You need to research how they made a lot of their profits. Not what you think.
It will be retained longer if you find out how they did it.If you did the research, why don't you just post your findings instead of telling others that they need to do it?
Here is an article about some of the profits that I'm talking about.
Secret Fed Loans Gave Banks $13 Billion Undisclosed to Congress - Bloomberg
I don't know if there is more stuff like this going on, but if there was a audit of the Federal Bank we could know for sure. Right?
Whoever took that ridiculous statement literally needs a sarcasm check.Whoever said W flew to TX more times than O has played HOLES of golf needs a reality check
The high spending levels during President Obama's term in office can not be characterized as "out of control". Congress controls the appropriation of funds. There is a reason our system is set up like that.
It would be correct to say that Government spending during the Obama administration has been extremely high but, it would not be correct to blame the President for that total amount.
"The truth is that the nearly 18 percent spike in spending in fiscal 2009 — for which the president is sometimes blamed entirely — was mostly due to appropriations and policies that were already in place when Obama took office.
That includes spending for the bank bailout legislation approved by President Bush. Annual increases in amounts actually spent since fiscal 2009 have been relatively modest. In fact, spending for the first seven months of the current fiscal year is running slightly below the same period last year, and below projections."
FactCheck.org : Obama’s Spending: ‘Inferno’ or Not?
Obama worked with Pelosi's Democrat Congress to pass an additional, $410 billion, supplemental spending bill for fiscal year 2009! As Ann Coulter, far sharper than Nutting and relying on far better economists, explains, "Obama didn't come in and live with the budget Bush had approved. He immediately signed off on enormous spending programs that had been specifically rejected by Bush. This included a $410 billion spending bill that Bush refused to sign before he left office. Obama signed it on March 10, 2009." But in the fairy tale by Nutting, who appears to have been a lot more than one toke over the line when authoring his story, that spending is attributed to the evil and notorious President Bush.Next in 2009 came a $40 billion expansion in the SCHIP entitlement program, as if we didn't already have way more than too much entitlement spending. But that was just a warm-up to the biggest single spending bill in world history, Obamacare, enacted in March, 2010. That legislation, not yet even counted in Obama's spending record so far because it mostly does not go into effect until 2014, is now scored by CBO as increasing federal spending by $1.6 trillion in the first 10 years alone, with trillions more to come in future years. Indeed, as explained in detail in my 2011 book, America's Ticking Bankruptcy Bomb, that is surely still a gross underestimate.
After just one year of the Obama spending binge, federal spending had already rocketed to 25.2 percent of GDP, the highest in American history except for World War II. That compares to 20.8 percent in 2008, and an average of 19.6 percent during Bush's two terms. The average during President Clinton's two terms was 19.8 percent, and during the 60-plus years from World War II until 2008 -- 19.7 percent. Obama's own budget released in February projects the average during the entire four years of the Obama Administration to come in at 24.4 percent in just a few months. That is an enormous, postwar record, undeniable spending binge. These are facts, not opinions over which reasonable people can differ.
The American Spectator : Plenty of Nutting
Once again FactCheck.org is making up their own facts related to an article by James Nutting for the WSJ website MarketWatch. An article in the American Spectator does a good job of explaning how Nutting's fantasy just doesn't square with reality.(bold emphasis mine)
Our own analysis leads us to conclude that Obama deserves responsibility for somewhat more fiscal 2009 spending than Nutting or Mitchell assign to him, as we’ve noted. Spending in that year shot up an incredible $535 billion. Nutting and Mitchell hold Obama responsible for only 26 percent of that increase, but we conclude that Obama can fairly be assigned responsibility for as much as 38 percent.
We also disagree with Nutting’s conclusion that Obama’s increases are the lowest since Eisenhower. Not only should Nutting have measured Obama’s increases from a lower base, in our judgment, he also fails to take account of inflation, which has been extraordinarily low during Obama’s term.
Not unless you research it yourself, going to the Congressional records might be the place to start.H2D said:Those who stick to conservative sites will believe them, those that stick to liberal sites will believe those and those that review unbiased, liberal and conservative sites might have a chance of getting to the truth.
Or probably not.Or maybe not.
Facts are facts regardless of the messenger. Spending and debt has risen under Obama to unprecedented levels not seen since WW2 in spite of the fact that the Iraq war is over and the one time expenditure for TARP has come and gone. The Democrats had filibuster-proof control of Congress for the first two years of Obama's administration and they did NOTHING to curb spending - instead they increased it. This "blame it on Bush" nonsense just doesn't hold water, especially considering that the Democrats controlled the House for Bush's last two years. And of course FactCheck.org bills itself as nonpartisan - in spite of the fact that it's a division of the Annenberg Foundation at the Univ. of PA which is liberal as the day is long.The article that I referenced sited 49 references of which only 1 was from nutting. The article is not related to Nutting, in fact it rejects his conclusions:
You are quoting an opinion from American Spectator which is an obviously conservative source with a conservative spin.
I quoted factcheck.org which bills itself as non-partisan.
It would be reasonable to expect that any thing that American Spectator would opine on would be different from the facts presented on factcheck.
This in no way indicates that factcheck is "making up" facts as the same could be said about American Spectator.
Fox News bills itself as Fair and Balanced. Well, OK then.I quoted factcheck.org which bills itself as non-partisan.
That's an interesting observation, and one that merits setting the stage of a real eye-opener (for many people) by bring up an interesting book on the very subject. I know that citing book titles and what they're about is about as snore-boring as a lengthy post of mathematical equations on wind resistance, but bear with me. It comes together pretty well, if I do saysomyself.This is the state of this election and how the Internet has contributed to confusing the issues.
The trick is figuring out which is unbiased, which is liberal, and which is conservative, because 'what is shown is not necessarily what is seen, and what is said is not always what is heard'.Those who stick to conservative sites will believe them, those that stick to liberal sites will believe those and those that review unbiased, liberal and conservative sites might have a chance of getting to the truth.
Or maybe not.
Judicial Watch is investigating yet another Obama personal vacation, trying to get a sense of costs passed on to American taxpayers. This time, our investigation focuses on the security costs associated with First Daughter Malia Obama’s trip to Mexico during Spring Break 2012.
JW Sues for Cost of Obama Daughter's Spring Break Trip