No wonder the Stimulus Bill from the House is $800 billion!

It seems that Nancy Pelosi (Speaker of the US House of Representatives) is math challenged which might explain why the cost of the Stimulus Bill is reaching the stratosphere. She seems to have a tendency to multiply the real numbers by a factor of 1,000 or more! Need proof? Then watch this video by clicking here. With people like her in charge we all need to say our prayers every night. I don’t know what is more telling, her making the mistake or that she never caught it and corrected it.

Too many Botox treatments numbed her brain…

Nancy Pelosi and Joan Rivers are starting to look like the same person.

[QUOTE=UTR;2212523]Nancy Pelosi and Joan Rivers are starting to look like the same person.[/QUOTE]

See your eye doctor UTR…Joan Rivers looks like the original cat lady…

[QUOTE=pipemanid;2212527]See your eye doctor UTR…Joan Rivers looks like the original cat lady…[/QUOTE]

You are right. Pelosi looks more and more like the Crypt Keeper.

UTR
NANCY PELOSI, who for years was our senator here
in CALIFORNIA crafted most of it. So I am not surprised by
what she added to it. Knowing the way she thinks believe me
like for us in the bay area she did nothing except harp on
what ever she was pushing at the moment. Most likley it will die
in the senate in it’s current form. So just like all she’s done for
us? [ha!,ha!] don’t worry.
ZAP.:bigsmile::bigsmile:


Obama’s approval ratings are falling like a stone and the public doesn’t want this Stimulus Bill (aka the Socialization of America Act) passed in anywhere near its current form. He had better start running from these wacko liberals in Congress or he will start to circle the drain with them. Rasmussen has Obama’s approval rating down to 55% from somewhere in the 80+% range two weeks ago. Before long he will be down in the Bush levels. The more I watch Obama the more I think he is just making it up as he goes along. Letting Pelosi write this bill and the very fact he supports it just shows how clueless he is about fixing the economy. Add to this all these people he has nominated that are tax cheats and lobbyists and he looks even less competent. I am starting to get a bad feeling about the next four years.

As the PM of Oz puts it … responding to information they have now.

I’m beginning to suspect that the current crop of Aussie pollies are somewhere over the rainbow :stuck_out_tongue:

Obama “run” from liberal wacko’s?

Obama IS a liberal wacko.

He isn’t a “voice for change”, but he plays a someone who is on TV.

If anyone anywhere believed otherwise you need one
of Bill Engvall’s signs.

Pelosi is the wicked witch of the west.

Hillary is the wicked witch of the east.

who is the man behind the curtain?

and contrary to the Dems fevered rantings the Fannie May/Freddie Mac problems that precipitated the collapase cannot be laid at GWB’s feet, the blame for that must be lain at the feet of the Dems/Libs who pushed those organizations to make loans to unqualified people.

Basically the voters put the fox in charge of the henhouse.

AD

[QUOTE=AllanDeGroot;2213349]
and contrary to the Dems fevered rantings the Fannie May/Freddie Mac problems that precipitated the collapase cannot be laid at GWB’s feet, the blame for that must be lain at the feet of the Dems/Libs who pushed those organizations to make loans to unqualified people…[/QUOTE]

The continued assertion that the present economic meltdown is the result of
home loans made to unqualified buyers is not only ludicrous but inaccurate…
Unregulated financial derivative formation and CDO’s are responsible for our present condition…
And the architect behind the deregulation of CDO’s is…Phil Gramm…

“[I]As Congress and the White House were hurriedly hammering out a $384-billion omnibus spending bill, Gramm slipped in a 262-page measure called the Commodity Futures Modernization Act. Written with the help of financial industry lobbyists and cosponsored by Senator Richard Lugar (R-Ind.), the chairman of the agriculture committee, the measure had been considered dead—even by Gramm. Few lawmakers had either the opportunity or inclination to read the version of the bill Gramm inserted. “Nobody in either chamber had any knowledge of what was going on or what was in it,” says a congressional aide familiar with the bill’s history.[/I]”

[QUOTE=pipemanid;2213464]The continued assertion that the present economic meltdown is the result of home loans made to unqualified buyers is not only ludicrous but inaccurate…
[/QUOTE]

This is a HUGE reason we are in this mess because it started the proverbial snow ball rolling down the hill. It also caused the rapid rise in home values and the resulting rapid decline that has damn near made the major financial institutions insolvent. The government pushed these loans and Freddie and Fannie did their bidding. Now these same idiots like Barney Frank, Chris Dodd etc. that caused our housing problems are in charge of fixing them. The government can’t spend its way out of this mess anymore than you, or I, could borrow and spend our way out of bankruptcy if we lived far beyond our means for decades.

[QUOTE=UTR;2213491]we lived far beyond our means for decades.[/QUOTE]
Amen :bow::bow::bow::bow::bow::bow:
That is the most Intelligent statement I’ve seen associated with your Nick :iagree:

The housing loans might be 10-15%.
But that just gets the ball rolling, and was all really just the icing on the cake.
If anything, it just accelerated or accented the problems that were already present …

The world would have hit the brick wall soon anyway.

[QUOTE=AllanDeGroot;2213349]Obama “run” from liberal wacko’s?

Obama IS a liberal wacko.[/QUOTE]

/me envisions Armani clad loons running out of the white house chased by Obama, bills in his hand, yelling “Won’t Somebody Think of the Children!”.

[QUOTE=UTR;2213491]This is a HUGE reason we are in this mess because it started the proverbial snow ball rolling down the hill. It also caused the rapid rise in home values and the resulting rapid decline that has damn near made the major financial institutions insolvent. The government pushed these loans and Freddie and Fannie did their bidding. Now these same idiots like Barney Frank, Chris Dodd etc. that caused our housing problems are in charge of fixing them. The government can’t spend its way out of this mess anymore than you, or I, could borrow and spend our way out of bankruptcy if we lived far beyond our means for decades.[/QUOTE]

True, so true.

/me envisions Armani clad loons running out of the white house chased by Obama, bills in his hand, yelling “Won’t Somebody Think of the Children!”…Debro

Me too.

[QUOTE=debro;2213493]Amen :bow::bow::bow::bow::bow::bow:
That is the most Intelligent statement I’ve seen associated with your Nick :iagree:

The housing loans might be 10-15%.
But that just gets the ball rolling, and was all really just the icing on the cake.
If anything, it just accelerated or accented the problems that were already present …

The world would have hit the brick wall soon anyway.[/QUOTE]

I used a graph in a response awhile back and it really shows where our problems lie here in the USA. When you look at it just think what the line will look like if we go into trillions and trillions more debt in just the next 1-2 years. We are headed for financial Armageddon if spending isn’t brought under control.

Now think of the period when the USA was in great shape financially and look at how flat the line is during this time. We didn’t even run budget deficits during the Great Depression like we are proposing today! Not only were we going to hit the brick wall but now Congress and Obama are turning on the afterburners to make sure we hit it at supersonic speed.

I believe that the people in charge do not believe that deficits matter. Some people believe the ultimate wealth of a nation is it’s ability to produce. I believe that the manufactures of money printing machines would be a good investment because they are going to start printing a sh@tload of money and bread will be $5.00 a loaf. If you don’t have a house you will need 30% down and have a mortgage at probably 12 to 18$. We used to call this the '70.s , but I think 2009 is going to make the '70’s look like the 30’s.

[QUOTE=UTR;2213491]This is a HUGE reason we are in this mess because it started the proverbial snow ball rolling down the hill. It also caused the rapid rise in home values and the resulting rapid decline that has damn near made the major financial institutions insolvent.[/QUOTE] http://www.businesspundit.com/sub-prime/

[QUOTE=UTR;2213491]The government pushed these loans and Freddie and Fannie did their bidding. [/QUOTE][I]“The key question, however, is the effect of relaxed lending standards on lending standards in non-CRA markets. In principle, it would seem impossible–if down payment or other requirements were being relaxed for loans in minority-populated or other underserved areas–to limit the benefits only to those borrowers. Inevitably, the relaxed standards banks were enjoined to adopt under CRA would be spread to the wider market–including to prime mortgage markets and to speculative borrowers. Bank regulators, who were in charge of enforcing CRA standards, could hardly disapprove of similar loans made to better qualified borrowers. This is exactly what occurred. Writing in December 2007 for the Milken Institute, four scholars observed: “Over the past decade, most, if not all, the products offered to subprime borrowers have also been offered to prime borrowers. In fact, during the period from January 1999 through July 2007, prime borrowers obtained thirty-one of the thirty-two types of mortgage products–fixed-rate, adjust-able rate and hybrid mortgages, including those with balloon payments–obtained by subprime borrowers.”[/I]
Read the entire article and see if you still have such enthusiasm for unbridled capitalism…

[QUOTE=UTR;2213491] Now these same idiots like Barney Frank, Chris Dodd etc. that caused our housing problems are in charge of fixing them. The government can’t spend its way out of this mess anymore than you, or I, could borrow and spend our way out of bankruptcy if we lived far beyond our means for decades.[/QUOTE]It’s going to be a long 8 years…:smiley:

[QUOTE=UTR;2212917]Rasmussen has Obama’s approval rating down to 55% from somewhere in the 80+% range two weeks ago. [B]Before long he will be down in the Bush levels. [/B] The more I watch Obama the more I think he is just making it up as he goes along. Letting Pelosi write this bill and the very fact he supports it just shows how clueless he is about fixing the economy. [B] Add to this all these people he has nominated that are tax cheats and lobbyists and he looks even less competent. I am starting to get a bad feeling about the next four years.[/B][/QUOTE]

Wow, Obama’s approval ratings being almost as low as Bush’s?

Isn’t Obama supposed to be the Messiah that would magically fix the mess Bush put this country in?

Isn’t Obama going to save the world by his very presence?

Isn’t he going to usher in a new era of responsibility and post-partisan politics?

Looks like an ordinary Chicago Machine politician to me…


In spite of this, I do hope he can do something about the economy, but I’m not holding my breath. The Senate and Congress in general appear to be in total gridlock.

[QUOTE=pipemanid;2213519]Read the entire article and see if you still have such enthusiasm for unbridled capitalism…[/QUOTE]

I am much more afraid of unbridled government (aka socialism/communism) than I am capitalism.

[QUOTE=pipemanid;2213519]It’s going to be a long 8 years…:D[/QUOTE]

If Obama doesn’t produce results it will only be four long years.

[QUOTE=UTR;2213658]If Obama doesn’t produce results it will only be four long years.[/QUOTE]
Assuming the USA can afford to hold the circus in 4 years :wink: