Big Tax increases on the horizon: Obama widens lead
- Thread starter wilburbear
- Start date
Still 30 more days. McCain can pull off a turn-around. Thankfully liberals like yourself don't decide elections nor control the news anchors like they did in 2002. Times have changed. Palin could call Obama a stinky pile of horse shit and the media would condone it.
Bailout type Cost to taxpayers (Source: Reuters)
Financial bailout package approved this week up to or more than $700 billion
Bear Stearns financing $29 billion
Fannie Mae and Freddie Mac nationalization $200 billion
AIG loan and nationalization $85 billion
Federal Housing Administration housing rescue bill $300 billion
Mortgage community grants $4 billion
JPMorgan Chase repayments $87 billion
Loans to banks via Fed's Term Auction Facility $200 billion+
Loans from Depression-era Exchange Stabilization Fund $50 billion
Purchases of mortgage securities by Fannie Mae and Freddie Mac $144 billion
POSSIBLE TOTAL $1.8 trillion+
NUMBER OF HOUSEHOLDS PER U.S. CENSUS 105,480,101
POSSIBLE COST PER HOUSEHOLD $17,064+
If people are pissed about this, he will need to think twice before raising taxes.
Full article:
http://news.cnet.com/8301-13578_3-10057618-38.html?tag=nl.e433
Financial bailout package approved this week up to or more than $700 billion
Bear Stearns financing $29 billion
Fannie Mae and Freddie Mac nationalization $200 billion
AIG loan and nationalization $85 billion
Federal Housing Administration housing rescue bill $300 billion
Mortgage community grants $4 billion
JPMorgan Chase repayments $87 billion
Loans to banks via Fed's Term Auction Facility $200 billion+
Loans from Depression-era Exchange Stabilization Fund $50 billion
Purchases of mortgage securities by Fannie Mae and Freddie Mac $144 billion
POSSIBLE TOTAL $1.8 trillion+
NUMBER OF HOUSEHOLDS PER U.S. CENSUS 105,480,101
POSSIBLE COST PER HOUSEHOLD $17,064+
If people are pissed about this, he will need to think twice before raising taxes.
Full article:
http://news.cnet.com/8301-13578_3-10057618-38.html?tag=nl.e433
Fox Business TV had an NYSE trader today stating the market was getting spooked by this vicious cycle of - down markets, Obama victory, higher takes..........
http://larrysinclair.org/
http://larrysinclair.org/
Aw come on wilbur...
You know we need to flush out the Republican crap that created this house of cards. Get someone that actually has a brain in the White House. And paying a few more bucks in taxes shouldn't hurt a rich guy like you.
Also, you need to stop watching FOX Business and/or News!
Should Barak be successful, we're looking at Jimmy Carter economics reincarnated!
Quote from jonbig04:
Yeah God forbid we actually start paying that down
Beat deal is to roll it over for at least 200 years by then is will only cost 10% of what it cost now to pay off.
What we need to do is stop adding to it.
Also better to have our debt in the hands of all the worlds countries. It provides us a level of national sercurity. Makes it costly for a debt holder to attack us.
