Political Discussion

[momisery]

What Money!!!! Thanks for that.. I hate those chain letters and no one ever fact checks them.. they just take it for face value. This country would be a lot better off if we all did a little research, and if they did not allow this sort of lie to be posted without being sued for liable.

[momisery]

I work in banking, they are not lending because they can play bonds and make better money with the bail out funds. The problems are huge in a world without morales, hence the reason for regulations.

[justbroke]

Did you here the story of Goldman-Sachs? That they made a few billion by betting against the Real Estate market, but doing so on their own proprietary desk and not for their customers? I personally see nothing wrong with this, but, apparently, Obama does and this is the big "attack the banks" stance.

The only reason these guys are now banks, is because of the financial meltdown, when Goldman, JP-Morgan, Lehman and the likes all ran to become Bank Holding Companies. Now I know they wish they never did.

[OhioFiler]

Cutting government spending is not going to grow the economy at this particular moment.

I agree with you though that cutting corporate taxes, will create jobs in the mid-term to long term, which will eventually grow the economy.

I am not sure how pumping money into government programs is "destroying' our economy OF. Banks are not lending to small businesses, companies are not hiring, and demand for goods and services is way down. Those factors, coupled with a spiraling housing crisis that is lowering the tax base of local communities, and tying up the capital reserves of banks, is what is destroying our economy at the moment.

You said it yourself earlier. Hyper-inflation is on the way. Government can not create economic growth. Socializing 1/6th of our economy and placing it under the control of the federal government will create such massive debt China will own this country. The dollar will be worthless.

I am yet to see a lower property tax bill even though the value of my property has lessened. I don't see the local governments losing money around here as a result of the spiraling housing crisis.

[WhatMoney]

What Money!!!! Thanks for that.. I hate those chain letters and no one ever fact checks them.. they just take it for face value. This country would be a lot better off if we all did a little research, and if they did not allow this sort of lie to be posted without being sued for liable.

Thanks MoMisery

But I get all the pleasure I need occasionally exposing the lies of the ultra conservative Limbaugh sheep with facts. Oh how they hate those facts.

If Obama would walk on water, the conservatives would complain that he doesn't know how to swim.

[OhioFiler]

Thanks MoMisery

But I get all the pleasure I need occasionally exposing the lies of the ultra conservative Limbaugh sheep with facts. Oh how they hate those facts.

If Obama would walk on water, the conservatives would complain that he doesn't know how to swim.

Nice try Mensa. You can't take some un-sourced nonsense and attribute it to someone unless of course you are without conscience or thinking ability. You clearly don't consider facts in your moveon inspired rants. I gather by your angry leftist writings you qualify on both counts!

[backtoschool]

You said it yourself earlier. Hyper-inflation is on the way. Government can not create economic growth. Socializing 1/6th of our economy and placing it under the control of the federal government will create such massive debt China will own this country. The dollar will be worthless.

I am yet to see a lower property tax bill even though the value of my property has lessened. I don't see the local governments losing money around here as a result of the spiraling housing crisis.

Yes, OF, you are right, and I see your point. Hyper-inflation is definitely coming.

As to property taxes, I was referring to foreclosed and abandoned housing and how it is lower the tax base of many communities.

[JRScott]

Cutting government spending is not going to grow the economy at this particular moment.

I agree with you though that cutting corporate taxes, will create jobs in the mid-term to long term, which will eventually grow the economy.

I am not sure how pumping money into government programs is "destroying' our economy OF. Banks are not lending to small businesses, companies are not hiring, and demand for goods and services is way down. Those factors, coupled with a spiraling housing crisis that is lowering the tax base of local communities, and tying up the capital reserves of banks, is what is destroying our economy at the moment.

Eliminating entirely the Corporate Income Tax for 3 years would have been more stimulative and cost less than the 'stimulus' packages.....after all Corporate Income Tax revenues only come to around 222 billion a year. On the other hand our import taxes only bring in around 23 billion a year. So naturally where the government charges you 10 times as much to operate in our nation as they do to work outside our nation and ship it here is it any wonder why so many jobs are leaving the United States?

[JRScott]

Did you here the story of Goldman-Sachs? That they made a few billion by betting against the Real Estate market, but doing so on their own proprietary desk and not for their customers? I personally see nothing wrong with this, but, apparently, Obama does and this is the big "attack the banks" stance.

The only reason these guys are now banks, is because of the financial meltdown, when Goldman, JP-Morgan, Lehman and the likes all ran to become Bank Holding Companies. Now I know they wish they never did.

A dozen former Goldman-Sachs officers work in the Obama administration. The highest I think is a deputy secretary.

[JRScott]

You said it yourself earlier. Hyper-inflation is on the way. Government can not create economic growth. Socializing 1/6th of our economy and placing it under the control of the federal government will create such massive debt China will own this country. The dollar will be worthless.

I am yet to see a lower property tax bill even though the value of my property has lessened. I don't see the local governments losing money around here as a result of the spiraling housing crisis.

There is no way to avoid the hyperinflation that will occur the mid to later part of this coming decade. The Fed has monetized to much of the debt to avoid it.

[justbroke]

A dozen former Goldman-Sachs officers work in the Obama administration. The highest I think is a deputy secretary.

Incredible, isn't it? It so incestuous that you really can detach Wall Street from Pennsylvania Avenue. I find it rather absurd, that any Administration or Congress can decry Wall Street, while hiring those that "made" Wall Street.

[momisery]

So, if we are to become a nation of gamblers instead of creaters, we will be depended upon those nations who create, like china.. is that the plan? Banks are just that, they lend out money, if they want to gamble go open a casino someplace, or invest then become wallstreet or investment banks only. The problem with betting against things for money is everyone becomes too lazy to actually build things... which we need to do, unless of course we need China or India designing our defense weapons? Many people did not know their funds were not safe since they were with a BANK... I see a problem there.

[OhioFiler]

Yes, OF, you are right, and I see your point. Hyper-inflation is definitely coming.

As to property taxes, I was referring to foreclosed and abandoned housing and how it is lower the tax base of many communities.

Property taxes are either being paid by the bank that owns the foreclosed property or the taxes are accruing and some one will be held liable for them upon a sale. The government ALWAYS gets it chunk.

[WhatMoney]

Nice try Mensa. You can't take some un-sourced nonsense and attribute it to someone unless of course you are without conscience or thinking ability. You clearly don't consider facts in your moveon inspired rants. I gather by your angry leftist writings you qualify on both counts!

Thanks for the compliment(?) but I'm not a member of Mensa. My PhD in physics and career that followed is enough know my brain is working - I don't know anyone with real accomplishments in their life who would consider joining Mensa. It seems to be a cult for wannabes.

Exactly what are you whining about that was unsourced? You must be a newbie on the forum OF, as I have sourced more material than anyone else on the board - I have a reputation for sourcing my comments - unlike most of you conservatives who seldom provide any source for your lies and distortions. Is that because your source is Rush Limbaugh? You have asked twice "what is wrong with Rush Limbaugh." Are you serious?

I gave my opinion of Limbaugh in another thread (and I was holding back) and was asked for sources. I said sure that's easy - how many pages of crap you want me to source about Limbaugh. And then...the conservative moderator from NE Florida locked the thread. Guess an exposure of your hero was more than the mod could take. Double standards in the political thread are nothing new here on the BK forum.

[backtoschool]

Property taxes are either being paid by the bank that owns the foreclosed property or the taxes are accruing and some one will be held liable for them upon a sale. The government ALWAYS gets it chunk.

I agree with you OF, but I was referring to the "shadow" inventory that is waiting to be put on the market, and where no taxes are being paid. In many communities this represents a significant tax base that is eroding.

Many school districts, police departments, etc are laying off due to the reduced tax base, and that is spiraling the recession in those communities.