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-   -   Solution for the Economy: Wreckless Spending (https://www.apostolicfriendsforum.com/showthread.php?t=22481)

deacon blues 02-09-2009 04:24 AM

Solution for the Economy: Wreckless Spending
 
So the Democrats say, "The Republicans got us into this mess. We are going to fix it with a trillion dollars worth of spending and tax cuts!" What did the GOP during the Bush years? Out of control spending and tax cuts! Where's the change? Its more of the same! Only worse! This is more wreckless spending than the GOP ever dreamed of.

Obama will be a one term president. This approach to the economy will only make it worse.

ManOfWord 02-09-2009 06:28 AM

Re: Solution for the Economy: Wreckless Spending
 
Worse enough to get us closer to global economic disaster and closer to the need for a global (one world) monetary system. That shouldn't be too hard for anyone of us to see that it could happen in our life time!! :D Scary thought, indeed!

pelathais 02-09-2009 07:12 AM

Re: Solution for the Economy: Wreckless Spending
 
Quote:

Originally Posted by ManOfWord (Post 701990)
Worse enough to get us closer to global economic disaster and closer to the need for a global (one world) monetary system. That shouldn't be too hard for anyone of us to see that it could happen in our life time!! :D Scary thought, indeed!

I don't think so. There's literally trillions of more dollars to be made through the forex and currency exchanges. The big bankers would loathe to see that cash cow disappear. Also, credit cards charge that 1% exchange fee when you shop overseas. When I worked for a crdit card company and the Euro was being introduced all of the bankers were mournful, to say the least.

The Euro was touted as a weapon to compete against the US Dollar, and it has been somewhat successful. What selling point would a "one world currency" have? Bible prophecy doesn't really require such a device, even from a strictly Dispensationalist view.

commonsense 02-09-2009 09:07 AM

Re: Solution for the Economy: Wreckless Spending
 
Quote:

Originally Posted by ManOfWord (Post 701990)
Worse enough to get us closer to global economic disaster and closer to the need for a global (one world) monetary system. That shouldn't be too hard for anyone of us to see that it could happen in our life time!! :D Scary thought, indeed!

I had the same thoughts. We can only hope there a few sensible folks in DC to keep watch over the current disaster.

ManOfWord 02-09-2009 09:45 AM

Re: Solution for the Economy: Wreckless Spending
 
Quote:

Originally Posted by pelathais (Post 702002)
I don't think so. There's literally trillions of more dollars to be made through the forex and currency exchanges. The big bankers would loathe to see that cash cow disappear. Also, credit cards charge that 1% exchange fee when you shop overseas. When I worked for a crdit card company and the Euro was being introduced all of the bankers were mournful, to say the least.

The Euro was touted as a weapon to compete against the US Dollar, and it has been somewhat successful. What selling point would a "one world currency" have? Bible prophecy doesn't really require such a device, even from a strictly Dispensationalist view.


Not saying that it WILL.....just saying that I can see how it COULD happen.

The selling point, I think, will be necessity and control. :D

RevDWW 02-09-2009 11:00 AM

Re: Solution for the Economy: Wreckless Spending
 
Hey I know......let's go deeper into debt to get out of debt..........sounds logical to me....NOT!!!!!

RevDWW 02-09-2009 11:01 AM

Re: Solution for the Economy: Wreckless Spending
 
Quote:

Originally Posted by commonsense (Post 702044)
I had the same thoughts. We can only hope there a few sensible folks in DC to keep watch over the current disaster.

Seems the few sensible folks have no power and can only watch........

Pressing-On 02-09-2009 11:08 AM

Re: Solution for the Economy: Wreckless Spending
 
I read this article the other day. It's very interesting.

Quote:

Jobs Down, Stocks Up?
Larry Kudlow
February 6, 2009

Meanwhile, the unemployment rate moved up from 7.2 to 7.6 percent. So there’s no sugar coating it: It was a terrible report.

However, stocks traded strong on Friday, with the Dow Jones finishing up over 200 points. Broad stock indexes are up 15 to 20 percent from their November lows. How can this be? Well, the stock market is telling us that the economy’s future is a lot brighter than its past. The stock market looks ahead; the employment report looks behind.

Mustard seeds planted a while back are now pointing to economic recovery. The huge energy tax cut is one such mustard seed.

In the short-run, as money rises and GDP declines during a recession, the turnover (or velocity) of money plunges. But the use of money eventually picks up, which means all that new M2 growth is going to stimulate the economy this year -- and by a whole lot more than the goofy stimulus bill now before Congress.

The commodity markets -- among the first asset sectors to respond to money stimulus -- are stabilizing.

http://townhall.com/columnists/Lawre...own,_stocks_up

pelathais 02-09-2009 11:56 AM

Re: Solution for the Economy: Wreckless Spending
 
We don't need Obama and Pelosi/Reid's Payoff and Graft bill. They're giving 10's of millions to A.C.O.R.N. front groups to reward them for their efforts in voter fraud... err... I mean in "getting out the vote." Is that how a democracy is supposed to operate?

And now political strongman Rahm Emmanuel is taking over the 2010 US Census. They're politicizing everything and making a huge power grab. The cenus determines Congressional redistricting. So now the Dems get to redraw the lines for future Congressional and Senate races. And, they're shamelessly giving the job to their top hatchet man.

This is how the Democratic Party was built. From Tammaney Hall to Richard Daley's Chicago to the 10,000's of voters who are still missing in New Orleans after Katrina... uh, I guess maybe their bodies will turn up in the River some day? Or maybe those voters never existed. Did you notice that when New Orleans had to do an honest election the Republicans won the Governorship?

DividedThigh 02-09-2009 12:58 PM

Re: Solution for the Economy: Wreckless Spending
 
over 4 billion to acorn in this bill, not a jobs bill at all, but a payoff all the people we owe for my presidency, the more light this darkness sees the uglier it is, dt


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