They aren't fat cats, they are job creators! Didn't you get the memo from Karl Rove??
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They aren't fat cats, they are job creators! Didn't you get the memo from Karl Rove??
I think it is time to point out the sub normal intelligence of the US politicians, this is a rediculicous situation which has implications not only for the US but for the world. I also want to point out the subnormal and arrogant attitude of US financial reporters who say what does it matter if the world wants to invest its money elsewhere, they have nowhere to go. Goodbye america its been nice to know you
Hello again, clete:Quote:
Originally Posted by paraclete
You MUST realize that the subnormal financial reporters your refer to, are RIGHT WING IDEOLOGUES, who want to give COVER to their tea party brethren. Certainly, any INTELLIGENT and NORMAL financial reporter knows what will happen if the world abandons the dollar as its currency.
excon
What is it you think will happen, EX, the dollar has proven to be remarkedly unstable recently? If your press is right wing as you suggest, why is this? I think what we are seeing is the B/S barometer reaching new heights. You have come to believe your own B/S, too big to fail? No one is too big to fail, we are not going to save you, China is not going to save you, the EU is not going to save you. I'll make you an offer; ten cents for the lot, in fact ten cents US it costs me less. China has already moved to position the Renimbi as a reserve currency. Do they know something we don't?Quote:
Originally Posted by excon
You do know that the reports I speak of originate in the US broadcast to the world. What sort of dills do you think it makes you look?
Relax Clete, if you check we haven't asked for any help, and if what goes on in the rest of the world scares people, well that's up to them what they do with there fear. Here we have our battles and deal with whatever, and its no different now.
So what if we fail? Doesn't mean we will just quit! Doesn't mean we will just stop trying. We have been challenged before, and will be challenged again, so if you want to burn the dollar and buy gold or whatever else looks good, no matter what happens, America always handles its own business.
Scary I know, but our history is one of overcoming all odds, and obstacles, and we will overcome this too.
Bet against us, and let me know how that works for you! And relax, I wouldn't let your fear get you carried away, and you do something drastic.
What you never seen chaos happen when getting your house in order?
Don't worry... Speaker Bonehead is going the ram rod a 1 billion a year debt reduction for 10 years while approving an immediate increase in spending to exceed a billion.. This is the same garbage he gave us with the 'Continuing Resolution' .
To make it sicker ;the Reid Senate will vote it down and vote for their version of it and send it back to the House. Then no doubt Speaker Bonehead will say "this is the best we can do" and will whip the TP into line. He is haunted by memories of his youth when the compliant press wrote headlines like :The Gingrich that stole Christmas.
The TP should keep this year in mind and take more care about who they help become Speaker.Repubics need not apply.
Funny you should say that.Quote:
Originally Posted by tomder55
GOP aims to gut Christmas, White House alleges
Tom I don't get thus a $ 4 billion reduction was on the table and they passed it up now you say they will settle for a token $ 1 billion. You don't seem to have a two party system operating over there so without experience in operating in a multi party environment you seem to have nowhere to go. A saying developed over here a year or so ago "we have lost our way" you can lend it to the Republicans if you like
That's trillions, Clete, not billions.
No according to the latest version of the Speaker Bonehead plan ; these fools are going for a piddling 8.5 Billion a year in cuts... but only 1 Billion in 2012 .
That means in a decade we will cu spending enough to pay back the Obama bucket list 'Recovery Act' .
In return they will increase the debt ceiling by a trillion... In other words the cuts are meaninless.
If the TP goes along with this they are nuts. That is not cutting the size of government... it's not even really slowing it down.
The Tea party is now holding the repubs hostage, and setting themselves up to be the fall guy for a government default. Rookie mistakes as the far right thinks that they can bully there way to starving the government, to promote there own agenda of the good old days, of small weak government, and every state can have slavery if they wanted it for the good of the poor fools they enslaved.
I mean who else would try and take advantage of a weak recovery from the recession, to make more people poor and helpless, because of the guy in the white house happens to be a democrat and his spending on things that help ordinary folks survive the devastation laid on them by the very folks that stole the money in the first place.
I don't see anyone from the right doing a darn thing to get the money back, or returning the dignity or self respect to those that actually work for a living. Indeed all we have seen since 2010 have been the kind of protectionism that led to the most massive redistribution of wealth this nation has ever seen, and the sad part is, the right will suffer along with the ones they have failed to protect, and vilify as the real problem.
Is all of this worth a default, or another recession?? Heck, if they were serious about lowering the deficit, and the debt, they would have let the Bush Tax cuts go. But NO, they held unemployment hostage to keep those tax cuts for their masters.
What an honor, no Army or outside force could bring America to its knees, but the Tea party will, or they will try.
Yeh Tal stupidity will do it every time
If they were serious, they would have raised the debt ceiling with a 4 trillion dollar infrastructure jobs bill that partnered with the private sector for 10 years.
Hey, did I just solve the debt, the economy, and unemployment, with a few strokes of the keyboard?? FOR FREE!? :eek:
Well done Tal but the repubs see that sort of thing as pork they want to withdraw 4 trillion from such projects, that would be an 8 trillion saving on your budgetQuote:
Originally Posted by talaniman
Actually I must confess that the Democratic house already had the idea,
Democrats promise jobs bill
Senator Reid tees up 2010 jobs bill - TheHill.comQuote:
Job-creating ideas include additional help for small business, more road and bridge spending, and extending business tax breaks slated to expire at the end of the year, according to spokespersons for Speaker Nancy Pelosi of California and Majority Whip Jim Clyburn of South Carolina.
A per-job tax credit for businesses making new hires is also under consideration, as is help for financially struggling state and local governments.
But of course repubs hollered too much money, and we see the result. Hmm, that's also what happened in the 1929 depression. Repubs fought Roosevelt tooth, and nail on everything, until the war came along.
Cross posted from another thread:
Don't you worry folks, the leader of the chamber that hasn't put forth any budget resolution as required by law for over 800 days is going to swoop in to save the day.
The man who hasn't done his job in over two years is going to save us. I wonder if he's going to push the best known plan out there , the non-existent Obama plan.Quote:
Calling his plan “the last train out of the station,” Reid said there are only hours to act before Tuesday’s Treasury deadline, so he plans to file a procedural motion Friday to move towards a final vote in the next few days.
“That is why, by the end of the day today, I must take action on the Senate’s compromise legislation,” he said.
It's not Obama's responsibility to come up with a plan. It's the responsibility of the House, and then the Senate deals with it. If they approve it, it goes to Obama for signing or vetoing.Quote:
Originally Posted by speechlesstx
It is the president's job to lead, but when it comes to leadership Obama is apparently supposed to get a pass?Quote:
Originally Posted by Wondergirl
He's talked about his plan, his press secretary is touting his plan, his adviser is discussing his plan, the media is finally asking about his plan, what's his plan? If you talk up your plan you'd be wise to actually have one, otherwise you're just full of...
But that's not his responsibility, to dictate what plan the House comes up with. The members of the House are fully cognizant of what needs to be done, so they hope their well-crafted plan passes the Senate.Quote:
Originally Posted by speechlesstx
Why should Obama have a plan? That's not his job to create one. It's the job of the Congress that represents the American citizens.
Hello again,
Obama: Country, we need to take out the trash.
Tea Party: Yeah, but we want some stuff before we let you..
Obama: But, the trash is beginning to stink... Let me get rid of it.
Tea Party: Nope. We're not going to let you do it, unless you agree to our terms.
Obama: Ok, I'll give you cuts, but gimme a little tax.
Tea Party: Nope. We're going to destroy the world as we know it, unless you bow to our demands...
Obama: But, the trash is really beginning to stink.
Obama: Ok, here's you cuts.. Now, can we take out the trash?
Tea Party: Nope. We want MORE, or we're going to bring IN some trash..
Obama: Won't you compromise?
Tea Party: Sure, we'll compromise.. We'll LETyou take the trash out, if you GIVE us what we want...
Obama: But, taking out the trash is as good for YOU as it is for ME, isn't it?
Tea Party: Nope. It's YOUR trash, and we can't smell it anyway. Besides, we hear it'll disappear if we ignore it.
Obama: So, you're doing ME a favor by LETTING me take out OUR trash...
Tea Party: That's the way it is. Besides, after we thought about it, it's not OUR trash either. It's YOURS! We disown it.
excon
Are you an apologist for this man or do you just have to argue with me?Quote:
Originally Posted by Wondergirl
This is apparently the first president in US history not expected to actually lead or produce the alleged plans he has for the country. How ridiculous, Carney even called it the Obama-Boehner plan.
If the administration is going to attach his name to something they'd better darn well produce the plan. So where's the plan?Quote:
“There is no plan that has been offered, certainly in the last several months, about which more detail is known or has been specified than the Obama-Boehner plan.
Ask the TP-iers in the House.Quote:
Originally Posted by speechlesstx
Totally irrelevant to the point. The House already passed a plan called Cut, Cap and Balance.Quote:
Originally Posted by Wondergirl
Where is the Obama plan? I means besides a Twitter spamfest.
Obama isn't in the House. He's waiting to sign something. His desk is the final stop, not the first step.Quote:
Originally Posted by speechlesstx
House -> Senate -> President
Yeah put all your problems on the Prez, so you can blame him yet again for what's not being done.
So far every plan for the house has been thoroughly rejected. With or without a vote. They have just passed yet another Tea Party bill in the house, so the process drags on through the weekend. The ball is in the Senates court. Then it goes back to the HOUSE again. You know the rules about how we make laws.
And everyone knows what the plan is from the White House, and we all know who doesn't like it. We all know what the problem is, and the initials are TP. Don't believe me? Wait for the republican primaries. Wait until the house gets its fresh bill back, hehehe.
There is no question that the Republicans are shooting themselves in the foot - and the kneecap, and all points north.Quote:
Originally Posted by talaniman
Hello again, Steve:Quote:
Originally Posted by speechlesstx
Nooo, not really. They made a POLITICAL statement... The bill they passed had NO chance of becoming law, so it's NOT governing, if that's what you're suggesting... It's actually demagoguery.
Both Tom and I agree to term limits... Yet, they wouldn't BE the solution to, say, an argument over whether we should build an aircraft carrier. Requiring that we pass a balanced budget amendment as a CONDITION to raising the debt ceiling is just as ridiculous.
excon
True... Reid said Bonehead plan #3 was DOA .So why pass it ? Because it's all part of the plan that Speaker Bonehead ,Reid ,McConnell ,and the President have concocted .
Bonehead can't do the pass the Dem plan without the political cover .
So now it got passed ,the pingpong game begins.. The Reid plan gets passed in the Senate .It goes back to the House... and so on... Bonehead eventually tells his caucus "sorry ...it's the best we can do since we only own a half of a third of the government .....but the good news is that we get to go through the Kabuki dance again in the near future. "
Then the President takes credit for leading the country out of the brink.
S&P downgrades the US rating because it does not have a sufficiently serious plan to reduce the debt level . Turns out the markets were more afraid of a debt ceiling increase than a temporary shutdown of the government .
And you know Tom this is true because the market cannot continue to absorb the debt being issued and finance a commerce led recovery at the same time. Part of the problem is the runaway government debt is soaking up liquidity in the economy. Why wouldn't you buy bonds that offer you some return at a time when other investments offer you a poorer return. No return in property, little return in stocks which go up and down in price like a yooyoo, and no employment growth. If you want the economy to bounce interest rates must rise so investors get their return. The Fed has the equation all wrong negative real interest rates help no one and fuel this debt position. S&P calculate a ratio called times interest earned and when you stack that ratio of the interest bill up against revenue it doesn't equal AAAQuote:
Originally Posted by tomder55
Yup the rating services downgrade will be the 1st market correction that will actually work towards correcting the poor policies pursued since the 2nd Great Depression began(which is headed ever closer to double dip).
Unfortunately, the first ones to feel the results of a downgrade in ratings, and the rise in interests are the states. Then the cities. Ever try to grow the economy with nobody working? Never been done in history. All of this to keep taxes for the rich. That's not how Reagan dealt with his recession, that's not how Clinton dealt with his, they both raised taxes during a recession and grew out of them, but no way do low information rookie politicians understand this.
Heck, you can't balance a budget without raising taxes! Somebody please wake those conservatives up that think Wall street will bail you out for free! They don't have OUR interests in mind, just theirs. Which is what all this is about any way.We agree Tom, a double dip recession looms very large.
Hello again,
Downgrade = self inflicted wound. There ain't too much you can say about that...
I knew a guy once who LOVED carrying his .32 in his front pocket... He shot his right nut off. There ain't too much you can say about that.
excon
Must have been a Tea Partier. That's all I can say about that.Quote:
Originally Posted by excon
Reagan ended the Carter recession with tax cuts . The tax hikes that happened during his term was a result of the phoney deals the Dems have made in the past ,and are trying to do again. Immediate tax hikes in exchange for spending cuts in the future. The problem is that the spending cuts never happen. The government ever spends more ;ever grows more ;ever increases the debt the children of the nation owe.Quote:
That's not how Reagan dealt with his recession, that's not how Clinton dealt with his, they both raised taxes during a recession
Yup... the weapon used in the self inflicting wound is QE2 ,stimulus spending ,ever increasing debt... currently at 100% of GDP . Going on a budget and cutting your spending when you are overextended is the correct solution for individuals ,families ,and goverments.Quote:
Downgrade = self inflicted wound. There ain't too much you can say about that...
What happens next is the Reid plan goes to the Senate... it can't survive fillibuster ;so a Reid /McConnell plan gets passed(the plan Reid ,McConnell ,Bonehead ,and Obama have agreed upon behind closed doors ).
After a game of ping pong between the 2 houses ;Bonehead and Eric Cancer... ooops I mean Cantor... whip enough to eek out a 1 or 2 vote majority. This time a could Dems cross over so they can claim it's a bipartisan vote. (about the same number of Repubics who change their vote to negative... these will be the Repubics who are facing a tough reelection run) .
The President signs it somewhere around Aug. 7-9 (the new artificial deadline) ,and declares victory against those rascally tea partiers.
I probably will not be near a wifi location throughout this process because I'll be in a cabin in an undisclosed location ;disconnected from the cyber world... If I get a chance I'll sign in and comment on my bold prediction .
How exciting for us!!Quote:
Originally Posted by tomder55
No need for ankle biters to respond.
I'll leave the pompous stuff to you, oh bold one.
Hello again, tom:Quote:
Originally Posted by tomder55
So, you don't see a connection between the downgrade and the Tea Party intransigence? Really? You DO need some time off.
excon
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