U.S. Economy 2009!

GMZ · 07-22-2009, 03:02 PM

Quote:

Originally Posted by TX_370

Do you realize that Obama SIGNED for all that bailout money and it did no good except break a record for national debt...

11 trillion dollars
U.S. National Debt Clock

Oh yeah im so excited for American the new Socialist country, different subject though.

Obama, socialist that he is pisses me off less than CONgress, who should be listening to their constituents instead of lobbyists and being bullied around by the aforementioned socialist.

The deficit is really much larger than they are letting on because they dont factor in emergency supplementals and other unfunded liabilities, so this years deficit will likely top $2T in reality.

Quote:

Originally Posted by Pushing_Tin

Yes I am aware. My point was the economy was spiraling downward prior to January 20th and the Bush adminstration had already racked up a massive debt thanks to borrowing from the Chinese.

Or does Hannity/Rush not talk about those details?

In actuality (imo) it never recovered from the dot com bust. The "real estate boom" was really just Tulip Mania

Pushing_Tin · 07-22-2009, 03:04 PM

Quote:

Originally Posted by GMZ

Obama, socialist that he is pisses me off less than CONgress, who should be listening to their constituents instead of lobbyists and being bullied around by the aforementioned socialist.

The deficit is really much larger than they are letting on because they dont factor in emergency supplementals and other unfunded liabilities, so this years deficit will likely top $2T in reality.

True, but they really can't win. If they let the economy spiral down, job losses continue, foreclosures continue to accelerate the public at large would be outraged at the do nothing congress/president. IMO it's a no win situation for them.

GMZ · 07-22-2009, 03:08 PM

Quote:

Originally Posted by Pushing_Tin

True, but they really can't win. If they let the economy spiral down, job losses continue, foreclosures continue to accelerate the public at large would be outraged at the do nothing congress/president. IMO it's a no win situation for them.

I think that the economy will do that anyway, it will just take longer while they try and prevent it. Itll be like some strange love child of the 30's and 70's

ETA: U6 is already peaked over 20%, were in a depression.

Pushing_Tin · 07-22-2009, 03:10 PM

Quote:

Originally Posted by GMZ

I think that the economy will do that anyway, it will just take longer while they try and prevent it. Itll be like some strange love child of the 30's and 70's

ETA: U6 is already peaked over 20%, were in a depression.

I actually agree with you, the problem is that Americans demand instant results and are generally too stupid to understand anything about government or the economy.

TX_370 · 07-22-2009, 04:02 PM

Quote:

Originally Posted by Pushing_Tin

I actually agree with you, the problem is that Americans demand instant results and are generally too stupid to understand anything about government or the economy.

I agree with both of you, however I don't think the Government even knows how to solve these problems.

Nonetheless, I BELIEVE this mess in the economy was set up by the Government in order to have Americans freely give up their freedom. With the economy in this state and the so-called bailouts, the Government is able to get their hands into the financial and backbone of our economy. If the Government runs the money, they run everything.

Just for example, when the bank bailout was being pushed, Wellsfargo declined any Government aid. So the Government indirectly forced Wellsfargo to take the money and buy up smaller banks to expand the company. Later when the bailouts were to be paid and Wellsfargo couldnt pay it back, the Government took control of a percentage of the bank. This all seems like a master plan to me.

****THIS IS MY OPINION****

kdo2milger · 07-22-2009, 03:33 PM

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07-22-2009, 03:33 PM	#6 (permalink)
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