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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (115007)	6/8/2012 4:31:46 PM
From: ChinuSFO	Read Replies (2) \| Respond to of 149317

I read that this morning and wondered what folks like MM and others lying about this are thinking. McCain and Co. need to realize that we do not need to work under a tick cloak of secrecy like the Bush/Cheney gang did. during the 8 years of their tenure, they put a lot of unnecessary things in the closer marked "secret". It is now time to bring those out "from those smoke filled rooms" and let the public know. I bet the Stuxnet virus is something the Iranians and the Israelis already knew. You damn well be sure that the US people need to know what its Govt is doing to suppress or interfere with not only its own citizens but also with foreign Govts. www2.wsav.com

To: tejek who wrote (115007)	6/10/2012 9:29:56 AM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

Hi Ted, here's a contrary view. We're not really deleveraging at all. Really, all we're doing is shifting the debt from private to public. Overall, the debt is still a drag on the economy. The facts are hard to avoid, even when you have shills like Nutting in the MSM trying to help people ignore the truth. -------------- Fed Z1 Update: Ignore The Idiots It just never ends, does it? WASHINGTON (MarketWatch) — Everyone knows America has too much debt. What they don’t know is that things are getting better, not worse. Little by little, our economy is reducing its debt burden, slowly repairing the damage caused by 10, 20 or 30 years of excess. If you want to know why economic growth has been so tepid, here’s your answer. Four years after the storm hit, the economy is still deleveraging. And it’s very hard for any economy to grow when everyone is focused on increasing their savings. Savings? Paying down (or defaulting) debt is not saving. And no, we're not actually reducing debt. We're just shifting where it is held. Note that the net change is, well, nearly zero. We're where we were in Q3 2007 on a ratio basis, which is hardly "healthy" by any stretch. And if you look closely you'll see that the debt number is going up -- and faster than the GDP one is. Where's it going up? In Federal Government, that's where. We're simply *shifting* where the debt resides. Are we making any material progress? No. In fact, last quarter we added more debt than we did GDP. Therefore, *we're still going backward.* The numbers do not lie, but the spin machine remains engaged and on full-bore, filling your head with nonsense and excuses. The fact of the matter is that the economy has not de-levered. We're simply shifting where the debt resides, making it appear, if you look only at household and similar numbers, that "it's getting better." It is, in fact, getting worse as we're shifting the unpayable to the Federal Government in a puerile and futile attempt to prevent the bad debt from being foreclosed upon, thereby revealing that the alleged "assets" that banksters have claimed as the predicate of their "strength" is in fact a lie. Recapitalizing the banks in the back of the American people through shifting the voluntarily-lent money by the banksters to the public balance sheet is an active and outrageous fraud that currently totals roughly a trillion dollars a year, or about $3,000 per man, woman and child in the United States.