Registered: Aug 2008
Location: North GA.
Posts: 1226

quote:

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Originally posted by Triple K Kennel
I forgot, the Repubs don't tax any do they, LOL.....!!!
You boys weren't complaining when Bush was spending Millions on top of Millions for the Iraq war, for what.......Nothing....!!!

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Registered: Aug 2008
Location: North GA.
Posts: 1226

quote:

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Originally posted by Triple K Kennel
The right had 1 goal when Obama took office, to go Against Everything he was for....that's it.
Yes, when Bush was in 750,000 jobs a month were being lost, ......He was doing such a Great Job, .............

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Registered: Oct 2010
Location: Ohio
Posts: 6868

quote:

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Originally posted by Hoosier Man1
Hey truly just anwser me one question. It's not even a hard one either! How do you stand up for///justify a president that has spend hundreds of millions of tax payer money on a law that is broken before its even started?

The one thing obama has actually got accomplished (if you even want to call
it that ) is a total train wreck costing millions each and every day. Sure isn't his money hes blowing through now is it?

One thing obama has been great at his whole life is stealing tax payer dollars.

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Registered: Aug 2008
Location: North GA.
Posts: 1226

quote:
--------------------------------------------------------------------------------
Originally posted by Hoosier Man1
Hey truly just anwser me one question. It's not even a hard one either! How do you stand up for///justify a president that has spend hundreds of millions of tax payer money on a law that is broken before its even started?

The one thing obama has actually got accomplished (if you even want to call
it that ) is a total train wreck costing millions each and every day. Sure isn't his money hes blowing through now is it?

One thing obama has been great at his whole life is stealing tax payer dollars.

quote:

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Originally posted by Hoosier Man1
Come on truly, step up to the plate!

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Registered: Feb 2013
Location: Indiana
Posts: 4545

quote:

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Originally posted by Jonathan Crump
And our present leadership has done such a fine job creating jobs and keeping business here in the past 4-5 yrs it just amazes me. How many on my tax dollar now? It is all the same if we have a rep pres the dems are against him and vice versa. I think the only thing we will ever agree on is we need a totally overhauled capitol hill. If we could get personal agenda out of the way and get leading the greatest nation back as the agenda we would all be better off. Our gov has slowly taken our freedoms for many years, reps and dems and it is time it stops.

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Registered: Jun 2003
Location: Jacksonville FL
Posts: 4044

quote:

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Originally posted by truly
Well I am sure glad that we agree on QE1, 2, 3 being a major element of devaluation of the U.S. dollar. I think it is very disingenuous of you to not consider this a part of the bailout of our banks and our financial system. It should also be noted that the QE program has been run by Bush's appointment to head the fed, Ben Bernanke. He started the QE program in 2008 in response the Global Economic Crisis that Bush led us into. And as much as you righties can't wrap your heads around it, we are still paying the price for Bush's horrendous mismanagement of our economy. As groworg CORRECTLY points out, by the end of the Bush reign of terror we were loosing 750,000 jobs per month! This is the wreckage that Bernanke has been trying to salvage us from. The 700 billion dollars that Bush spent on the TARP funds was just a drop in the bucket compared to the 7 trillion that the Feds have had to spend to clean up the Bush catastrophe.

Just one correction to my statement above- while Bush had meant to hand out 700 billion dollars to the banks the final total came in much lower. Why you might ask? Dodd-Frank and the wonderful Democrats:
"The TARP program originally authorized expenditures of $700 billion. The Dodd–Frank Wall Street Reform and Consumer Protection Act reduced the amount authorized to $475 billion."

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Registered: Jun 2003
Location: Jacksonville FL
Posts: 4044

and dont take my word for it, not once is QE mentioned in wikipedias explanation of TARP.

read it for yourselves.

http://en.wikipedia.org/wiki/Troubl..._Relief_Program


but i do see who gets their info from having to read wikipedia. its funny how wikipedia immeditaly points out dodd frank reduced the amount of tarp funding and someone else almost uses word for word in their post.

some of us live it an truely understand it, and some of us are googling genuises that get talking points from thier liberal daddies on what to say instead of researching, understanding, then making their own educated opinion.

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Registered: Nov 2005
Location: minnesota
Posts: 3660

quote:

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Originally posted by rance56
this is what happens when you talk economics/finance with a hair stylist.

so now TARP = Quantitative Easing?

i refuse to waste any more of my time trying to have a discussion with someone that cant even understand the difference between the 2 programs. they are no where near one in the same. You cant admit when obama is wrong an you cant admit when its obvious that you are wrong also, so whats the point. ill let you get back to cuting hair and ill get back to managing money.

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Registered: Jun 2003
Location: Jacksonville FL
Posts: 4044

quote:

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Originally posted by truly
No. reread my statement. I have never said TARP = QE. TARP = bailout and QE = bailout. If QE is not a bailout then what is it? And if you agree that it is a bailout, then who is it bailing out?

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Registered: Nov 2005
Location: minnesota
Posts: 3660

And yes folks, follow Rance's link. Remind yourself that TARP, the big bailout was a Bush program:
"The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase assets and equity from financial institutions to strengthen its financial sector that was signed into law by U.S. President George W. Bush on October 3, 2008. It was a component of the government's measures in 2008 to address the subprime mortgage crisis."

btw, rance, your comment that you can't talk policy with a stylist reminds me a little of the lengthy conversation between Burke and Payne. Thank God we fought the revolution and put your's and Burke's ideas to rest.
from Edmund Burke, one of the foundational thoughts of conservatism, that working class folks should have no say in their own governance:
The occupation of a hairdresser or of a working tallow-chandler cannot be a matter of honor to any person — to say nothing of a number of other more servile employments. Such descriptions of men ought not to suffer oppression from the state; but the state suffers oppression if such as they,either individually or collectively, are permitted to rule. In this you think you are combating prejudice, but you are at war with nature."

Class warfare anyone?

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Registered: Jun 2003
Location: Jacksonville FL
Posts: 4044

quote:

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Originally posted by truly
And yes folks, follow Rance's link. Remind yourself that TARP, the big bailout was a Bush program:
"The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase assets and equity from financial institutions to strengthen its financial sector that was signed into law by U.S. President George W. Bush on October 3, 2008. It was a component of the government's measures in 2008 to address the subprime mortgage crisis."

btw, rance, your comment that you can't talk policy with a stylist reminds me a little of the lengthy conversation between Burke and Payne. Thank God we fought the revolution and put your's and Burke's ideas to rest.
from Edmund Burke, one of the foundational thoughts of conservatism, that working class folks should have no say in their own governance:
The occupation of a hairdresser or of a working tallow-chandler cannot be a matter of honor to any person — to say nothing of a number of other more servile employments. Such descriptions of men ought not to suffer oppression from the state; but the state suffers oppression if such as they,either individually or collectively, are permitted to rule. In this you think you are combating prejudice, but you are at war with nature."

Class warfare anyone?

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Registered: Mar 2008
Location: Menominee, Nebraska
Posts: 875

quote:

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Originally posted by truly
My parents made me start paying rent of $300 dollars per day the day that I turned 18 ( in 1986- that was a lot of money to pay to live in an old farmhouse!)

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Registered: Dec 2011
Location: Springfield, Ohio
Posts: 597

quote:

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Originally posted by Triple K Kennel
The right had 1 goal when Obama took office, to go Against Everything he was for....that's it.
Yes, when Bush was in 750,000 jobs a month were being lost, ......He was doing such a Great Job, .............

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Registered: Nov 2005
Location: minnesota
Posts: 3660

quote:

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Originally posted by michael.magorian
So at the age of 18, you had to pay an average of $9,000 every month to your parents? So you were making at least $108,000 each year? Wow, you must be a billionaire by now if you were making that kind of money right out of high school.

The bill creating the TSA, as an expansion of the Dept. of Homeland Security, was again written and passed by both houses of Congress (with a bi-partisan vote) and then signed by President Bush. It was not his decision to create the TSA, or regulate their policies. You are not required to fly anywhere, ever. It is a luxury that you can utilize as a alternative to driving across the country. If you want to fly, you must abide by the rules set down by the TSA. That's about as dumb as arguing the regulations passed down by the DMV.

Ben Bernanke was appointed by President Bush, approved by a Republican controlled House and Senate. President Obama took office 2008 with a Democrate controlled House and Senate. The Federal Reserve does not have unlimited term limits like Supreme Court Justices. They can be removed.

Keep blaming President Bush. Maybe that will prevent President Obama from being worthless and counter productive. The only ex-president that agrees with him is President Carter, who is just happy people will stop calling him the worst president in U.S. history.

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Registered: Nov 2005
Location: minnesota
Posts: 3660

quote:

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Originally posted by rance56
QE is a policy to stimulate economice growth for the entire country. it is not a bailout. it is training wheels for the economy because your president's policies cant create jobs nor economic growth on their own.

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Registered: Jun 2003
Location: Jacksonville FL
Posts: 4044

quote:

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Originally posted by truly
Yes, it is a policy to stimulate and stabilize our economy. But how? By buying "toxic paper", junk assets, primarily held by the banks, financial institutions and the wealth class that foolishly over paid for these assets. So yes, QE is bailing those folks out. Which by definition means it is a "bailout". And this bailout was needed to recover from the disastrous policies of Bush. And it is being carried out by Bush appointees.
You guys talk about accountability, but until you admit that Bush led us into this financial jam then you can't really wrap your head around what it is gonna take to solve the ongoing economic crisis.

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Registered: Nov 2005
Location: minnesota
Posts: 3660

quote:

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Originally posted by michael.magorian

Ben Bernanke was appointed by President Bush, approved by a Republican controlled House and Senate. President Obama took office 2008 with a Democrate controlled House and Senate. The Federal Reserve does not have unlimited term limits like Supreme Court Justices. They can be removed.

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Registered: Nov 2005
Location: minnesota
Posts: 3660

quote:

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Originally posted by rance56
lol, game set match. TARP bought the toxic assets, QE is buying treasuries and govt agency bonds. thank you for proving my point that its a waste of time having this conversation with you due to your complete lack of understanding.

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patriotism is supporting your country all of the time and your government when it deserves it.
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Registered: Jun 2003
Location: Jacksonville FL
Posts: 4044

quote:

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Originally posted by truly
You declare victory like Romney! but per your own source, wiki, QE is buying mortgage backed securities, and the reason that they need to be bought to stabilize the economy is that they are also toxic. .[42][43]

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Registered: Jun 2003
Location: Jacksonville FL
Posts: 4044

quote:

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Originally posted by truly
And BTW, fed board members are appointed and serve 14 year terms. Bernanke has been the chairman since 2006 and still is to this day. While the terms are not unlimited it is not possible for an incoming President to clear out the board and start with their own picks.

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Location: Jacksonville FL
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quote:

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Originally posted by truly
In November 2010, the Fed announced a second round of quantitative easing, buying $600 billion of Treasury securities by the end of the second quarter of 201142][43]

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Registered: Mar 2008
Location: Menominee, Nebraska
Posts: 875

quote:

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Originally posted by truly
And BTW, fed board members are appointed and serve 14 year terms. Bernanke has been the chairman since 2006 and still is to this day. While the terms are not unlimited it is not possible for an incoming President to clear out the board and start with their own picks.

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Registered: Apr 2009
Location: Dover, Ohio
Posts: 551

quote:

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Originally posted by rance56
why do i even bother.

the mortgage backed securities they are buying thru QE are not toxic, and if this was the reason for their buying of seccurities, then why are they also buying treasuries with QE?

DO YOU SEE TOXIC MENTIONED ANY WHERE IN THERE?

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Registered: Jun 2003
Location: Jacksonville FL
Posts: 4044

quote:

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Originally posted by shakethevine
Rance, would you agree that "Mortgage Backed Securities" are actually/by definition a pool (large group) of toxic assets consisting mainly of failed subprime mortgages?

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Registered: Nov 2008
Location: Woodstock, Oh
Posts: 1047

quote:

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Originally posted by groworg1
George puts 2 wars on credit card yet no blame just shows how smart the right is all they can do is blame Obama George cuts taxes during wartime first time in history while saying it creates jobs yet when he left office we were losing 750 thousand a month from his Reagan trickle down voodoo economics the right just shut down the government and then caved not getting a single thing making us pay all federal employees back pay for doing nothing you guys got it all figured out ! I know of 3 self employed people that are saving over 400 a month on insurance and this list will grow as many on here are retired and have no clue what there talking about all those on here that are not retired or that don't have employer based health insurance please step forward so I can hear from you on how bad Obama care really is !

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