Anyone watching Obama on CNN right now?

[technokc]

Dude not even the president yet and already wanting to put us in a record deficit.

[Drama Queen]

Dude not even the president yet and already wanting to put us in a record deficit.

STFU ,the country is fuc##d already.

[nicky.smth]

who cares bro....

For the last 8 years the printing presses have been going non-stop..

US currency is going to lose a lot of it's value soon...Might as well put in extra money in hard assets

[technokc]

STFU ,the country is fuc##d already.

Then why should I STFU?  If you don't enjoy this thread "Queen" I also have one going of hot chicks you can check out.  You're a lesbian right?

[Cap]

STFU ,the country is fuc##d already.

Another young liberal woman huh?  Idealism=stupidity.  Obama will accomplish little to nothing he promised.  Change...hahaha.

[big L dawg]

Dude not even the president yet and already wanting to put us in a record deficit.

we've been in record deficit for quit some time my friend.way to pass the blame though.

[Drama Queen]

Another young liberal woman huh?  Idealism=stupidity.  Obama will accomplish little to nothing he promised.  Change...hahaha.

?
What are your solutions ,stud ?

[240 is Back]

Another young liberal woman huh?  Idealism=stupidity.  Obama will accomplish little to nothing he promised.  Change...hahaha.

the change is that he's putting a trillion in the pockets of Americans with stim checks and 3-4 million new jobs.

bush and paulson, on the other hand, put a trillion into the banker's hands and they are legally NOT TELLING US where the $ is going.

The $ has to be i nterjected into economy - both parties are donig it.  I personally perfect where obama is sending the $ - to americans

[technokc]

we've been in record deficit for quit some time my friend.way to pass the blame though.

Yes, but his plans call for 1.2 trillion this year.  Am not even sure wether I am for or against his stimulus package actually.  Just wanted to see want some of my fellow Getbiggers thought on this.

[The Showstoppa]

the change is that he's putting a trillion in the pockets of Americans with stim checks and 3-4 million new jobs.

bush and paulson, on the other hand, put a trillion into the banker's hands and they are legally NOT TELLING US where the $ is going.

The $ has to be i nterjected into economy - both parties are donig it.  I personally perfect where obama is sending the $ - to americans

Come on 240... did you praise Bush when he did the rebates?  Or bash it then, only to praise it now.  It will not stimulate the economy because all people are going to do is pay down debt they already have.  It will make the bankers and creditors happy....hmmm, wonder who Obama is trying to make happy?

[nicky.smth]

the change is that he's putting a trillion in the pockets of Americans with stim checks and 3-4 million new jobs.

bush and paulson, on the other hand, put a trillion into the banker's hands and they are legally NOT TELLING US where the $ is going.

The $ has to be i nterjected into economy - both parties are donig it.  I personally perfect where obama is sending the $ - to americans

Hey bro i like what Obama is doing...


However, I don't think you understand the extend of what transpired in the past few months...The credit market were literally frozen, due to their Lehman collapse, and a 65 billion dollar money market fund breaking the Buck...This lead to runs on Money market funds, where large corps borrowed in the short run..Those bank bail outs were very much needed, since there was virtually no liquidity left in the system

The banking system was on the verge of callapse

it's not like the market would correct itself in this situation

[Cap]

?
What are your solutions ,stud ?

I'll take that as a yes.  Did you vote for him because you believe his liberal ideas and/or because of the color of his skin?  I'm curious.

I can tell you one thing, proposing to tax more to give to people to get them to spend again is pretty stupid.  Ever notice how every time he speaks the stocks drop?  His pick for CIA director is just one of many stupid decisions we will see.

Rob, taxing me and giving trillions that my grandkids will pay for is not a good solution.  There are jobs, but people don't want to work them.  People became too good to work in certain areas and would rather stay at home, collect federal aid and bitch at the government.  Bottom line, you don't work you don't eat.  You don't like it, join the military.  Decent pay, good benefits.  There is always a way to get by.

[technokc]

Hey bro i like what Obama is doing...


However, I don't think you understand the extend of what transpired in the past few months...The credit market were literally frozen, due to their Lehman collapse, and a 65 billion dollar money market fund breaking the Buck...This lead to runs on Money market funds, where large corps borrowed in the short run..Those bank bail outs were very much needed, since there was virtually no liquidity left in the system

That is one of the big problems with the way the rates are now. . . . . they can't go any lower. . . . so if this doesn't work it would be impossible to increase "liquidity" from the rates.  This shit better work or we could be in big trouble.

[Drama Queen]

   Ever notice how every time he speaks the stocks drop?  

HAhhaaa, brainwashed

[big L dawg]

I'll take that as a yes.  Did you vote for him because you believe his liberal ideas and/or because of the color of his skin?  I'm curious.

I can tell you one thing, proposing to tax more to give to people to get them to spend again is pretty stupid.  Ever notice how every time he speaks the stocks drop?  His pick for CIA director is just one of many stupid decisions we will see.

Rob, taxing me and giving trillions that my grandkids will pay for is not a good solution.  There are jobs, but people don't want to work them.  People became too good to work in certain areas and would rather stay at home, collect federal aid and bitch at the government.  Bottom line, you don't work you don't eat.  You don't like it, join the military.  Decent pay, good benefits.  There is always a way to get by.

there are jobs?thats a pretty big blanket statement don't you think.

[pumpster]

Opinions are like assholes, everyone's got one.

The changeover from the worst administration in history can't happen fast enough, the economy's in a tailspin with Bush and others having been big contributors to problems, now having done precious little to date to effectively address anything. The Paulson and other bailout monies were poorly spent.

[240 is Back]

Come on 240... did you praise Bush when he did the rebates?  Or bash it then, only to praise it now.  It will not stimulate the economy because all people are going to do is pay down debt they already have.  It will make the bankers and creditors happy....hmmm, wonder who Obama is trying to make happy?

I too my bush check with a smile, and i'll take my obama check with a smile.
these 2 were GOOD things - we got more of our damn $ back.

on the other hand, giving 2 trillion bucks to banks - to secretly use as they pleased - was some serious bullshit.   Bush did it 3 months ago swearing it was that or collapse/martial law (yse, some congressman said he used those words if it didn't pass)

3 months later, we're still economically fvcked.  If they had given that 2 trillion to americans, you bet your ass it'd be being spent right now.

[nicky.smth]

the thing is the Banks aren't using this money to lend..They are using it to clean up there balance sheet, or de-leverage or whatever the new term is..They Have a bunch of worthless securities on their balance sheets

[pumpster]

the thing is the Banks aren't using this money to lend..They are using it to clean up there balance sheet, or de-leverage or whatever the new term is..They Have a bunch of worthless securities on their balance sheets

Poorly spent money, there were no stipulations to make them loosen lending instead they've used it internally.

[technokc]

No oversight on the bank bailout was most definetly a mistake.  Seriously, supposedly you have the brightest people in america working in D.C.  How the fuck do you give out billions of dollars and not think about making sure the money is used properly?

[nicky.smth]

I too my bush check with a smile, and i'll take my obama check with a smile.
these 2 were GOOD things - we got more of our damn $ back.

on the other hand, giving 2 trillion bucks to banks - to secretly use as they pleased - was some serious bullshit.   Bush did it 3 months ago swearing it was that or collapse/martial law (yse, some congressman said he used those words if it didn't pass)

3 months later, we're still economically fvcked.  If they had given that 2 trillion to americans, you bet your ass it'd be being spent right now.

It's hard to say rob what Americans would do with that money..Considering the fact there have seen there home values fall drastically, and there 401(K)'s values plummet...My guess is they would put the money under the mattress,where it wouldn't stimulate the economy..You know the multiplier effect..

Another guess would be americans would use that money to pay down debt

[Drama Queen]

  
"Become an expert of economics, politics, and philosophy"
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[The Showstoppa]

I too my bush check with a smile, and i'll take my obama check with a smile.
these 2 were GOOD things - we got more of our damn $ back.

on the other hand, giving 2 trillion bucks to banks - to secretly use as they pleased - was some serious bullshit.   Bush did it 3 months ago swearing it was that or collapse/martial law (yse, some congressman said he used those words if it didn't pass)

3 months later, we're still economically fvcked.  If they had given that 2 trillion to americans, you bet your ass it'd be being spent right now.

but why only hold Bush personally accountable?  The only bump in the road was the Republicans who voted it down the first time, but the Democrats ram-rodded it thru.  So why not share the blame? 

It's as if everyone is assigning so much blame to only the Bush admin, that everything will magically change when they are out....which is complete bullshit.....but it's what got Obama elected.

[The Coach]

STFU ,the country is fuc##d already.

LOL.....and who fault is that??

[Drama Queen]

LOL.....and who fault is that??

You tell me, stud