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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Benny B on September 29, 2011, 04:14:36 AM
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Obama’s Jobs Plan Prevents Election-Year Recession in Survey of Economists
By Timothy R. Homan - Sep 28, 2011
President Barack Obama’s $447 billion jobs plan would help avoid a return to recession by maintaining growth and pushing down the unemployment rate next year, according to economists surveyed by Bloomberg News.
The legislation, submitted to Congress this month, would increase gross domestic product by 0.6 percent next year and add or keep 275,000 workers on payrolls, the median estimates in the survey of 34 economists showed. The program would also lower the jobless rate by 0.2 percentage point in 2012, economists said.
Economists in the survey are less optimistic than Treasury Secretary Timothy F. Geithner, who has cited estimates for a 1.5 percent boost to gross domestic product. Even so, the program may bolster Obama’s re-election prospects by lowering a jobless rate that has stayed near 9 percent or more since April 2009.
The plan “prevents a contraction of the economy in the first quarter” of next year, said John Herrmann, a senior fixed-income strategist at State Street Global Markets LLC in Boston, who participated in the survey. “It leads to more retention of workers than net new hires.”
Some 13,000 jobs would be created in 2013, bringing the total to 288,000 over two years, according to the survey. Employers in the U.S. added 1.26 million workers in the past 12 months, Labor Department data show.
Obama’s plan, announced on Sept. 8, calls for cutting the payroll taxes paid by workers and small businesses while extending unemployment insurance. It also includes an increase in infrastructure spending and more aid for cash-strapped state governments.
‘What Happens?’
“The important thing to consider is: What happens if we don’t do anything?” said Scott Brown, chief economist at Raymond James & Associates Inc. in St. Petersburg, Florida. He said the program “very well could” forestall a recession in early 2012.
“Most of all, it prevents a serious drag on the economy next year” from current programs expiring, said Brown, who estimates the Obama plan would add 0.5 percent to GDP in 2012.
A reduction in government spending, the end of the payroll- tax holiday and an expiration of extended unemployment benefits would cut GDP by 1.7 percent in 2012, according to JPMorgan Chase & Co. chief U.S. economist Michael Feroli in New York. Instead, the Obama proposal makes up for that potential loss and may add a net 0.1 percent to the economy, he estimates.
State Aid
Tax cuts account for more than half the dollar value of the Obama plan, which also includes $105 billion in spending for school modernization, transportation projects and rehabilitation of vacant properties, according to a White House fact sheet. The proposal includes $35 billion in direct aid to state and local governments to stem dismissals of educators and emergency personnel.
“Some of this is just extending support that was already in place,” said Julia Coronado, chief economist for North America at BNP Paribas in New York. “The actual jobs programs themselves, I don’t think that they’re a game-changer.”
She estimates the proposal will add 200,000 new workers, while retaining about 300,000 jobs that might otherwise be lost.
Republican lawmakers in Congress have expressed opposition to parts of the White House legislation. House leaders object to Obama’s plan to cut payroll taxes, saying it would lead to an overly large boost in taxes when the temporary break ended.
Tax Burden
In a memo to House Republicans on Sept. 16, House Speaker John Boehner, Majority Leader Eric Cantor and other leaders detailed several criticisms of the payroll-tax idea. The lawmakers said an added tax burden would result when, under the president’s plan, an extension and expansion of a “holiday” on such taxes for employees and employers would expire in 2013.
Herrmann agreed. “We’re setting ourselves up for a big end to the sugar high in the first half of 2013,” he said.
A majority of Americans don’t believe Obama’s jobs proposal will help lower the unemployment rate, according to a Bloomberg National Poll conducted Sept. 9-12 by Selzer & Co. of Des Moines, Iowa.
“It’s not really going to have anything more than a marginal impact,” said Stephen Stanley, chief economist at Pierpont Securities LLC in Stamford, Connecticut. “It’s just maintaining the status quo: extending the payroll-tax cuts and unemployment benefits. The bulk of the money is going to go to firms that would’ve hired anyway.”
Stanley estimated the program would increase payrolls by 50,000 and add 0.25 percent to GDP next year.
Fiscal Policy
While the White House hasn’t given an estimate of how the proposal would affect GDP, Geithner cited the plan Sept. 24 in an address at the annual meeting of the International Monetary Fund. Without additional near-term support, “fiscal policy in the U.S. will be overly contractionary and the U.S. economy will likely grow below its potential in 2012,” Geithner said.
He said private economists estimate the proposal could increase real economic growth next year by around “one and a half percentage points and create more than 1 million jobs at a critical moment in the recovery.”
In the Bloomberg survey, Goldman Sachs Group Inc. estimated the plan would add 1.5 percent to the economy, while Macroeconomic Advisers LLC said 1.3 percent and UniCredit Research, up to 2 percent.
The U.S. economy faces “significant downside risks,” the Federal Reserve said in a statement on Sept. 21 as it announced a plan to shift $400 billion of its Treasury securities holdings into longer-term debt to bring down borrowing costs.
The world’s largest economy grew 3 percent last year before slowing to a 0.4 percent annual pace in the first three months of 2011, followed by 1 percent in the second quarter, according to Commerce Department figures.
The economy will expand 2.2 percent next year, according to a separate Bloomberg survey of economists conducted Sept. 2 to Sept. 7. The same survey said the unemployment rate would average 8.8 percent in 2012.
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Table of Forecasts
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GDP GDP Jobs (thous) UR Change
2012 2013 2012 2013 2012 2013
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Median 0.6 0.2 275 13 -0.2 -0.1
Count 34 30 28 28 28 26
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Action Eco 0.0 0.0 0 0 0.0 0.0
AIG 0.7 0.1 250 100 -0.5 -0.2
Aletti 0.4 0.0 n/a n/a n/a n/a
Anderson Eco 0.5 0.5 500 500 -0.5 n/a
BBVA 1.3 0.9 900 900 -0.8 -0.7
BNP Paribas 0.5 -0.3 500 -300 n/a n/a
Clearview Eco 0.8 0.8 750 750 -0.5 -0.5
DB 0.0 0.0 0 0 0.0 0.0
Econoclast 0.0 0.0 0 0 0.0 0.0
Euler Hermes 0.0 0.0 0 0 0.0 0.0
Fact & Opinion 0.5 0.5 500 1,000 -0.1 -0.3
Faifield n/a n/a 300 200 -0.2 -0.3
Fannie Mae 0.7 0.0 500 0 0.0 0.0
Goldberg Inv n/a n/a 150 100 n/a n/a
Goldman Sachs 1.5 n/a n/a n/a n/a n/a
Guerrilla 1.5 -1.0 200 0 -0.2 n/a
H. Johnson 0.2 0.3 25 45 0.2 0.2
JP Morgan 0.1 n/a n/a n/a n/a n/a
MacroEco 1.3 n/a n/a n/a n/a n/a
MacroFin 1.5 1.5 1,000 1,000 -1.0 -1.0
Manulife 1.5 0.5 2,000 700 -1.0 -0.3
Mizuho 0.2 0.0 n/a n/a n/a n/a
Moodys 2.0 1.0 1,000 0 -1.0 -0.4
NFIB 0.0 0.0 0 0 0.0 0.0
Niagara 1.0 0.1 125 0 0.0 0.0
Nord 0.4 0.5 n/a n/a -0.2 -0.4
Parsanec 0.5 0.5 1,100 700 -1.0 -0.5
Pierpont 0.3 0.0 50 0 -0.2 0.0
Raymond James 0.3 0.2 350 25 -0.5 -0.1
SPSU 0.9 0.1 110 0 0.0 0.0
SocGen 1.7 0.8 1 1 -0.4 -0.2
State Street 1.2 -1.0 340 -370 -0.2 0.3
Standard Charter 1.0 0.5 600 300 0.0 0.0
Unicredit 2.0 n/a n/a n/a n/a n/a
W Hummer 0.2 0.2 150 200 -0.1 -0.1
J Forest 1.0 1.0 n/a n/a -1.0 -0.5
============================================================
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The bill's being held up IN THE SENATE. Reid is dragging his feet (and who can blame him). It won't pass there or in the House.
But, why let facts stand in the way of your Obama worshipping?
Reid in no rush to pass Obama jobs bill
Despite President Barack Obama’s urgency to “pass this bill now,” the American Jobs Act may have to wait until next month, or later, before Senate Majority Leader Harry Reid even brings it to the floor for a vote.
In his speech to a joint session of Congress last week, Obama implored lawmakers to pass the bill and its $477 billion price tag immediately. And this week, the Democratic National Committee (DNC) launched a campaign of web and television ads touting the bill and rallying support for its passage.
None of that may matter, since Reid’s response has been more of a careless shrug. It’s not surprising, though, considering the discontent surrounding the bill from Senate Democrats.
Democratic Sen. Jim Webb of Virginia called the president’s ideas for paying for the billy “terrible.”
“We shouldn’t increase taxes on ordinary income. … There are other ways to get there,” he added. (RELATED: Obama’s jobs bill has charitable givers reeling)
Even Sen. John Kerry, the liberal lion from Massachusetts, doubts the bill will pass in full: “I don’t think anybody expects it to pass en bloc. So, the issue is going to be what, if any, parts of it might be cherry-picked.”
Other Democrats are upset over the bill’s offsets. The Alaska delegation opposes singling out the oil industry’s tax loopholes. In short, Obama’s plan to solve the nation’s jobs crisis is proving to be a difficult sell even to his own party.
“Senator Reid has a problem in his own caucus,” Brian Phillips, Communications Director for Sen. Mike Lee of Utah, told The Daily Caller. “Nearly a dozen Democrats have said the president’s plan is ‘terrible’, ‘unfair’, that it ‘won’t fly’, or that it couldn’t pass as is.”
“If the president’s own party can’t agree, I would be surprised to see any action before the end of the month,” Phillips added. “Republicans are exposing the president’s plan as ‘Stimulus 2,’ a predictable rehash of the president’s failed 2009 stimulus that throws borrowed money down the black hole of government spending. We’ll respond with measures that create jobs by lessening the burden of the federal government on families and businesses, such as the Regulation Moratorium and Jobs Preservation Act and the REINS Act.”
On Tuesday, Reid told reporters that when it comes to specific pieces of legislation, he has other priorities before he gets to the jobs bill. They include the FEMA bill, several trade bills, and a bill on the Chinese currency.
“So we have an infrastructure bill,” said Reid. “We’ll likely do that next work period. … I don’t know exactly what I need to do yet with the — with the president’s jobs bill.”
Reid will be meeting with the full Democratic caucus on Thursday, however, to discuss the party’s plan moving forward.
Republicans are expecting to take up the bill in pieces, rather than on an all-or-nothing basis.
Read more: http://dailycaller.com/2011/09/14/reid-in-no-rush-to-pass-obama-jobs-bill/#ixzz1ZMCkR1Y6
http://dailycaller.com/2011/09/14/reid-in-no-rush-to-pass-obama-jobs-bill/ (http://dailycaller.com/2011/09/14/reid-in-no-rush-to-pass-obama-jobs-bill/)
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Wrong......try again dumbass. The left wants things bad so society depends more on the government. This creates more of a socialist society like Europe. Why do you think Democrats don't want to seriously attack the deficit. It's a George Soros wet dream.
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I stopped reading at the "maintaining growth" part.
What a joke.
8)
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Fail......
t’s as if Solyndra never happened. The Obama Administration is giving $737 million to a Tonopah Solar, a subsidiary of California-based SolarReserve. PCG is an investment partner with SolarReserve. Nancy Pelosi’s brother-in-law happens to be the number two man at PCG.
Obama admires solar panels during a trip to Florida. (Yahoor)
Team Obama is spending $737 million to create 45 permanent jobs.
The Hill reported, via Free Republic:
The Energy Department announced Wednesday that is has finalized a $737 million loan guarantee for a Nevada solar project.
The decision comes several weeks after a California-based solar manufacturer that received a $535 million loan guarantee from the Obama administration in 2009 filed for bankruptcy and laid off 1,100 workers, setting off a firestorm in Washington.
The $737 million loan guarantee will help finance construction of the Crescent Dunes Solar Energy Project, a 110-megawatt solar-power-generating facility in Nye County, Nev. The project is sponsored by Tonopah Solar, a subsidiary of California-based SolarReserve.
Crescent Dunes is the latest solar project to receive a loan guarantee from the Energy Department in recent weeks. The department announced a $1.2 billion loan guarantee to Abengoa Solar for a solar generation project in California and a $150 million loan guarantee to 1366 Technologies for a Massachusetts solar manufacturing project earlier this month.
The Energy Department says the project will result in 600 construction jobs and 45 permanent jobs.
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Somebody MIGHT want to change the name of this thread.
Dick Durbin: We Can’t Pass This Unfunded Jobs Bill
Note well: It’s not due to Republican opposition. Durbin says he can’t even get every member of his own caucus on board.
Senate Majority Whip Dick Durbin (D-Ill.) said that, at the moment, Democrats don’t have the votes to pass President Obama’s jobs bill, but Durbin added that that would change.
“Not at the moment, I don’t think we do but, uh, we can work on it,” Durbin said according to Chicago radio station WLS…
“The oil-producing state senators don’t like eliminating or reducing the subsidy for oil companies, “Durbin said. “There are some senators who are up for election who say I’m never gonna vote for a tax increase while I’m up for election, even on the wealthiest people. So, we’re not gonna have 100% Democratic senators. That’s why it needs to be bi-partisan and I hope we can find some Republicans who will join us to make it happen.”
Bad news for Obama? Hardly.
He always knew the bill would never pass. He loaded it up with all sorts of crap he knew neither Republicans nor moderate Democrats could accept. He didn’t want to pass a jobs bill. He wanted it known that he introduced one.
Why? So he can blame this crappy economy and jobs market on Congress — including his fellow Democrats — next year. He wants the credit for “trying” without actually having to do anything. So he’ll introduce an awful “jobs” bill, it’ll die in Congress as planned, and he’ll blame them for the high unemployment.
But wait, you say. That means he’ll end up having to blame Democrats, too. Shove the blame off on his own party? Sure. Barack Obama is about Barack Obama. He has already demonstrated his willingness to throw anyone and anyone under the bus if politics demands as much. He even vilified his own grandmother for votes.
http://amerpundit.com/2011/09/29/dick-durbin-we-cant-pass-this-unfunded-jobs-bill/
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Somebody MIGHT want to change the name of this thread.
Dick Durbin: We Can’t Pass This Unfunded Jobs Bill
HAPPY FRIDAY, Tobey! ::)
(http://schoolworkhelper.net/wp-content/uploads/2011/05/Uncle-Tom%E2%80%99s-Cabin.png)
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HAPPY FRIDAY, Tobey! ::)
(http://schoolworkhelper.net/wp-content/uploads/2011/05/Uncle-Tom%E2%80%99s-Cabin.png)
How can you misspell a 4-letter word!? Cripes. ::)
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How can you misspell a 4-letter word!? Cripes. ::)
"Tobey" is a name, and therefore does not have a proper spelling.
"Cripes", indeed. ::)
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There is no such thing as a jobs bill, the government cannot create jobs.
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How can you misspell a 4-letter word!? Cripes. ::)
D'oh! :P
Tobey Maguire
(http://upload.wikimedia.org/wikipedia/commons/e/e4/Tobey_Maguire_2007_Shankbone.jpg)
This is what happens when you try too hard...you make an idiotic post like "dr. chimps".
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There is no such thing as a jobs bill, the government cannot create jobs.
dunderhead
MYTH: The federal government cannot create jobs.
The next time you ride through the intersection of State Road 85 and SR 123, notice the workers and imagine all the people providing materials and transportation to the site.
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D'oh! :P
Tobey Maguire
(http://upload.wikimedia.org/wikipedia/commons/e/e4/Tobey_Maguire_2007_Shankbone.jpg)
This is what happens when you try to hard...you make an idiotic post like "dr. chimps".
Awesome. You misspelled a 3-letter word. ::)
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Should the debt and trade deficit not be a concern or do you agree with Cheny when he said that deficits don't matter?
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Awesome. You misspelled a 3-letter word. ::)
Awesome that I corrected the typo before I even saw your post. ;)
Get a life bud, and stop derailing this thread with your drivel.
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"Tobey" is a name, and therefore does not have a proper spelling.
"Cripes", indeed. ::)
::) You're a total idiot.
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How can you misspell a 4-letter word!? Cripes. ::)
Obama's scrotum is blocking his view.
Of course, our resident "Hope and Change" cheerleader just had the gist of his thread ripped apart. When confronted with the facts, he melts like butter on a blowtorch.
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Should the debt and trade deficit not be a concern or do you agree with Cheny when he said that deficits don't matter?
Who is this question for, given that it does not contain a quote? ???
And please elaborate on the issue of who it is that believes a debt and trade deficit should "not be a concern."
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It's easy, when you leave your brain at the door, and pledge yourself to Obama sack-swallowing.
Of course, our resident "Hope and Change" cheerleader just had the gist of his thread ripped apart. When confronted with the facts, he melts like butter on a blowtorch.
Well, I'll allow Noah's Ark if we can drop Benny and 3.14 to bottom of a Biblical abyss.
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Obama's scrotum is blocking his view.
I can only imagine how much time you spend thinking about Obama's "scrotum", Tobey. :-X
Of course, our resident "Hope and Change" cheerleader just had the gist of his thread ripped apart. When confronted with the facts, he melts like butter on a blowtorch.
Those voices inside your head must be speaking pretty loudly today. :-\
I must say, your Mantan McMoron act never ceases to amaze. Tomming and "coonery and buffoonery" abound.
(http://charliechanfamily.tripod.com/sitebuildercontent/sitebuilderpictures/castmoreland.jpg)
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Well, I'll allow Noah's Ark if we can drop Benny and 3.14 to bottom of a Biblical abyss.
Your sentence structure is grammatically incorrect, "dr. chimps." :P
I'm not going anywhere...thanks, fuck off.
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::) You're a total idiot.
(http://whatladder.files.wordpress.com/2010/11/butthurtometer.gif)
You're an imbecile.
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Your sentence structure is grammatically incorrect, "dr. chimps." :P
I'm not going anywhere...thanks, fuck off.
Aside from a (possible) comma, show me. :)
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LMFAO! ! ! ! ! ! ! !
The Democrats are ther ones who refuse to pass this mess.
Yeah, lets give Obamadoff more money to piss away on more Solyndras. Brilliant idea. ::) ::) ::)
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I can only imagine how much time you spend thinking about Obama's "scrotum", Tobey. :-X
Those voices inside your head must be speaking pretty loudly today. :-\
I must say, your Mantan McMoron act never ceases to amaze. Tomming and "coonery and buffoonery" abound.
(http://charliechanfamily.tripod.com/sitebuildercontent/sitebuilderpictures/castmoreland.jpg)
(http://whatladder.files.wordpress.com/2010/11/butthurtometer.gif)
You're an imbecile.
And one can only imagine how much time you spend, thinking about hurting another guy's butt.
The buffoonery is on your end, O boneheaded one. The title of your thread has been shot to pieces. Reid has YET to bring up the bill and is in no hurry to do so. Durbin has stated that the Dems DO NOT have the vote to pass it in the Senate.
But, why let the facts stop you from your quest to replace Amber Lee Ettinger as the new Obama Girl?
Your sentence structure is grammatically incorrect, "dr. chimps." :P
I'm not going anywhere...thanks, fuck off.
Of course, he's not going anywhere. He'd rather hide here and wait until the mods move his thread, rather than go to the Political Forum and get beat down, as usual.
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Aside from a (possible) comma, show me. :)
Well, I'll allow Noah's Ark if we can drop Benny and 3.14 to the bottom of a Biblical abyss.
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Ha! Like a fish to water, 3.14 is chummed. ;D
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LMFAO! ! ! ! ! ! ! !
The Democrats are ther ones who refuse to pass this mess.
Yeah, lets give Obamadoff more money to piss away on more Solyndras. Brilliant idea. ::) ::) ::)
I see the sad PEA BRAIN fellow has entered the fray.
:(
(http://milwaukeecountyfirst.com/wp-content/uploads/2010/02/mental-illness-awareness1.jpg)
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Chu takes responsibility for a loan deal that put more taxpayer money at risk in Solyndra
By Carol D. Leonnig and and Joe Stephens, Published: September 29
http://www.washingtonpost.com/politics/chu-takes-responsibility-for-a-loan-deal-that-put-more-taxpayer-money-at-risk-in-solyndra/2011/09/29/gIQArdYQ8K_print.html
Energy Secretary Steven Chu acknowledged Thursday making the final decision to allow a struggling solar company to continue receiving taxpayer money after it had technically defaulted on a $535 million federal loan guaranteed by his agency.
Chu spokesman Damien LaVera said in a statement that the secretary approved the restructuring agreement for Solyndra because it gave the company “the best possible chance to succeed in a very competitive marketplace and put the company in a better position to repay the loan.”
Also Thursday, a law enforcement official confirmed that the criminal probe of Solyndra is focused on whether the company and its officers misrepresented the firm’s finances to the government in seeking the loan or engaged in accounting fraud. The official spoke on the condition of anonymity because of the sensitivity of the probe.
On the political front, Chu’s admission came as some members of Congress were asking whether Chu went too far in trying to help the company before it went into bankruptcy, leaving taxpayers on the hook for the loan.
Chu, a Nobel laureate and physicist who came to the administration from academia, arrived in Washington with a mandate to push billions of dollars in stimulus funds into clean-energy companies and projects. With keen White House interest, Chu rode herd over an $80 billion showcase initiative that was supposed to spur a new “green” industry and economic growth.
Solyndra was the first company approved for a loan guarantee under the Obama administration; its application originated several years earlier during George W. Bush’s presidency. Early on, there were concerns about Solyndra’s finances, but the company was still endorsed by President Obama and received high-profile support from Chu. Both visited the firm at different press events. Chu flew to California to announce the loan approval at the groundbreaking for a $750 million factory that was built mostly with funds from the loan.
In announcing the Solyndra deal in March 2009, Chu boasted of the “speed at which the department can operate,” according to an agency news release.
“Secretary Chu initially set a target to have the first conditional commitments out by May . . . but today’s announcement significantly outpaces that aggressive timeline,” the release said.
In April 2010, the company’s auditors raised doubts about whether the company could continue as a “going concern” because of cash-flow problems. The following month, Obama visited the company to praise it as an “engine of growth.”
In late autumn of 2010, company executives confided to the Energy Department that they were running out of cash and could not make a required payment to a cash-reserve account. The company was supposed to begin making the first of $5 million payments to create a $30 million cash reserve on Dec. 1.
Solyndra officially defaulted on its loan that day. Chu approved a softening of the loan requirements so that the company could continue receiving loan installments.
“Ultimately, the choice was between imminent liquidation or giving the company and its workers a fighting chance to succeed,” LaVera said in the statement, first reported by Politico.
The agency authorized the Federal Financing Bank to give two additional cash installments to Solyndra — one in December 2010 and another in January 2011. Both payments came before Energy Department officials finalized a deal to restructure the loan and forestall the company’s collapse in late February.
On Capitol Hill, Republicans continued to complain Thursday that the Obama administration and Chu had not protected taxpayers.
“Why was the leadership at DOE so stubborn, ignoring every warning sign that Solyndra was a bad bet, continuing to throw good money after bad right up until Solyndra’s fate was sealed and taxpayers were left holding the bag on DOE’s $535 million bust?” said Rep. Cliff Stearns (R-Fla.), chairman of the House Energy and Commerce oversight and investigations subcommittee.
Chu is tentatively scheduled to appear before the subcommittee next month. The House probe seeks to determine whether the White House sought to help Solyndra for political reasons. The nature of the separate criminal probe was first reported in an online story by Bloomberg News on Thursday evening. The leading private investors in Solyndra were investment funds tied to Oklahoma billionaire George Kaiser, a prominent fundraiser for Barack Obama’s 2008 presidential campaign.
Some Democrats also have questioned Chu’s decision, including Rep. Henry A. Waxman (Calif.), the ranking Democrat on the Energy and Commerce Committee.
Rep. Gene Green (D-Tex.) said Thursday that he wants to know why Chu restructured Solyndra’s loan to put taxpayers behind a group of private investors to be repaid if the company went bankrupt. Two investors, including an equity fund tied to Kaiser, provided an additional $75 million to keep the company afloat.
“I guess I’m surprised that Secretary Chu made the decision earlier this year to give the private sector priority over the federal commitment, because your fiduciary duty is to the taxpayer, and not to an applicant. . . . Your responsibility is to the American people,” Green said.
Staff writer David A. Fahrenthold contributed to this report.
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And one can only imagine how much time you spend, thinking about hurting another guy's butt.
The buffoonery is on your end, O boneheaded one. The title of your thread has been shot to pieces. Reid has YET to bring up the bill and is in no hurry to do so. Durbin has stated that the Dems DO NOT have the vote to pass it in the Senate.
But, why let the facts stop you from your quest to replace Amber Lee Ettinger as the new Obama Girl?
Of course, he's not going anywhere. He'd rather hide here and wait until the mods move his thread, rather than go to the Political Forum and get beat down, as usual.
Fantastic contributions to this thread, Tobey! ::)
At least you no longer run to Ron and beg for my posts to get deleted after I humiliate you for being a pathetic, boot-licking, handkerchief head. You've toughened up a bit...good for you! :-\
As for the nonsensical post above, that shit scores as a "Grade A":
(http://strictlyhonest.com/wp-content/uploads/2011/03/nuclear_meltdown.jpg)
(http://)
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Rep. Gene Green (D-Tex.) said Thursday that he wants to know why Chu restructured Solyndra’s loan to put taxpayers behind a group of private investors to be repaid if the company went bankrupt. Two investors, including an equity fund tied to Kaiser, provided an additional $75 million to keep the company afloat.
“I guess I’m surprised that Secretary Chu made the decision earlier this year to give the private sector priority over the federal commitment, because your fiduciary duty is to the taxpayer, and not to an applicant. . . . Your responsibility is to the American people,” Green said.
________________________ _____________
yeah, lets give Obama more money to piss away on his Kenyanomics pipe dreams. ::) ::) ::)
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Here is your sign Benny!
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Chu takes responsibility for a loan deal that put more taxpayer money at risk in Solyndra
By Carol D. Leonnig and and Joe Stephens, Published: September 29
(http://www.risengaming.com/index.php?action=dlattach;topic=14097.0;attach=347;image)
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Here is your sign Benny!
Fantastic contribution! ::)
How will I ever recover? :-\
(http://failplanet.com/wp-content/uploads/2011/08/fail-fatty.jpg)
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(http://www.risengaming.com/index.php?action=dlattach;topic=14097.0;attach=347;image)
No - it shows why no one, including the Senate democrats, refuse to pass obamas "jobs" bill.
He has shown himself reckeless, incompetent, foolish, and probably criminal in how he treats tax dollars.
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Benny's favorite flavor.
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whats with the copy and pasting boys, think for yourselves, benny posted an article and you just post other copy and paste in return? Think for yourselves you fools.
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Fantastic contributions to this thread, Tobey! ::)
At least you no longer run to Ron and beg for my posts to get deleted after I humiliate you for being a pathetic, boot-licking, handkerchief head. You've toughened up a bit...good for you! :-\
As for the nonsensical post above, that shit scores as a "Grade A":
(http://strictlyhonest.com/wp-content/uploads/2011/03/nuclear_meltdown.jpg)
(http://)
Much like the title of this thread, your recent posts continue to be full of bull.
One, only in your pathetic pipe dreams have you humiliated me about anything.
Two, I've never run to Ron for anything, regarding your pitiful little quips. The fact is your BS often gets deleted BEFORE I even get a chance to crack you over the head. I hit "Post"; I get the message that your little whinefest is gone.
Three, you're the one running. You hide here on G&O, because you keep getting your clock cleaned on the Political forum. I called you out nearly a week ago. And all I got was that yellow streak down your back. I'm sure the mods will move this thread and once they do, you will flee like the spineless sap that you are.
Four, try addressing the actual issue. WHY is Reid dragging his feet on a bill Obama wants passed yesterday? Why does Durbin keep crying about not having the votes to pass this precious bill?
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whats with the copy and pasting boys, think for yourselves, benny posted an article and you just post other copy and paste in return? Think for yourselves you fools.
Here is thought moron - Obama already pissed away TRILLIONS of dollars with no effect but to make matters worse.
Why should we even consider giving him another 5oo billion to piss away on his phony failed scams and schemes?
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whats with the copy and pasting boys, think for yourselves, benny posted an article and you just post other copy and paste in return? Think for yourselves you fools.
DO YOU REALLY THINK Benny conjured up that mess on his own? He copied and pasted just like everyone else. The only difference is that he didn't cite his source. But, instead of using the original title, he concocted this foolishness, which has since been summarily dismembered.
"Benny just posted an article.." And from where do you think he got that article?
Perhaps, you should ask him why Reid, Durbin, and other Democrats won't touch this bill, despite his yapping about the Republicans (as if Obama didn't know well in advance that this bill has almost no chance in hell of passing).
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Get a life bud, and stop derailing this thread with your drivel.
This thread sucks anyway, the world is going down the shitter... blah blah blah....... Heard it b4
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Here is thought moron - Obama already pissed away TRILLIONS of dollars with no effect but to make matters worse.
Why should we even consider giving him another 5oo billion to piss away on his phony failed scams and schemes?
That would require his thinking for himself, instead of parroting the Obama-cheerleader's mantra.
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So much for the GOP holding up Obama's precious jobless bill.
The jobs plan that couldn’t
“I am sending this Congress a plan that you should pass right away. It’s called the American Jobs Act. There should be nothing controversial about this piece of legislation. Everything in here is the kind of proposal that’s been supported by both Democrats and Republicans — including many who sit here tonight. And everything in this bill will be paid for. Everything. (Applause.)”
That’s what President Obama told lawmakers Sept. 8 in a hastily called joint session of Congress. But it was — and is — a flat-out lie, and Mr. Obama knows it.
He has since then traveled the country to pitch the plan, exclusively to partisan Democratic crowds that whoop and cheer at the brilliance of it all. He even got wealthy donors to chant “pass this bill!” even though it substantially raises taxes.
Now, however, we are beginning to see the truth behind the fiction. Not only is the president’s job bill not “the kind of proposal that’s been supported by both Democrats and Republicans,” it’s not even the kind of proposal that Democrats can currently support.
On Monday, senators passed a bill to keep the government open into the next fiscal year and then headed out on vacation for the rest of the week. Majority Leader Harry Reid said when they return they’ll get back to work — not on the jobs bill, but on a measure to punish China over its currency valuation. Mr. Reid said that bill is a bigger priority right now.
There’s a story making the rounds in Washington that explains Mr. Reid’s dyspeptic countenance. On a secret meeting at the White House after the debt-ceiling deal collapsed (mainly because Mr. Obama doubled the amount of taxes he wanted), the president sat with the top Republican and Democrat from both the House and Senate. They offered a deal, one that all four agreed on and that all four vowed could get through the two chambers.
Mr. Obama nixed it. In one version of the story, a peeved Mr. Reid said, “I’m not going to do anything for that [expletive] again.”
By the end of the week, Democrats were in open revolt. Senate Majority Whip Richard J. Durbin, Illinois Democrat, asked whether his party had the votes to pass the president’s bill, said flatly: “Not at the moment, I don’t think we do, but, uh, we can work on it.” He added: “We’re not going to have 100 percent of Democratic senators [support the bill], that’s why it needs to be bipartisan.”
The reason is simple: Democrats in the House and Senate stand for re-election in just 13 months, and their campaigns will be difficult enough without raising taxes just before voters go to the polls. Said a blunt Mr. Durbin: “There are some senators who are up for election who say ‘I’m never gonna vote for a tax increase while I’m up for election, even on the wealthiest people.’ “
Makes sense. It’s a hard sell for lawmakers if they pass the bill, which would raise taxes by $467 billion on wealthier Americans and corporations.
And Mr. Obama knew that when he delivered his big speech last month. His strategy is clear (if simple-minded): blame Congress for the mess America’s in. But in so doing, he has caught up his fellow Democrats who, pressed to the wall, are fully prepared to bail on him and save their own skins. They want no part of the amateurish strategy to try to blame Congress, half-controlled by Democrats.
In fact, even some of the most rabidly liberal Democrats are planning to abandon the president because they see he’s only interested in saving his job, not theirs. More, Mr. Obama is throwing his former Senate colleagues under the bus as he scrambles to win another term.
So, this jobs bill is dead. And no matter how many times Mr. Obama repeats the lie that his “is the kind of proposal that’s been supported by both Democrats and Republicans,” it will be House Republicans who write a bill that can actually pass the Senate.
http://www.washingtontimes.com/news/2011/oct/2/curl-the-jobs-plan-that-couldnt/ (http://www.washingtontimes.com/news/2011/oct/2/curl-the-jobs-plan-that-couldnt/)
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;D
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Here is your sign Benny!
LMAO...hahahaha ;D
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isn't it a great message to send to the middle class and poor that the GOP is willing to make them suffer by not passing the jobs bill that most economist's say will work? All they are worried about is pleasing their bosses the corporations.
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isn't it a great message to send to the middle class and poor that the GOP is willing to make them suffer by not passing the jobs bill that most economist's say will work? All they are worried about is pleasing their bosses the corporations.
THE DEMS DON'T HAVE THE VOTES TO PASS THIS MESS IN THE SENATE. I've posted that at least TWICE, on this thread and elsewhere. What exactly is the message that the DEMOCRATS are sending to the middle class?
This bill is poison to Democrats who are up for re-election next year. And they've long deduced that they need to worry about saving their own behind and let Obama crash and burn on his own.
But, just in case you missed it, here it is yet again....
Obama Calls on Congress to Pass Jobs Bill, Not 'Now' But This Month
President Obama on Monday abandoned his "pass this bill now" mantra, and instead called on Congress to vote on his jobs legislation this month, saying he will press legislative leaders from both parties to act quickly on the $447 billion proposal he delivered three weeks ago.
Speaking to reporters at the beginning of a Cabinet meeting Monday, Obama said he is waiting for the plan to return to his desk.
"It's been several weeks now since I sent up the American Jobs Act and as I've been saying on the road I want it back; I'm ready to sign it. My expectation is that now that we're in the month of October we'll schedule a vote before the end of this month," he said.
Obama's plan would reduce payroll taxes on workers and employers, extend benefits to long-term unemployed people, spend money on public works projects and help states and local governments keep teachers, police officers and firefighters on the job. He would pay for the plan with tax increases on high-earning Americans and by closing corporate loopholes in an effort to generate $2 trillion in revenues.
Obama said his administration will do whatever he can to stimulate job growth without Congress' help, but "ultimately, they've got to do the right thing for the American people."
House Speaker John Boehner's spokesman responded that the GOP is prepared to work across the aisle "as soon as possible" but that cooperation is a two-way street.
"We'd like to work with the president where we can find common ground, as well as discuss other ideas that will better support job creation," said Boehner spokesman Brendan Buck. "In the meantime, we continue to pass jobs bills, including two regulatory reform bills scheduled for this week that have bipartisan support."
Buck added that the president's proposed tax increases face bipartisan opposition in the GOP-led House and in the Democrat-run Senate.
During his briefing, Obama called on congressional Republicans to spell out what aspects of his plan they agree with and which they reject. Buck responded that the GOP has already ceded to the president's request that it articulate the parts of the bill that House Republicans will not support.
"We actually weeks ago put out a memo that outlines the parts we thing we can work together on and the parts we probably won't be able to," he said, offering a link to the GOP position.
http://www.foxnews.com/politics/2011/10/03/obama-calls-on-congress-to-pass-jobs-bill-not-now-but-this-month/ (http://www.foxnews.com/politics/2011/10/03/obama-calls-on-congress-to-pass-jobs-bill-not-now-but-this-month/)
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Yes they do, yes they do, just not the house which is filled with new young brats that don't know how to compromise and get things done. Treason is a good word to describe what those tea party idiots do.
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Yes they do, yes they do, just not the house which is filled with new young brats that don't know how to compromise and get things done. Treason is a good word to describe what those tea party idiots do.
No that would be obama and holder running guns over the border.
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Yes they do, yes they do, just not the house which is filled with new young brats that don't know how to compromise and get things done. Treason is a good word to describe what those tea party idiots do.
No, they don't. We've seen Reid in action. If he had the votes, this would have been passed(or at least brought up) in the Senate by now. We all saw how he acted with ObamaCare. The instant he got 60, he sprung into action and brought ObamaCare to the Senate floor.
Shumer said they don't have the votes. Durbin said they don't have the votes. Why don't you deal with the reality of the situation, instead of barking the usual Obama-slobbering excuse-making?
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dunderhead
MYTH: The federal government cannot create jobs.
The next time you ride through the intersection of State Road 85 and SR 123, notice the workers and imagine all the people providing materials and transportation to the site.
You're fucking retarded. The government can only create an environment conducive to job creation, they cannot create sustainable jobs. This current administration can't create jobs, keep jobs, or save jobs.
The only job Obama's bill is aimed at saving is his.
"One and Done in 2012"
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You're fucking retarded. The government can only create an environment conducive to job creation, they cannot create sustainable jobs. This current administration can't create jobs, keep jobs, or save jobs.
The only job Obama's bill is aimed at saving is his.
"One and Done in 2012"
The government has never "created" a single job in American history. Without taxpayer money, there is no government and hence no government jobs. Without confiscating private capital, the government would be non existent.
It's ok though. Betty Blanco works in the financial sector with "balance sheets" and calculators ( his fingers and toes). His brilliant plan to combat high unemployment is permanent census jobs and more welfare.
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Whats the difference between this job plan and the stimulis packages ???
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Whats the difference between this job plan and the stimulis packages ???
listen to your Presidents speech.
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The government has never "created" a single job in American history. Without taxpayer money, there is no government and hence no government jobs. Without confiscating private capital, the government would be non existent.
It's ok though. Betty Blanco works in the financial sector with "balance sheets" and calculators ( his fingers and toes). His brilliant plan to combat high unemployment is permanent census jobs and more welfare.
Great post. Thoughtful and poignant.