Really new Obamacare numbers

Wrong JD. AIG lost a record 62 billion dollars in the 4th quarter of 2008. There would not be a need to give them 250 billion dollars in bailout money if they had assets. AIG had over 74 million insurance policies enforce all over the world. There is no way that they could cover that insurance with the losses they suffered trading unregulated securities.

http://www.cnn.com/2009/US/03/15/AIG...ist/index.html Originally Posted by flghtr65
Some of the firms you named, like WFC, did not go bankrupt and were not in danger of going bankrupt. Some would have gone bankrupt, like AIG, if it weren't for the bailout. Others, such as GM and Chrysler essentially did go bankrupt.
This is obviously an example of slow drying paint!

Yssup Rider's Avatar
Oh. you're "proving it" with bullshit from a RWW blog? makes perfect sense! you blithering heap of parrot droppings.
lustylad's Avatar
Oh. you're "proving it" with bullshit from a RWW blog? makes perfect sense! you blithering heap of parrot droppings. Originally Posted by Yssup Rider

So you think the official BLS data (for U-6) are "bullshit"? Got anything more reliable for us to look at, dipshit?


http://www.macrotrends.net/1377/u6-unemployment-rate
lustylad's Avatar
If is ok for the government to bail out Wall street after they lost all of their money trading unregulated securities, it should be ok to help John Dough on Main Street... Republicans are insensitive to the unemployed. The republicans did not have a problem giving AIG a 250 billion dollar TARP loan, the largest of the TARP loans that the government gave out. The democrats voted to extend unemployment benefits, the republicans should too. Originally Posted by flghtr65
Hey flighty, nearly all of that TARP money was repaid to the Government with interest. As a result, the US Treasury wound up making a profit on TARP. If we keep allowing the unemployed to collect benefits for up to 96 weeks, will they pay any of this money back?
LexusLover's Avatar
This is obviously an example of slow drying paint!
Originally Posted by bigtex
This is an example of DRIED PAINT ... All dried up ... and peeling one layer at a time.

flghtr65's Avatar
Hey flighty, nearly all of that TARP money was repaid to the Government with interest. As a result, the US Treasury wound up making a profit on TARP. If we keep allowing the unemployed to collect benefits for up to 96 weeks, will they pay any of this money back? Originally Posted by lustylad
Why should innocent people who lost their job as a result of unethical and unlawful behavior of Wall Street (Brokerage houses, Banks, Mortgage Lenders) be forced to give the money back. They should not have lost their jobs in the first place. The Wall street meltdown created the recession. The unemployment benefits that they receive will just go right back into the economy.
lustylad's Avatar
Why should innocent people who lost their job as a result of unethical and unlawful behavior of Wall Street (Brokerage houses, Banks, Mortgage Lenders) be forced to give the money back. They should not have lost their jobs in the first place. The Wall street meltdown created the recession. The unemployment benefits that they receive will just go right back into the economy. Originally Posted by flghtr65
Now you're making a different argument than bringing up the TARP money. I have no problem with unemployment benefits. They normally last up to 26 weeks, which is probably the right duration. I do have a problem with paying them for up to 96 weeks when we are in the fifth year of an (admittedly Odumbo-stunted) economic recovery.
JD Barleycorn's Avatar
Why should innocent people who lost their job as a result of unethical and unlawful behavior of Wall Street (Brokerage houses, Banks, Mortgage Lenders) be forced to give the money back. They should not have lost their jobs in the first place. The Wall street meltdown created the recession. The unemployment benefits that they receive will just go right back into the economy. Originally Posted by flghtr65
Are you saying that all of the failure was criminal and none of it was out of sheer stupidity? You look a little red around the color.
LexusLover's Avatar
It appears that LL should give some serious thought on how to gracefully weasel his way out of the corner he painted himself into.

Perhaps he should consider turning himself into a cockroach and walk on the walls. Originally Posted by bigtex
Speaking of disgusting bugs ....

http://ireport.cnn.com/docs/DOC-80312

I picked CNN (for obvious reasons). BT .. would you prefer the Chronicle?

Hilary was in the White House then ... when the economy tanked ...

... hoarding shoe boxes of cancelled checks she could not find in her closet....

....after her husband was able to get his knob polished in the other end of the house ..

...without her knowing about it.
flghtr65's Avatar
Now you're making a different argument than bringing up the TARP money. I have no problem with unemployment benefits. They normally last up to 26 weeks, which is probably the right duration. I do have a problem with paying them for up to 96 weeks when we are in the fifth year of an (admittedly Odumbo-stunted) economic recovery. Originally Posted by lustylad
The right argues that the real unemployment rate is 15% and you don't want to extend
unemployment benefits for the long term unemployed? In December 2008 the USA was in the worst recession since the great depression of 1929.
RedLeg505's Avatar
The right argues that the real unemployment rate is 15% and you don't want to extend
unemployment benefits for the long term unemployed? In December 2008 the USA was in the worst recession since the great depression of 1929. Originally Posted by flghtr65
So which is it flghtr65? Is the "right" wrong about real unemployment being at 15%? Or is Obama right that "the economy is getting better" and we're about to have that long sought (Called for in Summer of 2010, then 2011, then 2012, then 2013) Summer of Recovery 2014? If Obama is telling the "truth".. why then do we need "emergency CRISIS" extension of unemployment benefits for the 12th time since Obama took office?

SO..which is it? Is the economy getting better or not?
The right argues that the real unemployment rate is 15% and you don't want to extend
unemployment benefits for the long term unemployed? In December 2008 the USA was in the worst recession since the great depression of 1929. Originally Posted by flghtr65
More excuses and deflection flighty? Give it up.
Doove's Avatar
  • Doove
  • 02-19-2014, 04:17 AM
Or is Obama right that "the economy is getting better" and we're about to have that long sought (Called for in Summer of 2010, then 2011, then 2012, then 2013) Summer of Recovery 2014? If Obama is telling the "truth".. why then do we need "emergency CRISIS" extension of unemployment benefits for the 12th time since Obama took office? Originally Posted by RedLeg505
If you're too (willfully) ignorant to understand how both could be the case, there is no point in carrying on.