Dr. Paul is Wrong About The Economy! Bush Says There Is No Recession! Thank The Lord!

Wish I could see a poll of the American people on this one. I'll bet more would believe Bush.

He just made himself out to be more of a madman than anyone thought !! I love that :)

"Middle Eastern nations who drop their dollar peg would significantly decrease inflation, Alan Greenspan told Saudis at a conference in Jeddah yesterday. Inflation in the Saudi kingdom is surging at roughly the same rate as the U.S.’s PPI, up 7%, a 27-year high. Likewise, in the UAE, inflation is climbing at a rate of 9.3%, a 19-year high.

"In the short term, free floating,” Greenspan said, “will not fully dissipate inflationary pressure, although it would significantly do so.” As if the dollar weren’t in bad enough shape… the former chairman of the Fed is telling Saudis to ditch the greenback."

-As Reported by Agora Financial Today, Feb 28th

Proud member of Ron Paul's Revolution

W just looked at the graph of the decline of the dollar upside down. With that he thinks the dollar has been on a tear in recent times.

Ah Trapp, Trapp, Trapp...It is interesting that many economist are now saying that this "down-turn" is far different than any previous ones in our history. First, there is such inter-connection within the economy and the structure of financial securities that each carries with it a risk that closely associates or influences another sector or instrument. Today, yet another of those arcane instruments fell into disrepair and that is the VRDNs (Variable Rate Demand Notes) which are considered "low-floaters" with short-term rate variables, usually setting every 7 days or so, used by cities and states who issue long-term taxable or tax-exempt bonds. Like Auction Rate Securities, cities and states depend on these instruments to finance their operations. Now however, since there is a major issue with both these instruments, you will see cities and states unable to raise or insure their bond issues and thus unable to raise the necessary funds which will drive them to bankruptcy.

This is only the beginning, many of these arcane instruments are issues placed to corporations, banks and institutional investors. This is an additional risk that is now being added to the credit markets, which as we know is gasping for breath. Now, since the entire economy is based upon and its growth depends upon the expansion and ease of credit to sustain itself. Additionally, there are other arcane investment and financial instruments, such as the CDS (Credit Default Swaps) that are at risk and all since the entire financial and monetary structure of the global economy depends on such instruments there is a very real danger that this is getting beyond the control of any regulatory, governmental or securities agencies to contain it at this stage of the game.

What I find amazing is in the summer of 1929 everyone thought there were no problems....never say never, or haven't you learned that lesson yet?

All he seemed to have on his mind was making sure he sold the House and the American people on giving immunity to the telecoms spying on US...

Then he told that great joke about how the economy was NOT in a recession, never mind a depression.....I LAUGHED....

In Christ,
Dave

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it's a full blown DEPRESSION!

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We recognize the obvious and can have fun too! What an insanely pompous as* Bush is. His denial is madness. Lord help us.

Ron Paul 2008

I'm going to go buy a new car,
get my legs waxed,take a long vacation,throw a party,sell all my silver,remodel my bathroom
and send Bush a dozen long stem roses.Happy days are here
again!!!!

Jolly good show! How right you are. I feel like an undercooked Yorkshire pudding, eh, what? A smashing young fellow indeed is this Master Bush -- of impeccable pedigree, too, of course. Obviously, those damned natives are restless once again. Will this madness ever end? Such an ungrateful, uncivilised and uncouth lot Just accept world empire -- damn it. Do we need to give you all a damned good thrashing? It's just not cricket!

Oh look, it's time for tea and I'm absolutely parched. Toodle doo.

There is no recession in despotism.

"Walls are stronger than the men that defend them."

Ghegis Khan

At one time the definition of recession was a depression. Recession is simply a more acceptable term for a depressionary slump.

buha haha hhahh ahhaha ahhah ahah buha hah bukakke

I think Bush is right on this one. You can't have a recession when your currency is completely destroyed. :)

Pheeew, am I feeling better to hear this, wow! These 'leaders" are such great honest people. Heh

thanks, he pissed me off, and I needed that to cool off.

I wonder if what he meant was that the US wasn't headed for a recession because it was headed for absorbtion into the NAU...hmmm...

My bullshit-o-meter just broke. Thanks king george, you just set the bar at an all time high...

There's no doubt the man is a putz and a criminal of the highest order, but don't start calling him an idiot too quickly. yes, he seems to clearly have deminishing mental capacities, but he got himself (certainly with a lot of help, but even so) to be the leader of the (less and less) Free world, and managed to hold off being impeached for 8 years of delisional psycosis. He may not be smart, but someone with all that power and money isn't necessarily stupid either. Frankly, as painful as it is, i think he's got us right where he wants us..

~I will never again accept the lesser of two evils.~

"We'll make it through this period just like we made it through other periods of uncertainty during my presidency," Bush said.

We have? I'm still uncertain and wondering when the other shoe is going to drop...