Republican Candidates

[rylan1]

Originally Posted by 1journeyman
Rylan, this goes back to the fundamental difference you and I have.
I believe individuals need to take responsibility for their own actions. You believe the government needs to step in and aid people.
If you buy a house it is YOUR responsibility to understand the loan you are AGREEING too. If a person is too uninformed to read and understand their loan agreement then maybe home ownership isn't the best idea for them right now.
Nationwide may very well be laying off people in fear that the government is going to step in and not allow them to forclose on homes they now legally own?
Energy prices have absolutely nothing to do with the President. If you believe Hillary when she says she will lower fuel prices you need to study the global market a bit more. She's already expressed an interest in a "windfall" tax on the oil companies for making large profits. Taxing oil companies will drive them out of the USA, prevent them from spending excess profits on new technology and prevent them from exploring for new oil fields. Surely you don't actually believe this will lead to a lowering of gas prices...
Less reliance on foriegn oil will lower oil prices. If I were Prez.. I would only offer Oil Companies incentives for alternative fuels and for domestic exploration or new technology. If you have $40 Billion in profit... I think you could afford to pay a little more tax. The president imo does have control over oil... it may be indirect... meaning he/she doesn't set the price. But remember what just happened earlier this week when he met with Saudis and OPEC leaders about putting more oil on market. IMO I think the increasing price of oil can be contributed to foreign gov'ts realizing the power they have in affecting the US economy.
As far as Nationwide goes its an insurance co and they don't own homes and as I mentioned Bush is asking for a $145 Billion Ecomomic Boost plan.

 

[rylan1]

Originally Posted by 1journeyman
Exactly... the economy is slowing down... no question. A Recession is a bit of a stretch, however.
The media needs something to beat up on the Republican Administration for though.... What's funny is how long it took the media to admit we were in a recession as Clinton left office, yet how quick they are to jump on this one.
A streach? It doesn't seem that way... it seems it is getting pretty serious. Bush is asking for a $145 Billion plan.... As far as recession in early 2000's... They were calling those "Bubbles" . I don't think this is a situation where dems and repubs ar trying to blame one another.

 

[1journeyman]

Originally Posted by Rylan1
...
As far as Nationwide goes its an insurance co and they don't own homes and as I mentioned Bush is asking for a $145 Billion Ecomomic Boost plan.
Rylan, Rylan, Rylan... Nationwide Home Loans
Edit: Hmm, link won't work. Go to Nationwide's home page, click on "banking" and scroll down to mortgages.

 

[stdreb27]

Originally Posted by Rylan1
A streach? It doesn't seem that way... it seems it is getting pretty serious. Bush is asking for a $145 Billion plan.... As far as recession in early 2000's... They were calling those "Bubbles" . I don't think this is a situation where dems and repubs ar trying to blame one another.
No they actually called it a recession, we still had 2% growth. They had to redefine recession to get one. Come on, show me why they are saying recession? Show me the economic indicators. Don't tell me because oh their is a recession, then say because nationwide is laying off 1000 people. Or because of "record forclosures." It is just silly.

 

[rylan1]

Originally Posted by 1journeyman
Rylan, Rylan, Rylan... Nationwide Home Loans
Edit: Hmm, link won't work. Go to Nationwide's home page, click on "banking" and scroll down to mortgages.
Ya okay... I am talking about Nationwide Insurance as in State Farm or Geico.
Secondly, what do you think about Citigroup and Merril Lynch going to China, Korea, Saudi Arabia to get $20Billion in relief funds?

 

[rylan1]

Originally Posted by stdreb27
No they actually called it a recession, we still had 2% growth. They had to redefine recession to get one. Come on, show me why they are saying recession? Show me the economic indicators. Don't tell me because oh their is a recession, then say because nationwide is laying off 1000 people. Or because of "record forclosures." It is just silly.
I don't have to show you anything. There is enough out there for you to see it for yourself that economists, the Fed, and our gov't is fearful that recent indicators are showing that we may fall into a recession unless something is done immediately. You act as if I am coming up with this stuff on my own.
I don't know if we are in one or not...the economy is a difficult thing to interpret. But if we weren't in trouble or heading toward a possible recession... than Bush would not be asking for a $145 billion economic stimulis plan. Why the Fed is lowering intrests rates, why leading banks are asking for assistance and so on.

 

[stdreb27]

You don't think that these multi-billion dollar buyouts of the banking industry are good? The foreigners wouldn't be dropping that much money in our system if it was going to get "worse." And they wouldn't be, if they thought our dollar was going to continue to drop. This is a classic buy cheep and sell high case.

 

[stdreb27]

Originally Posted by Rylan1
Bush would not be asking for a $145 billion economic stimulis plan.
(it is a sneak tax cut)
You didn't make it up on your own, others have.
edit:
There are always economists going out on a limb and saying recession.

 

[rylan1]

Originally Posted by stdreb27
You don't think that these multi-billion dollar buyouts of the banking industry are good? The foreigners wouldn't be dropping that much money in our system if it was going to get "worse." And they wouldn't be, if they thought our dollar was going to continue to drop. This is a classic buy cheep and sell high case.
Its not good that our banks are going to foreign gov'ts

 

[1journeyman]

Originally Posted by Rylan1
Ya okay... I am talking about Nationwide Insurance as in State Farm or Geico.
Secondly, what do you think about Citigroup and Merril Lynch going to China, Korea, Saudi Arabia to get $20Billion in relief funds?
Rylan, they are all part of "Nationwide". Nationwide is looking to "trim the fat". Big corporations do this all the time.
I wouldn't call foreign companies investing in our companies "relief funds"... Why do you think they are trying to invest in US companies? Cause they love us and want our nation to succeed?

 

[1journeyman]

Originally Posted by Rylan1
Its not good that our banks are going to foreign gov'ts
Wait... where did you get the idea foreign governments are doing this? Do you have a link? I have not heard that.

 

[darthtang aw]

Originally Posted by Rylan1
... As far as recession in early 2000's... They were calling those "Bubbles" . I don't think this is a situation where dems and repubs ar trying to blame one another.

And Reagan was respected and loved by the democrats while he was in office............
I will touch on the rest of your post when I get more time this evening....economic recession....blah..

 

[darthtang aw]

Originally Posted by Rylan1
I don't have to show you anything.

Yet you want to be taken seriously and as credible?
In that case neither do we...so basically I can tell you we have actually caught bin Laden and Bush is waiting till the election to reveal this. There are enough sources out there stating this, so just take my word for it. The war on Bin Laden is over.

 

[darthtang aw]

Originally Posted by stdreb27
(it is a sneak tax cut)
You didn't make it up on your own, others have.
edit:
There are always economists going out on a limb and saying recession.
True, in 2004 our economy was a mess also, as well as 2002, 2003, 2005, 2006, and 2007. If you listened to certain public speakers, some economists, and democratic nominees.

 

[rylan1]

Originally Posted by Darthtang AW
Yet you want to be taken seriously and as credible?
In that case neither do we...so basically I can tell you we have actually caught bin Laden and Bush is waiting till the election to reveal this. There are enough sources out there stating this, so just take my word for it. The war on Bin Laden is over.
No this is different. You have legislation that is being considered and Bush is having press conferences discussing the matter. I would say this is much more credible than some conspiracy theory web article. Whether or not it is true or not is another story. You are all saying that this is not true, yet you provide no evidence. I can go to any leading site CNN, MSBC, FOX ...etc and as evidence. You all are only giving your opinions. As I said before... I am not an economist .. I've taken some basic classes... and even the leading ones are not all in agreement of the state of the market. I believe it to be serious because of the attention that our gov't has been placing on it recently and the very word recession causes some to panic.

 

[rylan1]

Originally Posted by Darthtang AW
True, in 2004 our economy was a mess also, as well as 2002, 2003, 2005, 2006, and 2007. If you listened to certain public speakers, some economists, and democratic nominees.
It was a big mess in 2002... Question is has there ever been an emergency bailout or "boost" for the economy such as this one? I believe inflation is up to over 4% when normally its around 2%.

 

[stdreb27]

Originally Posted by Rylan1
It was a big mess in 2002... Question is has there ever been an emergency bailout or "boost" for the economy such as this one? I believe inflation is up to over 4% when normally its around 2%.
Actually 4% inflation is on the high side of average. It isn't a high number at all. For the most part inflation over the past 8 years has been between 3 and 4%. And more than acceptable for our economy. And that IS factoring in the huge rise in fuel costs. Last month came in a little higher than "expected" and that has fueled this mantra of recession. I is like chicken little running around screaming the sky is falling. I think the CPI for 2007 was (I just read this yesterday) was 4.1% which is higher than last year it was 3. something but not bad at all.
Yes, Clinton did it, HW Bush, there has been several cases.

 

[darthtang aw]

I believe reagan and carter both did it also to an extent if I remember right...but don't quote me on that.

 

[stdreb27]

Originally Posted by Darthtang AW
I believe reagan and carter both did it also to an extent if I remember right...but don't quote me on that.
Regan instead of giving back money already taxed, just lowered taxes.

 

[1journeyman]

Originally Posted by Rylan1
No this is different. You have legislation that is being considered and Bush is having press conferences discussing the matter. I would say this is much more credible than some conspiracy theory web article. Whether or not it is true or not is another story. You are all saying that this is not true, yet you provide no evidence. I can go to any leading site CNN, MSBC, FOX ...etc and as evidence. You all are only giving your opinions. As I said before... I am not an economist .. I've taken some basic classes... and even the leading ones are not all in agreement of the state of the market. I believe it to be serious because of the attention that our gov't has been placing on it recently and the very word recession causes some to panic.
Actually, the message from the White House and many of the economists is that we are in a "slow down"; Not recession.
Only Democrats and liberal news outlets would hazard to redefine a slowing economy as a recession...