Comments (Page 4)
Confirmed exactly what most people already knew.
He'll never be allowed to speak without a teleprompter again.....I know his followers hope not.
Difficult defending an idiot huh? Well, you will be worn out defending Romney. Oh I was taught you could tell how intelligent someone is by how many "dirty words" or how much profanity they had to use to convey a thought. Just what I was taught.
Despite President Barack Obama’s stories about a resurgent GM ready to repay its bailout tab, the automaker and its former bank still owe taxpayers nearly $42 billion, according to an inspector general’s report.
GM owes $27 billion on the nearly $50 billion it received from the auto bailout and Ally Bank, the company’s lending arm, owes $14.7 billion of the $17.2 billion taxpayer-funded bailout it received.
Obama has promoted the auto bailout as a success story, highlighting the manufacturing jobs it may have saved in swing states such as Ohio and Michigan.
“I refused to turn my back on a great industry and American workers. I bet on American workers. I bet on American manufacturing,” he said at a campaign rally in Oakland.“Three years later, the American auto industry has come roaring back.”
GM’s stock has plummeted in recent months after stagnant development in overseas markets. It hit a new low on Wednesday, falling to $18.80, a 52 percent drop from its January 2011 high of $38.90.
The rapid decline of the stock price has kept taxpayers on the hook for billions in unpaid bailout dollars. The stock would need to make a quick—and meteoric—turnaround for taxpayers to break even.
“In order to recoup its total investment in GM, Treasury will need to recover an additional $27 billion in proceeds. This translates to an average of $53.98 per share on its remaining common shares in New GM,” the IG report concluded.
The federal government has maintained a 32 percent ownership interest in GM, despite promises to sell off its shares after the November 2010 IPO. The administration has also maintained a controlling interest in Ally Financial, formerly known as GMAC.
The administration lost $2.9 billion on the Chrysler bailout, a black eye to Obama’s initial promise that all taxpayer dollars would be recovered. Selling shares in GM and Ally would lead to a multi-billion dollar loss for taxpayers and could damage the Obama campaign’s claim in a March campaign video that the ailing automaker had repaid its loans.
“Because of the tough choices the president made, the stage was set for a resurgent U.S. auto industry,” Tom Hanks said, narrating the 17-minute campaign video titled The Road We’ve Traveled.“With business booming,(GM and Chrysler) repaid their loans.”
Financial experts see the election-year creeping into the decision to hold on to the falling stock.
“Geithner and the rest of Treasury doesn’t want to admit that it is a mess and they’ve been lying to us for three years,” Christopher Whalen, cofounder of Institutional Risk Analytics, told the Washington Free Beacon in April.“They’re waiting until after the election.”
Waiting until after the election .... L M A O
CBO: Obamacare levies $1 trillion in new taxes
President Obama’s health care law raises taxes by $1 trillion, according to a new report from the Congressional Budget Office.
The individual mandate — which the CBO calls a “penalty tax,” in apparent deference to Chief Justice John Roberts — will produce $55 billion in “penalty payments by uninsured individuals,” the CBO told House Speaker John Boehner, R-Ohio, in a Tuesday letter. Of course, the framers of the law didn’t design the mandate as a tax, and so it produces less revenue than any other provision in the bill.
The “additional hospital insurance tax” is the largest tax increase in Obamacare, projected to bring in $318 billion in new revenues. According to the 2010 report from the Journal of Accountancy, this tax hits “high-income tax payers”— individuals making over $125,000 a year or households making over $250,000 a year.
The health care law gets another $216 billion from the “associated effects of coverage provisions on tax revenues,” while “reinsurance and risk adjustment collections” brings in another $184 billion. Fees on certain manufacturers and insurers generate $165 billion. Another $111 billion comes from the excise tax on high-premium insurance plans.
Obamacare also demands “penalty payments by employers” to the tune of $106 billion.“Other revenue provisions” bring in $87 billion, per CBO.
White House Press Secretary Jay Carney told reporters yesterday that “the Congressional Budget Office confirmed once again that repealing the Affordable Care Act would increase the deficit.”
Shorter Carney: We spend a lot of money, but we raised taxes by even more.
It's just a trillion dollars of new taxes.
But , But , But No new taxes , another lie from Obama.
Gallup Poll: Obama’s Approval Rating Among Business Owners A Scant 35%…
Business owners resoundingly oppose President Barack Obama’s policies, with nearly 60 percent disapproving of his job performance, according to a Gallup Poll released Thursday.
Fifty-nine percent of business owners said they disapprove of Obama’s job performance, compared with 35 percent who said they approve.
Their approval of the president has fallen from 41 percent in the first quarter to 35 percent in the second quarter of 2012, a drop of 6 points.
This puts business owners with the second-lowest approval in terms of occupational groups measured by Gallup.
The group with the lowest approval was farming, fishing or forestry workers, who disapproved of the president, 57 percent to 34 percent.
Even better: The poll was conducted before he made his “you didn’t build that” comment.
Obamanomics: Economic Growth Stalls To Anemic 1.5% During 2nd Quarter…
WASHINGTON (AP)– The U.S. economy grew at an annual rate of just 1.5 percent from April through June, as Americans cut back sharply on spending. The slowdown in growth adds to worries that the economy could be stalling three years after the recession ended.
The Commerce Department also said Friday that the economy grew a little better than previously thought in the January-March quarter. It raised its estimate to a 2 percent rate, up from 1.9 percent.
Growth at or below 2 percent isn’t enough to lower the unemployment rate, which was 8.2 percent last month. And most economists don’t expect growth to pick up much in the second half of the year. Europe’s financial crisis and a looming budget crisis in the U.S. are expected to slow business investment further.
Obama Visits New Hampshire Town And Sticks Them With The Bill
A New Hampshire town says a campaign visit last month by President Barack Obama cost about $13,000, well below the initial estimate of up to $30,000.
Selig says several organizations, including WMUR-TV and The Associated Press, had filed right-to-know requests to learn the identity of a donor who agreed to pay up to $20,000 to cover expenses from the visit. He says the town will provide that information when the funds are received.
The Obama campaign decided it wouldn’t reimburse the town for the costs.
Nothing surprising here , Obama continues to stick working Americans with the bill daily.
Thanks again for starting a post talking about Obama.
White House Budget Director Predicts $1.2 Trillion Deficit For 2012 Same Week Obama Campaign Ad Promises To “Pay Down The Debt”…
President Obama’s budget director predicted a $1.2 trillion budget deficit for 2012 today, which prompted one senator to call for the president to pull down a Obama campaign ad that promises to “pay down the debt.”
“For 2012, the deficit is now projected to be $1.211 trillion,$116 billion lower than the $1.327 trillion deficit projected in February,” Jeff Zients, director of the Office of Management and Budget, wrote on the White House blog.“This reflects lower-than-expected spending, partially offset by lower-than-expected receipts.”
His projection comes just days after Obama released a campaign advertisement that proposes “asking the wealthy to pay a little more so that we can pay down our debt in a balanced way.” Zients alluded to the tax increase proposal when he said that “Congress can and must enact a comprehensive and balanced deficit reduction package, along the lines of the President’s Budget”— a budget unanimously rejected by the House and the Senate.
Sen. Jeff Sessions, R-Ala., believes that the $1.2 trillion deficit rather Obama’s rhetoric on paying down the debt than strengthens it.
“The President’s claim his tax hikes are for deficit reduction is shown to be false as well,” Sessions, the ranking Republican on the Budget Committee, said today.“His budget proposes to spend $46.2 trillion over ten years—an increase of nearly one-and-half trillion dollars above the current law baseline and a 57 percent increase above today’s spending levels. The President’s $1.8 trillion tax increase is not used to reduce the deficit but to fund this massive increase above what we are currently planning to spend.”
Sessions said that the TV ad is “dramatically false” and “ought to be pulled down.”
Democrats Backpedal as China Readies $15.1 Billion Canadian Oil Deal
When President Barack Obama blocked the Keystone Pipeline, Republicans said the move would encourage Canada to pursue oil deals with China instead of the United States and cede a massive chunk of North American oil assets to the communist nation.
Now, with China's state-run oil company CNOOC poised to cut a $15.1 billion deal--the largest ever foreign acquisition for a Chinese company--with Canadian oil company Nexen, Sen. Charles Schumer (D-NY) and Rep. Nancy Pelosi (D-CA) are in full backpedal mode.
In a draft letter to the Committee on Foreign Investment in the United States (CFIUS), Sen. Schumer writes:
I respectfully urge you, in your capacity as chairman of the Committee on Foreign Investment in the United States (CFIUS), to withhold approval of this transaction to ensure U.S. companies reciprocal treatment.
Similarly, Rep. Pelosi is now sounding alarms of concern. In a statement, Pelosi spokesperson Drew Hamill said:
This deal prompts great concern about the Chinese government's continued attempts to use its state-owned enterprises to acquire global energy resources.
Saying "I told you so" offers little solace to concerned Republican lawmakers.
"Do we really want to be buying our oil or Canadian oil back from the Chinese?" said Sen. John Hoeven (R-ND). "If we don't take action to develop our resources and work with our closest friend and ally Canada, that's exactly what's going to happen."
Just another mistake by the dumbass in chief.
I hate to admit I voted for Obama. I already knew some of the things on this post but some of the things he has done , i was not aware of.
I can't believe what a disappointment and failure he has turned out to be.
I will not make the same mistake twice , that's for sure.
I can't understand why I could not see this before I voted for him.
You were not alone Voted Wrong , there were 54% of American voters who made the same STUPID mistake in 2008.
Just glad you have woke up !!! LOL
Doesn't fix the damage already done by electing a dimbass but at least it reminds you of your error every time you read the stupid shit Obama does and says.
Gallup: Obama's Approval Rating Below 50% In 36 States...
Finally , idiots are waking up.
Obama Campaign Sues to Restrict Military Voting
President Barack Obama, along with many Democrats, likes to say that, while they may disagree with the GOP on many issues related to national security, they absolutely share their admiration and dedication to members of our armed forces. Obama, in particular, enjoys being seen visiting troops and having photos taken with members of our military. So, why is his campaign and the Democrat party suing to restrict their ability to vote in the upcoming election?
On July 17th, the Obama for America Campaign, the Democratic National Committee, and the Ohio Democratic Party filed suit in OH to strike down part of that state's law governing voting by members of the military. Their suit said that part of the law is "arbitrary" with "no discernible rational basis."
Currently, Ohio allows the public to vote early in-person up until the Friday before the election. Members of the military are given three extra days to do so. While the Democrats may see this as "arbitrary" and having "no discernible rational basis," I think it is entirely reasonable given the demands on servicemen and women's time and their obligations to their sworn duty.
The National Defense Committee reports:
[f]or each of the last three years, the Department of Defense’s Federal Voting Assistance Program has reported to the President and the Congress that the number one reason for military voter disenfranchisement is inadequate time to successfully vote.
I think it's unconscionable that we as a nation wouldn't make it as easy as possible for members of the military to vote. They arguably have more right to vote than the rest of us, since it is their service and sacrifice that ensures we have the right to vote in the first place.
If anyone proposes legislation to combat voter fraud, Democrats will loudly scream that the proposal could "disenfranchise" some voter, somewhere. We must ensure, they argue, that voting is easy and accessible to every single voter. Every voter, that is, except the men and women of our military.
Make no mistake, the Democrat lawsuit is intended to disenfranchise some unknown number of military voters. The judge should reject it with prejudice.
And this idiot acts like he supports our military and some idiots believe him , do YOU ?
Economy Creates 163,000 New Jobs but Rate Rises to 8.3%
Published: Friday, 3 Aug 2012 | 8:32 AM ET
By: Jeff Cox
CNBC.com Senior Writer
The U.S. economy closed out an otherwise weak second quarter by creating more jobs than expected, with 163,000 new positions added, but the unemployment rate fell to 8.3 percent. June saw 80,000 new jobs.
As the country struggles to gain growth traction, the unemployment rate held above 8 percent for the 41st consecutive month, according to the latest report from the Bureau of Labor Statistics.
Economists had been expecting the economy to generate 90,000 new jobs, but even that number had been ratcheted down a shade in recent days.
The first quarter of the year saw an average of 225,000 new positions a month, a figure that has dropped off considerably in the second quarter and helped fuel the political debate over which candidate — President Obama or Republican Mitt Romney — is better suited to bring the economy out of its malaise.
While the figures themselves have been gloomy enough, there is considerable debate over whether the Labor Department's headline numbers present the true picture.
A measure that takes into account those who have stopped looking for jobs as well as those working part-time for economic reasons has hovered near 15 percent. The so-called "real" unemployment rate, or U-6 measure, is above 20 percent in Nevada and California.
On a national level, that more encompassing rate edged higher to 15.0 percent.
Professional and business services led the job gains with 49,000 new positions, while the hospitality industry added 29,000 and manufacturing grew by 25,000.
Folks that "hope & change" , spending like a drunken sailor and deeper in debt is really working out well for the idiot in chief Obama , HuH?
What a joke !
Why are the libs avoiding discussing the sorry ass job Obama is doing ?
Not a peep !!!
I don't blame them for avoiding it. If I was stupid enough to vote for this dumbass , i would be ashamed too.
Some have....L O L
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