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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (66532)	6/10/2009 12:06:50 PM
From: lorne	3 Recommendations Read Replies (1) \| Respond to of 224707

ken...."What percentage of the total debt has been created under Obama? Very little! The largest part of that debt was created under Reagan, Bush 41 and Bush 43.".... ...." Obama's $3.6 trillion budget (though we all know that is a low estimate) more than doubles the national debt held by the public, and adds more to the debt than all previous presidents, combined.".... politicalpistachio.blogspot.com

To: Kenneth E. Phillipps who wrote (66532)	6/10/2009 12:08:00 PM
From: jlallen	3 Recommendations Read Replies (1) \| Respond to of 224707

lol Why must you pinheads lie so much? You ought to at least lie about stuff that is not so OBVIOUSLY false. lol

To: Kenneth E. Phillipps who wrote (66532)	6/10/2009 1:23:47 PM
From: Alan Smithee	1 Recommendation Respond to of 224707

There you go again, confusing debt with deficit. They aren't the same animal, Ken.

To: Kenneth E. Phillipps who wrote (66532)	6/10/2009 1:35:33 PM
From: TideGlider	1 Recommendation Respond to of 224707

Stocks fall after weak auction of 10-year notes Stocks fall as weak 10-year note auction raises worries about inflation, interest rates Madlen Read, AP Business Writer On Wednesday June 10, 2009, 1:19 pm EDT Buzz up! Print.NEW YORK (AP) -- A weak auction of Treasury notes is putting the pressure on both stocks and bonds. The Dow Jones industrial average fell about 65 points Wednesday after the government sold $19 billion in 10-year Treasury notes. The government had to lure buyers with a higher yield than the market anticipated. The 10-year note's yield, which is closely tied to interest rates on mortgages and other consumer loans, jumped to 3.99 percent, a new high for the year. Investors are concerned the government's debt load will become untenable, leading to higher inflation and soaring interest rates. Rising rates could hamper the economy's recovery. By early afternoon, the Dow fell 64.17, or 0.7 percent, to 8,698.89. The Standard & Poor's 500 index fell 8.42, or 0.9 percent, at 934.01. The Nasdaq composite index fell 20.86, or 1.1 percent, to 1,839.27.