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I can't take this inauguration nonsense...

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Re: I can't take this inauguration nonsense...

Unread postby GoghGoner » Tue 20 Jan 2009, 17:34:18

$this->bbcode_second_pass_quote('fireplaceguy', 'A') better idea of the future. Right. That's why he's going to plow hundreds of billions into crooked banks and make-work highway programs.

Fiat money and highways. Barry valiantly channeled Lincoln but we ended up with Eisenhower...


So you propose to let the banks fail and then what? We go back to the barter system? Credit disappears and we have unbelievable unemployment? Why not try to spend our way out? Is it really going to be any worse in the long run?
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Re: I can't take this inauguration nonsense...

Unread postby Jotapay » Tue 20 Jan 2009, 17:46:31

$this->bbcode_second_pass_quote('GoghGoner', 'S')o you propose to let the banks fail and then what? We go back to the barter system? Credit disappears and we have unbelievable unemployment? Why not try to spend our way out? Is it really going to be any worse in the long run?


I frown on your unabashed commitment of my tax dollars for corporate socialism directed to inept and arrogant bankers. Shame on you.

The free market system. You should try it some time.
Last edited by Jotapay on Tue 20 Jan 2009, 17:48:22, edited 1 time in total.
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Re: I can't take this inauguration nonsense...

Unread postby Ludi » Tue 20 Jan 2009, 17:47:00

$this->bbcode_second_pass_quote('GoghGoner', '')$this->bbcode_second_pass_quote('fireplaceguy', 'A') better idea of the future. Right. That's why he's going to plow hundreds of billions into crooked banks and make-work highway programs.

Fiat money and highways. Barry valiantly channeled Lincoln but we ended up with Eisenhower...


So you propose to let the banks fail and then what? We go back to the barter system? Credit disappears and we have unbelievable unemployment? Why not try to spend our way out? Is it really going to be any worse in the long run?


Yeah, apparently the interstate highway system was a waste of time and money also. Let's just go back to dirt roads and barter, the sooner the better, right?

I'm really hoping no new roads will be built, just the old roads and failing brides repaired. We'll probably be using them for a few more decades, anyway.
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Re: I can't take this inauguration nonsense...

Unread postby GoghGoner » Tue 20 Jan 2009, 17:55:25

$this->bbcode_second_pass_quote('Jotapay', 'T')he free market system. You should try it some time.


Let the banks and auto companies fail right now -- don't worry it won't be that bad, the free markets will fix it all?

That's like a religious belief. Don't worry God, whoops I mean the free market, will take care of you. I guess too much regulation lead to credit swaps and stuff like that.
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Re: I can't take this inauguration nonsense...

Unread postby AirlinePilot » Tue 20 Jan 2009, 18:13:21

Gogh,

The longer you wait to "cleanse" the system and impose some sort of sanity and conservative banking process the worse the end game becomes.

The time for forcing the toxic crap out into the open, orderly forcing bankruptcy of insolvent institutions, and reopening new and solvent banks with the remains is probably over. That is what should have been done last year.

Spending our way out of it is not the answer and leads most likely to governmental default and depression. Personally I think the window of opportunity is closed at this point. Too much effort is being expended on BAU and pasting over the problem with no one willing to take responsibility for it.

Short term pain is far better than long term depression and social dislocation. That is where we are headed with the current handling of this crisis. Wishing and hoping doesnt work very well either.
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Re: I can't take this inauguration nonsense...

Unread postby Jotapay » Tue 20 Jan 2009, 18:20:43

$this->bbcode_second_pass_quote('GoghGoner', '')$this->bbcode_second_pass_quote('Jotapay', 'T')he free market system. You should try it some time.


Let the banks and auto companies fail right now -- don't worry it won't be that bad, the free markets will fix it all?


I never said it wouldn't be bad. Now get your thieving hands out of my billfold and off my tax money for your corrupt CEOs.
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Re: I can't take this inauguration nonsense...

Unread postby GoghGoner » Tue 20 Jan 2009, 18:30:59

$this->bbcode_second_pass_quote('Jotapay', 'I') never said it wouldn't be bad. Now get your thieving hands out of my billfold and off my tax money for your corrupt CEOs.


Do you really think you could make any money if the banks collapse? If they collapse that money in your wallet is worth what? Squat! You don't propose an alternative. Neither does AP. We are heading into that freezing river, whether the government defaults matters little now.
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Re: I can't take this inauguration nonsense...

Unread postby Jotapay » Tue 20 Jan 2009, 19:01:04

$this->bbcode_second_pass_quote('GoghGoner', '')$this->bbcode_second_pass_quote('Jotapay', 'I') never said it wouldn't be bad. Now get your thieving hands out of my billfold and off my tax money for your corrupt CEOs.


Do you really think you could make any money if the banks collapse? If they collapse that money in your wallet is worth what? Squat! You don't propose an alternative. Neither does AP. We are heading into that freezing river, whether the government defaults matters little now.


Good thing most of my assets aren't in dollars. And yes, it will be painful but we need to reset. Let the bad businesses fail and let new entrepreneurs take their place. It is healthy, like fire on the prairie.

You are just feeding a cancer and keeping it alive.
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Re: I can't take this inauguration nonsense...

Unread postby Serial_Worrier » Tue 20 Jan 2009, 19:23:00

$this->bbcode_second_pass_quote('Jotapay', '')$this->bbcode_second_pass_quote('GoghGoner', '')$this->bbcode_second_pass_quote('Jotapay', 'I') never said it wouldn't be bad. Now get your thieving hands out of my billfold and off my tax money for your corrupt CEOs.


Do you really think you could make any money if the banks collapse? If they collapse that money in your wallet is worth what? Squat! You don't propose an alternative. Neither does AP. We are heading into that freezing river, whether the government defaults matters little now.


Good thing most of my assets aren't in dollars. And yes, it will be painful but we need to reset. Let the bad businesses fail and let new entrepreneurs take their place. It is healthy, like fire on the prairie.

You are just feeding a cancer and keeping it alive.


+121212121 keep givin' em hell
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Re: I can't take this inauguration nonsense...

Unread postby yeahbut » Tue 20 Jan 2009, 20:03:41

$this->bbcode_second_pass_quote('Serial_Worrier', '')$this->bbcode_second_pass_quote('yeahbut', 'N')o doubt the backlash, when all the hot air and hoopla has cooled down and it becomes apparent that the recession/depression will not be turned around with a magic obama wand, will be correspondingly extreme. It will be interesting to see how long that process takes.


I don't think so. You literally have millions of people who see this coronation as a personal validation, including many white liberals. They will forgive anything Emperor Obama does.


If people are stupid enough to think that one man is gonna make everything better, then they are also stupid enough to blame it all on him when, instead, it gets worse. This pres has just got his hands on the old 'poisoned chalice', the election you don't want to win, the hospital pass. No doubt some people are blinkered enough to see him as the second coming of Jeebers, but plenty more are gonna be mighty disillusioned by this time next year, I suspect, when this massive economic train-wreck just keeps piling up.
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Re: I can't take this inauguration nonsense...

Unread postby mos6507 » Tue 20 Jan 2009, 20:13:53

$this->bbcode_second_pass_quote('AirlinePilot', '
')Short term pain is far better than long term depression and social dislocation.


Please describe what that short-term pain would have been like. In my mind, the short-term pain would have been catastrophic. We're talking about FEMA-coffin catastrophic. Maybe we'll get there anyway, but I'm hoping for more of a slo-mo trainwreck than a neutron bomb.
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Re: I can't take this inauguration nonsense...

Unread postby da23 » Tue 20 Jan 2009, 20:14:06

$this->bbcode_second_pass_quote('AirlinePilot', ' ')Short term pain is far better than long term depression and social dislocation. That is where we are headed with the current handling of this crisis. Wishing and hoping doesnt work very well either.


There have been a lot of 'conspiracy' threads about this scenario in the past few years. Interesting to see it's gone mainstream now.

They don't want short term you need to be stripped first [smilie=eusa_boohoo.gif]
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Re: I can't take this inauguration nonsense...

Unread postby Ludi » Tue 20 Jan 2009, 21:47:29

$this->bbcode_second_pass_quote('Jotapay', ' ')Let the bad businesses fail and let new entrepreneurs take their place. It is healthy, like fire on the prairie.


I tend to agree. A business that's gotten so big it's "too big to fail" is probably a dinosaur and should be allowed to go extinct, to let a bunch of new little critters take its place. But that's easy for me to say because I'm a little critter.
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Re: I can't take this inauguration nonsense...

Unread postby GoghGoner » Tue 20 Jan 2009, 21:57:01

$this->bbcode_second_pass_quote('yeahbut', ' ')If people are stupid enough to think that one man is gonna make everything better, then they are also stupid enough to blame it all on him when, instead, it gets worse. This pres has just got his hands on the old 'poisoned chalice', the election you don't want to win, the hospital pass.


No doubt about that. It is interesting that the most likely group of people to start rioting are now enfranchised. I guess it will be the poor white militants who start trouble first.
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Re: I can't take this inauguration nonsense...

Unread postby PenultimateManStanding » Tue 20 Jan 2009, 23:06:41

$this->bbcode_second_pass_quote('Serial_Worrier', '
')I should stop listening to political talk radio, just more of the nauseating bullshit.
Specially Limbaugh. Hasn't had an original thought in 15 yearsssssss. Talks weird too, now. I'm sure he'll missssss Bussssshhhhhh. He's slacccckkking offff on his show prep toooo. Just repeats himself over and over.
Turn those Machines back On! - Don Ameche in Trading Places
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Re: I can't take this inauguration nonsense...

Unread postby AirlinePilot » Wed 21 Jan 2009, 02:51:43

$this->bbcode_second_pass_quote('mos6507', '')$this->bbcode_second_pass_quote('AirlinePilot', '
')Short term pain is far better than long term depression and social dislocation.


Please describe what that short-term pain would have been like. In my mind, the short-term pain would have been catastrophic. We're talking about FEMA-coffin catastrophic. Maybe we'll get there anyway, but I'm hoping for more of a slo-mo trainwreck than a neutron bomb.


Catastrophic is what we are going to get. I think short term pain would be more of a two to three year depression. If we continue down the road we are on, failing to solve any of the real root issues, I can envision a 5-10 year depression with far greater unemployment than the short version. Total default of the US Gov and almost complete collapse of entitlement, education, infrastructure, and medical programs.

We had a chance, maybe we still do to some extent to forcibly bankrupt the insolvent banks and Institutions. Yeah its going to hurt but that Horse has been out of the barn for many years now. The real issue is how far do we go trying to put off the inevitable? By that I mean the complete write off and losses which we all know most big banks and financial firms are hiding. The Government is helping them to do it right now! Its not going to result in good things happening. The really scary part I think is we are in uncharted waters now. No real time in the past you can equate this too. Its gotten out of control and the longer we wait to make real changes the uglier the crash will be.
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Re: I can't take this inauguration nonsense...

Unread postby coloncleanse » Wed 21 Jan 2009, 04:32:02

You mean changes like stop taking my tax dollars to give to uber-rich montetary mafioso so they can make multi million dollar incomes while lending money to teir rich kids businesses which they cant run?

Forget it.

This system is going to crash and the mafia are going to suffer, live with it.
The white house toilet flushed, but there is still scum in the bowel.

Let Obama the tidy bowl man fire all the 2nd sand third mafia the clinton bush team packed into DC.

Good riddance.
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Re: I can't take this inauguration nonsense...

Unread postby Serial_Worrier » Wed 21 Jan 2009, 04:45:03

Fuck Obama and every single idiot who voted for him. Their increasingly unbearable triumphalist displays will lead to a massive blowback that will make the Civil War look like a day in the park.
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Re: I can't take this inauguration nonsense...

Unread postby fireplaceguy » Wed 21 Jan 2009, 11:51:58

$this->bbcode_second_pass_quote('GoghGoner', '')$this->bbcode_second_pass_quote('fireplaceguy', 'A') better idea of the future. Right. That's why he's going to plow hundreds of billions into crooked banks and make-work highway programs.

Fiat money and highways. Barry valiantly channeled Lincoln but we ended up with Eisenhower...


So you propose to let the banks fail and then what?
Since 1914, the Fed has already stolen 97% of the value of the dollar. It's time to start over with honest money.$this->bbcode_second_pass_quote('GoghGoner', 'W')e go back to the barter system?
Works well in the post-peak local economy model...$this->bbcode_second_pass_quote('GoghGoner', 'C')redit disappears and we have unbelievable unemployment?
Checked the news lately? Credit has already disappeared. Unemployment is high and rising.$this->bbcode_second_pass_quote('GoghGoner', ' ')Why not try to spend our way out? We spent our way in. Isn't the hole deep enough for you?$this->bbcode_second_pass_quote('GoghGoner', 'I')s it really going to be any worse in the long run?Nah - I'm sure it'll be fine to perpetually subsidize corruption and incompetence with borrowed money. That's what all healthy economies are based on. We can grow government perpetually, too, so let's throw in socialized medicine and treat ourselves to another free lunch while we're at it. To "solve" unemployment, we'll just spend another trillion we don't have rebuilding a highway system we soon won't need. Hell - when that's done we can make rest-area janitors a cabinet level job and guarantee everyone a nice job with benefits and a pension.

Obama's rainbow farting unicorns will show up just in time, saddlebags bulging with gold. They'll pay everything off, then graze delicately and evenly across your yard and you'll never even need to mow the lawn again.
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