Results 1 to 10 of 15
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11-16-2009, 10:26 PM #1OPSenior Member
So much for the 800 Billion Dollar Stimulus
One of the biggest rip-offs in American History....besides Obamao's completely bullshit campaign
Jobs Saved or Created in Congressional Districts That Don't Exist - ABC News
Obama got punked in China yesterday too......like I said.....dudes a BROAD on an international level now. Anyone in Samoa feel like punking Obamao? imp:Islandborn Reviewed by Islandborn on . So much for the 800 Billion Dollar Stimulus One of the biggest rip-offs in American History....besides Obamao's completely bullshit campaign Jobs Saved or Created in Congressional Districts That Don't Exist - ABC News Obama got punked in China yesterday too......like I said.....dudes a BROAD on an international level now. Anyone in Samoa feel like punking Obamao? :pimp: Rating: 5
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11-17-2009, 01:42 AM #2Senior Member
So much for the 800 Billion Dollar Stimulus
Originally Posted by Islandborn
Giving billions of dollars of money to the money changers who screwed us up in the first place is completely stupid.
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11-17-2009, 02:02 AM #3OPSenior Member
So much for the 800 Billion Dollar Stimulus
Literally everyday is another foot-in-mouth moment.....didnt Obama give the Emperor of Japan a blowjob on saturday night? Then followed it up getting lectured by the Commies in China for about 2 and a half hours on fiscal responsibility.
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11-17-2009, 05:10 PM #4Senior Member
So much for the 800 Billion Dollar Stimulus
Originally Posted by Hempsouth
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11-17-2009, 06:41 PM #5Senior Member
So much for the 800 Billion Dollar Stimulus
i love the line "people make mistakes"
yet were talking about millions of dollars, so how many more of these "mistakes" were there, and what happened to the money that accidently went to the wrong places?
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11-17-2009, 08:13 PM #6Senior Member
So much for the 800 Billion Dollar Stimulus
Last I remember, we had a pretty big deficit when O came into office. O won on the promise that he could correct it. We'd have 9.4% unemployment if we didn't do the stimulus. Well here we are over 10%.
If I recall, you don't fix a debt problem by creating more debt. I don't know how your check book works but that's how mine does.
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11-17-2009, 08:33 PM #7Senior Member
So much for the 800 Billion Dollar Stimulus
Originally Posted by RoundEye
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11-19-2009, 07:54 PM #8Senior Member
So much for the 800 Billion Dollar Stimulus
A couple points:
1.) TARP ($800 billion financial sector rescue package) was not given, it was a loan. The transaction was used as a debt for equity swap, or preferred stock option in the most troubled banks and financial institutions (Citi, BoA, AIG). Given the pennies on the dollar strike price in these contracts, the American taxpayer looks to make out like a bandit. The money will all be payed back....
2.) Stimulus package is a hot topic again. Due to the tax cuts being saved (or paying down debt), the majority of the stimulus (which is just finishing its major accumulation in the sovereign debt market) is ready to be unleashed. This equates to major building projects beginning at the end of the first quarter 2010, which should have a dramatic effect on US capital goods manufacturing as well as provide a major boost for consumer sentiment. But.... there is that talk that a second stimulus is all but necessary due to the massive 1 year spike in unemployment.
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11-19-2009, 08:00 PM #9Senior Member
So much for the 800 Billion Dollar Stimulus
1: Gethner has already stated that they're not going to get a lot of the money back.
2: Dream on. Once inflation kicks in from the fed printing lots of worthless paper no one is going to able to afford to build.
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11-19-2009, 09:58 PM #10Senior Member
So much for the 800 Billion Dollar Stimulus
Originally Posted by GoldenBoy812
Originally Posted by GoldenBoy812
Originally Posted by GoldenBoy812
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