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Old 03-11-2009, 12:57 AM   #21
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And why didn't he pass a stimulus bill full of pork...just why?
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Old 03-11-2009, 01:25 AM   #22
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i just think its ****** hillarius when i hear dumbasses talking about getting a stimulous check this year. I just wanna smack them and tell them to go eat paste somewhere else. ****** morons.
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Old 03-11-2009, 01:33 AM   #23
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haha...what checks? Am I still getting one?
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Old 03-11-2009, 01:59 AM   #24
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What Obama is doing is not going to solve the asset valuation problem and until that problem settles out, every dollar he uses to stimulate the economy will be pocketed instead of invested. People can't invest in an unstable market. Instead of helping, he's piling up debt and using the crisis to slip through his social agenda. **** that.

The crisis was caused by:
-Community Reinvestment Act as enforced by Clinton and various public interest lawsuits made it very uncomfortable for banks to be picky about who they lent to
-Freddie and Fannie started buying up high risk mortgages in the 90s and selling them as AAA rated securities. Fund managers trusted and bought them.
-Fed was shoveling money at everything, driving up asset prices. In simple terms, lowering the interest rates makes it easier for people to get mortgages or to get larger mortgages. Guess what this does to housing prices?
-Disconnect between people selling the loans and actually having to live with the consequences of default were two completely separate groups. This created perverse incentives galore.

It collapsed because...
-a slight dip in the housing market and a slight jump in foreclosures revealed that mortgage backed securities were both pervasive and higher risk than anticipated. Their value began to fall.
-mark-to-market, a piece of Sarbanes Oxley (the enron legislation) kicked in and forced banks to declare these devalued assets on their balance sheets
-a rule about the level of liquidity banks had to maintain kicked in, forcing them to collapse
-Obama starts talking down the economy, launching all kinds of scary socialist plans and business ***** its pants and goes into hiding. Everyone starts tightening their belts in expectation of unfavorable business conditions. This means layoffs and reduced spending.
-When everyone has layoffs and reduced spending, you get feedback- the unemployed stop purchasing goods and services which leads to further belt tightening everywhere else in the economy, which in turn leads to further layoffs.

The solution to this crisis is:
-repeal mark to market. Actually repeal all of sarbanes oxley.
-let the banks collapse
-let housing prices fall back to normal
-start talking and acting pro-business. Start suspending regulations and otherwise reducing transaction costs. There are phonebooks thick of federal regulations we could suspend tomorrow and save billions of dollars for businesses around the country.
-drop all the environmental bullshit. Drop it now. It's expensive and wasteful. It's a luxury we can't afford. Global warming is bullshit and everyone knows it. Cheap energy is a huge economic stimulus. Just move out of the way and let the free market supply it.
-Once people get confidence that the government isn't trying to unsettle the markets with zany political machinations, they will begin to invest again. There is no way to avoid housing prices falling. The only question is how long we drag out the bitter medicine for.
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Old 03-11-2009, 08:35 AM   #25
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Rush Limbaugh.
Barney Frank?
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Old 03-11-2009, 09:15 AM   #26
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Quote:
Originally Posted by JimAtFSU View Post
What Obama is doing is not going to solve the asset valuation problem and until that problem settles out, every dollar he uses to stimulate the economy will be pocketed instead of invested. People can't invest in an unstable market. Instead of helping, he's piling up debt and using the crisis to slip through his social agenda. **** that.

The crisis was caused by:
-Community Reinvestment Act as enforced by Clinton and various public interest lawsuits made it very uncomfortable for banks to be picky about who they lent to
-Freddie and Fannie started buying up high risk mortgages in the 90s and selling them as AAA rated securities. Fund managers trusted and bought them.
-Fed was shoveling money at everything, driving up asset prices. In simple terms, lowering the interest rates makes it easier for people to get mortgages or to get larger mortgages. Guess what this does to housing prices?
-Disconnect between people selling the loans and actually having to live with the consequences of default were two completely separate groups. This created perverse incentives galore.

It collapsed because...
-a slight dip in the housing market and a slight jump in foreclosures revealed that mortgage backed securities were both pervasive and higher risk than anticipated. Their value began to fall.
-mark-to-market, a piece of Sarbanes Oxley (the enron legislation) kicked in and forced banks to declare these devalued assets on their balance sheets
-a rule about the level of liquidity banks had to maintain kicked in, forcing them to collapse
-Obama starts talking down the economy, launching all kinds of scary socialist plans and business ***** its pants and goes into hiding. Everyone starts tightening their belts in expectation of unfavorable business conditions. This means layoffs and reduced spending.
-When everyone has layoffs and reduced spending, you get feedback- the unemployed stop purchasing goods and services which leads to further belt tightening everywhere else in the economy, which in turn leads to further layoffs.

The solution to this crisis is:
-repeal mark to market. Actually repeal all of sarbanes oxley.
-let the banks collapse
-let housing prices fall back to normal
-start talking and acting pro-business. Start suspending regulations and otherwise reducing transaction costs. There are phonebooks thick of federal regulations we could suspend tomorrow and save billions of dollars for businesses around the country.
-drop all the environmental bullshit. Drop it now. It's expensive and wasteful. It's a luxury we can't afford. Global warming is bullshit and everyone knows it. Cheap energy is a huge economic stimulus. Just move out of the way and let the free market supply it.
-Once people get confidence that the government isn't trying to unsettle the markets with zany political machinations, they will begin to invest again. There is no way to avoid housing prices falling. The only question is how long we drag out the bitter medicine for.

So why do we need people trying to figure this stuff out? You've already done it for them.

Last edited by msydnor; 03-11-2009 at 04:48 PM.
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Old 03-11-2009, 10:03 AM   #27
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So why do we need people trying to figure this stuff out? You've already done it for them.
The dems are just too busy pushing their own agendas. They rather push for a Railway system between Los Angeles and Las Vegas (Harry reid/ Nancy Pelosi) in the stimulus pork bill. This may give jobs to lots of workers but in the end is a waste of time and money. Las Vegas used to have Amtrak train systems all setup up but it got scrapped because no one would use it. Hence big fail and wasteful spending. Just like investing more into dying car companies. I don't feel bad for those car companies, I feel bad for the workers and retirees with pensions.
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Old 03-11-2009, 10:15 AM   #28
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Originally Posted by JimAtFSU View Post
-drop all the environmental bullshit. Drop it now. It's expensive and wasteful. It's a luxury we can't afford. Global warming is bullshit and everyone knows it. Cheap energy is a huge economic stimulus. Just move out of the way and let the free market supply it.
Fortunately, I don't see this **** happening. Although a free market should dictate the allocation of resources, gas still climbs to prices high enough to warrant wars. Because we are willing to kill over gasoline before changing our demand, perhaps we should concentrate on getting ourselves out of the same bullshit we were in.

Besides, I can't imagine a welcoming hug from the behemoth that the oil industry now is, as alternative energy begins flooding the market.
(my speculation only)
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Old 03-11-2009, 11:28 AM   #29
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Originally Posted by mr_mazda329 View Post
And why didn't he pass a stimulus bill full of pork...just why?
what was it, 1.7% "full" of pork? 40% of which were republican sponsored? and a lot of those were ron paul's
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Old 03-11-2009, 11:36 AM   #30
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a president who knows english > hillbilly corrupt pig *******

also, pork is a new concept introduced by hussein bin-obama. I would like to note that the first bail out from Bush sent a bunch of money to "motorsports facilities" or NASCAR complexes. Once again proving that roadracing and the democratic parties are organizations for people with teeth.
U.S. $700 Billion Bailout Bill Provides Incentives for NASCAR and Motorsports Tracks – In the News – Last.fm
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Old 03-11-2009, 12:31 PM   #31
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Since I am sick of reading all the "I know so much about the government" threads and a handful of you geniuses seem to know just exactly how to fix this economy...here it is in a nutshell. This country is a democracy, which means that the elected gets there due to majority vote. The majority of this country is a bunch of brainwashed morons who don't understand what they are voting for. There are people, like guys on here who tell what the issues are, and seem to understand how to fix things...but in reality, it's all a popularity contest. The people (and many educated members on this forum) that understand what they are voting for don't make a dent in the percentage of people that matter. The voting system is nothing more than American Idol. "That guy can dance around and sing gayer than the other guy, let's vote for him." There ya go, there is the future of America. There should be a test that you are required to take before you are allowed to cast your ballot. Nothing against Barrack Obama or any of his running mates, I just feel that people should have a better reason of why they voted instead of replying with, "because we need change."
BTW, I did get a chuckle out of that Urkel pic...
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Old 03-11-2009, 01:09 PM   #32
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Originally Posted by thirdgen View Post
Since I am sick of reading all the "I know so much about the government" threads and a handful of you geniuses seem to know just exactly how to fix this economy...here it is in a nutshell. This country is a democracy, which means that the elected gets there due to majority vote. The majority of this country is a bunch of brainwashed morons who don't understand what they are voting for. There are people, like guys on here who tell what the issues are, and seem to understand how to fix things...but in reality, it's all a popularity contest. The people (and many educated members on this forum) that understand what they are voting for don't make a dent in the percentage of people that matter. The voting system is nothing more than American Idol. "That guy can dance around and sing gayer than the other guy, let's vote for him." There ya go, there is the future of America. There should be a test that you are required to take before you are allowed to cast your ballot. Nothing against Barrack Obama or any of his running mates, I just feel that people should have a better reason of why they voted instead of replying with, "because we need change."
BTW, I did get a chuckle out of that Urkel pic...
you hate america!
you're a terrorist!
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Old 03-11-2009, 01:42 PM   #33
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Why am I a terrorist, cause I refuse to watch American Idol?
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Old 03-11-2009, 01:46 PM   #34
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I went to shell yesterday and put some 93-octane in the tank then went to the dyno and ran an 11.5:1 AFR, shooting black smoke out the pipe, and put down 250whp. That's freedom, ************. I don't see any god damn black moslims putting petroleum in my tank. **** yeah.
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Old 03-11-2009, 01:50 PM   #35
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Old 03-11-2009, 02:11 PM   #36
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"You gotta look at life, right...you gotta take it into perspective. It's all about freedom, you ever felt a cold breeze blow against your **** and *****? Now that's freedom" -Naked Dave
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Old 03-11-2009, 02:19 PM   #37
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Why am I a terrorist, cause I refuse to watch American Idol?
exactly!

anyone who doesn't like the large dumb masses is anti-american.
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Old 03-11-2009, 04:55 PM   #38
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And Russia from my backyard
I guess I don't really understand why this statement was ridiculed. In many parts of Alaska you can see Russia. They are pretty damn close to each other.
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Old 03-11-2009, 05:02 PM   #39
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I guess I don't really understand why this statement was ridiculed. In many parts of Alaska you can see Russia. They are pretty damn close to each other.
because this statement was utilized to show deft foreign relations experience.
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Old 03-11-2009, 05:06 PM   #40
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because this statement was utilized to show deft foreign relations experience.
Yea, she would of been better off posing it as a question.

"Can I not see Russia from my back yard???" People love rhetoric. Obama is the master of rhetoric.
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