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People at AIG got bonuses?
.00009% of the total paid in taxpayer bailout money since November 2008.
A little ripple in the pond has finally woken people up.
And it's not over. In another 6 months....Obama wants another trillion...we can add some more zeros before the dot. Didn't Raines get a bonus in the 20 milion range and fannie needed what...500 billion in bailiout ?
Why isn't that cat in jail or giving back his ?
People at AIG got bonuses?
Rubes need a scapegoat.
Populism takes over. The masses have been asleep and it took the petty payouts to AIG execs to wake people up. That was nothing. NOTHING.
Bush doubled the national debt, nearly, from 5 trillion...that took us 60 years to get there...to 9 trillion in 8 years. Obama is going to take us to 21 trillion in 4 years, over doubling that. He's gonna triple it.
Madness. Absolute madness.
you know whose got a spare bed in their cell waitin for him or any AIG directors/executives? MADOFF and Wesley snipes....
fck...i still havnt seen the trickle affect the bailout money AIG received or any amount the US govt has used already....
get ready dude, china aint buyin ur bonds no more cause of the US dollar, and alot of countries in the G20 are proposing a new currency instead of using american currency in trade. If they are going to propose a new currency which fits all, they better FORCE CHINA to fukn change the value of their currency.....
The 'trickle down affect' is Milton Friedman...Reganomics gets the rap for it, ..but it's Freidman economices. Obama is a Keynsian...a British sociolist economist. Those are the two major schools of thought in economics.
You won't see 'trickle down' under Obama.
You'll see 'bend over economics' ..make everyone equal...equally poor...under obama.
You'll see. I remember Carter. Most of ya' don't.
Last edited by word; 03-24-2009 at 04:13 PM.
repost..my bad.
"You won't see 'trickle down' under Obama."
We never saw it anywhere, anytime.
Reagan was a socialist, confiscating salaries with raised SocSec contribs while drastically cutting tax rates for the wealthy.
I'm aware of these 'proposals' but...but...the dollar has been kicking ASS against the Euro, against the YEN...
When times are...volatile..the world over..they flock to what ? The dollar.
I spend my entire day trading PM's ( commodities ) and...currency...
You know why this won't work...a global currency...because of this...THIS is what makes the US dollar strong in times like these...
The US Navy
The US Army
The US Air Force
The US Marine Corps...
The US Cons ution they are sworn to uphold and defend.
No one is going to TAKE...our .
Yeah, he killed inflation by starting a recession so Reagan could get credit for the expansion that followed. Don't get me wrong -- Reagan initially did the right things like a good Keynesian, but Americans always think more is better, so we'll always fall into the same traps and try to blame someone else, just like you are now.
The economy didn't grow under Reagan, Bush and Clinton, who was also from the Friedman school ??
We're now back to JMK, which we haven't seen on this scale, since LBJ as far as legislation. Nixon and Ford had to pay for it, and spent more on sociol programs than any presidents ...ever...even the beloved FDR...but they would have turned it back had they a majority in congress.
If you look at the facts, LBJ's economic policies were a disaster. At least, how they were implemented...and there sir, is the rub.
Eh, Carter knew ful well that Volcker's actions would probably cost him the 80 election. Pretty impressive that he went along with it.The economy didn't grow under Reagan, Bush and Clinton, who was also from the Friedman school ??
If you want to act like US domestic policy is the sole determinant of the US economy, feel free. I disagree.
Carter ...he's irrelevent, really. All you need to know about Carter is read about Volcker, the chairman of the 'group of 30' as they call it.
So why did you bring him up?
As are you.
if obama wants to go down that way, why not just turn the country to communisism and nationalize everything under one roof, chavez is laughin at obama, the chinese is laughin, the russians is laughing....guess whose bailing out the free world....the communists countries...
I blame the American greed. I'm as guilty as anyone of that.
if the USA not afraid of those so called countrys, then why not just default on ur 11trillion debt, and see what countrys going to do about it? instead of continue to barrow more money and dumping it into something which has a hole in it.
There's a big difference between defending what you have, and taking other peoples stuff.
It's a very fine line. No man, no country is an island.
I don't blame me. I live well below my means...could afford a nicer car, a nicer home....nicer Spurs tickets. lol....
I have more than even my closests friends and family think I have.
Never been greedy. I'm a plugger and a saver. Home and car, paid for.
Actually, I'm one of those freaky survivalist types, without the crazy religion aspect. I not only have a home paid for and cash in the bank as well as stocks...I have gold and silver in a safe....water for 90 days..food for 180....a couple of guns and ample, not crazy amounts, of ammo.
I believe in being prepared for the 'rainy day'...
Last edited by word; 03-24-2009 at 05:44 PM.
Why would gold and silver be valuable after the apocalypse?
Haha...well I don't believe in the apocalypse. I do believe in inflation. If you don't think that's coming, you're living on another planet. I've been collecting coins since I was a kid, my grandma got me into it, so I have a lot of numismatics..a lot of it slabbed and graded.
I'm not a doomesdayer....but you never know. DHS says 90 days of food, 30 days of water at 1 quart per person per day. I just doubled that. I jsut don't want to be one of those people with a helicopter hovering over me taking pictures with someone 1000 miles away going ..'poor bas '. No one ever plans on that. Billions of people have died over the course of history wondering in their last moments...'how the did this happen to me?'
When?I do believe in inflation. If you don't think that's coming, you're living on another planet.
You never saw a trickle down effect and you never will. More interestingly, nobody ever said you would, and certainly not Friedman. The "trickle down theory" is merely political jargon, a straw man used by politicians.
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