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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (252227)6/6/2010 9:15:30 AM
From: Smiling BobRead Replies (3) | Respond to of 306849
 
That's just the way things have become
It's not his fault. He's been dealt the ultimate shit sandwich and his detractors want him to choke everybody with it
I said before he was inaugurated his biggest mistake will be accepting the job. NOBODY could fix this.
The problem is the system, and it's gotten incredibly F'd up the past 10-20 years as lobbyists have taken control

With what he's been given, he can either let things collapse on his watch or try to pass it off to the next puppet
There's no cure but print and devalue, but apparently there are even limits there.



To: neolib who wrote (252227)6/6/2010 5:56:36 PM
From: RetiredNowRead Replies (1) | Respond to of 306849
 
Oh I know it. They blame the deficits on Obama, and it is true he's adding to it, but 2/3 of the deficits are the result of the confluence of increased spending due to Baby Boom retirements, Entitlement spending, and tax revenues decreases from the Great Recession. Put a GOP President in there and we'd still be in the same big ass mess. Only one thing to do to solve this. Increase taxes and decrease spending. Or just default and start from scratch.


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