Obama to waste $1 TRILLION on GARBAGE

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twoshots
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24 Mar 2009, 9:27 am

Sand wrote:

Averick wrote:

Yeah, but you went to a really cold climate. Do you feel that as being a turnoff?

A misperception. Aside from one or two days per year when it might hit 15 to 20 below freezing in the winter the temperatures are about the same as New York except none of those 90 plus days in the summer. Here summer hits a bit over 80 once in a while but usually is a bit more comfortable.

Expatriating just to get away from the godawful climate in the United States has its appeal. All the fun of frostbitten arctic winters and sweltering tropical heat: thy name is continental climate!

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Sand
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24 Mar 2009, 9:38 am

twoshots wrote:

Sand wrote:

Averick wrote:

Yeah, but you went to a really cold climate. Do you feel that as being a turnoff?

Expatriating just to get away from the godawful climate in the United States has its appeal. All the fun of frostbitten arctic winters and sweltering tropical heat: thy name is continental climate!

Climate was not a consideration. I took my army basic training at Keesler Field in summer in Mississippi where the temperature reached 110 F on occasion and my radio training at Truax Field in Wisconsin in winter where the temperature went down to minus 20F frequently. Since then no extremes bothered me. Helsinki is rather mild in comparison.

Last edited by Sand on 24 Mar 2009, 10:58 am, edited 2 times in total.

Averick
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24 Mar 2009, 9:39 am

I'm going to Tanna Tuva!!

Last edited by Averick on 25 Mar 2009, 12:05 pm, edited 1 time in total.

Haliphron
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24 Mar 2009, 2:21 pm

Cyanide wrote:

http://news.bbc.co.uk/2/hi/business/7958501.stm

Over $3,000 from every man, woman, and child is going to go toward TOXIC ASSETS. Our government is buying GARBAGE with $1 TRILLION of OUR money!! !

Uh-huh.........................But at least this administration is not DUMB enough to give in to the whiney rants of those who religiously believe in supply-side economics. Like the idiotic idea that lowering taxes will help the economy in a time like THIS, especially given the fact that there is a Bear Market and that "Smart Money" strongly suggest this is a terrible time to invest venture capital. If we let the banks fail you realize that MILLIONS of people would lose their money and their savings and would have NOTHING to spend. The economy isnt going to get much better until consumer confidence is restored and people start Spending instead of saving.

Cyanide
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24 Mar 2009, 5:54 pm

Haliphron wrote:

Cyanide wrote:

http://news.bbc.co.uk/2/hi/business/7958501.stm

Over $3,000 from every man, woman, and child is going to go toward TOXIC ASSETS. Our government is buying GARBAGE with $1 TRILLION of OUR money!! !

Umm, lowering taxes DOES help the economy, because it gives people more disposable income. More disposable income = more spending = better economy. Though, since our government already has been putting us in major debt for years (thanks to Bush, and now Obama), lowering taxes is kind of a stupid thing to do without seriously cutting spending first.

As for the banks failing, the government guarantees... I think it's $200K of savings now (even though that's just more printed fiat money, but oh well). I fail to see how you can justify rewarding banks for their incompetence. The fact that giant banks and corporations know they can rely on the government creates moral hazard. This pretty much means that they will gamble in stupid ways, because they know that the government will cover their losses. This makes everyone worse off. Conversely, If the government *didn't* intervene like this, then businesses/banks would have to act more prudently... otherwise they would fall without the government catching them (like they should).

ooOoOoOAnaOoOoOoo
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24 Mar 2009, 6:22 pm

Glad to see you are all partisan but it doesn't really matter who's in office they're all pretty much the same. All they do is spend, spend, spend.

John_Browning
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24 Mar 2009, 6:55 pm

ooOoOoOAnaOoOoOoo wrote:

Glad to see you are all partisan but it doesn't really matter who's in office they're all pretty much the same. All they do is spend, spend, spend.

Bush didn't try to spend more than 3 trillion dollars 2 months into his term in office.

aka010101
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24 Mar 2009, 7:32 pm

He DID get us into two vietnam level wars that have cost us at LEAST that much by now. At least obama is trying to get us out of Iraq.

Cyanide
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24 Mar 2009, 9:13 pm

aka010101 wrote:

He DID get us into two vietnam level wars that have cost us at LEAST that much by now. At least obama is trying to get us out of Iraq.

Stop fooling yourself. During the campaign, Obama said he'd immediately start withdrawing from Iraq. Now he's expanded Afghanistan, and he says "Uhh.... maybe in 2 years I'll start thinking about withdrawing some troops from Iraq..."

John_Browning
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24 Mar 2009, 11:41 pm

Obama doesn't have enough experience to know what he is doing. :evil:

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Sand
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25 Mar 2009, 12:08 am

John_Browning wrote:

Obama doesn't have enough experience to know what he is doing. :evil:

Bush was too stupid to know what he is doing, now Obama is inexperienced. Is the Presidency a training ground or a position that requires somebody who is capable? Bush may have been a mental disaster but Obama is no mental dud. Why he is acting this way is something that has yet to be revealed but it is an unhappy experience for the country who elected somebody who seemed to have dynamic and effective solutions readily available. Where are they?

ruveyn
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25 Mar 2009, 6:19 am

Sand wrote:

John_Browning wrote:

Obama doesn't have enough experience to know what he is doing. :evil:

Bush was too stupid to know what he is doing, now Obama is inexperienced.

Dubya was capable of flying a military jet airplane. Stupid people do not fly jets and live. I am a pilot. Believe what I say on this matter. There are no dumb pilots who fly and live.

Dubya was not wise. He made very bad decisions. He took advices from his dad's old buddy Dick Cheney. He hired Dumb Donny Rumsfeld as secretary of defense. Very bad decisions.

Now consider the very intelligent Barak Obama (Harvard Law Review -- not a place for dummies). He hired that fly weight Geithner as his secratary of treasury. Worse, he hired the Wicked b***h of the West, Hillary for secretary of state. He is spending money that neither he nor anyone else has and is putting great, great grandchildren in debt.

Intelligence does not guarantee wisdom one bit.

ruveyn

monkees4va
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25 Mar 2009, 10:26 am

ruveyn wrote:

monkees4va wrote:

hmmm
seems like he's trying to get the middle class some leg room and get them out the financial crisis
doesn't seem like garbage to me
our country has implemented similar systems, and we are slowly getting back on our feet.

How slowly? Under the FDR New Deal, the U.S. did not reach its pre-depression level of prosperity until around 1947 when price controls came off. Lets see now. 1933 - 1947 is 14 years minus 4 years for WW2. That comes to ten years.

ruveyn

I'm not american. I'm a brit :lol:

actually, I'm a jock. A scotswoman.

anyway, back to our discussion, the whole of our country supports Obama. So there must be something good about the guy
Everyone also wanted hillary (although recently I've got in the habit of calling her killary :S XD)
We all thought Mccain was horrid. Our country is liberal run, and although we are the most watched country in the world with the highest restrictions on personal liberities, most people are pretty happy here.

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Sand
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25 Mar 2009, 11:34 am

ruveyn wrote:

Sand wrote:

John_Browning wrote:

Obama doesn't have enough experience to know what he is doing. :evil:

Bush was too stupid to know what he is doing, now Obama is inexperienced.

Dubya was capable of flying a military jet airplane. Stupid people do not fly jets and live. I am a pilot. Believe what I say on this matter. There are no dumb pilots who fly and live.

Dubya was not wise. He made very bad decisions. He took advices from his dad's old buddy Dick Cheney. He hired Dumb Donny Rumsfeld as secretary of defense. Very bad decisions.

Now consider the very intelligent Barak Obama (Harvard Law Review -- not a place for dummies). He hired that fly weight Geithner as his secratary of treasury. Worse, he hired the Wicked b***h of the West, Hillary for secretary of state. He is spending money that neither he nor anyone else has and is putting great, great grandchildren in debt.

Intelligence does not guarantee wisdom one bit.

ruveyn

I also have a pilot's license and have seen pretty dumb things done with an airplane. A very large percentage of flying accidents and fatalities is regularly laid to pilot error. Once you get the thing into the air it mostly flies itself and although landings can be tricky they are basically not over difficult. To judge intellect by the ability to fly a plane is an error. It's tougher to drive a car well in traffic although the possibility of a fatal error is less.

I haven't seen much wisdom in any government for quite a while but then, never having spent time as president, I am not sure what I would do. I am no fan of either Bush or Obama.

GeorgeM
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25 Mar 2009, 11:36 am

To Republicans/Conservatives:

You spend all this time ripping Obama's policies to pieces. May I ask, what exactly is your plan to getting the economy back on track and the fixing the other various problems?

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25 Mar 2009, 11:45 am

GeorgeM wrote:

I'm neither a Republican nor a Conservative, but I have a daring suggestion. Dissolve the corrupt banking system and use the resources you actually have instead of putting your trust in fiat money. When the US entered WWII, for example, they 600 operative fighters, and because of the Great Depression America has neither money nor gold to afford any more, yet they had 9000 three years later. You have potential, but you're hamstrung by the stupid monetary system.

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