Down another 400, thanks Tea Party!

So you can't count, I get it.

Psssst: they paid less for every dollar in the highest bracket than under Clinton. Hence it was a TAX CUT.

I bet you're going to say something like, the rich pay most of the taxes in the country now, something stupid like that.

But let's cut to the chase: Did Bush lower tax rates on billionaires or didn't he?

Adjusted for inflation? Or using your phoney conserative Tea Party statistics. Let me know.

 

BWAWHWHAHAHAHAHHAHHAH!

Ethereal still things the problem is printing money!

Hey Ethereal, hows that hyperinflation coming?

 

QE III is coming. The stock and bond markets will temporarily reinflate, we'll experience another bought of energy and food inflation, and then the bubble will deflate again, just like it is doing now. They just keep making more bubbles, and the idiot statists keep blaming the market. Orwell and Jefferson are spinning in their graves.

 

Do you possibly realize how absurd what you say is.Obama used that excuse
to make sure he got his debt-ceiling raised and he did.Obama tried to \ blame The Tea Party for being belligerent and out of the mainstream with their
agenda.
Well Obama Got what he wanted,that being his Debt-ceiling raised.
Then Lo & Behold a couple days later AFTER Obama signed the Debt -ceiling
bill,saving the country from Default and what Little Timmy Geightner
said would would never happen.First The Stock Market crashed last
thursday and Obama kinda promised that passing the debt -ceiling
would ward off that.Then Geightner promised last tuesday that we are
in no way going to be downgraded.Well Both Obama and Geightner who OWN this Economy Lock,Stock & Barrel,were entirely 100% wrong.
The stock Market did Crash and we were downgraded.
How exactly did a Party { Tea Party } who ran as an agenda,Fiscal
Responsibility to be blamed.? The Tea Party was pleading all along what
Standard & Poors said was needed.That being Fiscal Responsibility
and managing Deficits and the Debt.
It was Pelosi and Reid who Failed to submit a budget for over 800 days.
In fact,openly saying they didn't believe we had a Deficit problem.

You are repeating lunatic,absurd Democrat Talking Pts.,crafted to
keep Obama and his Party from being sheer Laughing stocks.

 

This is about the best a ********** can do -- lost on the merit and is reduced to blathering insults.

You lose again.

Hey, did you know that printing money causes debt!

 

Hyperinflation is just around the corner!


BHAHAHAHAHHAHHAHA.

Maybe if you keep saying it a Tea Partier will nominate you for something.

 

And gold celebrates renewed confidence in fiat with a new record. Because, you know, Treasuries are risk free.

Gold's rip higher will continue until margin calls force liquidation. Then it will come back, and go higher than before.

 

Soooo, S&P blew it and shouldn't have downgraded the credit rating.

You sound more than usually confused by this turn of events.

 

Nope. The US borrows in the short, intermediate and long end of the market. I'm saying you're wrong because you don't know what interest rates are in ANY part of the market and you have no idea how this relates to creditworthiness. You also have no idea how free market capitalism works.

I also find your pronouncements that the US doesn't borrow in the long end of the market ridiculous considering anyone with a computer and internet connection can prove you wrong. On 7/15/11 the US Treasury borrowed $13 billion dollars from a variety of investors for a term of 30 years. This is a FACT.

 

Gold!

BWAHAHAHAAHAHHA.

Meanwhile the world continues to buy t-bills hand over fist.

Sounds like the Tea Party failed in its attempt to destroy the US economy. But the night is young.

 

Yeah. Gotta pay for the paper and the ink. Otherwise, the average citizen pays for it via inflation.

Eejits.

 

Yes, inflation is such a major problem -- in Tea Party bizarroworld.

Do you guys ever get out of the mother's rumpus room and go outside to see reality?

 

Every day... the hydra grows more heads.

Every day... I post this 4 or 5 times and they whither in the face of the truth.

Sigh.

I come here to debate, not copy and paste. I realize that the evidence is too strong to debate... but making the same thread 4 or 5 times a day is not the way to handle your depression.

Sigh. S&P stated as the reasons for the downgrade:

Who doesn't want to cut entitlements?

As to revenues:

Can't tax your way out. Can cut your way out. Taxes don't have to go up if enough spending, specifically entitlements, is cut.

Lastly, the most telling statement comes in here...

So Obama's obstructionism is likely to be halted by 2012... but it may be too little too late.

I realize this is difficult for the left to swallow... but it is all right there, in black and white.



Honestly if you guys find it too difficult to bother trying to refute... we can switch sides. I will do my level best. But please... please don't just let this one die and make another two... like the last 9 or so.

 

Market manipulation events like QE from the Fed, ECB, BoJ, ext. are getting more frequent, are bigger, and have shorter half lives than before. There is desperation. QE3 may have a numbing effect, but it won't last as long as the impact from QE2, which didn't do as much as QE1. Central economic planning is failing as the global sovereign debt bubble grows.

 

So as soon as Obama's gone the GOP will raise taxes on the rich, like S&P wants.

You seem a bit confused.

 

Thank you for backing me up on this one. Now straighten out that MissJonelyn character. I don't think she's getting it. While you're at it give S&P a call and enlighten them too. I'm glad you have had this epiphany.

 

You do realize that it is the Fed's task to regulate money supply. Calling that a "market manipulation" is like calling an guilty verdict by a jury false imprisonment. You've sort of missed the point.

 

Oh I see. The market is omnipotent when T-Bills are in demand, but rising gold prices just deserve laughter and caps lock.

 

Downgrade or no downgrade the people seek US treasuries out of all other bonds. Since we aren't having to offer higher interest payments for our bonds, the rest of the predicted economic consequences of the downgrade is likely not arrive at all. This doesn't mean that Investors reject S&Ps warning. They most likely don't see the real crisis as being in US Treasuries. They're more worried about the overall economy and the debt crisis in the Europe.

 

Energy and food prices were rising because of all the new liquidity moving into the market. But, like all bubbles, it had to deflate eventually - that's what's happening RIGHT NOW; that's what happened after the housing market collapsed; that's what's going to happen when the other government-created bubbles pop; deflation is a CORRECTION in the market; it is correcting the artificial propping up of malinvestment by "resetting" prices such that the nominal price level represents the real equilibrium value; QE III will reinflate the stock market and you will see, once again, record corporate profits, mostly from the financial sector, the quasi-governmental wing of the central banking system that steals and bilks and cons the country for billions of dollars in wealth.

 

Oh I see, the market isn't omnipotent when T-Bills are concerned, but gold, gold is different.

Make up your mind.

 

Lol.

It is nice to see that you accept Obama is a one term president...


However... you clearly missed the part about not caring the ratio of taxes to spending cuts. So long as there are significant entitlement spending cuts... which they clearly said was key (I made it all big and stuff so you wouldn't miss it) taxes don't have to rise at all. Balance does not mean raising taxes, it means balancing your spending based on your income. I know it's rough. We will get through it.

 

Ignoring the fact that the government telling them to do it does not disqualify it from being "manipulation", what term would you prefer?

 

It's amazing how the left ignores the Presidents responsibility in this.

Blame a minority party influence in the House of Congress for Obama's economy. Makes sense.

 

That makes no sense.

S&P downgraded US bonds and said they were not the safest bonds in the world. The world rejected S&P's fantasy and bought US bonds more than ANY other asset class in the world and enabled us (The USA) to borrow money more cheaply than just about any other time in our history.

The End.