Friday, February 3, 2012
WTF Has Obama Done? - Issue No. 006 - Economy
I almost have one week down. Only 39 more weeks to go, LOL. I may have to cut these to five a week, they're so time consuming.
On today's issue I will focus on the number one issue facing our country - the Economy.
If you've been watching the news like I have all day; You would have noticed that another week of private sector jobs were added to the 22 straight weeks of employment growth. While Republicans continue to berate the President and deny seeing any type of improvement, the economy is slowly improving. Unemployment is now at 8.3% which was the case in February 2009, a month after the president took office.
But how was this possible? Well, we can thank a President who's been resilient, despite no help from Republicans in Congress. Today we'll look at one broad policy and two targeted actions (WTF-15, WTF-16) in regard to the Economy.
Stimulus raised the expensing limit - During the campaign, Barack Obama promised to extend a tax break for small businesses to give them a boost during the recession. The tax change raised the expensing limit — the amount that small companies can claim as their business expenses for investments.
A sharp-eyed reader brought to our attention a tiny provision in the American Recovery and Reinvestment Act, the economic stimulus package, that did exactly that. Section 1202 of the stimulus legislation raised the limit to $250,000. A May 2009 memo from the Internal Revenue Service confirms the change.[Reference]
Stocks rose, extending a global rally, as factory reports from China to Europe bolstered the outlook for American companies like Caterpillar Inc. The ISM’s employment gauge climbed to the highest level since 1973, indicating manufacturers may be more willing to hire as sales pick up.
“Businesses have figured out the economic recovery has legs so they’re growing more confident about expanding production and new orders and increasing hiring,” said John Silvia, chief economist at Wells Fargo Securities LLC in Charlotte, North Carolina. “Manufacturing is making a very decent contribution to growth.”[Reference]
On today's issue I will focus on the number one issue facing our country - the Economy. If you've been watching the news like I have all day; You would have noticed that another week of private sector jobs were added to the 22 straight weeks of employment growth. While Republicans continue to berate the President and deny seeing any type of improvement, the economy is slowly improving. Unemployment is now at 8.3% which was the case in February 2009, a month after the president took office.
But how was this possible? Well, we can thank a President who's been resilient, despite no help from Republicans in Congress. Today we'll look at one broad policy and two targeted actions (WTF-15, WTF-16) in regard to the Economy.
WTF-14
The American Recovery and Reinvestment Act of 2009 (ARRA): a $789 billion economic stimulus plan.
(1) To preserve and create jobs and promote economic
recovery.
(2) To assist those most impacted by the recession.
(3) To provide investments needed to increase economic
efficiency by spurring technological advances in science and
health.
(4) To invest in transportation, environmental protection,
and other infrastructure that will provide long-term economic
benefits.
(5) To stabilize State and local government budgets, in
order to minimize and avoid reductions in essential services
and counterproductive state and local tax increases. [Reference]
WTF-15
Raised the small business investment limit to $250,000 through the end of 2009.
Stimulus raised the expensing limit - During the campaign, Barack Obama promised to extend a tax break for small businesses to give them a boost during the recession. The tax change raised the expensing limit — the amount that small companies can claim as their business expenses for investments.
A sharp-eyed reader brought to our attention a tiny provision in the American Recovery and Reinvestment Act, the economic stimulus package, that did exactly that. Section 1202 of the stimulus legislation raised the limit to $250,000. A May 2009 memo from the Internal Revenue Service confirms the change.[Reference]
WTF-16
U.S. Economy: Manufacturing grew by most since 2004.
In early 2011, The Institute for Supply Management’s factory index rose to 60.8, exceeding the most optimistic forecast in a Bloomberg News survey of economists and the highest level since May 2004, figures from the Tempe, Arizona-based group showed today. Readings greater than 50 signal growth. Stocks rose, extending a global rally, as factory reports from China to Europe bolstered the outlook for American companies like Caterpillar Inc. The ISM’s employment gauge climbed to the highest level since 1973, indicating manufacturers may be more willing to hire as sales pick up.
“Businesses have figured out the economic recovery has legs so they’re growing more confident about expanding production and new orders and increasing hiring,” said John Silvia, chief economist at Wells Fargo Securities LLC in Charlotte, North Carolina. “Manufacturing is making a very decent contribution to growth.”[Reference]
As promised, I will come back to the Economy in another issue. Please make sure to read Issue No. 007 tomorrow as I continue with WTF-17
Everyday on BLADE 7184
Everyday on BLADE 7184
Another State Down, 42 More To go
Before I continue with my blogs I did want to mention an important achievement that occurred yesterday. In a move that has Washington Republicans and conservative bible thumpers screaming their lungs out - marriage for the gays was passed in the state!In a vote of 28 to 21 the Senate passed a marriage equality bill where it is expected to easily pass through the House. Once that is done, Governor Christine Gregoire will sign the bill into law!!! And for those who are unaware, she's actually the one who introduced the bill. And for that we're thankful!
We love you Christine - the gays love you!
Commercial Appearing In Another Commercial's Commercial
Way to go Old Spice and Bounce. LOL. Pure Genius.
Post Secret Fridays - Issue 093
Isn't This The Truth? Welcome Home, Son
If I was to collect a nickle for the number of times my mother asked me to fix something when I went back home, I'd be filthy rich by now. LOL. Ryan's mom is the perfect example for this comic. She's always asking for computer help. God bless her, we love her.
Our Future Is In Their Hands - Take 9
When our high school children agree that the Korean War is when we gained our Independence or when they don't know that Mexico and Canada border our United States of America, we have a serious problem on our hands.
Better yet, ask them to name a country that starts with the letter "U".
Things That CANNOT Screen for Breast Cancer and Things That CAN
Susan G. Komen is now trying to backtrack to save their asses so they can keep their money and keep fooling people. Hell no, you already showed your true colors. They released the following letter, here. Thank you Newsweek!
Men vs. Women Hygiene Products
Omg Hilarious, but it's so true. Give a straight man one of these bottles and that would be all he would need.
Disney Prince of the Week 004
In today's issue, and for the next 16 weeks I'll be posting a Disney Prince of the Week. Can you guess the movie and the name of the character who played this week's Prince?
Let's Hear It For The Lady
Of course, Ellen with her wonderful sense of humor makes the video even more enjoyable.
What a Hot Mess: Is That Sex and The City Star, Sarah Jessica Parker?
Omg, tell me this isn't so? What a hot mess! What the hell happened to Sex and The City star, Sarah Jessica Parker? I'm hoping this is for a character she's playing in a movie, and not the disaster created from a Plastic Surgeon. Who am I kidding?
I never understood why these actresses continue getting this crap done to their faces. Look at Diane Keaton and Sally Field, both have aged gracefully and beautifully.
I never understood why these actresses continue getting this crap done to their faces. Look at Diane Keaton and Sally Field, both have aged gracefully and beautifully.
No Offense To Your Name, Susan G. Komen, But Your Sister F*cked It All Up!
Most of you may remember my status update from yesterday evening, and rightly so. I'm pissed. One, because I've worked in Breast Cancer Research for over 9 years and second, because I was right all along, and I never should have contributed to this fallacy.
Yesterday evening I stated this on my Facebook wall:
Well... last night someone hacked into Komen's website and did this:
And rightly so. I've had an aunt die from breast cancer and have bought countless of "pink" items - do you really thing all that money goes to breast cancer research? It does not! But I bought them anyway in support of this foundation. Not anymore!!!
I will be looking closer at what I'm purchasing, and will even donate to Planned Parenthood to help women fight this disease.
Yesterday evening I stated this on my Facebook wall:
"I've always believed that the Susan G. Komen Foundation was nothing but a huge corporation out to get poor people's money and rich companies' contributions. At the same time, with a political agenda. Who knew I was right all along? So much for helping women with breast cancer. Screw you Susan G. Komen. Screw you! The sad part out of all this... you had to use the name of a woman with breast cancer as the name for your corporation." - Peter Flores aka Blade 7184
Well... last night someone hacked into Komen's website and did this:
 |
| "Help us run over poor women on our way to the bank" |
I will be looking closer at what I'm purchasing, and will even donate to Planned Parenthood to help women fight this disease.
Hurting women for political purposes is the worst thing you could have done Susan G. Komen, the worst thing.
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