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Posts Made By: Guy Jordan

September 21, 2008 08:52 PM Forum: Polls

The fundamentals of our economy are ---

Posted By Guy Jordan

1. record federal deficit;

not as a percentage of GDP it isn't

2. highest unemployment rate in recent memory;

Short memory.

3. downward revision of 1st and 2nd quarter GDP figures;

Still higher than any other countries GDP

4. Taxpayer bailout of FannieMae/FreddieMac

Annoys me a lot but not a fundamental weakness.

5. Collapse of Leymann Bros.;

Companies fail in good times too.

6. Distress sale of Merrill Lynch;

Ditto

7. Govt. purchase of AIG;

REALLY upsets me but I'm no economics expert... though they disagree too.

8. Govt."rescue plan" of bank assets costing per Treasury Secret. Paulson "100s of Billions".

Yep, causing harm to protect short term political power. Could sure doom us if we keep it up... are we going to do that? My crystal ball is fuzzy.



Did I forget anything?


I'm sure you did. Like what is a fundamental and what do you expect out of one? Fundamentals are all about potential, like the foundation of a building they let us do great or terrible things to the house but still hold it up. If the foundation fails it doesn't matter how pretty of ugly the building is, it will collapse. Some of your points are about eroding the foundations of the US economy and some are just problems.


There is this: 2 days ago NPR asked Business Week Bureau Chief why the feds bailed out FannieMae/FreddieMac but let Lehman Bros go to the wall. His answer: The Chinese govt owned billions of dollars of FannieMae/FreddieMac stock/assets. If the U.S. let the Chinese lose that money, the P.R.C. may not be inclined to keep purchasing U.S. Treasury bills. That, my friend, speaks loudest of all.

more of the same - politics and power.

September 25, 2008 02:28 PM Forum: Polls

My current US Senator and Representative will ...

Posted By Guy Jordan

It's not usually just one thing.

-Guy

May 12, 2009 09:41 PM Forum: Polls

Wins American Idol

Posted By Guy Jordan

I'm aware I'm not the target demographic but only Danny has a voice I could listen to for a whole album.

June 10, 2009 09:23 AM Forum: Polls

Now that Jay is gone ....

Posted By Guy Jordan

Jay had some appeal, the rest do not.

October 6, 2009 10:05 AM Forum: Polls

My favorite sport to watch is ...

Posted By Guy Jordan

Too bad no air-racing. I love the Red Bull series.
POST

April 14, 2010 04:15 AM Forum: Polls

Wins American Idol 2010

Posted By Guy Jordan

The whole cast seems a bit weak to me this season.

August 16, 2010 11:37 AM Forum: Polls

The economy ....

Posted By Guy Jordan

Being out of work has skewed my perspective. I used to think things were rough but ok. Now I seem to be at the North Pole and all directions are going south.

August 25, 2010 10:11 PM Forum: Polls

SETI

Posted By Guy Jordan

Well Hawking seems to agree with you, Keep quiet and don't draw attention to ourselves. On the other hand I'd rather see SETI funded than another government bail-out.

August 28, 2010 07:43 PM Forum: Polls

It's the same price ... I will take a ...

Posted By Guy Jordan

I sure wish there were more options here but I've been in a CTS lately and it is good enough. I love German cars but keeping the money in the country is more important.

October 19, 2010 12:18 PM Forum: Polls

Osama Bin Laden

Posted By Guy Jordan

Someone may just not want to make him be a martyr.