Obama Adviser: 2nd Stimulus Needed, Forget Inflation More insanity. And while the Conservatives were warning of inflation and the Dems were ignoring the issue (with the help of a willing accomplice in the media) now the Dems are admitting there will be an inflation problem and that it is of no concern to them. You watch when the prices go up 20% and see if your paycheck does also.
My cousin is union and not working. His company may pick up a shit load of work if Yellow Freight and Roadway go under and it looks like they likely will. Two of the biggest union freight carriers in the business. Check this guy out he tells it like it really is. http://www.youtube.com/watch?v=W-gH2gAXjAw
The biggest union state in the United States. Congressman: Michigan could hit 20% jobless thanks to Obama Michigan's unemployment rate could hit as high as 20 percent with the Obama administrationto blame, one Michigan congressman warned Friday. Rep. Thaddeus McCotter (R-Mich.) said that Michigan's unemployment — already the highest in the country at 14.1 percent — could go even higher as General Motors and Chrysler continue to shed jobs after their government-financed bankruptcies. "Sadly, we've seen estimates, because of the radical restructuring that the auto task force demanded, that this year, Michigan wind up over 20 percent unemployment," McCotter said during an appearance on a conservative news radio program. The Wolverine State hasn't yet exceeded its previous record for unemployment in modern history, when it reached 16.9 percent in November of 1982. McCotter warned that the effect of such a high jobless number could spread to other states and cities. "That cascading effect throughout the entire economy — and throughout other states — that rely in many ways on the manufacturing base is going to have devastating effects not only to state government, it's going to have devastating effects for local government," McCotter explained.
Inflation is the death of many business, it's their own dam fault if they go under, I just feel sorry for the work force who loose their jobs, not the greedy sods who put up their prices
Joe you really piss me off with this shit sometimes. Thanks to Obama??? Do you actually believe if George Bush was in for a third term this crisis would be over by now?? GIVE IT UP DOUCHE! He had YEARS.... you heard me.... YEARS to correct this problem. He left this country with a shit sandwich to feed on and you want to blame the current president who has been in office no more than 8 months! At least he is TRYING to do something about this economic shitheap and not bailing hay on his ranch every other week. Open your fucking eyes and your mind. Stop following others and think for yourself. I bet you are one of those guys who blindly follows whatever the republican agenda is and agree 100% with assholes like Sean Hannity and Rush Limbaugh who just spray nonsense.
speaking of jobs... Mr. Cheezedawg...good boy... I owe you a blow job. during the election, I said ... " I feel sorry for whoever wins, because we are currently rolling real fast down a steep hill... it will be hard to slow it down, and damn quite impossible to stop" I guess they figured Sarah would have already turned the whole country around no later then 6 months.... you betcha Joe sixpack...
You dumbshit this is like arguing with a retarded person. OK here goes yes if a Republican were in office yes it is true the Democrats would be trying their hardest to destroy the economy just like they successfully did for the eight years Bush was in office. Obama and his ilk were responsible before he came into office. It is Democrats bad regulations such as CRA and lack of regulations where needed that cause the problem. The benefit for the Democrats like Obama is the more they destroy and weaken America the more powerful they become. You know its true if 100 people became unemployed between now and 2012 90 of them will vote for Obama you give them a handout. Just like you Cheespuff.
Now who sounds retarded. The Republicans were in power until 2006. And fuel prices were skyrocketing. How did they lose their power? People saw the way things were and wanted change. We didn't want to be in a war with Iraq. We didn't want to pay 4.50 for a gallon of gas. So democrats were voted in office. Do I want Democrats in power? Not really. But I also don't want Republicans in power either. If people stopped all this "party loyalty" maybe they could get something done in Washington. All I ever hear is "The democrats blocked a bill today set forth by Republican Senator Dumfuck" and vice versa. As for a handout.... when did I ever get one of those? The closest thing I got to a handout was Unemployment Insurance when I wasn't working.... WHICH I PAYED FOR! So it wasn't a gift from the American people. I work very hard everyday in order to make money to pay my bills. My boss sure isn't "handing out" free money to me. If I don't make 12 stops in the Carolinas and Georgia.... then drive to Maine and back to Maryland.... I DONT GET PAID BITCH!!!
So your saying that the Democrats benefited from high gas prices? Agreed. So your saying the Democrats benefited from the Mortgage defaults. Agreed. What was it the Republicans did to cause high gas prices? What was it the Republicans did to cause Mortgage defaults? What happened to your dumb ass screaming Bush went to war for oil cause you know you did. Obama has run the country into the ground in a few short months because that's what he benefits from. Unemployment is twice the Bush average but do you hear the medias doom and gloom drumbeat? No you do not hence sheeple thinking Obama has saved the day. We have the most divided congress ever since Obama took office. Obama with the cooperation of the media has been in the same campaign blitz he was before the election trying to sell Socialism to hand picked crowds who will not call him out for lying. The Democrats refuse to cooperate and acknowledge ANY of MANY Republican health care proposals. Yet the Democrats do not really even have one. They are trying to argue bogus stupid shit like Cancer victims should get treatment. As if Republicans are against cancer treatment. Stupid people are buying it. I challenged anyone a year ago to give me ONE, JUST ONE example of a Bush lie. Remember the "Bush Lied" Mantra from the media. NOONE could point out ONE, NOT EVEN ONE! Would you like for me to outline the Obama lies for you?
U are an idiot. I didn't say Democrats benefited from high gas prices or mortgage defaults. NO ONE BENFITED YOU MORON! What did the republicans do to cause high gas prices? They did nothing! Thats what caused them to rise! They watched as oil companies got rich making record profits. Wonder why the oil-man in the oval office didn't stop it back then. Hmmm. What did republicans do to cause mortgage defaults? Nothing! Again... Bush was too worried about his revenge war in Iraq and trying to justify it to the American people to care about fixing our mortgage problem. I watched the news. I saw congress and the senate all talking about the trucking industry back in 2007. By 2008.... diesel prices had risen to 4.50 a gallon. Tens of thousands of people lost their jobs and their businesses before Bush FINALLY made a deal with the Saudis... whom you call the enemy. I don't know about you... but a Saudi never broke into my house, never stole my money, never held a gun on me, never cut me with a knife outside a redneck bar, or threw rocks at my car. Americans have. You want a Bush lie? How about "We plan to withdraw from Iraq in July." Or how about "Iraq is hiding weapons of mass destruction." Did we ever find those New-Cler weapons? It's amazing we kept that retarded cowboy in office as long as we did. Lowest approval rating in history. Even worse than Nixon and Hoover. That's saying something. I never said it was a war for oil. I wish it was! I was tired of paying 4 bucks for a gallon of gas! This war was supposed to be about finding WMDs. When we didn't find them.. it was time to leave. But did we leave? Of course not! I wonder why? Because it was about making the rich get richer and breaking the American economy. Who are the only people to benefit from this war? Haliburton and the oil companies. Rich people who get Big governent contracts..... which we pay for. GWB got the man who threatened his father.... Cheney got his Haliburton buddies alot of money. everybody won. Except the American people and those soldiers who died while GWB bailed hay on his ranch and played golf. When their children ask "Why did Daddy die?" Mommy can say "Because George Bush sent them into Iraq to die so his buddies could get rich. Your dad was a real patriot." It's amazing you say that Obama ran the country into the ground in a few short months. That's like saying "Obama killed JFK the other day. He was chillin out in his coffin and Obama rolled up in there and blasted his pasty ass!" You can't run a country into the ground when its already there. Grow up and open your mind, Joe. You are the Sheeple you talk about. Because you blindly follow the republican agenda no matter what it may be. I follow neither. My name is Johnny Cheezedawg. And I'm a Libertarian.
The Democrats were elected because of the "Global Warming" Lie. Because of the "Republicans are corrupt and we need to put Democrats in to clean house" lie. Because of the "Bush Lied" lie. Because of the "It's the Republicans fault that people when told 'if you default big brother will bail you out of your ridicules ARM loan' stopped paying on their stupid ass ARM loans" lie. Because of the "Oil companies are making record profits off the backs of the people" lie. Hey dumb fuck the only people that made record profits off of the gasoline prices that BTW YOU ARE STILL PAYING. Were Middle Eastern "Muslim" oil family's, and Democratic hero Hugo Chavez. "We went to war for oil" guess what their little sheep-boy that is one of the more obvious lies of them all. Run the country into the ground? Hahahahaha! Show me the real numbers fucktard before the Democrats got into office in 2006. Unemployment was less than half what it is now and about to be less than a third. You lied and said you were concerned about the deficit being run up by the cost of the war. You are a liar Cheese and its obvious because Obama's Stimulus is costing three times more in the span of a few months than the Iraq war cost in 6 years. You Cheese puff are a liar. Just like your hero's Obama, Hugo Chavez, Chairman Mao, Joseph Stalin ans all the reset of the sycophant parasites who made a living off of the fable of Socialism Utopia.
Stiglitz Says Banking Problems Are Now Bigger Than Pre-Lehman Sept. 13 (Bloomberg) -- Joseph Stiglitz, the Nobel Prize- winning economist, said the U.S. has failed to fix the underlying problems of its banking system after the credit crunch and the collapse of Lehman Brothers Holdings Inc. “In the U.S. and many other countries, the too-big-to-fail banks have become even bigger,†Stiglitz said in an interview today in Paris. “The problems are worse than they were in 2007 before the crisis.†Stiglitz’s views echo those of former Federal Reserve Chairman Paul Volcker, who has advised President Barack Obama’s administration to curtail the size of banks, and Bank of Israel Governor Stanley Fischer, who suggested last month that governments may want to discourage financial institutions from growing “excessively.†A year after the demise of Lehman forced the Treasury Department to spend billions to shore up the financial system, Bank of America Corp.’s assets have grown and Citigroup Inc. remains intact. In the U.K., Lloyds Banking Group Plc, 43 percent owned by the government, has taken over the activities of HBOS Plc, and in France BNP Paribas SA now owns the Belgian and Luxembourg banking assets of insurer Fortis. While Obama wants to name some banks as “systemically important†and subject them to stricter oversight, his plan wouldn’t force them to shrink or simplify their structure. Stiglitz said the U.S. government is wary of challenging the financial industry because it is politically difficult, and that he hopes the Group of 20 leaders will cajole the U.S. into tougher action. G-20 Steps “We aren’t doing anything significant so far, and the banks are pushing back,†he said. “The leaders of the G-20 will make some small steps forward, given the power of the banks†and “any step forward is a move in the right direction.†G-20 leaders gather next week in Pittsburgh and will consider ways of improving regulation of financial markets and in particular how to set tighter limits on remuneration for market operators. Under pressure from France and Germany, G-20 finance ministers last week reached a preliminary accord that included proposals to claw-back cash awards and linking compensation more closely to long-term performance. “It’s an outrage,†especially “in the U.S. where we poured so much money into the banks,†Stiglitz said. “The administration seems very reluctant to do what is necessary. Yes they’ll do something, the question is: Will they do as much as required?†Global Economy Stiglitz, former chief economist at the World Bank and member of the White House Council of Economic Advisers, said the world economy is “far from being out of the woods†even if it has pulled back from the precipice it teetered on after the collapse of Lehman. “We’re going into an extended period of weak economy, of economic malaise,†Stiglitz said. The U.S. will “grow but not enough to offset the increase in the population,†he said, adding that “if workers do not have income, it’s very hard to see how the U.S. will generate the demand that the world economy needs.†The Federal Reserve faces a “quandary†in ending its monetary stimulus programs because doing so may drive up the cost of borrowing for the U.S. government, he said. “The question then is who is going to finance the U.S. government,†Stiglitz said.
The president’s chief economic adviser warned Friday that the nation’s unemployment rate could stay “unacceptably high†for years to come Election trouble brewing for House Dems in 2010 Sep 13, 12:01 PM (ET) By BETH FOUHY NEW YORK (AP) - Despite sweeping Democratic successes in the past two national elections, continuing job losses and President Barack Obama's slipping support could lead to double-digit losses for the party in next year's congressional races and may even threaten their House control. Fifty-four new Democrats were swept into the House in 2006 and 2008, helping the party claim a decisive majority as voters soured on a Republican president and embraced Obama's message of hope and change. Many of the new Democrats are in districts carried by Republican John McCain in last year's presidential contest; others are in traditional swing districts that have proved tough for either party to hold. From New Hampshire to Nevada, House Democrats also will be forced to defend votes on Obama's $787 billion economic recovery package and on energy legislation viewed by many as a job killer in an already weak economy. Add to that the absence of Obama from the top of the ticket, which could reduce turnout among blacks, liberals and young people, and the likelihood of a highly motivated GOP base confused by the president's proposed health care plan and angry at what they consider reckless spending and high debt. Taken together, it could be the most toxic environment for Democrats since 1994, when the party lost 34 House incumbents and 54 seats altogether. Democrats currently have a 256-178 edge in the House, with one vacancy. Republicans would have to pick up 40 seats to regain control. "When you have big sweeps as Democrats did in 2006 and 2008, inevitably some weak candidates get elected. And when the environment gets even moderately challenging, a number of them are going to lose," said Jack Pitney, a political science professor at Claremont McKenna College in California. Since the mid-19th century, the party that controls the White House has lost seats in virtually every midterm election. The exceptions were in 1934, when President Franklin D. Roosevelt navigated the Great Depression, and in 2002, after the attacks of Sept. 11, 2001, strengthened George W. Bush's image as a leader. With history as a guide, Rep. Chris Van Hollen, D-Md., who heads the party's House campaign committee, said he has warned colleagues to be prepared for an exceptionally challenging environment going into 2010. But Van Hollen said voters will make their choices on the strength of the national economy and will reward Democrats for working aggressively to improve it. "We passed an economic recovery bill with zero help from Republican colleagues," he said. "I think voters will see that and will ask themselves, 'Who was there to get the economy moving again, and who was standing in the way?'" Democrats have gotten off to a much faster start than Republicans in fundraising for 2010. The Democratic Congressional Campaign Committee had $10.2 million in the bank at the end of July, with debts of $5.3 million. The National Republican Congressional Committee had just $4 million in cash and owed $2.75 million. The economy poses the biggest problem for Democrats, with job losses of 2.4 million nationwide since Obama took office. Despite recent signs the country is pulling out of the recession, the unemployment rate in 15 states still was in double digits in July, led by Michigan at 15 percent. Democrats must defend as many as 60 marginal seats next year, as opposed to about 40 for Republicans. Among those, about 27 Democratic and just 13 Republican seats are seen as especially ripe for a party switch. Some involve incumbents stepping down to run for higher office. For example, Rep. Joe Sestak, D-Penn., is mounting a primary challenge to Sen. Arlen Specter. Sestack's seat, until then safely Democratic, now becomes a top GOP target. The same goes for Louisiana Rep. Charlie Melancon, a Democrat in a GOP-leaning district who also is seeking a Senate seat. But Republicans are on the losing side of that equation as well. Two Republicans in heavily Democratic districts - Reps. Mark Kirk of Illinois and Joe Gerlach of Pennsylvania - are vacating their seats to run for Senate and governor, respectively. At least one Republican is considered extremely vulnerable: Joseph Cao of Louisiana, who defeated Democrat William Jefferson after the nine-term incumbent was indicted on corruption charges. The district, which includes most of New Orleans, is considered one of the most Democratic in the country. Beyond that, most of the closest races involve Democrats who rode the Obama tide in 2008. They include at least four in Ohio, a perennial presidential swing state that has been battered for years by a persistently weak economy. Two represent bellwether areas: Rep. Mary Jo Kilroy, whose district covers most of Columbus and its suburbs, and Rep. Steve Driehaus, whose district includes much of Cincinnati and its suburbs. Each won with the help of a strong showing among Obama supporters, and each faces face a rematch with the candidate who narrowly lost last year. "I don't know if Kilroy or Driehaus have any particular problems, but we have a bad economy, the president's popularity has gone down, and conservatives are aroused and angry about government spending, cap and trade and the health care plan," said John Green, a political science professor at the University of Akron. Indeed, the "cap and trade" bill that narrowly passed the House last spring is creating headaches for several Democrats. The legislation, which would cap carbon emissions and tax industries that exceed the cap as a way to reduce global warming, is largely unpopular in areas of the country where jobs rely on oil, gas or coal production. One Democrat most affected is New Mexico Democrat Harry Teague. His district, which McCain carried last year, is one of the largest oil and gas producing areas in the country, and Teague has faced angry crowds back home ever since voting yes. Teague will face Republican Steve Pearce, who held the seat for three terms before giving it up to run unsuccessfully for the Senate last year. Without Obama on the ticket, a lower predicted black turnout in 2010 could also affect Democrats in several tight races in the South. These include Reps. Bobby Bright and Parker Griffith of Alabama, Travis Childers of Mississippi, and Tom Perriello of Virginia, who won by just 745 votes last year in a district that is 24 percent black. Concerns about Obama's health care plan and the mounting federal debt could ensnare two first-term Florida Democrats, Alan Grayson and Suzanne Kosmas. Both represent districts along the state's competitive I-4 corridor, which is heavily populated by independent voters and retirees. Polls show Obama has lost ground among both of those demographic groups nationwide. (This version CORRECTS stimulus amount from $757 billion to $787 billion.)
Big Firms, Little Competition Mark Federal Stimulus Deals By LOUISE RADNOFSKY WASHINGTON -- The biggest recipients so far of the federal contracts awarded with stimulus money are large companies that faced little competition for the funds. Most of the money that has flowed from the $787 billion stimulus plan since it was passed six months ago has gone to the states. But about 22,000 federal contracts with a total value of around $12 billion have been signed with companies, according to a public database of the deals. Companies faced no competition in about a fifth of the dollars and almost all of the contracts agreed to so far have had four bidders or fewer, the records show. The reported contracts include millions of dollars for big-name food, drug and auto companies. Del Monte Foods Co. and Hormel Food Corp.'s Jennie-O Turkey unit are providing supplies for food pantries, and so are private-label firms such as Lakeside Foods. Drug makers GlaxoSmithKline PLC, Merck & Co., Novartis AG and a unit of Sanofi Aventis Group are supplying extra vaccines for the Centers for Disease Control and Prevention. Chrysler Group LLC, Ford Motor Co. and General Motors Co. are selling hybrids and other fuel-efficient vehicles to the General Services Administration for the federal fleet. The database also includes details of goods and services, from tree-thinning and cables to uniforms and advertising. About a fifth of the contracts were awarded to small vendors, according to the Small Business Administration. The single biggest chunk of the money going to companies -- about $4 billion -- has been doled out to speed cleanup at Cold War-era nuclear sites. The money has flowed to those companies quickly, in part because the Department of Energy was already working with them on the projects. The biggest recipient so far is Savannah River Nuclear Solutions, a management corporation created to handle cleanup at the South Carolina site, which has $1.28 billion of contracts. The corporation's partners include Fluor Corp., Northrop Grumman Corp. and Honeywell International Inc. URS Corp., Energy Solutions and CH2M Hill are among the companies carrying out similar work in Hanford, Wa. The $4 billion in nuclear-cleanup contracts translates into 5,100 jobs created and 1,967 saved, according to the Energy Department's Office of Environmental Management. The department has an initial estimate that its $6 billion in nuclear-cleanup funding will create or save 10,000 jobs for two and a half years. The cleanup companies are creating jobs for workers who don't have special skills, as well as professionals and unionized construction workers. "There are some jobs that are for specialists, but there are many jobs that are for individuals who are willing to be trained," said Inés Triay, assistant secretary for environmental management. "We have a lot of indications that many people are coming to these jobs from unemployment status." At the Hanford site, one of the largest groups of new hires is 30 radiological-control technicians, said John Britton, a spokesman for Washington River Protection Solutions, one of the joint ventures handling the work. They are all recent high-school graduates or career changers under the age of 35 who are finishing on-the-job training and earning about $20 an hour to learn how to keep the rest of the cleanup workers safe. They were recruited through ads in regional newspapers and fought off 470 other applicants to land the jobs.
Obama supporter rapes wheelchair bound man. Sep 11, 2009 11:53 pm US/Eastern Police: Male Suspect Raped Wheelchair-Bound Man TREDYFFRIN, Pa. (CBS 3) ― Investigators in Chester County say they apprehended a suspect who allegedly raped a wheelchair-bound man in a supermarket bathroom. Investigators said they arrested suspect Brian Parks Thursday evening at a Center City homeless shelter in connection to the August 8 incident. According to investigators, the 54-year-old Parks stands accused of raping a man who was confined to a wheelchair inside the bathroom of a Paoli ACME. "We feel totally comfortable that this is the individual who is responsible for the heinous crime at the ACME," Sgt. Jack Bailey of the Tredyffrin Police Department explained. Investigators said Parks allegedly locked his victim in a bathroom stall during the assault. According to an arrest warrant, Parks "pulled his wheelchair backwards … forcefully remove the victim … and throw him to the floor." While being led into a police cruiser with a sweatshirt over his head, Parks said to reporters: "Find yourself some real crime to deal with." Investigators said Parks has an arrest record that spans through several states. He is being at the Chester County Prison in lieu of $225,000 bail.
I love how you add "Obama supporter" to that headline. Here's another headline for ya. Bush supporter posts yet another retarded remark at fugly.com. Hell. The taliban supported Bush in the 2004 election. Here's a good headline for you Joe. Bush Supporter flies two planes into the world trade center. Oh here's another! McCain Supporter scams 1000s with a ponzi (sp) scheme. You wanna post more dumb shit? I can find just as many criminals who support republican candidates as democrats. You use the media just like the liberals do. Spinning everything to match your agenda. You are one sorry hypocritical bastard.
