TomAiello 26 #26 July 31, 2009 Quote I didn't like it when Bush was doing it, and I wasn't a huge fan when Obama, which whom I support, picked it up and finsihed she job. Aside from supporting Obama (I'm a Ron Paul guy) I agree completely. Honestly, I'm hard put to find any substantive policy area where the Obama administration has substantially changed course from the Bush administration. Iraq? Follow the Bush timetable. Afghanistan? Yet more humans and tax dollars off to disappear into an imperialist dream. Guantanamo Bay? Well, we call it "Bagram" now. Greater Transparency? I guess we'll just stick with what Bush was doing. Giving billions of taxpayer dollars to our buddies in Wall Street (and to multi-millionaire CEO's in other places, too)? Sure, let's push on with some more of that. What happened to "no third term"? It sort of looks like "change we can believe in" actually is a third term for the same tired policies.-- Tom Aiello Tom@SnakeRiverBASE.com SnakeRiverBASE.com Quote Share this post Link to post Share on other sites
TomAiello 26 #27 July 31, 2009 Quote A quick search will show you that Tom was *NOT* a fan of TARP, either, so I'm not sure where you're going with your post. Well, to me, it sounded like she was agreeing with me. I'm ok with that. -- Tom Aiello Tom@SnakeRiverBASE.com SnakeRiverBASE.com Quote Share this post Link to post Share on other sites
Ion01 2 #28 July 31, 2009 QuoteQuoteHey, I've got a great idea! Let's reward those guys by giving them Billions of taxpayer dollars. That way, they can pay themselves even bigger bonuses next year! Funny how capitalism works, isn't it? Capitalism means no government involvement not people getting money from the government. Thats the whole problem! Quote Share this post Link to post Share on other sites
nanook 1 #29 July 31, 2009 QuoteNot true. The purpose of money is not only a medium of exchange, but also a store of value. It was never meant to store value. It never has, it never will. This sounds like a Gold Bug argument. QuoteI don't think you understand why the Federal Reserve manipulates the money supply. I know you dont. Study up on this. QuoteThe main function of the Federal Reserve Bank is the transfer of wealth. This is Conspiracy Theory crap. The pupose of the fed is: “to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.” QuoteSupply and demand not related? whatever Your post right here shows a lack of basic understanding that has lead to very wrong assuptions. this tells me you get your understanding of how the economy works from unreputable websites, conspiracy sites, and such but not from actually sitting down and studying it._____________________________ "The trouble with quotes on the internet is that you can never know if they are genuine" - Abraham Lincoln Quote Share this post Link to post Share on other sites
kallend 2,230 #30 July 31, 2009 QuoteI'm a Ron Paul guy. . Well, it takes all sorts. You do know he IS a Republican representative from Texas, so you can no longer claim non partisanship.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
TomAiello 26 #31 July 31, 2009 QuoteQuoteI'm a Ron Paul guy. Well, it takes all sorts. You do know he IS a Republican representative from Texas, so you can no longer claim non partisanship. Sure, if you like. I've also voted for a couple democrats in the past. So I guess I'm pretty partisan there, too. Mostly I vote for Libertarians, which is a party, so I guess I'm pretty partisan there, as well. In fact, come to think of it, I've really only voted for one or two candidates in my whole life who weren't affiliated with a party. So, in so far as "partisan" means "voting for people affiliated with political parties," yep, you've got me there.-- Tom Aiello Tom@SnakeRiverBASE.com SnakeRiverBASE.com Quote Share this post Link to post Share on other sites
wmw999 2,644 #32 July 31, 2009 OK, I'm not really a Ron Paul fan (he's too willing to marginalize himself, and you have to be able to play with others to be an effective congressman), but he's a Libertarian; he wears a Republican costume to get elected. My father (a rabid liberal) always voted for him when he had the opportunity, because during Ron Paul's first successful campaign, he went door-to-door through Dad's neighborhood, and spent 1/2 hour talking to Dad about the issues. Wendy P.There is nothing more dangerous than breaking a basic safety rule and getting away with it. It removes fear of the consequences and builds false confidence. (tbrown) Quote Share this post Link to post Share on other sites
justinb138 0 #33 July 31, 2009 Quote OK, I'm not really a Ron Paul fan (he's too willing to marginalize himself, and you have to be able to play with others to be an effective congressman), but he's a Libertarian; he wears a Republican costume to get elected. My only complaints about him are that he's much too nice when it comes to politicians, and he's really not a very good speaker. Peter Schiff on the other hand, I'd pay money to see him tear Dodd apart in a debate. Quote Share this post Link to post Share on other sites
AdamLanes 1 #34 July 31, 2009 QuoteThe purpose of the fed is: “to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.” That is what they say, but it is total BS. Currently the unemployment rate in the US is around 10%, clearly not full employment. So the Federal Reserve is failure on that point. Prices have been going up steadily since the creation of the Federal Reserve, another "failure". Promoting moderate long-term interest rates? Like I said, the laws of supply and demand will not be broken. The Federal Reserve can only price fix interest rates for so long before they lose control to overwhelming market forces. So the Federal Reserve Bank is a major failure on what they profess their goals are, all the more reason to abolish them. Its not your fault that you don't understand the reality of the situation. You have been fed government indoctrination your whole life. QuoteIt (money) was never meant to store value. It never has, it never will. Again, simply not true. Besides, how does one plan for the future if their savings don't maintain value? Quote Share this post Link to post Share on other sites
champu 1 #35 July 31, 2009 QuoteIts not your fault that you don't understand the reality of the situation. You have been fed government indoctrination your whole life. QuoteIt (money) was never meant to store value. It never has, it never will. Again, simply not true. Besides, how does one plan for the future if their savings don't maintain value? Condescension meets conspiracy theory meets irony. You plan for the future and maintain the value of your savings by understanding the reality of the situation that money was never meant to store value. Quote Share this post Link to post Share on other sites
nanook 1 #36 July 31, 2009 QuoteThat is what they say, but it is total BS. Currently the unemployment rate in the US is around 10%, clearly not full employment. 1. It will never be full employment. employment works like the Market also. There's pay vs. # of employees. If you employ 100%, everybody will get paid a lot less. But people tend to get fired for being stupid. I believe 3% unemployment is the absolute best you can do. 2.Just because the FED was not able to prevent something doesn't mean they aren't paying attention and not working the issue. Quote Prices have been going up steadily since the creation of the Federal Reserve, another "failure". this is supposed to happen. If things stay the same price and don't change, we would run out of money to be used. You got to expand the money supply to reflect increases of population, goods, jobs, services, ect. ect. . . Again, you are arguing like a Gold Bug. do you understand the concept of Money? QuoteSo the Federal Reserve Bank is a major failure on what they profess their goals are, all the more reason to abolish them Yup, gold Bug. do those "double eagle" coins on TV commercials make your mouth water? Read up on money, history of money, Bretton Woods Act and Monetary policy of the US and World. check out Investopedia. FED.gov and start reading. Quote Besides, how does one plan for the future if their savings don't maintain value? Same as most people do: IRA's, Stocks, Bonds, ETF's Mutual funds, commodities, Real properties ect. ect. Cash reserves should equal about six+ months worth of income for unexpected problems. Relatively speaking, this is not much in comparison to retirements and investments. In my opinion, cash reserves is wasteful for things other than an emergency relief fund, kind of like a "you have to"_____________________________ "The trouble with quotes on the internet is that you can never know if they are genuine" - Abraham Lincoln Quote Share this post Link to post Share on other sites
