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I never said it didn't but was left for Obama to spend like qe2
All GM money was made over seas a lot in China
When you fuck over your bond holders and walk away from your debt your saying that's good?
Government said that if they sale the stock the taxpayers going to take a haircut
Nothing to do with bush he well head the fed next very smart bright person
Vette profoundly misunderstands how stock works.
Read more: http://www.foxnews.com/politics/201...era-tax-cuts-allowed-to-expire/#ixzz1vgw1p4WBA new government study released Tuesday says that allowing Bush-era tax cuts to expire and a scheduled round of automatic spending cuts to take effect would probably throw the economy into a recession.
The Congressional Budget Office report says that the economy would shrink by 1.3 percent in the first half of next year if the government is allowed to fall off this so-called "fiscal cliff" on Jan. 1 -- and that the higher tax rates and more than $100 billion in automatic cuts to the Pentagon and domestic agencies are kept in place.
When Barack Obama two years ago joked at the White House Correspondents’ Dinner that potential suitors of his two daughters might have to deal with Predator drones (“But boys, don’t get any ideas. Two words for you: Predator drones. You will never see it coming.”), the liberal crowd roared. That failed macabre joke would have earned George W. Bush a week of headline condemnation from the New York Times and the Washington Post.
Obama, in fact, has increased those judge/jury/executioner targeted assassinations tenfold during his tenure. But apparently, the combination of Obama’s postracial “cool” and the video-game nature of such airborne death — no CNN clips of charred torsos and smoldering legs, no prisoners with their ACLU lawyers in Guantanamo, no Seymour Hersh exposé on a Waziristan granny who was vaporized for being too near her terrorist-suspect grandson, no American losses for Code Pink and Moveon.org to demonstrate against — earned general exemption for that new liberal way of war. What bothered us about the Predator strikes in 2006–2008 was not the kills per se but the uncool nature of twangy Texan George Bush, who ordered them.
Last week 28-year-old, $17 billion–rich, jeans-clad Mark Zuckerberg took Wall Street for a multibillion-dollar ride, making his original buddies instant billionaires and his loyal larger circle millionaires. Note that there is no Occupy Wall Street protest at Facebook headquarters. Just as there are none at Oprah’s house or the residence of Leonardo DiCaprio, despite their take each year of between $50 and $100 million.
No one has suggested that Hollywood lower movie-ticket prices by asking Johnny Depp or Jennifer Lopez to walk away with $10 or $20 million less a year. Steve Jobs found ways to dodge taxes comparable to those deployed by any Wall Street fatcat, but he was iPad cool, and so his iPhone billions were exempt from the Occupy nonsense. Cool capitalists are immune from the neo-Marxist critique of capitalism — a racket that $40 billion–rich Warren Buffett learned late in life, but well enough, with the “Buffett Rule.”
We simply don’t mind that Google and Amazon rake in billions, but we despise Exxon and Archer Daniels Midland for doing the same. It is not that we need social networking and Internet searches more than food and fuel, but rather that we have the impression that cool zillionaires in flipflops are good while uncool ones in wingtips are quite bad....
I am sure that the tax lawyers who help Richard Branson and Mick Jagger are no less skilled at shorting the Treasury than those who work for Rush Limbaugh, but the profits of the former are okay while the latter’s are obscene. Limbaugh is a misogynist for using the word “slut” and apologizing for it; Bill Maher is a feminist for using slurs we cannot print and for which he did not apologize. One is uncool, the other very cool — as was a cynical and sarcastic David Letterman, who implied that the 14-year-old daughter of Sarah Palin had snuck into the Yankees’ dugout for quick sex with Alex Rodriquez.
The power of cool is evident also in politics. State quite correctly that you can see Russia from parts of Alaska, and you are ditzy white-trash Sarah from Wasilla; state falsely that Franklin Roosevelt addressed the nation on television in 1929, and you are just “good ol’ Joe Biden.”
John Kerry’s second married-into fortune probably dwarfs the one that Mitt Romney made himself, perhaps by a factor of ten. While we heard in 2012 that Romney wanted a car elevator in one of his many houses, we never heard much in 2004 of presidential candidate Kerry’s various mansions, boats, or assorted playthings, or how he proved to be a keen investor as a senator helping to set U.S. financial policy.
VDHIt would seem that the disconnect is liberal politics, the coin by which one buys a sort of medieval indulgence from liberal gatekeepers in the media, academia, the arts, and the foundations that permits one to continue the pursuit and enjoyment of lucre and to indulge the baser appetites without harassment — in the manner that the medieval moneylender or sexual zealot still got to heaven by buying marble for the cash-strapped cathedral. That $20 billion–rich George Soros was a money speculator who almost destroyed the small depositors of the Bank of England and was convicted in France of insider trading matters not at all: Without his roulette-wheel billions we would not have Media Matters. Jon Corzine of MF Global cannot explain what he did with $1.2 billion of other people’s money. But there will never be a “Corzine Law.”
Who cares what George Clooney makes an hour, or how exactly his close friends can afford to pony up for a $40,000-a-plate dinner — when the takings will help Barack Obama feed the children? If Halliburton were wise, it would buy the shut-down Solyndra plant, make solar panels at a loss, and write the cost off as a lobbying and public-relations expense.
So cool is not obtained just through liberal politics. Images and intent are critical too. The stuffy tea-party crowd looks like the plain suburban guys and gals who sell us houses, cars, and insurance. And so, of course, they must be racist, even though their demonstrations give no proof of any such fetish. Their only oddity would seem to be a certain desire to ensure that they leave no litter in their wake for poorer custodians to clean up.
But Occupy Wall Street? That movement has produced thugs, thieves, rapists, would-be bombers, rioters, and street urchins who pollute their surroundings and cause mayhem. They act pre-modern but earn no scorn because they are cool – they sport a sort of elite grunge that suggests that the environmental-studies major at Brown empathizes with those poor for whom grime is not makeup.
The defense industry will have huge layoffs as a result of the initial cuts. Hewlitt Packard alone has already announced plans to lay off 30,000:
http://www.nytimes.com/2012/05/18/technology/hewlett-packard-plans-job-cutbacks.html
I KNOW!!!
Let's talk Ann's DRESSAGE!
Hey just think, the lapdogs will have something new to cover up, an accelerating unemployment rate.
Well hey, we have to talk about something since Romney declared his single private-sector job experience at Bain to be "off limits".![]()
...and Communist minders in classrooms who see that Leader For Life isn't besmirched by the truth.
Hell, even Obama took it off the table when it turned up that what he was accusing Romney of was actually done by one of his crony advisor/bundlers.
I think it was explained to him by his other big venture capitalist buddy Tony James over at Blackstone while they were at the big fundraiser, but someone thinks he's too big to fail and is immune to the criticism that he dishes out because he's "cool" and doesn't do Dressage; he'd rather eat the ponies...
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He really should learn to speak Austrian if he cared one whit about the economy and us, but what the hell, let them eat cake, a crises is a precious thing not to be wasted.
We're ALL Cherokee people now!
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"The more consistently Austrian an economist is, the better a writer he will be."
Murray N. Rothbard