Motley Fool weighs in on the budget crisis (Full Version)

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DarkSteven -> Motley Fool weighs in on the budget crisis (2/15/2011 5:51:49 PM)

http://www.fool.com/investing/general/2011/02/02/how-the-surplus-became-a-deficit.aspx

Ten years ago, we had a budget surplus.  Now we're staring at debt.

The Fool attributes this to:

Tax cuts
A recession
Two wars that we have to pay for

In other words, the defining moments of the Bush Presidency (although the recession wasn't his fault entirely).



outhere69 -> RE: Motley Fool weighs in on the budget crisis (2/15/2011 6:31:01 PM)

Yup, time to pay up.



PyrotheClown -> RE: Motley Fool weighs in on the budget crisis (2/15/2011 6:35:19 PM)

Nu-uh



jlf1961 -> RE: Motley Fool weighs in on the budget crisis (2/15/2011 6:41:15 PM)

The conservatives on this board will call it leftwing propaganda, no matter what the evidence says.

Of course, the tax breaks for the wealthiest 2% of Americans did not generate jobs. (they will deny this)

We financed 40% of the war in Iraq with loans from china and other countries. ( they deny that too)

Of course, if a Republican is elected president, I will probably end up on some ATF and FBI watch list, since I am a left wing democrat with a nice collection of military style weapons.



Jeffff -> RE: Motley Fool weighs in on the budget crisis (2/15/2011 9:23:09 PM)

On the other hand, assigning blame for the current situation does little to find a workable solution.



PyrotheClown -> RE: Motley Fool weighs in on the budget crisis (2/15/2011 10:46:13 PM)


quote:

ORIGINAL: Jeffff

On the other hand, assigning blame for the current situation does little to find a workable solution.





Nu-uh.....



jlf1961 -> RE: Motley Fool weighs in on the budget crisis (2/15/2011 10:51:27 PM)

Jefff, how bout we exile all republicans to Sarah Palin's home town in Alaska?



Musicmystery -> RE: Motley Fool weighs in on the budget crisis (2/15/2011 10:55:41 PM)


quote:

ORIGINAL: Jeffff

On the other hand, assigning blame for the current situation does little to find a workable solution.

However, the Motley Fools have in this instance merely defined the current situation.

Solution? Undo the causes.



domiguy -> RE: Motley Fool weighs in on the budget crisis (2/15/2011 11:04:18 PM)

Or you could be a douche and just type in nu-uh.



Fellow -> RE: Motley Fool weighs in on the budget crisis (2/16/2011 1:22:19 AM)

Hyper inflation will take care of everything. No problems. Obama hopefully will  be lucky and get out (2012) before that. I think Obama has understood there is no other realistic workable solution.  He may then tell he had good economy (millions of jobs saved) and then make millions of dollars by lecturing business executives (like Clinton who has succeeded his bubble airbrushed by the news reporters) . Bush-Greenspan prevented Clinton recession using low interest rates and creating asset bubble. Obama has run out of this option (despite trying hard). 



DomYngBlk -> RE: Motley Fool weighs in on the budget crisis (2/16/2011 4:56:06 AM)

nu-uh



Moonhead -> RE: Motley Fool weighs in on the budget crisis (2/16/2011 6:02:37 AM)

Given that his economic policy was largely based on inflating a credit bubble, I'm dubious that the recession can't be blamed on the chimp as well, to be honest.



DarkSteven -> RE: Motley Fool weighs in on the budget crisis (2/16/2011 6:20:10 AM)

quote:

ORIGINAL: Jeffff

On the other hand, assigning blame for the current situation does little to find a workable solution.


It's more fun, though. 

Seriously, I would be very leery of fixing a situation if I didn't know the cause.  That'd be like bailing out a boat that still has a leak.



KenDckey -> RE: Motley Fool weighs in on the budget crisis (2/16/2011 6:24:36 AM)

quote:

ORIGINAL: jlf1961

Of course, if a Republican is elected president, I will probably end up on some ATF and FBI watch list, since I am a left wing democrat with a nice collection of military style weapons.


Shhhhhhhhh   The left will think you are a right wing republican in disguise with all those weapons.   My personal weapon of choice for self defense is the M1911A1.   You hit it and it goes down end of story.   For longer reach I have my 32 cal lever action.   And for sheer scare I have my 58 cal enfield.    My favorite target of choice is an engineer stake.  you hit it consistantly and you know you can hit a man. 



jlf1961 -> RE: Motley Fool weighs in on the budget crisis (2/16/2011 7:21:10 AM)

Ken, considering I have voted democrat every election since Reagan, I doubt that.

Besides I am trying to form a new group, the Popular Front for the Liberation of Texas, I am against Yankees and republicans.



Moonhead -> RE: Motley Fool weighs in on the budget crisis (2/16/2011 7:25:37 AM)

Oooooh! An old skool agenda! I like that.



KenDckey -> RE: Motley Fool weighs in on the budget crisis (2/16/2011 7:27:14 AM)

ROFLMAO   Yeah   they tried that once.   Lost.   Lincoln and the Republicans won.   lol   However, what about liberating TX from the incursions by the Mexican Army?   They haven't given up I don't think.   And they have been caught on video tape.   They even captured a border patrol agent in AZ.   



Moonhead -> RE: Motley Fool weighs in on the budget crisis (2/16/2011 7:30:05 AM)

That was in Arizona, though, and who in Texas gives a shit about that bunch of frothing mad inbreeds?



Musicmystery -> RE: Motley Fool weighs in on the budget crisis (2/16/2011 8:08:57 AM)


quote:

ORIGINAL: Fellow

Hyper inflation will take care of everything. No problems. Obama hopefully will  be lucky and get out (2012) before that. I think Obama has understood there is no other realistic workable solution.  He may then tell he had good economy (millions of jobs saved) and then make millions of dollars by lecturing business executives (like Clinton who has succeeded his bubble airbrushed by the news reporters) . Bush-Greenspan prevented Clinton recession using low interest rates and creating asset bubble. Obama has run out of this option (despite trying hard). 

Actually, Bush ran out that option, leaving interest rates from two previous recessions so low that we had nowhere to go but fiscal policy.

Your hyperinflation argument is bogus. Inflation is very low, despite high M, because V is still so low. That's what the Fed tried to address. The real problem is getting banks lending again--they're just sitting on cash, and consequently, so are businesses. The growth we've seen in the past two years is from replenishing depleted inventories, and by increasing productivity, vs. hiring.



willbeurdaddy -> RE: Motley Fool weighs in on the budget crisis (2/16/2011 9:58:14 AM)

quote:

ORIGINAL: Musicmystery


Inflation is very low, despite high M, because V is still so low.


That will change as soon as there is a meaningful uptick in hiring. If youve been watching mid/long term interest rates, inflation is coming.



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