Obama Admin-Bringing Middle Class quality of life back? Jobs?
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before we get into another war , imo the Admin. should tour parts of middle America where there are vacant factories, College towns with little else than retail supporting the US infrastructure.
Perhaps this is a long way from the Beltway. DC politicians need to start thinking about whats going on here and how the massive debt crisis and devaluations and crumbling infrastructure are affecting US citizens.
btw in parts of the EU and Iceland how come they know how to prosecute investment banksters, whilst the US does not?
BRUSSELS—European antitrust authorities charged 13 of the world's largest investment banks on Monday with colluding to prevent the lucrative global business of trading credit derivatives from moving onto regulated exchanges and away from markets controlled by the banks.
The charges against the banks are another black eye for the multitrillion-dollar market for credit-default swaps, the derivatives that act as insurance against a debt default by a company or a government. These derivatives were blamed for accelerating the spread of the financial crisis after the collapse of Lehman Brothers Inc. in 2008 by allowing banks and other financial institutions to take on huge risks with little oversight from regulators.
EU regulators say banks fought plans to trade swaps on exchanges because of potential hits to profits.
Before the financial crisis erupted, trading CDS became a source of big profits for financial institutions. The banks controlled the data that allowed the market to function and conducted trades "over the counter," in direct transactions among one another, in ways that bolstered profits and prevented other firms from entering the market, European Union authorities said.
The Lehman bankruptcy "has shown how this mechanism of over-the-counter negotiations of derivatives, and in particular credit default swaps, is capable of destabilizing the entire financial system," EU antitrust chief JoaquÃn Almunia said Monday.
European antitrust authorities are also investigating global banks for allegedly manipulating two interest-rate benchmarks, the London interbank offered rate and the Euro Interbank Offered Rate, which set the interest rate benchmarks for trillions of dollars of debt securities. These benchmarks are under scrutiny following revelations that banks attempted to manipulate these benchmarks to benefit their own trading positions.
Mr. Almunia said he expected to make final decisions in those investigations by the end of the year.
Sick of hearing about Dodd-Frank, which has done nothing.
Although some realtors in depressed markets clearly wish the populus believed this dreck.
I heard from a broker that the same issues are still going on in Florida, the giant bubbles still going on.
So apparently the EU believes in laws to protect the people, whereas here consumers,investors, and home buyers have no rights to protection from Wall Street fraud.
Federal tax revenue has soared by $284,000,000,000 through the first 11 months of the 2013 fiscal year; not only is that up a whopping 13%, and that's the biggest increase in revenue for the Feds since 2006, as the WSJ points out in today's lead editorial.
So why the hell are Obama, Reid & Pelosi insisting on ANOTHER tax increase in the neighborhood of one TRILLION dollars minimum?
Sick of hearing about Dodd-Frank, which has done nothing.
Although some realtors in depressed markets clearly wish the populus believed this dreck.
I heard from a broker that the same issues are still going on in Florida, the giant bubbles still going on.
So apparently the EU believes in laws to protect the people, whereas here consumers,investors, and home buyers have no rights to protection from Wall Street fraud.
Dodd -Frank bill is one of those if it wasn't in place, we would all be better off ! I also heard from someone in Florida that they just got their 3rd mortgage on their home. That
s 3 loans of at least 60% of the value each of their home and the last 1 was 90 % !! I can't imagine asking for and really can not understand who ever says "yeah, we will give you a loan than is 90% of your home's value even though we would be the third loser if you default".
Federal tax revenue has soared by $284,000,000,000 through the first 11 months of the 2013 fiscal year; not only is that up a whopping 13%, and that's the biggest increase in revenue for the Feds since 2006, as the WSJ points out in today's lead editorial.
So why the hell are Obama, Reid & Pelosi insisting on ANOTHER tax increase in the neighborhood of one TRILLION dollars minimum?
Remember too that little tax increase we got nailed with at the beginning of the year?
Federal tax revenue has soared by $284,000,000,000 through the first 11 months of the 2013 fiscal year; not only is that up a whopping 13%, and that's the biggest increase in revenue for the Feds since 2006, as the WSJ points out in today's lead editorial.
So why the hell are Obama, Reid & Pelosi insisting on ANOTHER tax increase in the neighborhood of one TRILLION dollars minimum?
Because most of that is simply the money the government gave away being returned in part. If the government gives away trillions and gets billions back in return it's actually a loss not a gain.
Now of course the answer is not to ask for more of it back, it's to stop giving it away.
Companies lay off thousands, then demand immigration reform for new labor
On Tuesday, the chief human resources officers of more than 100 large corporations sent a letter to House Speaker John Boehner and Minority Leader Nancy Pelosi urging quick passage of a comprehensive immigration reform bill.
The officials represent companies with a vast array of business interests: General Electric, The Walt Disney Company, Marriott International, Hilton Worldwide, Hyatt Hotels Corporation, McDonald's Corporation, The Wendy's Company, Coca-Cola, The Cheesecake Factory, Johnson & Johnson, Verizon Communications, Hewlett-Packard, General Mills, and many more. All want to see increases in immigration levels for low-skill as well as high-skill workers, in addition to a path to citizenship for the millions of immigrants currently in the U.S. illegally......................
..........For example, Hewlett-Packard, whose Executive Vice President for Human Resources Tracy Keogh signed the letter, laid off 29,000 employees in 2012. In August of this year, Cisco Systems, whose Senior Vice President and Chief Human Resources Officer Kathleen Weslock signed the letter, announced plans to lay off 4,000 — in addition to 8,000 cut in the last two years. United Technologies, whose Senior Vice President of Human Resources and Organization Elizabeth B. Amato signed the letter, announced layoffs of 3,000 this year. American Express, whose Chief Human Resources Officer L. Kevin Cox signed the letter, cut 5,400 jobs this year. Procter & Gamble, whose Chief Human Resources Officer Mark F. Biegger signed the letter, announced plans to cut 5,700 jobs in 2012.
Federal tax revenue has soared by $284,000,000,000 through the first 11 months of the 2013 fiscal year; not only is that up a whopping 13%, and that's the biggest increase in revenue for the Feds since 2006, as the WSJ points out in today's lead editorial.
So why the hell are Obama, Reid & Pelosi insisting on ANOTHER tax increase in the neighborhood of one TRILLION dollars minimum?
What one trillion dollar tax increase are you referring to?
IBD and the WSJ have both reported that Reid has his mandate from Obama that that is the minimum amount of a tax increase which Obama will consider in any new tax bill, otherwise a veto is guaranteed.
And you wonder why our economy is stuck in quicksand with the exception of the auto industry?
Asking Obama to improve the quality of life for the middle class is a waste of time; his top two constituencies are environmentalists and civil service unions; when they win, as they always do when democrats are in charge, everybody else loses.
Start with his beyond asinine ethanol mandates, and you'll see at once why gas prices are rising as well as groceries, and why his administration's COL numbers are a scam.
IBD and the WSJ have both reported that Reid has his mandate from Obama that that is the minimum amount of a tax increase which Obama will consider in any new tax bill, otherwise a veto is guaranteed.
And you wonder why our economy is stuck in quicksand with the exception of the auto industry?
Asking Obama to improve the quality of life for the middle class is a waste of time; his top two constituencies are environmentalists and civil service unions; when they win, as they always do when democrats are in charge, everybody else loses.
Start with his beyond asinine ethanol mandates, and you'll see at once why gas prices are rising as well as groceries, and why his administration's COL numbers are a scam.
Good Points. Everything that Obama stood for in 2008 is a total scam. Everything he claimed he would not be, he has become and so much more.
He came to all of us with such convicition, looked us each in the eye and talked about a new era of Hope n' Change. Jobs for all Americans, and would not go to war, unless our assests were at stake, or we were being threatened. Going to tell me No, i will tell you, your full of it, have him on my tapes from 2008 and 2009.
Community orgainzer obviously did not know first hand about growing small businsses. And is an emeny of small business, large business, and does not know first hand how to get a tanking economy to grow and thrive once again. The Country is in Shambles, and never ever have i known more people on assistance and couples who have lost their home, then under this President Obama.
People alone on food stamps, is terrible, i know people who just want their jobs back. It is certain, he has no control or a strong connviction of how to handle a very delicate serious problem. When Putin is making him look so foolish and not in control. He is not, the is the saddest part.
You see lies and deceit, have a way of catching up, and when they do they come at you full force, so save all the excuses. I know what is being said about jobs, and i happen to know first hand, people who have just stopped looking. When time and time again, they are turned down, because no one is hiring. Have a job be happy, no matter what that job is. You may lose your job tomorrow, or put down to part-time as some of my friends recently were. Make all the gosh damn excuses you want, Obama owns this economy, and does not know how to grow it. He Has to have Putin save his butt, and this latest fiasco, does not fare well for Obama. Obama is a enemy of the middle class so save the bull, the middle class i know the everyday normal people, can barely make it these days.
And for gosh sakes it is as though Kerry is calling his number. Kerry seems more in charge then Obama who is so indecesive. Obama has given to us the American People a nice Debt!
Last edited by california-jewel; 09-12-2013 at 09:16 PM..
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