bush and the repub congress was able to create a temporary pop in economic activity through a huge run up in the debt. now the chickens are coming home to roost. hardly worth an a. Bush Borrowed More Than All Previous Presidents Combined, Group Says By Melanie Hunter CNSNews.com Senior Editor November 04, 2005 (CNSNews.com) - President Bush and the current administration have borrowed more money from foreign governments and banks than the previous 42 presidents combined, a group of conservative to moderate Democrats said Friday. Blue Dog Coalition, which describes itself as a group "focused on fiscal responsibility," called the administration's borrowing practices "astounding." According to the Treasury Department, from 1776-2000, the first 224 years of U.S. history, 42 U.S. presidents borrowed a combined $1.01 trillion from foreign governments and financial institutions, but in the past four years alone, the Bush administration borrowed $1.05 trillion. http://www.cnsnews.com/ViewNation.asp?Page=\Nation\archive\200511/NAT20051104b.html
That's the idea, friend: you borrow to augment your capital and build your business. Don't you ever use margin in your trading? I always do. If you are smart and careful, your profit multiplies. Borrowing $1T over 4 years out of a >$10T/year economy doesn't look so bad. Money is virtual anyway. Only thing is that we need to keep the economy strong and growing, and the so called "debt" takes care of itself. Paying the interest of these obligations is another way of pumping liquidity in the economy. At that level (when we are talking about the US Government that sets taxation and interest rates) the rules of the game (eg, too much debt is bad) change. The real bad measures to guard against are inflation, high taxes and unemployment.
borrowing for consumption is far different than borrowing for investment. no i never use margin. if you are smart careful and lucky you can enhance returns. if you arent you could be out of the game. borrowing 1 trillion could be handled if it stopped there but they dont stop. when you have to borrow 1 trillion every year to finance your lifestyle you never will get caught up. eventually the interest alone consumes all of your cash flow.
No, you go back and check the quote. He said that his grandmother was a typical white person. You are watching Fox too much.
MCCAIN BEGINS TO GET IT RIGHT By DICK MORRIS - Published on TheHill.com on April 15, 2008. John McCain built up massive popularity among American voters with his populist opposition to swindlers, liars and thieves, whether in business, Congress, labor or the defense community. His take-no-prisoners attitude toward corruption and his willingness to battle it wherever it crops up has made him an icon among our political leaders. But in 2008, that John McCain has been under wraps as he catered to the Republican electorate. Only the Arizona senatorâs opposition to terrorism â to be sure, a real part of his agenda â was on display. His populism was anesthetized under a blanket of conformity and positive boosterism. After he won the nomination, it seemed that he would continue fighting the Republican primaries forever. Bowing to the dictate to make peace with the fiscal conservatives who opposed him, he kept his sword sheathed and his mouth shut. But this week, the old John McCain began to re-emerge. Articulating what tens of millions of Americans feel, he blamed the âgreedyâ of Wall Street for causing the current economic problems. He noted that it was their insatiable desire to get rich quick that led to the sub-prime frenzy that undermined sound economic growth and created a speculative bubble that had to burst. And he said that, as always, it is the little guy who will pay the price when a recession hits, while the greedy who caused it make out, well, like bandits. This is precisely the kind of populist rhetoric that John McCain needs to embrace to have a chance to win the general election. He has got to draw a sharp distinction between himself and the stewards of Wall Street and side with Main Street in their battle against easy wealth and special privilege. By flanking the Democrats on the front of economic and social populism, McCain can be himself and can win. Obama is making the social populist case against himself stronger with each passing day. His condemnation of small-town America and his elitist dismissal of religion, anti-immigration concerns and hunting as evidence of bitterness and the need for easy solutions was awful. Obama is, of course, right that trade protectionism and racial discrimination do, indeed, have their roots in bitterness and the need to scapegoat others for oneâs own problems and shortcomings. But religion, concerns about immigration, and the sports of hunting and fishing hardly belong in the same category. Through his own words, and those of his good reverend, Obama is painting himself into an Ivy League ghetto reminiscent of that which kept Mike Dukakis imprisoned for the campaign. But it is up to McCain to carry the torch of economic populism. He should castigate those who are pocketing their winnings earned by inducing the poor to risk all on mortgages they couldnât afford even as their unscrupulous practices have led the country to the brink of recession. He needs to take aim at credit card companies and student loan providers who are burdening our young families with debts that make it impossible for them to realize their dreams or to be the consumers we need them to be. He should go after the loose ethics of Congress, earmarking, and the plethora of abuses in our nationâs capital. He needs to resume his role as the leading opponent of Big Tobacco in Congress, warning about its tactics in luring millions of kids into lifetime addictions. He must demand that hedge fund entrepreneurs and other partnerships pay the same taxes as working people and end their special tax benefits. Populism is neither left nor right. As a populist, McCain will bond with the average American opposing the elites that dominate the Democratic Party. The real fissure in the Republican Party is not between centrists and conservatives. It is between the rich and the rest. The country-club Republicans, perpetually defending privilege, are out of sync with the American people. But McCain has always been in step with our priorities and it is refreshing to see him emerge anew onto the field of political battle. This John McCain, the populist defender of people against privilege, can win in 2008. The ever-so-cautious, watch-out-who-you-alienate Republican who won the primaries canât.
Clowns like Rev. Wright and Civil Rights attorneys like Obama are America's Blacks worst nightmare..... if the Blacks in the USA hate the man and hate the police and refuse to help them rid the hoods of crime, well then they will be ruled over by Mobsters forever, as they are now. If every black prospective employee comes with the multi million dollar lawsuit threat that Obama made his money from, well they won't be hired..... as they now are not.... Whites don't have to hate Blacks at all, they can sit back and giggle if they like I suppose, just don't tell anybody what's so funny........ they might send some gangsta's..
This is so true. I know people who would honestly like to help deserving blacks by hiring them for good jobs. They don't however, not because they hate blacks or are racists but because they have been burned too many times by bogus discrimination complaints. If you hire a black, you are taking a big gamble. Plenty of them have poor attitudes or work habits, but if you fire them, they go straight to the EEOC. If you are a manager in a corporation or law or consulting firm and you get a couple of complaints filed against you, your career is basically over. These companies are highly PC and discrimination complaints, even if they don't stick, will severely taint you. So managers just look for reasons not to hire blacks. BTW they use the same reasoning for gays, who are also known for being quick to play the discrimination card.
all the candidates need to denounce clown abe foxman.. he is a hate criminal.. he hates my guts. he hates my religion. he hates this country. thats all he does is hate everyone!!!! his organization is the greatest hate org in the world.... they wrote the book on hate. i hate that don't you? good thing the geniuses in canada have strict hate crime laws... everyone loves each other! <object width="425" height="355"><param name="movie" value="http://www.youtube.com/v/c8m8Eeav7Uk&hl=en"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/c8m8Eeav7Uk&hl=en" type="application/x-shockwave-flash" wmode="transparent" width="425" height="355"></embed></object>
I have been traditionally a Republican. Unfortunately, John McCain would be a horrible president. Similarly to Bush's failing foreign policy, we could end of fighting in Iran and sacrificing more lives... As much as I hate the Democrats and their goals of a welfare state, I will vote certainly not vote for McCain because he would send more troops overseas. We need to realize that we are fighting a war that we cannot win. How can you win against Terrorism? You cannot defeat an ideology furthermore what is terrorism? It is the same as the War on Drugs... complete failure. Our debt is immense because of the war. That should be our biggest concern. The second, an equally significant aspect is that the United States is becoming hated, and rightfully so, by the rest of the world, not just the Middle East. The neo-cons desire to have an modern borderless empire, and any history lesson shows that Wars cripple a nation. Great Britain is a great example, it controlled so much of the world at one point. However, it is impossible to sustain an empire. Please do some research about how many military bases/troops the US has around the world. It is outrageous, I believe we still have about 50,000 troops in S. Korea (because of China/Taiwan dispute). We cannot afford to police the world. Furthermore, we do so for our own interests. This strategy is failing, nevertheless. I will not vote for McCain because he does not truly represent conservatives. As mentioned earlier in the post, Ron Paul made him look like a jackass when he asked an economics question. McCain is clueless. He should still be in the military, instead of the Congress. I will probably end up voting for Obama, though even Hilary's healthcare plan is better than continuiing such a ridiculously unnecessary war.
So, you decided, that after 9/11/01, it's better to hide under a bed, take drugs and hope they don't hurt you? And then, istead of voting for the Republican nominee, you will vote for the guy who's at the opposite side of the political spectrum? And you think that makes sense? Your words look very confused to me, but, at any rate, good luck man, all the best to you