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Marshall Nole
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VTSmitty said...
Obama was informed that life of a U.S. ambassador was in peril, not only did nothing, but told military personel in place to help, to stand down. Watched attack in real time from whitehouse, still had no problem letting Americans die, while fabricating story to deflect from fact that terrorists took American lives on 9-11.
Now, he seemingly does not care about who told military to step down, and personally never had any knowledge of what was happening. Once again, not responsible for anything that happens on his watch. You would think the Commander in Chief would have some interest in knowing who told our military people to please do nothing, and just sit back and watch Americans die. I guess he would, except he is the one that made that decision, so he alreadys knows.
I just do not understand how anyone can possibly support, vote for, or defend, someone like that.
TroyTide
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TroyTide said...
You must watch Fox. I know this because anybody who doesn't watch Fox doesn't know any of that. Which unfortunately is why this issue will have little meaning on Tuesday. Millions will cast their vote because of birth control and the fact that the President brews beer in the White House. Also Romney is rich so you can't vote for him.
VTSmitty ●
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TroyTide
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VTSmitty ●
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Jack Passion
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Clemson said...
I'll keep it short for now, as its lunch time.
-Devaluation of the dollar/dilution of the money supply. -Creates a false sense of improvement by surging stock prices, low interest rates. What happens when rates surge back up? The bond market is going to be interesting to watch. -Inflation is going to grow through the roof.
I can't remember who said it, but there was a quote along the lines of "Bernanke is building skyscrapers on unstable ground".
How do you think QE3 is going to be affective? How are lower interest rates correlated to decreasing the unemployment rate?
Corporate Cash Hoarding Holds Back Job Creation
http://www.aflcio.org/Corporate-Watch/CEO-Pay-and-the-99/Corporate-Cash-Hoarding-Holds-Back-Job-Creation
www.aflcio.org Apple Q3 Earnings: Apple Now Has Over $117 Billion In Cash Reserves | TechCrunch
Apple closed its record June quarter with $117 billion in cash reserves, up from $110 billion last quarter. Crediting strong sales of almost all products as w..
techcrunch.com CMXI
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CMXI said...
Right now, America is dealing with constrained liquidity. We have companies sitting on massive liquid reserves and many potential investments just waiting for an entity to jump on. American workers are clearly willing to work, many just aren't being given the opportunity to do so. By lowering interest rates, borrowing for investments becomes that much less risky, thus encouraging entities who previously held back to invest in the American market, thus encouraging job growth.
Case in point: Lowe's. Lowe's recently shuttered about 27 stores in the United States. Improve confidence in the U.S. market through lower interest rates and, ideally, Lowe's re-opens its coffers and is willing to invest in the American market again. More Lowe's stores open, more jobs are created. Encouraging this initial investment then goes a long way to increasing consumer willingness to spend. In the current economy, consumer spending is down considerably - people are wary of losing their jobs, and are unwilling to make many of the purchases they would have in a more stable economy.
If consumers see jobs coming back and employers investing in the American labor market, they'll be more confident in their ability to make retail purchases. This in turn, provides not only the ROI for the companies that have invested back in the American labor market, but spurs more investment - more jobs created leads to more disposable income leads to more retail spending leads to more profits, which in turn leads to more job creation, as companies see the return on their initial job-growth investments. The key is kick-starting that cycle and opening up the liquid reserves of large corporations.
In addition, many companies in America are currently just stockpiling massive reserves of cash. Verizon, Apple, Bristol-Myers-Squibb, etc. (hell, I believe Apple is sitting on around $117 billion cash right now). Many of these companies are also cutting jobs, indicating a refusal to invest in the American economy and the American worker at a time of such instability. If other companies are seen investing in the American market, it should encourage these companies to open up the cash reserves and get in on the profits.
Of course, this is all in an ideal world, but since neither of us can predict the future, this is just how I'm hoping to see QE3 play out.
Clemson
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Sir Mix A Lot
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FL Buckeye said...
CMXI that is one of your better posts IMO. While I agree with much of what you say about lower interest rates helping corporations, I think you miss the goal of QE. We are so far in debt that we are going to be unable to fulfil our obligations. By dilluting the currency, we in effect are lowering what we owe others. While I agree during the period of the last few years lower interest rates have helped corporations and consumers, I think that there is a limited period of time when this will be effective. Eventually the negative consequences of low interest rates(Massive inflation) will outweigh the positives. Essentially the Federal Reserve has been pumping up the economy since Congress is unwilling to. I don't agree with that policy, it's backdoor stimulus being authorized by one man and the board that sits under him.
CMXI
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CMXI said...
Thank you. I also agree that there is a limited time where this will be truly effective, and I've always viewed quantitative easing as something that should only be used to kick-start the cycle I mentioned in my previous post. QE1 and QE2 were both temporary things, and the problem I have with QE3 is it's currently-undefined end date. I understand that QE3 is going to be in place essentially "until it works," but I would like to hear some sort of promise that the program won't continue on until negative consequences rear their ugly heads.
Sir Mix A Lot
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FL Buckeye said...
Bernanke has promised his zero rate for like 1 1/2 to 2 years. How you can make that guarantee not knowing what is going to happen in the next 12 months is crazy. I think QE3 is nutso. How much lower do interest rates need to be?. I'm buying a new house and going to borrow money for 30 years at a 3.5% rate. That is insane. Nobody in their right mind would loan their money for that, then I remembered that the Fed is rigging the game. Eventually we are going to pay the price for these easy money policies. So many in this country have no clue that what Bernanke is doing is, one day they are going to watch a 60 minutes episode and be informed on why our economy has tanked again.
Clemson
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randy88moss
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randy88moss said...
Just curious...what are the top 10 in order?
America’s Best (and Worst) Educated States | Fox Business
28.5%. That's the number of U.S. adults 25 and older who held a bachelor's degree in 2011.Using data from the U.S. Census Bureau, we outline the states with the highest and lowest number of college graduates.
www.foxbusiness.comJack Passion
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randy88moss
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CMXI
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Clemson
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PTCcock195 ●
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CMXI
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Clemson
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CMXI said...
The belief that "common sense" is the way to govern the United States is what led to the 8 economically disastrous years of the Bush presidency. I would hope people have learned that we don't want the country to be governed by a guy with "street smarts" who acts just like any of us.
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Clemson
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Study: correlation between "low effort thought" and conservatism