Is Obama failing yet in the eyes of

[3sweeties]

those that voted for him? His spending even seems pretty heavy handed to most Americans, his news conferences aren't getting glowing reports and the economy still seems on a downward spiral.

What is your opinion?

[FUZO]

Re: Is Obama failing yet in the eyes of

last nights speech he sucked ass big time. He is lying to every american when he says he is going to cut the deficit in half. Its impossible. Last night he couldnt even answer questions right always stepping around them.You all that voted for him got screwed. Dick head Obama's budget would generate deficits totaling $9.3 trillion over the next decade .now wheres the deficit getting cut you ****ing homo

[3sweeties]

Re: Is Obama failing yet in the eyes of

I think that whole crew in washington are gearing up for massive tax increases. I hope we have a massive over haul of congress in 2010 election and render him a lame duck. Right now he is jus a lame ass leader.

[daved150]

Re: Is Obama failing yet in the eyes of

we'll be alright, as long as we dont run out of paper or ink, we can keep printing more money....nothing to stress about...print enough, and we can use that to payoff the national debt!! see? it's pretty simple

[FUZO]

Re: Is Obama failing yet in the eyes of

we'll be alright, as long as we dont run out of paper or ink, we can keep printing more money....nothing to stress about...print enough, and we can use that to payoff the national debt!! see? it's pretty simple

No dave you do not just print more paper buddy to get out of this mess. and dave its not just as simple as that. I hope your just kidding because we cant get out of this mess with him in office you cant just print more money.

If the government printed more money. It would create inflation. The price of goods would rise, it would have to increase benefits and wages inline with inflation. Government spending would rise because of inflation. Borrowers would require higher interest rates to buy bonds. Printing money would not solve the problem but create additional problems of inflation.
Printing more money is exactly what Weimar Germany did in 1922. To meet Allied reparations, they printed more money; this caused the hyper inflation of the 1920s. The hyper inflation led to the collapse of the economy.

[firstenrgy]

Re: Is Obama failing yet in the eyes of

Germany did print paper in the 20's and it caused hyperinflation but they litterally printed more currency and put it into circulation. After a short while the currency was worthless.
This is a little different then the printing we refer to today. In todays context printing money could mean lowering the fed funds (really the discount rate) which is what the government charges the banks for overnight lending. unfortunatley we are at zero now so not wanting to admit defeat, the fed invents anew term of putting money on their balance sheet. What does that really mean:
The fed goes on the open market and purchases bonds to ARTIFICIALLY lower interest rates in hopes of keeping the economy moving. Now this in theory would be okay if we were a creditor nation and taking or savings to invest in ourselves. We are already running deficits so how are we going to get money to purchase those bonds. Offer OUR bonds on the open market. This drives up interest rates!
The fed came out on the 17th and said they were increasing the amount of paper on the balance sheet (a total smoke screen and double talk) and if you look at the chart the 10 year bond dropped 1/2 a percent in an instant.
Today there was a bond auction to raise SOME of the money to "buy these bonds" and as you can see interest rates are heading up again as our credit rating goes in the toilet (how silly, selling bonds so I can buy them)? Would you sell your car so you have the money to but it back??? Madness!
This balance sheet nonsense will only hold the DE-faltion at bay and if the game is played long enough as it seems is the feds resolve, INEVITABLE inflation will result and we will become a bannana reupublic.

[firstenrgy]

Re: Is Obama failing yet in the eyes of

BTW The chart shown does not reflect todays trading wich the 10 yr bond reched 2.78% Thi is only borrowing a PORTION of the money needed. By time all of it is raised. Interest rates will be higher than the 3% that it was before they started the ponzie scheme!

[daved150]

Re: Is Obama failing yet in the eyes of

No dave you do not just print more paper buddy to get out of this mess. and dave its not just as simple as that. I hope your just kidding because we cant get out of this mess with him in office you cant just print more money.

If the government printed more money. It would create inflation. The price of goods would rise, it would have to increase benefits and wages inline with inflation. Government spending would rise because of inflation. Borrowers would require higher interest rates to buy bonds. Printing money would not solve the problem but create additional problems of inflation.
Printing more money is exactly what Weimar Germany did in 1922. To meet Allied reparations, they printed more money; this caused the hyper inflation of the 1920s. The hyper inflation led to the collapse of the economy.

ok...so we gotta mint some coins too...thats cool.

ofcourse i'm kidding...although...i wish i could just print money, lol.

[firstenrgy]

Re: Is Obama failing yet in the eyes of

ok...so we gotta mint some coins too...thats cool.

ofcourse i'm kidding...although...i wish i could just print money, lol.

Oh good! I thought they got to you D and you drank the kool aid!

[2-Swole]

Re: Is Obama failing yet in the eyes of

most obama supporters on at my job are saying we are headed toward depression and are all EXCITED and saying we are a part of history!!! ...WHAT THE F!??? Who in the blue hell wants that? People are stupid!!!

2-Swole

[3sweeties]

Re: Is Obama failing yet in the eyes of

most obama supporters on at my job are saying we are headed toward depression and are all EXCITED and saying we are a part of history!!! ...WHAT THE F!??? Who in the blue hell wants that? People are stupid!!!

2-Swole

The far left wants to see America fail. It is just sick we have people voting who feel that way.

[2-Swole]

Re: Is Obama failing yet in the eyes of

The far left wants to see America fail. It is just sick we have people voting who feel that way.

Yea most ridiculous shit i have ever heard made me sick to my stomach...NO MATTER WHAT you dont want to see you country FAIL..you gotta be kidding me! Arrgggg

[Klash]

Re: Is Obama failing yet in the eyes of

Well the more intelligent ones are probably seeing the light - they just won't admit it. The dumb masses who only watch the evening news with Charles Gibson probably don't have enough curiosity to ever see Obama as who he is and as long as Gibson portrays him as favorable they will too.

[FUZO]

Re: Is Obama failing yet in the eyes of

Oh good! I thought they got to you D and you drank the kool aid!

ME TO

[FUZO]

Re: Is Obama failing yet in the eyes of

DONT WORRY THIS TIME AROUND PEOLE ARE NOT GOING TO BE TRICKED AGAIN. 2010 WE WILL TAKE BACK CONTROL AND THEN IN 2012 HE'S OUT.