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And already we see the negative impact it has had on business and individuals? Over a 100 waivers the WH has given because if they didn't THOUSANDS would lose their HC.
The AT&T /quotes/comstock/13*!t/quotes/nls/t (T28.55, +0.27, +0.95%) write-down is the largest reported so far. Caterpillar /quotes/comstock/13*!cat/quotes/nls/cat (CAT88.62, +1.17, +1.34%) this week recorded a $100 million charge in the first quarter and Deere & Co. /quotes/comstock/13*!de/quotes/nls/de (DE78.35, +0.05, +0.06%) said it will report a one-time $150 million expense. See previous story on industries that say warn health reform will cost them.
Among its many changes, the new health-care law eliminated a tax deduction that companies used to cut the cost of drug-benefit programs for retired workers. President Obama signed the massive health-care overhaul into law earlier this week in a big victory for ruling Democrats."
There are still a lot of minefields in the recovery. Bonds, health care, the fate of China and other world problems such as Korea and Iran. I still think there is going to be more pain in housing. If interest rates go up (and they have been) that's gonna kill any housing recovery.
Second, increasing spending and cutting taxes was exactly the same thing the Republicans did as a stimulus under Bush. In fact, the Obama tax cuts in the stimulus were bigger than those under president Bush. Let's face it, the parties aren't all that different from each other. They both talk big and deliver very little.
Someone needs to inform you that Obama has passed over $600B in NEW tax increases while he cut $350B or so in other taxes.
If you are good at math, maybe you can tell me what the net tax cut was?
MARIETTA, Ga. -- A Marietta nonprofit group that helps people pay energy bills was forced to turn away dozens of people after it ran out of funding.
The Tallatoona Action Partnership opened its doors Wednesday to find hundreds of people -- some who had spent the night in the parking lot -- waiting in line for assistance.
Yep, things are looking up in the obama economy.
Haven't you heard OP, the revisions to next year's GDP have gone steadily downward and the experts don't expect the UE rate to move much at all in 2011/2012.
While the usual right wing blowhards are employing every bit of hyperbole they can muster to tell you about the end of the world, the economy has been improving and we've got good news coming in from all over the place.
Hyperbole? No, just FACTS.
I'm sure by now you've seen the dismal jobs numbers, but here's some more good economic news.
Which was better than the 1.3% decline everyone expected.
Why didn't you highlight the 2.1% increase in September? Didn't fit your agenda I guess
Why didn't you highlight that the jobs report showed 101K less jobs created last month than economists forcasted? Didn't fit your agenda?
Sales are rising for a couple of reasons. Among them are that those who still have some money are buying big ticket items now before the threatened national sales tax is imposed and/or hyper-inflation along with higher gas taxes. Why pay more later while the value of the dollars in your savings account are shrinking now?
Why didn't you highlight that the jobs report showed 101K less jobs created last month than economists forcasted? Didn't fit your agenda?
No, I think the point is that there are a number of different reports coming out. Some are positive and some less so. For example, another report issued today was the Institute for Supply Management's November index on manufacturing activity which rose to 55.0, beating expectations. It was 54.3 the month prior.
Overall, the trend seems to be positive showing recovery but not a strong recovery. I just think its a shame when people seize on individual reports for the purpose of point scoring rather than taking a more holistic view.
No, I think the point is that there are a number of different reports coming out. Some are positive and some less so. For example, another report issued today was the Institute for Supply Management's November index on manufacturing activity which rose to 55.0, beating expectations. It was 54.3 the month prior.
Overall, the trend seems to be positive showing recovery but not a strong recovery. I just think its a shame when people seize on individual reports for the purpose of point scoring rather than taking a more holistic view.
I would agree. All reports reflect the past and not a future where taxation levels in a number of areas remain a huge question mark.
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