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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RMF who wrote (50103)	2/6/2009 6:39:26 PM
From: RMF	Read Replies (3) \| Respond to of 149317

Here are some "tangible" effects of our borrowing. Interest rates are rising on our Treasury Notes. We are seeing a schedule of MORE borrowing than we have ever had in the past. The FED is talking about buying our debt, which is essentially the U.S. buying debt from itself. The stimulus will add another Trillion or so to a debt that no one wants to finance. It's NOT good. ft.com

To: RMF who wrote (50103)	2/6/2009 7:05:19 PM
From: Mac Con Ulaidh	Respond to of 149317

life takes time. get over it.

To: RMF who wrote (50103)	2/6/2009 7:18:41 PM
From: koan	Read Replies (1) \| Respond to of 149317

>>koan, you talk about this Stimulus as if it's going to straighten things out in a hurry.<, koan: "All I am saying/parroting is what nobel economic prize winners Krugman, Stiglitz and Samuelson are saying. Except they are satign the stimulous/spending package needs to be about triple the size it is. I think maybe listenting to those dudes is a prudent thing to do-lol! In fact it is about time we started respecting our scientists thoughts.

To: RMF who wrote (50103)	2/6/2009 8:35:35 PM
From: ChinuSFO	2 Recommendations Read Replies (2) \| Respond to of 149317

RMF, those folks who are crying about debt and deficits from rooftops today, were the same very people who kept quiet when the Bush Administration was printing money to wage a war to kill innocent civilians in Iraq, to trample on the rights of Americans for privacy, to deny rights of innocent citizens of countries held in GITMO etc. What goes around comes around. We busted the economies of countries like Iraq and Palestine. And now, to quote that famous phrase, no matter how bitter "The chickens have come home to roost." It is time for those folks who kept quiet then to shut up now, and let Obama do what the American people have voted him to do. This is the man who has not 7 houses but just one house and knows very well the pain of loosing that house. He has deep roots in "the community". Not the community that Sarah Palin is exposed to. But the community that he and our VP have been intimately exposed to. Joe Biden's community, where his friend at the gas station told him that he does not know how much it costs to fill up a tank nowadays because he does not have enough money to fill it up. Joe Biden's community of train conductors and those in his neighborhood who he met regularly because he commuted to DC from a spot outside of the beltway. As Obama said "I won". It took him 2 years to win. Surely we know it will take him at least that much time to turn things around. We gave Bush and Co. 8 years to destroy this country. I am sure the American people, who know well "Rome was not built in a day", are willing to give Obama that much time to rebuild. I do support your concern about deficit. But the indomitable American spirit will, 10 years time, return the monies to the Treasury. The American people realize that this stimulus package money is borrowed money from their children's and grandchildren's generation. But boy oh boy, that indomitable American spirit will rise provided we reign in the Wall Street scoundrels as well as some of those CEOs.

To: RMF who wrote (50103)	2/7/2009 12:52:52 AM
From: geode00	1 Recommendation Read Replies (2) \| Respond to of 149317

I heard that the stimulus effect is not expected to hit this year at all. We appear to be headed towards 9% unemployment out of sheer momentum or maybe out of talking ourselves into it. The problem with worrying about the debt at this time is that deflation is a serious problem when you are dealing with payments and not as much of a problem if we are inflating ourselves. Above all else, we need people working and productive as soon as possible, every month that goes by with people out of work just adds to the burden on society for social services and missed opportunities.