The Conservative Cave
Current Events => The DUmpster => Topic started by: Ballygrl on November 11, 2010, 11:46:10 AM
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http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=433x517558
Cali_Democrat Donating Member (1000+ posts)
Wed Nov-10-10 05:15 PM
Original message
I never thought I would say this but Palin is right and Obama is wrong
regarding QE2.
QE2 is the fancy name given to the Fed's money printing scam that will be used to buy US treasury bonds. Got that? They will be printing money to buy bonds in an attempt to jump start the economy. There will be an extra $600 billion floating around. It's a joke and I would actually laugh if it wasn't so serious.
By printing money to buy treasuries, the Fed is actually hurting the poorest of Americans. It will cause commodity prices to rise dramatically because of the extra liquidity in the economy. Commodity prices have already spiked. Food and energy costs make up more than 50% of the expenses for poor Americans and this will only go up.
Who benefits? The wealthy of course. Ben Bernanke stated himself in is op-ed that the main goal was to pump up the stock market. The problem is that the increase in value of the market only increases wealth for the rich. Poor Americans aren't going to go out and buy new stuff because the Dow Jones hit a new 52-week high.
Yet Obama came out in support of this. Who the **** is advising Obama? He's clueless.
Dreamer Tatum (1000+ posts)
Wed Nov-10-10 05:18 PM
Response to Original message
1. Don't doubt your instincts just because an enemy agrees with you
QE2 is a terrible, inflationary idea that is effectively a tax. You are correct that it burdens those who rely on rely on raw currency, aka the poor and working people.
Lord Magus (113 posts)
Wed Nov-10-10 10:58 PM
Response to Reply #1
32. Inflation is at about 1% right now.
That's ludicrously low. Lower than it should be for a healthy economy. Increasing inflation a bit would be a good thing.
Hollywood_Zack (6 posts)
Thu Nov-11-10 11:10 AM
Response to Reply #32
51. Inflation is MUCH higher than 1% Don't listen to Government Propaganda
Like devaluation of our currency is a hidden tax there's a new one that effects everyone in a hidden way.
producers are reducing packing quantities, weights, volumes. So when Uncle Sam says a bag of Potato Chips hasn't changed, take a look at that bag of chips that used to be 16oz a few years ago to 11oz today.
I'm a regional distributor I've see the price increases and quantity decreases... and inflation on the cores prices are much higher than what the government tells you to believe.
Don't believe the BS government numbers.
mkultra Donating Member (1000+ posts)
Thu Nov-11-10 12:04 PM
Response to Reply #51
52. but listen to your propoganda right?
the grocery shrink ray is included in inflationary calculations.
butterfly77 Donating Member (1000+ posts)
Wed Nov-10-10 05:36 PM
Response to Original message
7. She is not right..
because she doesn't know shit,the CONS sent her out with this and they will send her out with more pretending that she knows something and is presidental material.
::)
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The DUmmies are just afraid of her and how much she is loved
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They're totally afraid, as is the entire left, if they weren't so scared they wouldn't attack so much.
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Commodity prices have already spiked.
Nope, they haven't even come close to spiking yet.
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Cali_Dem is sadly mistaken if he/she/it believes that the Dems and Obama give one whit about the fate of the "poorest Americans".
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Cali_Dem is sadly mistaken if he/she/it believes that the Dems and Obama give one whit about the fate of the "poorest Americans".
They don't donate to campaigns, and they'll vote for the DemonRats any way.
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Obama is just following his idol into making a two tiered socialist paradise.
"The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation."
Vladimir Lenin
Remember the real enemy of the left is the middle class. Note how often they talk about saving or promoting the middle class. Leftists always lie.
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They don't donate to campaigns, and they'll vote for the DemonRats any way.
Yep they've got and had a lock on the poor for a long long time. It's the middle class they need to sway their way. Most of the rich hate them but they have their own rich folks, mostly those raping and pillaging the poor like the Goracle, Kerry and Soros ect. The top tier lines are drawn in stone and won't be budged.
The middle class fluctuates as people come in and go out and those are the ones they want. The ones on the move.
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This is the shit that keeps me up nights, and I don't know what to do about it. Butterfly77 is in for a vicious surprise, and my hat's off to Cali_Dem for being honest and having her eyes open. Sarah's right.."Cease and desist!"
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I'd trust Ms. Palin to manage my money before I would Obama or a DUmmie.....we know what they would do with it.
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Nope, they haven't even come close to spiking yet.
BINGO! You just wait DUmmies. You wait and see what your lord zero does to your currency and your "status" in life. We're all going to have to lower our standard of living because of what is coming. You still support this imposter? Don't forget, his appointed Tim Geithner, testified before congress and said that the Fed would never monetize the debt. That Ben Bernake also testified before congress and said the same thing.
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BINGO! You just wait DUmmies. You wait and see what your lord zero does to your currency and your "status" in life. We're all going to have to lower our standard of living because of what is coming. You still support this imposter? Don't forget, his appointed Tim Geithner, testified before congress and said that the Fed would never monetize the debt. That Ben Bernake also testified before congress and said the same thing.
Well we do know when democrats testify in court they sometimes give misleading but, not false statements.
:-)
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Well we do know when democrats testify in court they sometimes give misleading but, not false statements.
:-)
And you never know what the meaning of the words they use "is".
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My jaw dropped over this one, indeed Ballygirl, thanks for posting. Granted they cannot wrap their brain around the fact that it is not only the rich that make money in a higher stock market, but, this may be the first DUmmie I have seen in a while that has a fundamental grasp of economics. This QE2 may artificially inflate the stock market (no evidence of THAT yet), so, yippee, your stock is worth more, but, oopsy, your dollar is worth 32% less, and bread costs $6 a loaf.
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My jaw dropped over this one, indeed Ballygirl, thanks for posting. Granted they cannot wrap their brain around the fact that it is not only the rich that make money in a higher stock market, but, this may be the first DUmmie I have seen in a while that has a fundamental grasp of economics. This QE2 may artificially inflate the stock market (no evidence of THAT yet), so, yippee, your stock is worth more, but, oopsy, your dollar is worth 32% less, and bread costs $6 a loaf.
OMG! Sybilll! :blowkiss:
Everyone, this is Sybilll, she posts at another board I go too and she's cool!
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OMG! Sybilll! :blowkiss:
Everyone, this is Sybilll, she posts at another board I go too and she's cool!
Hey Sybilll. Welcome to CC. :cheersmate:
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OMG! Sybilll! :blowkiss:
Everyone, this is Sybilll, she posts at another board I go too and she's cool!
HEY, Sybilll!
Any friend of Ballygrl's is a friend of ours. :blowkiss: