$16,000,000,000,000 in secret bailouts??? (Yes, trillion)

[mrsleeve]

I run a small business and am part owner in a startup company for medical devices. You can say I'm a business owner with fiscal security. I can say that the new healthcare bill, what you guys like to call "Obamacare" will be very beneficial to both companies, according to our accountant and lawyer. I have already seen a great tax credit last year as a result of Obama's "stimulus" package. That money was invested back into the economy.

How many employees you guys have??? You provide HC already for them ??? Is it O-care compliant???? I assume your products have been priced accordingly to include those costs, and you can raise your prices if need be as all your competitors will have to do similar so it only hurts, the consumer who has to absorb those additional costs that you have charge.

Secondly, this is the first time in american history where the government is intentionally cutting spending during a recession (thanks tea party). Talk about a job killer. The majority of economists say that government should be spending more in the short term during a recession. That has become so politically unpopular that now congress is doing the exact opposite of what should be done. The economy will likely suffer as a result and guess who gets blamed.

Ummm yeah after spending a good TRILLION dollars to stimulate the economy and create jobs, at a cost of 400k a pop that paid people like 50k.

You dont govt spend you way outta a recession, this is why the last great depression was 10 long years here and 3 in the rest of the world. Govt trying to engineer the way out, what we have been doing for the last 3 years have NEVER EVER worked in the history of time, why do you think its going to be any different this time.

keynesian economic models, are bogus and only lead to where we are.

I would say the major disappointment with Obama is that he promised a fundamental change to the culture of Washington and we now realize more than ever that the only ones that can change that culture is the American voters and big business, not any one person. Given that, I don't think any president would have made much better choices given the circumstances. Even if you don't like him, at least he has been way more pragmatic than his predecessor.

No his idea of fundamental change was not one for Washington process (like Madam nana was gonna drain the swamp right?) it was for America in general and to step up the process of moving to a more democratic socialist state, from our founding principals.

I have already gone into great detail with you on several occasions on these topics, if you really want to continue to keep your head buried in the sand than you go right a head.

[Vedubin01]

I am part owner in a startup company for medical devices.

No more comments...

[nando]

I'm not really sure where these #s are coming from. Are they loans? Aare they even real? this site doesn't exactly smack of credibility. it's obviously critical of the fed. Most fed critics dont' even really seem to understand what the Fed is supposed to do. It sounds to me like they've just been doing their job.

[mrsleeve]

^

Well here is the GAO audit report PDF

http://sanders.senate.gov/imo/media/doc/GAO%20Fed%20Investigation.pdf

and Bernie sanders web site

http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3

And the fed is supposed to make money for those few families that OWN IT, nothing more nothing less

[NKRoberts]

I run a small business and am part owner in a startup company for medical devices. You can say I'm a business owner with fiscal security. I can say that the new healthcare bill, what you guys like to call "Obamacare" will be very beneficial to both companies, according to our accountant and lawyer.

You are the first business owner that I have heard say this. Every other business owner I have talked to (I have talked to about 25+) have said the complete opposite. I would suggest a new accountant and a new lawyer.

[mrsleeve]

^
1st and only here as well, most everyone I know (my bosses included) are hoarding cash like a MOFO, and digging in for 0-care. In fact my bosses want to spend about 3-5m on new equipment above just replacing our wore our junk and expanding to about 50+ crews in the field. But with 0-care, the EPA, and uncertainty about what stupid fucking thing the bureaucrats are gonna pull next, my bosses are just sitting on the money and the credit lines and not risking it.

[Ryan Stewart]

You are the first business owner that I have heard say this. Every other business owner I have talked to (I have talked to about 25+) have said the complete opposite.

Then you haven't listened. The bill is poorly structured (which is common when you have to ram something through without refining it) and the result is, in many cases, companies that already provide health insurance to employees can save money by canceling it, paying the penalty and sending them to the govt exchanges:

http://www.politico.com/news/stories/0510/36926.html

That is why a bill that was originally thought to be in the black by the CBO is in real risk of immediately going red. When many plans are $9k and above (mine is almost $9800 provided by employer) they could save ~$7k a year pushing me to the exchange.

So the plan benefits those who dont have it now but could impact people who already had employer provided insurance. Hopefully my company sees that as a selling point, to keep superior insurance. Either that or let me book the savings in my account (given how young this company is I wouldnt be shocked).

[mrsleeve]

^

Shit your right I thought it seemed a little low when I was typing that up . I dont remember where I pulled the number from, but obviously I was looking at the wrong line

2,339,250 is the correct number. Oh well point is still a drop in the bucket.

[xikyle]

we are totally absolutely fucked. so buy a cabrio and a gun and shoot the gun from the cabrio at lesser cars. then run from the police because its all coming to a screeching halt anyways.

The government is a ludicrous concept that only works if it is either autonomous or all inclusive.