A community of 30,000 US Transcriptionist serving Medical Transcription Industry
Cut off your nose for spite?
Posted: Oct 30, 2010
According to a new Bloomberg poll, six in ten Americans think most of the money spent to rescue banks will be lost forever. Six in ten think the economy shrunk over the past year. One in two think federal income taxes have gone up in the past two years.
Wrong. Wrong. And wrong.
In fact, most of the $245 billion TARP money spent on banks will be recovered, and the program expects to turn a small profit, according to the latest report (Treasury Sec. Tim Geithner: "The direct budget cost of the program and our full investment in the insurer AIG is likely to come in well under $50 billion.") The economy has been growing, steadily if slowly, since the summer of 2009. The Obama administration has cut taxes by more than $240 billion in the last two years, including rebate checks worth up to $800 for almost all families.
So why do two in three Americans not know this?
First of all.... - sm
[ In Reply To ..]I will believe the banks will pay it back when they do. However, we still hear about banks handing out outrageous bonuses and that is unsettling.
As for the economy, I feel that the economy has slightly improved but I feel it would have much more of an improvement if government hadn't spent so much with the stimulus package because that scared a lot of people because we will eventually have to pay for that. Also, I fear we will experience another dip in our economy. How bad will it be? Who knows but as far as the economy goes, we definitely are not out of hot water yet so you might want to hold your praises.
As the wife of a man who runs a business, I can tell you that things are very scary right now. He puts in more hours so he can work with fewer employees because people just aren't spending their money on big items. So many of you just don't get it because you have never run a business before....just like Obama.
Same situation here, and it IS obvious Obama has - never run a business and pathetic.nm
[ In Reply To ..]nm
Exactly! Why go back to the wonderful - Bush days that got us here?
[ In Reply To ..]Change is coming--slowly, because that is the way it is when you are digging out of a deep, deep, hole. The indicators are positive. Employment is always the "lagging economic indicator" meaning it is one of the last components of the economy that will turn around, and it is improving now. We, the working class, need policies that do not force us to compete with India and China.
Nobody is buying "blame Bush" anymore... - sam
[ In Reply To ..]Change is already here...bad to much, much worse. Bush had nothing to do with all the spending, spending, spending Obama has done...and wants to continue doing. We need policies that do not force us to compete with India and China? Really? Who do you think holds the biggest IOU for our debt? That would be China. And who gave them that IOU? That would be THIS administration, not the Bush administration. Keep Obama's change going and you won't be competing with China...they will own you.
Anyone who has half a brain knows that it has....sm - MQMT
[ In Reply To ..]taken much more than the 1 year and 9 months that Obama has been in office to get us to this point. The effect of his policies are only beginning to slowly be felt by the economy. That is not to say that Bush is responsible for today's economy though his policies did encourage offshoring, neglected the plight of the hardworking common man, and allowed financial institutions and oil companies to have their way, etc., all at the eventual expense of us all. We need to suck it up and stop our craving for immediate gratification. We are where we are now because of many years of policy. Is it really fair to expect more of president Obama in such a short time? It is kind of like driving 100 MPH on the highway and expecting the car to stop on a dime. Sometimes I wish that McCain had won the election so we could see how he would have dealt with this mess. I'll bet he is very happy to just be a senator.
1 year and 9 months and he has added... - sam
[ In Reply To ..]over 3 trillion to the debt that he was left with. In 8 years Bush only added 5 trillion to the debt HE was left with. Hmmm...1 year and 9 months...3 trillion. Anybody with half a brain should be able to figure out he is not trying to STOP or FIX anything. Anybody with half a brain, when handed a problem that runaway spending caused, would STOP runaway spending as a first measure. Did Obama do that? NO. Why not pay for his HUGE debt causing health care bill with cutting spending elsewhere? THAT would have been fixing something. Did he do that? NO. Who now owns IOUs that Obama has racked up? CHINA. Now anybody with half a brain should see this is NOT WORKING. Does he? NO. Do you? Apparently not.
You said it. Apparently, the Obama lovers dont have it. - -not even HALF a brain. nm
[ In Reply To ..]nm
How blind are you people? Do you realize the economy - went to pot when dems took over in the final 2 yea
[ In Reply To ..]of Bush's presidency? Then, Obama, with no sense, no business experience, takes over and kills everything. Our economic recovery is being delayed by his horrible policies of spending money we dont have and his cluelessness on resolving any problems. Obama is probably the worst president in history, much worse than Bush, probably worse than Carter. We are the victims, unfortunately.
Anyone with have a brain? - See message
[ In Reply To ..]When you say “Anyone who has half a brain”, you are insulting the people who don’t agree with you. Disagreeing on politics is one thing, but saying “anyone with half a brain” is just unnecessary. The country is very divided right now. We will see on election night about what percentage want change. My feeling is over 50% of the country will be disagreeing with you. What you believe is your opinion and comments like the one you made is what is keeping the country divided.
In the 2 years (oh excuse me 1 year, 9 months, 11 days, etcâ€Â¦whateverâ€Â¦ its basically just shy of 2 years). Since the 2 years he has been in office he has divided the nation more than it was when Bush was in office (your post is a good example). He has kept the country both politically and racially divided using the race card whenever he feels it will benefit him. He gives speeches to Americans and he calls the republican party “the enemy”. That is not Bush’s fault that he’s telling Americans that one political party is the enemy and the other political party is their friend. What ever happened to that famous speech he gave in 2004 and many times since then saying “We are not the red states and we are not the blue states, we are the United States”? When the people of America spoke loud and clear to him and directed him not to pass the disastrous health care bill and he spoke out against the people and passed it anyway, that is not Bush’s fault. When he talks about things before knowing the facts, that is not Bush’s fault. When it took him longer than 9 days to respond to the gulf incident, that is not Bush’s fault. When he signed the largest spending bill not even knowing what was in it, that is not Bush’s fault. When he kept signing all these bills to spend when the country says no, that is not Bush’s fault. I could go on and on down the list of things that are not Bush’s fault.
There are things (patriot act, the war, etc) and yes, they are Bush’s fault, however, the continuation of them when he said he would not continue them is not Bush’s fault.
Now granted I don’t consider a lot of these things Obama’s fault. Congress signed all these things, therefore, all the bills that had to be signed are congresses fault. Most of it Pelosi’s fault with her Nazi tactics. Obama doesn’t do all this on his own. The congress has to pass a lot of it. However, with that said, Obama does take a lot of direction from communists and progressives in his cabinet. That is his fault, not Bush’s. So blame Bush for things that are his fault, but put responsibility of things that are this administrations fault where it belongsâ€Â¦this administration.
For some strange reason you also seem to think that oil companies, financial institutions, and big business “have their way” under a republican president but nothing has changed since getting a democrat in office. Maybe because congress is still democrat. But the people you seem to think only benefited under Bush are also benefiting under Obama. Wall street, oil companies, and those 2% of the wealthiest Americans. They are all benefiting under the current administration and pres. The plight of the hardworking American man (and woman) has been lost while the democrats are on office. They show they care nothing about the individual people of the country and the hardships we are facing. They don’t care because they only are there to serve themselves. They prove it every day they are in office. Every time a congress person tells the American people they are too “stupid” or “are a piece of furniture” or are “unimportant” they show just how out of touch they are with what it is like to live as an every day regular American. They don’t know what it’s like to worry about their job (except at election time), or if they are going to have enough money to pay their rent or put food on their table or buy their child the new shows they need, get the health care and medications they need or have something for retirement so they don’t have to work until the day they die. They are so out of touch with Americans and now they are just not afraid to show it.
Obama has now been in there 2 years. That is half of his expected term. You cannot keep using the same line that it’s been such a short time (some will continue to say it’s only been overnight). Two years is not a short time. He could have done a lot in these two “long” years (yes they have been long). There is a lot of good he could have done to get the country out of the mess that Bush left it in, or at least headed in the right direction but he didn’t. It just is getting worse and worse and worse. I’ve been listening to a lot of economist talk about things that could be done to help the country but this administration is not doing anything to help or even listen to their ideas, and sorry but that is not Bush’s fault.
As for the policies encouraging off-shoring, those policies starting long before Bush took office. Clinton was a huge supporter of off-shoring. But I think it even started before Clinton took office, so I don’t blame him either. He just continued it, then Bush continued it, and now Obama is continuing it.
I’m hearing a lot of really good ideas from the republicans that are running for office. They have some very good ideas if they can now win this election they will at least be given a chance to get their ideas heard. The democrats running don’t have any ideas. I have not heard anyone talk about ideas, only desperate attacks of saying anything and doing anything to remain in power. Not what’s best for the people of their district but what is best for themselves.
Time to give the republicans a chance to get us out of the hole we are falling further and further into. Since the democrats can’t do it, time to give others a chance. We need to move forward and look ahead. The democrats just keep dragging us backwards. No, it won’t be overnight. As people are so eager to say “Obama can’t do it overnight” (even though they expected Bush to get everything done within the first year he was in office and then griped when he didn’t), the newly elected officials do have a tough road ahead of themselves and it won’t be overnight. People should not expect immediate gratification. But give them a chance and yes it will be uncomfortable, but it’s what has to be done to get us out of the mess from the last 10 years.
As for McCain I don't know if anything would be different. All depends on the people who are running the show behind the scenes. I have a distinct uneasiness that McCain's loss was already planned way ahead of time. I don't agree with McCain on a lot of issues, but at least he'd be listening to a lot of economist and the ideas that republicans have.
This is most certainly not like driving 100 mph and expecting to stop on a dime, but we at least expect him to slow down, maybe say to 80 or 60 would be a good start. Halfway to 50 would be even better.
Oops - meant "half a brain?" - no message
[ In Reply To ..].
Change? LOL.. dream on, lady.. we need a leader - Obama is NOT the one.nm
[ In Reply To ..]nm
How about a self-employed man who hasn't been - Backwards Typist
[ In Reply To ..]paid for work done in May and June of this year because businesses he is contracted to keeps holding onto their money, if those businesses are even getting paid for work done for FEDERAL GOVERNMENT projects (does shovel-ready jobs ring a bell?), for fear of what's coming down the pike and another one who claimed bankruptcy because he couldn't pay his workers, yet took money from the government to keep going doing FEDERAL jobs.
These are just 2 examples of a government out of control and not accepting any consequences of their actions.
You are a perfect example - of misdirected anger
[ In Reply To ..]Why not blame the crooks who haven't paid? No, blame the government who provided the seed money for the work. The "government" cannot hold your hand and help you fill out the paperwork and make sure you are ethical. Next, you will probably turn around and complain that the government isn't being accountable enough.
Because it's the GOVERNMENT holding up the money - Backwards Typist
[ In Reply To ..]These are highly regarded and honest companies, not crooks, and the jobs are FEDERALLY or STATE funded. Contracts were signed with the government that these companies were to get so much money at certain times during the job process. They received the first payment last year but they haven't followed through with the rest of it.
There was never a problem prior to this year. Companies could float a loan until the money came in and the companies paid the workers on time all the time. This year, it hasn't and lenders aren't lending as they did in the past because of the turmoil in this country.
The companies use the start up money and now are using their own money to get the supplies necessary to keep the job going and when they don't get paid, they have no choice but to hold up paying the workers. They are unable to shut down a job under contract or they would be violating same and hefty fines would kick in. So, the companies are stuck in the middle.
Our government brags about the shovel ready jobs and infrastructure work that should be done but doesn't pay for the work under contract. They're the crooks not the companies.
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