| Re: commander in chief | <– Date –> <– Thread –> |
From: Rick (Forza355 verizon.net)
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| Date: Thu, 5 May 2011 07:53:22 -0700 (PDT) | |
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From: Britt2Asa [at] aol.com
Sent: Thursday, May 05, 2011 10:32 AM
Subject: Re: [Ferrari] commander in chief Yes,
it is easy to have a home when you buy it with money you don't have and put
nothing into it. They were renters not home owners regardless of what the
mortgage papers said.
Gas prices are due to supply/demand, I don't see any politician affecting
them either way, regardless prices are cheaper now in the USA in real terms then
they were 30 years ago AND vehicles get better mpg so the real affect based on
household incomes of fuel prices is LOWER than ever. Try paying 10.00 a gallon
as I am today and then complain.
==============
In Aug 2008, Oil was $ 140 a barrel, and Gas was
$ 4.00 a gallon in the US. TO try and reverse the price spike, Bush ordered new
costal areas of the US opened to drilling. 6 Months later, Bush's last day in
office ,Oil was $ 30.00 a barrel and gas was below $ 2.00 a gallon. Gas demand
in the US did not drop by 50 % in those 6 months, so the supply / demand theory
is thrown out the window. As we now know, market speculating by institutions
drove the price up.
Obama immediately rescinded that Bush order to
open more oil drilling areas in the US when he got into office. The oil price
charts clearly show an immediate 150 % rise in Oil prices by the end
of Obama's first year.
Unemployment is low when there is loads of money to borrow and spend thus
creating demand. It was a credit based inflationary boom not based on reality or
any true economic principle. Oh and during this boom the USA sold its self
lock stock and barrel to the Chinese so welcome to the new reality.
You only earned 5% because of the demand for your money.
================================================
Yep. Just like we earned 14 % on CD's in the
1970's. Unfortunately today, Bank CD's pay less than 1 % some barely even
.5 %, just wonderful if you are a retired person living off savings interest
payments as many do. Now they are forced to spend away their bank principle
balances, causing a death spiral of their savings. What are bank interest
rates on savings in your country? Or do retired people not depend on
investment income there because your Gov't takes massive taxes away
from workers to give to retired people to live on?
Obama put a $1 Trillion on future generations
credit cards in 1 year calling it a stimulus bill. He claimed if we did
nothing, unemployment rates would hit 8 % . Well after the stimulus we hit 10 %
unemployment rates, and we have to pay off that stimulus money over
decades, with interest. I didn?t even mention the cash for clunkers car
deal Obama invented , where people got the Govt to pay $ 4,000.00 towards
a purchase of their new car 2 years ago. 20 years from now kids out of college
in their first job, will be making interest payments via taxes, on
peoples car purchases 20 years ago.
====================================
The Government debt was caused by bailing out all the banks and the
criminals who stole the money. I don't think either party did anything to help
here. The Bush administration filled the Fed with the same banker criminals (and
ZERO regulation oversite) that the current administration has. Nothing has
changed, since Reagan deregulated, the banks have been rolling in it
and Americans have let them as long as they could buy cheap stuff at
Walmart. (The Savings and Loan crisis in the 80's was the exact same
thing)
I realise that not everyone on here is an economics expert but this is
basic stuff. You really should watch the documentary INSIDE JOB and you would
then understand a bit about why things are how they are.
I'm an equal opportunity hater, I hate all politicians equally.
Regards
BR in the
UK
1986 328GTS (LHD 89,940km) Died August 19, 2006 Shrewsbury UK 1980 400i (RHD 74,000 miles) Searching for the right 512TR 1997 Fiat Barchetta 1985 Bertone X1/9 2003 BMW 530d 1991 Alfa Spider S4 LHD 1993 Alfa Spider S4 LHD 2010 BMW 320d In a message dated 05/05/2011 14:38:02 GMT Daylight Time,
Forza355 [at] verizon.net writes:
Yeah, in 2006, when Pelosi & Crew were calling the Bush economy a Disaster |
- Re: commander in chief, (continued)
- Re: commander in chief clyde romero, May 5 2011
- Message not available
- Re: commander in chief Rick, May 5 2011
-
Re: commander in chief Britt2Asa, May 5 2011
- Re: commander in chief clyderomerof4, May 5 2011
- Re: commander in chief Rick, May 5 2011
- Re: commander in chief Michael James, May 5 2011
- Re: commander in chief stephen, May 5 2011
- Re: commander in chief Rick, May 5 2011
- Gas Prices (was :commander in chief) Jim Conforti, May 5 2011
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