Simon Posted November 6, 2012 Author Posted November 6, 2012 That needs to include dollars that we spend by cutting taxes without cutting expenditures. Neither party is proposing anything remotely like fiscal responsibility. This thread begs the question: If you live in 'Bama are you going to vote for the Round Mound as governor?-)
peterpan Posted November 6, 2012 Posted November 6, 2012 (edited) "The Dollar is down" is a relative statement and depends on which other currency you're speaking of. Your statement really applies to inflation. Well, the Dow closed at 8696 on November 6, 2008. yesterday it closed at 13175. That's 66% improvement. There has not been 66% of currency inflation in the last 4 years. The cumulative inflation rate over that period has been 7.5% As for the dollar 11/5/2008 Euro = $1.330 Yen = $0.010 (This exchange is typically shown in the other direction 1USD to 98.95JPY) Pound = $1.61 11/5/2012 Euro = $1.28 US dollar is up Yen = $0.012 US dollar is down (This exchange is typically shown in the other direction 1USD to 80.30JPY) Pound = $1.59 US dollar is up So the Dollar is up against 2 major currencies and down against a third. Not to enter an economics debate, but it could also be argued the a weaker dollar vs. the yen helps US domestic industry by making imports more expensive by comparison and encouraging foreign investments in the US. I'm just presenting the numbers, they are what they are. Comparing our fiat currency to other countries who are also devaluing their fiat currencies is futile to say the least. Gold per ounce 2000 = $280 2012 = $1790 Silver per Ounce 2000 = $5 2012 = $30 Crude Oil per Barrel 2000 = $27 2012 = $93 Gasoline per Gallon 2000 = $1.60 2012 = $4.00 Whole Milk per Gallon 2000 = $2.80 2012 = $3.65 The reason Oil and Gas haven't gone up as much as Gold and Silver is because of increased supply and a decreasing demand. If you look at the first chart within the link below, you will see that gas prices really started to rise shortly after Nixon took us completely off the gold standard in 1972. That is not a coincidence, this is showing the increase in cost, which as the second graph shows, is really caused by devaluing of the dollar. If you notice, once adjusted for inflation, the price of gas has gone up only 22 cents per gallon since 1919 http://www.consumere...over-the-years/ They don't ask for your ID out here in California either. Although just like New York, your vote doesn't really count here as well. its not that I think I should show ID per say, its just how appalled I was that I could have voted for someone else, or I could have registered as Big Bird and showed up and said I am Big Bird and am here to vote and they would have let me. Corruption must be rampant, and I'm not surprised there is no evidence of it either - how could there be when the system is SO open? Edited November 6, 2012 by peterpan
Buffalo 66 Posted November 6, 2012 Posted November 6, 2012 Two very depressing topics in America today 1) The Buffalo Bills 2) Politics Well the Bills season is over and lets HOPE for a CHANGE!
JPS Posted November 6, 2012 Posted November 6, 2012 If Obama wins, it will be four more years of the Bills using first round picks on first-contract-and-out DBs, or RBs who get replaced every 3.5 years. It will be four more years of no real quarterback, no real defensive coordinator, and an inept owner. If Romney wins, the Bills will obtain a franchise QB and a top tier coaching staff. Mario's wrist will heal, and he will become the player we'd all hoped for. Well played.
Buffalo 66 Posted November 6, 2012 Posted November 6, 2012 Two very depressing topics in America today 1) The Buffalo Bills 2) Politics Well the Bills season is over and lets HOPE for a CHANGE! I cant take four more years of Barrack or 8 more games of Chan!
ALLEN1QB Posted November 6, 2012 Posted November 6, 2012 Shoulda thought of that when Bush was sending $600 to every taxpayer just prior to his reelection (which added to the deficit) and started a massively expensive war with Iraq (which massively added to the deficit). The Bush gov't did just as much as Obama to get us into this mess, and if your remember, inherited a balanced budget. Believe me, Washington politicians don't mind adding to the debt, they just want to be the ones spending the borrowed money. Come on here we go again it's all Bushes fault! When is Obama going to own this. The problem started when all the dems wanted everyone to have a share of the American dream and own a house and forced all the banks to approve everyone even when the republicans warned them. It just happened that the **** hit the fan when Bush was in office. We all know what Obama would have done if 911 happened on his watch just look at libya. He let all those poor souls perish without sending anyone in to help them even after they were pleading for it.
JPS Posted November 6, 2012 Posted November 6, 2012 I sure as hell never got that check! But I did get Obamas 8k homebuyers credit. Thanks for paying my mortgage boys! I personally believe that Israel would have already bombed Iran if we didn't make them be our little lap dog. Then us and Israel would have gotten what we want years ago- a nuclear free Iran - without America having to step in and do anything. I can tell you the $8,000 credit was at least an attempt to stop the bleeding. Only history books will determine it's effectiveness. But if the Gov't did nothing, then people would B word that the economy was in the tank and they just watched it fail. So...damned if you do.......
The Wiz Posted November 6, 2012 Posted November 6, 2012 Two very depressing topics in America today 1) The Buffalo Bills 2) Politics Well the Bills season is over and lets HOPE for a CHANGE! I cant take four more years of Barrack or 8 more games of Chan! I believe this is what is referred to as stat padding.
KOKBILLS Posted November 6, 2012 Posted November 6, 2012 (edited) I voted for Gary Johnson...If I lived in a battleground state I would have voted Romney...But in NY what's the point? I'm the opposite of an Obama fan...Whatever that is...He's like the Jets to me...I have disdain... Edited November 6, 2012 by KOKBILLS
Buffalo 66 Posted November 6, 2012 Posted November 6, 2012 I voted for Gary Johnson...If I lived in a battleground state I would have voted Romney...But in NY what's the point? I'm the opposite of an Obama fan...Whatever that is...He's like the Jets to me...I have disdain...
TakeYouToTasker Posted November 6, 2012 Posted November 6, 2012 Writing in a Ron Paul/Ryan Fitzpatrick ticket.
Buffalo 66 Posted November 6, 2012 Posted November 6, 2012 Writing in a Ron Paul/Ryan Fitzpatrick ticket. Ron Paul Ryan Fitzpatrick
The Wiz Posted November 6, 2012 Posted November 6, 2012 Writing in a Ron Paul/Ryan Fitzpatrick ticket. Ron Paul Ryan Fitzpatrick Both have been major let downs this year.
peterpan Posted November 6, 2012 Posted November 6, 2012 I can tell you the $8,000 credit was at least an attempt to stop the bleeding. And Ryan Fitzpatric was an attempt at a Franchise QB What I dont get is, Bush tried a homebuyers credit, it didn't work, so Obama tried one too. The same could be said for the Bank Bailouts and Auto Bailouts etc. Yet some people hate Bush and love Obama. What gives? They are basically the same guy. Then, the liberal media keeps trying to tell me that Romney is going to use the same policies as Bush - that couldn't be further from the truth.
The Wiz Posted November 6, 2012 Posted November 6, 2012 (edited) And Ryan Fitzpatric was an attempt at a Franchise QB What I dont get is, Bush tried a homebuyers credit, it didn't work, so Obama tried one too. The same could be said for the Bank Bailouts and Auto Bailouts etc. Yet some people hate Bush and love Obama. What gives? They are basically the same guy. Then, the liberal media keeps trying to tell me that Romney is going to use the same policies as Bush - that couldn't be further from the truth. Bush required the money to be paid back. Obama didn't. Either way it was a good deal. Obama's was just sweeter. Edited November 6, 2012 by The Wiz
papazoid Posted November 6, 2012 Posted November 6, 2012 maybe after this political thread runs its course.....someone could start one on the best religion.....
JPS Posted November 6, 2012 Posted November 6, 2012 Come on here we go again it's all Bushes fault! When is Obama going to own this. The problem started when all the dems wanted everyone to have a share of the American dream and own a house and forced all the banks to approve everyone even when the republicans warned them. It just happened that the **** hit the fan when Bush was in office. We all know what Obama would have done if 911 happened on his watch just look at libya. He let all those poor souls perish without sending anyone in to help them even after they were pleading for it. Not saying it's all Bush's fault. Hell, I voted for the guy. But you can't hang 16 trillion on Obama when the Bush govt spent like drunken sailors, including a nice $600 check right before the election. That really turned me off to him. Especially when I knew it was deficit spending that he was "giving" back to us. I'm just assigning blame where it belongs....to both parties in that dysfunctional cesspool we call D.C. .
peterpan Posted November 6, 2012 Posted November 6, 2012 Bush required the money to be paid back. Obama didn't. Either way it was a good deal. Obama's was just sweeter. yes I know that. Same thing was true of the bank and auto bailouts. Obama just took Bushes policies to the next level (or you could argue he skipped a few levels lol) So there was Obama and 'Obama light', or Bush and 'Bush heavy'. The Repbulicans and the Democrats are very very similiar unfortunately.
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