The I Told You So Obama Will Fuck Up Thread
- Thread starter don_equis
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Look at how the bailout screwed up and look at how how he kneed in front King Fahd. Yet, you and the other bunch of leftists still think he represent the whole America :nono: Obama represents mostly the black muslims (the black nation of Islam because he is a friend of Farrakhan) and the ghetto crowd.
But as I said in the past once naive always naive.
You know that the same thing happens every major recession? Big company goes belly up, government buys most of it, fosters it back to health and then sells it back to the private sector when the going is good again.
That's what Turkish Prime Minister Erdogan does. It's not new to me.
His party is AKP and we have CHP, MHP and some others in our parliament too. Some important commisions are led by CHP and MHP parliamenters. We have our version of democracy too.:thumbsup:
I guess you haven't been following the news since banks that were bailed out have not gone out of business, they've begun repaying TARP funds (if you know what the means).
And I guess it was the "ghetto crowd" and "black muslims" who voted for Obama in Iowa. But don't let the fact that there are none there get in the way of you believing the shit you're hocking:rofl:.
Just don't pass that shit you're smoking around to too many people
But we're talking about Obama, the US and change here. Which is the fact that he's fulfilling something he campaigned on...bipartisanship.
It depends on what you view as "bipartisanship" clearly no other president has nominated so many from the opposing party to posts within their administration before.
He campaigned on hope and change and pointed to among other things bipartisanship as part of that "change". Some of his critics (in this thread) are contending he's offered no "change" so far.
I pointed out as part of his change words and actions that he's already appointed more members from the opposing party to posts in his administration than any other POTUS.
I don't know what the internal politics are of Turkey....it seems okay that you guys are able to promote bipartisanship there but it's not really relevant to this thread.
Although I don't the comments of some others, it's easy for businesses to repay TARP funds when you prop up the economy with influxes of trillions of dollars of funds.
The question is where the US Dollar will be next year as a result?
Would it be asking too much to expect your post to make any kind of sense on this subject??
"businesses repay TARP"???:rofl: C-L-U-E-L-E-S-S :rofl:
Here's the deal ...
1. Understand TARP funds are not the only way the federal government funds private industry -- directly and indirectly -- not by a long-shot
2. The value of the dollar is dependent on the belief in the dollar, including the belief that loans will be repaid -- something that is starting to be seriously questioned as more and more countries see the debt the US federal government has been taking on
Regarding #1, the TARP funds are only equal to about 10% of the new, drastically increased, annual, federal budget. There greatly increased funds being spent by the federal government in both private and public now. That in turn has led to a re-establishment of prior cash flow that was largely private funded, only public now.
In other words, the federal government is subsidizing private industry, sometimes directly, outside of TARP funds. I know my financial and private industry clients are heavily reliant on government contracts right now.
Regarding #2, unemployment are yet to see their worst, and that's definitely going to happen next year. One way to deal with an overload of debt is to inflate the currency to make it cheaper to pay off. Sometimes this is quite forced, and it will kill even more of private industry.
In other words, we're definitely going to see a repeat of the '70s through early '80s in order to combat those combinational issues, only on a level worse than the '70s through early '80s. Considering we have limited industry compared to then, it's going to be something we've never seen.
Again, there are many factors and compound issues. But it's very naive to assume we're pulling out of this any time soon. Unlike the '80s, we have a massive amount of existing debt, and taking on more at an almost exponential rate is very questionable at this point.
I'm not saying "Obama is fucking up." I'm saying Obama has increased the trend that has been a long-standing fuck-up since the '70s, made worse by each and every President. Our consumer-based, debt-driven economy is our own undoing. I honestly don't want to think about where it will go.
In fact, it's caused by people failing to see the big picture and pointing fingers, instead of realizing the root causes that span decades. It was hardly Obama's doing, but the undoing that will happen during his administration and the finger pointing that will follow will just remind me why I rolled my eyes during W., Clinton and Bush Sr. as well.
If you don't want to believe me, fine. But it's clear the dollar is no longer the standard currency people will trust, and that has been an issue in the making for decades. And we'll definitely repeat it again until we start looking at the bigger pictures.
- First we ignored it during the .COM farce
- Then we ignored it during the real estate and commodities farce
- Now we're trying to backfill it with federal debt like in the '80s, only 10x worse
Because there's no safety net when the US government itself has to default on the terms of its loans.
I know it's hard for some of you here to put different things together.
1. Understand TARP funds are not the only way the federal government funds private industry -- directly and indirectly -- not by a long-shot
2. The value of the dollar is dependent on the belief in the dollar, including the belief that loans will be repaid -- something that is starting to be seriously questioned as more and more countries see the debt the US federal government has been taking on
Regarding #1, the TARP funds are only equal to about 10% of the new, drastically increased, annual, federal budget. There greatly increased funds being spent by the federal government in both private and public now. That in turn has led to a re-establishment of prior cash flow that was largely private funded, only public now.
In other words, the federal government is subsidizing private industry, sometimes directly, outside of TARP funds. I know my financial and private industry clients are heavily reliant on government contracts right now.
Regarding #2, unemployment are yet to see their worst, and that's definitely going to happen next year. One way to deal with an overload of debt is to inflate the currency to make it cheaper to pay off. Sometimes this is quite forced, and it will kill even more of private industry.
In other words, we're definitely going to see a repeat of the '70s through early '80s in order to combat those combinational issues, only on a level worse than the '70s through early '80s. Considering we have limited industry compared to then, it's going to be something we've never seen.
Again, there are many factors and compound issues. But it's very naive to assume we're pulling out of this any time soon. Unlike the '80s, we have a massive amount of existing debt, and taking on more at an almost exponential rate is very questionable at this point.
I'm not saying "Obama is fucking up." I'm saying Obama has increased the trend that has been a long-standing fuck-up since the '70s, made worse by each and every President. Our consumer-based, debt-driven economy is our own undoing. I honestly don't want to think about where it will go.
In fact, it's caused by people failing to see the big picture and pointing fingers, instead of realizing the root causes that span decades. It was hardly Obama's doing, but the undoing that will happen during his administration and the finger pointing that will follow will just remind me why I rolled my eyes during W., Clinton and Bush Sr. as well.
If you don't want to believe me, fine. But it's clear the dollar is no longer the standard currency people will trust, and that has been an issue in the making for decades. And we'll definitely repeat it again until we start looking at the bigger pictures.
- First we ignored it during the .COM farce
- Then we ignored it during the real estate and commodities farce
- Now we're trying to backfill it with federal debt like in the '80s, only 10x worse
Because there's no safety net when the US government itself has to default on the terms of its loans.
Philbert
Banned
I'd like to see any actual numbers on that...sounds like more fantasy turned "truth" for the sake of making a point not very believeable.
Philbert
Banned
Uh, he is a Democrat and the fact remains that's more than any other POTUS...Clinton appointed Cohen as Secy. of Defense, a Republican but that's about it.
Bush tried and failed to recruit John Breaux.
Holder, Sotomayor and Emanual will single-handedly crud fuck the US into a country of absolute shit, if they haven't already.
Holder, Sotomayor and Emanual will single-handedly crud fuck the US into a country of absolute shit, if they haven't already.
Sheeesh...romper room/peanut gallery time.
First, according to Jesse Jackson, minorities cannot be racist because we don't have the power to oppress. So therefore, I, being a member of a minority, Latino, cannot be considered racist. By the way, I said we were now MUSLIMS, not arabs. Mulims are followers of the Islamic religion.
To the second paragraph, either Obama succeeds or America succeeds, because his policies will break (and are now breaking) America's piggy bank (oops, we're now Muslims, so better get another kind of bank). If Obama fails, America does NOT fail, that's what I hope...oops, does he have a copyright on that word already?.
Subscribing to the Jessie Jackson school of wisdom now?
As far as Obama succeeding, Obama wants to win the war against Muslim extremists, protect Americans, create jobs for Americans, make healthcare more accessible and affordable among other things. You "hope" he fails at that??
If so, it's your interests that are at odds with America's interests.
