Ok, I remember the first Presidential Press Conference. Obama said, IF YOU CAN NOT AFFORD IT…DON'T BUY IT RIGHT NOW. Yet, he, the leader of our country can borrow and print trillions of dollars and that is supposed to be ok with us??
Q2: How much do you think our dollar is going to be worth now that we've printed off buttloads of nonexistent money?
I feel like many of you think that I don't support Obama. I never said that in any way. So quit making ASSumptions. Whether I support him or not, my questions still remain, support him or not. So let's please not act like snobs here, and get off of our high horses.
And, lets try and stay on point here people. This is not a ranting session. This is a 2 part question….that should be answered like so: A1: A2:
Related posts:
- Will you please take this survey?
- how much is obama paying pollsters to spruce up his surveys?
- Don’t you think spending more money on the planet we’re on makes more sense but Obama wants more for Mars?
- Do Liberals Support Limits Of How Much Money We Can Legally Make?
- IF Bush was spending money like a drunken sailor, what does that make Obama?
April 24th, 2009 at 6:22 am
I wouldn't be suprised if the dollar lost 50% of its value.
April 24th, 2009 at 6:22 am
It does for those that have invested in Gold
April 24th, 2009 at 6:22 am
nope cuz he is only digging the hole deeper,
and when is he gonna take blame when this fucks us over?
I believe the $$$ has gone down 27% since the yr 2000 if I am right.. it ain't gonna be worth shit by the time Obama is done.. =/
April 24th, 2009 at 6:22 am
Most everything Obama says he does the opposite!
April 24th, 2009 at 6:22 am
Even Europe's upset about it….go figure.
April 24th, 2009 at 6:22 am
If money doesnt move, the economy CRASHES..get it
all the actual money was transferred over the past 8 years to the top 1/10 of 1% and they arent spending it.
So the only solution is to add new money to start the economy again
April 24th, 2009 at 6:22 am
We are screwed.
April 24th, 2009 at 6:22 am
I am pretty confident he knows what he s doing.
Somebody has to fix Bush's mess…. and it's not going to be easy (or free) to fix all the problems we are in.
I trust him.
By the way ~ the US dollar is still the strongest form of global currency… I am not sure why you are under the notion that we have "printed off buttloads of nonexistent money"…..?
April 24th, 2009 at 6:22 am
It makes no sense to people with a brain. If this keeps up you will need a sack full of money just to buy a loaf of bread.
April 24th, 2009 at 6:22 am
Honestly, I think he is thinking long term, and addressing issues that have been neglected for decades, such as our infrastructure. It will lead to short term struggles, but long term rewards
April 24th, 2009 at 6:22 am
Actually, there are a number of economists out there that say his spending didn't go far enough. We have a serious problem with our economy. The business sector it rested on the financial sector, has collapsed. If we don't start investing in the education of our young people, the health care system and alternative energy, our economy will stop growing and start shrinking.
April 24th, 2009 at 6:22 am
I'll try and make this simple by using a examples.
Say your company shut down, you lost your income and are rapidly using up your savings. You have no future prospects given your current sitaution.
So you borrow some money and go to school to become a CPA (for example). You come out of college and get a great paying job which allows you to pay back your student loan, support yourself and even save money.
Now, multiply that effect by several million and you can get a fee lfor what Obama is doing.
So yes, it makes absolute perfect sense.
April 24th, 2009 at 6:22 am
Spending your way out of a recession is a crazy and dangerous move.
here's the czech's view.
http://news.yahoo.com/s/ap/20090325/ap_on_bi_ge/eu_eu_us_economy
April 24th, 2009 at 6:22 am
Q1: BArry simply makes no sense to me…ermmm.
Q2: next to what the Kenyan Nickle?
April 24th, 2009 at 6:22 am
It makes sense to the Federal Reserve.
April 24th, 2009 at 6:22 am
and your solution is . . .
April 24th, 2009 at 6:22 am
Same thing carter did. What you mean there is no money, what happen to dat machine that prints dat stuff. Hey print some whit alot uh nomubers on dem
April 24th, 2009 at 6:22 am
Yes. It's all Bush's fault.
April 24th, 2009 at 6:22 am
I have news for you: every President in the past 40+ years has "printed" money to pay for their budget. In fact, Bill Clinton is the only recent President to have a budget surplus and actually reduce the federal deficit. Plus, you'll remember that Bush "printed" at least $5.5 trillion, mainly to pay for the Iraq war.
At least Obama is attempting to make investments in our country that could pay dividends in the long run.
EDIT
Clinton only had a surplus in the last 2-3 years of his administration. But he had a trend toward balanced budgets almost from year one.
April 24th, 2009 at 6:22 am
It makes sense to most economists. I'm not an expert, so I go with those who do this for a living.
April 24th, 2009 at 6:22 am
Obama is no different from the regular American out there. Hoping to revive what can't be. Trying to recover the unrecoverable. Obama thinks he can bring back the land of forever rising home prices, EZ credit, no money down, shop till you drop.
But the US consumer is tapped out. So the government will do the consuming for him via printing and spending. The economy must be kept floating as long as possible so the rich can make their money. When the jig is up and the dollar finally collapses, they'll already be in other asset classes and will then return to buy things pennies on the dollar. The wealth transfer will be complete.
April 24th, 2009 at 6:22 am
It makes no sense to me. We have allowed our government to grow the deficit more this year than the entire 2008 fiscal year. Inflation will become a large problem, particularly combined with the low interest rates offered by the Fed.
April 24th, 2009 at 6:22 am
A1: "If you can not afford it… don't buy it right now." That makes scene. Wait for it to become cheaper or go down in price. Or save your money. Ask for him borrowing money, that just puts the nation into a deeper hole. If he prints more money, then we're heading for another Great Depression. It is not smart for him to be doing this, and it should not be okay for us to sit back and watch. I feel a revolution will happen if this Great Depression hits, and I don't want that.
A2: Our dollar won't be worth the dirt we walk on if they continue to go this way. Let's just hope it don't turn out to be like Germany before WWII, and they print so much that we start burning it like its nothing, and then we get a Dictator for a President. Again, I foresee a revolution coming if this continues to happen.
April 24th, 2009 at 6:22 am
well ill tell you this much
since the beginning of time when they first established the government and what not our finding fathers or whatever you wanna call them knew that this was gonna occur
they just didnt give a fuck.
and so every president has borrowed money for years.
the only problem was that bush didnt give a fuck how much he borrowed at a time and so because of him we have this economic crisis which he dumped on poor obama.
bush's father did the same thing and clinton came and cleaned up the mess and everything went well until bush came along.
im pretty sure that obama is doing it because he has no other choice and because he knows that we're gonna get thru this crises.
P.S. if ur a bush lover well then sorry for my comment but everyone is entitled to their own opinion.
FOR MORE JUST WATCH THE ZEITGEIST MOVIE GOOGLE IT.
April 24th, 2009 at 6:22 am
Borrowing and spending I can go along with. As for the PRINTING? Obama hasn't the intelligence to know how to turn on the presses, let alone set them up! (I AM on your side)
The value shrinks daily, but don't worry. Barry's buddies the Chicoms want him to go along with a global currency and abolish the dollar.
Nope, nothing he does, fiscally, makes sense to any rational person.
God, I love it when the libs give me 'thumbs down'
April 24th, 2009 at 6:22 am
The USA was bankrupted by the Viet Nam war. The situation was made worse by out-of-control unions in the 70s. The result was that manufacturing jobs went to Asia.
Ron Reagan got the economy going but only by borrowing heavily. The boom years of the 90s were based solely on speculation.
But I guess it won't matter after the RAPTURE …duh.
April 24th, 2009 at 6:22 am
Bernanke started firing up the printing presses under Bush's watch. This is nothing new. I wasn't a fan of it then, and I'm not now.
I didn't vote for Obama (or Bush, or McCain), but I'd much rather hear a president telling people to conserve than one who tells them that the answer to every problem is to go out and spend. That's how we got in this mess in the first place.
Isn't that ironic? The "liberal" president is asking people to cut back, while the "conservative" president told people to go on a spending spree.
April 24th, 2009 at 6:22 am
That's how you get out of a Recession or avoid a Depression
How do YOU determine the "worth" of our dollar? By the foreign currency exchange rate? So maybe gas will climb back up to high prices and we will again be motivated to invest in green energy. You think THAT would be bad? So maybe other countries will be motivated to buy US goods? You think THAT would be bad. We might be motivated to not buy so many foreign trinkets; maybe spend our money here in the U.S.? You think THAT would be bad.
Seems like YOUR thinking is the one that doesn't make any sense.
April 24th, 2009 at 6:22 am
It makes no sense to spend large dollars on infrastructure, health, Detroit, banks, and Green, at the SAME TIME. It is a nutty approach to spending choices. The dollar decline, or inflation, will be severe when the plans actually start. The liberal supporters in business have been urging their candidate to reduce the grand spending plans. It is not connecting with the Washington crowd.
April 24th, 2009 at 6:22 am
It makes sense if you want to bring down the country or become part of a one world government.
Looking at the inflation for the Carter debacle, inflation got up to 13.6 percent one year.
April 24th, 2009 at 6:22 am
It makes no sense to me..but nothing that he does makes any sense! The dollar want be worth a penny when he is done. This is his whole agenda…to destroy America and to get to a one world currency. He will be the down fall of this great nation.
April 24th, 2009 at 6:22 am
Without the stimulus plan, thousands of businesses would be failing in the next year to eighteen months. Millions of additional people would be out of a job. The costs - in dollars and personal suffering - is huge, maybe more than the cost of "borrowing, printing and spending."
But there is an anti-inflationary component to the stimulus package. Let's suppose instead we let these businesses fail. The unemployed might move to another region, take another job, or train for a career switch.
Then, when the economy picks up, the factory - or whoever employed them - doesn't have a trained workforce in place. And, very likely, the factory isn't even ready to meet the demand: the machines and trucks have been sold off or put into storage, or simply left to rust.
The cost of rebuilding this part of the economy results in higher prices, and the temporary lack of goods results in inflation.
So, while Obama's spending seems, on the surface, to be inflationary, it results in increased American productivity and wealth, and LESS inflation.