Page 8 - 862 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Some of the lowest rates in history and yet, foreclosure rates are high and home sales are plummeting. we have a housing market that's not working. a job market that's not working, a stock market that may or may not be working and he's not seeing the same economy. >> what in the world is he looking at. >> he says private investment and he's seen an up tick. >> absolutely not. companies are hoarding cash, not spending money, not hiring people. i don't know. >> what about this week, hearing wall street they're going on a massive hiring bent from wall street. is that what he's talking about? >> i...

Quick. it will take year to repair the damage. we spent 862 billion and unemployment would not go up. but it is higher than predicted. he sold us a bill ofs and got us to sign off on a lot of money on stim tim plans and it is not working. coming election time unemployment rate could be higher than when he is in office. american people will not be happy about that when the state of affairs is on his watch. that is a problem for him in 2012. >> estimated 8. 1 percent in 20 12. here are the headlines. north korea is once again threatening revenge if the u.s. and south korea go ahead with joint mi...

Discretionary spending. president obama asked for in the middle of the fiscal year a 12% increase in the discretionary budget not counting the stimulus bill it was his $862 billion stimulus bill. it was his bailout of the car companies, his bailout of the banks. it was his bailout of fannie and freddie, the two institutions most responsible for turning a mine 'downturn in the business climate into a roaring worldwide crisis. it was president obama who opposed when he came into the senate to the reform fannie and freddie. the american people have heard these arguments. they have been maring the...

Of spending and add $100 billion worth of tax cuts and ended up being scored by cbo at $787 billion. so he's right. the three republicans did reduce the size of the package. but then biden and the president both signed -- the president signed the bill and biden and the president extolled its virtues and said we would have a miraculous economic turn around immediately and it didn't happen. if it was such a problem, they should have said something. now, here is where it gets linky. the actual cost of the bill was recently scored by the cbo as $862 billion. they made a $75 billion mistake in esti...

>> this is joe biden, the czar of the summer of recovery trying to explain why this bill has done so badly. even today, i went on recovery.gov, which is the official web site that joe biden's responsible for. they don't reflect the total cost of the bill as being $862 billion. they still have the old number that is now like months out of date of $787 billion and i love t he says, we've got 3 million jobs on his own web site it says that the recovery bill has funded, that is to say, it's paid money out to affect 634,000 jobs. not created them, not saved them, but just funded them. so even his o...