Ferd, how are you buddy? I haven't been on AFF since January ( i think).
Anyhow, I was just wondering, what does people like Aqullia and the other Obama lovers think now?? Are they still defending him ?? Do they still support and like what's taking place? even what you just mentioned in your starting post?? surely not!
Hey bro! Good to hear from you!
Honestly I dont want this thread to go down that road. there are plenty of those threads. I think in large measure the supporters are the supporters.
__________________ If I do something stupid blame the Lortab!
America is not what she was, and America will never again be what she was.
That's not pessimism, that's reality.
Actually debt reduction with a dollar going down is not good. If you start making 20,000 dollars a week in 2 years, debt service is easy. This is why china is afraid of dollars. The paying of debt in a few years gives them dollars worth less than pesos.
This correction you speak of includes debt to china at a level that requires 60% of all tax recipts to pay the interest?
I am all about paying down the debt. I agree with you guys that this should be a priority. Still, why weren't we doing anything about this when the republicans were in control. The problem has been there my whole life and we have never done anything about it.
I am all about paying down the debt. I agree with you guys that this should be a priority. Still, why weren't we doing anything about this when the republicans were in control. The problem has been there my whole life and we have never done anything about it.
The issue is that the Republicans can say ... look what Obama is doing... and before... the Democrats could say... Look what Bush is doing.
The fact is this... no matter who is in office this spiral continues and it does so across party lines.
This issue is beyond partisan politics. This is about a bi-partisan spiral to destruction and both parties can claim more blame than there is room to spread it.
We have a fiat economy. What that means is the actual value of the dollar bills you carry is based on the perceived value of the American economy as a whole.
Now when the American economy dominates the world, that dollar buys a whole lot of stuff. It does so because everyone wants it. where their economies are unstable ours is stable and thus the reason they want our dollars.
Now consider the value of anything is based on how many people want it, vs how many of the objects there are available.
If you are the only apple farmer in the world and you produce a very tasty fruit, the whole world wants your apples and you can simply "sell to the highest bidder". people with lots to offer you get apples while those with nothing eat pears.
Now if somehow, some folk learn how to grow apples and their apples taste as good as yours then there are now more people with apples to sell, there are more apples and now, there are more bidders that can win apples.
Your apples lost value because there are more apples out there....BUT
What if instead of more apples being out there, the pear farmers figure out that if they can get people to hate apples, then more people will want pears?
Let’s say for some reason that apples start making people really really sick. Now nobody wants your apples. You may have the only apples on the world but if nobody wants your apples they have no value.
The American economy is seeing both of these things happen. Other nations like China and Europe have stable and valuable currency. some people want theirs now to go with ours.... that makes ours less valuable because the market place now has options (more apples from other growers)
At the same time, our economy is NOT stable and our government policy is making it less stable. That means fewer people want our currency. The value of our dollars has dropped because fewer people want to take our dollars for their goods…..
That is called inflation. All the sudden now instead of a dollar to buy bread, it takes more dollars, not because bread is more valuable but because the dollar is less valuable.
Your question was how bad. Consider history. In Germany, before WW2 it got to the point that bread cost $50,000 marks… Then in desperation the people turned to a charismatic figure who told them he had a plan to get them out of the economic mess.
That man was Hitler. Desperate people will do anything to feed their kids. They will even elect a Hitler. And march off to war and commit unspeakable horror.
I don’t mean to be beyond the pale here, but the answer to “how bad can it get” can only be answered with “How bad has it gotten before”?
That answer is pretty scary.
So why did they shut off water for California?
Communists seem to operate by promising a rescue from a problem they caused. The media has let enough people know Obama is the problem and has no clue for a solution.
So what will make our economy collapse? You guys make it hard to take anything you say serious when y'all start predicting collapse and failure.
The way I see it we could just balance the budget once the economy starts to grow and then as inflation weakens our dollar we will pay back the debt at a discounted rate.
Ferd, we also mixed it up about the economy and in particular housing. Take a look at this article, but mainly the supporting links. Good stuff. The link on housing stat says much of the country is going to further decline. And yesterday the National Mortgage news predicted another 11% decline in median home price, a huge amount of wealth that is evaporating out of the economy and will probably never to be gained back.
Communists seem to operate by promising a rescue from a problem they caused. The media has let enough people know Obama is the problem and has no clue for a solution.
That is called the Hegellian Dialectic and it is at work in most every form of government.
I am all about paying down the debt. I agree with you guys that this should be a priority. Still, why weren't we doing anything about this when the republicans were in control. The problem has been there my whole life and we have never done anything about it.
Spending comes out of congress. The Republicans lost control several years ago. Liberal republicans appeased the dems and we all know that was a disaster. We all didn't push it when Barney said the fannie and Freddie were ok
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