profit

i love watching the paradigm shift!!

keep talking o blah blah

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John F. Kerry

some good comments in here.

i dont know exactly about all of em

i just wanted to add something else that struck me today.


if you watch obama and the dems now its pretty shady and funny at the same time what they are doing.

im talking specifically about the posturing about a "long term or a short term "deal.

this is the same thing obama did with obama care. he forced it on us- but then didnt make it take effect until after his reelection campaign. why ? well clearly if the plan was a good idea it should take place as soon as possible. but since it was gonna piss a lot of people off, he wanted to have it happen after he gets reelected so he doesnt get blamed for his own policy (but still passes it... like wtf?)

now the debt thing is the same thing. They are bitching and moaning about how "irresponsible" republicans are being... which is just total nonsense because the democrats didnt even offer a budget for 2 years and obama STILL has not layed out his own debt plan even tho republicans have laid out 2 different ones (ryan plan, cut cap balance) ... so salon and msnbc can shit talk about how "horrible throwing seniors off a cliff" the gop plan is.... but there ISNT EVEN A DEMOCRAT PLAN or OBAMA plan to counter with.... so whos really irresponsible? they know that any plan they put out will be unpopular, just like the did with the budget, and just like they did with obama care... so their solution is to use SLEIGHT OF HAND to not even really put out a plan or to make it kick in later when no one is looking. at least the republicans have given us 2 plans to CRITICIZE...all the president has done is HIDE.

and now they act like they want to extend the debt limit long term to "save our credit rating" ... LOL... but not surprisingly that amazing long term plan is meant to last until... you guessed it- RIGHT AFTER OBAMAS REELECTION.... so they are doing the same bulshit now....demagoging about "disastor" while actually plotting to get it done simply so they can avoid having to fight about it again and hurt his reelection chances before 2012.

if someone like a stoner on a web forum can call out this nonsense, imagine what smart people must be thinking. obama and his partisan jokers are really pathetic. OFFER A PLAN.... LEAD.... its such bs. All the liberals are angry about the ryan plan but they dont even know what plan they want because obama has been playing ostrich with his head in the sand for the past 3 years to hope to avoid any political liabilities.

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Nasa under Obama

Roach

corrected...


the political puppet masters

alan greenspan
larry summers
ben bernanke
henry paulson
franklin raines
paul volker
donald regan
william donaldson
robert rubin
joseph cossano
martin j. sullivan
richard fuld
christopher cox
scott talbott
frederic mishkin
timothy geithner
martin feldstein
william c. dudley
john thain
r. glenn hubbard
stan o'neal
laura tyson
ruth simmons
lewis sachs
dr. richard portes
rahm israel emanuel
mary shapiro
mark paterson (aig)

.............this is only a partial list

stoneric

Meaning what?

kamikazi89

he had help

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katie west is the best

Roach

precisely, regan stepped down, greenspan took his place.

and the begining of voodoo economics.

but don't confuse the financial party with either the democrats or republicans.

the financial party (the corporatocracy) has controlled America for the last 30 years.

stoneric

No doubt. But I'm not affiliated with either party so who the co-conspirators were means nothng.

kamikazi89

i hear ya brother, they had to write the checks though

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katie west is the best

Roach

looks like obama's going to fuck us, and his re-election dream...

President Barack Obama conferred with Democratic congressional leaders at the White House Sunday night over the political stalemate that has prevented the government from raising the $14.3 trillion limit on its borrowing. Faced with an Aug. 2 deadline — the day the government exhausts its borrowing authority — Senate Democrats have designed a plan to require $2.5 trillion in deficit reductions over ten years while giving Obama the 17 percent increase in the borrowing limit that he is seeking.

The plan would rely on spending cuts and would not include tax increases.

News of Obama's meeting came as Boehner was telling GOP members in a late Sunday afternoon conference call that no accord on raising the borrowing limit had yet been reached.

Boehner told Republicans that "there is a path" to cut spending and raise the debt ceiling, but it will require his party to accept sacrifices, according to two sources who heard his message.
He told Republicans he is drafting legislation that reflects the principles of a strict spending-cut bill that failed in the Democratic-controlled Senate last week.

Republican leaders had earlier said they wanted to show progress by 4 p.m. EDT Sunday, before trading got under way in Tokyo, Shanghai and other East Asian financial markets.
.................... .................... .................... .................... .................... ...................
On NBC’s Meet the Press, Sen. Tom Coburn, R-Okla., a fiscal conservative who is on good terms personally with the president, said Republican leaders will offer Obama only a short-term debt limit increase.

"That's what he's going to get presented with, that's the compromise way through," Coburn said.

The Oklahoma Republican said he understands why White House officials are saying that Obama won't sign a short-term debt limit increase, "but I think they won't have any choice, and I think that's the only answer right now."

But, in a separate interview on Meet the Press, White House chief of staff Bill Daley said the debt limit "must be extended in a way that gives certainty to the economy through '13 and not some short-term gimmick where we're right back in this fix in six or eight months ....”

He said the risk of passing a debt limit that would only carry the government into mid-2012 is that investors and foreign governments would look at the United States in the middle of a presidential election year and conclude that “these people just can't get their act together."

Daley warned that the talks were moving into "difficult days," but added that when congressional leaders “need to act, when they see a crisis, I have firm belief” that they will act. All four congressional leaders, he said, “have all committed themselves that this country’s debt will be repaid.”
Daley said, “We are now getting to a point where I think that markets around the world will question whether the political system in Washington can come together and compromise for the greater good of the country.”

When borrowing authority runs out
Treasury Secretary Tim Geithner would not say Sunday what the administration’s back-up plan was if Congress did not vote to increase the borrowing limit before Aug. 2.

"We will do everything we can to mitigate the damage," he told Fox News Sunday, noting that the United States sends out 80 million checks a month to government contractors, Social Security recipients, and others.
Geithner had previously said that once the government's borrowing authority is exhausted in August, it would be required to cut roughly 40 percent of all its payments.

As of Aug. 3, the government would have only the daily cash flow from payments of taxes and fees and would be faced with deciding which bills to pay. Among the payments scheduled to be made on that day are $23 billion to more than 50 million Social Security recipients.

Geithner has said if the government paid only the interest on its debt, but failed to pay "legally required obligations to its citizens, servicemen and women and businesses," there would be a sharply negative reaction in financial markets, damaging the nation's creditworthiness.

Credit downgrade looms
Standard & Poor's said last week that "owing to the dynamics of the political debate on the debt ceiling, there is at least a one-in-two likelihood that we could lower the long-term rating on the U.S. within the next 90 days.”

The rating agency also said, "Despite months of negotiations, the two sides remain at odds on fundamental fiscal policy issues," which has created "an increasing risk of a substantial policy stalemate enduring beyond any near-term agreement to raise the debt ceiling."

Publicly held debt is now at its highest level than at any time in American history other than the period after World War II when the costs of the war were being paid off. (big fucking surprise there !) duh...

In a report last month the Congressional Budget Office said the debt “is expected to equal roughly 70 percent of the economy’s annual output, or gross domestic product (GDP), at the end of this fiscal year, up from 40 percent at the end of 2008.”

The Associated Press and Reuters contributed to this story.


for every inch obama offers the republican'ts, they take another foot.

It's a lose lose situation for this lame duck.

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לזיין את הקופים

John F. Kerry

...i read that the reid plan would do it by not cutting anything about medicare mediaid and social security.

and anyway, didnt u say that it had no bearing on you ?

how do u figure roach? that fixing something to make it sustainable is "fucking you" - wouldnt it be much worse if we kept things as they are now and then in 10 years our country is bankrupt and destroyed? like if this is fucking you that would be anal rapage.

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Nasa under Obama

Roach

the problem is no new revenue, another thing obomba failed at.
the budget cannot be balanced without new/increased revenue.
simply slashing social programs won't work.

big business wins, you and I loose.

whether you currently realize this or not, a majority of the working class does.

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John F. Kerry

are u responding to the questions im asking or just kinda restating your position?

nothing wrong with either tho, to each his own

as a member of that working class, currently experiencing 9.5% unemployment, believe me, i DO realize that whats going on now isnt working. and if i thought raising taxes would lower unemployment believe me id be the first to sign on for it because im not in the top tax bracket thats for sure.

under obama black umemployment is double what it was under bush. under obama young people have record levels of unemployment. where do u get the idea that democrats are better for working people? because they pay occasional lip service but when the time comes support trial lawyers and union fat cat bosses at our expense?

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Nasa under Obama

Roach

sorry republican't ,

I already know your line of crap. So you're on ignore.

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לזיין את הקופים

John F. Kerry

....i think its about time i hit the old dusty trail then... cuz it wasnt my intention to piss you off at all. im socrates , but that name was taken

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Nasa under Obama

Roach

this does not include Obama's broken promise for tax reform.

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לזיין את הקופים