IntenseDebate - newshound77

17 years ago @ Glenn Beck - The 912 P... - 5/15/09: GLENN SAID IT... · 0 replies · +1 points

Gee Chuck. If that's how you feel about everyone who isn't a 'dyed in the wool' Obama supporter, why on earth would you continue to participate on this message board?

You remind me of the days of my first job as a cashier. There were some people who would walk in (they were easy to spot) and you could tell right away that they only came into the store as an excuse to dump on somebody - anybody. You knew before you even got started that there was nothing you were going to be able do to make them happy. They were miserable and their only goal was to share the pain.

I always felt sorry for them, and I feel sorry for you as well. You must first be happy within yourself to truly experience joy and serenity. It appears you still have a ways to go. Good luck.

17 years ago @ Glenn Beck - The 912 P... - 5/15/09: GLENN SAID IT... · 0 replies · +1 points

Actually the first half of TARP 1 was Bush. Obama distributed the second half of TARP1 all of TARP2 as well as the stimulus package and his ridiculously bloated budget.

17 years ago @ Glenn Beck - The 912 P... - 5/9/09: Jobless Rate H... · 0 replies · +2 points

Jobs or no jobs, the taxpayer is about to get clobbered again. The government is gearing up for the PPIP (Public Private Investment Partnership) auction that is going to enable the banks to sell off their toxic assets to each other at an out of (bank) pocket cost of about 5-7% of their original value. This is their big chance to get out from under these toxic assets and still come out smelling like a rose.

So who's on the hook for the difference? You guessed it - it's us, the taxpayers!! We (via the Feds) get to pick up 93-95% of the cost of the banks' bad judgment (and outright corruption!) through matching funds and 'non-recoverable' loans.

This is going to cost the taxpayer TRILLIONS OF DOLLARS and makes TARP look like a drop in the ocean. But since it is getting no coverage, the public remains in blissful ignorance.

Every one of us needs to be calling our congressmen and DEMANDING that this be stopped! Otherwise we will be paying for this for generations.

17 years ago @ Econ 101 - Stress Tests: Drama, D... · 0 replies · +1 points

The government is selling us down the river one more time, and unfortunately we are allowing it. Did you see the stock market on Friday? Bull market LED BY BANKS, no less! Banks that are functionally insolvent, empty hulks that are being propped up by your money and mine. We are in for a rough ride. This week's bond auction failed. The government will have no choice but to let the Fed step in and buy up more debt because CHINA HAS CUT UP OUR CREDIT CARD!!! Buying our own debt in order to meet our obligations is like paying your mortgage with your VISA. This will end badly. This kind of fiscal irresponsibility always ends badly.

17 years ago @ Breitbart.com - Bernanke: Economy shou... · 0 replies · +2 points

Has there ever been a time when MASSIVE spending has revived an economy? The definition of insanity is repeating the same actions and expecting a different outcome.

The Keynesian model is totally inadequate. It failed to predict the trouble we are in, and facilitated the CDO and CDS derivative mess that is at the root of our economic retrenchment.

The Austrian school predicted why we are here, and what we need to do to recover. Unfortunately it is the exact opposite of the current policies being followed by this administration.

Can Obama and crew temporarily reinflate the bubble? Possibly. But unfortunately that would only set us up for a bigger crash later on. Think in terms of the secondary depression created by FDR's policies (only this will be exponentially worse) that delayed our recovery from the Great Depression.

17 years ago @ Breitbart.com - Bernanke: Economy shou... · 0 replies · +2 points

You're right. For Benny and Timmy the ends justify the means. He will lie to us through his teeth as long as he thinks it will benefit the markets and get people spending again.

17 years ago @ Breitbart.com - Bernanke: Economy shou... · 1 reply · +3 points

Recovery will not occur until the bubbles (housing and lending) have worked their way out of the system. The actions taken so far have put a band-aid on the problem without addressing the root causes. In addition, the trillions of dollars injected into the system will result in hyperinflation and mortgage the futures of our children and grandchildren.

Bernanke is such a 'sage' that he totally missed the impending collapse of the housing and financial markets. But I am supposed to have unlimited faith in his ability to time with absolute precision when liquidity (cash) in the economy must be restricted in order to avoid Zim-flation?

Keep in mind that this is the same group of folks that told us that bankruptcy was not an option for automakers, but who are now promoting - BANKRUPTCY FOR AUTOMAKERS!

Wow. I feel so much better. My confidence has been restored.

17 years ago @ Breitbart.com - Bernanke: Economy shou... · 2 replies · +4 points

Hey Gman. Your post has a valid point, but using an epithet with racial overtones allows people to write you off without listening to what you have to say. Don't give them the excuse to ignore you.

The truth is that the administration is EXTREMELY politically savvy, just look at the campaign. They will definitely set up a scapegoat if it looks like there is not going to be an imminent recovery.

17 years ago @ Breitbart.com - Bernanke: Economy shou... · 2 replies · +1 points

A opposed to Obama and his cronies who are only concerned with the good of the people. You want a good look at O's altruism, then take a look at my blog at http://myecon101.blogspot.com .

The roots of our economic problems stretch through multiple administrations happened under the control of both parties in congress. Believe me there is plenty of blame to go around. The focus should be on solutions. Unfortunately, the way the government is trying to 'solve' it is by throwing money at it which is the exact opposite of what needs to happen. Huge deficits will cause more problems than they solve while mortgaging the futures of our children and grandchildren.

17 years ago @ Glenn Beck - The 912 P... - 5/4/09: GOP Begins Re-... · 0 replies · +5 points

The Republican party needs to get back to basics. All the window dressing and image polishing is useless without core values. I have a simple list:

"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance."

-- Cicero - 55 BC --

Obviously we haven't learned much during the last couple of millennia. Too bad.

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