Posted on 10/23/2008 10:59:28 AM PDT by expat_panama
Hell no. I didn’t like the defense cuts or his immediate scrap of the SDI; the climate is different now, but your point seems to indicate Bush defense spending is somehow solely responsible for the deficit. Don’t tell me you like Lib talking points
The GDP increasing and the “net worth” is real vs. nominal ... the fact remains that the disparity between what we earn and what spend is disgusting. Our GDP and net worth compared to the Clinton era or the Reagan era is totally irrelvant to this point. It’s not what you earn, it’s what you keep
Making the assertion I don’t want to hear good news about America is bullsh*t. Don’t confuse being pragmatic with being negative. And I don’t see any part of what I said advocating Obama... I’d sooner hang myself in the basement than push for his pandering Marxist agenda
Five times the cost of nuc power.
Ouch! that hurt.
Your concern is misplaced. Deflation, like a bear market generally, "is when money returns to its rightful owner."
Cheers.
I live about 5 miles from my main shopping and commerce areas. When I trade in one of my older buffaloes I will seriously consider a smart car for these numerous short hops and errand runs.
It's stupid to use 3000 pounds of steel to go five miles to pick up my laundered shirts.
You can't mean that Democrat surrender socialism was only bad then but it's somehow good now.
"The GDP increasing and the “net worth” is real vs. nominal ..."
Help me here; if you meant America's real private financial holdings as a whole, it's gone up. If you're hinting that GDP is down after adjusting for inflation then you're mistaken because it's up. If you meant something else --say, your own personal net worth, then I won't dispute your point.
the disparity between what we earn and what spend is disgusting.
What you're saying may be true if your "we" is say, you and some people you know. America as a whole has seen real incomes increase big time since we kicked the dems out.
“I live about 5 miles from my main shopping and commerce areas. When I trade in one of my older buffaloes I will seriously consider a smart car for these numerous short hops and errand runs. It’s stupid to use 3000 pounds of steel to go five miles to pick up my laundered shirts.”
Consider a used compact with a good safety rating. You may lose a few mpg vs a smart car but you will save thousands on the car’s price, will be much safer, and (most important) you won’t look like a dork.
This stock market “crash” is panic driven by O’s super rich pals like Soros and the media.
| Price of Gold | in US$ | in € |
| one year ago | $833.75 | €571.10 |
| today | $720.00 | €562.59 |
| difference | -13.64% | -1.49% |
What do you get for an old buffalo?
50 chickens?
If we didn’t have a recession coming on full force, you’d be spot-on. But a strong US$ right now won’t help Europe’s exports. Take a look at Germany’s economy - they’re rather frantic (for Germans), looking at the precipitous decline in auto exports to the US.
re: the Euro. You’re spot-on. The ECB is very unlike the Fed - the ECB is obsessed with price stability. They have no “second duty” to perform open market operations, etc. So this current crisis is really pushing the ECB well beyond their planned duties... and the uncertain and wobbly way the ECB is responding is showing people that Europe’s bankers don’t really understand what the Fed does in full.
I went to the mall today and I couldn’t get a space anywhere near the stores. Apparently, people don’t know that they’re doomed.
But gold's never been worth zero!
So?
I guess you haven’t seen the commercial where G. Gordon Liddy is selling gold, “which has never been worth zero!”
I have but that’s not the point. A pallet of bricks will never be worth zero, so does that make a case for you to invest in them?
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