They are very few and far between in politics. I do think that RP is probably one of the politicians with more integrity. Too bad his wackadoo ideas and tengential viewpoints really detract from his overall message, stance, and integrity.
They are very few and far between in politics. I do think that RP is probably one of the politicians with more integrity. Too bad his wackadoo ideas and tengential viewpoints really detract from his overall message, stance, and integrity.
Arkaign
Lifer
- Oct 27, 2006
- 20,736
- 1,379
- 126
BAHAHAHAHAHAHA!!!!! :laugh:
The AUDACITY! We're in a prime shithole, and you blame the Democrats? You are totally delusional. Let me pick this apart piece by piece.
(1)- The Republicans had 6 years of uncontested majority rule, and responded with HUGE spending, many of it social spending, combined with an utterly useless and seriously counterproductive war in Iraq. They spent so much money they made Clinton look like the Grinch.
(2)- In point of fact, Democrats and Republicans usually suck about equally, but at least the (D)'s tend to spend less on foreign wars or tax breaks for the richest of the rich.
(3)- What has anyone seriously tried to do about illegal immigration? SHOW ME WHAT BUSH HAS DONE! WITH HIS MAJORITY (R) CONGRESS from '00-'06!? HAH.
(4)- Soviet States? WTF are you smoking? Communism was a failure, and everyone knows it. We're about ten million times more likely to descend into pure Fascism than Communism. Have you forgotten what the (D)'s do when they're in power? That's right, they spend some money on social programs here and there, but by and large it's business as usual. Why is that? Because we are a people by and for the corporation (and their lobbyists).
(5)- More foaming at the mouth about Muslims. It's blatantly clear to anyone sane that the VAST majority of Muslims are just regular people like you and I, they work, sleep, eat, shit, and generally just try to live life well enough for themselves, without fucking with anyone else. This irrational fear of their existence or acceptance into general society is ludicrous. Sure, there are nutjobs out there, but you know, we have nearly 2 billion Muslims on earth right now, if there was an intrinsic danger to this situation, we'd know it by now, and it wouldn't just be 3,000 innocent victims in NYC, it'd be hundreds of millions. But that's false, and you know it. Big problems have ALWAYS been caused by greedy, soul-sucking tyrants, despots, and corrupt psychopaths who somehow gain the reins of power.
"When this happens man will no longer know freedom just death or enslavement to the Muslim?s god.
I just hope when this happens they will at least remember how valiantly a President named G.W. Bush tried to stop it from happening."
LMAO! W_T_F, there's just no explaining your delusion. Particularly the last part, if you think GW Bush gives half a shit about you or anyone not in his little frat-boy group, you're nucking futs!
How about you do your own research to prove your point? If you say poor regulatory oversight caused our housing bubble then explain.
Obsoleet
Platinum Member
- Oct 2, 2007
- 2,181
- 1
- 0
Republicans have destroyed our nation with their big government corporate fascism.
Once the moveon.org crowd and peace activists get their candidates in office, end the war, most of our problems will go away.
-Terrorism is due to American presence on mideast soil, which is blasphemy to the Muslims. That's got to stop or we all die marching into WW3.
-The economy was destroyed nearly singlehandedly by Bush and McCains huge borrowing from foreign (sometimes hostile) nations. Gas is higher than ever, so blood for oil? Not exactly oil for YOU at least.
-You have less rights and liberties because of the war and the admins successful attempts to scare them out of you.
Times will be good when the root problem is eliminated, which is our foreign intervention into mideast affairs. Once we mind our own business, restore our liberties, we will be great again.
Once the moveon.org crowd and peace activists get their candidates in office, end the war, most of our problems will go away.
-Terrorism is due to American presence on mideast soil, which is blasphemy to the Muslims. That's got to stop or we all die marching into WW3.
-The economy was destroyed nearly singlehandedly by Bush and McCains huge borrowing from foreign (sometimes hostile) nations. Gas is higher than ever, so blood for oil? Not exactly oil for YOU at least.
-You have less rights and liberties because of the war and the admins successful attempts to scare them out of you.
Times will be good when the root problem is eliminated, which is our foreign intervention into mideast affairs. Once we mind our own business, restore our liberties, we will be great again.
I'm not going to spend half my career learning this stuff on my own and then have to explain it to some young early 20-something that wants everything spoonfed. Especially when you have no real intent of learning it anyway, you want an easy answer, such as "It's all the fiat currency's fault". Sorry buckwheat, shit isn't that simple in the real world.
Instead of being ignorant and blaming the problems on things you have no fucking clue about, learn on your own. It's what I did.
I could break this down detail by detail, listing FAS140 by paragraph number by rote memory, yet it'll just go through your ears like everything else. I've done my research, it's why I work where I do and why I get paid well for doing it.
Perhaps if you learned that mere fact you might actually garner some attention and respect. Instead, you act like a fool.
I commend your effort, but I suspect that this won't make an impact, some here are beyond saving.
He's already in his bunker, cave painting with his own excrement.
WhipperSnapper
Lifer
- Oct 30, 2004
- 11,442
- 32
- 91
What's your basis for believing that oil will go back down to below $100 before a viable and affordable mass market means of automobile transportation is available? We know that the amount of oil is finite and that the worldwide demand is only increasing.
Could you elaborate on exactly what you mean? Aren't there examples of economies that have done well and expanded over many years and also those that have collapsed and not recovered?
Isn't that what the Romans said about their empire?
It is a fundamental tenet? Says who?
It may never expand again at 4+%, at least relative to population growth, if the energy crisis isn't favorably resolved.
The reason why Americans feel so scared right now is that our nation and our economy face a number of problems. People might have a difficult time identifying the problems but they end up sensing them. Here are our problems in no particular order:
(1.) Population Explosion. The U.S. is by far the world's third most populous nation (right behind those middle class bastions of China nad India) and it has a third world rate of population growth (32.7 million in the ten years between 1990 and 2000 according to the Census Bureau). A higher population, as any Malthusian would tell you, means fewer resources per capita and more environmental degradation. Thus, many things--real estate, clean water, clean air, and agricultural and forest industry products are just going to cost more. Remember, "Soylent Green is made of people."
(2.) Runaway inflation, mostly driven by higher oil prices. This acts like a load or a tax on the entire economy.
(3.) Mass immigration, both legal and illegal. This is part of population explosion but it's worth mentioning it since it's also a core component of global labor arbitrage. By expanding the labor pool there's a downward pressure on wages. You might think of our immigration policies as an outright war on the well being of the poor and the middle class. (Also, it eats tax dollars that are used to provide education and health care for poor immigrants.)
(4.) The use of foreigners on H-1B and L-1 visas to displace Americans which is another component of global labor arbitrage. Often college-educated foreigners end up competing with Americans for decent jobs and put downward pressure on wages, benefits, and/or working conditions.
(5.) The loss of good jobs to foreign outsourcing, which is another core component of global labor arbitrage (exporting American prosperity, importing third world poverty one lost middle class job at a time).
WhipperSnapper
Lifer
- Oct 30, 2004
- 11,442
- 32
- 91
Why do you think the GOP--the party that's been in power for most of the past 7 years--doesn't deserve much of the blame if not the lion's share of the blame?
What have the Republicans done about our nation's population explosion problem, mass immigration, foreign work visas, foreign outsourcing, and global labor arbitrage?
Is a ~1% population growth really a problem?
And as a % of population, immigration legal and illegal cant be as high as it was at the turn of the century(1900).
I'd say two things scare people.
Oil costs
Dollar falling meaning higher costs to import.
Both are big drags on our economy atm. I feel with a few changes the gasoline situation can work itself out relatively painlessly. More carpooling, more mass transit use, or better yet more telecommuting.
Dollar policy will take a new administration.
And as a % of population, immigration legal and illegal cant be as high as it was at the turn of the century(1900).
I'd say two things scare people.
Oil costs
Dollar falling meaning higher costs to import.
Both are big drags on our economy atm. I feel with a few changes the gasoline situation can work itself out relatively painlessly. More carpooling, more mass transit use, or better yet more telecommuting.
Dollar policy will take a new administration.
In the long run, the US will lose the unique position it had during the nineties and early 2000's. The reason for this is not that America would be falling apart as some people suggest. The US may have its problems, but so does definitely the EU as well (and if you want to know more about them, don't hesitate to ask). In the end, it is demographics and functioning economical / political systems that will determine the size of economies. DESPITE the fact that Americans work extremely hard and has little vacation, the European economy is larger than the American, and east Europe has not yet caught up with the west in terms of productivity. But both EU and the US will fall short compared to China provided they continue to move towards market economy as they have done for some time. For demographic reasons, the western world, EU and the US or NATO will be unable to control the world as the US did after the collapse of the Soviet and to some extension still do.
With that being said, it is of course a good sign that one is willing to criticize one self although America has one of the highest GDP/cap in the world. And that an economy is not dominating the world doesn't mean it provides a worse living space for its citizens. Recent studies of skeletons from people of the Roman empire indicate that the diet for ordinary romans improved significantly after the fall of the roman empire.
With that being said, it is of course a good sign that one is willing to criticize one self although America has one of the highest GDP/cap in the world. And that an economy is not dominating the world doesn't mean it provides a worse living space for its citizens. Recent studies of skeletons from people of the Roman empire indicate that the diet for ordinary romans improved significantly after the fall of the roman empire.
I look like the fool? You can't even explain what the fuck you're talking about.
I have done research. Its quite simple really. You can blame lax lending standards for exacerbating the housing trend, but the reality of the fact is that those lending institutions were able to throw free money at people because they were able to get free money. The Fed lowered interest rates dramatically as a result of the nasdaq bubble and kept rates low after 9/11 in hopes of quickly recovering from the recession we were experiencing.
Mortgages rates fell so demand for housing rose, as well as the price. People were soon getting 20-40% times the value of their homes and people were trading up homes for bigger homes. Some people bought multiple homes as they practically made money themselves and were easy to afford.
Ratings agencies kept touting subprime and alt-a mortgages as safe investments so big companies kept buying into it. People were making a quick buck just from reselling homes.
But then came the end to the scheme as the Fed raised rates and mortgages rates went back up. People were stuck with loans they could not pay for and the companies that financed these loans lost money.
Want to correct my understanding?
Hey look everybody, an RPB blaming the Fed, yet again!
Here's a clue buckwheat, the Fed doesn't set long-term rates. If you knew anything but balls, you'd have realized that by now. Yet, somehow, though literally dozens of my posts explaining this same exact issue, you still don't fucking get this.
Why? Because you don't *WANT* to get it. It's why you'll never convince anybody educated and why you'll continue to be an angsty teenager blaming the media and a conspiracy.
You're fucking hopeless.
You have no idea what you're talking about. Do you even know how the Fed operates? The Fed can target and manipulate the Fed Funds rate through open market operations. Get your shit straight.
http://en.wikipedia.org/wiki/Federal_reserve
Some here may get a kick out of one heading: "Tools of monetary policy".
Some here may get a kick out of one heading: "Tools of monetary policy".
Indeed, I have earned it. It's why I work where I do and why you work where you do. Because I'd rather actually learn how something works than stop at YouTube videos. That's exactly why you'll forever blame the Fed for everything and I'll still whomp your ass all over these boards.
They change FED FUNDS rates, the rates at which the FED lends to BANKS. That has almost nothing to do with what BANKS lend CONSUMERS.
If you had your head out of your ass you'd get the point. Instead, you'd rather be a complete idiot about this topic.
Have you ever noticed that the 30-year fixed mortgage rate never deviated under the low of 5.23% in June 2003 when Fed Funds was at 1.0, yet Fed Funds rates 2 years later were at 3.25, yet 30-year fixed were only 50bps wider despite a 2.25% increase?
Ever wonder why a year later Feds Funds was at 5.25%, yet a 30 year fixed was only 110bps wider instead of 200?
Ever hear of spread compression? Capital flooding?
Naw, it's all the Fed!
What are you smoking? The Fed Funds rate gets adjusted when the Fed drops/extracts money from a bank. The money a bank has plays a factor in how the bank lends that money to consumers.
Why are you talking about the 30 year mortgage rate? 30 year mortgages aren't the problem (at least not the big problem). ARMs and Option ARMs are the problem..
Do you know what you're talking about or are you just saying random things?[/quote]
[/quote]
I'm just not going to argue this anymore with you, it's plainly evident you really don't know how long-term rates are set and how that affects the capital position of banks and the interest charged on ABS, which affects rates to consumers on mortgages. If you were to look at interest rates, even though the Fed was raising, spreads were compressed so far on ABS that the funding wasn't moving up. Money was uber-cheap regardless of what the Fed did. Everybody in the market knows that long-term rates are completely out of the control of the Fed right now, every central bank knows this and has commented on it thoroughly.
The Fed has a paltry few trillion to play with when it comes to manipulating interest rates. The global liquidity pool of modern capital market systems has tens of trillions and can throw them around within days. This is the problem facing us now.
You can lead a horse to water...
You couldn't whip your way out of a paper bag LOL
EDIT: You also assume I give a shit about you :laugh:
Again, what do you do? Ohhh yes, you have no real knowledge of your own, you troll these posts in a thugish way in vain attempts to somehow belittle me only because you can only fight with YouTube and somebody else's knowledge. You're the quintessential RPB.
Funny, if you didn't "give a shit" about me, then you wouldn't be responding to my posts. Obviously you do.
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