I mean, paying for sex is a luxury, right? And people are cutting back on luxuries, so does that include paying hookers? Or is sex a necessity, to make guys feel better about being broke?
I'm asking because I live on a street in Melbourne Australia that usually has prostitutes on every corner, but now.... they've almost all gone. Do you think its because of the credit crunch? Or what?Has the global financial crisis affected prostitution?Maybe they are targeting different areas now.....eg they have moved in closer towards the cash in the city.Has the global financial crisis affected prostitution?very interesting! id like to know too!
Monday, January 30, 2012
Popularity quiz: If the beast showed up today and said he had the solution to our world financial crisis?
Would evrybody be willing to recieve a little mark on their forehead so that they could continue to be in the group that gets to use money?Popularity quiz: If the beast showed up today and said he had the solution to our world financial crisis?The beast is here already.
It is simply man without God, man who has thrown off God.
The Bible uses animals to illustrate the character of men and of nations. The beast, the wild beast is sent in opposition to the Lamb of God.
The marks are evident already.
Who have you been listening to?
Besides, controlling or eliminating greed and dishonesty would solve all financial problems instantly. Therein lies the corruption of the beasts in government.
Can you not see that the Emperor has no clothes on?
Is this not a case of the Emperor's new clothes?Popularity quiz: If the beast showed up today and said he had the solution to our world financial crisis?
Many have the mark you just can't see it unless the spirit is willing! It's a unholy baptism reiceived by going throgh the secret ceremony performed through transcendental meditation assited with witchcraft. Spiritual stamp 666!!! They are spiritual brothers of the unholy trinity!Popularity quiz: If the beast showed up today and said he had the solution to our world financial crisis?I won't be here at that point. Jesus will come for his own prior to the mark.
If by chance I misunderstand that scripture and am here, I will not take any mark that is related to buying and selling. I guess we'll have to learn to live off the land like early settlers did.Popularity quiz: If the beast showed up today and said he had the solution to our world financial crisis?
Of course not.
i know you are very religious but do you really think if the deity of Satan was that powerful, he would still have to go around with a tattoo gun tattooing everyones forehead. Just in case he forgets or something?Popularity quiz: If the beast showed up today and said he had the solution to our world financial crisis?no. i would never get a tattoo on my forehead.
ps: there's no "beast"Popularity quiz: If the beast showed up today and said he had the solution to our world financial crisis?
Wow, you have a nice, cleanly-washed brain. Me likey.
Nope.
Although I don't ever need to worry about that because "The Beast" is not real.
It is simply man without God, man who has thrown off God.
The Bible uses animals to illustrate the character of men and of nations. The beast, the wild beast is sent in opposition to the Lamb of God.
The marks are evident already.
Who have you been listening to?
Besides, controlling or eliminating greed and dishonesty would solve all financial problems instantly. Therein lies the corruption of the beasts in government.
Can you not see that the Emperor has no clothes on?
Is this not a case of the Emperor's new clothes?Popularity quiz: If the beast showed up today and said he had the solution to our world financial crisis?
Many have the mark you just can't see it unless the spirit is willing! It's a unholy baptism reiceived by going throgh the secret ceremony performed through transcendental meditation assited with witchcraft. Spiritual stamp 666!!! They are spiritual brothers of the unholy trinity!Popularity quiz: If the beast showed up today and said he had the solution to our world financial crisis?I won't be here at that point. Jesus will come for his own prior to the mark.
If by chance I misunderstand that scripture and am here, I will not take any mark that is related to buying and selling. I guess we'll have to learn to live off the land like early settlers did.Popularity quiz: If the beast showed up today and said he had the solution to our world financial crisis?
Of course not.
i know you are very religious but do you really think if the deity of Satan was that powerful, he would still have to go around with a tattoo gun tattooing everyones forehead. Just in case he forgets or something?Popularity quiz: If the beast showed up today and said he had the solution to our world financial crisis?no. i would never get a tattoo on my forehead.
ps: there's no "beast"Popularity quiz: If the beast showed up today and said he had the solution to our world financial crisis?
Wow, you have a nice, cleanly-washed brain. Me likey.
Nope.
Although I don't ever need to worry about that because "The Beast" is not real.
Is now really the time for divisions in politics, while the whole world melts down due to financial crisis?
To be practical, would to be unite and do something, rather than squabble about petty party differences, and complain that they don't think like I do. Wouldn't it be much better overall to erm, actually forget these pointless feuds, least until whole world more stable financially wise?
Because doesn't matter who's to blame, both sides effected, maybe it's time to remember that, rather just point fingers?Is now really the time for divisions in politics, while the whole world melts down due to financial crisis?It's a hard question for me to answer, because we don't really follow politics where I live. There are no enforceable laws either. Siberia is the last wilderness on earth, totally unspoilt.
I think the Wests problem is caused by believing what politicians say they are going to do. All of them tell you exactly what you want to hear to get your vote, then do the complete opposite. I think you need to demand that you have a real democracy instead of the rotating head of the dictatorship you think is democracy.
It would be easy to set up with the internet. If online banking is safe, then so is sending things to vote on and the return vote.
Practicing Shaman.... quantum physics rocksIs now really the time for divisions in politics, while the whole world melts down due to financial crisis?
Its always time for divisiveness because we aren't all for the same things.
I'll tell you what. You adopt my vision of all things, and we can be united.
So, get on board. Why are you dragging your feet?Is now really the time for divisions in politics, while the whole world melts down due to financial crisis?Republicans will always cut off their nose to spite their face.Is now really the time for divisions in politics, while the whole world melts down due to financial crisis?
T'is as good a time as any other to make clear right wing ideology is neither common sense nor a consensus.
Since we are kind of fed up with conservative economics and social ideology, it's not the sort of recipe we want from getting out of the meltdown.Is now really the time for divisions in politics, while the whole world melts down due to financial crisis?Karl shows why there can be no compromise. He would approve of any amount of aid, bailout, money printing or debt issuance the liberal government wanted while others disagree with it. With two sides fundamentally opposed to the actions of the other there can be no compromise. With the Dem. majority they can co almost anything they can get their own factions to agree on. If it doesn't work power will shift in the next election.
Because doesn't matter who's to blame, both sides effected, maybe it's time to remember that, rather just point fingers?Is now really the time for divisions in politics, while the whole world melts down due to financial crisis?It's a hard question for me to answer, because we don't really follow politics where I live. There are no enforceable laws either. Siberia is the last wilderness on earth, totally unspoilt.
I think the Wests problem is caused by believing what politicians say they are going to do. All of them tell you exactly what you want to hear to get your vote, then do the complete opposite. I think you need to demand that you have a real democracy instead of the rotating head of the dictatorship you think is democracy.
It would be easy to set up with the internet. If online banking is safe, then so is sending things to vote on and the return vote.
Practicing Shaman.... quantum physics rocksIs now really the time for divisions in politics, while the whole world melts down due to financial crisis?
Its always time for divisiveness because we aren't all for the same things.
I'll tell you what. You adopt my vision of all things, and we can be united.
So, get on board. Why are you dragging your feet?Is now really the time for divisions in politics, while the whole world melts down due to financial crisis?Republicans will always cut off their nose to spite their face.Is now really the time for divisions in politics, while the whole world melts down due to financial crisis?
T'is as good a time as any other to make clear right wing ideology is neither common sense nor a consensus.
Since we are kind of fed up with conservative economics and social ideology, it's not the sort of recipe we want from getting out of the meltdown.Is now really the time for divisions in politics, while the whole world melts down due to financial crisis?Karl shows why there can be no compromise. He would approve of any amount of aid, bailout, money printing or debt issuance the liberal government wanted while others disagree with it. With two sides fundamentally opposed to the actions of the other there can be no compromise. With the Dem. majority they can co almost anything they can get their own factions to agree on. If it doesn't work power will shift in the next election.
How does the financial crisis affect me? I have heaps of credit card debt, no savings and do not own a home?
You may see the interest rate on your credit cards go up if you don't stay current. Also, if you currently don't own a home, the current credit crisis will make it more difficult to own one in the future if you decide to. How does the financial crisis affect me? I have heaps of credit card debt, no savings and do not own a home?You may be seeing the credit card companies either A) stop bothering with small debt or B) really start going after it.
aside from that...eh. I would recommend that you start saving.How does the financial crisis affect me? I have heaps of credit card debt, no savings and do not own a home?It will affect your Credit Cards.
Start paying them down as fast as you can.
That means make more than the minimum payment.
Chances are your Credit Card Companies are raising your interest rates and lowering your available line of credit at the same time.
Which means you will pay more in interest and it is very likely that one day you will find a letter in the mail from your Credit Card Companies informing you that your Limit has been lowered.
The card that used to have a $4000 limit now only has a $2000 limit and if you were near that limit then immediately they will find a good reason to charge you more in interest because you are close to maxing out the card and have become a higher credit risk.
Other than that... no problem... you don't own a house and you can't lose your savings to a bank failure since you don't have any.
(I am talking about savings that exceed $250,000 in an account...)
Please... do yourself a favor and cut up the credit cards and start reducing your credit card debt. You will be so much better off without the monthly payment to Visa and MasterCard that takes all of your extra money after you pay the rent and utilities...How does the financial crisis affect me? I have heaps of credit card debt, no savings and do not own a home?Congratulations.
aside from that...eh. I would recommend that you start saving.How does the financial crisis affect me? I have heaps of credit card debt, no savings and do not own a home?It will affect your Credit Cards.
Start paying them down as fast as you can.
That means make more than the minimum payment.
Chances are your Credit Card Companies are raising your interest rates and lowering your available line of credit at the same time.
Which means you will pay more in interest and it is very likely that one day you will find a letter in the mail from your Credit Card Companies informing you that your Limit has been lowered.
The card that used to have a $4000 limit now only has a $2000 limit and if you were near that limit then immediately they will find a good reason to charge you more in interest because you are close to maxing out the card and have become a higher credit risk.
Other than that... no problem... you don't own a house and you can't lose your savings to a bank failure since you don't have any.
(I am talking about savings that exceed $250,000 in an account...)
Please... do yourself a favor and cut up the credit cards and start reducing your credit card debt. You will be so much better off without the monthly payment to Visa and MasterCard that takes all of your extra money after you pay the rent and utilities...How does the financial crisis affect me? I have heaps of credit card debt, no savings and do not own a home?Congratulations.
What are the threats for India in the current financial crisis?
There are “strong fundamentals” built up in the Indian Economy, and hence the impact of the recession in USA, will have minimal Impact in India.
The threats to its economy emanates from dwindling outsourcing in the IT sector, Industrial growth will falter,Inflation will rise and there will br depletion of foreign reserves.What are the threats for India in the current financial crisis?unemployment is the scariest threat...
other like low GDP, infrastructure slow down, lower export, loss of BPO jobs etcWhat are the threats for India in the current financial crisis?Do you mean their outsourcing? I hope they go belly up!edelbrock flyff
The threats to its economy emanates from dwindling outsourcing in the IT sector, Industrial growth will falter,Inflation will rise and there will br depletion of foreign reserves.What are the threats for India in the current financial crisis?unemployment is the scariest threat...
other like low GDP, infrastructure slow down, lower export, loss of BPO jobs etcWhat are the threats for India in the current financial crisis?Do you mean their outsourcing? I hope they go belly up!
Why do Conservatives keep trying to blame the USA financial crisis on Obama?
Disingenuous much?Why do Conservatives keep trying to blame the USA financial crisis on Obama?The party of personal responsibility never actually takes any.Why do Conservatives keep trying to blame the USA financial crisis on Obama?
Look at the whole picture.
Wars are temporary.
Global warming is BS
Health Care is a permanent drain
Cap and Trade is a nonsensical con
We can recover from Bush's expenditure on the war.
Our grandchildren will still be enslaved by the current administration's fiasco's.
Currently that is President Obama
Ever notice how often he says I want or me rather than the people support or call for, if he was just trying to do the business of state maybe he would be better off. He should have explained that the change he was going for was to "throw out " the constitution and personal freedoms.Why do Conservatives keep trying to blame the USA financial crisis on Obama?I never blamed it on Obama but he has made it worse with his out of control spending and printing money like it's going out of style.
The financial crisis is rooted in the housing crash which was set in motion when the Democrats insisted on giving people sub prime mortgages. Chris Dodd and Barney Frank should be in jail.
We're not. The collapse last year was due to congress allowing mortgaged backed securities. They also demanded banks make high risk loans. Most of the blame for these rule changes are on Barney Frank and Chris Dodd.
We educated enough not to blame him for that. He is however to be blamed for that pork laden mmonstrositycalled the stimulus bill. Not that he read it, so maybe he should be blamed for that either. Oh, wait, he signed it and put us in dept for yet another trillion.
But the crash last Oct. we don't blame him for.Why do Conservatives keep trying to blame the USA financial crisis on Obama?I certainly don't try to blame the USA financial crisis on 0bama....Americans are to blame....because we Americans have that "gotta have it now" mentality....we spent money that we didn't have...on things we didn't need....to impress people we don't necessarily like...Why do Conservatives keep trying to blame the USA financial crisis on Obama?
I blame it mostly on the do-nothing Democratic controlled Congress who sat on their hands for two years watching things slide into the crapper and not doing anything about it.
Congress is where budgets and spending happens. Blame them.
They're still under this misguided notion that when republican presidents are in the pockets of big business it's a good thing but when the liberals are it's bad.
"Making money is only bad if it's bad in retrospect" - Some republican.Why do Conservatives keep trying to blame the USA financial crisis on Obama?
They blame him for all their failures.
These are the people who complain endlessly about their taxes going to illegals when they aren't actually paying any taxes. See Joe the Plumber for more details.
They don't, you are confused. They do blame it in large part on the democrats in congress and with good reason.
The additional unemployed can be laid at his feet though.
agreed, no matter who was elected, they'd accuse the dem president of being at fault. Had hillary won, the right would have been making stupid sexist remarks/questions about her instead of the racial crap about obama.
They are miserable failures and have always blame others for their own pathetic failures. They still blame Carter and Clinton for things that happened during the Bush error (I mean era).
Let's see....you quadrupled the national deficit in 8 months. How is that Conservative's fault?
Because his tampering, borrowing and spending has only made it worse.
It has become their standard Modus operandi of blame and ignore the facts.
Obama is to blame for debt since January 21st 2009
He sure hasn't helped any, infact in many ways made it worse. But, hey, if your glad rich white bankers made a killing at our expense, you go boy.
He has made it three times worse in a few months than Bush did in 8 yrs...who would you like to blame?
Politics.
Didn't he serve as a Senator in Bush Years? He was at least part of the Problem.
I don't he just helped to make it worse...it is called hyper inflation and it is coming to a town near year....
Awww. Whine much?
he is in charge now....it is his baby
Politics. They are well aware that the financial crisis started under and was a direct result of the policies of a Republican administration. They need to shift blame to their political opposition so that they can regain political power
because he's in their cross hairs for winning the election. i hate the Cowboys the most when they beat the Redskins. I'm sure it goes something like that.
I'm thinkin', they took their stupid pills early on?
Look at the whole picture.
Wars are temporary.
Global warming is BS
Health Care is a permanent drain
Cap and Trade is a nonsensical con
We can recover from Bush's expenditure on the war.
Our grandchildren will still be enslaved by the current administration's fiasco's.
Currently that is President Obama
Ever notice how often he says I want or me rather than the people support or call for, if he was just trying to do the business of state maybe he would be better off. He should have explained that the change he was going for was to "throw out " the constitution and personal freedoms.Why do Conservatives keep trying to blame the USA financial crisis on Obama?I never blamed it on Obama but he has made it worse with his out of control spending and printing money like it's going out of style.
The financial crisis is rooted in the housing crash which was set in motion when the Democrats insisted on giving people sub prime mortgages. Chris Dodd and Barney Frank should be in jail.
We're not. The collapse last year was due to congress allowing mortgaged backed securities. They also demanded banks make high risk loans. Most of the blame for these rule changes are on Barney Frank and Chris Dodd.
We educated enough not to blame him for that. He is however to be blamed for that pork laden mmonstrositycalled the stimulus bill. Not that he read it, so maybe he should be blamed for that either. Oh, wait, he signed it and put us in dept for yet another trillion.
But the crash last Oct. we don't blame him for.Why do Conservatives keep trying to blame the USA financial crisis on Obama?I certainly don't try to blame the USA financial crisis on 0bama....Americans are to blame....because we Americans have that "gotta have it now" mentality....we spent money that we didn't have...on things we didn't need....to impress people we don't necessarily like...Why do Conservatives keep trying to blame the USA financial crisis on Obama?
I blame it mostly on the do-nothing Democratic controlled Congress who sat on their hands for two years watching things slide into the crapper and not doing anything about it.
Congress is where budgets and spending happens. Blame them.
They're still under this misguided notion that when republican presidents are in the pockets of big business it's a good thing but when the liberals are it's bad.
"Making money is only bad if it's bad in retrospect" - Some republican.Why do Conservatives keep trying to blame the USA financial crisis on Obama?
They blame him for all their failures.
These are the people who complain endlessly about their taxes going to illegals when they aren't actually paying any taxes. See Joe the Plumber for more details.
They don't, you are confused. They do blame it in large part on the democrats in congress and with good reason.
The additional unemployed can be laid at his feet though.
agreed, no matter who was elected, they'd accuse the dem president of being at fault. Had hillary won, the right would have been making stupid sexist remarks/questions about her instead of the racial crap about obama.
They are miserable failures and have always blame others for their own pathetic failures. They still blame Carter and Clinton for things that happened during the Bush error (I mean era).
Let's see....you quadrupled the national deficit in 8 months. How is that Conservative's fault?
Because his tampering, borrowing and spending has only made it worse.
It has become their standard Modus operandi of blame and ignore the facts.
Obama is to blame for debt since January 21st 2009
He sure hasn't helped any, infact in many ways made it worse. But, hey, if your glad rich white bankers made a killing at our expense, you go boy.
He has made it three times worse in a few months than Bush did in 8 yrs...who would you like to blame?
Politics.
Didn't he serve as a Senator in Bush Years? He was at least part of the Problem.
I don't he just helped to make it worse...it is called hyper inflation and it is coming to a town near year....
Awww. Whine much?
he is in charge now....it is his baby
Politics. They are well aware that the financial crisis started under and was a direct result of the policies of a Republican administration. They need to shift blame to their political opposition so that they can regain political power
because he's in their cross hairs for winning the election. i hate the Cowboys the most when they beat the Redskins. I'm sure it goes something like that.
I'm thinkin', they took their stupid pills early on?
How much was the AUS dollar to the British pound before the Financial Crisis last year?
depends exactly when you mean. back in september '08 the GBPAUD rate went mental. You're best bet is to check out www.oanda.com and look at historical rates for specific info.
In what ways is this financial crisis similar to that of the Great Depression?
The similarity is republican economics not working, and having the requirement of lying about an impoverished population and control of the population with riot police.
Capitalism is deception about ownership of companies. There are all new companies, stores, restaurants, and banks every 4 years and an average employment duration of 1 year within false economics capitalism, (that is possibly a secret homelessness-without-health insurance death camp). Remaining solvent does not actually exist within false economics capitalism.
Get rich quick schemes in the capitalist business world, (buyouts, IPOs, conglomerates, acquisitions, mergers, and the stock market), do not actually work. Profit existing in the capitalist business world, or millionaires existing within capitalism, is pathological deception committed by the 21 organizations spying on the population with plain clothes agents, (with covert fake names and fake backgrounds).
Actual economics is the persons that are paying the business loans of companies voting at work in order to control the property they are paying for. The employees of companies are also paying the expenses of companies beyond the salary of the employees.
Capitalism is the psychology of imaginary parents, false economics, and the criminal deception of employees that are paying the bills (including the stocks and bonds, or shares) of companies. In what ways is this financial crisis similar to that of the Great Depression?Other than peole losing there jobs and companies ahving some financial difficultiues, there is very little that is similar. The Depression is far far worse. Democrats try to use the ignorance of the youth to over blown the recession. People wha are older know that we had far worse recessions then the one we are having now. If you notice the papers use terms like the worse in the last 10 years or 5 years. And the funny thing is when Obama picked Voclker as the head of teh economic recovery board, he was identified as the cause of the worse recession since the Depression. The problem is those who are in the 20's don't remember what a recession is and freak out over the word. What is worse, is that our education system does not teach our students why periodic recessions are good. The reason why we are in this mess is because we delayed the recession too long. as for the causes, the Depression is stated to be caused by restricting trade. This is an over simplified statment, and for something as complex as the depression, there is many other causes that went in to it. Our current situation is partly due to globilzation of world trade, the opposite of what caused the depression. Yeah yeah yea, part of the reason is the housing bubble, but remeber last year Northern Rock needed a bail out from England because it's investment in US Real Estate. Because money flow so easily from country to country, this recession became global. In what ways is this financial crisis similar to that of the Great Depression?the federal reserve caused both,with the aid of democrats they stole more wealth from the american people. very similar in many aspects,but most don't know the role the federal reserve played in the depression In what ways is this financial crisis similar to that of the Great Depression?This *crisis* and the great depression were both orchestrated by the same entity. In what ways is this financial crisis similar to that of the Great Depression?
They are trying to apply the same solutions that were tried back then. Liberals never learn from their mistakes.
Capitalism is deception about ownership of companies. There are all new companies, stores, restaurants, and banks every 4 years and an average employment duration of 1 year within false economics capitalism, (that is possibly a secret homelessness-without-health insurance death camp). Remaining solvent does not actually exist within false economics capitalism.
Get rich quick schemes in the capitalist business world, (buyouts, IPOs, conglomerates, acquisitions, mergers, and the stock market), do not actually work. Profit existing in the capitalist business world, or millionaires existing within capitalism, is pathological deception committed by the 21 organizations spying on the population with plain clothes agents, (with covert fake names and fake backgrounds).
Actual economics is the persons that are paying the business loans of companies voting at work in order to control the property they are paying for. The employees of companies are also paying the expenses of companies beyond the salary of the employees.
Capitalism is the psychology of imaginary parents, false economics, and the criminal deception of employees that are paying the bills (including the stocks and bonds, or shares) of companies. In what ways is this financial crisis similar to that of the Great Depression?Other than peole losing there jobs and companies ahving some financial difficultiues, there is very little that is similar. The Depression is far far worse. Democrats try to use the ignorance of the youth to over blown the recession. People wha are older know that we had far worse recessions then the one we are having now. If you notice the papers use terms like the worse in the last 10 years or 5 years. And the funny thing is when Obama picked Voclker as the head of teh economic recovery board, he was identified as the cause of the worse recession since the Depression. The problem is those who are in the 20's don't remember what a recession is and freak out over the word. What is worse, is that our education system does not teach our students why periodic recessions are good. The reason why we are in this mess is because we delayed the recession too long. as for the causes, the Depression is stated to be caused by restricting trade. This is an over simplified statment, and for something as complex as the depression, there is many other causes that went in to it. Our current situation is partly due to globilzation of world trade, the opposite of what caused the depression. Yeah yeah yea, part of the reason is the housing bubble, but remeber last year Northern Rock needed a bail out from England because it's investment in US Real Estate. Because money flow so easily from country to country, this recession became global. In what ways is this financial crisis similar to that of the Great Depression?the federal reserve caused both,with the aid of democrats they stole more wealth from the american people. very similar in many aspects,but most don't know the role the federal reserve played in the depression In what ways is this financial crisis similar to that of the Great Depression?This *crisis* and the great depression were both orchestrated by the same entity. In what ways is this financial crisis similar to that of the Great Depression?
They are trying to apply the same solutions that were tried back then. Liberals never learn from their mistakes.
How Obama Government resolving the financial crisis of USA?
Well we got into this mess by borrowing and spending too much, and going into debt.
So obviously the way out is borrow more, spend more, go further into debt. Makes perfect sense.How Obama Government resolving the financial crisis of USA?He's not. Obama is making it WORSE every day.
The financial situation was bad but Obama and the Democratic Congress have now turned it into a crisis and are about to make it a catastrophe.
Nothing will get better until the credit markets stabilize.
That will not happen as long as Obama continues to insist on raising taxes on business and the investor class that creates jobs.
Also as long as there is ANY chance of his nationalizing banks.
Or of changing the terms of loans.
The complete lack of faith of investors in Obama and the Democrats is the problem.
The so-called "stimulus" plan sucked ALL the money out of the private sector.
There is NO money left to stimulate the economy, create permanent jobs, and get America going again.
The government can NOT spend its way out of a recession.
A government SPENDS its way into DEBT and inflation.How Obama Government resolving the financial crisis of USA?
The President is trying to help stimulate the economy by helping just about everyone in need. I don't know if it is going to work, but America can not sit back and do nothing or not offer any other solutions. Americans need to get on board and give the stimulus package a try. If you don't need help, please don't take it like in the past. Americans must leave greed, selfishness and their egos behind and help America, and possibly the world.How Obama Government resolving the financial crisis of USA?By giving money to the people who were irresponsible or outright thieves. Also by draining dollar of all its value, only then can we be saved by the false prophet, the north american union. It's my opinion that if we recognize the faults in the political and monetary systems, we may be able to save our sovereignty but for that to happen we would require leadership that cares more about its citizens than their own interests. When you set up a political system that puts so much emphasis on wealth, you can expect corruption and greed.Absolute power corrupts absolutely!How Obama Government resolving the financial crisis of USA?
I remembered that before Obama did the stimulus plan and before getting elected I saw on the news he was talking to Bush. I don't know what but it was caught on camera it wasn't a speech or conference but just pictures of Obama walking with Bush into the White House.
So, I hope this will pass by good.How Obama Government resolving the financial crisis of USA?through money at the problem it'll go away, I like the money that goes to the Condom plants for making condoms I get to have sex more oftenHow Obama Government resolving the financial crisis of USA?
THEIR NOT
So obviously the way out is borrow more, spend more, go further into debt. Makes perfect sense.How Obama Government resolving the financial crisis of USA?He's not. Obama is making it WORSE every day.
The financial situation was bad but Obama and the Democratic Congress have now turned it into a crisis and are about to make it a catastrophe.
Nothing will get better until the credit markets stabilize.
That will not happen as long as Obama continues to insist on raising taxes on business and the investor class that creates jobs.
Also as long as there is ANY chance of his nationalizing banks.
Or of changing the terms of loans.
The complete lack of faith of investors in Obama and the Democrats is the problem.
The so-called "stimulus" plan sucked ALL the money out of the private sector.
There is NO money left to stimulate the economy, create permanent jobs, and get America going again.
The government can NOT spend its way out of a recession.
A government SPENDS its way into DEBT and inflation.How Obama Government resolving the financial crisis of USA?
The President is trying to help stimulate the economy by helping just about everyone in need. I don't know if it is going to work, but America can not sit back and do nothing or not offer any other solutions. Americans need to get on board and give the stimulus package a try. If you don't need help, please don't take it like in the past. Americans must leave greed, selfishness and their egos behind and help America, and possibly the world.How Obama Government resolving the financial crisis of USA?By giving money to the people who were irresponsible or outright thieves. Also by draining dollar of all its value, only then can we be saved by the false prophet, the north american union. It's my opinion that if we recognize the faults in the political and monetary systems, we may be able to save our sovereignty but for that to happen we would require leadership that cares more about its citizens than their own interests. When you set up a political system that puts so much emphasis on wealth, you can expect corruption and greed.Absolute power corrupts absolutely!How Obama Government resolving the financial crisis of USA?
I remembered that before Obama did the stimulus plan and before getting elected I saw on the news he was talking to Bush. I don't know what but it was caught on camera it wasn't a speech or conference but just pictures of Obama walking with Bush into the White House.
So, I hope this will pass by good.How Obama Government resolving the financial crisis of USA?through money at the problem it'll go away, I like the money that goes to the Condom plants for making condoms I get to have sex more oftenHow Obama Government resolving the financial crisis of USA?
THEIR NOT
What should i do in this financial crisis?
I am in first year engineering and nowadays there is tension in my dad's office and my dad's job could be axed any day...so there is a lot of tension in my house and its affecting my studies as i am not able to concentrate on my studies.........please advice me how should i deal with this issue and along with it how should i work towards my own future in this crisis i.e. how should i study so that i do well in engg as well as my career after that.......thank uWhat should i do in this financial crisis?Just concentrate on your studies well. Just think always study study and study don't worry about the financial crisis it will automatically change. Just concentrate on your studies and try to make it ant try to get the job in the campus Interview. If you start worrying a lot it will have the toll on both your studies as well as in your future.What should i do in this financial crisis?tell your dad to man up. and also make sure you tell your dad to take it easy cuz he has a family to think about.What should i do in this financial crisis?There are a lot of opportunities in the home repo business. What should i do in this financial crisis?
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What happens if the world runs out of money due to the financial crisis?
The world will never run out of money as long as people feel the need for money to exist. These days there is not a fixed supply of money, if any central banker anywhere in the world feels the need for more money, he or she can simply push a button to create a balance of the desired size. Money is not a scarce commodity like salt or copper tubing that one day we will run out of if we use too much.What happens if the world runs out of money due to the financial crisis?the world falls apartWhat happens if the world runs out of money due to the financial crisis?We find a modern-day Robin HoodWhat happens if the world runs out of money due to the financial crisis?stupid question it wont happen
Is there any countries who will shoot another financial crisis besides Dubai ?
China has come to mind.
They have picked up some of our habits of borrowing to death.
Lets see how this all turns out.
/Is there any countries who will shoot another financial crisis besides Dubai ?Any financial centre in the world. We need to watch and see.
They have picked up some of our habits of borrowing to death.
Lets see how this all turns out.
/Is there any countries who will shoot another financial crisis besides Dubai ?Any financial centre in the world. We need to watch and see.
Is the financial crisis to scare us into accepting or moving toward a one world agenda.?
are we being manipulated into recieving a one world banking system/government that i feel most americans would nevr vote for if given the chance?Is the financial crisis to scare us into accepting or moving toward a one world agenda.?Absolutely my belief. When I saw Pres. Bush on tv declaring the need for the bailout to avert impending financial doom, he looked gray. I think he was being seriously black-mailed (for lack of a better word) to do this.
The only reason I cannot make him the bad guy completely, is that when he met with world leaders at the last summit, they asked for a universal currency and he turned it down. China has also asked for a universal currency.
But I disagree with you on your last point. I think Americans did vote for it when they elected Obama.Is the financial crisis to scare us into accepting or moving toward a one world agenda.?
It's possible.Is the financial crisis to scare us into accepting or moving toward a one world agenda.?The financial crisis is the ultimate result of lax regulation of the financial industries in the U.S.
Americans vote for what our financial laws through our Congress and who we pick to head our Executive branch. It's called a Republic.Is the financial crisis to scare us into accepting or moving toward a one world agenda.?
I DO believe we are being manipulated. I just read an interesting article about the Amero coming to be by 2010/2012 sine the Denver mint has already produced the said Amero and our Government has in fact sold this Amero to China. So yes, if this article is true, we have been manipulated, lied to and the list goes on.
Sorry, I tried to supply the link to said article, but it did not work.Is the financial crisis to scare us into accepting or moving toward a one world agenda.?I don't think this is some master plan at work. It's a combination of many negatives slamming the world economy causing a terrible downward spiral. It will end sooner or later, it has to.Is the financial crisis to scare us into accepting or moving toward a one world agenda.?
Get with it... we already have a one world banking/government system... the US joined it in 1913... with the creation of the federal reserve, and the creation of personal income tax a little later... first time we had a financial meltdown (for the same reason, unregulated sale of derivatives) we borrowed money from European bankers/financiers/investors and they have been shaping our and the worlds financial policy since... the same few people... own everything and will keep it that way... Obama cant change that, Bush cant change that and it is why he groveled for a bailout for all his "investor" pals on the stock market but is not willing to do the same for GM and working class people that will lose their jobs... all politicians and all all citizens will do anything they are told because big banking/corporations actually run the world and make the laws, and give you jobs, and run your schools... wake up.
What is wrong with one world government? What is wrong with one world banking?
Maybe a one world law would require us to finally get universal health care.
But, crisis makes people make stupid decisions: Patriot act, Iraq war, premature bailout, etc.
The only reason I cannot make him the bad guy completely, is that when he met with world leaders at the last summit, they asked for a universal currency and he turned it down. China has also asked for a universal currency.
But I disagree with you on your last point. I think Americans did vote for it when they elected Obama.Is the financial crisis to scare us into accepting or moving toward a one world agenda.?
It's possible.Is the financial crisis to scare us into accepting or moving toward a one world agenda.?The financial crisis is the ultimate result of lax regulation of the financial industries in the U.S.
Americans vote for what our financial laws through our Congress and who we pick to head our Executive branch. It's called a Republic.Is the financial crisis to scare us into accepting or moving toward a one world agenda.?
I DO believe we are being manipulated. I just read an interesting article about the Amero coming to be by 2010/2012 sine the Denver mint has already produced the said Amero and our Government has in fact sold this Amero to China. So yes, if this article is true, we have been manipulated, lied to and the list goes on.
Sorry, I tried to supply the link to said article, but it did not work.Is the financial crisis to scare us into accepting or moving toward a one world agenda.?I don't think this is some master plan at work. It's a combination of many negatives slamming the world economy causing a terrible downward spiral. It will end sooner or later, it has to.Is the financial crisis to scare us into accepting or moving toward a one world agenda.?
Get with it... we already have a one world banking/government system... the US joined it in 1913... with the creation of the federal reserve, and the creation of personal income tax a little later... first time we had a financial meltdown (for the same reason, unregulated sale of derivatives) we borrowed money from European bankers/financiers/investors and they have been shaping our and the worlds financial policy since... the same few people... own everything and will keep it that way... Obama cant change that, Bush cant change that and it is why he groveled for a bailout for all his "investor" pals on the stock market but is not willing to do the same for GM and working class people that will lose their jobs... all politicians and all all citizens will do anything they are told because big banking/corporations actually run the world and make the laws, and give you jobs, and run your schools... wake up.
What is wrong with one world government? What is wrong with one world banking?
Maybe a one world law would require us to finally get universal health care.
But, crisis makes people make stupid decisions: Patriot act, Iraq war, premature bailout, etc.
What are possibile solution to America's 2008 financial crisis?
What is a solution that relates to regulation?
NOT FREE MARKETWhat are possibile solution to America's 2008 financial crisis?Our chance for a solution was missed when we bailed out the banks without any regulations. Lenders now 'pick and choose' who gets loans. Banks are so large (like CitiGroup) and own other financial products. This allows them to 'abuse' a borrower for their financial gain just by changing terms of agreement. An example, if you are late for two credit card payments in one year from bank one, and you will also see an interest rate increase on your other card from bank two. Your affordable interest rate of 7% has now ballooned to 28% on all your cards. And, your credit score will affect your insurance rates, so you are really paying out the nose. And the bank, they got the bailout money and still charge outlandish fees. What are possibile solution to America's 2008 financial crisis?
We could have a "clearing house" for trades that move or make their own market . . . especially in the age of super hedge funds and sovereign wealth funds . . . the trade that took oil over 100 dollars per barrel was from one individual . . . the rallies and declines are being triggered at the beginning and end of the market . . . the volatility rarely happens mid afternoon . . . so it's obviously computer generated . . . has anyone investigated the possibility that large wealth funds are triggering these movements?What are possibile solution to America's 2008 financial crisis?We havent had a Free Market since FDR's new deal.What are possibile solution to America's 2008 financial crisis?
First!
must stabilize Housing market..aka Americas main source of wealth...your real state value, you home value!
remember, most americans wealth is by the credit they have, due to the value of their home or property and jobs.
so my solution (although not pretty) is to get 150 million out of those billions they want to give to corporations and pay off all the mortgages in the country...
...that would stop the mortgage collapse, clear the bad mortgages out of the the books of the banks and thus they could begin lending again!
just my solution!What are possibile solution to America's 2008 financial crisis?Apply tariffs to imported goods equivalent to what those countries put on our products.
NOT FREE MARKETWhat are possibile solution to America's 2008 financial crisis?Our chance for a solution was missed when we bailed out the banks without any regulations. Lenders now 'pick and choose' who gets loans. Banks are so large (like CitiGroup) and own other financial products. This allows them to 'abuse' a borrower for their financial gain just by changing terms of agreement. An example, if you are late for two credit card payments in one year from bank one, and you will also see an interest rate increase on your other card from bank two. Your affordable interest rate of 7% has now ballooned to 28% on all your cards. And, your credit score will affect your insurance rates, so you are really paying out the nose. And the bank, they got the bailout money and still charge outlandish fees. What are possibile solution to America's 2008 financial crisis?
We could have a "clearing house" for trades that move or make their own market . . . especially in the age of super hedge funds and sovereign wealth funds . . . the trade that took oil over 100 dollars per barrel was from one individual . . . the rallies and declines are being triggered at the beginning and end of the market . . . the volatility rarely happens mid afternoon . . . so it's obviously computer generated . . . has anyone investigated the possibility that large wealth funds are triggering these movements?What are possibile solution to America's 2008 financial crisis?We havent had a Free Market since FDR's new deal.What are possibile solution to America's 2008 financial crisis?
First!
must stabilize Housing market..aka Americas main source of wealth...your real state value, you home value!
remember, most americans wealth is by the credit they have, due to the value of their home or property and jobs.
so my solution (although not pretty) is to get 150 million out of those billions they want to give to corporations and pay off all the mortgages in the country...
...that would stop the mortgage collapse, clear the bad mortgages out of the the books of the banks and thus they could begin lending again!
just my solution!What are possibile solution to America's 2008 financial crisis?Apply tariffs to imported goods equivalent to what those countries put on our products.
The current financial crisis is so bad that women are know marrying for love?
Imagine !!!!!!!!!! women actually marrying for love know. agree or not?The current financial crisis is so bad that women are know marrying for love?noooooooooooooooooooooooooooo
i mean...they married for love b4 too... i know u r just teasing us all... so lolThe current financial crisis is so bad that women are know marrying for love?LMAOThe current financial crisis is so bad that women are know marrying for love?HA. I bet majority of them marry to guys that have money.The current financial crisis is so bad that women are know marrying for love?
I think you need a break from whatever you are doing. This is sadly a unnecessary question.kayaks travel trailers
i mean...they married for love b4 too... i know u r just teasing us all... so lolThe current financial crisis is so bad that women are know marrying for love?LMAOThe current financial crisis is so bad that women are know marrying for love?HA. I bet majority of them marry to guys that have money.The current financial crisis is so bad that women are know marrying for love?
I think you need a break from whatever you are doing. This is sadly a unnecessary question.
How long before multiple states go into severe financial crisis and become insolvent?
caHow long before multiple states go into severe financial crisis and become insolvent?The ones under Democrat control, will be sooner, rather than later.
Do Democrats not ever take an economics course in their lives?
Or, did they simply fall asleep, and get passed on to the NEXT grade, in school?How long before multiple states go into severe financial crisis and become insolvent?
noticed yahoo (I looked around the new/yahoo,etc,couldn't find anything) has zero news of wisconsin state legislators hiding out,instead of showin up to vote yay or nay on cancelling the collective bargaining agreement with teachers,not a word, get paid 50,000 bucks or so to show up sober or hungover to cast votes,up,down,or present,they're awol
or last weeks 400,000 new jobless.
thought rahm said 'never let a serious crisis go to waste'
the states go broke,like many taxpayers,companies,families,they cut back,shave expenses,declare chpt 11,,,,,not the teachers,uh uh,not us,we're too valuable,,oh nope nope nope nope,ainna gonna do itHow long before multiple states go into severe financial crisis and become insolvent?Many are doing so now and have battles going on over much needed cuts in their out of controll spending
Most already have, it seems funny that they beg for government bail outs but the NEA types can find money for bike paths and money to pay local artist for bike path art, alley art, and mud sculptures on the sides of elementary schools with little kids as mud slaves.How long before multiple states go into severe financial crisis and become insolvent?stockmarket analysts just said last month that multipal municipal defaults with happen in two years, thus state insolvencys will follow/fall during the third year (2014). also, keeping in mind that China is no longer lending money.How long before multiple states go into severe financial crisis and become insolvent?
What is going to be interesting, what is going to be said about Brown in California and Caumo(misspelled i know) do the same thing that Walker has done. I wonder if obama will criticize the dems like he did walker.
It will be known in very short order. Years of liberalism have failed those states horribly.How long before multiple states go into severe financial crisis and become insolvent?
It happened years ago, but nobody reported on it or paid attention to it.
Yesterday
Don't worry, Obama will come to the rescue with his stash of Obama money.
Let the games begin.
Do Democrats not ever take an economics course in their lives?
Or, did they simply fall asleep, and get passed on to the NEXT grade, in school?How long before multiple states go into severe financial crisis and become insolvent?
noticed yahoo (I looked around the new/yahoo,etc,couldn't find anything) has zero news of wisconsin state legislators hiding out,instead of showin up to vote yay or nay on cancelling the collective bargaining agreement with teachers,not a word, get paid 50,000 bucks or so to show up sober or hungover to cast votes,up,down,or present,they're awol
or last weeks 400,000 new jobless.
thought rahm said 'never let a serious crisis go to waste'
the states go broke,like many taxpayers,companies,families,they cut back,shave expenses,declare chpt 11,,,,,not the teachers,uh uh,not us,we're too valuable,,oh nope nope nope nope,ainna gonna do itHow long before multiple states go into severe financial crisis and become insolvent?Many are doing so now and have battles going on over much needed cuts in their out of controll spending
Most already have, it seems funny that they beg for government bail outs but the NEA types can find money for bike paths and money to pay local artist for bike path art, alley art, and mud sculptures on the sides of elementary schools with little kids as mud slaves.How long before multiple states go into severe financial crisis and become insolvent?stockmarket analysts just said last month that multipal municipal defaults with happen in two years, thus state insolvencys will follow/fall during the third year (2014). also, keeping in mind that China is no longer lending money.How long before multiple states go into severe financial crisis and become insolvent?
What is going to be interesting, what is going to be said about Brown in California and Caumo(misspelled i know) do the same thing that Walker has done. I wonder if obama will criticize the dems like he did walker.
It will be known in very short order. Years of liberalism have failed those states horribly.How long before multiple states go into severe financial crisis and become insolvent?
It happened years ago, but nobody reported on it or paid attention to it.
Yesterday
Don't worry, Obama will come to the rescue with his stash of Obama money.
Let the games begin.
What is your opinion on BHP Billiton and Sasol shares, with regards to the current financial crisis in the USA?
Do you think prices will drop /rise/ or remain unaffected?What is your opinion on BHP Billiton and Sasol shares, with regards to the current financial crisis in the USA?Looking at the charts for both of these stocks, you can see that they pretty much rise and fall like the rest of the market. The big question is whether the market will continue to fall or not. If so, then expect these two to follow the market down. BHP has a good chance to come down to $50, and SSL to $36. If those level holds, then they could be a good entry into them, if that is what you're interested in.
Happy Trading,
Jun
http://www.tplinvestment.com
Happy Trading,
Jun
http://www.tplinvestment.com
What can we give as our share to solve the global financial crisis?
I think humanity has reached a new level, which is perceived as "globalization" by the economists, but at our relationship level we became one big family. This trend is plain to see, even outside our window or by interconnection in the iWorld. Our attitude accepting this will tip the balance of the world.
Think about our family relations and how they should be. It's a fine point as it's not the new age 'love' kinda thing, the same way you wouldn't give money for booze to your drunken brother, but you would still be concerned about him.
What we are lacking is this "mutual concern".What can we give as our share to solve the global financial crisis?This website contains all the info you will need to know in a reader friendly way!!
http://www.newsflavor.com/Opinions/The-American-Financial-Crisis.670841
Think about our family relations and how they should be. It's a fine point as it's not the new age 'love' kinda thing, the same way you wouldn't give money for booze to your drunken brother, but you would still be concerned about him.
What we are lacking is this "mutual concern".What can we give as our share to solve the global financial crisis?This website contains all the info you will need to know in a reader friendly way!!
http://www.newsflavor.com/Opinions/The-American-Financial-Crisis.670841
Would it really be that bad if we just let the looming financial crisis just happen?
I've just read from the BBC's financial guru that "don't worry, we won't go back to living in mud huts". What's wrong with living in mud huts? That would save the world's problems in one swoop.Would it really be that bad if we just let the looming financial crisis just happen?The market should be left alone without any intervention. If you see even with the news of bailing out the economy the DOW fell 500 points and it is continue to fall. I personally predict the market will continue to drop for a while until after elections. It will take some time to recuperate but just like everything that goes up must come down, everything that goes down must come up at some point. Hey I got no issues to going back to bartering days and living the simple life. Living simple is less stressful and I think people would be a whole lot healthier than sitting there worrying about what their stocks is going to do the next day. I would like to see doctors go out of business. :)Would it really be that bad if we just let the looming financial crisis just happen?Yes you are talking about financial collapse of some of the worlds most populous countries and their respective governments which would in a domino effect result in world disorder of unpresidented magnitude. As far as living in huts the envimental damage done will far exceed the benifits of replacing modern housing, the ecological damage would be unrepairable, Sanitation, food storage and disposal not to mention what it will do to the already depressed banking system
which our enconomy and the world's economy depend upon.
which our enconomy and the world's economy depend upon.
Is cutting taxes likely to fix the financial crisis in lieu of a stimulus bill?
Hmm....isn't that what Bush did? If that would have helped...why are we where we are today?
In the history of our country...there has NEVER been tax cuts while we were at war. Yet Bush had TWO wars. Perhaps the republicans all failed their math courses.Is cutting taxes likely to fix the financial crisis in lieu of a stimulus bill?Yes...if they were to provide financial relief (in the form of tax cuts) to all the companies that employ citizens, the companies can increase their exploitation of known market opportunities, hire more people, and grow the GDP.
People motivated to earn a buck can do more than any governemnt bureacrat motivated to waste a buck. It is a scientific fact!Is cutting taxes likely to fix the financial crisis in lieu of a stimulus bill?
It cannot be determined but if history is any indicator, then the answer is that tax cuts are more likely to result in jobs and economic growth than spending is.
We have many instances of governments NOT fixing recessions by trying massive spending (U.S. in the 30's, Japan in the 90's, etc.). We also have some great examples of tax cuts getting us out of these cycles (U.S. in 1981 and 2001).
It's the small businesses in America that create jobs. No amount of wasteful govt. pork projects will create permanant, high paying jobs.
Give us small business owners a break from heavy tax burdens and we're likely to add jobs, plant, equipment, etc.Is cutting taxes likely to fix the financial crisis in lieu of a stimulus bill?Cutting taxes on Corporations is always good, look at Ireland, they cut there Corp tax to 12%(ours is 3 times that much) and their economy soared. Govt interfering with how people did business got us into this mess, I don't trust them to get us out. Give the businesses some breaks and stand back. Watch how fast WE the people can take care of ourselves.
Unlikely at this point, because tax cuts will not necessarily lead to increased demand. The poster above who states that those with more money buy more is at the moment incorrect, because we have started saving and paying down debt rather than purchasing new products and fresh entertainment.
Bottom line--Employers aren't going to hire any new workers if they don't have any customers...Is cutting taxes likely to fix the financial crisis in lieu of a stimulus bill?Yes, and Obama needs to take a good look at all the spending going on in Congress (like he said he would) and cut the programs that aren't working, which needs to be done now. Stop wasteful spending, like everyday citizens have done.Is cutting taxes likely to fix the financial crisis in lieu of a stimulus bill?
How about a six month tax holiday. The more money you have, the more you spend and help put people to work. This is a far better stimulus than robbing us of our livelihoods, and poutting us further into debt.
When is the last time you lived on your credit card without going further into the neverending black hole of no return?
Edit: We never had economic problems until the Congress of 2006!
Carmen
.
I don't know, i think the economists on both the Republican and Democratic sides would have to consult their crystal balls o n this oneIs cutting taxes likely to fix the financial crisis in lieu of a stimulus bill?
No because it's tax cuts that have partially gotten us into this mess in the first place.
no but it would help most Americans to have some tax relief during these trying times
we probably need bothe
If tax cuts are so good how come we're in this mess?channel 5 weather english to arabic translation
In the history of our country...there has NEVER been tax cuts while we were at war. Yet Bush had TWO wars. Perhaps the republicans all failed their math courses.Is cutting taxes likely to fix the financial crisis in lieu of a stimulus bill?Yes...if they were to provide financial relief (in the form of tax cuts) to all the companies that employ citizens, the companies can increase their exploitation of known market opportunities, hire more people, and grow the GDP.
People motivated to earn a buck can do more than any governemnt bureacrat motivated to waste a buck. It is a scientific fact!Is cutting taxes likely to fix the financial crisis in lieu of a stimulus bill?
It cannot be determined but if history is any indicator, then the answer is that tax cuts are more likely to result in jobs and economic growth than spending is.
We have many instances of governments NOT fixing recessions by trying massive spending (U.S. in the 30's, Japan in the 90's, etc.). We also have some great examples of tax cuts getting us out of these cycles (U.S. in 1981 and 2001).
It's the small businesses in America that create jobs. No amount of wasteful govt. pork projects will create permanant, high paying jobs.
Give us small business owners a break from heavy tax burdens and we're likely to add jobs, plant, equipment, etc.Is cutting taxes likely to fix the financial crisis in lieu of a stimulus bill?Cutting taxes on Corporations is always good, look at Ireland, they cut there Corp tax to 12%(ours is 3 times that much) and their economy soared. Govt interfering with how people did business got us into this mess, I don't trust them to get us out. Give the businesses some breaks and stand back. Watch how fast WE the people can take care of ourselves.
Unlikely at this point, because tax cuts will not necessarily lead to increased demand. The poster above who states that those with more money buy more is at the moment incorrect, because we have started saving and paying down debt rather than purchasing new products and fresh entertainment.
Bottom line--Employers aren't going to hire any new workers if they don't have any customers...Is cutting taxes likely to fix the financial crisis in lieu of a stimulus bill?Yes, and Obama needs to take a good look at all the spending going on in Congress (like he said he would) and cut the programs that aren't working, which needs to be done now. Stop wasteful spending, like everyday citizens have done.Is cutting taxes likely to fix the financial crisis in lieu of a stimulus bill?
How about a six month tax holiday. The more money you have, the more you spend and help put people to work. This is a far better stimulus than robbing us of our livelihoods, and poutting us further into debt.
When is the last time you lived on your credit card without going further into the neverending black hole of no return?
Edit: We never had economic problems until the Congress of 2006!
Carmen
.
I don't know, i think the economists on both the Republican and Democratic sides would have to consult their crystal balls o n this oneIs cutting taxes likely to fix the financial crisis in lieu of a stimulus bill?
No because it's tax cuts that have partially gotten us into this mess in the first place.
no but it would help most Americans to have some tax relief during these trying times
we probably need bothe
If tax cuts are so good how come we're in this mess?
Global financial crisis is painfully felt by people today. How can you help cope with this situation? C?
Cite specific ways that you can do.Global financial crisis is painfully felt by people today. How can you help cope with this situation? C?I don't understand your question. Do you distinguish between an individual and society? I cope by realizing the reality of the situation and not worrying about it any more than I already do. I help others cope by sharing my suggestions and views of reality, though I am largely ignored.
e.g.:
* I think an independence-oriented, non-racist or belligerent nationalism is a useful countervailing force to the ills of today. I'm an American, and generally speaking, that doesn't feel like enough.
* The monetary system embodied by the Federal Reserve is a dog. Congress should take back the power to print money.
* If people are going to be SUPER RICH or ABJECTLY POOR, there should be some justification for it. Usually there isn't.
* Women need more rights, globally. More rights, lower population, lower population, fewer people suffering.
* We should develop a culture of efficiency, not consumption. Nascar and Indy heros should be the ones who can get around the track using the least amount of energy - a radical change in thought. If you want to go fast, take up track, bungee jump, or just aim a fan in your face.
* American civilization is embodied by the lawn - parks, houses, golf courses. Houses, for a start, shouldn't have lawns. I don't know where that perversion came from. That would ease the crisis because they could become gardens that feed people.
* The transportation system could get off oil (this is inline with my first point). This would give people work.
* If we're going to have a competitive society, we should actually have competition. What we have now is big fish eating and bullying the little ones. It's the, "Too big to fail, too big to exist" line of reasoning.
I would encourage you to answer questions! It makes us seem like real people!Global financial crisis is painfully felt by people today. How can you help cope with this situation? C?McDonald's value menu.Global financial crisis is painfully felt by people today. How can you help cope with this situation? C?I wash my (and three roommates) dishes with less than two gallons of hot water every day. I keep this hot water in a pot which I put on the floor in the coolest section of the house. It puts off heat until it's the same temperature as the air, at which time I dump it out. It adds more heat to the house than the candles I burn...
Since we all have zero debt, we are doing quite well. Only two of us have jobs at the moment, but have large enough savings to last us through. Pay off all bills immediatly would be my advice.
Lawns are a leftover from British royalty.
e.g.:
* I think an independence-oriented, non-racist or belligerent nationalism is a useful countervailing force to the ills of today. I'm an American, and generally speaking, that doesn't feel like enough.
* The monetary system embodied by the Federal Reserve is a dog. Congress should take back the power to print money.
* If people are going to be SUPER RICH or ABJECTLY POOR, there should be some justification for it. Usually there isn't.
* Women need more rights, globally. More rights, lower population, lower population, fewer people suffering.
* We should develop a culture of efficiency, not consumption. Nascar and Indy heros should be the ones who can get around the track using the least amount of energy - a radical change in thought. If you want to go fast, take up track, bungee jump, or just aim a fan in your face.
* American civilization is embodied by the lawn - parks, houses, golf courses. Houses, for a start, shouldn't have lawns. I don't know where that perversion came from. That would ease the crisis because they could become gardens that feed people.
* The transportation system could get off oil (this is inline with my first point). This would give people work.
* If we're going to have a competitive society, we should actually have competition. What we have now is big fish eating and bullying the little ones. It's the, "Too big to fail, too big to exist" line of reasoning.
I would encourage you to answer questions! It makes us seem like real people!Global financial crisis is painfully felt by people today. How can you help cope with this situation? C?McDonald's value menu.Global financial crisis is painfully felt by people today. How can you help cope with this situation? C?I wash my (and three roommates) dishes with less than two gallons of hot water every day. I keep this hot water in a pot which I put on the floor in the coolest section of the house. It puts off heat until it's the same temperature as the air, at which time I dump it out. It adds more heat to the house than the candles I burn...
Since we all have zero debt, we are doing quite well. Only two of us have jobs at the moment, but have large enough savings to last us through. Pay off all bills immediatly would be my advice.
Lawns are a leftover from British royalty.
Who is more to blame for the financial crisis, Congress or the President?
many are to blam.. But the gas is so high that people have to cut there investing... The debt is to high to even talk about and the war has gone on to long that results are not in. This all comes down to the leader or the director of it all.....
Think of it this way.. when I team has a bad season but has a ton of tallent on the field with lots of money invested... why dont they go to the super bowl or world series.????? its because the decisions that are made above... Example are like why did we not bunt for a base hit.. why did we not go for it on 4th down etc.. Who is more to blame for the financial crisis, Congress or the President?Don't get me started on Bush.
He could have stopped this...by stopping the Democrats.Who is more to blame for the financial crisis, Congress or the President?
Andrew Cuomo, then Bill Clinton’s HUD Secretary, held a press conference on April 6, 1998, explaining a settlement reached with a major bank on a lending discrimination case based presumably on the CRA. Cuomo brags about how “this administration will enforce the law”, but he also makes a very telling admission about the $2.1 billion in subprime loans that the bank would offer as a result of the settlement:
http://www.youtube.com/watch?v=ivmL-lXNy…
He then admits that there would be “higher risk”, and a higher default rate, on the loans the Clinton administration forced this bank to make. He also admits that the action forced this bank to lower its standards on loan qualification as a remedy to supposed discriminatory action in the past by relying on income and equity requirements. Cuomo describes everything wrong with subprime lending and reveals the government’s efforts to distort private lending markets to force “fairness” in outcomes.
Cuomo held this press conference as a warning to all lenders that the Clinton administration intended to enforce the CRA broadly with all lenders, and in fact he explicitly stated this. When that didn’t free up credit as quickly as Clinton desired, he and Congress mandated Fannie Mae and Freddie Mac to purchase more subprime paper — which Cuomo baldly admitted was riskier and would have a higher rate of failures — and to turn them into mortgage-backed securities, which they marketed as low-risk investments based on implicit government backing. This did what the heavy-handed enforcement of the CRA could not: it made lenders enthusiastic about subprime lending. Why? They could make short-term profit on every mortgage regardless of the borrower’s ability to repay, because Fannie and Freddie would buy them anyway. With the risk removed from lending, subprime loans became quick-buck rackets for all lenders, predatory or not.Who is more to blame for the financial crisis, Congress or the President?Congress.
As most people seem to be unable to fathom, the legislative branch creates the laws, and the executive branch enforces them. The president has little power over the legislature, only the veto.
The Democrat controlled Congress started it in 1992 with Affirmative Action legislation requiring Fannie Mae and Freddie Mac to give mortgages to people who couldn't pay them back or whose only qualifying income was unemployment benefits or welfare (i.e., "the poor"). Sounded great on paper until it blew up in their faces, just like Republicans predicted it would.Who is more to blame for the financial crisis, Congress or the President?Congress! Say that again not everyone was listening! Fannie and Freddy had what and congress did what?Who is more to blame for the financial crisis, Congress or the President?
Congress
absolutely congress, on top fighting regulation, they were plundering the system to line their own pockets -- Obama,Dodd,Raines,FranksWho is more to blame for the financial crisis, Congress or the President?
Congress. The problem has been brewing for about 35 years, through inept regulations mostly, and the President has only been around for 8 years, while most of Congress has been there for decades.
Everyone. Time to stop the blame and fix the problem
Congress. They deliberately carried out a hostile agenda to make Bush look bad, and as a result have put the screws to the American people. Bush is to blame for trying to play ball with those nit-wits.
It's not a matter of just Democrats voting down regulations. They also intimidated Fannie and Freddie to widen their scope. The wanted more and more people to move into homes they didn't know how to buy, take care of or pay for. They also encouraged Fannie and Freddie to dispose of these bad loans into other investment instruments thereby diluting the paper trail and hiding the practice.
The result is that the bad paper was allowed to migrate into the economy at large. The whole thing was designed to buy votes and the shocker is that these same people never bothered to register so now the Democrats are scrambling with ACORN.
BOTH!!!! The president has to oversee all problems foreign and domestic. His advisors and all should've already be on the ball and informed him about that, but they kept telling him is ok...and he keeps coming out saying our economy is strong do not worry.....
well there's a whole lot of worrying going on!!!!!!!!!!!
Congress holds the "purse strings". It starts in the House of Representatives, moves to the Senate, and then is sent to the President.
Its not just Fannie and Freddie and its not just the sitting administration and congress. This started building more than 10 years ago. There's plenty of blame to go around. Corporations and consumers play a role too.
I reckon the banks are completely to blame. I guess though that congress could have helped at bit.
Most of the blame lies with the current Democrats in Congress. If that wasn't true, they would be screaming for investigations against all the Republicans at fault.
The fed for not increasing the supply of cash in the system . Money can not be dug up or made by people instead it comes from the fed .
Think of it this way.. when I team has a bad season but has a ton of tallent on the field with lots of money invested... why dont they go to the super bowl or world series.????? its because the decisions that are made above... Example are like why did we not bunt for a base hit.. why did we not go for it on 4th down etc.. Who is more to blame for the financial crisis, Congress or the President?Don't get me started on Bush.
He could have stopped this...by stopping the Democrats.Who is more to blame for the financial crisis, Congress or the President?
Andrew Cuomo, then Bill Clinton’s HUD Secretary, held a press conference on April 6, 1998, explaining a settlement reached with a major bank on a lending discrimination case based presumably on the CRA. Cuomo brags about how “this administration will enforce the law”, but he also makes a very telling admission about the $2.1 billion in subprime loans that the bank would offer as a result of the settlement:
http://www.youtube.com/watch?v=ivmL-lXNy…
He then admits that there would be “higher risk”, and a higher default rate, on the loans the Clinton administration forced this bank to make. He also admits that the action forced this bank to lower its standards on loan qualification as a remedy to supposed discriminatory action in the past by relying on income and equity requirements. Cuomo describes everything wrong with subprime lending and reveals the government’s efforts to distort private lending markets to force “fairness” in outcomes.
Cuomo held this press conference as a warning to all lenders that the Clinton administration intended to enforce the CRA broadly with all lenders, and in fact he explicitly stated this. When that didn’t free up credit as quickly as Clinton desired, he and Congress mandated Fannie Mae and Freddie Mac to purchase more subprime paper — which Cuomo baldly admitted was riskier and would have a higher rate of failures — and to turn them into mortgage-backed securities, which they marketed as low-risk investments based on implicit government backing. This did what the heavy-handed enforcement of the CRA could not: it made lenders enthusiastic about subprime lending. Why? They could make short-term profit on every mortgage regardless of the borrower’s ability to repay, because Fannie and Freddie would buy them anyway. With the risk removed from lending, subprime loans became quick-buck rackets for all lenders, predatory or not.Who is more to blame for the financial crisis, Congress or the President?Congress.
As most people seem to be unable to fathom, the legislative branch creates the laws, and the executive branch enforces them. The president has little power over the legislature, only the veto.
The Democrat controlled Congress started it in 1992 with Affirmative Action legislation requiring Fannie Mae and Freddie Mac to give mortgages to people who couldn't pay them back or whose only qualifying income was unemployment benefits or welfare (i.e., "the poor"). Sounded great on paper until it blew up in their faces, just like Republicans predicted it would.Who is more to blame for the financial crisis, Congress or the President?Congress! Say that again not everyone was listening! Fannie and Freddy had what and congress did what?Who is more to blame for the financial crisis, Congress or the President?
Congress
absolutely congress, on top fighting regulation, they were plundering the system to line their own pockets -- Obama,Dodd,Raines,FranksWho is more to blame for the financial crisis, Congress or the President?
Congress. The problem has been brewing for about 35 years, through inept regulations mostly, and the President has only been around for 8 years, while most of Congress has been there for decades.
Everyone. Time to stop the blame and fix the problem
Congress. They deliberately carried out a hostile agenda to make Bush look bad, and as a result have put the screws to the American people. Bush is to blame for trying to play ball with those nit-wits.
It's not a matter of just Democrats voting down regulations. They also intimidated Fannie and Freddie to widen their scope. The wanted more and more people to move into homes they didn't know how to buy, take care of or pay for. They also encouraged Fannie and Freddie to dispose of these bad loans into other investment instruments thereby diluting the paper trail and hiding the practice.
The result is that the bad paper was allowed to migrate into the economy at large. The whole thing was designed to buy votes and the shocker is that these same people never bothered to register so now the Democrats are scrambling with ACORN.
BOTH!!!! The president has to oversee all problems foreign and domestic. His advisors and all should've already be on the ball and informed him about that, but they kept telling him is ok...and he keeps coming out saying our economy is strong do not worry.....
well there's a whole lot of worrying going on!!!!!!!!!!!
Congress holds the "purse strings". It starts in the House of Representatives, moves to the Senate, and then is sent to the President.
Its not just Fannie and Freddie and its not just the sitting administration and congress. This started building more than 10 years ago. There's plenty of blame to go around. Corporations and consumers play a role too.
I reckon the banks are completely to blame. I guess though that congress could have helped at bit.
Most of the blame lies with the current Democrats in Congress. If that wasn't true, they would be screaming for investigations against all the Republicans at fault.
The fed for not increasing the supply of cash in the system . Money can not be dug up or made by people instead it comes from the fed .
Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
Dude's an old washed up geezer. Alzeimer's Disease stole his brain in 56'.
OBAMA 08!Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?With a little more research, I believe you will find that it had a lot to do with former Pres. Clinton, who also admitted it. Then do look at ACORN's involvement (trained by Obama), next look at Barney, Harry, and Nancy. Then look at Obama for receiving the 2nd most monies from Frannie and Freddie........
Cite where you found that McCain sponsored it...plus I do believe that was Phil Graham. Greenburg also was responsible because he believed banks would regulate themselves.Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
The crisis is the result of lazy people wanting things without having the money to afford them, plain and simple.
All the despicable things that took place, careless banks, slimy mortgage brokers, greedy homeowners, don't change the fact that responsible people know what they can afford to buy, and what they can't.Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?The crisis is the result of Democrats forcing banks to lend money to those not qualified. You can delude yourself all you want but any thinking person knows the reason. You can't just give money away and expect nothing to happen as a result.
Why would he? Because it was not responsible!! You buy the liberal media propaganda??
Did deregulation force banks to give risky loans? NO! The congress did by demanding they give more loans to riskier borrowers!
Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?Don't think so. I do know that Obama was Chief counsel in a suit in the early nineties that forced banks to make loans in areas that were poor and the banks could not make a profit on very cheap housesDo you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
He did not cause the financial problems we have now
It was the Democratic congress that has caused the problems. Mainly Nancy Pelosi and Harry Reid
McCain is like his mentor Bush. He will never admit he made a mistake. He will tell you why he felt justified for his actions, but never will he tell you the truth.Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
Both Dems and Repubs share the blame for the housing bubble. that's why none of the politicians are making a big deal about it during this election.
I think McCain rarely suffers from lapses of conscience.
No he still believes if it is good for the Wealthiest, it is good for America.
Yes, but he doesn't care or he wouldn't of hired all those lobbyists and keep Phil Gramm as his friend and spoke person.
.
He admitted he doesn't have a clue on economics!
.
OBAMA 08!Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?With a little more research, I believe you will find that it had a lot to do with former Pres. Clinton, who also admitted it. Then do look at ACORN's involvement (trained by Obama), next look at Barney, Harry, and Nancy. Then look at Obama for receiving the 2nd most monies from Frannie and Freddie........
Cite where you found that McCain sponsored it...plus I do believe that was Phil Graham. Greenburg also was responsible because he believed banks would regulate themselves.Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
The crisis is the result of lazy people wanting things without having the money to afford them, plain and simple.
All the despicable things that took place, careless banks, slimy mortgage brokers, greedy homeowners, don't change the fact that responsible people know what they can afford to buy, and what they can't.Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?The crisis is the result of Democrats forcing banks to lend money to those not qualified. You can delude yourself all you want but any thinking person knows the reason. You can't just give money away and expect nothing to happen as a result.
Why would he? Because it was not responsible!! You buy the liberal media propaganda??
Did deregulation force banks to give risky loans? NO! The congress did by demanding they give more loans to riskier borrowers!
Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?Don't think so. I do know that Obama was Chief counsel in a suit in the early nineties that forced banks to make loans in areas that were poor and the banks could not make a profit on very cheap housesDo you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
He did not cause the financial problems we have now
It was the Democratic congress that has caused the problems. Mainly Nancy Pelosi and Harry Reid
McCain is like his mentor Bush. He will never admit he made a mistake. He will tell you why he felt justified for his actions, but never will he tell you the truth.Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
Both Dems and Repubs share the blame for the housing bubble. that's why none of the politicians are making a big deal about it during this election.
I think McCain rarely suffers from lapses of conscience.
No he still believes if it is good for the Wealthiest, it is good for America.
Yes, but he doesn't care or he wouldn't of hired all those lobbyists and keep Phil Gramm as his friend and spoke person.
.
He admitted he doesn't have a clue on economics!
.
Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
That is a blatant lie, and anyone familiar with more than what they hear on the news (including forged documents-r-us Dan Rather's CBS) knows it. It was the refusal of Democrats to allow oversight of programs liberals forced upon lending institutions through the government that caused this crisis. Bush and McCain attempted to get a hold of it, and issued warnings repeatedly that this would happen if left unchecked. McCain knows the truth about this. There is nothing for him to 'realize', despite your premise that it exists. Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?He knows and he doesn't seems to care. McCain hired two more AIG lobbyists that give us the global melt down.Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
Do you realize...
In the middle of a historic financial crisis, Obama and his liberal allies are promising a radical tax-and-spend agenda to spread your wealth around.
Promising over $1 trillion in new government spending
Hiking taxes on families and small businesses
Increasing capital gains taxes
Eliminating the 401(k) tax deduction
What a total disaster.
McCain/Palin 08 COUNTRY FIRSTDo you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?no.
Yes, that is why his campaign is run by deregulation lobbyists. More like Republican's first, United States last.Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?Do think that Obama realizes his party caused the finical crisisDo you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
Which ones? Be specific.
Did you know that Obama's support of Rezko's development firm led to low-income people living in slums with no heat?
I just watched a speech by Joe Biden and this is exactly what he said on saturday november 1st at 3:33 PM central time in Marion, Ohio!!!!:
"Barack was raised by a single mother and a set of grandparents who moved from the Midwest to Hawaii to help maintain his ability to be raised in a decent environment."
Did he just slam the entire Midwest?! Wow! Unbelievable!
Thanks!
Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
OBAMA!!!!!!!!!
MOST LIKELY NOT.
Obama is a liar. He is going to raise your taxes.
the republican party is the party of deregulation, expect more financial collapse if they get into power. Their dream of a pure capitalist economy is a fantasy that does not work in the real world - with republicans in power we will soon become a failed state
Try the community reinvestment act. This didn't help cause it. This is the cause.
http://www.youtube.com/watch?v=GaABV1CWX鈥?/a>
http://en.wikipedia.org/wiki/Community_R鈥?/a>
http://www.ffiec.gov/cra/
http://query.nytimes.com/gst/fullpage.ht鈥?/a>
http://www.govtrack.us/congress/bill.xpd鈥?/a>
http://www.google.com/search?hl=en%26amp;q=cal鈥?/a>
http://query.nytimes.com/gst/fullpage.ht鈥?/a>
No greed and corrupt Poiticians caused this crisis, plain and simple. People were warned many times, and those Politicians getting monies for their own campaings chose to ignore those warnings. I must also add that Obama also had a hand in the crisis since he was a lawyer suing institutions to MAKE them HAND OUT LOANS PEOPLE COULD NOT AFFORD.
probably not. Somethings such as necessity to life resources shoud have some regulations imposed. If business had total control we would not be able to buy gas, pay utilities or even buy food.
The question assumes that McCain has a logical understanding of economic and financial issues which his "the fundamentals of the economy are sound" ought to have dispelled for all time at every I.Q. level.
If he did realize this, and clearly he isn't compos mentis of most of the serious issues, it wouldn't make the slightest difference of course as Mccain is only ever what Obama is not which is one of the reasons that no one can really recall anything he has said yet .
McCain doesn't remember what he had for lunch
pardon, but you're completely wrong here.
it was McCain who requested investigation, correction and regulation of the policies he said would lead to economic collapse.
not only did democrats pooh-pooh the idea, they actually held hearings and tore up the witnesses as 'racist'.
Looks like McCain and the 19 other republicans begging for regulations were correct.
how do you people get thru every day without knowing ANYTHING?? i've always wondered.
The financial crisis is, in large part, due to the Democrats pushing for loans to unqualified borrowers for homes that they couldn't afford. Even Bill Clinton stated that it was his policies that led to the mess we are in now. The Democrats were not only the primary players in the Freddie Mac and Fannie Mae mess but were also the primary beneficiaries in the kickbacks from these organization. If you are going to have an opinion, at least do minimal research to back it up.
I think he knows and I think he doesnt give a F*CK what his actions do to the people - as long as he gets his TAXPAYER pension and his rich drug addict wifes money.
Do you realize...
In the middle of a historic financial crisis, Obama and his liberal allies are promising a radical tax-and-spend agenda to spread your wealth around.
Promising over $1 trillion in new government spending
Hiking taxes on families and small businesses
Increasing capital gains taxes
Eliminating the 401(k) tax deduction
What a total disaster.
McCain/Palin 08 COUNTRY FIRSTDo you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?no.
Yes, that is why his campaign is run by deregulation lobbyists. More like Republican's first, United States last.Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?Do think that Obama realizes his party caused the finical crisisDo you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
Which ones? Be specific.
Did you know that Obama's support of Rezko's development firm led to low-income people living in slums with no heat?
I just watched a speech by Joe Biden and this is exactly what he said on saturday november 1st at 3:33 PM central time in Marion, Ohio!!!!:
"Barack was raised by a single mother and a set of grandparents who moved from the Midwest to Hawaii to help maintain his ability to be raised in a decent environment."
Did he just slam the entire Midwest?! Wow! Unbelievable!
Thanks!
Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
OBAMA!!!!!!!!!
MOST LIKELY NOT.
Obama is a liar. He is going to raise your taxes.
the republican party is the party of deregulation, expect more financial collapse if they get into power. Their dream of a pure capitalist economy is a fantasy that does not work in the real world - with republicans in power we will soon become a failed state
Try the community reinvestment act. This didn't help cause it. This is the cause.
http://www.youtube.com/watch?v=GaABV1CWX鈥?/a>
http://en.wikipedia.org/wiki/Community_R鈥?/a>
http://www.ffiec.gov/cra/
http://query.nytimes.com/gst/fullpage.ht鈥?/a>
http://www.govtrack.us/congress/bill.xpd鈥?/a>
http://www.google.com/search?hl=en%26amp;q=cal鈥?/a>
http://query.nytimes.com/gst/fullpage.ht鈥?/a>
No greed and corrupt Poiticians caused this crisis, plain and simple. People were warned many times, and those Politicians getting monies for their own campaings chose to ignore those warnings. I must also add that Obama also had a hand in the crisis since he was a lawyer suing institutions to MAKE them HAND OUT LOANS PEOPLE COULD NOT AFFORD.
probably not. Somethings such as necessity to life resources shoud have some regulations imposed. If business had total control we would not be able to buy gas, pay utilities or even buy food.
The question assumes that McCain has a logical understanding of economic and financial issues which his "the fundamentals of the economy are sound" ought to have dispelled for all time at every I.Q. level.
If he did realize this, and clearly he isn't compos mentis of most of the serious issues, it wouldn't make the slightest difference of course as Mccain is only ever what Obama is not which is one of the reasons that no one can really recall anything he has said yet .
McCain doesn't remember what he had for lunch
pardon, but you're completely wrong here.
it was McCain who requested investigation, correction and regulation of the policies he said would lead to economic collapse.
not only did democrats pooh-pooh the idea, they actually held hearings and tore up the witnesses as 'racist'.
Looks like McCain and the 19 other republicans begging for regulations were correct.
how do you people get thru every day without knowing ANYTHING?? i've always wondered.
The financial crisis is, in large part, due to the Democrats pushing for loans to unqualified borrowers for homes that they couldn't afford. Even Bill Clinton stated that it was his policies that led to the mess we are in now. The Democrats were not only the primary players in the Freddie Mac and Fannie Mae mess but were also the primary beneficiaries in the kickbacks from these organization. If you are going to have an opinion, at least do minimal research to back it up.
I think he knows and I think he doesnt give a F*CK what his actions do to the people - as long as he gets his TAXPAYER pension and his rich drug addict wifes money.
Do you believe the financial crisis is going to get a lot worse than it is now?
A storm is coming, are you prepared?Do you believe the financial crisis is going to get a lot worse than it is now?Yes it is getting worse. And no I'm not prepared like I should be.
But, luckily I have a job that isn't effected by this. As odd as that sounds, I know. Do you believe the financial crisis is going to get a lot worse than it is now?
Yes. Because just about all of the financial Institutions are connected.
Follow most financial deals and you see what kind of Road they are taking. The papers are being sold and sold and sold again. And everybody touching them, is getting a cut.
Do you believe the financial crisis is going to get a lot worse than it is now?Yes, it's going to get a lot worse. No, I'm not prepared, like most Americans.
this is only the tip of the iceberg
your politicians and government pulled a good one on you Do you believe the financial crisis is going to get a lot worse than it is now?It may...
I am a survivor and will be able to manage with little or nothing...Do you believe the financial crisis is going to get a lot worse than it is now?
No, I'm not.
And who warned you about our market for many, many, many years?
RON PAUL!
The man is a genius.Do you believe the financial crisis is going to get a lot worse than it is now?
It will only get worse if people keep believing everthing the media is telling them.d3100 vin number
But, luckily I have a job that isn't effected by this. As odd as that sounds, I know. Do you believe the financial crisis is going to get a lot worse than it is now?
Yes. Because just about all of the financial Institutions are connected.
Follow most financial deals and you see what kind of Road they are taking. The papers are being sold and sold and sold again. And everybody touching them, is getting a cut.
Do you believe the financial crisis is going to get a lot worse than it is now?Yes, it's going to get a lot worse. No, I'm not prepared, like most Americans.
this is only the tip of the iceberg
your politicians and government pulled a good one on you Do you believe the financial crisis is going to get a lot worse than it is now?It may...
I am a survivor and will be able to manage with little or nothing...Do you believe the financial crisis is going to get a lot worse than it is now?
No, I'm not.
And who warned you about our market for many, many, many years?
RON PAUL!
The man is a genius.Do you believe the financial crisis is going to get a lot worse than it is now?
It will only get worse if people keep believing everthing the media is telling them.
Would we have been in the current financial crisis had Gore or Kerry won?
(1) Burning debates rage over whether we would be drowning in this credit mess had Gore or Kerry won. Dems say it's because the GOP let Wall Street run hog wild, with the whole deregulation, etc. Republicans say it wouldn't have made any difference, both parties were equally careless %26amp; greedy.
(2) An even hotter topic is around 9/11...some say it could have been prevented had Gore won...is this totally ridiculous %26amp; unfounded, or did Bush %26amp; company fail to do their homework and let the warnings sail right past them?Would we have been in the current financial crisis had Gore or Kerry won?No, Democrats are for the middle class. It is republicans who have the agenda of deliberately destroying the middle classWould we have been in the current financial crisis had Gore or Kerry won?
1. I really doubt we would be in this situation, and if we were, the impact would be far less severe. Deregulation and a lack of oversight created this mess, and both are GOP things; one of the reasons that conservatives rail against the left is because they support regulations... so they're in effect admitting that if we did not have the GOP running everything (or more accurately, *not* running everything) then the outcome would have been much different.
2. I believe that Al Gore probably would have paid more attention to the situation, though it would admittedly be hard for any president to get wind of the situation when the FBI, CIA, state authorities, NSA, TSA, and everyone else involved had a complete breakdown in communication.
Do you remember back in '98, around the time of the Lewinsky scandal, when Clinton supported the firing of missles at an Afghani camp where Bin Laden was to be, and the GOP attack dogs strutted out the "wag the dog" theory and called Clinton a "warmonger?" Clinton and Gore were well aware of the threat posed by Bin Laden, but the GOP turned a blind eye in the spirit of impeachment and trying to gain power of the country. We paid for it, and we still are paying for it.Would we have been in the current financial crisis had Gore or Kerry won?Of course. Democrats were the ones who were against fixing the problem. Democrats even accused Republicans of being racist for trying to stop zero-down mortgages.
Since 2001, President Bush warned of the problem and put forward plans to fix Fannie Mae and Freddie Mac:
http://www.whitehouse.gov/news/releases/鈥?/a>
In 2003, "Spurred by worries that Fannie and Freddie were cooking their books and taking too many risks, Treasury Secretary John Snow proposed placing the companies under Treasury oversight with strict controls over risk and capital reserves. The NYT labeled the proposal "the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago""
http://www.usnews.com/blogs/sam-dealey/2鈥?/a>
Democrats' response to President Bush's reform of Fannie Mae And Freddie Mac.
"These two entities鈥擣annie Mae and Freddie Mac鈥攁re not facing any kind of financial crisis," said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."
http://www.usnews.com/blogs/sam-dealey/2鈥?/a>
Democrat Barney Frank: In April 2004, Fannie announced a multibillion-dollar financial "misstatement" of its own. Mr. Frank was back for the defense. Fannie and Freddie posed no risk to taxpayers, [ Barney Frank ] said, adding that "I think Wall Street will get over it" if the two collapsed. Yes, they're certainly "over it" on the Street now that Uncle Sam is guaranteeing their Fannie paper, and even Fannie's subordinated debt.
http://www.wsj.com/article/SB12209179618鈥?/a>
[ Democrat Barney] "Frank was publicly arguing for an increase in the size of their combined $1.4 trillion portfolios right up to the day they were bailed out. Even now, after he's been proven wrong about a taxpayer guarantee, he opposes Treasury's planned reduction in the size of the portfolios starting in 2010, according to a quote attributed to him in this newspaper last week. "Good luck on that," he reportedly said. Mr. Frank's spokeswoman hung up the phone when we sought confirmation Tuesday" ... "For years, Mr. Frank and other friends of Fan and Fred opposed not only bills written to limit the size of their portfolios"
Wall Street Journal.
http://www.wsj.com/article/SB12216101087鈥?/a>
In 1997 Clinton "actively sponsored " risky home loans :
""...rapid growth in affordable-loan programs and subprime lending..."
"The growth in these [special loan] programs has been actively sponsored by the Clinton administration "
"The currently strong housing market is due in part to the initiation of a wide variety of affordable home-loan programs. These programs are intended to benefit low-income and minority households and neighborhoods through more flexible underwriting policies. These policies include low-downpayment requirements, higher acceptable ratios of debt payment to income, the use of alternative credit history information such as records of payments for rent and utilities, flexible employment standards, and reduced cash reserve requirements. The growth in these programs has been actively sponsored by the *** Clinton administration *** in a concerted effort to raise home-ownership rates."
Mortgage Banking [News] - Aug 1, 1997
One of Clinton's Freddie Mac changes:
"Freddie Mac, one of the primary government-sponsored enterprises involved in the purchase of mortgages, recently announced plans to enter the secondary market in subprime loans by purchasing significant numbers of "A minus" subprime mortgages by 1998 and the higher-risk "B and C" loans by 1999.(20) "
One of Clinton's changes to foreclosure insurance ( that protected banks ).
"On June 6, 1996, President Clinton announced that he had directed FHA to reduce the up-front mortgage insurance premium (UFMIP) for first-time homebuyers who receive housing counseling"
Some facts:
1) The last Democrat president created the housing bubble which is now collapsing. http://www.frbsf.org/publications/econom鈥?/a> (non-biased Federal Reserve website)
2) Democrats caused the housing bubble to collapse by reducing consumer confidence (negative campaigning) and by encouraging home builders to overbuild by using illegal immgrant labor to generate 100% to 400% profits. ( Democrats blocked massive efforts made by President Bush to fine employers of illegal immigrants.)
3) Clinton ignored a government report that said bank derivatives were dangerous to the economy. He also threatened to fine banks that were not giving loans to poor people.
4) Clinton, ACORN, and Rubin pushed for changing laws to provide more risky loans.
5) Obama and other Democrats voted for weak border control which decreases wages, increases joblessness, lowers the standard of living, etc.
6) Democrats blocked President Bush's GSE reform (Fannie Mae and Freddie Mac reform) by filaabuster in congress..
7) $700 billion was spent to fix Clinton's bank derivatives problem.
8) Democrats increased our dependence on foreign oil. That increases gas bills, decreases national security, and gives other countries hundreds of billions of dollars yearly. Also, it financially helps many countries which do not have our best interests in mind.
probably notWould we have been in the current financial crisis had Gore or Kerry won?Look - 9/11 would have happened no matter who was elected. Fiscally, the U.S. was in great shape when Bush took office and his focus was on Iraq (finish daddy's war) and he appointed a cabinet to get him there. None of the Bush appointees were geared up to manage the overall economy, instead they were dedicated to the war in Iraq and ignored all the signs of trouble at home. Neither Gore or Kerry were suited to the job but may have muddled through until 2004 without a meltdown and our choices then would have been different for that election. But now we will never know..Would we have been in the current financial crisis had Gore or Kerry won?
yes
Our problems would be way worse. Add in the fact that if we had a democratic white house for the last 8 years it means that on top of everything else, we would have spent trillions more on social programs, the welfare ranks would be through the roof and include all illegals(that would have been made legal by the democrats). The list goes on %26amp; on. This probably would have happened 5 years ago instead of now. As far as 9/11 goes, yes it would have happened. They hate us all equally, regardless of political party.Would we have been in the current financial crisis had Gore or Kerry won?
since our problems were caused by the federal reserve it is hard to say. but it was democrats that blocked mortgage reform so i would have to say yes. anyone that thinks gore would have prevented 9/11 forgets the world trade center was bombed while he was VP
If Gore won we would be fine today remember clinton had us out of the recession Bush stole the presidency his brother in Florida had a lot to do with that.
..no but I think things would be really weird right now..
No, an anti-gone war would have been the expensive route.
worse
(2) An even hotter topic is around 9/11...some say it could have been prevented had Gore won...is this totally ridiculous %26amp; unfounded, or did Bush %26amp; company fail to do their homework and let the warnings sail right past them?Would we have been in the current financial crisis had Gore or Kerry won?No, Democrats are for the middle class. It is republicans who have the agenda of deliberately destroying the middle classWould we have been in the current financial crisis had Gore or Kerry won?
1. I really doubt we would be in this situation, and if we were, the impact would be far less severe. Deregulation and a lack of oversight created this mess, and both are GOP things; one of the reasons that conservatives rail against the left is because they support regulations... so they're in effect admitting that if we did not have the GOP running everything (or more accurately, *not* running everything) then the outcome would have been much different.
2. I believe that Al Gore probably would have paid more attention to the situation, though it would admittedly be hard for any president to get wind of the situation when the FBI, CIA, state authorities, NSA, TSA, and everyone else involved had a complete breakdown in communication.
Do you remember back in '98, around the time of the Lewinsky scandal, when Clinton supported the firing of missles at an Afghani camp where Bin Laden was to be, and the GOP attack dogs strutted out the "wag the dog" theory and called Clinton a "warmonger?" Clinton and Gore were well aware of the threat posed by Bin Laden, but the GOP turned a blind eye in the spirit of impeachment and trying to gain power of the country. We paid for it, and we still are paying for it.Would we have been in the current financial crisis had Gore or Kerry won?Of course. Democrats were the ones who were against fixing the problem. Democrats even accused Republicans of being racist for trying to stop zero-down mortgages.
Since 2001, President Bush warned of the problem and put forward plans to fix Fannie Mae and Freddie Mac:
http://www.whitehouse.gov/news/releases/鈥?/a>
In 2003, "Spurred by worries that Fannie and Freddie were cooking their books and taking too many risks, Treasury Secretary John Snow proposed placing the companies under Treasury oversight with strict controls over risk and capital reserves. The NYT labeled the proposal "the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago""
http://www.usnews.com/blogs/sam-dealey/2鈥?/a>
Democrats' response to President Bush's reform of Fannie Mae And Freddie Mac.
"These two entities鈥擣annie Mae and Freddie Mac鈥攁re not facing any kind of financial crisis," said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."
http://www.usnews.com/blogs/sam-dealey/2鈥?/a>
Democrat Barney Frank: In April 2004, Fannie announced a multibillion-dollar financial "misstatement" of its own. Mr. Frank was back for the defense. Fannie and Freddie posed no risk to taxpayers, [ Barney Frank ] said, adding that "I think Wall Street will get over it" if the two collapsed. Yes, they're certainly "over it" on the Street now that Uncle Sam is guaranteeing their Fannie paper, and even Fannie's subordinated debt.
http://www.wsj.com/article/SB12209179618鈥?/a>
[ Democrat Barney] "Frank was publicly arguing for an increase in the size of their combined $1.4 trillion portfolios right up to the day they were bailed out. Even now, after he's been proven wrong about a taxpayer guarantee, he opposes Treasury's planned reduction in the size of the portfolios starting in 2010, according to a quote attributed to him in this newspaper last week. "Good luck on that," he reportedly said. Mr. Frank's spokeswoman hung up the phone when we sought confirmation Tuesday" ... "For years, Mr. Frank and other friends of Fan and Fred opposed not only bills written to limit the size of their portfolios"
Wall Street Journal.
http://www.wsj.com/article/SB12216101087鈥?/a>
In 1997 Clinton "actively sponsored " risky home loans :
""...rapid growth in affordable-loan programs and subprime lending..."
"The growth in these [special loan] programs has been actively sponsored by the Clinton administration "
"The currently strong housing market is due in part to the initiation of a wide variety of affordable home-loan programs. These programs are intended to benefit low-income and minority households and neighborhoods through more flexible underwriting policies. These policies include low-downpayment requirements, higher acceptable ratios of debt payment to income, the use of alternative credit history information such as records of payments for rent and utilities, flexible employment standards, and reduced cash reserve requirements. The growth in these programs has been actively sponsored by the *** Clinton administration *** in a concerted effort to raise home-ownership rates."
Mortgage Banking [News] - Aug 1, 1997
One of Clinton's Freddie Mac changes:
"Freddie Mac, one of the primary government-sponsored enterprises involved in the purchase of mortgages, recently announced plans to enter the secondary market in subprime loans by purchasing significant numbers of "A minus" subprime mortgages by 1998 and the higher-risk "B and C" loans by 1999.(20) "
One of Clinton's changes to foreclosure insurance ( that protected banks ).
"On June 6, 1996, President Clinton announced that he had directed FHA to reduce the up-front mortgage insurance premium (UFMIP) for first-time homebuyers who receive housing counseling"
Some facts:
1) The last Democrat president created the housing bubble which is now collapsing. http://www.frbsf.org/publications/econom鈥?/a> (non-biased Federal Reserve website)
2) Democrats caused the housing bubble to collapse by reducing consumer confidence (negative campaigning) and by encouraging home builders to overbuild by using illegal immgrant labor to generate 100% to 400% profits. ( Democrats blocked massive efforts made by President Bush to fine employers of illegal immigrants.)
3) Clinton ignored a government report that said bank derivatives were dangerous to the economy. He also threatened to fine banks that were not giving loans to poor people.
4) Clinton, ACORN, and Rubin pushed for changing laws to provide more risky loans.
5) Obama and other Democrats voted for weak border control which decreases wages, increases joblessness, lowers the standard of living, etc.
6) Democrats blocked President Bush's GSE reform (Fannie Mae and Freddie Mac reform) by filaabuster in congress..
7) $700 billion was spent to fix Clinton's bank derivatives problem.
8) Democrats increased our dependence on foreign oil. That increases gas bills, decreases national security, and gives other countries hundreds of billions of dollars yearly. Also, it financially helps many countries which do not have our best interests in mind.
probably notWould we have been in the current financial crisis had Gore or Kerry won?Look - 9/11 would have happened no matter who was elected. Fiscally, the U.S. was in great shape when Bush took office and his focus was on Iraq (finish daddy's war) and he appointed a cabinet to get him there. None of the Bush appointees were geared up to manage the overall economy, instead they were dedicated to the war in Iraq and ignored all the signs of trouble at home. Neither Gore or Kerry were suited to the job but may have muddled through until 2004 without a meltdown and our choices then would have been different for that election. But now we will never know..Would we have been in the current financial crisis had Gore or Kerry won?
yes
Our problems would be way worse. Add in the fact that if we had a democratic white house for the last 8 years it means that on top of everything else, we would have spent trillions more on social programs, the welfare ranks would be through the roof and include all illegals(that would have been made legal by the democrats). The list goes on %26amp; on. This probably would have happened 5 years ago instead of now. As far as 9/11 goes, yes it would have happened. They hate us all equally, regardless of political party.Would we have been in the current financial crisis had Gore or Kerry won?
since our problems were caused by the federal reserve it is hard to say. but it was democrats that blocked mortgage reform so i would have to say yes. anyone that thinks gore would have prevented 9/11 forgets the world trade center was bombed while he was VP
If Gore won we would be fine today remember clinton had us out of the recession Bush stole the presidency his brother in Florida had a lot to do with that.
..no but I think things would be really weird right now..
No, an anti-gone war would have been the expensive route.
worse
How come we didn't know a financial crisis was developing until we're in dire need? ?
From day one that's been bushes policy, throw lots of money at the wealthy to take care of any problem. Does anyone not believe this wasn't all a setup in bush's last days?How come we didn't know a financial crisis was developing until we're in dire need? ?If you believe that folks didn't know trouble was brewing, you weren't paying attention.
The implosion of the sub-prime, high-risk mortgage marketplace has been forefront in the news for more than a year.
And while I would like to hold the Bush dynasty responsible for a lot of bad policy, there isn't any way to hang this on George W in particular.How come we didn't know a financial crisis was developing until we're in dire need? ?Listen, maybe you didn't - or maybe you were too ignorant to see the signs. Everything was overvalued, if you own a home and didn't think 10% plus a year in property value gains was abnormal, you were smoking something. Bush is an idiot, but not responsible for this - this is the result of a free market economy. I've known for a very long time the markets were overvalued, anyone who took two minutes to look into it would have the same.How come we didn't know a financial crisis was developing until we're in dire need? ?I'm tired of jokers like you. Clinton not only opened up for subprime loans, he legislated on how much collateral a back could turn down. Some of you liberals are just too much sometimes. Bush is not the cause to every little or big issue in this world. If you have so little self-esteem, that you have to blame the political opposition for everything just to feel better about your own failed ideology, get some serious help.
The implosion of the sub-prime, high-risk mortgage marketplace has been forefront in the news for more than a year.
And while I would like to hold the Bush dynasty responsible for a lot of bad policy, there isn't any way to hang this on George W in particular.How come we didn't know a financial crisis was developing until we're in dire need? ?Listen, maybe you didn't - or maybe you were too ignorant to see the signs. Everything was overvalued, if you own a home and didn't think 10% plus a year in property value gains was abnormal, you were smoking something. Bush is an idiot, but not responsible for this - this is the result of a free market economy. I've known for a very long time the markets were overvalued, anyone who took two minutes to look into it would have the same.How come we didn't know a financial crisis was developing until we're in dire need? ?I'm tired of jokers like you. Clinton not only opened up for subprime loans, he legislated on how much collateral a back could turn down. Some of you liberals are just too much sometimes. Bush is not the cause to every little or big issue in this world. If you have so little self-esteem, that you have to blame the political opposition for everything just to feel better about your own failed ideology, get some serious help.
Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
He obviously refuses to admit that. Newsflash: the invisible hand doesn't always work!Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?Let's not forget the liberal fingers in this financial pie.
http://www.youtube.com/watch?v=LPSDnGMzI鈥?/a>
http://www.youtube.com/watch?v=LPSDnGMzI鈥?/a>
What caused the global financial crisis?
what part did AIG played in the global recession?What caused the global financial crisis?This website contains all the info you will need to know in a reader friendly way!!
http://www.newsflavor.com/Opinions/The-American-Financial-Crisis.670841
http://www.newsflavor.com/Opinions/The-American-Financial-Crisis.670841
Is anyone else relieved that Bush, not Obama, is laying the groundwork to get us out of this financial crisis?
It was scary when it looked like Obama would be making the decisions, but do you agree that it's fortunate that it's being left as Bush's last great legacy to save the country again?Is anyone else relieved that Bush, not Obama, is laying the groundwork to get us out of this financial crisis?Are you kidding? So , let me get this straight...The bush man gets the whole world in deep do-do..and you think he has the brains to get us out of financial trouble? The worst thing America ever did was elect this guy and the best thing they did was make sure no man could be president more than two terms. Good-riddence to Bush and hope he goes to hell real soon!Is anyone else relieved that Bush, not Obama, is laying the groundwork to get us out of this financial crisis?
What in the world makes you think that Obama and Bush are not collaborating on how to work through these problems?
Both of them owe it to the citizens of this country not to let partisan divisions keep them from working toward mutually-agreeable solutions. And for the most part, the two agree on what steps needs to be taken.
Moreover, if Bush took a bunch of steps now that Obama would not want to take, Obama could just undo those steps after January 20. There's no point in Bush doing much that Obama wouldn't do.
You're relying simply on the fact that you like Bush better to draw your conclusions. When you look at the actual policies Bush is choosing to follow, you'll find that they're pretty much the same things Obama is recommending.Is anyone else relieved that Bush, not Obama, is laying the groundwork to get us out of this financial crisis?I hope you're kidding.
As a country we are now more in debt than we have ever been. The national debt is 10.6 TRILLION dollars. That's over $37,000 per US resident. The debt has increased over 500 billion dollars per year since 2003 -- that is entirely on Bush's watch. It's about twice what it was when he took office.
That's in addition to the real estate market plummeting due to the subprime mortgage fiasco, banks closing, and the auto industry now in peril. No, he didn't single-handedly cause the problems, but he sure as hell didn't step in to stop it when he should have. These problems did not appear all of a sudden overnight -- anybody with half a brain could see that we were in for a BIG mess with that mortgage crap.
Bush's legacy will be that he brought this country to near-ruin during a time that should have been prosperous for us. He didn't stop 9/11. He sat on his hands after Katrina. He got us into a war based on inaccurate intelligence. He allowed this country to get into a truly disgusting and insane amount of debt. That's his legacy.
Oh I agree, to bad it is to little to late. That sums up the past 8 years under Bush really. The first time ever in our history did we cut taxes in a time of war. Thx Bush
Wire Taps were started before 9/11...........
9/11happened turned out BushCo didn't ever read the warning reports to busy clearing brush on his fake ranch.
Iraq never was a threat there never was WMDs, but Afghanistan didn't have any good hard targets for our air power.
Katrina again clear more brush and goofing off.
How you people can still support him is shocking!!Is anyone else relieved that Bush, not Obama, is laying the groundwork to get us out of this financial crisis?Republicans have always been more responsible with money than Democrats have. Is it a good thing? maybe not. I am sorry to see the government make so many concession to big money making industries like the auto makers or the financial institutions.
I want to see the union lower the wage these people make in the auto industry. I want to see the cost of insurance lowered. I want to see a pay limit on all CEO, CFO and all management employers. I want to see bonuses cut off completely especially in this time of difficulties. I want to see some justice. banks, credit cards, financial institutions, auto makers all are being bailed out, interest rates are cut so they can borrow but what is passed on to us the consumers the average Joe? nothing. Banks are now stronger than they were because they know they are untouchable. They raise our interest rates when theirs are lowered. Auto makers will not make changes, cars won't be cheaper and you will get still lowest quality than any Japanese car.
Basically we are giving the greedy and powerful more money to cover their own mistakes and enabling them to bully us a little bit more.Is anyone else relieved that Bush, not Obama, is laying the groundwork to get us out of this financial crisis?
you know i give the man credit, he has done a good job at defending our country from terrorists and i think that the economic crisis came to late in his presidency for him to react effectively. personally i would have liked to see McCain become President, but i think that Obama will do a good job at dealing with the economy.
I have to note, that I am not living in the US, and I do not have first hand experience with either Bush or Obama.
But in the long term it does not matter who is making the decisions at the top.
These top leaders are the least free man in the world, as their decision are influenced by millions of factors. Their hands are always tied.
The real change will be and should be made by us.
The real cause for this crisis and in fact for any crisis around us, is our selfish relationships to each other. The only connection we have is how to exploit the others for self benefit.
And within our new global, integral era this behavior is destructive, can bring the whole system down.
So we, all of us have to understand what this globalization really means, and we have to change our attitudes to each other to survive in this system.
If we do that we will see it does not matter who is "sitting on the throne".
Here is a 5 minute movie you might find useful:
http://www.youtube.com/watch?v=g94iWT2SI鈥?/a>
All the best.Is anyone else relieved that Bush, not Obama, is laying the groundwork to get us out of this financial crisis?
You already heard from Obama himself..it will get worse before it gets better..how much worse? you tell me..You have to rethink all the roses you are throwing at Obama as a few years ago they were throwing roses at George W. Bush Junior the day after 911 he had a 90% approval rating..The public can be very fickle
I really like it that Bush is truly thinking about the incoming president. Whatever he does about the big 3 should be talked about between Bush and Obama. Now this is what I call bipartisanship. Too bad so many can't see it this way.
Relieved? No way.
To be relieved, one would have to believe that Bush knows what he is doing and has the best interests of the country in mind.
Based on his past performance, I don't believe either.
Just one more thing for Bush to screw up.
it was scary, huh? bush is the worst president ever, period. bush's legacy is one of failure. Even his own party thinks so, absolute fail.
I'm relieved that Bush is showing signs of life. I was afraid that psychopath Cheney would have to take over for the last month of lame duckdom, and do even worse damage.
No. He should not be celebrated for finally being President a month before he leaves and screwing us up for 8 years.
Prosecute!
Considering how well he has done in the last 8 years, I can only pray that he is out of office before he can do any more harm the this country.
no
Its scary that you think that there is any ground work getting done to get us out of this financial crisis.
Yes, since Bush did everything else right the last 8 years
/sarcasm.
Absolutely not.
its a patch plan. these jackasses will be done bt april. another 20 billion down the drain..
No-one I know.
Yes.
No.
Yes
Yes
no
Bush has done such a great job, I am surprised the American public hasn't risen up and demanded he be allowed to rule until his death. We are sooo much better off than we were 8 yrs ago, aren't we?
Bush is an idiot. I am sure what ever he does is not for the good of the American people, but for his buddies with money.
Pretty afraid that Obama can do it, aren't we? Unfortunately, America has no memory. Once Bush is out to pasture, there will be no credit for him...mopar coming soon to dvd
What in the world makes you think that Obama and Bush are not collaborating on how to work through these problems?
Both of them owe it to the citizens of this country not to let partisan divisions keep them from working toward mutually-agreeable solutions. And for the most part, the two agree on what steps needs to be taken.
Moreover, if Bush took a bunch of steps now that Obama would not want to take, Obama could just undo those steps after January 20. There's no point in Bush doing much that Obama wouldn't do.
You're relying simply on the fact that you like Bush better to draw your conclusions. When you look at the actual policies Bush is choosing to follow, you'll find that they're pretty much the same things Obama is recommending.Is anyone else relieved that Bush, not Obama, is laying the groundwork to get us out of this financial crisis?I hope you're kidding.
As a country we are now more in debt than we have ever been. The national debt is 10.6 TRILLION dollars. That's over $37,000 per US resident. The debt has increased over 500 billion dollars per year since 2003 -- that is entirely on Bush's watch. It's about twice what it was when he took office.
That's in addition to the real estate market plummeting due to the subprime mortgage fiasco, banks closing, and the auto industry now in peril. No, he didn't single-handedly cause the problems, but he sure as hell didn't step in to stop it when he should have. These problems did not appear all of a sudden overnight -- anybody with half a brain could see that we were in for a BIG mess with that mortgage crap.
Bush's legacy will be that he brought this country to near-ruin during a time that should have been prosperous for us. He didn't stop 9/11. He sat on his hands after Katrina. He got us into a war based on inaccurate intelligence. He allowed this country to get into a truly disgusting and insane amount of debt. That's his legacy.
Oh I agree, to bad it is to little to late. That sums up the past 8 years under Bush really. The first time ever in our history did we cut taxes in a time of war. Thx Bush
Wire Taps were started before 9/11...........
9/11happened turned out BushCo didn't ever read the warning reports to busy clearing brush on his fake ranch.
Iraq never was a threat there never was WMDs, but Afghanistan didn't have any good hard targets for our air power.
Katrina again clear more brush and goofing off.
How you people can still support him is shocking!!Is anyone else relieved that Bush, not Obama, is laying the groundwork to get us out of this financial crisis?Republicans have always been more responsible with money than Democrats have. Is it a good thing? maybe not. I am sorry to see the government make so many concession to big money making industries like the auto makers or the financial institutions.
I want to see the union lower the wage these people make in the auto industry. I want to see the cost of insurance lowered. I want to see a pay limit on all CEO, CFO and all management employers. I want to see bonuses cut off completely especially in this time of difficulties. I want to see some justice. banks, credit cards, financial institutions, auto makers all are being bailed out, interest rates are cut so they can borrow but what is passed on to us the consumers the average Joe? nothing. Banks are now stronger than they were because they know they are untouchable. They raise our interest rates when theirs are lowered. Auto makers will not make changes, cars won't be cheaper and you will get still lowest quality than any Japanese car.
Basically we are giving the greedy and powerful more money to cover their own mistakes and enabling them to bully us a little bit more.Is anyone else relieved that Bush, not Obama, is laying the groundwork to get us out of this financial crisis?
you know i give the man credit, he has done a good job at defending our country from terrorists and i think that the economic crisis came to late in his presidency for him to react effectively. personally i would have liked to see McCain become President, but i think that Obama will do a good job at dealing with the economy.
I have to note, that I am not living in the US, and I do not have first hand experience with either Bush or Obama.
But in the long term it does not matter who is making the decisions at the top.
These top leaders are the least free man in the world, as their decision are influenced by millions of factors. Their hands are always tied.
The real change will be and should be made by us.
The real cause for this crisis and in fact for any crisis around us, is our selfish relationships to each other. The only connection we have is how to exploit the others for self benefit.
And within our new global, integral era this behavior is destructive, can bring the whole system down.
So we, all of us have to understand what this globalization really means, and we have to change our attitudes to each other to survive in this system.
If we do that we will see it does not matter who is "sitting on the throne".
Here is a 5 minute movie you might find useful:
http://www.youtube.com/watch?v=g94iWT2SI鈥?/a>
All the best.Is anyone else relieved that Bush, not Obama, is laying the groundwork to get us out of this financial crisis?
You already heard from Obama himself..it will get worse before it gets better..how much worse? you tell me..You have to rethink all the roses you are throwing at Obama as a few years ago they were throwing roses at George W. Bush Junior the day after 911 he had a 90% approval rating..The public can be very fickle
I really like it that Bush is truly thinking about the incoming president. Whatever he does about the big 3 should be talked about between Bush and Obama. Now this is what I call bipartisanship. Too bad so many can't see it this way.
Relieved? No way.
To be relieved, one would have to believe that Bush knows what he is doing and has the best interests of the country in mind.
Based on his past performance, I don't believe either.
Just one more thing for Bush to screw up.
it was scary, huh? bush is the worst president ever, period. bush's legacy is one of failure. Even his own party thinks so, absolute fail.
I'm relieved that Bush is showing signs of life. I was afraid that psychopath Cheney would have to take over for the last month of lame duckdom, and do even worse damage.
No. He should not be celebrated for finally being President a month before he leaves and screwing us up for 8 years.
Prosecute!
Considering how well he has done in the last 8 years, I can only pray that he is out of office before he can do any more harm the this country.
no
Its scary that you think that there is any ground work getting done to get us out of this financial crisis.
Yes, since Bush did everything else right the last 8 years
/sarcasm.
Absolutely not.
its a patch plan. these jackasses will be done bt april. another 20 billion down the drain..
No-one I know.
Yes.
No.
Yes
Yes
no
Bush has done such a great job, I am surprised the American public hasn't risen up and demanded he be allowed to rule until his death. We are sooo much better off than we were 8 yrs ago, aren't we?
Bush is an idiot. I am sure what ever he does is not for the good of the American people, but for his buddies with money.
Pretty afraid that Obama can do it, aren't we? Unfortunately, America has no memory. Once Bush is out to pasture, there will be no credit for him...
鈥hat are the causes of the global financial crisis that is now ravaging the world economy?
one would be believing so much on financial market. companies started investing so much into financial business and the invested wanted more returns causing companies to invests on risky markets such as real estate. there is more than one reason but this is one of them. 鈥hat are the causes of the global financial crisis that is now ravaging the world economy?"It's All Yer Fault".......Who else can You Blame ?鈥hat are the causes of the global financial crisis that is now ravaging the world economy?Bush
it is republican ideology for small government, that has failed
the republicans be live in to interfering in the market , this is the consequence a recession heading towards depression
it is republican ideology for small government, that has failed
the republicans be live in to interfering in the market , this is the consequence a recession heading towards depression
Would someone be able to explain exactly what is going on with this whole financial crisis?
Let's just say I was gone for the past two weeks and have absolutely no idea what is going on both financially and economically in the United States. If someone could explain it to me, that would be wonderful because I am rather puzzled.Would someone be able to explain exactly what is going on with this whole financial crisis?Investors are coming to realize that the investments sold to them were way over priced and much riskier than they thought. Now they all are trying to sell and there are no buyers.Would someone be able to explain exactly what is going on with this whole financial crisis?I actually came across a podcast today that speaks to this very subject. Check it out at http://www.mfa-cpa.com/blog/index.php/38/
Would someone be able to explain exactly what is going on with this whole financial crisis?In one word - greed. This all started when prospective home buyers began taking out adjustable rate loans on which they would have to pay an extremely small interest rate for a year and a half or maybe two years. And then, when the rates on those loans began to increase dramatically, they found they couldn't meet the payments, and thereby began losing their homes to foreclosure. By and large, many of these poeple should've never been granted these loans, but due to greediness of the banks, they were. Moral of the story : Never borrow money that you can't pay back from lenders who fail to screen you properly to insure that you can pay back such loans...
Would someone be able to explain exactly what is going on with this whole financial crisis?In one word - greed. This all started when prospective home buyers began taking out adjustable rate loans on which they would have to pay an extremely small interest rate for a year and a half or maybe two years. And then, when the rates on those loans began to increase dramatically, they found they couldn't meet the payments, and thereby began losing their homes to foreclosure. By and large, many of these poeple should've never been granted these loans, but due to greediness of the banks, they were. Moral of the story : Never borrow money that you can't pay back from lenders who fail to screen you properly to insure that you can pay back such loans...
Does anyone agree on Robert Peston's new model of capitalism in the wake of this global financial crisis?
Can the instinctive drive to satisfy exponential wealth ever be tamed.Does anyone agree on Robert Peston's new model of capitalism in the wake of this global financial crisis?Robert Peston is an idiot. Anyone who does a program talking about the banking bailout as shallow as he did is not worth taking seriously. He is only touted as an "economics expert" because he is sprouting the drivel that the financial elite want him to. They are the ones who provide him the forums to spread his nonsense, so they can quietly fleece you.
How can someone commenting on this government bailout avoid asking the question surely everyone must have been thinking. That is: If the government have decided to use OUR money to bail out the banks then the banks are allowed to carry on their business as before. The government merely says we do not interfere in the way banks are run, then why the hell did we bail them out? Can I run up huge debts with a massively flawed business plan and have the government bail me out?
The whole bloody point is we don't want to be in this mess again so if OUR money is being used then I wish the government to tell banks how they should or should not be running things.
That's better it has been really annoying me. That and the stupid Robert Peston. Don't agree with a word he says.Does anyone agree on Robert Peston's new model of capitalism in the wake of this global financial crisis?
Markets are driven by human greed and fear. What we need is little less greed and a bit more fear! Hopefully the current crisis will help to induce this.
I think it's only just been realised how important the banking system is to a modern economy. Maybe it's too important to be entrusted to private companies? The currency is controlled by the state, so maybe banking should be too (e.g. Northern Rock). I'm not a socialist by any means, but I do think a stable financial system is a Good Thing, and if it takes state ownership to achieve it, then I'm in favour.Does anyone agree on Robert Peston's new model of capitalism in the wake of this global financial crisis?I managed to stay awake for about 10 minutes during the BBC Panorama programme re: the journalist: Robert Peston (yawn)...
... the comment, repeated (yawn) that the banks etc., could not foresee the banking crisis alerted me to the many aspects the media and experts have failed to report...
It was obvious in the 1980's the banks were not recouping losses and there was a looming crisis (see: source for documented evidence).
Robert Peston is making money now as if he is an economic guru.
Yet he fails to observe the trend that people have, are still trying to, borrow as if there is no tomorrow...
We have more than a crisis of confidence - many people are desperate for somewhere affordable to live, to get out of the rut caused by love of money (avarice) which is ruining so much...
I don't understand anyone who believes consuming more is the answer for the future. We have dwindling resources, and growing populations.
Therefore the future model has to be sustainable, and based on moderation, sharing and caring about fellow human beings and our ancient planet - which is, sadly, suffering from exploitation.Does anyone agree on Robert Peston's new model of capitalism in the wake of this global financial crisis?
Hedgehog, state ownership of banks would create more problems than it solves, not to mention the fact that it would require seizure of private assets.Does anyone agree on Robert Peston's new model of capitalism in the wake of this global financial crisis?Can the instinctive drive to satisfy exponential wealth ever be tamed?
I reckon it can yeah. The earth is finite...
How can someone commenting on this government bailout avoid asking the question surely everyone must have been thinking. That is: If the government have decided to use OUR money to bail out the banks then the banks are allowed to carry on their business as before. The government merely says we do not interfere in the way banks are run, then why the hell did we bail them out? Can I run up huge debts with a massively flawed business plan and have the government bail me out?
The whole bloody point is we don't want to be in this mess again so if OUR money is being used then I wish the government to tell banks how they should or should not be running things.
That's better it has been really annoying me. That and the stupid Robert Peston. Don't agree with a word he says.Does anyone agree on Robert Peston's new model of capitalism in the wake of this global financial crisis?
Markets are driven by human greed and fear. What we need is little less greed and a bit more fear! Hopefully the current crisis will help to induce this.
I think it's only just been realised how important the banking system is to a modern economy. Maybe it's too important to be entrusted to private companies? The currency is controlled by the state, so maybe banking should be too (e.g. Northern Rock). I'm not a socialist by any means, but I do think a stable financial system is a Good Thing, and if it takes state ownership to achieve it, then I'm in favour.Does anyone agree on Robert Peston's new model of capitalism in the wake of this global financial crisis?I managed to stay awake for about 10 minutes during the BBC Panorama programme re: the journalist: Robert Peston (yawn)...
... the comment, repeated (yawn) that the banks etc., could not foresee the banking crisis alerted me to the many aspects the media and experts have failed to report...
It was obvious in the 1980's the banks were not recouping losses and there was a looming crisis (see: source for documented evidence).
Robert Peston is making money now as if he is an economic guru.
Yet he fails to observe the trend that people have, are still trying to, borrow as if there is no tomorrow...
We have more than a crisis of confidence - many people are desperate for somewhere affordable to live, to get out of the rut caused by love of money (avarice) which is ruining so much...
I don't understand anyone who believes consuming more is the answer for the future. We have dwindling resources, and growing populations.
Therefore the future model has to be sustainable, and based on moderation, sharing and caring about fellow human beings and our ancient planet - which is, sadly, suffering from exploitation.Does anyone agree on Robert Peston's new model of capitalism in the wake of this global financial crisis?
Hedgehog, state ownership of banks would create more problems than it solves, not to mention the fact that it would require seizure of private assets.Does anyone agree on Robert Peston's new model of capitalism in the wake of this global financial crisis?Can the instinctive drive to satisfy exponential wealth ever be tamed?
I reckon it can yeah. The earth is finite...
Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
yes he does but he could not give a rat patootie.
It is all about how much his family/inlaws/wife and rich cronies can hose the rest of us working folk for. Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?John Mc Cain lives in a state of constant denial ! I doubt it!Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
What does he care? He's rich, it doesn't hurt him, and he doesn't give a f*ck about anyone who does get hurt anyway.Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?Looks like you need an education.
Vote for fraud, vote Obama!
If it were the fault of the Republicans the newly elected Democratic Senate would have come forward with this shortly after they were elected to office. If for no other reason than to be able to discredit the Republican Party. Get it?Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?He admitted he doesn't know much about economics. Do you think he would take the time to think about deregulation?Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
Yes, he's completely aware, but will never admit it.
In fact, he's guilty of the same gross negligence twice!
1n 1982, he sponsored the Germaine-Garn Act which deregulated the S%26amp;L's and caused their collapse.
In 1999, he sponsored the Gramm-Leech-Bliley Act which has caused the current mortgage industry failure and the economic crisis we have right now.
Poor McSame. He is so confused about who he is and why he's losing that I don't think he "realizes" anything right now. He sat there with a straight face and told Brian Williams he "absolutely" thought Palin could handle another 9/11. He has twisted his own actions and those of Obama until he must feel like a pretzel. He slams Obama for being associated with ACORN but conveniently forgets to mention he spoke before their convention two years ago and praised them to high heavens.
He is so done, and he is so angry about that.Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
The Dems are the ones who are involved in the deregulation and forcing banks to give out loans to people who couldn't afford them. Get your facts straight. McCain was one who spoke out for regulations.
You have your facts wrong. The Democratic congress believed it was well, so they rejected the bill to regulate the mortgage industry, specifically Fannie and Freddie. Barney Franks, Maxine Waters and the rest of the Democrats that rejected regulations should be to blame, together with greedy home buyers and banks who approved risky loans, and not McCain.
I don't know whether he doesn't know, or doesn't care.
He STILL says that deregulation is a good thing (just not right at the moment, until after we rescue all the thieves from the consequences of their actions).
He shills for his corporate bosses, whether he understands the consequences or not.
It is all about how much his family/inlaws/wife and rich cronies can hose the rest of us working folk for. Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?John Mc Cain lives in a state of constant denial ! I doubt it!Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
What does he care? He's rich, it doesn't hurt him, and he doesn't give a f*ck about anyone who does get hurt anyway.Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?Looks like you need an education.
Vote for fraud, vote Obama!
If it were the fault of the Republicans the newly elected Democratic Senate would have come forward with this shortly after they were elected to office. If for no other reason than to be able to discredit the Republican Party. Get it?Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?He admitted he doesn't know much about economics. Do you think he would take the time to think about deregulation?Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
Yes, he's completely aware, but will never admit it.
In fact, he's guilty of the same gross negligence twice!
1n 1982, he sponsored the Germaine-Garn Act which deregulated the S%26amp;L's and caused their collapse.
In 1999, he sponsored the Gramm-Leech-Bliley Act which has caused the current mortgage industry failure and the economic crisis we have right now.
Poor McSame. He is so confused about who he is and why he's losing that I don't think he "realizes" anything right now. He sat there with a straight face and told Brian Williams he "absolutely" thought Palin could handle another 9/11. He has twisted his own actions and those of Obama until he must feel like a pretzel. He slams Obama for being associated with ACORN but conveniently forgets to mention he spoke before their convention two years ago and praised them to high heavens.
He is so done, and he is so angry about that.Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
The Dems are the ones who are involved in the deregulation and forcing banks to give out loans to people who couldn't afford them. Get your facts straight. McCain was one who spoke out for regulations.
You have your facts wrong. The Democratic congress believed it was well, so they rejected the bill to regulate the mortgage industry, specifically Fannie and Freddie. Barney Franks, Maxine Waters and the rest of the Democrats that rejected regulations should be to blame, together with greedy home buyers and banks who approved risky loans, and not McCain.
I don't know whether he doesn't know, or doesn't care.
He STILL says that deregulation is a good thing (just not right at the moment, until after we rescue all the thieves from the consequences of their actions).
He shills for his corporate bosses, whether he understands the consequences or not.
Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
Let's make sure everyone knows McCain can't get us out of the mess he got us into in the first place. And oh yes McCain knows he caused this crisis the real question is does he care. I say No!
Never under estimate the power of money and corruption, both of which McCain has on his side. Do you think Halliburton or KBR, all the War profiteers want to loose their profits? Do you think the powerful lobbyist want to loose their ability to write Our laws to their benefit? We just gave Wall Street 700 billion to screw the people and they are still functioning without regulation. In 2000 it took the Supreme Court to give Bush his Presidency to destroy America. I don't under estimate the power of money or corruption of Mc Cain and religious right Palin.Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?Hell no. He doesn't know what he has done. But he was a POW don'tcha know!Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
He'd realize it if it were true.Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?That's a good question. I do think so, which is why he tried to lie and blame everything on Obama.Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
A lot of things helped cause the crisis, including programs championed by Democrats to increase home ownership, although many of those people couldn't afford houses. Many of the bad mortgages causing the credit crisis are the result of this regulation. This is just one example of regulation (not deregulation) helping to cause the crisis. Many of these Democrats were among the largest recipients of contributions from Fannie Mae and Freddie. Christopher Dodd, head of the Senate Banking Committee, also got a special mortgage rate from Angelo Mozillo, ex-head of Countrywide mortgage, another source of subprime mortgages, and said he didn't realize it was a "personal favor".
In the debates, McCain tried to point this out, and Obama said "there's a lot of blame to go around", before repeating his "all deregulation is bad" talking point.
McCain tried to reform Fannie and Freddie, but was blocked by some key Dems and others. Obama's experience is summarized (on ONE page) at obamasresume.org. There's nothing there about reform of the financial system. In fact, there's not much of anything.
In addition, some of the key deregulation legislation was championed and signed by BILL CLINTON.
I'm not saying McCain is blameless, but it takes a lot of people to cause a crisis this big.Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?In reference to the previous answers , yeah, there's blame enough to go around, but I can't help thinking that a lot of those people that lost their homes would not have defaulted if our jobs hadn't been shipped overseas and our national treasure squandered in Iraq. While the poorest got poorer, it was the middle class getting poorer that lost their jobs and homes, waiting for that "trickle down" from the rich who got richer yet. Weren't those tax cuts for the wealthy Bush enacted and McCain wants to continue supposed to prevent this?the office full episodes electric car
Never under estimate the power of money and corruption, both of which McCain has on his side. Do you think Halliburton or KBR, all the War profiteers want to loose their profits? Do you think the powerful lobbyist want to loose their ability to write Our laws to their benefit? We just gave Wall Street 700 billion to screw the people and they are still functioning without regulation. In 2000 it took the Supreme Court to give Bush his Presidency to destroy America. I don't under estimate the power of money or corruption of Mc Cain and religious right Palin.Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?Hell no. He doesn't know what he has done. But he was a POW don'tcha know!Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
He'd realize it if it were true.Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?That's a good question. I do think so, which is why he tried to lie and blame everything on Obama.Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?
A lot of things helped cause the crisis, including programs championed by Democrats to increase home ownership, although many of those people couldn't afford houses. Many of the bad mortgages causing the credit crisis are the result of this regulation. This is just one example of regulation (not deregulation) helping to cause the crisis. Many of these Democrats were among the largest recipients of contributions from Fannie Mae and Freddie. Christopher Dodd, head of the Senate Banking Committee, also got a special mortgage rate from Angelo Mozillo, ex-head of Countrywide mortgage, another source of subprime mortgages, and said he didn't realize it was a "personal favor".
In the debates, McCain tried to point this out, and Obama said "there's a lot of blame to go around", before repeating his "all deregulation is bad" talking point.
McCain tried to reform Fannie and Freddie, but was blocked by some key Dems and others. Obama's experience is summarized (on ONE page) at obamasresume.org. There's nothing there about reform of the financial system. In fact, there's not much of anything.
In addition, some of the key deregulation legislation was championed and signed by BILL CLINTON.
I'm not saying McCain is blameless, but it takes a lot of people to cause a crisis this big.Do you think McCain realizes that deregulation policies he sponsored helped to cause the financial crisis?In reference to the previous answers , yeah, there's blame enough to go around, but I can't help thinking that a lot of those people that lost their homes would not have defaulted if our jobs hadn't been shipped overseas and our national treasure squandered in Iraq. While the poorest got poorer, it was the middle class getting poorer that lost their jobs and homes, waiting for that "trickle down" from the rich who got richer yet. Weren't those tax cuts for the wealthy Bush enacted and McCain wants to continue supposed to prevent this?
Christians: Are you concerned about the great financial crisis?
The bible teaches us that the wealth of the wicked is laid up for the righteous. Do you think this might be what is happening? If God be for us, who can be against us?Christians: Are you concerned about the great financial crisis?True Christians do not have the love of money in them, neither do they have their hope this world, nor do they take thought for the means of life. True Christians do have the love of God in them, and they do hope for the kingdom that is not of this world, and they are content with food, clothes, and shelter. They first seek for the kingdom of God and His righteousness, and they trust God, that what they need will be added to them. This matter is the principle of trust, and who do we really rely on; and our heart will be wherein we do truly trust.
(I Timothy.6:8,9,10)
(Matthew.6:33,34)
(Matthew.6:19-21)Christians: Are you concerned about the great financial crisis?
There is talk about the government buying up some of the failed banks. THAT concerns me.Christians: Are you concerned about the great financial crisis?I watch it all, but already I know, there is a great plan to make right the wrongs, but since we are to be doers not just sayers, then where do we stand, if we do not stand at all, many things are wrong, the scales are tilted way to far to one side, if you read in full, we were to take part in keeping right right, and if not? It also says to wait for the sons to be made manifest, and just what is it they will do? Giving God your burden? Here is what it says about casting your burdens upon the LORD; Jeremiah 23:33, And when this people, or the prophet, or a priest, shall ask thee, saying, what is the burden of the LORD? thou shalt then say unto them, What burden? I will even forsake you, saith the LORD. Then it goes on to tell the punishment!
yes its not fun for anybody..Christians: Are you concerned about the great financial crisis?Psalms 37:25 I have been young, and now am old; yet have I not seen the righteous forsaken, nor his seed begging bread.
Christians: Are you concerned about the great financial crisis?
Just wait until your local church goes bankrupt.
Chris: If Jesus is your provider, I guess you won't be needing all of your financial assets. Contact me and I can show you how to get rid of all that stuff.
There is no financial crisis for those who believe.Christians: Are you concerned about the great financial crisis?
I agree with Chris, he got it right
Hello,
On this earthly plain there is no guarantee for wealth even if you are religious and righteous. Ted Turner who said Christianity is for losers through to Hugh Heffner and other so called sinners who flaunt God are doing very well financially thank you very much. Many I know in various Christian churches who go to church, work hard and praise the Lord have rough financial times as well as trials and tribulations like most of us.
Cheers,
Michael Kelly
No
first of all the only reason there will be a crisis is if people panic as they are. if we all stay calm and continue on then we will pull out of it after the election it may take a few months but we will be fine if everyone does not panic. that is what the media wants us to do is panic. if we do we will cause it ourselves so just stay calm maybe cut down a little on spending on unnecessary items but other than that live just the same.
give God your burdens in prayer and have NO worries :)
I could care less about it. Not like it's never happened before. If it's for the Great Tribulation to start, I say, bring it on, get this system over and done with so God can get things in gear for everlasting life to come into play.
Like it has been said, "God is our provider and we ought not to worry." Still, I think we have to hold people accountable when we have the power to do so. That is why whether or not my Senator is a Senior Senator and he has been there over 4 years, I will vote against him.
This financial blunder will cost every American man, woman and child no matter what your age $37,500.00 in taxes. It will be passed down to our children and grandchildren for those of us too old to pay it off in our life time and passed down with interest added on.
This is what your Senior Senator got you is he worth it?
"Therefore do not worry about tomorrow, for tomorrow will worry about its own things."
I am not really worried. God's will be done. No, I think that we are headed for National Ruin. First is National Apostasy, and then National Ruin, and then the Great Tribulation, which we all must go through. Remember Jesus said "And he that overcometh, and keepeth my works unto the end, to him will I give power over the nations:" Revelation 2:26. So take courage, we can overcome, we can endure unto the end!
I was actually talking to an Elder the other day about this. I told him that while we would all suffer and that it would be sad seeing people go through this, the thought of what is happening actually brings some joy to my heart. Why? Because I am praying that this is the beginning of the end of this system. He whole heartedly agreed with me because if you look at the bigger picture and believe that Jehovah's divine word is true; e.g. He will wipe the tears from every eye, pain, sickness %26amp; death will be no more... then you can have that hope in His promises. He never fails us.
Matt. 6:9-13
You must pray this way...
Our Father in the heavens, let your name be sanctified.
10.) 聽Let your kingdom come. Let your will take place, as in heaven, also upon earth.
11.) 聽Give us today our bread for this day;
12.)聽 and forgive us our debts, as we also have forgiven our debtors. 13.) 聽And do not bring us into temptation, but deliver us from the wicked one
No, I don't worry. And Chris is correct. And so are you - God is in control.
We should be aware of what is going on and responsible citizens. But to worry is a sin.
I trust God to provide - Jehovah Jireh.
I'm not worried about any financial thing, because Jesus is my Provider. all thanks go to Jesus! :)
(I Timothy.6:8,9,10)
(Matthew.6:33,34)
(Matthew.6:19-21)Christians: Are you concerned about the great financial crisis?
There is talk about the government buying up some of the failed banks. THAT concerns me.Christians: Are you concerned about the great financial crisis?I watch it all, but already I know, there is a great plan to make right the wrongs, but since we are to be doers not just sayers, then where do we stand, if we do not stand at all, many things are wrong, the scales are tilted way to far to one side, if you read in full, we were to take part in keeping right right, and if not? It also says to wait for the sons to be made manifest, and just what is it they will do? Giving God your burden? Here is what it says about casting your burdens upon the LORD; Jeremiah 23:33, And when this people, or the prophet, or a priest, shall ask thee, saying, what is the burden of the LORD? thou shalt then say unto them, What burden? I will even forsake you, saith the LORD. Then it goes on to tell the punishment!
yes its not fun for anybody..Christians: Are you concerned about the great financial crisis?Psalms 37:25 I have been young, and now am old; yet have I not seen the righteous forsaken, nor his seed begging bread.
Christians: Are you concerned about the great financial crisis?
Just wait until your local church goes bankrupt.
Chris: If Jesus is your provider, I guess you won't be needing all of your financial assets. Contact me and I can show you how to get rid of all that stuff.
There is no financial crisis for those who believe.Christians: Are you concerned about the great financial crisis?
I agree with Chris, he got it right
Hello,
On this earthly plain there is no guarantee for wealth even if you are religious and righteous. Ted Turner who said Christianity is for losers through to Hugh Heffner and other so called sinners who flaunt God are doing very well financially thank you very much. Many I know in various Christian churches who go to church, work hard and praise the Lord have rough financial times as well as trials and tribulations like most of us.
Cheers,
Michael Kelly
No
first of all the only reason there will be a crisis is if people panic as they are. if we all stay calm and continue on then we will pull out of it after the election it may take a few months but we will be fine if everyone does not panic. that is what the media wants us to do is panic. if we do we will cause it ourselves so just stay calm maybe cut down a little on spending on unnecessary items but other than that live just the same.
give God your burdens in prayer and have NO worries :)
I could care less about it. Not like it's never happened before. If it's for the Great Tribulation to start, I say, bring it on, get this system over and done with so God can get things in gear for everlasting life to come into play.
Like it has been said, "God is our provider and we ought not to worry." Still, I think we have to hold people accountable when we have the power to do so. That is why whether or not my Senator is a Senior Senator and he has been there over 4 years, I will vote against him.
This financial blunder will cost every American man, woman and child no matter what your age $37,500.00 in taxes. It will be passed down to our children and grandchildren for those of us too old to pay it off in our life time and passed down with interest added on.
This is what your Senior Senator got you is he worth it?
"Therefore do not worry about tomorrow, for tomorrow will worry about its own things."
I am not really worried. God's will be done. No, I think that we are headed for National Ruin. First is National Apostasy, and then National Ruin, and then the Great Tribulation, which we all must go through. Remember Jesus said "And he that overcometh, and keepeth my works unto the end, to him will I give power over the nations:" Revelation 2:26. So take courage, we can overcome, we can endure unto the end!
I was actually talking to an Elder the other day about this. I told him that while we would all suffer and that it would be sad seeing people go through this, the thought of what is happening actually brings some joy to my heart. Why? Because I am praying that this is the beginning of the end of this system. He whole heartedly agreed with me because if you look at the bigger picture and believe that Jehovah's divine word is true; e.g. He will wipe the tears from every eye, pain, sickness %26amp; death will be no more... then you can have that hope in His promises. He never fails us.
Matt. 6:9-13
You must pray this way...
Our Father in the heavens, let your name be sanctified.
10.) 聽Let your kingdom come. Let your will take place, as in heaven, also upon earth.
11.) 聽Give us today our bread for this day;
12.)聽 and forgive us our debts, as we also have forgiven our debtors. 13.) 聽And do not bring us into temptation, but deliver us from the wicked one
No, I don't worry. And Chris is correct. And so are you - God is in control.
We should be aware of what is going on and responsible citizens. But to worry is a sin.
I trust God to provide - Jehovah Jireh.
I'm not worried about any financial thing, because Jesus is my Provider. all thanks go to Jesus! :)
How best could an individual market speculator [w/ liquidity] take advantage of the current financial crisis?
.
In other words: What are the best speculative market/investment opportunities available at the moment? Notice, I did NOT say the most prudent and/or risk mitigated opportunities - I said SPECULATIVE investment.
Also: What in your opinion, is the best long-term [value or otherwise] investment opportunity at the moment?
.How best could an individual market speculator [w/ liquidity] take advantage of the current financial crisis?I suggest such people taking out a high-value short term life insurance policy on themselves, and then double park their SUV in front of a bar where they ostentatiously drink top-shelf booze and bray 'supply-side economics' and brag about investing in foreclosures, all peppered with the occasional sexist or racist jokes. Lots of guffawing and back-slapping, or butt-rubbing for distaff accessories.
The return on such an investment should be quick, substantial, and fully merited.How best could an individual market speculator [w/ liquidity] take advantage of the current financial crisis?
My advice is to look into Peter Schiff who wrote "crash proof". He has some interesting advice about what you should do in the current situation. How best could an individual market speculator [w/ liquidity] take advantage of the current financial crisis?In my opinion, I think it's great time to be long in the market. As for speculative I think you should have shorted on margin last month, lol.
The rule in the market is buy low/sell high. The stock market is on sale right now. In a recession, inflation ruins the value of money anyway, so why not invest.How best could an individual market speculator [w/ liquidity] take advantage of the current financial crisis?YOU NEED TO PAY ATTENTION TO THE THINGS THAT POOR PEOPLE MUST BUY EVEN IN A BAD ECONOMY.
THINGS LIKE,
1) Diapers
2) Baby foods
3) Medications
3) Low cost foods
4) Frozen foods
5) Automotive parts
6) Dollar stores, etc...
Even middle class folks are doing without a lot of things they are used to spending money on. We are staying home more, eating out less, and can't afford gasoline for trips. People are going to hold off on buying new cars, but motorcycles and bicycles will sell well. People are going to be doing more of their own car repairs and will hold off on home improvements.
EDIT: An economist interviewed on PBS says that middle-class working people who commute 50 miles or more to work by car will average spending 25% of their income on transportation. People living in cities who use public transportation will average spending 9% of their income on transportation.How best could an individual market speculator [w/ liquidity] take advantage of the current financial crisis?
Forex investment will be doing the best.Last week i made 50% of money and which i think pretty good as long you play safe.Need further explanation you can email me at skresources1@yahoo.com
The Canadian dollar has lost big against the dollar in the last two weeks, and Canadian stocks are taking huge and undeserved hits. You have to calculate the possibility of new taxes going into effect for foreign investors, but there are sectors in Canadian stocks that are paying huge dividends now. If the US dollar and the Canadian dollar stabilize and return to the levels of the summer, the capital gains alone would be huge, plus you have the income.
However, there is no guarantee that the dollar value will do anything other than climb, even though the Canadian dollar is just as safe or safer. If the crisis deepens, foreign investors will probably see the US dollar as the safest. The bet on the Canadian dollar would be that the crisis doesn't get much worse than it is now.
I'm not a speculative investor, so I don't have any good tips beyond the one I just mentioned.
However, on the value or income, if it was a good investment two weeks ago, with a few obvious exceptions, it will be a great investment now for those who have the money. Warren Buffet is buying like mad right now.
If you have a stock you know is sound, buy it. Just be careful not to put too much of your portfolio in any one sector or especially in any one stock.
We are looking for things people "are always going to need," like food, housing, and medical care.
Luxuries are not your best bet in a recession.How best could an individual market speculator [w/ liquidity] take advantage of the current financial crisis?
Hedge Fund.
In other words: What are the best speculative market/investment opportunities available at the moment? Notice, I did NOT say the most prudent and/or risk mitigated opportunities - I said SPECULATIVE investment.
Also: What in your opinion, is the best long-term [value or otherwise] investment opportunity at the moment?
.How best could an individual market speculator [w/ liquidity] take advantage of the current financial crisis?I suggest such people taking out a high-value short term life insurance policy on themselves, and then double park their SUV in front of a bar where they ostentatiously drink top-shelf booze and bray 'supply-side economics' and brag about investing in foreclosures, all peppered with the occasional sexist or racist jokes. Lots of guffawing and back-slapping, or butt-rubbing for distaff accessories.
The return on such an investment should be quick, substantial, and fully merited.How best could an individual market speculator [w/ liquidity] take advantage of the current financial crisis?
My advice is to look into Peter Schiff who wrote "crash proof". He has some interesting advice about what you should do in the current situation. How best could an individual market speculator [w/ liquidity] take advantage of the current financial crisis?In my opinion, I think it's great time to be long in the market. As for speculative I think you should have shorted on margin last month, lol.
The rule in the market is buy low/sell high. The stock market is on sale right now. In a recession, inflation ruins the value of money anyway, so why not invest.How best could an individual market speculator [w/ liquidity] take advantage of the current financial crisis?YOU NEED TO PAY ATTENTION TO THE THINGS THAT POOR PEOPLE MUST BUY EVEN IN A BAD ECONOMY.
THINGS LIKE,
1) Diapers
2) Baby foods
3) Medications
3) Low cost foods
4) Frozen foods
5) Automotive parts
6) Dollar stores, etc...
Even middle class folks are doing without a lot of things they are used to spending money on. We are staying home more, eating out less, and can't afford gasoline for trips. People are going to hold off on buying new cars, but motorcycles and bicycles will sell well. People are going to be doing more of their own car repairs and will hold off on home improvements.
EDIT: An economist interviewed on PBS says that middle-class working people who commute 50 miles or more to work by car will average spending 25% of their income on transportation. People living in cities who use public transportation will average spending 9% of their income on transportation.How best could an individual market speculator [w/ liquidity] take advantage of the current financial crisis?
Forex investment will be doing the best.Last week i made 50% of money and which i think pretty good as long you play safe.Need further explanation you can email me at skresources1@yahoo.com
The Canadian dollar has lost big against the dollar in the last two weeks, and Canadian stocks are taking huge and undeserved hits. You have to calculate the possibility of new taxes going into effect for foreign investors, but there are sectors in Canadian stocks that are paying huge dividends now. If the US dollar and the Canadian dollar stabilize and return to the levels of the summer, the capital gains alone would be huge, plus you have the income.
However, there is no guarantee that the dollar value will do anything other than climb, even though the Canadian dollar is just as safe or safer. If the crisis deepens, foreign investors will probably see the US dollar as the safest. The bet on the Canadian dollar would be that the crisis doesn't get much worse than it is now.
I'm not a speculative investor, so I don't have any good tips beyond the one I just mentioned.
However, on the value or income, if it was a good investment two weeks ago, with a few obvious exceptions, it will be a great investment now for those who have the money. Warren Buffet is buying like mad right now.
If you have a stock you know is sound, buy it. Just be careful not to put too much of your portfolio in any one sector or especially in any one stock.
We are looking for things people "are always going to need," like food, housing, and medical care.
Luxuries are not your best bet in a recession.How best could an individual market speculator [w/ liquidity] take advantage of the current financial crisis?
Hedge Fund.
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