Does Anyone feel like Bailing - Page 50

tw · 03-31-2009, 03:48 PM

Quote:

Originally Posted by sugarpop

Meanwhile, they are crushing the very people bailing them out by charging exhorbitant fees and interest rates on things like cars. And the interest rates were supposed to go down on mortgages so people could refinance, but they went up again last week after the stock market went up.

Interest rates are ridiculously low. You may not realize that interest rates this low for this long was almost never seen. Also appreciate what is coming because we spent the last ten years spending wildly. Nixon did it in 1968 and 1970. Therefore the debts came due in 1975 and 1979. Do you remember what Paul Volker finally did to fix the economy? Interest rates of 20% were common. We still have either massive inertest rate increases or devaluation of the dollar to look forward to. Or both.

Appreciate where we are. The stock market crashed in 1929. Therefore the resulting economic turmoil got ugly many years later - 1933. You have let to see the damage created by the money games of this last eight years. You are still living the good times. If you think this is bad, you have no clue what even the 1970s were like.

classicman · 03-31-2009, 03:59 PM

Quote:

Originally Posted by Redux

I have said repeatedly that Dodd and Frank should be accountable for their share of the blame.

Agreed

Quote:

Originally Posted by Redux

Who is not supporting these new regs or accepting any responsibility for past actions...that would be the Republicans in Congress.
What have the Republicans proposed.

S.O.S.

Quote:

Originally Posted by Redux

I am ready to make it non-partrisan and focus on the issues and solutions any time you are.

Now is fine, but remember since this is a very liberal board some may hesitate to call out their own.

Quote:

Originally Posted by Redux

It has for a fact already saved teachers and police jobs....not "shovel ready", but jobs that were to be cut in my cities as a result of local government budget constraints.

This is a sticky political point for me - Jobs created is quantifiable. Jobs saved is not quite as much. IMO that is why the Admin. changed the terminology from created to saved or created. Also, I'm ok with jobs being saved.

Quote:

Originally Posted by Redux

At the same time, there are steps being taken by federal agencies (DOT, DOE, HUD, etc) to put procedures in place for the awarding of those funds with criteria to verify "shovel ready"...that proper oversight is expected to take another month or so.....I can live with that.

Some of these are already done and waiting for weather, permits and such. From what I have heard, the engineers have already done their part.

TheMercenary · 03-31-2009, 05:02 PM

http://www.stimuluswatch.org/

http://news.stimuluswatch.org/post/7...d-in-the-press

03-31-2009, 05:19 PM

Quote:

Originally Posted by classicman

Some of these are already done and waiting for weather, permits and such. From what I have heard, the engineers have already done their part.

In the case of the infrastructure funds, as an example, nearly all the funds go through the states.

It is not like Joe the Plumber can say he is now Joe the Road Builder and has a shovel ready project and "where's my check"?

It is not an issue of weather or permits but more a matter of the states first agreeing to accept the funds (they have until April 3 to notify the White House), then submitting various forms, including prioritizing the projects and other compliance details.

If the infrastructure funding is coming through DOT, the states have these compliance certifications.

All of this is to satisfy readiness, prioritization and (for Merc) transparency!

Quote:

Originally Posted by TheMercenary

http://www.stimuluswatch.org/

http://news.stimuluswatch.org/post/7...d-in-the-press

These are the "wish lists" from cities across the country compiled by the US Conference of Mayors. None of these are on any "approved" list.

Each governor still has to prioritize, deny many of those on the lists and provide that certification and transparency to the feds.

TheMercenary · 03-31-2009, 05:42 PM

Yea, it is a pretty good way to see how they are wasting money trying to create a few jobs.

03-31-2009, 05:46 PM

Quote:

Originally Posted by TheMercenary

Yea, it is a pretty good way to see how they are wasting money trying to create a few jobs.

LOL

You scream "where's the transparency" when there was clearly no transparency issue to anyone other than you (the still ongoing transparent deliberations in Congress on the Obama 2010 budget proposal and the threat of reconciliation) and you mock transparency when it exists in the stimulus bill.

About what I expected.

TheMercenary · 03-31-2009, 05:49 PM

Quote:

Originally Posted by Redux

LOL

You scream "where's the transparency" when there was clearly no transparency issue (the deliberations on the Obama 2010 budget proposal and the threat of reconciliation) and you mock transparency when it exists in the stimulus bill.

About what I expected.

Actually, no in this exchange we we talking about jobs and I said were are the jobs and where are the "shovel ready" jobs that Obama promised. They are no where.

So you are ok spend hundreds of thousands for a few jobs? Who pays when the money runs out?

03-31-2009, 05:52 PM

Quote:

Originally Posted by TheMercenary

Actually, no in this exchange we we talking about jobs and I said were are the jobs and where are the "shovel ready" jobs that Obama promised. They are no where.

So you are ok spend hundreds of thousands for a few jobs? Who pays when the money runs out?

I dont think reasonable people expected, nor did Obama promise, millions of jobs in the first 30-60 days after the bill's enactment.

TheMercenary · 03-31-2009, 05:57 PM

Quote:

Originally Posted by Redux

I dont think reasonable people expected, nor did Obama promise, millions of jobs in the first 30-60 days after the bill's enactment.

Really? Tell it to the unemployed.

03-31-2009, 06:02 PM

Quote:

Originally Posted by TheMercenary

Really? Tell it to the unemployed.

That was why the first funds released were for the extension of unemployment benefits to those who have reached the limit and more funds to the states to cope with the greater number of newly unemployed.

Beyond that, you and I have reached an impasse......again.

TheMercenary · 03-31-2009, 06:13 PM

I have no problem with our impasse. It is an expected end.

Happy Monkey · 03-31-2009, 06:17 PM

Quote:

Originally Posted by TheMercenary

Really? Tell it to the unemployed.

Hey, all you unemployed people surfing the web in the library! The stimulus plan won't work immediately!

You probably knew that already, but Merc wanted to make sure.

TheMercenary · 03-31-2009, 06:22 PM

Ha, ha, ha... you so funny. Oy, and clever too.

sugarpop · 03-31-2009, 08:37 PM

Quote:

Originally Posted by tw

Interest rates are ridiculously low. You may not realize that interest rates this low for this long was almost never seen....

Not with credit cards. Rates are going up.

tw · 03-31-2009, 08:45 PM

Quote:

Originally Posted by sugarpop

Not with credit cards. Rates are going up.

And you have not yet seen how high they may go. 22% interest rates were typical in the 1970s. The rates are going up and are still low.

03-31-2009, 05:02 PM	#738
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	http://www.stimuluswatch.org/ http://news.stimuluswatch.org/post/7...d-in-the-press __________________ Anyone but the this most fuked up President in History in 2012!

03-31-2009, 05:42 PM	#740
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	Yea, it is a pretty good way to see how they are wasting money trying to create a few jobs. __________________ Anyone but the this most fuked up President in History in 2012!

03-31-2009, 06:13 PM	#746
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	I have no problem with our impasse. It is an expected end. __________________ Anyone but the this most fuked up President in History in 2012!

03-31-2009, 06:22 PM	#748
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	Ha, ha, ha... you so funny. Oy, and clever too. __________________ Anyone but the this most fuked up President in History in 2012!

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)