Obamanomics

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Great advice for President-elect Obama and well written!

Actually, there are significant psychological parallels to our current situation

Panic breeds panic, and eventually madness ensues.

So perhaps my compassion level might be off kilter, but we all know that some of us are already infected

If your debt is too high, or you???re upside down in your property, or you have been playing leverage games your already as good as dead.

Those of us who are NOT infected must be wary of those who are, because once their death becomes apparent to them, they will try and eat YOU just to stay alive.

Pumping money into the walking dead is more than counterproductive, it is morally wrong. We must dispatch the dead from our midst???s before they consume us.

No more bailouts for anyone!! Just behead them and burn them while we can.

???Only banks can loan money they don???t have and charge interest for it. Because the elite who own
the banks made it a policy that the bank can loan 10 dollars for every 1 it actually has.
That is what created the current financial mess or as they say problem with liquidity.
They created the problem by loaning money they did not even have to loan.
Dishonest usury is what it is.

Full disclosure of banking policies would be nice lets have it all put on the table for every one to
see just how corrupt they are taking food and housing from people who work hard while they sit
in there penthouses reading about bank bailout's. No don???t feel sorry for them feel sorry for the
people who are being crushed under there feet from the dishonest usury.

Most people had to give a down payment before 2004 for a home and if you where considered
risky you had to give a bigger down payment.
For example
on a loan of 180,000 with medium to low risk you would fork out 7000.00 to buy a home.

Now what does that translate into for the bank.
The banks can loan 10 dollars for every 1 dollar they have and charge interest for the loan.
win - win for the bank
1 = 10 for them right off plus interest
7000 = 70,0000 plus interest
then you have a payment of 750.00 or so with interest on the loan
750.00 = 7500.00 plus interest per month as you pay in for them
1 year of payments = 90,000 plus interest for them to loan to others.
so if you put 7000.00 down and finance 180,000.00 they get repaid in one year with a payment of
750.00
Sounds strange but remember 1 dollar is as good as ten to them for every dollar they take in they
can loan 10
So don???t feel sorry for them and bail them out. Bail out the public who just keeps paying not
knowing any better.

If you paid a down payment on your house and then you paid on it for even a year you paid it off
in the banks books. 30+ times over if you paid for 30 years.

They use that extra money after the year to pay there salaries of 22 million for 22 days on the job. What a joke.

Only banks can loan money they dont have and chanrge interest for it. Because the elite who own the banks made it a policy that the bank can loan 10 dollars for every 1 it actually has.
That is what created the current finacial mess or as they say problem with liquidity.
They created the problem by loaning money they did not even have to loan.
Dishonest usery is what it is.

Full disclosure of banking policies would be nice lets have it all put on the table for every one to see just how corrupt they are taking food and housing from people who work hard while they sit in there penthouses reading about bank bailout's. No dont feel sorry tor them feel sorry for the people who are being crushed under there feet from there dishonest usery.

Most people had to give a down payment before 2004 for the home and if you where considered risky you had to give a bigger down payment.
For example
on a load of 180,000 with medium to low risk you would fork out 7000.00 to buy a home.

Now what does that translate into for the bank.
The banks can loan 10 dollars for every 1 dollar they have and charge interest for the loan.
win - win for the bank
1 = 10 for them right off plus interest
7000 = 70,0000 plus interest
then you have a payment of 750.00 or so with interest on the loan
750.00 = 7500.00 plus interest per month as you pay in for them
1 year of payments = 90,000 plus interst
so if you put 7000.00 down and finance 180,000.00 they get repaid in one year with a payment of 750.00
not even considering the interest.
Sounds strange but remember 1 dollar is as good as ten to them for every dollar they take in they can load 10
So dont feel sorry for them and bail them out bail out the public who just keeps paying not know any better.

The real value of the Dow = 6100 NAS = 1200 S&P = 400 it will reach these values and it may go lower you can move stocks around from one index to the other and so on but this is the overall value. It has been pumped up artificially then they let the air out after they bilk the public for there savings. Its a Joke.

Paulson is a liar and they the people behind him will say anything to accomplish there aim bringing you and I to our financial knees to the benefit of big coporations. There is no america anymore its gone only corporatism and greed are left and they will soon fall too. By Febuary 2009 the paper money they print daily in the sum of billions of dollars will be uterly valueless even now they are making there last moves in order to seal the deal.

It is amazing to me how people are so convinced that the economic state we are currently is Bush's fault. There are many decisions that he made that people have a right to question, I am certainly not going to argue that, but for people to think that one administration can create an economic meltdown of this magnitude is fascinating. There are so many moving parts to this problem that even the smartest economists, investors, and leaders in this country and the entire world for that matter don't have all the answers to fix it. There are numerous places to point the finger here. The American public is the first place to start. Leverage, borrow, spend without ever saving or having the realization that there will be a time you might have to pay for what ever it was you purchased. Then the fact that we had articially low interest rates for years followed by this idea that we should make sure everyone owns a home and lowered that standard of borrowing never actually making sure that whatever was borrowed could be paid back. The current credit crisis and housing crisis that has choked our economy was created long before Bush came into office. The scary part is that most of the general public does not understand how bad it really is and how long it will take to come out of it. This notion that Obama can just come and clean it up with a simple ideology is nonsense.

40 Year D ??? finally you took a break, I???m proud of you. Do that more often, it???s good for you. Did you take a bike ride? You crack me up. Well, I don???t know what you do but I do notice that you must really like the goofballs because you spend a lot of time on the Newsweek website. Listen, you sound like you need a vacation. Go to Mexico or South America or anywhere else??? you should be able to take time off and take a vacation. When you get back, I guaranteed you will kiss the ground. Because no matter where you go, there is no other place in the world like the USA! This may change I pray it doesn???t because I???ve traveled and I love my country. I don???t like the fool that will take office in January.

Well, gotta go again. I???ve got a real life and have to many things to do. I???m a mother, a wife and I work full-time. I get on when I can.

Bye

The bigger problem is your belief that ideology should determine policy. But Obama is a pragmatic common-sense problem-solver, as he should be. Decades of free trade, unregulated greed, and unchecked outsourcing have left the US economy over-leveraged and over-indebted with an evanescent industrial base. That does NOT work., but you don't care. An example of your bias is your statement that Fannie Mae is not needed any more. But you admit it was created toensure housing loans would be made, and everyone knows that they are not being made right now. Come back to me when you can think straight.

Oversimplifications are dangerous. For example, India's balance of payments crisis was solved by large remittances from expatriates, encouraged by special interest rates as well as appeals to nationalism.. And during these 20 years, India has made no progress on poverty, illiteracy, hygiene, population control or clean water. India's indigenous businesses have suffered in the face of extremely well financed foreign firms. corporations.

"Sunshine": "If he did that before he got elected..." More horribles in your head, only.

Many of us who were paying attention decided that an important factor, in addition to his superior intellect, in voting for Obama, is that he did not engage in the lies, distortions and smears that the Bush machine McC hired immediately commenced and conducted right into election day.