Not in your wildest dreams would McCain/Palin have pulled this garbage.
I will refrain from commenting as it my get me banned from this site!!
Take a deep breath there fella.
Just curious, am I reading this correctly??
You get what you pay for. Need I remind folks that both PA and OH (which are the lion's share of this website) voted for this man as our president? We share the blame for this mess.
I know I didn't vote for "them" !!! Uneducated useless Americans. I hope I don't offend anyone :)
I am just saying if true, 3.8% of everyones OnG royalty in the country is alot of money.
Actually, Dorothy, I don't know anyone who isn't in worse financial shape today than we were pre-2008. Have you been to the grocery store or the gas station since then?
Keep researching. The financial crisis in 2008 was the result of a credit crunch caused by the housing bubble. What caused the housing bubble? A rapid spike in home ownership. Why? Congress passed a law which threatened banks to make bad loans to people with low credit scores. Over time these loans grew and became significant. While at same time, home builders could not keep pace for new building. It was a bubble created by Congress, In earrly 2000's Congress had several investiations warning of the problem that would happen if not stopped. Of course nothing was stopped and the bubble exploded. This is the stuff you blame on Bush.
There should have been a recovery. There hasn't been because of no confidence in the financial markets. Why? The GM deal which throw standard laws out the window, and investors have been spoked. How can you invest when the govt employees are changing the rules to suit their own purposes?
If you want a recovery, you need an executive branch which will enforce the laws - not break or create new ones.
also, delphi non union retirees had their pensions terminated by the administration. only the P.B.G.C. is allowed to intervene in pensions. obama and geitner illegally interfered in the pbgc's rulings. the pbgc rep lied in front of congressional hearings ,claiming that the pbgc made the decisions. e-maols later confimred that geitner wacked them. nothing was done,noothing pursued,because eric holder is the law now.
So true. I had a client (I was a self employed tile contractor at the time) who was a Delphi retiree. He was all excited about the tile installation we were going to do. Then he learned that he had just lost most of his pension, thanks to Obama. Good bye tile job. He didn't think it wise to spend the money in view of the facts.