Solution for the Economy: Wreckless Spending

[deacon blues]

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]

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!! Scary thought, indeed!

[pelathais]

Originally Posted by ManOfWord

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!! 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]

Originally Posted by ManOfWord

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!! 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]

Originally Posted by pelathais

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.

[RevDWW]

Hey I know......let's go deeper into debt to get out of debt..........sounds logical to me....NOT!!!!!

[RevDWW]

Originally Posted by commonsense

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]

I read this article the other day. It's very interesting.

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]

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]

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