Economic Stimulus

[drunken monkey]

Todays (global) stock drop is caused more by the 60 odd billion loss in the last quarter. You can't really pin this one on economic faith (or lack thereof) or on your leader.

[BNaylor]

Originally Posted by HotZ28

14% I have never heard of military men & women getting that kind of a raise!

Our military and federal civilian workforce can kiss any decent pay raises good bye at least for FY 2010 per Obama's proposed budget. Military limited to 2.9% and civilians to 2.0%. See link.

Obama Budget Would Limit Pay Raises for Civilian Workers, Military
Source: Washington Post

[HotZ28]

Originally Posted by BNaylor

Military limited to 2.9% and civilians to 2.0%

How do you get food stamps, quit working? I hope our fine members of the military don't see how much of an increase the food stamp recipients are getting! That would not do much to boost the moral of those whose who are risking their lives everyday, for the ones who prefer to do nothing!

[thegladhatter]

[03cavPA]

Originally Posted by HotZ28

I hope our fine members of the military don't see how much of an increase the food stamp recipients are getting! That would not do much to boost the moral of those whose who are risking their lives everyday, for the ones who prefer to do nothing!

It's not just military members. A lot of us who go to work every day, pay our taxes, obey the laws, and support this country now have the pleasure of having our federal government piss on our heads while spending money on things like swamp mouse protection and abortion on demand.

I'm not suggesting that the food stamp program is a complete waste. I know people in this area who receive food stamps who legitimately need them and are qualified for them. IMO, the increase is out of line, however. I'll be lucky to get a raise at all this year. 2.9% sounds dandy to me. But, I'll probably still have a job.

To be fair, BO warned us this was how it was going to be. This comes as no surprise to anyone who was paying attention.

I'm beginning to think this woman had it right, after all. She knew something we all didn't.

[BNaylor]

Originally Posted by 03cavPA

I'm beginning to think this woman had it right, after all. She knew something we all didn't.

Sorry but no cigar and no such thing as a free mortgage. She along with others that are this naive will find out it will not be easy. The same hassles like when you apply for any mortgage.

You will have to qualify to get a break on the existing mortgage. This gov web site (still under construction) will have the details.

http://www.financialstability.gov/

[VR43000GT]

Originally Posted by talkloan

economy is in a fluctuating stage and it will be stable soon as the experts are looking for it seriously.

Home Loans

Why is your link to the AF rules/guidlines?

[BNaylor]

Originally Posted by SL3000gt

Why is your link to the AF rules/guidlines?

Most likely a spammer Alex.

It sounds like this person is only interested in pushing loans and not in our discussion.

[thegladhatter]

Frickin' Spammer-Troll!

[thegladhatter]

So...let's say you're unemployed. (like me) Do you ask a rich guy, or a poor guy for a job? Right...the rich guy has the jobs. So if BHO taxes the daylights out of the rich guy...isn't he more likely to have fewer jobs available?!? So...with unemployment going bonkers in an exponential way...doesn't it make sense to help those with the potential for making more jobs available?!?

"Why is 'common sense' so uncommon?" ....Fred Thompson

[HotZ28]

Obama Policies Feed Market Panic:


Since Inauguration Day, the Dow has fallen 20.4 percent.

Thursday, March 5, 2009 4:40 PM

By: Greg Brown

All week, negative headlines have competed with the slumping market ticker, including early news Thursday that General Motors might well go bankrupt despite billions in taxpayer loans. (Newsmax graphic)
Since Barack Obama was sworn in as president on Jan. 20, stocks have tumbled to record lows — with investors losing an estimated $2.5 trillion in market value.
The trend continued Thursday, with the Dow closing down 281 points, a 4.1 percent drop for the day. Since Inauguration Day, the Dow has fallen 20.4 percent.
All week, negative headlines have competed with the slumping market ticker, including early news Thursday that General Motors might well go bankrupt despite billions in taxpayer loans.
As selling sped up, Citigroup traded at one point under $1 a share, General Electric dipped under $7, and international financial names like Barclays saw declines of nearly 30 percent on the day.
"Everybody is so bearish right now that you would expect to be in the midst of a counter-trend rally," Steven Goldman, market strategist at Weeden & Co, told CNNMoney.
"But the implosion in the banking and insurance sectors is just overwhelming."
Obama has moved aggressively on economic and fiscal policies. But investors — if the market is any indication — are giving his initiatives a chilly response.
On Feb. 17, Obama signed a stimulus bill worth $787 billion — the largest spending bill in history. But the Congressional Budget Office indicates only 20 percent of the funds will be spent this year, and the nonpartisan group suggests that the package could do more economic harm than good.
Obama also gave the green light to an omnibus $431 billion House Democratic spending bill laden with close to 9,000 pork-barrel spending items.
Plus, Obama revealed that he plans increase marginal tax rates on those earning more than $250,000.
The new taxes will yield more than $1 trillion in government revenues, but some economists believe the news of increased taxation will suck the wind out of any economic recovery.
In the middle of the market meltdown Thursday, Obama spent the day talking about a massive increase in healthcare spending, including a proposal in his budget that sets aside $634 billion in a 10-year reserve fund to pay for expanded care.
The drumbeat of bad news was too much for stocks, including:
• U.S. bankruptcy filings surging 31 percent in 2008.
• More than 600,000 Americans filing claims for jobless benefits for a fifth straight week, the worst performance since 1982.
• U.S. factory orders falling for a sixth straight month in January, official data showed.
• One in every eight U.S. households with mortgages ended 2008 behind on payments or in foreclosure, reported the Mortgage Bankers Association.
"The auto industry is effectively being wiped out or nationalized, however you want to think about it," Rick Campagna, portfolio manager at Provident Investment Council in Pasadena, Calif., told Reuters.
"Now you're talking about a good portion, if not all, of the banking sector being wiped out. It's just getting relatively dire."

Click Here for source.

[drunken monkey]

of course, that is all to do with Obama and nothing to do with major companies' reports coming out declaring losses in the last quarter.

[thegladhatter]

It's ALL GWB's fault!

[BNaylor]

On the economy:

Liberals blame Bush and the Republicans.

Conservatives blame Obama and the Democrats.

When liberals and conservatives actually agree on an issue or feel bipartisan in nature they blame Bill Clinton.

Hey we have to blame somebody. It is the American way.

[VR43000GT]

Haha, I know exactly what you are saying Bob. Everyone freaked out on Bush because of unemployment rates, declining economic situations, etc. Honestly, one person is not going to cause the state our economy is in right now.