Now the stock market has gone up 20% + and keep going up, and the companies are showing profit for the first quarter.
Banks are going to pay back bailout money (yes you heard me)
People are refinancing their homes and banks are starting to lend out money again.
Oh yeah lets not forget that 95% of the American people are enjoying their tax cut.
------------
was not obama's foul that caused the crash...been building for a long time (not just 8 years...more like 30-40). his programs have just tripled down on terrible bush policy
banks reported fraud earnings. CITI showed 1.6 gain b/c of a 2.5b accounting gimmick...Wells the same. Goldman Sachs forgot to report december's 1b loss in their most recent quarter. the rest of the big banks got paid through the AIG conduit bailout (they were on the other side of AIG losing trades. AIG wound down a lot of their portfolio in Jan/Feb and the taxpayer covered the losses by covering AIG. those who won on the trade collected taxpayer money!!!!! all the while, our fearless leaders whined about 165M in bonuses while 180B was being stolen from us)
obama is not allowing big banks to pay back tarp money yet...yes you heard me
people can only refi if they have 20% equity (slims the pool a bit) and foreclosures are at an all time high and gaining speed (this is good...supply needs to flood the market to lower prices to make things affordable)
95% of americans (working/not working) get an extra $8 every week. WOO HOO!. i still cant figure out who is paying for the 10 TRILLION in committments in Obama programs.
dont assume i want obama to fail...i dont. i live here also. his programs will fail unfortunately and bankrupt our country. keynesian theory is a joke and
our country can no longer support our debt levels which means we are broke and own more than our yearly GDP. Moody's should downgrade american debt to A from AAA. oh i forgot to mention the 50 TRILLION in unfunded "entitlements" like SS, medicare, medicaid, welfare, stamps, VA rights...all of it.
we are broke and the greatest joke of all time is that our Treasury is yielding under 4%. that should be at 8
i dont care who does the right thing, D or R...the D's have it all wrong and the R's mostly do save for about 3 of them which means the whole 535 need to be tarred and feathered at the national mall