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Keyword: porkulus

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  • Why Some Dems Bucked Their Own Party to Oppose a $3 Trillion Relief Package

    05/16/2020 3:33:42 PM PDT · by Libloather · 28 replies
    Newsweak via MSN ^ | 5/16/20 | Ramsey Touchberry
    The latest economic stimulus package narrowly passed by the House on Friday was a tiptoeing act for Democratic leadership, not because they tried to craft a $3 trillion piece of bipartisan legislation - neither Republicans nor the White House were consulted - but because they struggled to get members of their own party on board. As a result of the inability to appease the entire caucus, some moderate and liberal Democrats crossed the aisle to join Republicans to vote against the proposal that includes another round of stimulus checks, state and local aid, an expansion of unemployed benefits and rent...
  • U.S. stimulus package is biggest ever, but may not be big enough

    03/30/2020 10:27:17 AM PDT · by Oldeconomybuyer · 35 replies
    Reuters ^ | March 30, 2020 | by Lawrence Delevingne, Howard Schneider
    The Federal Reserve has offered more than $3 trillion in loans and asset purchases in recent weeks to stop the U.S. financial system from seizing up, but it has not yet directly helped large swaths of the real economy: companies, municipalities and other borrowers with less than perfect credit. That is partly because America’s central bank is not allowed to take much credit risk itself, and loans to lower-rated borrowers have a higher chance of losses. The risk is exacerbated by the spread of coronavirus which have brought economic activity to a screeching halt. To alleviate that constraint, the U.S....
  • Understanding the Relief Package

    03/29/2020 7:12:09 PM PDT · by piytar · 5 replies
    John Hyre ^ | 28-Mar-20/0 | John Hyre
    The helicopters are dumping money out the door. You will pay for it down the road, one way or another. Might as well get a piece. And in fairness......some of you really do need it. This event is unprecedented, at least within living memory. We will cover: - $350 BILLION LOANS YOU DON'T HAVE PAY BACK - If You Apply for certain loans, you get $10k In 3 Days. If You Don't Get Approved That $10k Advance Gets Forgiven. - Avoid Penalties on Retirement Fund Withdraws; Can Put Money Back In - 10 BILLION OF DISASTER LOANS - Defer Your...
  • 2 Trillion for Washington's Virus Bill = 6,060.00 per Person.

    03/27/2020 4:45:09 PM PDT · by Robert A Cook PE · 61 replies
    27 March 2020 | RACook
    The numbers speak for themselves. Rather than "give" 6,000.00 per person to the individuals to use as they see fit, Washington demands their cut: 1,000.00 back (maybe) IF you have less than 90,000.00 income limit, otherwise nothing. And the rest going to the people the Washington political class selects and the democrat's ABCNNBCBS press corpse approves! 2 trillion is roughly 1/10 of the entire US economy. How will they spend all of that in two months?
  • Stimulus Pork

    03/26/2020 3:17:42 PM PDT · by wac3rd · 24 replies
    Dumb Dems of California (Facebook group) ^ | 3-26-20 | Dumb Dems of CA
    Total absurdity of a "Virus Bill" listed: Here's a review of what's in this stimulus package.. Courtesy of Dave Wukawitz âś…HereÂ’s whatÂ’s in the stimulus deal. $100,000,000 to NASA, because, who knows why. $20,000,000,000 to the USPS, because why the hell not $300,000,000 to the Endowment for the Arts / because why not $300,000,000 for the Endowment for the Humanities/ because no one even knew that was a thing $15,000,000 for Veterans Employment Training / for when the GI Bill isn't enough $435,000,000 for mental health support / thats a lot of suicide hotlines $30,000,000,000 for the Department of Education...
  • Trump: 'I Canceled' $2T Stimulus Deal Over Pelosi Additions

    03/24/2020 12:51:45 PM PDT · by Red Badger · 148 replies
    NewsMax ^ | Tuesday, 24 March 2020 02:33 PM | By Sandy Fitzgerald |
    President Donald Trump Tuesday said he was the person who canceled the deal to pass coronavirus legislation in excess of $2 trillion after House Speaker Nancy Pelosi included "a lot of things" that had nothing to do with people who have been put out of work because of closures over the spreading coronavirus epidemic. "I canceled the deal," he said in a Fox News virtual town hall. "I said, 'I'm not going to send that deal.' Nancy Pelosi came and put a lot of things in the deal that had nothing to do with the workers, that has to do...
  • Is $10 Oil On The Horizon?

    03/16/2020 1:22:28 PM PDT · by nickcarraway · 46 replies
    Oilprice ^ | Mar 16, 2020 | Andreas De Vries
    According to a number of cognitive scientists, mankind uses its unique ability to reason primarily for justifying pre-held convictions, rather than for forming convictions. It is of critical importance for strategists to understand and acknowledge this human tendency, as it causes one to easily fall prey to a number of cognitive biases, which prevent one from seeing things how they really are, and more important for the strategist, how they are likely to become. One of the most famous cognitive biases is confirmation bias. As we prefer to be proven correct, we naturally incline towards information that confirms our views...
  • One trillion dollars have flowed into the American economy as Trump’s tax law changes allowed companies to repatriate profits without tax penalty

    12/27/2019 5:34:53 AM PST · by SeekAndFind · 7 replies
    American Thinker ^ | 12/27/2019 | Thomas Lifson
    President Trump’s tax reform has delivered more than a trillion dollars of stimulus to the American economy through corporations repatriating profits held overseas in order to avoid penalties that the tax law had imposed on bringing home the funds earned abroad. Bloomberg reports: Corporations have brought back more than $1 trillion of overseas profits to the U.S. since Congress overhauled the international tax system and prodded companies to repatriate offshore funds, a report showed Thursday. (snip) Investment banks and think tanks have estimated that American corporations held $1.5 trillion to $2.5 trillion in offshore cash at the time the law was enacted. Before the overhaul,...
  • Elijah Cummings ALSO Called Baltimore “Drug Infested”

    07/31/2019 7:09:41 AM PDT · by gaggs · 6 replies
    Video: Elijah Cummings ALSO called Baltimore “drug infested” – Trump is called “racist” for saying same thing.
  • 10 Surprising Things We Definitely Do Not Miss About President Obama

    04/23/2018 10:35:42 AM PDT · by Oldeconomybuyer · 71 replies
    The Cheat Sheet ^ | April 23, 2018 | by Lizz Schumer
    Now solidly into the second year of Donald Trump’s presidency, we can look back at Barack Obama’s legacy with some context. Many aspects of Obama’s eight years in office will go down in history as a success, but not all of them. Let’s take a look at the worst mistakes he made and one force that may have rested even outside his control. 1. Confidence in the economy recovered post-Obama. 2. Obama oversaw a period of struggling labor. 3. The stock market struggled during Obama’s tenure. 4. The 44th president heightened tensions in the Middle East. 5. Obama let the...
  • Hillary's trickle-UP economics and strange enablers [aw!m vanity]

    10/12/2016 1:40:27 PM PDT · by Arthur Wildfire! March · 9 replies
    Arthur W! March
    A FRiend recently pointed out that the opposite of 'trickle down' economics is 'trickle up'. How true! In any banana republic [such as the 'U' SA] the tyrant tops the economic food chain -- that's where the economy trickles up. And sometimes the minions are even more dangerous, such as Obama's 'subordinate', Hillary. View what she achieved already and then imagine her in the Oval Office [with her husband's experience to guide her] ... 1. Watered down AIDS medication [*a*] which should come as no surprise after their ... 2. Tainted prison blood scandal. [*b*] Anyone greedy enough to infect...
  • The Sixty Three Hundred Billion Dollar Question

    05/17/2016 4:52:01 AM PDT · by detective · 17 replies
    Conservative Treehouse ^ | May 17, 2016 | Sundance
    Just because the so-called “conservative” and “liberal” punditry and politicos refuse to answer this question, doesn’t mean we should stop asking it. In 2009 President Obama along with congress passed the roughly $900 billion stimulus bill, the American Recovery and Reinvestment Act. The “non-shovel ready” spending took place within fiscal year 2010/2011. The amount is significant because the injected stimulus was 30% more than the entire federal budget for the same year.
  • The Coming Collapse of the Middle Class

    05/06/2016 7:06:55 PM PDT · by thoughtomator · 33 replies
    UC Berkeley Graduate Council Lectures ^ | 6/2007 | Elizabeth Warren
    Distinguished law scholar Elizabeth Warren teaches contract law, bankruptcy, and commercial law at Harvard Law School. She is an outspoken critic of America's credit economy, which she has linked to the continuing rise in bankruptcy among the middle-class. Series: "UC Berkeley Graduate Council Lectures" [6/2007] [Public Affairs] [Business] [Show ID: 12620]
  • Michael Savage: Obama will sabotage economy on way out

    05/04/2016 5:04:31 PM PDT · by Hojczyk · 26 replies
    WND ^ | May 3,2016
    Prior to his remarks about Obama’s final days in office, Savage told his listeners he believed Trump would defeat Clinton in a landslide, describing the former secretary of state, senator and first lady as “Fidel Castro in a dress.” If Donald Trump wins the Republican nomination and defeats likely Democratic nominee Hillary Clinton in November, President Obama will sabotage the economy in his final months in office, predicts talk-radio host Michael Savage. “If Trump wins – and I think he will – there will be an economic crash,” Savage told listeners of his nationally syndicated show, “The Savage Nation,” Monday....
  • SunEdison at risk of bankruptcy, unit says; shares plummet 60 percent ($4.6b Taxpayer $)

    03/29/2016 12:34:23 PM PDT · by Oldeconomybuyer · 5 replies
    Reuters ^ | March 29, 2016 | BY AMRUTHA GAYATHRI AND ARATHY S NAIR
    U.S. solar energy company SunEdison Inc, whose aggressive acquisition strategy has saddled it with almost $12 billion of debt, is at "substantial risk" of bankruptcy, one of its two publicly listed units warned on Tuesday. A bankruptcy would rank among the largest involving a non-financial company in the past 10 years, according to bankruptcydata.com. SunEdison declined to comment. SunEdison's shares - already reeling from a Wall Street Journal report on Monday that the company was being investigated for overstating its cash position - fell as much as 60 percent to a record low of 50 cents.
  • Job totals trail pre-recession levels in 10 US states

    03/25/2016 9:22:44 AM PDT · by Olog-hai · 6 replies
    Associated Press ^ | Mar. 25, 2016 12:18 PM EDT | Christopher S. Rugaber
    Ten U.S. states still have not regained all the jobs they lost in the Great Recession, even after six and a half years of recovery, while many more have seen only modest gains. […] Wyoming had 3 percent fewer jobs last month than it did in December 2007, when the recession began, the Labor Department said Friday. That is the biggest percentage decline among the states. Alabama's job total trails its pre-recession level by 2.7 percent, followed by New Mexico, where job totals are 2.6 percent lower. Some larger states are also still behind. New Jersey has nearly 1 percent...
  • Obama in Florida will tout benefits of economic stimulus

    02/26/2016 7:50:03 AM PST · by Olog-hai · 18 replies
    Associated Press ^ | Feb 26, 2016 10:35 AM EST | Darlene Superville
    President Barack Obama is heading to Florida to tout the benefits of the massive economic stimulus bill he signed shortly after taking office seven years ago. Obama pumped more than $760 billion into a then-slumping economy beginning in early 2009 in a frantic effort to halt the worst economic downturn in generations. It was an unsettling period for many Americans as hundreds of thousands of jobs disappeared, unemployment climbed into double digits and home values plummeted. Obama will argue during a stop in Jacksonville on Friday that the country is on a more solid footing because of this and other...
  • White House steps up aid for financially ailing Puerto Rico

    02/25/2016 9:49:05 AM PST · by Olog-hai · 23 replies
    Associated Press ^ | Feb 25, 2016 11:41 AM EST | Kevin Freking
    Hoping to spur economic development in financially ailing Puerto Rice, the White House said Thursday it will speed access to almost $400 million for roads and other public works projects on the island. [...] But the White House also said Congress needs to give Puerto Rico the ability to seek bankruptcy protection under a framework reserved for U.S. territories. That proposal has drawn objections in Congress, with some Republican leaders saying Puerto Rico has the tools to restructure a large portion of its debt voluntarily. ...
  • Congress Votes To Fund Nearly 300,000 Visas For Muslim Migrants In One Year

    12/18/2015 9:47:20 AM PST · by Syncro · 98 replies
    Breitbart/Big Government ^ | Dec 15, 2015 | Julia Hahn
    <p>The House passed Rep. Paul Ryan's (R-WI) $1.1 trillion omnibus spending bill, negotiated with Rep. Nancy Pelosi (D-CA) A majority of House Republicans voted for the measure, which fully funds Obama's refugee resettlement operation, all Mideast immigration programs, Sanctuary Cities, Obama's continued executive amnesty for DREAMers, and the resettlement of illegal aliens within the U.S. interior.</p>
  • Congress overwhelmingly backs 5-year transportation bill

    12/03/2015 8:18:45 PM PST · by Olog-hai · 24 replies
    Associated Press ^ | Dec. 3, 2015 9:06 PM EST | Joan Lowy
    After years of stymied efforts to address the nation's aging and congested highways and transit systems, Congress found the sweet spot for passage on Thursday -- a 5-year, $305-billion bill laden with enough industry favors, parochial projects, safety improvements and union demands to gain overwhelming support. The bill was approved 359 to 65 in the House, and 83 to 16 in the Senate. The bill now goes to the White House for President Barack Obama's signature. The bill boosts highway and transit spending and assures states that federal help will be available for major projects. It doesn't include as much...