Video: Greece set for crucial election

Video: Greece set for crucial election

There are 22 comments on the CBS News story from Jun 16, 2012, titled Video: Greece set for crucial election. In it, CBS News reports that:

An election seen as critical for the economy of Greece and important to the European Union and U.S. is set for Sunday.

Join the discussion below, or Read more at CBS News.

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“Truth to Power!”

Since: Apr 07

Lake Mary, FL

#1 Jun 16, 2012


Greece's financial state is exactly where Obama is trying to take us. "NEVER LET A CRISIS GO TO WASTE!"

“Truth to Power!”

Since: Apr 07

Lake Mary, FL

#2 Jun 16, 2012
Obama = Bankruptcy...just like Greece.



Obama's Solyndra execs will decline to testify at hearing

Tue Sep 20, 2011


Sept 20 (Reuters)- Solyndra LLC's chief executive and chief financial officer will invoke their Fifth Amendment rights and decline to answer any questions put to them at a Congressional hearing on Friday, according to letters from their attorneys obtained by Reuters.

In the letters sent to the House Energy and Commerce Committee's Subcommittee on Oversight and Investigations, attorneys for Solyndra CEO Brian Harrison and CFO W. G. Stover said they advised their clients not to provide testimony during the hearings.

The bankrupt company's $535 million federal loan guarantee is being investigated by the House Energy and Commerce Committee.

Harrison is represented by Orrick, Herrington & Sutcliffe and Stover is represented by Keker & Van Nest.

Solyndra's offices were raided by the FBI two days after the company filed for bankruptcy, although the FBI did not say what prompted the raid.(Reporting by Nichola Groom in Los Angeles, editing by Gerald E. McCormick)

http://af.reuters.com/article/commoditiesNews...
TedsLiver

San Francisco, CA

#3 Jun 16, 2012
Greece is really Grease.

Since: Mar 09

The Left Coast

#4 Jun 16, 2012
They need to ask obama, he knows what to do. After all, he 'won' the nobel peace prize.
Obama Advisor

Hazen, ND

#5 Jun 16, 2012
They need to spend a few trillion dollars as fast as possible. It's the only way to get out of debt.
Obama Voter

Brooklyn, NY

#6 Jun 16, 2012
I need his hard black dick in me!!
Wall Street Government

Sebastian, FL

#7 Jun 16, 2012
Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country's already bloated deficit.

Creative accounting took priority when it came to totting up government debt.Since 1999, the Maastricht rules threaten to slap hefty fines on euro member countries that exceed the budget deficit limit of three percent of gross domestic product. Total government debt mustn't exceed 60 percent.
Now, though, it looks like the Greek figure jugglers have been even more brazen than was previously thought. "Around 2002 in particular, various investment banks offered complex financial products with which governments could push part of their liabilities into the future," one insider recalled, adding that Mediterranean countries had snapped up such products.

Greece's debt managers agreed a huge deal with the savvy bankers of US investment bank Goldman Sachs at the start of 2002. The deal involved so-called cross-currency swaps in which government debt issued in dollars and yen was swapped for euro debt for a certain period -- to be exchanged back into the original currencies at a later date.

You just can't beat teabagger accounting,just don't "account", until someone other than a Wall Street crook or a teabagger does the accounting.
Cat74

United States

#8 Jun 16, 2012
How many elections do these people have? Didn't they just have one? Are they filling a wheel barrel with their money to buy bread yet? We will be doing the same thing if we reelect the Democrats.

Since: Dec 07

Frankston, TX

#9 Jun 16, 2012
Wall Street Government wrote:
Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country's already bloated deficit.
Creative accounting took priority when it came to totting up government debt.Since 1999, the Maastricht rules threaten to slap hefty fines on euro member countries that exceed the budget deficit limit of three percent of gross domestic product. Total government debt mustn't exceed 60 percent.
Now, though, it looks like the Greek figure jugglers have been even more brazen than was previously thought. "Around 2002 in particular, various investment banks offered complex financial products with which governments could push part of their liabilities into the future," one insider recalled, adding that Mediterranean countries had snapped up such products.
Greece's debt managers agreed a huge deal with the savvy bankers of US investment bank Goldman Sachs at the start of 2002. The deal involved so-called cross-currency swaps in which government debt issued in dollars and yen was swapped for euro debt for a certain period -- to be exchanged back into the original currencies at a later date.
You just can't beat teabagger accounting,just don't "account", until someone other than a Wall Street crook or a teabagger does the accounting.
Creative accounting? Like slick willies surplus and nobama's "we created 4 million jobs.

You can't beat democrat accounting like that. LMAO
Wall Street Government

Sebastian, FL

#10 Jun 17, 2012
Bluebonnets-Thistle wrote:
<quoted text>
Creative accounting? Like slick willies surplus and nobama's "we created 4 million jobs.
You can't beat democrat accounting like that. LMAO
September 27, 2000
President Clinton announced Wednesday that the federal budget surplus for fiscal year 2000 amounted to at least $230 billion, making it the largest in U.S. history and topping last year's record surplus of $122.7 billion."This represents the largest one-year debt reduction in the history of the United States," Clinton said Wednesday morning.
Clinton also announced the federal government paid down the national debt by $223 billion this year, and by more than $360 billion since 1998, the largest debt reduction in U.S. history.

If teabaggers would stop confusing the national debt withe fiscal yearly budget, they might begin to understand.

During an interview on NBC’s Today show, House Speaker John Boehner, R-Ohio, offered some job-creation statistics to cast a favorable light on the tax cuts passed under President George W. Bush in 2001 and 2003.

Host Matt Lauer said to Boehner, "You talk about creating jobs. When the Bush era tax cuts were passed in 2001, unemployment in this country was 4.5 percent. Today it's at 9 percent, just down from 10 percent. So why are the Bush era tax cuts creating jobs?"

Boehner responded that the tax cuts "created about 8 million jobs over the first 10 years that they were in existence. We've lost about 5 million of those jobs during this recession."

January 2008: 137,996,000 people employed
Increase during that six-and-a-half-year period: 5,949,000 people

That’s roughly 6 million jobs -- significantly below the 8 million Boehner cited.

Now let’s turn to the jobs lost during the recession. We once again calculated the numbers in the way most favorable to Boehner -- from the peak of employment (January 2008) to the lowest point (February 2010). Here are the figures:

January 2008: 137,996,000 people employed
February 2010: 129,246,000 people employed
Decrease during the roughly two-year period: 8,750,000 people

That’s almost 9 million jobs lost -- almost twice what Boehner had said on Today.

More "creative" teabagger accounting?

Since: Dec 07

Frankston, TX

#11 Jun 17, 2012
Wall Street Government wrote:
<quoted text>September 27, 2000
President Clinton announced Wednesday that the federal budget surplus for fiscal year 2000 amounted to at least $230 billion, making it the largest in U.S. history and topping last year's record surplus of $122.7 billion."This represents the largest one-year debt reduction in the history of the United States," Clinton said Wednesday morning.
January 2008: 137,996,000 people employed
Increase during that six-and-a-half-year period: 5,949,000 people
That’s roughly 6 million jobs -- significantly below the 8 million Boehner cited.
Now let’s turn to the jobs lost during the recession. We once again calculated the numbers in the way most favorable to Boehner -- from the peak of employment (January 2008) to the lowest point (February 2010). Here are the figures:
January 2008: 137,996,000 people employed
February 2010: 129,246,000 people employed
Decrease during the roughly two-year period: 8,750,000 people
That’s almost 9 million jobs lost -- almost twice what Boehner had said on Today.
More "creative" teabagger accounting?
Clinton announced that he left a surplus---and the left fell for it.(Based on projections from the dot.com industry which never materialized, he also moved money on paper from SS.
And he also announced "he didn't have sex with that woman!" (Clinton wouldn't lie now, would he)
Clinton rode the coattails of Reaganomics, Didn't change a thing (except strutting around like a peaccock claiming he caused it!) LMAO Obama has extended the Bush tax cuts TWICE--then claiming he created jobs in the red states where he has no influence on them.
Liberals like Obama have pushed for unpredictable tax increases, and American businesses have moved overseas where other governments do not impose such ridiculous taxes. Even if businesses do not move overseas, they have to make up the money somewhere. When the government steals more of their money, corporations either lay off people or raise prices. Let's not forget that Obama also printed millions of worthless dollars, which only made prices go up. Is it really a surprise that so many of our fellow Americans are out of work?
And the Democrats are supposedly the party of working people. Go figure.
The Obama Administration continuing to bury us in a flood of worthless currency created, not by working for it, but by the simple act of printing it. The Dems have been doing that almost since the very November day Obama was elected.
The unemployment rate ending December 2006 (FULL DEMOCRAT CONGRESS WAS ELECTED) was 4.4% and was 4.6% at the end of January 2007.
From there the unemployment rate climbed almost every single month, not every month but damn near every month. It is a FACT that the lowest unemployment rate since the democrats gained control is their third month (March 2007) at 4.4%. After that time we have been in a state of rising unemployment.
Obama's lowest month was February, we can not give him credit for January 2009 since he was only in office for 10 days. January 2009 goes to the democrats.
Obama started at 8.2% unemployment and has never looked back.
Forget that in 2006, the Center for Responsive Politics determined that seven of the top ten richest members of the Senate were Democrats. And leave Nancy’s vineyard and Harry’s Ritz-Carlton den out of this.
So what if Obama added more to the national debt in the first nineteen months of his administration than all presidents from Washington through Reagan combined. He had to spend that money. Paul Krugman said so.
Hang in there, toodles.
Cat74

Westmont, IL

#12 Jun 17, 2012
So the President defys Congress, and Solybdra execs refuse a Congressional hearing subpoena. Looks like the whole damn bunch is corrupt. His buddies are as criminal as he is. We have to vote them out in November.
Cat74

Westmont, IL

#13 Jun 17, 2012
Correction: Defies, not defys.

Since: Dec 07

Frankston, TX

#14 Jun 17, 2012
Wall Street Government wrote:
<quoted text>September 27, 2000
President Clinton announced Wednesday that the federal budget surplus for fiscal year 2000 amounted to at least $230 billion, making it the largest in U.S. history and topping last year's record surplus of $122.7 billion."This represents the largest one-year debt reduction in the history of the United States," Clinton said Wednesday morning.
Clinton also announced the federal government paid down the national debt by $223 billion this year, and by more than $360 billion since 1998, the largest debt reduction in U.S. history.
If teabaggers would stop confusing the national debt withe fiscal yearly budget, they might begin to understand.
During an interview on NBC’s Today show, House Speaker John Boehner, R-Ohio, offered some job-creation statistics to cast a favorable light on the tax cuts passed under President George W. Bush in 2001 and 2003.
Host Matt Lauer said to Boehner, "You talk about creating jobs. When the Bush era tax cuts were passed in 2001, unemployment in this country was 4.5 percent. Today it's at 9 percent, just down from 10 percent. So why are the Bush era tax cuts creating jobs?"
Boehner responded that the tax cuts "created about 8 million jobs over the first 10 years that they were in existence. We've lost about 5 million of those jobs during this recession."
January 2008: 137,996,000 people employed
Increase during that six-and-a-half-year period: 5,949,000 people
That’s roughly 6 million jobs -- significantly below the 8 million Boehner cited.
Now let’s turn to the jobs lost during the recession. We once again calculated the numbers in the way most favorable to Boehner -- from the peak of employment (January 2008) to the lowest point (February 2010). Here are the figures:
January 2008: 137,996,000 people employed
February 2010: 129,246,000 people employed
Decrease during the roughly two-year period: 8,750,000 people
That’s almost 9 million jobs lost -- almost twice what Boehner had said on Today.
More "creative" teabagger accounting?
After the full dem congress was elected in 2006, most employers felt a massive tax program was iminent and you know it. After the election of a dem president, it was as good as done. Bush had NOTHING to do with the drop in unempolyment. Most Americans have realized that fact, get on board. Pelosi had the minimum wage increased against warnings from people of her own party. Then as she struted around like a peacock, MANY small businesses shut down because they couldn't pay it. The red states where taxes are low have attracted businesses with Texas leading the way by massive amounts of companies moving to the Lone Star State since. GOOGLE IT.

Then go back to jr. college and retake economics, you failed the first time.

Since: Dec 07

Frankston, TX

#15 Jun 17, 2012
Thank the Lord for 2010 and put the brakes on nobama and pelosi's destruction.
Right On

De Soto, KS

#16 Jun 17, 2012
Bluebonnets-Thistle wrote:
Thank the Lord for 2010 and put the brakes on nobama and pelosi's destruction.
Exactly!

Since: Mar 09

The Left Coast

#17 Jun 17, 2012
What? Greece went to a conservative government because the liberals ran them into ruin. Maybe obama is right, we should follow Greece.
Wall Street Government

Sebastian, FL

#18 Jun 18, 2012
Bluebonnets-Thistle wrote:
<quoted text>
After the full dem congress was elected in 2006, most employers felt a massive tax program was iminent and you know it. After the election of a dem president, it was as good as done. Bush had NOTHING to do with the drop in unempolyment. Most Americans have realized that fact, get on board. Pelosi had the minimum wage increased against warnings from people of her own party. Then as she struted around like a peacock, MANY small businesses shut down because they couldn't pay it. The red states where taxes are low have attracted businesses with Texas leading the way by massive amounts of companies moving to the Lone Star State since. GOOGLE IT.
Then go back to jr. college and retake economics, you failed the first time.
Texass, tied with Mississippi for the most MINIMUM WAGEjobs in the country, GOOGLE it.

Houston has been named the nation's "#1 Millionaire City" for annual growth in millionaires. Last year, the city's 15 largest employers reaped more than $178 billion in profits in 2011 - a more than 50% increase over the previous year. Despite this, Texas is tied with Mississippi for the highest proportion of minimum wage jobs in the nation. In the wake of huge profit margins, working Houstonians' wages have remained stagnant or fallen behind - in fact, one in five people working in Houston, cooks, cashiers, janitors, baggage porters, and security guards, make less than $10 per hour.

But Thursday's action is not just about Houston. The growing income gap in this country become a national political issue facing elected leaders as the electorate focuses on the demise of the middle class and the role of big corporations such as Shell, Wells Fargo, Exxon, JP Morgan Chase, and others in our communities. While working people in Houston and across this country continue to pay their fair share of taxes, big corporations - and especially commercial real estate companies - have continued to avoid paying their fair share despite record profits.

Texas has by far the largest number of employees working at or below the federal minimum wage ($7.25 per hour in 2010) compared to any state, according to a BLS report. In 2010, about 550,000 Texans were working at or below minimum wage, or about 9.5 percent of all workers paid by the hour in the state. Texas tied with Mississippi for the greatest percentage of minimum wage workers…From 2007 to 2010, the number of minimum wage workers in Texas rose from 221,000 to 550,000, an increase of nearly 150 percent.

Poor teabagger and Texans, even poorer.
Cat74

Westmont, IL

#19 Jun 18, 2012
their election was a joke. Egypt was a gift from America to the Muslim brotherhood, and they had to have more then one election to "get it right." America should be so ashamed.
short russ micro bus

Prophetstown, IL

#20 Jun 19, 2012
a bunch of crooked black jack dealers

why dont they just drop fake bank notes of each other and print money - its what they do here

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