Praise Obama's Fantastic Recovery Program!

[Neubarth]

Since so many people on this board think that by posting the economic data numbers that makes me a Ultra Rightest, I have decided to post the data and act like a crazy Liberal for the weekend. I might carry it into Monday, since there is some economic data on Industrial Production that will be presented to make Obama look good. I might as well bask in the glory.

OK, here we go for a few hours.

 

[Neubarth]

Right you are Joe, Obama's program of positive thinking has the whole nation believing in the American capacity to work our way out of this minor economic setback. Nobody should pay attention to those silly economic numbers that the Republicans claim to believe in. Republicans believe in screwing the little man, and we know that ain't right.

Our positive attitude program is winning and the Republican conservatives are losing.

Praise Obama. Next stop free medical care for the huddled masses of America.

 

[Old Rocks]

There are things that I think that President Obama should do differantly. However, given what the last bunch did, we are fortlunate to have someone that has a least a modicom of sanity, and an IQ above two digits. One might remember who put us where we are.

 

[Foxfyre]

Well President Bush, whatever his failings, must have been a whole lot smarter than most to be able to fool so many into agreeing to all that stuff that brought the nation to its knees. And he is no doubt President Obama's chief advisor given the long string of failed efforts piling up since January 2009.

But wouldn't you think Obama, being so much more intelligent and all, would not be taking so much bad advice by now?

 

[Neubarth]

Well President Bush, whatever his failings, must have been a whole lot smarter than most to be able to fool so many into agreeing to all that stuff that brought the nation to its knees. And he is no doubt President Obama's chief advisor given the long string of failed efforts piling up since January 2009.

But wouldn't you think Obama, being so much more intelligent and all, would not be taking so much bad advice by now?

Fyre, I have never studied economics. Not Micro or Macro or fundamental. I just have fun with reality. The data I post are real. The economy is the economy because of blundering in the past and failed regulation.

When I am in my bleeding heart liberal mode, I point out that we do not effectively pay interest to the FED, therefore we should always borrow from the FED. If you look at it hat way, we have an unlimited Expense Account. I only go into my liberal manic state about two to three times a year. When I raise the Free Money From The FED issue, no conservative has ever been able to argue on the other side. Conservatives must have very weak minds because they can not dissuade me from my occasional liberal position.

Free money to spend is free money. That is how my wife has always treated our checking account and I still love her. (Don't tell anybody, but she is a Conservative Born Again Fundamentalist Christian and would be greatly offended she was told that liberal spending is a Democratic trait.)

 

[Foxfyre]

Well President Bush, whatever his failings, must have been a whole lot smarter than most to be able to fool so many into agreeing to all that stuff that brought the nation to its knees. And he is no doubt President Obama's chief advisor given the long string of failed efforts piling up since January 2009.

But wouldn't you think Obama, being so much more intelligent and all, would not be taking so much bad advice by now?

Fyre, I have never studied economics. Not Micro or Macro or fundamental. I just have fun with reality. The data I post are real. The economy is the economy because of blundering in the past and failed regulation.

When I am in my bleeding heart liberal mode, I point out that we do not effectively pay interest to the FED, therefore we should always borrow from the FED. If you look at it hat way, we have an unlimited Expense Account. I only go into my liberal manic state about two to three times a year. When I raise the Free Money From The FED issue, no conservative has ever been able to argue on the other side. Conservatives must have very weak minds because they can not dissuade me from my occasional liberal position.

Free money to spend is free money. That is how my wife has always treated our checking account and I still love her. (Don't tell anybody, but she is a Conservative Born Again Fundamentalist Christian and would be greatly offended she was told that liberal spending is a Democratic trait.)

I read a little parable awhile back. I don't know where I read it though so can't go get it, but let's see if I can do a reasonable facsimile of it from memory:

The recession hung on and business was bad.

Joe ran the local motel and, unable to afford help, was working the desk one night when a well dressed business man type came in and asked for the best room in the house, but he wanted to be sure it was up to his standards. The man put a $100 bill on the desk and took the key to go check the room, some distance from the office.

On faith the room would be acceptable, Joe grabbed the $100 and ran down the street and paid his plumber a past due debt to prevent a mechanics lien being filed on his property the next day. As Joe sprinted back to the motel, the plumber dashed across the street to the pawn broker and redeemed his expensive watch before somebody bought it.

The pawn broker then waved in the local prostitute and paid her $100 for services he had received on credit.

The prostitute walked immediately to the motel and handed the $100 to Joe for reimubursement for the short term rooms she had rented on credit.

The $100 was replaced on the counter as the business man returned, stated he wouldn't take the room, returned the key, picked up the $100 and left.

In this scenario, not a product was produced, not a service was delivered, not a dime of wealth had been added to the community, but four people who had been in debt were out of debt and everybody felt pretty darn well off.

Is that what you mean, Neubarth?

 

[Neubarth]

Well President Bush, whatever his failings, must have been a whole lot smarter than most to be able to fool so many into agreeing to all that stuff that brought the nation to its knees. And he is no doubt President Obama's chief advisor given the long string of failed efforts piling up since January 2009.

But wouldn't you think Obama, being so much more intelligent and all, would not be taking so much bad advice by now?

Fyre, I have never studied economics. Not Micro or Macro or fundamental. I just have fun with reality. The data I post are real. The economy is the economy because of blundering in the past and failed regulation.

When I am in my bleeding heart liberal mode, I point out that we do not effectively pay interest to the FED, therefore we should always borrow from the FED. If you look at it hat way, we have an unlimited Expense Account. I only go into my liberal manic state about two to three times a year. When I raise the Free Money From The FED issue, no conservative has ever been able to argue on the other side. Conservatives must have very weak minds because they can not dissuade me from my occasional liberal position.

Free money to spend is free money. That is how my wife has always treated our checking account and I still love her. (Don't tell anybody, but she is a Conservative Born Again Fundamentalist Christian and would be greatly offended she was told that liberal spending is a Democratic trait.)

I read a little parable awhile back. I don't know where I read it though so can't go get it, but let's see if I can do a reasonable facsimile of it from memory:

The recession hung on and business was bad.

Joe ran the local motel and, unable to afford help, was working the desk one night when a well dressed business man type came in and asked for the best room in the house, but he wanted to be sure it was up to his standards. The man put a $100 bill on the desk and took the key to go check the room, some distance from the office.

On faith the room would be acceptable, Joe grabbed the $100 and ran down the street and paid his plumber a past due debt to prevent a mechanics lien being filed on his property the next day. As Joe sprinted back to the motel, the plumber dashed across the street to the pawn broker and redeemed his expensive watch before somebody bought it.

The pawn broker then waved in the local prostitute and paid her $100 for services he had received on credit.

The prostitute walked immediately to the motel and handed the $100 to Joe for reimubursement for the short term rooms she had rented on credit.

The $100 was replaced on the counter as the business man returned, stated he wouldn't take the room, returned the key, picked up the $100 and left.

In this scenario, not a product was produced, not a service was delivered, not a dime of wealth had been added to the community, but four people who had been in debt were out of debt and everybody felt pretty darn well off.

Is that what you mean, Neubarth?

They did not need the businessman's C-note. All they needed was to trade off their debt. That of course could not be done until money was loaned at ZERO percent interest. It is amazing how the present policy is reflected in the parable. With ZERO percent interest the FED is allowing debt to be paid off and a hell of a lot more banks to remain solvent. I am glad you pointed out that the Obama policies work. God Bless Obama and his financial advice team. The Bush reign of terror is finally over.

 

[Foxfyre]

Most creative post of the day. Kudos.

 

[Foxfyre]

Seriously though, everything had to work perfectly to have a successful outcome. If the process had broken down any step along the way, one or more persons would be out $100. As it was, nobody was better off but everybody felt like they were because they had been spared any consequences from bad transactions. So the cycle of accumulating debt will invariably begin again with no assurance that another businessman from out of town will show up to bail them out.

That was how we got into this damnable recession. For years the government provided nearly interest free money to some entities who in return extended credit to others who in turn invested on the account receivables created by the loans. Once the process broke down, however, beginning with those who were unable to repay the interest free money, the dominoes started falling one against the other.

And so, while I admire your heroic efforts to defend liberal socialism, and given the belief that nothing will work flawlessly indefinitely, I have to believe that real wealth is produced from making products or providing marketable services that are paid for with something more than hope.

 

[Neubarth]

Seriously though...

That was how we got into this damnable recession. ....

And so, while I admire your heroic efforts to defend liberal socialism, and given the belief that nothing will work flawlessly indefinitely, I have to believe that real wealth is produced from making products or providing marketable services that are paid for with something more than hope.

Actually how we got into this Depression was the wave of corruption that has attended most businesses and all politicians in America. It is time for a real change. My viewpoint is that we need to severely punish all forms of corruption, but since both of the political parties are highly corrupt and self serving that will not happen short of a revolution. It can be a peaceful revolution or a violent one, but REAL CHANGE has to happen. SOON!

 

[boedicca]

They did not need the businessman's C-note. All they needed was to trade off their debt. That of course could not be done until money was loaned at ZERO percent interest. It is amazing how the present policy is reflected in the parable. With ZERO percent interest the FED is allowing debt to be paid off and a hell of a lot more banks to remain solvent. I am glad you pointed out that the Obama policies work. God Bless Obama and his financial advice team. The Bush reign of terror is finally over.

It's also important to note that the businessman did not voluntarily provide a loan - his deposit was conditional based upon the room being satisfactory. The hotel operator acted in bad faith. Such no cost manipulations always require an innocent victim to provide the capital against their will or knowledge.

 

[Foxfyre]

They did not need the businessman's C-note. All they needed was to trade off their debt. That of course could not be done until money was loaned at ZERO percent interest. It is amazing how the present policy is reflected in the parable. With ZERO percent interest the FED is allowing debt to be paid off and a hell of a lot more banks to remain solvent. I am glad you pointed out that the Obama policies work. God Bless Obama and his financial advice team. The Bush reign of terror is finally over.

It's also important to note that the businessman did not voluntarily provide a loan - his deposit was conditional based upon the room being satisfactory. The hotel operator acted in bad faith. Such no cost manipulations always require an innocent victim to provide the capital against their will or knowledge.

And, nobody in the scenario increased his/her wealth so as to have means to stimulate the local economy which would remain as depressed and stagnant as before.

 

[Neubarth]

They did not need the businessman's C-note. All they needed was to trade off their debt. That of course could not be done until money was loaned at ZERO percent interest. It is amazing how the present policy is reflected in the parable. With ZERO percent interest the FED is allowing debt to be paid off and a hell of a lot more banks to remain solvent. I am glad you pointed out that the Obama policies work. God Bless Obama and his financial advice team. The Bush reign of terror is finally over.

It's also important to note that the businessman did not voluntarily provide a loan - his deposit was conditional based upon the room being satisfactory. The hotel operator acted in bad faith. Such no cost manipulations always require an innocent victim to provide the capital against their will or knowledge.

And, nobody in the scenario increased his/her wealth so as to have means to stimulate the local economy which would remain as depressed and stagnant as before.

Well, I think the hooker might extend more credit since she learned that her customer would repay what he owed her for services rendered.

 

[RodISHI]

Seriously though...

That was how we got into this damnable recession. ....

And so, while I admire your heroic efforts to defend liberal socialism, and given the belief that nothing will work flawlessly indefinitely, I have to believe that real wealth is produced from making products or providing marketable services that are paid for with something more than hope.

Actually how we got into this Depression was the wave of corruption that has attended most businesses and all politicians in America. It is time for a real change. My viewpoint is that we need to severely punish all forms of corruption, but since both of the political parties are highly corrupt and self serving that will not happen short of a revolution. It can be a peaceful revolution or a violent one, but REAL CHANGE has to happen. SOON!

How many times would it take $553,000.00 to pay off this so called massive debt?

I'm working on a protest letter this weekend to write back to the treasury concerning a ding for that amount that will be held against me personally. Even after obvious and admitted fraud by Wells Fargo bankers in their own testimony that the bank unilaterally created these documents the treasury paid Wells Fargo for this loan. SBA accepted the request for payment from the bank being well informed and fully aware of over a hundred of the erroneous documents created by the bank. What is fraud?
TITLE 18 PART 1 CHAPTER 47—FRAUD AND FALSE STATEMENTS

This is one little case in this country how many more are there?

On top of that claim WF and CITI sent out erroneous 1099's. Both close to a hundred thousand dollars. How many of those erroneous 1099's out of the millions of defaults out there have these banks claimed?

Creative paper products in accounting have sucked the nation dry.

 

[Foxfyre]

It's also important to note that the businessman did not voluntarily provide a loan - his deposit was conditional based upon the room being satisfactory. The hotel operator acted in bad faith. Such no cost manipulations always require an innocent victim to provide the capital against their will or knowledge.

And, nobody in the scenario increased his/her wealth so as to have means to stimulate the local economy which would remain as depressed and stagnant as before.

Well, I think the hooker might extend more credit since she learned that her customer would repay what he owed her for services rendered.

And that extended credit might stimulate the pawn broker just fine and dandy, but without at least some faith that debts will be repaid, it won't do much to stimulate the economy.