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GOP predicts doomsday if Obama budget passed

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posted on Mar, 23 2009 @ 10:41 AM
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YES, that is why not one Republican voted for the stimulus bill. They know it’s like playing casino. They are right.

This will cause inflation at a rapid pace Ben Bernanke and Treasury Secretary Tim Geitner know better.

I expect to see hyperinflation before 2012-2013. Most likely next year if this fails.

Did you know Bernanke has been attending the G20 meetings for years. Being a historian of the Great Depression he knows better. Some one is pulling on his strings.

I’m also wondering if there is more to it about why Geitner had thoughts to resign?




posted on Mar, 23 2009 @ 11:07 AM
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The republicans are vicious when it comes to partisan politics. Where democrats can be incompetent or come across as socialist in some of their policies, republicans seem almost sinister in their desire to bankrupt this country, and even more sinister in their attempts to block any democratic attempt to fix it.

Bush's administration denied there even was a recession until the very end of his administration, when the fed finally came out and admitted it started two years ago (!) Talk about denial.

While Bush & Cheney went after Iraq they completely dropped the ball on Iran,
China, a resurgent Russia, and the economy.
Between "trickle down" economics that never worked, rampant deregulation that put shady CEO's in charge of our economy, and massive spending on the military (957 Billion and counting just in Iraq alone) its no wonder this country is in the position it is in.

It was a lack of regulation that let brokers make the so-called "liar loans", that were then securitized by a completely corrupt wall street, that was the final straw that broke the back of the American economy when it all came crashing down. But it was massive spending (particularly by republican leaders) that treated the Amercian tax payers as an endless money machine. We rebuilt Iraq with American tax dollars and republicans didn't raise one question about it. Now democrats want to use tax dollars to rebuild the USA and out come the republican nay-sayers. Maybe the democrats should have couched their policies in language like "spreading democracy" or "nation building", then perhaps republicans would ump on board.

Republicans and democrats are two sides of the same coin. BOTH are corrupt, have only massive spending on their minds, and are completely beholden to special interests and partisan politics. They both need to go away. Ron Paul is this generations Thomas Paine!



posted on Mar, 23 2009 @ 11:09 AM
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This started in the early 90's (Dems and easy lending) and it is long time to stop trying to point fingers and find a freakin solution. The internet 'boom' is finally hitting home for us. No one is liquid and everyone is running scared. Stop blaming the banks and greed and look at those who put us in this situation. Us. Americans and lines of equity and credit cards. Everyone is to blame and this is a non partisan argument on who got us here.

Point is, where do we go? Sorry folks, but the country bought the hype of a fantastic campaigner but elected someone who needs a teleprompter to make a bowl of cereal. The policies released in these first few months are sickening. Since 2002 a bi partisan council has warned us and it was not the administration that stopped it but the House. Mrs Pelosi has had control too long and is doing NOTHING for the people, only her constituents.

We need to stop spending and cut federal taxes including FICA in half to spur the economy and spending not shove another trillion dollar bill down our throats.

Right now though, Obama needs to step up and sadly I do not think we will see that happen.



posted on Mar, 23 2009 @ 11:09 AM
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Originally posted by jam321
Republicans are fine ones to be speaking.

Doomsday started in the past and Obama's budget is just a continuation of it.


So true!

They made the bomb and sparked the fuse and now they want to complain!

Classic!



posted on Mar, 23 2009 @ 11:31 AM
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That's like saying Tuesday is going to happen next week. And it isn't just GOP anymore people are starting to get common sense back. Obama's supporters are dwindling.

apnews.myway.com...
www.politico.com...



posted on Mar, 23 2009 @ 11:36 AM
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reply to post by frankensence
 


I'm sure if they told us the truth it would set off a panic causing bank runs.

They want to scare us about the economy at the same time they use tactics to prevent this.

People put too much faith in FDIC to protect them. Theyre broke too. Dont we already know the world is near financial collapse.

I doubt we will know there is a problem until we go to the banks to find them closed with the military at the doors.

They also know it would start A catastrophic humanitarian event, which would require martial law and not just at the banks.

Maybe this is why our troops are training for an event in the US. It would be illegal, unless they used the new Homeland Security laws, that infringe upon on rights.



posted on Mar, 23 2009 @ 11:42 AM
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I've supported Obama and the democrats during the election mostly because of my disdain for the republican party, but even I am concerned with the numbers that are being thrown out. Since taking over, first it was the 800 billion dollar stimulus package and I thought that was it. Now they have a huge budget of $3.7 trillion, and now talk of another trillion to buy up toxic bank assets. That is too much even for me.

However, I think everyone should also not go overboard just yet either. I have to question the numbers given in the article.


Senate Republicans warned of deficits that could climb to $20 trillion in coming years and a weakened dollar if Obama and his Democratic allies get their proposed $3.6 trillion budget plan passed.


Com on, I think that is an exaggeration. Enough so to make me go and do a little research and found this little gem.


But with Obama's first budget, the Republicans hope to shift the blame for financial worries to the Obama administration. GOP leaders, including Senate Minority Leader Mitch McConnell, are telling aides that the campaign will be built on attacking "three fatal flaws" in the Obama budget. They are spending, taxes, and debt. The aides say that the campaign will unfold over the next three weeks of budget debate.


GOP Strategy: Hit Obama on Spending, Budget, Taxes

And we thought the campaign was over.


Yes the spending numbers are concerning, but I would also keep in mind that there are those that want this administration to fail and we should be aware of that.



posted on Mar, 23 2009 @ 12:11 PM
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All of this makes me wonder if the past and present admin are truly a bunch of incompetent morons for selling out our futures, and our children's futures, OR, have they discovered something of untold value that is going to save them, us and the world?



posted on Mar, 23 2009 @ 12:32 PM
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i don't mean this in a sarcastic way at all but...

Doesn't it seem a little egotistical to look at what obama is doing and assume what he is doing is going to bankrupt us as a nation? I don't completely agree with it either. But, I am not a subject matter expert on finance either. Don't we have to give our president the benefit of the doubt that he has somewhat of a clue what he is doing? Maybe I am naive. But, I think if it were possible that doomsday was imminent as a result of his actions, he'd probably be aware of them. People react to his spending plans without doing any research and make wild accusations about the affects it will have. I'm sure obama's teams have done the necessary research on the potential effects.

I'm open to anyone who feels differently to offer a different view point. I'd love to hear how people feel. It just seems that without the necessary training, knowledge and research on the subjects at hand, no one is in a place to make an accurate judgement.



posted on Mar, 23 2009 @ 12:49 PM
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Of course the Grumpy Old Politicians (GOP)
are going to predict doomsday... but if it were one of their own doing it... he would be the saviour of the nation.

In all reality the numbers haven't added up for, well really, decades now.



posted on Mar, 23 2009 @ 12:57 PM
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Originally posted by grover
Of course the Grumpy Old Politicians (GOP)
are going to predict doomsday... but if it were one of their own doing it... he would be the saviour of the nation.

In all reality the numbers haven't added up for, well really, decades now.


That's very true. The GOP were pushing for deregulation of trading while the bubble was growing too big to support its self. But now they're complaining about how spending too much will collapse the nation. The irony is the deregulation they fought for helped get us to the collapse we're currently experiencing.



posted on Mar, 23 2009 @ 01:04 PM
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Originally posted by Helmkat

Originally posted by jam321
Republicans are fine ones to be speaking.

Doomsday started in the past and Obama's budget is just a continuation of it.


So true!

They made the bomb and sparked the fuse and now they want to complain!

Classic!


True the republicans are big spenders but let us put this into perspective.


To date, $656.1 billion dollars have been allocated to the war in Iraq. The national, state, and local numbers we provide are based on the full amount of funding approved to date for Fiscal Year 2009.


www.nationalpriorities.org...

It took about 6 years for Bush to spend 600 or so billion in Iraq, which is clearly one of the biggest spending items of the republicans.

The other big one is the TARP bailouts. Although I blame Bush for the TARP package, it was a bipartisan affair at a time with a democrat congress in control.

It took less than 6 weeks for Obama to throw a trillion in spending with trillions more on the way.

At this rate, Obama and his democrat run Congress (which by the way really control the purse strings) will make Bush look like a miserly fiscal conservative by default.



posted on Mar, 23 2009 @ 01:07 PM
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i wonder what obama supporter are thinking right now?



posted on Mar, 23 2009 @ 01:19 PM
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I don't know, but they seem awfully quiet if you ask me...



posted on Mar, 23 2009 @ 01:50 PM
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reply to post by Common Good
 


yea, that dude definitely is. anyone who defends obama is a sheep



posted on Mar, 23 2009 @ 02:19 PM
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Originally posted by Ponyboy_86
reply to post by Common Good
 


yea, that dude definitely is. anyone who defends obama is a sheep


couldn't the same thing be applied to people who blindly support republicans?

I dont think people who support Obama are sheep. I think a "sheep" is someone who blindly follows anyone.



posted on Mar, 23 2009 @ 02:20 PM
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Originally posted by madhatr137
reply to post by Common Good
 


I think the spending is quite excessive...but this is merely the continuation of the trend for the past 8 years...borrow borrow borrow...



No this is not a continued trend. Obama has more than TRIPLED the GOP deficit in 2 months. No, not a trend, this something all together new and irresponsible.



posted on Mar, 23 2009 @ 02:36 PM
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[

No this is not a continued trend. Obama has more than TRIPLED the GOP deficit in 2 months. No, not a trend, this something all together new and irresponsible.


How would you handle this situation if you were president?



posted on Mar, 23 2009 @ 02:39 PM
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Well, I was certainly a conditional supporter of Obama over McCain, so I'll be happy to speak up in reply to the complaints that there is a dearth of posting from Obama supporters. I certainly won't reply to the hyperbole about Obama being unable to tie his own shoes without a teleprompter and such. That's absurd and divisive rhetoric that doesn't advance the public debate one bit. Obama's ability to articulate his point of view on the fly vastly exceeds anything we've seen in the executive for quite some time. Whether you agree with his point of view is another matter, but let's leave the gruesome ad hominem attacks out of it.

In regards to the criticism of Obama's support for these spending plans: in my opinion, it remains too early to be seen whether this is bold or nuts. Hence I don't rush in to cheerlead, nor do I rush in to condemn. I suspect other supporters feel similarly. Isn't it going overboard with the partisan politics when we've got to show up to complement or condemn before a single result is in?

Having said that, reading the criticism is fascinating. I hope that it's off the mark. I want these policies to work, and so should you. But I don't know that they will. I think anyone posting on these forums claiming to command such expertise that they can flatly condemn Obama's policies thus far is standing a little too high on the soapbox. There are plenty of credentialed and respected economists who agree and plenty who disagree. That means it's controversial, not that it's obviously wrong. I will say this in support of his doings thus far: at least he's getting busy.



posted on Mar, 23 2009 @ 02:40 PM
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Again, why are we taking this seriously when it's from the same crowd who put us in this position in the first place?

Now it's two months into this administration, and these guys are trying to put the blame on Obama already for what they did


Their ideology simply doesn't work.

Unregulated capitalism doesn't work.

Neocon "toughguy" foreign policy doesn't work.

Now they're going to try and drag the whole country down with them, because the voters rejected that ideology.

Because that belief system is more important to them than the country, its people, its economy, or anything else.




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