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designman124
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Posted: Thu Jun 4th, 2009 05:50 pm |
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Bernanke Warns Deficits Threaten Financial Stability
Craig Torres and Brian Faler
June 3 (Bloomberg) -- Federal Reserve Chairman [url=http://search.bloomberg.com/search?q=Ben+S.%0ABernanke&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date :S:d1]Ben S. Bernanke[/url] said large U.S. budget deficits threaten financial stability and the government can’t continue indefinitely to borrow at the current rate to finance the shortfall.
“Unless we demonstrate a strong commitment to fiscal sustainability in the longer term, we will have neither financial stability nor healthy economic growth,” Bernanke said in testimony to lawmakers today. “Maintaining the confidence of the financial markets requires that we, as a nation, begin planning now for the restoration of fiscal balance.”
Bernanke’s comments signal that the central bank sees risks of a relapse into financial turmoil even as credit markets show signs of stability. He said the Fed won’t finance government spending over the long term, while warning that the financial industry remains under stress and the credit crunch continues to limit spending.
The Fed chief said in his remarks to the House Budget Committee that deficit concerns are already influencing the prices of long-term Treasuries.
Yields on 10-year notes have climbed about 1 percentage point since the Fed announced plans in March to buy $300 billion of long-term government bonds. The notes yielded 3.54 percent at 5 p.m. in New York, down from 3.61 percent late yesterday, as Bernanke’s warnings on the need to reduce the deficit supported the market.
Rise in Yields
“In recent weeks, yields on longer-term Treasury securities and fixed-rate mortgages have risen,” Bernanke said. “These increases appear to reflect concerns about large federal deficits but also other causes, including greater optimism about the economic outlook, a reversal of flight-to-quality flows and technical factors related to the hedging of mortgage holdings.”
The budget deficit this year is projected to reach $1.85 trillion, equivalent to 13 percent of the nation’s economy, according to the nonpartisan Congressional Budget Office.
“Either cuts in spending or increases in taxes will be necessary to stabilize the fiscal situation,” Bernanke said in response to a question. “The Federal Reserve will not monetize the debt.”
Bernanke also addressed banks’ efforts to bolster common equity in the aftermath of regulators’ stress tests on the 19 largest U.S. lenders. He said the 10 firms that were found to have a total capital shortfall of $75 billion have now sold or announced plans to boost common equity by $48 billion.
Bank Plans
“We expect further announcements shortly” as the banks submit plans due by June 8, Bernanke said.
This year’s projected budget deficit is four times the size of last year’s .
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MrsF
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Posted: Thu Jun 4th, 2009 03:03 pm |
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cindisue_g wrote: The good news ?????:
WASHINGTON – The number of people on the unemployment insurance rolls fell slightly for the first time in 20 weeks, while the tally of new jobless claims also dipped, the government said Thursday.
The Labor Department report provides a glimmer of good news for job seekers, though both drops were small and the figures remain significantly above the levels associated with a healthy economy.
We will have to wait to see how many people are still on unemployment benefits - unfortunately it is not a true picture, because it does not account for those that have lost their benefits.
The bad news:
NEW YORK (AP) -- Many U.S. retailers said same-store sales fell in May, as expected, as shoppers continue to spend cautiously, focusing on bargains and food.
President Obama is not shy about telling the Muslim population how he feels the United States screwed up, but he can't be honest and tell the American people that he screwed up on his stimulus plan - why???
Because he doesn't have to claim responsibility either way! Both instances allow the blame to push onto someone else. The first situation puts it onto Bush. The second situatin requres him to take responsibility. Has he taken responsibility for anything thus far?
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cindisue_g
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Posted: Thu Jun 4th, 2009 02:52 pm |
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The good news ?????:
WASHINGTON – The number of people on the unemployment insurance rolls fell slightly for the first time in 20 weeks, while the tally of new jobless claims also dipped, the government said Thursday.
The Labor Department report provides a glimmer of good news for job seekers, though both drops were small and the figures remain significantly above the levels associated with a healthy economy.
We will have to wait to see how many people are still on unemployment benefits - unfortunately it is not a true picture, because it does not account for those that have lost their benefits.
The bad news:
NEW YORK (AP) -- Many U.S. retailers said same-store sales fell in May, as expected, as shoppers continue to spend cautiously, focusing on bargains and food.
President Obama is not shy about telling the Muslim population how he feels the United States screwed up, but he can't be honest and tell the American people that he screwed up on his stimulus plan - why???
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deuce
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Posted: Thu Jun 4th, 2009 04:19 am |
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Stimulus payments to taxpayers amounted to nearly $45 billion. Most it went to savings or paying down credit card debt. That's money that will never see its way into the economy as Obama had hoped. Taxpayers aren't stupid.
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designman124
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Posted: Wed Jun 3rd, 2009 07:51 pm |
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designman124
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Posted: Tue Jun 2nd, 2009 05:56 pm |
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designman124
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Posted: Mon Jun 1st, 2009 10:45 pm |
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cindisue_g
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Posted: Mon Jun 1st, 2009 05:40 pm |
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razenkn wrote:
Remember how transparent this administration was going to be regarding the "PORKULUS" bill? BHO even assigned the fearsome Little Joey Biden to oversee the spending to assure us that the almost 800 BILLION dollars would be spent wisely. Remember the "don't mess with Joe" comment?? Is it working?
Not so much.
Aside from the highly visible idiotic items such as tattoo removal, swine odor research, Nancy's little weasles' environment, bridges that are to nowhere or not needed, signs announcing this is a recovery act project, there are hundreds of similar projects that are nothing more than blatant government waste of our tax dollars that stimulate nothing.
11 Million dollars to build a bridge to connect two Microsoft facilites (it pays to be friends with BHO) Doesn't Bill Gates have a couple of bucks of his own to take care of his business?
Millions given to John Murtha to improve an airport that doesn't need any improvements because nobody uses it, but they did name it after him so he keeps pouring tax payer money into an airport that is completely empty of passengers.
Union, NY received $500,000 to battle its homeless problem, only ....they don't have a homeless problem so they said oh well, we'll just find something else to spend it on. Where is Joe when you need him??
Many Millions are being pumped into Hawaii, studies mostly. You can never study flora and fauna too many times. (It pays to be BHO's homestate)
Teddy Kennedy's homestate is receiving "unspecified amounts" of stimulus money to GIVE cars to Welfare recipients. (It pays to be a friend of BHO)
Back in the 80's someone got the bright idea to convert road signs south of Tucson to the border on I-19 into kilometers in anticipation of a national shift to the metric system. Well, that didn't happen so now our so-called "stimulus" money is going for new signs to revert back to miles. Government waste at its finest.
There are hundreds of similar idiotic spending of our tax dollars and nobody is overseeing squat. We've been had again. What this tells us however, is our Country must not be in too bad of shape if they have to literally LOOK for something to spend this money on. They are having a hard time finding projects so they need to force tattoo removal on gang bangers and try to figure out why pigs smell on our dime. Our tax money from Arizona is going to Iowa to pay somebody to study pig butts. Why?
Tell us again how many jobs that creates or as the sham office says...SAVES?
Don't forget that President Obama flew (wasting taxpayers money) to taut the 25 Police recruit jobs that were created with the stimulus money and now unless the citizens of Ohio agree to a tax hike, they will all be fired.
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razenkn
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Posted: Mon Jun 1st, 2009 04:00 pm |
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Remember how transparent this administration was going to be regarding the "PORKULUS" bill? BHO even assigned the fearsome Little Joey Biden to oversee the spending to assure us that the almost 800 BILLION dollars would be spent wisely. Remember the "don't mess with Joe" comment?? Is it working?
Not so much.
Aside from the highly visible idiotic items such as tattoo removal, swine odor research, Nancy's little weasles' environment, bridges that are to nowhere or not needed, signs announcing this is a recovery act project, there are hundreds of similar projects that are nothing more than blatant government waste of our tax dollars that stimulate nothing.
11 Million dollars to build a bridge to connect two Microsoft facilites (it pays to be friends with BHO) Doesn't Bill Gates have a couple of bucks of his own to take care of his business?
Millions given to John Murtha to improve an airport that doesn't need any improvements because nobody uses it, but they did name it after him so he keeps pouring tax payer money into an airport that is completely empty of passengers.
Union, NY received $500,000 to battle its homeless problem, only ....they don't have a homeless problem so they said oh well, we'll just find something else to spend it on. Where is Joe when you need him??
Many Millions are being pumped into Hawaii, studies mostly. You can never study flora and fauna too many times. (It pays to be BHO's homestate)
Teddy Kennedy's homestate is receiving "unspecified amounts" of stimulus money to GIVE cars to Welfare recipients. (It pays to be a friend of BHO)
Back in the 80's someone got the bright idea to convert road signs south of Tucson to the border on I-19 into kilometers in anticipation of a national shift to the metric system. Well, that didn't happen so now our so-called "stimulus" money is going for new signs to revert back to miles. Government waste at its finest.
There are hundreds of similar idiotic spending of our tax dollars and nobody is overseeing squat. We've been had again. What this tells us however, is our Country must not be in too bad of shape if they have to literally LOOK for something to spend this money on. They are having a hard time finding projects so they need to force tattoo removal on gang bangers and try to figure out why pigs smell on our dime. Our tax money from Arizona is going to Iowa to pay somebody to study pig butts. Why?
Tell us again how many jobs that creates or as the sham office says...SAVES?
Last edited on Mon Jun 1st, 2009 04:03 pm by
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designman124
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Posted: Sat May 30th, 2009 11:39 pm |
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designman124
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Posted: Sat May 30th, 2009 12:56 am |
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Ms. Boots
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Posted: Sat May 30th, 2009 12:43 am |
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designman124 wrote: 'Government's view of the economy could be summed up in a few short
phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops
moving, subsidize it' - Ronald Reagan
This from a president suffering from dementia...stick to your toons, ni.
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designman124
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Posted: Fri May 29th, 2009 09:41 pm |
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designman124
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Posted: Fri May 29th, 2009 09:36 pm |
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Hummingbird
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Posted: Fri May 29th, 2009 02:59 pm |
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razenkn wrote: Hummingbird wrote: We're still seeing the fallout from the Bush administration and we will continue to see that for a very long time. It took eight years to destroy our economy and it can't be repaired in a few months. Anyone with a brain can understand that. Americans are starting to shop again and it's slowly turning around. You need to look at the big picture. We are no longer on the brink of disaster. The stock market is doing better and home sales are starting to recover. The plan is working and if you talk to the top financial analysts in this country they will agree. People have a lot less fear about our economy. If people are going into foreclosure it's because no matter what the banks can offer, they still can't afford their homes.
All wrong. Our Economy is going down the toilet without a plunger to unplug us. Don't believe any word of this. It all came straight from the far left kook fringe blog sites, nice cut and paste humdwig but you should credit the author.
People who bought homes they couldn't afford still can't afford them. That has nothing to do with President Bush. Nothing Barack Hussein Obama is doing is helping them anyway, he never intended to help them. He said all of that crap because he wanted to get elected. And the suckers believed him. We are three times worse off, THREE TIMES MORE IN DEBT with this President than we ever were with the Bush Admin and he's only been in office a few months. He bragged openly this weekend with his rich and affluent left wing liberal hollywood elites....smirking.... YOU AIN'T SEEN NOTHIN' YET!! Hide the kids and pull your money and invest in a good mattress.
This President has tripled our Deficit in just a few short months....TRILLIONS UPON TRILLIONS OF DOLLARS in deficit spending that we can NEVER hope to repay but he doesn't care because he will be out of office in eight years at the most but more than likely four. But then comes out this week AND OPENLY ADMITS.....AMERICA IS OUT OF MONEY....but I still have more on my power and control agenda that is going to cost TRILLIONS more so we will just print the money, run away inflation be d**ned. He's either completely insane or you people are for allowing it.
He just wants to turn America into a Socialist Country and be the Ruler and Changer of America as he promised his Black Liberation Theology home and his radical left wing bomber friends. He believes we are an evil Nation and he will give us our great Nationa a trip to the woodshed, that is what he wants his legacy to read. It's no more complicated than that and our "Dear Leader" just might get it done before America wakes up.  
This in the world according to the GOP man Raz. You just can't accept what Bush did to our country. Get your head out of the sand man.
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Hummingbird
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Posted: Fri May 29th, 2009 02:53 pm |
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razenkn wrote: Hummingbird wrote: We're still seeing the fallout from the Bush administration and we will continue to see that for a very long time. It took eight years to destroy our economy and it can't be repaired in a few months. Anyone with a brain can understand that. Americans are starting to shop again and it's slowly turning around. You need to look at the big picture. We are no longer on the brink of disaster. The stock market is doing better and home sales are starting to recover. The plan is working and if you talk to the top financial analysts in this country they will agree. People have a lot less fear about our economy. If people are going into foreclosure it's because no matter what the banks can offer, they still can't afford their homes.
It all came straight from the far left kook fringe blog sites, nice cut and paste humdwig but you should credit the author.
Wrong, all wrong.
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Ms. Boots
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Posted: Fri May 29th, 2009 07:27 am |
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| The states, the countys, the cities who are paring back their budgets with the intention of using stimulus money to bring them back to their operating levels are not using the monies as intended. The purpose is to create new jobs by new programs and not to do a shell game using Fed funds to save local funds.
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razenkn
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Posted: Fri May 29th, 2009 02:45 am |
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Hummingbird wrote: We're still seeing the fallout from the Bush administration and we will continue to see that for a very long time. It took eight years to destroy our economy and it can't be repaired in a few months. Anyone with a brain can understand that. Americans are starting to shop again and it's slowly turning around. You need to look at the big picture. We are no longer on the brink of disaster. The stock market is doing better and home sales are starting to recover. The plan is working and if you talk to the top financial analysts in this country they will agree. People have a lot less fear about our economy. If people are going into foreclosure it's because no matter what the banks can offer, they still can't afford their homes.
All wrong. Our Economy is going down the toilet without a plunger to unplug us. Don't believe any word of this. It all came straight from the far left kook fringe blog sites, nice cut and paste humdwig but you should credit the author.
People who bought homes they couldn't afford still can't afford them. That has nothing to do with President Bush. Nothing Barack Hussein Obama is doing is helping them anyway, he never intended to help them. He said all of that crap because he wanted to get elected. And the suckers believed him. We are three times worse off, THREE TIMES MORE IN DEBT with this President than we ever were with the Bush Admin and he's only been in office a few months. He bragged openly this weekend with his rich and affluent left wing liberal hollywood elites....smirking.... YOU AIN'T SEEN NOTHIN' YET!! Hide the kids and pull your money and invest in a good mattress.
This President has tripled our Deficit in just a few short months....TRILLIONS UPON TRILLIONS OF DOLLARS in deficit spending that we can NEVER hope to repay but he doesn't care because he will be out of office in eight years at the most but more than likely four. But then comes out this week AND OPENLY ADMITS.....AMERICA IS OUT OF MONEY....but I still have more on my power and control agenda that is going to cost TRILLIONS more so we will just print the money, run away inflation be d**ned. He's either completely insane or you people are for allowing it.
He just wants to turn America into a Socialist Country and be the Ruler and Changer of America as he promised his Black Liberation Theology home and his radical left wing bomber friends. He believes we are an evil Nation and he will give us our great Nationa a trip to the woodshed, that is what he wants his legacy to read. It's no more complicated than that and our "Dear Leader" just might get it done before America wakes up.
Last edited on Fri May 29th, 2009 02:45 am by
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Hummingbird
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Posted: Fri May 29th, 2009 01:32 am |
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We're still seeing the fallout from the Bush administration and we will continue to see that for a very long time. It took eight years to destroy our economy and it can't be repaired in a few months. Anyone with a brain can understand that. Americans are starting to shop again and it's slowly turning around. You need to look at the big picture. We are no longer on the brink of disaster. The stock market is doing better and home sales are starting to recover. The plan is working and if you talk to the top financial analysts in this country they will agree. People have a lot less fear about our economy. If people are going into foreclosure it's because no matter what the banks can offer, they still can't afford their homes.
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cindisue_g
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Posted: Fri May 29th, 2009 01:05 am |
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Does President Obama realy have a clue as to what is going on or is he just trying to con the United States. He said (to the Hollywood elite, who paid handsomely to have dinner with him - raising $3 to $4 million dollars):
LOS ANGELES (AP) — President Barack Obama says the economy has stepped away from the verge of calamity and Americans are calmer about the future.
Obama spoke Wednesday to donors at a Democratic fundraiser at a Beverly Hills hotel.
He told them, "It's safe to say we have stepped back from the brink."
Obama said the stimulus bill that Congress passed three months ago is starting to improve the economy.
Obviously, he can't see that his stimulus package is not working. In addition to the article below - I heard that the 24 police recruits that President Obama tauted as a success for his stimulus package, could now lose their jobs.
NEW YORK (AP) -- The mortgage crisis is spreading and hitting new heights: Borrowers with good credit now make up the largest share of foreclosures as job losses and pay cuts exact their toll.
A record 12 percent of homeowners with a mortgage were behind on their payments in the first quarter, the Mortgage Bankers Association said Thursday. And the trend is predicted to continue until the end of next year, about six months after unemployment is expected to peak.
Come on, President Obama - please tell the truth and be honest for once, your stimulus package was a disastrous, costly mistake.
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designman124
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Posted: Sun May 24th, 2009 05:47 am |
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'WE'RE OUT OF MONEY'
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designman124
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Posted: Sun May 24th, 2009 04:16 am |
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'Government's view of the economy could be summed up in a few short
phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops
moving, subsidize it' - Ronald Reagan
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designman124
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Posted: Sat May 23rd, 2009 09:57 pm |
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designman124
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Posted: Sat May 23rd, 2009 06:06 am |
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'Government is like a baby: An alimentary canal with a big appetite at one
end and no sense of responsibility at the other.' - Ronald Reagan
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designman124
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Posted: Sat May 23rd, 2009 12:08 am |
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designman124
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Posted: Thu May 21st, 2009 09:40 pm |
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deuce
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Posted: Thu May 21st, 2009 07:25 pm |
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The Fed said that they anticipate only gradual recovery beginning in the 2nd half of this year. They foresee unemployment rising further and staying there through 2010.
This the best face the Fed could put on a what is a worsening situation. Nothing is working right now and Team Obama is wringing their hands and running out of ideas.
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designman124
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Posted: Thu May 21st, 2009 02:50 pm |
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cindisue_g wrote:
Remember resident Obama's emergency stimulus plan. The one that would save or create millions of jobs! The one that he rushed through without giving those that had to approve it the opportunity to read it! Well it is not working. In addition to Caterpillar (you remember, the company that President Obama said would benefit from his stimulus plan) making their third (3rd) round of layoffs since the stimulus plan, the unemployment rate doesn't slow down. When will President Obama be honest and say he was wrong with the stimulus package?
631K new jobless claims, total benefit rolls 6.7M
New jobless claims drop to 631,000, while continuing claims rise to nearly 6.7 million
On Thursday May 21, 2009, 8:38 am EDT
WASHINGTON (AP) -- The government says the number of newly-laid off workers requesting unemployment insurance dropped last week after spiking the previous week due to auto layoffs.
The Labor Department says initial claims for jobless benefits fell to a seasonally adjusted 631,000, from a revised figure of 643,000 the prior week. That nearly matches analysts' expectations of 630,000.
Claims jumped two weeks ago as Chrysler LLC shut its factories after filing for bankruptcy protection April 30. Wall Street economists expect factory shutdowns by Chrysler and General Motors Corp. will inflate the initial claims numbers through June.
Continuing claims, rose to nearly 6.7 million, the highest total on records dating to 1967 and a 16th straight record.
Michigan unemployment reaches 12.9 percent in April
Associated Press
Lansing -- Michigan's unemployment rate rose to 12.9 percent in April, its highest mark since late 1983.
The state said Wednesday that Michigan's seasonally adjusted jobless rate was pushed up by large job losses in manufacturing and construction.
Last month's jobless rate was the highest in Michigan since unemployment reached 13 percent in November 1983. Michigan's jobless rate in March, 12.6 percent, already was highest in the nation.
The national unemployment rate rose from 8.5 percent in March to 8.9 percent in April.
"Michigan's difficult labor market patterns continued in April," Rick Waclawek, director of the state's Bureau of Labor Market Information and Strategic Initiatives, said in a statement.
A year ago, Michigan's April unemployment rate was 7.9 percent. But it has been rising fairly steadily ever since and is projected to go even higher, in part mirroring problems in the domestic auto industry.
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cindisue_g
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Posted: Thu May 21st, 2009 02:17 pm |
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Let's see - there will be improvement, but they have changed their projections from 1.3% to 2% - hmmmmm who is believing this bs???
Fed expects improvements in months ahead, even as it downgrades economic outlook for 2009
Under the Fed's new projections, the economy will shrink this year between 1.3 and 2 percent. The old forecast said the economy could contract between 0.5 and 1.3 percent.
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MrsF
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Posted: Thu May 21st, 2009 01:57 pm |
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| Hey, maybe that's Obama's plan...everyone on Unemployment benefits. What a great idea! Create a dependency on government. No, that's not Socialism or Communism is it? I know it's certainly not Capitalism!
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cindisue_g
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Posted: Thu May 21st, 2009 01:54 pm |
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Remember resident Obama's emergency stimulus plan. The one that would save or create millions of jobs! The one that he rushed through without giving those that had to approve it the opportunity to read it! Well it is not working. In addition to Caterpillar (you remember, the company that President Obama said would benefit from his stimulus plan) making their third (3rd) round of layoffs since the stimulus plan, the unemployment rate doesn't slow down. When will President Obama be honest and say he was wrong with the stimulus package?
631K new jobless claims, total benefit rolls 6.7M
New jobless claims drop to 631,000, while continuing claims rise to nearly 6.7 million
On Thursday May 21, 2009, 8:38 am EDT
WASHINGTON (AP) -- The government says the number of newly-laid off workers requesting unemployment insurance dropped last week after spiking the previous week due to auto layoffs.
The Labor Department says initial claims for jobless benefits fell to a seasonally adjusted 631,000, from a revised figure of 643,000 the prior week. That nearly matches analysts' expectations of 630,000.
Claims jumped two weeks ago as Chrysler LLC shut its factories after filing for bankruptcy protection April 30. Wall Street economists expect factory shutdowns by Chrysler and General Motors Corp. will inflate the initial claims numbers through June.
Continuing claims, rose to nearly 6.7 million, the highest total on records dating to 1967 and a 16th straight record.
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designman124
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Posted: Fri May 15th, 2009 03:15 pm |
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A few thousand people are receiving stimulus checks from the government this week. They won't be able to cash them. That would be because they are dead. The looters are taking your money, and borrowing money from your grandchildren, and sending that money to dead people. Isn't it going to be just so much fun when these people are controlling your health care? "No, you can't have that knee replacement. You're dead."
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designman124
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Posted: Thu May 14th, 2009 09:21 pm |
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designman124
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Posted: Thu May 14th, 2009 04:11 pm |
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cindisue_g
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Posted: Thu May 14th, 2009 02:53 pm |
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Why isn't President Obama being honest - he continues to say that the economy is improving, even though from all indications it is not. Maybe if he would have kept his campaign promise to be bi-partisan and if he would have gotten input from both Democrats and Republicans and, most of all, didn't rush into a plan that was destined to fail and one that he said was such an "emergency" that he didn't give those voting on it enough time to read it and on top of that broke another campaign promise and allowed pork to be in his plan (pork that in most cases wouldn't mean 1 additional job for the millions). To bad - so sad that President Obama won't be honest and say he made a mistake.
New jobless rise more than expected to 637K
New jobless claims rise more than expected to 637,000 due partly to auto industry layoffs
On Thursday May 14, 2009, 8:52 am EDT
WASHINGTON (AP) -- New jobless claims rose more than expected last week due partly to an increase in layoffs by the automobile industry, while the number of people continuing to receive unemployment benefits set a record for the 15th straight week.
The Labor Department says the number of people requesting benefits rose to a seasonally adjusted 637,000, from a revised 605,000 in the previous week. That's above analysts' expectations of 610,000.
Just in case you forgot, President Obama has been in office for 16 and a half weeks; thus all of these recording breaking statistics are during his watch and there has been no improvement...just the opposite, it is getting worse.
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designman124
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Posted: Wed May 13th, 2009 11:39 pm |
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designman124
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Posted: Wed May 13th, 2009 03:35 pm |
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cindisue_g
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Posted: Wed May 13th, 2009 02:49 pm |
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When will President Obama be honest and admit that his stimulus package isn’t working?
U.S. retail sales slump for second straight month
WASHINGTON (Reuters) - Sales at U.S. retailers fell for a second straight month in April, pulled down by sluggish gasoline and electronic goods purchases, government data showed on Wednesday.
The Commerce Department said total retail sales slipped 0.4 percent after falling by a revised 1.3 percent in March, previously reported as a 1.2 percent drop.
April foreclosures rise 32 percent
MIAMI (AP) -- The number of U.S. households faced with losing their homes to foreclosure jumped 32 percent in April compared with the same month last year, with Nevada, Florida and California showing the highest rates, according to data released Wednesday. Ohio was in the top 10.
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GEM127
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Posted: Wed May 13th, 2009 12:56 am |
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razenkn wrote:
gemster wrote...
You see RAZZY with the state of mind you are in with OBama you just might do something stupid. You are a very bitter person and I won't want you to get hurt trying to make a point of why you think McCain should have been President and not OBama.
Anyone who goes to the Grad ceramony and acted like a total a** towards OBama will end up in jail. But you have the right to go and protest.
But as I have said before I don't think you have the BALLS to do it. You are a good talker on here but I feel that is as far as it goes.
Just my opinion
Do you have any clue how ridiculous that sounds gem? Review your post. First of all, my state of mind is between me and me, you know nothing about it so that's a goofy statement to make in itself.
Second of all, why would you assume because I wholeheartedly disagree with just about everything Barack Hussein Obama stands for and believe him to be an enormous phony and lies to the American people, would I not be able to contain myself at a graduation ceremony? Some more foolishness on your part. Why would I want to go ruin what is perhaps one of the most important days in a group of our kids lives in graduating from college? That's a lib thing, not mine, they like to make fools of themselves and ruin events ~ but why do keep going on and on about it? I've never said I was even considering it, if you want to go honor your Messiah  go ahead, leave me out of it. I think it might be more your guilty conscience than anything to do with me.
But it all goes back to your original statement, if we should protest against your Messiah, then we better be careful or we will be put in jail for it?? That is a very disturbing statement gemmy that you haven't been willing to retract or defend with any rational logic.
That's my opinion.
So are you afraid of our Government? I don't know of anyone lately who has been thrown into jail for protesting, so do you think that is the path our fearless leader and administration is taking us?? Should we be afraid gemmy?
You keep referring to President OBama as my Messiah. WRONG...AGAIN.... RAZZY!
I only have one Messiah and it surely isn't the President of any country.
Second I said you didn't have the GONADS to go and protest anything. You find it easy to speak out about how this country is going down and how if you and your party were in office how different things would be.
Do something then. Isn't it easy to express yourself on here but when it comes to really doing something you are all talk.
I have been on filmed on TV expessing my feelings for a cause. Can you say the same. I express my feelings everytime I go to a rally or ride with my brothers and sisters to show our respects to any falling brothers or sisters and their families. DO you? I wear my colors and I am proud of them. What colors do you wear?
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razenkn
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Posted: Tue May 12th, 2009 10:06 pm |
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Despite Stimulus Funds, States to Cut More Jobs
Budget Shortfalls Prompt Mass Layoffs
By Alec MacGillis
Washington Post Staff Writer
Tuesday, May 12, 2009
Eleven weeks after Congress settled on a stimulus package that provided $135 billion to limit layoffs in state governments, many states are finding that the funds are not enough and are moving to lay off thousands of public employees.
The state of Washington settled on a budget two weeks ago that will mean 1,000 layoffs at public colleges and several times that many in elementary and high schools.
The governor of Massachusetts, who cut 1,000 positions late last year, just announced 250 layoffs, with more likely to come soon.
Arizona has already laid off 800 social service workers this year and is facing the likelihood of deeper cuts over the next two. The state no longer investigates all complaints of child or elder abuse.
"Don't be a child or a vulnerable adult in Arizona," said Tim Schmaltz of the Protecting Arizona's Family Coalition.
The layoffs are one early indication of how the stimulus funding could be coming up short against the economic downturn. As the stimulus plan was being drawn up, there was agreement among the White House, congressional Democrats and many economists that a key goal was to keep states from making big layoffs at a time when 700,000 Americans were losing their jobs every month.
The House passed a stimulus bill with $87 billion in extra Medicaid funding for states, as well as $79 billion in "stabilization" money to plug gaps in states' budgets for education and other areas.
But in the Senate, the stabilization funding was cut by $40 billion to secure the support of the three Republicans who were needed for a filibuster-proof 60 votes -- Sens. Susan Collins and Olympia J. Snowe of Maine and Sen. Arlen Specter of Pennsylvania -- as well as to gain the support of conservative Democrats such as Sen. Ben Nelson of Nebraska. The senators wanted to reduce the package to less than $800 billion, and several wanted to make room for a $70 billion patch of the alternative minimum tax.
Supporters of the final $787 billion bill, which included $25 billion less in state aid than the House plan, said it would help states avoid severe cuts. But tax revenue is coming in even lower than feared.
Ray Scheppach, executive director of the National Governors Association, told a Senate committee last month that states are facing a $200 billion deficit over the next two years. At least a dozen states, including California, Georgia and New Jersey, have ordered furloughs of workers, and increasingly, layoffs loom as the next step.
Western Washington University in Bellingham is bracing for 400 layoffs of staff members and adjunct faculty. The college is the largest employer in its county.
"There was all the talk at the time about how the stimulus package wasn't big enough, and that is true here," said faculty union president Bill Lyne. "It's barely letting us keep our noses above water."
Jake Thompson, a spokesman for Nelson, defended the stimulus, saying that forestalling state layoffs had not been its main goal. "This is a stimulus bill, not a state bailout bill," he said. "While the economic recovery bill will undoubtedly help states with their budgets and employment, the primary intent was to stimulate the economy."
Collins was equally blunt: "The fundamental purpose of the stimulus bill is to save and create jobs and help get our economy moving again," she said. "The bloated House-passed bill stood no chance of passing the Senate."
The White House, meanwhile, has conceded that the final package was smaller than it had expected. Shortly before the bill was signed, Chief of Staff Rahm Emanuel said, "We clearly thought that economic activity needed [a larger stimulus], but it was more important to get it done than argue about just that."
Officials in some states say they are grateful for and satisfied with the money. Maine has had to lay off 250 people, but because of the stimulus it will be able to avoid more layoffs, even after discovering a new $570 million shortfall. "Without any recovery funds . . . we would be in a very, very different situation," said Maine finance commissioner Ryan Low.
Virginia Gov. Timothy M. Kaine (D) said the state would have had to cut 7,000 jobs without the stimulus but ended up eliminating 1,500 mostly open slots. Maryland avoided layoffs with furloughs and by using an unusually large share of its stimulus funds in next year's budget.
In some states, layoffs are occurring partly because legislators are not taking every step to avoid them. Republican lawmakers in Missouri want to use less than a third of the state's $2.1 billion in flexible stimulus funds to close budget shortfalls. They want to proceed with cutbacks and return $1 billion of the money to residents in the form of tax cuts. Using the money to plug budget gaps, they argue, will leave a deficit once the stimulus money is gone in 2011.
Scott Pattison, executive director of the National Association of State Budget Officers, noted that some cuts may be justified. "You never want to see an individual be removed, but sometimes lost in the discussions is whether some of these positions should be eliminated," he said.
But in most states facing big layoffs, officials say they made the easy trims long ago. For instance, Florida's court system has cut 200 employees in the past 18 months. Judges lack staff members to prepare materials for trials at a time when property crimes and foreclosures are up significantly. The state cut so many hearing officers for traffic infractions that drivers started to realize that there was no one to hear cases and contested more tickets. This meant a big drop in revenue -- leading the state to rehire some of the officers.
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designman124
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Posted: Tue May 12th, 2009 09:09 pm |
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designman124
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Posted: Tue May 12th, 2009 09:07 pm |
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razenkn
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Posted: Tue May 12th, 2009 07:29 pm |
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gemster wrote...
You see RAZZY with the state of mind you are in with OBama you just might do something stupid. You are a very bitter person and I won't want you to get hurt trying to make a point of why you think McCain should have been President and not OBama.
Anyone who goes to the Grad ceramony and acted like a total a** towards OBama will end up in jail. But you have the right to go and protest.
But as I have said before I don't think you have the BALLS to do it. You are a good talker on here but I feel that is as far as it goes.
Just my opinion
Do you have any clue how ridiculous that sounds gem? Review your post. First of all, my state of mind is between me and me, you know nothing about it so that's a goofy statement to make in itself.
Second of all, why would you assume because I wholeheartedly disagree with just about everything Barack Hussein Obama stands for and believe him to be an enormous phony and lies to the American people, would I not be able to contain myself at a graduation ceremony? Some more foolishness on your part. Why would I want to go ruin what is perhaps one of the most important days in a group of our kids lives in graduating from college? That's a lib thing, not mine, they like to make fools of themselves and ruin events ~ but why do keep going on and on about it? I've never said I was even considering it, if you want to go honor your Messiah go ahead, leave me out of it. I think it might be more your guilty conscience than anything to do with me.
But it all goes back to your original statement, if we should protest against your Messiah, then we better be careful or we will be put in jail for it?? That is a very disturbing statement gemmy that you haven't been willing to retract or defend with any rational logic.
That's my opinion.
So are you afraid of our Government? I don't know of anyone lately who has been thrown into jail for protesting, so do you think that is the path our fearless leader and administration is taking us?? Should we be afraid gemmy?
Last edited on Tue May 12th, 2009 07:30 pm by
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MrsF
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Posted: Tue May 12th, 2009 07:21 pm |
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hummingbird wrote: You spelled it right, MF. Wrong, Obama is not a muslim.
That's just what unamericans say when they want to attack our President. They have nothing else.
I would reply, but since you called me MF, I have nothing to say beyond this.
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GEM127
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Posted: Tue May 12th, 2009 06:51 pm |
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razenkn wrote:
GEM127 wrote: MrsF wrote:
GEM127 wrote: RAZZY I am sure since you feel so strongly about the new President you will be at ASU on Wednesday to greet him and show your true colors.
Oh you better not, that might end you up in tent city for a little timeout.
Oh, does that mean that protesting the government could land you in jail? Gem, by your statement, you seem to think that you support the idea of putting people who disagree with our current administration in jail. Please say it ain't so! That would be the epitome of censorship. There is a FIRST AMENDMENT RIGHT to protest the government and liberals used that right all through the 1960's and 1970's to prove their point. Now they are in power and all of a sudden it could land someone in jail? What is that? (besides a double standard!)
What would be the charge you think a protester should be put in jail for by disagreeing with the current administration and protesting peacefully? Let's say Raz does go to ASU and somehow manages to smuggle in a posterboard protesting Obama and his policies. What should the charges be? What if somehow Raz got an opportunity to approach Obama and actually cornered him and asked him about some of his decisions. What should he/she be charged with, in your opinion?
I never said anything about going to jail or even bing charged with any sort a crime for protesting anything as long as the person is a U.S. Citizen they have a right to protest anything they want to.
But as usual, you have taken it out of context to make it sound like I have a problem with people expressing their rights of free speech.
All I was saying is RAZZY dosn't and wouldn't have the balls to even go, let alone show her disapproval with the President and his policies.
Uhhh, I rest my case gemster. Out of context, don't think so. You did say exactly that, "TENT CITY" we all know what that is, you didn't have to say the J word.
Why would I go stand in the 100 degree sun to listen to more yammering by Barack Hussein Obama, just turn on the TV, he's on it every day. Do you really think they would let me talk to him gemmy so I could tell him how wrong he is? If you can arrange it, I would be more than happy to have that chat. LOL I love that world you live in.
You see RAZZY with the state of mind you are in with OBama you just might do something stupid. You are a very bitter person and I won't want you to get hurt trying to make a point of why you think McCain should have been President and not OBama.
Anyone who goes to the Grad ceramony and acted like a total a** towards OBama will end up in jail. But you have the right to go and protest.
But as I have said before I don't think you have the BALLS to do it. You are a good talker on here but I feel that is as far as it goes.
Just my opinion
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razenkn
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Posted: Tue May 12th, 2009 05:31 pm |
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GEM127 wrote: MrsF wrote:
GEM127 wrote: RAZZY I am sure since you feel so strongly about the new President you will be at ASU on Wednesday to greet him and show your true colors.
Oh you better not, that might end you up in tent city for a little timeout.
Oh, does that mean that protesting the government could land you in jail? Gem, by your statement, you seem to think that you support the idea of putting people who disagree with our current administration in jail. Please say it ain't so! That would be the epitome of censorship. There is a FIRST AMENDMENT RIGHT to protest the government and liberals used that right all through the 1960's and 1970's to prove their point. Now they are in power and all of a sudden it could land someone in jail? What is that? (besides a double standard!)
What would be the charge you think a protester should be put in jail for by disagreeing with the current administration and protesting peacefully? Let's say Raz does go to ASU and somehow manages to smuggle in a posterboard protesting Obama and his policies. What should the charges be? What if somehow Raz got an opportunity to approach Obama and actually cornered him and asked him about some of his decisions. What should he/she be charged with, in your opinion?
I never said anything about going to jail or even bing charged with any sort a crime for protesting anything as long as the person is a U.S. Citizen they have a right to protest anything they want to.
But as usual, you have taken it out of context to make it sound like I have a problem with people expressing their rights of free speech.
All I was saying is RAZZY dosn't and wouldn't have the balls to even go, let alone show her disapproval with the President and his policies.
Uhhh, I rest my case gemster. Out of context, don't think so. You did say exactly that, "TENT CITY" we all know what that is, you didn't have to say the J word.
Why would I go stand in the 100 degree sun to listen to more yammering by Barack Hussein Obama, just turn on the TV, he's on it every day. Do you really think they would let me talk to him gemmy so I could tell him how wrong he is? If you can arrange it, I would be more than happy to have that chat. LOL I love that world you live in.
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GEM127
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Posted: Tue May 12th, 2009 03:54 pm |
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MrsF wrote:
GEM127 wrote: RAZZY I am sure since you feel so strongly about the new President you will be at ASU on Wednesday to greet him and show your true colors.
Oh you better not, that might end you up in tent city for a little timeout.
Oh, does that mean that protesting the government could land you in jail? Gem, by your statement, you seem to think that you support the idea of putting people who disagree with our current administration in jail. Please say it ain't so! That would be the epitome of censorship. There is a FIRST AMENDMENT RIGHT to protest the government and liberals used that right all through the 1960's and 1970's to prove their point. Now they are in power and all of a sudden it could land someone in jail? What is that? (besides a double standard!)
What would be the charge you think a protester should be put in jail for by disagreeing with the current administration and protesting peacefully? Let's say Raz does go to ASU and somehow manages to smuggle in a posterboard protesting Obama and his policies. What should the charges be? What if somehow Raz got an opportunity to approach Obama and actually cornered him and asked him about some of his decisions. What should he/she be charged with, in your opinion?
I never said anything about going to jail or even bing charged with any sort a crime for protesting anything as long as the person is a U.S. Citizen they have a right to protest anything they want to.
But as usual, you have taken it out of context to make it sound like I have a problem with people expressing their rights of free speech.
All I was saying is RAZZY dosn't and wouldn't have the balls to even go, let alone show her disapproval with the President and his policies.
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designman124
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Posted: Tue May 12th, 2009 03:44 pm |
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hummingbird
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Posted: Tue May 12th, 2009 03:44 pm |
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You spelled it right, MF. Wrong, Obama is not a muslim.
That's just what unamericans say when they want to attack our President. They have nothing else.
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MrsF
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Posted: Tue May 12th, 2009 03:17 pm |
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| Nope, I looked it up. It's spelled Muslim.
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