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[NightmarePatrol]

I haven't seen the official government response yet on the picture below. Again, there always seems to be something going on over in this part of world doesn't there? I'll be curious to see what comes out of the white house statement-wise.

Click the picture for the article

[Puffin]

This graphic was in the Washington Post, and is a comparison of the proposed tax cut plans. The republican one includes continueing the Bush tax cuts. what it doesn't show is the effect on the deficit, since both the proposals are for cutting revenue, but not spending.
 

[Lifetime]

I am still trying to wrap my head around how we figure that a multi-billion dollar business is killing us with, say....5% but less than 10% profit but a less than a multi-million dollar business isn't killing us when they get the business standard of 10%.
 
Percentage is what I look for in "profit" on the money I put in any type of interest bearing account or agreement.... not the monetary amount. I know what I make if I "bet" $1000 in the game or if I put in $100,000. The percentage is my profit or loss.
 
So now I wonder where all the people who made OVER 10% on heir "investments" were on this before the market tanked... Hmmmmm very loud silence out there...All of you who invested in the Dot Coms under Clinton didn't peep until the Coms tanked.
 
This all is over "who's ox got gored." Always has been, always will be. Don't get me wrong, I don't want to pay $4/gallon for Gasoline again and I don't want to pay $1000/month for basic Health Insurance. What we peons are doing ,is eating each other as the rest watch amusingly.
 
IMHO
 
 
 

[lifefeedsonlife]

Yep.

It's good sport.

[Lifetime]

But for WHOM? I was never really interested in sports over honesty and life.
 
 

Yep.

It's good sport.

[NightmarePatrol]

Hard to believe my eyes, but now there will be another stimulus package?

From The Associated Press
By ERICA WERNER (AP) – 1 hour ago

WASHINGTON — Eager to jumpstart the economy ahead of crucial midterm elections, President Barack Obama said Friday he intends to unveil a new package of proposals, likely including tax cuts and targeted spending, to spark job growth.

Obama spoke in the Rose Garden after the August jobs report came out better than expected, showing the private sector adding 67,000 new jobs last month and revising upward the numbers from June and July. But unemployment ticked upward to 9.6 percent as more people entered the job market, and the president said it wasn't good enough.

"That's why we need to take further steps to create jobs and keep the economy growing, including extending tax cuts for the middle class and investing in the areas of our economy where the potential for job growth is greatest," Obama said.

"We are confident that we are moving in the right direction, but we want to keep this recovery moving stronger and accelerate the job growth that's needed so desperately."

Administration officials say a big new stimulus bill like last year's $814 billion measure is not in the offing - nervous lawmakers looking to November's balloting would not be expected to approve an expensive new measure. But Obama said he'd be proposing a new set of ideas next week. He's likely to detail them during a speech on the economy Wednesday in Cleveland, midway through an economy-focused week capped by a rare White House news conference.

Obama's package could include a number of provisions that have languished in Congress for much of the year, including infrastructure bonds for municipalities and extensions for a series of tax breaks for businesses and individuals that expired at the end of 2009. Democratic leaders are considering making one of the tax breaks permanent, for businesses that invest in research and development.

They are also considering extending a law passed in March that exempts companies that hire unemployed workers from paying Social Security taxes on those workers through December. Sen. Charles Schumer, D-N.Y., has proposed extending the exemption an additional six months.

Obama is continuing to prod the Senate to pass a bill that calls for about $12 billion in tax breaks for small businesses and a $30 billion fund to help unfreeze small business lending. Republicans have likened the bill to the unpopular bailout of the financial industry. And the president wants to make permanent the portion of George W. Bush's tax cuts affecting the middle class.

The House has already passed many of the provisions, but they have stalled in the Senate because Republicans and Democrats could not agree on how to pay for them.

Jim Manley, spokesman for Senate Majority Leader Harry Reid, D-Nev., said Reid hoped to be able to get the small business measure through once the Senate goes back in session later this month but the prospect for other ideas was cloudier. Moreover, some of the ideas are relatively small bore, so even if they did pass in the next month or two it's unlikely they'd make a real dent in the economy before the elections.

Departing White House economist Christina Romer told The Associated Press that the new proposals would be "targeted measures aimed at particular problems or incentivizing a particular area of the economy." Romer is leaving her post as chair of the president's Council of Economic Advisers on Friday to return to the University of California, Berkley.

[Puffin]

They gotta loosen up bank credit to small businesses somehow.
 

[Lifetime]

Bad part of this WHOLE THING..... The banks have the money to loan but..... until they are sure of what is in store for the businesses with this administration... it will hold the money...INTENDED to be lent but...
 
Now...the businesses ....especially those who have been "helped" and some of the SCHOOL SYSTEMS who either received money, are sitting on the money and not hiring or using the money in a way not intended, because ....oh my... back to the original reason stated in the previous paragraph...." until they are sure of what is in store for the businesses/ recipient, with this administration". Taxes, healthcare, employment, cap and tax...etc.
 
School systems who originally received monies to keep or call back teachers, decided to not do that in lieu of paying off bills owed. Busisnesses do have profit, but some got that profit by laying off or downsizing.... less wages to pay as well as payments into benefit programs. So now they wait......
 
 

They gotta loosen up bank credit to small businesses somehow.

[Puffin]

The same banks that made those incredibly risky Home Mortgage loans, also made equally unwise Commercial Real-estate loans for the same reason. High risk-High profit.
TARP allowed them to stabilize their Home Mortgage business to some extent, but I read some time ago in one of the Business Mags that of the $300 Billion Of Commercial Loans coming due in the next year, $40% are in default or in big time trouble. SO while these banks say they are not loaning because of uncertainty with the Admin. The truth is they have a shitload of bad paper, and they are not ready to admit it. Blame someone else!
The financial system of this country is in very fragile shape.   

[Lifetime]

I think the Banks have the money to loan but, having it in their possession adds to the portfolios.... much like the value of a Corporation when they include the money in a retirement fund. I also think the money that the banks got, was earmarked to ONLY be lent in the manner specified.... not to cover thier losses.... much like money earmarked to beautify a street in a town that is bancrupt... the money cannot be used for any other purpose. The banks are scare that they may ...yet again do some bad lending. Check out how close they look at financial records just for someone to buy a car or home now. If you think your Credit Score was important back then.... even moreso now... Don't have anything below 700 or if you DO get a loan.... the interest will roll your stomach. This ain't Kansas anymore TOTO. The game has changed.
 
 

The same banks that made those incredibly risky Home Mortgage loans, also made equally unwise Commercial Real-estate loans for the same reason. High risk-High profit.
TARP allowed them to stabilize their Home Mortgage business to some extent, but I read some time ago in one of the Business Mags that of the $300 Billion Of Commercial Loans coming due in the next year, $40% are in default or in big time trouble. SO while these banks say they are not loaning because of uncertainty with the Admin. The truth is they have a shitload of bad paper, and they are not ready to admit it. Blame someone else!
The financial system of this country is in very fragile shape.

[NightmarePatrol]

I just ran across this and it was to good to not share.

[TiFeMb]

...flipping around the raidio dial...NPR did back to back pieces on how to weather the housing market and answered calls about different situations....Rush was bashing Obama about being a Muslim.
 
Figures...

[NightmarePatrol]

Though he has some valid points I don't put a whole lot of stock in what he says. That's probably why I don't listen to him. I prefer to form my own opinions about things rather than listen to the likes of Rush Limbaugh, Michael Moore and other similar "personalities." Plus I have more time to do the things I like rather than take someone elses opinions for my own.

[Amidala]

Rush is admittedly an entertainer. So why ARE we suckers for entertainers??

[TiFeMb]

I was flipping around. I occasionally stop on Beck or Hannity and it's the same thing. My point was that NPR, considered Leftist, was offering solutions, while Rush/Hannity/Beck et al, considered the conservative right, only offer criticism and ridicule.
 
Who are the Republicans putting out there to run against Obama? Mitt? Huckabee? Gingrich? Beck? Palin? Seriously? Just keep complainin'...