Obama is supposed to allow funding for Stem Cell Research!
this is awesome and finally possible since we got the bible thumbing close minded idiot out of the white house.
discuss.
Obama is supposed to allow funding for Stem Cell Research!
Obama is supposed to allow funding for Stem Cell Research!
this is awesome and finally possible since we got the bible thumbing close minded idiot out of the white house.
discuss.
Paul "your bullshit makes the flowers grow"
Stem cell research is good and all but..
Obama was also supposed to fix our economy and the DOW is the lowest it's been since 1997.
I think we've got bigger problems than stem cell research..Shit should be on the back burner until the government actually has money to be spending on BS.. Oh wait...
I agree with stemcell research. It has the ability to improve the lives of millions of people in this country.
As far as the last idiot in the white house, he was FAR better than the idiot currely squatting there.
wow do you really think it can be fix in 2-3 years. Yeah the dow is at its lowest point, but the dow was inflated due to the bad lending practices which caused the dow to go right back down.Originally Posted by RedEj8
2006 Evo IX - Bolt ons
your kidding right... past 8 years has done nothing but decline so i would say obama is riding bush trends and once we bottom out things will turn around and he will be a hero. love it or hate it this is how things will work. whether it will take 1 term or 2 it will happen.
Paul "your bullshit makes the flowers grow"
i dont think spending us into oblivion is any better than what Bush did which was let the Fed run wild.
Obama , mark my words, will go down just as badly as Bush did, ill bet you $100 his approval rating is in the 30s by August. takers???
Obama cant spend us out of this, hes only making it worse, and the public is already turning on him cause he cannot keep any of his campaign promises. and to be honest there is no way he could. It was going to work against him. He can only blame Bush for 6months tops , then poeple will focus on him.
Hes got tax cheats that cant get confirmed, and as the economy continues to decline despite 1.9 TRILLION in spending, he will take the fall.
mark my words
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oh and im calling it now, republicans will take back in massive numbers in 2010, and Obama will be a 1 term president.
ill put $100 on that too
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youve got to be kidding me......
EF SQUAD FTMFW!!!!
you can't expect overnight results, and no one can expect any action we take will work; the times we are seeing are worse than we've seen in a long time, but history repeats itself... we will bottom out eventually and make our way back. these aren't the end of days and the 2nd coming of jesus isn't happening.
you can't blame obama for our current situation; the money being spent isn't all that much when put into perspective. the war will end up costing us over 1 trillion. once the poster child for failed actions is now pushed under the rug due to the economy
i will be highly surprised if reps can take back the white house next term, sorry the numbers aren't there and the only people bitching about him seem to be the right. i don't expect to agree on this w/ any of the right b/c they would like to hold him accountable for everything and he has only been in office what 2 months?
Paul "your bullshit makes the flowers grow"
OBAMA ISNT SPENDING THAT MUCH???!?!!!! ARE YOU KIDDING ME!!!you can't expect overnight results, and no one can expect any action we take will work; the times we are seeing are worse than we've seen in a long time, but history repeats itself... we will bottom out eventually and make our way back. these aren't the end of days and the 2nd coming of jesus isn't happening.
you can't blame obama for our current situation; the money being spent isn't all that much when put into perspective. the war will end up costing us over 1 trillion. once the poster child for failed actions is now pushed under the rug due to the economy
i will be highly surprised if reps can take back the white house next term, sorry the numbers aren't there and the only people bitching about him seem to be the right. i don't expect to agree on this w/ any of the right b/c they would like to hold him accountable for everything and he has only been in office what 2 months?
the war = 1 trillion dollars..... that has lasted about 7-8 years so far......
OBAMA- this fuck has been in office for 2 months and has spent DOUBLE what the war has cost.......(1.9 trillion SO FAR)
1.9 trillion is more than ANYONE will make in their lives.... EVER.
1.9 trillion is 17.4% of our ENTIRE national debt.....
stop swinging on Obama's nuts and pull your head out of your ass.
He IS accountable. hes the President for God sakes. you are also accountable for your own actions....
EF SQUAD FTMFW!!!!
Back on topic... since theres a possibility my mom has ALS (aka Lou Gherig's disease) I approve 100%.Obama is supposed to allow funding for Stem Cell Research!
this is awesome and finally possible since we got the bible thumbing close minded idiot out of the white house.
discuss.
you can't expect overnight results, and no one can expect any action we take will work; the times we are seeing are worse than we've seen in a long time, but history repeats itself... we will bottom out eventually and make our way back. these aren't the end of days and the 2nd coming of jesus isn't happening.
you can't blame obama for our current situation; the money being spent isn't all that much when put into perspective. the war will end up costing us over 1 trillion. once the poster child for failed actions is now pushed under the rug due to the economy
i will be highly surprised if reps can take back the white house next term, sorry the numbers aren't there and the only people bitching about him seem to be the right. i don't expect to agree on this w/ any of the right b/c they would like to hold him accountable for everything and he has only been in office what 2 months?
hmmm i remember a certain group of people bitching about the national debt and how republicans always amass huge debt.
Obama has spent MORE than George Washington to George W Bush COMBINED. ANd hes only been in office for 2 months.
We cant afford for stuff to not work paul. The amount of money in the system has TRIPLED IN THE LAST 5 months.
Do you know how fractional reserve banking works? honest question.
THe person to blame is every politician on the hill, bush, obama, clinton. The democrats have had control of congress for 2 years, THEY APPROVE ANY BUDGET THE PRESIDENT HAS, you know that right. So when Pelosi and Obama are bitching about how much Bush spent, you KNOW for the last 2 years SHE HAS APPROVED IT an has the power to deny it.
We have NO fiscal responsibility, we are being lied to, and the politicians are taking us on a ride into the end, but hey as long as they make enough money....................
all the signs are there, hell even MAINSTREAM MEDIA is talking about it. Nationalizing banks, hyperinflation, etc.
Obama is gone in 4 years, if we even have much of a country left
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its kinda like this.
everyone thought obama was gonna get out of this situation we put ourselves in, and truthfully, he can only do so much. the economy is going down, one way or another, and they're gonna blame obama for it. plain and simple.
our country is gonna hit the shithole before anything gets better. its been like that before, and its gonna happen again. history repeats its self. now, i'm not saying we are going to hit another great depression, but we just might get pretty damn close to it. and most people don't realize that you can't fix a country over night, highly doubt it in a single term and odds are still against him for 2 terms.
me, personally, i don't think congress realizes how bad of a situation we are in. i mean, fuck, look at them. they sit in a office discuss how they are gonna fix a problem they don't have. they're not the ones who are getting pushed out of their homes and shit. they're still sitting there making money like motherfucking woah. mccain, for instance, has so many fucking houses, he can't remember how many he has. you think he's worried about how things are playing out? hell no, he's got money, why should he care? its not him that is going thru the shit like the middle class people.
the public, the media, and everyone else BUT the gov't is concerned. the gov't is about the only ones who doesn't need to worry about anything, cause they're still geting paid some mad bank like no other. if they TRULY wanted to help us out, do you not think they would donate some of the money they're making in order to help us out?
i mean, if i really cared about my country, i would, but how many of them have yet to even think about doing it?
Which one of these programs do you think is going to get us OUT of a recession?
634B down payment on nationalized healthcare? That is supposed to last 10 years too, in fact that will be a yearly expense that will never go away.
410B spending bill with over 8600 seperate earmarks totally nearly 18B.
790B bailout package that was also fille with 10's of billions in pork. So far the only highlight of the bailout, 25 new govt jobs. Cops that make less than 40k a year.
Raising taxes on the rich? These are the people that create jobs, why would you want to take more money out of their pockets? Oh and 250k a year isnt rich. They are living well, but they are FAR from rich. I dont say I beleive it, but I will throw this out there. I heard on hannity that if the govt confiscated the entire yearly salary of every American making over 70k a year it will only add up to 1.7T. I wonder where he is getting the money for this 3.5T budget.
Lets say that Obama's plan creats the 3.5M new jobs that he says it will. He said that 80% of them will be in the private sector. That means 700k new govt jobs, with new govt pensions. Those can never really goa way either.
All of Obama's hopes and dreams rest on the fact that Americns are depenadant on govt. More govt jobs, more govt handout programs, moe govt intrusions into your daily life. Where do you eally think he is going to stop?
I do think Obama will be a 1 term president as by the 2012 budget he will have either raised taxes at least 50% on everyone or the deficit to a point it will make Bush look like a penny pincher. Which he already does compared to the spend happy lobbiests and tax cheats running this country now. Hell, why should they care, they arent paying their taxes anyways.
Um, when am I getting my stimulus money?
Then I will worry about this.
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YES! This is one thing he is doing right!Obama is supposed to allow funding for Stem Cell Research!
this is awesome and finally possible since we got the bible thumbing close minded idiot out of the white house.
discuss.
You are not getting any.. There will not be any stimulus checks this time around. The program has no relation to the $600.00 checks people were given on the first go around. The stimulus package will be working with your withholding taxes within your paycheck.
this is the only good thing obama has done since he's been in office....he will be gone in 4 years......how can people say well obama hasnt spent that much compared to bush? that does not justify anything.....and look where the damn money is going...unemployment is 8.1% and yesterday he talks about saving the jobs of 25 damn cops? and for him to say there isnt any earmarks in that damn bill is crazy....he is already gone agaisnt almost everything he promised in his election.....as a researcher myself, this is the one good thing he has done.
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what I dont understand is how people are jumping all over obama like its his fault for this mess the economy is in, already writing him off as a failure. its really no point in trying to discredit him, he won the election, so of course let him run his term. its as simple as that. i will decide rather he is the right man or not at the "end" of his term.
lets face it, no matter who would have won the election out of obama or mccain, money will be spent, its inevitable, its bound to happen. if it was mccain in office he would be spending dollars as well, so no use in complaining.[
QUOTE=tatodotcom]this is the only good thing obama has done since he's been in office....he will be gone in 4 years......how can people say well obama hasnt spent that much compared to bush? that does not justify anything.....and look where the damn money is going...unemployment is 8.1% and yesterday he talks about saving the jobs of 25 damn cops? and for him to say there isnt any earmarks in that damn bill is crazy....he is already gone agaisnt almost everything he promised in his election.....as a researcher myself, this is the one good thing he has done.[/QUOTE]
No one is saying we are in this mess because of Obama. Pretty much everyone will agree that we are in the mess because of legislation passed by Clinton and then ignored by Bush even after signs of doom started to raise their heads.
Why shouldnt I point out his lies? Why should I give him a free pass when he is hurting the economy even more than it already was? Even the CBO said that his plan would cause a lowering of the GDP after a quick and unsustainable bump. EVERYTHING he is proposing to this point hurts the economy as a whole.
You are right though, McCain would be just as bad as Obama was. This is why I didnt vote for him either. If you voted at all this year you were simply voting for who you thought would benefit you most. Being a middle class WASP I knew that I was screwed with either canidate.
RON PAUL!
Ok, so why didnt we wait for Bush to get out before we decided ? he was dead in the water 3 years ago.
hmmmmmmmmmmmmmmmmm
Obama is making worse decisions than Bush did at this point in time.
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hmm i hear you, you have a good point. this mess could have been avoided terms ago.
So what do you suppose we should do about the economic situation, sit there and not be proactive at all? Go take a look at Japan's recession through the 90s started similar to ours with housing bubble, and their gov't didn't even try to do anything about it and they are still trying to recover from it and its been 12 years.
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I'll take that bet for sure, because I guarantee y'all will fuck up and not put Mitt Romney on the ticket, he was my initial choice for president but your party is in shambles and its hilarious thinking you will get the house and senate back in 2010.
The University of Florida Gators 2008 Football National CHOMPions.
Yes, we sit here and let it run its course. It will be painful and it will not be a quick recovery, but it wont lead to heavily increased govt intervention in everyday life and it will serve to teach Wall St. a lesson.
Sorry but you can't sit stagnate and think things will be ok; with job losses 600,000+ a month we aren't doing anything for the American people by not doing anything. Spending under Bush was comparable and exceeding WWII spending(highest ever). So what is currently happening in Washington is direct result of bad habits. Now that isn't to say that some of this money won't help us and that we won't make money off of the some of this spending. If spending creates jobs which it will then it will be effective; it won't fix it but it will help lesson the fall until we start to turn upward again.
Paul "your bullshit makes the flowers grow"
ok......
so we spent over a trillion and job loss has gotten worse, so what say you to that?
remember the 700 billion in october? the 800 billion last month? Job losses are still increasing.
Obama has spent more in 2 months, than BUSH to WASHINGTON COMBINED. Dont tell me this is all Bushs Fault. BUsh spent alot cause we had 9/11 happen, historically a terrorist attack or a war costs money. Whether you agreed with the war or not, it costs money.
Bush let the FED run wild, and Obama is letting the Dems spend money without challenging them because he is in THEIR POCKET. IF he signs the Omnibus bill with over 8000 earmarks, he has failed as a president because he is directly violating his promises he made during the campaign. WOuldnt be the first time, but there is no arguing this point.
You guys know that we cant pay off our national debt ever right? our entire monetary system revolves around us having debt, thats how fractional reserve banking works.
If we let business fail, other VIABLE business will step in an take them over an return them to profitability. Thats the way it works. If we keep bailing them out, theres no incentive for them to really make a push to be profitable, cause hey, we still get paid millions (CEOs) and people still have jobs.
EDIT: BAD HABITS THE DEMOCRATS AND REPUBLICANS have facilitated. Neither party is innocent. I mean the same people in power NOW were in power for the last 4 years under BUSH, what makes you think any of it will change.
NEWSFLASH: The Congress APPROVES THE BUDGET, NOT THE PRESIDENT, so the ONLY REASON SPENDING INCREASED WAS BECAUSE CONGRESS VOTED "YES" which has been democratically controlled for the last 2 YEARS
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i understand how the bills work
bush administration spent a shit ton w/o any oversight (including w/ rep majority and economy still fell; notice bush never said recession until fall of 08') - we are now having to bailout the same people and create oversight... do i agree? not 100% - think something needs to be done and if it could be done for free i'm sure we would do it but it can't be done for free.
with the money spending going on w/ the new stimulus bill we can't accept to see any improvements until it is circulating in the market. there is always going to be pork whether you like it or not and it isn't just dems who create/spend on pork. everyone is at fault for our current situation and spending needs to get undercontrol from war, social programs, etc
Paul "your bullshit makes the flowers grow"
If we were going to stimulate the economy, then do that. You can do that without spending crazy money though. You could do a complete tax holiday for a year for the cost of the 2 bailouts. How much more money would you have put into the economy if you went a complete year with no income tax deductions? It may have even been 2 years if they still withdrew SS and medicare.
The fact of the matter is that the bailouts didnt work. Citi released today that they ran at a profit for the last 2 months and stand to make a profit for the quarter if they arent dealt any other blows this month. According to the analysts on e-trade's website that piece of news was the driving force in the gains in the financials on the market today.
Next we will get into where the money was spent. Billions were spent of pork projects that have absolutely no effect on the economy. Billions more are going to projects that will not be started for at least 3 to 5 years. Dems killed an amendment that requires contractors to use the e-verify system to make sure that the people that work on these contracts are legal workers. It doesnt help the economy if 15% of the money paid out goes to an illegal that sends the money back to Mexico.
On your last comment I agree 100%. Until spending is under control no amount of taxes will even scratch the surface of our debt. That said, Obama is going to push HUGE tax hikes and even more spending than Bush ever did. That 3.6T budget for next year is proof of that.
My last comment I will make is that Obama has once again been proven to be a liar and completely lacks the ability to lead. He made all these great promises that I actually believed at first. Pretty much every one of his campaign promises of any consequence has been ignored. No transparency, no fiscal responsibility, not even a pull-put of Iraq. There are still huge amounts of pork, lobbiests in the cabinet, and tax cheats running rampant.
we wouldn't be any better shape w/ mccain actually i think worse shape... obama is still fresh and has tons of time to make things happen. our economic crisis is far worse than 9/11 he by far has one of the worst presidency starts in history.
- going to have to raise taxes
- cut spending
- hold execs accountable (seize assets if necessary)
- start pulling out of iraq and start requiring repayment even oil for repayment
- do something about illegal immigration ASAP
- create jobs (infrastructure, research grants, etc)
Paul "your bullshit makes the flowers grow"
I'm not a McCain fan by any means, but I think we would be at least in the same shape as we are now, maybe better because he would have probably found a better treasury Sec.
These go hand in hand. Tax jumps are absolutely useless without SERIOUS spending cuts.
Its not the govt's job to be involved in business. Now, I do agree with forcing the SEC to be more proactive. They had warning about Madeoff and Stanford but they ignored them. The SEC in also VERY short in investigators.
The pullout of Iraq needs to have a VERY loose timeline. That has to be based 100% on Iraq becoming more self sustainable. Maybe not repayment, but requiring oil sales at a specific price for a set period of time, say 10 years.
One of the biggest issues with this country. Its not even so much about immigration. It has more to do with drug trade and the risk of people MUCH more dangerous than someone looking for a job or someone selling heroin coming through the same routes.
Its not the govt's job to create jobs. Govt needs to shrink and become more efficient, not grow and become less efficient.
So, a couple of my economics professors figured this out last week and shared. I don't know how accurate this is but oh well..
If all the corps. in trouble weren't bailed out and were just allowed to die like they should....the unemployment rate would be about 20%. If that 20% were to get unemployment money..$25000 each, that would only equal $300B. Give them $50k..600B... To make it 1.8or9 Trillion, you could pay all those people about $120k for unemployment.
Saving these corps that are supposed to die just creates zombie companies.. They are the living dead. Don't need to be here anymore and aren't good for anything. Just let them file chapter 11 like they should..
The news about Citi is great though. If they are now running at a profit it will bring in HUGE numbers of investors who will see their stock price for what it is, a GREAT long term stock that is selling at pennies on the dollar.
I guess that is true. Now hopefully they can keep it up.
almost there, nobody even mentions where the $$$ comes from, the federal reserve. and most people don't even realize the federal reserve is not federal at all, abt as federal as federal express. it is owned by THE WORLD BANK, and if i remember correctly the rothschild family has a 60% share in the fed, same goes for the rockafellas, etc. so all this money being pumped into our system is going to cause our currency to collapse b/c it is created from thin air. Hitler was going to use fake money to try and crash the brit economy years ago. so basically all our tax money goes every year to pay interest to the bankers that woodrow wilson allowed to happen so he could become president. there is a lot of controversy over how the act was passed. it was done over christmas break when most people were at home with thier families. so the solution to the problem, GET RID OF THE FEDERAL RESERVE BANK. it's sad the first bailout was handled by the former ceo of goldman sachs, and our VP cheney was the old VP of haliburton. i'm sorry but everyone at the top is corrupt at some lever or another, thats a fact, we were sold out by those assholes for nothing.
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i think citi closed at like $1.04 a share yesterday.
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when bush was in office, everyone said nothing was bush's fault.. and now obama controls the world with every step he takes!
you should pick up the DVD MONEY MASTERS, lots of really good interesting info on how the FED causes depressions and recessions.
Paul you say the money has to go into circulation, there is 3 TIMES THE MONEY SUPPLY IN CIRCULATION RIGHT NOW compared to what there was 5 MONTHS ago. What more do you want lol 10 times? 100 times?
When do we start worrying about inflation?
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