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Posts Tagged ‘Bush’

Obama’s Economists: ‘Stimulus’ Cost $278,000 per Job

Posted by FactReal on July 6, 2011

OBAMA’S STIMULUS DID NOT WORK and IS NOW CAUSING THE ECONOMY TO SHED JOBS
Hat tip: Sweetness & Light
When the Obama administration releases a report on the Friday before a long weekend, it’s clearly not trying to draw attention to the report’s contents. Sure enough, the “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, provides further evidence that President Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, and a whole lot to stimulate the debt.

The report was written by the White House’s Council of Economic Advisors, a group of three economists who were all handpicked by Obama, and it chronicles the alleged success of the “stimulus” in adding or saving jobs. The council reports that, using “mainstream estimates of economic multipliers for the effects of fiscal stimulus” (which it describes as a “natural way to estimate the effects of” the legislation), the “stimulus” has added or saved just under 2.4 million jobs — whether private or public — at a cost (to date) of $666 billion. That’s a cost to taxpayers of $278,000 per job.

In other words, the government could simply have cut a $100,000 check to everyone whose employment was allegedly made possible by the “stimulus,” and taxpayers would have come out $427 billion ahead.

Furthermore, the council reports that, as of two quarters ago, the “stimulus” had added or saved just under 2.7 million jobs — or 288,000 more than it has now. In other words, over the past six months, the economy would have added or saved more jobs without the “stimulus” than it has with it. In comparison to how things would otherwise have been, the “stimulus” has been working in reverse over the past six months, causing the economy to shed jobs.

[…]

The actual employment numbers from the administration’s own Bureau of Labor Statistics show that the unemployment rate was 7.3 percent when the “stimulus” was being debated. It has since risen to 9.1 percent. Meanwhile, the national debt at the end of 2008, when Obama was poised to take office, was $9.986 trillion… It’s now $14.467 trillion — and counting.

UNEMPLOYMENT RATE
Via Bureau of Labor Statistics – Unemployment Rate 2001 through 2011
OBAMA’S FAILED ECONOMIC RECORD
Video

Posted in Economy/ Finance, Obama | Tagged: , , , , , , , , , | Leave a Comment »

LIBYA VS. IRAQ WAR: Obama Libyan Coalition SMALLER than Bush Iraqi Coalition

Posted by FactReal on March 22, 2011

IRAQ vs. LIBYA COALITION FORCES
So, the MSM is happy to promulgate Obama’s military attack on Libya as part of a coalition of international allies. Obama says that he is acting with a “broad coalition” – tacitly implying that he is doing it better than Bush. However, Bush had double the amount of coalition partners in Iraq than Obama has in Libya:
COALITION COUNTRIES – IRAQ 2003
Afghanistan
Albania
Australia
Azerbaijan
Bulgaria
Colombia
Czech Republic
Denmark
El Salvador
Eritrea
Estonia
Ethiopia
Georgia
Hungary
Italy
Japan
South Korea
Latvia
Lithuania
Macedonia
Netherlands
Nicaragua
Philippines
Poland
Romania
Slovakia
Spain
Turkey
United Kingdom
United States
Uzbekistan
COALITION COUNTRIES – LIBYA 2011
United States
France
United Kingdom
Italy
Canada
Belgium
Denmark
Norway
Qatar
Spain
Greece
Germany
Poland
Jordan
Morocco
United Arab Emirate
SOURCES
– US State Department
http://www.huffingtonpost.com/social/JAN_2013/libya-rebels-advance_n_838688_81566475.html
http://nation.foxnews.com/barack-obama/2011/03/21/fact-bush-had-2-times-more-coalition-partners-iraq-obama-has-libya

RELATED

Posted in History/ Heritage, Obama, War & National Security | Tagged: , , , , , , , | 1 Comment »

BUDGET DEFICIT: DEMOCRATS VS. REPUBLICANS (graph, historical data)

Posted by FactReal on February 2, 2010

OBAMA INHERITED THE HIGH DEFICITS FROM THE DEMOCRAT CONGRESS.
Obama and the Democrats are constantly blaming Bush for the deficit. BUT they fail to mention that:
1- Congress approves the President’s proposed budget.
2- Since 2007, Democrats have been the majority in the Senate and in the House.
That means that Democrats approved the budgets for Fiscal Year 2008 and Fiscal Year 2009 when the deficit increased exponentially
(see tables below).

DEFICIT HISTORICAL DATA FISCAL
YEAR
DEFICIT
PER YEAR
TOTAL
DEFICIT
AVERAGE
DEFICIT
In Billions of Dollars

REPUBLICAN CONTROLLED HOUSE
In the 12 years that Republicans controlled Congress, the total deficit was $1.25 Trillion, and the average deficit was $104 billion (average of final deficit/surplus FY1996-FY2007 data taken from Table F-1 below).
1996 -107.4
1997 -21.9
1998 69.3
1999 125.6
2000 236.2
2001 128.2
2002 -157.8
2003 -377.6
2004 -412.7
2005 -318.3
2006 -248.2
2007 -160.7 -$1.25 Trillion -$104 Billion

DEMOCRAT CONTROLLED HOUSE
In just 3 years under Democrats, the total deficit is $3.2 Trillion (almost triple the Republican total deficit in 12 years) and the average deficit is now almost $1.1 trillion
(average of final deficit/surplus FY2008 and 2009 data taken from Table F-1; FY2010 data taken from Table 1-3).
2008 -458.6
2009 -1413.6
*2010
Projection
-1349 -$3.2 Trillion -$1.1 Trillion

CBO’s Table F-1 (PDF page 144)
Economy - Deficit History Republicans vs. Democrats (CBO)
CBO’s Table 1-3 (PDF page 26)
Deficit 2010 - CBO’s Baseline Budget Projections
____ DEFICIT UNDER REPUBLICAN CONTROLLED HOUSE
____ DEFICIT UNDER DEMOCRAT CONTROLLED HOUSE

MORE FACTS
Obama’s proposed budget will triple the national debt over the next 10 years.
According to CBO’s June 2009 estimate of the President’s Budget FY2010 (PDF page 12), debt held by the public would rise from its 2008 level of $5.803 trillion to $17.126 trillion in 2019, which is 2.95 times larger than the 2008 level.

Obama’s budget will triple the national debt and increase the cost of government to almost 25% of our economy:
According to the President’s FY2010 budget (Table S-1) [http://www.whitehouse.gov/omb/budget/fy2010/assets/summary.pdf], debt held by the public is set to rise from $5.803 trillion in FY2008 to $16.027 trillion in FY2019, which is 2.76 times larger. Also, the President’s budget shows spending as a percentage of GDP at 24.4% for FY2010. CBO’s June 2009 estimate of the President’s budget also shows federal outlays at 24.5% of GDP in 2019.

The old annual deficits under Republicans have now become the monthly deficits under Democrats.
According to CBO’s September 2009 Monthly Budget Review, July 2009’s deficit was $181 billion. According to CBO’s December 2009 Monthly Budget Review, October 2009’s deficit was $176 billion. Comparatively, according to OMB’s Historical Tables (Table 1.1), Republicans’ last annual deficit was $160.7 billion in FY2007.

Even Republicans worst annual deficit – $412.7 billion in FY2004 according to OMB’s Historical Tables (Table 1.1) – is much lower than the Democratic deficits. According to CBO’s January Monthly Budget Review, in the first 3 months of FY2010 (October-December 2009) alone, Democrats have run up a deficit of about $390 billion. That is $22.7 billion shy of the GOP’s worst annual deficit.

The national debt has increased 30%.
According to CBO’s January 2010 Budget and Economic Update (Table F-1), the debt held by the public at the end of FY2008 was $5.803 trillion, and at the end of FY2009 was $7.544 trillion. This is an increase of 30%.

DEFICIT GRAPH
Economy Budget Deficit Historical Data - Republicans and Democrats (WSJ) Obama Budget FY2011

SOURCES
CBO January 2010 Budget and Economic Outlook, Rep. Jeb Hensarling, Rep. Jeb Hensarling Corrects Obama’s Inaccurate and Dishonest Statements on the US Deficit, GatewayPundit, Heritage, CNS News
RELATED
Senate Puts Politics Over Fiscal Responsibility In Debt Limit Vote
Obama’s budget in pictures
Debt deluge: Here comes the $1.6 trillion flood of red ink
Obama Can Blame Bush All He Wants, But His Budget Is Even Worse
DEFICITS DO MATTER
Tapper to Gibbs: Isn’t It About Time For the President to Man Up? (Video)
Obamonopoly
Obama: “We Just Can’t Keep On Spending As if Deficits Don’t Have Consequences” (Video)
(Note: Obama said this on the same day that he proposed another record spending plan that will raise the national deficit to nearly 1.6 Trillion dollars. This is nearly 4 times the 2008 national deficit when President Bush was in office.)

After Tripling Deficit in 2009 Obama On Track to Nearly Quadruple Bush Deficit in 2010
Leading Democrat: “We’ve Got to Spend Our Way Out of This Recession” (Video)
The Dem’s Disconnect: A Response to Obama’s Defiant SOTU Address (Video)
House Republican voted against Obama’s big spending bills
One Day After Obama Promises to Curb Spending – Dems Pass Largest Debt Increase in US History
Disgusting… Shameless Liar Pelosi Tries to Pin Obama’s Deficit on Bush & GOP
Another Lie Exposed… It Wasn’t Bush’s War For Oil That Bankrupted America, It Was Democrats

A Citizen’s Guide to the Federal Budget

Posted in Economy/ Finance | Tagged: , , , , , , , , , | 3 Comments »

TORTURED BY LIBERALS (videos)

Posted by FactReal on April 29, 2009

Updated by FactReal on Jan. 20, 2010

VIDEOS OF NONSTOP LIBERAL TORTURE WORSE THAN WATERBOARDING.
Will the Hate Crime Bill protect us from the liberal hate?

“INCLUSIVE” LEFT ATTACKS IF YOU DISAGREE WITH GAY MARRIAGE
Perez Hilton calls Miss California the b-word for her answer that marriage is between a man & a woman.   Perez Hilton b-word and c-word for Miss California.   Democrat Barney Frank calls Supreme Court Justice Scalia a “homophobe”.
   
Obama advisor David Axelrod compares Carrie Prejean to a dog (video)
More gay attacks (video),
Officials want her to apologize
Obama agrees with her Frank’s sex & financial scandals

“OPEN-MINDED” LEFT WANTS TO SILENT FREEDOM OF SPEECH
Lefty Garofalo demonizes Tea Party protestors. Calls them ignorant racist hatemongers, etc. The View afraid to let conservative Ann Coulter state the facts Lefty students trying to suppress freedom of speech
Tea Party Facts But with Michelle Obama Indoctrinations, Abuses

“NEW ERA” OF BROKEN PROMISES: LOBBYISTS & PRESIDENTIAL POWERS
Obama hires lobbyists despite campaign promise Obama hires lobbyist & tax-cheater Tim Geithner despite campaign promise Obama issues signing statements despite campaign promises
Obama’s lobbyist list Rap Sheet: Tim Geithner

“NEW ERA” OF BROKEN PROMISES: NO TRANSPARENCY
Obama does not give 5 days to read the bills and debate them Obama secrecy Obama does not release his records
Government waste

“NEW ERA” OF BROKEN PROMISES: THOUSANDS OF EARMARKS (aka Pork, Bribes, Waste)
Obama could have stopped the bill full of earmarks Obama hides to sign bill full of earmarks Obama lied about no earmarks
Earmarks

“NEW ERA” OF BROKEN PROMISES: LIES AND DEMAGOGUERY
Democrat Dodd lied: his loophole allowed for AIG bonuses Obama team game: Only they can say economic fundamentals are strong. But McCain or Bush were blasted for saying so. Obama lied about Carterpillar ability to re-hire if stimulus was passed. Obama entrapped the CEO of Carterpillar.
AIG bonuses, Dodd & Obama

“NEW ERA” OF BACKSTABBING THE CIA & OUR NATIONAL SECURITY
Obama leaves Clinton’s rendition open but continued with the show: He signed executive orders to shut down Guantanamo and interrogations. Waterboarding: Obama betrays CIA but goes to visit them. But Obama ordered airstrikes that killed several people. Prosecuting previous administration.
Welcome to Banana Republic.
Clinton’s Rendition,
Obama’s Rendition
Obama bombs Pakistan – kills 22
58% want Congress to stop torture investigations

“MOVING FORWARD” BUT GOING BACKWARDS INSTEAD
Interrogations methods: can we hear the other side? Democrat George Tenet on ‘torture’

Democrats & Republicans knew about waterboarding. Some of our troops are waterboarded. Are all of them going to be prosecuted?
video of a real torture (viewer discretion), report

“BIPARTISANSHIP” & “SWEETNESS” FROM DEMOCRATS
Democrat Barney Frank shuts down dissent
  Democrat threatens to kick Republican out of hearing room
  Maxine Waters threatens executives with confiscation

“PEACEFUL” PROTESTORS FROM THE LEFT
“Peaceful” protester confronts Condoleezza Rice with fake blood
  “Tolerant” leftists throwing pies to conservative Ann Coulter
  “Harmonious” protesters attack FoxNews reporters

“UNBIASED” COVERAGE FROM THE MAINSTREAM MEDIA (MSM)
Media Malpractice… How Sarah Palin Was Targeted!!!
  Hate speech from liberal media towards conservatives
  CNN attacks and slanders Tea Party protestors
How Obama Got Elected   MSNBC   CNN censures video that confronted their bias

“DECENT” LEFT SPEWS THEIR DEPRAVITY, VILE, SCORN
Answering back to the degenerate media coverage of Tea Party protests
  “Teabagging” sexual connotation used by the left media to report Tea Parties
  Tea Parties perverted by leftist comedians to deter Americans from protesting

“BENEVOLENT” LEFT ATTACKS IF YOU DARE TO CRITICIZE OBAMA’S PLANS
Leftists try to delegitimize Santelli and Cramer’s comments on Obama plan   Leftist inquisition to those who criticize Obama   Obama White House derides CNBC’s Rick Santelli
   
Video: Obamistas afraid of Obama   Cramer defends himself   White House attacks

“EGALITARIAN” DEMOCRATS SHOW THEIR ELITISM & SNOBBERY
Democrat Harry Reid is happy smelly tourists will be corralled in the Capitol Visitors Center
  Democrat Barney Frank berates student for asking about his role in the economic melt-down
  Democrat Pelosi dismisses Tea Partiers as “Astroturf” not grassroots

“REFINED” LEFT SHOWS THEIR VULGARITY
Lefty Hitchens gives the finger to audience
  “Peaceful” Protester spits on Fox News Radio microphone
  “Peaceful” Anti-War Protester Spits on Iraq War Veteran

“LOVING” OBAMA’S FRIENDS PREACH THEIR HATE
Hatemonger Obama friends: Rev. Jeremiah Wright & Farrakhan
  More divisive hate speech at Barack Obama’s Church
  Obama’s influence: hateful Black Liberation ‘Theology’
Obama and Black Liberation Theology

“PATRIOTIC” LEFT BETRAYING OUR TROOPS
Lefty MoveOn “BetrayUs” Ad to destroy General Petraeus
  Democrat Durbin Compares U.S. Troops to Nazis, Soviets & Pol Pot
  Democrat Kerry: long history of bashing our troops

“TRUTHFUL” LEFT WANTS TO REWRITE HISTORY
Democrat’s racist history. They have kept minorities down.
  Left demagoguery on Iraq: taking all positions at convenience.
  Democrats pushed for the Iraq War. Now they will be judges.
Democrats’ Racist Past   Facts: Iraq War   Facts: War on Terror
 

Now, imagine these abuses EVERY single day for 8 years…..Ahhh!!
Can you feel their liberal love yet? 


RELATED:

OBAMA’S 100 DAYS
100 days of mistakes
After 100 days… Obama is the second most reviled President in 40 years
100 Days of the Poser Presidency
Obama’s 100 Days in Foreign Policy: Triumph of the Personal
100 Days with a hole in your pocket
100 Days of Good, Bad and Ugly
Obama Near Record Low Approval Rating

MORE TORTURE FROM THE LEFT
Obama team terrorizes New Yorkers, more, more, more
The G20 riots & the spread of mob rule
Health hazard: ACORN mob strikes
Prince Charles: Eco-hypocrite of the week
Hate speech, free speech…live with it
Obama DHS: Conservatives are the new terrorists
Obama’s Socialist Zombie Troll Obamattacks on We the People
Wanda Sykes’ Rush Limbaugh jokes were not funny
The left who uses nudity and destruction to protest
Liberal hate messages on Twitter for losing the 2010 Massachusetts senate race
Liberal hate mail…if you dare to think differently
At townhall meetings Americans asked questions. The left hit people and bit fingers off
Videos: Liberals demonizing those who think differently

INTERROGATION “TORTURE” MEMOS – LIBERAL WITCH HUNT
WHILE DESTROYING OUR NATIONAL SECURITY

Obama May Prosecute Bush Officials Who Wrote “Torture” Memos
Interrogation Memos: Obama flip flop
Rules of Waterboarding
Obama to release photos of prisoners’ treatment
Detention of the Enemy During Wartime
Set the Record Straight: Publish All Key Memos on CIA Interrogations
Gallup: 55% support harsh interrogations of terrorists
Barry, can we talk about torture?
Soros show trials

Posted in Left, Media | Tagged: , , , , , , , , , , , , , , , , , , , , , , | 8 Comments »

READY TO PAY FOR GOVERNMENT WASTE? $11 Trillion in Bailouts. Billions in Bribes.

Posted by FactReal on April 21, 2009

THIS IS HOW $11 TRILLION DOLLARS LOOK LIKE….$11 TRILLION IN BAILOUTS SO FAR….

$11 TRILLION DOLLARS IN BAILOUTS...

$11 TRILLION DOLLARS IN BAILOUTS!!!

THIS IS HOW GOVERNMENT IS WASTING YOUR MONEY WHILE YOU ARE LIVING YOUR LIFE
Bailout Summary (PDF), Government Waste (PDF)

What is Pork? Earmark? At the end it’s bribery: Lawmakers insert an expenditure into a bill to direct “chunks of the federal budget back to their home districts” to a specific project or recipient “to promote their own re-elections and reward special interests.”

 

WASTE IN OMNIBUS BILL (Bill # HR1105)
9,000 EARMARKS were in this bill…to pay politicians’ special interest groups:

$6.6 Million for termite research
$5.8 Million for Ted Kennedy Institute for the Senate
$5.0 Million for sugarbeet/avian disease
$3.8 Million for tiger stadium
$2.7 Million for wood education (??)
$2.2 Million for grape genetics
$1.9 Million for a Pleasure Beach water taxi service project
$1.8 Million for PIG & MANURE ODOR
$1.7 Million for Honey bee
$1.2 Million for Citrus canker (which doesn’t affect the fruits)
$1.0 Million for Crickets

$819,000 for catfish genetics
$800,000 for oyster rehabilitation
$473,000 for leftist National Council of La Raza (The Race)

$469,000 for Fruit Fly

Bailout Summaries

 

 

$380,600 for Carbon Neutral Green Campus
$300,000 for GO GIRL GO! (???)

$250,000 for Lobsters
$225,000 for EVERYBODY WINS! (???)
$209,000 for Blueberry improvements
$200,000 for TATTOO REMOVAL
$100,000 for READY WILLING & ABLE (??)

 

 

 

$21 Million for sod
$200 Million for the National Mall
$600 Million for new cars for the federal government
$650 Million for digital TV coupons
$  50 Million in funding for the National Endowment of the Arts
$  44 Million for repairs to U.S. Dept. of Agriculture headquarters
$  75 Million for smoking cessation
 
FDR’S SPENDING WAS A RAW DEAL

econewdeal4

 

2009 GOVERNMENT WASTE REPORT  (from Citizens Against Government Spending)

The 2009 Pig Book found 10,160 projects at a cost of $19.6 billion
(an increase of 14% in cost)

● The outrage of millions of taxpayers following the $700 billion bank bailout and the $787 billion stimulus bill did not stop Congress from passing and President Obama from signing a bloated $410 billion Omnibus Appropriations Act in March.

● With the subsequent approval of the President’s budget, the national debt will triple over the next 10 years.

 

OBAMA’S BUDGET PROPOSAL for fiscal year 2010
1. Increases spending to $3.55 TRILLION.
2. Adds deficits of $9.3 TRILLION over the next 10 years.
3. Raises taxes by as much as $3 TRILLION over the next ten years

 

Obama’s budget will waste taxpayer money:
1. Includes a $646 Billion Cap-and-Trade Energy Tax.
2. Makes a “Down Payment” on Socializing Healthcare.
3. Hands out Billions to leftist Agencies that Fund ACORN & other Community Organizers.
4. Increases Dept. of Housing and Urban Development (HUD) Funding
after It Helped Cause the Financial Crisis.
5. Claims that Government Knows Better than Taxpayers about Their Retirement.
6. Creates Yet Another Entitlement and Spends Billions on Pell Grants.
7. Spends $178 Billion on Interest on the Debt.
8. (As Part of Its $1 Trillion Tax Hike!) Raises Taxes by $1 Billion to Fund the Failed EPA Superfund Program.
9. Generates Even More Cheap Credit to Further Distort the Market.
10. Increases Funding for Space Exploration while the Country Suffers in Recession.

 GOVERNMENT SPENDING DOES NOT STIMULATE
Most government spending has historically reduced productivity and long-term economic growth due to:


1. Taxes.
Most government spending is financed by taxes, and high tax rates reduce incentives to work, save, and invest —resulting in a less motivated workforce as well as less business investment in new capital and technology.
2. Incentives.
Social spending often reduces incentives for productivity by subsidizing leisure and unemployment.
3. Displacement.
Every dollar spent by politicians means one dollar less to be allocated based on market forces within the more productive private sector….politicians seize that money and earmark it for favored organizations with little regard for improve­ments to economic efficiency;
4. Inefficiencies.
Government provision of housing, education, and postal operations are often much less efficient than the private sector. Government also distorts existing health care and education markets by promoting third-party payers, resulting in over-consumption and insensitivity to prices and outcomes. Another example of inefficiency is when politicians earmark highway money for wasteful pork projects rather than expanding highway capacity where it is most needed.

 

NEGATIVE IMPACT OF OBAMA’S BUDGET
#1.
The national debt will double over the next 5 years; and
it will triple over the next 10 years to $17.3 trillion.
#2. The national debt will soar over the next 10 years from 40% of GDP today
to a shocking 82.4%.

(Ronald Reagan left office with the national debt at 42% of GDP).
#3. Total federal borrowing will grow by $2.7 trillion this year alone,
an increase of 27% in 1 year!
#4. Increases federal spending by 34% over the previous year,
with a total of $4 trillion in federal spending, the highest ever.
#5. The federal budget deficit (not the national debt) would reach $1.845 trillion this year,
the highest ever.   
(More than 7 times Reagan’s largest budget deficit of $221 billion, which caused so much consternation among Reagan’s critics.)
#6. This Obama budget deficit will total an astounding 13.1% of GDP,
more than one-eighth of the entire
U.S. economy, for the federal budget deficit alone!

click here to enlarge image

(Under George Bush, the federal deficit for 2008 was 3.2% of GDP.
The deficit for fiscal year 2007, in the last budget adopted when Congress was controlled by Republican majorities, was $162 billion, or 1.2% of GDP.)
#7. Includes $1 trillion in tax increases on the upper 5% of income earners, mostly tax rate increases. But the top 5% of income earners (those making over $145,283) already pays 60% of all income taxes.
Bottom 50% of income earners pay about 3% of the national income taxes.

#8. Projects that revenues from the corporate income tax will more than double in 3 years, increasing by more than 124%.
#9. Another $645 billion tax increase comes from Obama’s anti-global warming cap and trade system, which is essentially an energy tax on the production and use of carbon energy, such as oil, natural gas, and coal.
#10. While the Obama administration claims to have cut $2 trillion from the budget over 10 years, fully $1.5 trillion of those “cuts” actually represents the troop drawdown in
Iraq, which was already scheduled to occur under the Bush administration.
Of the remaining $500 billion in budget “savings,” fully $311 billion is categorized as “interest savings” but is actually an additional tax increase on upper income earners.

Bailouts for Auto Industry

CAR BAILOUT – WHY AUTOMAKERS FAILED
1) Union Workers were paid to NOT work
2) Abusive labor union requirements

● Wages $75 per hour. While
Toyota pays $48
● Health care adds $1,200 to the cost of each vehicle.
But only $215 for Toyota.
● Retire after 30 years of service, irrespective of age
● Seven weeks vacation
● Supporting More Retirees Than Active Workers
3) Idiotic government standards
● Making cars that Americans won’t buy
4) Excessive government interference
● Automakers have to pay for facilities they don’t use to support revenue bonds for municipalities
● State laws protect dealers from termination
BANKRUPTCY WILL ALLOW FOR:
● Labor contracts & pension plans to be renegotiated

 

ecotaxcutsatwork

GUESS WHO PAYS THE MOST TAXES:
click image for report Guess who really pays the taxesPoll & chart
Guess who really pays the taxes

THIS IS OBAMA’S $100 MILLION BUDGET CUT versus HIS TRILLION DOLLARS IN SPENDING

WHAT IS MORE: $100 MILLION OR $3.7 TRILLION?
OBAMA HOPES YOU DON’T KNOW

Obama’s $100 million budget cuts (the small black dot) compared to his trillion dollars in spending:

What Obama budget cuts really represent
RELATED

Posted in Economy/ Finance, Government Waste | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , | 3 Comments »

BAILOUT SUMMARY (List of bailouts so far)

Posted by FactReal on April 17, 2009

BREAKDOWN OF ALL THE BAILOUTS THRU 4/13/2009: $11 TRILLION DOLLARS!!!
Bailout Summary (PDF), Government Waste (PDF)

click to enlarge image

click to enlarge image

SOURCES:
Bailouts top $12.8 Trillion (Bloomberg)
Government Bailouts (S. Francisco Chronicle)
Bailouts Summary (FactReal)
Bailouts (CNN)
HR1105: Earmarks in Omnibus bill (FactReal)
HR1: Waste in “Stimulus” Bill (Obama) (FactReal)
HR1: Analysis of Stimulus II (Obama) (CBO)
HR1: Legislation Text of Stimulus II (Obama)
HR5140: Stimulus I (Bush) (CBO)
Car Bailout: Why they failed (FactReal)
TARP Analysis (CBO)
AIG: Dodd Bonus Amendment
AIG Restructuring Plan(Federal Reserve)
Bear Stearns (Federal Reserve)
Government takeover of small banks (FDIC)
Government takeover of Washington Mutual (FDIC)
Government takeover of IndyMac Bank(FDIC)
Work Pay Tax Credit (IRS)
Relaxing “Market-to-Market” accounting rules
Status of Appropriations Bills
Roll Call votes (U.S. Senate)

RELATED
The Million Taxpayer March
Kook Actress Garofalo: Tea Parties Were About Hating the Black Man
Obama’s Big Government Gamble
A Tax Day Tea Party cheat sheet: How it all started
Tea Party Directories All-In-One…& Spending Facts

Posted in Economy/ Finance, Government Waste | Tagged: , , , , , , , , , , , , , , , , , , , | 2 Comments »