gates1588
1p6 comments posted · 0 followers · following 0
14 years ago @ Breitbart.com - Football: Obama calls ... · 0 replies · +1 points
16 years ago @ Breitbart.com - Obama \'green jobs\' a... · 0 replies · +1 points
16 years ago @ Breitbart.com - Obama \'green jobs\' a... · 0 replies · +1 points
Those of us who have held public office know that legislation is a template. The real power cones in the translation into "administrative rules."
Did you catch how the Obama administration is going to encourage personal savings by adjusting limits to current mechanisms, without a single vote at any level? As lofty as the effort may be it underscores the point that administrative rules run the country, at all levels of government.
16 years ago @ Breitbart.com - Obama \'green jobs\' a... · 5 replies · -17 points
16 years ago @ Breitbart.com - Obama \'green jobs\' a... · 8 replies · +54 points
The only thing that has changed is his title and maybe his payroll listing. He will continue to pull the strings on the same issues, and will still operate without ever receiving any Congressional approval.
16 years ago @ Glenn Beck - The 912 P... - Vent - through May 3rd · 0 replies · +1 points
1) A major element of the current financial "crisis" was started a decade ago as an effort to force certain lending practices to "help" those who wouldn't qualify under normal free market conditions.
2) It collapsed in the face of an aging population that came to the time when down-sizing was a natural option to prepare for retirement. There were about 70-80 million baby-boomers, but they only had 40 million kids. No one to sell all those homes to, so the home values began to plummet. Plummeting values exposed a jerry-rigged apparatus of various "new" devices for lending (even stock is a form of lending of capital), most based on an overly optimistic grading of risk (Strike One)
3) Investors got wise to the fact the onslaught of "boomers" would be re-trenching in their purchasing habits (like all retirees do) and it would mean reduced earnings for corporations. (Strike Two)
4) It became apparent the "green movement" is succeeding in creating a mood of "less is better" among the youth (which is probably a correct approach) causing further reduced demand for products well into the future. (Strike Three)
The result of these three pressures (and a myriad of lesser ones) is a long, slow, transition lasting as much as a decade, and perhaps longer.
BTW, many of these same pressures are occurring world-wide.