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Too big to fail
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Brother can you spare a dime?
President Bush and the current administration have borrowed more money from foreign governments and banks than the previous 42 presidents combined
http://www.cnsnews.com/ViewNation.asp?Page=\Nation\archive\200511/NAT20051104b.html
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"You go to the track with the Porsche you have, not the Porsche you wish you had." '03 E46 M3 '57 356A Various VWs |
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11-10-2005, 08:25 AM
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Thread closed.
(sorry Thom, couldn't help myself.) 
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My work here is nearly finished.
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11-10-2005, 08:40 AM
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Banned
Join Date: Aug 2005
Location: On a boat in the Great NW
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Brother can you spare a dime?
The mating call of the liberal. |
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11-10-2005, 08:52 AM
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Quote:
That's right, there is such a thing. 
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1977 911S Targa 2.7L (CIS) Silver/Black 2012 Infiniti G37X Coupe (AWD) 3.7L Black on Black 1989 modified Scat II HP Hovercraft George, Architect |
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11-10-2005, 08:56 AM
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I would like to call this presidency a disappointment, but I had so few expectations. Even for hawkish conservatives, Bush's spending habits must be hard to watch.
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My work here is nearly finished.
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11-10-2005, 09:02 AM
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Banned
Join Date: Aug 2005
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11-10-2005, 09:05 AM
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Banned
Join Date: Aug 2005
Location: On a boat in the Great NW
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Bush has made a bad situation better than could be expected. |
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11-10-2005, 09:08 AM
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Dept store Quartermaster
Join Date: Jul 2001
Location: I'm right here Tati
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Cornpoppin' Pony Soldier |
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11-10-2005, 09:08 AM
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Location: Linn County, Oregon
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I agree. I'm sick about it...the fact that Bush and a Republican majority congress is spending like a bunch of drunken Democrats.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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11-10-2005, 09:13 AM
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Non Compos Mentis
Join Date: May 2001
Location: Off the grid- Almost
Posts: 10,598
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I too am dissappointed at the exessive spending of the federal government. I don't do defecit spending in my personal life. Why can't I expect the same level of common sense from our country's leadership?
I know most average Americans live their lives in debt, but I would like to have people who are better than average in charge of the nation's checkbook. Wishfull thinking, huh? |
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11-10-2005, 09:25 AM
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Banned
Join Date: Aug 2005
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11-10-2005, 09:35 AM
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Where is that wrench?
Join Date: Jun 2003
Location: Irvine, CA
Posts: 1,415
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Unfortunately most people don't care. Three or four years ago I was at a party, and the subject of conversation turned to deficit spending, and one woman said something to the effect of, "What's the big deal? I borrow on my credit card. Why can't the government do the same thing?" This woman has recently filed for bankruptcy (before the rules change next year). I bet she doesn't get the irony of the situation.
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11-10-2005, 09:47 AM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Don't U get it....with all those $$$$ floating around in foreign hands...Bush wants to DEVALUE the $$$$....so that when it comes time to cash them in...they won't be worth much....it will take a whole wheel barrel of them to buy a loaf of bread....
So who will come out ahead of this round of inflation...people who own THINGS...RE, ANY THING COLLECTABLE, STOCKS, GOLD ETC. And all that DEBT...which is in $$$ denominations ....will seem cheap... What happens to all the POOR folk who don't have a pot to piss in those Blue States...THEY GET POORER....
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11-10-2005, 09:49 AM
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drag racing the short bus
Join Date: May 2002
Location: Location, Location...
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Quote:
Regardless; the idea here from GW is to cause a worldwide recession?
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11-10-2005, 10:00 AM
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Where is that wrench?
Join Date: Jun 2003
Location: Irvine, CA
Posts: 1,415
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If that's the case I would think holding foreign stocks should be better then domestic ones. Should we be buying Porsche or VW instead of GM?
But Bush doesn't control the value of the dollar. China has the yuan pegged to the dollar, and they make the call on when to re-value. |
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11-10-2005, 10:02 AM
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Location: Chicago, IL
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Look at the US Government's debt statistics and our own personal debt statistics and compare them to the rest of the world.
We'll get away with this for awhile - we're a rich country after all. But all those debts will catch up with us, or our children. You can make out like a bandit if you time it right, just like in 1999. Just don't miss the last stop before the next recession..... |
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11-10-2005, 10:33 AM
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Registered
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Location: New England
Posts: 5,136
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Yesterday, I was at the gym watching the president call for America to take a leading role in relief for the Pakistani earthquake victims. And America should take a leading role, we are a leader of the world. This is one of the things we should and must do.
But as I was watching, all I could think of was this: We are going to borrow money from the Chinese (and others) to send it to Pakistan. The same for rebuilding the gulf coast. The same for waging war in Iraq. ALL BORROWED MONEY. I don’t know why more people are not angry as heck over this.
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We will stay the course. [8/30/06] We will stay the course, we will complete the job in Iraq. [8/4/05] We will stay the course *** We’re just going to stay the course. [12/15/03] And my message today to those in Iraq is: We’ll stay the course. [4/13/04] And that’s why we’re going to stay the course in Iraq. [4/16/04] And so we’ve got tough action in Iraq. But we will stay the course. [4/5/04] Well, hey, listen, we’ve never been “stay the course” [10/21/06] --- George W. Bush, President of the United States of America |
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11-10-2005, 10:51 AM
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Non Compos Mentis
Join Date: May 2001
Location: Off the grid- Almost
Posts: 10,598
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Is owning a long-hood 911 considered an investment in precious metals?
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11-10-2005, 11:05 AM
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Certified Pre-Owned
Join Date: Aug 2002
Location: Nanny State
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Quote:
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'84 Carrera Coupe |
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11-10-2005, 12:46 PM
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I'm with Bill
Join Date: Feb 2005
Location: Jensen Beach, FL
Posts: 13,028
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Arrange your finances now, in 3 years we will be in a really deep recession. My plan is to make sure I have no bills at all in 3 years. I had no bills last month but bought a house in NC. I plan on paying it off in 3 years before the bottom falls out. I will be suprised to see a strong economy 3 years from now and amazed if it lasts 4 years.
I dont care what administration you blame it on its going to happen. BTW- this is just my opinion nothing more, I do not profess to be an expert in this field but go with what I see happening and I do not see a strong economy for much longer.
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1978 Mini Cooper Pickup 1991 BMW 318i M50 2.8 swap 2005 Mini Cooper S 2014 BMW i3 Giga World - For sale in late March |
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11-10-2005, 12:59 PM
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1977 Porsche 911S 2.7L
