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Author Topic: U.S. Dollar Plummets as Bernanke Suggests Further Easing  (Read 2933 times)
hugolp
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August 01, 2011, 07:20:35 PM
 #21

LOL don't you love getting called a nutjob for quoting theiR OWN position to them?

fucking animals.  they'd walk off a cliff because their head is stuck up the ass of the lemming in front of them.

I know. But to be fair these guys are probably very young and misled or just trolls. There are (other) progressives with whom you can talk rationally about things.
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August 01, 2011, 08:22:07 PM
 #22

I really hope Ron Paul gets elected, he seems to be the only candidate running from either party with any real sense AND has the untarnished record...

And that's why he won't have a chance of winning. Big money interests won't help elect someone they know they can't buy.

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August 01, 2011, 08:29:28 PM
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My favorite response to "The U.S. will never default on its debt" is from Ron Paul essentially saying the U.S. defaults on it's debt every time it creates more, essentially cutting the buying power of the money it is repaying.... and it's true that is what is happening....

Not to start a political war in here but I really hope Ron Paul gets elected, he seems to be the only candidate running from either party with any real sense AND has the untarnished record to show this has been his view the whole time, not just now when people are starting to speak up....

I'm just curious as a non-American, would it really make a difference appointing anybody except an absolute monkey as the US president? It seems that whoever is the president, he's basically boxed in by the personal interests of the other politicians and the effect of any decisions he makes on the next guy from his party getting elected as the next president. Whatever good that needs to be done, including hard decisions, it seems like they will never get passed anyway without being shredded down to pointlessness?




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August 01, 2011, 08:52:15 PM
 #24

Actually the president has more power than many think in this regard, without permission of congress the president can:

1)  Return troops from abroad - cutting expensive foriegn deployments
2)  Stop foreign aid to countries where it hasn't been mandated by law - Which is most if not all of it.
3)  Stop unmandated entitlement expenditures - which currently unfortunately many of which are mandated by law but not all of them.
4)  Propose bills in either house of congress - to pass of course these would need to be Congressionally voted on and approved but a president (with veto power and citizens favor) has a lot of pull.
5)  Can veto any bill that comes across his desk, such as increased taxes, increased expenses, etc.

Basically it means he can stop things but he can't really start things right? If the congress refuses a bill that would put America well on track to reducing debt and boosting the economy, but severely impact the congressmen's interest, it's just not going to go through. If the congress keeps pushing bills to improve their own personal positions, all he can do is block and block isn't it? And IIRC, his veto power only means they need to get a higher vote percentage to push it through regardless of his objections isn't it?

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August 01, 2011, 10:07:51 PM
 #25

A principled determined President can get practically anything he wants.
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August 01, 2011, 10:17:41 PM
 #26

I just wish people would realize that presidents, whether republican or democrat, really DO NOT have control of the economy...The Fed and Congress have way more sway in it, but presidents always take credit...

Only one head at a time...

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