Thread: President Obama vows nation's economy 'will recover' during first speech before Congr

Can we all wait till he fucks up before we say he did, have some faith.....it's on been a little over a month.

We gave Bush a little more time than this.

You and Michelle Obama both can be proud of your country for the first time together.

I wonder if Obama himself is proud of his country considering he sat there silent for 20 years in Jeremiah Wright's church as Wright denounced this country as the US of KKK A amongst other things?

double post

Originally Posted by brogers

You and Michelle Obama both can be proud of your country for the first time together.

I wonder if Obama himself is proud of his country considering he sat there silent for 20 years in Jeremiah Wright's church as Wright denounced this country as the US of KKK A amongst over things?

First time? Well I didn't know slept with me all of these years to know this.
Always was and always will be proud of this country.
I was still proud when tricky dicky was impeached, I was still proud when Carter fucked up with the Iranian hostage situation, I was still proud when Reagan denied knowing about Iran - contra affair, I was really dissapointed when they caught Clinton with that fat cow.....so have did a better looking girl.

Don't go around assuming I am not proud.
That's like me going around saying you would take great joy in seeing Obama bring this country down...You want Obama to fail and let America become a third world nation. Just to justify yourself.

Originally Posted by brogers

I wonder if Obama himself is proud of his country considering he sat there silent for 20 years in Jeremiah Wright's church as Wright denounced this country as the US of KKK A amongst other things?

I don't think he would have been elected 15 years ago if the public knew about this.
Right now I am watching an old Dirty Harry film, there is a scene where Blacks are calling him Honky, whitey all of these names...and it's OK. Not one N word......there is a double standard.....

I would have preferred Ron Paul in there, I do wonder what he thinks about all this.

Originally Posted by min0 lee

I think the people before him took care of that, while it's not the Great Depression it's pretty bad.

Not yet it isn't... give him time.

Originally Posted by min0 lee

It doesn't, I think people just want that war to end and stop wasting money on that country.
Just a guess. Don't kill me killer.

That's fine. I am not a Bush fan or an Iraq war fan. I just don't see how spending more in a month than in the entire Iraq war on nothing but inflating the government is a good thing

Originally Posted by min0 lee

Can we all wait till he fucks up before we say he did, have some faith.....it's on been a little over a month.

We gave Bush a little more time than this.

... but it is soooo obvious

Originally Posted by NeilPearson

Not yet it isn't... give him time.

I'm not really looking forward to that.

He seems to be rushing things a bit.

Originally Posted by min0 lee

I'm not really looking forward to that.

He seems to be rushing things a bit.

And getting a round house kick to the head from Chuck Norris hurts 'a bit'

Originally Posted by NeilPearson

That's fine. I am not a Bush fan or an Iraq war fan. I just don't see how spending more in a month than in the entire Iraq war on nothing but inflating the government is a good thing

Do you like that idea with the tax credit?
I mean $400.00 personally means nothing but when you multiply that in the millions...

Originally Posted by min0 lee

Do you like that idea with the tax credit?
I mean $400.00 personally means nothing but when you multiply that in the millions...

Personally, I think $400 isn't going to change 99% of the peoples spending habits so it is a waste.

Much better to use that to pay off the debt (or not increase it by that much)

I think the country should have to be economically responsible in the same way people's households should be.

You can't constantly borrow and spend more than you make. It will catch up to you.

Personally if that means you don't borrow money this year to put in the new pool and you don't add a room on to your house next year, then you don't do it.

But governments feel they always have to be spending more and more to give the people stuff like new health care plans or infrastucture or wars or whatever.... if you don't have the cash then I say no. Save for a few years. You can't keep borrowing more and more from the Chinese or eventually they will own us all

Press TV - Ron Paul slams Obama's econ plan

Ron Paul slams Obama's econ plan
Sun, 08 Feb 2009 06:02:28 GMT

Paul is a Republican representative from Texas
Republican congressman Ron Paul says President Obama's economic recovery plan is 'not a stimulus package, just a pure spending package'.

Criticizing the president's proposal, Paul said that blame for the financial crisis is deep-seated and includes Republicans who failed to hold the line on spending during the Bush administration.

"Where were we in the past eight years, when we could have done something? And you see our last eight years that has set this situation up. So we can't blame the Democrats for the conditions we have," Paul said.

"We have to blame both parties and presidents of the last several decades to have generated this huge government," he said in a video posted on YouTube on Saturday.

The former GOP presidential candidate also criticized Republican senators Susan Collins, Olympia Snowe and Arlen Specter for saying they would vote for the stimulus bill.

However, Paul added that it was encouraging to see House Republicans unanimously vote against the spending package.

Paul said that he agrees that the economy needs to be stimulated but that he does not think the federal government should be doing it.

"Sure, we want more spending," Paul said. "We need a lot more spending in the economy, but it has to be done by market forces, by individuals, by businesses making proper decisions."

On Friday, Senate Democrats agreed to trim spending proposals and support tax cuts in a roughly $800 billion bill that was to go to a vote on Tuesday.

They rolled back an earlier $937 billion proposal by culling what critics, mostly Republicans, called billions of dollars in unwarranted spending.

And the proposed tax to tax 0.25% of every stock trade, buy or sell, regardless of whether the trade is a win or a loss will kill the markets and add thousands to unemployment.

Let's say I am a trader for a living. I day trade which means I can buy and sell a stock 4-5 times a day. This results in 10 transactions a day.

From this buying and selling a good day for me would be making about $2k. This could take 10 trades, all of them for about $100k in stock. The proposed tax on this would cost me $2.5k

Guess what that turns my +$2k days into -$500 days... I don't even want to think about what it does to my down days. (oh yeah and I still have to pay capital gains taxes on that $2k)

This overnight puts thousands of traders out of work and these are the people that are trading everyday that keep the liquidity of the market going and that keep the bid and ask prices close together.

Once they are gone and out of business, they will be competing for your day job and the stock market volume will grind to a stand still which will crush the US markets. It is completely scarey that they would even consider this.

It just shows how out of touch the government is with the market and the economy

Ron Paul is THE MAN!

To thinnk they want to want to increase its stake in Citibank.

Originally Posted by NeilPearson

Ron Paul is THE MAN!

I like his thinking, sucked that people let him fade away.

Originally Posted by min0 lee

I like his thinking, sucked that people let him fade away.

ronpaulrevolution.com