Uh..um.. that tax credit umm from early this year? Uh.. yeah. Give it back

[Pwozzie]

2012 can't come fast enough!

Millions will have to repay part of tax credit - Yahoo! News

[Scooter2112]

[Led Zep Fan]

Could it get any worse? Wait... Don't answer that.

The worst is yet to come: Unemployed Americans should hunker down for more job losses

Think the worst is over? Wrong. Conditions in the U.S. labor markets are awful and worsening. While the official unemployment rate is already 10.2% and another 200,000 jobs were lost in October, when you include discouraged workers and partially employed workers the figure is a whopping 17.5%.

[Pwozzie]

You honestly think the goal of this admin is to improve the economy and grow the private sector? Never let a crisis go to waste...

[Led Zep Fan]

The Chinese know better, why don't we?

James Pethokoukis Blog Archive China questions costs of U.S. healthcare reform | Blogs |

[needlespauls]

Oh what a riot. This is just too sweet lol!!! What the hell else do we have coming our way from our chosen one and friends???

[b-squared]

Got a letter from the IRS the other day...they want some of the Mortgage Interest I deducted back...to the tune of $1500...from my 2007 tax return...

Scumbags...

BB

[Led Zep Fan]

Originally Posted by needlespauls

Oh what a riot. This is just too sweet lol!!! What the hell else do we have coming our way from our chosen one and friends???

Lies.

Jobs Saved or Created in Congressional Districts That Don't Exist - ABC News

Here's a stimulus success story: In Arizona's 15th congressional district, 30 jobs have been saved or created with just $761,420 in federal stimulus spending. At least that's what the Web site set up by the Obama administration to track the $787 billion stimulus says.

Discrepancies on government web site call into question stimulus spending.There's one problem, though: There is no 15th congressional district in Arizona; the state has only eight districts.

And ABC News has found many more entries for projects like this in places that are incorrectly identified.

[brianugly]

Wow someone screwed the pooch. I don't want to be politically incorrect, but this reminds me of the term "Indian givers"...

[dennistruckdriver]

Originally Posted by needlespauls

Oh what a riot. This is just too sweet lol!!! What the hell else do we have coming our way from our chosen one and friends???

I didn't choose him.

[brianugly]

Originally Posted by dennistruckdriver

I didn't choose him.

Yeah I voted for the other guy.

[Scooter2112]

Originally Posted by Pwozzie

You honestly think the goal of this admin is to improve the economy and grow the private sector? Never let a crisis go to waste...

No. I think the goal is to inflame and polarize people to stoke class warfare and demonize capitalism. Why else would a quasi-socialist give huge bailouts to big business with no conservative support?? Why else would some banks and state govts. be forced to take TARP money?

[geochem1st]

Originally Posted by Scooter2112

Here I agree with you. The problem cited by the OP is one of confusion due to the complexity of the tax code and tables.

I wonder if the banks underwent this much scrutinity when recieving the bailouts as taxpayers now are.

[needlespauls]

Originally Posted by dennistruckdriver

I didn't choose him.

Very proud to say I didn't either!!!

[geochem1st]

Originally Posted by Led Zep Fan

The Chinese know better, why don't we?

James Pethokoukis Blog Archive China questions costs of U.S. healthcare reform | Blogs |

China has no say in the matter, or any other matter involving policy in the US. A close look at the recent banking practices of China is pretty enlightening in itself.

[JGV]

Originally Posted by Pwozzie

You honestly think the goal of this admin is to improve the economy and grow the private sector? Never let a crisis go to waste...

There's a whole lot of people that voted for this guy that will never admit things ain't working out too well. They still believe change is coming. And it is.

So, rather than look at facts, we will just hear the standard "blame it on the last guy" routine.

[geochem1st]

Originally Posted by Scooter2112

No. I think the goal is to inflame and polarize people to stoke class warfare and demonize capitalism. Why else would a quasi-socialist give huge bailouts to big business with no conservative support?? Why else would some banks and state govts. be forced to take TARP money?

Ask Bush that. He started the bailouts months before OB was in office or did you forget? Romney and other conservatives supported it.

OB has kept to the same game plan that the prior administration started in handling this problem. He has kept the same leadership in the FED RESERVE. There has been no change.

[Pwozzie]

The answer:

Americans For Fair Taxation: Americans For Fair Taxation

[Scooter2112]

Originally Posted by geochem1st

Ask Bush that. He started the bailouts months before OB was in office or did you forget? Romney and other conservatives supported it.

OB has kept to the same game plan that the prior administration started in handling this problem. He has kept the same leadership in the FED RESERVE. There has been no change.

I didn't support it when Bush did it either. Did you?

[Hawk]

Originally Posted by dennistruckdriver

I didn't choose him.

For those that did, I give you;
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[Pwozzie]

Jobs Saved or Created in Congressional Districts That Don't Exist - ABC News

[geochem1st]

Originally Posted by Scooter2112

I didn't support it when Bush did it either. Did you?

I had a very, very, reluctant support of the bailout. I understood the need for it given the entangled mess created by the derivatives issues, and crossed lines of buisness brought about by the massive derregulation of the industry. We let the Financial Industry build such a house of cards that systemic collapse was a given. All of the safeguards put in place by the generation who suffered through the Great Depression were removed.
We were at the brink of a $65 TRILLION dollar hole.

My reluctant support was given with the understanding and hope that we could rebuild the industry, and put in place sensible regulations making it safe from systemic failure again. To date this has not happened, nor does it seem to ever going to happen as long as we have the special interest lobbyists infiltrating our government.... no matter who is elected.

[Scooter2112]

Originally Posted by geochem1st

I had a very, very, reluctant support of the bailout. I understood the need for it given the entangled mess created by the derivatives issues, and crossed lines of buisness brought about by the massive derregulation of the industry. We let the Financial Industry build such a house of cards that systemic collapse was a given. All of the safeguards put in place by the generation who suffered through the Great Depression were removed.
We were at the brink of a $65 TRILLION dollar hole.

My reluctant support was given with the understanding and hope that we could rebuild the industry, and put in place sensible regulations making it safe from systemic failure again. To date this has not happened, nor does it seem to ever going to happen as long as we have the special interest lobbyists infiltrating our government.... no matter who is elected.

Then you and I are not that far apart. Only I don't see a bailout as a means to do it right the next time, given human nature. It just slowed the bleeding and put off the sacrifice to another day and most likely another generation.

The short term risk probably would have bankrupted the country, but would have definitely reformed the system... or caused enough ruckus to force that. Long term, we'd be better off.

[geochem1st]

Originally Posted by Scooter2112

Then you and I are not that far apart. Only I don't see a bailout as a means to do it right the next time, given human nature. It just slowed the bleeding and put off the sacrifice to another day and most likely another generation.

The short term risk probably would have bankrupted the country, but would have definitely reformed the system... or caused enough ruckus to force that. Long term, we'd be better off.

I have no doubt that we would have backrupted the country if all was allowed to fail. Maybe economically we would have been better off in the long run, but not national security wise.

[Pwozzie]

I was against ALL bailouts. The filth that is Goldman Sachs DIRECTLY benefited from Lehman Bros bankruptcy (no bailout?) and AIG's bailout (no bankruptcy?). BS.

[SKATTERBRANE]

I know a guy who legally borrowed money from his 401K and the law was RETROACTIVELY changed that caused him a sizable penalty.

Yep I think some here are right, Obama's mission is to sabatoge and create as much strife as possible so we WILLINGLY become a socialist state, blaming capitalism.

I cannot think of a single thing he has done that isn't just the OPPOSITE of what he SHOULD have done.

[SKATTERBRANE]

I think Obama should be tried for treason.

[Pwozzie]

Are you sitting down?

AFP: Top US lawmaker seeks jobs bill by December 18

[SKATTERBRANE]

Everytime the Government uses tax dollars for something, it get siphoned off for other reasons, and then they come back for more money to do what they promised they would do with the money the first time. (this time we REALLY mean it)

[SKATTERBRANE]

Want to create jobs? Make all trade policies reciprical with the individual country we are trading with. You impose a steep tariff on our cars and restrict how many we can export to you, we will do EXACTLY the same to you. S Korea would go bankrupt in about a week. OR they would allow Chevys freely into their country, one or the other!

Dammit, vote me for President, I will NOT be populist, I would be ruthless and efficient.