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Politics Nothing goes with politics quite like crying and complaining, and we're a perfect example of that.

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Old 03-19-2009, 07:06 PM   #1
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Default Only another TRILLION

Look at this hand (AIG bonuses) while we screw you with the other hand!!

Prepare to buy a loaf of bread for about $1 million!!

http://www.siliconindia.com/shownews/Fed_buys_1_Trillion_of_Treasury_mortgage_assets-nid-53815.html

http://www.iht.com/articles/2009/03/18/business/fed.php
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Old 03-19-2009, 07:27 PM   #2
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Default RE: Only another TRILLION

http://biz.yahoo.com/ap/090319/fed_i...&ccode=TBD

"The Fed's series of radical programs to lend or buy debt has swollen its balance sheet to nearly $2 trillion -- from just under $900 billion in September. Sohn believes the Fed's balance sheet could grow to $5 trillion over the next two years."

Bernanke is a liar.

http://www.foxnews.com/politics/firs...rnment-action/

"Bernanke tried to give a positive forecast before the Senate Budget Committee. He said "a number of factors should promote return of solid gains" given the forecast of low inflation in the years ahead."

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Old 03-19-2009, 07:30 PM   #3
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Default RE: Only another TRILLION

CBO numbers get released tomorrow. All indications are say their not pretty. Much worst than before. On the bright side, this should force even the Dems not to follow through with all this massive spending still waiting, like national healthcare and cap and trade. One can only hope.
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Old 03-20-2009, 09:16 AM   #4
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Default RE: Only another TRILLION

Quote:
ORIGINAL: Fieldmouse

CBO numbers get released tomorrow. All indications are say their not pretty. Much worst than before. On the bright side, this should force even the Dems not to follow through with all this massive spending still waiting, like national healthcare and cap and trade. One can only hope.
I heard earlier the CBO predicted another $2.2 TRILLION over Obamacides estimates...
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I love Christmas lights. They remind me of the people who voted for Obama. They all hang together; half of them don't work, and the ones that do, aren't that bright.

For those who understand, no explanation is needed. For those who do
not understand, no explanation is possible.

A golf course is a willful and deliberate misuse of a perfectly good rifle range.



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Old 03-20-2009, 09:18 AM   #5
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Default RE: Only another TRILLION

where the heck is the money coming from? china?
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Old 03-20-2009, 09:25 AM   #6
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where the heck is the money coming from? china?
No, it's being printed.
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Old 03-20-2009, 09:38 AM   #7
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Default RE: Only another TRILLION

Obama will most certainly drive us into a depression with these dim witted plans. What they're not telling anyone is that if this doesn't work, that the value of the dollar will be 0, even less than a ruble or a peso. I am really getting sick and tired of this. Our elected Congress and Senate are completely disregarding what the people are telling them they want them to do and kissing the Administration's rear end because it is politically expedient. They must really want a revolt. Government is there to work for the people not the other way around. With all of the issues surrounding the economy any thing this major should be put to a referendum vote by the people instead of the Congress, Senate and Administration telling us to eat cake. They haven't figured out that didn't work to well for the French Royalty loosing their heads and all.
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Old 03-20-2009, 09:50 AM   #8
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http://www.foxnews.com/politics/firs...trillion-year/

You're gonna need a lot of wheelbarrows guys.
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Old 03-20-2009, 09:50 AM   #9
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Default RE: Only another TRILLION

Even if it DOES work, the value of the dollar will plummet because we are so far in debt and other nations are buying less, so we have to print it, which devalues the currency. Remember, we took in $580 billion or so in total taxes last year, which isn't a pimple on the ass of the DEFICIT this year, much less expenses the taxes WILL cover, and those deficits willcontinue togrow with nationalized healthcare, food stamps, cap and trade, more bailouts, etc. Also, do you think we will take in the sameamount this year as last, with all the unemployment and writeoffs of stock market losses? Did I mention we have $57 trillion in unfunded liabilities we won't come close to paying off, and if we printed money, the $57 trillion in liabilities will grow commensurate with the devaluation? People say this isn't like the Great Depression when we had food lines, well, in '29 we didn't have food stamps.WE ALREADY HAVE FOOD LINES WHEN YOU THINK OF THE32 MILLION PEOPLE ON FOOD STAMPS!!
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Old 03-20-2009, 09:54 AM   #10
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WE ALREADY HAVE FOOD LINES WHEN YOU THINK OF THE32 MILLION PEOPLE ON FOOD STAMPS!!
And Section 8, disability checks, unemployment checks, welfare checks, etc etc.
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