Showing posts with label economic downturn. Show all posts
Showing posts with label economic downturn. Show all posts

Thursday, February 5, 2009

Dumbass Pelosi says there are over 500 million Americans



I didn't know that there are over 500 million Americans, did you? Last I checked, the population was somewhere in the 300 million range. So let me get this straight....for every month that congress dickers around with this so called stimulus bill, 500 million more Americans will lose their jobs. That's 500 million people losing their job per month...is that correct? How in the fuck can 500 million Americans lose their jobs every month if there aren't even 500 million people in this country? I wish this Piglosi cunt would lose her job. It just might be the stimulus that congress needs.

Friday, December 19, 2008

To Bail or Not To Bail

To Bail or Not To Bail? That is the question.


I've been on the fence about bailing out the "Big Three." On one hand, I feel that if a company doesn't know how to run a business effectively, then they don't deserve to have that business, and that they should fail. But on the other hand, I think about all of their employees. What will happen to them? And what this will mean to our country's economy overall if they do fail. I'd hate to see our country inching closer to a depression because of companies that don't know how to take care of business. And equally scary, is the closer to socialism this country is getting.

So, do we bail out the big three, and possibly save a lot of jobs and avert a depression, or do we let them fail and hope for the best? I don't know. Its a terrible predicament. What do you think?

With all of these bail outs, the financial industry, the automotive industry, individual states requesting money, etc. I wonder, who is going to bail this country out? This country is in a mess of its own. Can we afford to bail everyone out? Eventually, we are going to be the ones who will need bailing out. Who will bail us out when the time comes?


Schwarzenegger Vows To Veto Democrats' Budget Plan

SACRAMENTO (AP) --Democratic lawmakers on Thursday pushed through an $18 billion package of cuts and tax increases to reduce California's burgeoning budget deficit, but Gov. Arnold Schwarzenegger said it didn't go far enough and immediately said he would not sign it.

He said lawmakers sent him a "terrible budget" that didn't make deep enough cuts or include the kind of economic stimulus he wanted to boost California's ailing economy.

"This proposal that they've sent and this package that they are sending down does really only do one thing, and this is punish the people of California," he said at a news conference shortly after the vote.

Democrats and Republicans have been unable to compromise on a way to address a deficit that is expected to hit $42 billion in the next 18 months. Schwarzenegger first called them into a special session to tackle the problem on Nov. 5.

In a sign that the impasse was taking a toll, a state panel on Wednesday voted to stop lending money for an estimated 2,000 infrastructure projects statewide through June, an unprecedented move that the board said was necessary because California can no longer afford the work.

California has not been able to borrow money for months and faces a cash shortage in February.

The package passed Thursday would have generated another $9.3 billion in general fund revenue by replacing gasoline taxes with a variety of fees.

It would have raised the taxes Californians pay on gas by about 13 cents, replacing an 18-cent-a-gallon excise tax and a fluctuating sales tax with a 39-cent-per-gallon fee; raised the state sales tax by ¾ of a cent; tax oil produced in California; boosted personal income taxes by a 2.5 percent; and collected taxes from independent contractors upfront.

The shortfall for the fiscal year that ends in June is nearly $14 billion, about 10 percent of the state's $144.5 billion budget. But that hole is expected to grow in the next fiscal year unless lawmakers cut spending, raise revenue or do a combination of the two.

CBS5
What? Are these Californian Democrats nuts? They want to raise taxes in this faltering economy? The state has the highest taxes in the country and apparently that is not enough to keep a balanced budget!?! What is this bullshit? Cut the fucking spending! You're the largest state in the country. Get your act together. You have an 18 billion dollar deficit. Then cut 18 billion dollars worth of spending! Its that simple.

What are they spending all this money on?

Raising taxes in this faltering economy will NOT fix California's problems, it will only make them worse. The only logical solution is to drastically cut spending.

Monday, December 15, 2008

Some Mexicans leaving US, planning never to return

After going months without a full-time job, Daniel Ramirez has decided it's time to return to family in Mexico.

Vicenta Rodriguez Lopez says she can't afford to live in Colorado any more because her husband was deported.

Roberto Espinoza is going back, too. After 18 years as a mechanic for a General Motors dealership in Denver, his work permit wasn't renewed and he didn't want to remain in the country illegally

Yahoo.

I guess this economic downturn does have some positives. Its working some things out. Like lower gas prices and making the illegals leave the country. Less illegals mean more jobs for American citizens. Lower gas prices help out those who are hurting in these rough economic times.

Maybe things won't be so bad after all. Or am I naive for thinking so?