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what if they erase all debt and set everyone to equilibrium. what would happen then?
That would only serve to encourage further reckless behavior. Bad behavior should be punished. Case in point, look what happened when this bozo in office wrote the banks a blank check for screwing up (and screwing every American in the process). Thanks Obozo the clown
That would only serve to encourage further reckless behavior. Bad behavior should be punished. Case in point, look what happened when this bozo in office wrote the banks a blank check for screwing up (and screwing every American in the process). Thanks Obozo the clown
The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase assets and equity from financial institutions to strengthen its financial sector that was signed into law by U.S. President George W. Bush on October 3, 2008. It was a component of the government's measures in 2008 to address the subprime mortgage crisis.
This week should be a very interesting one to watch on the stock market. Gold spiked yesterday to well over $1600 an ounce and the 10 year bond yield fell to record levels. Oil fell to $83 a barrel and the VIX was up 15%. All of these signals are very troubling if the selloff continues with higher volume. The jobs picture adds insult to injury in the US and I don't expect real U6 unemployment to fall below 15% at all. I don't expect any changes regardless of administration because the trends in job growth over time have been weaker and weaker after each recession ends. The US just isn't adding jobs like it used to and the skills mismatch in the labor market isn't helping to alleviate that issue either.
Location: where people are either too stupid to leave or too stuck to move
3,982 posts, read 6,688,919 times
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Quote:
Originally Posted by andywire
That would only serve to encourage further reckless behavior. Bad behavior should be punished. Case in point, look what happened when this bozo in office wrote the banks a blank check for screwing up (and screwing every American in the process). Thanks Obozo the clown
Bottom line is that despite bankrupting the country with TARP and endless stimulus programs the economy here and abroad continues to deteriorate.
Governments worldwide have little choice but to print money and inject it into their respective economies, in an attempt to buy a little more time.
Of course this will be inflationary, as the gold market has already anticipated with a $66.00 spike in gold price last week.
The wealthy can tolerate inflation because much of their income and wealth is tied to instrument’s that will adjust with inflation, but for the working class it will mean the piece of meat you are paying $6 a pound for now, that was $3 a pound a few years ago, will be $8-$10 in a few more years.
Anticipate, your paycheck will also be less because there is no pressure on employers to raise wages with 20 million people out of work. Not to mention the tax cuts that are coming to an end and the possibility they will not be extended.
All in all, not a rosy picture going forward.
The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase assets and equity from financial institutions to strengthen its financial sector that was signed into law by U.S. President George W. Bush on October 3, 2008. It was a component of the government's measures in 2008 to address the subprime mortgage crisis.
Try again, bushozo and andywireozo.
Yes half was to save the banks;it did and is now paid back. The second half was left for Obama administration to deal with housing as congress was told. Remmeber Geithnier and his private/public plan comig soon for housing? It never occurred after the bailout of GM and Chyysler where other bondholders where given haircuts by the governmens forced bankrupsy terms. Then the loan for GM and Chrysler were never part of TARP has congresss was told. The dangers of letting a administration of either party have control over spending that is not specified in detail. Same as stimulus turned out not to be a massive infrastructure spending with massive number of jobs to keep unemployment under 7%.It was jobs that were being shoveled to public in the stimulus.
The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase assets and equity from financial institutions to strengthen its financial sector that was signed into law by U.S. President George W. Bush on October 3, 2008. It was a component of the government's measures in 2008 to address the subprime mortgage crisis.
Try again, bushozo and andywireozo.
Ok, my mistake, it was this bozo...
Point being, bad behavior should NEVER be rewarded in a free market. Would you give JR a high five for bullying kids on the playground? Only if you wanted to encourage that type of behavior. What we are doing is telling the banks it's OK to engage in risky, possibly unethical behavior, cause the people got your back...
Oh please save the bs. ...He's really not that important nor that intelligent in the grand scheme of life!
It is downright wierd to go off on someone for having pride in America's children and hope for the future. Do you have a history of emotional problems? You should have your anger issues looked into. Denigrating stranger's children on the internet makes you seem deeply flawed. And makes me wonder what sort of environment you live in or come from? Two lengthy responses to my posts, I must have really hit your button! I know folks in SoCal, they tell me the schools are in horrendous shape. Maybe you should move?
Last edited by shaker281; 06-17-2012 at 11:10 PM..
Your kids opportunities were built by those generations who came before him who you were just downplaying as being "outclassed". You the typical clueless American parent. While your son is enjoying his AP classes and straight A's on his path to college there are plenty of Americans that are out there WORKING for a living keeping this country's head above water. College intellectuals and the whole "college" elitist attitude is killing this country. For most people like your son college is simply an extension of high school. It's not what it used to be.
Enlighten us what you do to "keep this countries head above water" that is so extraordinary? Did I hurt your feelings, by stating that education has progressed over the years from slide rules and beating children's knuckles with rulers?
Last edited by shaker281; 06-17-2012 at 11:11 PM..
Did I hurt your feelings, by stating that education has progressed over the years from slide rules and beating children's knuckles with rulers?
Judging by the lack of discipline and poor performance of the K-12 student populace (progress?), maybe those policies were in place for a reason
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Oh please save the bs. ...He's really not that important nor that intelligent in the grand scheme of life!
I know folks in SoCal, they tell me the schools are in horrendous shape. Maybe you should move?
Did I hurt your feelings, by stating that education has progressed over the years from slide rules and beating children's knuckles with rulers?
