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  #61 (permalink)  
Old 06-09-2008
mudwhistle's Avatar
Vice President
Strict Constitutionalist and Radical Right-wing Extremist

 
Member Since: Oct 2007
Location: Clarksville TN
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United_States     Montana

Re: Recession Deepens: biggest unemployment jump in 22 years.

Quote:
Originally Posted by skeptic1 View Post
It was first "necessary to eliminate the veto power of the president"

This will be accomplished shortly !
Right.

Then they won't have anything to stop them.

They'll have no roadblocks keeping them from running this country into the ground.

Then they'll just blame it all on Bush and any Republicans that get in their way.


'Which is worse........One tyrant 2000 miles away...or 2000 tyrants one mile away?'

The end result is usually the same.

A Congress that doesn't answer to the voters is just as bad as a President that does the same.
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  #62 (permalink)  
Old 06-09-2008
mudwhistle's Avatar
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Strict Constitutionalist and Radical Right-wing Extremist

 
Member Since: Oct 2007
Location: Clarksville TN
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Blog Entries: 41

United_States     Montana

Re: Recession Deepens: biggest unemployment jump in 22 years.

First Democrats got their wage increases by raising minimum wage which boosted inflation causing the Fed to lower interest rates shrinking the value of the dollar.

Then they tightened regulations on lending.

Then the adjustable-rate Sub-prime loans, which are a risky investment for any lender, hit the 2 yr mark which means the interest rates went up abruptly.

Politicians were pushing to get people who usually don't have the discipline it takes to own a home into their own mortgages. People who rent usually have to do so because of their poor financial choices. Not everyone is cut out to be a homeowner.

These undisciplined borrowers, or non-bill paying low-lifes and Real Estate speculators, started walking away from their mortgages.

Now we have the Fed cutting interest rates to fight inflation but decreasing the value of the dollar to the point that the price of oil is going up........primarily because most of it has to be purchased from other countries......thanks to the Democrats.

Now do you have an idea what we face and why we are facing it?
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  #63 (permalink)  
Old 06-09-2008
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Joint Chiefs of Staff Member

 
Member Since: Jun 2004
Location: Germany
Posts: 1,460

Germany     European_Union

Re: Recession Deepens: biggest unemployment jump in 22 years.

Quote:
Originally Posted by mudwhistle View Post
Now we have the Fed cutting interest rates to fight inflation but decreasing the value of the dollar to the point that the price of oil is going up........primarily because most of it has to be purchased from other countries......thanks to the Democrats.
Since when is cutting interest rates a way to fight inflation???
Especially the type of inflation, which is caused by low interest rates+abnormal surges in the money supply??
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  #64 (permalink)  
Old 06-09-2008
Secretary of State

 
Member Since: Feb 2007
Location: Southern Oregon
Posts: 5,653

   
Re: Recession Deepens: biggest unemployment jump in 22 years.

Quote:
Originally Posted by Stapo View Post
Since when is cutting interest rates a way to fight inflation???
Especially the type of inflation, which is caused by low interest rates+abnormal surges in the money supply??
No need to confuse him with facts.
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  #65 (permalink)  
Old 06-09-2008
iamwhatiseem's Avatar
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Member Since: Mar 2004
Location: Indiana
Posts: 15,724

United_States     Indiana

Re: Recession Deepens: biggest unemployment jump in 22 years.

Quote:
Originally Posted by Stapo View Post
Since when is cutting interest rates a way to fight inflation???
Especially the type of inflation, which is caused by low interest rates+abnormal surges in the money supply??
.
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  #66 (permalink)  
Old 06-09-2008
Secretary of State

 
Member Since: Dec 2004
Location: AKRON
Posts: 4,679

   
Re: Recession Deepens: biggest unemployment jump in 22 years.

Quote:
Originally Posted by mudwhistle View Post
First Democrats got their wage increases by raising minimum wage which boosted inflation causing the Fed to lower interest rates shrinking the value of the dollar.

Then they tightened regulations on lending.

Then the adjustable-rate Sub-prime loans, which are a risky investment for any lender, hit the 2 yr mark which means the interest rates went up abruptly.

Politicians were pushing to get people who usually don't have the discipline it takes to own a home into their own mortgages. People who rent usually have to do so because of their poor financial choices. Not everyone is cut out to be a homeowner.

These undisciplined borrowers, or non-bill paying low-lifes and Real Estate speculators, started walking away from their mortgages.

Now we have the Fed cutting interest rates to fight inflation but decreasing the value of the dollar to the point that the price of oil is going up........primarily because most of it has to be purchased from other countries......thanks to the Democrats.

Now do you have an idea what we face and why we are facing it?
Yeah, it is all the Democrats fault.

I noticed you failed to even mentioned the manipulated data info I posted.

I love how you preach for others to get informed, when you are the one is totally misinformed.

I mean really, trusting government numbers is like trusting a crack addict with your life savings.
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  #67 (permalink)  
Old 06-09-2008
Secretary of State

 
Member Since: Feb 2007
Location: Southern Oregon
Posts: 5,653

   
Re: Recession Deepens: biggest unemployment jump in 22 years.

Quote:
Originally Posted by Norrin Radd View Post
Yeah, it is all the Democrats fault.

I noticed you failed to even mentioned the manipulated data info I posted.

I love how you preach for others to get informed, when you are the one is totally misinformed.

I mean really, trusting government numbers is like trusting a crack addict with your life savings.
IMO the crack addict offers better odds of success as there are methods of monitoring his/her actions.
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  #68 (permalink)  
Old 06-09-2008
iamwhatiseem's Avatar
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Member Since: Mar 2004
Location: Indiana
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United_States     Indiana

Re: Recession Deepens: biggest unemployment jump in 22 years.

Someone said this once...can't remember who, but it is true..."GDP data is figured on adding machines that have a plus key - but no minus key"
GDP is not, nor has ever been a good indicator of a current economy...it is like relying on an art critic that insist on judging the work from a photograph that was taken 100 yards away.
Better indicators are "bellwether" industries, small business spending, employment data etc.
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  #69 (permalink)  
Old 06-09-2008
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Member Since: Feb 2006
Location: United States
Posts: 18,690

United_States     Texas

Re: Recession Deepens: biggest unemployment jump in 22 years.

Quote:
Originally Posted by iamwhatiseem View Post
Yes - everybody here knows I am a far left anti Busher...course all last year I was a rightwing Bush lover...guess I just can't make up my mind.
Oh please, you've never been a far right Bush lover.

I don't even know what you're holding on to here, you lay so many problems at his feet and yet think that no-one else can solve the problem...btw i never said you were far left, just get into all this flamboyant Bush bashing.
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  #70 (permalink)  
Old 06-09-2008
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President

 
Member Since: Jan 2004
Location: Tallahassee, FL
Posts: 15,480

United_States    
Re: Recession Deepens: biggest unemployment jump in 22 years.

Quote:
Originally Posted by mudwhistle View Post
First Democrats got their wage increases by raising minimum wage which boosted inflation causing the Fed to lower interest rates shrinking the value of the dollar.

Then they tightened regulations on lending.

Then the adjustable-rate Sub-prime loans, which are a risky investment for any lender, hit the 2 yr mark which means the interest rates went up abruptly.

Politicians were pushing to get people who usually don't have the discipline it takes to own a home into their own mortgages. People who rent usually have to do so because of their poor financial choices. Not everyone is cut out to be a homeowner.

These undisciplined borrowers, or non-bill paying low-lifes and Real Estate speculators, started walking away from their mortgages.

Now we have the Fed cutting interest rates to fight inflation but decreasing the value of the dollar to the point that the price of oil is going up........primarily because most of it has to be purchased from other countries......thanks to the Democrats.

Now do you have an idea what we face and why we are facing it?
Bush signed the minimum wage bill. Yes, its a democrat idea, but he still gets some blame.
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  #71 (permalink)  
Old 06-09-2008
mudwhistle's Avatar
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Location: Clarksville TN
Posts: 6,061
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United_States     Montana

Re: Recession Deepens: biggest unemployment jump in 22 years.

Quote:
Originally Posted by jviehe View Post
Bush signed the minimum wage bill. Yes, its a democrat idea, but he still gets some blame.

Yes he should. He tried to work with them and all he got was these little bombs going off down the road in their bills. His father made the same mistake and they burned him for it with the "Read My Lips" campaign.

In the spirit of bipartisanship Bush is trying to work with Congress, much to his chagrin, they are taking advantage of him.

I think he is tired of fighting with them. He is just trying to do what he can and do what the situation allows and finish his days as best he can. Like I said before, no business would stay in business long if the Board of Directors was constantly trying to destroy the CEO.

They refuse to work with the President. That is why gas prices have doubled and why the housing market crashed. That is why food prices are going up and everything is getting more and more expensive.

Sorry to say, but the Democrats have no motivation to fix anything now. The only motivation they have is to screw things up as fast as they can before November. They did it in California a few years back and they intend on doing it nationally.

Why?

Because they can.
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  #72 (permalink)  
Old 06-09-2008
Moderator
liberal idealist

 
Member Since: May 2005
Location: Melbourne, Australia
Posts: 4,861

Australia    
Re: Recession Deepens: biggest unemployment jump in 22 years.

Quote:
Originally Posted by mudwhistle View Post
Right.

Then they won't have anything to stop them.

They'll have no roadblocks keeping them from running this country into the ground.

Then they'll just blame it all on Bush and any Republicans that get in their way.

'Which is worse........One tyrant 2000 miles away...or 2000 tyrants one mile away?'

The end result is usually the same.

A Congress that doesn't answer to the voters is just as bad as a President that does the same.
Hmmm, whilst you are imagining that the Dems are the purveyors of all things evil and will bring about the end of the world, I'd like to point out that for most of the first six years of the Bush administration the Republicans controlled both houses of Congress. Where were your calls for "checks and balances" then? The economy is the way it is because the Republicans took a massive projected surplus and spent it via tax cuts and a war. Bush will be remembered for the unenviable record of being the only US President to enter the White House with the largest budget surplus on record, and will leave it with the largest budget deficit on record. He - nor you - can blame the Dems for that ... no matter how much you want to.
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  #73 (permalink)  
Old 06-09-2008
Moderator
liberal idealist

 
Member Since: May 2005
Location: Melbourne, Australia
Posts: 4,861

Australia    
Re: Recession Deepens: biggest unemployment jump in 22 years.

Quote:
Originally Posted by mudwhistle View Post
They refuse to work with the President.

Why?

Because they can.
I recall when Clinton was President, and the GOP controlled Congress that they refused to work with him also. Don't you dare try to make this posturing out to be all one-sided. The GOP play the EXACT same game that the Dems do, and don't deserve the halo that you are trying to put on them.
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  #74 (permalink)  
Old 06-09-2008
President

 
Member Since: Jan 2007
Location: USA
Posts: 15,400

United_States    
Quote:
Originally Posted by noahath View Post
I recall when Clinton was President, and the GOP controlled Congress that they refused to work with him also. Don't you dare try to make this posturing out to be all one-sided. The GOP play the EXACT same game that the Dems do, and don't deserve the halo that you are trying to put on them.
W.r.t. the contract with America that the GOP had, their motivation was to get something done. They did and they did get something done. I have to say I don't see that kind of moitivation from this Congress, rather I see a motivation of obstruction. Maybe it's to help a Presidential election, maybe not. It's not hurting one. I am putting no halo on either party, though.
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  #75 (permalink)  
Old 06-09-2008
Moderator
liberal idealist

 
Member Since: May 2005
Location: Melbourne, Australia
Posts: 4,861

Australia    
Re: Recession Deepens: biggest unemployment jump in 22 years.

Quote:
Originally Posted by Si modo View Post
W.r.t. the contract with America that the GOP had, their motivation was to get something done. They did and they did get something done. I have to say I don't see that kind of moitivation from this Congress, rather I see a motivation of obstruction. Maybe it's to help a Presidential election, maybe not. It's not hurting one. I am putting no halo on either party, though.
I was responding to posts by another poster who was arguing that a Dem White House with a Dem-controlled Congress would bring about the end of the world. I was trying to point out that the current ills of the world cannot be blamed on the Dems solely, as there have been times in the VERY recent past where the GOP-controlled Congress blocked Dem Presidential activities. I was pointing out the blatant hypocrisy of the assertion, that's all.
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