Obama

[Newbie]

[quote name='TI-newb' post='133913' date='Jun 2 2009, 01:17 AM']Hey! Newbie. i like ur name =D XDDDDDDDDDDDDDD[/quote]


HAHAHA thanks. Decided to get the original spelling while I could. That and it was the truth of what I was when I joined this site. :biggrin:

[DigiTan]

This is interesting. The associated press announced this morning the unemployment figures for June were already at a staggering 9.5%. (Contrary to the "bottoming out" the Federal Reserve was announcing as of late). Wall Street is predicting this will rise to 9.6% by month's end.

So what's not adding up here? Well, this story got me thinking of those projection curves Bush, Obama, and Congress were showing off in January about how sky-high unemployment would be without their little TARP experiment. So I found the orginal (see page 4) as it was shown on TV, and today's unemployment actually surpassed their "without TARP" projection by a 1.5%! In other words, TARP's big sales pitch was that it would prevent unemployment from topping 8%. And so far, it's failed miserably.

That's actually not what bothers me. What bothers me is that I haven't seen one major news network is covering this angle. It's as if they all just mentally suspended all expectations of this program and decided to just go with the flow while millions are out of work.


Well, in other news, I found this neat graphic in the process: What does One Trillion Dollars Look Like?

[whyat least3]

Anyway what do you think of the health care plan and his recent ideas to due.
I kinda like that but maybe a few changes to it would be nice.

[DigiTan]

Well yeah. With unemployment nearing 10% this health proposal has voters questioning whether he's got his priorities straight.

That said, I've read some of HR 3200. Firstly, it's enormous. Many of its agencies, commissions, and administrations will be created out of thin air--which means we've no idea what they'll really cost once the system has to perform. Then there's the insurance exchange: which is touted as a competitive pool of insurance options. That seems like a good idea. But ask yourself, when the government competes in the very exchange it created and controls, how will private agencies compete? Would it allow itself it lose? It doesn't take much cynicism to see how this creates a system that can be vastly exploited by any number of influential groups...even if their intentions are good. Under this plan, the government could easily revise the exchange's eligibility rules to undercut any company it chooses. The president could do to any insurer what Tricare just did to Humana and Health Net. Only without a bidding process.

Second, voters have serious doubts over the government's competence in general. It wouldn't take long for the new system to go over-budget and be amended to consume billions more. This isn't just my opinion: it's already happened to VA Health Care, Social Security, No Child Left Behind, Homeland Security, even Amtrak. Maybe I mis-read things, but I couldn't even find a provisions to help lower the cost of clinical drugs or equipment. Things you'd expect to find there.

And third, the federal deficit is almost bigger than our GDP. It's like Mr Creosote from Monty Python, only the mint goes up for a vote first.

[maggielwo]

I have another rhymin' poem. Well it's actually lyrics from black eyed peas where's the love: :biggrin:

What's wrong with the world, mama
People livin' like they ain't got no mamas
I think the whole world addicted to the drama
Only attracted to things that'll bring you trauma
Overseas, yeah, we try to stop terrorism
But we still got terrorists here livin'
In the USA, the big CIA
The Bloods and The Crips and the KKK
But if you only have love for your own race
Then you only leave space to discriminate
And to discriminate only generates hate
And when you hate then you're bound to get irate, yeah
Madness is what you demonstrate
And that's exactly how anger works and operates
Man, you gotta have love just to set it straight
Take control of your mind and meditate
Let your soul gravitate to the love, y'all, y'all

People killin', people dyin'
Children hurt and hear them cryin'
Can you practice what you preach
Would you turn the other cheek

[DigiTan]

Well, Obama recently reinstated Ben Bernanke as head of the federal reserve. Despite the fact that unemployment is worse than Obama himself predicted last winter.

It looks like we can expect business as usual in terms of the dollar decline and overall economy. To get an idea of what I'm getting at: when I was in highschool, the Euro came out at about 2/3rd the vaule of one dollar. Barely over a decade later, it's nearly the other way around--this is controlled by the Fed. Also, for our friends across the Atlantic I'd keep an eye on this too. A lot of Eurozone nations (and to a larger extent: China) buy up dollars and U.S. Treasuries as a reserve currency, and stand to come up on the loosing end unless there's a drastic reversal of the Fed's love of inflation.

A compilation of Bernanke's statements:
http://www.youtube.com/watch?v=HQ79Pt2GNJo

[whyat least3]

Nice poem Maggie, and for Digatan, who the hell was the dumbass to allow such a thing to buy reserve currency not releasing the loss of what it will do and also one last thing why does the government think printing more money will be better it will only make it worse, how, it will make the money worth less and less as there is now more of it, they need to keep a good balance not too much or too little.

[Graphmastur]

What gets me is how those big auto companies "couldn't" fail, so we poured trillions of dollars into them, and guess what. They still failed. You can't jus throw out money, and hope someone does the right thing.

[DigiTan]

[Graphmastur]

[DigiTan]

I think it's in the mid 50's. (from Rasmussen)

[whyat least3]

I know its kind of last week but what do you think of his speech he made.

[JoeYoung]

I kinda wanted to stay out of this topic, but I have to give you guys my opinion here....






...








whyat least3, that poem is terrible.

[DigiTan]

[whyat least3]

not the school speech but the prime time announcement about the health care plan that lasted about an hour

[whyat least3]

Does Obama really deserve the Noble Peace Prize?

[DarkerLine]

No, but it would be a major faux pas on the part of the Nobel committee to award the prize to Jonathan Favreau.

[GloryMXE7]

Promises promises nothin but promises all i ever hea from him is promises and i dont even want what hes promising so its a good thing its all i hear

[whyat least3]

so much for change, ITS A LIE!!!!!!!!!!!

[GloryMXE7]

people say they want change but humans are naturally resistant to change
also change doesnt just happen over night, its something you have to work towards

this is something i find funny though mccains platform had to do majorily with the war in iraq
then all of a sudden the economy started to fail
obamas platform had to do mostly with the economy already
so all of a sudden americas focus shifted from the war to the economy
obama already had a head start while Mccain had to struggle to keep up
unless im wrong about obamas preeconomy problem platform you gotta admit...