Appeals court: Obamacare unconstitutional
- Thread starter Big P
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newatit2010
Well-Known Member
Yea I hear Canada is nice, you moving BYE.
Did you all hear that since Obama took office, he has increased the size of the presidential teams limo fleet by 70%. Why does the Obama administraion need over 400 limosuines? My nieghbor had to trade in his Beamer for a ford focus while the presidential royalty is livin in luxury. I think hes still on vacation at Martha's Vinyard after getting all tired out at his last fundraiser.
medicalmaryjane
Well-Known Member
i don't think kids should get free healthcare before adults. no offense to parents. you're already getting a huge tax cut for having kids, you're able to claim head of household, use some of that money you get cut off your taxes to pay for your kids health. i know loads of adults who desperately need healthcare more than children. I have no sympathy for the plight of the parent, you CHOSe to breed. no one forced you. You get tax BREAKS for having kids. You get free public education. what fucken more can the taxpayers give you people!!! TAX people with kids MORE. You're not doing a service, it's a disservice
Big P
Well-Known Member
OBAMA WARNS PERRY: WATCH THE MOUTH
Perry’s Swagger on Fed May Not Play Outside Texas
In Texas, Governor Rick Perry could toss out comments about secession from the United States and allowing college students to pack concealed weapons without attracting much note beyond the state’s borders.
In his startup campaign for the White House, Perry’s talk in Iowa of wanting a chief executive who loves America and his warning to Federal Reserve chairman Ben S. Bernanke that things could get “ugly” for him in Texas if he tries additional,“almost treasonous” monetary stimulus gained instant national attention. It also raised questions about whether Perry’s rhetoric will undercut his political aspirations.
“You just can’t run around shooting your mouth off and talking about the Federal Reserve and talking about treason and getting ugly,” said Cornelius Hurley, a law professor at Boston University and a former assistant general counsel to the Fed’s Board of Governors. “That’s just not appropriate.”
Hurley, a self-described “disenchanted” supporter of President Barack Obama, says tension long has existed between politicians and the Fed, yet Perry took it to new heights.
“I have never heard the rhetoric ramped up the way Governor Perry did,” he said. “That’s a very troubling development. We expect more of our president and should expect more of our presidential candidates.”
Perry’s comment about Bernanke and his remark about the U.S. needing a president “that’s in love with America” --implying to some that he was saying Obama doesn’t -- may play well with Tea Party activists and social conservatives central to his bid for the 2012 Republican nomination. In the general election, though, such comments could pose a problem for him in swing states like Ohio and Florida, analysts said.
’Rough and Tumble’
“Texas is a big state with rough and tumble politics, but when you get to that national stage, everyone is going to be looking closely,” said Tim Hagle, a political science professor at the University of Iowa. “Sometimes you get into a bit of a culture clash with these sort of things.”
Perry’s statement about Bernanke was reminiscent of onemade in 1994 by then-Senator Jesse Helms, a North CarolinaRepublican, who said then-President Bill Clinton “better have a bodyguard” if he visited his state.
Helms was commenting on Clinton’s unpopularity among military personnel based in North Carolina. The senator later called his comment “a mistake.”
Perry stood by his Bernanke comment today, when asked about it by reporters following an event in Dubuque, Iowa. “I am just passionate about the issue and we stand by what we said,” he said, according to CNN.
Campaign Statement
Perry, during a backyard appearance yesterday in Cedar Rapids, Iowa, cautioned against Bernanke making any move to increase stimulus spending before the 2012 election.
“If this guy prints more money between now and the election, I don’t know what you would do with him,” Perry said.“We would treat him pretty ugly down in Texas. Printing more money to play politics at this particular time in American history is almost treacherous -- or treasonous -- in my opinion.”
Though Perry, 61, has been known as a disciplined candidate and has never lost an election during almost three decades in politics, his readiness for heightened scrutiny of a presidential campaign is one of the major tests he now faces.
“You never really know how people are going to perform until you see them out there,” David Axelrod, Obama’s senior strategist, said in an interview last week. “This is a guy who has never done this before. It’s harder than it looks.”
’Cowboy From Texas’
Republicans were among those viewing the Bernanke remark as a stumble. Karl Rove, a Texan who was former President George W. Bush’s longtime political adviser, chided Perry for “a very unfortunate comment.”
In an interview on Fox News, Rove said today that Perry“is going to have to fight the impression that he’s a cowboy from Texas. This simply added to it.”
Before his Bernanke comment, Perry had raised questions with remarks at the Iowa State Fair in Des Moines drawing an apparent comparison between himself and Obama.
“A guy like me can stand up on a soapbox at the Iowa State Fair and talk freely about freedom and liberty and America and that we are an exceptional country and we’re going to stay an exceptional country,” Perry said. “We don’t need anybody apologizing anywhere in this world about America. I get a little bit passionate about that. That’s OK. I think you want a president that is passionate about America, that’s in love with America.”
At the event in Cedar Rapids later, a reporter asked Perry whether he was suggesting that Obama doesn’t love America.
“You need to ask him,” Perry responded, according to ABCNews.com. “I’m saying, you’re a good reporter, go ask him.”
Texas Secession
Previous Perry statements include his 2009 suggestion that Texas might consider secession from the U.S.
The governor was appearing at an April 15 anti-tax rally in Austin, the Texas capital, where people in the crowd were yelling, “secede.” Perry responded, “We’ve got a great union. There’s absolutely no reason to dissolve it. But if Washingtoncontinues to thumb their nose at the American people, you know, who knows what might come out of that.”
Earlier this year, Perry supported legislation to permit Texas college students to carry concealed weapons on campus, a bill that failed to pass.
White House press secretary Jay Carney criticized Perry’s Fed remarks today, calling “threatening” Bernanke “not a good idea.” Carney told reporters traveling with Obama, also in Iowa, that any candidate for president should consider the impact of statements about an independent entity such as the Fed. “The Fed’s independence is important,” he said.
Perry Campaign Response
Mark Miner, a Perry spokesman, didn’t directly respond to a query for comment on whether his boss was threatening the Fed chairman. “The governor was expressing his frustration with the current economic situation and the out-of-control spending that persists in Washington,” Miner said in a statement. “Most Americans would agree that spending more money is not the answer to the economic issues facing the country.”
Sandy Leeds, a senior lecturer at the University of Texasin Austin, called Perry’s remark “completely inappropriate”and argued that the Fed’s recent policy has helped Texas.
“If anything, quantitative easing pushed money into risky assets such as oil and this has helped Texas,” he said. “The idea that the Fed shouldn’t do something when we are 14 or 15 months away from a general election has no standing.”
’Inflammatory Taunts’
Democrats quickly pounced on Perry’s statement.
“On just day three of his campaign, Rick Perry said he would have allowed the U.S. to default on its debts, and unleashed inflammatory schoolboy taunts at the chairman of the Federal Reserve,” Brad Woodhouse, spokesman for the Democratic National Committee, said in an statement. “Suddenly, the rest of the Republican field is looking positively thoughtful.”
Richard Fisher, president of the Federal Reserve Bank ofDallas, has opposed additional quantitative easing and with two other Fed presidents dissented from a pledge by the Federal Open Market Committee to hold interest rates near zero until at least mid-2013. “We’ve exhausted our ammunition, in my view,” Fisher said on July 13.
James Hoard, a spokesman for the Federal Reserve Bank of Dallas, said the bank declined to comment on Perry’s remarks.
Perry’s entrance into the race last weekend has reshaped the field, forcing former Massachusetts Governor Mitt Romney and Representative Michele Bachmann of Minnesota, who won the Aug. 13 Iowa Straw Poll of Republican activists, to compete against a brash new rival.
To contact the reporters on this story: John McCormick in Chicago at jmccormick16@bloomberg.net; David Mildenberg in Austin at dmildenberg@bloomberg.net
To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net
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Big P
Well-Known Member
Obama Is a wet blanket on the economy, the sooner he goes the sooner all our countrymens lives will be better
If obama had any Honour he would step aside, he is showing zero results and it is plain selfish for him to stick around and for him to even have the gaul to ask to be re-elected is an insult
I have more honour than he.
If obama had any Honour he would step aside, he is showing zero results and it is plain selfish for him to stick around and for him to even have the gaul to ask to be re-elected is an insult
I have more honour than he.
Big P
Well-Known Member
VACATION TIME: JOBLESS CLAIMS UP
Jobless Claims in U.S. Top Forecast
By Shobhana Chandra - Aug 18, 2011 8:43 AM ETThu Aug 18 12:43:15 GMT 2011
Job Seekers at Job Fair
Job seekers met with potential employers at a job fair in New York on August 16, 2011. More than 500 job people waited as long as two hours to enter the event.
Job seekers met with potential employers at a job fair in New York on August 16, 2011. More than 500 job people waited as long as two hours to enter the event. Photographer: Glenna Gordon/Bloomberg
Play VideoQ
Aug. 18 (Bloomberg) -- Komal Sri-Kumar, chief global strategist at TCW Group Inc., talks about the outlook for the U.S. economy and his investment strategy. Sri-Kumar speaks from Los Angeles with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)
Play VideoQ
Aug. 17 (Bloomberg) -- Albert Angrisani, chief executive officer of Angrisani Turnarounds LLC, Jay Pelosky, a consultant at J2Z Advisory, and Todd Harrison, chief executive officer at Minyanville Media Inc., talk about the outlook for President Barack Obama's proposal to boost the U.S. economy and labor market. Obama plans to ask Congress for billions of dollars in fresh spending to reduce unemployment while also proposing to take a bigger bite out of the nation’s long-term deficit. Angrisani, Pelosky and Harrison speak with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)
Enlarge image
Job seekers look at job listings on a bulletin board at the One Stop Career Link Center in San Francisco on Aug. 17, 2011.
Job seekers look at job listings on a bulletin board at the One Stop Career Link Center in San Francisco on Aug. 17, 2011. Photographer: David Paul Morris/Bloomberg
More Americans than forecast filed applications for unemployment benefits last week, signaling the labor market is struggling two years into the economic recovery.
Jobless claims climbed by 9,000 to 408,000 in the week ended Aug. 13, the highest in a month, Labor Department figures showed today in Washington. Economists surveyed by Bloomberg News projected a rise in claims to 400,000, according to the median forecast. The number of people on unemployment benefit rolls rose, while those receiving extended payments fell.
Companies like Bank of New York Mellon Corp. (BK) are paring staff, one reason consumers are limiting their spending, which accounts for about 70 percent of the economy. Unemployment at 9.1 percent helps explain why Federal Reserve policy makers last week pledged to hold interest rates at a record low until at least mid-2013 to spur growth.
“People continue to get laid off,” David Semmens, a U.S. economist at Standard Chartered Bank in New York, said before the report. “The uncertainty in the economic outlook is continuing to give hiring managers sleepless nights and is keeping businesses from expanding. We have an incredibly long way to go” to get a healthy labor market, Semmens said.
Jobless benefits applications were projected to rise from the 395,000 initially reported for the prior week, according to the median forecast of 41 economists in a Bloomberg survey. Estimates ranged from 390,000 to 420,000.
Stock-index futures held earlier losses after the report. The contract on the Standard & Poor’s 500 Index maturing in September fell 2.2 percent to 1,163.40 at 8:39 a.m. in New York. The yield on the benchmark 10-year Treasury note fell to 2.1 percent from 2.17 percent late yesterday.
Four-Week Average
Today’s data showed the four-week moving average, a less-volatile measure than the weekly figures, dropped to 402,500 last week, the lowest since April 16, from 406,000.
The number of people continuing to receive jobless benefits climbed by 7,000 in the week ended Aug. 6 to 3.7 million.
The continuing claims figure does not include the number of Americans receiving extended benefits under federal programs.
Those who’ve used up their traditional benefits and are now collecting emergency and extended payments decreased by about 43,700 to 3.66 million in the week ended July 30.
The unemployment rate among people eligible for benefits, which tends to track the jobless rate, held at 2.9 percent in the week ended Aug. 6, today’s report showed.
By State
Thirty-four states and territories reported an increase in claims, while 18 reported a decline. These data are reported with a one-week lag.
Businesses reducing headcount include Bank of New York Mellon Corp. The world’s largest custody bank plans to eliminate 1,500 jobs, or 3 percent of the workforce, after expenses surged in the second quarter. It will implement an immediate hiring freeze across most departments and reduce its use of temporary workers, consultants and contractors.
“Expenses have been growing unsustainably faster” than revenue, Robert Kelly, BNY Mellon’s chief executive officer, said in a statement on Aug. 10. “We expect our natural turnover and immediate hiring freeze will reduce the impact on existing staff” from the reductions.
Initial jobless claims reflect weekly firings and tend to fall as job growth -- measured by the monthly non-farm payrolls report -- accelerates.
July Employment
Payrolls grew by 117,000 in July, bringing the average gain over the past three months to 111,000, according to Labor Department data. That was about half the 204,000 increase on average in the first four months of the year.
The lack of a pickup in hiring and an economy that’s growing “considerably slower” than expected prompted Fed policy makers to pledge for the first time to keep the benchmark interest rate at a record low at least through mid-2013.
“Indicators suggest a deterioration in overall labor market conditions in recent months,” the Federal Open Market Committee said in a statement on Aug. 9 after its meeting. “The unemployment rate will decline only gradually toward levels that the Committee judges to be consistent with its dual mandate” of maximum employment and price stability.
To contact the reporter on this story: Shobhana Chandra in Washington at schandra1@bloomberg.net
To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net
LINKS:
Inflation rising fast...
Poverty soars under Obama...
Child rate in DC -- 29%...
Record homelessness -- in Portland, Maine...
Morgan Lynn
Active Member
Look at those jowls.This ones going to go to the supreme court...
Thundakat85
Well-Known Member
so let me get this straight. . .forcing someone to buy something they dont really want nor can they really afford is unconstitutional. . .who knew????
this makes me sick. Communities all around the country are suffering
Big P
Well-Known Member
Big P
Well-Known Member
