GenSeneca
Well-Known Member
Obama Adviser Says U.S. Should Mull Second Stimulus
That's right kids... We spent 800 billion we didn't have the first time and now they want to spend even more.
So we're going to give the patient more of what its getting sick from... Government intervention.
Still using Bush's plan to fix the economy...
Obama's Economic Recovery Advisory board got it wrong, OOPS! "We'll get it right this time... We promise!"
MORE DEFICIT SPENDING?! MORE LONG TERM DEBT!? These people truly are making Bush look like a Fiscal Conservative.
Do you hear what this crazy b1tch is saying? The Fed, won't let the US inflate away its debt.... That's like saying the cookie jar will keep the children from eating too many cookies....
We have already begun monetizing our debt (fed prints money out of thin air then uses it to buy gov. bonds and the gov. spends the money), and we are already inflating our monetary base.
Both of these activities lead to inflation.
The only way to slow that inflation is for the fed to raise interest rates, which is currently at its lowest level in history: 0.25% The fed has stated that any signs of inflation will be met with immediate action to raise the interest rates. (Interest rates peaked at 21% under Carter, Obama may be trying for new a record)
One of the major problems we are having in the market now is the slow movement of credit. Lenders have drastically raised the bar for lending and borrowers are stretching their budgets to make it through an already stretched economy and not looking to borrow more.
The effect of raising rates slows growth because there is less credit and less borrowing but we are still in a situation where there is negative growth so the prospect of rising rates under these circumstances spells disaster. Raising Fed rates to the levels necessary to combat the pending inflation in our current economic environment will plunge us into a deeper recession and possible depression.
As you can see, they are pointing to home sales as the one and only sign of economic improvement, the rest of the economy is just slowing its rate of collapse but still collapsing. Looking at home sales as a sign of good things to come is completely misleading, its like chasing fools gold or voting Democrat - You'll just be disappointed when you find out its not what you though it was:
U.S. mortgage fraud 'rampant' and growing-FBI
That's right... The only sector of the economy that is showing signs of improvement is riddled with fraud, hence its amazing ability to be growing while all other sectors are in decline.
The housing bubble that created this mess is trying to re-inflate itself and the industry insiders are the ones doing all the blowing. Just as last time, the politicians in charge of oversight for the housing industry [such as Chris "I'm part of the Countrywide Lender scandal that's been brushed under the rug" Dodd (D) who serves as Chairman of the Senate banking committee and Barney "I was having sex with the Fannie CEO during the last housing bubble" Frank (D) who serves as Chairman of the House Financial Services Committee] are too busy having their palms greased with political contributions and making back room deals to bother with such menial tasks as tending to the people's business affairs.
Our suicidal fiscal policy is creating a monetary bubble while the housing bubble is again ballooning and all of America is either asleep at the switch or watching news coverage of a deceased pedophile.
That's right kids... We spent 800 billion we didn't have the first time and now they want to spend even more.
So we're going to give the patient more of what its getting sick from... Government intervention.
Still using Bush's plan to fix the economy...
Obama's Economic Recovery Advisory board got it wrong, OOPS! "We'll get it right this time... We promise!"
MORE DEFICIT SPENDING?! MORE LONG TERM DEBT!? These people truly are making Bush look like a Fiscal Conservative.
Do you hear what this crazy b1tch is saying? The Fed, won't let the US inflate away its debt.... That's like saying the cookie jar will keep the children from eating too many cookies....
We have already begun monetizing our debt (fed prints money out of thin air then uses it to buy gov. bonds and the gov. spends the money), and we are already inflating our monetary base.
Both of these activities lead to inflation.
The only way to slow that inflation is for the fed to raise interest rates, which is currently at its lowest level in history: 0.25% The fed has stated that any signs of inflation will be met with immediate action to raise the interest rates. (Interest rates peaked at 21% under Carter, Obama may be trying for new a record)
One of the major problems we are having in the market now is the slow movement of credit. Lenders have drastically raised the bar for lending and borrowers are stretching their budgets to make it through an already stretched economy and not looking to borrow more.
The effect of raising rates slows growth because there is less credit and less borrowing but we are still in a situation where there is negative growth so the prospect of rising rates under these circumstances spells disaster. Raising Fed rates to the levels necessary to combat the pending inflation in our current economic environment will plunge us into a deeper recession and possible depression.
As you can see, they are pointing to home sales as the one and only sign of economic improvement, the rest of the economy is just slowing its rate of collapse but still collapsing. Looking at home sales as a sign of good things to come is completely misleading, its like chasing fools gold or voting Democrat - You'll just be disappointed when you find out its not what you though it was:
U.S. mortgage fraud 'rampant' and growing-FBI
That's right... The only sector of the economy that is showing signs of improvement is riddled with fraud, hence its amazing ability to be growing while all other sectors are in decline.
The housing bubble that created this mess is trying to re-inflate itself and the industry insiders are the ones doing all the blowing. Just as last time, the politicians in charge of oversight for the housing industry [such as Chris "I'm part of the Countrywide Lender scandal that's been brushed under the rug" Dodd (D) who serves as Chairman of the Senate banking committee and Barney "I was having sex with the Fannie CEO during the last housing bubble" Frank (D) who serves as Chairman of the House Financial Services Committee] are too busy having their palms greased with political contributions and making back room deals to bother with such menial tasks as tending to the people's business affairs.
Our suicidal fiscal policy is creating a monetary bubble while the housing bubble is again ballooning and all of America is either asleep at the switch or watching news coverage of a deceased pedophile.
