The feds can create a lot of jobs with credit ... until the credit runs out.

Government is like a vampire that keeps itself alive by sucking the life out of the private economy.

Let the economy go to hell. We shall see who is in the drivers seat.

sudan isn't burdened with big government, low taxes, cheap labor, it's a paradise for free trade folks. Don't let the door hit you in the ass on your way out of America.

I can hear the worst depression in the history of the world speeding down the tracks. Not good.

The two socialists above me are not prepared for it. Good. Out of this disaster, there IS some justice.

#2 | Posted by jackass

That would be Obammy.

Worry not folks, Democrats have a plan:

"the idea is for the government to take your retirement savings in return for a promise to pay you some monthly benefit in your retirement years.

They will tell you that you are "investing" your money in U.S. Treasury bonds. But they will use your money immediately to pay for their unprecedented trillion-dollar budget deficits, leaving nothing to back up their political promises, just as they have raided the Social Security trust funds.

This "conversion" may start out as an optional choice, though you are already free to buy Treasury bonds whenever you want...

This proposal follows hearings held last fall by House Education and Labor Committee Chairman George Miller, D-Calif., and Rep. Jim McDermott, D-Wash., of the Ways and Means Committee focusing on "redirecting (IRA and 401k) tax breaks to a new system of guaranteed retirement accounts to which all workers would be obliged to contribute,"

Personally, I think the most technical and accurate description of the current situation can be found in a phrase that has been used in the past to describe a number of things, and in this case, is most fitting.

"lipstick on a pig"

The Exalted and Glorious Community Organizer is one stubborn SOB. He's also a very slow learner:

"The Rasmussen Reports daily Presidential Tracking Poll for Sunday shows that 22% of the nation's voters Strongly Approve of the way that Barack Obama is performing his role as President. That is the lowest level of strong approval yet recorded for this President.

Forty-one percent (41%) Strongly Disapprove giving Obama a Presidential Approval Index rating of -19. The Approval Index has been lower only on one day during Barack Obama's thirteen months in office (see trends). The previous low came on December 22 as the Senate was preparing to approve its version of the proposed health care legislation. The current lows come as the President is once again focusing attention on the health care legislation."

"Good. Out of this disaster, there IS some justice."

Always nice to read Ray's posts which express his hope for misfortune to befall any who disagree with him. I get a laugh when I read his pathetic whines.

Always nice to read Ray's posts which express his hope for misfortune to befall any who disagree with him. I get a laugh when I read his pathetic whines.

Talk about pathetic whining over disagreement. Just before, Danni said, "sudan isn't burdened with big government, low taxes, cheap labor, it's a paradise for free trade folks. Don't let the door hit you in the ass on your way out of America."

For socialist thugs who live in Florida, it's a short boat ride to that socialist paradise, Cuba. They have no free trade and you'll love the climate.

"The fundamentals of the economy are strong."

John McBush

Banks that fail were mismanaged by their executives who took excessive risks. Their failure is not a sign of a weak economy, it's a sign of weak and greedy leadership by bankers. The depositors will be protected, thanks to the creation of the FDIC with the Glass-Steagall Act (named for Democrats Carter Glass and Henry Steagall) in 1933.

One of the reasons our banks got into so much trouble was that the Republican-led Congress thought it would be a great idea to repeal the Glass-Steagall Act in 1999.

Paper money and debt-centered budgeting. If this is not becoming worse, then someone ought to question his definition of better.

"For socialist thugs"

Oooh, so now I'm a thug. That's pretty funny.

Ray,

I am thinking.

Since the government is deep in debt, they are not hoarding money.

The government borrows money and increases the supply of cash.

It is the people who control cash and who are hoarding it for themselves who would be the vampires and to blame for the worsening economy.

People in power (company top mgt for example) who control cash are keeping more and more for themselves and paying less and less to labor. That is a proven trend the last few decades.

Wouldn't that be the vampire, not the government?

And Sarah Palin's daughter was only a little pregnant.

Since the government is deep in debt, they are not hoarding money. The government borrows money and increases the supply of cash.

I never cease to be amazed how people defend government reckless waste and corruption, actions that hurt us all. By creating money out of nothing to pay their debts, they are running a massive Ponzi Scheme that raises the cost of living.

People in power (company top mgt for example) who control cash are keeping more and more for themselves and paying less and less to labor. That is a proven trend the last few decades.
Wouldn't that be the vampire, not the government?

Would you rather they pay more to labor and risk runing out of cash? Then have to lay everybody off. Saving is a prudent way to have enough cash to get us through hard times.

Your logic is reversed. Government is the vampire that is sucking the life out of the private economy. Self preservation is a natural reaction.

"Would you rather they pay more to labor and risk runing out of cash?"

Well...yes.

Don't use scare tactics on me.