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Apologies To All

Mike

Well-known member
Due to the sheer numbers of derogatory articles that personify and vilify the short Obama tenure, I can no longer keep up with sharing them all with you. :lol: :lol:

It would now take an army of thousands to show here how many news organizations and news writers that have recently realized his incapability to lead our country.

I am truly sorry, but I will continue to do what I can. :wink:
 

Silver

Well-known member
Keep 'em coming Mike. It's refreshing and enlightening to read these derogatory posts from those who during past administrations were very adamant that everyone should show so much respect for their commander in chief regardless of the current state of affairs! :lol:
 

Larrry

Well-known member
If he would just show the birth certificate it would be a lot easier to show respect. I wanna know as many others, wheres the birth certificate. It is time that the Urkel administration stood up and gave some proof. When Urkel has no more respect for the Presidency that he won't show the cert it is hard for anyone to show respect.

It is time for obama to show some respect to the office
 

Broke Cowboy

Well-known member
Following Canadian news has for the most part showed Obama as a Messiah.

Hero worship usually leads to some type of disappointment asnd it seems few in the Canadia main stream media are willing to publicly doubt Obama

However even in this country the big question was finally asked:

"Speaking of doom, what if Obama only makes it worse?"

I have always believed that debt is a bad thing that takes years to get out from under - Ibbitson has some interesting points.

BC
-----------------------------------------------------






JOHN IBBITSON

From Wednesday's Globe and Mail

E-mail John Ibbitson | Read Bio | Latest Columns
March 25, 2009 at 12:00 AM EDT

We could be entering a future that none of us wants to face, a future in which we will be much poorer, a future in which we realize that everything Barack Obama tried only made things worse.

Most economists are debating whether the United States has led the world into a V-shaped recession, marked by sharp economic decline and an equally quick recovery, or a U-shaped recession, which takes a while to get under way but lasts a long time and takes a long time to climb out of.

But a minority of economists and economic analysts believe what's happening is L-shaped. We are witnessing a global economic contraction resulting from years of artificial growth fuelled by personal, corporate and governmental debt. When we reach bottom, they say, we will stay there. Globalism will collapse, and deflation and depression will stalk the land.

“A ‘lost decade' for the world economy is quite possible,” wrote Peter Boone, Simon Johnson and James Kwak in a much-discussed online analysis earlier this year on the website Baseline Scenario. “There will be some episodes of incipient recovery, as there were in Japan during the 1990s, but this will prove very hard to sustain.”

If so, the market recoveries and encouraging reports of the past few days are nothing but a dead-cat bounce: temporary phenomena masking an ongoing decline.

At a Japan Society symposium in Toronto yesterday, several economists and analysts revealed they had reached the same conclusion (http://business.theglobeandmail.com/crashandrecover).

Canadians must face “the very real possibility that not only could the systemic global credit crisis and the spreading U.S. balance-sheet recession lead to a lost decade or worse for the global economy,” predicted veteran analyst William Macdonald in his written submission, “it could also lead to the breakdown of the globalization project itself.”

A balance-sheet recession is unlike other recessions. Even the healthiest corporations fear bankruptcy, as demand plummets. In response, executives apply all revenue to corporate debt, in an effort to right the balance sheet. Fearful consumers do the same thing, creating a vortex of falling demand, declining revenue, curtailed investment, bankruptcies and rising unemployment.

This has been happening in Japan since the early 1990s. But at least Japan has been able to cushion its decline through export earnings. If the entire planet is in recession, who is there to export to?

U.S. financial analyst Martin Weiss, in a white paper he released last week, believes that a second Great Depression is already under way. If his and similar analyses are correct, then the Obama administration is doing everything wrong. Throwing billions at trying to remove and resell the toxic assets that banks accumulated is a waste of time, because those assets are worthless and should be written off.

Worse, according to some, Mr. Obama's $3.6-trillion budget, with its emphasis on health care, education and energy reform, wastes money that is needed to combat the coming depression. It robs the economy of future growth by piling on debt. And it depletes the President's political capital.

Doomsayers on the left believe the solution is to temporarily nationalize much of the financial sector, and to massively stimulate all economies, regardless of the cost. Those on the right believe the federal government should let failing institutions fail, to cleanse the system, while cutting back on deficits.

“An economic depression, although traumatic, is not the end of the world,” Mr. Weiss concludes. “Moreover, if managed wisely, it can deliver fundamental benefits: a cleansing of excess debts, a reduction in the cost of living, and a firmer foundation for subsequent growth.” Most people will find this slender consolation.

Mr. Obama believes all this is false. The February stimulus is working, he and his supporters argue, and recovery will begin later this year or early next year; the banking system can be rescued without resorting to nationalization or liquidation; and now is precisely the time to tackle the reforms in health care, education and energy that will equip the U.S. economy to compete when good times return.

There's an old saying: “He was often wrong but never in doubt.” This is as true of economists as it is of columnists. All we can do is pray that Mr. Obama and those who advise him are right, even if, in the small, dark hours, we fear for what might come.
 

TSR

Well-known member
Broke Cowboy said:
Following Canadian news has for the most part showed Obama as a Messiah.

Hero worship usually leads to some type of disappointment asnd it seems few in the Canadia main stream media are willing to publicly doubt Obama

However even in this country the big question was finally asked:

"Speaking of doom, what if Obama only makes it worse?"

I have always believed that debt is a bad thing that takes years to get out from under - Ibbitson has some interesting points.

BC
-----------------------------------------------------






JOHN IBBITSON

From Wednesday's Globe and Mail

E-mail John Ibbitson | Read Bio | Latest Columns
March 25, 2009 at 12:00 AM EDT

We could be entering a future that none of us wants to face, a future in which we will be much poorer, a future in which we realize that everything Barack Obama tried only made things worse.

Most economists are debating whether the United States has led the world into a V-shaped recession, marked by sharp economic decline and an equally quick recovery, or a U-shaped recession, which takes a while to get under way but lasts a long time and takes a long time to climb out of.

But a minority of economists and economic analysts believe what's happening is L-shaped. We are witnessing a global economic contraction resulting from years of artificial growth fuelled by personal, corporate and governmental debt. When we reach bottom, they say, we will stay there. Globalism will collapse, and deflation and depression will stalk the land.

“A ‘lost decade' for the world economy is quite possible,” wrote Peter Boone, Simon Johnson and James Kwak in a much-discussed online analysis earlier this year on the website Baseline Scenario. “There will be some episodes of incipient recovery, as there were in Japan during the 1990s, but this will prove very hard to sustain.”

If so, the market recoveries and encouraging reports of the past few days are nothing but a dead-cat bounce: temporary phenomena masking an ongoing decline.

At a Japan Society symposium in Toronto yesterday, several economists and analysts revealed they had reached the same conclusion (http://business.theglobeandmail.com/crashandrecover).

Canadians must face “the very real possibility that not only could the systemic global credit crisis and the spreading U.S. balance-sheet recession lead to a lost decade or worse for the global economy,” predicted veteran analyst William Macdonald in his written submission, “it could also lead to the breakdown of the globalization project itself.”

A balance-sheet recession is unlike other recessions. Even the healthiest corporations fear bankruptcy, as demand plummets. In response, executives apply all revenue to corporate debt, in an effort to right the balance sheet. Fearful consumers do the same thing, creating a vortex of falling demand, declining revenue, curtailed investment, bankruptcies and rising unemployment.

This has been happening in Japan since the early 1990s. But at least Japan has been able to cushion its decline through export earnings. If the entire planet is in recession, who is there to export to?

U.S. financial analyst Martin Weiss, in a white paper he released last week, believes that a second Great Depression is already under way. If his and similar analyses are correct, then the Obama administration is doing everything wrong. Throwing billions at trying to remove and resell the toxic assets that banks accumulated is a waste of time, because those assets are worthless and should be written off.

Worse, according to some, Mr. Obama's $3.6-trillion budget, with its emphasis on health care, education and energy reform, wastes money that is needed to combat the coming depression. It robs the economy of future growth by piling on debt. And it depletes the President's political capital.

Doomsayers on the left believe the solution is to temporarily nationalize much of the financial sector, and to massively stimulate all economies, regardless of the cost. Those on the right believe the federal government should let failing institutions fail, to cleanse the system, while cutting back on deficits.

“An economic depression, although traumatic, is not the end of the world,” Mr. Weiss concludes. “Moreover, if managed wisely, it can deliver fundamental benefits: a cleansing of excess debts, a reduction in the cost of living, and a firmer foundation for subsequent growth.” Most people will find this slender consolation.

Mr. Obama believes all this is false. The February stimulus is working, he and his supporters argue, and recovery will begin later this year or early next year; the banking system can be rescued without resorting to nationalization or liquidation; and now is precisely the time to tackle the reforms in health care, education and energy that will equip the U.S. economy to compete when good times return.

There's an old saying: “He was often wrong but never in doubt.” This is as true of economists as it is of columnists. All we can do is pray that Mr. Obama and those who advise him are right, even if, in the small, dark hours, we fear for what might come.

BC I hope Bernanke is right as he tends to be optimistic. I pay more attention to him than Obama or Geithner. I hope they are listening to him also as I think he has some good ideas regarding our economy. Again, I just hope he's right.
 

Soapweed

Well-known member
reader (the Second) said:
Economics appears to be a soft science to me, with economists themselves usually unable to explain "why" something happens.

I have not asked my conservative brother-in-law his opinion yet. It will be interesting to contrast it to my liberal cousin who's an economist who believes that the stimulus was actually late in coming and should have been put in place last autumn.

You listen to your brother-in-law. He knows a lot more about the real world than does your cousin. :wink: :)
 

Soapweed

Well-known member
reader (the Second) said:
Soapweed said:
reader (the Second) said:
Economics appears to be a soft science to me, with economists themselves usually unable to explain "why" something happens.

I have not asked my conservative brother-in-law his opinion yet. It will be interesting to contrast it to my liberal cousin who's an economist who believes that the stimulus was actually late in coming and should have been put in place last autumn.

You listen to your brother-in-law. He knows a lot more about the real world than does your cousin. :wink: :)

Well my cousin is a wealthy man who retired at 40 and who advises others on investment :)

My brother in law is still working like a dog at 60 :(

Which one is the happiest? :wink:

How did your cousin gain his wealth? Was it at the price of the taxpayers, or did he tromp anyone down so he could step on them to get to the top? There are lots of variables in the equation.
 

Sandhusker

Well-known member
reader (the Second) said:
Soapweed said:
reader (the Second) said:
Economics appears to be a soft science to me, with economists themselves usually unable to explain "why" something happens.

I have not asked my conservative brother-in-law his opinion yet. It will be interesting to contrast it to my liberal cousin who's an economist who believes that the stimulus was actually late in coming and should have been put in place last autumn.

You listen to your brother-in-law. He knows a lot more about the real world than does your cousin. :wink: :)

Well my cousin is a wealthy man who retired at 40 and who advises others on investment :)

My brother in law is still working like a dog at 60 :(

If you're going to equate investment wealth to intelligence, I'll bet my portfolio has done better than is the last two years. That would make me smarter and thus, my opinions would carry more weight.
 

MsSage

Well-known member
Well my cousin is a wealthy man who retired at 40 and who advises others on investment

My brother in law is still working like a dog at 60
My Dad is still working at 75 and I would say like a dog but he says it keeps him busy and alive.
Its a generation difference.
 

VanC

Well-known member
reader (the Second) said:
Soapweed said:
reader (the Second) said:
Economics appears to be a soft science to me, with economists themselves usually unable to explain "why" something happens.

I have not asked my conservative brother-in-law his opinion yet. It will be interesting to contrast it to my liberal cousin who's an economist who believes that the stimulus was actually late in coming and should have been put in place last autumn.

You listen to your brother-in-law. He knows a lot more about the real world than does your cousin. :wink: :)

Well my cousin is a wealthy man who retired at 40 and who advises others on investment :)

My brother in law is still working like a dog at 60 :(

I'd venture to say that someone who's working like a dog at 60 is a heckuva lot more in touch with the real world than someone who's wealthy and retired at 40. :wink:
 

Larrry

Well-known member
Well my cousin is a wealthy man who retired at 40 and who advises others on investment

My brother in law is still working like a dog at 60

So this is how she evaluates people, before I would come up with a conclusion I would like to see for myself. After all this evaluation comes from someone that can't tell the difference in a RIGHT and a priveledge.
 

Larrry

Well-known member
reader you are funny. However I still have to take anything you say. After all a first grader would know the difference in a right and a priveledge. Speaking of ears, whats between yours, never mind we know.
 

Larrry

Well-known member
So sad that you are such an angry person, Ever since I called you out and showed you the second amendmen was a RIGHT and not priveledge you feel you must always attack me. You must leave an awful pathetic life if you retaliate this way. After all you won't even answer the Sandhuskers post on the 2nd. So keep attacking me in your childish ways if it makes you feel better. Your attacks only reaffirm I and almost all the others on this board are right on this topic. So attack away to your hearts content.
 

Larrry

Well-known member
So you lead such a pathetic life that all you have to do is run around and be the spelling police. Have a wonderful day. Hope you can find some more spelling to correct :lol: :lol:










PLEASE NOTE:
** I DO NOT SPELL CK MY POSTS, so don't bi-atch about it **
 

kolanuraven

Well-known member
Larrry said:
So you lead such a pathetic life that all you have to do is run around and be the spelling police. Have a wonderful day. Hope you can find some more spelling to correct :lol: :lol:



Ahhhh....now that you started it you want to leave a pizz trail as you leave!!!

:lol: :lol: :lol: :lol: :lol:










PLEASE NOTE:
** I DO NOT SPELL CK MY POSTS, so don't bi-atch about it **
 

Larrry

Well-known member
Try to find a hobby, it might help your anger issues.

Have a nice day :lol: :lol: :lol: :lol: :lol: :lol: :lol:










PLEASE NOTE:
** I DO NOT SPELL CK MY POSTS, so don't bi-atch about it **
 

hopalong

Well-known member
Larrry said:
Try to find a hobby, it might help your anger issues.

Have a nice day :lol: :lol: :lol: :lol: :lol: :lol: :lol:

She has a hobby!!!

It is acting like an idiot,!!!
kolo has proved having money does not equate to intelligence or making sound judgements.
:D








PLEASE NOTE:
** I DO NOT SPELL CK MY POSTS, so don't bi-atch about it **
 
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