Our tax policies, the tax relief and reform we passed in 2003 and 2005, helped get government out of the way of America's entrepreneurs, and our unemployment rate is now lower than it was in the 1970s, the 1980s, and the 1990s.
quote by Marsha Blackburn
Submitted by Lucian Velea
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Well, our economy is very strong and growing. We have created 5.4 million new jobs in the last 3 years. Our unemployment rate is better than the average unemployment rate of the 1960s, 1970s, 1980s, and 1990s.
quote by Ric Keller
Submitted by Lucian Velea
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Interest Rate
Interest rate should be fixed
In such a manner and style
So that both the commercial banks
And their clients are benefited
But unfortunately many people
Incur loss as a result of
High interest rate
The central bank should encourage
The commercial banks
To go for investment
In the lucrative sectors
In order to create more fund
And to enable them to give more loans
And lower interest rate
For the entrepreneurs
If the commercial banks
Lower interest rate
For the depositors
The latter will not be discouraged much
Since people deposit money mainly
To keep it in a safe place
If the commercial banks
Lower interest rate
For the entrepreneurs
Many more people will take loan
As a result
Both the parties will be benefited
According to Islam
If there is more good elements
Than bad effects
Exist in a thing
It becomes halal
Therefore if most of the people are benefited
By taking loans it becomes okay
poem by Asif Andalib
Submitted by Poetry Lover
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This Is Cause For Celebration
Aren't you happy to hear,
The unemployment rate...
Has gone down.
'Let's see...
People losing unemployment benefits.
Plus those who have given up seeking work.
And those companies who have taken their employees,
Overseas to pay no taxes here at all.
Who 'had' been unemployed and documented as such.
It's great to know that!
Less jobs are being found.
And the unemployment rate,
Is going down!
It is a miracle.
This is cause for celebration.'
poem by Lawrence S. Pertillar
Submitted by Poetry Lover
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The North Sea was supposed to run out in the 1980s. Then in the 1990s. And now production is still on-line.
quote by Daniel Yergin
Submitted by Lucian Velea
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Leaves On The Line
Britain's debt hits a trillion pounds,
What we owe is rising fast,
The response from Cameron really astounds,
Everything's the fault of the past.
Youth unemployment hits a record high,
To the chancellors eternal shame,
His excuses would make a grown man cry
He claims their policies are not to blame.
Billions of pounds of new spyplanes are binned,
Aircraft carriers without one plane,
Our armed forces are being skinned,
Having no defence is utterly insane.
Utility bills are out of control,
As people are dying from the cold,
Culling the weak is this government's goal,
Be worried if you're disabled or old.
Inflation is over four per cent,
Another government pledge is broken,
But still the chancellor won't repent,
That statistic will remain unspoken.
The previous government caused it all,
They're responsible for all this fuss,
If you've got a problem give them a call,
It's got nothing to do with us.
It was all down to the winter snow,
Because it was so severe,
To the shops the nation couldn't go,
The weather had them living in fear.
Unemployment levels hit their highest for years,
Government policies didn't cause this mess,
It was the royal wedding that brought us to tears,
It's that which caused all our stress.
Our economy is now falling apart,
We've now entered another recession,
From their disastrous policies they will not depart,
They're giving us all depression.
Now it's the fault of the Eurozone,
Our austerity was caused by them,
If in doubt give them a phone,
As an excuse it's another gem.
All politicians are so alike,
They love to take but never give,
An honest one's similar to a lightning strike,
You'll never see one as long as you live.
We've heard their excuses every one,
Like their policies they're all in decline,
Our worry is that they have only begun,
What next,
‘' Leaves On The Line ‘'
Low unemployment numbers are clear indicators that Republican tax relief and economic policies are spurring growth and helping businesses hire new workers while providing American families with job security.
quote by J.D. Hayworth
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After 20 years in Congress, I still believe that smaller government and lower taxes are the most effective economic policies.
quote by Howard Coble
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During the 1970s and 1980s Gibson did use my likeness, but we never signed anything. This new Signature model is the first time we struck a formal written deal for a guitar with my name on it.
quote by Neil Schon
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We not only heard it before 20 years ago, before George Bush in 2001 passed his tax relief, before in 2003 the tax relief were past, we were told they were dead. Before we provided prescription drugs for Medicare, we were told it wasn't going to happen.
quote by Ken Mehlman
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Democrats believe we must have comprehensive health care reform that includes giving the federal government authority to negotiate lower prices with drug companies.
quote by Jim Clyburn
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Since 1994, unemployment rates are lower. Median household income is higher. A greater percentage of Americans are graduating from college. Home ownership rates are higher. And the violent crime rate has decreased.
quote by Cliff Stearns
Submitted by Lucian Velea
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Unemployment I Hate You
I was at varsity in my comfort zone.
I never knew the reality.
My dreams were unlimited.
Sky was the limit.
I never knew that today I would be
Sitting here unemployed, so hopeless
and ashamed of my self.
All my dreams are fading.
Unemployment you are the cause of poverty.
Unemployment you are the cause of depression.
Unemployment you are a poison.
Unemployment you are a disaster.
Unemployment I hate you.
To be employed it's not about how you know
But, about who you know.
Corruption, nepositism and cronyism
Are the recipes for poverty and unemployment.
Unemployment I hate you.
poem by Unknown Unpopular
Submitted by Poetry Lover
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In spite of advances in technology and changes in the economy, state government still operates on an obsolete 1970s model. We have a typewriter government in an Internet age.
quote by Matt Blunt
Submitted by Lucian Velea
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The economic recession in America wasn't caused by bad luck; it was caused by bad Republican policies. But the Republican candidates are doubling down on the same flawed policies that led to the loss of 3.6 million jobs in the final months of 2008 and gravely affected middle class families across America.
quote by Debbie Wasserman Schultz
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What I heard was that Bush is now positioned to have victory after victory. He'll have Social Security reform passed, that he'll have tax reform passed, that he'll have conservative judges on the courts.
quote by Pat Robertson
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Republicans are not going to play I-told-you-so, but it is pretty obvious that the tax reductions passed in 2003 helped Americans dig out of a recession and get back to work.
quote by Marsha Blackburn
Submitted by Lucian Velea
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When Congress passed the Help America Vote Act in 2002, I was thrilled to learn that the federal government would offer resources to all states to assist them in enhancing the voting process in America.
quote by DeForest Soaries
Submitted by Lucian Velea
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Growth Rate
Two-digit growth rate
Is essential for
Least developed countries
To come out of
Vicious circle of poverty
Within a short timeframe
But it’s not the only precondition
For higher standard of living
Of the people
Since if a LDC achieve
Two-digit growth rate
But its majority of people remain poor
The country is considered
Under-developed
Therefore
The LDCs should try their best
To eliminate unemployment
And pseudo-unemployment
As much as possible
And as soon as possible
Moreover
The LDCs should establish
Enough educational institutes
And vocational training centers
In order to meet
Requirement of skilled laborer
In home and abroad
poem by Asif Andalib
Submitted by Poetry Lover
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The relief
Food entering mouth is a relish;
Its exit from anus is a relief.
Mating is relish; orgasm is relief.
Relief is the peak of the pleasure.
26.06.2005
poem by Rm. Shanmugam Chettiar
Submitted by Poetry Lover
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Life in Paradise: 21st Century Style
2000-2001
The “dot com” bubble bursts
Recession
9/11/2001
America attacked!
Our way of life is threatened
Fear sets in
Financial institutions vulnerable!
Economy in a nose dive
What to do?
Everybody fly the flag from your home.
Save housing - Save the economy!
First, everybody needs a home.
The madness begins.
2002-2003
Create laws to increase minority homeownership
California gives birth to the ARMs* and NINJA** loans
Accounting irregularities at Fannie Mae (FNMA) & Freddie Mac (FDMAC) ***
Doors open for Wall Street to invest in Main Street
Without those pesky government regulations
Homeownership increases
...“After all ever since the Great Depression, home values have ALWAYS gone up
And everybody pays their mortgage ”…
WARNING! WARNING! DANGER! DANGER!
AREN”T HOME PRICES INCREASING FASTER THAN INCOME?
…...“No problem; it only takes a little creative mortgage financing and Wall St loves those high yielding mortgages…..
HIGHER RISK - HIGHER YIELD!
Pension funds love high yield.
Buy more and more....
…...“After all ever since the Great Depression, home values have ALWAYS gone up
And everybody pays their mortgage ”…..
WARNING! WARNING! DANGER! DANGER!
AREN”T PENSION FUNDS ONLY ALLOWED TO BUY AAA RATED INVESTMENTS?
...“Problem solved...banks pay the salaries at the Rating Agencies and Ratings Agencies in turn lower the standards to obtain a AAA rating”...
WARNING! WARNING! DANGER! DANGER!
WHO’S WATCHING THE “HEN HOUSE” WHO’S MINDING THE STORE?
...“Who cares?
Everyone is happy
Millions of new jobs created
Millions of new homeowners
Millions of dollars for bankers
Millions of dollars for Wall St
And everyone owns a home on Main St
Money is flowing
Everyone wins! ”…
WARNING! WARNING! DANGER! DANGER!
AREN”T HOMES BECOMING LESS AFFORDABLE?
2004 -2005
...“Pressure Government to create more creative loans and even lower down payments with even higher yields and make more bucks”…
A new mortgage is born, Euphemism: THE PAY OPTION NEGATIVE AM ARM Loan
...Easy to sell… You chose your own payment! You chose your interest rate! ...
WILL WALL ST BUY THESE LOANS?
….“You bet! Wall St loves these high yield mortgages. They package these loans as CDOs***** and sell them to Pension Funds, Municipalities, Foreign Governments etc
Spread the risk - Harvest the yield! …
Now Fannie Mae & Freddie Mac want back in on the action
...“After all ever since the Great Depression, home values have ALWAYS gone up
And everybody pays their mortgage ”
Everyone wins! …
The country is now infected with AFLUENZA
...“We need even more mortgages. Pressure Government to lower credit qualifications, raise borrowing limits, allow less equity positions. Let homeowners use their homes as ATMs+++”...
WARNING! WARNING! DANGER! DANGER!
WHERE IS THE SEC? WHERE IS THE FED? *****
...“Banks will police themselves” says the SEC
“Homeownership is up.
The Standard of Living is up
It is good” says the Fed...
...“After all ever since the Great Depression, home values have ALWAYS gone up
And everybody pays their mortgage ”...
CAN THIS LAST? WON”T HOMES PRICES HAVE TO COME DOWN OR INCOMES GO UP? .
2006 – 2007
Prices too high.
Average home unaffordable
Fewer home buyers.
Prices sinking
ARM’s resetting
Sub prime borrowers defaulting
Ninja loans failing.
Banks taking in less
Fewer dollars to lend
Layoffs beginning
Homes over-mortgaged
Appraising for much less
Equity gone
No equity - No sale
The downward spiral begins
Existing incomes static
Mortgage payments climbing
Homes losing value
Appraising lower
Jobs being lost
Unemployment rising
Banks failing
Wall St collapsing
Investment yields disappearing.
No way out!
2008 –2009
Elect a new administration with a RESCUE PLAN!
….“Spend more money Acquire more debt”….
WARNING! WARNING! DANGER! DANGER!
*ARM: Adjustable Rate Mortgage,
** NINJA loan: No Income, No Job or Assets
*** FNMA & FDMAC: Federal National Mortgage Corporation & Federal Home Loan Mortgage Corporation
**** CDO Collateral Debt Obligations
****** SEC: Securities & Exchange Commission & Federal Reserve System
+++ATM: Automated Teller Machine
poem by Nancy Chambers
Submitted by Poetry Lover
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