Obama reveals plan of destruction

Discussion in 'Politics' started by jem, Feb 26, 2009.

  1. jem


    1. Give away taxpayer trillions to zombie banks

    2. Destroy the assets of those banks by decreasing or eliminating the mortgage interest rate deduction - forcing faster liquidation into an illiquid market with few or any loan programs for buyers.

    Causing the higher end to pancake down the mid and lower tier properties

    3. Commence gun control programs.

    Seriously can anyone explain why would would make real estate assets less desirable why you were given the banks trillions because their assets are presumably underpriced right now pending the end of the "credit crisis".

    Could he be trying any harder to sell out our future?

    Did I mention spending programs which make bush look frugal?
  2. ergo


    <img src="http://www.cedarcomm.com/~stevelm1/usdebt_files/image002.jpg"/>
  3. Mav88


    that chart is pointless since it is not as a % GDP. WWII should be much larger. Also I didn't know Clinton was president until 2003. whoever made that is a dumbass.

    The current deficits are 4-6x previous with implied risk at 50%GDP, it is no longer relevent what happened in the past 20 years really. The Iraq war is peanuts now.
  4. ergo


    <img src="http://www.cedarcomm.com/~stevelm1/usdebt_files/image008.jpg"/>