Why the Lefties on Here Are the Way they Are

Ekim do you want to clarify what you wrote earlier (and check your spelling). It made no sense and didn't seem to be about anything being discussed.

As for the tanks, we talked about them already. Try not to fall asleep when you're being schooled.

Ekim do you want to clarify what you wrote earlier (and check your spelling). It made no sense and didn't seem to be about anything being discussed.

As for the tanks, we talked about them already. Try not to fall asleep when you're being schooled. Originally Posted by JD Barleycorn

I have no idea what you are babbling about now.I have spel chec I do know about the tanks . You are not smart enough to school me.

Growth has to happen with a fiat currency or we get the "dreaded deflation" that no rich person wants to happen. In a fiat currency DEBT=MONEY so a rich person really has a lot of debt, not directly but the wealth if not in real assets is represented by debt somewhere in the monetary system. Originally Posted by ThekNight

You have that bass-ackwards, kNight. Inflation favors the wage earning renter; whereas, deflation favors the rent-receiving property owner. Ostensibly, that's the justification Odumbo and the Fed are using to justify the continued printing of money (8% 'real' inflation -- which is also screwing the average American at the pump and at the market): pay the Chinese back with cheaper dollars than they lent.

Ekim do you want to clarify what you wrote earlier (and check your spelling). It made no sense and didn't seem to be about anything being discussed.

As for the tanks, we talked about them already. Try not to fall asleep when you're being schooled. Originally Posted by JD Barleycorn

speaking of falling asleep ... the Bush recession is and has been over Teach ... wake the hell up.

You have that bass-ackwards, kNight. Inflation favors the mortgage paying debtor; whereas, deflation favors the mortgage/rent-receiving property owner. Ostensibly, that's the justification Odumbo and the Fed are using to justify the continued printing of money (8% 'real' inflation -- which is also screwing the average American at the pump and at the market): pay the Chinese back with cheaper dollars than they lent. Originally Posted by I B Hankering

Correction.

Yes, the Bush recession is over. It ended according to Obama and Biden in summer of 2010. This is the Obama recession.

Its a double dip GWB recession. Consider it to be all Bush's fault until the economy turns around or a Republican is elected President. So, when a Republican is elected President.

When a republican is elected president the recession will be over. Which brings me to the poison pill...

When a republican is elected president the recession will be over. Which brings me to the poison pill... Originally Posted by JD Barleycorn

If Romney is really strong in the polls in October I think the economy will start to turn around just on the prospect that Obama will be gone soon.

I think the economy has the potential for a strong recovery immediately after Romney takes the oathe of office. There are so many investors on the sidelines waiting for Obama to leave, probably a couple of trillion dollars. Obama has kept the economy artificially depressed with his business hostile policies; a restoration of normalcy will seem like Heaven to investors.

If Romney is really strong in the polls in October I think the economy will start to turn around just on the prospect that Obama will be gone soon.

I think the economy has the potential for a strong recovery immediately after Romney takes the oathe of office. There are so many investors on the sidelines waiting for Obama to leave, probably a couple of trillion dollars. Obama has kept the economy artificially depressed with his business hostile policies; a restoration of normalcy will seem like Heaven to investors. Originally Posted by joe bloe

OMG another messiah???

Yes, the Bush recession is over. It ended according to Obama and Biden in summer of 2010. This is the Obama recession. Originally Posted by JD Barleycorn

good thing you dont teach history, the bush recession ended in June 09 ...

there is no Obama recession. The only recession is the decline of working brain cells in your head

. There are so many investors on the sidelines waiting for Obama to leave, probably a couple of trillion dollars. Obama has kept the economy artificially depressed with his business hostile policies; a restoration of normalcy will seem like Heaven to investors. Originally Posted by joe bloe

Yea, that is really smart for a President to do....keep the business community depressed.

That is just talking point memo's from the right.

Mitt is not going to win...just like I tried to tell the Clinton lovers that Hilliary was a goner. When you believe that pigs can fly and then they don't, you become very dissappointed. Just like when Momma Sara lost to Obama.

The reason they are saying he has a chance is because they want your money.

Summer of recovery-2010. Read it and kiss my ass. My first degree is in history.

http://www.politico.com/news/stories/0610/38654.html

Both conservatives and liberals are to blame for our current economic problems.

Clinton used the extra Social Security funds to balance the budget.

ou have that bass-ackwards, kNight. Inflation favors the mortgage paying debtor; whereas, deflation favors the mortgage/rent-receiving property owner. Ostensibly, that's the justification Odumbo and the Fed are using to justify the continued printing of money (8% 'real' inflation -- which is also screwing the average American at the pump and at the market): pay the Chinese back with cheaper dollars than they lent.

Yes, anyone who has debt wants to pay the debt back with cheaper dollars.

What is happening today with stagflation is wages are going down because of the high number of people unemployed plus prices are going up because of the feds monetary decisions. Get ready because I am hearing rumors of Quantitative Easing 3(QE3) coming after summer but cannot figure how this move would help Obama.


CuteOldGuy I apologize for calling you out on my first post in this thread.

[QUOTE=ThekNight;2807997]Both conservatives and liberals are to blame for our current economic problems.

Clinton used the extra Social Security funds to balance the budget.



We started using the Social Security surplus to disguise the deficit back in the sixties under LBJ. QE3 might prop up the stock market for a few months, but that's all. Printing money and keeping interest rates artificially low is only going to make the inevitable crash even worse. We're headed for a Weimar scenario.

At some point, hyperinflation is unavoidable. Countries default on runaway debt by devaluing the currency. When investors decide that buying our debt is too risky, the house of cards is going to fall very fast. Interest rates will skyrocket and trillion dollar deficits will seem like the good old days. Imagine trying to rollover the national debt at twenty percent interest. That's where we're headed.

No one in either party, is seriously proposing to deal with deficit spending in a way that would avert disaster. The actions we need to take are probably not politically possible.