> Obama Regime Report < Obama Regime Report: King Obama's Stimulus Bill Tab Growing Like a Malignant Cancer With No Cure

Today's world headlines

Thursday, April 2, 2009

King Obama's Stimulus Bill Tab Growing Like a Malignant Cancer With No Cure

This thing has more hidden costs and dem patronage payoffs in it than both Mayor Daley's fundraisers added up together and that is no small number of the Daley's 100 year rule over their personal kingdom handed down for 2 generations now.

Somehow those numbers keep climbing and climbing and are now estimated to be around 12 trillion baby, the new word of the new millennium that has been used more during the Obama 70 day old administration more than the entire history of the US..

These dems sure love to set records don't they, records we could all live without thank you. and this "I am King" routine that Obama has picked up from his Chicago Machine Training has gone way the frick too far and if we don't kick back on this hard and now it's gonna result in catastrophic damage to the republic.

Just look what he's gotten away with so far......I say off with both their heads,

'Stimulus' tab: $12.8 trillion and climbing:

WorldNet Daily "WASHINGTON – The federal government and the Federal Reserve have committed $12.8 trillion in spending so far to bailouts and 'stimulus' packages – an amount nearly equal to the value of everything produced in the U.S. in 2008.

That's the report from Bloomberg News about efforts to reduce the economic drag of a debt-based recession – the worst financial crisis to hit the U.S. since the Great Depression.

The numbers are growing so fast, it's tough for most Americans to grasp.

"Dana Johnson, chief economist for Comerica Bank in Dallas, says: "The comparison to GDP serves the useful purpose of underscoring how extraordinary the efforts have been to stabilize the credit markets."

The tally works out to $42,105 for every man, woman and child in the U.S. and 14 times the $899.8 billion of currency in circulation. The nation's gross domestic product was $14.2 trillion in 2008.

The combined commitment has increased by 73 percent since November, when Bloomberg first estimated the funding, loans and guarantees at $7.4 trillion.

Federal Reserve officials project the economy will keep shrinking until at least mid-year, which would mark the longest U.S. recession since the Great Depression.


Share/Bookmark

The urge to save humanity is always a false front for the urge to rule it. H. L. Mencken

No comments:

Post a Comment

Some rules: No leftwing attacks nor Obama supporters so don't waste you're time & especially mine. All 99% others welcome to have your say.

Google
 
Web chicagoray.com
chicagoray.blogspot.com

One last thing...Fair Use, Photoshop Usage, Legal

Statement on Fair Use

This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner or may be authorized or licensed for publication at this site only. Permission to copy, republish or reproduce such material must be obtained from the original copyright owner PHOTOSHOP STUFF.....When the photoshops appear on this site they either have my name on them becuase I made them or tweaked an original in which case I link to the original by clicking the pic. Please take all you want, that's why they're here, just leave the name as is like I do, and I would be eternally grateful. Ask and I'll tweak it for your site if you need it... More here


Back To The Page Top