Separate names with a comma.
Discussion in 'Politics & World News' started by jimmydean, Jan 18, 2008.
eer, Arm. I meant arm.
Please register to disable this ad.
absolutely idiotic. How can anyone support this?
It's becoming an exponential downward spiral.
I should say, more to the point, if money is an issue, fvck Iraq and do a controlled withdrawl.
...and upon that fabulous 7 minute speech by Bush, the market drops even lower...............
Cool, we can buy 150 billion worth of chinese products.
NOt with your worthless currency.....
I hope we get a refund. To quote Bender.
"now what to do? Get a $300 hookerbot or 300 Dollar hookerbots"
Yes it is.
It's rare that I support Bush, but on this I would. After all, it is OUR money.
Absolutely. It's gonna be a helluva ride.
I would support this more, and it would have more benefit, but I'll take what I can get.
But it would be twice as expensive to move troops from US soil into Iran, so keeping them in Iraq is far more economical for future war ventures.
I want to know how the hell he is going to fund the war in Iran when he keeps cutting taxes?
That soon may be more valuable than the dollar.
Last time I checked, the Canadian dollars was already stronger.
Why don't we just take back the divident tax cut that Bush passed in 2001?? If the richest 1% own 90% of the stock market, that would double the amount of revenue going to federal funing, basically going back to the clinton days. Of course that 1% is going to see more of that 145billion than any of us middle class.
another idea, pay down the debt so more of our tax money goes to services and less goes to interest. Of course this again would be Clinton economics. Bill actually spelled that out in a speech, but I don't think americans understood that.
I notice I'm sounding like a broken record, but suprised no one has given me sh1t for it.....yet. If you guys are sick of hearing it, tell me and I'll stop killing threads with it. Did I mention that rich Divident holders rule the world and this country Which is fine, but they should pay their fair share of tax and FICA.
a new term for oil revenue??
i think this is a complete boneheaded move, and can't fathom dumping an additional $150b onto the national debt... however, if this goes through ($800/working adult I think?), I will say "thank you Washington" and dump the entire $1600 (my wife and I) into CC debt, mortgage principal or possibly invest a small portion in the stock market if it looks sufficiently beaten-down. Based on the '01 tax "rebate", this will probably do jack to actually strengthen the economy...
So let me get this straight, is this economic stimulus package separate from his push to make the 2001 tax cuts permanent? Call me an e-economist, but that math doesn't quite add up.
Stagflation is starting to not seem like a far-fetched concept.
well...... that's an interesting question. right now:
*However*. I want to know what the breakdown is on tax-deferred accounts vs after-tax accounts since you don't pay capital gains on those anyway? I would bet that if you took out any $$ that's currently in a tax-deferred account (401k, 403b, Trad IRA, Simp IRA, Roth IRA, etc), that 90% of the benefits of the cut in capital gains taxes went to the richest 1%.
Wow, nice challenge, but I though you would at least throw up some conservative numbers or maybe even a source.
Give me 2 minutes.
but that's not what he posted. he posted "if the richest 1% own 90% of the stock market". it appears you're making an inference that the source of the funds is without regard to the households being american. for his hypothetical (he did write "if") to be true, we would have to negate all foreign investment, which is certainly permitted in the stock market (if it even cares).
So I heard this on Sunday Morning the TV show. So lets assume I concede and agree that's a liberal number, even conservative numbers put the stock market ownershop at 80% by the top 10%. I
http://www.pww.org/past-weeks-2000/Stock Market gateway.htm
while we've been circle-jerking, america has gone $45,000,000 more in debt.
you know how many thai boys greenspan could get for that?
The economy is screwed. The USA is screwed. And because of those two facts, the world is screwed.
I really don't see any possible way it could be fixed, other than a catastrophic event that wipes out 90% of the world's population. Every time someone tries to make it better, they make it exponentially worse.
Where are all the deficit spending apologists now?
put out the alert that there are free cosmos.
that sound you will hear is the roar of a mighty FJ.
$145 isn't so much: Zimbabwe: Now, the $10 Million Bill
that's what - 14,500 of those, right? ustreas can crack off a few dozen sheets by peak hour.
Not necessarily. Everyone who owns oil and Halibuton stock has done quite well.
Here's the thing, since coming off the gold standard, our money has been Monopoly Money. It's been kept afloat by the trust in the US Govt back it. We could print as much as we wanted.
With the decline in the dollar, we're in trouble. If the world stops using US currency as a primary standard for global trade, then printing more just lowers the value.
I know y'all know this, but I don't think the sky-is-falling message is being yelled loud enough.
And a tax rebate only lowers the dollar's value even more, reducing confidence, and the spiral is fueled.
Start stockpiling canned goods, alcohol, and fire arms.
There's deficit spending and then there's fockin' stupid.
has there ever been another nation that aligned its currency w/ gold?
i'm sure ancient rome or the greeks did
I don't remember, but I do know that fixing our currency to something solid helped establish it as a world currency and then subsequently going off the standard, we kept the money supply growth restricted.
It was very respected, even if it was fake (fiat).
Loopie just wants to drive the market up for his Jew's Gold.
England had it till 1931.
And lost the Pound as the primary global currency after two wars by over-extending themselves (for a worthy cause).
Too bad no one in DC reads history.
We're doomed! Doooomed!
I think you're in for a small economic correction.
So you're saying the "War on Terror" isn't for a worth cause?
How long have you hated freedom?
So true, yet potentially so far off base. Perhaps the smartest sentence written in this thread thus far.
ummmm, almost every other country in the history of the world....
remember, currency USED to be gold. or other precious metals. the $5 gold coin in your pocket was worth $5 b/c it was made of $5 worth of gold. various stamping, engraving, etc were used so that people could rely on the fact that it really was $5 worth, and not $4.50, or $4, etc. edges were textured to prevent people from "shaving off" the sides to make it worth a little bit less.
paper currency (in the US) started out as gold and silver certificates. you got a piece of paper that stated that you could turn in that piece of paper any time you wanted for it's worth in gold/silver. up until 1971 you had Silver Certificates (I've got some around someplace) that stated (something like):
This note is legal tender for all debts, public and private, and may be exchanged for it's value at the US Treasury (can't remember the exact wording).
It's only been since 1971 and Tricky Dick that the dollar hasn't been backed by... anything. Nothing, really, besides the economic weight of the US government. If the world all of a sudden decided that they didn't want the US greenback anymore, we'd be screwed and the dollar would be worth... ummm, the paper it's printed on?
The US did, abandoning it in 1933 as a means of fighting the Depression, but returning to a modified form in 1945. The dollar's relation to gold changed several times before finally floating free of the gold standard in 1972. Wikipedia
This article claims the US took away gold backing to the dollar in 1971
And more on the subject from Businessweek November 21, 2007
Yes, swiss is all gold backed as is South african currency - the legendary gold kuegeran.