olyclimber Posted September 5, 2008 Posted September 5, 2008 http://www.msnbc.msn.com/id/26545820/ who is this Greenspan fellow? Clearly he is unamerican. Quote
KaskadskyjKozak Posted September 5, 2008 Posted September 5, 2008 http://www.msnbc.msn.com/id/26545820/ who is this Greenspan fellow? Clearly he is unamerican. "A self-described libertarian Republican, Greenspan has a reputation for being wary of giving the government extra powers." Sounds like a perfect American to me. I'll bet he's opposed to Obama's health care plan too. Which would further his credibility as a real American. Quote
olyclimber Posted September 5, 2008 Author Posted September 5, 2008 I think the current administration (gasp...Republican!!!!) *has* been using the magick piggy bank. Go ahead and ask me who the last fiscally sound administration was! You know...the one that didn't use the magick piggy bank? Quote
KaskadskyjKozak Posted September 5, 2008 Posted September 5, 2008 I think the current administration (gasp...Republican!!!!) *has* been using the magick piggy bank. Go ahead and ask me who the last fiscally sound administration was! You know...the one that didn't use the magick piggy bank? Oh, you mean the guy who jacked up taxes? The guy who considered you and I his magic piggy bank? Obama thinks the same way. Quote
olyclimber Posted September 5, 2008 Author Posted September 5, 2008 You might want to read up on what Greenspan is calling the Magic Piggy Bank. Quote
olyclimber Posted September 5, 2008 Author Posted September 5, 2008 But not to worry...you won't be paying for these bailouts...just your kids and your grandkids... Quote
Tokogirl Posted September 5, 2008 Posted September 5, 2008 But not to worry...you won't be paying for these bailouts...just your kids and your grandkids... Ah, passing our "wealth" to future generations! Quote
KaskadskyjKozak Posted September 5, 2008 Posted September 5, 2008 But not to worry...you won't be paying for these bailouts...just your kids and your grandkids... Ah, passing our "wealth" to future generations! Yeah, vote for Obama - so he can spend even MORE of our kids' money, while f-ing up the rest of the country. Quote
olyclimber Posted September 5, 2008 Author Posted September 5, 2008 But not to worry...you won't be paying for these bailouts...just your kids and your grandkids... Ah, passing our "wealth" to future generations! Yeah, vote for Obama - so he can spend even MORE of our kids' money, while f-ing up the rest of the country. why gamble on Obama...go with the party GUARANTEED to fuck shit up. You know...the party that is going to restore honor and dignity to the Whitehouse? Quote
Tokogirl Posted September 5, 2008 Posted September 5, 2008 But not to worry...you won't be paying for these bailouts...just your kids and your grandkids... Ah, passing our "wealth" to future generations! Yeah, vote for Obama - so he can spend even MORE of our kids' money, while f-ing up the rest of the country. why gamble on Obama...go with the party GUARANTEED to fuck shit up. You know...the party that is going to restore honor and dignity to the Whitehouse? Guess if you have alot of $$ invested in oil stocks for your kid's college fund then you'll be "looking good". Quote
RJRiha Posted September 5, 2008 Posted September 5, 2008 But not to worry...you won't be paying for these bailouts...just your kids and your grandkids... Ah, passing our "wealth" to future generations! Yeah, vote for Obama - so he can spend even MORE of our kids' money, while f-ing up the rest of the country. I hope Obama gets elected as well as many more democratic congressman and senators. The republican party is no longer the party of small government as the 6 years of government rule proved. They had the opportunity to drastically reduce the size of the government, but instead presided over the largest growth of government since LBJ. If we keep electing these big government, borrow-and-spend republicans, there WILL BE NO major party to support small government, fiscal responsibility, low taxes, etc. And when it comes to taxes, the republicans have shown themselves to be devils in disguise. When we spend more than we take in, we have two options to pay for it: pass it on to a future administration to collect at higher cost (due to interest), or inflate the money supply. GWB and his "conservative" congress have primarily chosen option 2....take a look at a graph of dollar vs. gold, or dollar vs. euro, or dollar vs. canadian dollar to see this. This is taxation at its worst, and that's exactly what it is...a TAX on the entire existing money supply. Probably the largest tax increase in American history. So throw the bums out and maybe....just MAYBE, in 2012, the conservative outrage to Obama's policies will breed a new set of true conservatives who believe in small government, low SPENDING, fiscal responsibility (only spend what you bring in), and FINALLY stopping the growth of and starting to pay off this out of control national debt (which is $4 trillion higher under GWB). Quote
akhalteke Posted September 5, 2008 Posted September 5, 2008 Amazing how those stats instantly change upon a republicans' election. I wouldn't think that economic policies were that quick to implement. Or could it be that the errs of their predecessors were ironed out by those that followed? All conjecture I am afraid. Quote
mkporwit Posted September 5, 2008 Posted September 5, 2008 (edited) Given that this just shows national debt versus GNP, it is no wonder that the inflections in the graph coincide so accurately with administration changes. Government spending is measured right away and adjusted very quickly, unlike slow-acting economic policies such as rate changes. Edited September 5, 2008 by mkporwit Quote
STP Posted September 6, 2008 Posted September 6, 2008 Ha ha, that title link funny. That coming from Mr. "Bubbles" Greenspan. What does he mean when referring to "one of those rare, once in a century or half-century events." Hmm...should the Central Bank tighten or loosen the money supply? rC720Cl3N-0 Quote
tvashtarkatena Posted September 7, 2008 Posted September 7, 2008 But not to worry...you won't be paying for these bailouts...just your kids and your grandkids... Ah, passing our "wealth" to future generations! Yeah, vote for Obama - so he can spend even MORE of our kids' money, while f-ing up the rest of the country. Ask your kids about where they got all that money. Parents: The Anti-Drug. Quote
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