Take a deep breath, folks. Obama is selling us snake oil.The Fed is
already the primary customer of bonds; so much so that the market is very soft.
The very concept of the QE-Eternal plan is to drive investors into the stock
market. That's where the rate of return is.Keep in mind this is an
artificial market. The Fed already destroyed bank savings accounts by
manipulating interest rates. (How else do you get a home loan for 3.5%?)So...now Obama is inviting business to invest in bonds for government work.What's wrong with this picture? And why would corporate money be enticed
to invest in government projects when their money is safe from US tax rates
offshore?Exhibit A that Obama is clueless as to how the free market works.
We heard the same thing 4 years ago, right when barack said if given his first
787 BILLION spendathon unemployment would not reach 8%.It soared to
over 11%Find some new material barack. Your comedy tour is
who is paying for all the public works goodies? I guess we just borrow a bunch
more money or maybe just crank up the ole printer and print some more? It's
pretty sad when the ONLY way to create new jobs is from the government ... the
private sector is being choked to death by Obamacare so no new hiring going on
there. Barack has been talking about new bridges and roads etc... shovel ready
jobs ... for nearly 5 years now and the jobs have been pretty slim pickens. To a
socialist it just seems so easy to print more money and fund more government
jobs. Too bad the 'real' world doesn't work that way. My wife
wants a new kitchen but we can't afford it right now ...I guess I could
just max out a new CapitolOne credit card like our government does but somehow
that doesn't seem too prudent in these economic times. Liberals...will they ever change???
Remember the promises Obama made about millions of green energy jobs he would
create? Never happened! All we got is billions of wasted taxpayer money on
failed Solyndra type investments.
wouldn't it be refreshing...even WAY cool...if we actually heard this guy
stand up and talk about something...other than government jobs or jobs created
by government borrowed money? I mean can you imagine how it would feel to hear
some success stories from private industry how big companies are expanding ,
hiring and building more plants. Wouldn't it be a breath of sweet fresh air
to see unemployment back in the 6% range again and hear stories of how our
national debt is 'actually' shrinking - not just the rate of growth
slowing down. I get the sinking feeling that we may never see even 6%
unemployment again and our national debt will be so impossibly high that we just
sort of don't talk about it anymore because it's too
depressing...especially for our kids sinking future. Barack is what he is and
any mis-placed hope that he might ...just might have some common practical
sense...are long gone by now. We see the predictable pattern...we follow the
same ole campaign stops... we hear the same tired old talking points and fear
mongering and it just feels really really old.
Enough already! He has done enough damage! The government needs to stop
taking our money and let the economy right itself.The government ruins
everything it touches and more of these taxing and spending mandates the longer
it will take our economy to recover.Just stop taking more of our money and
let capitalism work.Let our economy work!!!
I have lost all hope that this POTUS will honor the office he holds and govern
like a true statesman. Unfortunately, he has his cronies and sycophants that
enable his poor governance.
Public Works. Wasn't that one time called the WWW. Stories about one
group of people going out to dig a ditch, then another group goes out to fill it
up. Have we really come to this. Or I should say, gone back to that? By the
way to all you Obama defenders, Obama originally called this stuff, "shovel
ready jobs". It was supposed to happen with the stimulus. Even he admitted
later that there were not as many of these jobs as he had hoped. The unions
sure got their share of the 800 billion stimulus though. I remember when people
said Reagan was the "teflon" President. Compared to Obama, Reagan was
the velcro President. Nothing is sticking to this guy, and most of it is his
fault. Houdini would be jealous of Obamas ability to escape.
This will continue the recovery started to keep the economy growing. Remember
President Bush's speech indicating the economic sky is falling? Glad we
reelected him to get the job done.
One word in the headline is one that the King knows alot about. Spending! He
does it well.
This coming from a man who receives hundreds of millions in benefits.
@worfYou mean that your kids didn't go to the Bahamas AND Sun Valley
for spring break this year?Mine didn't either.It is VERY GOOD
to be king.
We're three months into the year.How many vacations have the
Obama's taken so far?
Too funny, it's like I accidentally tuned into hate radio.You guys
post the same exact thing on any title with Obama's name attached.I
don't know how you can stand to live in this country run by a dictator,
socialist, racist.So what was your guys answer to Americas Problems?
Start another war, that worked out well.Whats funny is how jealous
you guys are of his ability to work and vacation.