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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on May 15, 2009, 05:31:08 AM
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Dead People Get Stimulus Checks
Updated: Thursday, 14 May 2009, 10:30 PM EDT
Published : Thursday, 14 May 2009, 5:28 PM EDT
MYFOXNY.COM - This week, thousands of people are getting stimulus checks in the mail. The problem is that a lot of them are dead. A Long Island woman was shocked when she checked the mail and received a letter from the U.S. Treasury -- but it wasn't for her.WATCH DICK BRENNAN'S REPORT (VIDEO, LEFT)
Antoniette Santopadre of Valley Stream was expecting a $250 stimulus check. But when her son finally opened it, they saw that the check was made out to her father, Romolo Romonini, who died in Italy 34 years ago. He'd been a U.S. citizen when he left for Italy in 1933, but only returned to the United Stated for a seven-month visit in 1969.
The Santopadres are not alone. The Social Security Administration, which sent out 52 million checks, says that some of those checks mistakenly went to dead people because the agency had no record of their death. That amounts to between 8,000 and 10,000 checks for millions of dollars.
The feds blame a rushed schedule, because all the checks have to be cut by June. The strange this is, some of the checks were made out to people -- like Romonini -- who were never even part of the Social Security system.
________________________ ________________________ ________________________ ______
240 - is this what you thought the Stimulss was supposed to be about?????
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240 - is this what you thought the Stimulss was supposed to be about?????
wow, dude, take a breath... youre nearly as obsessed with me as that tony fella
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wow, dude, take a breath... youre nearly as obsessed with me as that tony fella
No response?Admit it,the stimulous bill is THE BIGGEST disaster in the history of politics.Its 1 trillion dollars COMPLETELY wasted and thrown away.THATS what happens when the government gets involved in ANYTHING.
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wow, dude, take a breath... youre nearly as obsessed with me as that tony fella
You have shilled this Obama fraud for months saying it would create 4 million jobs etc etc, and this is what the real results are.
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Attention leftwing nutbags...these are the same people who will manage ur healthcare...good luck with all of that.
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You have shilled this Obama fraud for months saying it would create 4 million jobs etc etc, and this is what the real results are.
it would be foolish to look at the plan - 2 months into an 18-month growth package - and determine it to be a failure. You wouldn't watch the first 5 minutes of a football game and declare the 7-3 leader to be the winner, right?
I keep seeing it on getbig... "biggest failure in history" etc. Really, stop being such little drama queens. it took clinton's 1993 stim package a year to work, and when it did, the economy boomed. I'd say we wait the 18 months, see how the new jobs spurn spending, then evaluate it.
I mean, you dont want to be the one douche in the party screaming about how all is lost, then end up with egg on your face, right?
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it would be foolish to look at the plan - 2 months into an 18-month growth package - and determine it to be a failure. You wouldn't watch the first 5 minutes of a football game and declare the 7-3 leader to be the winner, right?
I keep seeing it on getbig... "biggest failure in history" etc. Really, stop being such little drama queens. it took clinton's 1993 stim package a year to work, and when it did, the economy boomed. I'd say we wait the 18 months, see how the new jobs spurn spending, then evaluate it.
I mean, you dont want to be the one douche in the party screaming about how all is lost, then end up with egg on your face, right?
you dont seem to understand it really doesnt matter how much it booms if it does, it still wont out boom the spending...
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you dont seem to understand it really doesnt matter how much it booms if it does, it still wont out boom the spending...
the alternative was finaicial collapse.
without the stim bill,
i hate the stim bill, but i recognize without it, we'd currently be without half our banks, half our pensions, and the big 3 automakers. And guess what. The repubs would STILL be bitching. Obama knew the right was going to piss and moan if he let the economy collapse (as was overdue) and they were going to piss and moan if he borrowed/printed a shitload of money to prevent it. So, with the exact same outcome from the right (whining), he chose the one that at least keeps us afloat for a bit.
tony, i think you don't really understand what would happen if AIG, CITI and friends failed. our country would be ruined with no chance of recovery, because nobody would be lending and we'd risk having our interests grabbed up all over the world.
Sure, it's the "right" thing to do. But I think most folks would rather borrow $10 grand from their grandmother when they hit a bad spell, than lose their house and car, just to be "right".
CNBC: jp morgan and goldman are about to start repaying TARP funds, interestingly
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the alternative was finaicial collapse.
without the stim bill,
i hate the stim bill, but i recognize without it, we'd currently be without half our banks, half our pensions, and the big 3 automakers. And guess what. The repubs would STILL be bitching. Obama knew the right was going to piss and moan if he let the economy collapse (as was overdue) and they were going to piss and moan if he borrowed/printed a shitload of money to prevent it. So, with the exact same outcome from the right (whining), he chose the one that at least keeps us afloat for a bit.
tony, i think you don't really understand what would happen if AIG, CITI and friends failed. our country would be ruined with no chance of recovery, because nobody would be lending and we'd risk having our interests grabbed up all over the world.
Sure, it's the "right" thing to do. But I think most folks would rather borrow $10 grand from their grandmother when they hit a bad spell, than lose their house and car, just to be "right".
CNBC: jp morgan and goldman are about to start repaying TARP funds, interestingly
lol
you will be up for a rude awakening in the next 6 months
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No response?Admit it,the stimulous bill is THE BIGGEST disaster in the history of politics.Its 1 trillion dollars COMPLETELY wasted and thrown away.THATS what happens when the government gets involved in ANYTHING.
Iraq
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Iraq
You have bid arms...
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so what's the next bubble going to be?
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lol
you will be up for a rude awakening in the next 6 months
Yep. I'll be very surprised if these bailout recipients suddenly make significant improvement.
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Dead People Get Stimulus Checks
Updated: Thursday, 14 May 2009, 10:30 PM EDT
Published : Thursday, 14 May 2009, 5:28 PM EDT
MYFOXNY.COM - This week, thousands of people are getting stimulus checks in the mail. The problem is that a lot of them are dead. A Long Island woman was shocked when she checked the mail and received a letter from the U.S. Treasury -- but it wasn't for her.WATCH DICK BRENNAN'S REPORT (VIDEO, LEFT)
Antoniette Santopadre of Valley Stream was expecting a $250 stimulus check. But when her son finally opened it, they saw that the check was made out to her father, Romolo Romonini, who died in Italy 34 years ago. He'd been a U.S. citizen when he left for Italy in 1933, but only returned to the United Stated for a seven-month visit in 1969.
The Santopadres are not alone. The Social Security Administration, which sent out 52 million checks, says that some of those checks mistakenly went to dead people because the agency had no record of their death. That amounts to between 8,000 and 10,000 checks for millions of dollars.
The feds blame a rushed schedule, because all the checks have to be cut by June. The strange this is, some of the checks were made out to people -- like Romonini -- who were never even part of the Social Security system.
________________________ ________________________ ________________________ ______
240 - is this what you thought the Stimulss was supposed to be about?????
Big deal, so they wrote a few cheques to some dead guys, ...what's the damage anyway?
Maybe a few cents for paper, postage, and an envelope? ...it's not like all the dead people can cash them.
Maybe in the case of those who have similar or the same names like a dead John Doe who has a son also named John.
And then what is John Doe going to do with the extra $250? ...spend it?
So what are you bitching about? When he spends it, ...it stimulates the economy, ...mission accomplished.
You just don't want John Doe to have any money to pay off any of his bills.
You want him insolvent. You need delinquent accounts or you're out of business.
Now I understand your hatred of Obama. If he turns the economy around, ...you're SOL.
You'll have to make your own way in the world, rather than leeching off the poor choices & misfortunes of others.
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He's not turning anything around other than the dollar being the reserve currency of the world.
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jag if bush had done this you and 240 would have been all over it, i agree its nothing but to you its only nothing b/c obama did it...
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jag if bush had done this you and 240 would have been all over it, i agree its nothing but to you its only nothing b/c obama did it...
Not true at all. You have to ask yourself what system we have in place that just lets millions of dollars go right out the door to dead people. Do you not think this goes on in many other programs as well???
This is the same govt some on this board think can run health care????
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He's not turning anything around other than the dollar being the reserve currency of the world.
That's where you're wrong. You see when the dollar is strong, people want it, but when it's weak, they don't.
They turn instead to other commodities like GOLD, and OIL. If the price When the price of GOLD and OIL go up, that's a big turnaround from recent patterns, and I'll be a happy camper. So you see, Obama is making me and a lot of people very happy. :D
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Not true at all. You have to ask yourself what system we have in place that just lets millions of dollars go right out the door to dead people. Do you not think this goes on in many other programs as well???
This is the same govt some on this board think can run health care????
im sure it does to be perfectly honest, from what i understand these checks were to ppl that have recently passed so its not that they sent them to ppl who have been dead for 20 yrs its just that they hadnt recieved notification that these ppl had passed yet.
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That's where you're wrong. You see when the dollar is strong, people want it, but when it's weak, they don't.
They turn instead to other commodities like GOLD, and OIL. If the price When the price of GOLD and OIL go up, that's a big turnaround from recent patterns, and I'll be a happy camper. So you see, Obama is making me and a lot of people very happy. :D
Oil going up is what helped jet us into this mess. $4 gallon gas stopped economic activity cold on the spot.
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im sure it does to be perfectly honest, from what i understand these checks were to ppl that have recently passed so its not that they sent them to ppl who have been dead for 20 yrs its just that they hadnt recieved notification that these ppl had passed yet.
From the article:
Antoniette Santopadre of Valley Stream was expecting a $250 stimulus check. But when her son finally opened it, they saw that the check was made out to her father, Romolo Romonini, who died in Italy 34 years ago. He'd been a U.S. citizen when he left for Italy in 1933, but only returned to the United Stated for a seven-month visit in 1969.
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From the article:
Antoniette Santopadre of Valley Stream was expecting a $250 stimulus check. But when her son finally opened it, they saw that the check was made out to her father, Romolo Romonini, who died in Italy 34 years ago. He'd been a U.S. citizen when he left for Italy in 1933, but only returned to the United Stated for a seven-month visit in 1969.
hahahhaahah alright thats pretty damn bad ;D
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jag if bush had done this you and 240 would have been all over it, i agree its nothing but to you its only nothing b/c obama did it...
If I recall Bush sent out a bunch of stimulus cheques during his tenure.
Are you saying they added a whole bunch of names to the list before they handed the list over to the Dems,
...or do you think that perhaps Obama has made so few mistakes, that this oft repeated scenario is considered newsworthy. I can see where such news would have taken a back seat in a Bush admin, ...Lord knows there was a ton of mistakes, lies, secrets, and so many controversies and evil shananigans that a poorly pruned list wouldn't have warranted any attention.
Worst case scenario, the Obama admin sent out 10,000 cheques to dead Americans totalling $2,500,000.
$2,500,000 isn't going to destroy the country. If fraudulently cashed, it'll stimulate the economy. Obama is Santa
Bush sent over 10,000 Americans to get shot at in the desert without proper body armour or equipment, in an aggressive war based on lies. It cost the US tax payer trillions and bankrupted a nation. Bush is Grinch
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If I recall Bush sent out a bunch of stimulus cheques during his tenure.
Are you saying they added a whole bunch of names to the list before they handed the list over to the Dems,
...or do you think that perhaps Obama has made so few mistakes, that this oft repeated scenario is considered newsworthy. I can see where such news would have taken a back seat in a Bush admin, ...Lord knows there was a ton of mistakes, lies, secrets, and so many controversies and evil shananigans that a poorly pruned list wouldn't have warranted any attention.
Worst case scenario, the Obama admin sent out 10,000 cheques to dead Americans totalling $2,500,000.
$2,500,000 isn't going to destroy the country. If fraudulently cashed, it'll stimulate the economy. Obama is Santa
Bush sent over 10,000 Americans to get shot at in the desert without proper body armour or equipment, in an aggressive war based on lies. It cost the US tax payer trillions and bankrupted a nation. Bush is Grinch
LOL your party shilling only serves to prove my point sweet heart...
Im sure the lists are different every time as im not getting a stimulus check this time around so yes this is a mistake done soley by obama...I agree this is nothing like i said but again if bush had done it you would have been all over it
LOL you must have gotten you daily dose of olberman tonight...LOL bush and iraq have nothing to do with this, you bitch about bush's spending but applaud obamas unprecedented spending...again your comments only serve to prove that you are a party shill.
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Oil going up is what helped jet us into this mess. $4 gallon gas stopped economic activity cold on the spot.
$4 a gallon gas is a pipe dream that you'll be wishing for once all is said and done!
It wasn't $4 a gallon gas that stopped the economy, ...it was the economy stopping $4 gallon gas.
It was the Wall Street house of cards that came crashing down that stemmed the demand for fuel,
triggering the short sales needed to cover losses. Look to Wall street and their 3 card monty players.
Gas needs to go up even further, ...and it will. It was a difficult adjustment, for some, but they've become used to it. It's going to go up further, ...and people will get used to that, ...and it will continue to go up incrementally, ...and people will adjust incrementally. bUt make no mistake, ...it's going up. 8)
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LOL your party shilling only serves to prove my point sweet heart...
First of all, ...I'm not your sweet heart. your superior, ...but not your sweet heart!
Im sure the lists are different every time as im not getting a stimulus check this time around so yes this is a mistake done soley by obama...I agree this is nothing like i said but again if bush had done it you would have been all over it
Who are you... Kreskin?
LOL you must have gotten you daily dose of olberman tonight...LOL bush and iraq have nothing to do with this, you bitch about bush's spending but applaud obamas unprecedented spending...again your comments only serve to prove that you are a party shill.
I didn't care about bush's spending, I cared about his lies that got people killed and his irresponsible, wreckless, evil and retarded plans to build an impossible and unsustainable American empire in the 21st century.
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want some chocolate? It's white chocolate though...
;)
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First of all, ...I'm not your sweet heart. your superior, ...but not your sweet heart!
Who are you... Kreskin?
I didn't care about bush's spending, I cared about his lies that got people killed and his irresponsible, wreckless, evil and retarded plans to build an impossible and unsustainable American empire in the 21st century.
LOL me superior? iono about that and i didnt call you my sweet heart i called you "A" sweet heart big difference
kreskin is who?
You just made a post criticizing bush for his spendingBush sent over 10,000 Americans to get shot at in the desert without proper body armour or equipment, in an aggressive war based on lies. It cost the US tax payer trillions and bankrupted a nation. Bush is Grinch
funny thing to say for somebody who doesnt care about his spending.
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LOL me superior? iono about that and i didnt call you my sweet heart i called you "A" sweet heart big difference
No, you are NOT superior, ...I AM!
kreskin is who?
GAWD, ...you're so uninformed. ::)
http://en.wikipedia.org/wiki/Kreskin
http://www.amazingkreskin.com/
You just made a post criticizing bush for his spendingfunny thing to say for somebody who doesnt care about his spending.
I made a post critical of bush's insane psycopathical attempts at empire building, and his criminal disregard for human life
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Giving 250$ to people is nothing more than a waste, it's too little to make a difference for one person but too much money wasted on the giver side.
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Giving 250$ to people is nothing more than a waste, it's too little to make a difference for one person but too much money wasted on the giver side.
200 million americans all spending 250 bucks... that's what, 50 billion bucks pumped into the economy? And not to CITI or AIG or some bank... it's 50 bil bucks being given to the local level businesses. walmart, joe's crab shack, Joe blow Chevrolet, etc etc.
IMO, it'll be felt WAY more. Yeah, 250 isn't much to most upper and middle class folks. but on a macro level, with the entire nation spending it, it'll be felt in a major way. And even those who hoard it will collect interest on it, which means the banks will have some free capital to lend, etc.
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200 million americans all spending 250 bucks... that's what, 50 billion bucks pumped into the economy? And not to CITI or AIG or some bank... it's 50 bil bucks being given to the local level businesses. walmart, joe's crab shack, Joe blow Chevrolet, etc etc.
IMO, it'll be felt WAY more. Yeah, 250 isn't much to most upper and middle class folks. but on a macro level, with the entire nation spending it, it'll be felt in a major way. And even those who hoard it will collect interest on it, which means the banks will have some free capital to lend, etc.
Moron, those $250 checks went for credit card debt, food, booze, gas, etc.
As the evidence shows those checks do not create jobs. They keep a failed economy propped us a little while until the total collapse happens. Even Obama admitted I am write on this by his speech the other day.
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Moron, those $250 checks went for credit card debt, food, booze, gas, etc.
As the evidence shows those checks do not create jobs. They keep a failed economy propped us a little while until the total collapse happens. Even Obama admitted I am write on this by his speech the other day.
Well somebody has to process the payment, report it to Equifax etc., ring up the cash register, grow the food,
pump the gas, or ferment the booze. Booze sales can keep alot of people in business... just ask Capone or even the Bronfmans. Being a check out clerk at a grocery store may not be the ideal dream job, ...but it can put food on the table, or contribute to household expenses. Just ask anyone recently laid off and facing homelessness if a job as a checkout clerk or gas jockey might help. I knew a girl who worked at a full serve gas station as a gas pump jockey in high school. She found it highly lucrative.
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Well somebody has to process the payment, report it to Equifax etc., ring up the cash register, grow the food,
pump the gas, or ferment the booze. Booze sales can keep alot of people in business... just ask Capone or even the Bronfmans. Being a check out clerk at a grocery store may not be the ideal dream job, ...but it can put food on the table, or contribute to household expenses. Just ask anyone recently laid off and facing homelessness if a job as a checkout clerk or gas jockey might help. I knew a girl who worked at a full serve gas station as a gas pump jockey in high school. She found it highly lucrative.
I dont disagee on that point. But businesses are not going to hire people based on people getting a one time $250 check to spend once.
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$4/gal gas was a huge part of killing the economy on a micro level. Arguing with someone who doesn't understand something that simple is pointless.
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I dont disagee on that point. But businesses are not going to hire people based on people getting a one time $250 check to spend once.
That all depends on the business now doesn't it. I'll bet there were alot of new subscriptions to Dani's playground
I'm sure the dept that printed, sorted & mailed all those cheques needed to take on a few hires to get them out
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$4/gal gas was a huge part of killing the economy on a micro level. Arguing with someone who doesn't understand something that simple is pointless.
Of course it was. Jag is clueless.
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Of course it was. Jag is clueless.
$4 gallon gasoline, was minimal, ...I'm sure the $5 gallon diesel had more of an effect than the price of gas.
Ya, consumers were squeezed at the pump, ...but they still paid it. That's not what killed the economy.
It was all the worthless equities sold as supposedly solid investments the world over that screwed it.
Lack of liquidity in the markets stalls any economy. Just because prices are higher doesn't mean people stop buying, ...especially on non-discretionary expenditures like fuel. It simply means they divert a portion of their budget that otherwise would have been spent elsewhere. Yes, it has an impact... less dining out, ...less entertainment, ...less expensive items elsewhere, ...but the real problems occured with the massive defaults and overleveraging of banks, and slowdown of credit, and pricing adjustments in the housing sectors. The economy was run on credit, and once the cash flow slowed down and the credit dried up, ...things went south very quickly. $4 a gallon gasoline is an easy scapegoat, but it was a mere drop in the bucket, compared to the real culprit(s)
(insert appropriate Bush bashing here) :P
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$4 gallon gasoline, was minimal, ...I'm sure the $5 gallon diesel had more of an effect than the price of gas.
Ya, consumers were squeezed at the pump, ...but they still paid it. That's not what killed the economy.
It was all the worthless equities sold as supposedly solid investments the world over that screwed it.
Lack of liquidity in the markets stalls any economy. Just because prices are higher doesn't mean people stop buying, ...especially on non-discretionary expenditures like fuel. It simply means they divert a portion of their budget that otherwise would have been spent elsewhere. Yes, it has an impact... less dining out, ...less entertainment, ...less expensive items elsewhere, ...but the real problems occured with the massive defaults and overleveraging of banks, and slowdown of credit, and pricing adjustments in the housing sectors. The economy was run on credit, and once the cash flow slowed down and the credit dried up, ...things went south very quickly. $4 a gallon gasoline is an easy scapegoat, but it was a mere drop in the bucket, compared to the real culprit(s)
(insert appropriate Bush bashing here) :P
I'm typing this slow: $4+/gal gas accelerated the rate at which individual consumers were forced to spend or go into debt. Even if all other factors in the economy were perfect there are a lot of individuals who still would have been screwed because that one aspect of their budget doubled.
Comparing US to Canadian prices is silly due to the socialism and far higher taxes, so don't waste the time.
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I'm typing this slow: $4+/gal gas accelerated the rate at which individual consumers were forced to spend or go into debt. Even if all other factors in the economy were perfect there are a lot of individuals who still would have been screwed because that one aspect of their budget doubled.
Comparing US to Canadian prices is silly due to the socialism and far higher taxes, so don't waste the time.
Type as slow as ya want. if ya type really really slow, you might even match the rate at which your brain cells fire
Gas prices in Canada were upwards of $5.50 a gallon, ...yet we are the fiscally soundest nation of all the G20.
Why is that, due to our $5+ /gallon gas, our socialism, or even higher taxes that Cdn consumers have to fork out?
...or could it perhaps have been our sound banking principles, lack of over leveraging, and wise regulatory practices?
That's ok, ...I got plenty of time. Feel free to tell me when it eventually comes to you. :P
(http://www.jaguarenterprises.net/images/cat_fruit_hat.jpg)
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Moron, those $250 checks went for credit card debt, food, booze, gas, etc.
As the evidence shows those checks do not create jobs. They keep a failed economy propped us a little while until the total collapse happens. Even Obama admitted I am write on this by his speech the other day.
LOL... even if you are an alcoholic right and 100% of the money will be spent on alcoholic consumption, then the beer industry gets a $50 bilion shot in arm, which definitely needs to expansion and ned jobs. Farming, brewing, distribution and sales.
Economics in the macro is a great thing. I mean, Obama could give everyone $250 to spend on lollipops and you'd have a slew of new jobs.
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Type as slow as ya want. if ya type really really slow, you might even match the rate at which your brain cells fire
Gas prices in Canada were upwards of $5.50 a gallon, ...yet we are the fiscally soundest nation of all the G20.
Why is that, due to our $5+ /gallon gas, our socialism, or even higher taxes that Cdn consumers have to fork out?
...or could it perhaps have been our sound banking principles, lack of over leveraging, and wise regulatory practices?
That's ok, ...I got plenty of time. Feel free to tell me when it eventually comes to you. :P
(http://www.jaguarenterprises.net/images/cat_fruit_hat.jpg)
You lack the capacity necessary for comparing apples with apples. US population is too large and the economy is too small to create a welfare nation like Canada. Considering idiotic moves like NAFTA, GAT, China and allowing Japan's comparative pricing schemes it's a surprise we have any country left.
Are CDOs and over leveraging a bad thing? Yes. They are why the bubble burst but not why the economy sucks. The economy sucks because so few things are manufactured in the US and the Govt. keeps subsidizing itself on every level with increased taxes instead of doing things to create jobs.
The only thing that's gonna save America is it's citizens having jobs. Repealing NAFTA, GAT and then imposing serious tariffs on goods not made in the US would be a good place to start. By "made in the US" I mean 100% made in the US in every aspect of their production.
People always want to pretend other stable countries don't exist off the US's teet. Tons of 'made in America' products are only finished here and all those assembly, manufacturing jobs are going overseas. Even customer support has been outsourced in many cases.
We need more jobs, less taxes and subsidies to make America manufactured goods more competitive.
Tariffs are not taxes. They are just a way of saying: if you want to send money to Japan, China, Canada, Mexico, etc... then pay a little extra. :)
All of this mess can be solved with jobs. No more, no less. OUr politicians just can't afford to do what's right because China owns too much of our debt at this point.
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Type as slow as ya want. if ya type really really slow, you might even match the rate at which your brain cells fire
Gas prices in Canada were upwards of $5.50 a gallon, ...yet we are the fiscally soundest nation of all the G20.
Why is that, due to our $5+ /gallon gas, our socialism, or even higher taxes that Cdn consumers have to fork out?
...or could it perhaps have been our sound banking principles, lack of over leveraging, and wise regulatory practices?
That's ok, ...I got plenty of time. Feel free to tell me when it eventually comes to you. :P
because Canada is a net exporter dummy, high oil prices are good for Canada. The US imports over half it's oil for consumption, let's say it's 10mbd(it's more than that).
$150 times 10 million, that's $1.5 billion dollars per DAY being sent out of the US, overseas. 550 billion dollars being sent overseas per year, about 5% of GDP on oil alone, that is an astronomical figure and you are a total fool with no knowledge of economics if you don't think this will have a huge detrimental effect on any economy.
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because Canada is a net exporter dummy, high oil prices are good for Canada. The US imports over half it's oil for consumption, let's say it's 10mbd(it's more than that).
$150 times 10 million, that's $1.5 billion dollars per DAY being sent out of the US, overseas. 550 billion dollars being sent overseas per year, about 5% of GDP on oil alone, that is an astronomical figure and you are a total fool with no knowledge of economics if you don't think this will have a huge detrimental effect on any economy.
People are getting paid $22 an hour to pour coffee at Tim Horton's in Alberta. Of course she's in favor of high gas prices, LOL!
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People are getting paid $22 an hour to pour coffee at Tim Horton's in Alberta. Of course she's in favor of high gas prices, LOL!
$4.00 gas destroyed family vacations, boating, flying, motor sports, and caused many other problems.
In my office building alone, we had a huge assessment due to the higher costs of oil. Every tenant got charged. That is less money to spend in the economy.
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$4.00 gas destroyed family vacations, boating, flying, motor sports, and caused many other problems.
In my office building alone, we had a huge assessment due to the higher costs of oil. Every tenant got charged. That is less money to spend in the economy.
Those prices were great for our 'friends' in Canada. :)
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I'm typing this slow: $4+/gal gas accelerated the rate at which individual consumers were forced to spend or go into debt. Even if all other factors in the economy were perfect there are a lot of individuals who still would have been screwed because that one aspect of their budget doubled.
Comparing US to Canadian prices is silly due to the socialism and far higher taxes, so don't waste the time.
And it wasn't just the increase at the pump. The increase in oil prices affected utility bills, airfare, and the cost of goods. Huge domino effect.
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And it wasn't just the increase at the pump. The increase in oil prices affected utility bills, airfare, and the cost of goods. Huge domino effect.
Don't confuse her with too much info, LOL!
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And it wasn't just the increase at the pump. The increase in oil prices affected utility bills, airfare, and the cost of goods. Huge domino effect.
Oh believe me, ...I know about the domino effect! I just think the economy would have withstood it. It had to.
What it couldn't withstand, was the motherlode of ARM's hitting at the same time. That triggered even MORE of a domino effect than the increase of fuel.
People were getting squeezed for 3 yrs, ...but the massive "domino effect" on the economy of which you speak was due to the worthless CDO's peddled by wall street. Europeans had been paying $5 - $8 / gallon for years
Mark my words. We're going to see another increase in the price of fuel, that's is going to be sustained.
It HAS TO rise. It's an inevitability. No matter how you slice it, those costs ARE going up.
Removing oil from tar sands is an extremely expensive process. Unless those costs are covered, who'll extract it?
If no one extracts it, the end result, no oil. With a scarcity of supply, ...oil prices go up (and Americans & Iraqi's die). North American oil workers must be paid a living wage. This isn't like lettuce pickers in Arizona, ...oil workers have to have skills. Higher oil prices means a more abundant supply which will over time put a slight downward stabilizing pressure on prices, but the overall pricing structure will raise, and STAY there. There is too much demand for oil in the world, and oil is a requirement to maintain, let alone grow an economy. Even if Americans don't buy the oil, or balk at the price, ...it doesn't matter. They are far too outnumbered by the Chinese and the Indians who need the oil, so the higher prices will be paid.
Per capita, Americans consume more oil than any other country, ...but China & India have more people. For every American that says NO, ...there are at least 20 - 30 Chinese or Indians who say YES. China and India have the world's fastest growing middle class, while the US has the world's fastest shrinking middle class. It's a foregone conclusion.
The world in which we live is increasingly shaped not by decisions made in Washington, ...but by those made in Beijing and New Delhi. You can balk at that as much as you want, ...you can deny it as much as you want, ...but it won't change the facts. The sooner Americans realize that, they can get on with the task of rebuilding their economy, and making the adjustments they need to make in order to survive and thrive in "The Post American World" which btw happens to be a neat book by Fareed Zakaria. (W.W. Norton & Company; 2008) ISBN 0-393-06235-X
(http://upload.wikimedia.org/wikipedia/en/a/a6/ZakariaFareed-PostAmericanWorld.jpg)
He discusses it here with Jon Stewart of The Daily Show
http://watch.thecomedynetwork.ca/the-daily-show-with-jon-stewart/full-episodes/#clip52356 (http://watch.thecomedynetwork.ca/the-daily-show-with-jon-stewart/full-episodes/#clip52356)
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Don't confuse her with too much info, LOL!
>:(
(http://www.jaguarenterprises.net/images/cat_fruit_hat.jpg)
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$4 gallon gasoline, was minimal, ...I'm sure the $5 gallon diesel had more of an effect than the price of gas.
Ya, consumers were squeezed at the pump, ...but they still paid it. That's not what killed the economy.
It was all the worthless equities sold as supposedly solid investments the world over that screwed it.
Lack of liquidity in the markets stalls any economy. Just because prices are higher doesn't mean people stop buying, ...especially on non-discretionary expenditures like fuel. It simply means they divert a portion of their budget that otherwise would have been spent elsewhere. Yes, it has an impact... less dining out, ...less entertainment, ...less expensive items elsewhere, ...but the real problems occured with the massive defaults and overleveraging of banks, and slowdown of credit, and pricing adjustments in the housing sectors. The economy was run on credit, and once the cash flow slowed down and the credit dried up, ...things went south very quickly. $4 a gallon gasoline is an easy scapegoat, but it was a mere drop in the bucket, compared to the real culprit(s)
(insert appropriate Bush bashing here) :P
fucking clueless....
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$4 a gallon gas is a pipe dream that you'll be wishing for once all is said and done!
It wasn't $4 a gallon gas that stopped the economy, ...it was the economy stopping $4 gallon gas.
It was the Wall Street house of cards that came crashing down that stemmed the demand for fuel,
triggering the short sales needed to cover losses. Look to Wall street and their 3 card monty players.
Gas needs to go up even further, ...and it will. It was a difficult adjustment, for some, but they've become used to it. It's going to go up further, ...and people will get used to that, ...and it will continue to go up incrementally, ...and people will adjust incrementally. bUt make no mistake, ...it's going up. 8)
incrementally LOL... wow, really clueless..
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incrementally LOL... wow, really clueless..
$4.00 a gallon gas stopped things dead in its tracks on the consumer side of things.
I know a few people with boats who did not even unwrap them this year and last year due to the cost of gas. Think of who that effects. Marinas, mechanics, gas docks, etc. That is just one small thing that $4 a gallon gas destroyed.
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$4.00 a gallon gas stopped things dead in its tracks on the consumer side of things.
I know a few people with boats who did not even unwrap them this year and last year due to the cost of gas. Think of who that effects. Marinas, mechanics, gas docks, etc. That is just one small thing that $4 a gallon gas destroyed.
you don't have to convince me.