The Federal Reserve just announced it will keep it's near zero interest rates for another 2 years What's more sickening is hearing people calling for the Fed to start dumping trillions of more dollars into the market to try to calm it down, this country is toast.
I went to Mexico on vacation about a dozen years ago. I remember paying like 17 Peso's for a bottle of beer. Sounds like that in 2 years, a bottle of beer in America will be 17 dollars.
They keep that cheap money flowing because they don't want people to begin putting their money into assets.
Advice - buy a farm, the producers will be allowed to be the wealthy once the banks fall.
Polls this far out don't mean anything.. Americans have notoriously short memories. quote me on this Box... If things are not significantly better a year from now....Which means unless unemployment is below 8% and GDP running at least 3% increase per quarter, Obama is toast.
I agree that it's too early to predict anything about the 2012 elections.
My post concerned "who America blamed" for the debt crisis debacle. S&P blamed the Republicans in their report, and the trend is downward for the Republicans and TeaBaggers from the Debt Crisis chaos. The GOP isn't just down a few points... they are as low as they've been in recent history. The 59% that say they have an unfavorable view of the Republican party, is an all-time high dating back to 1992 when the question was first asked.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
You think that matters any more, all they are doing is now trying to find a scapegoat to place this on, nobody wants to admit they have anything to do with this mess so they play political politics. Everyone is trying to back away from the economy including the president, nobody wants to take responsibility for what's about to come. I'll be amazed if we make it to the 2012 elections before a complete economic collapse happens.
"In the beginning of a change, the Patriot is a scarce man, brave, hated and scorned. When his cause succeeds, however, the timid join him, for then it costs nothing to be a Patriot."
The Federal Reserve just announced it will keep it's near zero interest rates for another 2 years What's more sickening is hearing people calling for the Fed to start dumping trillions of more dollars into the market to try to calm it down, this country is toast.
If the hard landing was allowed to happen in 2008, it WOULD have been worst at first but it would have purged us of bad debt. The result of the fed and stimulus spending is going to be the American version of Japan's decade of the 90's
"Arguing with liberals is like playing chess with a pigeon; no matter how good I am at chess, the pigeon is just going to knock out the pieces, crap on the board, and strut around like it is victorious." - Author Unknown
You think that matters any more, all they are doing is now trying to find a scapegoat to place this on, nobody wants to admit they have anything to do with this mess so they play political politics. Everyone is trying to back away from the economy including the president, nobody wants to take responsibility for what's about to come. I'll be amazed if we make it to the 2012 elections before a complete economic collapse happens.
Since the Weeper of the House John Boner proudly proclaimed "I got 98% of what I wanted from Obama on the debt crisis"... I guess we can blame Boner & the Republicans for 98% of the mess, while the Dems get 2% of the fault. Remember in November!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Since the Weeper of the House John Boner proudly proclaimed "I got 98% of what I wanted from Obama on the debt crisis"... I guess we can blame Boner & the Republicans for 98% of the mess, while the Dems get 2% of the fault. Remember in November!
The problems we face is far more bigger than the recent debt increase, what they settled for was a joke, that might have been the last actual time they could have made a real move to put there foot down. Blame who you want, it won't make a difference when the country goes down the crapper.
"In the beginning of a change, the Patriot is a scarce man, brave, hated and scorned. When his cause succeeds, however, the timid join him, for then it costs nothing to be a Patriot."
The problems we face is far more bigger than the recent debt increase, what they settled for was a joke, that might have been the last actual time they could have made a real move to put there foot down. Blame who you want, it won't make a difference when the country goes down the crapper.
"The Country Going Down the Crapper" IS the aim of the TeaBaggers. Remember the "We hope he fails" memo that was so popular 2 years ago? There is a segment of society that thinks if the USA crashes, they will be vindicated (their country will never recover) but they don't seem to care about the consequences. They are living for the big... I TOLD YA SO! That's why they were hoping & praying for political gridlock on what is a routine debt increase issue.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
If the hard landing was allowed to happen in 2008, it WOULD have been worst at first but it would have purged us of bad debt. The result of the fed and stimulus spending is going to be the American version of Japan's decade of the 90's
Exactly but instead we purchase the bad assets and propped up failures, the money pumped into the economy did nothing but create another bumble which looks like it is bursting already. Our government has no idea what to do now as they tried everything they could to keep the illusion going, once this goes I don't see anything the government can do to help it, game over.
"In the beginning of a change, the Patriot is a scarce man, brave, hated and scorned. When his cause succeeds, however, the timid join him, for then it costs nothing to be a Patriot."
"The Country Going Down the Crapper" IS the aim of the TeaBaggers. Remember the "We hope he fails" memo that was so popular 2 years ago? There is a segment of society that thinks if the USA crashes, they will be vindicated (their country will never recover) but they don't seem to care about the consequences. They are living for the big... I TOLD YA SO! That's why they were hoping & praying for political gridlock on what is a routine debt increase issue.
Honestly, isn't that the goal of both parties, to hope the other parties president fails? The entire "we hope he fails" thing was taken out of context (just like both parties do all the time). They said that if the agenda of the president is socialism, we hope he fails.
The debt limit increase shouldn't be routine. The ONLY reason that we are allowed to operate the way we do is because we are the worlds reserve currency... if we weren't we would be "Greece X 2000". Going off the gold standard in 1971 started all this creative accounting that BOTH parties have done. And the birds have come home to roost.
"Arguing with liberals is like playing chess with a pigeon; no matter how good I am at chess, the pigeon is just going to knock out the pieces, crap on the board, and strut around like it is victorious." - Author Unknown
"The Country Going Down the Crapper" IS the aim of the TeaBaggers. Remember the "We hope he fails" memo that was so popular 2 years ago? There is a segment of society that thinks if the USA crashes, they will be vindicated (their country will never recover) but they don't seem to care about the consequences. They are living for the big... I TOLD YA SO! That's why they were hoping & praying for political gridlock on what is a routine debt increase issue.
The Tea Party has almost zero say in Washington, we have maybe 10 real conservatives between the houses which all of their legislation never went anywhere Place blame where it is due, those who thought we could bail out and print our way out of this and continue to live beyond our means.
"In the beginning of a change, the Patriot is a scarce man, brave, hated and scorned. When his cause succeeds, however, the timid join him, for then it costs nothing to be a Patriot."
I think there are only 17 house members that are officially affiliated with the Tea Party, none in the Senate. This Tea party thing is the 2011 version of the "moral majority" except, A LOT smaller...still an easy target for the Dems. If ALL the Dems and the moderate pubs in the house voted together, they could have passed the McConnell/Reid bill. But there were enough Dems that thought either the tax increases weren't enough or the debt reduction was too large, that passage was impossible.
"Arguing with liberals is like playing chess with a pigeon; no matter how good I am at chess, the pigeon is just going to knock out the pieces, crap on the board, and strut around like it is victorious." - Author Unknown
I think there are only 17 house members that are officially affiliated with the Tea Party, none in the Senate. This Tea party thing is the 2011 version of the "moral majority" except, A LOT smaller...still an easy target for the Dems. If ALL the Dems and the moderate pubs in the house voted together, they could have passed the McConnell/Reid bill. But there were enough Dems that thought either the tax increases weren't enough or the debt reduction was too large, that passage was impossible.
The real power of the TeaBaggers in this issue, is the fear of a primary opponent with TeaParty (Koch Bros Dollars) against any Republican that voted with Obama.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
The real power of the TeaBaggers in this issue, is the fear of a primary opponent with TeaParty (Koch Bros Dollars) against any Republican that voted with Obama.
Probably true, just like voting to reduce entitlements would be the death knell for any Dem. A good portion of our populace are hypocrites. They are all for tax increases and/or budget cuts, unless it effects them.
"Arguing with liberals is like playing chess with a pigeon; no matter how good I am at chess, the pigeon is just going to knock out the pieces, crap on the board, and strut around like it is victorious." - Author Unknown
BREAKING: Dow closes up 429 points after late rally; S&P up 4.7 percent, Nasdaq up 5.3 percent.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
BREAKING: Dow closes up 429 points after late rally; S&P up 4.7 percent, Nasdaq up 5.3 percent.
nice... it's going to be a roller coaster ride for the next few weeks. I think the market drop after the Fed meeting was due to Bernanke and idiots not doing anything, and the market rise was due to the realization that anything those morons DON'T do is a GOOD thing!
"Arguing with liberals is like playing chess with a pigeon; no matter how good I am at chess, the pigeon is just going to knock out the pieces, crap on the board, and strut around like it is victorious." - Author Unknown
What's more sickening is hearing people calling for the Fed to start dumping trillions of more dollars into the market to try to calm it down, this country is toast.
Logged
Place blame where it is due, those who thought we could bail out and print our way out of this and continue to live beyond our means.
