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Old 11-07-2008, 11:06 PM
 
2,260 posts, read 3,870,415 times
Reputation: 475

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Sounds like a page right out of dubyas Presidential economic policy book


DEFICIT SPENDING...DEFICIT SPENDING...DEFICIT SPENDING

Change

eh?
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Old 11-07-2008, 11:10 PM
 
Location: Greenville, SC
11,689 posts, read 24,660,179 times
Reputation: 3429
McCain wants it, Obama wants it, Bush wants it...I hate politics. They're all stupid.
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Old 11-07-2008, 11:11 PM
 
29,939 posts, read 39,341,064 times
Reputation: 4798
1 trillion dollar deficit and they are running up more on the credit card...
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Old 11-07-2008, 11:21 PM
 
2,260 posts, read 3,870,415 times
Reputation: 475
I just find it beyond absurd that obama won the election saying "we cant afford 4 more years of the same failed economic policies" only to propose those same policies as change. With the economy being the #1 concern and promising change the 1st thing he does is his best Bush imitation proposing a stimulus package paid for with more debt.

What a fraud and a liar
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Old 11-07-2008, 11:22 PM
 
Location: Erie, PA
713 posts, read 1,859,298 times
Reputation: 180
It's ok...just print more money!

I'm glad I'm in college with lots of student loan debt and almost no savings!
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Old 11-07-2008, 11:26 PM
 
Location: Flyover Country
26,212 posts, read 19,417,559 times
Reputation: 21673
I'll take it, please cut the checks soon. odanny needs new shoes.
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Old 11-07-2008, 11:31 PM
 
29,939 posts, read 39,341,064 times
Reputation: 4798
All that happens when you print more money is make your work less valuable in simple terms. Another way to look at it is the government just guaranteed you will work x amount of hours for them where it used to be x-inflation adjusted for inflation.
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Old 11-07-2008, 11:34 PM
 
1,788 posts, read 3,908,730 times
Reputation: 1055
Quote:
Originally Posted by BigJon3475 View Post
All that happens when you print more money is make your work less valuable in simple terms. Another way to look at it is the government just guaranteed you will work x amount of hours for them.
That, and if you were one of the few responsible people who worked hard and saved, it makes your money worthless. Already down 27% since 2002 and another 15% on the way. Sickening! I thought that printing press at the reserve would have overheated by now.

We are all screewed, you do realize that do you not? 6-12 months and we see soup lines across this great land.
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Old 11-07-2008, 11:41 PM
 
29,939 posts, read 39,341,064 times
Reputation: 4798
Buy more when stocks are down. The US isn't going to disappear. If you buy into a 401k program it's equalized by buying every week. The lower weeks you buy more...the higher weeks you buy less. Up's and downs are inevitable. You can look at it like you lost 6 years of investment. As bad as that sounds your still at par maybe slightly less with two huge economic bubbles since the 90's.
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Old 11-07-2008, 11:43 PM
 
Location: Erie, PA
713 posts, read 1,859,298 times
Reputation: 180
Quote:
Originally Posted by CarolinaCowboy View Post
That, and if you were one of the few responsible people who worked hard and saved, it makes your money worthless. Already down 27% since 2002 and another 15% on the way. Sickening! I thought that printing press at the reserve would have overheated by now.

We are all screewed, you do realize that do you not? 6-12 months and we see soup lines across this great land.
Exactly. And yet the media and politicians moan and whine about Americans having no savings. Well, with the Fed's monetary policy, can you blame them? Inflation transfers wealth from savers to debtors. Is it a wonder people would rather be debtors than savers???
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