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Posted: Thu Aug 06, 2009 1:53 pm
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stratkat2 wrote:
cvilleira thinks:
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Obama administration's spending policies and Federal Reserve actions will trigger inflation and that oil prices will rise.


Really?... Inflation's not a new thing. And neither is greed. I'm not a big fan of Washington D.C. either. In fact, I believe that when God is ready to give the world an enema that's where he's gonna stick the nozzle. But, it's not really fair for people to blame the new guy for the mess.

We all know you don't like him... but at least he actually won his election.

But it is when you see the new guys making it worst!!!! And then using it as a excuse to introduce Socialist programs. And come on we have to face it this guys is in over his head!!!! He a talking head for his handlers a human campaign machine that has not left the campaign traill yet. No body said inflation is a new thing but a sharp rise at a time when so many are out of work and need the buying power of the dollar to stay strong to see them through. And greed we all know that one but did not this fool hand out billions to many of these people, that should never have happened.
Gas today now 2.55 a gallion when I filled my truck. Total cost was 74.60 I'm glad it was not empty.

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Posted: Thu Aug 06, 2009 5:04 pm
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2.39 here in Oklahoma. 8) Mike

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Posted: Thu Aug 06, 2009 5:19 pm
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$2.819

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Posted: Thu Aug 06, 2009 5:38 pm
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cvilleira replied:
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And come on we have to face it this guys is in over his head!!!! He a talking head for his handlers a human campaign machine that has not left the campaign traill yet.


Anyone taking that job over from the shambles the Bush Administration left it in would be over their heads. If you recall... gas was over $4.00 to $5.00 a gallon depending on the state... and he also signed for the very first bank bail out.

You can cry about "socialisim" all you want. (And I'm sure you will... you always do)... Do you think the geezer and the media queen would be any better off? McCain is a moderate and Palin, as it turned out is a quitter.

The Bush Presidents were too busy kissing the lower cheeks of the Saudi Princes to worry about the working class and our jobs. High unemployment and inflation during both administrations.

One thing you won't have to worry about is health care reform. It won't happen. The Washington gang already got what they wanted. More bail-out money for rich guys. A Health Care bill will only benefit people who don't have health care. And as we know, only the kings in D.C. deserve that. I wonder what their co-pay is?

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Posted: Thu Aug 06, 2009 6:06 pm
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stratkat2 wrote:
cvilleira replied:
Quote:
And come on we have to face it this guys is in over his head!!!! He a talking head for his handlers a human campaign machine that has not left the campaign traill yet.


Anyone taking that job over from the shambles the Bush Administration left it in would be over their heads. If you recall... gas was over $4.00 to $5.00 a gallon depending on the state... and he also signed for the very first bank bail out.

You can cry about "socialisim" all you want. (And I'm sure you will... you always do)... Do you think the geezer and the media queen would be any better off? McCain is a moderate and Palin, as it turned out is a quitter.

The Bush Presidents were too busy kissing the lower cheeks of the Saudi Princes to worry about the working class and our jobs. High unemployment and inflation during both administrations.

One thing you won't have to worry about is health care reform. It won't happen. The Washington gang already got what they wanted. More bail-out money for rich guys. A Health Care bill will only benefit people who don't have health care. And as we know, only the kings in D.C. deserve that. I wonder what their co-pay is?

I will tell you what I could not stand McCain either. He could not even win his own parties nomination twice before there was no way he was ever going to get elected when they handed it to him the third time. I could not stand any of them that ran the last time. Bush was a economic failure because he did nothing to stop the Banking reform bills past by Clinton #1
Do you homework and if you have a broker they will tell you such is true.

From David Weidner of MarketWatch
On Wall Street and Main Street they call William Jefferson Clinton the "Comeback Kid," but it's not because of some Election Day surprise.
It's because almost everything he did regarding financial-services regulation has come back to haunt us.
If it wasn't apparent before, the former president's handiwork became clear when President Barack Obama announced his plans for sweeping financial-services reforms. Obama's efforts to bring fair dealing to the mortgage markets, rules to the derivatives marketplace and restraint to big financial companies underscore the missteps of Clinton's second term.
We had weakly regulated markets when Clinton took office, but by the time he left, they were an invitation to lawless dealing. For the ease of it, Willie Sutton would have traded his gun and mask for a briefcase and necktie.
Clinton created a fertile environment for home-lending charlatans and hiding places for Wall Street swindlers, and upset a regulatory structure that had served the financial marketplace so well for more than six decades.
Clinton bashing -- like Bush bashing -- is often a cop-out, but Clinton made critical mistakes when it came to dealing with the financial industry. Three poor decisions stand out.
The first, in 1997, was a change to the amount of taxes a homeowner had to pay on the sale of his or her home, up to $500,000. That change effectively made buying and selling a home for profit the most compelling investment in America by tax standards. It shifted our housing market from one of supply and demand to one of rampant speculation.
The second mistake was one of inaction. In 1998, Long-Term Capital Management's use of derivatives and leverage required a massive $3.6 billion hedge fund bailout organized by the New York Federal Reserve Bank. After the fiasco rocked the markets, the administration was on the spot. Would it push for tighter regulation of this new form of investment vehicle? Would it rein in the derivatives markets?
Alan Greenspan and Arthur Levitt, then the chairmen of the Federal Reserve and the Securities and Exchange Commission, respectively, and Clinton's Treasury secretary, Robert Rubin, all counseled against it to varying degrees. No action was taken.

Repeal of Glass-Steagall
But perhaps the biggest mistake of the Clinton years regarding Wall Street and the one that rings loudest today was the 1999 repeal of the Glass-Steagall Act of 1933, which effectively had split investment banking and brokerages from commercial banks.
END

That last one was the biggest mistake made ever for the econmy there is no way around that fact. And Bush failed to do anything about it. Any I don't see nothing before the present legeslature that looks like it will address it in any effective manner. not one bill that is due upon the return of the congress.
That last one was the biggest mistake ever made by a President. and the gang from both parties that caved in for there own piece of the action.

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Posted: Thu Aug 06, 2009 8:37 pm
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Humm... That's a lot of cut & paste...

I don't do my home work on the internet...

A friend of mine sent me a book a long time ago:

America: What Went Wrong? by Donald L. Barlett and James B. Steele

After I read it I started voting Libertarian.

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Posted: Thu Aug 06, 2009 9:01 pm
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stratkat2 wrote:
Humm... That's a lot of cut & paste...

I don't do my home work on the internet...

A friend of mine sent me a book a long time ago:

America: What Went Wrong? by Donald L. Barlett and James B. Steele

After I read it I started voting Libertarian.

And why do you think I placed the gentlemans name who wrote the article on the post. I not taking credit for it. Just one of many things I have read.I have been in the market working with and paying our broker fees for over 30 years. At the end of the 90's we place 50% of my porfolio into the real estate market untill 2002 and sold it out did real well. Have been in varies Vanguard funds for many years. Still in TIAA CREF real estate through the University. I don't need to read a book by a news paper writer. Perhaps you should study up on economics and things like the Fed most people in classes are shocked. One thing about all my years at JHU reseach and study papers abound.

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Post subject: price of gas near you
Posted: Thu Aug 06, 2009 9:20 pm
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Posted: Fri Aug 07, 2009 9:19 am
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cvillrira replied:
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Perhaps you should study up on economics and things like the Fed most people in classes are shocked. One thing about all my years at JHU reseach and study papers abound.


I have studied economics and I worked in the Financial / Retirement Services Field for 18 years. One of Vanguard's competitors, actually. I had to speak to brokers everyday. I don't have a portfolio anymore, because for all my years of loyal service, they sent my job to India. I am currently working on becoming a DBA. I went through my severance and exhausted unemployment. So, now I'm living on my former investments until I find another position.

So, I guess you could say I have a little working experience in the field.

What I don't have is an Anti-Obama agenda on a guitar site... I really have neither the time or desire to be a phony anarchist...

And with that, I bid you farewell...

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Posted: Fri Aug 07, 2009 5:01 pm
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Are there any places in the US that have dropped the 9/10s of a cent nonsense?

Huh?

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Posted: Fri Aug 07, 2009 8:02 pm
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orvilleowner wrote:
Are there any places in the US that have dropped the 9/10s of a cent nonsense?

Huh?

Not in cville everything is still number like 259.9 We do have a thing at the Safeway store that for every 100.00 you spend you get .10 off a gallion for a fillup of gas and it runs in 3 month cycles so at anytime doing the cycle you can use the points earned or loose it at the end of such the start over. Ever little bit helps when you have several vehicles and one gets about 12 miles a gallion. Thats the Hemi Ram :shock: none of the Honda's

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