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Old 08-08-2011, 03:21 PM  
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so republicans got 98% of what they wanted from the debt deal

and the stock market plummeted and the recovery seems to be coming to a halt......

what was the other 2% they wanted? complete collapse? Taxes needed to be raised to show we are serious about cutting the deficit, we couldn't even agree to drop the subsidies for the oil companies due to republican's attitude of "no", and repeatedly the tea party has shown their main agenda is lowering taxes, not reducing the deficit, and not reducing military spending (or oil company profits), only cuts that hurt an already shrinking middle class, the group of people needed to make an economy strong.....

if america follows the tea party agenda we will be lead into destruction. We can't have real political discussions when one party is willing to "kill the hostage" if they don't get 98% of what they wanted and now we are paying the price. It may have been a slow recovery, but it was sure better then heading into another recession as it appears we will now be going into.

the credit ratings have little issue with the amount as compared to the extreme politics being played. you can't expect a restaurant to want you back if you order a bunch of food and then haggle and then scream you won't pay if you don't get the prices reduced, which is kind of what the republicans did, they racked up tons of spending which they wouldn't pay for (didn't raise taxes, didn't cut anything, couldn't be honest (hey, these wars and tax cuts, we are going to cut social security and medicare for those). Keep in mind bush took over with a surplus in the budget and left with spending increasing at an exponential level in order to spend his way out of a recession, a recession caused by a shrinking middle class earning less money while easy money was being lended to them in a predatory manner (which republicans ARE STILL FIGHTING AGAINST REFORM so that consumers actually know the risk of financial agreements and other policies to have business act in a"fair business" type of way.

goodbye america, the tea party is out to destroy you....


when fascism comes to America it will be draped in a flag and carrying a cross......
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Old 08-08-2011, 03:51 PM  
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Originally Posted by RedJeepXJ View Post
and the stock market plummeted and the recovery seems to be coming to a halt......

what was the other 2% they wanted? complete collapse? Taxes needed to be raised to show we are serious about cutting the deficit, we couldn't even agree to drop the subsidies for the oil companies due to republican's attitude of "no", and repeatedly the tea party has shown their main agenda is lowering taxes, not reducing the deficit, and not reducing military spending (or oil company profits), only cuts that hurt an already shrinking middle class, the group of people needed to make an economy strong.....

if america follows the tea party agenda we will be lead into destruction. We can't have real political discussions when one party is willing to "kill the hostage" if they don't get 98% of what they wanted and now we are paying the price. It may have been a slow recovery, but it was sure better then heading into another recession as it appears we will now be going into.

the credit ratings have little issue with the amount as compared to the extreme politics being played. you can't expect a restaurant to want you back if you order a bunch of food and then haggle and then scream you won't pay if you don't get the prices reduced, which is kind of what the republicans did, they racked up tons of spending which they wouldn't pay for (didn't raise taxes, didn't cut anything, couldn't be honest (hey, these wars and tax cuts, we are going to cut social security and medicare for those). Keep in mind bush took over with a surplus in the budget and left with spending increasing at an exponential level in order to spend his way out of a recession, a recession caused by a shrinking middle class earning less money while easy money was being lended to them in a predatory manner (which republicans ARE STILL FIGHTING AGAINST REFORM so that consumers actually know the risk of financial agreements and other policies to have business act in a"fair business" type of way.

goodbye america, the tea party is out to destroy you....


when fascism comes to America it will be draped in a flag and carrying a cross......
What's really scary is that most Americans are too stupid to see it. Too busy with polishing our boats and watching QVC and dancing with the stars. Agh shut up!
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Old 08-08-2011, 03:56 PM  
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Originally Posted by RedJeepXJ View Post
and the stock market plummeted and the recovery seems to be coming to a halt......

what was the other 2% they wanted? complete collapse? Taxes needed to be raised to show we are serious about cutting the deficit, we couldn't even agree to drop the subsidies for the oil companies due to republican's attitude of "no", and repeatedly the tea party has shown their main agenda is lowering taxes, not reducing the deficit, and not reducing military spending (or oil company profits), only cuts that hurt an already shrinking middle class, the group of people needed to make an economy strong.....

if america follows the tea party agenda we will be lead into destruction. We can't have real political discussions when one party is willing to "kill the hostage" if they don't get 98% of what they wanted and now we are paying the price. It may have been a slow recovery, but it was sure better then heading into another recession as it appears we will now be going into.

the credit ratings have little issue with the amount as compared to the extreme politics being played. you can't expect a restaurant to want you back if you order a bunch of food and then haggle and then scream you won't pay if you don't get the prices reduced, which is kind of what the republicans did, they racked up tons of spending which they wouldn't pay for (didn't raise taxes, didn't cut anything, couldn't be honest (hey, these wars and tax cuts, we are going to cut social security and medicare for those). Keep in mind bush took over with a surplus in the budget and left with spending increasing at an exponential level in order to spend his way out of a recession, a recession caused by a shrinking middle class earning less money while easy money was being lended to them in a predatory manner (which republicans ARE STILL FIGHTING AGAINST REFORM so that consumers actually know the risk of financial agreements and other policies to have business act in a"fair business" type of way.

goodbye america, the tea party is out to destroy you....


when fascism comes to America it will be draped in a flag and carrying a cross......
So let me get this correct.... Your saying that it's only the Tea Party and the Republicans for the stock market dropping and the recovery failing?
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Old 08-08-2011, 04:44 PM  
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If it wasn't the Tea Party, they would be blaming Bush.

It's everyone's fault except you know who! Excuse me while I wax my boats now.
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Old 08-08-2011, 04:56 PM  
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Originally Posted by MRB View Post
So let me get this correct.... Your saying that it's only the Tea Party and the Republicans for the stock market dropping and the recovery failing?
Both Democrats and the Teapublicans had political agendas tied to the debt ceiling issues. It served Obama's and Reid's interests to establish a stable, long-term plan. It served Boehner's and McConnell's interests to repeat this fiasco as many times as possible before the next election. From a purely economic perspective, stability is generally preferable to volatility. The people recognize this, and place greater blame on the party seeking the more volatile position.
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Old 08-08-2011, 05:21 PM  
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Originally Posted by rivalarrival View Post
Both Democrats and the Teapublicans had political agendas tied to the debt ceiling issues. It served Obama's and Reid's interests to establish a stable, long-term plan. It served Boehner's and McConnell's interests to repeat this fiasco as many times as possible before the next election. From a purely economic perspective, stability is generally preferable to volatility. The people recognize this, and place greater blame on the party seeking the more volatile position.
It is true economic stability is perferred. It's only good business. But to say that the Republicans and the Tea Party are the only reasons for a falling stock market and failing rercovery IMO is a little short sighted.
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Old 08-08-2011, 05:45 PM  
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Originally Posted by MRB View Post
So let me get this correct.... Your saying that it's only the Tea Party and the Republicans for the stock market dropping and the recovery failing?
Yes, and this is not a partisan idea either, this is the first time (as far as I am aware) that we as a country have seriously threatened to not pay our bills, I get them arguing for lower spending, but you don't do that by threatening to let the country default, this "gun to the head" negotation crap will get our credit rating lowered. If they had not played this gamble, would the republicans got as much cuts? probably not, would the credit rating have been reduced? probably not. so who is to blame for this? well which party played the game of chicken with the economy and who was forced to?

I don't see how you can possibly blame this on democrats, no matter how you warp it it the credit downgrade that happened NOW lies solely on the republicans who failed to raise the debt limit without threatening and seemingly willingly letting the country go into default.

to put this in a better analogy, if you can't pay a car loan do you try to work out better terms before you stop paying, or what until about to go into default and demand better terms or you will destroy the collateral property (the car)? the tea party demanded the latter and the democrats caved, republicans got their better terms, but are you gonna want to lend to them again? (I realize these analogies aren't perfect, but what the republicans did goes far above standard politics and was quite a gamble and now we are paying)
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Old 08-08-2011, 09:35 PM  
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anybody see the QVC specials this week? AWESOME! I bought two.
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Old 08-09-2011, 10:34 AM  
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Originally Posted by RedJeepXJ View Post
to put this in a better analogy, if you can't pay a car loan do you try to work out better terms before you stop paying, or what until about to go into default and demand better terms or you will destroy the collateral property (the car)? the tea party demanded the latter and the democrats caved, republicans got their better terms, but are you gonna want to lend to them again? (I realize these analogies aren't perfect, but what the republicans did goes far above standard politics and was quite a gamble and now we are paying)
Funny that this doesn't seem to be what S&P referenced as the problem. S&P recognizes the problem and sees no viable plan to resolve it, each party wants compromise toward its position with no true resolution of the deficit/debt. If it's unresolvable now where will it be by 2020, that's the real problem. Obama is still talking of things he wants to do, which is obamaspeak for more spending.
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Old 08-09-2011, 10:55 AM  
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Originally Posted by havasu View Post
If it wasn't the Tea Party, they would be blaming Bush.

It's everyone's fault except you know who! Excuse me while I wax my boats now.
Nah both are to blame as are the dems, but mostly the TBs and Bush!
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