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WOOOT BARRACK OBAMA

KJUN said:
OK, OK...Sometimes I live in a dream world and reality proves just how much of a dumb-butt I can be. I agree COMPLETELY with what you were thinking about me!

LOL
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LOL. I forgot to put a smiley so you knew I was just joshing. I know you're not a twit, so here's a belated smiley. :D
And one more for this post. :D
 
Maybe KJUN was still hearing the ringing of "change" in his ears. LOL For as much as Obama preached the change mantra he sure seems status quo politician.
 
President Obama is expected to sign an executive order today overturning a Bush-era policy that limited federal tax dollars for embryonic stem cell research.
The executive order is expected to repeal an order signed by President Bush in 2001 that barred the National Institutes of Health from funding research on embryonic stem cells beyond using 60 cell lines that existed at that time.
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http://www.cnn.com/2009/POLITICS/03/09/obama.stem.cells/

Once again, this is going to be polemic. Mr. Obama will be crucified by many for this, while others will consider him a hero.
 
Wichita Falls,TexasTimes Record News.

Dear IRS,
I am sorry to inform you that I will not be able to pay taxes owed April 15, but all is not lost.
I have paid these taxes: accounts receivable tax, building permit tax, CDL tax, cigarette tax, corporate income tax, dog licence tax, federal income tax, unemployment tax, gasoline tax, hunting licence tax, fishing licence tax, waterfowl stamp tax, inheritance tax, inventory tax, liquor tax, luxury tax, medicare tax, city, school and county property tax (up 33 percent last 4 years),real estate tax, social security tax, road usage tax, toll road tax, state and city sales tax, recreational vehicle tax, state franchise tax, state unemployment tax, telephone federal excise tax, telephone federal state and local surcharge tax, telephone minimum usage surcharge tax, telephone state and local tax, utility tax, vehicle licence registration tax, capitol gains tax, lease severance tax,20oil and gas assessment tax, Colorado property tax, Texas, Colorado, Wyoming, Oklahoma and New Mexico sales tax, and many more that I can’trecall, .... but I have run out of space, time and money!
When you do not receive my check April 15, just know it is an honest mistake!
Please treat me the same way you treated Congressmen Charles Rangle, Chris Dodd, Barney Frank and ex-Congressman Tom Dashelle and, of course, your boss Timothy Geithner. No penalties and no interest.
P.S. I will make at least a partial payment as soon as I get my stimulus check.
 
I know it has been just a short while but I am having trouble seeing the "change". It seems more like the same old tax and spend and bigger gov. Hope he proves otherwise.
 
I believe the change is just MORE of the same with the same players. Well, doing it faster and deeper than everyone else is a type of change......lol.

Want change? Wait to see how bad inflation is in the next 10 years due to the excessive printing of extra money put into circulation. That'll be a change we ALL get to enjoy. Want an example of what's coming? It has already happened in this country. Look at the realized "value" of confederate dollars as the CSA printed more money to pay for the war. The USA did the same thing (but in lower relative quantities), and see how bad inflation was there. Citizens got so they wouldn't accept cash because it would be "worth a lot less next week."

Anyway, they put extra into circulation and inflation made the bills almost useless as a form of trade because inflation happened DAILY. Anyone that says it can't happen here is ignoring the fact that it DID happen. It's going to happen. Love those "federal reserve notes" i nstead of dollars, eh? We should have NEVER removed the gold standard and got rid of real dollars. :(

Good or bad. Like Obama or fear his administration. None of that matters, the major "change" that is coming already is obviously better called inflation. Well, at least those of you owning a $100k house will have one worth $200k in a few years. Not that anyone will be able to afford it, though. I'm just scared to watch my savings dwindle to nothing because the dollar shrivels to pennies. :( For those who have jobs that lag behind inflation, I feel sorry for you. My best wishes go out to you.....and me.
 
It has only been 3mo's, change will come. I have very little income (as most of us do), none of which can be spent wastefully, but I'm still very hopeful. I feel horrible for the families that can't keep their head above water, but we just need to have hope that this will not last forever. This economy is not the fault of Obama and I really believe change will come and things will get better.
 
The change that I see coming along with inflation is that government will be bigger and the government will own more "previously" private businesses. When the President can call the CEO of a PRIVATELY owned business and request his resignation - and GET IT... that is a BAD thing.

Here comes government regulation to the hilt!
 
Honestly something had to change and I was elated to hear about the resignation. We see the effect little regulation has had and if all these private companies want government money they have to be willing to adhere to more stringent rules. Our tax dollars are being spent on fancy vacations, big bonus checks to people who were not doing their jobs in the first place, and vacations. I'm glad our government is saying enough is enough otherwise our markets will never turn around. I am usually against government regulations in business and believe a huge reason American markets have been so efficient in the past is because we allow monetary incentives to drive innovation, hard work, and honesty which gives itself to our economy two fold. However, the real deal here is this- banks got greedy during our housing boom and began to push loans forward knowing full in well people could not pay these back. They assigned at first low interest rates to these loans that doubled within a year or two bundling these shakey loans and selling them to wallstreet. Wallstreet in turn rebundled these loans into bonds with a AAA rating the highest possible indicating these were low risk investments so investors ate these up not knowing the true risk involved which is highly unethical. In the meantime inflation rates soared as our American economy looked stronger and stronger, but Bush kept our interest rates the same- big mistake. Homes that went for $100,000 now sold for $400,000 with higher rates of interest on loans the bank kept givng out knowing wallstreet would buy them all up. Had our government cut inflation rates and looked into these mortgages walltreet was buying like candy we wouldn't be in half the mess we are now- but government DID NOT intervene welcome to our depression!!
 
Sorry, but I see it differently...

As Ronald Reagan said, "In this present crisis, government is not the solution to the problem, government IS the problem."

Get government out of the way and America WILL be strong again. Heck, government can't even run our Public School and the Post Office. Now they want to regulate how much people can earn, run our Health Care system and gain more and more control in the private sector.

I am not ONLY speaking about Obama... I think Bush did a GRAVE error and started the whole thing when he signed the "first" bail-out.
 
Dude that was in 1980 and yes in an efficient market place markets should not need government intervention. I very much agree government can not properly run anything hence my distaste in the idea of a government run health care systems or much of anything else, but do you actually understand the effect wallstreet has on our overall economy? The reason we are in this mess is soooooooo simple. Wallstreet trades stocks and bonds, stocks and bonds are sold by companies for capital (free cash flows), and these free cash flows allow businesses to grow, innovate, and invest stimulating economic growth for the company and our economy. Investors will only invest at a rate in which a good deal of risk can be diversified away as in they want high interest rates of return for added risks on investments, or they will chose not to invest, invest elsewhere, or invest for shorter amounts of time. When investors do not invest by buying stocks and bonds, companies lose money, and either bankrupt or cut employment (hence our growing unemployment rate). They do not fire CEO's they fire the little man on main street and not on wallstreet. Now the little man can not pay his bills and default on their loans while living off of credit cards to get by driving up more debt. However, remember wallstreet buys these bank loans and bundles them into bonds that investors buy on wallstreet. However, when the loans are defaulted on wallstreet and other companies who have bought them still have to pay the market value of the bond thats on the bond and its interest regardless of its real market value which plummeted when millions of people took on mortgages they couldn't afford. Now companies are out billions of dollars along with the investors who bought into these AAA low risk bonds. Investors stop investing, our market loses money, companies stop investing and issueing new stock in their company, the market loses more money, and finally we have what we have now- a volital market where everyone is afraid to buy up investments no matter how cheap they have become. The whole reason this EVER happened is Bush had no clue how to levy interest rates with inflation rates, homes became waaaaay overpriced, and rates of interest on these loans became ridiculous. Had someone stepped in by the way without barging in on wallstreet and instead adjusting interest rates and inflation rates businesses would have acted accordingly which is the rule of an effcient market place- supply and demand are controled by us the consumers, but consumers react deciding what they demand. If homes are seen as expensive, but interest rates are dirt cheap we demand to buy a home at the lower interest rate. What should have happened is inflation rates were dropped making oil, homes, and everything else we buy cheaper while maintaining higher rates of interest on loans. People wouldn't have had to decide on gas and food or mortgage and thought about taking on a long-term debt with a high rate of interest that would have had to be paid back. I don't want government running wallstreet at all- a fat cat on wallstreet feeds main street, but government does need to regulate our interest rates and inflation rates more effectively to guide what we as the consumer demand and how it is supplied or we'll be bailing out companies 50 years from now.
 
I am not the authority on politics or anything near it but yea my dad is gonna get some stimulas 24$ a day for 3 weeks
 
David a stimulus check is a one time check given to taxpayers so we feed it back into the economy. It does give the economy a short boost, but all in all a terrible idea. People take this money and pay bills or buy material things instead of investing which is what we need. It sounds like your dad is getting either unemployment or partial unemployment.
 
danielle said:
David a stimulus check is a one time check given to taxpayers so we feed it back into the economy. It does give the economy a short boost, but all in all a terrible idea. People take this money and pay bills or buy material things instead of investing which is what we need. It sounds like your dad is getting either unemployment or partial unemployment.
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Partially true! I think the government would rather see you spend it, buying things that you wouldn't normally, to boost the economy, rather than invest it. Problem right now, is everyone is holding onto any monies they may have. This, in turn, is causing production (gross domestic product) to slow and fueling the recession.
 
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