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Post Number: 31
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alcitizens
Albert Lea
Group: Members
Posts: 3664
Joined: Jul. 2009
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Posted on: Jun. 12 2012,4:47 pm |
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The reason for an 8.2 unemployment rate is because of shrinking public sector(Government) jobs..
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Post Number: 32
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Self-Banished
Group: Members
Posts: 22567
Joined: Feb. 2006
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Posted on: Jun. 12 2012,6:32 pm |
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^ oh my God, what a crock of sh!t. It's sad sad day when Gov. Employment has that much sway. Wis. is a start, let's continue from there.
-------------- Remember boys and girls,
Don’t be a Dick …
Or a “Wayne”
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Post Number: 33
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Rosalind_Swenson
Group: Members
Posts: 1527
Joined: May 2011
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Posted on: Jun. 12 2012,7:11 pm |
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(MADDOG @ Jun. 05 2012,12:39 pm)
QUOTE This essentially gave the Federal Reserve full control of our money. No longer was our paper money worth it's value in gold. No longer was the Federal Reserve there to supervise our monetary system. Now they had ultimate control of it. During the financial crisis, at least 18 former and current directors from Federal Reserve Banks worked in banks and corporations that collectively received over $4 trillion in low-interest loans from the Federal Reserve.
1. Jamie Dimon, the Chairman and CEO of JP Morgan Chase, has served on the Board of Directors at the Federal Reserve Bank of New York since 2007. During the financial crisis, the Fed provided JP Morgan Chase with $391 billion in total financial assistance. JP Morgan Chase was also used by the Fed as a clearinghouse for the Fed's emergency lending programs.
2. Jeffrey Immelt, the CEO of General Electric, served on the New York Fed's Board of Directors from 2006-2011. General Electric received $16 billion in low- interest financing from the Federal Reserve's Commercial Paper Funding Facility during this time period.
3. Stephen Friedman. In 2008, the New York Fed approved an application from Goldman Sachs to become a bank holding company giving it access to cheap Fed loans. During the same period, Friedman, who was chairman of the New York Fed at the time, sat on the Goldman Sachs board of directors and owned Goldman stock, something the Fed's rules prohibited. He received a waiver in late 2008 that was not made public. After Friedman received the waiver, he continued to purchase stock in Goldman from November 2008 through January of 2009 unbeknownst to the Fed, according to the GAO. During the financial crisis, Goldman Sachs received $814 billion in total financial assistance from the Fed.
4. Sanford Weill, the former CEO of Citigroup, served on the Fed's Board of Directors in New York in 2006. During the financial crisis, Citigroup received over $2.5 TRILLION in total financial assistance from the Fed.
5. Richard Fuld, Jr, the former CEO of Lehman Brothers, served on the Fed's Board of Directors in New York from 2006 to 2008. During the financial crisis, the Fed provided $183 billion in total financial assistance to Lehman before it collapsed.
6. James M. Wells, the Chairman and CEO of SunTrust Banks, has served on the Board of Directors at the Federal Reserve Bank in Atlanta since 2008. During the financial crisis, SunTrust received $7.5 billion in total financial assistance from the Fed. Etc., etc: http://www.pdfdownload.org/pdf2htm...one.pdf
-------------- And the light shines in the darkness, and the darkness did not comprehend it.
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Post Number: 34
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Post Number: 35
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Self-Banished
Group: Members
Posts: 22567
Joined: Feb. 2006
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Posted on: Jun. 13 2012,5:10 am |
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(alcitizens @ Jun. 12 2012,8:56 pm)
QUOTE (Self-Banished @ Jun. 12 2012,6:32 pm)
QUOTE ^ oh my God, what a crock of sh!t. It's sad sad day when Gov. Employment has that much sway. You talk big so prove it.. I love it when teabaggers say statistics are full of crap without any facts.. You really think people are going to read your moronic post and think that information from the U.S. Bureau of Labor Statistics is false.. http://www.bls.gov/home.htm580,000 public-sector(government) jobs were LOST from the time Obama took office until now. 4,300,000 private-sector jobs were GAINED OR CREATED from the "trough" of the recession until now. Gov. Holidays like MLK day or Columbus days are work days I look forward to. In my estimation traffic reduces 25-30%. This is from experience.
I'm always curious about the city of Mpls. They seem to own every piece of construction equipment on the face of the planet including a lot of highly specialized stuff. They don't contract out much, most of their work is all in house. Takes a lot of tax dollars to buy and maintain that equipment, even if it only gets used once or twice a year. It also takes highly trained personal to run this equipment and insurance and pensions and so forth.
This work can and should be contracted out, less gov. Employees and more private enterprise.
My research is what I observe out in the real world, you ought to try it sometime Al.
-------------- Remember boys and girls,
Don’t be a Dick …
Or a “Wayne”
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Post Number: 36
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hymiebravo
Group: Members
Posts: 4989
Joined: Jan. 2006
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Posted on: Jun. 13 2012,8:25 am |
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Post Number: 37
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Self-Banished
Group: Members
Posts: 22567
Joined: Feb. 2006
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Posted on: Jun. 13 2012,9:08 am |
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^ I guess you don't like the real world either. When you pull your head out is there corn on your glasses?
-------------- Remember boys and girls,
Don’t be a Dick …
Or a “Wayne”
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Post Number: 38
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Rosalind_Swenson
Group: Members
Posts: 1527
Joined: May 2011
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Posted on: Jun. 13 2012,9:24 am |
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Boys, boys. Don't make me have to pull this car over.
-------------- And the light shines in the darkness, and the darkness did not comprehend it.
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Post Number: 39
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Glad I Left
Group: Members
Posts: 2303
Joined: Aug. 2005
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Posted on: Jun. 13 2012,9:40 am |
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I must say, that they need to get their own thread and work it out. Is getting pretty old. I thought Cybil was bad
-------------- After we screw up health care reform, let's take on the initiative of unscrewing the education system (gov't education) Tacitus: (c. 56 AD-c. 117) "The more corrupt the state, the more it legislates."
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Post Number: 40
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