Gas Bandit's Political Thread II

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GasBandit

Staff member
A Troll said:
GasBandit said:
We've lost $3 trillion in American wealth since the election. Investors are walking away. Capital is on strike. Why? According to Investor's Business Daily, the people with the money just have no confidence in the person with the power. Not good.
GB, maybe I'm misunderstanding, but it seems like you're assigning part of the blame for the current severe downturn to Obama's administration. Is that an accurate portrayal of what you're saying? Now, I can go along with the possibility that this lack of faith could hinder the rebuilting process, but I don't see how anyone can reasonably pin any of the actual fall on the current two month old administration. Or am I misinterpreting your statement?
I am saying that it is getting worse because the investor class doesn't have any confidence in Obama. They've seen the writing on the wall that his agenda is a full-on assault on american capitalism. Dieb's got his own opinion on the matter, which seems to be "it's getting worse because these figures show that it's getting worse."
 
GasBandit said:
A Troll said:
GasBandit said:
We've lost $3 trillion in American wealth since the election. Investors are walking away. Capital is on strike. Why? According to Investor's Business Daily, the people with the money just have no confidence in the person with the power. Not good.
GB, maybe I'm misunderstanding, but it seems like you're assigning part of the blame for the current severe downturn to Obama's administration. Is that an accurate portrayal of what you're saying? Now, I can go along with the possibility that this lack of faith could hinder the rebuilting process, but I don't see how anyone can reasonably pin any of the actual fall on the current two month old administration. Or am I misinterpreting your statement?
I am saying that it is getting worse because the investor class doesn't have any confidence in Obama. They've seen the writing on the wall that his agenda is a full-on assault on american capitalism. Dieb's got his own opinion on the matter, which seems to be "it's getting worse because these figures show that it's getting worse."
That whole pesky figures verses opinion! :p
 

GasBandit

Staff member
Russia says that it does not want to haggle over this missile defense shield and Iranian nuclear plans. This is Putin telling Obama "We're calling the shots here." Yeah, let's subvert our own interests so these guys will give us hollow support on iran that will crumple at their whim.

Here's a real shocker .. Tim Geithner said that stabilizing the financial system is probably going to cost more than the original $700 billion plan.

Tomorrow the Congress is going to vote on this mortgage bill that says a judge can arbitrarily decide you don't have to pay all your mortgage. THAT'LL fix it.

Does anybody find this a little humorous? Treasury Secretary Tim Geithner is going to set rules to limit the ability of international companies to avoid U.S. taxes.

Dick Morris explains how Obama and the Democrats are waging a war on prosperity.

Yesterday the Senate voted to keep all of their 8,500 earmarks in the omnibus spending bill.

The next looming $1 trillion bailout? Government pension plans.

Tony Blankley has a new bumper sticker slogan for ya .. Obama lied; the economy died. See how irritating that is, lefties?

Jim Cramer said that "this is the greatest wealth destruction I've seen by a President." The White House's response was to say that Jim Cramer's opinions are "geared to a very small audience."

A lawmaker in West Virginia wants to outlaw Barbie because places too much emphasis on beauty for young girls.

For all you worshippers out there .. we now bring you Obama votive candles.
 

GasBandit

Staff member
Krisken said:
That whole pesky figures verses opinion! :p
Reading comprehension for the win. I said the figures aren't a cause, they're a description of the symptom. Read. Digest. Post. I know that's asking a lot from you.
 
Dieb said:
Hey, Barack Obama has picked up another endorsement: Halfrican American actress Halle Berry. "As a Halfrican American, I am honored to have Ms. Berry's support, as well as the support of other Halfrican Americans.
Now, I have a problem with that statement.
Which, lets be clear, you are allowed to. I see it as satire/parody similar to South Park. Offensive? Yes? Funny? Not to you (incidentally, not to me either but then again I don't laugh at every single joke on South Park so I guess two individuals can't be the arbiter's of what is or isn't actually funny can we?) but unlike you I don't find racism in it.
Dieb said:
Just as I have a problem with the phrase "Barack the Magic Negro". It's ugly and dehumanizing.
Mr. Limbaugh would agree with you on that. That was the entire reason he used it in his parody. A liberal calling the black candidate "The Magic Negro". Makes for a hell of a parody don't it? As to why he used Sharpton, well, we will get to that below ;)
Dieb said:
Now, if it had been funny, that'd be another thing. Like SNL and Chappelle, you know that they are joking, at least in part because they are actually funny.
You are dealing entirely with subjective things here and cannot seriously expect me to agree that you are the one who says what is joking or isn't. If you don't "know" when Rush is using parody or making points through humor then again, we have to agree to disagree. That's really all we can do.
Dieb said:
And Gwen Ifill is a silly comparison, she was having a serious discussion about the issues involved, which I think we can all agree Limbaugh was not going for.
Ah, now here is the meat of the thing where you totally missed my boat. The reason I brought Gwen Ifill up is because her issue was one that was discussed prominantly in the media during the election, by everyone from Sharpton to Jackson to Obama (hell, he even LIED about his ties to the movement in Selma, so obviously he understood the need to connect with the previous generation of Black leaders) to the MSM. So Rush creates a parody that focuses on this issue. Was he going for a "serious" discussion of the issue? Only so far as any of the other entertainers do, but that's not the point. The point is it was exactly Ms. Ifill's issue that Rush was commenting on. To not see that misses the ENTIRE point of the bit, after all that was THE reason he used Sharpton. To tie the issues together.
Dieb said:
Now, obviously, funny is an arbitrary standard. People can certainly differ on these kinds of matters. I'm just saying, FOR ME, it crossed the line.
Nice to see you agree with me here but since your post is riddled with things like:
"Now, if it had been funny"
"you know that they are joking"
"they are actually funny."
"...Limbaugh was not going for"
how do I know which version of your post to go with? The one where you say "It isn't funny and thats THAT" or the one where you say "I don't personally find it funny". Those are quite different things. One mindset leaves no room for discussion and one does.
Dieb said:
I'm not advocating any action based on this. Just that it's not the sort of thing that I would want to do, nor would people that I respect.
That's fair. A lot of people don't respect the South Park guys and with damn good reason. But I'm not going to scream RACISM or HOMOPHOBIA whenever they satirize or make fun of those things. I think I will close today with some words from Clint Eastwood, ''I don't want to be politically correct. We're all spending too much time and energy trying to be politically correct about everything."
Thanks for the good discussion Dieb. :)
(and sorry if I don't make sense, I'm on my first cup of coffee this morning!)
 
GasBandit said:
Krisken said:
That whole pesky figures verses opinion! :p
Reading comprehension for the win. I said the figures aren't a cause, they're a description of the symptom. Read. Digest. Post. I know that's asking a lot from you.
No reason to be rude, Gas. Unless, of course, you'd like our discussions to go back to the old format of me replying in kind to you. You want to play in the mud, that's fine with me. However, it will likely be me pointing out how lame things like
Democrats want to drag some of the Obama children's classmates out of their Sidwell Friends school and send them back to government schools. Will Obama stand up for these children? What? Are you kidding me? Not only no, but hell no. Not with the teacher's unions watching his every move.
is.
 
M

makare

GasBandit said:
Krisken said:
That whole pesky figures verses opinion! :p
Reading comprehension for the win. I said the figures aren't a cause, they're a description of the symptom. Read. Digest. Post. I know that's asking a lot from you.

Hehe YOU saying THAT. Honestly gas you are a funny man. I lold.
 

GasBandit

Staff member
Krisken said:
However, it will likely be me pointing out how lame things like
Democrats want to drag some of the Obama children's classmates out of their Sidwell Friends school and send them back to government schools. Will Obama stand up for these children? What? Are you kidding me? Not only no, but hell no. Not with the teacher's unions watching his every move.
is.
Lame how? The democrats want to end the voucher program that is letting those parents (of minority students, even) have the option of deciding where to send their kids. Obama, like the other democrats, is beholden to the teacher's unions, which are dead-diddly-dee-dead set against any kind of voucher system. Where's the problem? It's just another example of how liberals harm most those they purport to help.
 
GasBandit said:
I am saying that it is getting worse because the investor class doesn't have any confidence in Obama. They've seen the writing on the wall that his agenda is a full-on assault on american capitalism. Dieb's got his own opinion on the matter, which seems to be "it's getting worse because these figures show that it's getting worse."
Not quite. I'm saying it's GOING to get worse for the stockmarket because this figure (specifically, the P/E ratio of the market) is not AS BAD AS IT USUALLY GETS DURING DOWNTURNS. Now, maybe the problem here is knowledge of what, specifically, the P/E ratio is (even if you do Gas, I'm sure some people reading this do not know what it is). So let me explain.

P/E stands for Price (as in stock price for a specific company or the market as a whole) divided by Earnings (as in profit for a specific company or the market as a whole). Now, the theory is that stock prices basically are dependent on the profit made by the companies, as, after all, owning a stock just means you own part of the company. For the market as a whole, the P/E ratio averages around 14 (that is to say, prices are 14 times what the profits are). That average has been remarkably steady for over a hundred years. However, that's just an average. In bubbles, the P/E ratio goes up, usually peaking around 25 (stock prices are 25 times what the profits are...ie, don't buy! Prices are way above profits!) In recessions, the P/E ratio goes down, usually cratering around 7 (stock prices are only 7 times what profits are). Right now, the P/E ratio is around 12. That is to say, below the long term average, but still way above what it usually gets to during recessions. So the market will continue falling, no matter what Obama does or does not do.

Jim Cramer said that "this is the greatest wealth destruction I've seen by a President." The White House's response was to say that Jim Cramer's opinions are "geared to a very small audience."
Do you seriously believe anything Jim Cramer says? His show is all about entertainment - you'd make more money doing the opposite of his advice than actually following it. I'd trust a monkey throwing darts to pick stocks more than I would Jim Cramer. Seriously. Random picks would be FAR better.

I'm feeling quite sick, and I kinda just spent all my energy replying to Gas, so I won't do a line-by-line post about Limbaugh. Let me just reply to this:

how do I know which version of your post to go with? The one where you say "It isn't funny and thats THAT" or the one where you say "I don't personally find it funny". Those are quite different things. One mindset leaves no room for discussion and one does.
I'm sorry, I was being unclear. Humor is obviously subjective. Just because I find something to not be funny doesn't mean that it is objectively not funny. Satire is notoriously hard to define. Like porn, you just have to know it when you see it - but people will therefore have different opinions on it. And even if I find it funny or not, that doesn't mean it's racist to me or not. I've found racial humor not funny and not thought it was racist, and yea, I've laughed at racist jokes. I do feel that humor is a good general guide, however.

I'll try to reply to the rest at some point. Right now, I'm going for a nap. Mmmmmm, nap....
 

GasBandit

Staff member
Dieb said:
GasBandit said:
I am saying that it is getting worse because the investor class doesn't have any confidence in Obama. They've seen the writing on the wall that his agenda is a full-on assault on american capitalism. Dieb's got his own opinion on the matter, which seems to be "it's getting worse because these figures show that it's getting worse."
Not quite. I'm saying it's GOING to get worse for the stockmarket because this figure (specifically, the P/E ratio of the market) is not AS BAD AS IT USUALLY GETS DURING DOWNTURNS. Now, maybe the problem here is knowledge of what, specifically, the P/E ratio is (even if you do Gas, I'm sure some people reading this do not know what it is). So let me explain.

P/E stands for Price (as in stock price for a specific company or the market as a whole) divided by Earnings (as in profit for a specific company or the market as a whole). Now, the theory is that stock prices basically are dependent on the profit made by the companies, as, after all, owning a stock just means you own part of the company. For the market as a whole, the P/E ratio averages around 14 (that is to say, prices are 14 times what the profits are). That average has been remarkably steady for over a hundred years. However, that's just an average. In bubbles, the P/E ratio goes up, usually peaking around 25 (stock prices are 25 times what the profits are...ie, don't buy! Prices are way above profits!) In recessions, the P/E ratio goes down, usually cratering around 7 (stock prices are only 7 times what profits are). Right now, the P/E ratio is around 12. That is to say, below the long term average, but still way above what it usually gets to during recessions. So the market will continue falling, no matter what Obama does or does not do.
All that is a description of an observation of a tendency. The P/E ratio is an observable indicator, but not a why.


[quote:1dbzq6kl]Jim Cramer said that "this is the greatest wealth destruction I've seen by a President." The White House's response was to say that Jim Cramer's opinions are "geared to a very small audience."
Do you seriously believe anything Jim Cramer says? His show is all about entertainment - you'd make more money doing the opposite of his advice than actually following it. I'd trust a monkey throwing darts to pick stocks more than I would Jim Cramer. Seriously. Random picks would be FAR better.[/quote:1dbzq6kl]
Hey, if people still consider Jon Stewart to be valid political commentary, why can't Jim Cramer be valid financial commentary? Especially when so much of the stock market's performance is pack mentality.

Have a good nap.
 
Dieb said:
how do I know which version of your post to go with? The one where you say "It isn't funny and thats THAT" or the one where you say "I don't personally find it funny". Those are quite different things. One mindset leaves no room for discussion and one does.
I'm sorry, I was being unclear. Humor is obviously subjective. Just because I find something to not be funny doesn't mean that it is objectively not funny. Satire is notoriously hard to define. Like porn, you just have to know it when you see it - but people will therefore have different opinions on it. And even if I find it funny or not, that doesn't mean it's racist to me or not. I've found racial humor not funny and not thought it was racist, and yea, I've laughed at racist jokes. I do feel that humor is a good general guide, however.

I'll try to reply to the rest at some point. Right now, I'm going for a nap. Mmmmmm, nap....
I totally agree, it's like the Chappelle show thing, I know black people that love it and those who find it horribly racist. It's one of those things people will never totally agree on.
Enjoy your nap you sissy.

(Just kidding... I wish I was taking a nap... I love naps... :waah: )
 

GasBandit

Staff member
We need to lobby congress for manditory national naps at 3:30 pm. If they're going to control us all centrally and obliterate productivity, we may as well get something nice out of it.
 
GasBandit said:
Krisken said:
However, it will likely be me pointing out how lame things like
Democrats want to drag some of the Obama children's classmates out of their Sidwell Friends school and send them back to government schools. Will Obama stand up for these children? What? Are you kidding me? Not only no, but hell no. Not with the teacher's unions watching his every move.
is.
Lame how? The democrats want to end the voucher program that is letting those parents (of minority students, even) have the option of deciding where to send their kids. Obama, like the other democrats, is beholden to the teacher's unions, which are dead-diddly-dee-dead set against any kind of voucher system. Where's the problem? It's just another example of how liberals harm most those they purport to help.
It's lame because you linked to a picture on your site. It doesn't help that everything you say is an "us versus them" mentality.

Honestly, I give up talking to you. Its a wasted effort.
 

GasBandit

Staff member
Krisken said:
GasBandit said:
Krisken said:
However, it will likely be me pointing out how lame things like
Democrats want to drag some of the Obama children's classmates out of their Sidwell Friends school and send them back to government schools. Will Obama stand up for these children? What? Are you kidding me? Not only no, but hell no. Not with the teacher's unions watching his every move.
is.
Lame how? The democrats want to end the voucher program that is letting those parents (of minority students, even) have the option of deciding where to send their kids. Obama, like the other democrats, is beholden to the teacher's unions, which are dead-diddly-dee-dead set against any kind of voucher system. Where's the problem? It's just another example of how liberals harm most those they purport to help.
It's lame because you linked to a picture on your site. It doesn't help that everything you say is an "us versus them" mentality.

Honestly, I give up talking to you. Its a wasted effort.
I did WHAT?! (goes back to look)

:facepalm:

That was not supposed to be that. That was supposed to link to THIS.

This is what I get for doing 13 things at once.
 
GasBandit said:
I did WHAT?! (goes back to look)

:facepalm:

That was not supposed to be that. That was supposed to link to THIS.

This is what I get for doing 13 things at once.
Lol, ok, I'll accept that it was an honest mistake. (note- do not read sarcasm here)
 
GasBandit said:
All that is a description of an observation of a tendency. The P/E ratio is an observable indicator, but not a why.
Oh, now I see your critisism. No, the p/e ratio is not a cause. The cause of the stock market dropping like a stone is that we are in the middle of a pretty freaking big recession. Now, hopefully, we can all agree that 1) we are in a recession and 2) that recessions tend to cause the stock market to fall. My understanding was that you felt the stock market was falling even farther than normal during recessions because of President Obama's actions. I brought up the p/e ratio to explain that, in fact, the stock market hasn't gone down by nearly as much as it tends to during recessions, therefore 1) Obama has nothing to do with the current slide and 2) the stock market will continue to fall.


Hey, if people still consider Jon Stewart to be valid political commentary, why can't Jim Cramer be valid financial commentary? Especially when so much of the stock market's performance is pack mentality.
You can take Jon Stewart as valid political commentary, as long as you keep in mind that he's an entertainer, a comedian, first, and that moreover he's hardly an expert. That is to say, you take him with a grain of salt. Jim Cramer, on the other hand, you take with a whole freaking shaker full of salt. For example, see(http://www.erictyson.com/articles/20080922)

You know, I could post more about "Barack the Magic Negro", but we've kinda talked the issue through. We'll just have to agree to disagree. "I don't agree to that" "Me neither!" Oh, the Simpsons. Anyway, I thought it was a nice, civil discussion, Espy - which is horrible! What this board needs is more flamewars!

Also, my nap went great, thanks for all the commentary about it :p
 
I still don't get why people where expecting the crisis to go away faster then 2-3 years... if it did it wouldn't actually be as serious as everyone says it is.
 

GasBandit

Staff member
@Li3n said:
I still don't get why people where expecting the crisis to go away faster then 2-3 years... if it did it wouldn't actually be as serious as everyone says it is.
It'd still go away in 2-3 years if we didn't spend umpity trillion dollars implementing every dream program cooked up by democrats in the last 40 years and calling it "stimulus." It will probably take longer and hurt us a lot more in the long run since we have decided to do that, though.

Dieb said:
Oh, now I see your critisism. No, the p/e ratio is not a cause. The cause of the stock market dropping like a stone is that we are in the middle of a pretty freaking big recession. Now, hopefully, we can all agree that 1) we are in a recession and 2) that recessions tend to cause the stock market to fall. My understanding was that you felt the stock market was falling even farther than normal during recessions because of President Obama's actions. I brought up the p/e ratio to explain that, in fact, the stock market hasn't gone down by nearly as much as it tends to during recessions, therefore 1) Obama has nothing to do with the current slide and 2) the stock market will continue to fall.
That's still not a why. What determines whether a recession will be a "little" or "big" recession? Surely the circumstances leading up to it play a part, but also the reaction once it starts. Since the governmental response has been to push a trillion or two in favorite pet projects through with a "this is for stimulation" sticker slapped on the boxes, it probably at best will have no effect in shortening the recession and at worst could prolong it... not to mention that once we've finally dug ourselves out we'll be finding ourselves in a centrally-administrated Obamanation.
 

GasBandit

Staff member
According to tax cheat Timothy Geithner, oil and natural gas companies do not deserve tax breaks from the federal government because their businesses contribute to global warming.

There is buzz around Washington that the omnibus spending bill may not be as secure as some Democrats may have hoped.

The Prime Minister of Great Britain wants to outlaw tax havens for all those evil rich people who hide their money overseas to avoid taxes. Pass all the laws you want my friend, the high-achievers will always find a way. It's a matter of survival.

Democrats in the Senate want the Republicans to join them in creating a "Truth Commission" to investigate the Bush administration's supposed abuse of power.

Obama's tax hikes are meeting opposition from ... Democrats?

The chairman of the FDIC says that the fund used to protect consumer deposits could soon dry up. Wonderful, just wonderful.

A Russian general has taken a page from the "911 was an inside job" crowd .. saying that the United States planned the satellite collision that happened in early February. Too much fermented potato juice, I suspect.

A bill currently in the House Energy and Commerce Committee would place tobacco under control of the Food and Drug Administration.

Can anybody please tell me why this news about Google giving out million dollar bonuses is a big deal? The company managed to turn in a profit, even in this economy. Darn right they should be giving bonuses.

Is anyone going to call out the AFL-CIO executives for having their winter meeting at a luxury resort in Miami? No Democrat, that's for sure. I would like to know how many of them flew down there on a private jet.

Do you qualify for Barack Obama's foreclosure prevention plan? The Washington Post has created a little interactive survey to find out.

Can listening to sexually aggressive lyrics prompt teenagers to have sex at an earlier age? Yeah ... like they actually need prompting.
 
Krisken said:
GasBandit said:
I did WHAT?! (goes back to look)

:facepalm:

That was not supposed to be that. That was supposed to link to THIS.

This is what I get for doing 13 things at once.
Lol, ok, I'll accept that it was an honest mistake. (note- do not read sarcasm here)
http://h2.punchng.com/Articl.aspx?thear ... 0109109026

Sidwell Friends is the same elite private school that Chelsea Clinton attended when her father, Bill was the American president and lived in the White House............. Other alumni that have attended Sidwell Friends School include Al Gore III, who attended while his father was Vice President. Theodore Roosevelt sent his children to Sidwell Friends when he was president. Vice President-Elect Joe Biden has grandchildren in attendance. Amy Carter, who was school-aged when her father was president, attended a public school. Only former President Jimmy Carter sent his child from the White House to a public school. The rest went private
For President Barack Obama who once said, ”I don‘t care if it leaves me penniless, the only reason I work is to make sure my children have the best education possible,” the enrolment of his children at the elite Sidwell Friends School in Washington DC is a confirmation of this statement............. To most observers, the alternative to Sidwell Friends School would have been any of Washington DC‘s public schools, which are known for poor quality.
This. And now for that McGurbin comment

The children are Sarah and James Parker. Like the Obama girls, Sarah and James attend the Sidwell Friends School in our nation's capital. Unlike the Obama girls, they could not afford the school without the $7,500 voucher they receive from the D.C. Opportunity Scholarship program..........That's the reality that the Parkers and 1,700 other low-income students face if Sen. Durbin and his allies get their way
http://www.sidwell.edu/admissions/financialaid.asp

In keeping with Quaker tenets, Sidwell Friends School seeks a student body that represents varied economic backgrounds. In 2008-2009, 22 percent of our students will receive approximately $4,900,000 of financial aid support with the average aid award being $19,264, which covers nearly two-thirds the cost of tuition. Once a student has been admitted to Sidwell Friends School, aid is determined and renewed annually on the basis of demonstrated financial need without regard to gender, race, religion, or national and ethnic origin.
It costs $30000 a year to enrol in Sidwell Friends. Assuming kids get the average $20000 scholarship, parents still have to fork out $10000 a year. The school voucher program which subsidises another $7500 is a lot. That's like 75% of the cost.

What's $2500 if my kid is going to get a good education? That's about $210 a month. You'd save that money easily by moving into a smaller apartment with cheaper rent, and making other sacrifices like cutting cable subscription.

Now, scraping up $10000 is a different story altogether.
 
M

Mr_Chaz

GasBandit said:
The Prime Minister of Great Britain wants to outlaw tax havens for all those evil rich people who hide their money overseas to avoid taxes. Pass all the laws you want my friend, the high-achievers will always find a way. It's a matter of survival.
So rich people need all that money to survive? That extra 400k per million (UK tax rates) they're not paying is absolutely vital to their survival? The other 600k isn't enough. Of course not. How silly of me.

GasBandit said:
Can anybody please tell me why this news about Google giving out million dollar bonuses is a big deal? The company managed to turn in a profit, even in this economy. Darn right they should be giving bonuses.
Perhaps because in the same time their market value fell 56%. If I was a share holder who'd lost over half his investment I'd certainly be wondering if that money could be better spent. (Although tbh, the fall in market value isn't their fault really, so personally I've got no problems with a company in profit paying bonuses, just saying why some people might have a problem with it).
 
GasBandit said:
The chairman of the FDIC says that the fund used to protect consumer deposits could soon dry up. Wonderful, just wonderful.
Ouch. That one time fee they are talking about is going to hurt a whole lot of small banks that are already hurting.

From This story
The new emergency premium, to be levied on the 8,305 federally insured institutions on June 30, will be 20 cents for every $100 of their insured deposits.
 
GasBandit said:
That's still not a why. What determines whether a recession will be a "little" or "big" recession? Surely the circumstances leading up to it play a part, but also the reaction once it starts. Since the governmental response has been to push a trillion or two in favorite pet projects through with a "this is for stimulation" sticker slapped on the boxes, it probably at best will have no effect in shortening the recession and at worst could prolong it... not to mention that once we've finally dug ourselves out we'll be finding ourselves in a centrally-administrated Obamanation.
Sure, both the circumstances leading up to it and the reaction once it starts are what determine if a recession is a "little" one or a "big" one. But in this case, the circumstances leading up to the recession were SO bad that they are causing it to be a giant recession before the government plays any part. I mean, we've had TWO extremely large bubbles burst. As you pointed out, the FDIC is almost bankrupt! Surely you don't blame that on Obama, only a month and a half into his tenure?

Now, you and I obviously disagree on whether the stimulus will do any good. But even if you think the stimulus will cause harm, surely you can agree that this is a really large recession before Obama even took office?
 
Dieb said:
Now, you and I obviously disagree on whether the stimulus will do any good. But even if you think the stimulus will cause harm, surely you can agree that this is a really large recession before Obama even took office?
Just because you see the trees, and he sees the trees, doesn't mean that he'll admit he sees a forest. :slywink:
 

GasBandit

Staff member
Dieb said:
Sure, both the circumstances leading up to it and the reaction once it starts are what determine if a recession is a "little" one or a "big" one. But in this case, the circumstances leading up to the recession were SO bad that they are causing it to be a giant recession before the government plays any part. I mean, we've had TWO extremely large bubbles burst. As you pointed out, the FDIC is almost bankrupt! Surely you don't blame that on Obama, only a month and a half into his tenure?

Now, you and I obviously disagree on whether the stimulus will do any good. But even if you think the stimulus will cause harm, surely you can agree that this is a really large recession before Obama even took office?
I'm not so sure, personally. Yes, the initial causes were bad, but I am not willing to hazard guesses on how much to blame are the preexisting conditions and how much are continued worsening of confidence brought on by demonstrated and intended policy. Naturally, I do not blame the crunch on the FDIC on Obama, that would be silly. But as to how much government (mis)handling affects the speed of recovery is certainly a murky subject of debate.

Krisken said:
Just because you see the trees, and he sees the trees, doesn't mean that he'll admit he sees a forest. :slywink:
It might not actually be a forest.
 
S

Scarlet Varlet

The Prospective-Cabinet-Member Revolving Door spits out another one.

Dr. Sanjay Gupta opts out, rather work as a neurosurgeon and CNN medical analyst. Also, wife is expecting another kid.

Next!
 

Scarlet Varlet said:
Dr. Sanjay Gupta opts out, rather work as a neurosurgeon and CNN medical analyst.
And whore for Big Pharma and professional quack. Thank fucking god.

(Also, Surgeon General is not a cabinet position, but that's just a nit.)
 
Krisken said:
Dieb said:
Now, you and I obviously disagree on whether the stimulus will do any good. But even if you think the stimulus will cause harm, surely you can agree that this is a really large recession before Obama even took office?
Just because you see the trees, and he sees the trees, doesn't mean that he'll admit he sees a forest. :slywink:
But that's just missing the forest for the trees.
 

GasBandit

Staff member
Gupta probably was disqualified because they couldn't find any irregularities in his tax history.


Yesterday, the White House decided that no cameras would be allowed to film Joe Biden's address to the AFL-CIO. That's probably because Joe announced that this card check bill is his #1 legislative priority. This union card check bill will cost the US economy 600,000 jobs in 2010.

The Cato Institute explains how Obama's soak-the-rich plan will ultimately hurt the middle class. Obama knows this .. but remember, his tax plans are based on "fairness" rather than economics.

Did you know that Obama's "remarkably fiscally responsible" budget will add almost $4 trillion to the national debt over the next four years?

Live I've been saying... despite what the government educated masses may feel, the stock market doesn't seem too fond of Barack Obama and his administration.

The Senate votes this morning on cloture for this omnibus bill filled with 9,000 earmarks. And Nancy Pelosi insists that no changes be made to the bill. It's either take it or leave it.

No, this is not a newsflash from the campaign trail: Obama doesn't go anywhere without his teleprompter.

Matt Towery explains how government is becoming a "royal class."

Barney Frank wants the government to seek criminal and civil penalties on financial actors that fueled this current economic crisis. Well, you can be the first to hold out your wrists, Barn.

This is welcomed news ... Education Secretary Arne Duncan says that the DC voucher program should stay in place. Sadly, this only applies to the DC voucher program and not for vouchers as a whole.
 
M

makare

never mind I read through the townhall site and it is so obviously biased that I am not even going to comment on it.
 
makare1 said:
never mind I read through the townhall site and it is so obviously biased that I am not even going to comment on it.
Yup, I'm pretty much done with it. No point in being Alan Colmes to his Hannity.
 
J

JCM

Amazing how shitloads of stuff, companies closing arund the world, mass-layoffs that started way before Obama, a shitty plan sold to the americans by the conservatives and the like iis all suddenly "Obama´s fault for investor fears"

Its as realistic as this comic
 

GasBandit

Staff member
According to a recent Rasmussen poll, 34% of Americans believe that they can't earn a living without government help.

Dick Durbin wrote an amendment to a Senate bill that would force the FCC to "take actions to encourage and promote diversity in communication media ownership and to ensure that broadcast station licenses are used in the public interest." And Nancy Pelosi agrees. She says, "Diversity in media ownership is very, very, important." So what are they going to do, confiscate radio stations owned by white people and give them to deserving minorities?

Seems New Zealand's got it goin' on.

Michelle Obama volunteered at a soup kitchen last week. It didn't take long for this picture to go cruising around the Internet ......question: if this guy is homeless and can't afford to eat, what is he doing with a camera phone?

Are you ready for the battle? Healthcare is taking center stage in Washington. Say hello to complete government dependence, sheeple!

Hugo Chavez wants Barack Obama to follow the path of socialism in leading the US out of this economic crisis. Hugo needs to pay more attention. Obama is already on that path.

Iran has test-fired a new missile with a pretty hefty range. Don't you think this is something to worry about, compared to salaries of corporate CEOs? Wait a minute! Was that a CEO I saw getting off that private jet at the local airport last week?

Top Democrats added an additional $524 million in defense earmarks to the 2008 appropriations bill. These are for projects that the Pentagon does not want or need.

A state housing agency in Minnesota is launching a new program to offer Islamic mortgages to home owners. Let a state agency offer Christian mortgages and the ACLU will pop a gasket.

The Minnesota Supreme Court rejected Al Franken's request for an election certificate that would seat him in the Senate.

House Minority Leader Rep. John Boehner says that GM isn't going to get any more bailout money without a plan of how to repay it. Is the House Minority Leader saying that there was no repayment plan for the billions already given to GM? Well, here's a plan ... let them fail. John McCain seems to agree with that .. he says that the best thing for GM would be to let it go bankrupt.

John Kerry wants to make sure you know that the "Animal House" party days are over for U.S. banks.

The Prime Minister from the UK came to visit Barack Obama last week. That didn't go over too well. Apparently Obama was suffering from exhaustion from handling our economic crisis.

This column from the Boston Globe pretty much sums it up: the science of climate change is not nearly as important as the religion of climate change. But if you invented the internet, you get defensive when somebody dares to question the religion of climate change.

The Pennsylvania Liquor Control Board is spending more than $173,000 to train liquor store clerks to be nice to customers.

Obama voters told to leave hunting safety class.
 
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