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Submitted by DarthFaded (View user info) at 2009-06-01 15:35:33 EDT
Discuss....
User Reviews
Submitted by joedaddy (user info) at 2009-06-25 23:36:40 EDT (#)
Ranking: 2
listen children, if you add up all the ponzi schemes that have been day-lighted in the past several months you will come to a total that represents more than a quarter of the entire bailout
and, there's more to come
Submitted by rob_berg (user info) at 2009-06-02 14:03:21 EDT (#)
Ranking: -1
Submitted by skrapmetal (user info) at 2009-06-01 20:18:17 EDT (#)
Ranking: 0
rob - Obama slowed military spending not at all, and added over a trillion dollars in new debt. It's no different than you getting a bunch of new credit cards and immediately maxing them out, and then being surprised that you can't get any new credit cards. The US economy was admittedly tipping toward a problem under Bush, because of the inefficient operation of the war, but it would have been controlled as the war wound down. Obama promised to curtail that spending with all his anti-Bush rhetoric and has not at all done so, not in the least. But Obama and the democrats, in the few months they've had carte blanche, have managed to push the economy through crisis and emergency modes into impending ruin by practicing financial plans that would obviously bankrupt an individual. Say what you want about my being wrong and it all being Bush's fault, but the fact is that five years ago and two years ago and one year ago we the people were better off and (important) had more hope of a strong economy than we do now. China won't loan us money so we can buy more Chinese crap because we have too much debt. Wasn't that way a year ago, and that's entirely the fault of the current administration and their reckless spending.
Get out and vote this shit to a stop in 2010 and 2012, before it really is too late.
---
Again, you really need to give your head a shake Skrap.
While the war and American hubris didn't help your economy - there are WAY more factors involved in the huge pile of shit the Obama administration was unfortunate to inherit.
This is a pretty good basic analysis:
http://www.economicshelp.org/2008/01/what-went-wrong-with-us-economy.html
To think that your economy magically collapsed in the past 4 months is infantile, and quite frankly you are smarter than that.
I think the 'bail-outs' and the rampant spending is fucking retarded, don't get me wrong. But point the finger where it belongs and do some research.
Submitted by RoadSong (user info) at 2009-06-02 13:39:52 EDT (#)
Ranking: 0
The Iraq war is costing over 12 Billion a month.
"The contributing problem of spending trillions to finance an occupation in Iraq based on false pretense while ignoring Bin Laden and enabling him to continue his efforts to bankrupt the US through guerrilla warfare.."
This is another Great Depression, and things have gotten so bad that the Governator {Arnold} wants to cut medical care for poor childern out of the budget.
Submitted by BLITZKREIG_BOB (user info) at 2009-06-02 12:39:17 EDT (#)
Ranking: 0
We need to completely re-shuffle the deck and start over. However, that probably isn't possible without the use of force.
Submitted by Phallic_Cymbals (user info) at 2009-06-02 07:59:16 EDT (#)
Ranking: -2
Dear American conservatives,
Thanks to you, your country is already about 30 years behind the first world. I know you would love to live in a theocracy where vice police cut off the hands of people of a different colour, but unfortunately some faggots thought that "freedom" and shit were more important than being a bloated toad sucking the government's cock for "tax cuts" while faggots get lynched on your front lawn.
If you want religious insanity and "tough" laws, go to fucking Iran. If you want a country that, you know, actually treats equality as a legitimate objective then congratulations, that nigger everyone loves might make it so you're only 25 years behind the times.
Love, the World.
Submitted by bustedcompass (user info) at 2009-06-01 21:28:10 EDT (#)
Ranking: 1
Obama, Yes.
Bush 2, Yes.
Clinton, No.
Bush 1, Yes.
Reagan, Yes, yes, yes, like a motherfucker.
Carter, Yes.
Ford, Yes.
Nixon, Yes.
Johnson, Yes.
Kennedy, Yes.
You get the picture. I'll stop there.
Submitted by sandmantate (user info) at 2009-06-01 20:46:29 EDT (#)
Ranking: -2
Submitted by DarthFaded (user info) at 2009-06-01 16:25:51 EDT (#)
Ranking: 0
Submitted by sandmantate (user info) at 2009-06-01 15:55:43 EDT (#)
Ranking: 0
Is this because Obama added the cost of the Iraq and Afghanistan wars to the budget? Because Bush never did...
________________________________
Oh yeah because an 800 billion dollar stimulus bill, auto bailout, and extension/expansion of public assistance couldn't possibly have anything to do with our massively increased national debt, right?
--------------------------------------------------------------------------------
Right, and the $750 billion stimulus package that Bush pushed through last August was surplus? Or what about the 2 seperate tax stimulus packages that Bush made happen? What about the complete disregard to enforcing the financial regulations on the books before the lenders crashed- was that Obama; because I thought Bush was in office when that happened too.
Submitted by skrapmetal (user info) at 2009-06-01 20:18:17 EDT (#)
Ranking: 0
rob - Obama slowed military spending not at all, and added over a trillion dollars in new debt. It's no different than you getting a bunch of new credit cards and immediately maxing them out, and then being surprised that you can't get any new credit cards. The US economy was admittedly tipping toward a problem under Bush, because of the inefficient operation of the war, but it would have been controlled as the war wound down. Obama promised to curtail that spending with all his anti-Bush rhetoric and has not at all done so, not in the least. But Obama and the democrats, in the few months they've had carte blanche, have managed to push the economy through crisis and emergency modes into impending ruin by practicing financial plans that would obviously bankrupt an individual. Say what you want about my being wrong and it all being Bush's fault, but the fact is that five years ago and two years ago and one year ago we the people were better off and (important) had more hope of a strong economy than we do now. China won't loan us money so we can buy more Chinese crap because we have too much debt. Wasn't that way a year ago, and that's entirely the fault of the current administration and their reckless spending.
Get out and vote this shit to a stop in 2010 and 2012, before it really is too late.
Submitted by rob_berg (user info) at 2009-06-01 18:40:52 EDT (#)
Ranking: -1
Submitted by skrapmetal (user info) at 2009-06-01 16:24:55 EDT (#)
Ranking: 0
The Fed just had four failed Bond Offerings in a row. Four opportunities to buy US debt at a set interest rate and four times in a row NO ONE BOUGHT. Not even the Chinese are willing to invest here. The Bond market is going to crash in a few months and that will kill Obama's ridiculous plans of having the rest of the world support his outrageous spending practices. Look upon the 10-Year bond rates v. Short-Term Bond rates and despair. The Russians and most of Asia have already dropped the US Dollar as the economic standard currency. When the rest of the world does the same, the gold you have as a hedge against inflation will suddenly be priced based on the vast quantities of it that Russia and Asia have. Hello, 18% APR mortgages, 20% unemployment, and $8.50 gasoline. The unemployment figures may be adjusted (as they are now) to be only non-government jobs, but as of now, all Chrysler and GM employees are in government jobs. I predict GM will file bankrupcy by the end of June and in doing so will get the same deal that Chrysler did, which is a forgiveness of the $30B bailout debt!
Obama in his incompetence and foolishness has fucked us and fucked us hard, and way too many of you people still think he's a rock star. Open your eyes and get ready to vote this shit out in 2010 and 2012.
---
I find it truly remarkable that someone so smart and eloquently spoken can be so painfully and consistently wrong.
All Obama is doing is adding astronomically expensive lube... you've been in the process of fucking yourselves for years now.
...and with your 2 party system you think the 'other' guys would be doing a better job?
Give your head a shake.
Submitted by DarthFaded (user info) at 2009-06-01 16:52:41 EDT (#)
Ranking: 0
Submitted by Toddler (user info) at 2009-06-01 16:34:55 EDT (#)
Ranking: 0
Submitted by no1hasdis (user info) at 2009-06-01 16:29:38 EDT (#)
Ranking: 0
Submitted by skrapmetal (user info) at 2009-06-01 16:24:55 EDT (#)
Ranking: 0
Obama in his incompetence and foolishness has fucked us and fucked us hard, and way too many of you people still think he's a rock star. Open your eyes and get ready to vote this shit out in 2010 and 2012.
===================
To be fair, you can't blame this all on Obama. The ship started sinking last year due to 8 years of poor fiscal management and the major collapse happened before he was even in office. He's just trying to react to the crisis. That said, he's doing alot of it wrong.
===
I have my doubts anyone can do it right.
-----------------------
I tend to agree...
Frankly I think the system is so corruptable and exploited that it is a foregone conclusion at this point...
Everything looks good on paper.... put in the hands of man, few things actually are.
Submitted by BranDo (user info) at 2009-06-01 16:50:14 EDT (#)
Ranking: 0
noone can do it right.
did any of you see that Michael Moore film from '89 Roger and Me?
the signs were there but the rich right wingers don't care for the masses.
nah, let's blame Obama
Submitted by Caulaincourt (user info) at 2009-06-01 16:44:57 EDT (#)
Ranking: 0
Submitted by Toddler (user info) at 2009-06-01 16:34:55 EDT (#)
Ranking: 0
I have my doubts anyone can do it right.
===
basically...it's pretty much checkmate for the US economy. unfortunately, it will hurt a lot of other nations before they find better trading partners.
Submitted by Caulaincourt (user info) at 2009-06-01 16:42:04 EDT (#)
Ranking: 2
No Comment
Submitted by Caulaincourt (user info) at 2009-06-01 16:41:57 EDT (#)
Ranking: -2
i'm not a fan of obama's policies, but he's been there for four months now. the last eight years are certainly a big part of the problem.
americans try to put this on obama, just like they blamed bush for iraq, but in the end, they are responsible for this massive collapse after an 8 year consumption binge driven by credit.
i'm getting tired of our neighbors to the south bitching about their president as if he was emperor of everything. last i checked, you have a congress. govt only gives you what you want so stfu and enjoy your economic meltdown.
Submitted by Toddler (user info) at 2009-06-01 16:34:55 EDT (#)
Ranking: 0
Submitted by no1hasdis (user info) at 2009-06-01 16:29:38 EDT (#)
Ranking: 0
Submitted by skrapmetal (user info) at 2009-06-01 16:24:55 EDT (#)
Ranking: 0
Obama in his incompetence and foolishness has fucked us and fucked us hard, and way too many of you people still think he's a rock star. Open your eyes and get ready to vote this shit out in 2010 and 2012.
===================
To be fair, you can't blame this all on Obama. The ship started sinking last year due to 8 years of poor fiscal management and the major collapse happened before he was even in office. He's just trying to react to the crisis. That said, he's doing alot of it wrong.
===
I have my doubts anyone can do it right.
Submitted by cheerios (user info) at 2009-06-01 16:34:44 EDT (#)
Ranking: 2
LOL. Saw that movie a few nights ago. And yes, fuck obama and his bitch pelosi
Submitted by no1hasdis (user info) at 2009-06-01 16:29:38 EDT (#)
Ranking: 0
Submitted by skrapmetal (user info) at 2009-06-01 16:24:55 EDT (#)
Ranking: 0
Obama in his incompetence and foolishness has fucked us and fucked us hard, and way too many of you people still think he's a rock star. Open your eyes and get ready to vote this shit out in 2010 and 2012.
===================
To be fair, you can't blame this all on Obama. The ship started sinking last year due to 8 years of poor fiscal management and the major collapse happened before he was even in office. He's just trying to react to the crisis. That said, he's doing alot of it wrong.
Submitted by DarthFaded (user info) at 2009-06-01 16:27:14 EDT (#)
Ranking: 0
Submitted by skrapmetal (user info) at 2009-06-01 16:24:55 EDT (#)
Ranking: 0
The Fed just had four failed Bond Offerings in a row. Four opportunities to buy US debt at a set interest rate and four times in a row NO ONE BOUGHT. Not even the Chinese are willing to invest here. The Bond market is going to crash in a few months and that will kill Obama's ridiculous plans of having the rest of the world support his outrageous spending practices. Look upon the 10-Year bond rates v. Short-Term Bond rates and despair. The Russians and most of Asia have already dropped the US Dollar as the economic standard currency. When the rest of the world does the same, the gold you have as a hedge against inflation will suddenly be priced based on the vast quantities of it that Russia and Asia have. Hello, 18% APR mortgages, 20% unemployment, and $8.50 gasoline. The unemployment figures may be adjusted (as they are now) to be only non-government jobs, but as of now, all Chrysler and GM employees are in government jobs. I predict GM will file bankrupcy by the end of June and in doing so will get the same deal that Chrysler did, which is a forgiveness of the $30B bailout debt!
Obama in his incompetence and foolishness has fucked us and fucked us hard, and way too many of you people still think he's a rock star. Open your eyes and get ready to vote this shit out in 2010 and 2012.
____________________________________________
Fuck Yeah!
THANK YOU!
Submitted by no1hasdis (user info) at 2009-06-01 16:26:54 EDT (#)
Ranking: 0
GM filed for bankruptcy today skrap.
Submitted by DarthFaded (user info) at 2009-06-01 16:25:51 EDT (#)
Ranking: 0
Submitted by sandmantate (user info) at 2009-06-01 15:55:43 EDT (#)
Ranking: 0
Is this because Obama added the cost of the Iraq and Afghanistan wars to the budget? Because Bush never did...
________________________________
Oh yeah because an 800 billion dollar stimulus bill, auto bailout, and extension/expansion of public assistance couldn't possibly have anything to do with our massively increased national debt, right?
Submitted by skrapmetal (user info) at 2009-06-01 16:24:55 EDT (#)
Ranking: 0
The Fed just had four failed Bond Offerings in a row. Four opportunities to buy US debt at a set interest rate and four times in a row NO ONE BOUGHT. Not even the Chinese are willing to invest here. The Bond market is going to crash in a few months and that will kill Obama's ridiculous plans of having the rest of the world support his outrageous spending practices. Look upon the 10-Year bond rates v. Short-Term Bond rates and despair. The Russians and most of Asia have already dropped the US Dollar as the economic standard currency. When the rest of the world does the same, the gold you have as a hedge against inflation will suddenly be priced based on the vast quantities of it that Russia and Asia have. Hello, 18% APR mortgages, 20% unemployment, and $8.50 gasoline. The unemployment figures may be adjusted (as they are now) to be only non-government jobs, but as of now, all Chrysler and GM employees are in government jobs. I predict GM will file bankrupcy by the end of June and in doing so will get the same deal that Chrysler did, which is a forgiveness of the $30B bailout debt!
Obama in his incompetence and foolishness has fucked us and fucked us hard, and way too many of you people still think he's a rock star. Open your eyes and get ready to vote this shit out in 2010 and 2012.
Submitted by no1hasdis (user info) at 2009-06-01 15:59:58 EDT (#)
Ranking: 0
Get ready for massive inflation and more economic turmoil as they start printing money to make up for an impossible to meet debt. Weimar republic anyone?
Submitted by sandmantate (user info) at 2009-06-01 15:55:43 EDT (#)
Ranking: 0
Is this because Obama added the cost of the Iraq and Afghanistan wars to the budget? Because Bush never did...
Submitted by RoadSong (user info) at 2009-06-01 15:40:20 EDT (#)
Ranking: 0
How bout we just borrow more money from CHINA? {remember them = tainted pet food bastards?}
Submitted by EmissionImpossible (user info) at 2009-06-01 15:37:39 EDT (#)
Ranking: 1
add downing street and i will discuss.