McCain Says The Economy Is Doing GREAT - Do You Agree? - Page 4 - Mercedes-Benz Forum

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post #31 of 144 (permalink) Old 09-15-2008, 10:33 PM
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If were aren't in a recession right now, the meaning of 'recession' needs to be reevaluated.

"If spending money you don't have is the height of stupidity, borrowing money to give it away is the height of insanity." -- anon
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post #32 of 144 (permalink) Old 09-15-2008, 10:34 PM
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You might or might not agree with Dr. Paul's fiscal plans/policies, but you can't argue with his credentials. As far as I'm concerned, this country blew a great opportunity by taking a pass on his leadership.
I don't argue that. As I have said, with the exception of his ProLife stance, I would have supported him. Much of what he said was very good.

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post #33 of 144 (permalink) Old 09-15-2008, 10:40 PM
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I've been waiting for one of you wackos to point out the price of crude at closing today. Around 95, right? One of you will find some bad news in that number, anyway. Without considering the effect on the country, many libs are hoping for a full-fledged depression just so they can blame the Bush administration and win the election. And that, as you said, is the best example of PARTY politics, instead of thinking.

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post #34 of 144 (permalink) Old 09-15-2008, 10:41 PM
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If were aren't in a recession right now, the meaning of 'recession' needs to be reevaluated.
There are two meanings:

1. Rhetorical, political and scare-mongering.
2. The regular one.

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post #35 of 144 (permalink) Old 09-15-2008, 10:44 PM
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I probably agree with 90% of his ideas, but we parted ways over his position on the Iraq war, and I couldn't stand to listen to his voice for 4 years.

And, unless you count having his hands in thousands of pussies, he has no foreign policy experience.
He is one of Congress' leading authorities on foreign policy and has served on the House Committee on Foreign Affairs for years. Foreign policy and economics are Dr. Paul's specific fields of interest and expertise.

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post #36 of 144 (permalink) Old 09-15-2008, 10:45 PM
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In fairness, even 2006 would have been too late. Momentum would have carried the industry to the current state. He can't just **wind down** the real estate and banking industry in one year given that the accumulation of shit occurred over the past 10 years.



This is still not the end of the world. See my earlier post on a solid company like Johnson & Johnson which is totally unaffected by the financial debacle.



100% agree with you here. This could be end of the repub free market experiment started by RR with the pendulum swinging all the other way in the next decades.
You are correct that 2006 was to late to STOP it, but the effects could have been greatly mitigated [as an example the sector could have been restrained from rewriting known bad notes simply to push off the bad mortgages]. The problem started, much as you pointed out with deregulation of the industry [thanks Phil] and the Bush Administrations failure to enforce those laws and regulations that were STILL on the books. It became Wild Wild West in that industry.

The problem started, from most real estimates in 2003. Not the failures or delinquencies but the fundamental change in the way business was conducted within the various elements of the financial sector.

And yes, folks like JNJ are reasonably insulated from the financial debacle. They have good cash reserves, many don't. They are very diverse and international, many aren't. They have the pleasure of pharma and near unlimited revenue streams when a new drug hits the market [and write offs for all R&D]. I have had them, and a few like them in my portfolio for decades. But they are still impacted by inflation, weak dollar, depressed Wall Street to some extent as they are still part of the economic food chain.

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post #37 of 144 (permalink) Old 09-15-2008, 10:47 PM
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I'll vote my Party, and that is Libertarian.
that's why i said "almost guess". lol. i like many ideas of libertarianism where bulk of my problem lies is the almost extreme anti social view of the libs (coldheartedness) and you know i've picked on you for that.

do you think that RP is even on the ballot here? lol



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post #38 of 144 (permalink) Old 09-15-2008, 10:48 PM
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Ron Paul is a Republican. The Libertarian candidate is Bob Barr.

"If spending money you don't have is the height of stupidity, borrowing money to give it away is the height of insanity." -- anon
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post #39 of 144 (permalink) Old 09-15-2008, 10:50 PM
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There are two meanings:

1. Rhetorical, political and scare-mongering.
2. The regular one.
3. figment



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post #40 of 144 (permalink) Old 09-15-2008, 10:54 PM
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Ron Paul is a Republican. The Libertarian candidate is Bob Barr.
oops. thanks.

he's kinda seems all over the place. hmm



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