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president counts more.
alot more
give peace a chance
U.S. jobless claims surge to 26-year high
- Thread starter vinnie
- Start date
president counts more.
alot more
give peace a chance
I was using Obama math--like O's 8 years of failed policies.
Of course I don't blame obama for recent fiasco--i said numerous times I don't blame bill for .com recession he left--and don't blame GW for banking collapse--they are/were events they had no control of.
So if you think I sound silly which was my intent--what do you think of O's continous sound bite of "past 8 years of failed admin he's trying to get in on every opp.
I'd give $1000 to confront him on tv in front of world -one time after he speils his rhetoric--
would go something like this--
Obie
--suppose your plan works perfect and you bring us out of this recession-
--and not only that-- next year we go through another 911 and you bring us out of that--and as luck would have it we have same fiasco in N.O. just as big.
---but you sir continue to bring us back--and not only survive--but excell--in fact your policies are so damn good--with all these tragedies you still have given us 52 months of uninterrupted growth--its 6 years from now and you have got us back to an unbelievable 4.6 unemployment--market is hitting new highs each day despite the adversities you faced.
--but guess what--no one appreciated your unbeilivable feat.
--in fact the Rebs instead of praising you have said your economy is worst since great depression--and guess what -the main steam media is singing their hymn.
What a travestry they vote in Reb majority in congress who promise "change" to improve your "horrible" economy"
--then in following year --unforeseen disaster strikes with banking collapse again. Chaos again after all your hard work.
My question Mr President is
--when next pres gets up and speaks of your 8 years of failed policy--what will be your reply?
Dogs That Bark, the Liberal Media would Label you,
Plumber Dogs That Bark. JMO.
8 years? I'd be willing to bet that it's only 4 years. The American people won't put up with failure during these trying times.
kneifl
Jon--Just got done reading this article and poll over at Motley Fool and thought it would be of interest to you.
(for those that know know--Motley Fool is a 100% investment site)
Heres link to site to see poll of what investors are saying on plan.
http://www.fool.com/investing/divid...a-crying-wolf-with-this-stimulus-package.aspx
the article--
Is Obama Crying Wolf With This Stimulus Package?
By Morgan Housel
February 6, 2009
?It is inexcusable and irresponsible to get bogged down in distraction and delay while millions of Americans are being put out of work. It is time for Congress to act.?
-- President Barack Obama, this morning
There're two arguments surrounding the stimulus plan currently dragging through Congress. One says if we don't pass a bill quick enough, we'll be on a crash course to another Great Depression. The other says if it's passed too hastily and ends up being a drunken $800-billion (or thereabouts -- the final number is still in flux) spending spree, we'll be on a crash course to the Greater Depression. I'm siding with the latter.
Last night, Senate Majority Leader Harry Reid pleaded for passage without letting another second pass. "If necessary, we're going to work through the night ... I can?t imagine what would happen to financial markets tomorrow if there are reports this bill might go down," Reid said.
Is that what this is down to? We're hellbent on pushing through $800 billion -- 6% of GDP -- because we don't want to have a bad day in the stock market?
Now, I understand the urgency and severity of our economic problems. This morning's report that 598,000 jobs were axed in January -- bringing the unemployment rate to 7.6% -- is proof positive that the economy is in freefall.
Something needs to be done. I just worry that focusing on time rather than quality is a dire mistake. President Obama mentioned this morning that the current version, "is not perfect, but a bill is absolutely necessary.? True, but if we're talking about $800 billion, we deserve as close to perfect as possible.
It was a different story when the $700 billion TARP bill was passed this past fall. After the collapse of Lehman Brothers, the sale of Merrill Lynch to Bank of America (NYSE: BAC), and the near bankruptcy of AIG (NYSE: AIG), there was a literal run on the banks that threatened the collapses of Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS), and just about every other bank. Counterparties were yanking credit lines. Panic was calling the shots. Back then, the sense of minute-by-minute urgency was real. As Ben Bernanke said, "If we don't do this, we may not have an economy on Monday."
The urgency of an economic stimulus today isn't nearly as up-to-the minute. Again, I'm not trying to belittle its importance, but if it takes Congress an extra few days to hammer out a bill that will actually work in lieu of one that'll leave us with little stimulus and $800 billion of debt, by all means, take your time. Whether the bill will actually be effective is up for debate; the debt it'll burden us with isn't.
What's your take on it all? Should we rush something through ASAP, or really focus on a quality bill, even if that means a few days of debate? Take a second to weigh in via the Fool poll below. If you care to elaborate, leave your thoughts in the comment section as well.
Thanks for the great read Wayne. It makes a lot of sense too! I read a lot on that site. Their main headquarters are in Old Town Alexandria across the street from where my wife works.
kneifl
kneifl
