^one Palin 2012 voter aboard the fail boat!

3/22/2009 10:30:26 PM

Obama during his 60 Minutes interview:
"The dollar is still strong because people are still buying Treasury bills. They still think that's the safest investment out there."

By "people", he means the Fed.

Quote :

"Relatively lost in the frenzy over $165 million in bonuses paid to AIG employees last week was an announcement by the Federal Reserve that it would take the highly unusual step of buying up to $300 billion worth of long-term Treasury bonds. Although the Fed regularly buys and sells short-term Treasury bills to set the overnight federal funds rate, it generally does not intervene in long-term Treasurys, allowing the market to set long-term rates. Except for a small episode during the 1960s, known as Operation Twist, the Fed has not bought long-term Treasurys since 1952. And for good reason. "It's as inflationary as hell," says Howard Simons, a strategist with Bianco Research. "

Obama also said during the interview:
"If we don't get a handle on this (the deficit), and also start looking at our long-term deficit projections, at a certain point people will stop buying those Treasury Bills."

What? He wants to starting getting a handle on the deficit that he is ballooning?

[Edited on March 23, 2009 at 12:16 AM. Reason : .]

3/23/2009 12:15:40 AM

Quote :

"whatever. you are grasping at straws because your boy is spending us into catastrophe and the public is already getting wise to it."

i LOVE this "your boy" business

let me find my common response

wouldn't i have had to vote for him/volunteer for him/donate to him for him to be my boy?

my standard "Defense" of the man was that he's had less than 2 months on the job
its been a few months, and do you see me giving him the kind of slobjobbery you're pushing on palin?

hell, in another thread i've talked about how i would work/volunteer for MITT ROMNEY if he ran as a third party candidate, not in 2016, but in 2012, when he'd be running against obama

so you wanna run this "your boy" thing by me again?

3/23/2009 1:04:58 AM

Quote :

"how many parents believe in abstinence from alcohol for their kids yet their kids pound beers on the weekend and drive drunk? "

and you're making my fucking case for me dumbass

abstinence-only education doesn't work for (almost) ANYTHING

i'd go as far to say that absitence-only education isn't education at all, its fear mongering and power tripping

3/23/2009 1:07:14 AM

^^^ where the hell is that quote from? what is bianco research? is this another "abolish the fed" thing?

when will these anti-fed people remember a) what 19th century "panics" were like before the fed and b) how the fed has been successful at curbing inflation in the past ie the early 80s.

or are we going to continue to insist we are a prison state until i can charge someone in gold, cows, or liberty dollars for something?

[Edited on March 23, 2009 at 1:27 AM. Reason : .]

3/23/2009 1:23:50 AM

I just want to know where all this bailout money is coming from?

Why do people seem to think throwing money at money problems is the solution?

3/23/2009 2:12:42 AM

Quote :

"where the hell is that quote from?"

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/03/22/BUGF16K7DF.DTL&feed=rss.kpender

3/23/2009 3:09:20 AM

Quote :

"Why do people seem to think throwing money at money problems is the solution?"

good grief

if you're still asking this question you're not trying hard enough

3/23/2009 3:38:12 AM

Quote :

""If we don't get a handle on this (the deficit), and also start looking at our long-term deficit projections, at a certain point people will stop buying those Treasury Bills.""

THis type of shit is exactly why I no longer listen to him. If you actually listen to him he will contradict himself SO many times yet no one seems to notice or care. I dont think McCain woudl have been as bad, but I never thought Obama would have been this bad. And we are only 2 months in, and how much money, which we dont have, have we committed? AND he wants to start the mother of all entitlements when most people will agree entitlements are the nearest fiscal threat to this country.

3/23/2009 10:06:29 AM

Quote :

"He wants to starting getting a handle on the deficit that he is ballooning?"

Actually, Bush ballooned the deficit with ZERO gain. Well except sending our economy to the shiter, ruining our world image, and ruining shares of innocent lives in a blind war lust.
Obama is deepening the budget out of necessity - all in ways and intents to REGAIN our financial system. What else can he do, sit back and watch it die?


What is hard to understand about that? You are in a downward spiral financially, you have to spend and allocate money to get out of it. Stop just blindly thrashing out at the administration because you're still pissed that McCain lost and you're crying in your conservative beers. When the economy turns around you'll feel like idiots.

[Edited on March 23, 2009 at 10:23 AM. Reason : -]

3/23/2009 10:20:36 AM

Quote :

"When the economy turns around you'll feel like idiots. "

already preparing for Obama's VICTORY OVER THE ECONOMY, I see

3/23/2009 10:42:34 AM

Well I wouldn't put it so crudely but I do think the country will recover in a reasonable measure of time, yes. And additionally I do think we will get through that with the current administration's economic measures that are being instituted.

[Edited on March 23, 2009 at 10:46 AM. Reason : -]

3/23/2009 10:45:56 AM

nvm

[Edited on March 23, 2009 at 11:19 AM. Reason : sigh ]

3/23/2009 11:18:59 AM

Quote :

"By "people", he means the Fed."

He actually means foreign governments and investors who have flocked to the Dollar amid the disarray facing the EU right now.

3/23/2009 11:28:44 AM

name that politician!

"deficits don't matter"
A) Obama
B) Bush
C) Clinton
D) Cheney

3/23/2009 11:40:51 AM

cheney?

Name this one.

"what I've done throughout this campaign is to propose a net spending cut.... What I want to emphasize ... is that I have been a strong proponent of pay-as-you-go. Every dollar that I've proposed, I've proposed an additional cut so that it matches."

haha, what a joke.

3/23/2009 12:37:26 PM

are we still in a war?

3/23/2009 1:02:05 PM

^^ Would you like to prove to me that that isn't true? I'm not insinuating it is or isn't - but I know that I've seen plenty of evidence to support the fact that he's at least trying to make cuts to take care of some of the spending.

So show me that it isn't true. I'm genuinely curious.

3/23/2009 2:11:39 PM

Quote :

"Obama is deepening the budget out of necessity - all in ways and intents to REGAIN our financial system. What else can he do, sit back and watch it die? What is hard to understand about that? You are in a downward spiral financially, you have to spend and allocate money to get out of it."

1-time deficit spending in order to soften the blow of the recession and get the ship righted again is OK in my book. I'm not too keen on the projected trillion dollar deficits for the next decade, as projected by the CBO. Those projections factor in an expected economic recovery, and yet we would still be spending trillions more than we are taking in with Obama's budget. He has gotta find a way to cut costs, or we are looking at crushing debt levels over his term.

[Edited on March 23, 2009 at 2:21 PM. Reason : 2]

3/23/2009 2:20:27 PM

Dirtygreek do you understand what deficit spending is? You realize he is expanding spending not anywhere near a spending cut.

Where are the cuts to match the trillion dollar spending increases?

http://online.wsj.com/article/SB123776518094909023.html

"In only two months, since the last CBO budget review in January, Democrats have passed laws that increase spending by $134 billion in the last six months of this fiscal year alone, and $1.2 trillion over the next 10 years. And that's all before his 2010 budget proposals."

Where does this take the Obama budget deficit? Up into the great beyond. This year's deficit will hit 13.1% of GDP and next year's will still be at 9.6%, assuming a healthy recovery, and then never get below 4.1% for the entire decade. These deficits assume the passage of Mr. Obama's enormous tax increases in 2011 and $629 billion in new cap-and-tax carbon revenues. The share of debt held by the public will double -- to 82.4% in 2019 from 40.8% in 2008 (see nearby chart).

And by the way, all of this is without including the costs of Mr. Obama's plan to offer "free" health care for the middle class. The White House budget includes only a "down payment" on health care, with every serious person figuring it will cost at least $1.2 trillion, and probably more. Incredibly, Democrats on Capitol Hill are, with White House encouragement, talking about jamming health care through Congress with a special procedure that requires only 50 Senate votes."

3/23/2009 3:52:33 PM

Whoa whoa whoa - that's an opinion piece, and on reading it, it's clear that the CBO and the white house do not agree that those numbers are correct. I'm not saying they aren't, but the CBO is ignoring Obama's promises to find places to cut.

Now, I'm not implying that I have trust in any politician, regardless of party, to do everything he says. However, it's dishonest for this column to imply that Obama's just spending spending spending with no plan in sight. He has a plan. Whether it will work, well, we'll see.

3/23/2009 4:00:48 PM

You make a good point, but thus far the only thing we have seen in increases in spending dirty.

Can you show me where the cuts to match this new spending is?

here is another piece

http://www.voanews.com/english/2009-03-22-voa21.cfm

Its clear where spending is heading. And all of this is without healthcare... its a disaster.

[Edited on March 23, 2009 at 4:10 PM. Reason : .]

3/23/2009 4:05:10 PM

I don't think we can call something a disaster until we see what happens. I can understand the concern, but I think we stand a chance of some of this actually working better than you expect. I'm going to be optimistic... because it's all i can do productively

3/23/2009 4:13:27 PM

republican talking pointe
obama is a disaster
united socialist states of america
big spending liberals

blah blah blah. Care to trot out something NEW and not such stale spin?

3/23/2009 4:23:12 PM

Quote :

" I don't think we can call something a disaster until we see what happens"

Like Iraq, right?

3/23/2009 4:25:08 PM

dirty and kainen, no i think you can call the spending and expansion of govt a recipe for disaster. The party has to end sometime and someone has to pay the bill. That time is approaching.(although prob not within his admin) but its damn hard to take back social programs once started.

I do think some of this is a good idea, but I fail to see where he is cutting spending. You can clearly see where he is expanding govt. Part of balancing this out comes from tax increases, but mostly just passing on the debt to future generations. The scary part is that entitlement spending are already unstustainable, yet he proposes to add yet another. I dont think im understating calling this a long term disaster.

3/23/2009 4:34:10 PM

Quote :

"but its damn hard to take back social programs once started."

Aren't they doing just that with social security?

3/23/2009 4:35:44 PM

how so? Its not sustainable, so they are going to have to raise the age or cut benefits. THe boomers are coming. Eventually, in our lifetime, you will see SS be means tested out. Meaning if you have some amount saved then some politician will deem you dont need your benefit you paid into for your working career and hand it to someone else. The only thing that keeps SS from being another welfare program is the fact that tax and benefits are capped, and the more you pay in the more you get out.

The flaw in SS was that it assumed steady growth in population and workforce. When you have different population booms along with employment dips, its causes one helluva mess. Especially when they spend the extra SS tax money in the general fund each year.

3/23/2009 4:42:22 PM

markets liked Obama today. hopefully it is a sign of things to come.

3/23/2009 4:43:29 PM

^ yeah, hopefully.

But to be honest..... I have to be suspect of a plan that the markets, especially financials, seem to like so much. i.e. a 7% rise gives the impression that the banks feel like they're going to make out like bandits in this deal.

3/23/2009 4:54:38 PM

Id feel pretty good too if the govt paid off all my bad debts.

Seriously, I hope the wall street rally continues. We all want the best for this country, I dont care who is pulling the strings. However, long term, I think we are heading towards a financial cliff.

I gotta laugh that obama says he needs investors to help make this plan work. But you have to understand their reluctance to help out with his talk of tax increases, esp on cap. gains.

3/23/2009 8:05:58 PM

That isn't at all the reason for any reluctance they might have had up to now.

3/23/2009 8:33:59 PM

of course not fail boat, noone wants to lose money. But this admin attitude towards those with money coupled with the fact they just lost a ton (on paper) doesnt make them want to dive right in either. The risks are weighing on peoples mind right now, not rewards. however, taxes make the rewards less inviting you must admit. Plus the value of the dollar, most are moving into gold quickly with all the proposed spending. Everytime they make an fiscal announcement the value of gold climbs.

3/23/2009 8:57:52 PM

I'm sorry but you are just babbling on conservative talking points.

Those with tons of money just sitting waiting for the perfect time to strike will gladly pay Clintons tax rates on the fantastic profits that they will make with their downside limited and thrust on the taxpayer.

3/23/2009 10:26:52 PM

no way, man.

3% tax hikes are going to be the death of this country.
Those investors would rather just sit on their money instead of earning a profit and forking over a few extra percent of that profit to the guvment!

3/23/2009 10:56:28 PM

Quote :

"Like Iraq, right"

Yes, our economy not working well would totally be as bad as thousands of people being killed quickly and painfully. Nice comparison.

Discussion over for me - you just made it pointless.

3/23/2009 11:40:19 PM

Quote :

" " I don't think we can call something a disaster until we see what happens""

Quote :

" Yes, our economy not working well would totally be as bad as thousands of people being killed quickly and painfully. Nice comparison. Discussion over for me - you just made it pointless."

The point was obvious, that you failed to see it is not surprising.

3/24/2009 1:28:43 AM

failboat and agent, are you guys trying to miss my point? It doesnt remotely involve partisanship. Its more about risk vs rewards. Yes if you can promise 25% gains and 18% taxes on it most would go for it. However, you arent assured those returns. There is little confidence right now and the market/investors are leery of the overall tone coming out of washington. Markets hate uncertainty. But continue with your bashing me over "talking points".

Here is a piece running today talking about such tones from the admin towards investors....which now he needs. I actually think it helps paint obama in a better light as if he understands that the tone coming out of washington can make things worse. (esp in investing)

http://online.wsj.com/article/SB123785266231219605.html

3/24/2009 9:08:39 AM

Quote :

"I don't think we can call something a disaster until we see what happens."

Oh, that means we can do away with global warming concerns, right

3/24/2009 9:23:24 AM

Quote :

"Yes if you can promise 25% gains and 18% taxes on it most would go for it. However, you arent assured those returns."

umm.... taxes come out of capital gains or profit, not gross income or revenue. You can promise then 2% gains and 80% taxes, and they'd still come out on top, just not by much.

3/24/2009 9:26:03 AM

Quote :

"It doesnt remotely involve partisanship. Its more about risk vs rewards. Yes if you can promise 25% gains and 18% taxes on it most would go for it. However, you arent assured those returns. There is little confidence right now and the market/investors are leery of the overall tone coming out of washington. Markets hate uncertainty. But continue with your bashing me over "talking points"."

Yes, in the absence of not really knowing what you're talking about in regard to the economy and what investors are thinking, you retreat to conservative talking points about tax rates. That isn't at all why private money is coming in off the sidelines to buy up toxic junk.

3/24/2009 9:36:30 AM

that's what i'm saying it's like a complete drone of talking points....can't even pay it any attention any more.

3/24/2009 10:16:44 AM

Obama bowls like a retard

3/24/2009 4:45:50 PM

well that's just a fact

3/24/2009 6:03:03 PM

Until Obama starts pushing for more nuclear power all his "talks" about clean and independent energy production is bullshit.

3/24/2009 8:13:34 PM

yeah totally man. all his talk is complete bullshit. he totally doesn't actually believe in anything he's proposing. nuclear is the only clean way to produce energy. everyone knows that.

*note i'm a fan of nuclear.

[Edited on March 24, 2009 at 8:19 PM. Reason : .]

3/24/2009 8:18:49 PM

its just a power play


*no pun intended

3/24/2009 8:26:12 PM

Whew, he really butchered that speech.
For a guy that "speaks so well," he sure was shitty at reading the teleprompter


AhAHAHAHAHAHA!!!

He said he wanted to see in the budget the following:
healthcare, education, energy
and
...
wait for it
...
A serious attempt at reducing the deficit.


and look, asshat, you can't point to dubya when people are asking you about YOUR budget. Dubya had a huge deficit? Ok. YOU are the one claiming you are going to decrease that deficit, so TALK ABOUT YOUR OWN FUCKING BUDGET

3/24/2009 11:30:01 PM

You're like a bad sports announcer at a football game where you don't know the roster dude

3/25/2009 1:14:21 AM

thank u for your valuable contribution to this thread

3/25/2009 7:43:42 AM