ITS THAT SIMPLE, THE RECESSION IS NOT BUSH'S FAULT! ITS A NATURAL CYCLE THAT RESULTS FROM A FREE MARKET ECONOMY!
**I disagree w/ over spending, but I think it is necessary to support the war (different debate). If you look at all historical times during war spending naturally increases.
__________________
Hoyt VTEC 28" @ 74# 283 ft/s
GTProHunters 5575 wraped and Blazed
100 Grn Rcky Mtn Snypers & Stinger 4 Blade
STS, QAD Ultra Rest Pro
Increased foreign spending? great nat'l debt, borrowed money?
Not sure increased spending helps, and borrowing from another country to give us a stimulus check makes no sense to me.
free trade in NA..., not everyone can goto college and have a white collar job, or wants to, we need quality blue collar jobs in this country, can't and shouldn't ship them all overseas.
I hear ya about your degrees, seems no one these days can have an opinion if they aren't "qualified" personally I could give a ****, education/degrees, test scores, influence me little on how intelligent a person is. But to others it seems to be an issue.
As well IQ/degrees, doesn't mean a smarter person is more informed than a dumber individual.
The main thing I wonder, is, the nat'l debt was down in the clinton years, economic surpluse, everyone include myself and family were doing much better than during the Bush years.....and who was in office during 911?
Increased foreign spending? great nat'l debt, borrowed money?
Not sure increased spending helps, and borrowing from another country to give us a stimulus check makes no sense to me.
free trade in NA..., not everyone can goto college and have a white collar job, or wants to, we need quality blue collar jobs in this country, can't and shouldn't ship them all overseas.
I hear ya about your degrees, seems no one these days can have an opinion if they aren't "qualified" personally I could give a ****, education/degrees, test scores, influence me little on how intelligent a person is. But to others it seems to be an issue.
As well IQ/degrees, doesn't mean a smarter person is more informed than a dumber individual.
The main thing I wonder, is, the nat'l debt was down in the clinton years, economic surpluse, everyone include myself and family were doing much better than during the Bush years.....and who was in office during 911?
Increased foreign spending? great nat'l debt, borrowed money?
Not sure increased spending helps, and borrowing from another country to give us a stimulus check makes no sense to me.
free trade in NA..., not everyone can goto college and have a white collar job, or wants to, we need quality blue collar jobs in this country, can't and shouldn't ship them all overseas.
I hear ya about your degrees, seems no one these days can have an opinion if they aren't "qualified" personally I could give a ****, education/degrees, test scores, influence me little on how intelligent a person is. But to others it seems to be an issue.
As well IQ/degrees, doesn't mean a smarter person is more informed than a dumber individual.
The main thing I wonder, is, the nat'l debt was down in the clinton years, economic surpluse, everyone include myself and family were doing much better than during the Bush years.....and who was in office during 911?
Thats the thing I wonder about you people. No body owes you jack. You want something, you go out and take it. saluki, I have seen you offer advise so often on these webpages about things you have never done or experienced. From rifles, to scopes, to hunting trips. Get a life, go to college, and make a living and quit worrying about just having fun in life.
And if you don't, don't come back here cryin the blues about drawing welfare.
Ok, the last few days all we've heard about it how Bush has ruined the economy... We'll here aremy humble thoughts on this.
(and just to qualify myself, before I'm told I dont know anything, I have an Undergrad in Engineering & Economics, and a MBA in Finance)
Yeah, but are you any good at it? Are you a millionaire? If not, guess you better go get a PhD. My accountant is rich, so is my stock broker. I would not go to any financial advisor that was not rich, any more than I would go to a dietician who was a fat butt.
Quote:
There are three major ways the Govt can impact the economy:
1. Tax Rates
2. Spending
3. Regulation
That has to be the most simplifie list of ecocnomic impacts I have seen. I suppose you could lump a myriad of things from philosophies to exectutive orders to wars under Regulation, although in terms of the law they are certianly not regulation, but I'll give you this for argument's sake.
Quote:
Lets look at what Bush has done and you tell me how that has "ruined" our economy.
1. Lower Taxes
2. Increased Spending
3. Attempting to deregulate so we can drill for our own oil.
How about doing insane like
1. Lowering taxes in a time of war (multiple times)
2.Invading two countries and then occupying them for years on end with no exit strategy, no timeline to turn control over to the respective governments, and no concrete victory plan.
3. How about tax breaks for oil companies, the 2005 Energy Act, and deregulation of the banking industry that helped build up the mortgate crisis.
You validated your professional position at the beginning of this thread by stating your qualifications and degrees. So which is it? Are you a professional financial type or are you an amatuer?
Quote:
ITS THAT SIMPLE, THE RECESSION IS NOT BUSH'S FAULT! ITS A NATURAL CYCLE THAT RESULTS FROM A FREE MARKET ECONOMY!
**I disagree w/ over spending, but I think it is necessary to support the war (different debate). If you look at all historical times during war spending naturally increases.
Of course it's his freaking fault. Every time these Republicans "de-regulate" the predatory types swoop in and make a mess of things. Remember Reagan and Silverado after de-regualting the S&L industry? I do, cost us taxpayers 300 billion to get out of that mess. About 2000 banks went belly up, and while the industry got bailed out, anyone with monies not FDIC insured took it in the shorts.
Freddie Mac and Fannie Mae have 5 TRILLION dollars of debt. Five TRILLION!!! If they go, this whole economy goes down the tubes. Just wait and see what kind of bailout it is going to take to get them solvent again. Which begs the question, why not anti-trust lawsuits and have these guys broken up so this kind of mess will not happen? It's because the two corporations Fannie, especially, have one ofthe most powerful lobbies on Captial Hill.
We bail out the Savings and Loans, we bail out Chrysler, we bail out the Airlines, now we bail out the mortgage brokers...all at taxpayers expense. Republicans preach about "free trade", but we don't really have that, because large corporations are NEVER allowed to go sunsfishing bellyup, even when they are not profitable. Damned Toyota has NEVER has a losing quarter since the 1950's, why can't GM or Ford say the same? Hint, it has nothing to do with pensions or health care and everything to do with the fact that Detroit could not produce a competetive product from the early eighties to the late 90's and for almost twenty years everyone knew if you wanted quality you bought a foreign car. Now the chicken's is coming home to roost, and instead of letting those businesses that cannot support themselves flounder and die, the government props them up.
As long as the GOP supports and allows corporate welfare to the tune of hundreds of billions of dollars they will NEVER have my vote. I would rather be a socialist for the masses than one for the CEO's.
Yeah, but are you any good at it? Are you a millionaire?
I do not wish to disclose my personal net worth. But will tell you that at the age of 24 I have accumulated a nice amount of wealth relative to my age bracket. And my self directed stock acount is up nearly 14% this year, and the Dow/S&P are both down about 12%.I consider myself extremely blessed tohave madesome very good investments.
Quote:
You validated your professional position at the beginning of this thread by stating your qualifications and degrees. So which is it? Are you a professional financial type or are you an amatuer?
Thanks for pointing this out. I do not consider myself a professional FA or anything, I have the degrees but choose not to work in the Financial industry. I use my degrees to design/qualify/produce/sell rockets.
I just put that as a disclaimer to say I have some educated background of economics and how it works. Because if I didnt, I know these boards, I would have been harrassed on my lack of qualification.
Quote:
Freddie Mac and Fannie Mae have 5 TRILLION dollars of debt. Five TRILLION!!! If they go, this whole economy goes down the tubes.
Please tell me what Bush did to force them to givesub-prime loans?
IMO it's the FED's fault for lowering rates to much to artificially stimulate the economy after 911/dotcom bubble. They over-stimulated it. Its like driving a car, if you start to loose controll and over-correct it just gets worse on the other side...
Quote:
That has to be the most simplifie list of ecocnomic impacts I have seen. I suppose you could lump a myriad of things from philosophies to exectutive orders to wars under Regulation, although in terms of the law they are certianly not regulation, but I'll give you this for argument's sake.
Thanks, I didnt have all day to write a dissertation on Govt Fiscal policy. I was trying to keep it simplified. And I will be the first to admit that all these policies combined are not good for the long term 10+ years, but in the short term they should help.
I hope the following clears up my views:
What it all boils down to is that it's really neither parties "fault" The economy is a natural cycle, like weather patterns. Its just a fact. The only thing policy makers can do is lessen or worssen the effects of the natural cycle. The TWO biggest things affecting our natural down turn right now is 1) Credit Crisis & 2) Energy Costs.
1) I dont think the govt could have effectively stopped the credit crisis, cause that would be seen as discrimination against people w/ poor credit.
2) Energy policies have been a failure, and I attribute most of that to the green-democrat Idealists. We should have been building nuke power plants for the last 30 years, and we should be drilling for our own oil... IN ADDITION to finding clean/green sources of fuel...
__________________
Hoyt VTEC 28" @ 74# 283 ft/s
GTProHunters 5575 wraped and Blazed
100 Grn Rcky Mtn Snypers & Stinger 4 Blade
STS, QAD Ultra Rest Pro
Ok, the last few days all we've heard about it how Bush has ruined the economy... We'll here aremy humble thoughts on this.
(and just to qualify myself, before I'm told I dont know anything, I have an Undergrad in Engineering & Economics, and a MBA in Finance)
Yeah, but are you any good at it? Are you a millionaire? If not, guess you better go get a PhD. My accountant is rich, so is my stock broker. I would not go to any financial advisor that was not rich, any more than I would go to a dietician who was a fat butt.
Quote:
There are three major ways the Govt can impact the economy:
1. Tax Rates
2. Spending
3. Regulation
That has to be the most simplifie list of ecocnomic impacts I have seen. I suppose you could lump a myriad of things from philosophies to exectutive orders to wars under Regulation, although in terms of the law they are certianly not regulation, but I'll give you this for argument's sake.
Quote:
Lets look at what Bush has done and you tell me how that has "ruined" our economy.
1. Lower Taxes
2. Increased Spending
3. Attempting to deregulate so we can drill for our own oil.
How about doing insane like
1. Lowering taxes in a time of war (multiple times)
2.Invading two countries and then occupying them for years on end with no exit strategy, no timeline to turn control over to the respective governments, and no concrete victory plan.
3. How about tax breaks for oil companies, the 2005 Energy Act, and deregulation of the banking industry that helped build up the mortgate crisis.
You validated your professional position at the beginning of this thread by stating your qualifications and degrees. So which is it? Are you a professional financial type or are you an amatuer?
Quote:
ITS THAT SIMPLE, THE RECESSION IS NOT BUSH'S FAULT! ITS A NATURAL CYCLE THAT RESULTS FROM A FREE MARKET ECONOMY!
**I disagree w/ over spending, but I think it is necessary to support the war (different debate). If you look at all historical times during war spending naturally increases.
Of course it's his freaking fault. Every time these Republicans "de-regulate" the predatory types swoop in and make a mess of things. Remember Reagan and Silverado after de-regualting the S&L industry? I do, cost us taxpayers 300 billion to get out of that mess. About 2000 banks went belly up, and while the industry got bailed out, anyone with monies not FDIC insured took it in the shorts.
Freddie Mac and Fannie Mae have 5 TRILLION dollars of debt. Five TRILLION!!! If they go, this whole economy goes down the tubes. Just wait and see what kind of bailout it is going to take to get them solvent again. Which begs the question, why not anti-trust lawsuits and have these guys broken up so this kind of mess will not happen? It's because the two corporations Fannie, especially, have one ofthe most powerful lobbies on Captial Hill.
We bail out the Savings and Loans, we bail out Chrysler, we bail out the Airlines, now we bail out the mortgage brokers...all at taxpayers expense. Republicans preach about "free trade", but we don't really have that, because large corporations are NEVER allowed to go sunsfishing bellyup, even when they are not profitable. Damned Toyota has NEVER has a losing quarter since the 1950's, why can't GM or Ford say the same? Hint, it has nothing to do with pensions or health care and everything to do with the fact that Detroit could not produce a competetive product from the early eighties to the late 90's and for almost twenty years everyone knew if you wanted quality you bought a foreign car. Now the chicken's is coming home to roost, and instead of letting those businesses that cannot support themselves flounder and die, the government props them up.
As long as the GOP supports and allows corporate welfare to the tune of hundreds of billions of dollars they will NEVER have my vote. I would rather be a socialist for the masses than one for the CEO's.
Very good explanation AlaskaMagnum. The whole system is run afoul with big lobby. If people would study this, they would not support any of the poloticians. I wont vote for the crooked Republicans, because they are swimming in this stuff.[:@]
Great exchange boys. Where's the popcorn? Now, for my $.02. It will be a cold day in Hades when I vote for an ultra left Socialist like Obama. In my opinion, if he gets in (along with the stupid Demmy controlled congress) our country will be in one heck of a mess. I'm not a huge McCain fan, but I'll take him any day over Obama.
__________________
If you always do what you always did, you will always get what you always got.
Great exchange boys. Where's the popcorn? Now, for my $.02. It will be a cold day in Hades when I vote for an ultra left Socialist like Obama. In my opinion, if he gets in (along with the stupid Demmy controlled congress) our country will be in one heck of a mess. I'm not a huge McCain fan, but I'll take him any day over Obama.
Do you people get it???
