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Thread: Fed Announces New Round of Bond Buying to Spur Growth

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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    Quote Originally Posted by iliveonramen View Post
    That must be it, Harry Reid individually has brought Congress to a screeching halt.
    And what has he allowed to a vote since the repubs took the house? Can you name anything of substance?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    Quote Originally Posted by j-mac View Post
    And what has he allowed to a vote since the repubs took the house? Can you name anything of substance?
    This brings up a question:

    What are the procedural rules, exactly, in regards to voting on a bill? If Harry Reid says "we're not bringing it to vote" can that decision be overridden? I'm asking out of seriousness, I am unsure of the procedures.
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    Quote Originally Posted by tessaesque View Post
    This brings up a question:

    What are the procedural rules, exactly, in regards to voting on a bill? If Harry Reid says "we're not bringing it to vote" can that decision be overridden? I'm asking out of seriousness, I am unsure of the procedures.

    As far as I know the Majority leader controls the agenda, so unless you start flooding the Senate with the same bill over and over, a complete waste of time....Reid can bottle everything up....Just look at how long since a budget was allowed a vote in the Senate.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    Quote Originally Posted by tessaesque View Post
    I've yet to see a plan I think is even remotely logical come from either party. The stimulus was weak at best, and these so called "jobs bills" are crap. If they were serious in the first place they'd have taken that stimulus and given it to the damned consumer class in installments. If they were super, super serious, they'd have put stipulations on the money that it must be spent (no saving!). That would have automatically injected money into the economy.

    Then, they should have held their asses on creating new regulations, halting oil/gas exploration and drilling, and demonizing banks. 'Cause all that did was make business inflexible and unwilling to take risks, so even when they could afford to hire, they didn't.
    I'm curious what sources you're going by that stated the stimulus didn't have a large impact. Any reputable study has a GDP impact of around 1% and jobs saved/gained in the millions.

    Business don't take risks during a downturn! It has nothing to do with the regulatory environment and everything to do with the fact that liquid assets are desirable in a downturn. This happens during every downturn.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    ok, someone please explain why this move to buy more mortgage bonds is going to stimulate employment
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    Quote Originally Posted by j-mac View Post
    And what has he allowed to a vote since the repubs took the house? Can you name anything of substance?
    U.S. Senate: Legislation & Records Home > Votes > Roll Call Vote Summary - 111th Congress, 2nd Session 111th Congres 2nd Session

    Of course...."anything of substance" allows you to discredit the pages of votes that have taken place in the 111th congress.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    Quote Originally Posted by iliveonramen View Post
    I'm curious what sources you're going by that stated the stimulus didn't have a large impact. Any reputable study has a GDP impact of around 1% and jobs saved/gained in the millions.

    Business don't take risks during a downturn! It has nothing to do with the regulatory environment and everything to do with the fact that liquid assets are desirable in a downturn. This happens during every downturn.
    Looking at adjusted GDP numbers and explanations, it seems unlikely that the growth was attributable to the stimulus.

    Saved/gained millions of jobs is speculative, at best.
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    If you had elected Specklebang as President and we of The Logical Party had control, here's what would have been done.

    Everyone who paid at least $500 in taxes and no more than $30,000 in taxes in 2010 would have received a $10,000.00 VISA card with no cash withdrawals and expiring in 6 months.

    Is that not brilliant?

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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    Quote Originally Posted by tessaesque View Post
    Looking at adjusted GDP numbers and explanations, it seems unlikely that the growth was attributable to the stimulus.

    Saved/gained millions of jobs is speculative, at best.
    You could save a lot of time by just stating you don't believe any study that support your view.

    So you blame the regulatory environment for our problems even though essentially everything points to a problem with lack of demand. I guess you're basing this on "what that guy said" or your gut reaction.....but multiple reputable sources pointing to the stimulus being a success are inccurate or based on speculation.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: Fed Announces New Round of Bond Buying to Spur Growth

    Quote Originally Posted by iliveonramen View Post
    U.S. Senate: Legislation & Records Home > Votes > Roll Call Vote Summary - 111th Congress, 2nd Session 111th Congres 2nd Session

    Of course...."anything of substance" allows you to discredit the pages of votes that have taken place in the 111th congress.
    Looking at what you posted, tell me what the hell did they do with the rest of their time? Nothing of substance I see.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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