Actually there is nothing unusual here with regard to the Fed buying bonds, but of course the amount of the purchases have been large. But that should be expected considering the depth of the recession. Buying Treasuries is the usual method the Fed uses to pump money into the economy via the Treasury. The U.S. is coming off the worst recession since the Great Depression, so naturally the Fed Bond purchases have been especially large. Perhaps there would have been another depression had the Fed not done this. As to foreign purchasing of Treasuries dropping, that is somewhat true, but there are still lots of Treasuries being sold to entities other then the Fed. Consider what happens when the government leverages up to compensate for leveraging down in the private sector. Under these conditions Congress, via the Treasury, will spend more; thus, against a backdrop of fiscal profligacy, declining revenues and heavy deficits, during a very severe recession borrowing greatly increases. I'm not saying that China and Japan did not reduce their bond purchases, nor am I getting into whether the Fed's action is good or bad. I'm just pointing out that the Fed is following standard practice here. Nothing unusual considering the severity of the recession. It seems Crenshaw and Jones are trying to make a case for the Fed's heavy buying being due to loss of interest from Japan and China. But I think it is a weak case under circumstances where the Fed would be buying heavily anyway. Certainly, if the Congress does not bring its discretionary spending into line with revenues once the recession is past, and it's going to be a long one, the U.S. will ultimately find itself in "deep doo doo," to borrow a phrase from a famous American.
..., and employees moving from the Southern braindrain states to the Northern "Libtard" states can flip the bird to the employers as they pass each other with their U-Hauls on opposite sides of the highway. Don't count on any of this nonsense coming true folks. Now that the Court majority has ruled that the mandate is actually a choice and the penalty is actually a tax there are easy ways to get around this apparent discrepancy between the Federally run and State run insurance exchanges without having to get new legislation passed. Y'all are sour grape bad losers. I didn't get what I wanted with this crazy Romney-Roberts-Obamacare deal, but at least I know when I'm licked. Congratulations to the winners, I say.
Yannis, are you going to vote for Mitt Romney? If so, then there are now two instances in recorded history of a rat swimming toward a sinking ship. _________________ Sir Winston, on the occasion of a Liberal MP crossing the floor to join the Socialists; The "... only recorded instance in history of a rat swimming towards a sinking ship." Edit: Oops, if memory serves me right I think John Connally once said pretty much the same thing about one of his political rivals without giving Sir Winston any credit. If so, then there may now be three instances! Connally, besides being extremely colorful, was actually very bright. One therefore has to wonder how either Connally or Richards ever got elected in Texas. Emergency Correction: It wasn't Connally about a Rival it was Yarborough about Connally. I found after a little search: "John Connally, former governor of Texas and close personal friend of Lyndon B. Johnson, left the Democrats to become a Republican candidate for President. That prompted Ralph Yarborough, a man whose perception and intelligence were often underestimated, to quip that it was the first time he ever heard of "a rat swimming toward a sinking ship." There are three instances, the Liberal MP who joined the socialists, Connally, and Yannis!
I completely disagree. No sour grapes here. Just reporting what will happen to hack legislation even more hacked up by Roberts and the court. If they just amend the law a bit... suits will be triggered. We know that there will be plenty of states saying no to obamacare. And we know the SCOTUS just supported states rights already. Basically the law will have to be changed to single payer. Which is what it should have been from the beginning. IMO leftist won and they should have done it correctly the first time.
The reason the "lefty, libtard, commie, socialists" couldn't do it right was not because they didn't try, it's because the the crackpot, nut case, fundamentalist, fascist, corporatist, Republiscums, forced them to crap on their own legislation to get anything at all passed.<sup> *</sup> But one thing is certain, no governor that turns down federal money for their State will get re-elected. All the talk is nothing but hot air. When offered the bucks, they'll take them, then claim they were forced to...or use some other lie to justify going back on their word. ____________________ <sup> *</sup>Thought it might help get my point across if I borrowed some of your language. Hope you don't mind.
Single payer will be much better, common sense. And, not States saying no, just some Rep governors trying to look big and bad to their masters like Rove. They won't turn down the money.
You have to study the politics at the time. The same group who brought us Medicare Part D under Bush.. then bought out all the dems on Obamacare. The dems had the votes.. they had both houses and the white house. The insurance companies bought them off and then showed up at the white house and told Obama he could not have single payer. And Obama went along with them. The dems completely sold out america. Plenty of republican pols would have had to vote for single payer if you were to remove the burden of health care from businesses.
His real story; Dreams from his real father http://www.youtube.com/watch?v=6jrrnkKmUzo&feature=player_embedded
From the book; What are the true origins of Obama's life and politics? At age 18, Barack Obama admittedly arrived at Occidental College a committed revolutionary Marxist. What was the source of Obama's foundation in Marxism? Throughout his 2008 Presidential campaign and term in office, questions have been raised regarding Barack Obama's family background, economic philosophy, and fundamental political ideology. Dreams from My Real Father is the alternative Barack Obama "autobiography," offering a divergent theory of what may have shaped our 44th President's life and politics. In Dreams from My Real Father, Barack Obama is portrayed by a voiceover actor who chronicles Barack Obama's life journey in socialism, from birth through his election to the Presidency. The film begins by presenting the case that Barack Obama's real father was Frank Marshall Davis, a Communist Party USA propagandist who likely shaped Obama's world view during his formative years. Barack Obama sold himself to America as the multi-cultural ideal, a man who stood above politics. Was the goat herding Kenyan father only a fairy tale to obscure a Marxist agenda, irreconcilable with American values? This fascinating narrative is based in part on 2 years of research, interviews, newly unearthed footage and photos, and the writings of Davis and Obama himself. Dreams from My Real Father weaves together the proven facts with reasoned logic and speculation in an attempt to fill-in the obvious gaps in Obama's history. Is this the story Barack Obama should have told, revealing his true agenda for "fundamentally transforming America?" Director Joel Gilbert concludes, "The 'Birthers' have been on a fool's errand. To understand Obama's plans for America, the question is not 'Where's the Birth Certificate?,' the question is 'Who is the real father?'"
a porno mom hooks up with a very sexual socialist for one explosive mix - obama The pictures in the book are shocking, a must read!