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| The FEDs meet on Wednesday: What's your prediction... 25 or 50 points? (Page 4/13) |
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Vonov
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NOV 02, 11:40 AM
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| quote | Originally posted by Formula88:
According to one news source, the last time the U.S. Dollar was this low compared to the Canadian Dollar, Confederate troops were advancing on D.C. 
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Dang...and we thought no one had noticed...I guess all those Dragon Skin cloaks of invisibility we purchased for our troops (made of good ol' CSA cotton, of course) were a ripoff... 
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blackrams
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NOV 02, 11:49 AM
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| quote | Originally posted by fierobear:
Does anyone think this will help the slumping housing market? |
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Honestly, NO. There are way too many builders producing homes that folks simply can't afford. There's a glut of homes on the market and still more previously owned homes out there needing to be sold. This is IMO a market reality check and a wake up call to those that bought with the thought of re-selling to make a quick buck in the market. The stock market is taking some heavy hits because of all the foreclosures that the big banks/mortgage companies are losing their butts on. Records losses for some. The economy has to right its self at some point. It would appear that this is the point. Unless, Congress decides to do another Savings and Loan Bailout and we all know how well that worked.------------------
Ron
Never, never do anything or wear things that you don't want to have to explain to Paramedics, it can get very embarrassing. They talk!
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madcurl
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NOV 02, 02:31 PM
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Firefighter
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NOV 03, 11:49 AM
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Gee, I thought this was about the Federal Reserve??????? Foolish me. Red88FF has hijacked the topic and made it a political one.
Red88FF " I place the blame for this squarely on the Democrats" was the quote. WOW, where is the logic here? So, let's continue.
Blame a party which has been powerless for the last 6 out of 7 years? Yeah, that sounds right -WRONG! Blame a party which now has some influence because of last year's elections, which admits being ashamed of itself because it has accomplished NOTHING that it promised, Nothing GOOD OR BAD. Yeah, that sounds right- WRONG!
I agree with Red88FF that the Oil issue is our largest problem, but it's not an American political issue, it is a world wide issue. Do you think we are the only country suffering from higher oil prices????????? Think again.
And let's get our facts straight about this housing mess. The largest financial institutions in American are managed by wealthy REPUBLICANS, not the low income Democrats referred to in Red88FF prior reply. Yes, the majority of rich folks in the US are Republicans, does anyone deny that? The high level execs of these firms are super greedy and have caused this housing mess. And what's worse, they knew ahead of time that what they were doing would catch up and cause havoc, but they did it anyway; collecting their outrageous salaries and bonus pay all along knowing that it would end in disaster. Their attitude all along was - If Citibank can do something this stupid, so can we. Hell, we'll all pay a heavy price for this stupidity as a group, it will not just be me. Please do not doubt that the last two sentences are absolutely true.
And finally, the American dollars is at an all time low, as noted, even the Canadian dollar is worth more. Dollars are worthless in Europe or anywhere else in the world. I would not doubt that many countries are thinking about pegging their currency values to a nation with money actually worth something; perhaps Albania, yes why not; not so far fetched.
You can get plane tickets to Europe for a vacation but you can't afford to pay for a meal or a hotel room any more, check it out. Only the rich Republicans can afford a European vacation, not we lowly Democrats.
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 [This message has been edited by Firefighter (edited 11-03-2007).]
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Red88FF
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NOV 03, 12:05 PM
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Hmmmm, Soooo it is the republicans that have supported the eco whacko environmental leftist policies that have kept us from drilling our reserves huh? NOT! It is ABSOLUTELY a political issue! It is all about supply. It is all about oil. Oil fuels our economy and the price of EVERYTHING is tied to it. I we were drilling and refining the resources we have we would not be worrying about .25 interest drops. It is all about confidence and with oil flirting with 100 dollars a barrel it is wearing thin.
There has been no highjack here, I was simply following the course of the thread. Yes it really is a political issue. 40 years plus of control to implement these whacko policies and then not a strong enough majority to overturn them. Now we have foreigners that can influence our base economy. This is what the democrats that vote for democrats have been supporting. People need to wake up.
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madcurl
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NOV 03, 12:25 PM
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| quote | Originally posted by Firefighter:
Gee, I thought this was about the Federal Reserve??????? Foolish me. Red88FF has hijacked the topic and made it a political one.
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Hehe. Yes, the thread was about the FEDS November prediction: .25 or .50 and not a political one, but it's okay since we already know the FEDS used the .25 basis.
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Firefighter
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NOV 03, 12:42 PM
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Well golly gee again. Yes Red88FF has some good points about oil reserves, absolutely. But we all know that folks who must resort to using terms such as "WHACKO and LEFTIST" are already speaking from a flawed defensive positon. Why not just state the FACTS or your educated opinion without the derogatory terminology. It detracts from your credability and you actually HAD some.
Ed
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fierobear
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NOV 03, 12:53 PM
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| quote | Originally posted by Firefighter:
The largest financial institutions in American are managed by wealthy REPUBLICANS, not the low income Democrats referred to in Red88FF prior reply. Yes, the majority of rich folks in the US are Republicans, does anyone deny that?
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I don't know where you'd get a stat that shows that the "largest financial institutions" are managed by wealthy Republicans, but six of the ten richest in Congress are Democrats
link
The leading Democrat sure ain't poor
Pelosi is one of the richest
Besides, what do you mean when you say "largest financial institutions"? Banks? Corporations? And what do you mean by "managed"? Are you talking owners? Stockholders? Upper management? What is the significance?[This message has been edited by fierobear (edited 11-03-2007).]
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Red88FF
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NOV 03, 01:22 PM
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| quote | Originally posted by Firefighter:
Well golly gee again. Yes Red88FF has some good points about oil reserves, absolutely. But we all know that folks who must resort to using terms such as "WHACKO and LEFTIST" are already speaking from a flawed defensive positon. Why not just state the FACTS or your educated opinion without the derogatory terminology. It detracts from your credability and you actually HAD some.
Ed |
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Yes the remarks are on the inflammatory side but so what? that does not make them any less true and the truth should not be offensive, maybe embarrassing?. I know that is generally the way I feel when I realize I have been WRONG.
I do not believe there is any flaw in this position. Nor does my inflamitory remarks put my points in the past tense. They are whacks and leftists so why call it anything else?
Most democrats I know do not fit this description at all but the main party has been coddling that area of their support far too long and the effects have certainly come home to roost. This absolutely needs to be pointed out and done bluntly without kid gloves so that people will see them for what they are and distance themselves from the ideological leftist that are in control of their party. Look where we are now because of it.[This message has been edited by Red88FF (edited 11-03-2007).]
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Firefighter
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NOV 03, 07:13 PM
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I apologize to Red88 and Fierobear for getting them all riled up. I've made this none political post worse. I salute Red88's Liberterian philosopy,it's what has allowed America to become great. Fieorbear and I have had many prior interactions. But please note that I NEVER mentioned Congress, you did.I specified the greedy corporate folks !!!!!!!!!! My educated opinion of the most highly paid executive management and my previous comments still stand.
Comments formerly here have been censored by Congress!!!.
I will not reply to any rebuttals, you guys can have the last word, it is your right. But let me offer a semi light hearted short term solution to our oil problem. All Hummers and SUVs in America should be confiscated and recycled for metal used only for wind power generation. Everyone should be FORCED by government decree to buy a Prius or Honda Hybrid, or for the wealthy bastards, a Tesla. And Pontiac should be forced to start remanufacture of the original '84 Fiero with its 45-50 mpg stats.[This message has been edited by Firefighter (edited 11-03-2007).]
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