10 things about our new budget

[mrsleeve]

Wow how hard is this that hard to get. If you spend more than you make, that = bad. You have 2 choices earn more money or cut what you spend, WHY is it that we are not cutting govt spending on useless things right now. Why ??????????? Why are we increasing the size scope and invasiveness of the govt when we should be doing the opposite. No instead we are on a all out spending spree, and stealing from our children, who will be the ones who ultimately pay for all this. Its like our elected officials are 15 year old MTV girls with daddy's credit card and daddy is all out of money and about to lose his job and kill him self.

We will be taxed more to fund all these stupid programs that reward the irresponsible behavior and a larger govt. my god I need a drink.

[atomic]

There's a difference between completely unsustainable and potentially sustainable. (call me an idealist, call Obama a shill, whatever, there's a difference.) What we did to get in this position was unsustainable, in that it provided no infrastructure for creating investment opportunities. (other than military contractors)

This plan is an attempt to bring back a sustainable infrastructure, in that the systems it creates and invests in provide a steady, positive return after an appropriate initial amount is paid.

You should understand that a big part of this problem was brought on by the sub-prime housing market. Which those laws were put into effect in the Clinton administration under Sec. of Housing & Urban Development (Andrew Cuomo). And now we have to RUN to China to beg them to buy our bonds to keep FINANCING us into this downward spiral we are in.


:twisted:

[kronus]

You should understand that a big part of this problem was brought on by the sub-prime housing market. Which those laws were put into effect in the Clinton administration under Sec. of Housing & Urban Development (Andrew Cuomo). And now we have to RUN to China to beg them to buy our bonds to keep FINANCING us into this downward spiral we are in.


:twisted:

Yeah, I'm aware of that one. I don't subscribe to any single party's speaking points and blindly parrot their cause, and don't have any problem saying that that was a mistake in retrospect.

Be thankful that someone has money left. If China couldn't buy our bulked bad loans everyone would be in much more hot shit than they are now. It happened in Russia in '98.. let's hope it doesn't happen this time. (although this time it's much worse)

[mrsleeve]

Be thankful that someone has money left. If China couldn't buy our bulked bad loans everyone would be in much more hot shit than they are now.

If we had not let all of our manufacturing jobs with bogus trade deals go to China, mexico, Jordan ,brazil and the like we would not have to run to china the money would still be here in this country. This predicament would not be as bad as its going to be, because people would still have jobs or there would at least be more choices out there.

[kronus]

If we had not let all of our manufacturing jobs with bogus trade deals go to China, mexico, Jordan ,brazil and the like we would not have to run to china the money would still be here in this country.

Well, yeah. And we'd have things that don't fall apart after a year of use.

Also I want a pony and a great big bunny rabbit made of candy, Santa.


EDIT - The US capitalismed its way into this shit. Capitalisming some more isn't going to help. Yes, I just verbed capitalism.

[mrsleeve]

Well who singed the bulk of the bad trade deals, Who was the 1st to open up trade with china?????

that said I not saying Bush did good things and not saying that we needed 4 more years of that, what I am saying, is this road we are going down is not a good thing.

This 1st month of Obama look where the markets have gone (every time he talks they go down and I and we all lose money). Look how many people are getting the can, wonder how many more will get it. The GOVT is saying go out and spend, spend, spend, rack up your CC bills, because thats exactly what they are doing. Its wrong it will punish all of use who actual have to earn a living and support our selves. Why do I who has been responsible and not bought more house than I can afford and am renting till I can but the property I want, have to pay for all the idiots out there that got them selves into trouble???????????????

[kronus]

Back in 2008, I said:

February will suck in the home market, it will have to try very hard not to collapse. Obama will be blamed, even though people in the know have known that this collapse is inevitable.

Obama's presence and the markets' collapse happening concurrently does not mean one caused the other. The financial tycoons couldn't give a secretary's queef about what Obama does... they have bigger problems in the forms of trillions in bad loan packages that were repackaged and sold back and forth until nobody had a clue who owned what originally.

[mrsleeve]

^^^^^^^^^^^^^^^^

No shit

But the spending that is going on and his polices are now pushing the market down even further, Dont you think if there was any confidence in what he is doing is going to help, the markets would go up?????????????????? Seems fairly reasonable by both your argument and mine dose it not.

Those loans were made because of GOVT interference thanks to Carter and Clinton, Let the repo's happen let the market normalize to where it should be and let all those that could not ford to pay for a home (for what ever reason) go back to renting again. This is going to happen, one way or another no matter how much money we pump in to it. Unless of course the tax payers just pay for the property and sign the deed over to the undeserving idiots. This is just what happened in the years that preceded the Great depression. Go talk to old people that were alive and see if they have any parallels you might be surprised

[Danny]

Dont you think if there was any confidence in what he is doing is going to help, the markets would go up??????????????????

Is this a question or a statement?

[kronus]

^^ regardless of whether it's a question or a statement, Obama has less of an impact on the DOW than you think.

[mrsleeve]

Is this a question or a statement?

Both

[kronus]

Well, in the current situation, investors have their tails solidly between their legs no matter what the black Jesus says or does, because they've just ridden the roller coaster down almost 50%. They're not going to make any optimistic choices and non-guaranteed investments until the financial atmosphere retreats from certain doom.

Ironically, the financial atmosphere won't do so until the investors make some optimistic choices and let some money into the system.

[mrsleeve]

WTF kinda run around the question was that.


IF all the investors thought what the "Black Jesus" has got going on, in the 1.2T + in stimulus packages and a bloated budget was going to help and fix the economy, dont you think they would be making more "optimistic choices"???? It seems that many are selling off and taking their money and going to a beach some where to retire.

You watch when the next 4XXBillion is signed early this week you will see the DOW drop at least 400 points.


Maybe after some of you college and HS guys have had a real job for a while and have to live on your own and fend for yourselves you will get it. I used to be a hard line dem till I realized and educated myself as to what the hell was going on and how things worked.

[kronus]

I've already told you several times that the games investors play don't have big Obama variables in them... I'm not sure why you continue to ignore that statement.

The last time everyone blamed a DOW drop on some sort of Obama plan (a few weeks ago), it was because of a completely different reason: a bill that would let investment banks federalize entire loan tranches didn't pass.

If it did, the rich would get richer, and the poor would continue to lose what little money they had. Why did the DOW drop? Because the rich failed to get richer and were understandably pissed about that.


Yes, the words "hope" and "change" are in my vocabulary. I "hope" that Obama's "changes" will be successful. This is a whole lot more credit than your camp is giving him, and it's frankly annoying to see you all so convinced that what Rush told you is right, and blaming Obama for being a socialist and bringing this country into ruin with his draconian tax program (that doesn't even affect you), without proposing any better ideas*.







* tax cuts is NOT A BETTER IDEA.

[mrsleeve]

RUSH is a idiot I dont listen to him hes nothing but a blow hard and a alarmist.

That said I have had enough