tagged w/ Unemployment
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In his daily radio show the uber-conservative accuses the administration of making the unemployment numbers look better than they really are.In his daily radio show the uber-conservative accuses the administration of making the... more
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To Catherine Cortez,
Pam Bondi,
Kamala Harris,
Eric T. Schneiderman
Attorney Generals of the States of Nevada, Florida, California
and the State of New York
Thank you for standing firm on not settling with the banks, and the others that have damaged our lives, and our economy
Please consider the new mortgage terms, and principal reduction policy outlined in this paper, before any settlement with the servicers, and other parties involve in the fraud case the States have filed against them.
Please forward this information to all the AGs that are participating in other lawsuits in other States.
If at all possible please confer with President Obama
Thank You
Leonard C. Tekaat, Economic Scholar
RESOLVING THE FORECLOSURE AND FORECLOSURE CRISIS
We are in a national economic slump caused by national policies! We must change national policies to resolve national problems.
Main St., the middle class, the working class, small businesses, and people in general have been financially decimated by the current financial crisis. Their disposable income , and confidence have been decreased.
This financial crisis has created one of the longest down turns in US economic history.
The vacant, and abandoned homes that are in our neighborhoods are similar to food that is rotting in the fields. We can do better than this for our citizens, when you consider that so many families need better housing.
The buzz on the housing market is: Sell the foreclosed homes to investors. Rent the foreclosed homes to previous home owners and tenants. Sell the homes with underwater mortgages by short sale, to deal with the foreclosure crisis.
Let me ask you, Do we really want a nation of investors, and renters?
Short sales are ok, and renting is appropriate for some people, but we need to help the majority of people stay in their homes, if at all possible, to maintain the American Dream of home ownership.
Sure we screwed up this time, but wise people learn from their mistakes, and make the necessary corrections to stop repeating the same mistake we have been repeating for the last 100 years.
Lately there has been talk about a national refinance plan that would help heal the primary home market.
Federal Reserve Chairman, Ben Bernanke, and Elizabeth Duke have made speeches in favor of the government doing more to stabilize the housing market. President Obama mentioned a national refinance plan in his 2012 State Of The Union speech.
I believe the private financial sector needs to step-up, and help resolve the foreclosure, and unemployment crisis they helped create.
We need to go beyond just a refinance plan. The economy needs a principal reduction plan to quicken recovery. We cannot wait 30 years until all the underwater mortgages are paid off, or the homes are foreclosed, or abandoned.
Every qualified homeowner with an underwater mortgage must be included in the national refinance plan, and the principal reduction policy. Which is approximately 25% of current homeowners.
The economy needs a principal reduction plan to unload the burden that the Big banks, Wall ST. and the government helped create to increase their profits, and tax revenues.
Homeowners are not innocent, but the working, and middle class people should not be the only ones suffering to clean up the mess the "BIG BOYS" MADE.
WE; Have to change that! The Big Boys got the "Gold Mine" WE got the BILL!!
The Committee For Economic Reform and A Better Economic Future has developed a PRIVATE SECTOR SOLUTION TO JOB CREATION AND ECONOMIC RECOVERY.
WE CALL IT "THE PEOPLE'S ECONOMIC RECOVERY PLAN.
The Plan has basically two parts. Get the economy on a healthy path to recovery, and change the policies that helped create the financial crisis.
To help prevent another financial crisis from occurring, we need to stop relying on the Federal Reserve to slow the economy down, when it is getting out of balance, and the amount of money, and credit that is being created is growing too fast. Instead we need to use the income tax to control inflation psychology, and excessive hard capital asset appreciation.
We believe that the financial sector, investors, and the people will embrace the "PLAN", because it will help heal the economy, and the primary home market. Improving the primary home market will decrease the unemployment, and the foreclosure rate, without increasing the deficit, like a government jobs program, or another government stimulus program will do.
We do not want to leave our children, our grand children, and our great grand children a legacy of debt to pay off with higher taxes, or an inflation tax, which will make us all poorer, create more poverty, and more government social liabilities.
You are correct, if you believe the foreclosure crisis will not correct itself quickly, without direct action. There are three things we can change, to speed up recovery.
1. Change the bankruptcy law. 2. Increase aggregate demand, without increasing the deficit. 3. Change the guiding policies (income tax policies) of our enterprise economy.
We need to convince the financial sector that it is to their benefit to make changes to their mortgage terms, and the bankruptcy laws to prevent more foreclosures, and improve the economy. Banks are only as financially strong as their customers. Their customer can be a government, or a homeowner. Greece, and the other PIGS countries are a perfect example of this. Their government debt problems can crash the world's banking system if their government debt, and their citizens debt obligation are not restructured as soon as possible.
Purchasing the new mortgage, or lowering principal balances should not cost the taxpayers a dime.
Reducing principal balances would be a way of helping the economy to rebalance itself, and for the financial sector to pay for the damage it did to our economy. The 25 billion is only tiny portion of what is needed to repair the damage that has been done by the banks and financial sector. The "Plan" includes all current home owners. Those families that have lost their homes illegally should receive a direct payment for damages.
For more info. go to foreclosurecrisissolved.wordpress.comTo Catherine Cortez,
Pam Bondi,
Kamala Harris,
Eric T. Schneiderman
Attorney... more
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Sunday, February 5th, 2012 | Posted by Ed Mattson
Wall Street is up…the Dow, Nasdaq, and S&P. Unemployment dropped to 8.3%. According to the Mainstream media, Obama, and all liberal and the Washington DC intellectuals who applaud BIG GOVERNMENT, are dancing like fairies in wonderland. Those who have longed for the day America joins the socialist democracies in Europe, can all take a sigh of relief…Obama the Messiah was right. His vision of changing America and his answer to whatever ails America can be solved by the federal government and is working. It is time for all of us to kneel on our blankets and bow toward the White House five times a day!
If all this is true and Obama is truly able to walk on water; that unemployment is really dropping like a sack of manure; that BIG GOVERNMENT is really the answer; and that our Founding Fathers concept with our experiment in free enterprise democracy has finally been dis-proven after creating the greatest nation the world has ever seen, then I must have missed something here.
I have been saying since I can remember that figures make liars out of those with good intentions and fools out of those who believe them. For those who believe the massaged numbers regarding the unemployment…sorry, but you are apparently drinking the Kool Aid.
Total non-farm payroll employment rose by 243,000 in January, and the unemployment rate decreased to 8.3 percent, the U.S. Bureau of Labor Statistics reported today. Cheers! Let’s all celebrate.
HOWEVER…In the week ending January 28, the advance figure for seasonally adjusted initial unemployment claims was 367,000, a decrease of 12,000 from the previous week’s revised figure of 379,000. Soon we will also have an influx of 900,000 veterans leaving the military and entering the workforce. Let’s see them cover those numbers up. Oh yeah, they will just be uncounted folks who won’t have jobs, because I don’t believe they will qualify for unemployment insurance.
You were promised change…here’s your change by the numbers:
[See Attached Media]
Thanks to how the government does its calculations, they can make the numbers infer anything they want. To say the numbers are being “fudged” in Washington, is no stretch of the imagination. Only in Washington can you lower the unemployment rate by increasing the number of those going back to work by 243,000, while at the same time you have an increase in new unemployment claims of 367,000. So the media, without any investigation buy into these glowing reports and believe we’ve made great headway…”unemployment has now dropped to 8.3%”…Right.
How can this be? To get the TRUE PICTURE, you have to look at ALL the numbers:
1.2 million people gave up looking for work in January. These are folks who dropped off the extended unemployment compensation insurance, gave up, or who took a part-time minimal wage job.
Only 12.7 million are now officially unemployed if you listen to the mouthpieces in Washington, but the real number is over 17 million if you calculate back in the 4.7 who have stopped looking since Obama took office. We can’t blame The President for all those as it started before Bush left town, but we certainly shouldn’t be celebrating. As Yogi Berra said, “It ain’t over ’til the fat lady sings”.
Obama is bragging that he added 3.7 million new jobs since the Bush era, but the reality is 4.3 million jobs have simply disappeared from the United States of America since Obama became President. 4.4 million jobs disappeared during the 2007-08 panic. But after Obama took office, an additional 4.3 million jobs disappeared. These were from jobs shipped overseas and in plant closings.
So when Obama says “altogether, we’ve added 3.7 million new jobs over the last 23 months”, he’s not giving you the full story. We are still 5.6 million jobs below where we were at the peak in 2007. Add to that the 4.9 million new jobs that would have had to be created just to soak up new entrants into the workforce, and all told we have a jobs deficit of 10.5 million.
When one adds in the 10.5 million who are working part time but would like to be working full time, we have 28 million who are unemployed or underemployed. As far as the “official” unemployment number goes it is a big fat statistical lie. The number for the real unemployment rate for 2011 was about 22.7%. (if unemployment was done the way Bureau of Labor Statistics did it before 1994) and probably over 19% so far for 2012.
According to the REAL VOICE ON WALL STREET, Investor’s Business Daily:
The president said: “We can’t go back to the policies that led to the recession. And we can’t let Washington stand in the way of our recovery.” And “We can’t go back to the policies that led to the recession”? We are told this is “our recovery”. The cause of the recession was, in fact, housing policies put in place by President Clinton and aggressively supported by Democrats in Congress, including former Sen. Barack Obama. How soon we forget. These were the policies that led to the housing meltdown, the financial crisis and, ultimately, the deep recession we’re still climbing out of, yet Obama’s “blame Bush” theme will be the Democrats’ strategy for the 2012 campaign. So get used to it.
The truth is, by now we should have created millions more jobs than we have. But Obama’s $836 billion stimulus, his botched industry bailouts, his failed “green” energy policies (Solyndra, et.al), his regulatory siege on business, and his disastrous attacks on Wall Street and entrepreneurs have made this the worst recovery in history.
These government “number slingers” are the same bunch that tells you the Consumer Price Index increased 3.0 percent before seasonal adjustment to end 2011. Let’s see… 3% inflation. Do you really believe that? Have you been shopping lately? Have you purchased gasoline or diesel for your vehicle so you could go to work (if you still have a job)? Oh, that’s right. THEY DON’T COUNT GAS AND FOOD IN THE INFLATION RATE! I guess we don’t need food or gasoline.
In most families the women do most of the grocery shopping right? Men usually aren’t always up to current grocery store prices. Next time anyone talks about politics and how things are going, just ask them if they have purchased ten pounds of potatoes this past year, or stopped in at a gas station. In 2009, 10 lbs of potatoes cost about $3.50 in Western Michigan (about $3.00 at Wal-Mart). Today the cost is over $5 any place you want to shop. Gas was $1.79/gal when Obama’s entourage slithered into Washington and today, down at the local discount gas station here in North Carolina, it’s $3.59. Is it any wonder they DON’T CALCULATE FOOD AND GAS INTO THE CPI?
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[Continued at source link]
http://www.veteranstoday.com/2012/02/05/hows-that-change-working-out-for-you/?utm_source=rss&utm_medium=rss&utm_campaign=hows-that-change-working-out-for-you&utm_source=twitterfeed&utm_medium=twitterSunday, February 5th, 2012 | Posted by Ed Mattson
Wall Street is up…the... more
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ITS TIME TO FORECLOSE ON FANNIE MAE AND FREDDIE MAC
Its time to foreclose on the foreclosurers!!!
Occupy Fany.Fredy is calling for direct action to end the unnecessary foreclosures. We the people are calling for a joint effort to occupy Fannie Mae and Freddie Mac to force Congress to foreclose on F&F to facilitate, and economic recovery in our country, if they do not agree to a monthly mortgage principle reduction policy and the use of new mortgage terms.
For more information go to:http://goo.gl/tMfAWor www.foreclosurecrisissolved.wordpress.com/
LEARN HOW FREDDIE MAC HAS BEEN BETTING AGAINST YOU MAKING YOUR MORTGAGE PAYMENT.
http://www.npr.org/2012/01/30/145995636/freddie-mac-betting-against-struggling-homeowners?sc=fb&cc=fp/
There is article, after article written about how Fannie Mae and Freddie Mac, the giant mortgage securitization corporations, are unwilling to reduce principle balances on underwater mortgages they hold, even tho other financial businesses
have been able to reduce foreclosures by using principal reduction to keep families in their homes.
Still have doubts, read the article, posted on my web site "Fannie and Freddie Stand In The Way Of Debt Reduction" is the headline of an article that recently appeared in the New York Times.
Here is a few paragraphs from that article.
LIMITED IMPACT
(Any settlement would not apply to mortgages owned by Fannie Mae or Freddie Mac, which together own or guarantee most of the U.S. mortgage market. The regulator that controls the two government-sponsored enterprises has resisted cutting their loans, arguing it would cost U.S. taxpayers more money than other options would.
But lawmakers and top administration officials have pushed for a broader principal reduction program, and this settlement could lay the groundwork for that if Fannie Mae and Freddie Mac are swayed to test it out themselves as an alternative to the costly process of foreclosing on struggling borrowers.
Earlier on Wednesday, House Democrats sought to force the housing regulator, the Federal Housing Finance Agency, to explain its calculations in deciding not to offer principal reductions.
In addition, the Federal Reserve said in a rare 26-page white paper delivered to Congress this month that lawmakers need to do more to stabilize the housing market. But it stopped short of endorsing any plans to have Fannie and Freddie slash borrowers' loan balances)
Still have doubts, read the article "Fannie and Freddie Stand In The Way Of Debt Reduction" is the headline of an article that recently appeared in the New York Times.
Banks are trying to limit their responsibility for the damage the have done to people lives and our economy, as pointed out in his paragraph from an article Published on Monday, January 23, 2012 by Common Dreams says it all!
Obama's Choice on Housing: A Sweetheart Deal for the 1% or a Fair Deal for the 99%
by Van Jones and George Goehl
Rumor has it that as early as today, after months of negotiation with big banks, the White House may announce a settlement that would let the banks off the hook for their role in the foreclosure crisis -- paying a tiny fraction of what's needed in exchange for blanket immunity from future lawsuits.(Daniel Goodman / Business Insider
Now is the time to demonstrate, petition, convince, and occupy F&F to change their policy of no principal reduction. This is where the occupy groups should focus all their efforts to end the foreclosure and unemployment crisis.
Millions of American families are being kicked to the curb by the banks, and the financial sector. It is our contention that most foreclosures, and home abandonment's are unnecessary, or preventable.
Fannie Mae and Freddie Mac hold the key to improving the primary home market, and the economy, as explained in The "People's Economic Recovery Plan". www.foreclosurecrisissolved.wordpress.com
We should occupy, march, and hold demonstrations at Fany & Fredy headquarters.
We are not alone in this effort. The Federal Reserve, and members of Congress are putting pressure on the GSEs to reduce principal balances, and lower the interest rate on mortgages. Our efforts to bring attention to this inaction by F&F will reinforce our Representatives in Congress that are working to solve the foreclosure and unemployment crisis.
Occupy Fany.Freddie invites all the Occupy, and other concerned groups to join your fellow citizens to convince F&F, for their own benefit, and for your benefit, to change their mortgage terms and adopt a policy of principal reduction.
If we want to help millions of people stay in their homes, and find employment, F&F must purchase the "Ascending Interest Rate Mortgage" (AIRM), from banks and mortgage originators, and adopt the monthly principal reduction plan for underwater mortgages. If F&F will purchase the new mortgage, the banks and mortgage originators will offer the new mortgage terms to homeowners and home buyers. There-by eliminating the foreclosure inventory, and improving the primary home market and the economy.
F&F owe taxpayers over 150 billion dollars. If F&F do not agree to purchase the "AIRM" from the mortgage originators, the tax payers of the United States of America should kick their executives, and Mr.DeMarko, the head of Federal Housing Finance Agency, to the curb, and foreclose on them by petitioning President Obama, and the US Congress.
We the people should then adopt the "Plan" ourselves to facilitate an sustainable economic recovery, to put people back to work in the private sector, and prevent more foreclosures.
The "Plan"outlines three changes that need to occur to empower the people to create their own economic recovery. Changes to the bankruptcy laws, a change to mortgage terms, and a change to the income tax, as outlined in the "Plan".
View and sign our Petitions to "Stop Unnecessary Foreclosures" at: http://www.change.org/petitions/stop-the-unnecessaryforeclosures-and-uneployment-crisis-with-new-mortage-terms/
To view a video about bankruptcy go to: http://www.youtube.com/watch?v=J7YPR_p7DYQ%2F
If you want to increase job opportunity, and reduce foreclosures without increasing the deficit, please become a friend of Occupy Fany.Fredy and "Like" us at: http://www.facebook.com/pages/Occupy-FanyFredy/177079029043062?sk=wall
Not ready to get involved yet? What if it was your home, or your family's home that was being foreclosed? The way the economy is going, you could lose your job tomorrow, and your home could be in foreclosure in a few months. Help others now, to improve the economy, so it doesn't happen to you.
This is important!!Please forward this information to your friends, contacts, the news media, other occupy groups, and concerned organizations. Thank You!ITS TIME TO FORECLOSE ON FANNIE MAE AND FREDDIE MAC
Its time to foreclose on the... more
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"Quantitative easing (QE) is an unconventional monetary policy used by central banks to stimulate the national economy when conventional monetary policy has become ineffective. A central bank buys financial assets to inject a pre-determined quantity of money into the economy"
In other words, the Private Central Federal Reserve Cartel is implementing the same policy from the past few yearsthat has changed nothing. Oh and Obama runs nothing.
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The central bank of the United States believes that America is still a ways from economic recovery, which could soon prompt the Federal Reserve to announce a new round of quantitative easing, or QE3.
Fed Chairman Ben Bernanke addressed the economic status of the US on Wednesday and experts predict that the grim statement he offered suggest that QE3 is just around the corner.
"The framework makes very clear that we need to be thinking about ways to provide further stimulus if we don't get improvement in the pace of recovery and a normalization of inflation,” Chairman Bernanke said at a conference Wednesday. He added that unless the US sees a major economic recovery anytime soon, the Fed would be needed to step up to the plate.
According to the chairman, the purchasing of bonds to boost the economy is “an option that is certainly on the table”
Speaking Wednesday, Bernanke said that the Fed would keep interest rates low until at least 2014 and said that hopes of the American economy finally seeing a recovery were faltering. “If there’s a need to let inflation” return “a little more slowly to target in order to get a better result on employment, then that’s something that we would be willing to do,” Bernanke said."Quantitative easing (QE) is an unconventional monetary policy used by central... more
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confess; I expected to be bored out of my mind listening to President Obama’s campaign - I mean, State of the Union - I mean campaign, speech.
It turned out that my pre-determination proved accurate. I wonder if the members of Congress felt the same sense of same déjà vu that I did, as they were bopping up and down and applauding.
Obama's speech was a compilation of highlights from his past ones. One part optimism, two parts repetition equals one total uninspiring.
1) The cost of healthcare insurance
2) Student Loan Defaults
3) Youth unemployment
4) Big banks
5) Small banks
6) Borrowers
7) Recent regulator incompetence
8) MF Global and customer money
9) Banks hoarding
10) Obama conveyed that we dodged a bullet with getting the banking system under control. He didn’t note the rising risk in the banking system: the largest four US banks (JPM Chase, Citibank, Bank of America and Goldman Sachs) control nearly 95% of the US derivatives market, which has grown by 20% since just last year, to $235 trillion JPM Chase holds 11% of the world’s derivative exposure, Citibank, Bank of America, and Goldman comprise about 7% each. Goldman has 537 times as many (from 440 times last year) derivatives as assets and it’s still considered a bank holding company (as per Bernanke) that gets federal backing.confess; I expected to be bored out of my mind listening to President Obama’s... more
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Florida's Department of Economic Opportunity reports today that the state unemployment rate has fallen again to it's lowest point since before the Recession.Florida's Department of Economic Opportunity reports today that the state... more
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by BAR managing editor Bruce A. Dixon
Next week will mark the third anniversary of Barack Obama's inauguration, and the unveiling of his fourth budget. Already White House spokespeople admit that it will be bad news for black and poor Americans. In three years this president has investigated and prosecuted not a single Wall Street banker or institution, not held up the wave of foreclosures a single week, not addressed the issues of black unemployment or black mass incarceration. But black America has silenced itself to protect the career of the First Black President.
Three years later, it's clear that this is indeed a new day, a new era. But for most of black America, it's not the one they hoped for. Nobody expected urban poverty would begin to vanish overnight, or that millions of acres of lost black farmland would be restored. But promises were made, and expectations were justifiably high, not because Barack Obama had promised to investigate Wall Street, prosecute banksters, or stop the imperial wars and illegal foreclosures, but because humans do have the right to expect justice at home and peace abroad, whether their leaders deliver these things or not.by BAR managing editor Bruce A. Dixon
Next week will mark the third anniversary of... more
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I was watching the Daily Show with John Stewart the other night and he had a guest who mentioned something that sounded kind of shocking: The majority of people receiving food stamps [EBT or CalFresh as they're called now] are White. If you're White and horrified by what you just read don't be. We can be poor without having to be White trash.I was watching the Daily Show with John Stewart the other night and he had a guest who... more
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Don't start the celebration yet. The nation's jobless rate went down, but what kind of jobs helped it decline?Don't start the celebration yet. The nation's jobless rate went down, but... more
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Okay, here are three websites (below) illustrating that the unemployment numbers are being calculated differently than - not just in the past, but during the Bush administration, and the beginning of the Obama adminstration. What the hell does that mean, and who cares?
Why doesn't anybody think this is a big deal? It's obvious that not only are the numbers "being calculated differently" but a MASSIVE fraud is being perpetuated upon the American people - and WE ARE OKAY WITH IT! Yes, lots of capital letters means I'm shouting. Why? I don't like being LIED to!
I really don't like Romney, and I won't vote for him at all. That being said, if Romney or anyone other than Obama becomes President, will they continue this lie? Of course. This is how Progressivism works. You create the structure of a dictatorship one small lie at a time.
Okay, maybe I'm getting ahead of myself (look! there I go). Let's make sure this a fraud, ready?
Here's an exerpt from the wash-post article below, from last month-----
"Since 2007, the percent of the population that either has a job or is actively looking for one has fallen from 62.7 percent to 58.5 percent. That's millions of workers leaving the workforce, and it's not because they've become sick or old or infirm. It's because they can't find a job, and so they've stopped trying. That's where Luce's calculation comes from. If 62.7 percent of the country was still counted as in the workforce, unemployment would be 11 percent. In that sense, the real unemployment rate -- the apples-to-apples unemployment rate -- is probably 11 percent. And the real un- and underemployed rate -- the so-called "U6" -- is near 20 percent."
Um, 20%? They must mean TWENTY PERCENT!!! Yes, we are in a great depression - well, it's not that bad. We are being supported by the government - and in much greater numbers than we realize. We are here ladies and gentlemen, the Nanny State. Some of you may not like this. Why are you so quiet? Are you out playing golf?
http://www.zerohedge.com/news/real-jobless-rate-114-realistic-labor-force-participation-rate
http://www.washingtonpost.com/blogs/ezra-klein/post/wonkbook-the-real-unemployment-rate-is-11-percent/2011/12/12/gIQAuctPpO_blog.html
http://articles.moneycentral.msn.com/learn-how-to-invest/The-real-unemployment-rate.aspxOkay, here are three websites (below) illustrating that the unemployment numbers are... more
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For many Americans, jobs crisis to last many years
Blackwater settles Iraq killings suit
West readies oil stocks release as Iran plans war gamesFor many Americans, jobs crisis to last many years
Blackwater settles Iraq killings... more
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New York -- Just days after turning in his Republican membership card and secret decoder ring, real estate developer Donald Trump has launched his own personal political party.
“It’s called the Trumpets, because I’m a guy who likes to toot his own horn,” Trump told a crowd of reporters at a hastily arranged press briefing. “Plus, Trumpets is a play on my name. So it shows how clever I am and that I have a sense of humor -- a man of the people. I think the voters will like that.”
Only weeks ago, Trump offered to host a debate featuring all of the Republican presidential hopefuls. But most declined his invitation, citing dentist appointments, IRS audits and “a good chance of rain” on the scheduled date.
Trump was further stung by Republican Party leaders and analysts who described his planned event as a circus or a sideshow.
“I thought my choice of Gary Busey as moderator was a good one,” he said. “But they didn’t want a host who was smarter than their candidates.
“The Republicans wouldn’t let me play in their game, so now I’m starting my own,” the Donald declared.
Trump stopped just short of announcing his third-party candidacy, however. “I’m not saying I’m running, people,” he said. “But If I were a presidential candidate, you’d see a campaign that achieves the highest ratings in the history of politics.”
Trump explained that he would hire the staff of his reality TV show, The Apprentice, to run his campaign. “As far as I’m concerned I’m already the boss and everyone else is my apprentice. So I would go to China and tell them: ‘You’re fired. From now on Americans are making the iPhones.’
“And I would go to Europe and tell that ugly German broad to start bailing or else you’re outta here.”
Asked to outline his domestic policy, Trump says he favors what he calls The Universal Plan. “It addresses all the issues: the deficit, immigration, unemployment, with one simple law,” Trump said. “Anyone who is not making at least $40,000 a year will be fired. We want to reserve America for paying customers.”New York -- Just days after turning in his Republican membership card and secret... more
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Earlier this week, it looked like Congress would go home for the holidays without preventing a tax increase that would mean millions of American families would have about $40 less in each paycheck.But then something pretty incredible happened.It began when we asked everyone to show us how that missing $40 would affect them and their familiesEarlier this week, it looked like Congress would go home for the holidays without... more
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By Eric W. Dolan
Tuesday, December 20, 2011
Rep. Jan Schakowsky (D-IL) blasted House Republicans on Tuesday as they planned to kill the Senate compromise bill to extend the payroll tax cut and unemployment insurance.
If the payroll tax cut and employment insurance is not extended, 160 million Americans will see their taxes go up by $1000 in 2012 and 2.5 million jobless workers will lose unemployment benefits.
“Don’t blame Congress for not working together,” she said on the House floor. “Blame the House Republicans — who can’t even work with each other.”
“The one and only reason this House of Representatives is not voting for the bi-partisan Senate bill to provide relief to middle class taxpayers, seniors and disabled on Medicare and jobless Americans is because it would pass That’s right. The Republican scam was to bring up the bill, supported by 90% of the Senate, and kill it.”
“On the way to this slaughter, a funny thing happened,” Schakowsky continued. “Sensible Republicans basically said, ‘You want me to vote to abandon millions of struggling middle class Americans without the help they need this holiday season? No way!’”
Republican House Speaker John Boehner said Monday that his members agreed the payroll tax cut should be extended for a full year. Democrats had originally pushed for a one-year extension and a surtax on millionaires, but agreed to compromise on a short-term extension.
The House voted 229 to 193 along partisan lines to reject the compromise bill on Tuesday. The Senate is currently in recess and is not scheduled to return until January 23.
“The sanctimonious rhetoric you hear today from the Republicans is nothing but talk, baby-talk,” Schakowsky said. “If they don’t get their way exactly, they won’t play.”
“And so, Happy Chanukah to middle class Americans lighting the first candle tonight who won’t get their $1000 tax break. Happy New Year to our seniors and persons with disabilities who may lose their doctors.”
“Merry Christmas to the jobless Americans, desperate for work, looking for work, who barely survive on unemployment checks. The House Republicans are the Grinches who stole your Christmas.”
http://www.rawstory.com/rs/2011/12/20/rep-jan-schakowsky-house-republicans-stole-your-christmas/
Watch video, uploaded to YouTube on December 20, below:
"I wonder if their Guilt is the reason they Hate Christmas???"By Eric W. Dolan
Tuesday, December 20, 2011
Rep. Jan Schakowsky (D-IL) blasted... more
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By Andrew Jones
Tuesday, December 20, 2011
Despite inheriting a recession, two wars and a myriad of other problems, New Jersey Governor Chris Christie (R) doesn’t think President Barack Obama’s job is harder than his.
Appearing on MSNBC’s Morning Joe Tuesday morning, Christie continued his support for Mitt Romney in the GOP presidential race. But he decided to spend more time criticizing Obama, especially over his Teddy Roosevelt speech a few weeks ago.
“I’ve had to face much tougher things in New Jersey from a political perspective than he has,” he said. “I have a state that’s overwhelming Democratic, I have a legislator that’s overwhelming Democratic. Yet we accomplished the things I mentioned before, plus balancing two budgets without raising taxes.”
Despite Christie’s self-appraising, the unemployment rate in New Jersey under him is at 9.4%, higher than the national average and 15th highest overall nationwide.
Critics allege that a key factor in aggravating the state’s jobless rate is Christie’s refusal to take up several jobs measures proposed by New Jersey Democrats. He’s instead choosen to reduce revenues through tax cuts, roll back public health and safety regulations and fire public workers
http://www.rawstory.com/rs/2011/12/20/christie-my-job-is-tougher-than-obamas/.
WATCH: Video from MSNBC, which was broadcast on December 20, 2011.
He’s instead choosen to reduce revenues through tax cuts, roll back public health and safety regulations and fire public workers
"Sheeesh, what a Guy, he's got my Vote!!! NOT!!!"By Andrew Jones
Tuesday, December 20, 2011
Despite inheriting a recession, two... more
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One of the giants of industry slashes their entire field force in the home improvement channel, despite grotesque profitsOne of the giants of industry slashes their entire field force in the home improvement... more
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