Joined Nov 10, 2007
23,445 Blog Posts
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Peter Schiff is a fucking loser. I’d arrest him for crimes against the state. Send him to gitmo.
http://www.youtube.com/watch?v=aTF-oPvhHVs&feature=channel_page
Faster than zombie
I win!
Fly, i think schiff is just saying what is predictably the eventual outcome.
Yes, it is clearly not in the country’s best interest but he is just cashing in on his 5 mins of fame and making a quick buck. Hardly a crime compared to what the degenerate banksters have done. They are the ones who should be sent to gitmo.
Fly:
Stop complaining/whining you voted for the fuckers…. you know because those GOP’ers are so bad 🙂
You reckon they’re worse than the fat Barney Faggot now, Fly?
Out of 10 who is worse Flymeister?
” both as bad as each other” is a real cop out.
Fly,
And you own longs because????
J,
BOTH PARTIES ARE CORRUPT!! They don’t give 2 shits about the little guy.
All rallies are short opportunities.
This country needs an enema.
I’ll take care of that Schiff motherfucker myself just bring that piece of shit over.
What a fucking asshole!
Yo Fly, check this shit:
http://www.cnbc.com/id/29182320
Your buddie Kneale is at it again. Idk how I feel about this one yet though…
Classic Glen Beck explosion, btw!
ZM
Schiff is just talking his book .. recommending that the Chinese or Saudis buy all his gold stocks for 2-3 times their current market caps.
I say go ahead! Make my #$%^&*g day!
President Obama:
Don’t sign the stimulus Bill.
I’ve come to the conclusion that the correct course of action that is needed for the stimulus bill is:
1. Eliminate and Outlaw the State and Federal Income Tax.
The reason this is key is that it’s the only way for the country to determine where the money is to be spent. It must come from the people, NOT government. Each and every household must determine the correct budget allocations for the economic stimulus to be successful. This will also guarantee you two terms in office and going down in history as the greatest leader in the history of the United States.
2. Announce your plans this evening. Tell the american people that they now must decide where the stimulus money is to be spent. That you expect them to be patriotic and do what’s right for their homes.
That’s about it.
Sincerely,
The simpleton
TERM LIMITS, folks. That is the only answer to a better Congress. This has to be a grass roots campaign from the voters as Congress will surely not propose it. The root cause of our nation’s financial problems can be traced to Congress spending on their donor and constituency groups in an effort to get re-elected. Where is the outrage??? Speak out for term limits!
mrkcbill once appeared as a guest on the Ellen Degeneres show.
Peter Schiff is just another frustrated goldbug. Under the scenario he describes, the purchases / share price manipulation of the gold companies would be blocked. Or the companies would be nationalized.
Its really difficult to be part of the “U.S. dollar sucks” club, even if you think, in fact, the U.S. dollar sucks.
Peter Schiff for Treasury Secretary.
http://www.visi.com/juan/congress/
Use this link to type in your home address. It will give you the names and numbers of your senators and representatives.
Call these jokers. Tell them how you feel. That is the only way to have any effect on the process.
Announce your plans this evening. Tell the american people that they now must decide where the stimulus money is to be spent. That you expect them to be patriotic and do what’s right for their homes.
I understand you are being satiric, here, but what you say makes some sense if you follow it through.
Understand that the only reason the Dems can pull off this massive theft of our kids’ inheritance is because — right now — “the full faith and CREDIT” of the U.S. Gov’t is still top notch. We can still borrow against future earnings.
If you consider that credit status, as I do, a temporary event, given the plans for our next $3 trillion in spending, then it actually IS a good idea to instead of spending that money in wasteful pork “stimulus” to deliver it DIRECTLY to the American people in the form of minimum taxes. Like a massive cardiac shock to the heart, it would jack start this economy better than any group decision by a bunch of politically motivated bureaucrats ever would.
Be assured, the only way we get out of this hole is to grow out of it. If you look at the socialized economies of Europe, and their 1.5% growth rates, you will know that Federal control of the economy is just not going to hack it.
I still have faith in the hard work, ingenuity and chutzpah of the American innovation system, and I believe we have a shot if they are given the opportunity. But one way or another, we are going to be in a hole after this clown act is passed — the question is, will we have the lumber and the tools to build a staircase out of it?
______________
Reviewing yesterday’s “hoo-ha” I’d like to first apologize to Bruce, as he may (or may not) have understood my question, which was in fact a serious one. The Monty Python reference was perhaps considered harsh, but I almost never miss even the slightest opportunity to post something from The Life of Brian one of the all time “greats.”
I’d also like to thank Chivas and Wood and John Cee for flying to my defense, however unwarranted. I appreciate it fellahs, but I think this “Joe” character is a put-on — likely by a regular. A bit too broad-stroked in his assembly. The anonymity of the internets and all that, etc.
Thanks all the same, I do appreciate it.
___________
I took the time to translate that sign behind Schiff’s head in the above posted clip:
“Welcome Soon-to-be-Beheaded Infidel Speakers!”
_______
RBS announces on a Sunday morning that it lost $43B last quarter and will shed another 20K jobs and shut down some emerging market operations. Financials should rally big time on Tuesday.
Thank God we have a free $787B stimulus package on Tuesday and free $50B from TARP to pay people’s mortgages to keep house prices up in the unaffordable range. We will also get to spend about another $8B of free TARP money on gm and cerberus on Tuesday.
Oh yeah, we’re still debt spending on our Wars.
Good thing our national debt is only $65.5T.
Note: If you spent $1M per day since Jesus Christ was born you would not have spent $1T to date.
1T seconds equals 32K years.
God bless America!
I SEE DEAD COWS. MOOOOOOOOOOOOOOOOOOOOOOOOOO!!!
Atlas —
Not for nothing, but gold bugs ain’t so frustrated these days. Just saying. Silver bugs too, btw.
________
I have a question for the hard core, “guns and SPAM in the bunker” bears, especially the guy who likes to hang out in the abattoir — why do you have such faith in the dollar?
If Schiff’s scenario plays out (not saying it will), then the S&P will be 5,000 — not 150.
_______
Sad that the Fly has fallen in line with Jake and his narrow partisan views of the world. If the GOP didn’t rape our economy and balloon our deficits we would be in much better shape to actually have the government help spend our way out of it.
Too much Fox news channel watching here.
Here’s the scenario… Dawg’s all gleefully capering about the abbatoir, hooking his cow carcasses to the pulley assemblies, when — whoops! — a trailing hook (the demise of the $USD) snags his left Jordache cuff at the heel and “oh no!” — there’s no one left in the slaughterhouse to turn off the conveyer to the bolt gun!
Crank-crank-crank-crankity-crank-crank-crank!
Oh wait, there is one person — and he has a very strange haircut — and what’s that thing he’s carrying??!!
___________
Jake,
Good point. But you know the “to the moon” shouters I speak of.
The goldiest of the goldbugs won’t be satisfied until they can drive around in an armored bus wrapped in billboards that say “I told you so”.
If the GOP didn’t rape our economy and balloon our deficits we would be in much better shape to actually have the government help spend our way out of it.
Okay, anonymous poster, let’s suspend all knowledge of even rudimentary economics and posit that “the GOP” somehow “raped” the economy (how, we have no idea, but I don’t think you do either, in fact, I’m certain of it).
How, in effect, does spending THREE TIMES as much as the GOP overspent over the last eight years “assist us” in repairing above said rape? After all, all the GOP did was spend “X” money. How does spending 3x get us OUT of the aforesaid haul.
Moreover — if you can answer the above question — here’s another query:
If we’re going spend this amount of money, and we agree that money is fungible, how do justify allowing Congress — a poltically motivated body on both sides of the aisle, as we’ve found — to spend it instead of the myriad efficient choices of the US polity as individuals?
Where does your faith in government — faith in people like Nancy Pelosi and Harry Reid, I remind you — come from?
As well, please TRY (and I know it’s hard) to avoid the typical lefty crutches of “FOX news” and any other crude attempts to obfuscate your lack of proper argument. You’ve already dug yourself a trench and signalled you’ve not much in the tank by leading with invective. Let’s try to recover and half a more substantial discussion using facts and logic, shall we?
___________
The goldiest of the goldbugs won’t be satisfied until they can drive around in an armored bus wrapped in billboards that say “I told you so”.
Lol. Point taken.
I only want to do that outside DDawg’s bunker when the First Bank of Billings comes by to take re-possession.
_________
Jake,
Peter S. is a dumbass talking his gold book. Hopefully, he will hold his gold when it drops to $600. After it gets a dead cat bounce at $600 it will drop again to $400.
If you think people are going to pay $5000 an ounce for gold and the S&P will go to 5K with $5000 P/Es you’re just fucking stupid. We are going into a global Depression.
You can’t eat, live in or wear gold. You can’t pay your bills with a gold bar in an electronic financial world. In addition, try walking around with a gold bar worth $1M to barter with and see how long you live.
I SEE DEAD GOLDBUGS.
Jake –
Do you believe that gold ETF’s actually hold gold?
Jed didn’t get any yesterday. Nuthin
had a good laugh watching this one about Dubai. Best parts–the apartment with the great view (nearly fell off my rocker)–the part where the real estate agent says it’ll be over in 9 months (Maw fell off hers)
http://www.youtube.com/watch?v=sk9Sbpnkd-4
Dog, Hyperinflation is a possibility. The fed is inflating, and thats inflationary. Do you think they are going to stop?
And again, goldbugs don’t die. I know, I was around them when gold was $250.
And you should know that most goldbugs hedge for all possibilities. I am sure you ran into 1 or two of them at Bunkers R Us.
KC Bill: You mean to tell me that Jed couldn’t even score with his gay lover?
Jake,
I think my post was sarcastic only because it will never happen. It would be easier to try and rip a piece of meat away from a lion with my hands tied behind my back.
As far as the attack on your character goes. I think I know who it was. Drinking and posting can be fun.
http://speaker.house.gov/newsroom/pressreleases?id=1008
This woman disturbs me.
Here is my take on FXI and China.
The Fly is playing with the fire.
http://social.stocktock.com/photo/photo/show?id=2348194%3APhoto%3A16490
Iam not defending the gop. They are clowns too. I hate all congressmen equally.
Glen Beck is gay.
I like it when Glenn Beck cries over bs.
Anyways. Who cares what he thinks. Sorry, I think the bill is gay but these guys can suck my nuts.
I trust President Obama.
I just spent the most useless 1/2 hr of my life watching a man tell us how we are going to get out of this debacle when the same man just months earlier said that our fundamentals are sound and had an economic advisor say that we are a country of whiners. And this man is one of the few most powerful people that are attempting to pass laws on out behalf. Just fucking shoot me – NOW!
My question remains whether Geitner pulled back last week because the President and his advisors are now attempting to weave a techtonic shift into the banking system that will forever change how banking is done. The Prez was able to accomplish a great deal of his social policy under the cover of the stimulus – that’s why the Republicans are really mad. Now, Geitner was pulled back so that the existing banking system can be broken more quietly with piecemeal implementation of the “fix”. I firmly believe that Geitner is not a buffoon, idiot, or uncapable of moving the “fix” forward and I believe that he had details ready for presentation. I do believe that Emanual, Axelrod and the Prez pulled him back so that they could not commit at this time and slowly implement the fixes that will forever change our banking system. Much to the chagrin of the Bankers, international corporations and Wallstreet – all of whom will conspire to destroy Geitner and the Prez before the full plan is laid out.
sad:
Government spending is the answer, huh? I’m not so sure.
North Korea, Cuba, and the U.S.S.R. were destroyed by their government deciding how to allocate resources. Venezuela is circling the drain.
I really hope it works for us. But someone once said the definition of insanity is repeating the same action over and over while expecting different outcomes.
Good luck with your “government knows best” ideology. History suggests we’re gonna need it.
not sure but i think roubini had a talk with geitner & slapped him silly
Peter Schiff in the man stop hating on him…….. just cause our government in fucked up doesn’t mean that his a criminal…… hes just trying to make a buck just like everybody else and why shouldn’t he when you just pointed out that our congressmen don’t even read what they are voting on…..
The USA should adopt free enterprise to get out of this debacle. No, free enterprise was not responsible for getting us into it. Free enterprise is not Greenspan or Bernanke playing games with interest rates and money supply. Free enterprise is not the government mandating that banks make risky loans. History is full of boom and busts, but few economists learn from them or even study them. WWII did not end the depression because WWII was a government program, no? Our grand kids are not the only ones who will pay for all this red ink – the interest becomes due immediately.
Anonymous-
Or we could take the rational approach and conclude the GOP hates the spending package because its made of largely of patronage payoffs to political interests of Obama and the Dems and — despite costing taxpayers an additional $3 trillion over the next ten years — that it will not stimulate, but rather impede the economy today and going into the future.
Whether or not you believe the President’s “social programs” (whatever THAT means) are a worthwhile effort, any study of economic history will show you that in a poor economy, funding for social services, both public and private, is the first thing to suffer.
If Democrats think that one can effect a transfer of income while subtracting the means to grow private wealth, they are in for yet another hard reckoning with the basic laws of economics.
If you are going to fashion policy in a manner that best aggregates power for the long term, the FIRST step should be to make certain your funding sources remain sound. Once the Dems finally understand this crucial element to electoral politics, they will enjoy a lock on power that would make Tammany Hall look like the Student Union.
____
lulz
Does Schiff really believe that the Saudis would be allowed to purchase US/Canadian/S. African gold miners if their intention was to corner the gold market?
hahahaha
The western banking elite ceding power to the the Saudis who’ve been their puppets for almost a century now.
Too funny.
Fly is setting himself up for a major loss here.. Buying the dips..? What the fuck is wrong with you Fly…? Writing is on the wall… This is the second time I have seen you in over 2 years make a major mental error in your judgement. I would take a deep breadth and reconsider your market bias. All the ingredients are starting to mix.. Can’t you see it Fly???
Yes the weekly is oversold, however the daily has refueled and the cat is coming out of the bag on the “out of control” scenario.
Sierra
Jake:
“Or we could take the rational approach and conclude the GOP hates the spending package because its made of largely of patronage payoffs to political interests of Obama and the Dems and — despite costing taxpayers an additional $3 trillion over the next ten years — that it will not stimulate, but rather impede the economy today and going into the future.”
If that is what you consider to be the “rational” explanation, and you believe the GOPs concern for America’s well being despite the escalating undisclosed costs of the wars (over 1 trillion), and the lack of transparancy or honesty over the first 350 billion Tarp layouts – knock your delusional self out. BTW – u have – nor do I – no idea about whether this will “stimulate” the economy. Many well respected economists….ahh…fuck it.
All the Jake critics:until you can drop a J-bomb in the midst of an otherwise pedestrian sentence, you have no business hating on the man.
“Jordache cuff” – oh my God, man – one of the funniest refs yet written on this board…
You stupid cows and sheeples that argue about whether it is the Reps or Dems that CARE about America make me laugh. Our 2 party democratic system of freedom is nothing but an elephant and donkey show for idiots. Our government is nothing but puppets for the central bankers and the 1%er’s that own the central banks to control the entire world’s wealth for themselves and future generations of their families for all eternity on Earth. Only problem is that they will all end up in HELL for all eternity as a result of all the people they murder through poverty, desperation crime, economic suicide and wars in the process. Not a very smart plan. God knows who they are.
Amen.
Eye of a (the) needle.
Devil Dog is one of the few that has a clue around here, and that’s not saying much. When you all are compared less favorably to a dude mesmerized by bouncing tits…well, I’ll be polite – you’re all schmucks and dupes.
Your future? It’s all in this chart:
http://www.youtube.com/watch?v=q0RyuLZFTx4
You’ve been milked of your wealth like compliant little slaves to buy the globalists and the powers that really run the world their little indulgences. They do it on a cycle and play you like fiddles, which is the only reason they keep you around.
What’s at the end of that blue line when it comes back down? War, loss of freedom, more enslavement, social programs that sow the seeds for the milking of your children….whatever they deem is “necessary” to shape the world to their liking, and you’ll willingly “sacrifice” to make it so. You’d sooner fight the dupe “over there” or the dupe “that doesn’t agree with you” than them – ah, but that’s how they control you.
All you need is a knowledge of history, and the critical thinking ability to correlate events to the graph. If you have the IQ to get that far, the next step is to figure out who benefits from this.
DD, is it really very hot in hell? I’m with Pete – I’m gonna trust Oblama who told us Geithner would present a plan on Mon. – uh, Tues., uh, next week, maybe. Oblama was a community organizer – he was a student of a communist organizer – he received a payoff deal in real estate. This recession/depression is not affecting Oblama, Pelosi,Frank,Dodd,Reid, et al except it gives them more power and is helping them to make the country more communist/socialist.
Obama was the better choice. He is so much smarter then Bush ever was. He understands our problem. Sure the stimulus wont get as much people to work but, I like what the programs in the bill will accomplish.
TIME IS THE ONLY FACOTR THAT WILL GET US THROU THIS.
In the meantime the democrats must do something. Is better then nothing, which many republicans want to do.
I also agree with COW. Dont try to blame it JUST on democrats. Republicans were in charge the last 8 years. Look at where we are now. If the democrats screw up,then whats new?
Democrats and Republicans both suck. If you solely believe that the republican way is the right way, then your a total fucking moron.
The country needs both sides to move forward. You cannot have one side leading the way. You had republicans doing that for 6 years. The country corrected itself and now the other side is leading the way. Eventually we will hit a equilibirum.
DD assistant tries to ride herd outside the Bunker:
http://www.youtube.com/watch?v=NMShvQa4SI0&feature=dir
All this stuff gives me a massive migraine
It is all so terribly depressing
I think when people hear bad news constantly…like what is on this blog-
or they hear about how this could be a depression, could be horrible, lose everything,they just ‘shut down.’
By nature people cannot sustain a constant state of negativity and feelings of hopelessness forever, eventually they will react in one of two ways:
Shut down, ignore the situation, pretend its not happening, surrender to ‘powers greater than they are’, or surrender their logic and believe that someone in government will save us, —eventually becoming mindless eaters and slaves
or
They rise up in anger and create rebellion, have civil wars, start chopping off the heads of leaders, riot in the streets, and civilization breaks down and has to rebuild.
2012…Mayan predictions seem more plausible every day.
The only problem with revolution at THIS time in history is that our government has SERIOUS weapons, this is not a situation where men and women with pitch forks and guns can take over a government. We could get NUKED, or carpet bombed, or herded into detention camps. Revolution is much harder now than it use to be.
So what are our options?
.
Correction…this chart
http://i35.tinypic.com/2eee78h.jpg
I blame Dan Brown for giving all the Bilderbergian yahoos cover to stoke their conspiracy theories.
You know he went to Amherst and was in the same class as David Foster Wallace? Wallace writes all kinds of brilliant stuff (“Infinite Jest”) to critical acclaim, ends up offing himself, while Brown rehashes a couple of centuries worth of cloth-eaten nutbaggery, pours it into a Regency romance skeleton and makes a fortune– all with nary a hint of a mercy self-snuffing.
No justice in this world I guess.
___
True this, as well: Harlen Coben was in that class too. Odd, no?
____
John Galt- that’s an interesting chart, but I’m wondering where they got the data for the Dow a century before it was created?
____
DRUDGE REPORT:
[email protected]– What’s the Rush?
After pushing Congress for weeks to hurry up and pass the massive $787 billion stimulus bill, President Obama promptly took off for a three-day holiday getaway.
Obama arrived at his home in Chicago on Friday, and treated wife Michelle to a Valentine’s Day dinner downtown last night. The couple was spotted leaving upscale Table Fifty-Two, which specializes in Southern cuisine, with the first lady toting what appeared to be a doggie bag.
The president plans to spend the Presidents’ Day weekend in the Windy City, and is not expected to sign the bill until Tuesday, when he travels to Denver to discuss his economic plan.
Both the House and Senate passed the bill Friday night.
The push to get the bill through before the holiday weekend was so frantic, members of Congress didn’t have a chance to read all 1,071 pages of the document before they could vote.
“In a perfect world it would have been nice to have had more time to process it,” said Ilan Kayatsky, a spokesman for Rep. Jerrold Nadler (D-NY).
Meanwhile, Gov. Paterson called yesterday for fiscal restraint with the massive influx of federal aid. His budget office estimated that New York will receive $24.6 billion over the next two years, $4 billion more than first believed.
John Galt- that’s an interesting chart, but I’m wondering where they got the data for the Dow a century before it was created?
The answer is right on the chart.
THE GREATEST DEPRESSION:
Global Meltdown- Government to FREEZE our assets, and bank holidays, confiscating gold, riots, over-throwing governments, a society of violence, China WILL NOT save us, By March we will be starting to see the big collapse of 2009
http://www.youtube.com/watch?v=57qpQSbOpEo
.
All doubletalk Obama cares about is butchering babies and the demise of this country. That is what he focuses on and is just another rubber stamp for far left Democrats. It’s not his IQ, it’s his judgment that’s horrendous. All you have to do is check out the first things he did in office. It’s Jimmy Carter II. You people who voted for him just because he said he’d give you a tax break, will never see it. There will always be an ‘excuse’ that they can’t afford it. The government must grow instead. And the lapdog media will gladly cover for him.
John Galt, Thanks. Nice to see someone else here with a brain. However, I still prefer bouncing tits.
So what are our options?
We’ve gradually lost control of our money, which is (once was) (was) ours back. That option is gone – all we are left with are the obligations that come with “owning” the dollar after they have wrung all it’s worth out.
Compliant slaves and their children hunker down, “sacrifice” and honor their commitments to pay their obligations to their Masters who used the money to build infrastructure in other countries with hungry compliant masses willing to make products for low wages and enrich their Masters. That is your “option.” Then, the cycle repeats.
I say there is another option. Wake up, get uncivilized, kill ’em all including the government puppets around the world that serve them and benefit and send them all to HELL earlier than they planned.
Oh, they’ll give you and your offspring ample opportunity to do that on the off chance you choose to, my mammary-mesmerized friend, and they’ll even profit off it. You’ll get your fill of it, and yet, somehow, the Ones that have remained profitable through time, over centuries…..still remain, coffers profitably filled from your outrage, yet again.
They’ve been at this a long time…you think they haven’t seen the likes of you before…..and won?
Petey is a riot. “Oblama is so much smarter than Bush ever was” says Petey. Uh, Oblama was running against McPain and lefties just make up stuff about how smart Oblama is – really? Where do you get it from? I believe an IQ test should be given to Oblama so we can view the amazing result. Petey, there is nothing new in politics – it has all been done before one way or another. Oblama is 1/2 black and that is what enabled him to win over Hillary. Bush screwed up enough plus a poor candidate in McPain to enable Oblama to win by a few percent. It is obvious that Oblama is playing cheerleader and doesn’t know diddly squat about economics. Look at that cheap trick that he tried to pull with the CAT CEO – talking about the CEO told him that he would rehire based on the “stimulus” – a LIE!
http://moosejawjabbertechnicaltrading.blogspot.com/2009/01/friday-watch-from-mjtts-tl.html
And now all the Deflationists come out of the woodwork….
Galt- apologies, I’m on the Crackberry, and the script is too itty bitty. Perhaps you could volunteer an explanation?
___
GOP needs to fight the stimulus plan like they fought that disastrous Clinton deficit reduction legislation in 1993.
Rep. Robert Michel (R-IL), Los Angeles Times, 5/28/93:
They will remember who let loose this deadly virus into our economic bloodstream.
Rep. Newt Gingrich (R-GA), GOP Press Conference, House TV Gallery, 8/5/93:
I believe this will lead to a recession next year. This is the Democrat machine’s recession, and each one of them will be held personally accountable.
Rep. John Kasich (R-OH), 8/5/93:
Do you know what? This is your package. We will come back here next year and try to help you when this puts the economy in the gutter…
Rep. John Kasich (R-OH), CNN, 7/28/93:
This plan will not work. If it was to work, then I’d have to become a Democrat…
Rep. Robert Dornan (R-CA), 8/5/93:
The problem with our economy is that there is too little employment and too little growth. This plan will do nothing to improve that condition and will actually make it worse.
Rep. Christopher Cox (R-CA), 5/27/93:
This is really the Dr. Kevorkian plan for our economy.
Rep. Thomas Ewing (R-IL), 8/5/93:
…This bill is a disaster waiting to happen.
Rep. Jim Ramstad (R-MN), 3/17/93:
…will stifle economic growth, destroy jobs, reduce revenues, and increase the deficit.
Rep. Phil Crane (R-IL), 3/18/93:
…a recipe for economic and fiscal disaster.
Don’t let America repeat the Clinton disaster!!!!!!!!!
Rep. John Kasich (R-OH), CNN, 7/28/93:
…We have a stagnant economy and there is nothing down the road that makes it look like we’re going to have the kind of economic growth that puts people to work.
Rep. Dick Armey (R-TX), CNN, 8/2/93:
The impact on job creation is going to be devastating, and the American young people in particular will suffer a fairly substantial deferment of their lives because there simply won’t be jobs for the next two to three years to go around to our young graduates across the country.
Rep. John Kasich (R-OH), 5/27/93:
…your economic program is a job killer.
Rep. Dick Armey (R-TX), 8/5/93:
The economy will sputter along. Dreams will be put off and all this for the hollow promise of deficit reduction and magical theories of lower interest rates. Like so many of the President’s past promises, deficit reduction will be another cruel hoax.
Rep. Wally Herger (R-CA), 8/4/93:
The simple fact is that the Clinton plan will not lower interest rates. It will not lower inflation. It will not create jobs. And it will no lower the deficit. The Clinton tax plan will spur inflation, lose jobs, increase the deficit, and hurt our economic growth.
JG, I said kill ALL of them. Hard to win when you’re dead.
You are an idiot, Mr. Dog. Wait until you learn what the plan is.
I have it on video http://www.nbc.com/Saturday_Night_Live/video/clips/republican-meeting-open/1018742/
Oh yeah? A few years ago the demorats were talking about the Bush deficits – they wanted to criticize but the Oblama deficits dwarf the Bush ones so SILENCE from the demorats. The USSR was proof that a communist/socialist government does not work but the demorats are rushing to recreate it. Schumer,Reid,Frank,Pelosi,Dodd,Oblama – these are people that you would not hire for anything – they are the problem – not the solution.
Cliff? Is that you again?
Rep. Clifford Stearns (R-FL), 3/17/93:
…It will be the kind of impact that this country can’t absorb. It will slow economic growth, contribute to the massive federal deficit….
Obama sez: You fools thought I knew how to fix this mess? Hahahahaha. Here is my plan – I will soon say that it is much worse than I originally thought – that Bush boy really screwed it up – I will require 3 terms at least and everything will have to be nationalized – I want a raise and we can suspend elections until this thing is resolved. I am off to Hawaii for a little R&R – later, fools.
It’s mind bugling to see morons defend the criminals of the century (neocons) at the cost of Obama. People; he just took office. Even if he proves to be the worst president ever, he has no responsibility for what happened in the last 30 years and culminated in the last 8 years. We had bunch of superwealthy motherfuckers that enacted laws that enabled them to accumulate much more wealth than they ever had before in the history of our country while obliterating and impoverishing the middle class. This is not capitalism. This is oligarchy-look no further than Russia for lessons of what happens next.
Obama has at least brought together the brightest minds together; Summers, Volcker, Geithner?, as opposed to Paulson who was there to enable his buddies to rape and pillage the country just before the fall.
Don’t you think these brilliant minds know what’s going on? Of course they do and they do not like the odds. They know they are faced with the worst situation our country has ever faced. They know the snowball to hell has already gotten too large to stop. They know that a stimulus plan is not what we need at this point. We don’t need to build some bridges in the ghost towns of the future. WE NEED TO STOP THIS HELL FROM HITTING NOW. If you are on your deathbed and you are told that there is a small chance at saving your life but you need to spend all the wealth you have accumulated during your lifetime and borrow more than you can ever pay, if you survive, what would you say? I am sure most would say YES. We will deal with the debt later. Our nation is faced with the same kind of decision and there’s a small chance that a massive SPENDING bill can help in the immediate future. An infrastructure bill, under normal condition, would be a much better plan, but it takes a long time to bring about the benefits we need. TIME is not a luxury we have.
The master plan in place for many years has been; asset reflation/inflation. They were smart enough to realize there is no chance in hell that we can pay the $70 Trillion debt and future entitlements. Don’t even mention the unwinding of $700 Trillions of DERIVATIVES.
The easy way out is/was?, to stealthily inflate at the highest rate possible without destroying the US$ or creating other economic shocks. Of course this has enormous negative consequences, but our Keynesian economists in power think that this is the least destructive option.
It was this idea that prompted them to throw money at the banks so they can combat the ENORMOUS deleveraging going on and keep the inflation going. To their dismay; the combination of deflationary forces brought on by deleveraging and the fact that the money DIDN’T flow out of the banking in the way of loans, put a big stake in the heart of this effort. You can print all the money in the world and without velocity, there’s no inflation. Money needs to move and banks are NOT making it possible for this to happen. In the very near future, several of these banks will be nationalized and the money will flow. The problem here is that it has to be done YESTAERDAY because ‘tomorrow’ there won’t be anyone who can get a loan with unemployment numbers as high as they are.
Now, we are staring at the abyss and I couldn’t care less about bridges to be used 2 years from now, I care about not stepping into this immediate, unstoppable, depressionary spiral. They need to start giving money to people in hopes of generating asset reflation. Bernanke needs to put his thesis to work. He might need a lot of helicopters.
It ironic that the whole communist bloc achieved this aim of hyperinflation/currency debasement-whatever you want to call it in the 80’s. Argentina did it just a few years ago. Russia is effectively doing it as we speak, YET the US with the most efficient capitalist system in the world, CAN’T. What the fuck, We can’t just order banks to do what we want them to do? Of course we can and we will. These banks are gone and they know it.
Expect a spending bill after spending bill coming in the pipeline. Expect mortgages to be subsidized, principle and the rates. This is not happening because they are hellbentoutofshape into bringing socialism in our country (I believe they are a little disappointed with ‘trickle down economics’ too). It is coming our way because this is the quickest/most efficient way to generate “economic activity”, albeit, fake- but it could create hyperinflation and as a result higher real estate prices->lower foreclosure rates->lower bank defaults->eroded value of debt (pay the debt with funny $$)…you get the picture.
In the nutshell; They are smarter than you give them credit. They want spending plans but they know they can pass it easier I they call it “stimulus plan”…
Welcome many spending bills and pray it works. There is a small chance this works and if it doesn’t, we are looking into prolonged Gerald Celente view of the World, not just US, making the 30’s look like all you can eat buffet in comparison.
How about that Pelosi bitch? It’s her doing that ….:)
GLTA
Joe, nice theory, however, your hyperinflation bullshit and making the banks loan funny money will not work. We’ve been doing that for 30 years to benefit the few. Americans are broke…we don’t need a stinking loan. We can’t pay the loans we have already. Your plan envisions the proverbial “FREE LUNCH”, however, it now requires a “FREE BREAKFAST, LUNCH & DINNER FOREVER”. Not going to happen. This time the greedy, corrupt, murdering 1% elite took it too far and as a result the world is going into a very deep DEPRESSION. As a result of this there will be worldwide bloody revolutions by the masses against the 1% and they will be killed…every single one of them. The information in computer memory banks that they use against us now will be used to find and kill them. Then once we have rid the Earth of this scum we can hopefully rebuild it as God hoped it would be. Otherwise, if I was him I’d flood the fucking place again and not even allow an Ark with a couple of current fucked up humans on it. I’d start over from scratch and create a new Adam & Eve. I support either option.
Obama sez: Thank you Joe. You are a true believer. Thank you for drinking my Kool Aid. BTW, Paulson is a one of us – a demorat – Bush thought Treasury was just an unimportant job. Joe, you probably believe that the government cannot lose – it can. Government doesn’t create wealth – in fact, the more government you have, the less wealth for the economy. But, WTF, what do you want – a good economy or me in charge? I will take us down the Argentina road if necessary – whatever it takes to keep us in power, I say.
jesus christ, everyone chill the fuck out. you’re not going to convince each other.
THE INTERNET. SERIOUS BUSINESS.
I’m wondering if this Jake Gingrich (aka- “anonymous coward”) was around in 1994 when the Republicans swept into power, and saved Clinton’s bacon in the ensuing years by limiting his penchan for spending, balancing the budget and cutting taxes?
I mean, there’s no excuse for not knowing history, what with Google making things accessible for anyone with an online connection. Seriously leftist quote repeaters- stop taking marching orders from people you think are smarter than you. I assure you, the margin is far thinner than they’d have you believe.
Take charge of your own education- check your facts, eschew the lazy talking point and the emotional solution.
There is no dark conspiracy, no Bilderburgs and no Illiminati controlling your life. There’s only you and your lazy excuses for throwing up your hands. If you make noise Congress will listen- it worked with the amnesty bill last year, and it can work with this current mess.
No, you don’t need succumb to nihilistic despair or homicidal rage. We have a great country filled with wonderful people and you CAN make a difference, but you have to take that first step.
____
for Mr. Gint:
Pre-1893, the data is a market composite.
DDog,
I agree with most of what you say but maybe you need to read what I said again.
“Your plan envisions the proverbial “FREE LUNCH”, however, it now requires a “FREE BREAKFAST, LUNCH & DINNER FOREVER”. Not going to happen”
I am not proposing anything, least of which “free lunch” for all
What I am saying is this THEIR aim and I would say Argentina might be a better outcome than an outright and severe prolonged depression of 30’s or worse. With “my plan” everyone loses all the savings but the economy, after the initial shock, moves on and we rebuilt from there. With Depression, everything goes to hell and famine, wars ensue. Look at Eastern Europe block or Argentina, they recovered rather quickly from complete debasement of their currencies. The implications of this are almost as devastating as an outright severe depression. This doesn’t sound like a free lunch at all-just think of the boomers and the consequences of their savings evaporate.
“As a result of this there will be worldwide bloody revolutions by the masses against the 1% and they will be killed…every single one of them. The information in computer memory banks that they use against us now will be used to find and kill them”
History doesn’t support this claim you make. Even if you actually did manage to kill this 1% you suggest, there are 99% waiting to take on their roles. Additionally, if these revolutions took place, it would be the ordinary schmoes that get killed, not these 1% folk who have all the means to take care of themselves.
anonymoys says,
You also missed my point, mostly due to your hatred for the democratic party. Fuck, I would support the devil at this point if I thought it had a chance of getting us out of this mess.
“Government doesn’t create wealth – in fact, the more government you have, the less wealth for the economy.”
Never did I say or insinuate that government creates wealth. What I am saying is government is shooting for SLOW Argentina style “recovery” as the other alternatives would be much more devastating to the world.
They are faced with the hope of slow “currency debasement” over time or a complete implosion in a short order. History has shown us that the first choice is less destructive and it takes several years to complete, giving people time to mentaly catch up with this paradigm shift. The second choice involves US treasury default, compete economic collapse due to lack of credit/liquidity , riots, rampant crime, famine…you get the point. Hyper-Inflation is not as destructive because there is always money flowing, albeit loosing value at a rapid rate, the economy keeps chugging along, very inefficiently but chugging.
Credit freeze peaked mid October 08, look at how quickly we lost 3 million jobs since then. We need money to flow YESTERDAY or we are seriously fucked. Stimulus plan takes too long, they need to get money flowing NOW
“But, WTF, what do you want – a good economy or me in charge?”
That’s just idiotic. You presume I subscribe to this idea just to support obama. I subscribe to this idea because the world might suffer less. 30 years of Hyper-leveraging can’t be washed away when all assets are losing value and making extreme debt levels even more IMPOSIBLE to service. The point of “Vocker attitude” has been passed years ago. An interest rate increase these days would GUARANTEE utter implosion in the economy in months, if not weeks.
We are not going to get a good economy for a LONG time even if God herself was the president! For those out there that buy the stories of fund manager on CNBC –second half 09 recovery…! FORGET IT
My biggest fear right now is that one of the weaklings of the Euro defaults and starts a chain reaction worldwide.
GLTA
You fucking twits. You won’t read Skousen or Estulin, aka the TRUTH, and you believe the Truth is a conspiracy theory because a corporate brainwashing machine told you so.
Eat my asshole you fucking sheep. Nuke yourselves while you still can, and do the Universe a massive favor.
Hey, don’t knock my hatred for the demorats – they deserve it. The Repubes have produced 2 decent Presidents since WWII – Eisenhower and Reagan. The demorats have produced none -including the current one as you will discover shortly. Demorats have no political philosophy – they simply want power by whatever means necessary – lie cheat steal – anything goes.