Obama Nation

[s70turbo1998]

Sure they are. A make-believe populist movement backed by obscenely wealthy people places their hand-chosen pet senators and representatives in office, and wingnut America thinks it's a revolution.

Meet the new boss. Same as the old boss. is more like it.

:rolleyes:

[volvotool]

Well said.

I'm dying to see how the Tea Party crowd deals with their anger issues once their own candidates turn out to be, you know, just politicians after all. :lol:

[Pops Racer]

I had to read your post.

I knew youd take the bait.

Stop with the finance Bshit. Soros, ABA, and corporations have been pouring money into the Dems for decades too.

Another disingenuous attempt at class warfare.

Coming from an upper middle class white guy no less.

You till dont get it.

oh well, now we get to bail out Cali and New York.

And lets see, a 45 billion dollar tax break fro GM/UAW? Way to pay your Visa card with your AMEX.

ANd the fed buying 600 billion in bonds( read debt notes)?

another trillion in debt, thank boys.

At least I wont have to look at plastic face Pelosi any more.

ANd CT is the state of stupid, right behind Cali.

At least my town voted for conservatives in Hartford, killing the union blowing super majority.

Thank God for small victories.

Oh by the way, Ohio totally flipped, 2012 is ours. see ya.

Edited November 3, 2010 by Pops Racer

[s70turbo1998]

Good thing Fox News won all those elections.

[volvotool]

Good thing Fox News won all those elections.

Now you're gettin' it! It the main reason the network exists: to get gullible, lower middle-class whites to vote like they're rich.

Another disingenuous attempt at class warfare.

Coming from an upper middle class white guy no less.

WTF are you smoking? Reins Deli, remember, "Wingnut?" You had the beater 850 wagon, and I have the slightly less beat V70 wagon.

You till dont get it.

And you till can't type. :lol:

Edited November 4, 2010 by volvotool

[s70turbo1998]

I feel like the Dems thought they were rich given all of the deficit spending. Interesting to hear you group everyone into one category. There were plenty of Dems and Independents that voted a la Tea Party. Check out the diversity within the elected Republican officials too. Smaller government and less spending won out. I'm not going to cry about it.

[volvotool]

Smaller government and less spending won out...

Well, that's what you voted for. Check back in 6 months and let's see how it pans out.

[s70turbo1998]

Well, that's what you voted for. Check back in 6 months and let's see how it pans out.

Fair enough. Talk to ya in 6 :lol:

[DonutsDemise]

when has anything ever gotten done in 6 months in this country? maybe if one party could control the government for longer than 8 years we would see some change. all i see right now is each party undoing whatever good or bad the previous party did.

[TyConn]

Come senators, congressmen

Please heed the call

Don’t stand in the doorway

Don’t block up the hall

For he that gets hurt

Will be he who has stalled

There’s a battle outside and it is ragin’

It’ll soon shake your windows and rattle your walls

For the times they are a-changin’

It drips with irony.

Of course the rest of the song is about getting old cronies outta the way of the next young guns, ala 60's radicals but i like the refrain here.

I FUCKING LOVE BOB DYLAN!!!!

Also RON PAUL WOULD SAVE US ALL

[Pops Racer]

I FUCKING LOVE BOB DYLAN!!!!

Also RON PAUL WOULD SAVE US ALL

YEHAAAAAA, damn right!! And how about the U.S. post office losing my parts, HUHUHUHUH!!!!!!

GUNSANDGODGUNSANDGODGUNSANDGOD.....

The horse is dead already...move on.

[volvotool]

GUNSANDGODGUNSANDGODGUNSANDGOD.....

Hey, I think the Taliban has a similar chant, just in Arabic! :lol:

[Pops Racer]

Monetizing debt

In many countries the government has assigned exclusive power to issue or print its national currency to independently operated central banks. For example, in the USA the independently owned and operated Federal Reserve banks do this.[1] Such governments thereby disavow the overly convenient 'slippery slope' option of paying their bills by printing new currency. They must instead pay with currency already in circulation, or else finance deficits by issuing new bonds, and selling them to the public or to their central bank so as to acquire the necessary money. For the bonds to end up in the central bank it must conduct an open market purchase. This action increases the monetary base through the money creation process. This process of financing government spending is called monetizing the debt.[2] Monetizing debt is thus a two step process where the government issues debt to finance its spending and the central bank purchases the debt from the public. The public is left with an increased supply of base money.

[edit] Effects on inflation

When government deficits are financed through this method of debt monetization the outcome is an increase in the monetary base, or the money supply. If a budget deficit persists for a substantial period of time then the monetary base will also increase, shifting the aggregate demand curve to the right leading to a rise in the price level.[3] When governments intentionally do this, they devalue existing stockpiles of wealth of anyone who is holding assets based in that currency. It is in essence a "tax" as the overall value of their assets decrease due to a loss in spending power. This is known as "inflation tax".

To summarize: a deficit can be the source of sustained inflation only if it is persistent rather than temporary and if the government finances it by creating money (through monetizing the debt), rather than leaving bonds in the hands of the public.[4]

[edit] Examples

Monetizing the debt can be used as a component of quantitative easing strategies, which involve the creation of new currency by the central bank, which may be used to purchase government debt, or can be used in other ways.

However, there can be an insidious effect. As one observer noted:

When governments reach the point where they are borrowing to pay the interest on their borrowing they are coming dangerously close to running a sovereign Ponzi scheme. Ponzi schemes have a way of ending unhappily. To get out of the Ponzi trap, governments will have to increase tax revenues, or cut spending, or monetize the debt--or most likely do some combination of all three. [5]

This is being done right now.

WIKI

Edited November 8, 2010 by Pops Racer

[Pops Racer]

Hey, I think the Taliban has a similar chant, just in Arabic!

Keep laughing, as ridiculous as some of my posts may seem to you are they arnt jokes.

Not to draw conclusions, but are you or any of your immediate family teachers, state or municipal employees, you know, union members, maybe?

Hey you got what you wanted, the whole state of CT remains in the hands of unions and tax and spend progressives.

Oh, and any one else in CT have there health care premiums increase? MINE WILL 23%!! Thats what happens when the govt gets involved in the marketplace, bad things happen.

THANKS YOU GUYS! GO FUCK YOURSELVES AND SHOVE OBAMA CARE UP YOUR ASSES!

BUT PLEASE USE K-Y JELLY TO EASE THE INSERTION, WOULDNT WANT IT TO HURT TOOO BAD!

Its gonna get worse, way before it gets better. Sorry, but its all happened before. And we refuse to remember history.

Monthly vent over. Thanks for giving me the space. DO what you will, but I'm not long for this state. Food prices have already gone up, clothing too. And gas/oil. I expect an increase in both sales and income taxes here, to cover the $48 billion dollar debt.

[volvotool]

Monthly vent over.

Might I recommend a Maxi-Pad for next month? Keeps the bloody mess outta sight!