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- Chuck Schumer is one of the most-impressive, intelligent senators we have had in decades. Thank you Senator Schumer!
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- The US Trade-deficit went from $84 billion to $816 billion a year, thats almost a 1000% increase in imports over exports. "The U.S. Department of Commerce estimates that every $1 billion of trade equates to 14,000 U.S. jobs." $816 billion X 14,000 = 11,424 of lost US jobs that are a direct cause of unfair and unbalance trade. Congress needs to stop playing dumb and address the real problem.
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- It's all a show.
Wall street is doing quite well, recession has been over for years....
the cost is only human.
Humans are expendable....thanks to all those that made this New World Order. - Reply to this comment
- Quoting an article
"The offshoring of the US economy to China was an important component in China's unprecedented high rate of economic development. American capitalists got their short-run profits, and China got the capital and technology to build an economy that in another 2 or 3 years will have surpassed the sinking US economy. Jobs offshoring, mistaken for free trade by free market economists, has built China and destroyed America."
Above is a summary of Reaganomics and hailed by both parties - Reply to this comment
- Interest rates low, be prepare to bail out banks when the economy picks up. Prepare to counter heavy inflation when unemployment drops. But as the FED, you only thing you really can do is print paper, it will work. But wait until January, or even Mid-November, Congress might even do something besides to ask you.
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- Congress [GOP dung party] has stonewalled every job creating bill that has come forward. They insist that the low tax rates on the wealthy job creators will be the answer.
They are just letting national debt accumulate and watching the rich get richer. If low tax on job creators worked, we would be covered up in jobs for everyone. It does not work and will never work.
As long as GOP continues to block major job bills and tax increased tax rates on the wealthy, we will continue to suffer . . . that is until the revolution. When the revolution comes it needs to clean out all of congress first, then the senate, and then whoever.
W was the decider and he was also the divider, often referring to his friends as the haves and have mores. He never cared for the common man except to tolerate them, even though he was the most common of men and certainly mediocre as a thinker, and possibly the dumbest president we had in recent decades.
What the GOP has shaped with endless talking heads on radio and TV daily spewing forth such venom and vile criticism that the whole country is now in a bitter conflict based on party lines.
If it ever gets settled, there will be generations of hard feelings, much like the civil war, and America will have to deal with that. All because of some greedy and power hungry wealthy people, GOPs, and Baggers. - Reply to this comment
- Ridiculous. In reality there's little Bernanke CAN do, interest is at rock bottom. We live in global economy so what happens in other countries is going to impact our economy like it or not. Congress is mired in gridlock and businesses are not hiring in great numbers as they can still squeeze more out of their existing staff. Nothing is certain in business so the "uncertainity" excuse is just that. DEMAND creates jobs. Congress won't pass any sort of jobs bill as that would mean they actually had to compromise and DO SOMETHING. Congress needs to GET TO WORK with each party giving a little instead of all the finger pointing.
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- "Chuck Schumer, D-NY, tells Bernanke not to expect much from Congress"
"Don't expect much from Congress". Truer words were never spoken. - Reply to this comment
- "Bernanke's midyear report to Congress on the economy comes as job growth has slumped, manufacturing has weakened and consumers have cut back on spending." Mr. Bernanke's genius action of keeping the key interest rate close to zero since 2008 and its sole purpose is so that consumers can borrow cheap loan and spend it; also the businesses can borrow cheap loan and expend by hiring more folks who needed jobs badly. Come on that deal is in existence since 2008 and what excuse for both consumers and businesses not fully take advantage of that great deal? The reality - it hasn't worked since 2008. Mr. Ben Bernanke is living in his own ivory tower and failing to recognize his policies are not helping the consumer spending a bit since 2008 and yet he's stubborn enough to pledge to keep low interest rates to at least 2014 no matter what! May God have mercy on the populace that suffered since 2008. And thus I blame Mr. Obama for awarding Second term of the FRC to the clueless and incompetent Ben Bernanke for this economic disaster and I for one as the many Independent voters will not vote for Mr. Obama again!
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- Here is an example of good federal government regulators. The federal coal mine inspectors recently did a surprise blitz in Kentucky. They found an astronomical number of safety violations. It was embarrassing that the state government was not doing its job. We now have a new head of the state inspections. A person that isn't connected to the coal industry. He ordered a blitz of inspections and found a ton of violations. Now if the legislative branch of both governments would pass laws with bite in them, these coal operators would have to pay their fines instead of just closing the mine and opening another. Government works for the good of the people. Business might complain, but many robber barons are in it for themselves.
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