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Great article!
1 posted on 10/08/2008 8:43:04 AM PDT by truthandlife
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To: truthandlife
"Entitled The End of Prosperity, by Art Laffer, Steve Moore, and Peter J. Tanous, the book explains in full detail the economic disaster that will befall America if it takes a sharp left turn to neo-socialism under the leadership of the far left President Barack Obama, the ultraleft Speaker of the House Nancy Pelosi, Senate Majority Leader Harry Reid with 60 liberal Democrat Senators, and their pal the ultraliberal Howard Dean heading the Democrat party."

OMG, what a NIGHTMARE!!!!

2 posted on 10/08/2008 8:44:42 AM PDT by Jersey Republican Biker Chick (Some days it is not worth chewing through the restraints.)
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Prepare for the Worst

I am.

3 posted on 10/08/2008 8:44:56 AM PDT by CE2949BB (McCain/Palin 08)
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To: truthandlife

It’s a nice change from “It’s Clinton’s fault...”.


4 posted on 10/08/2008 8:45:21 AM PDT by Wolfie
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To: truthandlife

Obama, the ultraleft Speaker of the House Nancy Pelosi, Senate Majority Leader Harry Reid with 60 liberal Democrat Senators,
That says it all.


6 posted on 10/08/2008 8:47:04 AM PDT by Vaduz (and just think how clean the cities would become again.)
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To: truthandlife

This could be as bad as the Crash of 1987 </sarc>


8 posted on 10/08/2008 8:48:23 AM PDT by HammerOfTheDogs
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To: truthandlife

Good point. THe RNC ought to be running ads suggesting the scenario of an unchecked Dingy Harry, Nancy 9 percent, and Obama.


11 posted on 10/08/2008 8:51:14 AM PDT by Obadiah
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To: truthandlife
This list of economic body blows explains why, for the first time in years, hot capital is escaping over the borders out of the United States and flowing into China, India, Europe, and even Japan....[S]tarting in late 2007, foreigners started pulling their money out of the United States, and Americans started investing more abroad. Global investors are losing confidence in the U.S. The result is a falling stock market and a collapse of the dollar.

China is a more capitalistic country than the USA...

15 posted on 10/08/2008 8:52:30 AM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: truthandlife

......Obama also promises to add additional federal spending of almost $1.5 trillion.....

More incomprehensible numbers.

Last night Obama repeatedly spewed numbers. Every number produced a groan from my wife. The numbers are a meaningless jumble of mind numbing proportions. She is my sounding board for reality. Is she is sick of numbers, so are many many more.

Rush knows and wisely advises that numbers over the radio don’t come across. So it was with Obama in the debate. It ends up being Gargantuan garbled garbage.


17 posted on 10/08/2008 8:55:13 AM PDT by bert (K.E. N.P. +12 . Off With her head.....)
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To: truthandlife

20 posted on 10/08/2008 8:57:45 AM PDT by kingattax (99 % of liberals give the rest a bad name)
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To: truthandlife

Reality is that we are heading back to the 1970’s with another Carter and a Liberal, unfettered Communist Congress in tow.

The US will look like Europe soon with no growth, huge taxes and unchecked 3rd World unskilled immigration, with the Muslim population growing exponentially as Obama will increase levels from the Middle East like never before.

The author mentioned the Global Poverty Act, but forgot the Civilian Corps that is supposed to rival the size and scope of the US military...cutting out the missle shield...

There is no wonder our enemies in Venezuela, China, the Middle East and Russia want Obama...this nation will not resemble the US in a generation.

I hate to be a naysayer, but under the spell of Obama and the cover provided by the Media who refuse to portray or expose his disturbing upbringing, affiliatons and mentors, the welfare and latte’ crowd could win this election if McCain does not step up and slam the Marxist for what he really is, an empty suit that is controlled by Soros.


22 posted on 10/08/2008 9:01:36 AM PDT by wac3rd (The MSM will accompany the Captain of the SS Marxist Titanic to the bottom of Lake Michigan)
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To: truthandlife

Ouch!!! How much of the market drop is due to calculations that Obama may win?


26 posted on 10/08/2008 9:05:54 AM PDT by cookcounty (Dismissing Ayers as a 1960's radical is like saying Barbara Walters was a 1960's TV dogfood salesman)
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To: truthandlife
President Barack Obama, the ultraleft Speaker of the House Nancy Pelosi, Senate Majority Leader Harry Reid with 60 liberal Democrat Senators, and their pal the ultraliberal Howard Dean heading the Democrat party.

We would have this only because Bush was such a giant cluster****.

Frankly, the Republicans have given up any rights to govern, considering their performance.

Only the rogues listed above could ever cause me to vote for McCain, and I hope there are enough people like me to prevent a total decline into Socialism.

27 posted on 10/08/2008 9:08:45 AM PDT by Boiling Pots (Wright, Ayers, Alinsky, ACORN and Odinga - Attack!!)
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To: truthandlife
This was a good read about preparedness, a collapsed economy, and life there after. I enjoyed it.
Patriots, by James Wesley Rawles.
35 posted on 10/08/2008 9:19:26 AM PDT by showme_the_Glory (ILLEGAL: prohibited by law. ALIEN: Owing political allegiance to another country or government)
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To: truthandlife

I’m preparing by investing in precious metals............lead.


40 posted on 10/08/2008 9:21:46 AM PDT by OB1kNOb (Where are we going and what are we doing in this economic handbasket?)
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To: truthandlife

We have reached a point in our history that too many people feel the answer to every problem is more gov’t and it scares the hell out of me.


44 posted on 10/08/2008 9:24:30 AM PDT by umgud (In a crisis, dump gold, buy lead)
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To: truthandlife
Nancy to Barney and Reid, "As long as we control the mediots, and so called conservatives, who suffer from BDS and blame Bush for everything, we elite/rich/white liberals in Congress will have no problem. Heh, Heh, Bush's fault!"


48 posted on 10/08/2008 9:33:12 AM PDT by Grampa Dave ( I do not want to know the type of person, who does not like Sarah !)
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To: truthandlife
I still think Fannie Mae will sink DNC in this election. Not long ago it was assumed by all the pundits the dems would add to their majorities. Those majorities include conservative districts, however. This thing could turn around.

Fannie Mae blew up at exactly the wrong moment. If this had happened a few days or even a week before the election it could have spelled doom for the GOP. With a slanted press it has taken this long to start getting the truth out. Now we even have SNL getting in on the act (and I'm still amazed that happened) but this one single issue should be the bombshell that sinks the dnc ship.

Americans are angry. This has been a national embarrassment. People want heads to roll and Obama is in this thing with his liberal progressive socialists to their eyeballs. This was something created by a liberal (Carter) and expanded by current liberals, and all regulation blocked by the same. America, you know what to do... vote the bums out!!

50 posted on 10/08/2008 9:37:18 AM PDT by 1-Eagle (Yeah that Ayers guy just lives down the street. Don't know why I started campaign in his livingroom.)
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To: truthandlife

HELP!!!!!

I have a question for all investors out there. I don’t want to start yet another vanity, so I am asking it here.

This is not about long term planning, but just a personal savings question. For about a decade, my husband and I have set aside a very small amount of money each month into a mutual fund. The purpose of the fund was to offset tuition for my son. He is now a college freshman and his first bill is due today.

We never intended for this to be our “college” fund, and it isn’t. He is paying half, and we are paying the other half. This semesters bill is paid, without touching the mutual fund, but just looking at it’s balance is making me sick. As of today I have still put more into it than I have lost. I still have my initial investment, but it is getting close. My question for investors, since I won’t need to touch it for at least 6 months to a year, do I leave it there, or do I just cash it out today, put it in a traditional savings account and keep my original investment?

Again, this is a short term question, and not a long term decision. I am fine with our retirement accounts, and since we have at least 20 years before retirement I have actually upped my 401K contribution.


52 posted on 10/08/2008 9:47:56 AM PDT by codercpc
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To: truthandlife

Fascinating. We are getting whupped in this deflation episode but Mother Russia is getting the dog snot knocked out of it. 70% decline. So this is bad for us but training the gun on Russian markets. This is another form of Volckerism, fighting resource sellers/defending the dollar with deflation or a sudden slow down. Like I said, fascinating.


57 posted on 10/08/2008 10:06:07 AM PDT by kinghorse (Franklin Raines, Tim Howard, Jim Johnson: McCain are you paying attention??!!??)
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To: truthandlife

very interesting stuff


59 posted on 10/08/2008 10:12:46 AM PDT by BOBTHENAILER (One by one, in small groups or in whole armies, we don't care how we do it, but we're gonna getcha)
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