Posted on 07/20/2009 3:09:14 PM PDT by Oldeconomybuyer
Under the worst of circumstances, the report said, the government's maximum exposure could total nearly $24 trillion, or $80,000 for every American.
HAAHAAHAHAHHAHAAAHAAHAA!
We're screwed.
Note what isn't stated here: these clowns have ALREADY spent over $15,000 FOR EVERY MAN, WOMAN AND CHILD IN THE COUNTRY.
So if you have a family of four, they've ALREADY spent $60,000 OF YOUR MONEY!
And this is on a scheme for which no less a source than the CONGRESSIONAL BUDGET OFFICE pointed out that WE WOULD COME OUT BETTER IN THE LONG-TERM IF THE POLITICIANS DIDN'T SPEND A DAMN PENNY!
So if you have a family of four, they've already FLUSHED $60,000 OF YOUR MONEY STRAIGHT DOWN THE TOILET. If you have a family of, say, six, then it's more like $100,000.
But, hey. They may raise that bill to somewhere between $300,000 and $500,000 for your family.
Remember, this is IN ADDITION to the taxes you've ALREADY BEEN paying.
Oh, wait. If you just sit on your *ss and don't do anything, you probably don't have to pay a dime. That means that if you actually produce value and pay taxes, your share is going to be MORE than the figures quoted above.
I think it’s about time we tried that blue-state secession idea. And why not? There are more blue states now than there were in 2004 and the economy is in such bad shape that it’ll probably be the only way to save our jobs and our homes. And blue-state conservatives, who laughed at the idea in 2004 seem to be warming up to the idea. Shall we?
them are green shoots my FRend, Mention them often, like the left did with “points of light” What comes around has to go around
They had dispersed the 4.7 trillion among the American people, we would already be out of this continued economic quagmire....
The headline is a manifestation of the fact that one applies to a journalism school only after rejection by all other schools.
I am not sure whether you know that you (i) sound just like the most extreme Leftist and (ii) misunderstand completely who benefits from that bailout.
What do these words even mean? You are not even wrong.
The TARP law says that the money repaid goes to the US deficit, but:
1) Barney Frank is trying to change the law so that he can spend any money repaid.
2) As soon as some money is repaid, the leftists will say that the debt is going down and so we can now start spending again (from some other money pile).
IMO, the TARP bill started us down a very undesirable road.
Goldman was Obama’s #1 donor, and is preparing to soak the US economy via “carbon trading.” If you don’t think Obama favors political allies, you have not been paying attention.
Do you think “carbon trading” is characteristic of an honorable business?
I simply pointed out that your previous words did not even make sense. What is a corporation? When you say GS, did you mean owners, managers, the rest of employees? Think about that when you refer to them again.
"Do you think “carbon trading” is characteristic of an honorable business?"
Managers of a corporation (if you mean them) are hired hands. They are given, in essence, a single task: to derive profit from operations consistent with a given legal environment. That is what GS management is doing.
I am appalled by carbon trading and all other ruinous things Obama is doing. The blame should be directed at the appalling legal environment, not the management which operates withing that environment.
Link: Commerce Secretary: America needs to pay for China’s emissions
See also post #50.
I am not a leftist, and yes I have often been called that, and worse. I just think GOP has confused conservatism and worship of wealthy and big business. I think it is why they are becoming a minority party.
parsy, the right winger except on economics
I have been asked on another thread where usdebtclock.org gets its numbers. Do you know?
If the Republicans are becoming a minority party because they're not redistributionist enough, then America deserves to fail utterly.
And it will, because--news flash--the poor aren't going to be creating many jobs.
I did not call you names; nor did I say, in particular, that you were a Leftist. I said that you "sound just like the most extreme Leftist," which could be an accident, a result of misunderstanding, etc.
"I just think GOP has confused conservatism and worship of wealthy and big business."
I would be glad to agree with you, or at least debate that point, if I could find any facts that support your view. The alleged Republican support of "big business" is a leftist lie and nothing more than that. Conservatives --- and Republicans used to be conservatives until G.Bush --- are pro-business, any kind and any size business. If you understood how business and markets function, you would know why: pro-business means pro-consumer as well.
"the right winger except on economics"
And that's the root of the problem. Ever since capitalism came into being, liberty existed only where free markets did. One cannot be fully pro-liberty without being pro-capitalism.
I don’t ... haven’t done a search.
The Wall Street pigs that caused this mess are now gorging on US tax payer dollars (5 trillion and counting) and they give themselves huge bonuses to boot. Somebody get a rope.
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