GOP Continues to Kill the Middle Class
 

On Sat, 19 Feb 2011 13:36:06 -0500, Despot
wrote:

On 2/19/2011 9:51 AM, bpuharic wrote:
On Sat, 19 Feb 2011 07:25:34 -0500,
wrote:
The unemployment rate in Germany was last reported at 7.40 percent in
January of 2011.

I know, I know. People would rather believe a lie than the truth.

Like the unemployment numbers here in the USA, that don't reflect the
actual unemployed. The numbers are manipulated according to some
criteria, and the poor schlubs with a political agenda believe them.

i know. the wealthy would prefer we didnt know the truth.

as napoleon said, religion is the only thing that keeps the poor from
murdering the rich

I'm sorry that your retirement fund lost a big chunk of it's value. I
understand your bitterness.

me and 100 million other hard working americans


Greed has many forms, one of which is wealth. Another is power. Wall
Street may be the former, but politics is the latter.

at this point in the US there's no difference. the american public,
courtesy of the right wing, has made us into a plutocracy


Socialism gives the power to a few. The few make the decisions for the
masses. Where it's been done, it's never ultimately worked.

and laissez faire capitalism gives the power to...the few

and how's that working out in egypt? they doing OK?

GOP Continues to Kill the Middle Class
 

On 20/02/2011 7:08 PM, bpuharic wrote:
On Sun, 20 Feb 2011 08:30:52 -0500, John
wrote:

On Sat, 19 Feb 2011 19:27:07 -0500, L wrote:

bpuharic wrote:
On Fri, 18 Feb 2011 19:51:40 -0500, L wrote:



hey i work for a living. i did what the right wing said. i trusted
wall street. the right said 'the RICH will protect you! if we cut
taxes on the RICH that money will flow downhill to the worthless
middle class'

guess what. it didnt.


Wall street again, Bob? WTF are you talking about? Your 401K?

Can you imagine hearing, "The RICH will protect you!".....and *believing* it?

HAHAHAh

he's never heard of the 'laffer curve'...the fable told by reagan and
laffer that if you cut taxes on the rich, the economy will grow

well, they DID this. the economy we have NOW is the result

AND when someone complains about the rich, he says we should just shut
up because the rich cant be trusted and so we shouldnt complain about
the rich

dont you love the right?

Funny, Reagan ended his recession pretty quick. He did expand the debt
a bit, was it almost a trillion? But he got results. Obama be well
into hist 4th trillion....and no real end in sight.

Reagan had this right, the economy was stalled because people ahd a
shortage of money in their households. So taxing else was a direct
stimulas to producing workers. In the end, more business activity came
back quickly to reduce the deficit spending.

Reagan did make one mistake, he didn't cut government size and spending
to match.

But the real mistakes belong in the banking legislation. Congress
wanted to keep artificially low interest rates had to break the supply
and demand link in credit. To do this was to allow banks to borrow with
more leverage. Used to be 1:1 and 1:2, then became 1:10 and beyond.
When the system broke in 2007, US Fed started loaning money at below
market rate sin a debt hungry environment. Then someone loaning money
said I want to be paid -- and the system unraveled with all the
leverage, cooked books and ponzi antics. In 2008 Sept it crashed.

Bottom line, if banks couldn't lend what they don't have it would have
never occurred. But interest rates would have to be higher to attract
real money. Any investor worth 2 cents was exiting debt instruments in
2007 if they had not already done so.

This leaves the US government with a broken debt/credit system it
caused. Hey, debt was never free. Never will be either. 0% Fed rates
are the problem. You will not get an economy back without deficit
reduction and a return to basic banking principles.

US government is quite literally making new inflationary dollars faster
than Americans consume sheets of toilet paper.

Not sustainable by any stretch. Ask people of Zimbabwe. It has failed
100% of the time for any country that has tried it. It is a temporary
short term gap only.

Obama, In Debt We Trust is the ruination of the USA.
--
Socialism is a great ideal as long as someone else pays for it. And when
no one is left to pay for it, they all can share nothing.

GOP Continues to Kill the Middle Class
 

On Sun, 20 Feb 2011 19:55:51 -0700, Canuck57
wrote:

On 20/02/2011 7:08 PM, bpuharic wrote:
On Sun, 20 Feb 2011 08:30:52 -0500, John
wrote:

On Sat, 19 Feb 2011 19:27:07 -0500, L wrote:

bpuharic wrote:
On Fri, 18 Feb 2011 19:51:40 -0500, L wrote:



hey i work for a living. i did what the right wing said. i trusted
wall street. the right said 'the RICH will protect you! if we cut
taxes on the RICH that money will flow downhill to the worthless
middle class'

guess what. it didnt.


Wall street again, Bob? WTF are you talking about? Your 401K?

Can you imagine hearing, "The RICH will protect you!".....and *believing* it?

HAHAHAh

he's never heard of the 'laffer curve'...the fable told by reagan and
laffer that if you cut taxes on the rich, the economy will grow

well, they DID this. the economy we have NOW is the result

AND when someone complains about the rich, he says we should just shut
up because the rich cant be trusted and so we shouldnt complain about
the rich

dont you love the right?

Funny, Reagan ended his recession pretty quick. He did expand the debt
a bit, was it almost a trillion? But he got results. Obama be well
into hist 4th trillion....and no real end in sight.

Reagan had this right, the economy was stalled because people ahd a
shortage of money in their households. So taxing else was a direct
stimulas to producing workers. In the end, more business activity came
back quickly to reduce the deficit spending.

Reagan did make one mistake, he didn't cut government size and spending
to match.

But the real mistakes belong in the banking legislation. Congress
wanted to keep artificially low interest rates had to break the supply
and demand link in credit. To do this was to allow banks to borrow with
more leverage. Used to be 1:1 and 1:2, then became 1:10 and beyond.
When the system broke in 2007, US Fed started loaning money at below
market rate sin a debt hungry environment. Then someone loaning money
said I want to be paid -- and the system unraveled with all the
leverage, cooked books and ponzi antics. In 2008 Sept it crashed.

Bottom line, if banks couldn't lend what they don't have it would have
never occurred. But interest rates would have to be higher to attract
real money. Any investor worth 2 cents was exiting debt instruments in
2007 if they had not already done so.

This leaves the US government with a broken debt/credit system it
caused. Hey, debt was never free. Never will be either. 0% Fed rates
are the problem. You will not get an economy back without deficit
reduction and a return to basic banking principles.

US government is quite literally making new inflationary dollars faster
than Americans consume sheets of toilet paper.

Not sustainable by any stretch. Ask people of Zimbabwe. It has failed
100% of the time for any country that has tried it. It is a temporary
short term gap only.

Obama, In Debt We Trust is the ruination of the USA.

You're just plain ignorant.

GOP Continues to Kill the Middle Class
 

On Sun, 20 Feb 2011 09:21:54 -0500, BAR wrote:

In article ,
says...

On Sun, 20 Feb 2011 08:48:16 -0500, BAR wrote:

In article ,
says...

On Sat, 19 Feb 2011 19:27:07 -0500, L G wrote:

bpuharic wrote:
On Fri, 18 Feb 2011 19:51:40 -0500, L wrote:


bpuharic wrote:

On Thu, 17 Feb 2011 19:25:52 -0500, L wrote:


look up how long it takes to recover from a 35% drop in an equity.

you cant do the math, obviously.


If you let it sit there and stare at it with your blind eyes it will
take a lot of time to recover. If you open your wallet and but more
when it's low you can make some serious bucks. I know the math very
well. So does my accountant! Once again, blind man, look up dollar
cost averaging before you post a lame response.

hey i work for a living. i did what the right wing said. i trusted
wall street. the right said 'the RICH will protect you! if we cut
taxes on the RICH that money will flow downhill to the worthless
middle class'

guess what. it didnt.


Wall street again, Bob? WTF are you talking about? Your 401K?

Can you imagine hearing, "The RICH will protect you!".....and *believing* it?

If I were so friggin' stupid as to invest based upon 'what the right wing said'
and my 'trust in wall street', I'd be feeling pretty damn bitter also.

See if you can get him to post his address. I'll send him $5. It'll get him a
meal at McDonald's.

My financial planners showed me that "green investments" outperformed
other investments. I told them that I really didn't care what the
investments were I wanted to maximize my returns.


Just make sure that they have put out the fires in Luarel, MD. They had
I-95 closed yesterday. I also heard that I-95 south of Richmond has
fire problems yesterday too.


We went down to Fredricksburg on Saturday. It took almost two hours to get from
exit 166 to 126. Big brush fire along the road on the west side, and another one
a little further down on the east side.

A park through which I often walk the dog had burned most of the underbrush
Friday night. Saturday AM, while walking the dog, I notice a couple logs had
flared up because of the wind. Stopped at a house and asked the lady to call the
fire department, which she did, and they got there within about 5 minutes. They
were very thankful, as they'd thought they had it out the night before.

Don't know how it started. They guessed it was kids...probably doing a bit of
marijuana.