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Obama immediately rescinded that Bush order to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
and a " depression",
US Unemployment rates were 4.5
%
You could earn 5 % interest rates on a CD
Gas prices were under $
2.00
Millions of people still had their homes.
The US FY Deficit was
only $ 190 Billion.
Yep, things are way better now all right.
I
wonder when the next Airline furloughs start from the massive losses due
to Jet Fuel Prices Skyrocketing.
Who knew Jimmy Carter would come out
smelling like a rose after these 4
years?
--------------------------------------------------
From:
"Mike" <themightytoe [at] gmail.com>
Sent: Wednesday, May 04, 2011 11:35
PM
To: "Rick" <Forza355 [at] verizon.net>
Subject: Re: [Ferrari]
commander in chief
> No,
>
> That was the only thing
he was good at... It was everything else that was
> continuous
epic failure...
>
> Sent from my iPad
>
> On May 4,
2011, at 8:28 PM, "Rick" <Forza355 [at] verizon.net>
wrote:
>
>> What's Obama doing with "Cowboy" G. W. Bush's hat
? ;-)
>> Wasn't being a Cowboy what all the Bush haters attacked
him for 8 years
>>
over?
>>
>>
>>
>>
>>
>>
Alter: Obama 'A Reluctant Warrior,' Not Cowboy Like
Bush
>>
>> Mark Finkelstein | March 21, 2011
>>
Of all the Obama sycophants in the press, could the president possibly
>> have
>> a more abject apologist than Jonathan
Alter?
>>
>> The MNSBC analyst gave a groveling
demonstration of his devotion in an
>> interview with Willie Geist,
guest-hosting on The Daily Rundown this
>> morning. Beyond
the predictable swipes at W, notable was the essential
>>
incoherence of Alter's defense of PBO's foreign
policy.
>>
>> JONATHAN ALTER: This is the hand he's been
dealt by hisotry. He's a
>> reluctant warrior. So it's
not as if he's converted to being a cowboy.
>> So
>> I
think people recognize the difference between him and former Pres.
>> Bush.
>>
>> Read more:
>>
http://newsbusters.org/blogs/mark-finkelstein/2011/03/21/alter-obama-reluctant-warrior-not-cowboy-bush#ixzz1LRAZ03Pg
>>
>>
From: "clyde romero" <clyderomerof4 [at] bellsouth.net>
>> Sent:
Wednesday, May 04, 2011 8:02 PM
>> To: "Rick"
<Forza355 [at] verizon.net>
>> Cc: "The FerrariList"
<ferrari [at] ferrarilist.com>
>> Subject: [Ferrari] commander in
chief
>>
>>> The picture says it
all
>>>
>>> JUST THE RIGHT AMOUNT OF
WRONG!
>>>
>>> "SCARS ARE TATOOS WITH BETTER
STORIES"
>>>
>>>
CLYDE
>>>
>>>
>>>
>>
>>
>>
>>>
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>>>
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>>> and F1
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>>>
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>>>
>>
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>>
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visit:
>>
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>>
>>
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>> and F1 Headlines
>>
http://www.F1Headlines.com/
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