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Anonymous targets...The FED? (pg. 3)
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| The17sss |
I'm not going to pretend to understand the complexities of all this. But PKC, you might get some value out of reading this from former Office of Management and Budget director David Stockman... he lays out a very persuasive and logical argument as to why it's bull that Ben Bernake and TARP saved the world from meltdown:
The End of Sound Money and the Triumph of Crony Capitalism
http://mises.org/daily/5113/The-End...rony-Capitalism |
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| Zharen |
| quote: | Originally posted by pkcRAISTLIN
What exactly did you expect? Quite frankly I’m surprised the turnaround has been as positive as it has (insofar as we’re talking TARP funds). When you choose to bail out a company (or a whole bunch of companies) I think you’d be extremely optimistic to get 100% of that money back. Still, the fact that its worked out cheaper than expected (or legislated for) is a positive note imo. |
I will concede to you that the actions of the Fed and Obama did do some good in stabilizing the world markets and preventing the US from entering a depression. However, we were promised bigger things from the bailout. Unemployment was supposed to decrease significantly and those in danger of foreclosure were supposed to be helped by loan modification programs. However, the US government has now reached its highest level of debt ever before seen, unemployment only went down a few percentage points (I would still consider 8.9% unusually high), and foreclosures continue to happen around the nation at an alarming rate. You can not have a healthy economic recovery when all 3 of these factors come into play. If they are not remedied, this country will fall back into a double dip recession. Obama needs to get on the ball and start addressing these issues again, or he can kiss his reelection chances in 2012 good-bye. |
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| The17sss |
| quote: | Originally posted by Zharen
Obama needs to get on the ball and start addressing these issues again, or he can kiss his reelection chances in 2012 good-bye. |
The guy has totally checked out. flashbacks to his 2 years in the Senate when he voted "present" 129 times, rather than make executive decisions. he's got better things to do right now:
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| pkcRAISTLIN |
| quote: | Originally posted by The17sss
I'm not going to pretend to understand the complexities of all this. But PKC, you might get some value out of reading this from former Office of Management and Budget director David Stockman... he lays out a very persuasive and logical argument as to why it's bull that Ben Bernake and TARP saved the world from meltdown:
The End of Sound Money and the Triumph of Crony Capitalism
http://mises.org/daily/5113/The-End...rony-Capitalism |
Sorry mate, I don’t read from mises. If you have other sources I’d be happy to check them out. I mean , the link address itself is ing retarded. “sound money” lol! |
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| Joss Weatherby |
| quote: | Originally posted by The17sss
The guy has totally checked out. flashbacks to his 2 years in the Senate when he voted "present" 129 times, rather than make executive decisions. he's got better things to do right now:
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Its a real ing shame that tsunami hit Japan and not the east coast of the US... |
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| pkcRAISTLIN |
| quote: | Originally posted by Zharen
However, the US government has now reached its highest level of debt ever before seen, unemployment only went down a few percentage points (I would still consider 8.9% unusually high), and foreclosures continue to happen around the nation at an alarming rate. You can not have a healthy economic recovery when all 3 of these factors come into play. If they are not remedied, this country will fall back into a double dip recession. Obama needs to get on the ball and start addressing these issues again, or he can kiss his reelection chances in 2012 good-bye. |
Well yeah, it wasn’t a panacea. Unemployment could’ve been much worse though, but I do agree with you that more is needed to bring the country right. Oh well, move here! ~5% unemployment, dollar parity, no Kevin! |
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| The17sss |
| quote: | Originally posted by pkcRAISTLIN
Sorry mate, I don’t read from mises. If you have other sources I’d be happy to check them out. I mean , the link address itself is ing retarded. “sound money” lol! |
Don't be like that man, Mises is just posting the text from the lecture at the Austrian Scholar's Conference last week. It almost seems like you're afraid to read something that might challenge what you've been believing for so long.
| quote: | Originally posted by Joss Weatherby
Its a real ing shame that tsunami hit Japan and not the east coast of the US... |
Yeah dude... a real shame. God damn, you're the biggest ing loser on the internet. |
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| The17sss |
| quote: | Originally posted by pkcRAISTLIN
Oh well, move here! ~5% unemployment, dollar parity, no Kevin! |
lol who the hell would want to live in Tasmania?? Hey, you bogans over there would benefit from my arrival... at the very least, I'd create some entity that employs people. :p |
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| pkcRAISTLIN |
| Mises are world-renowned economics kooks. Im as likely to go to mises to learn about economics as I am alex jones to learn about 911. |
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| pkcRAISTLIN |
| quote: | Originally posted by The17sss
lol who the hell would want to live in Tasmania?? Hey, you bogans over there would benefit from my arrival... at the very least, I'd create some entity that employs people. :p |
hahaha. bogans don’t care about employment!
Tassie has the worst unemployment in the country, but still at a level you yanks could only dream about :p |
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| The17sss |
| quote: | Originally posted by pkcRAISTLIN
Mises are world-renowned economics kooks. Im as likely to go to mises to learn about economics as I am alex jones to learn about 911. |
Ok then go here instead. Don't run away from it man! lol
http://makemoney.webtoric.com/the-e...ony-capitalism/ |
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| pkcRAISTLIN |
Oh look, another diatribe about the evils of fiat money and the awesomeness that is gold. nothing to see here.
Anything in particular kev you’d like to draw my attention to? |
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