Face it !

Birthplace - Kenya. Really? You are a birther?

LOL you grasp on any bullshit you can !!

I am going to send Prism a sponge...

Im sure your retired parents are doing just fine Jet but I knew you would throw that in SO tell us what do they make a month and living in the area they do.

Since they didnt do all that alone (Obama Quote) will I be getting a check from you guys that like to share the wealth ?

Im a Vet where is my cash ?

Jet you know what Religion I am and its not Mormon.

Drink some more Kool Aid and tell me more !

Stock market up over 7000 points

4.5 million jobs created

After hearing Romney talking to those rich folks on that tape, you have to be drinking the Kool aid to still support him.

Ratings agency firm Egan-Jones on Friday downgraded the U.S.’s credit rating to “AA-“ from ”AA,” citing the Federal Reserve’s decision to go through with a third round of quantitative easing (or QE3).

The only valid "credit rating" is interest rate, and according to it people are willing to lose money to hold US Treasures.

These downgrades are nothing but banksters playing 5th column in politics.

(need more for sure but not done yet)

One of the most enduring myths in the United States is that this country has a free market, when in reality, the market is merely the structural shell of formerly free institutions. Government pulls the strings behind the scenes. No better illustration of this can be found than in the Federal Reserve's manipulation of interest rates.

The Fed has interfered with the proper function of interest rates for decades, but perhaps never as boldly as it has in the past few years through its policies of quantitative easing. In Chairman Bernanke's most recent press conference he stated that the Fed wishes not only to drive down rates on Treasury debt, but also rates on mortgages, corporate bonds, and other important interest rates. Markets greeted this statement enthusiastically, as this means trillions more newly-created dollars flowing directly to Wall Street.

Because the interest rate is the price of money, manipulation of interest rates has the same effect in the market for loanable funds as price controls have in markets for goods and services. Since demand for funds has increased, but the supply is not being increased, the only way to match the shortfall is to continue to create new credit. But this process cannot continue indefinitely. At some point the capital projects funded by the new credit are completed. Houses must be sold, mines must begin to produce ore, factories must begin to operate and produce consumer goods.

But because consumption patterns have either remained unchanged or have become more present-oriented, by the time these new capital projects are finished and begin to produce, the producers find no market for their goods. Because the coordination between savings and consumption was severed through the artificial lowering of the interest rate, both savers and borrowers have been signaled into unsustainable patterns of economic activity. Resources that would have been used in productive endeavors under a regime of market-determined interest rates are instead shuttled into endeavors that only after the fact are determined to be unprofitable. In order to return to a functioning economy, those resources which have been malinvested need to be liquidated and shifted into sectors in which they can be put to productive use.

Another effect of the injections of credit into the system is that prices rise. More money chasing the same amount of goods results in a rise in prices. Wall Street and the banking system gain the use of the new credit before prices rise. Main Street, however, sees the prices rise before they are able to take advantage of the newly-created credit. The purchasing power of the dollar is eroded and the standard of living of the American people drops.

We live today not in a free market economic system but in a "mixed economy", marked by an uneasy mixture of corporatism; vestiges of free market capitalism; and outright central planning in some sectors. Each infusion of credit by the Fed distorts the structure of the economy, damages the important role that interest rates play in the market, and erodes the purchasing power of the dollar. Fed policymakers view themselves as wise gurus managing the economy, yet every action they take results in economic distortion and devastation.

Unless Congress gets serious about reining in the Federal Reserve and putting an end to its manipulation, the economic distortions the Fed has caused will not be liquidated; they will become more entrenched, keeping true economic recovery out of our grasp and sowing the seeds for future crisis.

If that is not central planning, then what is?

Ratings agency firm Egan-Jones on Friday downgraded the U.S.’s credit rating to “AA-“ from ”AA,” citing the Federal Reserve’s decision to go through with a third round of quantitative easing (or QE3).

The agency claims QE3, which is open-ended and unlimited, will drive down the value of the dollar, raise commodity prices, and do little to increase real gross domestic product.

Here’s the statement:


… the FED’s QE3 will stoke the stock market and commodity prices, but in our opinion will hurt the US economy and, by extension, credit quality. Issuing additional currency and depressing interest rates via the purchasing of MBS does little to raise the real GDP of the US, but does reduce the value of the dollar (because of the increase in money supply), and in turn increase the cost of commodities (see the recent rise in the prices of energy, gold, and other commodities).

I just wish the Republican House was more interested in turning around the economy than defeating Obama.

Derid, you don't know what you are talking about. Central planning is deciding how many tractors per farmer should be produced in the next 5-year and building a factory to do just that.

Saying applying (arguably misusing) control is central planning is like saying brawl in the bar is a holocaust.

A planned economy is an economic system in which decisions regarding production and investment are embodied in a plan formulated by a central authority, usually by a government agency.

he most extensive form of a planned economy is referred to as a command economy, centrally planned economy, or command and control economy. Implementation of this form of economy is called planification.

So you are saying "when right uses the term" , instead of going by what the words and terms *actually mean*.

Our monetary policy is centrally planned.

If you want to get anywhere with your argument you need to drop your right-wing innuendo.

Responding to "Our monetary policy is controlled by the FED".

Monetary policy is only one aspect of our economy. FED is not all-reaching, all controlling entity. Plus, there is no workable alternative (gold standard is not it) to having a monetary policy. There always will be some control, regardless to what this policy is.

Responding to "QE3":
I agree that QE3 is risky move that is not immediately beneficial to US public, but this is a reality of a currency war with China. US is doing equivalent of "all in", with China economy already overheating and starting to fall apart directly as a consequence of trying to match US moves.

"Do nothing" alternative is to continue losing jobs, wealth and economic growth to China that artificially pegged its currency to US dollar.

I'd explain this in detail, but this is too much effortposting and is unlikely to be understood by many/any posters here.

In closing - QE3 is only partially has to do with US economy and keeping borrowing costs down, it has a lot more to do with intentionally devaluing US currency to stay competitive in the global market. I don't expect "there to be communists" 80-year-old Cold War-mentality Ron Paul to understand such nuances. I respect him as a man of principle, but both his agenda and inflammatory presentation are flat out wrong in this situation.

You should honestly go look up the meaning of central planning...

FED does not have absolute control over interest rates, if markets decide not to buy US Treasuries, there is very little FED could do to force the issue. When I said "interest rates" I referred to US Treasuries interest rates, not FED-controlled inter-banking interest rate. These are related but not the same.

US Treasuries dictate cost of borrowing, and probably the only reliable indicator of what markets think about state of the economy. Currently US Treasuries rate is below inflation levels, meaning people are willing to lose money to hold these. Meaning markets think it is extremely unlikely that US will meaningfully default (all shenanigans with US congress have very little to do with getting paid in grand scheme of things) and that there is very real possibility of deflation as a result of on-going deleveraging.

In contrast - PIGS Treasuries rates are through the roof. Last time I checked they were in double digits. This is how market signals no-confidence.

As to rating agency - anyone can open one and start issuing ratings. Some ratings mean more than others, but at the end all of them are financial equivalent to punditry.

Fag is also British for a cigaret, but if I were to call someone a fag it is very clear I am not asking for a smoke.

Don't use "central planning", while you assured me, and I heard you, that you are not using it to imply alternative meanings, anyone else reading our discussion would likely to see it differently. "Central Planning" has been re-purposed as a slur by the right, and I don't want to deal with some knuckle-dragging conservative quoting something I post and replying "see, he stands for redistribution!"

In this case I do not think it is a matter of drama/not drama. When the Fed tries to create certain results by artificially setting something like interest rates as opposed to allowing the market to price them - that is the definition of communism.

The Fed is attempting to fix the cost of borrowing money. It is economic interventionism of a massively mind boggling scale (trillions) carried out with the idea that the prolitariat committee (Fed Board) knows what the proper cost of borrowing money should be. I do not see how it could be construed as anything but communism.

I unequivocally support gun control in all forms and aspects

Sinij, is that since you associate central planning with communism then all of us who you think are dumber than you, must also equate the two.

I do so love reading posts that clearly single out folks who share a similar political bend with me

First Things First.

I'd explain this in detail, but this is too much effortposting and is unlikely to be understood by many/any posters here.

Specifically, I don't think "all of us"(any of you) are dumber than me, I can't even start describing what intelligence is in context of political debate, least start quantifying it. Second, I don't equate (you said associate, but clearly meant equate) central planning with communism, but simply work within limitations of a wide-spread preconception.

Single out? No, I generalized.

Thanks for making my point :-)

This is you calling the rest of us stupid.

This thread got to a semantics station, I think this is where I get off.

Oh for fuck's sake this is ridiculous. Obama had two whole fucking years with a super majority in congress to get done whatever he thought would fix the economy and he failed. All he managed to do was force through Obamacare. So, you don't get to blame republicans in congress now for shit he didn't do in TWO WHOLE YEARS.

I still remember the look on his face though, when I pointed out that this particular trait has been most prominent in the very group that has literally gained and wielded the vast majority of wealth and power in the world. So I obviously question the validity of considering it a flawed trait. In fact I consider collective group consciousness a serious weakness, societies that as a whole fit or fall into that pattern ossify and lose their social, and by extension, economic adaptability.

I cant believe you people would actually support Romney despite the fuck up after fuck up, and this is just the campaign. Maybe we will get lucky and he will install windows he can roll down in his plane like he suggested, and then roll one down at 30,000 feet.

Oh a couple more:

Obama prevented a second Great Depression, saved GM, and has helped create 4.5 million private sector jobs
Obama has strengthened our alliances abroad with key allies and hasn't gotten us into any new wars
Obama appointed Sonia Sotomayor and Elana Kagan to the Supreme Court
Obama signed the Fair Pay Act to combat workplace discrimination against women
Obama is pro-choice; Romney wants to cut off funding to Planned Parenthood
ObamaCare ends higher insurance rates for women; ensures that birth control is covered
ObamaCare made sure Medicare is fully funded for eight additional years
Romney believes people on fixed incomes who pay no federal income tax are moochers with no ambition
Ryan supported efforts to privatize Social Security
Obama would make college more affordable; Romney will increase student debt
Obama ended Don't Ask Don't Tell; supports gay marriage
Obama has decimated Al Qaeda, killed Bin Laden, brought troops home from Iraq
ObamaCare lets you stay on your parents' health care until you are 26

1Obama prevented a second Great Depression, saved GM, and has helped create 4.5 million private sector jobs
2 Obama has strengthened our alliances abroad with key allies and hasn't gotten us into any new wars
3 Obama appointed Sonia Sotomayor and Elana Kagan to the Supreme Court
4 Obama signed the Fair Pay Act to combat workplace discrimination against women
5 Obama is pro-choice; Romney wants to cut off funding to Planned Parenthood
6 ObamaCare ends higher insurance rates for women; ensures that birth control is covered
7 ObamaCare made sure Medicare is fully funded for eight additional years
8 Romney believes people on fixed incomes who pay no federal income tax are moochers with no ambition
9 Ryan supported efforts to privatize Social Security
10 Obama would make college more affordable; Romney will increase student debt
11 Obama ended Don't Ask Don't Tell; supports gay marriage
12 Obama has decimated Al Qaeda, killed Bin Laden, brought troops home from Iraq
13 ObamaCare lets you stay on your parents' health care until you are 26

Oh a couple more:

Obama prevented a second Great Depression, saved GM, and has helped create 4.5 million private sector jobs

More right wing bullshit. Read the facts:

http://www.factcheck.org/2012/06/is-gm-becoming-china-motors

I know you guys dont care about the facts, but I thought I would try.

I buy Ford, they never took a bailout, and I bought a thousand shares when thier stocks was down to 1.20 a share.

Lying fully nude with his wrists and ankles tied to the corners of his hotel room bed, an intense, sweat-drenched Paul Ryan reportedly told his staffers today that the only way he could prepare for Thursday night’s vice presidential debate was if they slapped his naked, bound body harder and harder.

Sources confirmed the GOP vice presidential nominee had brought in a specially trained debate coach named Madame Renée, a fiercely conservative dominatrix dressed in a formfitting black corset and thigh-high pleather platform boots, to provide the preparation he requested, ranging from heavy paddling, to rope bondage, to discipline lessons, to employing a testicle-clamping device known simply as “the Humbler.”

Come on now, lets tell the truth about the Bush. You cant compare the two at all when you look at the consequences.

Fucking Ryan voted to cut the budget by 120m then complains that something happened?

You cant blame everything on the President.

I bet I know why you dont like Obama so much:

BOCA RATON, FL—Saying that the high-value target represented a major threat to their most vital objectives, Obama administration officials confirmed tonight that former governor Mitt Romney was killed by a predator drone while attending a presidential debate at Lynn University.

Sources said the drone attack, which occurred at approximately 10:10 p.m. Monday night, obliterated Romney in the middle of a statement on Chinese-purchased U.S. securities, sending his dismembered limbs and internal organs into the audience and leaving a smoking pile of charred flesh and bone in his seat.

“The information we have received from military personnel in the field indicate that tonight’s drone strike took out Mitt Romney, a former businessman the Obama administration has long considered a serious danger, especially in past few weeks,” said White House press secretary Jay Carney, describing the operation as “an unmitigated success.” “The president personally authorized the strike earlier this evening, and as soon as we had visual confirmation that the target in the drone’s sights was, in fact, Mitt Romney, we eliminated him.”

“We can all rest a little easier tonight knowing we have rid the world of a man who has been a continual menace to us,” Carney added. “I know I will.”

Can you explain to me cons obsession with anal?

Because every time a liberal/democrat is in the white house, we are getting fucked! True story, just look at the economy...

And yes this photo comes with a barf bag !

NANCY MY HERO!!

What a great picture!

You're kidding right?

Sadly, I'm afraid he's not kidding Kaotic!

Damn she is hot too. Sometime I watch her on CSPAN and rub one out.

NANCY MY HERO!!

What a great picture!

Damn she is hot too. Sometime I watch her on CSPAN and rub one out.

http://www.obamacin.com/

Obamacin: Warning, side effects may include hope and change

lololol

Is this the same as the republicans DENYING the additional security funding that was requested?

That's some interesting revisionism you've got going on there. Those requests were denied straight from the state department and never even made it to congress.

At a hearing of the House Committee on Oversight and Government Reform last Wednesday, Representative Darrell Issa, Republican of California and the committee’s chairman, talked of “examining security failures that led to the Benghazi tragedy.” He said lawmakers had an obligation to protect federal workers overseas. On Sunday, he said more should be spent on diplomatic security.

But as part of the Republican majority that has controlled the House the last two years, Mr. Issa joined in cutting nearly a half-billion dollars from the State Department’s two main security accounts. One covers things like security staffing, including local guards, armored vehicles and security technology; the other, embassy construction and upgrades. In 2011 and 2012, President Obama sought a total of $5 billion, and the House approved $4.5 billion. In 2009, Mr. Issa voted for an amendment that would have cut nearly 300 diplomatic security positions. And the draconian budgets proposed by Mitt Romney’s running mate, Representative Paul Ryan, would cut foreign affairs spending by 10 percent in 2013 and even more in 2016.

The secessionist movement, as you so eloquently put, is nothing more than a flag waving exercise to bring attention to the fact that a great many folks are not happy with how things are being run in Washington.

Think of it as a peaceful version of angry villagers armed with pitchforks and torches.

lol, if you think the Bill of Rights is a suggestion and not the law you are unfit for citizenship.

Pretty scary huh........



"The whole framework of the presidency is getting out of hand. It's come to the point where you almost can't run unless you can cause people to salivate and whip on each other with big sticks. You almost have to be a rock star to get the kind of fever you need to survive in American politics."

-Hunter S. Thompson