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Forums - General - Obama might be the dumbest president we have ever had.

The Ghost of RubangB on 18 March 2009
Tyrannical said:
Final-Fan said:

Uh, that doesn't ... make sense.  Whether right or wrong, if people believed it then according to your logic they would not have been surprised. 

Anyway, the reason is that people didn't wake up one day and "OMG SKY IS FALLING".  It was a relatively gradual process of things getting worse and worse.  At that point it looks at a glance like people knew that the subprime mortgages were a big problem -- perhaps they even recognized that the housing market was collapsing -- but didn't realize that would cause the financial world to implode. 

Bottom line is that your response is simple denial.  Can't you do any better?  If the WSJ was as wrong as you think, surely someone would have said so at the time. 

 I don't know what you find so difficult to comprehend. You have this article from 2007 trying to explain a collapse that didn't even happen until a year later.

At that point in time:

People saw a "housing bubble crisis" coming.

People didn't see a "global financial meltdown" coming.



twitter.com/evaneldeneller

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Final-Fan on 18 March 2009
Tyrannical said:
Final-Fan said:

Uh, that doesn't ... make sense.  Whether right or wrong, if people believed it then according to your logic they would not have been surprised. 

Anyway, the reason is that people didn't wake up one day and "OMG SKY IS FALLING".  It was a relatively gradual process of things getting worse and worse.  At that point it looks at a glance like people knew that the subprime mortgages were a big problem -- perhaps they even recognized that the housing market was collapsing -- but didn't realize that would cause the financial world to implode. 

Bottom line is that your response is simple denial.  Can't you do any better?  If the WSJ was as wrong as you think, surely someone would have said so at the time. 
I don't know what you find so difficult to comprehend. You have this article from 2007 trying to explain a collapse that didn't even happen until a year later.

In addition to tGoRB's post, I'd like to point out that what you're saying implies that the Wall Street Journal is psychic. 



Tag (courtesy of fkusumot): "Please feel free -- nay, I encourage you -- to offer rebuttal."
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My advice to fanboys: Brag about stuff that's true, not about stuff that's false. Predict stuff that's likely, not stuff that's unlikely. You will be happier, and we will be happier.

"Everyone is entitled to his own opinion, but not his own facts." - Sen. Pat Moynihan
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I have the most epic death scene ever in VGChartz Mafia.  Thanks WordsofWisdom! 

Tyrannical on 18 March 2009
Final-Fan said:

In addition to tGoRB's post, I'd like to point out that what you're saying implies that the Wall Street Journal is psychic. 

 

 The Wall Street Journal is not psychic, so stop trying to use an Oct 2007 article.



Yet, today, America's leaders are reenacting every folly that brought these great powers [Russia, Germany, and Japan] to ruin -- from arrogance and hubris, to assertions of global hegemony, to imperial overstretch, to trumpeting new 'crusades,' to handing out war guarantees to regions and countries where Americans have never fought before. We are piling up the kind of commitments that produced the greatest disasters of the twentieth century.
 — Pat Buchanan – A Republic, Not an Empire

Tyrannical on 18 March 2009
Coca-Cola said:
TheRealMafoo said:

 

What's his IQ? How about his grades in collage?

Oh yea, we don't know. He won't release that information.

we know he went to Occidental, but they won't talk about him.  wonder why.

Because it's rumored when he enrolled, it wasn't as a US citizen.

 



Yet, today, America's leaders are reenacting every folly that brought these great powers [Russia, Germany, and Japan] to ruin -- from arrogance and hubris, to assertions of global hegemony, to imperial overstretch, to trumpeting new 'crusades,' to handing out war guarantees to regions and countries where Americans have never fought before. We are piling up the kind of commitments that produced the greatest disasters of the twentieth century.
 — Pat Buchanan – A Republic, Not an Empire

TheRealMafoo on 18 March 2009
The Ghost of RubangB said:
Tyrannical said:
Final-Fan said:

Uh, that doesn't ... make sense.  Whether right or wrong, if people believed it then according to your logic they would not have been surprised. 

Anyway, the reason is that people didn't wake up one day and "OMG SKY IS FALLING".  It was a relatively gradual process of things getting worse and worse.  At that point it looks at a glance like people knew that the subprime mortgages were a big problem -- perhaps they even recognized that the housing market was collapsing -- but didn't realize that would cause the financial world to implode. 

Bottom line is that your response is simple denial.  Can't you do any better?  If the WSJ was as wrong as you think, surely someone would have said so at the time. 

 I don't know what you find so difficult to comprehend. You have this article from 2007 trying to explain a collapse that didn't even happen until a year later.

At that point in time:

People saw a "housing bubble crisis" coming.

People didn't see a "global financial meltdown" coming.

 

Ron Paul saw it in 2002.



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The Ghost of RubangB on 18 March 2009
TheRealMafoo said:
The Ghost of RubangB said:
Tyrannical said:
Final-Fan said:

Uh, that doesn't ... make sense.  Whether right or wrong, if people believed it then according to your logic they would not have been surprised. 

Anyway, the reason is that people didn't wake up one day and "OMG SKY IS FALLING".  It was a relatively gradual process of things getting worse and worse.  At that point it looks at a glance like people knew that the subprime mortgages were a big problem -- perhaps they even recognized that the housing market was collapsing -- but didn't realize that would cause the financial world to implode. 

Bottom line is that your response is simple denial.  Can't you do any better?  If the WSJ was as wrong as you think, surely someone would have said so at the time. 

 I don't know what you find so difficult to comprehend. You have this article from 2007 trying to explain a collapse that didn't even happen until a year later.

At that point in time:

People saw a "housing bubble crisis" coming.

People didn't see a "global financial meltdown" coming.

Ron Paul saw it in 2002.

So did Lyndon LaRouche.



twitter.com/evaneldeneller

Sunday Fundays

akuma587 on 18 March 2009
Final-Fan said:
TheRealMafoo said:
So the part where he said Soon Freddy, Fanny, and the banks are going to come to congress, ask for money, and the Feds are just going to print it up and give it to them means nothing to you?

That the people who are going to get the money first when it has purchasing power is Banks, Wall-street, but when that money enters circulation, inflation is going to hit, and tax everyone, the poor the most, didn't ring a bell at all? (inflation is on the rise, and won't stop for some time)

How about the part where soon the US is going to try to centrally regulate the economy, and that it's not going to work?

I guess you and I watched a different video.

(1) He said: 
...
Because at the rate we're going, we resort daily on inflating the money supply:  no matter who gets into trouble, the federal reserve opens up the line of credit, the banks come, freddie mac, fannie mae come, and also the congress goes to the fed, we run up the deficits -- all the pressure is put on the dollar. 

And in the last 35 years or so, since the breakdown of (brettin woods??) agreement, we have had a buildup of a dollar bubble.  We've heard about the housing bubble, and the NASDAQ bubble, and the various bubbles that burst and then we go through a period of suffering.  But what we're witnessing now is the beginning of the bursting of the dollar bubble, where there's loss of confidence.  We can't get away with continuing to just create new money. 
...
(my own transcription)

To argue after the fact that he was referring to a bailout is ... not something that I will believe without more an example of something more specific.  Greenspan's Fed made a habit of lowering interest rates everytime clouds covered up the sun, let alone if there was rain.  What makes you so sure he wasn't referring to this or some other thing? 

(2) I understood that to be referring to the general "use it or lose it" phenomenon of money in an inflating environment.  Spending, investing, etc. and the only ones that really lose are those who put it in a mattress or otherwise earn a return smaller than inflation on their money.  This would not be specifically referring to 'banks get the money, then businesses, and so on until the poor are left with inflated dregs'. 

(3) Ron Paul has, unless I am greatly mistaken, been on about encroaching govenment power for DECADES.  Does that make him right when it actually happens?  Yes.  Should I be amazed at his wisdom?  No. 

P.S.  Thanks for telling me where to find the tiny, tiny relevant parts in the seven minute speech. 

And ironically he is raving about inflationary pressures.  Right now economists are equally or more worried about deflationary pressures on the dollar.

Now I do agree that long-term the national debt needs to be significantly reduced or entirely eliminated or it will cause a lot of inflation (what Ron Paul is talking about).  You acheive that by cutting government spending and raising taxes.  But the middle of huge recession that is teetering on the edge of depression is not the time to start being a fiscal conservative.  Ask Herbert Hoover.

 

 



We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls.  The only thing that really worried me was the ether.  There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke

It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...."  Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson

Final-Fan on 18 March 2009
Tyrannical said:
Final-Fan said:
In addition to tGoRB's post, I'd like to point out that what you're saying implies that the Wall Street Journal is psychic.
The Wall Street Journal is not psychic, so stop trying to use an Oct 2007 article.

If the Wall Street Journal isn't psychic, then how do you explain the fact that it's got a detailed article reporting about a crisis that you claim didn't even HAPPEN until a year later? 

In your own words:  "You have this article from 2007 trying to explain a collapse that didn't even happen until a year later." OMG WSJ PLEASE TELL ME MY FUTURE!!!11



Tag (courtesy of fkusumot): "Please feel free -- nay, I encourage you -- to offer rebuttal."
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
My advice to fanboys: Brag about stuff that's true, not about stuff that's false. Predict stuff that's likely, not stuff that's unlikely. You will be happier, and we will be happier.

"Everyone is entitled to his own opinion, but not his own facts." - Sen. Pat Moynihan
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
The old smileys: ; - ) : - ) : - ( : - P : - D : - # ( c ) ( k ) ( y ) If anyone knows the shortcut for , let me know!
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I have the most epic death scene ever in VGChartz Mafia.  Thanks WordsofWisdom! 

theRepublic on 18 March 2009
Tyrannical said:
Coca-Cola said:
TheRealMafoo said:

 

What's his IQ? How about his grades in collage?

Oh yea, we don't know. He won't release that information.

we know he went to Occidental, but they won't talk about him.  wonder why.

Because it's rumored when he enrolled, it wasn't as a US citizen.

 

That rumor has been debunked many times.

http://www.factcheck.org/elections-2008/born_in_the_usa.html



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halogamer1989 on 18 March 2009
theRepublic said:
Tyrannical said:
Coca-Cola said:
TheRealMafoo said:

 

What's his IQ? How about his grades in collage?

Oh yea, we don't know. He won't release that information.

we know he went to Occidental, but they won't talk about him.  wonder why.

Because it's rumored when he enrolled, it wasn't as a US citizen.

 

That rumor has been debunked many times.

http://www.factcheck.org/elections-2008/born_in_the_usa.html

FactCheck is run by Annenburg in which Obama served on.  Open his BC from fc and save it.  Open it in a hex editor and whammo why would anyone need to use Adobe CS3 on their bc in the middle of a fierce primary.  Think about it...