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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: Bearcatbob who wrote (301111)4/15/2009 2:00:47 PM
From: Oral Roberts3 Recommendations  Read Replies (3) | Respond to of 793957
 
What is interesting about this article is the difference between us folks up here and the folks of places like New Orleans.

Dam breaks, residents of small ND town evacuated
AP

KATHRYN, N.D. – The North Dakota National Guard says residents have evacuated a small town because a dam has broken on a creek.

Guard Lt. Col. Rick Smith said everyone got out of the town of Kathryn during the morning Wednesday.

Kathryn has a population of about 50 to 55 people.

Smith said National Guard members went to help but residents had evacuated themselves after "they got the report of the dam breaking."



To: Bearcatbob who wrote (301111)4/15/2009 2:01:13 PM
From: ManyMoose1 Recommendation  Read Replies (1) | Respond to of 793957
 
The bond market will blow the whistle on the idiocy going on in Washington.


So if Obama prints money and we get Carter-style inflation (oh yeah, I do remember that), he can pay off the bonds he's already sold at low rates with cheap money but he won't be able to borrow any more money, except at exorbitantly higher rates, right?

We put our money in the money market and rake in 17% interest rates again, while stuff costs 25% more, so we're screwed.

Sounds like a good time to tighten the government's belt and quit buying stuff that we don't need and paying people who don't deserve it.

Obama will never do that.

(I have a local example pet peeve: My house is on a septic system, and it's paid for and works fine. The county just got through repaving the streets two years ago. Now some jokers are demanding a sewer system, which would cost me ten or twenty grand and tear up my streets again -- and I don't want it and don't even need it, as my septic system is self-sufficient.)



To: Bearcatbob who wrote (301111)4/15/2009 2:27:33 PM
From: LindyBill  Respond to of 793957
 
However, the Chinese are starting to balk.

Part of it may be balking, but a lot of it is that the Chinese don't have as many surplus dollars anymore to invest. Exports are way down.