Comments on: Fed: Bold Moves Won't Stop Economic Woes

Central Bank Fears Longterm Rut Despite Slashing Interest Rates And Vowing Other Radical Measures

[irmcvet971]

Ain''t any of you fascist going to come up with some way to blame this on "Lib''s" or the "ACLU" or any of the hundred or so, hate targets you have spent decades developing? LOL When I look back at what these creatures have done to this nation, how out of pure GREED they have served the WORST most INCOMPETENT Leader in our history on this country, it makes me sick!!

[fahren451]

The result - by 1913 we were an industrial superpower.

TARIFFS BROUGHT PROSPERITY.

TARIFFS CAN BRING PROSPERITY BACK.


Posted by txgrouch2008 at 08:10 PM : Jan 06, 2009

What about products that require raw materials that we would be imposing tariffs on?

[whitewolf60]

I also think that there should be a "Wealth Cap." No person is allowed to have, say, 5 million dollars. I f you can''t set yourself up for the rest of your life on 5 mil, that''s YOUR problem!

[tripster101]

That really sounds like a good point, but we would really have to gear up manufacturing here at home, and the things we already make here would probably face a competing tariff imposed by other countries, so the short term would be a decrease of export. I''m just concerned that our economy might not be able to withstand that sort of thing right now.

[tripster101]

I don''t see how tariffs would bring us anything but higher prices for the goods that we import, seeing as how we import so much of what we buy these days.

txgrouch2008:
This is a global market now...time has changed. Imposing tariff means declaring trade wars. Back then we had the edge in technology...other countries have to buy from us. After decades of deteriorating education (jocks are cool while nerds are...not), our high tech industries rely heavily on foreign talents. Besides, Japan, China, and Saudi are the big three treasury debts holders. Our American dreams are financed by them. Protectionism will not work. They can always stop buying American made products and stop financing our American dreams and we will see double digits mortgage rate in no time.

[iphyt4u]

build me a new vehicle i can buy for $6000. give me a mortgage that i can pay off in 10 years. give me a sustainable wage with health insurance. the republicans put us in this place, thank god we''re moving in a new direction. and for gods sake, cut the defense budget, and start spending that money on our people. who''s going to invade us? we''ll run up to the invaders and give''em our bills. they''ll be greeted as liberators!

[nearl4511]

Bernanke secretly loved the depression. He built his reputation and career on understanding it.

His "chicken little" performance also helped exacerbate the condition.

[erasmus606]

When I was preparing to be a teacher, I had to take a test to see if I could READ A SIMPLE SENTENCE and UNDERSTAND IT. Reading comprehension.

Most applicants failed it. Most teachers remember it as a "really hard" test.

Here''''s the kind of question it had:

Read the following sentence and choose the true statement, based on the information given in the sentence:

"On Tuesday, Mary was carryng an umbrella because it was raining."

Only one of the following statements is TRUE. Which one is it?

1. It rains every Tuesday.

2. Mary always carries an umbrella.

3. Mary''''s umbrella is black.

4. Mary normally carries an umbrella if it rains.

5. It rains only on Tuesdays.

The test has 50 questions like that. Most teachers struggle to get more than half of them right.

Posted by txgrouch2008 at 10:36 PM : Jan 05, 2009

I saw this last night.
That is scary if most teachers are struggling to get the questions right.

The answer is #3, of course!!

Just kidding.:)

[musethalia]

TARIFFS WILL BRING PROSPERITY BACK

Posted by txgrouch2008

LOLOLOL!!! How ''bout we just exchange a proposed tariff on imported ''goods'' from China, for pay-down of debt owed to them before we all have to learn Chinese.

(I wouldn''t call anything imported from China ''goods'' with their given media coverage of poisons and harmful items sent to the US - maybe we should classify them as mere ''product...of danger'')

tsh...we''d pay them back in a year with all the cr*p people buy that''s ''made in China''

[exaf74]

WAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHH!!!!!

[whitewolf60]

No freakin'' DUHH!!

As long as they keep passing out money to millionaires and billionaires WHO DON''T NEED IT, the situation will never get better.

HOW ABOUT A "BAILOUT" FOR THE AVERAGE AMERICAN???

[wardoglrs]

Everything is as it should be if your a Neo Con

[mercenary20]

If the financial institutions can''t provide documentation of what they have done with their TARP funds, then Congress should take the money back from them. And while they''re at it, they should fire SEC chairman Chris Cox sucker!!!!!

[ofbyfor3]

Thanks a lot, Georgie! Heckuva job. Please don''t let the door slam on your behind on your way out!

[walt1944-2009]

The Fed is upset that no matter what it does, the economy is not improving.

Cutting interest rates to nearly zero and handing taxpayer money over to banks to "supposedly" open up credit, has not worked! And the Fed does not understand WHY?

Perhaps the Fed should begin printing money in pastel colors instead of the usual green? Perhaps the Fed should create a $43 bill with George W Bush''s picture on it (he would like that!)? Maybe the Fed should hand out free tickets to the next Hannah Montana concert to the first bank which uses its "rescue" money to really open up credit?

Or maybe the Fed has just been giving the money to the wrong people in the first place?

SIG HEIL, I WANT TO MAKE SURE THAT ALL MY CORPORATE FRIENDS ARE DIRTY, STINKING RICH WHEN I LEAVE OFFICE!!!, BUSH!!!

[usgeneral-2009]

"the economic outlook would remain weak for a time and the downside risks to economic activity would be substantial,"

THAT DOES NOT MATTER.

All that matters in today''s distorted and perverted marketplace is the size of the federal government BAILOUT.

As long as dumbya and the d-crats are around, the bailouts will continue non-stop.

The stock markets figured this out weeks ago - hence the on-going BAILOUT RALLY, reflecting the fact that no big company or union in the US can fail as long as the taxpayer dollars keep flowing to them.

Capitalism is dead; viva marxism!

[hackerpc]

The velocity of worthless money
The amount of cash the US government is throwing at the world''s economies - Federal Reserve chairman Ben Bernanke can''t even guess at how much - is horrific beyond belief. Yet the real effect is of vast amounts more. Trillions more. Doomed? We are all utterly, utterly doomed!!!

[hackerpc]

...and oil hit $48.58 a barrel