"Canuck57" wrote in message
...
On 27/05/2010 2:29 PM, hk wrote:
On 5/27/10 4:18 PM, Frogwatch wrote:
In spite of spending a trillion dollars on his porkulus in which Obama
indebted us all to shovel money into the pockets of his buddies, the
money supply is dropping at a rate not seen since the great
depression:
http://www.telegraph.co.uk/finance/e...-stimulus.html

Guess what, raiding the savings of the US middle class to pay off his
union buddies is going to kill the USA economy.

Did you happen to read the article you referenced, dipstick?

Which one? The one where the worlds credit markets are going nuts? Of
course they are. Congress and Obama haven't addressed the problems.

I will restate, why would anyone loan out my money at todays rates? Why
would I invest in a shrinking economy in some otherwise stagnent dead
business? If you don't have ahrd assets and a good balance sheet, your
not worth my time and certainly will not see my money.

You get 100% of the risk and basically not enough return on a $100k note
to cover the gas costs to get to the bank to loan it. Ditto bonds,
preferred shares etc. Why take the risk? GM got away with a $177 billion
wipe out and not one ass hole in jail.

If you look at the fundimentals of the economy, this is going to last more
than a decade. The current course of debt-bailout-corruption and more
debt is failing. And more people are realizing US DC debt is far greater
than 14.5 trillion...

Basically, liberal ponzi government mismanagement of debt, corruption and
statism has it's price, just like USSR.

But this time it is United States Socialist Republic.

--
I would rather be a paid up Conservative nut job than a Liberal with no
nuts, no job in debt and living off of other people like a leach.


Feel free never to come here. Oh wait, you can't....