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Congradulations Mr. President!
"jeff miller" wrote in message . .. Calif Bill wrote: You realize that you are babbling, of course. --riverman WTF? Most of the posts here are babbling, and not a brook. snipped babble ... We have less time here to be concerned about it. Unless the younger generation decides to try us for theft from them and then line us up against the wall with a firing squad. "unless"...??? ...uh...and in your world of hyperbole that gives us more time? even you have to admit you make no sense... jeff Yup, unless. Then we will not have to worry about the hyperinflation for even less time. |
Congradulations Mr. President!
On Nov 9, 4:26*am, "Calif Bill" wrote:
"riverman" wrote in message ... On Nov 8, 12:05 pm, "Calif Bill" wrote: "riverman" wrote in message ... On Nov 8, 3:43 am, "Calif Bill" wrote: "riverman" wrote in message .... On Nov 7, 10:41 am, "Calif Bill" wrote: The scary part is who gave the money? A billion bucks does not come from $5 donations.. He owes some groups big time. http://www.opensecrets.org/pres08/co...&cid=N00009638 Pretty serious list of malcreants, there. --riverman Sad that to see universities, et al on top contributor list. Obama's handlers removed most checks and balances on the contributions page. Name of the donor did not have to match the credit card, etc. Lyndon LaRouche went to jail for the same thing. Between those top contributors there is a large gap to be filled to $1 Billion bucks. LOL. Larouche went to jail for tax fraud. He was tried for fraud associated with fundraising, but that did not stick. The charges were based on his allegedly claiming that book sales and 'loans' were reported as donations so he could claim matching federal monies. (BTW, I got this from wikipedia...if you have more accurate facts, I am happy to hear them). AFAIK, Obama specifically did not claim any federal monies, nor did he misrepresent any donations as anything else. If you are making the claim that Obama ran a scam or was somehow in the same category as Lyndon Larouche, history awaits you and your lawsiut, my man. --riverman I am just stating that a Billion bucks does not come from $5 donations. He owes some people big time. We are going to be screwed anyway. We have the Fed driving the interest rates down, at the same time Obama and the next administration are promising Billions, towards of a 1000 billion in new spending. Driving the interest rates down and printing money will cause massive inflation. Maybe, most likely Carter years inflation. 18%. This will do a couple of things. Some slightly OK, but most bad. The governments will get a big increase in tax revenue. About 1.2% for every 1% of inflation. Houses will go up in value, so the loans may not be upside down. This will be the somewhat OK part, but the real value will have decreased. Probably the best thing Obama could do would be to kill the Federal Reserve System. It has no reserves and is not Federal, but controls the money supply. The only way we are going to really get out of the mess, is for the governments to quit overspending. Is not the Iraq war as lots claim. That is less 4% of the Federal Budget and we would be spending part of that money on the military anyway. It is the other 96% that needs control. We have not been fixing the infrastructure for many, many years. Lots more than the last 3 administrations. The Federal Department of Education controls education in the USA. Has not done a good job, but an expensive poor job. Most of the controls are via grants of money taken from a state and sent back at maybe 76% with strings attached. Look at the dismal graduation rates, and the poor performance of lots of those graduates. We did not even have a DOE until 1980. I actually liked the Libertarian platform the best. If were are going to do income redistribution, lets bring back the WPA. At least we will get something for our money.- Hide quoted text - - Show quoted text - You realize that you are babbling, of course. I haven't heard such stream-of-consciousness anxiety since my roommate in college got some bad acid. --riverman WTF? *Most of the posts here are babbling, and not a brook. *And the anxiety is real. *Especially for my 30 something kids. *Dem's and Repub's have had an orgy of spending for years. *Only thing that made Clinton's look OK was the excess funds from the dot.bomb stock option money. *Not from a real robust economy. *Both parties have caused the current economic meltdown.. And since the Dem's have had Congress the last ~2 years, they get to share a bigger part of the blame. *Probably one of the best things we could do is kill the Federal Reserve System. *It has no reserves, controls the money supply, and is not Federal. *Lots of people made fortunes on the mortgage debacle. *Borrow money from the Fed at 3% and loan at 6% and sell the loan to the government for 5% and pocket 1% for selling a loan. *Then sell a bunch of securities based on the underlying loan. *That part is OK, but selling securities 50 times on the same loan, should be cause for fraud convictions and loss of all assets and jail time. *And where did the Fed get it's 3% money to loan? *They printed it. *No assets underlying the money. The hyper inflation we are looking at is going to hurt the younger people, more than us old farts. *We have less time here to be concerned about it. |
Congradulations Mr. President!
"riverman" wrote in message ... On Nov 9, 4:26 am, "Calif Bill" wrote: - Show quoted text - You realize that you are babbling, of course. I haven't heard such stream-of-consciousness anxiety since my roommate in college got some bad acid. --riverman WTF? Most of the posts here are babbling, and not a brook. And the anxiety is real. Especially for my 30 something kids. Dem's and Repub's have had an orgy of spending for years. Only thing that made Clinton's look OK was the excess funds from the dot.bomb stock option money. Not from a real robust economy. Both parties have caused the current economic meltdown. And since the Dem's have had Congress the last ~2 years, they get to share a bigger part of the blame. Probably one of the best things we could do is kill the Federal Reserve System. It has no reserves, controls the money supply, and is not Federal. Lots of people made fortunes on the mortgage debacle. Borrow money from the Fed at 3% and loan at 6% and sell the loan to the government for 5% and pocket 1% for selling a loan. Then sell a bunch of securities based on the underlying loan. That part is OK, but selling securities 50 times on the same loan, should be cause for fraud convictions and loss of all assets and jail time. And where did the Fed get it's 3% money to loan? They printed it. No assets underlying the money. The hyper inflation we are looking at is going to hurt the younger people, more than us old farts. We have less time here to be concerned about it. Unless the younger generation decides to try us for theft from them and then line us up against the wall with a firing squad.- Hide quoted text - - Show quoted text - Look, the worst that can possibly happen is that Americans will have to start living like the rest of the world; lower their standard of living, learn how to farm for a household garden, grow some chickens, drive less, have simpler tastes and habits, and actually learn to be codependant on their neighbors. My friends in Maine who have substinence farms, work with their hands, pay for things up front, keep their cars running and ALWAYS make their (reasonably-sized) mortgage payments have been almost untouched by this financial storm. My friends in HK, who live life on credit, drive big cars and own boats, airplanes and insist that they cannot survive on anything less than the best have been shattered by it. Choose your poison. --riverman Not sure we really like to live like the rest of the world. There are bad living conditions out there. HK and Maine excepting. |
Congradulations Mr. President!
On Nov 9, 12:55*pm, "Calif Bill" wrote:
"riverman" wrote in message ... On Nov 9, 4:26 am, "Calif Bill" wrote: - Show quoted text - You realize that you are babbling, of course. I haven't heard such stream-of-consciousness anxiety since my roommate in college got some bad acid. --riverman WTF? Most of the posts here are babbling, and not a brook. And the anxiety is real. Especially for my 30 something kids. Dem's and Repub's have had an orgy of spending for years. Only thing that made Clinton's look OK was the excess funds from the dot.bomb stock option money. Not from a real robust economy. Both parties have caused the current economic meltdown. And since the Dem's have had Congress the last ~2 years, they get to share a bigger part of the blame. Probably one of the best things we could do is kill the Federal Reserve System. It has no reserves, controls the money supply, and is not Federal. Lots of people made fortunes on the mortgage debacle. Borrow money from the Fed at 3% and loan at 6% and sell the loan to the government for 5% and pocket 1% for selling a loan. Then sell a bunch of securities based on the underlying loan. That part is OK, but selling securities 50 times on the same loan, should be cause for fraud convictions and loss of all assets and jail time. And where did the Fed get it's 3% money to loan? They printed it. No assets underlying the money. The hyper inflation we are looking at is going to hurt the younger people, more than us old farts. We have less time here to be concerned about it.. Unless the younger generation decides to try us for theft from them and then line us up against the wall with a firing squad.- Hide quoted text - - Show quoted text - Look, the worst that can possibly happen is that Americans will have to start living like the rest of the world; lower their standard of living, learn how to farm for a household garden, grow some chickens, drive less, have simpler tastes and habits, and actually learn to be codependant on their neighbors. My friends in Maine who have substinence farms, work with their hands, pay for things up front, keep their cars running and ALWAYS make their (reasonably-sized) mortgage payments have been almost untouched by this financial storm. My friends in HK, who live life on credit, drive big cars and own boats, airplanes and insist that they cannot survive on anything less than the best have been shattered by it. Choose your poison. --riverman Not sure we really like to live like the rest of the world. *There are bad living conditions out there. *HK and Maine excepting.- Hide quoted text - - Show quoted text - Well, you're talking to someone who has seen pretty much the very worse living conditions there are, and I can tell you that the liklihood of the US getting THAT bad is incredibly slim....nonexistant, I'd say. But the likihood of our living standard getting down to that of, say, central France, rural England or Denmark is not only possible, but really not all that grim. Hell, a whole lot of people STRIVE to live that way! Look; what benefit is there in having an anxiety attack about the future? Being a deer in the headlights leads to rather predictable results. We just had an election where the country (and the world) is infused with optimism and hope. Optimism probably has changed economics more than anything else in history, so to worry endlessly about things that have not yet happened is a fruitless and destructive process. To try to sabotage the new presidency before it even gets off the ground is even more fruitless and destructive. I cannot understand the people who's logic runs in the vein of "Things are going to fall apart, so let's destroy what hope we have!" Your train of thought on this thread so far sounds like an anxiety attack. Go for a walk, eat an apple, get some fresh air, and stop worrying about the future. You can't have much effect on it in either case, and you primarily have nothing to fear but fear itself. You can quote me on that one. --riverman |
Congradulations Mr. President!
"riverman" wrote in message ... On Nov 9, 12:55 pm, "Calif Bill" wrote: "riverman" wrote in message ... On Nov 9, 4:26 am, "Calif Bill" wrote: - Show quoted text - You realize that you are babbling, of course. I haven't heard such stream-of-consciousness anxiety since my roommate in college got some bad acid. --riverman WTF? Most of the posts here are babbling, and not a brook. And the anxiety is real. Especially for my 30 something kids. Dem's and Repub's have had an orgy of spending for years. Only thing that made Clinton's look OK was the excess funds from the dot.bomb stock option money. Not from a real robust economy. Both parties have caused the current economic meltdown. And since the Dem's have had Congress the last ~2 years, they get to share a bigger part of the blame. Probably one of the best things we could do is kill the Federal Reserve System. It has no reserves, controls the money supply, and is not Federal. Lots of people made fortunes on the mortgage debacle. Borrow money from the Fed at 3% and loan at 6% and sell the loan to the government for 5% and pocket 1% for selling a loan. Then sell a bunch of securities based on the underlying loan. That part is OK, but selling securities 50 times on the same loan, should be cause for fraud convictions and loss of all assets and jail time. And where did the Fed get it's 3% money to loan? They printed it. No assets underlying the money. The hyper inflation we are looking at is going to hurt the younger people, more than us old farts. We have less time here to be concerned about it. Unless the younger generation decides to try us for theft from them and then line us up against the wall with a firing squad.- Hide quoted text - - Show quoted text - Look, the worst that can possibly happen is that Americans will have to start living like the rest of the world; lower their standard of living, learn how to farm for a household garden, grow some chickens, drive less, have simpler tastes and habits, and actually learn to be codependant on their neighbors. My friends in Maine who have substinence farms, work with their hands, pay for things up front, keep their cars running and ALWAYS make their (reasonably-sized) mortgage payments have been almost untouched by this financial storm. My friends in HK, who live life on credit, drive big cars and own boats, airplanes and insist that they cannot survive on anything less than the best have been shattered by it. Choose your poison. --riverman Not sure we really like to live like the rest of the world. There are bad living conditions out there. HK and Maine excepting.- Hide quoted text - - Show quoted text - Well, you're talking to someone who has seen pretty much the very worse living conditions there are, and I can tell you that the liklihood of the US getting THAT bad is incredibly slim....nonexistant, I'd say. But the likihood of our living standard getting down to that of, say, central France, rural England or Denmark is not only possible, but really not all that grim. Hell, a whole lot of people STRIVE to live that way! Look; what benefit is there in having an anxiety attack about the future? Being a deer in the headlights leads to rather predictable results. We just had an election where the country (and the world) is infused with optimism and hope. Optimism probably has changed economics more than anything else in history, so to worry endlessly about things that have not yet happened is a fruitless and destructive process. To try to sabotage the new presidency before it even gets off the ground is even more fruitless and destructive. I cannot understand the people who's logic runs in the vein of "Things are going to fall apart, so let's destroy what hope we have!" Your train of thought on this thread so far sounds like an anxiety attack. Go for a walk, eat an apple, get some fresh air, and stop worrying about the future. You can't have much effect on it in either case, and you primarily have nothing to fear but fear itself. You can quote me on that one. --riverman No, my fear is real. The same doofus's that got us into the mess are still in charge. The Congress is probably even going to be worse now as they have lost any semblances of checks now, and Pelosi / Reid are in charge. The Congress is the one who writes all spending bills. The President can request a spending bill, but is only the Congress who can pass that bill. And years ago, after Nixon, they got a court ruling that the Executive Branch HAS to spend the money that they said was ok to spend. Was a traditional check on overspending. And Republican or Democrat Congress for at least 14 years has really spent. Only thing during Clinton years was the huge amount of Stock Option money that came in and masked the overspending. I fear that just like Roosevelt prolonged the depression (according to a lot of leading economists) that the Congress will prolong or increase the severity of the recession. Most of the US is overpaid. But inflation has robbed a lot of the purchasing power of those high salaries. And priced us out of the world market manufacturing cost wise. In the 1960's we probably made 3x what a 2nd world country made salary wise. Probably 8-10x now. In the 1990's the company I worked (disk drives) for had a Head Stack Assembly plant in Penang. The bundled cost was about $3.50 / hour. Most of the work was done by robots, but to do the same assembly here was at least $35 an hour bundled labor costs. No way could the company be competitive if the drives were assembled here in the states. I think my fear is real. One daughters employer is laying off and cutting salaries of the remaining people. They work with housing builders, and no housing being built. Same Doofus's that are supposedly going to get us out of this mess, are the same ones who did not control and actually encouraged loans to people who could not afford to make the payments. |
Congradulations Mr. President!
On Nov 9, 4:36*pm, "Calif Bill" wrote:
"riverman" wrote in message ... On Nov 9, 12:55 pm, "Calif Bill" wrote: "riverman" wrote in message ... On Nov 9, 4:26 am, "Calif Bill" wrote: - Show quoted text - You realize that you are babbling, of course. I haven't heard such stream-of-consciousness anxiety since my roommate in college got some bad acid. --riverman WTF? Most of the posts here are babbling, and not a brook. And the anxiety is real. Especially for my 30 something kids. Dem's and Repub's have had an orgy of spending for years. Only thing that made Clinton's look OK was the excess funds from the dot.bomb stock option money. Not from a real robust economy. Both parties have caused the current economic meltdown. |
Congradulations Mr. President!
On Nov 9, 4:36 pm, "Calif Bill" wrote:
No, my fear is real. The same doofus's that got us into the mess are still in charge. The Congress is probably even going to be worse now as they have lost any semblances of checks now, and Pelosi / Reid are in charge. The Congress is the one who writes all spending bills. The President can request a spending bill, but is only the Congress who can pass that bill. And years ago, after Nixon, they got a court ruling that the Executive Branch HAS to spend the money that they said was ok to spend. Was a traditional check on overspending. And Republican or Democrat Congress for at least 14 years has really spent. Only thing during Clinton years was the huge amount of Stock Option money that came in and masked the overspending. I fear that just like Roosevelt prolonged the depression (according to a lot of leading economists) that the Congress will prolong or increase the severity of the recession. Most of the US is overpaid. But inflation has robbed a lot of the purchasing power of those high salaries. And priced us out of the world market manufacturing cost wise. In the 1960's we probably made 3x what a 2nd world country made salary wise. Probably 8-10x now. In the 1990's the company I worked (disk drives) for had a Head Stack Assembly plant in Penang. The bundled cost was about $3.50 / hour. Most of the work was done by robots, but to do the same assembly here was at least $35 an hour bundled labor costs. No way could the company be competitive if the drives were assembled here in the states. I think my fear is real. One daughters employer is laying off and cutting salaries of the remaining people. They work with housing builders, and no housing being built. Same Doofus's that are supposedly going to get us out of this mess, are the same ones who did not control and actually encouraged loans to people who could not afford to make the payments.- Hide quoted text - - Show quoted text - Bill, your problem is that you are a fella who pours gasoline into a styrafoam cup and then complains that not only can't you fill the cup half-full, but the bottom has fallen out of the cup and you are wasting gas trying to fill the cup halfway. Find yourself a good drug dealer, purchase some extacsy and chill the **** out! Op --should I ever become as despondent.as Sweet 'ol Bill (SOB), someone please offer me some extacsy-- |
Congradulations Mr. President!
"riverman" wrote in message ... On Nov 9, 4:36 pm, "Calif Bill" wrote: "riverman" wrote in message ... On Nov 9, 12:55 pm, "Calif Bill" wrote: "riverman" wrote in message ... On Nov 9, 4:26 am, "Calif Bill" wrote: - Show quoted text - You realize that you are babbling, of course. I haven't heard such stream-of-consciousness anxiety since my roommate in college got some bad acid. --riverman WTF? Most of the posts here are babbling, and not a brook. And the anxiety is real. Especially for my 30 something kids. Dem's and Repub's have had an orgy of spending for years. Only thing that made Clinton's look OK was the excess funds from the dot.bomb stock option money. Not from a real robust economy. Both parties have caused the current economic meltdown. And since the Dem's have had Congress the last ~2 years, they get to share a bigger part of the blame. Probably one of the best things we could do is kill the Federal Reserve System. It has no reserves, controls the money supply, and is not Federal. Lots of people made fortunes on the mortgage debacle. Borrow money from the Fed at 3% and loan at 6% and sell the loan to the government for 5% and pocket 1% for selling a loan. Then sell a bunch of securities based on the underlying loan. That part is OK, but selling securities 50 times on the same loan, should be cause for fraud convictions and loss of all assets and jail time. And where did the Fed get it's 3% money to loan? They printed it. No assets underlying the money. The hyper inflation we are looking at is going to hurt the younger people, more than us old farts. We have less time here to be concerned about it. Unless the younger generation decides to try us for theft from them and then line us up against the wall with a firing squad.- Hide quoted text - - Show quoted text - Look, the worst that can possibly happen is that Americans will have to start living like the rest of the world; lower their standard of living, learn how to farm for a household garden, grow some chickens, drive less, have simpler tastes and habits, and actually learn to be codependant on their neighbors. My friends in Maine who have substinence farms, work with their hands, pay for things up front, keep their cars running and ALWAYS make their (reasonably-sized) mortgage payments have been almost untouched by this financial storm. My friends in HK, who live life on credit, drive big cars and own boats, airplanes and insist that they cannot survive on anything less than the best have been shattered by it. Choose your poison. --riverman Not sure we really like to live like the rest of the world. There are bad living conditions out there. HK and Maine excepting.- Hide quoted text - - Show quoted text - Well, you're talking to someone who has seen pretty much the very worse living conditions there are, and I can tell you that the liklihood of the US getting THAT bad is incredibly slim....nonexistant, I'd say. But the likihood of our living standard getting down to that of, say, central France, rural England or Denmark is not only possible, but really not all that grim. Hell, a whole lot of people STRIVE to live that way! Look; what benefit is there in having an anxiety attack about the future? Being a deer in the headlights leads to rather predictable results. We just had an election where the country (and the world) is infused with optimism and hope. Optimism probably has changed economics more than anything else in history, so to worry endlessly about things that have not yet happened is a fruitless and destructive process. To try to sabotage the new presidency before it even gets off the ground is even more fruitless and destructive. I cannot understand the people who's logic runs in the vein of "Things are going to fall apart, so let's destroy what hope we have!" Your train of thought on this thread so far sounds like an anxiety attack. Go for a walk, eat an apple, get some fresh air, and stop worrying about the future. You can't have much effect on it in either case, and you primarily have nothing to fear but fear itself. You can quote me on that one. --riverman No, my fear is real. The same doofus's that got us into the mess are still in charge. The Congress is probably even going to be worse now as they have lost any semblances of checks now, and Pelosi / Reid are in charge. The Congress is the one who writes all spending bills. The President can request a spending bill, but is only the Congress who can pass that bill. And years ago, after Nixon, they got a court ruling that the Executive Branch HAS to spend the money that they said was ok to spend. Was a traditional check on overspending. And Republican or Democrat Congress for at least 14 years has really spent. Only thing during Clinton years was the huge amount of Stock Option money that came in and masked the overspending. I fear that just like Roosevelt prolonged the depression (according to a lot of leading economists) that the Congress will prolong or increase the severity of the recession. Most of the US is overpaid. But inflation has robbed a lot of the purchasing power of those high salaries. And priced us out of the world market manufacturing cost wise. In the 1960's we probably made 3x what a 2nd world country made salary wise. Probably 8-10x now. In the 1990's the company I worked (disk drives) for had a Head Stack Assembly plant in Penang. The bundled cost was about $3.50 / hour. Most of the work was done by robots, but to do the same assembly here was at least $35 an hour bundled labor costs. No way could the company be competitive if the drives were assembled here in the states. I think my fear is real. One daughters employer is laying off and cutting salaries of the remaining people. They work with housing builders, and no housing being built. Same Doofus's that are supposedly going to get us out of this mess, are the same ones who did not control and actually encouraged loans to people who could not afford to make the payments.- Hide quoted text - - Show quoted text - I know you're not going to hear this, Bil, but the bulk of your three narratives are so laden with 'probably's, proposed disasters and theoretical cause-and-effect chains that they are in essence, strawmen arguments. Yes, the congress writes spending bills, and yes (if it is as you say) the government is obligated to spend the money that is allocated. You are forgetting several key factors that have an effect: 1) there is massive agreement that things are grim right now 2) the US survived the great depression, no matter whether or not FDR prolonged it 3) Economics is too complex to be a cause-and-effect science, and economist can agree on anything they want 4) neither you nor I have the answers to something as massively complex as the US economy. However, there ARE people in place who DO have access to not only the folks behind the wheel, but to advisors with opinions and education much more pertinent than ours. Its fairly presumptious for you or me to insist that we have more understanding of the crisis or how to get the US out of it. Backseat driving or armchair quarterbacking is well- understood to be a fantasy for one party, and a useless nuisance to everyone else. So your daughter is going to lose her job. So your 401K is going to lose 90% of its value. So the government is going to spend lots of money. In the Great Capitalist Experiment, this is how it works. You daughter needs to retool herself You need to learn to live on less income. The government will do what it needs to do, and if it fails (and that means AFTER they have a chance to try their tactics, not BEFORE) then we either oust the ones we have lost faith in, or we get a new government. That process just took place, and the new crew is in place. Let them give it their best shot....like them or hate them, their best shot is better than yours. Again, worrying the way you are about things that have not yet happened is useless. Roll with it, give the new administration a chance to try their hand at fixing things, and accept that we live in interesting times. Otherwise, what are you asking of everyone? To get all hysterical with you?? To say "oops, we elected the wrong people, lets throw out the result and start again?" To overthrow the government, dissolve the Federal Reserve, shoot the *******s and hope everything gets better? I have very little interest in any of those, especially the one where I comisserate with your anxiety. I just lost 1/4 of my retirement account, my house just lost all its potential gains from the past decade, and my boss just informed me that I will be taking a pay cut next year. Know what I'm going to do? Keep working, not sell my house, and go for a hike. You should do the same. --riverman Nope, as citizens we get to backseat drive. Hard at times to get another job. Retooling or not. Look at the great depression. No jobs. Unfortunately the same people who got us in this mess are still in charge and are most likely clueless as to getting the mess cleaned up. I am the child of depression era parents and have always lived within my means. Before buying a $150-300 piece of fishing gear, I look at can I afford to buy this and will it be worth that much more than what I have. These idiots that are trying to correct the ship of state are the same ones who add $150 Billion in pork to the bailout bill. I voted for Obama in the Calif primaries. I hope he succeeds for all our sakes. But we keep returning the same idiots to Congress. California keeps sending back Babs Boxer. That is one dumb women. Feinstein would make a better Potus than Hillary. And has more experience also. What got us out of the great depression was WW2, not the policies of Washington. And I would hate to see it take WW3 to fix this downturn. |
Congradulations Mr. President!
"Mr Opus McDopus--Mark H. Bowen" wrote in message ... On Nov 9, 4:36 pm, "Calif Bill" wrote: No, my fear is real. The same doofus's that got us into the mess are still in charge. The Congress is probably even going to be worse now as they have lost any semblances of checks now, and Pelosi / Reid are in charge. The Congress is the one who writes all spending bills. The President can request a spending bill, but is only the Congress who can pass that bill. And years ago, after Nixon, they got a court ruling that the Executive Branch HAS to spend the money that they said was ok to spend. Was a traditional check on overspending. And Republican or Democrat Congress for at least 14 years has really spent. Only thing during Clinton years was the huge amount of Stock Option money that came in and masked the overspending. I fear that just like Roosevelt prolonged the depression (according to a lot of leading economists) that the Congress will prolong or increase the severity of the recession. Most of the US is overpaid. But inflation has robbed a lot of the purchasing power of those high salaries. And priced us out of the world market manufacturing cost wise. In the 1960's we probably made 3x what a 2nd world country made salary wise. Probably 8-10x now. In the 1990's the company I worked (disk drives) for had a Head Stack Assembly plant in Penang. The bundled cost was about $3.50 / hour. Most of the work was done by robots, but to do the same assembly here was at least $35 an hour bundled labor costs. No way could the company be competitive if the drives were assembled here in the states. I think my fear is real. One daughters employer is laying off and cutting salaries of the remaining people. They work with housing builders, and no housing being built. Same Doofus's that are supposedly going to get us out of this mess, are the same ones who did not control and actually encouraged loans to people who could not afford to make the payments.- Hide quoted text - - Show quoted text - Bill, your problem is that you are a fella who pours gasoline into a styrafoam cup and then complains that not only can't you fill the cup half-full, but the bottom has fallen out of the cup and you are wasting gas trying to fill the cup halfway. Find yourself a good drug dealer, purchase some extacsy and chill the **** out! Op --should I ever become as despondent.as Sweet 'ol Bill (SOB), someone please offer me some extacsy-- Nope, you appear to be the new generation that figures drugs are the answer. Remember these people who are in control of our destiny are the same ones who can not realize the war on drugs is lost as it is being currently fought. |
Congradulations Mr. President!
On Nov 9, 10:24*am, "Calif Bill" wrote:
"Mr Opus McDopus--Mark H. Bowen" wrote in ... On Nov 9, 4:36 pm, "Calif Bill" wrote: No, my fear is real. The same doofus's that got us into the mess are still in charge. The Congress is probably even going to be worse now as they have lost any semblances of checks now, and Pelosi / Reid are in charge. The Congress is the one who writes all spending bills. The President can request a spending bill, but is only the Congress who can pass that bill. And years ago, after Nixon, they got a court ruling that the Executive Branch HAS to spend the money that they said was ok to spend. Was a traditional check on overspending. And Republican or Democrat Congress for at least 14 years has really spent. Only thing during Clinton years was the huge amount of Stock Option money that came in and masked the overspending. I fear that just like Roosevelt prolonged the depression (according to a lot of leading economists) that the Congress will prolong or increase the severity of the recession. Most of the US is overpaid. But inflation has robbed a lot of the purchasing power of those high salaries. And priced us out of the world market manufacturing cost wise. In the 1960's we probably made 3x what a 2nd world country made salary wise. Probably 8-10x now. In the 1990's the company I worked (disk drives) for had a Head Stack Assembly plant in Penang. The bundled cost was about $3.50 / hour. Most of the work was done by robots, but to do the same assembly here was at least $35 an hour bundled labor costs. No way could the company be competitive if the drives were assembled here in the states. I think my fear is real. One daughters employer is laying off and cutting salaries of the remaining people. They work with housing builders, and no housing being built. Same Doofus's that are supposedly going to get us out of this mess, are the same ones who did not control and actually encouraged loans to people who could not afford to make the payments.- Hide quoted text - - Show quoted text - Bill, your problem is that you are a fella who pours gasoline into a styrafoam cup and then complains that not only can't you fill the cup half-full, but the bottom has fallen out of the cup and you are wasting gas trying to fill the cup halfway. Find yourself a good drug dealer, purchase some extacsy and chill the **** out! Op *--should I ever become as despondent.as Sweet 'ol Bill (SOB), someone please offer me some extacsy-- Nope, you appear to be the new generation that figures drugs are the answer. Remember these people who are in control of our destiny are the same ones who can not realize the war on drugs is lost as it is being currently fought.- Hide quoted text - - Show quoted text - You miss the point. The War on Drugs, Homeland Security, most of the States of Alaska, Mississippi, and Texas, and at least half of the Iraq War and its suppliers. are actually Neo-Conservative employment programs for guys who used to work in factories making the stuff we get from Germany, China and Japan now. Dave |
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