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Evaluating Obama's Tenure (Page 7)

AreYaar IF-Addictz
AreYaar
AreYaar

Joined: 28 March 2006
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Posted: 09 February 2009 at 12:33pm | IP Logged
Nups!!!! You finally showed up! Gauri was reminiscing about you a few days back only! I was saying you'll prolly show up soon enough since this is an Obama topic....LOL
 
hahaha....yeah, we deserve a medal or somethingfor being such loyal supporters....:P hahahaha
 
 


Edited by nureat01 - 09 February 2009 at 12:32pm
apux IF-Rockerz
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Posted: 09 February 2009 at 7:15pm | IP Logged
So who watched the news conference in Elkhart?
raj5000 Moderator
raj5000
raj5000

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Posts: 11737

Posted: 09 February 2009 at 8:05pm | IP Logged
Originally posted by apux

So who watched the news conference in Elkhart?
 
 1. Not a very impressive conference as far as the questions posed (baring 2-3 questions) and responses. IMHO. Dull answers some of which took more time then required, stretching arguments for no reason.

 

2. There is no denying the fact GOVT shouldn't interfere. For literal definition of stimulus, GOVT should do its bit but other plans that are stuck to this SO CALLED stimulus, path to socialism was evident. Day is not far when GOVT. will decide what surgery one wants by passing yourself or even the doctor.

 

3. Need to act doesn't mean to jump in the well to fight against crocodiles, in real sense the current administration is cashing out this crisis. Many more point, not worth as senate passed the bill. Now just wait and watch.

return_to_hades IF-Veteran Member
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Posted: 09 February 2009 at 8:11pm | IP Logged


It's Euro-Social Time. Party on dudes!
Gauri_3 IF-Sizzlerz

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Posted: 09 February 2009 at 10:08pm | IP Logged
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Gauri_3 IF-Sizzlerz

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Posted: 09 February 2009 at 10:09pm | IP Logged
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return_to_hades IF-Veteran Member
return_to_hades
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Posted: 09 February 2009 at 10:21pm | IP Logged
Originally posted by Gauri_3

Originally posted by return_to_hades



It's Euro-Social Time. Party on dudes!


hey, I'll get back to that long post of yours one of these daysLOL  Ek nanhi si jaan aur itney kaamCry


Thats why forget the uptight capitalist white collar with choking tie elitist party sipping on wine. Get down with the socialists with some Russian vodka. ??? ?????
chal_phek_mat Senior Member
chal_phek_mat
chal_phek_mat

Joined: 07 March 2008
Posts: 958

Posted: 09 February 2009 at 11:52pm | IP Logged
When you are in financial trouble, you tighten up your spending, ensure you are not buying the 60 inch flat screen, the Lexus till you get out of the tough times. Look around millions of people successfully apply this approach and get themselves out of trouble. I have seen fortune 100 companies take this approach in the last few months, that is causing more and more job losses than the actual company going down like a Satyam. All the companies that failed in the last year is b'cos the market would not cover their risks, there was no Enron in this
 
What Obama and Bush before him are doing is exactly the opposite, oh let me spend, spend so money will flow through the economy and perhaps it will fix it. How about you just fix where the problem is, i.e the Credit market? If GM can borrow money on the open market, they wont lay off those thousands of workers. Not sure how much you see of the market situation  But more jobs are lost this way than the actual subprime market issue
 
 
Originally posted by return_to_hades


For the spend spend spend. Do not worry the money is not coming from the 'treasury'. It is coming from the 'reserve'. It is not your money. It is the 'reserves' money.
 
Are you kiddin me????
 
They are printing the money like it is going out of fashion with no guarantee against it. The value of the dollar is going down, Now the Chinese Yuan is costing you more, so you cost of import has gone up, That coupled with the manufacturing shutdowns the Chinese are laughing their way to the bank. To keep the COGS to go up, they are loaning the US more money, so the US is more in debt day by day. This is YOUR money, That is YOUR reserve,  sometime in the near future the Chinese would like to collect.
 
 
Originally posted by return_to_hades


It will most likely result in devaluation of the dollar, but it will initiate circulation into the economy. Republicans also would have spent money - just in a different way.
It will circulate the money into the economy, but will lose its value after a very short span, A year or two ago Bush sent a check to every household, that boosted the economy for a few months and then at another bad turn it went into the tank
 
Look everyone does this, doesnt mean it is right, If you say the other guy was wrong in creating a 1 trillion dollar deficit, that means you wont do it too. If you do it, You are a bigger scam artist the the other guy

Originally posted by return_to_hades


Now I do not 100% agree with the bill. There are aspects that are not needed, there is a lot I do not like. I disagree with welfare increases, medicaid increases as well as the expenditure on the analog to digital switch. However, 80% of the bill makes sense. We cannot really predict outcomes, the best thing we can do is take a chance and let what we know will work fix it.

I dont agree with about 90% of this bill at this given time. The only thing I like in it is the increase in credit for homebuyer, that's gonna give people the incentive to buy.


Edited by chal_phek_mat - 09 February 2009 at 11:54pm

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