First things first

by TONI H - 5/2/12 3:51 AM

In Reply to: Two news stories Toni will HATE by Josh K

Dow is up because of manufacturing and a mixed batch of corporate earnings being elevated....that causes STOCK speculators to get a 'contact' high......Dow DOESN'T tell you that those same corporations are sitting on BILLIONS of their own profits and NOT investing in hiring or pumping up their own companies because of the uncertainty regarding what BO is going to do next.

It also doesn't report how those same corporations have figured it out that they are they are way better off financially to take the $2000 per employee hit on the insurance fee/tax/penalty they would pay by NOT insuring their employees any more once Obamacare takes effect.....which means that companies will save over $41 BILLION in just the first year and ten times that in ten by dumping their employees into the government exchanges. Here's a conspiracy theory for you.....do you think it's just a coincidence that corporations (those evil billionairs and millionairs) will dump their healthcare into the taxpayers lap (for the subsidies that many in the healthcare program will get) and then be 'easy' targets for BO's plan to tax those corporations even higher so they pay their 'fair share'?

Second: Car sales are up.....so what? Most of those reporting are companies that DID NOT get bailed out (like Ford, Honda, and Toyota). Tell GM to pay back their TARP money and I'll be happy. Also...have you seen the report regarding the leases for Congress and that they are all required to lease HYBRIDs even if they are the most expensive vehicles on the road? Two year lease at upwards of $1400 per month for a Lexus is ridiculous...and all at taxpayer expense again.