• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

Economy- New Poll

Do You think the US Economy is Heading into or in a Recession--or a Depression?

  • No-the Economy is doing Fine

    Votes: 0 0.0%
  • Yes- a mild short Recession

    Votes: 0 0.0%
  • Yes- a prolonged Recession/Depression

    Votes: 0 0.0%
  • Economic Collapse

    Votes: 0 0.0%

  • Total voters
    0

TexasBred

Well-known member
aplusmnt said:
TexasBred said:
TSR that's how the vote count went....but here's what was happening behind the scenes. :

TSR is a liar don't agree with him, that is not how the vote count went. The FINAL BILL was passed with bipartisan support after it came out of committee from the House and sent back to the Senate!

TSR is just telling half truths just like OT does all the time.

And now he will not respond because he knows he is wrong, he will run away and in a few weeks he will say the same thing.

He will not admit when he is wrong no matter how many times I show him the final vote count!

Its bad enough he will not say he is wrong, but he just goes on believing the way the Kool Aid servers tell him to believe.

It is easy matter of record to see what the final vote was on the Bill that Clinton signed was.

This is how the liberals use smoke and mirrors to mislead the public!

I was wrong on the vote. There was a vote on something else where one dem. voted against it and latter voted for it if I remember right. It really doesn't matter. It's pretty common to vote one way and then change your vote especially when you see the bill is going to pass anyway. You can call it bi-partisonship or whatever you want. Basically these folks sell their soul and do it often on both sides of the aisle once all the behind the scenes scenarios are worked out.
 

TSR

Well-known member
TexasBred said:
aplusmnt said:
TexasBred said:
TSR that's how the vote count went....but here's what was happening behind the scenes. :

TSR is a liar don't agree with him, that is not how the vote count went. The FINAL BILL was passed with bipartisan support after it came out of committee from the House and sent back to the Senate!

TSR is just telling half truths just like OT does all the time.

And now he will not respond because he knows he is wrong, he will run away and in a few weeks he will say the same thing.

He will not admit when he is wrong no matter how many times I show him the final vote count!

Its bad enough he will not say he is wrong, but he just goes on believing the way the Kool Aid servers tell him to believe.

It is easy matter of record to see what the final vote was on the Bill that Clinton signed was.

This is how the liberals use smoke and mirrors to mislead the public!

I was wrong on the vote. There was a vote on something else where one dem. voted against it and latter voted for it if I remember right. It really doesn't matter. It's pretty common to vote one way and then change your vote especially when you see the bill is going to pass anyway. You can call it bi-partisonship or whatever you want. Basically these folks sell their soul and do it often on both sides of the aisle once all the behind the scenes scenarios are worked out.

I agree I failed to read past where it said on 7/20/99 House passed without objection!

I only have one thing to say, Aplus You said McCain would have an easy victory. LIAR LIAR LIAR LIAR LIAR LIAR :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:
 

aplusmnt

Well-known member
TSR said:
TexasBred said:
aplusmnt said:
TSR is a liar don't agree with him, that is not how the vote count went. The FINAL BILL was passed with bipartisan support after it came out of committee from the House and sent back to the Senate!

TSR is just telling half truths just like OT does all the time.

And now he will not respond because he knows he is wrong, he will run away and in a few weeks he will say the same thing.

He will not admit when he is wrong no matter how many times I show him the final vote count!

Its bad enough he will not say he is wrong, but he just goes on believing the way the Kool Aid servers tell him to believe.

It is easy matter of record to see what the final vote was on the Bill that Clinton signed was.

This is how the liberals use smoke and mirrors to mislead the public!

I was wrong on the vote. There was a vote on something else where one dem. voted against it and latter voted for it if I remember right. It really doesn't matter. It's pretty common to vote one way and then change your vote especially when you see the bill is going to pass anyway. You can call it bi-partisonship or whatever you want. Basically these folks sell their soul and do it often on both sides of the aisle once all the behind the scenes scenarios are worked out.

I agree I failed to read past where it said on 7/20/99 House passed without objection!

I only have one thing to say, Aplus You said McCain would have an easy victory. LIAR LIAR LIAR LIAR LIAR LIAR :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:

Sadly I was wrong in my prediction, see how easy it is to type that simple little word W R O N G! :wink:
 

TSR

Well-known member
aplusmnt said:
TSR said:
aplusmnt said:
LIAR! LIAR!

You know the bill passed with Democratic support once it was revised and re voted on. You quote figures from its previous version not the one Clinton signed and was put into law!!!!!!!!!!!!!!!!!!!!!!!! Liar!


After passing both the Senate and House the bill was moved to a conference committee to work out the differences between the Senate and House versions. The final bipartisan bill resolving the differences was passed in the

Senate 90-8-1 and in the House: 362-57-15.

Without forcing a veto vote, this bipartisan, veto proof legislation was signed into law by President Bill Clinton on November 12, 1999. [10]



http://en.wikipedia.org/wiki/Glass-Steagall_Act

The bill passed Senate 90 to 8!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Now please acknowledge you were wrong!

You know you like to throw out that word liar rather easily. I guess that means TBred is a liar to as he agreed with me on the vote. Now for your feeble mind its possible just possible we could be talking about 2 different bills or votes.

NO we are talking about the same bill! And I believe you know it, you are on here to much to have just not looked at threads you have posted on and never came back.

The bill was voted on with the same vote as you said in its original form, then it was passed by the house with changes, then put in committee to work out the changes then sent back to the senate for a vote and passed almost unanimously and then was signed by Clinton. So the bill that was signed by Clinton did have Democratic support in both the senate and house!

And I believe you have seen this now for the fourth time!


Below is a link to the vote I was talking about. This was the origin of the ones that you mention that followed I believe. Now was a vote taken on this bill by the Senate?? Yes! Was the vote partisan? Yes! Now are we talking about the same bill?? I don't think so! Now I readily admit I didn't read any further at the time anything else to do with this particular bill (something you assumed I did).
It was basically after this vote that our Congress got bought out and passed those you mention. But I will let everyone else who is interested look at the site and see if anything in my first paragraph is false at least according to the link. If there is something false it certainly wasn't intentional as you want to believe.

http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=106&session=1&vote=00105
 

aplusmnt

Well-known member
TSR said:
aplusmnt said:
TSR said:
You know you like to throw out that word liar rather easily. I guess that means TBred is a liar to as he agreed with me on the vote. Now for your feeble mind its possible just possible we could be talking about 2 different bills or votes.

NO we are talking about the same bill! And I believe you know it, you are on here to much to have just not looked at threads you have posted on and never came back.

The bill was voted on with the same vote as you said in its original form, then it was passed by the house with changes, then put in committee to work out the changes then sent back to the senate for a vote and passed almost unanimously and then was signed by Clinton. So the bill that was signed by Clinton did have Democratic support in both the senate and house!

And I believe you have seen this now for the fourth time!


Below is a link to the vote I was talking about. This was the origin of the ones that you mention that followed I believe. Now was a vote taken on this bill by the Senate?? Yes! Was the vote partisan? Yes! Now are we talking about the same bill?? I don't think so! Now I readily admit I didn't read any further at the time anything else to do with this particular bill (something you assumed I did).
It was basically after this vote that our Congress got bought out and passed those you mention. But I will let everyone else who is interested look at the site and see if anything in my first paragraph is false at least according to the link. If there is something false it certainly wasn't intentional as you want to believe.

http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=106&session=1&vote=00105


My problem was not with your misinformation on the vote record I can see that being an honest mistake. My problem was I found it hard to believe you did not see my 2 previous corrections.

And for the record here is the final vote for the bill. This is the page you should be looking at not the one you posted above!

http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=106&session=1&vote=00354

As for anything being false in your first paragraph that would be a yes. You said Clinton signed a bill that almost all his party was against. No that is not true, the Bill that Clinton signed had Democrat support. The key point being the Bill that Clinton SIGNED! The one he SIGNED had Democrat support!

TSR said:
Bottomline: Clinton signed a bill that went against his own party's wishes.


Ps. Interesting point, the final bill that lead to all this mess that Bill Clinton signed was not voted on by McCain! Guess it is a mute point now but he did not vote for it!


Ps. 2 You say you do not think we are talking about the same bill well look at my link and look at your link and you will see that they are both votes on S 900. They are both the same bill just I am referring to the final version that Clinton signed and you are looking at a vote on the first draft. First drafts do not mean diddly there are thousands of vote records on first draft legislation that mean diddly it is final version that matters!
 

TSR

Well-known member
When you click on S900 the follow up page says became public law. It couldn't have become law without the president's signature. Although I read it elsewhere to, I just can't find it right now. Now this law is probably the final version you are talking about which I didn't read. But anyway we may have been reading the same bill but at different times in its process. I still believe we were sold out after the first vote by the Senate-my link. And both parties were guilty judging by the votes-greed at work again!
 
A

Anonymous

Guest
Cattle prices and futures took another hit today- along with grain...

United States in Recession Since December 2007

Monday, December 1, 2008 12:39 PM

The economy slipped into recession in December 2007, the National Bureau of Economic Research, the prestigious private research institute that is regarded as the arbiter of U.S. recessions, declared on Monday.


The NBER's business cycle dating committee said its members met by conference call on Friday and concluded that the 73-month economic expansion had ended. The previous period of economic expansion, which ended in 2001, lasted 10 years.


The current recession, which many economists expect to persist through the middle of next year, is already the third-longest since the Great Depression, behind only the 16-month slumps of the mid-1970s and early 1980s.

http://moneynews.newsmax.com/headlines/nber_recession/2008/12/01/156817.html

Dow Plunges Nearly 700 on Consumer Spending Worries

Monday, December 1, 2008 4:30 PM

NEW YORK -- A litany of bad economic news has snuffed out Wall Street's five-day rally, sending stocks falling sharply as investors realized anew how troubled the U.S. economy really is. Confirmation that the nation is in a recession followed reports of only a modest gain in holiday shopping sales, and that prompted investors to begin unloading stocks. Downbeat data on manufacturing and construction spending added to the market's gloom.


The Dow Jones industrial average fell 679 points, wiping out more than half the 1,276 points it added during a five-day rally built on investors' budding optimism about the economy. The major indexes all lost more than 7 percent, with the Standard & Poor's 500, the measure most closely watched by market professionals, falling nearly 9 percent.

http://moneynews.newsmax.com/headlines/wall_street/2008/12/01/156908.html
 

hopalong

Well-known member
When are you gonna realize 90% of the loss is all a paper loss???
come on oldtimer even YOU should realize that prices have been out of control for several years,...
 

Bullhauler

Well-known member
hopalong said:
When are you gonna realize 90% of the loss is all a paper loss???
come on oldtimer even YOU should realize that prices have been out of control for several years,...

Yeah GW just wants the market to be 2000 points lower when he leaves office then it was eight years ago when he got in. Gotta get things back in line you know. :D :D
 

backhoeboogie

Well-known member
hopalong said:
When are you gonna realize 90% of the loss is all a paper loss???
come on oldtimer even YOU should realize that prices have been out of control for several years,...

You haven't been listening to well to Pelosi and company.

Let me try to explain it for you. If you buy a used stock trailer from me for a thousand dollars. The thousand dollars will immediately disappear from your pocket and magically disappears from mine too. Whoof, its gone. Lost.

Next the stock trailer magically vanishes too.

Everything is a loss. :D :D

That is what happened to the houses people bought but could not afford. People lost them and now the banks can't find them either. Thousands of acres of land too. All gone. Lost. Listen to the Dems a little harder and you'll figure this all out. They explain it for hours at a time.
 

TexasBred

Well-known member
Yep cattle went down again....I'm not selling so I didn't lose anything. Corn went down again. Most farmers are storing corn and not selling so lost nothing. At over $3.00 a bushel it's still well over $1.00 a bushel over historical prices. Greed working again. Both the cattleman and the farmer had the opportunity to sell at prices well above present prices but held on hoping for still higher prices. Just the nature of the greedy person and now they whine about the low prices.

That's also why so many lost so much in their 401-k plans. Demanding those huge returns on their money and getting it for several years, but never content. Held on for just a "little bit more" and lost their a$$.
 

Steve

Well-known member
That is what happened to the houses people bought but could not afford. People lost them and now the banks can't find them either. Thousands of acres of land too. All gone. Lost. Listen to the Dems a little harder and you'll figure this all out. They explain it for hours at a time.

and if you can't sell the "bunch of mortgages" that are still paying earned interest, they are worthless as well.. becuase you have to mark thier value to thier marketable value..

so if I hold several mortages, that I can't sell, can I mark then to zero so I can write off the loss against the money they are earning? :wink: :wink: :roll: :wink:
 

TexasBred

Well-known member
Steve said:
That is what happened to the houses people bought but could not afford. People lost them and now the banks can't find them either. Thousands of acres of land too. All gone. Lost. Listen to the Dems a little harder and you'll figure this all out. They explain it for hours at a time.

and if you can't sell the "bunch of mortgages" that are still paying earned interest, they are worthless as well.. becuase you have to mark thier value to thier marketable value..

so if I hold several mortages, that I can't sell, can I mark then to zero so I can write off the loss against the money they are earning? :wink: :wink: :roll: :wink:

Steve..Hey...I own a few houses that have been marked to market. Only thing... I can't find them....But I'll still sell them...You can fix them up and charge that off IF you can find them. lolol :wink:
 

Steve

Well-known member
TexasBred said:
Steve said:
That is what happened to the houses people bought but could not afford. People lost them and now the banks can't find them either. Thousands of acres of land too. All gone. Lost. Listen to the Dems a little harder and you'll figure this all out. They explain it for hours at a time.

and if you can't sell the "bunch of mortgages" that are still paying earned interest, they are worthless as well.. becuase you have to mark thier value to thier marketable value..

so if I hold several mortages, that I can't sell, can I mark then to zero so I can write off the loss against the money they are earning? :wink: :wink: :roll: :wink:

Steve..Hey...I own a few houses that have been marked to market. Only thing... I can't find them....But I'll still sell them...You can fix them up and charge that off IF you can find them. lolol :wink:

since they are worth nothing, just mail me the signed deeds and I'll take care of the rest.. :wink:
 
A

Anonymous

Guest
Fed: Economy Darkens Heading Into Holidays

Wednesday, December 3, 2008 2:30 PM

WASHINGTON -- The country's economic picture has darkened further as Americans hunkered down heading into the holidays, forcing retailers to ring up fewer sales and factories to cut back on production.


The Federal Reserve's new snapshot of business conditions nationwide, released Wednesday, suggested the economy was sinking deeper into recession.


"Economic activity weakened across all Federal Reserve districts," the report concluded.


The Fed didn't use the word "recession," but just two days earlier the National Bureau of Economic Research declared what many Americans already knew in their bones: that the country had been suffering through one since last December.


To cushion the fallout, Federal Reserve Chairman Ben Bernanke said Monday that the central bank is prepared to lower its key interest rate and to explore other ways to revive economic activity. Many economists predict the Fed will cut its rate _ now near a historic low of 1 percent _ at its last scheduled meeting this year on Dec. 16.


With jobs vanishing, shoppers cut back, causing retail sales to be "weak" or "down" in most of the Fed's 12 regions.


"Retailers were preparing for a relatively slow holiday sales season," the Fed report said. New York retailers said the holiday sales season is likely to feature more discounted prices on merchandise than last year. Some retailers in the Fed regions of Boston, Philadelphia, Cleveland and Dallas planned to cut capital spending projects for 2009.


Consumer spending _ which includes retail sales _ is a major shaper of national economic activity. Job cuts, tanking investment portfolios and sinking home values have made American consumers, however, wary of spending.


ShopperTrak RCT Corp., a research company that tracks total retail sales for more than 50,000 outlets, released more data Wednesday showing that the better-than-expected sales boost on Friday, the traditional opening for the holiday shopping season at stores, fizzled quickly during the rest of the weekend _ resulting in a mixed start to the season.


The economy jolted into reverse in the summer as consumers slashed their spending by the most in 28 years.


Many believe the economy will continue to shrink through the rest of this year and into the first quarter of next year. At 12 months and counting, the current recession is longer than the 10-month average length of recessions since World War II. The record for the longest recession in the postwar period is 16 months, which was reached in the 1973-75 and 1981-82 downturns.


Besides retail sales, auto sales were down sharply in most Fed regions. Car buyers in many areas had difficulty obtaining financing, a direct result of the credit crisis, the report said.


The chiefs of Chrysler LLC, General Motors Corp. and Ford Motor Co. are preparing to return to Capitol Hill on Thursday and Friday to again make their case for as much as $34 billion in emergency aid.


At factories, "manufacturing activity declined noticeably" since the Fed's last report in mid-October. Similarly, activity in the services sector contracted in most Fed regions.


In a separate report Wednesday, the U.S. service sector, which includes hotels, retailers and other industries, saw activity shrink more than expected in November. The Institute for Supply Management, a trade group of purchasing executives, said readings for new orders, employment and prices all hit the lowest levels on records dating back to 1997.


The Fed's survey suggested that businesses have little appetite to hire.


Employers in the Fed regions of Boston, Richmond, Chicago and Dallas reported that demand for temporary workers dropped. Employers in the regions of Boston and Cleveland also reported that seasonal hiring had been scaled back at retail stores. Employers in Atlanta noted that layoffs have accelerated and workers' hours declined. Employers in the San Francisco Fed region reported job cuts and hiring freezing across a wide range of industries.


The nation's unemployment rate jumped in October to 6.5 percent, a 14-year high. So far 1.2 million jobs have vanished this year and the losses will get worse. Many economists are predicting the jobless rate will climb to 6.8 percent for November and employers will chop another 320,000 jobs. The government releases the new employment report on Friday.


The housing picture continued to look bleak, the Fed report showed.


Sales were down and inventories of unsold homes remained high in most Fed regions. Commercial real-estate markets, meanwhile, "weakened broadly" and pushed up vacancy rates in about half of the Fed's regions, the survey said.


Against this backdrop, both consumer and business lending continued to slow, the Fed said. Despite a $700 billion financial bailout and a flurry of radical new programs, the government hasn't been able to bust through a credit clog that's contributed to the worst financial crisis to hit the country since the 1930s.


The Fed report is based on information supplied by the Fed's 12 regional banks. The information was collected before Nov. 24.

http://moneynews.newsmax.com/headlines/fed_economy/2008/12/03/157750.html
 

Mike

Well-known member
Funny how things can go to $hit with only two years of Democrats running Congress...............................
 
A

Anonymous

Guest
aplusmnt said:
Mike said:
Funny how things can go to $hit with only two years of Democrats running Congress...............................

Funny how the liberals do not recognize the time frame here!

To me what is funny is that some of you actually believe if you can spout this enough- it will actually become true- or someone will believe you...

Just like none of you believed me when I said we were in a recession-- the experts now recognize we've been in one for a year....And the events that set it in place started long before that....You actually think the Dems did it in 1 year :???:

The majority of the country didn't believe the Dems were to blame during the elections-- the majority of economists don't believe it- most mainstream Republicans don't believe it- even many of the (R) Congressional folks are now (after the elections) speaking out...
They recognize that the totally screwed up in their 12 years of Congress and especially with their 8 years of backslapping GW Bush- and his disastrous reign of ruin which put us where we are at...
 

Latest posts

Top