Article

2009-06-21 Economy

Why Obama's big economic gamble is failing

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Posted by g(r)omgoru 2009-06-21 05:48|| || Front Page|| [11129 views ] Top

#1 I have noticed that among those 80 and older that they have begun to stockpile canned goods. The reason being that just before the great depression things were as they are now. Next they say cash will become difficult to secure then you know what follows. Most young people I talk to can't put back now.

Posted by Dale 2009-06-21 10:28|| 2009-06-21 10:28|| Front Page Top

#2 Plenty of rice and kippers, Bybel en Mauser.
~<(:-)

Posted by Besoeker 2009-06-21 12:03|| 2009-06-21 12:03|| Front Page Top

#3 If the government has more control over more economic activity than it had before, it isn't a failure in the statist's scorebook, is it?

Posted by eLarson 2009-06-21 14:37|| 2009-06-21 14:37|| Front Page Top

#4 Much of the crisis was already in motion when O was inaugurated. No matter what could have been done (by anyone), it would have gotten worse before it improved, and it would take quite a while to improve. I wouldn't say O gambled, but that he is trying the impossible, using the same methods that created the crisis to solve it, such as trying to keep ridiculously high housing prices inflated. O is relying on the same executive talent that created the problem and proved incapable of understanding what they were wreaking until it was far too late. Cap-&-trade can only impede economic growth. You can't get enough of what you don't need/want.

Posted by Anguper Hupomosing9418 2009-06-21 15:08|| 2009-06-21 15:08|| Front Page Top

#5 And to this we must recall Rahm's admonition "Never waste a good crisis."

Posted by Besoeker 2009-06-21 15:16|| 2009-06-21 15:16|| Front Page Top

#6 The obvious answer to this is more regulation, government healthcare, nationalized industries, and on and on.
/sarcasm

Posted by Rambler in Virginia">Rambler in Virginia 2009-06-21 16:55|| 2009-06-21 16:55|| Front Page Top

#7 After all it worked so well for ZimBOB right?

Next thing you know Bambi will be seizing '~~white~~ Stockholder owned' companies and transferring ownership to his buddies from Chicago... you know the ones who haven't worked an honest day in their lives but think they should be given a chance.

Posted by CrazyFool 2009-06-21 17:18|| 2009-06-21 17:18|| Front Page Top

#8 Well that's a real shock to me!

Throwing good money after bad, and then making bad currency will surely change things...

/sarcasm.

When will they learn that money REPRESENTS the economy? What their doing is like trying to steer a ship by holding a magnet near the compass...

Posted by Bright Pebbles 2009-06-21 18:08|| 2009-06-21 18:08|| Front Page Top

#9 Dale:

You don't have to be 80.

Obama is picking the best of some bad options. He can ignore the $14 Trillion in wealth disapearing, or work the money pump.

If he ignores the problem, we get deflation and massive unemployment like the great depression.

If he floods with money, he has the problem problem of sopping up the excess when the economy recovers (Massive inflation, starving pensioners)

The best he can hope for is a carter like stagflation, which makes him a one term president.

Posted by flash91 2009-06-21 19:01|| 2009-06-21 19:01|| Front Page Top

#10 The problem is that people like Presidents Clinton, Bush, the Big O, Dodd, Frank, et al, created this crisis as a byproduct of very bad legislation. Wall Street and the banks ran with it. Govt regulators were in bed with the Congress, President, Wall Street, and the Banks.

It is an ince$tous relationship, and what else do you expect from this unholy alliance? It will get worse until the cast of characters causing this crisis is removed from office. Otherwise we just go zimbob. Stockpile rice, wheat, canned goods, etc etc. It is responsible in many ways.

Posted by Alaska Paul back home 2009-06-21 19:20|| 2009-06-21 19:20|| Front Page Top

#11 I have always stockpiled kippers. Mmmmmmmmmmm...

Posted by no mo uro 2009-06-21 20:35|| 2009-06-21 20:35|| Front Page Top

#12 Next thing you know Bambi will be seizing 'white Stockholder owned' companies and transferring ownership to his buddies from Chicago...

Ummmm, General Motors?

Posted by Redneck Jim 2009-06-21 20:36|| 2009-06-21 20:36|| Front Page Top

#13 We southerners have always believed in a well stocked Pantry.

You never know.

Posted by Redneck Jim 2009-06-21 20:38|| 2009-06-21 20:38|| Front Page Top

#14 Along the same theme as well as a well stocked pantry, we always keep some cash on hand, (Real green stuff, not checks) sometimes the Banks simply are NOT available.

Power out, severe storms, Truck not running, Tornado, roof missing, computers down, etc.

By the samee token, have some gasoline stored, if power's out, so are gas station's pumps. WalMart registers, Traffic lights, and so forth.

5 gallons is plenty.

Posted by Redneck Jim 2009-06-21 20:49|| 2009-06-21 20:49|| Front Page Top

#15 RJ - do you know how long gasoline will last (with the addition of an additive to lengthen its usefulness, of course)? I store gas for the generator, but even with test-running the generator, I can go years without using up the gas unless we get a bad storm.

That's the main reason I have only a one-gallon can of gas stored.

Posted by Barbara Skolaut">Barbara Skolaut 2009-06-21 21:32|| 2009-06-21 21:32|| Front Page Top

#16 I have kept gas with Sta-bil preserving it for 2 years, both in the gas tank & in a 5-gal can, it was able to start both my tiller & brush shredder right off. You need to add it as soon as you buy the gasoline.

Posted by Anguper Hupomosing9418 2009-06-21 23:39|| 2009-06-21 23:39|| Front Page Top

#17 I keep 12-15 gallons of water stored at all times against power outages in winter and tornado outages in summer. But I get distilled water -- not as healthy as the regular stuff, I know -- and use it for ironing. Thus my stored water is rotated through, and never is stored long enough to go bad. Barbara, how about using your gasoline stash to fill the lawn mower and top off the car, that way you could rotate it every few weeks.

Posted by trailing wife">trailing wife 2009-06-21 23:57|| 2009-06-21 23:57|| Front Page Top

23:57 trailing wife
23:54 Broadhead6
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23:39 Anguper Hupomosing9418
23:29 Dan
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23:16 Titus Thraque8082
22:33 whatadeal
22:23 Rambler in Virginia
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22:11 trailing wife
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21:58 JosephMendiola
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21:32 Barbara Skolaut
21:11 Redneck Jim