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Consistent, though. Most of the Demmies on here act like spoiled children.
Yes its the demmies starting thread after thread about Obamas citizenship and what he spent on valetines dinner. Their is pathetic but the republicans here on c-d have fallen to the lowest level.
It's interesting that the stimulus bill was passed after the markets closed just before a long weekend.
Should be interesting to see how other world markets respond.
Meanwhile financial author Bill Bonner expresses his thoughts. The Economic Panic of 2009 by Bill Bonner
Small bussiness are the back bone of this country, when you advertise that when you become President you will make sure all bussiness will provide healthcare then you have put the burden on the bussiness owner. The Owner then trims his employee's as soon as possible because you can't afford the burden of health care and stay in bussiness. Now the whole economy is down because of the cut backs across the board.
Small bussiness are the back bone of this country, when you advertise that when you become President you will make sure all bussiness will provide healthcare then you have put the burden on the bussiness owner. The Owner then trims his employee's as soon as possible because you can't afford the burden of health care and stay in bussiness. Now the whole economy is down because of the cut backs across the board.
The economy was good until Obama became president.
Obama was under such pressure to act, that in 21 days he spent more than any other President in history in such a short time. He did this out of fear and immaturity.
Maybe you could google "GRIP" and see if you can find one at a reasonable price. The bulk of the two versions of the recovery act was written in December with the full cooperation of transition staff and the Office of the President-Elect. Ideas had been flowing in from mayors, governors, state legislators, and others for about three months prior to that. Input was sought and received from key Republicans around the country as well. All of it was worked, reviewed, and reworked several times.
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Originally Posted by NewMexicanRepublican
The mature thing to do would have been to take a pause. He should have addressed the US public with words of assurance that as soon as he could fully understand the extent of the problems he would act accordingly.
Well, I'm sure that's what Hoover would have done.
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Originally Posted by NewMexicanRepublican
Instead, he sat back and let Ried and Pelosi lead him down the path of no return. Quite frankly, Obama looks like a deer in the headlights.
Quite frankly, you don't have the first idea of what you're talking about.
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Originally Posted by NewMexicanRepublican
Some people hope Obama fails, or so they are quoted. The actual quote was they hope his stated agenda fails. Many Democrats were hoping Bush would fail in Iraq...there is no difference
No. People said we would fail in Iraq. People said we were failing in Iraq. Nobody hoped that it would go that way. That's where the difference lies. The right is so desperate to find failure right now, they'll do anything, apparently up to and including helping to bring it about.
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Originally Posted by NewMexicanRepublican
Who is going to buy this debt? China has already made it clear: they need a stronger dollar and greater yields before they will buy the debt.
Really? What do you think would happen to the Chinese economy if the US were no longer able to buy their surplus production? How ready for setbacks is the Chinese middle class? How long will they continue to tolerate the Communist Party if setbacks occur?
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Originally Posted by NewMexicanRepublican
Our friends in the UK, Germany, and Japan have said the same thing. Interest rates must rise if the US is going spend its way out of this crisis.
Actually, they and we are all in the same boat, and that is the message they have been delivering to the US. We are not off on some yacht while they paddle along in their dinghies. New global economic systems and structures will need to be developed and all of us will work together on those. It is meanwhile in no one's interest to see any major partner either fall too far behind or surge too far ahead.
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Originally Posted by NewMexicanRepublican
If interest rates rise, the banks might start to crumble, as millions of idiots learn that the A in ARM stands for adjustable. The Democrats are now constructing a plan to convert ~ 3 million ARM mortgages to low-interest fixed rate mortgages.
I wonder if the Republicans could have come up with some sort of plan like that back in the summer of 2007. The Hope Now Alliance didn't really cover the matter. Tune in Wednesday to see what the new administration wants to do. Look for means testing whether or not default is near.
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Originally Posted by NewMexicanRepublican
They know rates must rise.
Right now, there are very few economies willing to put obstacles in the way of capital flows. Eventually? Sure, but not until some firmer footing has been found.
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Originally Posted by NewMexicanRepublican
I would like to see Obama sign a morotorium on ARM's today.
What good would that do? How many ARM's are being written today with a 5/1 sitting at 5.37 while a 30-year fixed is at 5.34?
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Originally Posted by NewMexicanRepublican
Additionally, the govt. should not purchase or insure any mortgage owned by a bank for less than five years.
Again, what's the payback? Who is helped by stockpiling lender portfolios and putting caps on lender liquidity?
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Originally Posted by NewMexicanRepublican
Uncle Sam, also, will struggle, as the cost of financing its $10 trillion in debt skyrockets.
Skyrockets? 10-year Treasuries closed at 2.89 on Friday, down .16 for the week. Are you predicting sudden mass flight from safety?
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Originally Posted by NewMexicanRepublican
There are no good, short-term answers. Getting us out of the problem is only 1/10th the battle. Ensuring that we don't end up here again is even more important.
That part's easy...stop electing Republicans or anybody else suffering from the delusion that laissez-faire free-market capitalism is the only true path to collective prosperity.
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Originally Posted by NewMexicanRepublican
What scares me the most is that this is exactly where the Democrats wanted us to be.
well, Lindsay Graham thinks maybe we should nationalize the banks. Maybe he's fallen under the Obama spell. Meanwhile, this is the last place Democrats wanted us to be. But they didn't have the numbers to keep the Republicans from dumping us here.
Last edited by saganista; 02-15-2009 at 10:38 PM..
You use that word, "ramrodded," as though it was forced through against the will of the Republicans. But the truth of the matter is, at least this way we're trying something...as opposed to the "same old tired Republican" proposal. And pardon me for possibly missing something, but I fail to see where giving some more tax cuts to the rich is going to solve anything.
Did you read the link? The OP didn't use that term... the one who wrote the commentary did... lol...
the main difference between now and 90 days ago--- the hard right was happy with the direction we were going, now they are not. when people are angered by attempts to save a drowning man, stay away from them.
There are no good, short-term answers. Getting us out of the problem is only 1/10th the battle. Ensuring that we don't end up here again is even more important. What scares me the most is that this is exactly where the Democrats wanted us to be.
What scares me the most is Bush Republicans, who were the major (but not only) culprits who created this financial mess we are in - are now getting all hot and bothered by Obama trying to fix a problem that their party, and the moron Dubya, are responsible for...
Dubyacans are major factors in the mess we are in - yet they won't lift a finger to fix it - and try to blame Obama for everything he does to fix the mess that Dubya left behind... (Hmmm - that's a pattern that Dubya is FAMOUS for - leaving messes - which Daddy used to come in and clean up - this one being way to big for that tired old tactic...).
I think the public will remember who to blame should the economy continue to tank in spite of all that Obama is trying to do to fix it...
Too bad Dubya didn't think of fixing things until he let them get so horrendously out of control...
We'd all be in a much better position now...
And I support what actions Obama is taking - so does most of the nation.
So we give money to a bank that made a profit last year and they turn around and give their employees a bonus. I think every government official that voted for either of the packages should be impeached. And no most people are not for this mess and you certainly cannot blame it on any one party.
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Well, fix the mark to market
