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  1. #1 Bloodsucking Dems Want More Of Your Money. 
    Congress May Need to Fund Another Stimulus, Pelosi Says

    By Lori Montgomery
    Washington Post Staff Writer
    Wednesday, March 11, 2009; Page D03

    House Speaker Nancy Pelosi said yesterday that the federal government may have to spend even more money to shore up the nation's ailing economy, on top of the more than $1.6 trillion so far approved by Congress.

    Pelosi's remarks came after senior House Democrats met behind closed doors with four prominent economists, who praised the actions taken by Washington to ease the effects of a recession that threatens to be the most severe since the 1930s. The $787 billion stimulus package, a $700 billion bailout for the U.S. financial system and President Obama's proposal to stem the tide of residential foreclosures are all sound policies that should begin to make a difference in the coming months, they told lawmakers.

    Still, all four told lawmakers that there is a high probability that more money will be needed later this year to stabilize the banking system and, perhaps, to stimulate economic activity more generally.

    "Policymakers need to do more. I don't think we're done," said Mark Zandi, chief economist at Moody's Economy.com, who has been advising House Democrats. "I think another stimulus package is a reasonable probability, given the way things are going. I think more money for financial stability to shore up the banking system is likely. That's very likely. And I think more money for foreclosure mitigation may also be necessary at the end of the day."
    Unbelievable! So when we run out of the fake but actual money we're tossing around now, will we move to the My Little Pony monetary standard or what? :eek:

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  2. #2  
    Senior Member tacitus's Avatar
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    Looks like the other shoe just dropped.
    "If every poor man is to come here and start requesting money for all his children, the applicants will never be satisfied and the nation's finances will collapse." Emperor Tiberius: Tacitus:Annals




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  3. #3  
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    That should make the stock market go down even further. Printing all this money will cause massive inflation and high interest rates down the road.
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    Power CUer FlaGator's Avatar
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    If this keeps up, today's currency will have as little value as confederate currency did near the end of the Civil War.
    Cast your burden on the Lord,
    and he will sustain you;
    he will never permit
    the righteous to be moved.
    Psalm 55:22
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    One of the main reasons that these banks do not want to tell Congress and us how they spent TARP 1 is because a great deal of that money went to cover losses overseas. This would really piss of the masses in this country if they let that cat out of the bag.
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  6. #6  
    LTC Member Odysseus's Avatar
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    To the tune of Fool on the Hill:

    Day after day,
    On Capitol Hill,
    Pelosi and Reid are drafting another stimulus bill
    But nobody seems to like it,
    They can see that itís just a tool,
    And they never seem to notice,

    But the tools on the hill,
    See the job marketís down,
    And the NASDAQ has tanked,
    And the Dow spiral round.

    Across the way,
    Head in a cloud,
    The man with the teleprompterís talking perfectly loud
    The media seems to love him,
    And the sound he appears to make,
    And they never ask hard questions.

    But the tools on the hill,
    See the job marketís down,
    And the NASDAQ has tanked,
    And the Dow spiral round.

    And Olbermann seems to like him,
    And Matthews is tingling, too,
    But he never shows his feelings,

    But the tools on the hill,
    See the job marketís down,
    And the NASDAQ has tanked,
    And the Dow spiral round.

    Ooh, ooh,
    Round and round and round.
    --Odysseus
    Sic Hacer Pace, Para Bellum.

    Before you can do things for people, you must be the kind of man who can get things done. But to get things done, you must love the doing, not the people!
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  7. #7  
    Senior Member marinejcksn's Avatar
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    And I'm off to buy some gold.
    "Don't vote. It only encourages the bastards." -PJ O'Roarke
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    Quote Originally Posted by marinejcksn View Post
    And I'm off to buy some gold.
    I am adding more to my stash every week. The US mint is offering the Ultra 1 ounce golden eagle. This coin has already appreciated in value on e-bay by several hundred dollars. Might have to wait a couple of months to get it & a limit of 1 per household is in effect.
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  9. #9  
    Senior Member Molon Labe's Avatar
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    Quote Originally Posted by FlaGator View Post
    If this keeps up, today's currency will have as little value as confederate currency did near the end of the Civil War.
    Seems the dollar isn't becoming so much deflated as all the socialist's are suggesting in their latest writings. Me thinks by next year this time we will see which way it's going to go.

    Quote Originally Posted by marinejcksn View Post
    And I'm off to buy some gold.
    Around 20 to 30% of what you have saved just as a hedge against inflation. Some are saying much more, but I can't see me putting more than 40% . I'm just not that bold.

    Here's a good site. http://www.swissamerica.com/

    Check it out...you have to be careful in this type of investment, but I believe they're legit. See what you think
    Gun Control: The theory that a woman found dead in an alley, raped and strangled with her panty hose, is somehow morally superior to a woman explaining to police how her attacker got that fatal bullet wound - Unknown


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  10. #10  
    Senior Member marinejcksn's Avatar
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    Quote Originally Posted by Molon Labe View Post
    Around 20 to 30% of what you have saved just as a hedge against inflation. Some are saying much more, but I can't see me putting more than 40% . I'm just not that bold.

    Here's a good site. http://www.swissamerica.com/

    Check it out...you have to be careful in this type of investment, but I believe they're legit. See what you think
    Swiss America seems like a good place, I've heard them advertised before. Beck advertises for GoldLine on his show all the time, I'll check that spot out too.
    "Don't vote. It only encourages the bastards." -PJ O'Roarke
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