Posted on 11/11/2010 10:33:55 AM PST by blam
Yah,right! (SARC)
I think if the bamster coes back and signs legislation for the keeping the tax cuts intact, that WILL move markets...and have businesses borrowing to some extent.
I'm running out Monday for a 2 million dollar loan for a chain of worm farm stores. I got the idea from the movie Dumb and Dumber. After all, two years left with Obama in the White House, it's all good times from here on out.
And there's reason to believe that this will be for the wealthy as well.
Which means unemployment is going down.
Like this country needs more debt
And then there we'll all be right back in 2003 when the Bush economists were frantically trying to get Americans to further in-debt themselves by purchasing high dollar luxury items: Buy a car! Buy a home! Buy a new big screen HDTV!
I've seen this movie before, but I'm not allowed to walk out of the theater.
They make it sound like a colonoscopy!
What you said.
***I’m running out Monday for a 2 million dollar loan for a chain of worm farm stores.***
Thirty years ago worm farms were popular in NW Arkansas. Two years later you couldn’t find a worm farm anywhere. It was a scam like selling soap and rasing chinchillas or emus.
As for me? I got my retirement in tulips!
Yeah all those millions and millions who sold their homes at a loss, were foreclosed on, declared bankruptcy or walked away.....yeah they are going to go get a brand spanking new loan to play the scam again.
And then there are the tens of millions who have diligently continued to pay their mortgage while the value of their home has fallen and is under water. Will the banks refi or give a new loan to a home that is worth 25% - 30% less than it was just a few years ago?
I don’t think so.
I think a return to predatory lending and rampant loan shark brokers is going to do nothing but infuriate people even more.
America is angry and will stay that way until they get real justice as to what the banks and Fed have done to them.
“The U.S. is on the brink of a massive credit explosion, . . .”
Thank goodness. We’ve never had one before and it’s a surefire way to guarantee long term prosperity.
I think history would predict otherwise. The so-called extension of the Bush era tax cuts will not be experienced as a cut, or even as the extension of a cut. It won’t experienced at all because it doesn’t change anything; it leaves things as they are. It releases no productive capital; it raises no ones income; it creates no new spending power or potential for investment. It simply doesn’t take any of those things away which is a good thing in itself only in the sense that it is not a harmful thing.
And if you want to argue that the extension removes uncertainty I think the President’s deficit commission just went a long way toward restoring whatever uncertainty the President’s wise and timely capitulation on the tax front may have resolved.
Anyway, whatever. Aren’t these the same Germans who were shrieking aloud about how debasing our currency is the wrong course of action? Now their central bank heralds the move as the restoration of a golden age of consumer spending to fuel anew German export production? Does something sound a little wrong to you?—because it sure does to me.
I would believe Deutsche Bank WHY?:
UN Secretary General Ban Ki-moon appointed the panel, called the High-Level Advisory Group on Climate Change Financing, in February. It’s led by Stoltenberg and Ethiopian Prime Minister Meles Zenawi. The 21-member group also includes Soros, Summers and Deutsche Bank AG Vice Chairman Caio Koch- Weser.
(Bloomberg)
Yeah right.
The game is out in the open boys.
It’s like we just checked ourselves into rehab only to find an open bar waiting for us at reception. Drink up, losers.
Yes, it removes some anxiety about the anti-business bias that the Gov't had been operating under. It injects some hope (along with the the large majority in the House) that from here on in the Gov't will loose some of those chains which have been causing business to hoard capital and not expand.
As far as the deficit panel, I see a recommendation there to lower corporate taxes. I don't see that as a negative for the unemployment situation.
Thank goodness. We’ve never had one before and it’s a surefire way to guarantee long term prosperity.I'll say. And I only use crystal-meth socially. I've got it completely under control.
It may usher in relatively more prosperity. In Germany.
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