Comments on: Obama’s slowness to pass judgment

By: Ymarsakar

Ymarsakar — Fri, 19 Dec 2008 05:23:23 +0000

I seem to remember that during Bush’s “regime”, Leftists would always come here and complain about how Bush spends too much. Now it is that we can’t spend enough?

Talk about NKVD.

By: Baklava

Baklava — Fri, 19 Dec 2008 04:14:08 +0000

Bogey wrote, You know the old saying, if you owe the bank a million dollars, they own you. If you owe them 100 million, you own them.

So how can we apply that to the American’s appetite for Democrats to give more and more goodies that can’t be ‘afforded’.

Just because a baby wants something doesn’t mean you should give it.

Just because a teenager wants something doesn’t mean you should give it.

Just because we the people voted for Obama’s trillion dollars in new spending doesn’t mean it should happen.

We should start being responsible.

Do you have an argument against being responsible?

By: Bogey Man

Bogey Man — Thu, 18 Dec 2008 20:32:56 +0000

“Our debt holders are not going to let us spend our way out of this and why should they?”

You know the old saying, if you owe the bank a million dollars, they own you. If you owe them 100 million, you own them. That’s one reason the Chinese and Japanese won’t dump their Treasuries. If they did, the economic collapse in the U.S. would cut off their most lucrative export market.

Nor is it primarily charity that drives the purchases of Treasuries by Asian governments. They also do it — especially the Chinese — to hold down the value of their currency. If China starts dumping Treasuries, the yuan will soar, cutting revenue and profit at exporters, the economic lifeblood of the country. Same goes for Japan and South Korea.

Everything from oil to iron ore to gold is still priced in dollars on the global market. So at the moment, we are still clinging to tremendous global leverage when it comes to financing our overspending. The day of reckoning isn’t nigh, but maybe nigh to nigh, so we can’t be completely unconcerned.

By: Ymarsakar

Ymarsakar — Thu, 18 Dec 2008 19:58:50 +0000

I don’t blame conservatives one bit for being disillusioned. For all the talk about “bleeding heartism,” they know it was Bush who promoted and signed the costliest single entitlement ever, the prescription drug bill. Worse, he lied about how much it would cost.

Conservatives are not like whinny fake liberals who talk about being easily duped.

Many conservatives knew very well that Bush meant what he said when he described himself as a compassionate conservative. They just didn’t think Bush would be foolish enough to take “compassion” to the extent of working with Democrats like Ted Kennedy and attempting to appease people like you, Bogey. Those two objectives are fool’s errands, but conservatives do not say that they were fooled or disillusioned by Bush: not with any real honesty. Bush was Bush and that was so from day one. Only gullible fake liberals could be confused on this score.

By: Ymarsakar

Ymarsakar — Thu, 18 Dec 2008 19:56:01 +0000

I think it has gone far beyond a misunderstanding of “facts” here in America.

By: Richard Aubrey

Richard Aubrey — Thu, 18 Dec 2008 15:25:56 +0000

wrt spending.
Ever see anybody turn down another hit of government goodies?

By: huxley

huxley — Thu, 18 Dec 2008 04:39:08 +0000

In the current cycle, there is no growth, so we’re left with no choice but to increase borrowing and simply pray the Chinese and Japanese don’t throw in the towel on us.

No, our debt holders are not going to let us spend our way out of this and why should they? Obama’s New New Deal won’t happen except in rhetoric.

By: Baklava

Baklava — Thu, 18 Dec 2008 03:11:23 +0000

Bogey wrote, “So however bad Obama may be at controlling spending, he arrives at a time when a crucial part of the electorate just doesn’t believe Republican vows to cut spending.”

Bad? Obama didn’t even promise or hint at controlling spending. Your spin is incredibly lacking in factual basis….

Bogey wrote, “so we’re left with no choice but to increase borrowing ”

no. Another bad opinion based on a misunderstanding of the facts.

By: Tom

Tom — Thu, 18 Dec 2008 00:46:31 +0000

Bogey-
I fear you are wrong about US diversification and its goodness. We have more aged (nonproductive), our industrial base has way shrunk (service sector up, manufacturing way down), and being spread out does nothing for us.

By: Artfldgr

Artfldgr — Thu, 18 Dec 2008 00:39:14 +0000

As a direct consequence of the Reagan/Bush economic formula

try again…

try the old geezer at the fed who liked kenysianism… how many presidents did his employment and power span? 1987 to 2006

oh bout the time your blaming the presidents. presidents are not kings, they dont have as much control as people imagine they do. when does presidents set monitary policy on the fed? heck, the fed seems to tell the president more than the other way around.

no?