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Re: White House dampens stimulus expectations
the world needs to go to a moneyless system....you know...like star trek, everyone works to make the world a better place....fuck the money
I've been working on a way to eliminate currency. The world would just run on a system of blowjobs and cheeseburgers.
"That's a nice car. I'll suck your dick for it."
"Naah, I just got my dick sucked, got anything to eat?"
It's not perfect. It wouldn't work for Hindus for instance.
***That's completely plagerized from comedian Doug Stanhope.
Frankly the actual discussion is just too damn scary for me take seriously.
- tejastech08
- Rep: 194
Re: White House dampens stimulus expectations
We have to borrow from China and the Arabs to pay the interest on our debt to China and the Arabs. We have to do this so we don't collapse and they can keep their cheaply made goods in sweatshops in our stores so Joe and Jill can save a nickel that they don't have.
Only in America....
Freight train to hell in a hand basket baby! It's the American Dream. Woohoo! 
Re: White House dampens stimulus expectations
Obama is in a catch-22. What amazes me is the Hannity & Limbaugh's of the world who supported the Bush policies that got us into this mess in the first place, sit back and bash Obama for using the same Bush practices to try and dig our way out of it.
The man can't win. Obama right now reminds me of that big white guy in Day of the Dead who finds the controls to the bay door on the bunker, and the Mexican guy keeps asking him "can't you fix it? Fix it!", and the guy responds, "I can't fix it. He tore the fuckin' guts out of it". That's Obama right now. 
Then Clinton comes out "don't blame me" in Time magazine, lmao. GENERATIONS of presidents, administrations & congresses are to blame for this, both Republican & Democrat, and unrightfully everyone is laying it at Bush's doorstep as the fall guy. He simply continued the way things were already done in 2000, which I HOPE Obama doesn't do, but so far, it looks like same old same old.
They keep digging down with the shovel, to try and dig out, and that NEVER works.
And we're no where close to "the bottom". This country is going to have to restructure money, lending, banks, trade, and attitude of the citizens towards financing, before it EVER fully is over.
I've got a friend right now, 23 years old, and walks through life as an example of everything that's wrong with America. Recently he simply STOPPED paying insurance on his automobiles. Why? 'Cause he wanted a motorcycle. He recently let a house go completely back to the bank. Why? 'Cause he wanted a new truck, just 'cause. The one he had was fine. And he misses bills every other month for other things, so he can get the new BlackBerry or DVD or somethine else.
He once bought a $9,000 boat, and traded it STRAIGHT UP for a $800 ATV. The dude is a fucking dumbass.
But that's the point i'm making. I see ALOT of people with the same idiocy, bad decisions, and "just don't give a fuck" attitude towards their finances. And who pays, we all pay?
This has went on for years... NOW it's finally caught up to us.
Re: White House dampens stimulus expectations
I would LOVE to see how Reagan would have handled this disaster. Carter left us in a world of shit and Reagan dug us out of that trench. It was easier then simply because we still had a viable economic engine, the dollar was still worth a dollar, and we weren't being held hostage by Chinese sweatshops. Also, the American people were smarter back then.
Yeah, I read a Clinton interview earlier. He simply said he wished he had monitored the derivatives market more closely, yet failed to mention selling us out to China, which was the beginning of the end.
Re: White House dampens stimulus expectations
China's economy may be cooling rapidly, but that doesn't mean that Beijing's super-rich are feeling the pinch. On the contrary, many see the global downturn as a chance to buy a bargain - wherever it might be. That's why a group of them will be setting off this month for a shopping spree in the United States.
They will not be splashing out on jewels or designer suits, but on houses foreclosed in the recession.
Such is their hunger for a property bargain that a trip organised by SouFun Holdings, China's leading property website company, was heavily oversubscribed. The 40 who will make the tour expect to be buying properties costing several hundred thousand dollars.
Mo Tianquan, the chairman of Soufun.com, told The Times that his clients were hardly run-of-the-mill Chinese in a country where GDP per head is about $4,000 a year. “These people are not ordinary members of the masses,” Mr Mo said.
Soufun received 400 applications for the trip and whittled the number down to 40. The group will visit San Francisco, Las Vegas, New York and Boston. Mr Mo said: “Most members of the group are between 35 and 50. They are looking for houses and apartments in the $300,000 to $800,000 [£208,000 to £555,000] range.”
These are successful entrepreneurs or professionals who already own at least one property in China. They are looking for a home to accommodate a child while at university in America, or simply an investment opportunity.
He said: “I don't know how much money these people have. I would say they must have at least a million dollars in cash. That's cash they can spend any time - not investments fixed already in real estate or shares.”
He estimated that at least a third of the group were buying for their children studying in the United States. They are interested in both houses and flats - “properties near universities or high schools, and bankrupt homes auctioned by the courts. Usually these houses are only half the price they used to be”.
Mr Mo said that New York, Los Angeles and many American cities were not expensive. “In Manhattan, $300,000 can buy just a kitchen, but the average price for a house in the US is $300,000. That is two million yuan. Nothing for some Chinese.”
Yin Guohua, a lawyer in his forties from Beijing, will be among the group of buyers. The property could be a home for his son, who is now only aged five but who, Mr Yin thinks, might go to university in the US one day.
But he insisted that finding a good price would be the key to securing a deal. “Take New York, for example. A 20 per cent to 30 per cent discount from the peak price is acceptable. But the house must have a good location, so even if I don't use it for my child's education later, it will still be of investment value.”
One question is why the Chinese would want to buy in the United States when the yuan is seen as likely to rise further in the long term, thus effectively harming the value of their American property.
Mr Mo said that this was a minor consideration for these members of China's tiny elite. “They don't care if the dollar will rise or not,” he said. “They are using pocket money to buy houses. To spend these sums has no impact on their way of life. If it makes a profit, and how much, is not a consideration.”
There is one final hurdle: it is not clear how even the super-rich will get their assets out of China, which limits the amount a Chinese person can take out each year to $50,000.
- Communist China
- Rep: 130
Re: White House dampens stimulus expectations
I would LOVE to see how Reagan would have handled this disaster. Carter left us in a world of shit and Reagan dug us out of that trench. It was easier then simply because we still had a viable economic engine, the dollar was still worth a dollar, and we weren't being held hostage by Chinese sweatshops. Also, the American people were smarter back then.
If Reagan saved us, he's also the reason why I can't go to a good college.
I really don't think our trade with China is bad. We're not going to be a manufacturing nation again, let that dream die. Manufacturing jobs will not return in high numbers to the US and we don't really need them. And with China, we buy so much from them that if we go under, they go under too, and they know that. So the most powerful nation economically and the most powerful nation militarily (I'm giving US the benefit of the doubt - with China's military being damn good and the US economy having been top dog for decades quite recently) are in a mutually beneficial relationship.
I know the deal puts the US in debt but they need us just as bad as we need them. Maybe they need us more. And there aren't many nations on the rise ready to force our hand economically (I'm not scared of Russia).
The one truth of the economy - it goes up and it goes down and it goes up and it goes down.
Re: White House dampens stimulus expectations
Why is Reagan the reason you cant go to school? Until this collapse, anything with a pulse could get a blank check for a school grant.
Our trade with China isn't bad?? In 2008, our trade deficit with them was over 200 billion. That's one year. On evil Reagan's watch, it was 6 MILLION. Its laughable that people try and pin this shit on Reagan's policies.
The only reason manufacturing jobs wont return is because the politicians you support don't want them to. What's funny about that is most people will start wishing for that base to return when the middle class can no longer get in school or when they lose their jobs and are forced to work at Wal Mart or Mcdonald's, which is now starting to happen.
You think China's military is a threat, but you aren't afraid of Russia?? China couldn't even survive a nuclear first strike from the United States, nor do they have a proper deterrent to even be able to retaliate. I don't even have to take into account a second strike, because it would be unnecessary. The only real threat they pose is to our Navy, and even that threat is questionable and we wont know their full potential in that regard until the war happens. The main proponent of the Chinese military is their massive amount of ground troops, and those can be obliterated in about five seconds.
Ever wondered why China went all these decades without invading Taiwan even though they've always been licking their chops to do so? Its because they know the B-2 bombers go on full alert and the ICBMs get fueled up because we have always had a pro-Taiwan policy. Things are a bit in their favor at the moment since I doubt we want to spend the money(and move the equipment) to defend Taiwan and destroy China, but that deterrent is what always makes them think twice about it.
China is an economic power, not a military superpower.
Re: White House dampens stimulus expectations
buzzsaw wrote:When are the people going to get the money instead of the corporations? Shit, pay off 1 mortgage for every household (US Citizens and Green Cards only). That will get far more money back into the economy than bailing out any bank or car company.
What are these checks going to do other than prop up the Chinese economy and allow more of their worthless trinkets to flood Wal Mart? I realize free money is great and would love a quick check so I'll have extra spending money at the Santogold concert next month, but I don't really see what it accomplishes. Did the Bush free checks in 2008 save us? No, it just made it worse.
The days of borrowed money to prop up foreign economies needs to grind to a complete halt. I don't care if it gets worse. Our system and way of life need a massive correction.
Our manufacturing base has to be resurrected in some aspect. This situation is never going to improve as long as Joe and Jill public keep demanding foreign garbage at Wal Mart.
Resurrecting our manufacturing base(jobs, and plenty of them) will ignite a trade war to end all trade wars, but better that than the complete and total collapse of our nation.
Not one penny of the almost one trillion "stimulus" goes towards this.......
and it will fail. Just like the last stimulus did. Later this year we'll be discussing a 2 trillion "stimulus", which will also fail.
Joe and Jill just don't get it. They yell "change" while maxing out their last credit card to buy the latest bullshit gadget, sitting in a soon to be foreclosed home, driving a car not even worth half of what they paid, yet unable to comprehend that they advocate more of the same.
Give them one more credit card and they're happier than pigs in shit until they need another stimulus check.
Our service economy can no longer run on free credit and a yearly trillion dollar stimulus. The chickens are here to roost. Let em roost.
I see one huge problem with your post James...
It's SantIgold 
Re: White House dampens stimulus expectations
polluxlm wrote:tejastech08 wrote:Actually I'm not in debt. It's everybody else in this shithole country.
Oh, but you are. 10 trillion divided by 300 million.
Unless I did the math wrong then i'm only $33 in debt
Try $33,000 
