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Old 01-18-2009, 09:37 PM
 
35,016 posts, read 39,183,867 times
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Quote:
Originally Posted by LIS123 View Post
PAYGO is just a silly acronym. NOBODY does it, GOP or Democrats. If Obama believes in PAYGO, why does he support a pork laden worthless recovery package that will likely cost $ 1 Trillion of ALL BORROWED MONEY? Why would his scores from NTU and CAGW be horrendous? Why would he support the 2nd $ 350 Billion of the TARP and the Big 3 Bailout?
He supports the Big 3 Bailout and the PLWRP because so many jobs and liquidity depend on the industries within them. His economic team is working on a transparency plan for the 2nd $350B which he insists be put into place. I'm sure his scores with NTU and CAGW are horrendous, but if they're from 2006, that was a whole different world.
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Old 01-18-2009, 09:45 PM
 
4,176 posts, read 6,339,989 times
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Quote:
Originally Posted by delusianne View Post
He supports the Big 3 Bailout and the PLWRP because so many jobs and liquidity depend on the industries within them. His economic team is working on a transparency plan for the 2nd $350B which he insists be put into place. I'm sure his scores with NTU and CAGW are horrendous, but if they're from 2006, that was a whole different world.

Obama is another tax-spend-regulate-Big Government Democrat. Except the Bluedogs, they're all the same. He believes that Government is the answer in more cases than those of us who are conservative or libertarian. He is a Big Spender!

These legislation you mention above is only going to increase our debt, increase our deficits and further debase our currency. We can't payback the money we already owe, so borrowing more is silly. You don't bailout a company just b/c that company's demise results in job loss. Nor do you borrow money to 'create' jobs that the Government deems important.



YouTube - Peter Schiff tells us ways to fix the economy 1/16/09
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Old 01-18-2009, 09:58 PM
 
35,016 posts, read 39,183,867 times
Reputation: 6195
This is a quick overview from CNN Money, though there are many - what do you think?

Obama: $1 trillion deficits 'maybe for years' - Jan. 6, 2009

The CBO blogs are good summaries of TARP numbers - Director’s Blog » Blog Archive » Troubled Asset Relief Program (TARP) Report

Peter Schiff - realistically, if a government can possibly help people stay employed and eating, shouldnt it?
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