Obama and his new budget: Debt will surpass total US Economy

Hog1

..........Then I would......Damn you to HELL!
Naturally, in a most respectful way.

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CRedskinsRule

It's been mentioned, but here is an interesting article (based on info obtained through wikileaks)

Special report: China flexed its muscles using U.S. Treasuries - Yahoo! News

Chico23231

more good news about the economy, umemployment drops under 9.0%

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Slingin Sammy 33

the other side of the coin....

Morning Bell: The Jobs Obama is Leaving Behind

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Chico23231

lol..."it should be doing better"...yeah i guess the economy should be doing right?

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Chico23231

March jobs report: Jobs gain, unemployment falls - Apr. 1, 2011

uh oh...more good news on the economy

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Slingin Sammy 33

Don't roll out the "Mission Accomplished" banner just yet. From NPR, not Heritage or Fox...

High Oil Prices Could Slow U.S. Economic Growth : NPR

Mr. WESSEL: Nothing good. Look, that's a simple one. We've had $20, $25 increase in the price of oil. Each $10 increase in the price of oil shaves about two-tenths off our growth rate. It's like a tax on us. The money goes to the oil producers. It hurts growth. It means that people spend money on something - they have to spend money to fill their tank. They can't spend it on other things. It raises prices here, raises inflation threat, so it's all bad, and that's probably the biggest single risk to economy right now that oil prices goes still higher.
MONTAGNE: Okay, so let's get back to where we started, tomorrow's jobs report. What are we likely to see?
Mr. WESSEL: Well, the expectations are we'll see about 200,000 more private sectors jobs created. That's about what we saw in February. But with 14 million people still unemployed and looking for work, this is pretty slow progress. We won't see any effects on the Japanese earthquake in here. The survey that the Labor Department takes was taken before that earthquake hit. We know that business has been getting better for a lot of business.
The Business Roundtable CEOs, for instance, said nearly all of them expect sales to go higher in the next six months, but only half of them see adding workers in the next six months. That's more than we saw before; a higher percentage we saw before, but still worrisome. So I think what people are looking for is some sign that the private sector job engine is getting better and better. It's been getting better but it's such a painfully slow rate that it's really disappointing.
MONTAGNE: David Wessel of The Wall Street Journal. Thanks very much.
Mr. WESSEL: You're welcome.

And to be clear the policies of Obama and the Democrats in Congress have done nothing but deepen the recession and slow the recovery.

Then there's this......
U.S. National Debt Clock : Real Time

Which Obama and the Ds have no interest in reversing.

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...[If] an angel fairy came down and said, '[You can have anything]....you would like to own,' I wouldn't be surprised if you said a football club and particularly the Washington Redskins.'' — Jack Kent Cooke, 1996.

firstdown

The press will have the unemployment below 5% by the time of the election.

Schneed10

I'd like to point out that it's insane to lay credit or blame for economic recovery/failure at the feet of the POTUS.

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Slingin Sammy 33

Agreed, but a POTUS with a majority/supermajority of his/her party in Congress is a another issue.

And for clarity, I'm not saying they are the major factor, but certainly have significant influence on policy affecting the economy.

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...[If] an angel fairy came down and said, '[You can have anything]....you would like to own,' I wouldn't be surprised if you said a football club and particularly the Washington Redskins.'' — Jack Kent Cooke, 1996.

Chico23231

lol...nice

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12thMan

I wanted to bump this thread for the bean counters. Pretty good accounting and detailed breakdown of TARP bailout tracking funds disbursed, repaid, and interest.

On a side note, though the Bush admin won't get full credit for it TARP was probably the most successful policy passed during his administration, albeit right before he left the White House.


Bailout Scorecard | Eye on the Bailout | ProPublica

12thMan

Also important to keep in mind that Treasury never tapped the full $700 Billion TARP fund, meaning that the program will be finished a few years ahead of schedule and by law no new funds can be loaned or disbursed as of September 2010.

TARP's projected losses will be around $5o billion, although I saw a figure today that it could be closer to $34 billion once all funds are fully repaid.