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Ear to the Ground

A Graphic Look at the State of Our Economy

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Posted on Sep 14, 2009
money bags
0-60mag.com

It’s been a year since the U.S. economy practically went to Hades in a handbasket, and since then the federal government sure has been busy trying to figure out where to allocate (read: throw) money to sort out the whole mess. Luckily, The New York Times has put together a handy graphic to help us all make sense of some of the bigger moments and movements in recent bailout history.  —KA

The New York Times:

Capital for Financial Firms

$290 Billion

In return for bailout cash, the Treasury now owns stock in hundreds of banks. The largest recipients are Bank of America ($45 billion) and Citigroup ($45 billion). Dozens of banks have returned these funds—$70.6 billion as of Sept. 11.

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By rollzone, September 15, 2009 at 12:07 pm Link to this comment

hello. Spiritgirl, my idiot box is in front of me now. you made very good comment. i agree 5 lobbyists for every Senator on the finance committee: buys legislation. a flat 15% business tax, is twice what i think reasonable: but half what now exists. regulatory commissioners, are bred in financial institutions: they are then supposed to regulate. the biggest criminals are always being spoken harshly to in public, and getting off with horrendous crimes against humankind: by paying a token fine; and allowed to continue. it has become blatant over taxation, and misrepresentation, in our central government. they completely ignore the will of the people to stop tax increases, control the federal budget, provide border security, allow free market enterprise to thrive, rebuild our highway infrastructure, our electrical infrastructure; and as time goes by the list of what in the wide, wide world of sports is going on here continues to grow. these hypocrites in office can not even pass effective drunk driving legislation to commemorate the giant lush whom just passed. their agenda appears to be using the American populace as a revenue source, for all the people in the world, that depend upon other peoples’ labors: for money for their survival. letter of the law criminal lawyers are subjugating the spirit of judicial legislation, to enable usurpers an open door to other peoples’ money; and tort reform is not even on the horizon. and i agree that Main Street has and will again be erroneously bailing out Wall Street. if the representatives push through any legislation about health care, global warming, or banking regulation: they will be misrepresenting the American people. our over taxation is a matter of record. we need 193 new jobs in the labor sector to support every new government job. growing government without allowing economic real job growth results in higher taxation. pretending our economy is on an upswing because of back to school spending and annual holiday stocking, is lying about our current economic realities. the psychology of rising gold prices and dollar devaluations may encourage Wall Street speculators that globalism is winning, but i will vote to throw every ‘shareholder interested’ giant global conglomerate out of our country before i idly sit by and watch totalitarianism get a foothold in our government. government needs to get out of economics. the angry shouting cheerleader, should return to exploring the country he was elected to serve: and leave politicking to professionals- with plans. he is better suited as a celebrity. his whole circle of Czars and clowns will not bring the value of gold back down to $300/ounce, nor will they increase the value of the American dollar. our economy depends entirely on everyone believing they must go to work tomorrow, to continue supporting the system. Americans have reached the point where they are beginning to realise, that supporting THIS system is wrong; and it will not be long before we all decide to begin staying home, and not go to work, and support this no more. a complete unionised socialist strike against the government- isn’t that what socialism is all about?

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By Spiritgirl, September 14, 2009 at 12:15 pm Link to this comment

I figure that “WE” all would have made out better if the government had provided $1 million to 250 million of “US” real taxpayers!  By choosing to bail out those deemed “too big to fail” it has only aggravated the entitled feeling that those Companies can do no wrong!  And so the Corporate WELFARE continues, in the mean time those on “MAIN STREET” are losing their homes, the unemployment lines are longer every day, and more people are fearful that the government, “our government” is no longer really trying to protect “WE THE PEOPLE”!

Make no mistake, Corporate America is using this fear to divide “US” with the help of their prostitutes in Congress, and their bought and paid media hacks!  You know them, they are the ones still pushing for “unrestricted free-markets, and tax cuts”.  Let me ask you, in all of these “tax cutting” years, if you look over your taxes year by year, exactly how much have your taxes gone down?  Cause Warren Buffet has openly said his refund is $77,000.00, yeah, that could be 1 or 2 people’s (or families) salary!

So far from believing this drizzle of low taxes, and cutting spending maybe instead of vegging out in front of the idiot box, you should check out exactly where your political representative is receiving his money from, and how that corresponds to the way he votes on bills.  You know like the bankruptcy bill that still gives Donald Trump a free pass but penalizes everyone else, or the environmental legislation that still allows the big polluters to get off, or that the health-care bill (which does not cover illegal immigrants) and is still being hindered by the obstructionists that are supposed to represent US!!

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