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Showing posts with the label economy

Politics and You - 545 vrs 300,00,000

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545 vs 300,000,000 Politicians are the only people in the world who create problems and then campaign against them. Have you ever wondered, if both the Democrats and the Republicans are against deficits, WHY do we have deficits? Have you ever wondered, if all the politicians are against inflation and high taxes, WHY do we have inflation and high taxes? You and I don't propose a federal budget. The president does. You and I don't have the Constitutional authority to vote on appropriations. The House of Representatives does. You and I don't write the tax code, Congress does. You and I don't set fiscal policy, Congress does. You and I don't control monetary policy, the Federal Reserve Bank does. One hundred senators, 435 congressmen, one president, and nine Supreme Court justices 545 human beings out of the 300 million are directly, legally, morally, and individually responsible for the domestic problems that plague this country. I excluded the members of the Federal R

Banks "RIPPING OFF" unemployeed workers ???

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This is Amazing - on one hand they say they need money [ the banks ] from the government [ really the tax payers ] to survive and they promise to help with the struggling economy and they start imposing fees on unemployeed people who are collecting unemployement ??? What the heck is going on - Read the article below - blew my mind... Hey - Whats Obama Doing ?? Jobless hit with bank fees on benefits By CHRISTOPHER LEONARD AP Business Writer The Associated Press Friday, February 20, 2009 12:25 AM EST For hundreds of thousands of workers losing their jobs during the recession, there's a new twist to their financial pain: Even as they're collecting unemployment benefits, they're paying bank fees just to get access to their money. Thirty states have struck such deals with banks that include Citigroup Inc., Bank of America Corp., JP Morgan Chase and US Bancorp, an Associated Press review of the agreements found. All the programs carry fees, and in several states the unemployed ha

Obama, Stimulus and Stupid???

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Obama, Stimulus and Stupid ? I was watching the news today and heard the most stupidest idea ever to come from Washington. A plan lead by Obama and supported by most of congress to Bring back the welfare system. Well ok, they don’t call it welfare - but what else is it. A monthly check to the poor is simply just that - a welfare system. A program that is made to actually keep most people in poverty - that’s right you heard me - in poverty. Maybe this is a way to pay back all his voters who wanted change - but apparently just want the same old sh*t we had before that did not work. How do I know - I was a child in the welfare system and I remember very well the nonsense and the mentality that this system created. Welfare never gave you enough money to barely survive on and for any little thing you were penalized. Take for instance the time my mother tried saving $1,000 dollars in the bank. The welfare program cut her off because she actually saved money - told her she had to spend that m

Are you ready for STIMULUS check ??

For the most part, every one I've spoken to about the stimulus check and what they will do with it, basically have the same response.... They plan to catch up on bills or save it. I myself hope to save it, if I can. So much for stimulating the economy. After all, that's the whole point of this money - the government wants you to spend..... My issue with this is - this is not free money - it's sort of an advance on your next years tax return. Also, I know they said in the news that if only half of the people that receive this stimulus check spend their money - it will improve the economy three or four months later. Or should I say, the results will be seen three or four months later. Great for the presidential candidates and congress who want good news to help themselves get re-elected, but it really doesn't do anything for you and me. Unless the economy improves - all these checks do is give false hope.... So what will you do with your check???

Crash Proof - facing America's recession

I've been terribly sick the last four days and so while bed ridden - lets just say I've watched way to much tv. Especially on the possible recession that America is facing, may face and has the government working so hard to avoid. I have to say, I don't know about you, but I find myself working harder everyday trying to find new ways to cut back on my expenses. I don't know why the news, our government - for that matter we the people don't realize that America - the real America is already in a recession. Crash Proof Book As I laid in bed sneezing, coughing and hacking up - well you know…I watched the news talk about how high gas prizes have effected travel and how the 911 terrorist laws make it difficult for foreigners to come to America to spend their money. I read in the news paper about county budget cuts, I read this morning how New Jersey wants to cut thousand of state jobs in one swoop. I don't think we're facing a possible recession, I think America

Govnt stimulus not free money......but yours

Do you know what the economic stimulus really is? You know - That so called money the Gov’nt is giving you... I was talking with my tax people -HR Block guy and the stimulus package came up. He informed me that most people don't realize that - that money they will give you in July - is an advance on your tax rebate next year. So what the government is doing is basically giving you the money you would get at the end of the year - in July. What happens is, people don't realize that it's not free money and when the end of the year comes they get mad when they find out that the usual amount they get every year will be less due to the money they gave you early this year in advance. What burns me, is that they don't tell this to the people and just say - here is money go spend it so the economy [ mostly the rich ] wont collapse. So while people think it’s free money in truth it's not - you better not be counting on your tax refund to bail you out of any year end debts bec

Do the Rich care about your Finances????

The video below shows a family that says they are already in a recession. I tend to agree with them - but I believe the country is in a mild recession leading to a much larger one. The Government is always saying it's a personal responsibility to save - then they tell us to go out and spend to help the economy. When poor people spend beyond their means its called "irresponsibility" on their part. When the middle class spends beyond their means it's called a crisis or recession. Why? Could it be that the saying - the rich get richer and the poor get poorer is true? While all the news is either about a country wide recession - what people fail to realize is that a recession means the "Rich people" wont be making money. That’s right you heard me. The poor are already lacking money. The middle class support the economy by spending beyond their means. And the rich depend on the poor to spend what little they have and the middle class to believe that their over sp