Government

[777 fixer]

What the hell are you all smoking ? and your already bashing obama before he takes office ? i suppose mccain would have been a better choice for the economy right ?


Get your heads out of your %^&$# we are in a state of national EMERGENCY .... the rule book must be tossed out and any and every measure that can be taken to preserve our nation should be taken .. national security concerns trumph all others .

this country isn't just about YOU , it's about every american that you see walking the streets along with you , and our goal must be to ensure that our fellow americans are fed and shealtered ... we must ensure that people have the ablity to be able to GET a job ...

the economic situation is sprialing out of control , drastic measures may have to be taken to ensure our way of life ..

I'm a bit confused here. Reading your posts on that other thread I got the distinct impression that you are of the belief that the US is doomed. So what's with this talk about taking steps to preserve our nation? I though we were screwed no matter what we did?

 

[Hadenough]

I'm a bit confused here. Reading your posts on that other thread I got the distinct impression that you are of the belief that the US is doomed. So what's with this talk about taking steps to preserve our nation? I though we were screwed no matter what we did?

Rambling, contradicting, and illogical postings are Chicken Little's trademark.

 

[777 fixer]

tell me , what's the more pragmatic thing to do , place blame , or try and fix the problem ....

in one weeks time i will go on a rampage through the internet spreading my message of that which you call doom and gloom , as i pillage from website to website my message will be the same , MAX OUT YOUR CREDIT CARDS NOW ...

Is telling people to max out their credit cards going to fix the problem or make it worse? Could you please answer this question a simple yes or no.

 

[eolesen]

Freedom, the credit markets are still frozen. You will see further ramifications of that before June, when many of the public's beloved retail stores file bankruptcy because of limited access to financing during this trough; and then you will see it again when they are forced to liquidate because no one will finance them through bankruptcy.

Not entirely true. The credit markets are still alive and kicking for companies with sound balance sheets, and also to individuals who didn't get lured into spending like a drunken sailor by using home equity loans, 110% mortgages, interest only loans, etc....

Certainly, the easy credit markets are frozen. Hopefully, they're gone. And yes, people who have been living beyond their means are now finding it difficult if not impossible to get out of the hole they spent their way into.

 

[southwind]

Treasury nominee says he failed to pay taxes !

I'm sure this Dude will have nothing but positive impact on the economy !
Talk about the Fox gaurding the Hen-house !

Is Nobama picking these losers all by himself or possibly out of a hat, I wonder !

http://news.yahoo.com/s/ap/20090113/ap_on_...aZ5gG3S3SEDW7oF

 

[delldude]

Treasury nominee says he failed to pay taxes !

I'm sure this Dude will have nothing but positive impact on the economy !
Talk about the Fox gaurding the Hen-house !

Is Nobama picking these losers all by himself or possibly out of a hat, I wonder !

http://news.yahoo.com/s/ap/20090113/ap_on_...aZ5gG3S3SEDW7oF

Excuse me......is this Dude a Republican?

No??

Oh....then a nomination withdrawal is absolutely out of the question? :huh:

 

[tech2101]

Excuse me......is this Dude a Republican?

No??

Oh....then a nomination withdrawal is absolutely out of the question? :huh:

I think he should withdraw.

He is supposed to be the top financial guy in the world. He should know how do his taxes; or at least make sure they are done correctly.

No excuses.

Period.

 

[Gilding the Lily]

Not entirely true. The credit markets are still alive and kicking for companies with sound balance sheets

Unfortunately, that is not accurate. Many companies with sound balance sheets are having difficulty gaining access to certain financing. There is more than one party to financing deals, and I do not need to tell you who the traditional financiers are... they are banks, hedge funds, and private financing companies. All of which have had trouble with their own books and assets. You can be the greatest company on earth, but if other parties are holding onto the money with tight fists, there is nothing you can do about it. Moreover, often such financing is based upon certain collateral. A retailer for example, often has 2-3 debt offerings in their capital structure. Those will be secured by the goods they purchase to resale to the public at large. If the public at large reduces consumption by a large percentage, financing is going to be hard to come by, regardless of whether the company has a decent balance sheet. And that is exactly why you will see a wave of retailers filing bankruptcy (without DIP financing, which is super priority) by June.