We better get our Act together Fast

Quote from endsongs:

This started in 1970, when the gold standard was completely removed. It accelerated in 1981 when politicians realized that without the gold restraint, they could create the illusion of realtime prosperity by increasing spending and passing the bills on to future generations. The delayed ponzi scheme of borrowing from/robbing future generations to pay people in the present could not last forever. We could make it past this recession because the dollar still has relative worth as it is the exchange fiat of choice. The next recession, when the dollar may not be supreme and all resources were exhausted to make it through this one, worries me.


I have to agree. The signs appeared in the late 1970's and some of the oldtimers warned of it back then.
 
Quote from gnome:



What he might do is say, "screw it... I'll just spend everything I have now and worry about things later".

Or as the saying goes: "Dieing broke isn't misfortune . . . it's good timing."
 
Nail on the head...


Quote from endsongs:

This started in 1970, when the gold standard was completely removed. It accelerated in 1981 when politicians realized that without the gold restraint, they could create the illusion of realtime prosperity by increasing spending and passing the bills on to future generations. The delayed ponzi scheme of borrowing from/robbing future generations to pay people in the present could not last forever. We could make it past this recession because the dollar still has relative worth as it is the exchange fiat of choice. The next recession, when the dollar may not be supreme and all resources were exhausted to make it through this one, worries me.
 
Quote from Bingoking:

Or as the saying goes: "Dieing broke isn't misfortune . . . it's good timing."

It would be one thing if the Gummint were spending OUR money... but they're "charging it" to future generations... our kids and grandkids. You OK with that? I'm not!
 
The US is a nation of crises. Usually little of substance is done to correct an obvious problem until it becomes a necessity. I see us only in the past year becoming collectively aware that we have a serious problem on our hands. I see signs that the present administration is attempting to make the changes that will put the nation back on the right course. Whether they can succeed will depend on how strong their resolve is and how clever they are versus their special interest opponents, who will benefit financially from keeping things as they are.

Many are second guessing the Fed and Treasury, and that's only natural, e.g., I'd rather not see Summers involved because i believe he was partly responsible for the mess we are in -- nevertheless who better to know how to handle thieves than a thief.

The team Obama has assembled is highly expert and experienced. Let's give them at least a couple years before we start throwing tomatoes.

It's entirely too soon to judge the current administration. We will have to wait and see. So far, it seems to me, they are dealing rather well with the cards they were dealt. A bad hand, to be sure!
 
Quote from piezoe:

The US is a nation of crises. Usually little of substance is done to correct an obvious problem until it becomes a necessity. I see us only in the past year becoming collectively aware that we have a serious problem on our hands. I see signs that the present administration is attempting to make the changes that will put the nation back on the right course. Whether they can succeed will depend on how strong their resolve is and how clever they are versus their special interest opponents, who will benefit financially from keeping things as they are.

Many are second guessing the Fed and Treasury, and that's only natural, e.g., I'd rather not see Summers involved because i believe he was partly responsible for the mess we are in -- nevertheless who better to know how to handle thieves than a thief.

The team Obama has assembled is highly expert and experienced. Let's give them at least a couple years before we start throwing tomatoes.

It's entirely too soon to judge the current administration. We will have to wait and see. So far, it seems to me, they are dealing rather well with the cards they were dealt. A bad hand, to be sure!


I just can’t trust him anymore, and it’s been three months. Most of his promises have been broken. Withdrawing the troops from Iraq. Not having any former lobbyist in his administration. Having complete transparency.

Someone tell me about some promises he has kept.
 
I am disgusted with the nepotistic, greedy, criminal gang propping up Obama, obviously, but Dubya was the biggest asshole to ever occupy the White House and you can kiss my lily white ass if you don't like hearing that fact.
 
Quote from Roman Candle:

I just can’t trust him anymore, and it’s been three months. Most of his promises have been broken. Withdrawing the troops from Iraq. Not having any former lobbyist in his administration. Having complete transparency.

Someone tell me about some promises he has kept.

I understand, but i'm also thinking it's been only a few months and we aught to allow more time for judgement. I'm not sure most of his promises have been broken. It seems he is actually working on those promises more than any other politician of recent memory. It's just too soon to judge the outcome. Way to soon to know what promises he can keep and which he won't.
 
Back
Top