In with the new ..Out with the old

stdreb27

stdreb27

Active Member

Originally Posted by jp30338
http:///forum/post/2976453
Yes it is, because all those who have defrauded the U.S. citizens for their own personal gain are about to get what they deserve.
For you nuts who blame bush.
Check out this article.
http://query.nytimes.com/gst/fullpag...gewanted=print
Particularly this quote from the article. Keep in mind this was written in 1999.
In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's.
What you are seeing today is the repercussions of this policy. It has very little to do with Bush. But has to do with the government creating a moral hazard. It has nothing to do with free markets. Free markets had regulated itself, and kept these high risk people out of borrowing money for homes. The Clinton administration devised a plan to work around the free market. And now you see the collaspe.
 
jp30338

jp30338

Member
Originally Posted by Veni Vidi Vici
http:///forum/post/2976514
Its irrelevant"when"its the course we are on now.Tax And spend ...New,New,New Deal only more massive,surely with the same results.
This attempt at repeating history will turn out the same way it always does.Bad for everyone except those in charge.
So the stock markets decline tjhat began before Obama is now irrelevant? So everything you statred this thread about should be irrelevant as well, since we are "on" a new course then what was going on in 1700's
 
veni vidi vici

veni vidi vici

Active Member
Originally Posted by jp30338
http:///forum/post/2976769
So the stock markets decline tjhat began before Obama is now irrelevant? So everything you statred this thread about should be irrelevant as well, since we are "on" a new course then what was going on in 1700's
First off let me offer my condolences for your apparent head injury.Obama is proposing to spend more money during his term that this country has spent sense its conception.To say he is making bad, worse would be a monumental understatement.
He is doing the exact same thing that lead us into a extended depression.He wants to spend instead of cut,he wants to increase taxes instead of reducing them.He is spending money we dont have.We are living off credit.
“The trouble with socialism is that you eventually run out of other people’s money.”
~Margret Thatcher~
 
veni vidi vici

veni vidi vici

Active Member

Originally Posted by Coral Keeper
http:///forum/post/2976802

+
http://www.youtube.com/watch?v=mUNgdcazygw
=
What will happen to you if you walk down the street in a large populated city with that music playing and you waving that flag?
Probably nothing ,i dont think half of America cares anymore,or are uninformed and dont see whats coming.
I seriously dont think America wants to become Socialist.

What happens when a citizen burns of defaces our flag now? Nothing.
Me personally i would let them know that the have the right to free speech and then commence the whoopin.
 
oscardeuce

oscardeuce

Active Member
Originally Posted by jp30338
http:///forum/post/2976769
So the stock markets decline tjhat began before Obama is now irrelevant? So everything you statred this thread about should be irrelevant as well, since we are "on" a new course then what was going on in 1700's
What new course do you mean? The course toward Marxism/socialism/communism?
What was wrong with the course of the 1700's? That course was toward liberty, and a small gov't.
I'm curious, have you ever paid taxes, dealt with gov't leaders, had to fill out forms in triplicate to make some appointed yahoo happy?
Where do you get your belief we were on the wrong course coming out of the Revolution?
 
sickboy

sickboy

Active Member
Just one observation about the Dow Jones- Once you figure out what it is, you will understand why it has NOTHING to do with the economy most of the time.
Last year when the economy was "great" people were talking about the DJIA not actual economic indicators, now when the economy is in the "gutter" people are talking about the DJIA not the economy. If you take a more conservative view of the economy you will see people have been drastic lately, and wall street is just whining.
 
sickboy

sickboy

Active Member
Originally Posted by Veni Vidi Vici
http:///forum/post/2976805
Obama is proposing to spend more money during his term that this country has spent sense its conception.To say he is making bad, worse would be a monumental understatement.
He is doing the exact same thing that lead us into a extended depression.
I can tell you there are WAY more economist that say the New Deal helped than there are ones that say it hurt, so it depends on who you ask.
Originally Posted by Veni Vidi Vici
http:///forum/post/2976805
He wants to spend instead of cut,he wants to increase taxes instead of reducing them.He is spending money we dont have.We are living off credit.
I'm sorry, are we talking about Bush or Obama? Seems to me Bush was running on credit. and the american people have been running on credit for far too long. I don't like this massive "stimulus" crap, but really? You talk as if Bush didn't blow our budget surpluses and put us in record deficits...
 
veni vidi vici

veni vidi vici

Active Member
Originally Posted by sickboy
http:///forum/post/29776
I'm sorry, are we talking about Bush or Obama? Seems to me Bush was running on credit. and the american people have been running on credit for far too long. I don't like this massive "stimulus" crap, but really? You talk as if Bush didn't blow our budget surpluses and put us in record deficits...
Im not putting the current economic hardship on Obama im saying hes going to make it much much worse.There is much blame to go around for all out leaders.Tax and spend does not work.Hes planning on doing both in record levels.
 
stdreb27

stdreb27

Active Member
Originally Posted by sickboy
http:///forum/post/2977650
I can tell you there are WAY more economist that say the New Deal helped than there are ones that say it hurt, so it depends on who you ask.
Not really. Unless all you are reading is stuff produced by "progressive" think tanks. Or Keynesians, and there aren't that many of them anymore, there are just really powerful ones.
 
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