On 29/07/2011 3:33 AM, Eisboch wrote:


"jps" wrote in message news

Blank check, blank check, blank check, blank check, blank check.

This was the Republicans phrase for the day. Guess who picked it up?

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The mainstream GOP is screwing this country (along with the TeaBaggers).
The Dems' are also screwing this country over by ignoring or missing the
*real* problems.

Disgusted with both.

The only way out of this immediate mess is for Obama to exercise
presidential leadership and invoke the 14th amendment,
legal challenge or not. Bill Clinton recently stated he would do it in a
heartbeat.

I sincerely hope that Obama will soon stop acting like a community
organizer and start acting like a POTUS.
It's his watch, not Reagan's or Bush's.

Eisboch

Fact is the real culprit is getting off easy here. Bernanke is keeping
his head low as he nows he has sent USA bac into a depression that will
make 1929 look like nothing. Here is why.

By setting fraud low interest rates it requires massive money creation.
Every bit inflationary realized yet or not. People don't borrow real
money any more, it is no value think air fraud money. It causes all
sort of economic problems around the world because the USD is a world
reserve currency.

It even screwed the governments income. Who pays more taxes? $2M in
the bank at 5% in 2004 is $100 of income, mostly taxable. $4M in the
bank at 0.10% in 2011 is not enough to be taxable. Same for companies,
lower rates means lower bars for earnings and lower earning means less
government revenue.

Now be it business or people, less revenue means less taxes but it also
means less employment as people spend less. It also means why invest
for such a small return?

To make up for this revenue shortfall short minded idiots like Obama
chant tax the producers more and leave the unproductive untouched. GE's
answer, move offshore outside of the reach of DC greed. They don't pay
US taxes as US operations lost money. And a unit made in China, sold in
China is not DC greed taxes. Or perhaps China should tax Americans?
Just political greed and no leadership with a clear mind.

Fact is the holy grail fraud of zero rate interest is costing the
economy and the government too much. It is like saying USA is a zero
return economy.

Money has a cost and the fleabags better get over it. Just who pays the
price? Is it the economy or the debtor?
--
Obama, enslaving Americans with debt-tax slavery for a spending binge.
Doesn't even borrow real money, Bernanke just creates it like a
counterfeiter. .