Good Job America: You created a 100,000 new jobs!

[Kex]

And when he got away, there it comes real deficit spending...

Too bad fuck ups like you do not know that FY2009 is Bush's budget.

Too bad fuck ups like you didn't know most of Bush's Budget never made it through congress.

Bush was complaining about it a couple months before the November election.

Most of the government went unfunded because Harry Reid held everything up.

What the fuck are you talking about? The budget was passed, with no problems as I recall. I know making shit up for GOP is ok, but do not make it so obvious.

 

[Kex]

Uh...many of the banks Have repaid their TARP funds...with interest. It's all spelled out in the legislation. The law saws the repayments are to be used to pay down the deficit - Obama has diverted them for more pork.

Now back up your point. I know that banks were repaying the socialist funds, however I want to see statistics as "Many".

 

[boedicca]

Don't you read the news?

JPMorgan Chase and nine other big banks said Wednesday that they had repaid the federal assistance money that they received in the fall during the height of the financial crisis.

JPMorgan said it had returned $25 billion, with interest, to the government — money that the bank’s chief executive, Jamie Dimon, has said it never needed in the first place.

Morgan Stanley and Goldman Sachs said in separate announcements that they had each repaid their $10 billion in federal aid, joining a parade of financial institutions making their exit from the government rescue program.

By late Wednesday afternoon, all 10 banks allowed to exit the government’s Troubled Asset Relief Program had said they had repaid the TARP money. Among them, American Express returned $3.39 billion, Bank of New York Mellon $3 billion, Capital One Financial $3.57 billion, State Street $2 billion and Northern Trust $1.58 billion.

Earlier in the day, BB&T and U.S. Bancorp said they had repaid $3.1 billion and $6.6 billion, respectively, in government bailout money.

These 10 banks were informed by regulators last week that they were considered financially stable enough to return the government’s money.

JPMorgan and 9 Other Banks Repay TARP Money - DealBook Blog - NYTimes.com

Today, the U.S. Department of the Treasury received repayments on its Troubled Asset Relief Program (TARP) investments in Wells Fargo and Citigroup in the sum of $45 billion, bringing the total amount of repaid TARP funds to $164 billion. Wells Fargo repaid $25 billion under the Capital Purchase Program (CPP) and Citigroup repaid $20 billion under the Targeted Investment Program (TIP), both of which will wind down at the end of this year. Treasury now estimates that total bank repayments should exceed $175 billion by the end of 2010, cutting total taxpayer exposure to the banks by three-quarters.

In addition, effective today, Treasury, the Federal Reserve, the Federal Deposit Insurance Corporation and Citigroup terminated the agreement under which the U.S. government agreed to share losses on a pool of originally $300 billion of Citigroup assets. This arrangement was entered into in January of this year under Treasury’s Asset Guarantee Program (AGP) and was originally expected to last for 10 years. The U.S. government parties did not pay any losses under the agreement and will keep $5.2 billion of $7 billion in trust preferred securities as well as warrants for common shares that were issued by Citigroup as consideration for such guarantee. With this termination, the AGP is being terminated at a profit to the taxpayer.

Treasury currently estimates that TARP programs aimed at stabilizing the banking system will earn a profit thanks to dividends, interest, early repayments, and the sale of warrants. Total bank investments of $245 billion in FY2009 that were initially projected to cost $76 billion are now projected to bring a profit. Taxpayers have already received over $16 billion in profits from all TARP programs and that profit could be considerably higher as Treasury sells additional warrants in the weeks ahead. (emphasis added)

TARP Repayments Reach $164 Billion

 

[NYcarbineer]

Blue is when they got Bush out of the way.

And when he got away, there it comes real deficit spending...

Too bad fuck ups like you do not know that FY2009 is Bush's budget.

And that the wars are now on-budget.

 

[boedicca]

The Defense spending increase (on budget) was only about $60B 2010 over 2009. The 2009 over 2008 increase was less than $30B.

So try again.

 

[Kex]

Don't you read the news?

JPMorgan Chase and nine other big banks said Wednesday that they had repaid the federal assistance money that they received in the fall during the height of the financial crisis.

JPMorgan said it had returned $25 billion, with interest, to the government — money that the bank’s chief executive, Jamie Dimon, has said it never needed in the first place.

Morgan Stanley and Goldman Sachs said in separate announcements that they had each repaid their $10 billion in federal aid, joining a parade of financial institutions making their exit from the government rescue program.

By late Wednesday afternoon, all 10 banks allowed to exit the government’s Troubled Asset Relief Program had said they had repaid the TARP money. Among them, American Express returned $3.39 billion, Bank of New York Mellon $3 billion, Capital One Financial $3.57 billion, State Street $2 billion and Northern Trust $1.58 billion.

Earlier in the day, BB&T and U.S. Bancorp said they had repaid $3.1 billion and $6.6 billion, respectively, in government bailout money.

These 10 banks were informed by regulators last week that they were considered financially stable enough to return the government’s money.

JPMorgan and 9 Other Banks Repay TARP Money - DealBook Blog - NYTimes.com

Today, the U.S. Department of the Treasury received repayments on its Troubled Asset Relief Program (TARP) investments in Wells Fargo and Citigroup in the sum of $45 billion, bringing the total amount of repaid TARP funds to $164 billion. Wells Fargo repaid $25 billion under the Capital Purchase Program (CPP) and Citigroup repaid $20 billion under the Targeted Investment Program (TIP), both of which will wind down at the end of this year. Treasury now estimates that total bank repayments should exceed $175 billion by the end of 2010, cutting total taxpayer exposure to the banks by three-quarters.

In addition, effective today, Treasury, the Federal Reserve, the Federal Deposit Insurance Corporation and Citigroup terminated the agreement under which the U.S. government agreed to share losses on a pool of originally $300 billion of Citigroup assets. This arrangement was entered into in January of this year under Treasury’s Asset Guarantee Program (AGP) and was originally expected to last for 10 years. The U.S. government parties did not pay any losses under the agreement and will keep $5.2 billion of $7 billion in trust preferred securities as well as warrants for common shares that were issued by Citigroup as consideration for such guarantee. With this termination, the AGP is being terminated at a profit to the taxpayer.

Treasury currently estimates that TARP programs aimed at stabilizing the banking system will earn a profit thanks to dividends, interest, early repayments, and the sale of warrants. Total bank investments of $245 billion in FY2009 that were initially projected to cost $76 billion are now projected to bring a profit. Taxpayers have already received over $16 billion in profits from all TARP programs and that profit could be considerably higher as Treasury sells additional warrants in the weeks ahead. (emphasis added)

TARP Repayments Reach $164 Billion

164b from near the trillion payments? Holy shit. It gets funnier when you consider the free market crowd trying to advocate for it. Keep it up boys, as long as communism works for ya!

 

[Ame®icano]

Citi and Wells Fargo Repay TARP funds

AIG Less Reliant on U.S., on Path to Repaying Bailout

 

[Kex]

And when he got away, there it comes real deficit spending...

Too bad fuck ups like you do not know that FY2009 is Bush's budget.

And that the wars are now on-budget.

Shhhh. Why do you hate freedom?

 

[Kex]

Citi and Wells Fargo Repay TARP funds

AIG Less Reliant on U.S., on Path to Repaying Bailout

Economy gotta be improving since they can afford it. Too bad if it was conservative way they would get shit. Anyways, are you that desperate to satisfy FY2009 Bush's spending? Damn, you're loyal poodles.

 

[Ame®icano]

Citi and Wells Fargo Repay TARP funds

AIG Less Reliant on U.S., on Path to Repaying Bailout

Economy gotta be improving since they can afford it. Too bad if it was conservative way they would get shit. Anyways, are you that desperate to satisfy FY2009 Bush's spending? Damn, you're loyal poodles.

Read the news. They are selling their businesses and raising money by selling shares to return the money and get away from government control.

Only ones that are not returning money are current government establishments, General Motors, Chrysler, Fannie and Freddie. You can add to it Post Office.

 

[NYcarbineer]

The Defense spending increase (on budget) was only about $60B 2010 over 2009. The 2009 over 2008 increase was less than $30B.

So try again.

Bush budget won't fully fund Iraq war

The White House confirmed Wednesday that its new budget next month will not request a full year’s funding for the war in Iraq, leaving the next president and Congress to confront major cost questions soon after taking office in 2009.

Bush budget won't fully fund Iraq war - David Rogers - POLITICO.com

 

[Chris]

Reagan and the two Bushes created 92% of the National Debt by lowering taxes for the rich.

Click on the link...

ReaganBushDebt.org

 

[ihopehefails]

There was some job creation this month or at least that is how I read the numbers which is good news but Obama only created about 50,000 new jobs because of the census and America created about 100,000 new jobs which only proves the private sector is doing it better.

March jobs report shows employers hiring again - Apr. 2, 2010

Way to go!

Economic Good News!

162,000 new jobs......wait till next month

Wait until next month when hardworking Americans expand their business and hire a bunch of people and Obama places more hurdles in front of them to make that process even more difficult.

 

[ihopehefails]

Citi and Wells Fargo Repay TARP funds

AIG Less Reliant on U.S., on Path to Repaying Bailout

You are going to have to change your avatar. It looks like a smurf getting a blow job.

 

[skookerasbil]

The private sector fueled by the stimulus.

nobody thinks that except the k00ks.............and as they say s0n, reality if 95% perception!!!


Walk into any small business these days and talk to the owner..........anywhere. Ask them their prospects right now!!! I talk to them all the time......invariably, this guy Obama is viewed as a joke by small business owners.

 

[Ame®icano]

Citi and Wells Fargo Repay TARP funds

AIG Less Reliant on U.S., on Path to Repaying Bailout

You are going to have to change your avatar. It looks like a smurf getting a blow job.

 

[mudwhistle]

What the fuck are you talking about? The budget was passed, with no problems as I recall. I know making shit up for GOP is ok, but do not make it so obvious.

Your memory is for shit.

They only took temporary measures to keep the government running. They didn't pass Bush's final budget. This was something the Dems started doing in 2007 and continued through the rest of Bush's final term.

Bush ‘09 budget probably ’DOA’
By Legislative Affairs Staff

President Bush’s proposed $3.1 trillion FY09 budget to the Congress leaves domestic spending flat. Analysts indicate that given this is his last budget (can anyone spell a “lame duck?”) Congress will ignore many of the recommendations presented.


Add the volatility of an election year for a new president and a new Congress — and that Congress is already working out the details of an economic stimulus package — and the resulting conclusion is: There may not be enough traction to enact a new budget at all.

Senate Majority Leader Harry Reid (D-Nev.) has already said the Senate can stall until the president leaves office, avoiding a presidential veto, and instead pass omnibus legislation that continues existing funding.

That said, the president’s budget always has relevance, and some of his proposals stand a chance of being enacted. The president proposed his spending plan Feb. 4.
NACo | Bush ‘09 budget probably ’DOA’

WASHINGTON - President Bush on Saturday signed a bill to prevent a government shutdown, but not without complaint. Bush lambasted the Democrats who control Congress for sending him the stopgap measure while they continue to work on more than a dozen spending bills funding the day-to-day operations of 15 Cabinet departments.

"Congress failed in its most basic responsibility," the president said in his weekly radio address.

The bills are tied up because Democrats want to add $23 billion for domestic programs to Bush's $933 billion request for the approximately one-third of the federal budget funded by the yearly spending bills. Bush has threatened vetoes on most of the bills, eager to re-establish his party's reputation as the place to go for fiscal discipline.

The president said Democrats are planning the "biggest tax increase in American history" to pay for the new spending.

"Earlier this year congressional leaders promised to show that they could be responsible with the people's money," he said. "Unfortunately they seem to have chosen the path of higher spending."

Bush signs bill, complains about dems [Archive] - Democracy Forums

 

[Founder]

Reagan and the two Bushes created 92% of the National Debt by lowering taxes for the rich.

Click on the link...

ReaganBushDebt.org

_____________________________________________________
_____________________________________________________
You Democrats lie! Fact is, ALL Americans are the "rich," and here is why:

The rich in no nation in the history of the world have ever paid any taxes, not one of them ever. All their "taxes" are paid by their poor employees and other poor people.

Use the sense God gave a goose. If a Hot Dog vendor is taxed (read all corporations and the rich generally) he simply passes the tax on to those shumucks who buy and eat the Hot Dogs he sells. He doesn't pay one nickel of tax. Never has, and never will.

Hell, you can't even arrest, rob and kill the rich. They have money, and 90 plus percent of them will find a way to use that money and the education it buys, to flee the damned country with most, if not all, of their money, ill gotten or not.

That is the law of life and even the Communist Governments of Russia and China were not able to get around it. Most of their former rich got away with their money and their education. Check it out.

And so the Democrats, lie, and lie, and lie, and lie, about how they plan to "tax" the rich, and what they end up doing every single time is taxing the working poor to give freebies and handouts of the lazy, worthless poor. That is the Democrat Scam Game, and the suckers seem to keep buying into it all the time. That is why the Democrats are not that unpopular with the rich. The rich know the drill, they know the game the Democrats are running and they play along.

Doesn't anyone catch on to this Democrat bait and switch routine???????

 

[rightwinger]

Reagan and the two Bushes created 92% of the National Debt by lowering taxes for the rich.

Click on the link...

ReaganBushDebt.org

_____________________________________________________
_____________________________________________________
You Democrats lie! Fact is, ALL Americans are the "rich," and here is why:

The rich in no nation in the history of the world have ever paid any taxes, not one of them ever. All their "taxes" are paid by their poor employees and other poor people.

Use the sense God gave a goose. If a Hot Dog vendor is taxed (read all corporations and the rich generally) he simply passes the tax on to those shumucks who buy and eat the Hot Dogs he sells. He doesn't pay one nickel of tax. Never has, and never will.

Hell, you can't even arrest, rob and kill the rich. They have money, and 90 plus percent of them will find a way to use that money and the education it buys, to flee the damned country with most, if not all, of their money, ill gotten or not.

That is the law of life and even the Communist Governments of Russia and China were not able to get around it. Most of their former rich got away with their money and their education. Check it out.

And so the Democrats, lie, and lie, and lie, and lie, about how they plan to "tax" the rich, and what they end up doing every single time is taxing the working poor to give freebies and handouts of the lazy, worthless poor. That is the Democrat Scam Game, and the suckers seem to keep buying into it all the time. That is why the Democrats are not that unpopular with the rich. The rich know the drill, they know the game the Democrats are running and they play along.

Doesn't anyone catch on to this Democrat bait and switch routine???????

Debt is debt.

If you cut spending and pass the savings along in decreased taxes you are spurring the economy.

If you borrow money to fund a tax cut without cutting spending , you are just adding to the debt. Reagan and Bush cut taxes and just ran up debt.........

We should not have to borrow money just to make the rich richer

 

[rightwinger]

That is the law of life and even the Communist Governments of Russia and China were not able to get around it. Most of their former rich got away with their money and their education. Check it out.

Which tax haven paradise are all the wealthy in this country going to go? I'm sure there are plenty of third world nations that would be thrilled to have them