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Biden on economy: 'We're at war'

ReverendHellh0und

ReverendHellh0und

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Biden on economy: 'We're at war'

Biden on economy: 'We're at war' - Jonathan Martin - Politico.com


Vice-president-elect Joe Biden likened the country’s economic crisis to the attacks of 9/11 Monday in a private meeting on Capitol Hill.

“We’re at war,” Biden told congressional leaders of both parties during their sit-down with Barack Obama in the Capitol, according to two sources familiar with the exchange.

It’s not the first time the vice-president-elect has used stark language to underscore the perilous state of the economy. In an interview last month on ABC’s “This Week,” Biden said that a stimulus package was needed to keep the economy from “absolutely tanking.”
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Yeah Joe, All of us who lost people in the 911 attacks appreciate you using them for your political rhetoric. :roll:
 
Actually its war on the US dollar, and those working hard to feed their families are the only ones helping it keep some value while the government recklessly inflates it with bailouts for bad business.
 
Lachean said:
Actually its war on the US dollar, and those working hard to feed their families are the only ones helping it keep some value while the government recklessly inflates it with bailouts for bad business.
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And the bad business is the government , encourageing the banks to lend money to "no-accounts" in order to make things look good..
Of course, the banks are greatly responsible and must be made accountable...
The term.... "war on......." is so over used...
And true, real reform is so under-used..
 
We need to switch from a credit card to a save then spend nation.

earthworm said:
And the bad business is the government , encourageing the banks to lend money to "no-accounts" in order to make things look good..
Of course, the banks are greatly responsible and must be made accountable...
The term.... "war on......." is so over used...
And true, real reform is so under-used..
Click to expand...

Oh the banks certainly are to blame as well, and by "the banks" I mean the fractional reserve money creation system set up by the Federal Reserve which encourages loaning out money you don't have, which inherently inflates the currency and STEALS from the rest of us with money who have saved and spent responsibly.

If I go to my bank for a loan, and then deposit said loan into my bank account, they use 90% this "new money" as the basis for other loans, and so on...

IMO this is the inherent problem that produces recessions, foreclosures, and the transfer of assets to "the banks." This is what should be reformed, to an inherently debt free currency as the founding fathers suggested, and warned against a centralized bank such as the Federal Reserve.
 
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Reverend_Hellh0und said:
Yeah Joe, All of us who lost people in the 911 attacks appreciate you using them for your political rhetoric. :roll:
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Bush never got a break like that. I guess it's because he's Republican.
 
Biden's War, eh?

What's the exit strategy?
 
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