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Thread: Time for Obama to go 'gangsta' on GOP

  1. #31
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    Re: Time for Obama to go 'gangsta' on GOP

    Quote Originally Posted by apdst View Post
    In 2008, he planned on wrecking the economy, moreso than what the congressional Democrats had already done. It was the only way he could get elected. Now he is wrecking the economy and it's either intentional, or because he's too weak and stupid to know better.

    How else do you explain his suggestion that businesses borrow money to make payroll?
    If you don't know that most businesses borrow money to make payroll, you are out of the loop. They are borrowing the 'capital' that is the basis of capitalism. It's been going on for a very long time.
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    Re: Time for Obama to go 'gangsta' on GOP

    Quote Originally Posted by Winnb View Post
    Businesses borrow money to make payroll all of the time.

    All I can say to that is, buuuuuuuuuuuuuuuuuuuuuull****.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Time for Obama to go 'gangsta' on GOP

    Quote Originally Posted by Mickey Shane View Post
    If you don't know that most businesses borrow money to make payroll, you are out of the loop. They are borrowing the 'capital' that is the basis of capitalism. It's been going on for a very long time.
    I have my own business and the say I have to borrow money to make payroll will be the day I shut the doors, because I'm screwed, anyway.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Time for Obama to go 'gangsta' on GOP

    Quote Originally Posted by apdst View Post
    I have my own business and the say I have to borrow money to make payroll will be the day I shut the doors, because I'm screwed, anyway.
    I thought instead of arguing personal experience I'd see what I could find on google:

    More specifically, small businesses are having trouble getting financing for worthwhile projects. Small businesses, of course, rely on credit to finance many of their investments today in order pave the way for an ever more profitable tomorrow. In addition, businesses routinely borrow money for operations that they must undertake in advance of receiving payment for the goods and services they produce. In the second quarter of 2008, total non-farm, non-corporate businesses had $3.7 trillion in debt.[7] The ratio of credit to net income, largely sales, fell to 17 percent in the second quarter of 2008—the lowest level since the fourth quarter of 2003. This ratio is well below the recent high of 49 percent in the third quarter of 2007, and roughly half of what it was a year ago (35 percent).[8]

    [7] Board of Governors, Federal Reserve System, 2008, Release Z.1 Flow of Funds Accounts of the United States, Washington, DC: BOG.

    [8] Calculations based on Board of Governors, Federal Reserve System, 2008, Release Z.1 Flow of Funds Accounts of the United States, Washington, DC: BOG.

    Wall Street Leads to Your Street

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    Re: Time for Obama to go 'gangsta' on GOP

    Quote Originally Posted by Mickey Shane View Post
    If you don't know that most businesses borrow money to make payroll, you are out of the loop. They are borrowing the 'capital' that is the basis of capitalism. It's been going on for a very long time.
    Most businesses do NOT borrow money to meet payrolls. I've been a businessman all my adult life and if i would have to borrow money to pay my staff i know id have a problem, and the lender would know the same.

  6. #36
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    Re: Time for Obama to go 'gangsta' on GOP

    Quote Originally Posted by Boo Radley View Post
    I thought instead of arguing personal experience I'd see what I could find on google:

    More specifically, small businesses are having trouble getting financing for worthwhile projects. Small businesses, of course, rely on credit to finance many of their investments today in order pave the way for an ever more profitable tomorrow. In addition, businesses routinely borrow money for operations that they must undertake in advance of receiving payment for the goods and services they produce. In the second quarter of 2008, total non-farm, non-corporate businesses had $3.7 trillion in debt.[7] The ratio of credit to net income, largely sales, fell to 17 percent in the second quarter of 2008—the lowest level since the fourth quarter of 2003. This ratio is well below the recent high of 49 percent in the third quarter of 2007, and roughly half of what it was a year ago (35 percent).[8]

    [7] Board of Governors, Federal Reserve System, 2008, Release Z.1 Flow of Funds Accounts of the United States, Washington, DC: BOG.

    [8] Calculations based on Board of Governors, Federal Reserve System, 2008, Release Z.1 Flow of Funds Accounts of the United States, Washington, DC: BOG.

    Wall Street Leads to Your Street
    Borrowing money to fund money making projects is a long way off from borrowing money to make payroll.

    To touch on what Grant says here,

    if i would have to borrow money to pay my staff i know id have a problem, and the lender would know the same.
    A lender would laugh in your face if you asked to borrow money to make payroll.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Time for Obama to go 'gangsta' on GOP

    Quote Originally Posted by apdst View Post
    Borrowing money to fund money making projects is a long way off from borrowing money to make payroll.

    To touch on what Grant says here,



    A lender would laugh in your face if you asked to borrow money to make payroll.
    Yup, that's what layoffs are for. Rush said the same thing on his show.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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