I shoudn't post this, but I am eating lunch and bored

Godfather.

brianlux wrote:

Go Beavers wrote:

Godfather. wrote:

they are the only people that realize the trouble this country is in now that obama has 4 more years to fuck it up...he will probably start by chassing business out of the country with higher taxes or just letting the ones that can't out source crumble and the people that they employ will hurt as well......yeahhh obama was a brilliant choice :roll:

Godfather

Like the pictures, that's a little dramatic. How do you think we survived the last 4 years?

Exactly my reaction. Ok, I get it that people are unhappy when their candidate loses but we've also heard so many people who don't like Obama say "We can't have more of the same for four years," but these same people survived the last four years and now talk as though they want to jump off a bridge. I felt hugely bummed when W was re-elected but I never thought about killing myself or leaving the country because I knew the government is made up of more than one person and I highly suspect (well, know, really) that one person does not really run the whole show.

Take a deep breath, GF. Life will go on as normal. I've said it before, it's time to get past the election and start working on the problems before us. And we have some doozies and on some of them, time is running short.

thank you Brian that's good advise...I need a drink.

Godfather.

Cosmo

Godfather. wrote:

Cosmo just wait man,I hope obama makes wise choices but if he goes in the direction he is now I think we could be in deep shit.

Godfather.

...
Like what? What decision is he going to make that will lead us to the thousand years of darkness Mr. and Mrs. Chuck Norris warned us of?
and he can do that... all by himself? Did we vote Obama in a God's replacement?
What direction are you warning us of?
I'd really like to know.... really.

Godfather.

Cosmo wrote:

Godfather. wrote:

Cosmo just wait man,I hope obama makes wise choices but if he goes in the direction he is now I think we could be in deep shit.

Godfather.

...
Like what? What decision is he going to make that will lead us to the thousand years of darkness Mr. and Mrs. Chuck Norris warned us of?
and he can do that... all by himself? Did we vote Obama in a God's replacement?
What direction are you warning us of?
I'd really like to know.... really.

really you need a friggin blueprint man ? telll ya what lets just watch for a few years...maybe sooner.

Godfather.

Cosmo

Godfather. wrote:

Cosmo wrote:

Godfather. wrote:

Cosmo just wait man,I hope obama makes wise choices but if he goes in the direction he is now I think we could be in deep shit.

Godfather.

...
Like what? What decision is he going to make that will lead us to the thousand years of darkness Mr. and Mrs. Chuck Norris warned us of?
and he can do that... all by himself? Did we vote Obama in a God's replacement?
What direction are you warning us of?
I'd really like to know.... really.

really you need a friggin blueprint man ? telll ya what lets just watch for a few years...maybe sooner.

Godfather.

...
Not a blueprint or detailed synopsis... just WHAT am I supposed to be watching out for?

mickeyrat

Cosmo wrote:

Godfather. wrote:

really you need a friggin blueprint man ? telll ya what lets just watch for a few years...maybe sooner.

Godfather.

...
Not a blueprint or detailed synopsis... just WHAT am I supposed to be watching out for?

why, the vague sense of impending doom , of course.

Godfather.

enjoy your meal.

Godfather.

JC29856

were going to shit no matter what...o-bomb-us cruisin along, rMoney pedal to metal

mickeyrat

Godfather. wrote:

enjoy your meal.

Godfather.

thanks, slow roasted beef with carrots and new potatos

Cosmo

mickeyrat wrote:

Cosmo wrote:

Godfather. wrote:

really you need a friggin blueprint man ? telll ya what lets just watch for a few years...maybe sooner.

Godfather.

...
Not a blueprint or detailed synopsis... just WHAT am I supposed to be watching out for?

why, the vague sense of impending doom , of course.

...
Seriously... because when Obama took office in 2009... my 401k ahd been in a violent downward spiral since 2007. It continued to go downward, but, as a rational human being, I knew it was inertia driving it and it wasn't even close to hitting bottom.
But, it did. My 401K is doing a lot better today, even with the 400 point drop in the past couple of days. But, as a rational human being, i understand that there are many variables in the stock market... with the presidential election being one of many.
We we losing tons of jobs beginning in 2007, too. We continued to lose jobs as the housing markets and business related to home construction vaporized... but, we saved the American auto industry. Sure, it was a huge cost, but what would the impact be today if GM and Chrysler went under, dumping all of those people into the ranks of the unemployed? Would that have been better?
That's why I don't understand the whole 'Direction' thing. We were in a nose dive and even though we aren't back to where we were... we have at least, leveled off.
...
Is it all rosey? Not close... but, it's a hell of a lot better than it was heading.

mickeyrat

Cosmo wrote:

mickeyrat wrote:

Cosmo wrote:

...
Not a blueprint or detailed synopsis... just WHAT am I supposed to be watching out for?

why, the vague sense of impending doom , of course.

...
Seriously... because when Obama took office in 2009... my 401k ahd been in a violent downward spiral since 2007. It continued to go downward, but, as a rational human being, I knew it was inertia driving it and it wasn't even close to hitting bottom.
But, it did. My 401K is doing a lot better today, even with the 400 point drop in the past couple of days. But, as a rational human being, i understand that there are many variables in the stock market... with the presidential election being one of many.
We we losing tons of jobs beginning in 2007, too. We continued to lose jobs as the housing markets and business related to home construction vaporized... but, we saved the American auto industry. Sure, it was a huge cost, but what would the impact be today if GM and Chrysler went under, dumping all of those people into the ranks of the unemployed? Would that have been better?
That's why I don't understand the whole 'Direction' thing. We were in a nose dive and even though we aren't back to where we were... we have at least, leveled off.

slow and steady growth. wins the race.

It took us going to war in 1941 after 1929 crash to really get moving. with tons of psending on public works projects in th emix too.

Did anyone REALLY think we would get out of this mess that quickly? in less than 4 years?

Cosmo

mickeyrat wrote:

slow and steady growth. wins the race.

It took us going to war in 1941 after 1929 crash to really get moving. with tons of psending on public works projects in th emix too.

Did anyone REALLY think we would get out of this mess that quickly? in less than 4 years?

...
Apparently, yes. There are people that think we can recover from the greatest economic disaster since the Great Depression in 4 years... in a divided Congress that works very hard in not getting anything done and an opposition party who's open agenda is to bring down the other party, rather than helping our nation.
...
I like to call those people by their scientific name: Homo-headuphisassians

JC29856

stop foreclosures and force banks to write down the worth of properties mortgaged on their books to market value while reducing the principle owed by homeowners, fix the interest rate to 3% and re-amortize the monthly payment....major problem solved

Cosmo

JC29856 wrote:

stop foreclosures and force banks to write down the worth of properties mortgaged on their books to market value while reducing the principle owed by homeowners, fix the interest rate to 3% and re-amortize the monthly payment....major problem solved

...
THERE YOU GO!!! Constructive advice.
And i agree... it is better for a community to keep a family in a house, than to have that house sit vacant and in a state of disrepair.

MotoDC

You people can't honestly think that the world resets every four years with no carryover impact from the prior 4 (or 8) years, right?

whygohome wrote:

You can't say that we didn't have a good economy under Clinton

mickeyrat wrote:

while I would agree much of it had to do with the tech bubble, we had high taxes during Clinton , enough to eventually run a budget surplus. Jobs were plentiful.

Coexistence <> Causation. See cincy's post about the .com boom.

mickeyrat wrote:

Bush gets in office offers the tax cut, the rebate, goes to two unpaid for wars with no endgame to get out of them, jobs grow scarce and the economy tanks just prior to his departure. Hits bottom some months after he's back in Texas.

Hi, :wave: I'm a sub-prime mortgage, did you forget me? That makes me sad. I think I had plenty to do with the crash.

Wars don't cause recessions real-time (at least insofar as the war is fought on someone else's land). Their financial impact will be felt more as the associated debt burden comes to bear. Didn't you just say that WW2 pulled us out of the Great Depression?

BinauralJam

JC29856 wrote:

stop foreclosures and force banks to write down the worth of properties mortgaged on their books to market value while reducing the principle owed by homeowners, fix the interest rate to 3% and re-amortize the monthly payment....major problem solved

Simple and Brilliant!

MotoDC

JC29856 wrote:

stop foreclosures and force banks to write down the worth of properties mortgaged on their books to market value while reducing the principle owed by homeowners, fix the interest rate to 3% and re-amortize the monthly payment....major problem solved

Foreclosures were stopped (and have since restarted) and banks have been writing down their bad loan assets for some time. Why do you think so many were going out of business over the last couple years? FDIC Friday anyone?

I agree with reducing borrower UPB, but ONLY for the banks that took bailout money. It should have been a contingency so that joe schmoe (aka joe the plumber) could have benefited from some of that bailout $$.

If anyone refinanced when they should have, they would have gotten pretty damn close to 3% anyhow. Banks were pretty aggressively offering rate reductions (via refi) with minimal fees for a while. Probably not to every borrower though.

edit: also, it's principal. Not principle. Sorry, pet peeve. :silent:

mickeyrat

MotoDC wrote:

You people can't honestly think that the world resets every four years with no carryover impact from the prior 4 (or 8) years, right?

whygohome wrote:

You can't say that we didn't have a good economy under Clinton

mickeyrat wrote:

while I would agree much of it had to do with the tech bubble, we had high taxes during Clinton , enough to eventually run a budget surplus. Jobs were plentiful.

Coexistence <> Causation. See cincy's post about the .com boom.

mickeyrat wrote:

Bush gets in office offers the tax cut, the rebate, goes to two unpaid for wars with no endgame to get out of them, jobs grow scarce and the economy tanks just prior to his departure. Hits bottom some months after he's back in Texas.

Hi, :wave: I'm a sub-prime mortgage, did you forget me? That makes me sad. I think I had plenty to do with the crash.

Wars don't cause recessions real-time (at least insofar as the war is fought on someone else's land). Their financial impact will be felt more as the associated debt burden comes to bear. Didn't you just say that WW2 pulled us out of the Great Depression?

Yes I did. But that was a war we could really get behind. plus our military was attacked directly.

My point being, during Bush there was plenty of spending going on with a lowered tax rate. How did that work out for us?

Sub prime and the endless repackaging of that debt played a huge role. perfect financial shit storm by greedy people. and helped in part by delusional people who willingly got sucked into homes they had no reasonable hope of affording.


Anyone in jail over that yet?

MotoDC

mickeyrat wrote:

Yes I did. But that was a war we could really get behind. plus our military was attacked directly.

Right but now it seems like we're talking about whether the war was justified. Before we were strictly talking about economic impacts of waging war.

My point being, during Bush there was plenty of spending going on with a lowered tax rate. How did that work out for us?

Badly. Spend less and tax less, I always say. But again, deficit spending takes time to really crap on things. That's (one reason) why it's such a popular mechanism. Therefore it cannot be the cause of the near-term recession.

Sub prime and the endless repackaging of that debt played a huge role. perfect financial shit storm by greedy people. and helped in part by delusional people who willingly got sucked into homes they had no reasonable hope of affording.

Anyone in jail over that yet?

Got no beef with what you've said here. I think it was the primary (by far) cause of the recession, which is further than you seem willing to go, but I'll accept "huge role" and stop arguing.

Cosmo

MotoDC wrote:

Badly. Spend less and tax less, I always say. But again, deficit spending takes time to really crap on things. That's (one reason) why it's such a popular mechanism. Therefore it cannot be the cause of the near-term recession.

...
That is sound advice. Too bad no one is listening.
Democrats are known to be Tax and Spend... Republicans tend to be Don't Tax and Spend.
They all Spend... it just depends on how you want to pay for it... up front... or down the road.
Aren't we seeing the effects of deficit spending by people a decade ago? I mean, it comes due art some point, right?
...
So, which is better... taxing up front to pay for things... or buy now, pay later and factor in the interest?
Those are our choices because it doesn't matter who is in Office (Congress), the Spending part is going to happen, whether we like it or not.

Godfather.

mickeyrat wrote:

Godfather. wrote:

enjoy your meal.

Godfather.

thanks, slow roasted beef with carrots and new potatos

dang that sounds good

really tho I truely hope things go well..nothing ever goes as smooth as we'd like but still I hope for the best,I just have a aweful feeling that things will not go so great but I hope my feeling is wrong.

Godfather.