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RE: What I Wish I Knew About Obama - 8/11/2008 7:18:54 PM
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Rufas2000
Posts: 1312
Joined: 4/12/2005
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quote:
I think if we could see 4 years into each potential future, presidential elections would suddenly get so much simpler.
Or much more depressing. That would be quite a feat, at least in my case.
_____________________________
Be my friend!
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RE: What I Wish I Knew About Obama - 8/11/2008 7:20:18 PM
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blessedinnyc
Posts: 1966
Joined: 10/12/2007
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quote:
ORIGINAL: Dubya
Foreign debt is in U.S. dollars. If the dollar falls the debt is not increased at all... it remains the same in U.S. dollars. It might decrease in terms of currencies which have appreciated against the U.S. dollar or it might increase in terms of currencies which have depreciated against the U.S. dollar... but the number of U.S. dollars remain the same.
If your concern is national debt, a rising economy is the only solution. If the economy grows, the debt ratio drops. Increased taxes resulting in reduced investment and a shrinking economy will only make the situation worse.
But the real question is how much debt we have to take on to grow the economy?
My neighbor took out a home equity loan to remodel part of his house, which would increase the house's value. However, his home equity and loan value/home value decreased.
At this point, I think the wisest move is to start reducing the deficit. Yes, it will do some damage to the economy (the value of the home), but it will increase our equity (our debt will go down faster than the NPV of our economy). Equity ultimately gets increased by blood, sweat, and tears, and getting the country's balance sheet to look healthier will ultimately involve cutting spending and moderately increasing taxes.
< Message edited by blessedinnyc -- 8/11/2008 7:28:13 PM >
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RE: What I Wish I Knew About Obama - 8/11/2008 7:50:48 PM
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litfire2000
Posts: 208
Joined: 7/6/2008
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quote:
Ah more liberal spin and talking points. There are several errors in your statement.
1.The oil companies are currently drilling on some of this land
2.Not all of the land they have leases for contain oil, no need drilling where they know there isn't any oil.
3.Other parts of the land they have leases on are being blocked by environmentalists, keeping them from drilling.
all of the above may be true but what you fail to mention is that the oil companies are spending anywhere from 5 times to as much as 15 times the amount of money on stock buybacks as they are spending on exploration....buybacks are designed to increase the price of the company's stock...exploration is designed to try and discover more oil...from what i see, as long as it is cheaper for the oil companies to import oil rather than explore for oil then that is what they will do
_____________________________
Ps. 122:6 Pray for the peace of Jerusalem
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RE: What I Wish I Knew About Obama - 8/11/2008 8:18:13 PM
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litfire2000
Posts: 208
Joined: 7/6/2008
Status: offline
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quote:
I'd like to know why Obama, while wanting to be President, can somehow never find it within him to say anything about how great this nation is...everything out of his mouth is about how bad we are, or how America isn't what it used to be....not exactly inspiring, IMO....
i'm 60 years old...take my word for it...America isn't what it used to be
_____________________________
Ps. 122:6 Pray for the peace of Jerusalem
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RE: What I Wish I Knew About Obama - 8/11/2008 8:23:58 PM
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saved9201
Posts: 712
Joined: 4/15/2005
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quote:
ORIGINAL: litfire2000
quote:
I'd like to know why Obama, while wanting to be President, can somehow never find it within him to say anything about how great this nation is...everything out of his mouth is about how bad we are, or how America isn't what it used to be....not exactly inspiring, IMO....
i'm 60 years old...take my word for it...America isn't what it used to be
Thank God!
- Julius
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RE: What I Wish I Knew About Obama - 8/11/2008 9:27:43 PM
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Evangel70
Posts: 551
Joined: 10/28/2006
Status: offline
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quote:
I'd like to know why Obama, while wanting to be President, can somehow never find it within him to say anything about how great this nation is...everything out of his mouth is about how bad we are, or how America isn't what it used to be....not exactly inspiring, IMO....
You won't ever hear Obama say anything positive on Fox News or talk radio. Here's a sample from one of his MANY speeches praising America.....
I have always taken my deep and abiding love for this country as a given. It was how I was raised; it is what propelled me into public service; it is why I am running for President.
For me, as for most Americans, patriotism starts as a gut instinct, a loyalty and love for country rooted in my earliest memories…I'm referring to the way the American ideal wove its way throughout the lessons my family taught me as a child….As I got older, that gut instinct – that America is the greatest country on earth – would survive my growing awareness of our nation's imperfections…in my mind, the joys of American life and culture, its vitality, its variety and its freedom, always outweighed its imperfections, but because I learned that what makes America great has never been its perfection but the belief that it can be made better.
That is why, for me, patriotism is always more than just loyalty to a place on a map or a certain kind of people. Instead, it is also loyalty to America's ideals – ideals for which anyone can sacrifice, or defend, or give their last full measure of devotion. Barack Obama
Link Here
_____________________________
May the God who gives endurance and encouragement give you a spirit of unity among yourselves as you follow Christ Jesus, so that with one heart and mouth you may glorify the God and Father of our Lord Jesus Christ.
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RE: What I Wish I Knew About Obama - 8/11/2008 9:46:27 PM
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tafkam
Posts: 2067
Joined: 9/23/2005
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Well, for the record, you won't hear it on MSNBC or CNN either, and CNN loves the guy....
_____________________________
"The nine most terrifying words in the English language are, 'I'm from the government and I'm here to help.' - Ronald Reagan
Tafkam
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RE: What I Wish I Knew About Obama - 8/11/2008 9:58:46 PM
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todd_t
Posts: 1589
Joined: 6/21/2006
From: The North Woods
Status: offline
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I agree that MSNBC is usually an Obama love-fest, but if anything, I consider that to be equal balance versus the slime machine that is Fox "News."
Not that the Dems are above criticism (their current leadership via Pelosi and Reid is pathetic), but Fox makes every day a seminar in spinning RNC talking points.
_____________________________
In Memoriam: 1st Sgt. Obediah Kolath, US Army, Died in Iraq War (1973-2005)
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RE: What I Wish I Knew About Obama - 8/11/2008 10:48:15 PM
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Dubya
Posts: 1019
Joined: 10/25/2006
From: Texas
Status: offline
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quote:
ORIGINAL: blessedinnyc
quote:
ORIGINAL: Dubya
Foreign debt is in U.S. dollars. If the dollar falls the debt is not increased at all... it remains the same in U.S. dollars. It might decrease in terms of currencies which have appreciated against the U.S. dollar or it might increase in terms of currencies which have depreciated against the U.S. dollar... but the number of U.S. dollars remain the same.
If your concern is national debt, a rising economy is the only solution. If the economy grows, the debt ratio drops. Increased taxes resulting in reduced investment and a shrinking economy will only make the situation worse.
But the real question is how much debt we have to take on to grow the economy?
My neighbor took out a home equity loan to remodel part of his house, which would increase the house's value. However, his home equity and loan value/home value decreased.
At this point, I think the wisest move is to start reducing the deficit. Yes, it will do some damage to the economy (the value of the home), but it will increase our equity (our debt will go down faster than the NPV of our economy). Equity ultimately gets increased by blood, sweat, and tears, and getting the country's balance sheet to look healthier will ultimately involve cutting spending and moderately increasing taxes.
I think you realize that the deficit is not the same as the national debt. The deficit is the short-fall of cash needed to run the government in any given fiscal year. A deficit (no matter how small) increases the debt and hence increases the service (interest payments) on the debt. If the economy goes into a recession and the service on the debt remains the same (balanced budget) or slightly increases (reduced deficit) it will require a larger percentage of the GDP than it did before leaving less discretionary funds for the social programs and international transfer of wealth that Obama plans.
Reducing the deficit is a good thing. A recession is a bad thing. As long as a reduced deficit will not plunge the economy into a recession than it would be a good thing. But what I believe could easily happen is a recession due to the required increased taxation in order to "reduce the deficit" AND a larger deficit due to an increased short-fall of revenue.
The only way there could be a reduced deficit while at the same time generating a recession is for the government to drastically reduce spending... how likely do you really think that will be?
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RE: What I Wish I Knew About Obama - 8/13/2008 9:25:26 AM
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SwedishCovenant
Posts: 606
Joined: 8/8/2008
Status: offline
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quote:
ORIGINAL: Rufas2000
quote:
I think if we could see 4 years into each potential future, presidential elections would suddenly get so much simpler.
Or much more depressing. That would be quite a feat, at least in my case.
Certain foresight would probably be a terrible curse - the only saving grace of legitimate soothsayers is that they are hardly ever believed.
"Cassandra didn't get half the kicking around she deserved". - RAH.
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