President Barack Obama - Term 1 and 2 Thread

[The Sushi Hunter]

This is a dangerous president. Electing him twice will be the end of America. Welcome to the USSA.

The most dangerious and damaging to America is the BOzo voters and supporters. Those are the creeps to be concerned about the most.

Yea, you know it all, don't you?

Yeah, you feel the same way about us. Same thing different reasons.

[slucero]

The most dangerous to America are those who still believe the POTUS is actually in charge.... of anything...

Richard Fisher of the Dallas Fed remains openly dubious about the chance of QE3 effectively lowering unemployment and sparking the economy. He repeated that in a terrific speech before the Harvard Club in New York on Wednesday.



Since 1879, every chapel service at the Naval Academy concludes with a hymn that contains the following plea: “O hear us when we cry for Thee, for those in peril on the sea.” We cry for a nation that is in peril on the blustery seas of the economy. Our people are drowning in unemployment; our government is drowning in debt. You—the citizens and voters sitting in this room and elsewhere—are ultimately in command of the fleet that sails under the flag of the United States Congress. Demand that it performs its duty.


"Just recently, in a hearing before the Senate, your senator and my Harvard classmate, Chuck Schumer, told Chairman Bernanke, “You are the only game in town.” I thought the chairman showed admirable restraint in his response. I would have immediately answered, “No, senator, you and your colleagues are the only game in town. For you and your colleagues, Democrat and Republican alike, have encumbered our nation with debt, sold our children down the river and sorely failed our nation. Sober up. Get your act together. Illegitimum non carborundum; get on with it. Sacrifice your political ambition for the good of our country—for the good of our children and grandchildren. For unless you do so, all the monetary policy accommodation the Federal Reserve can muster will be for naught."

[hoagiepete]

So Obama falls flat on his face in the Univision Townhall thing yesterday and now we get this...

Wednesday afternoon, the Commission on Presidential Debates quietly posted a press release announcing the topics for the first presidential debate in Denver on October 3. What the commission didn't say is that this may be the first time in history presidential candidates have been given the topics of a debate ahead of time.

"We had been thinking about this for awhile," says CPD executive director Janet Brown. "CPD's intention is to have the candidates come prepared for a more in-depth conversation."

But some say the release of topics sets a bad precedent.

Though specific questions were not given, debate moderator Jim Lehrer of PBS NewsHour announced the topics of the questions on the commission Web site, saying that three questions will be on the economy, one on health care, one on the role of government and one on governing.

He can't use a teleprompter in the debates so they decide a heads up on the topics at hand will save him. What bullshit CPD.

They ought to hook them both up to the Cliff Claven Electric (wireless fence) Dog collar and zap their ass everytime they answer a question with a canned response that has nothing to do with the question. Same for every politico guest on Sunday morning tv.

SSZZZT! ZZZT. Awesome!

http://www.youtube.com/watch?v=KZag1zlecGI

[The Sushi Hunter]

It's so quite we can almost hear a pin dropping now.

[The Sushi Hunter]

It's so quite we can almost hear a pin dropping now.

Yep, Mitt let them stew in their vile bile and then drops a 4 Million Charitable Contribution on them. That'll shut Dirty Harry up real quick. Probably not Behshad though, he's working on a not so witty response and when he finds one on DailyKos he'll post it here.

Yeah, either that or they're still in session with their shrink.

[conversationpc]

Comment from Australia's government Treasurer and part 2IC:

Mr Swan this morning told a Sydney Financial Services Council event that the biggest dangers to the global and Australian economies were declines in Europe and America, the world's largest economy.

"Let's be blunt and acknowledge the biggest threat to the world's biggest economy are the cranks and crazies that have taken over the Republican Party," said Mr Swan.

Pointing to a stalemate over the US Budget earlier this year Mr Swan said, "Despite President Obama's goodwill and strong efforts, the national interest was held hostage by the rise of the extreme right Tea Party wing of the Republican Party.

"The consequences were grave.

"There can be few things more alarming in public policy than a political movement which was genuinely prepared to see the US government default on its obligations in order to score a political point ... fast forward to today, against the backdrop of a very close presidential campaign, and global investors are once again keenly focused on political gridlock in the US."

Mr Swan today stood by his comments and said an example of "inflammatory" would be the United States in default.

"That would have very serious implications for the global economy. It's the last thing the global economy needs" the Treasurer told reporters.

Andrew, this guy is blowing smoke out of his ass. Both Republicans and Democrats have contributed. However, the Dems still want to put the pedal to the floor on spending. I think the tipping point and the biggest factor, however, is the Fed. They are printing money like it's going out of style and it's devaluing the dollar and will end up causing skyrocketing inflation. That's not a Democratic or Republican issue. The Fed has become the defacto fourth branch of government here.

[RedWingFan]

Ahem, show us where Mitt cheated on his taxes.

Ahem, show me his tax records and I will show you

[The Sushi Hunter]

Ahem, show us where Mitt cheated on his taxes.

Ahem, show me his tax records and I will show you

Anticipation.....is making me wait.

[RedWingFan]

I'm still waiting for one of the Dittoheads to attempt to justify Romney not releasing his tax records. Not one candidate running for President post-WW II has NOT released that information.

This should be great. I've got my popcorn. Please, let the blithering begin!

[slucero]

Ahem, show us where Mitt cheated on his taxes.

Ahem, show me his tax records and I will show you

That would be like trying to prove GM made a profit by actually selling cars to people...

[The Sushi Hunter]

I'm still waiting for one of the Dittoheads to attempt to justify Romney not releasing his tax records. Not one candidate running for President post-WW II has NOT released that information.

This should be great. I've got my popcorn. Please, let the blithering begin!

Real popcorn like how grandpa used to make over the stove in a pot or that microwaved shit?

[Memorex]

This has got to be the dumbest article I have ever read in my 46 years.

http://www.huffingtonpost.com/2012/09/21/mitt-romney-pwc-letter-reid_n_1904543.html

My only thought is that if someone in Romney's position did not take full advantage of whatever the tax law allowed, I would not want them even close to running for president. Cause they would be idiotic and an imbecile.

When I read that the Obama's each gifted the maximum dollars to the children to lower their tax rate, I thought well yeah, I'd do that shit too. Nobody wants to give the fraudulent, wasteful federal government more of THEIR money.

So Romney says he wants to close the tax loopholes. Cool. Open them, close them, whatever. Just so long as you file accurately and honestly. And the only people that should be elected to public office are those that are smart enough to pay the lowest tax rate possible.

I do agree that he did the charity trick. But whatever. At least someone who needs it most got the money.

[AR]

This has got to be the dumbest article I have ever read in my 46 years.

http://www.huffingtonpost.com/2012/09/21/mitt-romney-pwc-letter-reid_n_1904543.html

The Huffington Post is very left leaning so this is not a surprise.

[conversationpc]

Harry Reid owes Mitt Romney a big apology right now. In all this talk about Romney's taxes, Reid's been the biggest scumbag.

[steveo777]

Some people I know, who are not on my side of the fence, are predicting that Romney will amend his tax returns after the election and get some of his money back, especially if he loses. Apparently they think they are clairvoyant. These are the same nut sacks who were alluding to him being a tax evader. Now that they have lost that straw to hang onto, what will they think of next? Are these the same nuts who believe our government engineered the fall of the WTC on 9/11?

[slucero]

Some people I know, who are not on my side of the fence, are predicting that Romney will amend his tax returns after the election and get some of his money back, especially if he loses. Apparently they think they are clairvoyant. These are the same nut sacks who were alluding to him being a tax evader. Now that they have lost that straw to hang onto, what will they think of next? Are these the same nuts who believe our government engineered the fall of the WTC on 9/11?

just the same nuts who believed the Gulf of Tonkin Indecent was engineered by the government to start the Vietnam War... oh wait... it was... lemme try again...

just the same nuts who believed the Shah of Iran was put in power by the US gov. , after the CIA engineered the overthrow of the freely elected Iranian Prime Minister in a democratic Iran....oh wait... the Shah was put in power by the US gov...


yep... those nuts..

[The Sushi Hunter]

Behshad's MIA, I've never seen him gone this long before, especially from this thread. I'm starting to worry.

Hey Beshshad, before you jump off a bridge or something, go out and get yourself some pu........sushi. Knee deep in sushi has always helped me during times of sudden sadness and despair....losing a job, getting a speeding ticket, getting a root canal the next day, etc. etc. So hang in there buddy and go out and get yourself a good healthy shot of sushi and that should at least help you out alittle bit.

[Andrew]

Andrew, this guy is blowing smoke out of his ass. Both Republicans and Democrats have contributed. However, the Dems still want to put the pedal to the floor on spending. I think the tipping point and the biggest factor, however, is the Fed. They are printing money like it's going out of style and it's devaluing the dollar and will end up causing skyrocketing inflation. That's not a Democratic or Republican issue. The Fed has become the defacto fourth branch of government here.

Probably a majority of folks here in OZ only hear about these wacky things the Tea Party is doing, so I'm interested here Dave in why the Fed is in this position....

[slucero]

Andrew, this guy is blowing smoke out of his ass. Both Republicans and Democrats have contributed. However, the Dems still want to put the pedal to the floor on spending. I think the tipping point and the biggest factor, however, is the Fed. They are printing money like it's going out of style and it's devaluing the dollar and will end up causing skyrocketing inflation. That's not a Democratic or Republican issue. The Fed has become the defacto fourth branch of government here.

Probably a majority of folks here in OZ only hear about these wacky things the Tea Party is doing, so I'm interested here Dave in why the Fed is in this position....

When you read that book Drew.. the Fed (and central banking in general) will make more sense..

A couple of things most Americans don't know about the "Federal Reserve":

1. The Federal Reserve is not a government institution
2. The Federal Reserve is a private corporation, comprised of 8 -12 private banks
3. The Federal Reserve issues stock.. but only member banks can own it.

sounds fishy eh?

[Memorex]

Andrew, this guy is blowing smoke out of his ass. Both Republicans and Democrats have contributed. However, the Dems still want to put the pedal to the floor on spending. I think the tipping point and the biggest factor, however, is the Fed. They are printing money like it's going out of style and it's devaluing the dollar and will end up causing skyrocketing inflation. That's not a Democratic or Republican issue. The Fed has become the defacto fourth branch of government here.

Probably a majority of folks here in OZ only hear about these wacky things the Tea Party is doing, so I'm interested here Dave in why the Fed is in this position....

Just curious Andrew - What are the "wacky" things you are talking about and are they more or less "wacky" than the occupy supporters?

[conversationpc]

Andrew, this guy is blowing smoke out of his ass. Both Republicans and Democrats have contributed. However, the Dems still want to put the pedal to the floor on spending. I think the tipping point and the biggest factor, however, is the Fed. They are printing money like it's going out of style and it's devaluing the dollar and will end up causing skyrocketing inflation. That's not a Democratic or Republican issue. The Fed has become the defacto fourth branch of government here.

Probably a majority of folks here in OZ only hear about these wacky things the Tea Party is doing, so I'm interested here Dave in why the Fed is in this position....

Just curious Andrew - What are the "wacky" things you are talking about and are they more or less "wacky" than the occupy supporters?

Media bias...You'd never know that the Occupy movement has been responsible for far more malicious activity than anything that's ever been done by the Tea Party folks and, by the way, I'm not a fan of them, either. However, there've been literally thousands of arrests of Occupy members causing and inciting violence, rapes, destruction of property, assaults, etc. There've been maybe a handful of arrests at Tea Party demonstrations but you'd never know it thanks to our "unbiased" media here.

The Fed's in this position because presidents Bush and Obama have basically given them free reign to print money ad infinitum and there's been no oversight of their activities at all. That's why the "Audit the Fed" bill is starting to gain some traction in Congress, as well it should.

[slucero]

Andrew, this guy is blowing smoke out of his ass. Both Republicans and Democrats have contributed. However, the Dems still want to put the pedal to the floor on spending. I think the tipping point and the biggest factor, however, is the Fed. They are printing money like it's going out of style and it's devaluing the dollar and will end up causing skyrocketing inflation. That's not a Democratic or Republican issue. The Fed has become the defacto fourth branch of government here.

Probably a majority of folks here in OZ only hear about these wacky things the Tea Party is doing, so I'm interested here Dave in why the Fed is in this position....

Just curious Andrew - What are the "wacky" things you are talking about and are they more or less "wacky" than the occupy supporters?

Media bias...You'd never know that the Occupy movement has been responsible for far more malicious activity than anything that's ever been done by the Tea Party folks and, by the way, I'm not a fan of them, either. However, there've been literally thousands of arrests of Occupy members causing and inciting violence, rapes, destruction of property, assaults, etc. There've been maybe a handful of arrests at Tea Party demonstrations but you'd never know it thanks to our "unbiased" media here.

The Fed's in this position because presidents Bush and Obama have basically given them free reign to print money ad infinitum and there's been no oversight of their activities at all. That's why the "Audit the Fed" bill is starting to gain some traction in Congress, as well it should.

The Fed is considered an independent central bank because its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government, it does not receive funding appropriated by Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms. However, the Federal Reserve is subject to oversight by Congress, which periodically reviews its activities and can alter its responsibilities by statute.

The Feds decisions are its own... and the government legally gave the Fed autonomy when it created it in 1913.

The Fed has one master.. the banks... and the eveidence that it only serves the banks is insanely obvious by simply looking at the Feds balances sheet....

The US economy is a 14 Trillion dollar economy..

The Fed has expanded its own balance sheet by nearly 3 Trillion... buying up "assets" to prop up their values, and in turn propping up stock prices..
The Fed has also pumped roughly 12 Trillion dollars into central banks around the world, because the debt & solvency problems in the US are also the worlds debt and solvency problems.


The kicker is THIS. The USD is the reserve currency of the WORLD. What does that mean? Post WWII, all the nations of the world gathered in Bretton Woods, NH, and it was decided then that (because the world economies were destroyed, and the US was the only strong economy LEFT) that the USD would become the "global reserve currency", with the US pledging Ft. Knox GOLD to back its value. Member nations would be able to redeem the USD they held for gold at any time. This created the CONFIDENCE in the USD since "it was as good as gold"... and member nations then severed their own gold - to currency ties... and simply used the USD as "their" gold, to back their currencies..

Late in the 60's, nations started asking to exchange their USD reserves for gold... and that would have killed the USD value-wise.. and the currency advantage for the US... so in 1973, Nixon severed the link between gold and the USD.. this made the USD a "fiat" currency.. essentially worth only the paper it was printed on in real value, and only worth what 2 parties AGREED it was worth in perceived value..

Remember - currency that is only backed by the confidence 2 parties have in it as a medium of exchange is very, very risky. Should one party decide using dollars is too risky.. poof.. currency is dead. Currency back with anything, gold, bananas, cows, etc.. has REAL value, and will retain it. the USD has nad no real value since 1973.

Now the Fed is expanding the money pool (printing more dollars).. that have nothing backing them "real value" wise... at some point, folks who invest will begin to question the value anything valued in US dollars..

That is why gold is so high when valued in USD.. and why it will likely climb higher... but not because it is more "valuable"... gold has always had the same "real value", because it's gold... the rise in the USD price (perceived value) of gold is directly related to the FALL in the perceived value of the USD in what it can be exchanged for - bananas, cows, etc.. and yes, GOLD. It takes more dollars to by the same thing... the price of gold is the mirror, reflecting that loss of the dollars perceived value. Eventually when that confidence in the perceived value is lost... the currency's usefulness is also.

And now, because the Fed last Thursday guaranteed they will continue expanding their balance sheet, which equals printing money.. via QE... forever.. the dollar has nowhere to go in perceived value but down... taking all other nations who use the USD as reserve currency with it.

[Andrew]

Just starting that book now.

[Memorex]

Andrew, this guy is blowing smoke out of his ass. Both Republicans and Democrats have contributed. However, the Dems still want to put the pedal to the floor on spending. I think the tipping point and the biggest factor, however, is the Fed. They are printing money like it's going out of style and it's devaluing the dollar and will end up causing skyrocketing inflation. That's not a Democratic or Republican issue. The Fed has become the defacto fourth branch of government here.

Probably a majority of folks here in OZ only hear about these wacky things the Tea Party is doing, so I'm interested here Dave in why the Fed is in this position....

Just curious Andrew - What are the "wacky" things you are talking about and are they more or less "wacky" than the occupy supporters?

Andrew?

[steveo777]

Wherever you got this from, I'm LMAO. I'm borrowing it.

[Andrew]

Andrew, this guy is blowing smoke out of his ass. Both Republicans and Democrats have contributed. However, the Dems still want to put the pedal to the floor on spending. I think the tipping point and the biggest factor, however, is the Fed. They are printing money like it's going out of style and it's devaluing the dollar and will end up causing skyrocketing inflation. That's not a Democratic or Republican issue. The Fed has become the defacto fourth branch of government here.

Probably a majority of folks here in OZ only hear about these wacky things the Tea Party is doing, so I'm interested here Dave in why the Fed is in this position....

Just curious Andrew - What are the "wacky" things you are talking about and are they more or less "wacky" than the occupy supporters?

Andrew?

Mainly bad press from those wacky Tea Party loons.

[Memorex]

Andrew, this guy is blowing smoke out of his ass. Both Republicans and Democrats have contributed. However, the Dems still want to put the pedal to the floor on spending. I think the tipping point and the biggest factor, however, is the Fed. They are printing money like it's going out of style and it's devaluing the dollar and will end up causing skyrocketing inflation. That's not a Democratic or Republican issue. The Fed has become the defacto fourth branch of government here.

Probably a majority of folks here in OZ only hear about these wacky things the Tea Party is doing, so I'm interested here Dave in why the Fed is in this position....

Just curious Andrew - What are the "wacky" things you are talking about and are they more or less "wacky" than the occupy supporters?

Andrew?

Mainly bad press from those wacky Tea Party loons.

I'm thinking there is not an answer here because all the bad press is just the press calling them names when really, they have done nothing but peacefully demonstrate against government waste, the nanny state, and higher taxes. Yes, there will be a few things any mass group does wrong, but 99% of the tea party simply wants smaller government.

The point is, agree with people or not, we've gone to name calling and not really paid attention. Both sides are guilty.

[Andrew]

You watched The Newsroom?

Makes for interesting viewing...

[Behshad]

[Behshad]