clinton to abandon his own stimulus plans, the so-called bond vigilantes are punishing Barack Obama for quadrupling the budget shortfall to $1.85 trillion. By driving up yields on U.S. debt, they are also threatening to derail Federal Reserve...

kozanne

ECON Thread '"Great News! Obama Now Wants to Tax Your Health Benefits "'

http://jammiewearingfool.blogspot.com/

Tuesday, June 02, 2009
Great News! Obama Now Wants to Tax Your Health Benefits

Hmm, I distinctly recall him excoriating John McCain during the campaign over such a suggestion.

"For the first time in American history, he wants to tax your health benefits," Obama said in September. "Apparently, Senator McCain doesn't think it's enough that your health premiums have doubled. He thinks you should have to pay taxes on them, too."

Well, now that he basically raped our economy and nationalized a good chunk of the auto industry while...
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kozanne

ECON Thread '"Emergency filing: Chrysler creditors take Obama to Supreme Court"'

I was wondering when this was going to happen.

http://www.examiner.com/examiner/x-...hrysler-creditors-take-Obama-to-Supreme-Court

Emergency filing: Chrysler creditors take Obama to Supreme Court


This is nothing short of Americans asking the Judiciary Branch to step in and exercise its check and balance powers to stop an out-of-control Executive Branch. Our Republic is held together by such power, and in this instance, the Supreme Court is the last bulwark against an authoritarian president nationalizing a private...
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W

ECON Thread 'Obama Tells American Businesses To Drop Dead'

:dstrs::dstrs::dstrs::dstrs:

Obama Tells American Businesses to Drop Dead: Kevin Hassett

Commentary by Kevin Hassett

June 8 (Bloomberg) -- I’ve finally figured out the Obama economic strategy. President Barack Obama and his team have been having so much fun wielding dictatorial power while rescuing “failed” firms, that they have developed a scheme to gain the same power over every business. The plan is to enact policies that are so anticompetitive that every firm needs a bailout.

Once that happens, their new pay czar Kenneth Feinberg can set the wage for everybody and Rahm Emanuel...

Sleeping Cobra

ECON Thread '****Part 1 Rush Limbaugh: Obama is Destroying the Economy****'

http://www.youtube.com/watch?v=in1A...home/today.guest.html&feature=player_embedded

R

ECON Thread 'Visual Evidence the Obama Team Completely Misjudged the Stimulus Impact'

http://campaignspot.nationalreview.com/post/?q=YTVmZGYxMDJkNDJkZTU1NWMyMDMyMDFhNTRhZDZiZjU=

This chart, contrasting the Obama administration's January projections of what the unemployment rate would be with and without the stimulus package against the actual numbers of recent months, is popping up everywhere, from Newsweek to FactCheck.org to Ace of Spades. It deserves widespread attention.

6cf919ba906e77e50ccf0eabe619b293.jpg


To get the stimulus passed, the Obama administration promised the moon, and had no idea whether it...

T

ECON Thread 'Obama may have a bigger problem than figured.'

FDR showed that all gov has to do is show action. Results are not required. I have my father's books from the 1920-30's. Before 1933, there is hardly anything. But starting in late 1933, there are gobs of documents indicating that the USDA was taking action and action and action. But farm income was hardly affected. Yet the farmers voted solid Democrat all the way.

I had figured O would do the same. But I failed to note one thing. There is already gobs of gov action going on. Increasing it will be very difficult, unless of course we go to wage and price controls and...

lectrickitty

ECON Thread 'Ron Paul: Obama 'Goal' Is Economic Collapse'

http://www.newsmax.com/insidecover/...2009/06/24/228873.html?s=al&promo_code=8224-1

Wednesday, June 24, 2009 3:08 PM

By: Rick Pedraza

U.S. Rep. Ron Paul, R-Texas, says he was dismayed that Congress passed the war supplemental appropriations bill so easily last week.

“An economic collapse seems to be the goal of Congress and this administration,” Paul said during his weekly radio address Monday.
“Washington spends with impunity, domestically bailing and nationalizing basically everything they can get...
Click to expand...

Volleyball Granny

ECON Thread 'More Job Killing Regulations Approved by President Obama--Minimum Wage'

This supports my comment on the post about minimum wage...though I hadn't read this article yet and was going by personal experience (of not receiving promised raises because of minimum wage hikes). The color emphasis (in the body) is mine.

This came to me via email from The Heritage Foundation. Here is the url:http://paracom.paramountcommunicati...453255604&ch=26CF856C16A3DF28A7235F93D0423313

More Job Killing Regulations Approved by President Obama

According to the United States Department of Labor...

Sozo

ECON Thread 'Thank God for Obama'

Hey, I WORK for a living, can I have $200 for each of my kids??


Billionaire, feds give out $175M to aid neediest students around the state

A $200 back-to-school giveaway for needy kids sparked a mad rush for money on the streets of New York on Tuesday.

"It's free money!" said Alecia Rumph, 26, who waited in a Morris Park, Bronx, line 300 people deep for the cash to buy uniforms and book bags for her two kids.

"Thank God for Obama. He's looking out for us."

Thousands of people lined up at banks and check-cashing shops to withdraw the cash that magically appeared on their...

N

ECON Thread 'Lost: 600,000 Jobs (way to go Obama!!)'

Lost: 600,000 Jobs

By INVESTOR'S BUSINESS DAILY | Posted Thursday, September 17, 2009 4:20 PM PT





http://www.ibdeditorials.com/IBDArticles.aspx?id=338078386864116

Economy: As if Big Labor hasn't been repaid enough for its help in electing Democrats, a new report shows that protectionism — the unions' signature issue — costs 585,000 of the rest of us our jobs.
Read More: Economy

It's not enough that unions got the cream of the $80 billion in auto industry bailouts or the center cut of the $787 billion...

Overnight

ECON Thread 'Obama Admin Slashed 60,000 Jobs From Recent Stimulus Report'

ABC News Exclusive: Obama Admin Slashed 60,000 Jobs From Recent Stimulus Report
Office of Management & Budget Document: 12 Stimulus Recipients Reported 'Unrealistic Job Data'
By MATTHEW JAFFE

Nov. 16, 2009 —

The Obama administration, under fire for inflating job growth from the $787 billion stimulus plan, slashed over 60,000 jobs from its most recent report on the program because the reporting outlets had submitted "unrealistic data," according to a document obtained by ABC News.

The Office of Management and Budget document shows that before an Oct. 30 progress report on the program the...

H

ECON Thread 'China's Blunt Talk for Obama'

http://online.wsj.com/article/SB125826103009548975.html?mod=WSJ_hpp_LEFTTopStories

China's Blunt Talk for Obama

Wall Street Journal - Aaron Back - ‎24 minutes ago‎

BEIJING -- China's top banking regulator issued a sharp critique of US financial management only hours before President Barack Obama commenced his first visit to the Asian giant, highlighting economic and trade tensions that threaten to ...

************

BEIJING -- China's top banking regulator issued a sharp critique of U.S. financial management only hours before President Barack Obama commenced his first visit to...

doctor_fungcool

ECON Thread 'Sign Up for Your Free Obama Phone Here'

https://www.safelinkwireless.com/EnrollmentPublic/home.aspx The first url was wrong...this is the right one...

80 minutes free per months or for an extra $10.00 (I believe) unlimited calling.

The are government stipulations.

This is no joke...it's for real......check out the requirements.

G

ECON Thread 'Obama Says to Be Patient on Economy'

I guess his promise that passing the stimulus (without anyone reading it) would keep unemployment under 8% doesn't apply anymore. :shr: Every idea, every policy, every action from him and his admin. has been one massive failure after another. Either the Idiot in Chief is a real live imbecile or he's killing off the economy on purpose.
----------------------------------

Obama Says to Be Patient on Economy

Saturday, November 21, 2009 12:09 PM
http://www.newsmax.com/insidecover/obama_economy_patience/2009/11/21/289452.html

WASHINGTON – President Barack Obama on Saturday...

Monkeywrench

ECON Thread 'Retiree Annuities May Be Promoted by Obama Aides'

Retiree Annuities May Be Promoted by Obama Aides

By Theo Francis
Jan. 8 (Bloomberg) -- The Obama administration is weighing how the government can encourage workers to turn their savings into guaranteed income streams following a collapse in retiree accounts when the stock market plunged.
The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant...

H

ECON Thread 'Obama to banks: `We want our money back''

http://finance.yahoo.com/news/Obama...tml?x=0&sec=topStories&pos=main&asset=&ccode=

Obama to banks: `We want our money back'

Obama slaps banks, proposed new fee to recover all remaining cost of bailout effort

Jim Kuhnhenn, Associated Press Writer, On Thursday January 14, 2010, 11:55 am
WASHINGTON (AP) -- Declaring "We want our money back," President Barack Obama wants to slap a tax on banks to recoup the money that the American public spent on bailing out large financial institutions on the brink of collapse.

The president said Thursday his...

I

ECON Thread 'Obama Asks Congress for $2.8 Billion More Haiti Aid Money'

Obama Asks Congress for $2.8 Billion More Haiti Aid Money

(NewsCore) - President Obama asked Congress for another $2.8 billion Wednesday to help fund relief efforts in quake ravaged Haiti.

The president’s request, laid out in a letter to House Speaker Nancy Pelosi (D-Calif.) asked the Congress to find funding for the extra $2.8 billion to “provide for costs associated with relief and reconstruction support for Haiti” and included reimbursements for costs incurred by several U.S. departments, including the Department of Defense, Health and Human Services and State Department, among...

D

ECON Thread 'THE OBAMA DOLLAR (New York Sun Editorial)'

http://www.nysun.com/editorials/the-obama-dollar/86943/

The Obama Dollar
Editorial of The New York Sun | May 6, 2010

The collapse of the dollar to less than a 1,200th of an ounce of gold is emerging as one of the astonishing stories of our time. Yet even more astonishing is the lack of focus on that story by the intelligentsia in our press and politics. It is a silence on which these columns have remarked a number of times of late, including on March 14, 2008, right after the value of the greenback toppled below a thousandth of an ounce of gold. At the time we suggested that, once...

F

ECON Thread 'As money supply plunges, Obama eyes another $200B stimulus'

http://www.telegraph.co.uk/finance/...-1930s-pace-as-Obama-eyes-fresh-stimulus.html

US money supply plunges at 1930s pace as Obama eyes fresh stimulus

The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest rates and the biggest fiscal blitz in history.

The M3 figures - which include broad range of bank accounts and are tracked by British and European monetarists for warning signals about the direction of the US economy a...

doctor_fungcool

ECON Thread 'Attn-Shane: Obama Admin. is Considering Confiscating All Gold Bullion'

The lead speaker at yesterday's FT Silver Conference in London, John Levin, expressed the concern of major Asset Managers that the Obama administration is considering or will be forced, to confiscate all gold bullion assets in the USA remenisent of Franklin D. Roosevelt's move in 1933!

"by Lawrence Williams
Thursday, 10 Jun 2010 (Mineweb) — Anecdotal evidence suggests some major U.S. asset managers prefer to hold gold outside the U.S. for fear of confiscation in an echo of Roosevelt’s 1933 decree.

Speaking at the FT Silver conference in London yesterday, lead-off speaker John Levin, HSBC...

L

ECON Thread 'Obama Lends 2 Billion To Petrobras'

full stories at links.

http://groups.google.com/group/alt....ad/e0c0466493434b5e/659c91900b236c95?lnk=raot

I heard about this last night. Remember my post a couple days ago
about how Soros had increased his investment in Petrobras oil, right
before Obama issued the drilling block on US companies (and they would
stand to gain from the decision...insider information)? Well, now, it
seems that Obama will be giving 2 Billion to the same Soros owned
company TO DRILL!!!

So much for being interested in saving the environment. He's PAYING a
Soros owned company...

dissimulo

ECON Thread 'Obama commits nearly $2 billion to solar companies'

http://news.yahoo.com/s/nm/20100703/pl_nm/us_obama_energy_solar

Obama commits nearly $2 billion to solar companies
By Steve Holland

WASHINGTON (Reuters) – President Barack Obama, under pressure to spur job growth, said on Saturday two solar energy companies will get nearly $2 billion in U.S. loan guarantees to create as many as 5,000 green jobs.

In his weekly radio and Web address, Obama coupled his announcement with an acknowledgment that efforts to recover from the recession are slow a day after the Labor Department reported that private hiring in June rose by 83,000.

"It's...

C

ECON Thread 'Obama Enlists Bill Clinton's Aid On Economy'

Obama enlists Bill Clinton's aid on economy
By Caren Bohan Caren Bohan – 2 hrs 25 mins ago

WASHINGTON (Reuters) – U.S. President Barack Obama sought on Wednesday to lift sagging confidence in his economic stewardship by enlisting the help of predecessor Bill Clinton, as a leading business group issued a scathing critique of the administration's policies.

Clinton, who presided over the 1990s economic boom, was to join Obama at a White House meeting with business leaders at 2:35 p.m. Eastern time (1835 GMT) to encourage job creation and investment, including in clean energy...

I

ECON Thread 'WITH 20% UNEMPLOYMENT, OBAMA ISSUES OVER 1 MILLION GREEN CARDS.'

WITH 20% UNEMPLOYMENT, OBAMA ISSUES OVER 1 MILLION GREEN CARDS.

Obama and Napolitano will bring about a depression

The Department of Homeland Security has just reported that during 2009, they issued 1,130,818 new Green Cards to foreign nationals, allowing them to work legally in this country. That number represents the fourth highest number of cards issued in one year.

750,000 of the new Green Cards were given to the families of U.S. citizens and legal permanent residents.
The top four recipient nations are as follows:

-Mexico…164,920
-China…receiving 64,238
-Philippines…60,029...

JF&P

ECON Thread 'Obama Added More to National Debt Than All Presidents...'

Obama Added More to National Debt in First 19 Months Than All Presidents from Washington Through Reagan Combined, Says Gov’t Data

Wednesday, September 08, 2010
By Terence P. Jeffrey, Editor-in-Chief

(CNSNews.com) - In the first 19 months of the Obama administration, the federal debt held by the public increased by $2.5260 trillion, which is more than the cumulative total of the national debt held by the public that was amassed by all U.S. presidents from George Washington through Ronald Reagan.

The U.S. Treasury Department divides the federal debt into two categories. One...

Wiscontessa

ECON Thread 'from Aug 2009... Obama sends stimulus aid to foreign firms'

.

This is old, but might be of interest to some. Stimulus money created jobs alright. Just not here.

Obama sends stimulus aid to foreign firms

By Jerry Seper
-

4:45 a.m., Thursday, August 6, 2009

Nearly half of the $2.4 billion in federal grant money awarded Wednesday to stimulate the U.S. economy and boost the production of hybrid and electric vehicles went to six companies with ties to places as far away as Russia, China, South Korea and France.

President Obama announced the grants during a visit to Indiana and said the funds would...

Sleeping Cobra

ECON Thread 'The Obama Stimulus Impact? Zero'

For the past two years, economists writing on these pages and elsewhere have debated the merits of federal stimulus programs. President Obama's compromise on the Bush tax cuts this week might be seen as at least partial recognition that keeping marginal tax rates from rising across the board is the best stimulus now, especially if the deal leads eventually to making the cuts permanent. The economic data rolling in confirm that recent temporary, targeted stimulus programs have not worked, and that their enactment was a triumph of Keynesian wishful-thinking over practical experience.

In...

C

ECON Thread 'This guy can hardly keep from laughing at Obama'

This is a video from Bloomberg Tv. It is Swiss economist Mark Faber talking about the POTUS state of the union address. Is this what most economists really think of Obama?

http://www.youtube.com/watch?v=67hHDfDwL-E:lkick:

Dennis Olson

ECON Thread 'MUST READ: Where Are the Jobs? The Jobless Obama Recovery Continues'

Where Are the Jobs, Mr. President? The Jobless Obama Recovery Continues
By John Lott

Published May 09, 2011 | FoxNews.com

There has been no recovery in the job market during the Obama recovery. Despite all the cheerleading by the Obama administration and the media, job creation has been horribly sluggish. The jobs created recently are noteworthy only in comparison to the lack of jobs created during the rest of the “recovery.” In contrast to other recoveries over at least the last half century, job creation has never been more anemic.

When the new employment numbers came out on Friday...

Arab Spring?
Kent

ECON Thread 'Obama Wants Billion-Dollar Egypt Bailout'

Obama Wants Billion-Dollar Egypt Bailout

By Mary Beth Sheridan, Washington Post

http://nation.foxnews.com/egypt/2011/05/09/obama-wants-billion-dollar-egypt-bailout

The Obama administration has decided to provide about $1 billion in debt relief for Egypt, a senior official said Saturday, in the boldest U.S. effort yet to shore up a key Middle East ally as it attempts a democratic transition.

The aid would be part of a major economic aid package that also includes trade and investment incentives, officials said. It is intended to help stabilize Egypt after demonstrations forced out...
S

ECON Thread 'Obama set to accelerate aid to Egypt. Hey we are rolling in dough.'

http://www.jpost.com/MiddleEast/Article.aspx?id=255138

DAVOS, Switzerland - US President Barack Obama plans to accelerate the pace of American aid to Egypt, a top State Department official said on Wednesday, as the most populous Arab nation reaches a critical stage in its uncertain transition away from autocratic rule.

Undersecretary of State Robert Hormats, part of a US delegation that held unprecedented talks last week with Egypt's Muslim Brotherhood, said Washington wanted to provide "more immediate benefits" to Egyptians, who earlier this month conducted their first democratic...
Sleeping Cobra

ECON Thread 'Obama proposes $800 million in aid for "Arab Spring"'

(Reuters) - The White House announced plans on Monday to help "Arab Spring" countries swept by revolutions with more than $800 million in economic aid, while maintaining U.S. military aid to Egypt.

In his annual budget message to Congress, President Barack Obama asked that military aid to Egypt be kept at the level of recent years -- $1.3 billion -- despite a crisis triggered by an Egyptian probe targeting American democracy activists.

The proposals are part of Obama's budget request for fiscal year 2013, which begins October 1. His requests need the approval of Congress, where some...
skwentnaflyer

ECON Thread 'Obama lifts freeze on $192 million aid package to Palestinian Authority'

Fair use.
http://www.timesofisrael.com/obama-lifts-freeze-on-192-million-aid-package-to-palestinian-authority/


Funding serves ‘security interests of the US,’ says president. Congress blocked it after Abbas’s bid for UN recognition of ‘Palestine’
U

S President Barack Obama has lifted a ban on financial aid to the Palestinian Authority.

Obama stated that the aid was “important to the security interests of the United States.”

The US Congress froze a $192 million aid package to the Palestinian Authority after its president, Mahmoud Abbas, defied US pressure and sought to attain UN...
S

ECON Thread 'Obama, 155 Million $ aid package to Syria'

http://www.nydailynews.com/news/pol...ckage-message-syrian-people-article-1.1250301
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Hey, what the hell we'll just print more !

It was hard enough to get 60 Mil to help the victims of Hurricane Sandy right here in the U.S and he just throws 150 mil to Syria like no big deal. Man, war is a moneymaking gig...
 
Part2
W

ECON Thread 'Obama Administration Plans To Seize 401 K Retirement Accounts'

Obama Administration Plans to Seize 401(k) Retirement Accounts

Written by Joe Wolverton, II

Wednesday, 05 May 2010 12:45

:siren:One aspect of a new and improved federal regulatory scheme is the seizure of 401(k) retirement plans and the subsequent government-administered disbursement of the funds.:siren:

In Chapter 3 of the Annual Report on the Middle Class released in February by Vice President Biden and the White House Task Force on the Middle Class, the Obama administration calls for enhancing the “retirement options” for the middle class by imposing “new regulations to...

China Connection

ECON Thread 'Obama Wants $1.7 TRILLION Tax Increase'

Obama Wants $1.7 TRILLION Tax Increase
Fire it up


http://nation.foxnews.com/politics/..._Gigya_Obama_Wants_$1.7_TRILLION_Tax_Increase

...Aides to Boehner and Obama had spent much of the past week discussing an ambitious budget deal that would have reformed the tax code and popular social spending programs and scaled back annual defense and domestic spending.

The goal was the $4 trillion in budget savings, measured over 10 years, that budget experts say is needed to keep the national debt at a sustainable level...

Digital Omnivore

ECON Thread 'Bernanke: Fed May Launch New Round of Stimulus (QE3!) UPDATE: Says Gold Is Not Money.'

http://www.cnbc.com/id/43739458

Federal Reserve Chairman Ben Bernanke told Congress Wednesday that a new stimulus program is in the works that will entail additional asset purchases, the clearest indication yet that the central bank is contemplating another round of monetary easing.

aa-Ben-Bernanke-good-illus-in-helicopter-dropping-money.jpg


Bernanke said in prepared remarks that the economy is growing more slowly than expected, and should that continue the central bank stands at the ready with more...

Little-Acorn

ECON Thread 'Obama U-turn: Will accept temporary extension of debt limit. Ummm... what's that?'

I'm scratching my head over this one. What, exactly, is a "short-term extension of the debt ceiling"?

Short-term extension are usually things that end after, well, a short term. Here they are talking maybe as few as a couple of days.

But I'm baffled about how this would work. The article didn't explain it. Can somebody help me out here?

Suppose they reach agreement and sign a "short-term extension" of the Debt Ceiling. One that takes effect, say, on Monday, August 1, and then expires a week later, on Monday, August 8. (fill in your own dates here, I'm just using these as an example)...

happyretiree

ECON Thread 'Obama, Congress reach a debt deal'

http://apnews.myway.com//article/20110801/D9OQVB483.html

Obama, Congress reach a debt deal


Email this Story

Jul 31, 8:38 PM (ET)

By DAVID ESPO

(AP) As the debt crisis continues Senate Minority Leader, Republican Mitch McConnell of Kentucky, walks...
Full Image



WASHINGTON (AP) - Racing the clock to avoid a government default, President Barack Obama and Republican congressional leaders reached historic agreement Sunday night on a compromise to permit vital U.S. borrowing by the Treasury in exchange for more than $2 trillion in long-term spending cuts.

Officials said...

almost ready

ECON Thread 'Another Obama stimulus recipient goes Bankrupt - in Fremont, CA'

he "Shining" Example Of Obama's $787 Billion Fiscal Stimulus Act, Solar Energy Company Solyndra, Files For Bankruptcy

Yesterday Zero Hedge contributor Bruce Krasting had some very insightful and very prophetic words when he asked rhetorically if a "Government investment disaster in the works??" The company in question is (now former) massively subsidized solar energy company Solyndra. Solyndra filed for bankruptcy less than 24 hours after Bruce proposed that the company is nothing but a stimulus black hole. We congratulate him on his investigative efforts. Alas, being private, there was...

Kathy in FL

ECON Thread 'Comprehensive List of Obama Tax Hikes'

Comprehensive List of Obama Tax Hikes

Which one of these tax hikes will destroy the most jobs?


(Get your Obama Big Speech Bingo cards here)

Since taking office, President Barack Obama has signed into law twenty-one new or higher taxes:

1. A 156 percent increase in the federal excise tax on tobacco: On February 4, 2009, just sixteen days into his Administration, Obama signed into law a 156 percent increase in the federal excise tax on tobacco, a hike of 61 cents per pack. The median income of smokers is just over $36,000 per year.

2. Obamacare Individual Mandate Excise Tax...

Sleeping Cobra

ECON Thread 'Obama to propose $1.5 trillion in new tax revenue'

WASHINGTON (AP) -- Drawing a bright line with congressional Republicans, President Barack Obama is proposing $1.5 trillion in new tax revenue as part of his long-term deficit reduction plan, according to senior administration officials.

The president on Monday will announce a proposal that includes repeal of Bush-era tax cuts for the wealthiest taxpayers, nearly $250 billion in reductions in Medicare spending, $330 billion in cuts in other mandatory benefit programs, and savings of $1 trillion from the withdrawal of troops from Iraq and Afghanistan, the officials said.

The plan includes...

F

ECON Thread '"Occupy Wall Street is Wall Street. Occupy Wall Street Is Obama..."'

http://www.uniteandstate.com/column...bama+occupy+wall+street+is+wrong+for+america/

Occupy Wall Street is Wall Street. Occupy Wall Street Is Obama. Occupy Wall Street is Wrong for America.
posted Monday, October 3, 2011 at 7:21 p.m. Save It
The Occupy Wall Street group at first glance seemed sensible and I even admired their ability to organize and promote their message. I assumed that their agenda was based on an anti corporate socialist system that has been unfair, corrupt and overly leveraged to prop up the wealthy...

Kathy in FL

ECON Thread 'Obama to Spend $10.3 Trillion on Welfare: See the Real Cost of Welfare on the American Tax'

And yet there are still segments of the population that aren't satisfied about how much is being given away to "the poor" on the back of the US taxpayers.

This is an article from 2009 and yet it is still even more pertinent today than it was then. Class warfare and redistribution tactics are here.


Obama to Spend $10.3 Trillion on Welfare: See the Real Cost of Welfare on the American Tax Payer

b2427_chart1-ashx.gif


Uncovering the Full Cost of

Means-Tested Welfare

or Aid to the Poor

September 16, 2009

From the...

Turret Buster

ECON Thread ''Company Policy: We are not hiring until Obama is gone''

http://www.11alive.com/news/article/214228/3/Company-Policy-We-are-not-hiring-until-Obama-is-gone

See vid at link.

WACO, Ga. -- A west Georgia business owner is stirring up controversy with signs he posted on his company's trucks, for all to see as the trucks roll up and down roads, highways and interstates:

"New Company Policy: We are not hiring until Obama is gone."

"Can't afford it," explained the employer, Bill Looman, Tuesday evening. "I've got people that I want to hire now, but I just can't afford it. And I don't foresee that I'll be able to afford it unless some things...

fairbanksb

ECON Thread 'Obama to Ask for Debt Ceiling Hike: Report'

http://www.foxbusiness.com/politics/2011/12/27/obama-to-ask-for-debt-ceiling-hike-report/The White House plans to ask Congress for an increase in the debt limit before the end of the week, according to a senior U.S. Treasury Department official.

The debt limit is projected to fall within $100 billion of the current cap by Dec. 30. President Barack Obama is expected to ask for additional borrowing authority to increase the limit by $1.2 trillion.

Under the new budget, Congress can only vote to block the debt-ceiling extension with a disapproval resolution. Lawmakers have 15 days...

Dennis Olson

ECON Thread 'Obama Team Defends Policies as Gas Prices Soar'

Domestic production eyed as gas prices head toward record-breaking height

Published February 19, 2012 | FoxNews.com

President Obama's re-elect team defended White House energy policy on Sunday as gas prices shoot toward the $4 mark and beyond, a level that could devastate voters' pocketbooks as well as Obama's chances for a second term.

Nationally, gas prices are $3.53 a gallon, up 25 cents since Jan. 1, and likely headed to $4.25 a gallon by late April. Republicans have demanded more oil production at home, as well as building the Keystone XL pipeline across the middle of the U.S. to...

doctor_fungcool

ECON Thread 'The U.S. Economy By The Numbers: 70 Facts That Obama Does Not Want You To See'

http://theeconomiccollapseblog.com/...ts-that-barack-obama-does-not-want-you-to-see


The U.S. Economy By The Numbers: 70 Facts That Barack Obama Does Not Want You To See

Why is the economy going to collapse? Have you ever been asked that question? If so, what did you say? Sometimes it is difficult to communicate dozens of complicated economic and financial concepts in a package that the average person on the street can easily digest. It can be very frustrating to know that something is true but not be able to explain it clearly to...

geoffs

ECON Thread 'Under Obama, Fed’s Holdings of U.S. Debt Have Jumped 452%'

(CNSNews.com) - Since President Barack Obama was inaugurated in January 2009, the Federal Reserve’s holdings of U.S. government debt have quintupled, according to the Fed’s official monthly balance sheet.

On Jan. 28, 2009, a week after Obama’s nomination, the Fed owned $302 billion in U.S. Treasury securities. On April 25, 2012, the latest date reported, the Fed owned five and a half time that much in U.S. Treasury securities--$1.668 trillion.

That is an increase from January 2009 of $1.366 trillion—or 452 percent.

Under Obama, the Federal Reserve has become the single largest owner of...

N

ECON Thread 'Barack Obama shrugs, but the debt keeps mounting'

Barack Obama shrugs, but the debt keeps mounting
A fiscal horror is unfolding on the president’s watch, yet few seem concerned , writes Jeff Randall

By Jeff Randall
7:03AM BST 24 September 2012
The Telegraph Group

For those of us who admire the United States and are hoping it will rediscover economic virtue and the road to recovery, last week was particularly unsettling.

Both sides in the fight for the White House displayed an ignorance of fiscal issues more usually associated with contestants in a pub quiz. It was intriguing, however, that while Mitt Romney’s blunder...

T

ECON Thread 'Under Obama, part-time work will be the norm.'

[Scanned WSJ 11/05/2012 pB1]

Some low-wage employers are moving toward hiring part-time workers instead of full-time ones to mitigate the health-care overhaul’s requirement that large companies provide health insurance for full-time workers or pay a fee. Several restaurants, hotels and retailers have started or are preparing to limit schedules of hourly workers to less than 30 hours a week. That is the threshold at which large employers in 2014 would have to offer workers a minimum level of insurance or pay a penalty starting at $2,000 for each worker.

The shift is one of the first...

China Connection

ECON Thread 'Obama makes fresh demands on ‘fiscal cliff’'

Obama makes fresh demands on ‘fiscal cliff’

View Photo Gallery — The ‘fiscal cliff’: Meet the key players: Negotiations to avert the year-end “fiscal cliff” advanced at a glacial pace Wednesday. Here’s a look at some of the leaders in the fiscal-cliff debate.

By Lori Montgomery and Paul Kane, Published: November 29

President Obama offered Republicans a detailed plan Thursday for averting the year-end “fiscal cliff” that calls for $1.6 trillion in new taxes, $50 billion in fresh spending on the economy and an effective end to congressional control over the size of the national...

B

ECON Thread '37 Statistics Which Show How Four Years Of Obama Have Wrecked The U.S. Economy'

Posted for fair use and discussion.
http://investmentwatchblog.com/37-st...GoR40YEkisB.99

37 Statistics Which Show How Four Years Of Obama Have Wrecked The U.S. Economy
January 21st, 2013

The mainstream media covered the inauguration of Barack Obama with breathless anticipation on Monday, but should we really be celebrating another four years of Obama? The truth is that the first four years of Obama were an absolute train wreck for the U.S. economy. Over the past four years, the percentage of working age Americans with a job has fallen, median household income has...

Countrymouse

ECON Thread '"WE'RE JUST GOING TO KILL THE DOLLAR"--Senior Obama official'

From The Daily Sheeple

http://www.thedailysheeple.com/econ...ficial-we-are-going-to-kill-the-dollar_012013

Economic Solution: Senior Obama Official: “We Are Going to Kill the Dollar”

M. Frank Drover
The Daily Sheeple
January 25th, 2013
Reader Views: 3,801
Comments (6)

Kyle Bass, who knows a thing or two about economics and finance, recently spoke to a senior member of the Obama administration about their planned solutions for fixing the U.S. economy and trade deficit.

The answer shouldn’t surprise you.

When I asked a senior member...

Sleeping Cobra

ECON Thread 'Intelligence insider: Obama administration agenda to “kill U.S Dollar”'

This week, I had a series of very sobering discussions with my highly-placed source within the intelligence world. The information he provided hit me like a proverbial tons of bricks. It connects everything we are seeing play out across the world, from the economic problems in Europe to the U.S. DHS ammunition acquisition orders and even the “gun control” debate. If you’re like me, you’re looking for clarity, context and focus with regard to all of the events we’re constantly hearing about but seem to lack legitimate explanation. I believe this report will provide the context and clarity...

Sleeping Cobra

ECON Thread 'Obama seeks deal, proposes cuts to Social Security'

Originally published April 5, 2013 at 4:14 AM | Page modified April 5, 2013 at 11:48 AM

WASHINGTON —

President Barack Obama's proposed budget will call for reductions in the growth of Social Security and other benefit programs while still insisting on more taxes from the wealthy in a renewed attempt to strike a broad deficit-cutting deal with Republicans.

The proposal aims for a compromise on the fiscal 2014 budget by combining the president's demand for higher taxes with GOP insistence on reductions in entitlement programs. But the plan was already encountering negative reviews from...

China Connection

ECON Thread 'In second term, Obama will allow UN to tax Americans'

Um, I found this while proving that the U.S.was supporting the U.N. to encourage people to eat bugs.

//////////////////////////////////////////////////////////
In second term, Obama will allow UN to tax Americans

By Dick Morris

Published October 08, 2012


Oct. 7, 2012: President Barack Obama speaks at a campaign event at the Nokia Theater in Los Angeles. (AP)

It should come as no surprise that President Obama will raise taxes if he is re-elected. But here’s the shocker: He will invite the United Nations to tax Americans directly. And the proceeds would go directly to the...

P

ECON Thread 'CBO: Obama Budget Adds $5.2 Trillion to Deficit, $1 Trillion in New Taxes'

The Congressional Budget Office (CBO) says President Barack Obama’s 2014
budget would add $5.2 trillion in deficits over the next ten years and contains
nearly $1 trillion in new taxes.
(At least it isn't per year...):shk:

by Wynton Hall 19 May 2013, 2:57 PM PDT
http://www.breitbart.com/Big-Govern...2-Trillion-To-Deficit-1-Trillion-In-New-Taxes


The Obama budget, which was delivered two months after the legally-required
deadline, is larded with accounting gimmicks that count as savings war and
disaster contingency...

PCViking

ECON Thread 'Obama: Top Tax Rate Should Be 28% for Corporations, 40% for Small Business'

Obama: Top Tax Rate Should Be 28% for Corporations, 40% for Small Business​

2:37 PM, Jul 30, 2013 • By JOHN MCCORMACK

The New York Times reports that President Obama is reviving an old proposal to lower the corporate tax rate from 35 percent to 28 percent (and 25 percent for manufacturers). Obama's push to lower the corporate tax rate to 28 percent comes less than a year after he raised the top individual income tax rate, paid by many small businesses, to 39.6 percent.

In a speech delivered Tuesday afternoon, Obama did not explain why he thinks it's a sound...

Countrybumpkin

ECON Thread 'Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,' Though It Has 'Over 100 Ti'

In a speech at the Business Roundtable headquarters in Washington, D.C., Obama dismissed concerns about raising the debt ceiling by noting that it'd been done so many times in the past:

"Now, this debt ceiling -- I just want to remind people in case you haven't been keeping up -- raising the debt ceiling, which has been done over a hundred times, does not increase our debt; it does not somehow promote profligacy. All it does is it says you got to pay the bills that you've already racked up, Congress. It's a basic function of making sure that the full faith and credit of the United...

Sleeping Cobra

ECON Thread 'Obama says he’s sorry some Americans losing insurance'

WASHINGTON — President Obama apologized Thursday to Americans who are losing their health insurance despite his repeated promises that they wouldn’t, an unusual act of contrition for a president who has come under heavy criticism for misleading the public.

“I am sorry that they, you know, are finding themselves in this situation, based on assurances they got from me,” Obama said in an interview with NBC News. “We’ve got to work hard to make sure that they know we hear them and that we’re going to do everything we can to deal with folks who find themselves in a tough position as a...

Sleeping Cobra

ECON Thread 'Obama and Economic Suicide'

Churchville, VA—President Obama is demanding, by Executive Order, what congress will not give him by vote. With winter approaching and the “ObamaCare” mess hanging over his shoulder, he is now ordering the U.S. economy to hitch itself to more and more of the costly and erratic “renewable” energy sources. These have already bankrupted Spain and are about to bankrupt Great Britain and Germany.

Spain, Britain, and Germany are already years further down the road to the “renewable” blackouts President Obama now demands for America. Spain is already broke, and Britain is heading for mass energy...

Anne in TN

ECON Thread 'Is this for real? Obama can seize our assets?'

This article is too awful to be true but it seems to have come from a good source. What do you all think? http://www.lewrockwell.com/2014/03/daniel-mcadams/will-obama-seize-your-assets/


Show Menu
LewRockwell.com ANTI-STATE•ANTI-WAR•PRO-MARKET
Against Ukraine War? Obama May Seize Your Assets

By Daniel McAdams

Ron Paul Institute

March 15, 2014
Email Print
FacebookTwitter
Share

Do you, like 56 percent of the US population, believe that the US should “not get too involved” in the Ukraine situation? Do you think that the US administration putting us on a war footing with Russia is...

China Connection

ECON Thread 'Mark Levin warns: Obama preparing country for coup against Constitution'

Mark Levin warns: Obama preparing country for coup against Constitution

October 6, 2013

Earlier this week, conservative talk show host Mark Levin warned that Barack Obama is campaigning and preparing the country for what amounts to a coup against the Constitution over the debt ceiling, Breitbart.com reported Sunday.

Levin said that it's clear Obama has moved on from the shutdown and is now focused on the debt ceiling, paving the way for low-information liberals to support him as he bypasses Congress and unilaterally seizes control of the nation’s economy, Dr. Susan Berry wrote...

MtnGal

ECON Thread 'Obama announces $33B in commitments for Africa'

http://news.yahoo.com/obama-us-companies-invest-14b-africa-101805232--finance.html

WASHINGTON (AP) — President Barack Obama says the U.S. must do more to boost its financial foothold in Africa as economies on the continent grow stronger.

Obama is speaking at a U.S.-Africa summit in Washington that has brought together business leaders and politicians. In conjunction with the summit, the White House is announcing $33 billion in commitments aimed at increasing U.S. economic ties with Africa.

A big part of the money, $14 billion, is coming from the private sector. Among the companies...

PCViking

ECON Thread 'Obama aims to 'grow' aid for China'

Obama aims to 'grow' aid for China​

Posted By Steve Peacock On 09/20/2014 @ 4:47 pm

The Obama administration now has ambitions to expand the number of aid programs to China and is working on deploying a privately contracted overseer to “manage and grow” this development portfolio, WND has discovered.

Obama intends to accomplish that task through the U.S. Trade & Development Agency, or USTDA, which technically is an “independent” White House agency – one that has spent millions on projects in China under both the Obama and George W. Bush administrations.

Those...

China Connection

ECON Thread 'Hyperinflation Um! : Obama signs $1 trillion stopgap spending bill with Syria measure'


World War Three isn't far away.
.......................................................................................
Obama signs $1 trillion stopgap spending bill with Syria measure


By Rebecca Shabad - 09/19/14 04:32 PM EDT

President Obama signed a $1 trillion stopgap spending bill Friday afternoon at the White House that also authorizes his plan to aid Syrian rebels to fight Islamic militants.

The president signed the measure, which averted a shutdown and kept the government funded through Dec. 11, at 4:30 p.m. in the Oval Office.

The Senate easily approved...

D

ECON Thread 'Middle class decline looms over final years of Obama presidency'

http://www.thedailybell.com/news-an...ate/?uuid=6F7F7900-5056-9627-3CD00B2177610FD0

The Unraveling of the US Middle Class Is Monetary and Corporate

January 20, 2015

Middle class decline looms over final years of Obama presidency ... Barack Obama enters the final two years of his presidency with a blemish on his legacy that looks impossible to erase: the decline of the middle class he has promised to rescue. – Reuters

Dominant Social Theme: Barack must try harder.

Free-Market Analysis: The West's economic...

Sleeping Cobra

ECON Thread 'Obama: $4 trillion budget replaces 'mindless austerity''

635584651761215457-GTY-462656222.jpg


9:28 a.m. PST February 2, 2015

WASHINGTON — President Obama unveiled a nearly $4 trillion budget that is "designed to bring middle class economics into the 21st Century" through new programs to be financed by higher taxes on the wealthy.

While unlikely to pass the Republican Congress, the budget calls for new tax credits and other initiatives devoted to education, child care, paid leave, and...

JohnGaltfla

ECON Thread 'If Obama is the “Economic Messiah” why Have a Record Number of Wealthy People Abandoned US'

If Obama is the “Economic Messiah” why Have a Record Number of Wealthy People Abandoned US Citizenship

by John Galt
February 10, 2015 19:40 ET

KEEP_CALM_AMF_tn-150x150.jpg


Way, way, way, way, back in ancient history this blogger (soon to be if not already considered an enemy of the state) warned to the wealthy and my wife, who would not listen, the following:

If you can leave the United States, I would suggest you GET OUT NOW...

S

ECON Thread 'White House Confirms Obama Planning Huge New Tax Increases'

This sets the precedent that Mr. Obama can raise taxes on who he wants, when he wants and how he wants and how much he wants.
The Republicans will say strong words and meekly acquiesce. The media will also be compliant and characterize any opposition as 'racism'.
Mr. Obama was twice elected by the American people to restore the economy and our standing in the world. Given the obstinate Republican Congress , he may have no other choice but to obey the will of the people and continue in office until his work is done.
SS



URGENT: White House Confirms Obama Planning Huge New Executive...

P

ECON Thread '"Colossal Defeat" For Obama As Australia Joins China's Regional Bank'

"make no mistake," the decision by Australia's Abbott government to sign on
for negotiations to join China’s regional bank, foreshadowed by Tony Abbott at
the weekend, "represents a colossal defeat for the Obama administration’s
incompetent, distracted, ham-fisted diplomacy in Asia."

Submitted by Tyler Durden on 03/16/2015 22:00 -0400
http://www.zerohedge.com/news/2015-03-16/colossal-defeat-obama-australia-joins-chinas-regional-bank


Having attacked its "closest ally" UK for "constant accomodation" with...

Jonas Parker

ECON Thread 'Furious Coal CEO Lets It All Out: "Obama Is Nation's Great Destroyer"'

http://www.zerohedge.com/news/2015-...lets-it-all-out-obama-nations-great-destroyer

Furious Coal CEO Lets It All Out:
"Obama Is Nation's Great Destroyer"
Submitted by Tyler Durden on 07/25/2015 23:30 -0400


Murray Energy CEO Robert Murray, who spoke to Republicans at the Lincoln Day Dinner on Wednesday, is "righteously mad" at President Barack Obama, who Murray says is to blame for the downturn in the coal industry.

The President, you see, is on a "bizarre personal and political" quest to destroy not only the coal industry, but the...

TammyinWI

ECON Thread 'Obama climate change plan to kill jobs, raise electric bills; could pose health risk'

Do the people at the Washington Times really believe this is an unintended? Get a clue, "critics, analysts!"

Obama climate change plan to kill jobs, raise electric bills; could pose health risk

Critics, analysts say unintended consequences from president’s environmental plan all but certain


President Obama argues that his policies will result in cleaner air and will mitigate the effects of climate change, but unintended consequences of the administration’s environmental agenda seem all but certain — possibly even including higher mortality rates across the country...

marsh

ECON Thread 'Obama Drives Coal Companies to Bankruptcy, Soros Buys 1,553,200 Shares at Cut Rate Prices'

This is how the 1% rolls:

http://www.thepcgraveyard.com/2015/...soros-buys-1553200-shares-at-cut-rate-prices/

Obama Drives Coal Companies to Bankruptcy, Soros Buys 1,553,200 Shares at Cut Rate Prices

In keeping with their reputations as the two most dishonest men in America (Hillary is a woman…sort of) Obama drives the price of coal stocks to junk status and George Soros buys a million shares of Peabody Energy and 55,200 shares of Arch Coal, the two largest coal companies in America. Soros may be a crook but he’s not a dumb one. What...

S

ECON Thread 'Trump accuses Fed of keeping rates low to help Obama'

Mr. Obama is poisoning the economic well in case any Republican gets elected, they will suffer the same fate as Herbert Hoover.
It will take a very strong Republican to keep the air cleared and focus on the economics.
SS

' Tue Nov 3, 2015 2:51pm EST

Trump accuses Fed of keeping rates low to help Obama
NEW YORK | By Jonathan Allen

Republican White House contender Donald Trump accused the U.S. Federal Reserve on Tuesday of keeping interest rates low at the bidding of Democratic President Barack Obama.

Trump, speaking at a news conference at his company's New York City...

BetterLateThanNever

ECON Thread 'Obama Has Been Hiding a Global Slowdown: “Stock Markets Should Be Down Massively”'

SHTFplan
Michael Snyder
August 1st, 2016
Economic Collapse Blog

obama-silence.jpg


This article was written by Michael Snyder and originally published at the Economic Collapse blog.

Editor’s Comment: There’s more than a few big secrets in the Obama Administration, and perhaps the most devastating has been the hidden economic collapse that has been hurting the American people in slow motion ever since the 2008 crisis, and throughout the entire Obama presidency. Many don’t remember among all the pomp and circumstance, but President...

China Connection

ECON Thread 'Obama provides arriving refugees with cash, gift cards, S.S. benefits, and housing'


Obama provides arriving refugees with cash, gift cards, S.S. benefits, and housing
November 8, 2015 4:23 pm EST 25 Comments


Next News Network/YouTube
Using your taxpayer dollars
By Gary Franchi

Youtube: https://www.youtube.com/watch?v=GzGTPlOHamQ

Just a day ago it was revealed by Liberty News dot-com that Syrian Refugees would receive a settlement bonus of nearly $1000 U.S. TAXPAYER DOLLARS along with extensive training on English, job placement, apartments , and even social security.

Featured image main page via BBC/YouTube...

SageRock

ECON Thread 'Obama Abruptly Waives 1980 Foreign Investment in Real Property Tax Act'

Posted for fair use and discussion. Go to the original website for various embedded links.

http://www.zerohedge.com/news/2015-12-20/obama-abruptly-waives-1980-foreign-investment-real-property-tax-act

Submitted by Gordon T. Long of the Financial Repression Authority http://financialrepressionauthority.com/2015/12/19/obama-abruptly-waives-1980-foreign-investment-in-real-property-tax-act-firpta/

Obama Abruptly Waives 1980 Foreign Investment in Real Property Tax Act

The Financial Repression Authority has consistently shown that Regulatory changes which “Ring Fence” US...

marsh

ECON Thread 'Economy Commentary America’s Economic Freedom Has Rapidly Declined Under Obama'

http://dailysignal.com/2016/01/31/americas-economic-freedom-has-rapidly-declined-under-obama/

America’s Economic Freedom Has Rapidly Declined Under Obama

Anthony B. Kim

Millions of people around the world are emerging from poverty thanks to rising economic freedom. But by sharp contrast, America’s economic freedom has been on a declining path over the past decade.

America’s declining score in the index is closely related to rapidly rising government spending, subsidies, and bailouts.

According to the 2016 Index of Economic Freedom, an annual publication by The Heritage...

T

ECON Thread 'Now that oil prices are low, Obama wants a $10 a barrel tax on oil'

http://www.reuters.com/article/us-usa-budget-oil-idUSKCN0VD2Q7
Obama to seek new tax on oil in budget proposal
Thu Feb 4, 2016 6:40pm EST
WASHINGTON | By Ayesha Rascoe and Valerie Volcovici


r
...

M

ECON Thread 'Obama Announces New “Peace Colombia” Plan with More Funding for Bogota'

He's just freaking incredible. He's like: "Hey...$296 million wasn't enough; let's give them an extra $150 million."

2/4/2016
WASHINGTON – U.S. President Barack Obama on Thursday announced the “Peace Colombia” plan, a new bilateral accord between Washington and Bogota for which he will ask Congress for some $450 million in the fiscal 2017 budget, substantially more than the $296 million authorized for that country this year.

The president announced the proposal during the White House ceremony to commemorate the 15 years of Plan Colombia accompanied in the East Room by his...

BetterLateThanNever

ECON Thread 'What Hell Is Coming? Even Obama Is Warning Americans ‘To Prepare For Disaster’'

SHTFplan - Michael Snyder
June 2nd, 2016
Economic Collapse Blog

Societal_Collapse.jpg


This article was written by Michael Snyder and originally published at his Economic Collapse blog.

Editor’s Comment: As Snyder astutely notes, Barack Obama basically doesn’t open his mouth unless it is to spin propaganda for an agenda he has signed on to. Across a range of politically sensitive topics, President Obama has repeatedly proved to be little more than a salesman for a brand of government control over society, adorned with redistribution...

S

ECON Thread 'Obama quickly signs Puerto Rico financial rescue bill'

http://cbs6albany.com/news/nation-world/obama-quickly-signs-puerto-rico-financial-rescue-bill

By MARY CLARE JALONICK, Associated Press

WASHINGTON (AP) President Barack Obama signed a rescue package on Thursday for financially strapped Puerto Rico, which is facing more than $70 billion in debt and a major payment due Friday.


Obama signed the bill hours after it won final Senate passage Wednesday night. Obama said there is still tough work to do to get Puerto Rico out of the hole.

"But it is an important first step on the path of creating more stability, better services and...

T

ECON Thread 'Obama has set a record on regulations'

http://www.wsj.com/articles/the-all-time-regulation-record-1470435716

The progressive explanation for the slowest economic recovery in nearly 70 years is that expansions after financial crises are always like this. There appears to be no statute of limitations on this excuse, which is especially convenient every four years. But those who want more than a political rationalization might look to the all-time presidential record of costly regulation set by the Obama Administration.

That’s the news from a report to be released soon showing that President Obama’s regulators have...

thompson

ECON Thread 'Obama Kept His Promise, 83,000 Coal Jobs Lost And 400 Mines Shuttered'

http://dailycaller.com/2016/09/05/o...83000-coal-jobs-lost-and-400-mines-shuttered/

Obama Kept His Promise, 83,000 Coal Jobs Lost And 400 Mines Shuttered

Andrew Follett
12:00 PM 09/05/2016

This Labor Day, America has 83,000 fewer coal jobs and 400 coal mines than it did when Barack Obama was elected in 2008, showing that the president has followed through on his pledge to “bankrupt” the coal industry.

A 2015 study found the coal industry lost 50,000 jobs from 2008 to 2012 during Obama’s first term. During Obama’s second term, the...

thompson

ECON Thread 'Obama Administration’s Labor Regs Cost Economy $80 Billion, 150,000 Jobs'

http://freebeacon.com/issues/report...bor-regs-cost-economy-80-billion-150000-jobs/

Report: Obama Administration’s Labor Regs Cost Economy $80 Billion, 150,000 Jobs

Regulations demand 400 million compliance hours from companies

BY: Ali Meyer
October 3, 2016 3:28 pm

Labor regulations issued in the last year of the Obama presidency will cost the economy roughly $80 billion over the next 10 years and eliminate 150,000 jobs, according to a report from the National Association of Manufacturers.

The report analyzed seven regulations from the...

China Connection

ECON Thread 'Debt Under Obama Up $9,000,000,000,000'

Debt Under Obama Up $9,000,000,000,000


By Terence P. Jeffrey | October 7, 2016 | 11:35 AM EDT
President Obama at his inauguration on Jan. 20, 2009. (AP Photo/Ron Edmonds)

(CNSNews.com) – The federal government passed a fiscal milestone on the first business day of fiscal 2017—which was Monday, Oct. 3—when the total federal debt accumulated during the presidency of Barack Obama topped $9,000,000,000,000 for the first time.

On Jan. 20, 2009, when Obama was inaugurated, the total debt of the federal government was $10,626,877,048,913.08, according to data published by the U.S...

S

ECON Thread 'Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time'

Good to see the facts even if they come a little late.
A lot of relatively powerless people knew these numbers and talked and posted about them, from 2010 on. It took Trump to bring all the law abiding workers and small business people together.
SS

'Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time

by Tyler Durden
Dec 23, 2016 3:44 PM

Just over six years ago, in December of 2010, we wrote "Charting America's Transformation To A Part-Time Worker Society", in which we predicted - and showed - that in light of the underlying changes resulting from...

China Connection

ECON Thread 'Seven Ways Obama Is Trying to Sabotage the Trump Administration'

Seven Ways Obama Is Trying to Sabotage the Trump Administration

by John Hayward30 Dec 20167,386


President Barack Obama’s final weeks in office seem dedicated to setting foreign and domestic policy on fire to make life as difficult as possible on his successor, Donald Trump. Here are some of the biggest mousetraps Obama scattered across the White House floor on his way out:

Betraying Israel at the United Nations: Obama’s refusal to block a United Nations vote against Israel, his administration’s shadowy machinations to bring that ugly motion to the floor, and Secretary of State...

Dennis Olson

ECON Thread 'Obama Created a Nightmare for Business, says 'Pawn Star' Rick Harrison'

Obama Created a Nightmare for Business, says 'Pawn Star' Rick Harrison

By Julia Limitone Published May 19, 2017 Small Business FOXBusiness


Gold and Silver Pawn Shop owner Rick Harrison on the potential impact of President Trump's policies on small business owners and consumers.

The Obama administration may be out of office, but Gold and Silver Pawn Shop owner Rick Harrison said right now business in the U.S. is “literally a nightmare.”

“The effect of the eight years of Obama is finally showing up,” Harrison told the FOX Business Network. “We had .7 GDP [growth]…in the last quarter and if...

Buick Electra

ECON Thread 'Look What This Obama Regulation Has Done...'

Thomas Wictor‏ @ThomasWictor

(1) How Obama screwed us, Part (?)

On May 5, 2016, Obama announced new regulations to "combat money laundering."
https://obamawhitehouse.archives.go...stration-announces-steps-strengthen-financial

(2) The real-world impact of these new regulations is to make it harder for the middle class to get loans.

(3) And THAT is the point.

(4) I just completed the loan process for buying a new house. The documents I had to provide were ridiculous.

(5) I had the credit score, income, and assets...
 
It was always the Obama/Biden plan...
2021 Flashback:
vector7 said:
Joe Biden Budget will project $44 trillion over the next 10yrs. Growing from $17 trillion. That's if everything is perfect. There are also numerous slush funds available for Dems to use later.
https://twitter.com/x/status/1402433318432411649
View: https://twitter.com/dcollins5555/status/1402433318432411649?s=19


Biden's trillion dollar spending spree will raise the debt from $17 trillion prepandemic to $44 trillion (4:33)
View: https://youtu.be/co3ZXoYdVGQ


Flashback: Mark Levin was right...
Mark Levin: “Biden & Harris will BURN the Constitution & the Declaration of Independence if elected I went through their 110-page manifesto & ‘Liberty, free market capitalism & lower taxes’ aren't ANYWHERE to be found.
RT 4min
https://twitter.com/x/status/1323303756403015681
View: https://twitter.com/WayLightTruth/status/1323303756403015681?s=19
Click to expand...
 
https://twitter.com/x/status/2090572255709347854
View: https://x.com/peterschiff/status/2090572255709347854?s=61



Now that the Trump Administration has panicked by announcing a Treasury bailout, investors who hadn't yet realized there was a problem will get the message and start selling. If Bessent thought we had a bond market problem before, sounding the alarm made the problem much worse.



https://twitter.com/x/status/2090580064614109643
View: https://x.com/peterschiff/status/2090580064614109643?s=61
 
We told everyone this and of course we were labeled conspiracy nuts.

And the mainstream media won’t cover a thing!! it does not fit their narrative. Nor their propaganda.

The mainstream media is in on it.

Now we know one source of actblue donation money, and we already know the people whose information was used to launder this money to the democrat party

It’s so obvious the democrats have become a cartel, and the boss does not live in America
RT 6min
https://twitter.com/x/status/2089645723629261125
View: https://twitter.com/acathleen5/status/2089645723629261125


Act Blue, like USAID, is yet another scam…

Six ActBlue officials have now taken the Fifth. 146 invocations and counting. Number of NYT stories about it: zero. An accountability update. And more.
RT 6min
https://twitter.com/x/status/2090817390565265677
View: https://twitter.com/rev2_0/status/2090817390565265677
 
Hognutz said:
What a slap in the face to American cattlemen & consumers. Worse than socialism! Dumping foreign beef in U.S. markets can temporarily lower prices but it won’t incentivize American farmers to raise more beef.
Click to expand...
Hey Massie, just crawl away back into the sewer...

One hand you cry about higher prices and inflation, then when a temporary solution comes up to help lower the costs, you whine about that too...

Go back and play in the woods with Tucker... crybaby!
 
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