Ah, you have caught on to the game. The parties are running a good cop/bad cop routine that fools most of the voters, while they are looting the store together wholesale. Most voters will never catch on to this.
HIstory and Bush/Obama
by free2beme 42 Replies latest jw friends
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garyneal
free2beme
I hear what you are saying, economies cannot be just 'fixed' by presidents. I don't believe that they have that kind of power.
I think what is wrong in this country is that we don't have any sort of real leadership.
I also think the economy has even worse times ahead.
Me too, and believe it or not, I actually see that as being a plus in the long run. I think too much of what we are doing now to prop up our economy cannot be sustained. Nothing like a good old fashion great depression to fix people's expectations.
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BizzyBee
Farkel, you are a drama queen. It's just a discussion site, for Gawd's sake!
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JeffT
Farkel, you are a drama queen. It's just a discussion site, for Gawd's sake!
Yeah, Farkel, quit trying to actually carry on a conversation. Most of the people are just here for the free ginzu knives, and maybe airing their fundamentalist political fantasies.
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designs
The Freddie Mac and Fannie Mai debt problem was masterfully designed to set the middle class up and then pull the rug out from under them. Where did the money go, look who were involved in writing these loans for starters.
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BurnTheShips
Where did the money go, look who were involved in writing these loans for starters.
Pretty much the entire financial industry, brah. The lowliest 2-bit mortgage broker (like moi in the late 90's) was submitting apps subject to Fannie Mae rulez for approval. (then standards started to relax, but it got WAAAAAY more relaxed l8ter!)
And all of a sudden, you had all of these "no-doc stated income" loans coming from out of nowhere.
Unprecedented. I didn't get it back then, but it is a symptom of money-pumping. Money needs to find a home. And if it can't find a truly good home, it will settle for an abusive foster-parent. Well, the Fed pumped and pumped, and all that money found a home: in shitty real estate loans.
Now, the Fed is pumping again, in order to correct PAST pimping, I mean pumping, and we are seeing nascent bond bubbles. Who knows where THAT is going to go? Who knows.
Bernanke
Geithner
Summers
Obama
Care to select one of four Horses for each Rider? It's the Barackopalypse, y'know? (And yes, we have a shitload of past Riders, from Greenscam to Paulsonofabitch).
I'm not worried. That which cannot go forever will not. But the screeching halt is unnerving!
Funny munny, bitchez!
BTS
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free2beme
Here is something interesting. The banks have recently been told to stop foreclosures, to insure that everything is done legally and not rushed. The thing is, to tell a bank that you can not foreclose, is to also tell them to stop loaning money. As a bank's value on a loan is equity in the property it is loaned against. Basically, the bank did not buy you a home as a gift, it bought a home you could not afford in one lump sum of cash and made it affordable for you with payments. They make money off it, lots of money, and you get a place to life with a payment you hopefully can afford. Now, if you tell banks, stop taking back these properties and let people live there for free. Well, that stops an economy, and sends us to another recession. If you want to see something happening, to start our economy back in motion, get the damn foreclosures up and going again.
Also, Presidents take all good news as ok and not worth touching. Basically, that is why things that should have been slowed down, were not, as it was good news for the Presidents of those times to quote and take credit for. So they let it go on and on, without control or slowing. Trust me, right now, if the housing market took off again and went crazy. Even though we know what it would lead to, Obama would be stepping back and saying 'let it happen' as I need good news. Politics in general, leads to this kind of mess and the reason for the fall of modern society.
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trueblue
The Fix
There recently was an article in the St. Petersburg , Fl . Times. The Business Section asked readers for ideas on: "How Would You Fix the Economy?" I think this guy nailed it!
Dear Mr. President,
Please find below my suggestion for fixing America 's economy. Instead of giving billions of dollars to companies that will squander the money on lavish parties and unearned bonuses, use the following plan.
You can call it the "Patriotic Retirement Plan ":
There are about 40 million people over 50 in the work force. Pay them $1 million apiece severance for early retirement with the following stipulations:
1) They MUST retire. Forty million job openings - Unemployment fixed.
2) They MUST buy a new AMERICAN Car. Forty million cars ordered - Auto Industry fixed.
3) They MUST either buy a house or pay off their mortgage - Housing Crisis fixed.
It can't get any easier than that!!
P.S. If more money is needed, have all members in Congress pay their taxes..
Mr. President, while you're at it, make Congress retire on Social Security and Medicare . I'll bet both programs would be fixed pronto!
If you think this would work, please forward to everyone you know.If not, please disregard. -
BurnTheShips
Jesus Christ on crutches, trueblue. That vid is an epic stroke of genius.
BTS