Why Obama's Economic Plan won't.....

Discussion in 'The Fire For Effect and Totally Politically Incorr' started by momo, Apr 9, 2009.

  1. momo

    momo Former Guest

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    WORK!
    Just got through watching CNN news, they had that crook Chris Dodd on saying that the economy is starting to turn around, all we need is time. No sh*t, Chris, like we didn't know that. That's all any economy needs is time, but with Obama on pace to spend more than the other forty three presidents combined, we may not have enough time.
    Economic fact: the level of spending our illustrious leader is planning is unsustainable, period. Sure, it will work in the short term, but it cannot be sustained over time. If you think it can I urge you to check your history books, the USSR fell apart because they couldn't keep on spending what they didn't have. And who in their right mind would lend money to a communist nation (a point Obama ought to keep in mind).
    Economic fact: people cannot live in homes they can't pay for, nor drive cars they can't pay for. This is because the people actually paying for these people, the taxpayer, will sooner or later wake up and call for an accounting from their represenatives. And that means Chris Dodd and Barney Frank too, who sit up there all high and mighty calling for investigations into why the banking system is all screwed up when they know full well that they are the cause of it all. Passing regulations that require banks to lend to people who would not qualify otherwise does not suspend the laws of economics no matter how much the liberals believe it would.
    Economic fact: the creditors lending money to this country are going to ask for more stringet terms, i.e. higher interest rates, or more collateral. Let's face it the full faith and credit of the government isn't going to cut it with the Chinese, they already talking about going off the dollar standard. If you are perceived as a credit risk your interest rate is going to be higher. If you don't believe me, ask for a loan at your local bank, if they are giving loans!
    Economic fact: we, as a country, no longer make anything. Which begs the question: what are we going to sell to the rest of the world so we can earn money to repay the debt. I doubt our creditors are going to think that warm fuzzy feeling is payment enough!
    Economic fact: only forty five percent of the people in this country pay income taxes! The others have been corrupted by the welfare state into becoming non-producing leaches. They don't do anything, but beleive its their God given right to get welfare, food stamps, and any other kind of assistance because the producing rich steal their money. This notion is one Obama, Pelosi and all the other liberal morons perpetuate. Sooner or later the rich and semi-rich aren't to put up with being demonized and taxed to death. Here's an eye opening example: Governor Patterson of New York wanted to raise taxes on the rich this was opposed by Mayor Bloomberg. Why? Because in New York city, with a population of 8 million, the forty thousand rich people pay for seventy percent of the city's budget, and the good mayor thought if the tax increase went through the rich would begin to move to a more tax freindly environment. That's the U.S.A. in a nutshell.

    I don't know how liberals think, but I do know it does not work in the real world!!!!:mad:
     
  2. ponycar17

    ponycar17 Active Member

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    Oh no, this is the wrong forum! :eek: :rolleyes:

    But on a serious note, US recessions typically last 11 months. The liberals are hoping this remains true for the Obama administration so that the newly-enacted socialist policies appear to be the remedy. That will work for the vast non-thinking public.

    For years we have financed the creation of new world economies by tolerating a trade deficit that presents our GDP with the challenge of being made up of nearly 67% domestic consumer purchases. We have a serious problem but consequently it creates ease of creating and destroying recession (as long as the Chinese will buy our bonds). :rolleyes:

    We're in deep economic trouble, and I will not elaborate here (as it is the wrong forum; worry me :rolleyes: ). I believe that all of this is planned and along with the climate change crisis, the US will bleed most of its wealth to other countries over the next 2-3 years. The only true crisis is our Constitution. Protect that document with all your might and wisdom! :mad:
     

  3. cycloneman

    cycloneman Well-Known Member

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    I watched a news program the other night and there was an analist on talking about the price of fuel. It is slowly going up. Not becuase of short supply or high demand. In fact demand is low right now. It is going up because our dollar is devalued. The more money that is printed out the worse this will get. The cost of fuel is estimated to be around 3.00 a gallon at the end of the year. for the next four years there will be no balanced budget. In fact the administration will keep printing money for the next four years. This will cause inflation like we have never seen. The manufacturing portion of our economy like the farmers, home builders, ect and the truckers that bring products to market cannot pay over 3.00 a gallon for fuel. In the years to come i am afraid that the cost of fuel will skyrocket along with the price of energy. With inflation due to the printing of money this cycle can put a freeze on the way we live.

    I dont doubt that a gallon of fuel will be in the 5.00 range in 3 years.

    Why do you think there are so many commercials on tv asking you to sell your unwanted gold for cash. Gold is the hedge againist inflation.
     
  4. bcj1755

    bcj1755 New Member

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    You know what REALLY pisses me off about this? I was laid off in January. Before that time, no matter what job I had, I was losing about 24.5% of my paycheck every week between Federal income tax, FICA, Medicare, and NC State income tax. 24.5%!!!!! I was losing a QUARTER of my money EVERY FREAKIN' WEEK to pay for the lazya**es that are just too damned special to get off their a**es and WORK for a living! And now I'm unemployed and collecting unemployment every week (but at least I WORKED to be eligable for it) and I"m STILL paying state and federal income tax on my unemployment payments!!!! I got LAID OFF, am looking for another job but CAN'T FIND ONE, am getting just barely more than it takes to keep my bills paid, and I STILL HAVE TO PAY FOR THE LAZY A** SACKS OF S*** THAT ARE TOO F***ING LAZY TO GET OFF THEIR A**ES AND WORK!!!!!!!!!:mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad:
     
  5. cycloneman

    cycloneman Well-Known Member

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    10/4 pony
     
  6. ponycar17

    ponycar17 Active Member

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    I honestly fear that lead, brass, copper and steel are the hedges against what's coming. With the current administration's willingness to devalue the dollar and with other countries' willingness to establish a new monetary unit for reserve currencies instead of the USD, we could be in for deep trouble as a nation. :eek:
     
  7. bcj1755

    bcj1755 New Member

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    I fear you're right. When our whole economic system collapses, as I'm sure Barry wants to happen (because then it's easier to rebuild as a socialist command economy), there will be hungry people roaming the streets and breaking into homes looking for food. A good portion of the American populace anymore has no concept of the value of human life, so I fully expect there to be an orgy of home invasions and murders committed by people looking for food. THAT'S when any kind of ammo stockpile will be worth it's weight in gold (no pun intended:p).
     
  8. cycloneman

    cycloneman Well-Known Member

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    well, the ability of an American to have the dream is fading. We will all be in soup lines if we are not careful. Have eyes and ears.

    BCJ. Try not to get upset. I pray for you. Trust in God not man.
     
  9. bcj1755

    bcj1755 New Member

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    Thanks man, I appreciate that. As for trusting in God, I pay tithing on my unemployment check every week. (I was paying tithing on my paychecks while working also.) That's the reason why I always have enough money to keep my bills paid and usually have a tiny bit left over (it may not be much, but at least it's something).
     
  10. cycloneman

    cycloneman Well-Known Member

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    You know the original title to this thread was why the economic plan woin't work.

    How do you know what the plan is?
     
  11. momo

    momo Former Guest

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    You don't because a new one comes out each week.:confused:
     
  12. bcj1755

    bcj1755 New Member

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    Well, it depends on just what exactly Barry's "plan" is meant to accomplish. If the plan is meant to reapir the economy and get people employed again, then yes it will fail and fail miserably. But if the plan is meant to destroy our capitalist economic system (and I think that it is), then it will succeed.