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We're $12.3 Trillion Poorer Than We Were Three Years Ago
The Business Insider ^ | 9-18-2010 | Calculated Risk

Posted on 09/19/2010 8:12:40 AM PDT by blam

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1 posted on 09/19/2010 8:12:43 AM PDT by blam
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To: blam

Good job, Barack.


2 posted on 09/19/2010 8:15:15 AM PDT by Brilliant
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To: blam

Isn’t Mort(=dead)gage debt money not yet born?


3 posted on 09/19/2010 8:16:49 AM PDT by yesca (..belief is the enemy)
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To: blam

Sure, but don’t forget that we’ve created or saved, like, 83 jobs with the money.


4 posted on 09/19/2010 8:17:31 AM PDT by coloradan (The US has become a banana republic, except without the bananas - or the republic.)
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To: blam

What’s worse is that we have NOTHING to show for it. No new dams or nuclear energy installations, no new roads, no new high speed rails or new technologies that were spurned by the govt.

Worse yet, not a drop to show in the area of space exploration...

Nothing but pure, hand outs. And the bastar*s want to tax the rich etc.

I love that democrat congressman on the news the other day lamenting what would happen if the Bush Tax cuts were renewed.

He says:

“It will cost the govt over 800 million dollars in revenue...”

In other words, the dumb SOB figures that 800 million will be taken out of the federal treasury....when in fact it means nothing of the kind.

It means that 800 million will be taken out of the hands of the people, into the hands of people like him.

There is only one solution, throw them out...republican and democrats alike....Throw them all out of office....

It’s our money you idiot! Not yours....


5 posted on 09/19/2010 8:20:29 AM PDT by nikos1121 (Praying today for -25, better yet -26......)
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To: blam
Make that $12.3 Trillion deeper in debt!

But that's OK, bummer has a plan... All we have to do is start adding zeros to this brand new currency they're proposing....


6 posted on 09/19/2010 8:20:48 AM PDT by Errant
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To: blam
We're $12.3 Trillion Poorer Than We Were Three Years Ago

But because of the stimulus, Bank of America, Citigroup, JP Morgan, Goldman Sachs, and Wells Fargo can pretend to be solvent. So their campaign contributions haven't slowed down any.

7 posted on 09/19/2010 8:21:20 AM PDT by Mr. Jeeves ( "The right to offend is far more important than any right not to be offended." - Rowan Atkinson)
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To: blam; Kaslin; Arthur Wildfire! March; STARWISE; onyx; Sub-Driver; LucyT; CitizenM; GOPJ

Please feel free to distribute:

If you are a Pubbie staffer, you take this back to your management:

NO MORE.
You support and elect conservatives or get out of the way. You have ONE LAST CHANCE.

No more.

You WILL NOT control us.
You WILL NOT dictate terms of who is electable.
You WILL NOT operate as if nobless oblige politics serves the purpose of continuing conservative interests in national governance.
You WILL NOT define or redefine issues from the top down.

You have ONE.

ONE

LAST

CHANCE

...at our pulling the lever.

Support conservative principles. IMMEDIATELY.

You sacrifice your greed and quest for political capital or leave the country. Buy some island in Greece.

Ditto for those who mistakenly call themselves ‘Democrats.’ The party of the little man no longer exists. Yours is the party of junk politics: composed of disparate, often inimical political interests. It is imploding and will take you with it. Go live in Maurice Strong’s barricaded Beijing complex, wrap your feet and live on your knavery there, if you can. Oh, and don’t go to Muslim countries, you women of the ‘Democrat’ party, unless you want to live with a body bag over your heads and never feel sunlight on your faces again, sexual pleasure from FGM practices and stonings for whimsical, trumped up charges. Maybe try to live with Soros in Singapore, together with his mafia types, but don’t spit gum on the sidewalk, or you’ll be caned.

Beltway masters, you have looted the treasury, are burning the storehouses and think you have pulled one over on us, together with your stealth jihads on AGW, federal dependency of state budgets and the strangling of individual, unalienable rights that ARE endowed by their Creator—whether you like it or not. You think your constitutional leprosy can disintegrate American values and create some exotic America 21 entity under international control. You think writing credit card checks is worth the signature you’re trying to sell as our full faith and credit.

You think we’ll die on our knees willingly. You’re wrong. You think we don’t know that in a weakened condition, Russia or China or Timbuktu could attack us and you’ll lay down our lives for your friends. You’re wrong.
You think we don’t know what’s good for us. You’re wrong. What’s not good for us is YOU.


8 posted on 09/19/2010 8:26:04 AM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: combat_boots
"You support and elect conservatives or get out of the way. You have ONE LAST CHANCE."

I'm done...they've had their last chance with me.

9 posted on 09/19/2010 8:30:18 AM PDT by blam
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To: blam
But hey, Kalifornia created 55 jobs with just 111 million dollars!

They must be doing something right!

10 posted on 09/19/2010 8:32:36 AM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: blam
household net worth is now off $12.3 Trillion from the peak in 2007

Well, not really. All that "net worth" was only on paper. The "wealth" was never real. If everyone had tried to cash out on all that paper wealth at the 2007 peak, the entire system would have collapsed instantaneously. The wealth was only realized if you were able to find a bigger sucker back in '07 and sold.

It's also foolish to blame the collapse of this real estate bubble on Obama. It was blown mostly during the Bush yeares, and it was fundamentally unsustainable, regardless of who is President.

Wealth based on ever-increasing levels of debt is not wealth at all.

11 posted on 09/19/2010 8:33:05 AM PDT by Zeddicus
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To: blam

The dems stole trillions of our tax dollars with NOTHING at all to show for it.

I guess that’s what community organizing is all about.

It was apparent in Chicago that the Annenberg Challenge was all about making millions of dollars disappear while the community burned.


12 posted on 09/19/2010 8:33:22 AM PDT by Carley (For those who fought for it, freedom has a flavor the protected will never know.)
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To: blam

One American trillion (ie. 1012) would equal about 31,688 years 269 days 17 hours 34 minutes 25 seconds. (Leap years counted)


13 posted on 09/19/2010 8:35:44 AM PDT by B4Ranch (Conflict is inevitable; Combat is an option. Train for the fight.)
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To: blam
We're $12.3 Trillion Poorer Than We Were Three Years Ago

Yes and this is a massive net financial gain be cause the Messiah saved us from Bush and it would have been much, much, much worse without the Divine intervention of Messiah Obama.

Obama has saved us by bringing down our debt to $12.3 trillion /MS

14 posted on 09/19/2010 8:38:39 AM PDT by EGPWS (Trust in God, question everyone else)
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To: blam
$12.3T of Big Government bureacracies and wasteful spending to be cut and hauled away in the coming years.

New reality show: "DC Loggers - Representatives cutting down the forest of Big Government"

15 posted on 09/19/2010 8:42:27 AM PDT by DTogo (High time to bring back the Sons of Liberty !!)
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To: blam

Thank you, local, State and Federal governments!


16 posted on 09/19/2010 8:43:35 AM PDT by Psycho_Bunny (Hail To The Fail-In-Chief)
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To: blam
$12.3 Trillion=

$12,300,000,000,000.00=

$1.23 x 10 x 10 x 10 x 10 x 10 x 10 x 10 x 10 x 10 x 10 x 10 x 10 x 10

17 posted on 09/19/2010 8:54:26 AM PDT by Sefton (Marxism>Leninism>Stalinism>Trotskism>Maoism>Obamaism)
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To: Zeddicus
For your perusal, How the Democrats Created the Financial Crisis: Kevin Hassett
18 posted on 09/19/2010 9:11:21 AM PDT by TwelveOfTwenty (Compassionate Conservatism? Promoting self reliance is compassionate. Promoting dependency is not.)
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To: combat_boots

Dude/Dudette, don’t hold back. Tell us what you REALLY think.


19 posted on 09/19/2010 9:34:18 AM PDT by tal hajus (too disgusted to care...much)
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To: blam; stephenjohnbanker; M. Espinola; Quix; All
Coming out this fall . . .

"I Want Your Money" -- Trailer

20 posted on 09/19/2010 9:35:12 AM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
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