Marcus Bryant wants to talk...

[Yonivore]

...about the budget so, let's start here:

PXlxBeAvsB8

The caption on the YouTube site says, “Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is.”


Deficit Now Projected at $1.8 Trillion for 2009 (http://blogs.abcnews.com/politicalpunch/2009/05/deficit-now-pro.html)
That's a 50% increase.

http://ace.mu.nu/archives/GR2009032100104.jpg
In case you're poor at math, and I'm pretty sure Marcus is, the $1.8 Trillion Obama budget deficit is more than the deficit of the Bush administration for the first 7 years, combined...and we were recovering from 9/11 and fight two wars.

[Marcus Bryant]

ROFL. Gee, why might the Fed's activities not end up in the fiscal budget?

Yawn.

[Yonivore]

ROFL. Gee, why might the Fed's activities not end up in the fiscal budget?

Yawn.
Certainly, they have no impact on the budget...

And, I guess you didn't see the other two bits in the post.

[Marcus Bryant]

So Obama gets hit with Bush's work. Whoopdefuckingdo.

[Yonivore]

So Obama gets hit with Bush's work. Whoopdefuckingdo.
Bush didn't write the budget...What is Bush's work?

[Marcus Bryant]

Gee, who instigated TARP?

[Yonivore]

Gee, who instigated TARP?
Who inflated it beyond all reason and then, started nationalizing the banks and industry under its umbrella?

Who said every penny would be accounted for and available for public inspection and the, ooops, that won't be available until 2010, if at all.

[Marcus Bryant]

Further, who set the precedent that the federal government's responsibility is to bail out financial services firms?

[Yonivore]

Further, who set the precedent that the federal government's responsibility is to bail out financial services firms?
And I opposed the idea when it was proposed.

So, we agree the bailout were a bad idea. Obama has taken that bad idea to heights never imagined.

[Marcus Bryant]

You would oppose the man whose likeness will appear on Rushmore?

[Yonivore]

You would oppose the man whose likeness will appear on Rushmore?
Not everyone agrees on everything.

[FaithInOne]

I'm starting to use the excuse that I inherited all problems that come into my life.

It doesn't work out too well in the real world for a little ol' guy like me though :depressed

At least I know my government likes to help with my inherit..ance. :lol

[Winehole23]

I'm starting to use the excuse that I inherited all problems that come into my life.It's hardly a novelty.

[FaithInOne]

Some were raised better than others I suppose.

[ElNono]

Looks like Obama is using Bush tactics. Like not including the war expenses in the budget, instead opting to use a supplemental funding bill.

I didn't like it when Bush did it, and I don't like it now when Obama is doing it.

[Winehole23]

http://www.spurstalk.com/forums/showpost.php?p=3276969&postcount=36

CD's take sounds plausible to me, but in principle I think the money should be normally appropriated.

[jack sommerset]

So Obama gets hit with Bush's work. Whoopdefuckingdo.

HAHAHHAHAHA. I love it!!!!!!!!!!!! Blame BUSH.

[Winehole23]

HAHAHHAHAHA. I love it!!!!!!!!!!!! Blame BUSH.You make it sound so trivial.

Is Bush partly to blame? The answer IMO is pretty obviously yes. That this conclusion is widely repeated does not diminish its veracity.

[Marcus Bryant]

Why cannot Bush be assigned blame? I didn't vote for Obama, BTW, so you can drop that meme.

It's rather obvious that Bush set the stage for Obama and that in many respects, the current administration is merely a continuation of the prior one. If you actually desire a small, limited federal government, I'm not sure how Bush is somehow free from criticism.

[MiamiHeat]

Current financial crisis = Bush's fault, duh.

[Winehole23]

I wouldn't say it that way.

Sommers and Rubin were the architects of the bubble (http://www.spurstalk.com/forums/showthread.php?t=125242&highlight=bubble+scheer). The repeal of Glass-Stegall and the CFMA of 2000 were both Clinton era measures. They made the financialization of the economy possible.

Ergo, Clinton shares the blame.

[jack sommerset]

Why cannot Bush be assigned blame? I didn't vote for Obama, BTW, so you can drop that meme.

It's rather obvious that Bush set the stage for Obama and that in many respects, the current administration is merely a continuation of the prior one. If you actually desire a small, limited federal government, I'm not sure how Bush is somehow free from criticism.

Come on. There was a deficit before Bush. Who set the stage for him? Obama just spent a shit load of money and noone knows where it all went to. Thats the problem today. Why would congress do this? Obama said CHANGE, CHANGE,CHANGE. Bullshit. He is a liar.

[Winehole23]

Obama just spent a shit load of money and noone knows where it all went to. Why would congress do this?Because they were afraid their political donors were going to fail. It wouldn't have been much different with a President McCain IMO.

[Ignignokt]

I wouldn't say it that way.

Sommers and Rubin were the architects of the bubble (http://www.spurstalk.com/forums/showthread.php?t=125242&highlight=bubble+scheer). The repeal of Glass-Stegall and the CFMA of 2000 were both Clinton era measures. They made the financialization of the economy possible.

Ergo, Clinton shares the blame.


I thought you said it was all Phil graham and repug dereg?

[jack sommerset]

Because they were afraid their political donors were going to fail. It wouldn't have been much different with a President McCain IMO.

Bullshit. It's a democratic congress. The package would be much much much more fare,not even close to a trillion dollars,FAR-less earmarks(i would love to say zero but they are politicians) and they would have read the entire bill if McCain were prez.

[baseline bum]

Bullshit. It's a democratic congress. The package would be much much much more fare,not even close to a trillion dollars,FAR-less earmarks(i would love to say zero but they are politicians) and they would have read the entire bill if McCain were prez.

LOL... congress will NEVER read the bills they pass through. They're unreadable by design. Jesus could be president and no one in congress would read his budget.

[Winehole23]

I thought you said it was all Phil graham and repug dereg?I just said it wasn't. Why can't the the blame be shared?

[Winehole23]

Clinton signed the laws, his economic honchos seconded, so that makes him collaterally liable. Financial innovation, deregulation and loose money were the cause of this.

Clinton isn't innocent by a long shot, even though Bush was asleep at the switch for the last eight years.

[Ignignokt]

Clinton signed the laws, his economic honchos seconded, so that makes him collaterally liable. Financial innovation, deregulation and loose money were the cause of this.

Clinton isn't innocent by a long shot, even though Bush was asleep at the switch for the last eight years.

according to extra stout, republicans have no credibility on this matter, the democrats do.

[Winehole23]

ES speaks for himself. I don't doubt he said the GOP has no credibility, though your inference that he puts his trust in the Dems is probably amiss.

[Nbadan]

.....amiss? ...the losses would have come one way or another thanks to the
Bush recession, Obama just chose the least painful for now...

[Nbadan]

...how many trillions did we lose in value the last two years again?

[Yonivore]

Stolen from The Belmont Club. There, I've taken care of the plagiarism part. Now, maybe we can discuss content.

De l’audace, encore de l’audace, et toujours de l’audace (http://pajamasmedia.com/richardfernandez/2009/05/12/de-laudace-encore-de-laudace-et-toujours-de-laudace/#more-3768)


It’s A Good Time To Work For Uncle Sam, says CBS News (http://www.cbsnews.com/blogs/2009/05/12/business/econwatch/entry5007862.shtml). “President Obama’s call last year for ’shared sacrifice’ doesn’t extend to federal employees, at least based on the details of his administration’s 2010 budget released this week. At a time when the official unemployment rate is nearing double digits, and 6.35 million people are receiving unemployment benefits, the U.S. government is on a hiring binge. … Counting benefits, the average pay per federal worker will leap from $72,800 in 2008 to $75,419 next year.” About 102,000 temporary employees will be hired by the Census Bureau alone.

Meanwhile, the GOP has been rendered speechless by the sheer scale of Obama’s new budget; it is almost as if they can’t believe it is really happening according to Byron York (http://www.washingtonexaminer.com/politics/Obamas-dangerous-budget-leaves-GOP-at-loss-for-words-44754742.html).


“How do you translate the numbers into something that people can grasp to represent the broader problem?” a Republican pollster asked in a recent conversation. John Boehner, Mitch McConnell and other GOP leaders would love to hear an answer, but the pollster didn’t have one. GOP message mavens are struggling with something that academics call “insensitivity to scope.” It affects us all; we can understand something on a small scale but have a difficult time comprehending the same thing on a massive scale.
Believe. There’s an apocryphal story which claims that the reason that the British Swordfish biplane bombers successfully attacked the Bismarck was that they flew so slowly that the Kriegsmarine fire-control system had no settings for their speed. The Swordfish were events outside the imaginative range of the methodical German engineers. Tigerhawk (http://tigerhawk.blogspot.com/2009/05/audacity-of-tax-as-bad-as-you-thought.html) has at least part of the answer to problem of why people find it hard to take it all in: the taxpayers are being taken to the cleaners by lawyers in the fine print. Other lawyers know, but then they would charge to explain it to you. Tigerhawk writes, “the short version is that President Obama is pushing absolutely staggering increases through the corporate and business tax systems. Direct taxes on business are, in general, inefficient and economically disruptive, but they are also peerless in their complexity, which means that few voters and essentially no reporters will make the effort to understand what is being done to them. Trust me on this: something awful is being done to you.”

They’re even coming for the pop. The WSJ reports that “Senate leaders are considering new federal taxes on soda and other sugary drinks to help pay for an overhaul of the nation’s health-care system. The taxes would pay for only a fraction of the cost to expand health-insurance coverage to all Americans and would face strong opposition from the beverage industry. They also could spark a backlash from consumers who would have to pay several cents more for a soft drink.” Strangely enough, in this time of trillion-dollar government deficits, cents have become real money for individuals. But Obama is only getting warmed up. Quoting from a Deloitte newsletter (http://deloitte.12hna.com/newsletters/2009/TNV/090512_1.html) which astonishingly warns that “the Obama administration’s tax program has taken on an everything-but-the-kitchen-sink quality. One lesson here is never to underestimate the energy and persistence of this administration” Tigerhawk concludes, “he is preparing the media battlespace for a substantive attack to come.” But as the character played by Steve McQueen in the Blob found out, any sufficiently horrifying threat will be regarded by the public as incredible. It’s the little dangers the ordinary man believes in. Nobody believes the really big ones will ever happen until they do.

But don’t worry, our public intellectuals are on the job. This video is from February 23, 2009.

Hto7wGLD6H0

[Marcus Bryant]

You know what the problem is? It's that conservatism has been shaped by the powers that be in the GOP into some kind of evangelical movement. That's why the electorate tunes out the excesses of big guvmint. Not to mention that the GOP has largely embraced big guvmit. If Uncle Sam is going to sodomize me financially, then the less involvement in my personal life will be more attractive.

[Yonivore]

You know what the problem is? It's that conservatism has been shaped by the powers that be in the GOP into some kind of evangelical movement. That's why the electorate tunes out the excesses of big guvmint. Not to mention that the GOP has largely embraced big guvmit. If Uncle Sam is going to sodomize me financially, then the less involvement in my personal life will be more attractive.
:lmao

So, you were distracted by Republicans? That's why you missed all the signs that Obama would be the leftist president he's turned out to be?

It wasn't enough to point out he was the most liberal member of Congress?

It wasn't enough to point out the socialist/communist influences during his life?

No...The GOP was distracting you.

Nice try.

[Marcus Bryant]

:lmao

So, you were distracted by Republicans? That's why you missed all the signs that Obama would be the leftist president he's turned out to be?

It wasn't enough to point out he was the most liberal member of Congress?

It wasn't enough to point out the socialist/communist influences during his life?

No...The GOP was distracting you.

Nice try.

Uh, I know Obama's background and ideology, which is why I didn't vote for him. Try to keep up.

[Winehole23]

MB said nothing of the sort. He assumed Obama would raise taxes. You're a dummy for thinking Obama's centerpiece during the campaign was the whole enchilada.

[Marcus Bryant]

And the 700 Club wonders why the GOP doesn't win every election 100-0.

[Yonivore]

Uh, I know Obama's background and ideology, which is why I didn't vote for him. Try to keep up.
Mea Culpa. Who did you vote for?

And, suggesting I have any interest in keeping up with anyone on this forum is ludicrous.

I merely respond to what's on the page in front of me, when I'm in here. I've invested absolutely no energy in committing any of your or anyone's rantings, in here, to memory.

So, you can count on me not "keeping up" and I'll probably accuse you of voting for Obama again, sometime in the future.

[Yonivore]

More hope and change...

STIMULUS WATCH: Early road aid leaves out neediest (http://www.google.com/hostednews/ap/article/ALeqM5guNAb2By3sueeeMXl9bWidVIwh1wD983T6D00)


WASHINGTON (AP) — Counties suffering the most from job losses stand to receive the least help from President Barack Obama's plan to spend billions of stimulus dollars on roads and bridges, an Associated Press analysis has found.

FAA Approves Plan to Give Stimulus Funds to Airport Named After Murtha (http://www.washingtonpost.com/wp-dyn/content/article/2009/05/12/AR2009051202679.html)

This is the bazillion dollar airport Murtha scammed us out of that sees and average of 6 to 10 passengers per day. Or, I could be wrong, it may have been 6 to 10 passengers per flight; of which there are only four per day.

All I know is someone said there were more TSA employees there than passengers.

[Winehole23]

I merely respond to what's on the page in front of me, when I'm in here. I've invested absolutely no energy in committing any of your or anyone's rantings, in here, to memory.It shows.

Funny, some people can remember things they read without even trying to.

Pity you can't keep up.


So, you can count on me not "keeping up" and I'll probably accuse you of voting for Obama again, sometime in the future.In the Yoniverse, courtesy consists of warning people that you plan be a jerk.

Priceless.

[Yonivore]

It shows.

Funny, some people can remember things they read without even trying to.

Pity you can't keep up.
It's just not that important.


In the Yoniverse, courtesy consists of warning people that you plan be a jerk.

Priceless.
You're welcome...it's more than you've done.

[Winehole23]

You're welcome...it's more than you've done.It's not exactly a secret around here that I pick on bullies and bullshitters.

[Yonivore]

It's not exactly a secret around here that I pick on bullies and bullshitters.
Then, you should be better at it than you are. Kind of sucks to be known for something at which you suck.

[Winehole23]

There's no accounting for taste.