i don't know if it leads to a larger deficit or not-i'm no economist. but i do know that deficit spending is not the way to go, and i would gladly give up 10$ a week rather than have the budget go even more out of whack than it already is. it won't make me spend more money-which is what a stimulus is supposed to do. i think it's a real waste to have congress work their butts off(hehe) if that's all i can get out of it. i'd be better off cutting my hbo/stars/cinemax/showtime channels each month from dish!

[quote=timmgirvan]
you did?

[quote=Danzig]In a manner of speaking....yes. In less than a month, there's no change and even less hope! But I'm not happy about it,either!

so all this money is going to a bunch of unproductive parasite people/ bureaucracies and to pacify the tax payer they don't steal $10 more a week.


Brilliant

:mad:

Heard high-pitch Hannity say that it's now the 'Obama recession' on his radio show this afternoon. LOL ... uh, nice try Sean, but your boys George and Dick ... who you sooooooo enthusiastically supported back in 2000 ... are still the primary owners of this mess.



Just hilarious watching the pubs scramble around now. Bush literally brought this poor party to it's knees. Probably set them back a dozen years or so...

You keep posting like this and I might actually cheer for 'SC next year....maybe

Never too late to hop on that Trojan bandwagon, GBBob. :cool:

getting back to the original subject...

inflation? really?

i guess i understand the concept (thanks chuck).

it's a product of a growing economy, right?

i'd love if someone can dig up this post in 3-4 years and throw it in my face. seriously.

i'd like to be wrong.

There was an interesting article in the WSJ (big boy paper) about how Japans economy is slumping terribly (though much of this was self inflicted and has been going on for a number of years) and how that will severely negatively effect the Chinese who are their largest trade partner. This matters to us because Japan and China are by far the two largest US bond purchasers. Since our new govt has chosen to spend massive amounts of money (which will be theoretically funded by the floating of bonds) and our biggest customers look like they will not be in the market for them, they will have to instead print more money. Which as we learned before.....

This is a very good piece on the topic of political involvement and the economy. It is a balanced article so you lefties wont burst out into flames when you open the link.

http://online.wsj.com/article/SB1234...:c0.0235982:b0

There is a big write up on pbs.org on
the whole thing. They have interviews
with all the big players.

Frontline in depth sort of.
But of course PBS is a commy organization.
NOVA is so commy pink its almost lavender.

Thanks to God for the heads up on the show.

They are? From 2004....... Listen closely to Barney Frank

http://www.youtube.com/watch?v=_MGT_cSi7Rs

I'm sure it's a fascinating clip, dellinger63. Too bad I can't access it here.




Oh my, will ya look at that ... about 5 million getting unemployment benefits now.



And the Bush-Cheney economic carnage goes on and on...........

I see Bubba's been taking Bush behind the wood shed in that abcnews.com article.


Yeah, this is what can happen to an economy when you put an overmatched empty suit like Bush in the White House.




Did my best to get Bubba back in the big house so that he could clean up the Bush-Cheney economic carnage.



Good luck Obama ... if you're smart, you'll seek Bubba's sound advice on a regular basis...

Bubbas sound advice....you're kidding right?? Not even you being an SC fan could get me to agree with you on that!

People who root for USC are morally bankrupt and should be deported to either France or Poland.

HEAH....I don't see a :) on the end of that sentence!

and there shouldn't be!!

Shame we couldn't keep Bubba in there for another eight, timm.

A LOT of people would've been spared from the misery of this Bush-Cheney-Cox economic train wreck.





And Cannon Shell ... you'll never guess where this season's national championship game is being held. :cool:

LOL :rolleyes:

I think its funny that people think one guy (Bush) could singlehandedly (sp?) cause these problems. Thats one POWERFUL dummy (as everyone likes to call Bush).

Congress (controlled by the DEMS for Bushs' last two years) doesnt seem to get any of the blame.... but blaming dems for anything is against the law.

Its interesting how the economy did SO well for the 6 years with Bush and the Republican congress... then the Dems take control and the whole world falls flat on its face.

Obama was supposed to be some magic quick fix... and this past month may have been the worst since the recession began (not that I actually think ANYONE could have turned it around in a month... but still, Obama didnt do it)

Bush deserves some blame... but he is a very small part of this mess. Clinton is as much to blame. So is Greenspan, Madoff, and a lot of Republicans and Democrats alike.

THE CITIZENS OF THE UNITED STATES OF AMERICA who's irresponsibility caused this... should be the ones people blame the most.



interesting article : http://www.time.com/time/specials/pa...877350,00.html

you have to click "next" to see the other 24 on the list.

Yeah and maybe Pete Carroll can get you a ticket next to him.....in the stands watching

Please tell me you aren't this dumb Lori. Joey, can you smack some sense into her, she was almost getting it, now she sounds like Rush Limbaugh again.

yeah, get it right.
Dems only take credit
not responsibility

Did you take a few hits from Michael Phelps' bong, Antitrust32?

...like she wouldn't fit in with this crowd....

I'm sorry I'm not as ignorant as some of you guys.

the consumers who bought and lived well beyond their means should take the most responsibility.

Democrats and Republicans caused this mess... but for some reason only Bush can be blamed. It is VERY ignorant.

and yes Booth Operator.. I probably did hit it once or twice.

exactly

http://www.latimes.com/business/la-f...tory?track=rss

almost 1 year into the great derbytrail hyperinflation scare of 2009.

trillion's spent to prevent a depression.

no depression. and no hyperinflation. the fed apparently getting ready to raise interest rates later this year.

which i assume will please the inflation hawks.

it's good to know that the solid people at derbytrail nailed this one so well. i enjoy reading all the recent "there was never any chance of a depression and this was all a socialist plot." posts almost as much as this thread.

If they raise rates this year I would be surprised. The effects would be pretty awful.

can't print $$$ forever

Market conditions are DEFLATIONARY.

Did any of you actually take any econ classes in college?

where is gold?

do you think we can print our way out of this mess?

obama has had a yr , there is no job creation on the horizon

tax increases coming as far as the eye can see

Look at the part I bolded in YOUR POST. Is that INFLATIONARY or DEFLATIONARY?????

Lets talk about the Jets.

and i asked you can we print our way out of this mess?

LOL Im not the one contradicting myself here. You are bitching about INFLATION and UNEMPLOYMENT in the same sentence. Unemployment is DEFLATIONARY.

The government has no choice but to keep rates down at all costs. Any utterances to the contrary are to keep the inflation hawks (suckers) from crying too much. We are in this mess for the long haul. Lots of damage to be worked through. And thats not pointing fingers at bush or anyone else. You simply can not undo the damage that we have done from 2003-2007 in a short period of time.

problem is there are no jobs, what has obama done , how is he going to create jobs with new taxes coming this year , and more tax increases in '11

why are the printing presses running 24/7?

this is not going to end pretty

You are not getting it though my friend. NO JOBS IS DEFLATIONARY!!!

LOL @ printing presses. {shakes head} We are where we are. Do I think we need to spend money on some of this garbage that was proposed? No. At the same time, interest rates have to remain low for the foreseeable future even if it means the presses run double time.

Lets talk about the jets.

only way they keeping buying our debt is with a higher rate , long term rates are determined by supply and demand of the mkt , not the govt

oh gales. Lets not turn this into a geo-political discussion. The chinese and the rest of the world will buy our debt as long as we need them to because it is in their best interest to on many levels. But thats not what this thread is about.

The thread was about "hyper inflation". Obviously, if you are talking about unemployment and I am seeing housing values and new homes starts drop...then we are still in a DEFLATIONARY environment. And we will be here for a while.