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Haha
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Discussion Starter · #1 ·
Bush popped in on every channel to talk about the economy crisis.

Well...I'm going to say this looks bad. I heard him say "congress made bad decisions" "government interaction"


What you guys think?

-Cade
 

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To the Liberty Tree!
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1,312 Posts
he was so flush and his breathing was wierd. maybe he was drunk.



yeah he set it up to blame congress for everything bad from this moment on IF they say NO
:thumb: His eyes did look a bit glassy!

Is it just me or is this "the president who cried wolf"? Every time we turn around the US is in crisis, here a threat, there a threat, everyone a... well, you get the idea. :upsidedown:

I still say to let Wall street fall on it's wallet. At this point we are damned if we do and damned if we don't anyway.
 

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Watchin tha world go by
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looked confused and desperate for an answer , struggling to put a good face on a plan im not too sure it looked like he was convinced would work.
 
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Savage intellectual
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I've been watching the whole thing since last week when the dow dropped 500 points twice. This is just rotten.

Option 1: Capitalize debt - inflate your way out of it. Buy the toxic debt by printing more money. In one form or another - could be printing more T bills, etc. Doesn't matter. Could lead to hyperinflation, and further devaluing of the dollar.

Option 2: Nationalize Banking system. Of course, we won't call it that. We'll say the government is buying control as a way of solving the debt crisis and infusing the banks with capital through stock purchase, or direct receivership.

Option 3: Allow to market to crash. Of course people will jump out windows, credit will dry up and the Second Great Depression will be upon us.

I can't think of a fun way this ends.
 

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Here is a plan... issue a bill that caps credit card debt, home mortgage loans, and any other loan interest to 3% APR. In our deflationary economy this is FAR better then demanding 8-30% APR interest which can not be repaid. Subsidize commodities to plummet the price of oil and sudden transportation and materials become much more affordable to everyday people. $700 billion should do it. This would benefit all aspects of the economy except the balance sheets of banks (no love lost there). Home prices will stabilize and the spokes of the economy turn once again.... :thumb:
 

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looked confused and desperate for an answer , struggling to put a good face on a plan im not too sure it looked like he was convinced would work.
Yeah.
He didn't look drunk to me, he just looked like the same ol' dumb ass he has always been.
I think it has finally sunk in that he will be remembered as the worst President in history.
That's huge considering the pack of jackasses that preceded him.

Yeah. I caught his speech aright.
Tomorrow I'll fertilize my garden with it.
 

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Information is Ammunition
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AKA: The Death Of Capitalism
AKA: The Day The Free Market Became Socialism
 

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Good Bye
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There is one man who has been saying that this was coming for a long time, and not because of "bush and his cronies" Ron Paul really knows his stuff about this current situation.
 
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