By these numbers, we actually sank to 21.5 Trillion dollars?? (unless my math is wrong)
IMPEACH OBAMA NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! (and lock him and Bush up for a good long while - I say this as a former Bush supporter!)
It doesn't matter that the loans have been repaid. They increased the volume of currency and decreased its value. This is what has caused our inflation that is worse than the media would have us believe.
Bull fucking shit... our "economy" didn't get a fucking dime of that money. It all went into the banksters pockets. Where are all the loans for starting businesses and people that want to keep their homes from the same banks that ripped them off in the first place?! Oh thats right..... THERE ARE NONE. Thats were all the job creation could have been but instead it all went into the pockets of the big business assholes who fucked us over in the first place. Your a ass.
@Uaz31 Hear me out. If the banks went under, we would be fucked. The Great Depression is a good example of what happens when banks do not get bailed out. When the banks don't get bailed out, all of our saving go onto the FDIC's hands which they cannot afford to pay back. All business bank accounts are lost, thus meaning that companies have no money to pay their employees, which in return, shuts down their business since production of goods and services stops. You have to bailout the banks.
@Uaz31 As for the loans to businesses and people, the monetary policy was applied to give more money for loans to people. But, at the time, banks could not afford to give risky loans due to the recession. Now, I will not deny that it were the banks that got us into this mess. At the same time though, no banks = no economy.
Ya, I understand but as bad as it would be I believe it would be better to take the hit than pay off the banksters. They knew they would get the money from the government, its the biggest heist in history. What a terrible example our government set in all this, get a credit card instead of paying off already owed debt so to pay off criminals who robbed us in the first place and thus lowing the value of the dollar and making tax payers pay for it all. Isn't that peachy
Why couldn't they given the bailout money to small independant banks and transfered those loans to those banks instead of giving all that money to these large corporate banks that were responsible for much of the mess in the first place? Doesn't make sense to me that ya would pay off the people who robbed ya and if they can hold our economy hostage for money once...why not do it again?
@Uaz31 I can't remember the name of the bill, but there was one passed through Congress around 2002 to allow banks to give risky loans to those with a credit score of 500. So lets say a teacher, who makes $35,000 goes to a bank in 2003. That teacher could get a loan for a $750,000 house no questions asked. It is messed up don't get me wrong, but our government is at fault just as much as the banks.
@Uaz31 As for the devaluing of the dollar, I agree with you 100% but it is an unfortunate side effect of the monetary policy. People think we should back our money by gold, which is not a bad idea coming from your average Joe. People immediately think that now, our money cannot decrease in value which is not always true.
@Uaz31 But by doing this, we will have a lot of fluctuation in price levels (inflation/deflation) which can hurt an economy a lot. Deflation as good as it sounds is much worse than inflation. It would cause more foreclosures especially with people that have a fixed mortgage since their salary will decrease as well. Since the banks are now stable, we need to cut income tax to 18% if we want to achieve equilibrium again.
When Clinton took office the Nasl debt was $4.1 trillion
Clinton in 8 years added $1.6 trillion ---> $200 billion per year
Bush in 8 years added $4.9 trillion ---> $610 billion per year
Obama in 3 years added $3.6 trillion ---> $1.6 TRILLION per year
My figures are from treasurydirect. gov
braintnt 3 months ago in playlist Is God about to judge America??
If this isn't reason for reform or revolution I don't know what is.
lordkoos 3 months ago
Now im really pissed off.
knoose 3 months ago
ALMOST all of the loans were repaid?
Sooo, this means our National Debt is HOW MUCH???
Original estimate was 14.5 Trillion.
By these numbers, we actually sank to 21.5 Trillion dollars?? (unless my math is wrong)
IMPEACH OBAMA NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! (and lock him and Bush up for a good long while - I say this as a former Bush supporter!)
CAUGHTUPALIVE1 3 months ago in playlist Occupy Wall Street
What the hell!!!!!
kayjackskay 3 months ago
President Obama should be in jail for helping to orchastrate the largest heist in history.
Uaz31 3 months ago in playlist Liked videos
@Uaz31 Bush did this not Obama
patco13 3 months ago
@Uaz31 Obama wasnt President went TARP was passed. But I'm with you, they should ALL be locked up. If this isnt treason I dont know what is!
Croman513 3 months ago
It doesn't matter that the loans have been repaid. They increased the volume of currency and decreased its value. This is what has caused our inflation that is worse than the media would have us believe.
thejoolien 3 months ago 6
@thejoolien Exactly...
simonsezwut 3 months ago
@thejoolien there is only 1 to 1.5% inflation
Andydag904 4 weeks ago
@thejoolien Plus, when using a monetary policy, it comes with side effects. Inflation is one of them but monetary policies do work.
Andydag904 4 weeks ago
Where the fuck is the people's bailout?! I want to "borrow" 1.2 trillion too.
Uaz31 3 months ago 7
@Uaz31 This was not a bank bailout, this was an economy bailout
Andydag904 4 weeks ago
@Andydag904
Bull fucking shit... our "economy" didn't get a fucking dime of that money. It all went into the banksters pockets. Where are all the loans for starting businesses and people that want to keep their homes from the same banks that ripped them off in the first place?! Oh thats right..... THERE ARE NONE. Thats were all the job creation could have been but instead it all went into the pockets of the big business assholes who fucked us over in the first place. Your a ass.
Uaz31 3 weeks ago
@Uaz31 Hear me out. If the banks went under, we would be fucked. The Great Depression is a good example of what happens when banks do not get bailed out. When the banks don't get bailed out, all of our saving go onto the FDIC's hands which they cannot afford to pay back. All business bank accounts are lost, thus meaning that companies have no money to pay their employees, which in return, shuts down their business since production of goods and services stops. You have to bailout the banks.
Andydag904 3 weeks ago
@Uaz31 As for the loans to businesses and people, the monetary policy was applied to give more money for loans to people. But, at the time, banks could not afford to give risky loans due to the recession. Now, I will not deny that it were the banks that got us into this mess. At the same time though, no banks = no economy.
Andydag904 3 weeks ago
@Andydag904
Ya, I understand but as bad as it would be I believe it would be better to take the hit than pay off the banksters. They knew they would get the money from the government, its the biggest heist in history. What a terrible example our government set in all this, get a credit card instead of paying off already owed debt so to pay off criminals who robbed us in the first place and thus lowing the value of the dollar and making tax payers pay for it all. Isn't that peachy
Uaz31 3 weeks ago
@Andydag904
Why couldn't they given the bailout money to small independant banks and transfered those loans to those banks instead of giving all that money to these large corporate banks that were responsible for much of the mess in the first place? Doesn't make sense to me that ya would pay off the people who robbed ya and if they can hold our economy hostage for money once...why not do it again?
Uaz31 3 weeks ago
@Uaz31 I can't remember the name of the bill, but there was one passed through Congress around 2002 to allow banks to give risky loans to those with a credit score of 500. So lets say a teacher, who makes $35,000 goes to a bank in 2003. That teacher could get a loan for a $750,000 house no questions asked. It is messed up don't get me wrong, but our government is at fault just as much as the banks.
Andydag904 3 weeks ago
@Uaz31 As for the devaluing of the dollar, I agree with you 100% but it is an unfortunate side effect of the monetary policy. People think we should back our money by gold, which is not a bad idea coming from your average Joe. People immediately think that now, our money cannot decrease in value which is not always true.
Andydag904 3 weeks ago
@Uaz31 But by doing this, we will have a lot of fluctuation in price levels (inflation/deflation) which can hurt an economy a lot. Deflation as good as it sounds is much worse than inflation. It would cause more foreclosures especially with people that have a fixed mortgage since their salary will decrease as well. Since the banks are now stable, we need to cut income tax to 18% if we want to achieve equilibrium again.
Andydag904 3 weeks ago