Obama promotes fiscal restraint, big spending

[Landis82]

Quote from swtrader:

there's no question, that he's at the center of the bailout, no question at all, and no question that 95+ percent of the public was AGAINST it

as far as LEH I dont know - it's is a detail, I'm talking about the big picture

which clearly, is over your head

You look like a CLOWN making such an argument.

You continue to conveniently make "ASSumptions" and claim that they are FACTUAL . . . and then take that one assumption and apply it to something totally different and totally irrelevant ( like the fact that the American public was against the "bail-out" ).

It's pretty twisted logic for sure.
Congrats.

You have claimed in a previouus post that Paulson and Geithner wear the same "stripes" and yet you have no idea what you are talking about when it comes to the LEH situation . . .

But leave it to you to say that it (LEH) was merely a detail.

 

[Random.Capital]

Quote from Pa(b)st Prime:


Here's a peek at the Bush/Clinton/Bush/Obama economic playbook:

I can't believe I'm going to (kind of) defend the old guy, but Senior Bush I think deserves at least a little credit. Or if you prefer, a bit less blame. Of the four, he was the only one who actually showed some backbone in slowing down gov't spending. He lost the battle, in the end, but he went down swinging with the gov't shutdown etc.

And Reagan most definitely belongs in this list, as he started the US down the Ponzi scheme path of "lock boxing" tax revenues into Treasuries.

Rather than a controlled recovery I'd shoot for a controlled depression.

I agree with this. Otherwise we're going to be in perpetual crisis mode for the next 2-4 years and then end up with an uncontrolled depression anyway.

 

[swtrader]

Quote from Pa(b)st Prime:

Rather than a controlled recovery I'd shoot for a controlled depression. Price stability, steady exchange rates and debt reduction should be of paramount concern. Keeping folks employed while cutting their future purchasing power in half is a most cynical gesture.

While other markets including stocks and real estate are on decade lows where are Gold prices these days?

that's absolutly right

the problem is a failed economic model, trade deficits financed with credit to keep the consumer market alive

it wasnt an if but a when, and when just arrived

allocating limited rescources and options toward pumping an leaking balloon only risks that we lose everything

 

[swtrader]

Quote from Random.Capital:

I can't believe I'm going to (kind of) defend the old guy, but Senior Bush I think deserves at least a little credit. Or if you prefer, a bit less blame. Of the four, he was the only one who actually showed some backbone in slowing down gov't spending. He lost the battle, in the end, but he went down swinging with the gov't shutdown etc.

And Reagan most definitely belongs in this list, as he started the US down the Ponzi scheme path of "lock boxing" tax revenues into Treasuries.

ummmmmm, govt shutdown was in 1995, bush sr wasnt in the picture

 

[arealpissedgoy]

Quote from swtrader:

AP – President-elect Barack Obama, second from the right, introduces his economic team during a news conference, … WASHINGTON – President-elect Barack Obama wants to project fiscal restraint even as his economic team assembles a massive recovery package that could cost several hundred billion dollars.

http://news.yahoo.com/s/ap/obama_economy

this guy's gonna be the first president to completely lose credibility before being sworn in

so let us hear your solution.



How do you think Obama should clean up the mess Bush and the Republican congress created?

 

[Landis82]

Quote from Pa(b)st Prime:

Rather than a controlled recovery I'd shoot for a controlled depression. Price stability, steady exchange rates and debt reduction should be of paramount concern. Keeping folks employed while cutting their future purchasing power in half is a most cynical gesture.

Pabst, you make the assumption that a Depression can be controlled . . .

Given the amount of debt and leverage out there, I do not believe that is possible.

Back to trading.

 

[Pa(b)st Prime]

Quote from Random.Capital:

I can't believe I'm going to (kind of) defend the old guy, but Senior Bush I think deserves at least a little credit. Or if you prefer, a bit less blame. Of the four, he was the only one who actually showed some backbone in slowing down gov't spending. He lost the battle, in the end, but he went down swinging with the gov't shutdown etc.

And Reagan most definitely belongs in this list, as he started the US down the Ponzi scheme path of "lock boxing" tax revenues into Treasuries.

Too funny RC but within a few minutes of my post I was thinking the VERY SAME THOUGHTS. The Reagan admin wasn't exactly on the same page as the restrictive Volker Fed either. Faux supply siders found their political if not idealogical equal in Greenspan......

 

[swtrader]

Quote from Landis82:

You look like a CLOWN making such an argument.

You continue to conveniently make "ASSumptions" and claim that they are FACTUAL . . . and then take that one assumption and apply it to something totally different and totally irrelevant ( like the fact that the American public was against the "bail-out" ).

It's pretty twisted logic for sure.
Congrats.

You have claimed in a previouus post that Paulson and Geithner wear the same "stripes" and yet you have no idea what you are talking about when it comes to the LEH situation . . .

But leave it to you to say that it (LEH) was merely a detail.

in a snowstorm of this magniture, LEH is just a detail

but your head of wood will not understand that, and i dont want to start friction that might set it on fire

you're on ignore

 

[Landis82]

Quote from swtrader:

in a snowstorm of this magniture, LEH is just a detail

you're on ignore

LEH was just a detail you claim.
Hmmmm . . .

How convenient for you . . . because in that way you can continue to stick your "pea-brain" into the sand when it is known that Geithner did not agree with Paulson when it came to allowing LEH to go under . . . But leave it to you to claim that Paulson and Geithner are the "same" person, just different party.

Congrats.
Once a CLOWN, always a CLOWN.

 

[saxon22]

Quote from swtrader:

you really dont get it do you

only thing that happens in january is a change of bus drivers

they both work for the same company

Although I like Obama, there is some truth to it when it comes to Dem. vs. Rep.
Sad situation.