Why our economy got bad

Cudajon said:
Not all encompassing at all though... I'm fiscally conservative, but want a strong military, but I'm agnostic.

Show me a party that believes in the first two and doesn't shove god in my face. Please.

Some of you might be fiscally liberal, want a lot of regulation, but doesn't want family values trampelled on. There isn't really a party for you out there.

A wise man once told me, "you can't paint a big picture with a little paint brush" and these parties have been trying to appease the most people, while disenfranchising millions as well.
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It is a little silly to believe that we can divide 300 million people neatly into 2 groups. But then again, we're not going to fit neatly into 10 groups either. I still think a moderate third party could sweep the thing. That's where most folks really do fit as far as I can tell.
 
OCBob said:
It is a little silly to believe that we can divide 300 million people neatly into 2 groups. But then again, we're not going to fit neatly into 10 groups either. I still think a moderate third party could sweep the thing. That's where most folks really do fit as far as I can tell.
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You're right, Bob... But they (corporate media, Dem and Rep Party leaders, and lawmakers) will never let that happen. :mad:
 
Prof said:
The sounds of silence from Annu...

Friend, you dig your grave when you speak without pondering your words first.

Seek first to understand, then to be understood.

I forgive you.

I need to get back to Maria and CNBC...this stuff is scary.
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The reason I was silent was because I have a Actual Job and dont sit around on the computer all day long scratchin my balls. Every ten years we have a Recession. Look back every decade Prof. I guess Mccain is right we have some people In the nation that Are "WINERS". The sky is falling we are going into a depression. America Will reinvent themselves and be on top again. OH WE ARE FACING A REPEAT!!!!!! THE SKY IS FALLING!!!
 
Annu, someday you may progress to the point where you have a position not a job...but you will need some seasoning prior to that elevation.

You still have not responded to my pm...
 
Prof said:
Annu, someday you may progress to the point where you have a position not a job...but you will need some seasoning prior to that elevation.

You still have not responded to my pm...
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Now i am responding to your email. You try act like your my Dad or something:( always telling what to do and act like your the boss or something. So I just got tired of everything. I was also having personal problems as well. But when your Vtcoa friends give you hell and you have to deal with personal shit than it becomes a problem. But you are not a Problem anymore:rock: I like debating with you and arguing:) its like arguing with this other old man i Know he keeps talking crap and i keep talkin crap back at him:D Plus I am slowly climbing the mountain again and every day is getting better for me. I dont really care about whats going on in the economy I have to take care of myself and uses the resources and brain I have. It does not really matter If its Mccain or Obama i really dont care!!!!! But being in Berkeley its hard to deal with the everyday troubles that I face. But I'm still Hanging in there. Peace Prof:rock:
 
And Peace to you Annu.

I know this past year has been tough on you...but I will not let up...I will push you until you are so tough and so astute that I will happily and gladly retire and fade away...dust to dust...because you will then be, the teacher.

Roy
 
Prof said:
And Peace to you Annu.

I know this past year has been tough on you...but I will not let up...I will push you until you are so tough and so astute that I will happily and gladly retire and fade away...dust to dust...because you will then be, the teacher.

Roy
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Yes keep pushing Me Until I become Like Al Pachino:D
 
What is everyone's consensus on Mr. Gingrich's idea of the President drafting a executive order effectively suspending the "Mark to Market" rule? He's saying it will immediately introduce more liquidity in the market, curing most of this problem.... Newt is coming at this like it is a accounting problem, and not necessarily a credit problem. :dontknow: I think he may have a point, but then again, this is all WAY above my pay grade. :eek: Anyone? :confused:
 
We need an accouting major...I don't understand his proposal.
 
OCBob said:
That's exactly my point. This is nothing but one sided rhetoric, filled with sound bites and other bullshit. But, people buy it. It's just someone trying to wipe the stink off themselves and put it on someone else. It's the way our government works, and it is the fundamental wrong that we must live with.
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AMEN BROTHER!!!
 
HDVIPER said:
It was basically "it's all the democrats fault!!" This was obviously a one-sided argument. I would think that those of us with at least an ounce of objectivety and critical thinking would see it for what it truly is... a hit piece on the democrats. :eek: :eek: :eek:
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A person who forms an opinion upon someone elses opinion, WITHOUT REVIEWING ALL THE FACTS, doesnt really have an opinion. :( :( :(
 
linemup said:
A person who forms an opinion upon someone elses opinion, WITHOUT REVIEWING ALL THE FACTS, doesnt really have an opinion. :( :( :(
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Very nice...

:congrats: :congrats: :congrats:
 
jelms said:
There is enough blame to go around people. Why are we pointing fingers. We should be trying to figure out a way from this mess and not placing blame.

-jeff
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I agree to a point....... :

Yes, Fix the problem FIRST... Then find the corrupt MFrs and shoot them all dead...

D
 
Django said:
I agree to a point....... :

Yes, Fix the problem FIRST... Then find the corrupt MFrs and shoot them all dead...

D
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Good point Tim. I for one want this fixed. If we need a witch hunt after that I'm all for it as long as it is an independent looking at all the scumbags that had their hands out on this one. Both sides are covering their collective asses now.

-jeff
 
Guys if I can offer my two cents here.

From my perspective (and I am lets just say a senior guy in this field) the bailout is completely misunderstood because of the failure of the news to explain what it is.

The govt is going to trade equity stakes in healthy companies for medium term loans. The govt has NEVER EVER lost money in whole on a bailout. Why? Because their investments are sound.

Another part of the bailout is creating a fund to buy illiquid mortgage securities. To give you an idea of how big of a problem this is, 65% of all mortgages issued in 2004 were considered Alt-A. Not necessarily subprime, just not a traditional 30 year fix or 7/1 arm. The problem you have is when you have an asset that you can't trade, it functionally becomes worthless (just ask IBM in 1987). The govt would great a new pool of liquidity to buy up these bad assets and create a new hedge on the riskyness of the pool.

Now whom is to blame? You are. Not the banks, not the government, but the typical consumer. If you weren't able to understand that I pay x in years 1 and 2 and my worst case scenario is I pay z in year 3, and by the way I can't afford z then you are the biggest part of the problem.

Should the banks have lent money to everyone, no. Should everyone accepted loans, no.

This package has nothing to do with conservative or liberal views and nor should you believe any crap that says that it does.

If the government does not pass this package, you will see economic calamity like you have never seen in your life. Just remember we all work for someone and when you can't get easy credit for a business that business suffers.
 
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