What happened to all of the doom and gloom economic threads?

[cebalrai]

No?

"The estimate includes a projected net cost of $518 billion over 10 years for the proposed expansions in insurance coverage."

So that's an expense. That sounds bad. In fact,

'On a preliminary basis, CBO and JCT estimate that the proposal’s specifications affecting health insurance coverage would result in a net
increase in federal deficits of $518 billion over fiscal years 2010 through 2019."

518 billion over ten years isn't very much money, not to mention it's at least partially offset. That's about the same amount of money that's being spent on the stimulus (sans it's tax cuts), even before any offsetting of the cost.

And what are we getting for that? Solving the healthcare coverage problem? We get to join the rest of the first-world nations who already have good healthcare access? Sounds like a good deal to me.

 

[pete]

that's just one part of the bill

the other part is the cost to us as consumers, once the health indusrty swallows this ugly pill and then jacks up rates :-(

 

[cebalrai]

that's just one part of the bill

the other part is the cost to us as consumers, once the health indusrty swallows this ugly pill and then jacks up rates :-(

Dude, the health industry is already jacking up rates.

 

[pete]

wouldn't you, if you knew an egotistical army of professional politicians were writing laws to tell you how to run your business?

 

[cebalrai]

wouldn't you, if you knew an egotistical army of professional politicians were writing laws to tell you how to run your business?

eh?



56564

 

[pete]

hi
welcome to earth.
people here try to run businesses that make money.

go, my friend. go back to your planet and remember what you saw here.

 

[cebalrai]

hi
welcome to earth.
people here try to run businesses that make money.

go, my friend. go back to your planet and remember what you saw here.

eh?

Point?

 

[JohnnySavage]

Two U.S. senators vowed on Tuesday to push for action on a bill aimed at pressuring China to strengthen its currency on the eve of a senior Chinese official's visit to Washington to smooth differences.


http://www.cnbc.com/id/36009781


Bout time!

 

[Frisco_Slug_Esq]

Not many people noticed amid the Democrats’ struggle to jam their health-care bill through the House, but in recent weeks U.S. Treasury bonds have lost their status as the world’s safest investment.

The numbers are pretty clear. In February, Bloomberg News reports, Berkshire Hathaway sold two-year bonds with an interest rate lower than that on two-year Treasuries. A company run by a 79-year-old investor is a better credit risk, the markets are telling us, than the U.S. government.

http://article.nationalreview.com/429256/bond-rates-and-obamacare-/michael-barone

PS (PAY ATTENTION cebalrai) The local news is announcing round after round of state and local government employees...

New housing starts are down, that means in 6 months, the traditional lag-time for big-ticket items will hit.

 

[Frisco_Slug_Esq]

Two U.S. senators vowed on Tuesday to push for action on a bill aimed at pressuring China to strengthen its currency on the eve of a senior Chinese official's visit to Washington to smooth differences.


http://www.cnbc.com/id/36009781


Bout time!

Too little, too late.

We have nothing to threaten them with...

 

[Beco]

U.S. Growth in 4th Quarter Revised Slightly LowerBy THE ASSOCIATED PRESS
Published: March 26, 2010
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WASHINGTON (AP) — The burst of energy the economy showed at the end of last year is not likely to be repeated anytime soon.

The Commerce Department said the economy grew at a 5.6 percent annual pace in the fourth quarter of 2009 in its third and final estimate of economic activity for the period.

Even though growth turned out to be a slightly less than the government’s previous two estimates for the quarter — 5.9 percent was the most recent estimate — the new reading still marked the strongest showing in six years. Economists had expected the latest estimate to be unchanged.

Many economists, however, think the economy has slowed in the current quarter to about half the pace seen at the end of last year. They do not expect the growth spurt to be repeated because the main force behind it is already ebbing.

 

[unregistered]

 

[cebalrai]

Too little, too late.

We have nothing to threaten them with...

We can totally threaten to purchase 10% fewer cadmium-laced baby toys from them...

 

[cebalrai]

http://article.nationalreview.com/429256/bond-rates-and-obamacare-/michael-barone

PS (PAY ATTENTION cebalrai) The local news is announcing round after round of state and local government employees...

People who have over an 80 IQ don't pay attention to partisan blog sites.

You waste my bandwidth.

 

[unregistered]

 

[Ham Murabi]

Dude, the health industry is already jacking up rates.

A little research will reveal the states with the most insurance coverage mandates also have the highest insurance rates. Check out mandates in California and the mystery behind why their rates were rising disappears.
Florida allows insurance companies to sell no-frills insurance. It is inexpensive.

Besides, insurance and health care are two different things. Talk to a nurse at a rehab center/nursing home about some of the people shuffled through there who don't pay a dime.

 

[unregistered]

 

[cebalrai]

Lit's right wing trembles, as the economy puts on 162,000 jobs in a single month. And the census was less of a factor than expected.


"True, some estimates had the gains twice what actually occurred, but this is one case where the details are better than the headline," Naroff said in a note to clients. "The federal government didn't hire nearly as many Census workers as thought. It was the private sector that stepped up to the plate."


Still fledgling recoveyr numbers here and not all the news is postive yet. Banks still aren't lending like they should in a recovery. But that's a lot of jobs for just one month, even if you don't count the temp census jobs.

Source: abcnews.com

 

[garbage can]

Lit's right wing trembles, as the economy puts on 162,000 jobs in a single month. And the census was less of a factor than expected.

16000 jobs for the IRS

1 million temp census workers....to be hired.

I'll bet 100,000 of the 162,000 are federal and state hires.

 

[Beco]

Lit's right wing trembles, as the economy puts on 162,000 jobs in a single month. And the census was less of a factor than expected.


"True, some estimates had the gains twice what actually occurred, but this is one case where the details are better than the headline," Naroff said in a note to clients. "The federal government didn't hire nearly as many Census workers as thought. It was the private sector that stepped up to the plate."


Still fledgling recoveyr numbers here and not all the news is postive yet. Banks still aren't lending like they should in a recovery. But that's a lot of jobs for just one month, even if you don't count the temp census jobs.

Source: abcnews.com

http://www.gallup.com/poll/127091/Underemployment-Rises-March.aspx

 

[Ulaven_Demorte]

16000 jobs for the IRS

1 million temp census workers....to be hired.

I'll bet 100,000 of the 162,000 are federal and state hires.

Not surprisingly, you're wrong as usual.

The figures include the government’s hiring of 48,000 temporary workers for the Census. Private employers added 123,000 jobs, the most since May 2007.
But don't take my word for it, read the actual report from the Department of Labor.

I know, it's long, and bad news for you. So you probably won't..

http://www.bls.gov/news.release/empsit.nr0.htm

 

[cebalrai]

16000 jobs for the IRS

1 million temp census workers....to be hired.

I'll bet 100,000 of the 162,000 are federal and state hires.

The article includes in its evaluation the temporary census hires. It also makes it clear that the private sector is leading the way. Way to not read it and focus on being the parrot Fox News wants you to be.


And enough about the 16k IRS jobs. You were LIED to. The IRS atory didn't even make it into news outlets - not even Fox News. It was pure fringe blog material. You're a sucker, and you will always be a sucker until you decide to think for yourself.

http://www.factcheck.org/2010/03/irs-expansion/

 

[IrezumiKiss]

Not surprisingly, you're wrong as usual.

The figures include the government’s hiring of 48,000 temporary workers for the Census. Private employers added 123,000 jobs, the most since May 2007.
But don't take my word for it, read the actual report from the Department of Labor.

I know, it's long, and bad news for you. So you probably won't..

http://www.bls.gov/news.release/empsit.nr0.htm

http://freshnerd.com/wp-content/uploads/2008/08/bitch-slap_1130536521.jpg

The article includes in its evaluation the temporary census hires. It also makes it clear that the private sector is leading the way. Way to not read it and focus on being the parrot Fox News wants you to be.


And enough about the 16k IRS jobs. You were LIED to. The IRS atory didn't even make it into news outlets - not even Fox News. It was pure fringe blog material. You're a sucker, and you will always be a sucker until you decide to think for yourself.

http://www.factcheck.org/2010/03/irs-expansion/

http://images.paraorkut.com/img/funnypics/images/b/bitch_slap-13115.gif

 

[firespin]

Private employers added 123,000 jobs, the most since May 2007.

That almost 0.1% of the labor force! Awesome!

Compared to the jobs lost just in the first seven months of the Obama regime. (Reich?) (Reign of error?)

Feb 2009: -651,000
Mar 2009: -663,000
Apr 2009: -539,000
May 2009: -345,000
Jun 2009: -467,000
Jul 2009: -247,000
Aug 2009: -216,000

Yep, we've really turned the corner! Time for some more burdens for employers, they're ready for them now.

 

[Ulaven_Demorte]

That almost 0.1% of the labor force! Awesome!

Compared to the jobs lost just in the first seven months of the Obama regime. (Reich?) (Reign of error?)

Feb 2009: -651,000
Mar 2009: -663,000
Apr 2009: -539,000
May 2009: -345,000
Jun 2009: -467,000
Jul 2009: -247,000
Aug 2009: -216,000

Yep, we've really turned the corner! Time for some more burdens for employers, they're ready for them now.

We know, the damage done to the economy before President Obama took office was extensive and took a long time to begin to reverse. You didn't bother to mention that it began before he was elected, let alone took office.. Typical. You did notice the gradual tapering of job losses though right? The only people who expected an instant recovery were the partisan morons who helped to drive the economy off a cliff in the first place.

Thanks for pointing it out though.