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| Post Number: 21
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Duck Hunter 
Group: Members
Posts: 174
Joined: Mar. 2007
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Posted on: Aug. 07 2011,6:50 pm |
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Ironically this downgrade will probably be what we need to save us. GOP is unwilling to increase taxes, Dems are unwilling to change entitlements. Both of these things need to happen and the Fed needs to drastically reduce their balance sheet before inflation is out of control. Other note to Fed, quit paying interest to banks on their excess reserves, the Fed is trying to keep banks from making loans to keep inflation down!
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| Post Number: 22
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| Post Number: 23
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alcitizens
Albert Lea
Group: Members
Posts: 3664
Joined: Jul. 2009
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Posted on: Aug. 08 2011,11:35 pm |
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Inflation caused by Tea Party Republicans..
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| Post Number: 24
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alcitizens
Albert Lea
Group: Members
Posts: 3664
Joined: Jul. 2009
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Posted on: Aug. 08 2011,11:37 pm |
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Deflation caused by Tea Party Republicans..
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| Post Number: 25
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Common Citizen
Group: Members
Posts: 4818
Joined: Jul. 2006
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Posted on: Aug. 09 2011,2:44 am |
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Obama inherited a AAA rating and 5.7% unemployment. Admit it. He wasn't up to the job and blew it.
Tea party my ass. 
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| Post Number: 26
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irisheyes
Group: Super Administrators
Posts: 3040
Joined: Oct. 2003
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Posted on: Aug. 09 2011,4:41 am |
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(Common Citizen @ Aug. 09 2011,2:44 am)
QUOTE He wasn't up to the job and blew it.
Maybe he should extend the Bush tax cuts so the job crea-... Wait, he did that to appease the repubs. How about they bail out the shady banks and automake-? No, Bush, Obama, and McCain were all in that together. If you have any other ideas on how to give more money to the super rich "job creators" so they can do nothing with it, we're all happy to listen. I'd say both parties are out of ideas at this point, the nation is going to have to ride it out.
Conservatives wanted tax cuts AND more spending in the largest parts of the discretionary budget, that was their Pledge to America that you posted on this forum not too long ago. Then the same people complain about debt ratings. 
QUOTE Obama inherited a AAA rating and 5.7% unemployment.
There are some bad things that were inherited as well. I don't remember the outlook with debt or unemployment being a good picture in 2008. But if you want to talk about unemployment rates and deficits, which President's unemployment spike is a mirror image of what's going on now?
Hint - take a look at the 80's
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You know it's going to be a bad day when you cross thread the cap on the toothpaste.
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| Post Number: 27
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Duck Hunter
Group: Members
Posts: 174
Joined: Mar. 2007
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Posted on: Aug. 09 2011,5:51 am |
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(alcitizens @ Aug. 08 2011,10:38 pm)
QUOTE
(Duck Hunter @ Aug. 07 2011,6:50 pm)
QUOTE Other note to Fed, quit paying interest to banks on their excess reserves, the Fed is trying to keep banks from making loans to keep inflation down! Where do you get your information? Link? We've been experiencing serious Deflation in the housing market. Making more home loans will slow the Deflation and eventually stabilize housing prices.. Right now we need Inflation in the housing market to turn around the economy.. The Fed is trying to deal with an economy that is dealing with Inflation and Deflation at the same time. Not an easy task..
http://www.federalreserve.gov/monetarypolicy/reqresbalances.htm
Never before have banks had excess reserves like today sitting idle.
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| Post Number: 28
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Alfy Packer
Group: Members
Posts: 1197
Joined: Dec. 2004
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Posted on: Aug. 09 2011,9:01 am |
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Obama & the Tea Baggers have their issues. Both are contributory to what is happening, but so is S&P. S&P was the organization that miss rated all those bundled garbage mortgages that blew up on us without warning the end of 2008. S&P is nothing if not reliable. They have lied and relied to the point that they are reliable. I find it refreshing that they are honor bound to run us back into recession.
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| Post Number: 29
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| Post Number: 30
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Common Citizen
Group: Members
Posts: 4818
Joined: Jul. 2006
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Posted on: Aug. 10 2011,7:08 am |
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(irisheyes @ Aug. 09 2011,4:41 am)
QUOTE Conservatives wanted tax cuts AND more spending in the largest parts of the discretionary budget, that was their Pledge to America that you posted on this forum not too long ago. Then the same people complain about debt ratings. QUOTE Obama inherited a AAA rating and 5.7% unemployment. There are some bad things that were inherited as well. I don't remember the outlook with debt or unemployment being a good picture in 2008. But if you want to talk about unemployment rates and deficits, which President's unemployment spike is a mirror image of what's going on now?
Your missing my point.
Obama applied for the job in 2008. He told his employer that he was up to the challenge. I am telling you that he failed at it (but you don't need me to tell you) and now it is time to fire him and find someone who can handle it.
The only major thing that the liberals can come up with as an accomplishment is Obamacare...which has received hundreds, if not thousands, of waiver requests. That was a bill that had to be the liberals way, or the highway. They chose to spend time working on that rather than our debt and spending.
The liberals punted the economic football to the current elected congress and liberals in this country are blaming it on the Tea Party? Are you kidding? They didn't even get a smidgeon of what they wanted. The Rino's and the Liberal elites are all to blame and Obama is the leader of that regime. Open your eyes man.
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