asur
Well-Known Member
- Joined
- Feb 3, 2008
- Messages
- 1,100
Yesterday the US made a desperate attempt to spur lending.
They realize the credit markets are stuck, but this lowering of rates
will likely not work. It just indicates their desperation.
Just because interest rates fall again, are we to assume banks will
lend and people borrow like they did under Bush?
Most people no longer trust the government in the US.
They see the silly crap and rhetoric coming from Washington.
They see a loss of real jobs with no replacements.
In a few months, those on unemployment benefits will grow impatient
as they realize they can't find a new job. It's different now.
The real jobs are gone. It takes time for the mass unemployment
to sink in, psyschologically speaking. But it will.
Foreign countries will soon pull their money out of the US once
they understand Obama can't deliver a recovery and the US has
spent its wad, with no return. It's crazy and yet so obvious.
People are growing disenchanted with Obama who raked in millions
in campaign contributions from AIG and purposely sought to give
them big retention bonuses, in return. Their anger may be misdirected
against the AIG guys, but it's real.
Yet this is chicken feed compared to the billions of tax dollars
Obama, AIG and friends lent to foreign banks already.
Money lost now, that may not benefit a single US citizen.
Money hard working US citizens will now have to pay back.
Someone will have to answer for this eventually.
There are now thousands of people out of work, losing their homes, thanks to Obama, Barney Frank, Chris Dodd, Maxine Waters and friends.
There is no fix now and there will be blood!
They realize the credit markets are stuck, but this lowering of rates
will likely not work. It just indicates their desperation.
Just because interest rates fall again, are we to assume banks will
lend and people borrow like they did under Bush?
Most people no longer trust the government in the US.
They see the silly crap and rhetoric coming from Washington.
They see a loss of real jobs with no replacements.
In a few months, those on unemployment benefits will grow impatient
as they realize they can't find a new job. It's different now.
The real jobs are gone. It takes time for the mass unemployment
to sink in, psyschologically speaking. But it will.
Foreign countries will soon pull their money out of the US once
they understand Obama can't deliver a recovery and the US has
spent its wad, with no return. It's crazy and yet so obvious.
People are growing disenchanted with Obama who raked in millions
in campaign contributions from AIG and purposely sought to give
them big retention bonuses, in return. Their anger may be misdirected
against the AIG guys, but it's real.
Yet this is chicken feed compared to the billions of tax dollars
Obama, AIG and friends lent to foreign banks already.
Money lost now, that may not benefit a single US citizen.
Money hard working US citizens will now have to pay back.
Someone will have to answer for this eventually.
There are now thousands of people out of work, losing their homes, thanks to Obama, Barney Frank, Chris Dodd, Maxine Waters and friends.
There is no fix now and there will be blood!
