Merry Christmas: U.S. government owes more money than its Citizens together possess
obamao.sux....@gmail.com
trillion in debts, liabilities, and unfunded promises for Medicare and
Social Security, the Peter G. Peterson Foundation www.pgpf.org
reported. The Federal Reserve estimated total household net worth at
that time at $56.5 trillion.
Since then the stock market has crashed, tens of billions of dollars
of personal wealth have evaporated, and the government has committed
$700 million to bail out financial institutions.
A government which long has been morally and intellectually bankrupt
is now financially bankrupt too.
John Smith
It is all very, very sad.
At the time of my early childhood, ~80% of Americans owned their own
homes. Today, less than 20% of Americans own their own homes; the rest
are either purchasing them from a bank or renting (or, even homeless.)
We have generated debt and written IOUs which we can never pay off, in
our lifetimes. These debts will be passed off to our children and their
children; soon we will begin writing IOUs which our great grandchildren
will be left with. At this date, I have not seen one of my public
servants take a reduction in pay and/or benefits and perks. They are
beginning to appear as a ruling class over a peasant class, to me.
The "bailout" money is all going to the greedy/crooked
individuals/institutions/groups which got us into this mess in the first
place. Those in power keep chanting the manta of how we will have to
learn to suffer and get by with less, that somehow, we don't deserve
what we have obtained with the work of our own two hands and minds, that
taxes, fees, licenses must be raised and levied against the poor--they
appear to be suffering little. We are printing money which can only be
given worth by the sweat and labors of future generations.
There was a very popular term and used frequently during the depression,
"Rome burned while Nero fiddled." And, in hindsight, pointed out all
the mistakes made by the Romans which destroyed and let their
way-of-life fall into ruins--a civilization which had once conquered all
the known world--at that time. I see similar here ... at this time.
Indeed, this "bailout" money is being used to maintain high values in
property and goods; it is working against the very people who are being
left with this MAGNIFICENT BILL and i.e., we are cutting our own throats
to maintain the rich and powerful lifestyles of our public servants,
corporate heads, etc.
It is time to "kickbutt", throw out the greedy-crooks, take out the
garbage and clean up the mess ... dare we fiddle about now?
I have lost faith that we will, in time. Indeed, we empower the very
criminals which got us here, to save us--somehow, I question if this
will be successful, or not ... end-of-story.
Regards,
JS
Billy Burpelson
> As of Sep. 30, federal financial statements showed approximately $56.4
> trillion in debts, liabilities, and unfunded promises for Medicare and
Don't tell us. Send a complaint to your pal George W.
Oh, wait. I know what you can do.
You can blame it on Obama (even though he won't be seated for another 25
days).
Telamon
Billy Burpelson <bi...@burpelsonafb.net> wrote:
OK, I blame Mr. Zero
--
Telamon
Ventura, California
RHF
-wrt- The World-Wide {American} Financial Crisis of 2008 :
Just Two Words "George Soros"
. . . but it gets worse . . .
By Mid-Year of 2009 the US Federal Government Defaults
http://groups.google.com/group/rec.radio.shortwave/msg/bf81593a159f0e70
By the Summer of 2009 China and other Foreign Buyers
of US Credit {US Treasury Notes and Bonds} will be
Putting-the-Call and the US Government Will Default.
China's [PRC] One Trillion Dollar Plan for their
own Economic Stabilization and Recovery during
this Crisis is Funded with US "Dollars" that they
currently have Invested with the US Treasury.
China will be withdrawing these Moneys and Spending
those Dollars in China Buying Chinese Goods and
Services.
- - - read-between-the-lines - - -
The US Will NOT Be Getting Any of That Money Back.
.
RHF
> obamao.sux.donki.dix...@gmail.com wrote:
> > As of Sep. 30, federal financial statements showed approximately $56.4
> > trillion in debts, liabilities, and unfunded promises for Medicare and
> > Social Security...
>
> Don't tell us. Send a complaint to your pal George W.
>
> Oh, wait. I know what you can do.
- You can blame it on Obama
- (even though he won't be seated
- for another 25 days).
Twenty-Five [25] Days and Counting . . .
WE LOVE* OUR PRESIDENT-ELECT OBAMA ~ RHF
* All American Republi-Can-DoDos For Obama
* * All American Christian-True-Believers In Obama
* * * BHO Will Be A Great and Wonderful US President
.
this is 'rhf' and i disapprove of this off-topic message ~ RHF
{ equal dis-opportunity net-nannys-r-us }
.
.
Dave
> -wrt- The World-Wide {American} Financial Crisis of 2008 :
> Just Two Words "George Soros"
>
Indeed...
RHF
> RHF wrote:
- - -wrt- The World-Wide {American} Financial Crisis of 2008 :
- - Just Two Words "George Soros"
- Indeed...
Here is a picture of "The Force" {Puppet-Master}
behind Barack Obama . . .
.
http://bolovsrol.ru/stuff/2008/Star-Wars-Emperor.jpg
.
http://www.moonbattery.com/archives/George-Soros_Dr-Evil.jpg
.
John Smith
>> ...
> - You can blame it on Obama
> - (even though he won't be seated
> - for another 25 days).
>
> Twenty-Five [25] Days and Counting . . .
>
> WE LOVE* OUR PRESIDENT-ELECT OBAMA ~ RHF
> * All American Republi-Can-DoDos For Obama
> * * All American Christian-True-Believers In Obama
> * * * BHO Will Be A Great and Wonderful US President
> .
> this is 'rhf' and i disapprove of this off-topic message ~ RHF
> { equal dis-opportunity net-nannys-r-us }
> .
> .
If you even doubt him, a little; Rush is already attempting to make it
sound like Obama is responsible! A guy who has not even held office for
a day!
However, Nixon began the criminal ear, IMHO, Regan gave it real
momentum, and Bush has given it a hearty shove! Again, IMHO ... Clinton
was just an ignorant jerk who "couldn't keep it in his pants ..." :-(
Regards,
JS
John Smith
Actually, George Soros attempts to bring us to our senses. The bailout
is more money than even he is worth!
Again, we kill the messenger of bad news?
Regards,
JS
John Smith
>> ...
> Here is a picture of "The Force" {Puppet-Master}
> behind Barack Obama . . .
My gawd man, do you realize we only escaped the rule of "brain dead
McCain" by the skin on our teeth?
There is hope ... as he would have even been worse than an "Alzheimers'
Regan" having his strings pulled by "the man behind the curtain."
Regards,
JS
RHF
JS - Wheather It's Obama -or- McCain : Does Not Matter Now
.
(OT) : By Mid-Year of 2009 the US Federal Government Defaults
http://groups.google.com/group/rec.radio.shortwave/msg/bf81593a159f0e70
.
By the Summer of 2009 China and other Foreign Buyers
of US Credit {US Treasury Notes and Bonds} will be
Putting-the-Call and the US Government Will Default.
http://groups.google.com/group/rec.radio.shortwave/msg/0ce014da0261054f
.
China's [PRC] One Trillion Dollar Plan for their
own Economic Stabilization and Recovery during
this Crisis is Funded with US "Dollars" that they
currently have Invested with the US Treasury.
China will be withdrawing these Moneys and Spending
those Dollars in China Buying Chinese Goods and
Services.
- - - read-between-the-lines - - -
The US Will NOT Be Getting Any of That Money Back.
http://groups.google.com/group/rec.radio.shortwave/msg/3a5f905bfe1f3f61
.
The Next Decade Will Be Painful for just about every
American that still remains in the USA.
http://groups.google.com/group/rec.radio.shortwave/msg/bed916aa7c37756d
.
TELL THE US CONGRESS : IT AIN'T BUSINESS AS USUAL !
{ And To Get Off Their Asses and Get To Work To Save Us.}
http://groups.google.com/group/rec.radio.shortwave/msg/83111712e812ad22
.
WE LOVE* OUR PRESIDENT-ELECT OBAMA
saltyfi...@gmail.com
the new administration's policies being similar to President Franklin
D. Roosevelt's policies during the 1930s depression, it may be useful
to look at just what those policies were and-- more important-- what
their consequences were.
The prevailing view in many quarters is that the stock market crash of
1929 was a failure of the free market that led to massive unemployment
in the 1930s-- and that it was intervention of Roosevelt's New Deal
policies that rescued the economy.
It is such a good story that it seems a pity to spoil it with facts.
Yet there is something to be said for not repeating the catastrophes
of the past.
Let's start at square one, with the stock market crash in October
1929. Was this what led to massive unemployment?
Official government statistics suggest otherwise. So do new statistics
on unemployment by two current scholars, Richard Vedder and Lowell
Gallaway, in their book "Out of Work."
The Vedder and Gallaway statistics allow us to follow unemployment
month by month. They put the unemployment rate at 5 percent in
November 1929, a month after the stock market crash. It hit 9 percent
in December-- but then began a generally downward trend, subsiding to
6.3 percent in June 1930.
That was when the Smoot-Hawley tariffs were passed, against the advice
of economists across the country, who warned of dire consequences.
Five months after the Smoot-Hawley tariffs, the unemployment rate hit
double digits for the first time in the 1930s.
This was more than a year after the stock market crash. Moreover, the
unemployment rate rose to even higher levels under both Presidents
Herbert Hoover and Franklin D. Roosevelt, both of whom intervened in
the economy on an unprecedented scale.
Before the Great Depression, it was not considered to be the business
of the federal government to try to get the economy out of a
depression. But the Smoot-Hawley tariff-- designed to save American
jobs by restricting imports-- was one of Hoover's interventions,
followed by even bigger interventions by FDR.
The rise in unemployment after the stock market crash of 1929 was a
blip on the screen compared to the soaring unemployment rates reached
later, after a series of government interventions.
For nearly three consecutive years, beginning in February 1932, the
unemployment rate never fell below 20 percent for any month before
January 1935, when it fell to 19.3 percent, according to the Vedder
and Gallaway statistics.
In other words, the evidence suggests that it was not the "problem" of
the financial crisis in 1929 that caused massive unemployment but
politicians' attempted "solutions." Is that the history that we seem
to be ready to repeat?
The stock market crash, which has been blamed for the widespread
suffering during the Great Depression of the 1930s, created no
unemployment rate that was even half of what was created in the wake
of the government interventions of Hoover and FDR.
Politically, however, Franklin D. Roosevelt could not have been more
successful. After all, he was the only President of the United States
elected four times in a row. He was a master of political rhetoric.
If Barack Obama wants political success, following in the footsteps of
FDR looks like the way to go. But people who are concerned about the
economy need to take a closer look at history. We deserve something
better than repeating the 1930s disasters.
There is yet another factor that provides a parallel to what happened
during the Great Depression. No matter how much worse things got after
government intervention under Roosevelt's New Deal policies, the party
line was that he had to "do something" to get us out of the disaster
created by the failure of the unregulated market and Hoover's "do
nothing" policies.
Today, increasing numbers of scholars recognize that FDR's own
policies were a further extension of interventions begun under Hoover.
Moreover, the temporary rise in unemployment after the stock market
crash was nowhere near the massive and long-lasting unemployment after
government interventions.
Barack Obama already has his Herbert Hoover to blame for any and all
disasters that his policies create: George W. Bush.
bajoh...@yahoo.com
Being from the GREAT STATE of ILLINOIS - where we have not , but 5
crooked governors, I have to agree that this situation can't be blamed
on Obama. If you check what he's done so far in his career since
college, you'll be able to see plainly that he can't possibly be
responsible for any of the current problems were dealing with.
tianm...@gmail.com
by the abolition of the Glass-Steagall law in 1999 like ABSs, CDSs,
interest rate forward contracts, securities in US dollars were
declared to be “secure”. Credit rating agencies rated these securities
as safe (like those of Lehman Brothers for example), giving them the
famous AAA or Triple-A grade. This way debt by private institutions
could be treated like currency, at face value, and could be registered
as balance sheet without the need to set aside reserves for any risk.
Similarly greatly underestimating the exchange rate of some emerging
economies, especially China’s, in terms of purchasing power parity
resulted in what is an actual subsidy to their exports.
Thank you Impeached Clinton!
tianm...@gmail.com
All his life he has grown up to rely on Government and has done
absolutely nothing about it!
All during his adult life he has done absolutely nothing but be a part
of Government!
Now he will be leader of that Government!
Governemnt isn't the solution - IT IS THE PROBLEM.
And ObaMa0 will do NOTHING to "Change" THAT!
John Smith
My take is almost 180 degrees from that.
When gov't (the legitimate one--of the people, by the people, for the
people) oversees public water/sewer/dams, power distribution which
provides for all, roads which provide for all, a health dept. which
protects us all from plagues, disaster relief for major disasters, a
military to protect us from FOREIGN POWERS, insures security in homes,
food, clothing, drugs, education etc. It is a good thing ... and the
gov't IS the people providing for themselves, NOT a benevolent
dictatorship (or worse) providing for the people. It IS Americans
taking responsibility for their responsibilities.
When gov't begins supporting any minority to the point of denieing the
majority, it is pure evil ... the constitution, IMHO, allows protection
to minorities so they are not unjustly harmed, nor denied any creator
given rights, it never suggests that a minorities will be held over a
majority--it denies that.
Obama has made noises that he wishes to return us to these American
principles and halt the slide of America towards 3rd world country
values ... again, IMHO.
My job is simply to give him a chance ...
Regards,
JS
tianm...@gmail.com
> My job is simply to give him a chance ...
>
> Regards,
> JS
You don't have a "job". You have a debt you can not repay.
You are now a Serf.
You can thank ObaMa0 and his ilk for that privledge.
John Smith
> ...
> You don't have a "job". You have a debt you can not repay.
> You are now a Serf.
>
> You can thank ObaMa0 and his ilk for that privledge.
No, not at all ... other than if he played a very small insignificant
part--i.e., as much as any public servant (president on down) who has,
ever, voted against the majority of the peoples' will--or supported
legislation to do such.
However, I can thank Nixon, Regan, Clinton, the Bushes, etc. (PRIME
examples) And, complete blame cannot even be placed at their feet, as
the supreme court, and other courts, have not "interpreted" the
constitution correctly, as supported by the forefathers and their
writings and letters ... this needs to be fixed also.
Now, if Obama, once he takes office, does not trust the people and
support their wants, needs and petitions, he will need to be tossed into
this same group, which go on engaging in Un-American activities ...
This, I believe is logically obvious ...
Regards,
JS
Billy Burpelson
>> My job is simply to give him a chance ...
>>
>> Regards,
>> JS
tianm...@gmail.com wrote:
> You don't have a "job". You have a debt you can not repay.
> You are now a Serf.
>
> You can thank ObaMa0 and his ilk for that privledge.
Thank Obama?
Another numb nuts blaming Obama (who HASN'T EVEN BEEN SEATED YET, fer
chrissakes), while -totally- ignoring that Bush is the one that -has-
been sitting in the big chair for the last EIGHT YEARS!!!
Sheesh!
A clue for the clueless: You can start blaming Obama anytime AFTER
January 20th (EXCLUDING the bags of shit he inherited).
RHF
> >> My job is simply to give him a chance ...
>
> >> Regards,
> >> JS
> > You don't have a "job". You have a debt you can not repay.
> > You are now a Serf.
>
> > You can thank ObaMa0 and his ilk for that privledge.
- Thank Obama?
-
- Another numb nuts blaming Obama
- (who HASN'T EVEN BEEN SEATED YET,
- fer chrissakes), while -totally- ignoring that
- Bush is the one that -has- been sitting in the
- big chair for the last EIGHT YEARS!!!
-
- Sheesh!
-
- A clue for the clueless: You can start blaming
- Obama anytime AFTER January 20th (EXCLUDING
- the bags of shit he inherited).
Billy Burpelson,
Concept : Wars {Reality} and Rumors of Wars {FEAR}
and Yes sometimes FEAR is worse than Reality :
For Some - Better the George in the Bush {Today's Reality}
Then - The Obama Behind The Bush {FEAR of Tomorrow}
it ain't rational or factual - it's just 'fear' ~ RHF
.
Recognizing the Irrational FEAR of . . .
The Obama Behind The Bush in 'others'
.
Living With The Irrational FEAR of . . .
The Obama Behind The Bush in Ourselves.
.
Dealing With The Irrational FEAR of . . .
The Obama Behind The Bush in the Economy.
.
WE HAVE NOTHING TO FEAR IN OURSELVES
-but- OUR FEAR OF OBAMA HIMSELF
.
having said that it ain't 'obama' that is the problem
it is our irrational "fears" ~ RHF
.
Set You News reader Filters To :
(OT) = OT = Off-Topic
RHF {Me}
Politics = Obama = Bush
.
.