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RE: Bernanke just hands the election to Romney - 9/13/2012 7:22:14 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline
quote:

ORIGINAL: TheHeretic

Got life savings? Kiss off the number of years you expected it to last.

On a fixed income? Start looking for meatloaf recipes that work with catfood.

The Obama Administration has already rewritten the rules we use to calculate the inflation rate, hiding the reality, but it still shows up at the grocery checkout.

Talk about throwing old people off a cliff!


Getting a mortgage? Never a better time. That seems to be where Bernanke's going with this.

But I'm certainly not defending it. This open-ending continual expansion makes me more than a little nervous.

I'd argue it's independent of Obama or Romney, as the Fed is designed to be, but I know I'd be talking to an empty room.

(in reply to TheHeretic)
Profile   Post #: 21
RE: Bernanke just hands the election to Romney - 9/13/2012 7:30:20 PM   
Hillwilliam


Posts: 19394
Joined: 8/27/2008
Status: offline 		http://news.yahoo.com/could-bernanke-obama-reelected-193312432--abc-news-politics.html

The far Right whines that Bernake just handed it to Obama.

_____________________________

Kinkier than a cheap garden hose.

Whoever said "Religion is the opiate of the masses" never heard Right Wing talk radio.

Don't blame me, I voted for Gary Johnson.

(in reply to Musicmystery)
Profile   Post #: 22
RE: Bernanke just hands the election to Romney - 9/13/2012 7:40:16 PM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
Status: offline
quote:

ORIGINAL: mnottertail
it didnt.  those same 60 or so swing seats change hands cyle after cycle.


Then why are you always griping about the Tea Party ruining the GOP?

_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to mnottertail)
Profile   Post #: 23
RE: Bernanke just hands the election to Romney - 9/13/2012 7:44:10 PM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
Status: offline
quote:

ORIGINAL: Musicmystery
Getting a mortgage? Never a better time. That seems to be where Bernanke's going with this.
But I'm certainly not defending it. This open-ending continual expansion makes me more than a little nervous.
I'd argue it's independent of Obama or Romney, as the Fed is designed to be, but I know I'd be talking to an empty room.


That is exactly what Ron Paul meant by "malinvestments." The low interest rate was one of the things that got people buying more house than they were actually getting and once the shit hit the fan, they had a low interest mortgage that was underwater. Have we even cleared those malinvestments yet?

_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to Musicmystery)
Profile   Post #: 24
RE: Bernanke just hands the election to Romney - 9/13/2012 7:55:39 PM   
TheHeretic


Posts: 19100
Joined: 3/25/2007
From: California, USA
Status: offline
quote:

ORIGINAL: dcnovice

That's an interesting point, which I hadn't heard before and am having trouble tracking down. Is there a source you can point me to?



"Chained CPI" in your search, and be ready to open a lot of federal pdf's. They didn't do press releases when the administration started using it "on a limited basis," and the NYT and WaPo must have been working on in-depth hit pieces about obscure state-level Republicans proposing dumbass bills around then.

A quick trip to the grocery store is now $45, instead of $35, and the big trip has gone up $50. Have you noticed that 5lb bags of sugar weigh 4lbs? And half gallons of ice cream are a quart and a half?


(in reply to dcnovice)
Profile   Post #: 25
RE: Bernanke just hands the election to Romney - 9/13/2012 8:00:21 PM   
SilverMark


Posts: 3457
Joined: 5/9/2007
Status: offline 		Lower interest rates cause houses to be underwater? Really?....may have contributed to some but overall, it was less the interest rates and more the availability of mortgages pushed by crooks, like Countrywide, WAMU and Taylor Bean and Whitaker. The cost of money over 30 years, unless it is some trumped up ARM, isn't the contributing factor that No Doc. Low Doc. concocted ARMs
and shady marketing practices were.
Taylor Bean and Whitaker
http://www.washingtonpost.com/local/taylor-bean-and-whitaker-owner-guilty-in-fraud-scheme/2011/04/19/AFamtM8D_story.html
Countrywide
http://www.nytimes.com/2011/12/22/business/us-settlement-reported-on-countrywide-lending.html?_r=1
Angelo Mozillo....look him up, what a sterling individual he was!
Washington Mutual
http://articles.latimes.com/2010/apr/16/opinion/la-oe-lowenstein16-2010apr16
Kerry Killinger...another fine member of the banking profession



_____________________________

If you have sex with a siamese twin, is it considered a threesome?

The trouble with ignorance is that it picks up confidence as it goes along.
- Arnold H. Glasow

It may be your sole purpose in life to simply serve as a warning to others!

(in reply to DesideriScuri)
Profile   Post #: 26
RE: Bernanke just hands the election to Romney - 9/13/2012 8:04:09 PM   
FMRFGOPGAL


Posts: 763
Joined: 9/1/2012
Status: offline
quote:

ORIGINAL: Musicmystery

quote:

Bernanke just hands the election to Romney


On the way home on the radio, I heard Republicans whining that this was politically motivated to help Obama.


Ummmm ... I'm going to go with "SO WHAT"?
That BASTARD taking action to get the economy going so Obama can play out his evil agenda of giving the middle class a break.
  I don't know about you, but I am starving for a can of Heretic Hash





Attachment (1)

(in reply to Musicmystery)
Profile   Post #: 27
RE: Bernanke just hands the election to Romney - 9/13/2012 8:15:21 PM   
TheHeretic


Posts: 19100
Joined: 3/25/2007
From: California, USA
Status: offline
quote:

ORIGINAL: FMRFGOPGAL

I am starving for a can of Heretic Hash




Sorry, dear, but I don't come in cans. By injection only.

(in reply to FMRFGOPGAL)
Profile   Post #: 28
RE: Bernanke just hands the election to Romney - 9/13/2012 10:30:44 PM   
lovmuffin


Posts: 3759
Joined: 9/28/2007
Status: offline 		I think The Heretic nailed it. Prices have been going up incrementally as weight has been going down for quite some time. Then there's people like us bickering over Obama vs Romney like its going to make a difference while greater powers along with both parties are stickin it to us.

_____________________________

"Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world." Unknown

"Long hair, short hair—what's the difference once the head's blowed off." - Farmer Yassir

(in reply to TheHeretic)
Profile   Post #: 29
RE: Bernanke just hands the election to Romney - 9/14/2012 3:27:30 AM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
Status: offline
quote:

ORIGINAL: SilverMark
Lower interest rates cause houses to be underwater? Really?....may have contributed to some but overall, it was less the interest rates and more the availability of mortgages pushed by crooks, like Countrywide, WAMU and Taylor Bean and Whitaker. The cost of money over 30 years, unless it is some trumped up ARM, isn't the contributing factor that No Doc. Low Doc. concocted ARMs
and shady marketing practices were.
Taylor Bean and Whitaker
http://www.washingtonpost.com/local/taylor-bean-and-whitaker-owner-guilty-in-fraud-scheme/2011/04/19/AFamtM8D_story.html
Countrywide
http://www.nytimes.com/2011/12/22/business/us-settlement-reported-on-countrywide-lending.html?_r=1
Angelo Mozillo....look him up, what a sterling individual he was!
Washington Mutual
http://articles.latimes.com/2010/apr/16/opinion/la-oe-lowenstein16-2010apr16
Kerry Killinger...another fine member of the banking profession


Lower interest rates will allow a person to afford a larger loan for the same monthly price. They buy a larger house. The Market was teeming with demand and supply lagged, skyrocketing prices. Housing prices went up and up. When the Market took a shit, people still had their low loan rates, but now their houses weren't worth the price they paid. That's how low interest rates contributed.

What is wrong with an ARM? There is nothing wrong with an ARM. I had one. I actually ended up using it to my advantage. The plan was to move in 4 years, so we re-fi'ed with a 5 year arm at 0% interest. The ARM would break and the new rate would be whatever the rate was at the time. Obviously, they can't tell me what that rate would be, but it would definitely be over 0%. 4-1/2 years later, we sold the house and moved. The people that signed their names on those mortgages share responsibility for their choice to sign. There were cases of lender abuse, and those will have, or have had ramifications to those lenders, as they should. My sister is underwater, not because she went crazy and bought too much house, but their house has lost 45% of it's value since they bought early/mid 2000's. They'd love to move from their school district to a better one, but they'd never be able to afford the loss from selling the house.

Enter Fannie and Freddie scooping up loan after loan after loan. The risk to the lenders was effective nil when Fannie and Freddie stepped in to buy damn near any and every mortgage as soon as it was written. Writing a loan where you have no risk of default means you don't have to have much need for proof of ability to pay, does it?

_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to SilverMark)
Profile   Post #: 30
RE: Bernanke just hands the election to Romney - 9/14/2012 3:32:12 AM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
Status: offline
quote:

ORIGINAL: FMRFGOPGAL
quote:

ORIGINAL: Musicmystery
quote:

Bernanke just hands the election to Romney

On the way home on the radio, I heard Republicans whining that this was politically motivated to help Obama.

Ummmm ... I'm going to go with "SO WHAT"?
That BASTARD taking action to get the economy going so Obama can play out his evil agenda of giving the middle class a break.
  I don't know about you, but I am starving for a can of Heretic Hash


At what point in time is bailing out the Financial Sector giving the middle class a break? And, as soon as the economy gets going, you'll be bitching about businesses making too much profit off the backs of their workers (including the ones they newly hired).

The Fed didn't do it's job. Did you not read the Commission Report and see that the most glaring responsibility was placed on The Fed for "allowing" the shit to happen?

_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to FMRFGOPGAL)
Profile   Post #: 31
RE: Bernanke just hands the election to Romney - 9/14/2012 4:33:12 AM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		London fix 1772 this open, was 30+ below US spot last night, and all the stock exchanges in the world up on the news.

Willard better look the fuck out and get that election handed to him, cuz there is a good shot all the superpac money will be going to Obama.  He appears to be pretty good for business, seems like he could get 100 times the foreign donations that Willard can, except for Bennie Netanyahu, hah?

LOLOLOL. Hands the election, I love how the right thinks, simpletonian and wrongly.



_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


(in reply to DesideriScuri)
Profile   Post #: 32
RE: Bernanke just hands the election to Romney - 9/14/2012 4:34:28 AM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		OH!!!!!!  And Firm, tell TreasuryKY that I liked the $2500 gold opinion she found me, but it looks like its off a year.   I waited, I will be happy. 

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


(in reply to mnottertail)
Profile   Post #: 33
RE: Bernanke just hands the election to Romney - 9/14/2012 6:00:22 AM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline
quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: mnottertail
it didnt.  those same 60 or so swing seats change hands cyle after cycle.


Then why are you always griping about the Tea Party ruining the GOP?


You need remedial training in comprehension.   Where in the whole world of javely hell do you put the fact that the Teabaggers (among other factions) have ruined the GOP and this country at odds with my statment quoted? 

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


(in reply to DesideriScuri)
Profile   Post #: 34
RE: Bernanke just hands the election to Romney - 9/14/2012 6:08:06 AM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline
quote:

ORIGINAL: Musicmystery


quote:

ORIGINAL: TheHeretic

Got life savings? Kiss off the number of years you expected it to last.

On a fixed income? Start looking for meatloaf recipes that work with catfood.

The Obama Administration has already rewritten the rules we use to calculate the inflation rate, hiding the reality, but it still shows up at the grocery checkout.

Talk about throwing old people off a cliff!


Getting a mortgage? Never a better time. That seems to be where Bernanke's going with this.

But I'm certainly not defending it. This open-ending continual expansion makes me more than a little nervous.

I'd argue it's independent of Obama or Romney, as the Fed is designed to be, but I know I'd be talking to an empty room.


Yeah, I have a little vomit on my shoes over this myself.   But it is going to insure for some time that the republicans can borrow money at low interest for spending.

It is an open line of credit on borrow and spend, and its gonna go to the wrong places.

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


(in reply to Musicmystery)
Profile   Post #: 35
RE: Bernanke just hands the election to Romney - 9/14/2012 6:14:18 AM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
Status: offline
quote:

ORIGINAL: mnottertail
quote:

ORIGINAL: DesideriScuri
quote:

ORIGINAL: mnottertail
it didnt.  those same 60 or so swing seats change hands cyle after cycle.

Then why are you always griping about the Tea Party ruining the GOP?

You need remedial training in comprehension.   Where in the whole world of javely hell do you put the fact that the Teabaggers (among other factions) have ruined the GOP and this country at odds with my statment quoted? 


If the swing seats are cyclical in their changing, the Tea Party winning them is a non-factor.


_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to mnottertail)
Profile   Post #: 36
RE: Bernanke just hands the election to Romney - 9/14/2012 6:40:35 AM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline
quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: mnottertail
quote:

ORIGINAL: DesideriScuri
quote:

ORIGINAL: mnottertail
it didnt.  Can I ask how you thought the Tea Party became so popular, and sent so many members to Congress in 10?


Then why are you always griping about the Tea Party ruining the GOP?

You need remedial training in comprehension.   Where in the whole world of javely hell do you put the fact that the Teabaggers (among other factions) have ruined the GOP and this country at odds with my statment quoted? 


If the swing seats are cyclical in their changing, the Tea Party winning them is a non-factor.



Can I ask how you thought the Tea Party became so popular,
[insert here:  it didn't]  look at the approval ratings of congress

and sent so many members to Congress in 10?
[insert here: those same 60 or so swing seats change hands cyle after cycle.]  that cycle may not be every election, but if you investigate the history of most of those seats you will see they are juniors most of the time, they get swapped out alot. Oh sure, you can point to Kennedy, but that is an abberation, Mass has a long tradition of republicans until the Kennedys came along.   So that would be a joe the plumber pointless hyperbolic unfactual anecdote which is in no wise a synecdoche.   And there are those who cakked or retired and the seat has been in flux. 

non-factoring equation is the incomprehensibility that I am not concluding what you are inventing it to mean, when it so very clearly doesn't.

  




_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


(in reply to DesideriScuri)
Profile   Post #: 37
RE: Bernanke just hands the election to Romney - 9/14/2012 1:26:52 PM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
Status: offline
quote:

ORIGINAL: mnottertail
quote:

ORIGINAL: DesideriScuri
quote:

ORIGINAL: mnottertail
quote:

ORIGINAL: DesideriScuri
quote:

ORIGINAL: mnottertail
it didnt.  Can I ask how you thought the Tea Party became so popular, and sent so many members to Congress in 10?

Then why are you always griping about the Tea Party ruining the GOP?

You need remedial training in comprehension.   Where in the whole world of javely hell do you put the fact that the Teabaggers (among other factions) have ruined the GOP and this country at odds with my statment quoted? 

If the swing seats are cyclical in their changing, the Tea Party winning them is a non-factor.

Can I ask how you thought the Tea Party became so popular,
[insert here:  it didn't]  look at the approval ratings of congress
and sent so many members to Congress in 10?
[insert here: those same 60 or so swing seats change hands cyle after cycle.]  that cycle may not be every election, but if you investigate the history of most of those seats you will see they are juniors most of the time, they get swapped out alot. Oh sure, you can point to Kennedy, but that is an abberation, Mass has a long tradition of republicans until the Kennedys came along.   So that would be a joe the plumber pointless hyperbolic unfactual anecdote which is in no wise a synecdoche.   And there are those who cakked or retired and the seat has been in flux. 
non-factoring equation is the incomprehensibility that I am not concluding what you are inventing it to mean, when it so very clearly doesn't.


Man, you must have a thesaurus handy when you post. anecdote, synacdoche, rumandcoke...

If those seats are changing hands in cycles, regardless of whether or not it's every election, then the Tea Party "in's" are not going to ruin the Republican part, nor are they even going to change the Party of R. The Republican National Committee knows they are cyclical (if they are), and knows it's just a matter of time before the Tea Party elected representatives are replaced. As long as I've been on this board (and it's only been about 6 months), you've been denigrating the Tea Party and talking about how it's going to, or already is ruining the Republican Party.

Whip out that thesaurus and respond in esoteric fashion.


_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to mnottertail)
Profile   Post #: 38
RE: Bernanke just hands the election to Romney - 9/14/2012 2:42:07 PM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		I frankly didn't even read it through, you go out of your way to not get it.  Invent shit and analyze it's only possible meaning  for some fuckin blogsite...

Now, let me tell you something, I don't need a thesaurus, I happened to have read a fuck of a lot more Wiliam F. Buckley than you,  and alot more Pat Buchanan than you (remember nattering nabobs of negativism?) and alot more Goldwater than you, and alot more Galbraith than you and alot more Moiynahan than you, and I wanted to understand what they were saying:

So, I am gonna tell you this.

Just because a fellow can expertly play Greig's Concerto in A minor on the piano, is that any reason that those who are incapable of it should malign those who can?

You eschew intellectual pursuits, in favor of neanderthalism, a party meme to be certain.

Yet you admittedly not understanding my position with with some dark magic wizards eye divining its meaning, parsing it and explicating it for the great unwashed without understanding the words.

I will not insult your intelligence by pretending to believe you.


_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


(in reply to DesideriScuri)
Profile   Post #: 39
RE: Bernanke just hands the election to Romney - 9/14/2012 2:49:23 PM   
FMRFGOPGAL


Posts: 763
Joined: 9/1/2012
Status: offline
quote:

ORIGINAL: TheHeretic


quote:

ORIGINAL: FMRFGOPGAL

I am starving for a can of Heretic Hash




Sorry, dear, but I don't come in cans. By injection only.


How about ON cans?

(in reply to TheHeretic)
Profile   Post #: 40
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