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To: RetiredNow who wrote (260818)	7/14/2010 3:56:49 PM
From: tejek	Read Replies (1) \| Respond to of 306849

Tejek, what he's saying is that this recovery was built on the following things, none of which is sustainable: * US gov't socializing private losses, through purchases of bank toxic assets and giving unlimited loans and guarantees on those toxic assets (non performing loans) * massive quantitative easing (money printing) * zero percent interest rates to recapitalize banks at tax payer expense * massive recovery act that acts like heroin for the heroin addict, but doesn't solve any long term problems * and a host of fake, inorganic growth stimulus items like cash for clunkers, housing credits, welfare checks, etc I understand what he is saying and I had hoped you were more informed.....either that, or you've forgotten our recent history. When the above actions were taken, the world was on the verge of a global depression and economic collapse brought on by Bush's prolific spending and the lack of oversight of our banks and financial institutions. The American banking system, due to their own hubris, was on the verge of failure. Gov'ts all over the world stepped in to prevent total collapse. Extreme measures were needed to prevent an extreme condition from growing worse. If you can not understand the history, then we can't have a normal conversation about this issue. Again, all of that was accomplished by either borrowing from China or outright printing of money, and none of that is sustainable. Not only that, but it managed to pull forward demand to make today seem less painful, while making darned sure the future is bleaker than ever before. You're too negative. You need to ease up. I can't stress this enough. Keynesianism as practiced by Bernanke, Geithner, Obama, and the Dems is absolutely, hideously wrongheaded and damaging to this country's long term economic viability. Sorry, dude, its not Keynes that is failing. He didn't fail during the Great Depression and he's not failing now. The economy is recovering albeit at a slow pace. You talk about Bush and the GOP and say they screwed up. However, I don't think you really understand the full scope of the problem. Bush and the GOP may have been the perps but its the American people who are the ones who screwed up. Bush and the GOP were allowed to wreak havoc because the American people gave them the power. And that's why its the American people who have been and will continue to pay for this horrific mistake........unfortunately, its the poor who are taking the brunt of it. And you're not going to make things all better in two years when it took 8 years to create. Sorry. And just for the record, I knew back in 2000 when Bush got elected that this was going to happen. And I am no politico.......I was an independent who barely paid attention to what was happening in the political world. But when I caught wind of Bush/Cheney during the campaign, I took notice. So much so, I stayed up for the returns. And when FLA flip flopped, my stomach fell to the floor. I will forever hate Gore for not fighting back when Bush 'stole' the election in FLA. I knew back then this country was in for a world of hurt. All I could do was sit back and watch it unfold. And now Bush is gone and we have a good president in place and I will do everything I can to make sure he keeps at it. My position will change only if and when he screws up.....and that hasn't happened yet. When it does, I will be the first to step up. I don't mind borrowing from the future, if we can invest that money and get a greater return than the cost of the capital (interest we're paying). However, that is not what this Congress, this Fed, and this Administration has done. That is what has Americans so fed up. It's been completely fiscally irresponsible. Grow some cojones MM. This game is not for the weak of heart and the facile....the ones who voted for Bush. Americans need courage if we are to see the other side of this mess.

To: RetiredNow who wrote (260818)	7/14/2010 5:50:29 PM
From: tejek	Read Replies (1) \| Respond to of 306849

This is typical of what the Senate Dems are facing. Massachusetts voters are incensed with the GOP USSC's recent decision re. corporate financing of campaigns. So the Dems were hoping to peel Brown off from the herd. This should be a slam dunk for Brown but he's balking. Either he wants something in exchange, or the Rs are holding him back. Brown will oppose Dems' campaign finance reform bill By Michael O'Brien - 07/14/10 10:10 AM ET Sen. Scott Brown (R-Mass.) said Wednesday that he would oppose Democrats' campaign finance reform bill. Brown, who'd been targeted by reform groups to support the Disclose Act, a Democratic-crafted bill in response to a Supreme Court case freeing up corporate and labor spending in elections, said the bill does not do enough to ensure fair elections. "As stated in your letter, my election to the U.S. Senate sent a message that the American people are tired of the politics-as-usual mentality, and want to restore real checks and balances in Washington," Brown wrote in response to the groups. "Unfortunately, the Disclose Act does not do enough to require transparency, accountability and fair play. Therefore, I cannot support the Disclose Act." Democrats had hoped that Brown would provide key support to move forward with the legislation, which has been criticized by many Republicans as an infringement upon free speech. With Democrats in control of only 59 Senate seats, they need at least one Republican to reach the 60 votes necessary to overcome a filibuster and move forward with the bill. Brown was targeted for the centrist record he's maintained since joining the Senate in January. While he's stuck with Republicans on most issues, he's supported some extensions of unemployment insurance and will support Wall Street reform legislation on final passage. But the Massachusetts Republican condemned the bill as advancing "the political agenda of the majority party and special interests in an effort to gain a tactical and political advantage little more than 100 days before an election." Brown signaled he'd favor a more comprehensive campaign finance reform effort in the vein of McCain-Feingold instead. Democrats have fallen behind schedule with their push to overhaul camapaign finance rules. Sen. Charles Schumer (D-N.Y.), the key sponsor of the legislation in the Senate, had hoped to bring it to the Senate floor before the Fourth of July recess. thehill.com

To: RetiredNow who wrote (260818)	7/14/2010 6:00:56 PM
From: tejek	Read Replies (1) \| Respond to of 306849

This is another example of GOP incompetence. Bobbie jindal of LA complained and complained because he wanted a sand berm to protect the LA coastline. The Army Corp of Engineers said you need to do a thorough design plan before building......could take 6 months or more. Nonsense says the god jindal.......we don't have the time. So the army corp of engineers gave him the approval he sought and he used oil money to build his frigging sand berms. Check out the current state of bobbie's sand berms: Message 26682308 This is the kind of idiocy that Obama and company has to deal with every frigging day. In the meantime, if LA was smart, they would impeach Jindal. He's a frigging moron.