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United States Heading towards a Depression?

Discussion in 'Politics & Religion' started by decoyjames, Dec 27, 2007.

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  1. Corwin

    Corwin Well-Known Member

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    #6481
    To put this another way:

    Trump for President
     
    Corwin, Apr 25, 2011 IP
  2. Breeze Wood

    Breeze Wood Peon

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    #6482


    Boehner turns liberal......Trump does palm face.


    The Republican Trumps are the reason the Nation is in deficit - since Ronald Reagan.

    There were no significant deficits for the 40 years Democrats controlled the Congress till Gingrich and the Republican Contract for Self Enrichment - Spend without Revenue.
     
    Breeze Wood, Apr 25, 2011 IP
  3. Helvetii

    Helvetii Notable Member

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    #6483
    So tell me how do you break up a company like Goldman? Thats like saying "I'm gonna break-up google and set 5 search engines in its place. I believe in capitalism and free market economy. Reagen is my favorite president."
     
    Helvetii, Apr 26, 2011 IP
  4. Blue Star Ent.

    Blue Star Ent. Well-Known Member

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    #6484

    Let the banks fail. The solution is to take the route the Icelanders did. They let their banks fail. LINK
     
    Blue Star Ent., Apr 26, 2011 IP
  5. Obamanation

    Obamanation Well-Known Member

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    #6485
    Any company can be broken up, including Goldman, AIG, or Google. In the case of Google, you take the same approach they took with Microsoft. You leave the search engine and payperclick business as its own business, and separate out Android, maps, gmail, and the 5000 other products Google makes into their own companies.

    Goldman, AIG, and the rest could be broken up by asset class, business units, or market verticals.

    Ignoring the fact this quote conflicts with a myriad of other posts you've made, the recent behaviors of companies like Goldman have nothing to do with a free market economy. You cant bundle all the investments you believe are going to fail into a single portfolio and push their sale out to an unwitting subcontractor, while having another business unit actively promoting and benefiting from their failure. IMO, that is outright fraud, yet it is exactly what Goldman did. If the regulators were not in the know/on the take, they were certainly asleep at the switch. Corruption has nothing to do with a free market economy.

    On more of a simplistic note, any company whose failure would require a government bailout to prevent the destruction of the US economy is too big to exist. Period. Now that they know the US taxpayer has their back, there is no risk too big for them to take.

    Lastly, Goldman specifically has infiltrated the Federal govt at all levels. They don't even need lobbyists. Their lobbyists are actually operating the levers of power. I'm against government unions because it is unethical to trade votes for raises. Imagine how I feel about Goldman. Its like a government union for a few mega wealthy people. If the free market economy were allowed to work, Goldman, AIG, and quite a few others would not be broken up, they would already be out of business.
     
    Obamanation, Apr 26, 2011 IP
  6. Mia

    Mia R.I.P. STEVE JOBS

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    #6486
    The ramblings of a idiot.. ;)
     
    Mia, Apr 26, 2011 IP
  7. Breeze Wood

    Breeze Wood Peon

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    #6487

    DJIA 12,583.72 + 103.84

    It is only mid-day Mia feel good it may still fall, keep running from the results of the Liberal agenda for the nations economy post the Republican 07-09 recession.

    You might try becoming an Adult as well.
     
    Breeze Wood, Apr 26, 2011 IP
  8. Mia

    Mia R.I.P. STEVE JOBS

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    #6488
    Funny how you never post the losses...

    ah, Keynesians....

    More ramblings from the DP Village Idiot....
     
    Mia, Apr 26, 2011 IP
  9. Breeze Wood

    Breeze Wood Peon

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    #6489



    The point is for you to behave as an adult.

    The DJIA bottomed ~ 6500 as a result of the Republican Recession 07-09. Have just been keeping up with the progress made so far by the present Administration in managing the economy. Your selective memory does you a disservice.

    Apparently the Administrator turns the other-way for the irresponsible children such as Mia.
     
    Breeze Wood, Apr 26, 2011 IP
  10. Mia

    Mia R.I.P. STEVE JOBS

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    #6490
    If that means posting utter bunk and unintelligible rants that have absolutely no basis in reality then I prefer the opposite.

    The DJ did not bottom. It lost nearly half its value in one day (see also 9/11/01). 07-09 it contracted, like the housing market and rest of the economy should have. Unfortunately democrats in congress and now the whitehouse have thrown more and more borrowed money at the problem further inflating it. If you were only old enough to have experienced other recessions, corrections, and recoveries you might be singing a different tune.

    Maybe he and other's enjoy the experience, wisdom and sharing over the past 13 years.. (wow.. been on dp 13 years??? yikes)... That's longer than you've been alive. ;)
     
    Mia, Apr 26, 2011 IP
  11. Breeze Wood

    Breeze Wood Peon

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    #6491


    It is unfortunate for everyone when some people haven't the maturity to follow simple guidelines for an open forum - using your language of desperation only lowers your entire group whoever you presume them to be to your level. 13 years of Slander?

    To say the DJIA did not bottom during the previous recession is ludicrous and deserves no further discussion. The flash crash is irrelevant.

    The deceitful means used by conservatives WMD to engage this nation into the unwarranted Iraqi war and the principals and policies of the previous Administration that together drove the nation into the deepest recession since the Great Depression are subject matter for any discussion and will continue to be relevant in the process of righting the wrongs of the immediate past in stepping forward to a productive and meaningful future.
     
    Breeze Wood, Apr 26, 2011 IP
  12. Obamanation

    Obamanation Well-Known Member

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    #6492
    LoL. God knows the NASDAQ is back at 5000, right Breeze? Here we are 10 years later and the NASDAQ is still only worth half what it was a decade ago. Now thats a flash.

    At least the Dow has shown exponential gains since the "Flash Crash". Lets see, before the "Flash Crash" it was 11,723. Today, a decade later, its 12,500. WOOHOO!!!!

    Ok, fine, so the stock market ain't doin so hot. At least the housing market has appreciated in the last 10 years, right Breeze? Right? Ok scratch that. Housing prices are where they were 10 years ago, and falling.

    Fine, at least there hasn't been any inflation, right Breeze? Right? Ok scratch that. One thing that has definitely kept up is inflation for the last 10 years, with only an 18 month break around 2009.

    At least wages for non-government jobs have sprung ahead in the last 10 years, right Breeze? Right? Oh yeah, scratch that. 10 years of wage stagnation in the private sector.

    At least we have paid down the debt by sucking it up for a few years, right Breeze? Right?

    Breeze, trading weed for coconuts and fish does not qualify you to make comments about the economy. Sorry Pal.
     
    Obamanation, Apr 26, 2011 IP
  13. Breeze Wood

    Breeze Wood Peon

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    #6493


    The Flash Crash was the term given to a single days event that is irrelevant to the progress of the Market indices. If that is what you two are talking about.


    Speaking of mindless rambling, the above post could not be a better example.


    The Tenure for the present Administration is 2 years 4 months.

    The present Administration has curtailed the deepest recession since the Great Depression and since June of 09 has had positive growth in GDP since that time to the present quarter. The severity of the Republican recession and its aftermath is the subject of the above post and not the responsibility of the present Administration.

    The present Administration has also passed the most significant Health Care Legislation in the Nations History that will be effective for generations to come and is a testament to not only salvaging the nations economy but improving the standard of living for all its citizens than the marginalizations of the previous Administration to as few citizens as possible.


    Your desperation as Mia's in slanderous allegations as with him only displays your own petty ignorance.
     
    Last edited: Apr 26, 2011
    Breeze Wood, Apr 26, 2011 IP
  14. Obamanation

    Obamanation Well-Known Member

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    #6494
    It seems I should have read your post more carefully, though I rarely take the time because your posts are usually unintelligible. Now its time for you to re-read Mia's post and my own and address the parts you either don't understand or conveniently ignored. Here is the replay of the relevant portions.
    So lets leave it to you how you want to run the clock.

    2 Years and four months, covering only the time Obama has been in office? Fine. If we measure from that standpoint, we have the largest expansion of the government in history, the largest expansion of the deficit and the debt, involvement of the United Stateas in a brand new conflict in the Middle East without the approval of congress, and a passage of health care legislation that the large majority of Americans oppose.
    2006 when the Dems took over both houses of Congress? Gee, that would lay the birth of the recession directly in the lap of the DNC, so lets not do that.
    2001 when George W Bush took office? Now we would be looking at 9/11/2001 and the burst of the Internet bubble created during the previous administration.

    No matter when you start the clock, the Democrats look like bigger asses than the Republicans, as difficult as that sounds. Thank god they have foreign citizens like yourself to serve as their mindless cheer leaders.


    Comic. One could comb over practically every post you have made in this thread and find some flavor of the words above. They play like some strange broken partisan propaganda tape:

    "The Republican Recession"
    "The present administration ended the recession"
    "The Republican War in Iraq"

    You are like a character from a cartoon. You realize most people, even including the most partisan, understand those types of talking points are made for morons? Repeating a lie does not make it any more true. I find myself wondering if you get it and are just trolling, or if you really believe the majority of Democrats didn't vote for the Iraq invasion, or that the Democrats didn't resist the overhaul of Fannie and Freddie, or that somehow the present Administration stopped the decline in GDP in the first two weeks in office.

    You do understand the meaning of slander, right? Humorous to watch you misuse the word in a sentence that tries to call someone ignorant.
     
    Obamanation, Apr 27, 2011 IP
  15. debunked

    debunked Prominent Member

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    #6495
    Be careful with breezy, if he isn't a bot and you keep pointing out things about his ability to think - he might commit suicide and his mom will say you were bullying him on the internet. You will be the next big news!

    Maybe if no one replies to his mindless chatter he will go away.
     
    debunked, Apr 27, 2011 IP
  16. Breeze Wood

    Breeze Wood Peon

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    #6496

    Your post adds nothing to what has previously been discussed but simply continues the denial of responsibility for the aftermath of the Republican 07-09 Recession that is the responsibility of the Bush Administration which left office with the deepest economic catastrophe since the Great Depression. Bill Clinton left office with a balanced budget and was paying down the deficit.

    The legislation passed by the present Administration continues to strengthen the economy and is to the point where liquidity has been resolved. The prospects for growth continues to expand with the Fed. Reserve assuming in the near term a defensive position for its managed expansion.

    The Administration responsible for the turnaround will be in an ever increasing posture for reelection as 2012 approaches.


    debunked, seeing light periodically must be frightening to you.
     
    Breeze Wood, Apr 27, 2011 IP
  17. Helvetii

    Helvetii Notable Member

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    #6497
    But don't you support capitalism? How does government intervening to forcibly break up companies figure in capitalism? Or government dictating executive salaries? Doesn't capitalism mean that consumers should be able to buy whatever they want even if its bad assets by doing diligence themselves rather that government intervention?

    Seems like you agree with me now that capitalism didn't work out so well for America.
     
    Helvetii, Apr 27, 2011 IP
  18. Obamanation

    Obamanation Well-Known Member

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    #6498
    How does floating these companies 50 billion dollars here and there figure in capitalism? Floating any business 50 billion taxpayer dollars would make them successful.
     
    Obamanation, Apr 27, 2011 IP
  19. Helvetii

    Helvetii Notable Member

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    #6499
    But only the current custodians of capitalism support socializing of losses. You say socialize these companies and then break them up forcefully. You don't sound too enthused about free market capitalism :)
     
    Helvetii, Apr 27, 2011 IP
  20. Obamanation

    Obamanation Well-Known Member

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    #6500
    Let see, I make a post pointing out the cartoonish blind partisan nature of Breezie's posts and he responds with:

    "the Republican 07-09 Recession"

    "the Bush Administration which left office with the deepest economic catastrophe"

    "legislation passed by the present Administration continues to strengthen the economy"

    "The Administration responsible for the turnaround"(In reference to the current administration)


    I guess the bright side i, we can now at least understand your posts. Cut and paste has improved your grammar quite a bit. Did you have any facts to add, or just slogans and talking points?
     
    Obamanation, Apr 27, 2011 IP
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