Economy « Cristy Li

Archive for the ‘Economy’ Category

ObamaCare Cost Analysis: Disingenuous Officially

Thursday, March 18th, 2010

Today the Congressional Budget Office scored the latest version of ObamaCare and they “unofficially” assume that given everything that they know and everything being equal that current bill to takeover 1/6 of the U.S. Economy will reduce the deficit by $130 Billion Dollars during the first decade.

Disingenuous Officially—The cost/savings analysis won’t even offset the amount of money Democrat-Socialist spent just last month. In February the government ran up the largest federal budget deficit ever $220.9 Billion Dollars 14% higher than the previous record set in February of last year.

CBO Covering the Backsides of the ObamaCare Pushers Via Michelle Malkin

Posted in Barack Obama, Democrats, Economy, Health Care Costs, Socialism | No Comments »

Obama Is Not Meeting Americans Lofty Expectations

Wednesday, March 17th, 2010

Americans rating of Barack Obama’s job performance in three key areas are much less positive than their expectations of him shortly after he took office. Americans give Obama the worst review in making American prosperous.

Compare Obama to George Bush, Americans had a great deal more confidence in Bush than Obama in the same three areas. George Bush’s ratings did not decline nearly as fast in the second year of his Presidency compared to Barack Obama

After more than a year in office, a slim majority of Americans are saying that Obama is doing a good job on the environment and less than half say so about his handling of the economy and energy.

More here from Gallup

Obama Aides See Jobless Rate Elevated for “Extended Period”

What Democrats Think of the American People–Weekly Standard

Obama Falls Short on Transparency Pledge Via The Washington Times

Posted in Barack Obama, Democrats, Economy, Obama Administration | No Comments »

More than 2,000 Protest ObamaCare in St. Louis

Thursday, March 11th, 2010

ObamaCare protesters in St. Louis gather before “Hoax & Chains” arrives to cheer the wonders of a take-over of 1/6 of the nations economy.

More than 2,000 people turned out in St. Louis on Tuesday to protest Obama’s health care road show.

57% of Americans say that ObamaCare will hurt the economy.

66% of Americans believe that ObamaCare will explode the federal budget deficit, there is good reason to believe this.

In February, Democrat-Socialists ran up the largest federal deficit in the history of the United States the federal budget deficit through the first 5 months of this fiscal year is 10.5% higher than one year ago.

More here from Michelle Malkin

Final “Reform” Push Twisting Arms Via NY Post

Posted in Barack Obama, Democrats, Economy, ObamaCare, Socialism | No Comments »

Senate Majority Leader Harry Reid, “…Only 36,000 people lost their jobs today, which is really good.”

Friday, March 5th, 2010

Senate Majority Leader Harry Reid, D-NV upon news that that more Americans are unemployed said “Today is a big day for America, only 36,000 Americans lost their jobs today which is really good.”

Like Sen. Harry Reid—President Obama said that the jobless report is better than expected.

Huh?

Where are those two million jobs that Obama said that he saved or created?

Obama Job Deficit Hits 8.3 Million Via The Heritage Foundation

Posted in Barack Obama, Democrats, Economy, Sen. Harry Reid | No Comments »

Under Employment 19.9% 30 Million Americans Working Less Than Desired

Tuesday, February 23rd, 2010

During Obama’s watch, 19.9% of the U.S. workforce were under employed during January, translating close to 30 million Americans, who were working less than desired.

When President Obama was pitching his Economic Stimulus package he said that it would save or create 3.5 million jobs and keep unemployment from peaking at 8% instead it stands at 9.7% and the economy has shed some 3 million jobs.

Just last week, President Obama claimed on the Anniversary of his Economic Stimulus package that his polices have saved or created 2 million jobs so far.

Huh? What’s a saved job?

The number of Americans filing first time claims for Unemployment surged 31,ooo to 473,000 the U.S. Dept of Labor reported last Thursday, where-o-where are all those jobs that Obama has taken credit for creating?

More here Via Gallup

Consumer Confidence falls to worst level since 1983 Via CNBC

FDIC reports 702 problem banks, 27% increase in 4th quarter 2009 Via Yahoo Finance

Posted in Barack Obama, Economy, Obama Administration | No Comments »

Citigroup Thanks Taxpayers for $300 Billion+ in Troubled Asset Guarantees & Bailout Money

Monday, February 22nd, 2010

Citigroup received $306 Billion in troubled asset guarantees from the Fed including an infusion of $45 Billion in capitalization.

Thanking the American Taxpayers for saving them from bankruptcy and liquidation—Citigroup has informed its customers that effective 01 April, 2010 they reserve the right to require that its customers provide seven (7) days notice in advance before being able to withdraw funds from their checking accounts.

More here from Alex Jones—Prison Planet

Posted in Economy, Troubled Asset Relief Program (TARP) | No Comments »

Obama Champions Economic Stimulus Program while Lying to America

Thursday, February 18th, 2010

Obama looks at his Teleprompter while reading a speech yesterday championing his Economic Stimulus program which he claimed one year ago would save or create 3.5 million jobs over two years and that unemployment would not rise above 8 percent. Instead unemployment stands at 9.7% and the economy has shed millions of jobs.

With more and more Americans out of work the U.S. Dept of Labor estimates that 8 million Americans will exhaust their unemployment benefits this year. Unemployment surged last week with an additional 31,000 Americans filing first time claims for unemployment benefits.

Where are all the jobs that the Obama Administration claims that his economic stimulus program allegedly saved or created?

More here Stimulus by the Numbers: Economic Data for 2009-2010 Via FOX News

Posted in Barack Obama, Economy | No Comments »

The Democrat-Socialist Strategy For 2010

Tuesday, February 16th, 2010

“…Democrat‘s have moved so far to the left it is now virtually anti-capitalism and anti-individual…Obama is merely the repulsive face of the party but its not just him, its all of them, its the party, its the ideology…”

More here by Pam Geller, Via Breitbart–Big Government

Japan now largest holder of U.S. Debt, China sold $34.2 Billion of Debt in December Via Crienglish.com

H/T: Xiao-Mei

Posted in Barack Obama, Democrats, Economy, Socialism | No Comments »

Obama: If At First You Don’t Succeed, Never Mind the Legislative Process

Saturday, February 13th, 2010

Obama frustrated by his inability to govern and to get Democrats that control Congress to advance his political agenda, plans to side-step the legislative process and sign Executive Orders to advance his liberal policy goals.

More here Via Newsmax

Posted in Barack Obama, Democrats, Economy, Socialism | 1 Comment »

Obama’s Looming Credit Crunch, Is China about to dump U.S. Debt?

Friday, February 12th, 2010

Is China ready to dump U.S. Debt?

Its being reported that China’s State Administration of Foreign Exchange, which adopts rules and regulations governing foreign exchange market activities and managing the nations foreign exchange reserves, has ordered its foreign exchange managers to dump risky securities and hold only U.S. Government debt that carries an explicit guarantee.

Who will finance Obama’s $3.8 Trillion dollar budget and record $1.6 Trillion dollar deficit if the Chinese dump U.S. securities?

More here Via China Economic Review

Obama submits largest budget in history but portrayed as Fiscal Conservative by Networks