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| If George W bush is doing so bad why is the economy doing so good?
Posted: 3/18/2008 4:04:40 PM |
Re: Blackwater...The connections are convoluted..
To say the least. Good luck tracking that down. Scahill's book on Blackwater is some 400 pages long and has it looking like a rats maze by the time it's all done.
there's just no way around the essential mountain of information, you have to go through it. Fortunately Scahill ...is a strong writer and skilled synthesizer. He also had support: it is obvious, from the meticulous attention to detail throughout, that all involved with this book were dedicated to doing it right.
Make the effort to read Blackwater: you'll emerge refreshed and revitalized, for the information it conveys can propel concerned readers to seek to change what needs to be changed. Jeremy Scahill has performed an immense public service by gathering such a huge amount of information—and making sense of it while Blackwater's story is still emerging.
Congresss couldn't even get access to financial documents in last fall's hearings. All Prince repeated was that it's a 'private' company, with the emphasis on the word 'private.' They have opened up a subsidiary division in the barbados and classified by the U.S. as a "tax-exempt" corporate entity known as Greystone, and they're equally adept at dodging questions. They also have a division known as Presidential Airways.
http://www.greystone-ltd.com/mother_jones_qa.htm
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A lot of the brass at Blackwater has ties with the CIA and the Pentagon:
"""...politically powerful Christian fundamentalists and Neocons are pressing forward with their battle for what they call 'freedom' and 'democracy'—whether the U.S. public, or indeed the rest of the world, wants to fight or not.
They envision, as a Baltimore Sun letter to the editor expressed on March 25, "a global war, with the United States serving as the primary defender of Western civilization against our rarely named enemy, Islamist totalitarianism..."
Sounds over the top, doesn't it? Yet those who believe "Western civilization" (read "Christendom" or perhaps "Judeo-Christendom") is imperiled by 'infidels' are pushing hard to confront and defeat 'the enemy.'
War that serves the purposes of this 'belief' faction also fuels profits for war-related businesses.
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Blackwater founder Erik Prince is a major contributor to the Republican Party. He and his family are known to support Christian right causes (e.g., ban gay marriage, oppose abortions, favor school vouchers and prayer in public schools, oppose stem-cell research), and also, according Scahill, are friends and benefactors of (among others) ex-con Chuck Colson's faith-based Prison Fellowship; Christian conservative leader Gary Bauer, founder of the Family Research Council Christian lobby group; and Focus on the Family founder James Dobson, Christian Freedom International.
Blackwater was founded the same year (1997) as the Neocon think tank Project for a New American Century (PNAC), an outgrowth of the New Citizenship Project, a 501(c)(3) organization funded by the Sarah Scaife Foundation, the John M. Olin Foundation and the Bradley Foundation, according to the watchdog group Media Transparency. Closely related to the American Enterprise Institute, PNAC's charter members included D1ck Cheney and Donald Rumsfeld, Other prominent PNAC members have included Paul Wolfowitz, Douglas Feith, John Bolton, Richard Armitage, James Woolsey, Lewis Libby and Elliott Abrams. Not surprisingly, PNAC was a major proponent of the Iraq War.
Some Blackwater executives are members of the Sovereign Military Order of Malta, a pre-Crusades Christian militia that has a mission of defending territories the Crusaders conquered from Islamic control.
Joseph E. Schmitz, the scandal-ridden former Pentagon Inspector General during the first years of the Iraq war, is a member of the Sovereign Military Order of Malta. Says Scahill, Schmitz "comes from one of the most bizarre, scandal-plagued, right-wing political families in U.S. history," and the facts back him up. Schmitz left the Pentagon in 2005 to take job as Blackwater's Chief Operating Officer and General Counsel."""
http://baltimorechronicle.com/2007/032607Cherbonnier.html
See what you can do with all of that hoop. Chances are you've already been thru it all already | |
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| If George W bush is doing so bad why is the economy doing so good?
Posted: 3/18/2008 8:34:49 PM | True Sly,
I've been through much of this.
I did not read Scahill's book as pretty much everything in his book was being yacked about accross the net before it came out.
World Security Network, caught my attention last year when Thomas Potter attempted to claim the $25 million reward for locating bin Laden.
An Ohio man says he has located Osama bin Laden in the United States and wants to claim the U.S. government's $25 million reward.
Using an online person search built from phone directories and other public records, Thomas Potter of Olmsted Falls, Ohio, turned up three listings for "Usama bin Laden."
The first listing put the al Qaeda leader at the California headquarters of media giant FOX Entertainment Group. The second placed bin Laden in the office of a Bethesda, Md., Internet firm owned by the son of a former Defense Department official. And the third pinpointed bin Laden's secret hideout as an unidentified location in Hermitage, Tenn.
A self-described "househusband" and 9/11 skeptic -- "I am not a 9/11 conspiracy theorist," he says, "I just do not believe a word of the government's 9/11 conspiracy theory" -- Potter made his discovery this Sunday morning, as part of what he calls a years-long research effort to debunk the "official" version of the Sept. 11, 2001 attacks.
Now, Potter says the government owes him the massive reward it promises to anyone with information leading to the capture of Osama bin Laden.
"I understand that the FBI is offering $25 million," Potter wrote in an e-mail to the Department of Justice, alerting them to his findings. "I would like to know if the reward is tax free and if I could please receive it in cash."
Calls to FOX and the Bethesda Internet firm failed to turn up America's most wanted terrorist.
"There's no Osama that works here. Obviously, this is some sort of a prank," FOX spokesman Scott Grogan told the Blotter on ABCNews.com.
"Unfortunately, I don't" have Osama bin Laden on the payroll, Phil Schmitz of Bethesda Interactive Solutions told ABCNews.com. "I'm sure you wouldn't be the first person to call me if I did."
Schmitz confirmed his father, Joseph, was the top Pentagon watchdog from 2002 to 2005. Joseph Schmitz then joined the Prince Group, which owns the private security contractor Blackwater USA.
"I promise you this has no relation to that," Schmitz said of his father's activities.
So how did bin Laden come to be associated with the two companies in the massive whitepages.com database? It's something of a mystery.
The site does not allow the public to add or amend entries in its database, although individuals can ask to have their information removed.
In an e-mail statement, the company told ABCNews.com only that their listings "originate from publicly available local telephone records and other public information sources." It declined to disclose any further information.
Shortly after ABCNews.com contacted whitepages.com, a search for "Usama Laden," the term Potter used, on the company's site returned only the Tennessee location for "Usama bin Laden." No phone number accompanies that listing.
http://blogs.abcnews.com/theblotter/2007/06/internet_absurd.html
and covered again
http://www.associatedcontent.com/article/273559/man_claims_he_found_bin_laden_wants.html
screenshot of the listings here
http://good-times.webshots.com/photo/2731124880045742288QepTCE?vhost=good-times
Turns out Phil Schmitz CEO of Bethesda Interactive Solutions is Joseph E. Schmitz's kid and hosts World Security Network site.
Quite the rabit hole, eh?
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| If George W bush is doing so bad why is the economy doing so good?
Posted: 3/22/2008 11:26:06 AM | slysterling~
of course i understand that the US dollar has depreciated in value...inflation...duh. etc. the value of money is really an interesting thing isn't it? i mean, it really doesn't have any inherent value of its own... we just all "agree" that it is worth something. we aren't on the gold standard anymore... instead we are on the oil standard.. so to speak...
however, the sky isn't falling, and even in this economy new millionares are going to be created. to have this attitude that it's all gloom and doom is seeing only one side of the story. i am not saying that people should not be concerned, or that things aren't a mess... no.. that is NOT what i am saying. what i am saying is that if you have the capital NOW is a great time to buy... if you are in a position to take advantage of the opportunities out there RIGHT NOW... it's a good time to do so...
THAT'S ALL I WAS SAYING... and nothing more.
and if i wasn't back in school again, and was in a position to take advantage of the bargain sale that is going on right now, yeah... i would... and so should you...
cheers...
lar | |
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| If George W bush is doing so bad why is the economy doing so good?
Posted: 3/22/2008 11:51:40 AM |
If George W bush is doing so bad why is the economy doing so good? Posted: 9/13/2006 1  53 AM Just about all of us are driving nice cars and living in expensive houses so whats all the fuss about our president not doing his part to keep the economy in tac.
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| If George W bush is doing so bad why is the economy doing so good?
Posted: 3/22/2008 12:01:24 PM | | Bush has no control over our economy. Our economy is doing pretty bad. Our dollar has dropped another 10% of its worth this week after the Fed cut another loan rate. For you people in the stock market, thats the reason Thursday and Friday were amazing to you. lol congrats. Truth is though our jobs are not paying more and we are living through instensive inflation. A small way to tell we are doing bad in the economy is looking at realistate. The reason homes are hard to sell now is because the banks are finding it harder to loan money. Why because in the past 8 years or so (since the war) the Fed has loaned there money to the US at an alarming rate and havent given money back to the economy. (More dollars printed {went to war}+ No raise in pay from job+ raise in cost of living=inflation) Now back to the question. Why is Bush viewed bad but our economy is so well..........Bush is viewed bad because he made the decision as commander and Chief to go to war. Why is our economy good? I dont think it is but its because of the Fed. Not Bush! | |
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| If George W bush is doing so bad why is the economy doing so good?
Posted: 3/22/2008 3:13:05 PM | even in this economy new millionares are going to be created. to have this attitude that it's all gloom and doom is seeing only one side of the story.
NOW is a great time to buy
__________________________________Larissan04
Happy days are just around the corner.....Hoover Lives ....
Cut taxes..... No Regulations... WAR ON BOOZE
Greenspan Says..............
Horde CARDBOARD..........SHEETS OF PLASTIC..... housing for HOOVERVILLES....
Capital Investment
In this economy we will all be MILLIONAIRES>.......
We will Need a wheelbarrow of $$$$ to buy GAS......ha
On The Financial Times Of London Several Economist Predict Interest to be at
>>>>>>> 1% >>>>>> by Sept.
DOLLAR in the dumper
Bush Insisted on a TAX CUT in time of war......
Unheard of......
He has a lot to do with this MESS>>>>That is why He and Cheney invested in EURO's
I wonder if they are insisting on pay in Euro's through this rough patch
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| If George W bush is doing so bad why is the economy doing so good?
Posted: 3/22/2008 3:15:00 PM | GW Bush is the best President ALIVE, ever, better than G. Washington and Abe Lincoln! He's the best, things are going along swimmingly and everything is going to be just as right as rain, you'll see, it will just be fine. Jesus is coming! Jesus will save us!
Oh, yeah, Bear-Stearns, who just cost the taxpayers umpteen dollars to save them from bankdruptcy, gave out $10 billion in bonuses to their people last year, KNOWING things are shaky. They might have been a little more modest and gave out $1 billion and had $9 billion to work with ..........there's no corporate welfare, no,not here, not in America.
No, sir, I think not! | |
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| If George W bush is doing so bad why is the economy doing so good?
Posted: 3/22/2008 3:27:25 PM | The banksters create the problems, not the ones that are on the street corners of every small town or city, but the big boys who go for the gusto. JP Morgan Bank, an OWNER, of the Fed Reserve and an important owner, just swallowed up a smaller banker, to the tune of $138.00 bucks a share, they paid $2 for it. A bank that invested heartily on the sub prime mortgage rate, hoping for a cut in the Fed to lower interest rates because of the boom. What happened, they got F**ked. And the Morgan bank the next day, thru the Fed. Lowered Interest rates to subprime. They made billions. And your concerned with Bush. He's the do boy for the Elite. Your getting robbed legally by an illegal government. When I was a kid, the numbers racket was illegal, now we got lotteries, When I was a kid gambling was illegal, now we got Casinos, when etc. bookies where illegal, now we got sports select, and
When I etc, we paid for protection, its called the income tax. We are run by gansters. Welcome to freedom. | |
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| If George W bush is doing so bad why is the economy doing so good?
Posted: 3/22/2008 3:32:23 PM | | For all you brilliant people out there, why don't you for a hobby spend some time on the Government web site, then ask them for the law pertaining to the people of the US must pay taxes, and you will find that the tax is voluntary, and the IRS carry guns. Is that freedom. | |
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| If George W bush is doing so bad why is the economy doing so good?
Posted: 3/22/2008 3:37:31 PM | | Try this one on a cop, you cannot be prosecuted or arrested for asking a question. so when a cop pulls you over you ask him "Are you an ***hole"? Wait till after he gives you a fine. So whenever you get confronted by any authority, you ask them a question where you actually tell them to go to hell and they enjoy the trip, because they, the authorities have always "got" to answer YOUR questions. Under Common Law the government answers to you. And you live in Common Law. | |
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| If George W bush is doing so bad why is the economy doing so good?
Posted: 3/22/2008 4:11:48 PM |
...why don't you for a hobby spend some time... for the law pertaining to the people of the US must pay taxes, and you will find that the tax is voluntary,
I don't think that's entirely correct pappy. I believe that's only if one is of the belief that the 16th Amendment to the US Constitution was not originally properly ratified in 1913. This belief has been rejected in the courts to date.
http://en.wikipedia.org/wiki/Tax_protester_constitutional_arguments#Sixteenth_Amendment_ratification_arguments
http://en.wikipedia.org/wiki/The_Law_That_Never_Was
http://www.thelawthatneverwas.com/new/home.asp
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"""The tax law is found in Title 26 of the United States Code. The requirement to file an income tax return is not voluntary and it is clearly set forth in the Internal Revenue Code (IRC) Sections 6011(a), 6012(a), et seq., and 6072(a). Our system of taxation allows taxpayers to determine the correct amount of tax and complete the appropriate forms "voluntarily" rather than have the government do it for them. However, any taxpayer whose income falls below the statutory amount, does not have to file a return..."""
http://www.irs.gov/businesses/small/article/0,,id=106509,00.html
http://www.fourmilab.ch/uscode/26usc/
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Income Tax Myths
Here are the laws that (a) impose an income tax on you, (b) require you to file an income tax return, and (c) require you to pay taxes:
http://docs.law.gwu.edu/facweb/jsiegel/Personal/taxes/JustNoLaw.htm
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| If George W bush is doing so bad why is the economy doing so good?
Posted: 3/25/2008 9:07:25 AM | bob0colo~
i think you are missing the point.
look, people who know how to make thier money work for them are going to make money regardless. housing prices are down, the stock market is down... duh... you are supposed to buy low and sell high. it's a sale! everytyhing is for sale! it's a great time to invest in real estate. property values WILL go back up again...
the other thing... many people are making money by betting against the dollar... the point being that there are other options for investors...
personally, i don't invest in the stock market. i dont know enough about investing and i wouldn't want to take that risk without really spending the time to do the research... there is a lot to know... A LOT...and it isn't something someone should just jump into without really really knowing what the F*** they are doing... just my two cents... that being said... i know plenty of people that DO...
but is it all gloom and doom? i don't think so. the economy will rebound. the biggest variable is the price of oil however...
lar | |
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| If George W bush is doing so bad why is the economy doing so good?
Posted: 3/25/2008 9:22:41 AM | bob0colo~
oh yeah... i forgot... you mentioned that W gave a tax cut during a time of war, and then you followed that comment up with a "unheard of!" (of course, you forget to mention that we were also in a recession when W first took office - but of course, THAT woulnd't have anything to do with it... of course not! )
well, i have a few additional unheards ofs for you. we have two democratic presidential candidates that are right now talking about a tax increase when it looks like we are headed into a recession. THAT is unheard of, and THAT is really stupid, and more so? THAT is irresponsible and down right evil.
another unheard of? well, under the W tax cuts for the so-called rich (by democratic definition this is called a high income earner - someone making over 75k a year...of course leaving out the fact that we DONT TAX WEALTH WE TAX INCOME! so thereby we don't really tax the rich do we, but instead sock it to the middle class and upper middle class wage slave - but i digress) the U.S. gov. took in an all time record high tax revenues. huh? ruh roh! zoiks!
funny huh? imagine that, you lower taxes, and you put more money into the economy, and presto! you get more tax revenue! gee how does THAT happen! gee mr. magic eight ball, can you tell me how?
simple... here are the basic underlying premises:
1. penalize production you get non-production.
2. reward non-production you get non-production.
3. reward production you get production.
4. penalize non-production you get production.
... THAT'S how...and when we stop penalizing people for being productive, and stop rewarding non-production... we'll finally be living in a truly just world...
lar | |
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| If George W bush is doing so bad why is the economy doing so good?
Posted: 3/25/2008 11:57:35 AM |
For all you brilliant people out there, why don't you for a hobby spend some time on the Government web site, then ask them for the law pertaining to the people of the US must pay taxes, and you will find that the tax is voluntary, and the IRS carry guns. Is that freedom.
Remember how I said it would be nice to have an economic discussion without a conspiracy nut coming out of the woodwork? The freaking income tax system is legal, we've had several threads on this exact subject. It always falls apart because when confronted with facts, conspiracy theorists fall back on strategies like....
Try this one on a cop, you cannot be prosecuted or arrested for asking a question. so when a cop pulls you over you ask him "Are you an ***hole"? Wait till after he gives you a fine. So whenever you get confronted by any authority, you ask them a question where you actually tell them to go to hell and they enjoy the trip, because they, the authorities have always "got" to answer YOUR questions. Under Common Law the government answers to you. And you live in Common Law.
Which is not constructive, and makes no ****ing sense. | |
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| If George W bush is doing so bad why is the economy doing so good?
Posted: 3/25/2008 11:59:54 AM | For all you brilliant people out there, why don't you for a hobby spend some time on the Government web site, then ask them for the law pertaining to the people of the US must pay taxes, and you will find that the tax is voluntary, and the IRS carry guns. Is that freedom.
Remember how I said it would be nice to have an economic discussion without a conspiracy nut coming out of the woodwork? The freaking income tax system is legal, we've had several threads on this exact subject. It always falls apart because when confronted with facts, conspiracy theorists fall back on strategies like....
Try this one on a cop, you cannot be prosecuted or arrested for asking a question. so when a cop pulls you over you ask him "Are you an ***hole"? Wait till after he gives you a fine. So whenever you get confronted by any authority, you ask them a question where you actually tell them to go to hell and they enjoy the trip, because they, the authorities have always "got" to answer YOUR questions. Under Common Law the government answers to you. And you live in Common Law.
Which is not constructive, and makes no ****ing sense.
Bush has no control over our economy. Our economy is doing pretty bad. Our dollar has dropped another 10% of its worth this week after the Fed cut another loan rate. For you people in the stock market, thats the reason Thursday and Friday were amazing to you. lol congrats. Truth is though our jobs are not paying more and we are living through instensive inflation. A small way to tell we are doing bad in the economy is looking at realistate. The reason homes are hard to sell now is because the banks are finding it harder to loan money. Why because in the past 8 years or so (since the war) the Fed has loaned there money to the US at an alarming rate and havent given money back to the economy. (More dollars printed {went to war}+ No raise in pay from job+ raise in cost of living=inflation) Now back to the question. Why is Bush viewed bad but our economy is so well..........Bush is viewed bad because he made the decision as commander and Chief to go to war. Why is our economy good? I dont think it is but its because of the Fed. Not Bush!
A big part of why the dollar is tanking is because of his foreign policy decisions, an expensive war that has required massive defecit budgets when combined with his tax cuts.
i think you are missing the point.
look, people who know how to make thier money work for them are going to make money regardless. housing prices are down, the stock market is down... duh... you are supposed to buy low and sell high. it's a sale! everytyhing is for sale! it's a great time to invest in real estate. property values WILL go back up again...
I don't think you're getting the point, if the vast bulk of people go into a massive financial loss because of the economy going into the tank. Who gives a **** if a few people make money? Thats like saying after a massive death toll, that it's not so bad. The vultures are happy. | |
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| If George W bush is doing so bad why is the economy doing so good?
Posted: 3/25/2008 12:08:41 PM | .
well, i have a few additional unheards ofs for you. we have two democratic presidential candidates that are right now talking about a tax increase when it looks like we are headed into a recession. THAT is unheard of, and THAT is really stupid, and more so? THAT is irresponsible and down right evil.
______________________________Larissan04
Incomes and Profits are Taxed not production.
 So Ronnie Reagan was Evil?
Largest tax inceases ever....
In A Recession .... Evil....
I remember those tax increases....
Gas tax double...
Payroll Almost double..
Income for Dollar Bill McQuire ($1.6 Billion) should be taxed at a lower rate than YOU are ???
He deserves more so he should pay less?
Estate tax too high for the Waltons?
How many family members in the 10 riches in the world??
Unless you can give some back up for all that increased revenue that came from tax cuts...... It is repeated enough.....
http://www.mydd.com/story/2006/2/13/81426/9950
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Reagan cut taxes in 1981. For the years 1981-1984, tax revenue from individual taxpayers (in billions) was 286, 298, 289 and 298. In other words, there was a total of 12 billion dollars of difference between the lowest total revenue collection and the highest point of revenue collection. It is just as easy to argue the rate from which the cuts occurred weas already to the left of the apex, indicating a tax decrease would lower revenue. After all, revenue didn't increase, did it?
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In fairness, part of the reason for the decrease in revenue was a slow economy. The US economy grew 2.5% in 1981 and -1.9% in 1982. But, the US economy grew 4.5% in 1983 (the income taxes for 1983 were collected in 1984). Yet, tax revenue increased a measly 3.1%. This bolsters the argument that tax rates were already to the left of the laffer curve's apex, largely because there was no dramatic increase in tax revenue as the laffer curve would stipulate despite a growing economy.......
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For the years 1985-1988 tax revenues increased in each year. The respective total amounts were (in billions) 335, 349, 392 and 401.... Deficit Reduction Act of 1984. This raised taxes by $18 billion per year or 0.4 percent of GDP. A similar sized tax increase today would be about $44 billion.
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The Consolidated Omnibus Budget Reconciliation Act of 1985 raised taxes yet again. Even the Tax Reform Act of 1986, which was designed to be revenue-neutral, contained a net tax increase in its first two years. And the Omnibus Budget Reconciliation Act of 1987 raised taxes still more........
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For each year between 1985 and 1988, tax revenue increased from 334.5 billion to 401.2 billion - an increase of 20%. But for each of those years when tax revenue increased, there was also a legislative tax increase of one kind or another.............
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Bush II cut taxes twice - once in 2001 and once in 2003 (the RWNM has started to only talk about Bush 2003 cuts, conveniently forgetting the first). Tax revenue from individual tax payers was 994 trillion in 2001 and 927 billion in 2005 - a 6.7% decrease. Some of this stagnation is from weak economic growth. US GDP grew 1.6% in 2002. However, the economy grew 2.7% in 2002, 4.2% in 2003 and 3.5% in 2005. Starting in the second quarter of 2004, the economy grew at better than 3% for 10 quarters. Yet, from 2003 - 2004, tax revenue from individual taxpayers increased from 797 billion to 809 billion.
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Even comparing the growth in tax revenue from individual taxpayers over a longer time frame does not help Bush's overall figure. Going back 9 years (1 longer than Bush's two terms) gives Bush a 41% increase in individual taxpayer revenue (from 656 billion to 927 billion). Again, Clinton's tax increase on the rich which led to a 97% increase in revenue from individual taxpayers provided more government revenue (while still growing the economy at a healthy clip and eventually balancing his last three budgets)...........
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Conclusion
Under Reagan, the tax cuts led to stagnant government revenue from individual taxpayers. It wasn't until he started raising taxes the government revenue started to increase. However, Reagan spent like a "tax and spend" liberal, increasing the debt/GDP ratio in each year of his presidency from 33% to 51%.
Under Bush II, the tax cuts led to a 6.7% decline in revenue for the first 4 years of his presidency.
====================
Bush revenue is at the lowest level as a share of the economy since 1950...
That $75K wealthy???
They would have only received 7-8% of the tax savings????
The estate tax cut was worth over 3 TRILLION over 10 years.. money not paid in taxes....
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Distribution of Tax-Cut Benefits
The benefits that the tax cuts provide to different groups vary dramatically. New data from the Tax Policy Center show the effects in 2004 of the tax cuts that have already been enacted, including the corporate and estate tax cuts, as well as the individual income tax cuts. The Tax Policy Center data show that the combined effect of the tax cuts in 2004 is as follows:
• The one-fifth of households in the middle of the income spectrum will receive an average tax cut of $647.
• The top one percent of households will receive tax cuts averaging almost $35,000 — or 54 times as much as that received on average by those in the middle of the income spectrum.
• Households with incomes above $1 million will receive tax cuts averaging about $123,600. The tax cuts for millionaires will cause their after-tax income to jump by 6.4 percent, nearly three times the percentage increase received by the middle fifth.
The overall shares of the tax cuts that are going to different households also are illuminating. The Tax Policy Center data show that:
• In 2004, the middle 20 percent of households will receive 8.9 percent of the tax cuts.
• By contrast, millionaires — totaling just 0.2 percent of U.S. households — will receive 15.3 percent of the tax cuts.[3] In other words, the small handful of millionaires will receive total tax cuts far larger than those received by the entire middle 20 percent of households.
• The tax cuts will confer more than $30 billion on the nation’s 257,000 millionaires in 2004 alone.
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| If George W bush is doing so bad why is the economy doing so good?
Posted: 3/26/2008 6:44:03 AM | Actually, the economy is controlled by a board called the Fed. Ben Bernacke is more powerful than the President on this issue. I've listened well to my economics professor. Congress and the President can make tax cuts to spur the economy a little bit, but when Oil prices are way out of control, the worst thing you could do is to continue to lower interest rates. I'm sorry to say that it is the equivalent of someone giving you a right hook (for boxing fans) and you lean into it. It actually does more damage, instead of avoiding the problem.
For the fed to print more money, only makes the dollar worth less (or worthless as I say). To lower interest rates makes more money available. If more money is out there in the money supply doesn't that make the purchase power slip away?
Economists are expert on the economy. Our President, with due respect is an Oil millionaire. The President before him (Clinton) was an Attorney. They are not experts on the economy. | |
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| If George W bush is doing so bad why is the economy doing so good?
Posted: 3/26/2008 8:24:48 AM | pappy009...
would you be speaking through this?
http://video.google.com/videoplay?docid=-1656880303867390173&q=America%3A+From+Freedom+to+Fascism&total=837&start=0&num=10&so=0&type=search&plindex=0
(Long link!)
Charles, I love when you get feisty! | |
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| If George W bush is doing so bad why is the economy doing so good?
Posted: 3/29/2008 10:54:30 AM | .
Our President, with due respect is an Oil millionaire.
=========================================
He is a Millionaire... Not Oil... Dry Holes... a Trust Fund from Railroads....
He made his money from tax payers........ The City building a Baseball stadium........ and eminent domain.
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Now GWBush wants to out source regulation and over sight of Banks..............
All that hate the Federal Reserve will love this one...........
=================================================
Bush Administration Proposes Sweeping Overhaul of Financial Industry Regulations
By VOA News
29 March 2008
The Bush administration is proposing a sweeping overhaul of the way the U.S. financial industry is regulated, giving broad new powers to the Federal Reserve - the U.S. central bank - to ensure market stability.
Treasury Secretary Henry Paulson will formally unveil the proposal on Monday.
The plan gives the Federal Reserve the power to examine the books of financial institutions that are deemed a threat to the country's overall economic stability.
The proposal also gives the Federal Reserve the power to require financial institutions to take corrective action to decrease or avoid risk.
The proposal also consolidates some of the government's regulatory agencies, which experts say failed to prevent the current subprime mortgage meltdown and credit crisis.
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| If George W bush is doing so bad why is the economy doing so good?
Posted: 3/29/2008 1:52:45 PM | Hey guy ~ I'm short 1.86 trillion dollars
must have fell out of my wallet ~ I've look in the couch
It's got me in a small pinch here ~
if you find it ~ hang on to it for me
"I don't think you're getting the point, if the vast bulk of people go into a massive financial loss because of the economy going into the tank. Who gives a **** if a few people make money? Thats like saying after a massive death toll, that it's not so bad. The vultures are happy."
; Thanks Charles ~ exactly what I was thinking ~
In the words of the great ~~ Charles Heston's ~~ ; Solent Green ~~~ is pee~ople !!!
yum ~ yum, lets eat each other up.
dar
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| If George W bush is doing so bad why is the economy doing so good?
Posted: 3/29/2008 3:48:45 PM | LMAO< you have got to be kidding us right?
let me explain something to you here real quick. The U.S. dollar is worth less than half of what the pound and the euro are.
this administration and the previous administrations have privatised us out of our infrastructure. the cooks in our military are no longer allowed to cook for our troops even in the field because contractors are doing it, for consderably more than our troops got paid to do so.
Gasoline is prised on the dollar standard, that means that the opec nations are selling oil to the EU and the UK at half price, they have decreased production because they are selling it at half price.
IF the dollar doesn't rise, and it wont, since they just cut Interest rates again, which weakens tyhe dollar, Opec will most likely, if they have any brains, switch oil to the pound or more likely the Euro, and our gas prices will more than double overnight.
you will go to bed one night ans wake up and you nive little car, you are so fond of will cost 12.00 dollars a gallon to run, how are you going to get to work? how long will you work for free? because the service Industry that runs this country wont, they will be unable to, and they will immediately need assistance and rightly so, since the greedmongers are responsible for doing this to feather their own accounts.
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