I can’t believe how easy it was. I signed up for their free service and my trading has greatly improved. Can’t believe I was missing out. Text the word “Alerts” without quotes to FIVE FIVE FIVE EIGHT EIGHT EIGHT
Obama Promised To Cut The Deficit In Half, But Has Failed To Even Present A Plan That Would Bring The Deficit To Those Levels
PROMISE: Obama Pledged To Cut The Deficit In Half By The End Of His First Term. OBAMA:”And that's why today I'm pledging to cut the deficit we inherited by half by the end of my first term in office." (President Barack Obama, Remarks At The Fiscal Responsibility Summit, Washington, D.C., 2/23/09)
“President Barack Obama Plans To Cut The U.S. Budget Deficit To $533 Billion By The End Of His First Term ...” (Hans Nichols, "Obama Plans To Reduce Budget Deficit To $533 Billion By 2013," Bloomberg, 2/21/09)
One White House Official Told Politico "We'll Cut It At Least In Half.""Under White House projections, this year's inherited budget deficit of $1.3 trillion will be cut to $533 billion by fiscal year 2013, the end of the first term. ‘So we'll cut it at least in half,’ the official said." (Mike Allen, "Obama Vows To Cut Huge Deficit In Half," Politico, 2/22/09)
FAILURE: Even If Every Part Of Obama's Deficit Reduction Proposal Was Enacted, The Deficit At The End Of His First Term Would Still Be $1.33 Trillion, Over Double What He Promised. (“The President's Plan For Economic Growth And Deficit Reduction; Table S-3,” Office Of Management And Budget, 9/19/11)
Hey voters do you remember the good old days....with First Black male in the white house??? LOL!
Remember the Obama housing crisis and losing 30% to 50% of your homes value, banking crisis, general economic crisis, record unemployment still around 10% or 90 million Americans under employed or out of work, the beginning of the great recession, the Dow at record lows as Obama started his record deficit spending & now $17.2 Trillion in record debt under Obama failed leadership. Now Millions losing health insurance under Obamacare mandates and the plan is such a disaster only 50,000 have signed up. Record 5 years of sky high Obama gas prices with only lower prices coming the past few weeks. Yes we all miss GWB now. God Bless America.
germany leave ucraine for the russians. now germans have russians near poland, the batle of cyprus that cost a lot to russians i hope the forgive germany.
This $819 billion was not funded by taxes; it was a not a matter of spending by the US government. Instead, it was plain and simply the creation of money on a fantastic scale to get Wall Street and the global banking system out of the existential risk they were facing. A flood of newly created money was loaned by the Fed to various US and foreign financial institutions; the banks then used this new money to pay the creditors who were pulling out $800+ billion in loans. And thus a global bank run was stopped in its tracks, in such a way that kept effectively insolvent institutions viable – with no explicit bail-out being necessary.
The general public never fully understood this, nor just how close the financial world had come to annihilation – and likely global depression.
And this lack of understanding is what made it possible to sell the myth of so-called "weak banks" and "strong banks".
There were no "strong banks". Indeed, the so-called "strong banks" survived only because the Federal Reserve created over $800 billion out of the nothingness and loaned this money to them to prevent their near immediate insolvency. Absent quantitative easing, it was game over for the financial system.
This convenient myth persisted, however, and helped enable the payment of near record bonuses to Wall Street investment bankers in the following year – because there was no overt rescue that the public understood.
Or someone with deep pockets who knew which way the Dow was gonna go today.
anyone with half a brain knows that printing money and kicking the can down the road is not the answer and i wouldn't look for any common sense tapering anytime soon. The d.c. brain does not function in a normal manner. obama is noting but a loose cannon....
The present value of WAMU's income stream well exceeds what JPM paid for WAMU. Dimon made a good acquistion at the lowest price he could, which is in the interest of JPM shareholders. That is what a CEO should do. If you were on the wrong side of that acquistion, tough darts. Go away.