Say Anything Blog

lol. I don’t think I could live as well as I do on my “poverty line” (in New York no less) salary if we were in the middle of a depression.

“Behind Communism, Fascism, behind all occupations and invasions lurks a more basic, pervasive evil… a parade of people marching by with raised fists and shouting identical syllables in unision.” - Milan Kundera

The Great Depression

Are you sure they’re not referring to Democrats who have to choose between Barack and Hillary?

Those who think the party or the country, will be “taught a lesson” by handing the levers of power over to the liberals will learn a lesson, but it will be at the expense of our country and her liberties. And there are no guarantees that the party or the country will come out stronger, more conservative or better positioned to win elections against the incumbent liberals.

Reality is what you think it is:  a phenomena the democrats have understood for generations.

Or, on a less complex plane… “The Chicken-Little Story: They Sky is falling, the sky is falling!”

"Here lies, in honored glory, an American soldier, known but to God.”

THIS ELECTION IS ABOUT TWO THINGS: WINNING THE WAR ON TERRORISM AND SAVING THE SUPREME COURT.

We will not see a depression.
Former CEO of Goldman Sachs Hank Paulson our Treasury Secretary(2005 made $37 mil with GS now makes $185k) won’t allow it to happen.

Nationalizing Corporate America

With his bud Comrade Ben they will Nationalize the banks, wipe out shareholders, pass the debt onto the taxpayers shoulders, and there will be nothing we will be able to do about it.

The Fed and the Henhouse

Ahh crony capitalism........gotta love it

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

We are not in a recession. Plenty of jobs.

The Job Market

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

We are not in a recession; there hasn’t even been one month of negative growth.  I know the lefties are really hoping to have bad economic news for this country, but they can’t seem to make it happen, no matter how much they lie, tell half-truths and make outright fabrications.

"If the good men are silent only the wicked are heard.” - Edmund Burke

Right now, the stock market is “skyrocketing"(up about 250 points), and oil is “plummeting"(under $100/barrel).

Good news for America is bad news for the lefties.

"If the good men are silent only the wicked are heard.” - Edmund Burke

r108

Right now, the stock market is “skyrocketing”

Stock market is a recession indicator?

Is the treasury’s announcement of giving the federal reserve “sweeping new powers” good for America?

Bailing out banks and passing the debt to taxpayers.......good for America?

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

Is the treasury’s announcement of giving the federal reserve “sweeping new powers” good for America?

Bailing out banks and passing the debt to taxpayers.......good for America?

Since you obviously have both memory and comprehension problems, Mark, I’ll repeat what I have been saying all along:  The govt doesn’t belong in private enterprise; all it can do is to screw things up.
Conservative values do not call for govt interference in the marketplace.  Especially since this “subprime crisis” originated in govt interference in the first place: the financial “affirmative action” begun under Carter and strengthened under Clinton.

You know all this, but seem to need to ask idiotic questions anyway.  Shame on you.

"If the good men are silent only the wicked are heard.” - Edmund Burke

Actually, the Federal Reserve system (12 U.S.C. Ch 3) was established for the specific purpose of providing the US banking system with a “lender of last resort”, to “furnish an elastic currency”, as well as “to afford a means of rediscounting commercial paper”, and “to establish a more effective supervision of banking in the United States.”

Interestingly, according to Wikipedia, when the vote was taken in December 1913 on the proposed Federal Reserve Act,

The record shows that there were no Democrats voting “nay” in the Senate and only two in the House.

“Poverty of goods is easily cured; poverty of the mind is irreparable.”

Stock market is a recession indicator?

The only “recession indicator"(your terminology) is two or more consecutive quarters of negative GDP growth, and we haven’t had one month of negative GDP growth yet.  You know this, and yet you still make idiotic comments.  Shame on you.

"If the good men are silent only the wicked are heard.” - Edmund Burke

This is just another example of government sponsored corruption.  The Brits are being told that their standard of living has surpassed the US, that the US is crime-ridden and plagued by endemic violence, that inequities abound, that they are better educated, their health system is superior (while they pull their own teeth), etc., on and on.

All lies to make them feel comparatively prosperous while they put up with a government that no longer serves its citizens.  At least we can still shoot the bastards.

r108

Especially since this “subprime crisis” originated in govt interference in the first place: the financial “affirmative action” begun under Carter and strengthened under Clinton

So it was the gov that created all the investment bank and hedge fund leverage? Carter and Clinton caused the subprime? I thought these were loans originated a couple of years ago and it was wall street financial firms that packaged, gave them an investment grade stamp of approval, then sold them off to pension funds and anyone and everyone that believed home values would never come down.
Ask BatOne when he started writing them. He will probably tell you it was within the last 5 or 6 years.
Shame on you for responding with such an idiotic answer.

You, and all conservatives should be in an uproar at what Hank and Ben are doing.

The securities backing a $29 billion Federal Reserve loan to Bear Stearns Cos. consist primarily of “mortgage-backed securities and related hedge investments,” the Treasury Department said.

But instead...........nothing......

two or more consecutive quarters of negative GDP growth, and we haven’t had one month of negative GDP growth yet

When driving, do you look through the windshield to see where you are heading, or do you use your rear view mirror to plot your course and avoid on coming traffic and other obstacles? GDP is the past performance not the future.
Shame on you for such an idiotic response.

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

BatBoy

was established for the specific purpose of providing the US banking system with a “lender of last resort

Yes but not for non-bank financial houses (like stock brokers), derivative dealers, insurance companies, and the private, high risk investment companies of the rich, like hedge funds.......Big difference.

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

Yes but not for non-bank financial houses (like stock brokers), derivative dealers, insurance companies, and the private, high risk investment companies of the rich, like hedge funds.

Really???

Title 12 U.S.C. Sec 341 thru 361 can be found here, and I can find no such restriction.  Perhaps you will be good enough to show me exactly where the restrictions you describe are listed?

I will grant you that this is a somewhat novel approach, but the fact that it has not been done before is certainly no reason to say it can’t… or that it shouldn’t.

Furthermore, I’d suggest that what Mr. Bush is doing through his Treasury Secretary, and in close coordination with the Fed Chairman Bernanke, is exactly what FDR ought to have done immediately upon taking office in 1932.  Had he done so, the Great Depression would have lasted, at most 2 years instead of 10.

“Poverty of goods is easily cured; poverty of the mind is irreparable.”

When driving, do you look through the windshield to see where you are heading, or do you use your rear view mirror to plot your course and avoid on coming traffic and other obstacles?

But we haven’t had a single down month, although who knows about March.

The Debate is over!  Global Whining has been confirmed.

When driving, do you look through the windshield to see where you are heading, or do you use your rear view mirror to plot your course and avoid on coming traffic and other obstacles?

Prudent, successful drivers do both!  Only a fool would view looking forward and looking backward as an “either or” proposition.

“Poverty of goods is easily cured; poverty of the mind is irreparable.”

So it was the gov that created all the investment bank and hedge fund leverage?

I repeat, that leverage was created to deal with the instability created by the requirement to make those “affirmative action” loans.  That segment of the market has been increasing since the Carter admin.  Duh.
We’ve been through this before.
Your “example” about driving is nonsense.  I repeat: we have yet to have one month of negative growth.
I know you lefties are praying for economic disaster so that you can blame the President, but no luck so far.

What’s bad for America is good for the lefties, which should tell you something about who hates America.

"If the good men are silent only the wicked are heard.” - Edmund Burke

BatMan

Furthermore, I’d suggest that what Mr. Bush is doing through his Treasury Secretary, and in close coordination with the Fed Chairman Bernanke, is exactly what FDR ought to have done immediately upon taking office in 1932.  Had he done so, the Great Depression would have lasted, at most 2 years instead of 10.

So we should bailout investors that made stupid investment decisions? Hedge Funds? And pass it onto the taxpayers? I suppose next you will say we need a tax cut.
Hey lets bailout the homeowner that made bad decisions too...............

TW

But we haven’t had a single down month

I suppose it’s still “contained”. Rear view mirror.

Yes r108....it’s carters fault.
Dang......they really increased under dubya’s watch huh....
I guess he was lookin in the rear view mirror waiting for that one month contraction before he does anything about it.

Trust me....no one has to pray....it’s here.

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

I suppose next you will say we need a
tax cut.

With this level of taxation and govt spending, we always need a tax rate cut.  Duh.

You cut tax rates until there is a decrease in revenue to the Treasury, then raise them slightly; that’s the proper level of taxation.

It’s always a good idea to cut govt spending.  Our money is productive in the private sector, and unproductive in the public sector.

"If the good men are silent only the wicked are heard.” - Edmund Burke

Mark,

It’s been several months now, but as I distinctly recall, I have asked you before to explain (if you are able) how raising taxes actually helps the nation’s economic growth, or conversely, to show an instance when lowering tax rates has not resulted in improved economic growth.  Of course, having no sentient answer to either question, you ignored the challenge.

But since you’ve stupidly brought up the question of tax rate cuts again, here’s a refresher just in case you are modestly more knowledgeable now than you were then:  Major tax rate cuts for the purpose of spurring economic growth were instituted by Presidents Coolidge, Kennedy, Ford, Reagan, and Bush.  And in each case, the level of economic activity increased substantially.  Taxes on capital were also cut in 1997, a move forced on a reluctant Bill Clinton by congressional Republicans, with similarly positive results on the economy, job growth, and federal tax revenues.

So, again, if the economy is indeed slowing, as trumpeted by liberal partisans, kindly explain why cutting tax rates is an idea so disparaged by the economic ignoramuses of the Left?

“Poverty of goods is easily cured; poverty of the mind is irreparable.”

r108
mention tax cut and you get a woody hey r108.

With this level of taxation and govt spending, we always need a tax rate cut.  Duh.

7 years of runaway government spending. I have no problem with cutting taxes, but you must also cut spending, which republicans can’t do.

Let’s bailout the hedge funds and add it to the ever increasing government spending pile.....

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

7 years of runaway government spending.

In your leftie ignorance, you ignore the fact that both Dem candidates want to increase spending.  Your use of the term “runaway” is a lie.  Nobody spends like the Dems.  The so-called “War on Poverty”: trillions and counting.  Now, that’s runaway spending.

The largest amount of govt spending is on the entitlements imposed on us by Dems: Social Security and Medicare.  Your abysmal ignorance is showing.

"If the good men are silent only the wicked are heard.” - Edmund Burke

The problem is Bat, while they cut taxes they increased spending.

So cut taxes.....but also cut spending.

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

Anyone remember when the Democrats have come up with a place to cut the budget besides national defense?

The Debate is over!  Global Whining has been confirmed.

Anyone remember when the republicans had a balanced budget? Or even came close to one?

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

The problem is Bat, while they cut taxes they increased spending.

Not a problem at all; cutting tax rates is good, and cutting spending makes it even better.  Your mistake is thinking static analysis has any meaning.  Tax rate cuts increase revenue, and if you then cut spending, you can cut tax rates even more; maybe even eliminate some taxes.  Wow!  What a concept!

The only reason we need more taxes is govt greed to spend our money on vote-buying social engineering pyramid schemes, like Social Security.

"If the good men are silent only the wicked are heard.” - Edmund Burke

r108

you ignore the fact that both Dem candidates want to increase spending

but if they bomb iran and increase defense spending then they will get away with it and it will be ok. They watched dubya the last 7 years. Why not just add it to the national debt?

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

Anyone remember when the republicans had a balanced budget? Or even came close to one?

Here’s where you reveal your partisanship, Mark.  You claim to know that reducing tax rates and reducing govt spending are beneficial, but the Dems always want to increase both tax rates and govt spending.  You actually drink the partisan KoolAid that somehow govt spending can benefit the economy, which is completely false.

"If the good men are silent only the wicked are heard.” - Edmund Burke

then cut spending.....what a concept.
Quick, tell dubya.

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

Quick, tell dubya.

Tell the Spendocrat Congress; after all, they originate all the spending bills in the House, which is under Dem control.  You don’t know that either, do you, Mark?

"If the good men are silent only the wicked are heard.” - Edmund Burke

the republicans just add it to our debt for future taxpayers to worry about it

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

congress has been under dem control for the past 7 years? no I didn’t know that. Thanks for informing me.

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

the republicans just add it to our debt for future taxpayers to worry about it

So do the Spendocrats.  Raising tax rates doesn’t pay off the debt, dufus.

The runup in gas prices has occurred under the Dem Congress.

"If the good men are silent only the wicked are heard.” - Edmund Burke

congress has been under dem control for the past 7 years?

And what is their record now that they are in power. 

What have they proposed cutting besides national defense?

The Debate is over!  Global Whining has been confirmed.

How much has dubya added to the national debt? $4 trillion?
Gas prices run up occurred under dubyas nose and he did nothing about it............ooops.....he did do something about it..........

He danced with the worlds # 4 worst dictator

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

but if they bomb iran and increase defense spending then they will get away with it and it will be ok

Once again, you show yourself to be a leftie liar, Mark.  Social and entitlement spending is 2/3 of the budget, while national defense is constitutionally required.  If you really want to balance the budget, cutting social spending and entitlements is obviously much more effective than weakening our ability to fend off the jihadi threat.  Clinton’s slashing of the military to produce his lie of a balanced budget was part of what gave us 9/11.  I suppose you want another one of those?

"If the good men are silent only the wicked are heard.” - Edmund Burke

How much have gas prices risen since Nancy Pelosi was sworn in as speaker? 

As far as National Debt if you look into it you can see it’s all Kent Conrad’s fault.

The Debate is over!  Global Whining has been confirmed.

How much has dubya added to the national debt?

Congress spends the money.  Basic US Govt, high school level.  I guess you don’t know that, either.

"If the good men are silent only the wicked are heard.” - Edmund Burke

TW...Why....... do we need to cut something? Tax cuts are still in place and the revenues are still pouring in from them.....aren’t they? There is no signs of recession, remember, we haven’t even seen one contraction in the GDP yet, no need to worry.

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

r108....ya under republican control.....or did nancy do that too?

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08

TW...Why....... do we need to cut something?

Because the congress is spending money faster than the economy can keep up with.  Some of that is discretionary spending, but most of it is entitlement programs which were put together so poorly that they are unsustainable.

The Debate is over!  Global Whining has been confirmed.

r108....ya under republican control.....or did nancy do that too?

Like the leftie liar you are, Mark, you keep changing the subject every time you get called on one of your lies.  You started whining about gas prices, and when I pointed out that they have increased since the Dems got control of Congress, you went to overall spending, blaming it on the President, when the truth is that the House originates all spending bills(hint: it’s in the Constitution).  Now you want to play your partisan blame game again, by again changing the subject.  You have no integrity.

We aren’t in either a depression or a recession, and that just grinds your lying leftie guts, so you try to find anything you can whine about and blame on the President, but you keep coming up with an empty sack.

"If the good men are silent only the wicked are heard.” - Edmund Burke

OMG

I missed it.
r-Gumby’ comment count is higher than the sites host!

Way to go r-Gumby, I knew you could do it.

“If a conservative is still a republican after the last 13 years, he is blind to the fact that his party of choice has failed him utterly.” – Realitybasedbob

TW

congress is spending money faster than the economy can keep up with.

WTF? How about, it’s not good to spend more than you take in.

“We have a dollar that’s adjusting and I am for a strong dollar.....
Our dollar doesn’t buy as many barrels of oil as it used to and so therefore it’s more expensive for the American people”..... Bush 3/12/08