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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: pompsander who wrote (13826)	6/16/2009 11:51:08 AM
From: Bill	2 Recommendations Read Replies (2) \| Respond to of 103300

The Dems control everything. But you are still obsessed with the republicans. Pressure the Dems to cut spending. And yes, I would support a 10% across the board cut in ss and medicare. Accompanied by the same or more from every single federal program.

To: pompsander who wrote (13826)	6/16/2009 11:59:06 AM
From: TideGlider	1 Recommendation Read Replies (4) \| Respond to of 103300

Well, it is possible to both oppose Obama's spending plans without feeling the republicans (as they stand now) are the best alternative. What has that to do with Buddy? He is pro Democrat always and always has been. It doesn't matter what the Republicans offer in alternative as it is just ignored. The only change that will occur is from the Democrat Party when it realizes that they have made a grave error on Obama. He was elected for so many reasons that have nothing to do with qualification. We are in deep shit and much deeper than Buddy is willing to accept. When hard line dem followers like him lose faith in their messiah, only then cane there be hope for change. Most young voters haven't a clue how the economy affects them and most believe as do many ignorant older voters, that the government has money. True they print it, but it isn't theirs. It is our debt and the 'gubmint" just prints it. We know have the majority of voters who haven't worked due to school, parents or welfare situations. The rest aren't taxed anyway. How do we expect them to vote for anything but handouts? Healthcare is just one more entitlement that can be given, but not taken away. All the bitching about the entitlements breaking the back of the country and they want to add more. The ridiculous reasoning that the government will save money by creating a healthcare system is laughable. Obama now calls the healthcare problem the reason for the economic problems. He calls every initiative he proposes the reason to act now to save the economy. He is better at that than Al Gore is pumping global warming during the coldest winter in years.

To: pompsander who wrote (13826)	6/16/2009 1:26:40 PM
From: DuckTapeSunroof	Read Replies (3) \| Respond to of 103300

The Germany Problem by: Felix Salmon June 15, 2009 \| about: EWG / GF seekingalpha.com Will Hutton interviews Paul Krugman: PK: How is it possible that Germany, which did not have a house price bubble, is having a steeper GDP fall than anyone else in the major economies? The answer is that they depended upon exporting to the bubble regions of Europe, so they actually got side-swiped by the loss of those exports worse than the bubble regions themselves got hit. It’s Germany on a global scale that is the concern. We worry about the drag on world demand from the global savings coming out of east Asia and the Middle East, but within Europe there’s a European savings glut which is coming out of Germany. And it’s much bigger relative to the size of the economy. WH: And on top there is an unique and unaddressed huge potential banking crisis. The Germans pride themselves on their three-legged banking system, but it is incredibly interlinked. The IMF warns that Germany could have to take at least $500bn of writedowns, which its banks have not begun to recognise. German banks hold a trillion dollars - maybe more - of maturing collateralised debt obligations that can only be refinanced by crystallising the losses. We’ve had RBS and you’ve had Citigroup. Germany’s GDP will fall 6% this year - before the banking crisis has hit it. And that’s just the CDOs — it doesn’t include probably another trillion dollars of loans to central and eastern European corporates and sovereigns, which are nowadays looking extremely toxic. Meanwhile, the political leadership in Germany is in denial, acting for all the world as though the loss of central bank independence is the biggest problem facing the global economy. The base-case scenario, then, is that Germany goes Japan — and drags the rest of the Eurozone, if not the entire world, into a Japan-style Lost Decade. How do we stop that from happening, especially absent political will in Berlin? I have no idea.

To: pompsander who wrote (13826)	6/16/2009 3:01:55 PM
From: Wayners	1 Recommendation Respond to of 103300

The only thing we will get is some kind of BS balanced budget spending legislation with so many caveats and exceptions you could drive a bus through them. Entitlement Spending, National Defense for Wars will all be excluded, just like they keep entitlements off-budget and the cost of Iraq and Afghanistan off the Defense budget. Then they will say Homeland Security is off-budget, then Foreign Aid. You get the idea.

To: pompsander who wrote (13826)	6/16/2009 3:05:33 PM
From: Wayners	1 Recommendation Read Replies (1) \| Respond to of 103300

I'm watching CA closely to see just what happens when a major Govt does run out of money and they failed to do anything about it. Eventually the same thing will apply to the Feds. Let's see wasn't the Federal Govt broke in 1933 and had to steal citizen's Gold and what about 1974 when they were broke again and had to go off of the Gold Standard? Now they have nothing to fall back on, unless they remonitized Gold and Silver and stole everybody's precious metals AGAIN! How about doing what the Weimars did, try to back the currency with Land! How about confiscating everybody's private property including land, gold, silver, platinum, cars, artwork and then backing a new currency with what they stole? That's the most plausible alternative, given the Marxist the dumbies elected to the White House.