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Politics : Mainstream Politics and Economics

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To: Paul Smith who wrote (19253)	7/7/2012 11:42:28 PM
From: LLCF	1 Recommendation Read Replies (4) of 85487

Wait till rates start moving up!! If I'm Obama and/or Romney and I want to live a nice peaceful life after leaving office I'd be giving the election TO THE OTHER GUY! Who ever wins will be labeled an A-hole due to forces beyond their control... which of course THEY ALWAYS ARE! LOL, look what they did to G. Bush!!?? I mean, the biggest bubble in the history of the word bursts and it's his fault??? My favorite is how that dopey Dan Quayle pounded away at Jimmy Carters record when he ran for president... youtube.com youtube.com youtube.com Let's see... price of oil goes from about a buck and a half to 30bucks under Nixon/Ford/Carter... hmmmm... Yea, Jimmy just screwed up the economy! Of course these things do reverse themselves... which they did. Course, Reagan did that! Riiiiight? LOL, so now the fed, who created the bubble and mass speculation which has burst somehow has screwed up SO BADLY that they got rates down to just about zero BEFORE things even got real bad!! They basically are risking turning the U.S into a banana republic by continuing to expand their balance sheet: google.ca Keeping rates low induces continued borrowing and ridiculously rosy projections by those in debt... including the federal government. As rates start moving up, which will happen regardless of what the fed wants them to be as the market realizes they have lost control the country will drown in interest costs... and may have to default. All the while are these low rates helping??? Hell no, they are inducing everyone to put their money in the stock market, speculate on commodities, speculate on real estate and anything else that has even a glimmer of return potential. Of course nimrods in the media will be blaming it all on who ever is in the whitehouse... as if they have any control of any of this. UFB DAK

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