Democrats were too, they helped give him the power to do just that.

All I can find is talk about those others though. No action about serious use of fossil fuels or nuclear plants like we currently use. Everything has to be green and it's just not the time to be throwing money away at it. Granted we are only a month and change in and the actions may change but I do not see Obama being big on anything but green energy. as it is, he can't cut the fossil fuels we use now because too many would lose jobs. But once the economy comes up and can take the job loss hit, I don't believe he'd have any issues cutting it loose.

What would have been wrong with him saying, "I have inherited a massive deficit, and even though we are in financial distress, I am going to hold the line on additional spending?"

I will NEVER buy into the theory that piling on additional debt, will stimulate the economy. How can you believe that in just 2 years we are going to grow by 4 or 5%?

This is a huge risk.

all I can say is I didn't vote for him but I don't wish him to fail either. wishing him to fail would hurt our country, so of course I don't want that.

Fossil fuels, while still needed are just what the name implies, Fossils.
They will be phased out little by little. Nat gas and coal will linger the longest as they can be easily supplied here in the US.

Nuclear Power is considered Green. (I know, go figure) Anyway there are over 100 scheduled to be built soon.
Im not a big fan of the nukes, but when you look at how many have died from them compared to how many have died in the ME trying to defend our supply of crude, I guess Nukes are less deadly!

Obama sent his Hillary to China to suck to them and beg mo money.
She did some big time brown nosing!

we don't have to borrow money from china, our federal reserve creates it out of thin air. don't believe me? watch this video of a congressional hearing where the very subject was brought up and not disputed by ben bernanke the feds chairman.

http://www.youtube.com/watch?v=yJBJkDd28pk

ask yourself why would we borrow from anyone else if we can just print it!!

It was just in the news. China is our banker.

I am beginning to think, that it is pointless, to hope for the restoration of the united states of america. There is a reason behind the fact that every empire fails, and I think that reason is that the people of empire, (for some reason), begin to desire to destroy it. No empire, no matter how powerful, can fight it's own people, and so it falls.

Those who are optimistic of Obama rethorics, are all intent of "doing something". Everyone realizes now, that the USA is in the deep sh!t black-hole, and everyone has their plans on how to fix the situation. Most of this plans, however, are no different than those of children and wanna-bes. Just like a child, who thinks he is a businessman if he has got himself a cell-phone and laptop, and now always appears with his laptop underarm and a phone stuck to his ear, whether anyone is calling or not.

Same here, with these projects to help the economy. Green energy? Solar power, wind power? You think this can be literally ordered to appear? An asshole way on top just issues a new law, and it will just sprung up, out of nowhere? What a wonderful world. If this was the case, then all we would ever need is a dictature, because the dictator would just order all the new technologies to be born into existence.

So, what will happen? Let us first see what will happen to that child with a laptop and cell phone. He will not make a buck, not any time in the future, because he is only posing. Instead, he will be worse off, because of an incurred expense of laptop purchase, and monthly payment for his cell service. Likely, that his purchases were financed too, adding interest and service fees on every purchase amount on top of a corresponding principal.

The same will happen to all your stupid projects. A technology is born out of necessity, by an on-the-edge businessmen, and not by a decree of an incompetent bureaucrat in the government. It is born and survives through constant improvement designed to increase it ROI, not to feed more and more jobless entitlees. All of these projects will end up being a worthless waste, only costing america more money in the long run. Because these undertakings are beginning with a government-given bounty, never at any time any one of these projects will be run to achieve a positive RIO. Instead, everything possible will be do to achieve a positive return on investment on the backside, by the parasites who run these projects. This means, in plain English, that everyone involved with these fantasy fest, will do everything possible to render these projects overly expensive failures.

Just like a wanna-be businessman, these projects will only look good, and send in some good-looking but falsified information to the system control mechanism. Some day, they will be proved to be a tremendous boondoggles. It is only then, it will, be discovered that they were never "delivering" in the first place. It is an another example of "Potemkin's Villages".

Funny thing is, everything could be fixed starting tomorrow. How? By a return to constitutional principles. By removal of any possibility of voting on third party property. By doing away with a socialist principle of universal suffrage.

But it won't. Because the people of the empire, like their dreams more than they like their empire.

exactly. and I'm all for phasing out of old ways but they need to be phased out. too many special interests for the environment want action right here right now but it' barely economically feasible in good times, let along our worst recession in a couple decades.

I really hope the nuclear plants actually get built. 100 of those (if they're sizable) would easily remove most of the need for old technology for electricity but unfortunately, nobody wants them in their back yards so they're hard to get built.

rampant inflation.



Currency is like any other commodity. Compare it on a supply and demand curve: The dotted line is the demand of USD in the world compared to x (an unknown). If all other currencies remain in the same supply, S0 is the supply now of USD and P0 is where the equilibrium point is and the current value of the USD in relation to x (unknown). if you increase printing of USD to the line S1, you can see that where it crosses the dotted line is lower vertically, at point P1. That represents a drop in price (the vertical scale).

if we were 100% self-sustaining it'd be no issue because American goods would not go up in price relative to the costs. unfortunately, oil alone is a reason we can't print out way out because inflation will drive the cost of oil up as it's sold on a world market and sold on the USD. Not to mention that once that happened, foreign speculators would jump on it causing a snowball effect. just like other items like technology and resources. domestically, inflation changes nothing - it's all about the hit you take in foreign trade.

Anything sold on the world market by a certain currency, with all else equal of course, will change in price inversely with the inflation of that currency.

So yes, while the money can be printed out of thin air, the ramifications would be disastrous and you would without a doubt see the fall of America.

THANK YOU!!!!




I am beginning to think the flaw withdemocratsis that they don't care as long as they spend enough money. In fact, wasn't it Nancy Pelosi that said it is the governments responsibility to spend money?


I guess my whole point is everyone seems to think this is all one sided. Our federal government is corrupt in it's entirety. Not just the republicans.

ok, i guess if it was in the news then it MUST BE TRUE.

isn't that what we are seeing? the dollar now is worth 4 cents compared to it's value in 1913, that's a 96% devaluation in just 96 years. this is caused by pumping too much fake money into the system which causes inflation and devaluation of the dollar.

It's true bro... As Andrew said, the problem is runaway inflation. They are trying to prevent that for right now so things don't happen so fast. Remember, the main goal of these people is a one world government. So this is where some wealth is distributed to China from the U.S. In the end it all goes to the same cause if you think about it doesn't it?

May I say Chernobyl to this??

You may!

Chernobyl

I said it too

guys, the same people who own our federal reserve bank, own the other central banks in all of the other countries. ask yourself how they managed to make this a world wide crisis with every country going through the exact same thing. we aren't borrowing money from china itself, we are borrowing it from the central bank. that's just like thinking that if a country borrowed from the federal reserve, they would owe it back to the united states. they won't owe it back to the US, they would owe it back to the federal reserve.