Berkshire Hathaway bond's trade lower than US debt

[theanalogkid]

http://seekingalpha.com/article/195812-bonds-stay-in-focus

No rational investor is believing the BS, Obama and the Democrats put out that they'll reduce the deficit by spending more.

The monetary system is on it's way to collapsing, there is no way the government will be able to continue to fund these entitlement programs, wars etc. without having negatively impacted the dollar. This is just the start. The bond bubble will burst in the future.

[Nevada_Ballin]

http://seekingalpha.com/article/195812-bonds-stay-in-focus

No rational investor is believing the BS, Obama and the Democrats put out that they'll reduce the deficit by spending more.

The monetary system is on it's way to collapsing, there is no way the government will be able to continue to fund these entitlement programs, wars etc. without having negatively impacted the dollar. This is just the start. The bond bubble will burst in the future.

Be sure to include Bush and the GOP in there. Got a running total of the Iraqi war handy?


.

[sideoutshu]

The funny thing I saw in all of this was the absence of the opinion of guys like Warren Buffet from any of the liberal propaganda surrounding helathcare.

For the last year, every time Obama has done anything remotely related to the economy he was jumping up and down saying:

"LOOK, WARREN BUFFET SUPPORTS ME!"

All of a sudden, on health care, Buffet is no where to be found, I wonder why?

[sideoutshu]

Be sure to include Bush and the GOP in there. Got a running total of the Iraqi war handy?


.

Were the bonds trading at the same level when Bush was President?

[Nevada_Ballin]

Were the bonds trading at the same level when Bush was President?

Don't know and don't care.... did Bush spend a lot of our money on the Iraqi war?


.

[theanalogkid]

Be sure to include Bush and the GOP in there. Got a running total of the Iraqi war handy?


.

Bush isn't the President anymore, you can continue to blame him if you wish. Obama was voted in because he wasn't Bush, and Obama's been President for a year, but yet he's carried out most of the same policies. I didn't expect him to do anything overnight, but he hasn't done much in his past year in office. Bigger government, more interventionism, even more spending.

It's no wonder why job creation is very slow if any. The government is choking the private sector out.

[sanantonio]

Bush isn't the President anymore, you can continue to blame him if you wish. Obama was voted in because he wasn't Bush, and Obama's been President for a year, but yet he's carried out most of the same policies. I didn't expect him to do anything overnight, but he hasn't done much in his past year in office. Bigger government, more interventionism, even more spending.

It's no wonder why job creation is very slow if any. The government is choking the private sector out.

Whoa whoa whoa!! That's like the second team QB coming off the bench after the First team QB has been pulled (I realize this is simplistic). The ineffectivness of the first team QB has to be taken into account. You just can't say ok kid get in there the score is even steven. Obamas trangressions aside you have to ask yourself how bad would all this really be had Bush not screwed up?

[MonoxideChild]

Bonds always go up when the country needs money. See, thats like how it works. Anyone that has anything to do with trading or DC shouldn't be completely trusted when talking about bonds. The truth is, they WANT you to buy them, so what else would they say?

[Nevada_Ballin]

Bush isn't the President anymore, you can continue to blame him if you wish. Obama was voted in because he wasn't Bush, and Obama's been President for a year, but yet he's carried out most of the same policies. I didn't expect him to do anything overnight, but he hasn't done much in his past year in office. Bigger government, more interventionism, even more spending.

It's no wonder why job creation is very slow if any. The government is choking the private sector out.

It's not "wishing" to blame him, it's a fact to allocate some blame on him. He has a deep role in how bad things are. Not only the Iraq war spending but also the $700 billion stimulus and bank bailouts. All were carried out under his presidential ink pen. I've always said, there's enough blame to go around ---- but I don't know if most people here understand how complicated and difficult it is to fix the problems left by the previous administration. It's easy for us to say "all ya gotta do is....". In reality, it's like asking one plumber to repair a busted Hover Dam after an earthquake.... immediately.




.

[RicoVacilon]

The sky is falling yadda yadda.

[bk1998]

In 2025, will fools still blame Bush?

For folks that supposedly are "forward thinkers" ya'll sure spend a hell of a lot of time looking backward.

[sanantonio]

In 2025, will fools still blame Bush?

For folks that supposedly are "forward thinkers" ya'll sure spend a hell of a lot of time looking backward.

You can't move forward without correcting the mistakes made in the past. In this case Bush made his fair share to be corrected.

[bk1998]

You can't move forward without correcting the mistakes made in the past. In this case Bush made his fair share to be corrected.

lmao.

Yeah. Correcting something means actually doing it now, rather than saying "but but but but but but but what did Bush do??"

This whole thread is a joke.

[theanalogkid]

It's not "wishing" to blame him, it's a fact to allocate some blame on him. He has a deep role in how bad things are. Not only the Iraq war spending but also the $700 billion stimulus and bank bailouts. All were carried out under his presidential ink pen. I've always said, there's enough blame to go around ---- but I don't know if most people here understand how complicated and difficult it is to fix the problems left by the previous administration. It's easy for us to say "all ya gotta do is....". In reality, it's like asking one plumber to repair a busted Hover Dam after an earthquake.... immediately.
.

Obama voted for the stimulus and TARP when he was a senator. He supported those things. Then Obama got his own $787 billion stimulus passed after the Bush stimulus.

So far Obama has spent even more money, put the country deeper into the debt hole, and done even more military interventionism. Bush didn't cause him to do those things. You don't balance the budget by spending even more.

The debt is estimate to be $20 trillion by 2015, you going to still blame Bush then? Yes, Bush deserves credit for spending too much, but every President inherits the last President's problems. I don't see Obama doing anything about it though.

[sanantonio]

lmao.

Yeah. Correcting something means actually doing it now, rather than saying "but but but but but but but what did Bush do??"

This whole thread is a joke.

No it means at least in my book knowing what mistakes were made and how so that they are not repeated in the future. The old saying history repeats itself is true because people are dumazzes and keep doing the same thing over and over.

[bk1998]

No it means at least in my book knowing what mistakes were made and how so that they are not repeated in the future. The old saying history repeats itself is true because people are dumazzes and keep doing the same thing over and over.

Who's debating the fact that mistakes were made? No one.

Thread = joke as soon as certain posters try to drag Bush into it.

Frankly, this whole forum is a joke, and a pretty good reflection of our current political system.

[Nevada_Ballin]

Obama voted for the stimulus and TARP when he was a senator. He supported those things. Then Obama got his own $787 billion stimulus passed after the Bush stimulus.

So far Obama has spent even more money, put the country deeper into the debt hole, and done even more military interventionism. Bush didn't cause him to do those things. You don't balance the budget by spending even more.

The debt is estimate to be $20 trillion by 2015, you going to still blame Bush then? Yes, Bush deserves credit for spending too much, but every President inherits the last President's problems. I don't see Obama doing anything about it though.

And so did the "other" candidate that was running for POTUS. You can't point a finger at one without realizing that there was nothing different about the opposition in that sense..... except for one's desire to get out of Iraq and the other being ready to stay there for 100 years :)

Of course, Bush could have vetoed it too .... but ten again when did he ever veto anything that had spending involved? lol

.


.

[theanalogkid]

And so did the "other" candidate that was running for POTUS. You can't point a finger at one without realizing that there was nothing different about the opposition in that sense..... except for one's desire to get out of Iraq and the other being ready to stay there for 100 years :)

Of course, Bush could have vetoed it too .... but ten again when did he ever veto anything that had spending involved? lol

.


.

What does John McCain have to do with Obama's big government spending? John McCain isn't the President, Obama is.

[sanantonio]

Who's debating the fact that mistakes were made? No one.

Thread = joke as soon as certain posters try to drag Bush into it.

Frankly, this whole forum is a joke, and a pretty good reflection of our current political system.

If Bush is a part of the economic equation or mess then how can you leave him out?

[bk1998]

If Bush is a part of the economic equation or mess then how can you leave him out?

lol

Nevermind.

This is all King George's fault.

[bk1998]

If Bush is a part of the economic equation or mess then how can you leave him out?

Your boy Ron Paul called the health care bill a "disaster." Thoughts?

[sanantonio]

Your boy Ron Paul called the health care bill a "disaster." Thoughts?

Unlike some of the robots in here I don't walk in lock step with everything Ron Paul believes. Now I don't like everything about the health care bill either but I know something had to be done besides just talking about it. So on that issue we disagree with the current climate.

Had he been elected POTUS I might have felt differently because other things would have been done to possibly negate the need for health care reform. We will never know.

[SUPDOG]

Unlike some of the robots in here I don't walk in lock step with everything Ron Paul believes. Now I don't like everything about the health care bill either but I know something had to be done besides just talking about it. So on that issue we disagree with the current climate.

Had he been elected POTUS I might have felt differently because other things would have been done to possibly negate the need for health care reform. We will never know.

Translation:

"I only used Ron Paul as "my guy", in an attempt to salvage any sort of respect on the board. But since then, the Obama poster in my room has overtaken me. I love that smile, and I love how he promises to get back at rich white people because EVERYONE knows that they are all corrupt. I also love how he wants to take care of me, provide my healtcare, a new car, and those cute little wind chimes that my wife saw at Walmart (yeah, he's gonna get them too!). Ohhhhh, I can't wait till he owns my house. He already owns my mind." :eek:

[sanantonio]

Translation:

"I only used Ron Paul as "my guy", in an attempt to salvage any sort of respect on the board. But since then, the Obama poster in my room has overtaken me. I love that smile, and I love how he promises to get back at rich white people because EVERYONE knows that they are all corrupt. I also love how he wants to take care of me, provide my healtcare, a new car, and those cute little wind chimes that my wife saw at Walmart (yeah, he's gonna get them too!). Ohhhhh, I can't wait till he owns my house. He already owns my mind." :eek:

Translation:

I defend the Pope because he has my mind and soul no matter what who cares about the children?

[MonoxideChild]

Translation:

I defend the Pope because he has my mind and soul no matter what who cares about the children?

Lol, leave no children's behind...

[SUPDOG]

Translation:

I defend the Pope because he has my mind and soul no matter what who cares about the children?

Hmmm, for someone who claims to be "Christian", I thought you would be more of a man than this, no?"

Cheap shots based on rumors?

Well, actually, you got Obama on the mind and in the soul. You will do whateever he commands, no matter what the cost.

Obama = evil

San an= the evil one's puppet.


So, how does it feel to take from others so you can get free stuff? Funny, during the elections you were Mr. Fiscal Conservative, now you do anything to justify big government spending, including making light of kids who have been molested, etc.

Yeah, you are in the Olberbot camp. God will forgive you though! Repent ye snake!

[MonoxideChild]

Cheap shots based on rumors?


Um, what? Is that why the Vatican released official letters of apology? Is that why the ****s hitting the fan in Wisconsin? Not rumors, fact. There is a massive cover up that included Mr. Funnyhat himself when he was archbishop. IT's the beginning of the end for Papal power.

[Nevada_Ballin]

What does John McCain have to do with Obama's big government spending? John McCain isn't the President, Obama is.

John McCain has a lot to do with it - he voted for those bailouts too. One thing Obama didn't vote for that McCain did was the war in Iraq. McCain is relevant because he was the alternative to Obama. Don't like what Obama has done, then ya gotta think about what you'd have without him......

McCain and Palin


.

[Nevada_Ballin]

Unlike some of the robots in here I don't walk in lock step with everything Ron Paul believes. Now I don't like everything about the health care bill either but I know something had to be done besides just talking about it. So on that issue we disagree with the current climate.

Had he been elected POTUS I might have felt differently because other things would have been done to possibly negate the need for health care reform. We will never know.

I believe your boy RP led the way on both sides of the healthcare debate with money from lobbyists. Number 1 on the "for" side and Number 1 on the "against" side. I'm still trying to figure out what that says about him ... lol


.

[SUPDOG]

Um, what? Is that why the Vatican released official letters of apology? Is that why the ****s hitting the fan in Wisconsin? Not rumors, fact. There is a massive cover up that included Mr. Funnyhat himself when he was archbishop. IT's the beginning of the end for Papal power.

At any rate, the handling of the evil actions of some priests was handled poorly. I think it is important to note that the percentage of the priests who did these things is minimal (although any priest who would do such a thing is evil to the core). You do know that child molestation in the secular world far outweighs the actions of these limited number of priest don't you? It is also much more rampant in Protestant traditions more than Catholicism.

Are you outraged by this?

The reality is that satan will attack the Catholic church with the most evil he can because it is the biggest threat to him.

You see San an and Gt, etc. attack with childish remarks, etc., because they are riding on satan's ship and Obama is there captain.

Have you ever asked yourself why you hate the Catholic church so much? Really? have you?

[MonoxideChild]

At any rate, the handling of the evil actions of some priests was handled poorly. I think it is important to note that the percentage of the priests who did these things is minimal (although any priest who would do such a thing is evil to the core). You do know that child molestation in the secular world far outweighs the actions of these limited number of priest don't you? It is also much more rampant in Protestant traditions more than Catholicism.

Are you outraged by this?

The reality is that satan will attack the Catholic church with the most evil he can because it is the biggest threat to him.

You see San an and Gt, etc. attack with childish remarks, etc., because they are riding on satan's ship and Obama is there captain.

Have you ever asked yourself why you hate the Catholic church so much? Really? have you?

No. I don't hate anyone. I have a problem with the fact that these dudes walk around completely above all else. IF the pope was known to have acyed in a conspiracy, then he should be charged with his actions. You do know it's illegal what they did right? In just about every country. And yet they board flights and walk around freely wherever they go. It's not right. And theres more instances in the secular world because there are more people. I bet the ration of clergymen to molestation is way higher than everyone to molestation charges.

[sanantonio]

Hmmm, for someone who claims to be "Christian", I thought you would be more of a man than this, no?"

Cheap shots based on rumors?

Well, actually, you got Obama on the mind and in the soul. You will do whateever he commands, no matter what the cost.

Obama = evil

San an= the evil one's puppet.


So, how does it feel to take from others so you can get free stuff? Funny, during the elections you were Mr. Fiscal Conservative, now you do anything to justify big government spending, including making light of kids who have been molested, etc.

Yeah, you are in the Olberbot camp. God will forgive you though! Repent ye snake!

Translation:

I defend the Pope because he has my mind and soul no matter what who cares about the children? We can turn water into wine and facts into rumors.


Funny how you were all up in ACORN with the guilt by association but now when it comes to the Church it's just a few pedophile priests. You make me ill!!!

[theanalogkid]

John McCain has a lot to do with it - he voted for those bailouts too. One thing Obama didn't vote for that McCain did was the war in Iraq. McCain is relevant because he was the alternative to Obama. Don't like what Obama has done, then ya gotta think about what you'd have without him......

McCain and Palin


.

No I don't. Obama is the President, not John McCain. It's very likely Obama would have voted for the war in Iraq, just like most Democrats did. He's continued the Bush doctrine as well, which further supports that he would have voted for the Iraq War.

[SUPDOG]

Translation:

I defend the Pope because he has my mind and soul no matter what who cares about the children? We can turn water into wine and facts into rumors.


Funny how you were all up in ACORN with the guilt by association but now when it comes to the Church it's just a few pedophile priests. You make me ill!!!

I don't think the Church has attempted to fix any elections. I also don't think they intentionally hire those who would be capable of running a child prostitution ring. Acorn? Would they approve of helping a pimp save some tax dollars while running a prostitution ring? Darn right they would.

No mention of the percentage differences and the like? NAw, that would eliminate the hit job potential, no?

I, obviously would never approve of such evil acts, nor the cover up. Those guilty of either should face the appropriate consequences.

You on the other hand were more concerned about the potential legal action againt those who brought ACORN down, moreso than the actions of the employees of this overwhelmingly corrupt and disgusting organization.

That is the difference between you and me. You want all organizations that can help your new king to be left held unaccountable. I want justice, no matter who goes to prison, even if it would be the Pope.

If you were a man, you would make you ill, but you are an empty democrat looking for Obama hand outs.


Ouchy!

[sanantonio]

I don't think the Church has attempted to fix any elections. I also don't think they intentionally hire those who would be capable of running a child prostitution ring. Acorn? Would they approve of helping a pimp save some tax dollars while running a prostitution ring? Darn right they would.

No mention of the percentage differences and the like? NAw, that would eliminate the hit job potential, no?

I, obviously would never approve of such evil acts, nor the cover up. Those guilty of either should face the appropriate consequences.

You on the other hand were more concerned about the potential legal action againt those who brought ACORN down, moreso than the actions of the employees of this overwhelmingly corrupt and disgusting organization.

That is the difference between you and me. You want all organizations that can help your new king to be left held accountable. I want justice, no matter who goes to prison, even if it would be the Pope.

If you were a man, you would make you ill, but you our an empty democrat looking for Obama hand outs.


Ouchy!

So a few priests that diddle with children doesn't qualify for the Church to come down. Plus this has been going on for years. How many children have been robbed of thier youth? You don't care your just like them as long as it protects the Church.

[Nevada_Ballin]

No I don't. Obama is the President, not John McCain. It's very likely Obama would have voted for the war in Iraq, just like most Democrats did. He's continued the Bush doctrine as well, which further supports that he would have voted for the Iraq War.

I don't believe he would have voted to go to war in Iraq. Not his style to get into something like that. Now calling a head shot on a pirate who was a true threat or finishing the search for bin Laden on the Afghan/Paki border, that's more like him. But to go to put troops on the ground in Iraq? No way. He didn't have a reason to make the intel fit an agenda to attack.

As for continuing the "Bush doctrine", I think he's done the wisest thing possible - listened to the commanding officers on the ground (or sand if you wish :) ). Kinda funny, I heard John McCain bragging today about how no more Americans are being killed in Iraq. I need to factcheck that still but if that is the case, then Obama becoming one with his commanding officers must be achieving something. Hopefully we can get the hell out of there completely some time in the next 12 months.

But back to the topic. You can't blame Obama for the problems we're enduring. They were already there when he was sworn in. But you can criticize his attempts to fix the problems. Afterall, Bush was POTUS when shiit was hitting the fan, not Obama.

.

[Gtrght77]

http://zfacts.com/metaPage/lib/National-Debt-GDP.gif

[Gtrght77]

So a few priests that diddle with children doesn't qualify for the Church to come down. Plus this has been going on for years. How many children have been robbed of thier youth? You don't care your just like them as long as it protects the Church.

They say over 200 boys were molested at that school for the deaf and the Pope himself covered it up. That is what makes the Catholic church so evil, they care more about their power then they do the people they are supposed to be helping.

[theanalogkid]

. But you can criticize his attempts to fix the problems.
.

Well that was really the point of the topic now wasn't it. You were the one who brought Bush into the conversation.

[Nevada_Ballin]

Well that was really the point of the topic now wasn't it. You were the one who brought Bush into the conversation.

Cuz Bush is an integral part of why we have a $$$ problem, deregulating the financial institutions was such a great idea.... lol. Follow the paper trail and you'll find his signature on all the papers. :)

.

[Gtrght77]

The chart above should speak for itself.

[theanalogkid]

Cuz Bush is an integral part of why we have a $$$ problem, deregulating the financial institutions was such a great idea.... lol. Follow the paper trail and you'll find his signature on all the papers. :)

.

I'm pretty sure the Financial Modernization Act of 99 was signed by Bill Clinton.

It also wasn't that they deregulated it, it's that they deregulated some of the regulation, but not others which caused moral hazard in the industry.They didn't get rid of FDIC insurance, did they? That's regulation, and it allows banks to take insured money, and put it into risky investments.

There's a lot of regulation blocking non-banks from getting into the banking for instance. Wal-Mart has wanted to get into banking for years, but regulations here have blocked it. If they'd allow the banking/thrift substitutes into the market, then they could have let all the over-leveraged banks fail.

Even then, they could have let them fail regardless. Enron was the biggest energy company in the world. It failed. but the market didn't even blink when it happened. Too big to fail is an excuse for more government take over of the private sector imo.

[sideoutshu]

Don't know and don't care.... did Bush spend a lot of our money on the Iraqi war?


.

You mean the war that the democrat controlled congress overwhelmingly voted for, and that Obama has continued despite promises to stop it immediately?

[Nevada_Ballin]

I'm pretty sure the Financial Modernization Act of 99 was signed by Bill Clinton.

It also wasn't that they deregulated it, it's that they deregulated some of the regulation, but not others which caused moral hazard in the industry.They didn't get rid of FDIC insurance, did they? That's regulation, and it allows banks to take insured money, and put it into risky investments.

There's a lot of regulation blocking non-banks from getting into the banking for instance. Wal-Mart has wanted to get into banking for years, but regulations here have blocked it. If they'd allow the banking/thrift substitutes into the market, then they could have let all the over-leveraged banks fail.

Even then, they could have let them fail regardless. Enron was the biggest energy company in the world. It failed. but the market didn't even blink when it happened. Too big to fail is an excuse for more government take over of the private sector imo.

Yea, he signed the GLB bill and there's differing lines of opinion on whether it's the reason for the financial collapse or not, but I'll concede on that point (GLB). Here's the thing with George though, he let it happen despite years of warning signs and advisories. He was given a crystal ball and refused to look at it (or decided to ignore it). We hear the "it's really Clinton's fault" all the time .... but I say "Then why didn't Bush and his 4 year GOP Congress fix it?" It's because he is a supporter of deregulation. Just as people are blaming Obama for what is going on under his watch, then Bush should be held under the same criticism.

But the financial institution thing is just one oversight among many. I doubt that there is much more to say about how much the Iraq war has drained our national wallet. Beyond the Iraq War, for his 8 years at the helm, we're looking at $2.5 trillion in entitlement spending and $1.3 trillion in discretionary spending. Now I'm not really an "expert" in these things but I'm not dumb either - that's a lot of money.

"Bush outspent both Reagan and Clinton. President Reagan boosted defense
outlays by 41 percent during his terms, but he also cut real nondefense outlays by 10 percent. Overall, total discretionary spending increased by 15.8 percent during Reagan’s terms. During Clinton’s first term, real discretionary spending actually decreased by 8 percent. During his second term, with the Republicans in control of Congress, it increased by 8.8 percent. Over Clinton’s eight years then, real discretionary spending increased by 0.1 percent. During his two terms in office, however, President Bush increased real discretionary spending by 44 percent."

Bush was the first president since John Quincy Adams not to exercise his veto power during a complete four-year term, even though the Republican-controlled Congress was on a spending spree.

One of my biggest complaints with Bush, outside of that ridiculous decision to go to invade Iraq, is that he didn't keep an eye on the national check book.


.

[Nevada_Ballin]

You mean the war that the democrat controlled congress overwhelmingly voted for, and that Obama has continued despite promises to stop it immediately?

No, i mean the war in which the Bush Admin fixed intel to fit their agenda to get a Congressional vote. It's a pretty cool gig when you can get the BS in such a form as to have it believable.

Downing St. Memos FTW!

.

[sideoutshu]

No, i mean the war in which the Bush Admin fixed intel to fit their agenda to get a Congressional vote. It's a pretty cool gig when you can get the BS in such a form as to have it believable.

Downing St. Memos FTW!

.

You the war that democrats took so lightly that they didn't due their due diligence before blindly voting yes because it was the popular thing to do? Funny how on one hand you claim how "stupid" Bush was and on the other you point out that he fooled all of your heros on the most important decision of many of their careers.

[theanalogkid]

Yea, he signed the GLB bill and there's differing lines of opinion on whether it's the reason for the financial collapse or not, but I'll concede on that point (GLB). Here's the thing with George though, he let it happen despite years of warning signs and advisories. He was given a crystal ball and refused to look at it (or decided to ignore it). We hear the "it's really Clinton's fault" all the time .... but I say "Then why didn't Bush and his 4 year GOP Congress fix it?" It's because he is a supporter of deregulation. Just as people are blaming Obama for what is going on under his watch, then Bush should be held under the same criticism.

But the financial institution thing is just one oversight among many. I doubt that there is much more to say about how much the Iraq war has drained our national wallet. Beyond the Iraq War, for his 8 years at the helm, we're looking at $2.5 trillion in entitlement spending and $1.3 trillion in discretionary spending. Now I'm not really an "expert" in these things but I'm not dumb either - that's a lot of money.

"Bush outspent both Reagan and Clinton. President Reagan boosted defense
outlays by 41 percent during his terms, but he also cut real nondefense outlays by 10 percent. Overall, total discretionary spending increased by 15.8 percent during Reagan’s terms. During Clinton’s first term, real discretionary spending actually decreased by 8 percent. During his second term, with the Republicans in control of Congress, it increased by 8.8 percent. Over Clinton’s eight years then, real discretionary spending increased by 0.1 percent. During his two terms in office, however, President Bush increased real discretionary spending by 44 percent."

Bush was the first president since John Quincy Adams not to exercise his veto power during a complete four-year term, even though the Republican-controlled Congress was on a spending spree.

One of my biggest complaints with Bush, outside of that ridiculous decision to go to invade Iraq, is that he didn't keep an eye on the national check book.


.

I don't see Obama cutting spending anywhere, he's gowning the federal government budget even more than Bush. Bond yields aren't being set based on past events. They are being set based on predictions. Clearly most bond traders are painting a bleak picture about what is ahead. The fact they are demanding a higher interest rate from the federal government than they are from a corporation is pretty alarming.

I agree Bush should take the brunt of the blame, but Obama isn't doing much to reduce the deficit. His budget is 25% of the GDP, what happens if it gets up to 30 or 35%? Still Bush's fault at that point? Can't spend out of a deficit. Spending $900 billion on HC reform (I don't see how spending more money is reform), and getting a $700 billion stimulus bill which hasn't stimulated anything isn't going to close the deficit in the budget.

Obama did campaign on "Change we can believe in" I don't believe he's making any significant changes, and his hypocrisy is being clearer and clearer with every passing day.

[Nevada_Ballin]

You the war that democrats took so lightly that they didn't due their due diligence before blindly voting yes because it was the popular thing to do? Funny how on one hand you claim how "stupid" Bush was and on the other you point out that he fooled all of your heros on the most important decision of many of their careers.

Gimme a break... due diligence? That's what the Intel agencies are supposed to do. Where you expecting a Congressman to place a few phone calls to some Al-Qaeda ops, maybe the infamous Minister of Information or send Saddam a few emails to verify what our own Intel agencies were "reporting" as truth to the Congress?

Sorry but that "due diligence" is weak. Especially when the people who Congress would follow Due Diligence with were the same people who were shaping the intel to fit the policy in the first place.


.

.

[Nevada_Ballin]

I don't see Obama cutting spending anywhere, he's gowning the federal government budget even more than Bush. Bond yields aren't being set based on past events. They are being set based on predictions. Clearly most bond traders are painting a bleak picture about what is ahead. The fact they are demanding a higher interest rate from the federal government than they are from a corporation is pretty alarming.

I agree Bush should take the brunt of the blame, but Obama isn't doing much to reduce the deficit. His budget is 25% of the GDP, what happens if it gets up to 30 or 35%? Still Bush's fault at that point? Can't spend out of a deficit. Spending $900 billion on HC reform (I don't see how spending more money is reform), and getting a $700 billion stimulus bill which hasn't stimulated anything isn't going to close the deficit in the budget.

Obama did campaign on "Change we can believe in" I don't believe he's making any significant changes, and his hypocrisy is being clearer and clearer with every passing day.

The main point of HC reform was to cut the deficit. Whether that really happens remains to be seen We'll have to revisit it in about 20 years :)

Obama is far from done. Expecting immediate change from the mess left on the White House table is expecting too much too soon. There's a lot more work to do. We'll see if it gets done.

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[resnor]

Bush and other Republicans wanted to change Fannie and Freddie, but leading Dems like Frank and Reid said those insitutions were fine.