Forums: Discussions for entrepreneurs and small business.

Good Ole’ Joe let the cat out of the bag.  It appears Hussein has been simply guessing about his economic plan the whole time.  Who knew?

 

Biden said Sunday that "everyone guessed wrong" on the impact of the economic stimulus.  We should at least give the guy credit for admitting Obama has been “guessing” the whole time.  Still, even rolling a six-sided dice (with one side saying to “do nothing”) should yield a decent decision once in a while.  Does this mean my kids won’t have to repay part of the $787 billion?  And, is it really a “plan” if they are flipping coins in the white house?

 

http://www.usatoday.com/news/washington/2009-06-14-biden-stimulus-jobs-economy_N.htm

 

Combine this with the nonsense concept of a job being “saved” and you get an even better picture of just how bizarre Hussein-World has gotten.  I know what it means to lose a job or create a new job.  If I just KEEP my job, does Hussein get credit for that too?  Alice in Wonderland could not make this stuff up.

-------------------------

James Lindon, Ph.D. Patent Attorney
Lindon & Lindon, LLC
Cleveland, Ohio
Patents, Trademarks, Copyrights, Pharmacy Law, Litigation
[this is not legal advice - provided for discussion only]
Intellectual Property for the Individual and Small Business: Identify, Protect, Enforce, Defend.
"Fools rush in where angels fear to tread."
http://www.LindonLaw.com

-------------------------

The older we get, the more excuses we make for not chasing after our dreams. But truth is, goals are attainable at any age.

-------------------------

The older we get, the more excuses we make for not chasing after our dreams. But truth is, goals are attainable at any age.

Why not call it Obama World? Every other president is addressed by his surname.

Obviously, your choice of words comes from some deeper more personal opinion than the topic you discussed.There can be no serious discussion with someone who speaks using the language of xenophobia and racism.





-------------------------

sweetdreambed.com

Luxury Children`s Furniture & Theme Decor

xenophobia - extra points for working that in on the conversation.

 

Actually, Barney Frank`s love connection with Fannie Mae and Maxine Waters got the bomb rolling by forcing lenders to loan money to low income people that they knew could not pay the money back.  Hussein world takes the blame because dude wants to loan EVEN MORE. 

 

http://newsbusters.org/blogs/noel-sheppard/2008/10/11/maxine-waters-caught-lying-about-fannie-mae-ties-real-time

 

http://www.businessandmedia.org/printer/2008/20080924145932.aspx

 

-------------------------

James Lindon, Ph.D. Patent Attorney
Lindon & Lindon, LLC
Cleveland, Ohio
Patents, Trademarks, Copyrights, Pharmacy Law, Litigation
[this is not legal advice - provided for discussion only]
Intellectual Property for the Individual and Small Business: Identify, Protect, Enforce, Defend.
"Fools rush in where angels fear to tread."
http://www.LindonLaw.com

Back a few years, the Republican party was in total control of all three branches of the administration. And they gave us the prescription drug bill, which will soon cost more than the entire Social Security liability.

The problem isn`t necessarily a Democrat-controlled government, it`s a one-party system without ANY checks or balances.

From appearances, Obama and the current congress will likely wipe out what we`ve come to know as America, if they continue along the current high-speed path to derailment. And yet, half the population fully believes that everything taking place is a good thing.

To find out how we ended up with the deficits means researching economics, and learning something about the entire field. How many people are willing to do that, these days? Instead, how many people prefer to read short news articles, or hear sound-bytes given in 30 seconds on "headline news."

Consider the current Cap-And-Trade bill that`s passed the House, and is now up before the Senate. All we hear in the daily news is that the Democrats and Mr. Obama believe it`s a leading-edge way to double the production of alternative energy.

Republicans, so say the news blurbs, believe that it will cost Americans jobs. That`s all. "He says this, They say that." No details, no analysis, no examination, no nothing!

Conservative talk-show hosts get into the details, but most liberals and average people believe those conservatives are useless, providing no real information. Yet those nay-sayers prefer not to go get their own information.

Currently, the US gets about 1% of its energy from wind, an alternative energy system. Doubling that would give us 2% of our energy needs. Well, let`s just go out and celebrate!

Yet for years, congress (often a Democrat majority or heavy membership) has blocked new oil drilling, nuclear development, clean coal, fusion, and other viable ways to increase energy.

Is any of that under discussion? Nope. Michael Jackson is the key story about how our lives will be affected in the future.

Whether the administration is guessing, or they`re being manipulative on a Machiavellian stage doesn`t really matter. We, the American people are just too busy to worry about that sort of stuff. We don`t care. We want our credit cards, refrigerators, microwave ovens and color Tee Vees. That`s what counts.

The fact is that Congress removed the Glass-Steagall Act during the Clinton administration. That allowed banks to sell mortgage-backed securities all around the world. It allowed banks to sell student loans and car loans to pension funds everywhere, here in America and anywhere overseas.

It ALSO allowed banks to use the same amount of money to repeatedly loan out again and again, over and over again, with only an 8% or less reserve of Actual money. It`s a Ponzi scheme on the most massive level ever before seen in all of known history.

The bill to repeal Glass-Steagall Act was introduced jointly in 1999, by Phil Gramm (R-Texas), and Jim Leach (R-Iowa). Without that action and the consequent passage, we wouldn`t have the catastrophic financial collapse we now are facing.

Were they just guessing? Mr. Obama, and most presidents and congressmen have no education at all in economics. They had no clue what would ensue following the introduction of these new forms of securitized loans. They "just guessed" that it would all work out in the end.

Mr. Obama has never run anything - not even a dairy queen.  it`s not surprising he`d be guessing on just about everything.

-------------------------

James Lindon, Ph.D. Patent Attorney
Lindon & Lindon, LLC
Cleveland, Ohio
Patents, Trademarks, Copyrights, Pharmacy Law, Litigation
[this is not legal advice - provided for discussion only]
Intellectual Property for the Individual and Small Business: Identify, Protect, Enforce, Defend.
"Fools rush in where angels fear to tread."
http://www.LindonLaw.com

Contrary to popular belief here, Mr. Obama is not sitting in the White House all by himself.  He has surrounded himself with a team of economic advisers.  They put together a program that he presents to Congress.  Congress then has to approve the program.  So, President Obama does not have the God like power you all keep crediting him with.  Nor, did Bush have the God like power to destroy the economy.

Also, low income families who received home loans under the Community Redevelopment Act are not the driving force behind the foreclosure crisis.  These loans had tight controls.  As a result, only ONE PERCENT of those loans have gone into default.  The major portion of the loans that are in default went to middle income families.  They either took out ARM`s without understanding the repayment terms or lost their jobs.

Further, approximately 80 percent of the ARM`s are still performing.  That means 80 percent of the people that took out ARM`s are still paying on them.  And, they are in their homes.



-------------------------

The older we get, the more excuses we make for not chasing after our dreams. But truth is, goals are attainable at any age.

It isn`t the 80% of valid loans that matter. What matters is that a single bank can loan, then re-loan the same money many multiple times. As soon as the loan clears the bank, they sell it to an investment bank, which then securitizes it and sells it on the open markets.

Any bank only needs less than 8% of its deposits in reserve. That means more than 90% of their money goes into loans. And each loan is securitized over and over and over again, always paying the original bank back its money (which they loan out again).

The loans that went into default in September were only the very last few in the freight train that had come before, since 1999. That`s why 40% of the *world* capital went up in smoke.

No president has the power to single-handedly control the economy, or much of anything else. But only a handful of world-level investment banks can easily control huge percentages of the world`s money supply. And without money, what`ve we got?