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Thread: Scozzafava Suspends Campaign

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    Re: Scozzafava Suspends Campaign

    Quote Originally Posted by chevydriver1123 View Post
    We do, the biggest obstacle for third parties is ballot access.
    The biggest obstacle is a stupid public that votes for the wrong reasons. A Third Party will not solve any problems you can think of.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Scozzafava Suspends Campaign

    Quote Originally Posted by obvious Child View Post
    I suppose. But people generally underestimate just how bad the alternative was. It's hard to be a pro-American, informed Conservative when you support an alternative which essentially collapses your country. Was the bailout an awful, awful idea? No doubt. Was it better than watching the financial sector of the country wipe out the rest of the country, destroying the dollar and the economy in one fell swoop? IMO, yes. What really bothers me though, is that there is absolutely nothing of material value which is being done to prevent the next collapse. We're enacting a horrible plan with nothing to prevent or at least mitigate the damages that will come from the next collapse.
    We were not going to "collapse" we were going to see some rough times, but in today's world, that's unacceptable. The bailouts coupled with the spending and borrowing going on is going to destroy the dollar and then you'll see the REAL destruction of the Country. Bush's greatest failure was the spending, and Obama is taking it to a whole new level.

    When the dollar enters freefall, and gas jumps to $20 a gallon, what then?

    We stalled a depression only to ensure a burnout.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Scozzafava Suspends Campaign

    Quote Originally Posted by MrVicchio View Post
    We were not going to "collapse" we were going to see some rough times, but in today's world, that's unacceptable. The bailouts coupled with the spending and borrowing going on is going to destroy the dollar and then you'll see the REAL destruction of the Country. Bush's greatest failure was the spending, and Obama is taking it to a whole new level.

    When the dollar enters freefall, and gas jumps to $20 a gallon, what then?

    We stalled a depression only to ensure a burnout.
    Most economists would disagree with your analysis and conclusions.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: Scozzafava Suspends Campaign

    Quote Originally Posted by RightinNYC View Post
    Most economists would disagree with your analysis and conclusions.
    Really.

    What happens when the Fed Prints Money like they are? Inflation. Interest rates have to go up in response... that's why interest rates in the late 70's hit 20%+

    What happens when we borrow uncontrollably? The value of the dollar falls. Why do you think the price of Gold is so high? When you have more money chasing the same amount of goods, you get inflation. Economics 101.

    Quit reading Paul Krugman and other Kensyian economist.

    We're borrowing 5 BILLION a day just to keep the illusion of economic recovery moving.

    Wall Street Journal financial reporter Steve Moore explains that Obama is leading the United States towards a financial train wreck.

    A few numbers:

    1) The U.S. is paying $1.2 billion each month on interest alone on the debt to China.

    2) China is holding $776 billion in U.S. Treasury Securities.

    3) The Obama Administration is borrowing $5 billion each day just to keep the US economy afloat.

    Obama is placing a crushing debt not just on our children and grandchildren but on our grandchildren's grandchildren.

    And if Obama gets his way and passes a government takeover of the health care and insurance systems, well, this country will be plunged into hyper-inflation.
    Seraphic Secret: U.S. Borrowing 5 Billion Dollars a Day
    [ame="http://www.youtube.com/watch?v=hJ-GvcKb_VI&feature=player_embedded"]YouTube - Wall Street Journal Reporter Steve Moore: US Borrowing $5 Billion Each Day[/ame]
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Scozzafava Suspends Campaign

    ust how much money is the U.S. government printing to meet its debts? Steven Horwitz, professor at St. Lawrence University, and co-author of The Austrian Economists blog, explains that the amount of money printed in the past few months since the October economic crisis, has been absolutely unprecedented in U.S. history. “Since September, the 'monetary base,' which is the measure of currency plus bank reserves, has doubled from about $850 billion to $1.7 trillion, about $600 billion of which is in the form of bank reserves,” he says.

    Increasing the money supply should theoretically increase liquidity, one of the goals of the government since the onset of the credit crunch. But the effect of the increase has been less than you might expect, Horwitz observes. Only about $300 billion has gotten into consumers' hands.

    While the Fed is selling bonds to raise money to cover government debts, it is also buying bonds to inject liquidity into the system. The more bonds it buys the more cash goes into circulation. Horwitz notes that the week ending January 7th 2009, “the Fed increased its holdings of Treasury bonds by about $10 billion, while since October 1st 2008 “it's been about $215 billion.”

    According to both Horwitz and Anderson, there is a great danger of inflation in the coming months due to the Federal Reserve’s massive expansion of the money supply. The most inflationary period in U.S. history, according to Horwitz, was the end of the 1970s when “inflation rates were as high as 14%,” while the least inflationary was in 1929-1933 when massive deflation caused the Great Depression to be so long. Anderson notes that the government of Weimar Germany printed money to meet its post-WWI debts, which led to massive hyperinflation. The Federal Reserve has expanded the monetary base to avert a crisis, as it did in the wake of the stock market crash of 1987, according to Horwitz.

    Inflation dangers would be exacerbated if the Chinese stop buying bonds, warns Anderson. "Will the Fed be purchasing bonds directly from Treasury?" he asks. "If that is so, then all bets are off, as there will be no limit to the Fed's ability to inflate.”
    Are We Really Printing Money to Finance Our Debts?

    The danger of Inflation is quite high.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Scozzafava Suspends Campaign

    Quote Originally Posted by MrVicchio View Post
    Really.

    What happens when the Fed Prints Money like they are? Inflation. Interest rates have to go up in response... that's why interest rates in the late 70's hit 20%+

    What happens when we borrow uncontrollably? The value of the dollar falls. Why do you think the price of Gold is so high? When you have more money chasing the same amount of goods, you get inflation. Economics 101.

    Quit reading Paul Krugman and other Kensyian economist.

    We're borrowing 5 BILLION a day just to keep the illusion of economic recovery moving.


    Seraphic Secret: U.S. Borrowing 5 Billion Dollars a Day
    YouTube - Wall Street Journal Reporter Steve Moore: US Borrowing $5 Billion Each Day
    Quote Originally Posted by MrVicchio View Post
    Are We Really Printing Money to Finance Our Debts?

    The danger of Inflation is quite high.
    None of which is particularly responsive to my point. I'm not disputing that we may see inflation, though there are plenty of economists who would disagree. What I am disputing is your bold assertion that the financial system would not have been badly hurt if we had not bailed out the banks and that we will be worse off now because we took that action.

    The total cost of TARP ended up being what - $300b? As compared to the $11.8T national debt? It's a little bit absurd for you to talk about the dangers of having a huge national debt and then blame TARP when even without it, we would be in largely the same position.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: Scozzafava Suspends Campaign

    Quote Originally Posted by RightinNYC View Post
    None of which is particularly responsive to my point. I'm not disputing that we may see inflation, though there are plenty of economists who would disagree. What I am disputing is your bold assertion that the financial system would not have been badly hurt if we had not bailed out the banks and that we will be worse off now because we took that action.

    The total cost of TARP ended up being what - $300b? As compared to the $11.8T national debt? It's a little bit absurd for you to talk about the dangers of having a huge national debt and then blame TARP when even without it, we would be in largely the same position.
    Nothing is too big to fail, now we have Private enterprise being regulated by unelected Czars. That's... sound economic sense. The system would have had a rough go of it, but we would have survived.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Scozzafava Suspends Campaign

    Quote Originally Posted by MrVicchio View Post
    Nothing is too big to fail, now we have Private enterprise being regulated by unelected Czars. That's... sound economic sense. The system would have had a rough go of it, but we would have survived.
    And again, this is your personal analysis of the situation. The majority of economists disagreed.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: Scozzafava Suspends Campaign

    Quote Originally Posted by RightinNYC View Post
    And again, this is your personal analysis of the situation. The majority of economists disagreed.
    They feared another Great Depression. It was a possibility, but the current solutions being pushed are only prolonging the fall, not fixing the problem. This, is the calm before the storm.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



  10. #70
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    Re: Scozzafava Suspends Campaign

    Re: Scozzafava Suspends Campaign
    If Palin were toxic as some Dems like to make her look, Hoffman would have been dead by association. Instead she helped engineer Scozzafava's demise.

    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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