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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
Fake Nick 1.0
Industry Role:
Join Date: Oct 2005
Location: Rent free, your head
Posts: 27,653
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![]() Stimulus Battle May Signal Tough Sell for Bank Rescue
Feb. 8 (Bloomberg) -- President Barack Obama?s struggle to push an economic stimulus bill through Congress may seem easy compared to what he?ll encounter when he returns to Capitol Hill for additional funds to rescue the banking system. Obama will likely need to ask Congress for more money to recapitalize banks, as much as $1 trillion on top of the roughly $300 billion remaining in the current Troubled Asset Relief Program, according to an estimate by former Federal Reserve economist Ward McCarthy. That will be an even tougher sell for the new president than the stimulus plan, which is headed for a Senate vote this week after passing the House with no Republican support. http://www.bloomberg.com/apps/news?p...ZdQ&refer=home
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#2 |
#1 Adult Content Provider
Join Date: Jul 2003
Location: Glendale, Ca
Posts: 11,577
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All they do is just print more ;-) its out of control.....
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#3 |
lurker
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Join Date: Aug 2002
Location: atlanta
Posts: 57,021
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would you rather have them do nothing? actually they arent being bold enough.
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#4 |
So Fucking Banned
Join Date: Jan 2009
Posts: 2,377
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#5 |
Choice is an Illusion
Industry Role:
Join Date: Feb 2005
Location: Land of Obama
Posts: 42,635
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![]() 'They' did not bother counting for 8 years of Bush. Why count now?
Airlines. Wall Street. Investment Banks. New Orleans. 911 Victims. ....and so on. The only people who seem to be making the media sound bites are the now, all of a sudden, fiscally conservative Republicans. Who for 8 years, 6 of it controlling the Senate, House, and Presidency, ran up one of the worst debts in American history. Someone has to clean it up, and it's going to cost money. ![]() |
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#6 |
A freakin' legend!
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Join Date: Feb 2004
Location: Las Vegas, Nevada USA
Posts: 18,975
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The stimulus bill is outright theft from the American people.
Obama and company will do anything they can to "fix" the problem... except what is really needed. Pork barrel spending and big government social programs got us into this mess, they won't get us out.
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#7 | |
lurker
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#8 | |
A freakin' legend!
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Join Date: Feb 2004
Location: Las Vegas, Nevada USA
Posts: 18,975
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Quote:
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#9 |
best designer on GFY
Join Date: Mar 2003
Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384
Posts: 30,307
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Problem would be solved if jobs were stopped from going over sea's and the free trade agreements were adjusted. After that, move into increasing Taxes for American companies that ship jobs off shore and then bring products into the USA for sale.
Other countries in these trade agreements need safer Labor Laws for thier employee's.
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#10 |
Choice is an Illusion
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Join Date: Feb 2005
Location: Land of Obama
Posts: 42,635
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aGREED. However I was referring to the current issue that is media sound bites.
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#11 |
lurker
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the nets creation was funded with government dollars just a fyi
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#12 |
best designer on GFY
Join Date: Mar 2003
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I am gonna go with COnspiracy.
The so Called Depression will go so bad that merging the Canadian and Mexican currency system with American CUrrency system to create a new Amero based currency. I am pretty sure thats what this is all about, of course alot of people goto suffer possibly die, and do alot of rioting first... Its all part of the game. People wont be so advasarial to a new currency after all the shit is made to fall to no value infact all the people will be wanting it to happen and with thunderous applause the Americas can magically rebuild itself... Fact is... A Home is still worth a home, a car is still worth a car but the idea behind the big picture is to make these things seem of near no value first just to fleece little people before the new system. There will be no redistribution of wealth, just the rich getting richer on the blood and bodies of the poor.
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#13 | |
A freakin' legend!
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Quote:
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#14 | ||
best designer on GFY
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Quote:
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Ya had me going there for a minute! Anyways I am still going with The Conspiracy Theory.
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#15 | |
lurker
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#16 |
A freakin' legend!
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Join Date: Feb 2004
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Big spenders and socialists in Congress can do amazing things to wreck an economy, things that even tax cuts and free trade agreements can't fix. I submit the current situation as Exhibit A.
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#17 | |
A freakin' legend!
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Quote:
However, lately my bullshit meter is going off the chart, so I think I am going to have to start watching Fox. I think there is no other way to get the truth. The mainstream media is too biased.
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#18 |
best designer on GFY
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FROM CNN: WASHINGTON - The government safety net designed to protect laid-off workers from financial catastrophe is falling short, leaving nearly half the 11.6 million jobless Americans without unemployment benefits.
11.6 Million without Unemployment Benefits.
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#19 | |
A freakin' legend!
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Quote:
While I have great sympathy for these unemployed folks on a human level... it is not the role of government to support the people, it is the role of the people to support the government (Grover Cleveland). "Tax and Spenders" in Congress gave us this financial problem, let's be very clear about that. It has been building for a very long time. Obama and company are exploiting the tragedy to steal more for their left wing pet causes and their special interests. It is truly criminal.
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#20 |
I help you SUCCEED
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The way those bank "rescues" are set up is that they'll keep coming back for more. Also, there's the issue of moral hazard here...
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#21 |
It's coming look busy
Join Date: Mar 2001
Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn".
Posts: 35,299
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DaddyHalbucks wins at the lolz contest.
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#22 | |
Too lazy to set a custom title
Join Date: Aug 2001
Location: portland, OR
Posts: 20,684
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Quote:
This country (the US) is creating jobs (or at least it was pre-recession), but most of those jobs are in the lower paying service and retail industries. |
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#23 | |
lurker
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#24 | |
best designer on GFY
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Quote:
So much for those high paying jobs that are supposed to be imported or at least keep some Smart Americans employed LOL... India Wins! HEOW CON EYE ELP YOOO? Come Agin!
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#25 |
best designer on GFY
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#26 |
Confirmed User
Join Date: May 2003
Posts: 2,734
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#27 | |
Confirmed User
Join Date: Mar 2008
Location: London, Saint-Tropez, Bermuda, Moscow
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#28 | |
Too lazy to set a custom title
Join Date: Feb 2001
Location: Tube Titans, USA
Posts: 11,929
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Quote:
As does Krugman. http://krugman.blogs.nytimes.com/200...-have-wrought/
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#29 |
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The Federal Reserve does not just print up as much as people think they do. All this bailout/stimulus crap is being funded by the bond market for the most part. If we were to just print all this money without selling bonds to finance it things would get nasty fast.
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#30 | |
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#31 |
Too lazy to set a custom title
Join Date: Nov 2006
Posts: 16,532
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Hope that will help for better economy
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#33 | ||
Too lazy to set a custom title
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Quote:
Yes. Let the banks and the businesses fail. They got themselves into it, they can get themselves out. Any company that can not stay in business without taking out a loan to pay employees etc, should NOT be in business. Quote:
I have said this many times. Obama is NOT the SAVIOR, he is a POLITICIAN. And I am willing to bet he is making nearly as much as Bush already from all this.
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#34 |
A freakin' legend!
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Bump for Democrat big spenders!
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#35 | |
lurker
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#36 | |
A freakin' legend!
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The US can compete successfully, if we get rid of the entitlement mentality and we upgrade our educational system. The biggest problem is the unions.
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#37 |
Too lazy to set a custom title
Join Date: Dec 2004
Posts: 17,513
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trillion is pocket change
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#38 |
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#39 | |
Too lazy to set a custom title
Join Date: Aug 2001
Location: portland, OR
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Quote:
The days of only losing manual labor jobs to third world countries is coming to an end. Countries like India and China are educating their people and they are competing for the higher end jobs. The difference is because the cost of living is so much cheaper in these places (or they have government subsides) they can do the same job for significantly less money. I agree we need to do something about our education system. We need to make college more affordable and we need to focus more on skills that will help people get good jobs and compete in the workplace, but unless the government does something to help protect these jobs (or at least give some kind of incentives to those companies keeping their jobs in this country) we will see more and more loss of these jobs. Unions are part of the problem, but the global economy and the high cost of living in the US (not to mention the tax burden) all play a major roll in this. |
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#40 |
I'm Lenny2 Bitch
Join Date: Mar 2001
Location: On top of my soapbox
Posts: 13,449
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Absolutely, this insanity must stop.
President Obama must stop listening to Nobel Prize winning economists and immediately start listening to the GFY Peanut Gallery and it's leaders onwebcam and DaddyHalbucks. What the fuck was he thinking anyways?
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#41 |
Confirmed User
Join Date: Feb 2008
Location: Brooklyn NY, Providence, RI
Posts: 972
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I just hate it when people put forth solutions!!! Bastards, all of them!
and don't get me started on unions, with their fair wages and weekends, and disability... fucking dicks taking advantage of the wealthy!!
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#42 |
Confirmed User
Join Date: Dec 2004
Location: Unknown
Posts: 4,283
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The simple solution: PRINT MORE DOLLARS!
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#43 | |
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#44 |
I'm Lenny2 Bitch
Join Date: Mar 2001
Location: On top of my soapbox
Posts: 13,449
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Yes, and unions are the biggest problem according to our prominent GFY economist DaddyHalbucks.
I'm just wondering how they're our biggest problem now, when they're only 12% of the workforce, and how the economy managed to not collapse in 1955 when they were 1/3 of our work force?
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