What happened to all of the doom and gloom economic threads?

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[NeverEndingMe]

Updated: 08/08/2011 03:54 ET

DOW 10,891.97 -552.64

is this part of UD's plan?

try 622 down today

 

[koalabear]

Closed -633

Maybe Biden can give a speech.

 

[NeverEndingMe]

Closed -633

yep you are correct, me bad. sadly, no buyers so this means tomorrow will be ugly

 

[NeverEndingMe]

Maybe Biden can give a speech.

or maybe he can rent out another one of his personal homes to some other government people?

 

[Sean Renaud]

You have nothing to base that on, nothing. If that were true everyone who ever voted for a defense budget we never needed should be frog marched against a brick wall and shot. Truth is, if you want to cut the military budget by half you have to reduce the mission of our military to that of a coastal defense force and surrender our lines of communication and supply to our enemies. Only the unsophisticated, the left, those with zero knowledge of geopolitics, and those who believe in the isolationism of "fortress America" could possibly buy into this shit.

Bullshit. We have by far the largetst military in the world. The truth is that our 3 million strong seven hundred billion dollar army. Absolutely dwarfs Russias nearly two million strong but only 56 billion dollar military.

We could cut our military by half and still go around bullying the shit out of people. Heck you could do a five or ten percent pay cut across the board. The reason we don't isn't because it would lower our defenses to a mere coastal defense (not that we really need even that these days) and who said anything about isolationism? There is no major isolationist country and there is only ONE country with a military this big. We like our military and we don't care what it costs us. Debt, deficiet who cares.

 

[busybody..]

PRESIDENT DOWNGRADE: Dow Finishes Down 634 Points. Obama’s speech certainly did nothing to slow the drop, though I suppose the White House will argue that it would have been 734 without the speech, meaning that Obama saved or created 100 Dow points . . . .

 

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[Sean Renaud]

No we couldn't. We don't have anywhere near a 3 million man "army."

You cut the military by half and you won't have anywhere near the size of military we have now, and the Chinese are the primary enemy, bullshit on the left to the contrary notwithstanding.

Yes we do have a three million man military. I just sent you the link if you don't have some source refuting the fact.

Tell me you aren't pointing out that if I cut something in half I won't have as much as I do now. And Sorry even cut in half we'd still be several times more prepared than China. Sure they're our equal in sheer manpower but we've got em hands down in spending, if we cut our spending in half we'd still be spending three and a half times what China is.

Not to mention China isn't likely to attack but that's beside the point.

 

[richard_daily]

Yes we do have a three million man military. I just sent you the link if you don't have some source refuting the fact.

Tell me you aren't pointing out that if I cut something in half I won't have as much as I do now. And Sorry even cut in half we'd still be several times more prepared than China. Sure they're our equal in sheer manpower but we've got em hands down in spending, if we cut our spending in half we'd still be spending three and a half times what China is.

Not to mention China isn't likely to attack but that's beside the point.

The government is still readying itself for a 20th century war, in the 21st century...

It's a fucking waste of money.

 

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[Sean Renaud]

You said a three million man "army." Which is false. China is the enemy, has been for years, and most of our major contingency plans involve countering their continuing build-up and military belligerency.

You are correct. While I should hold myself to a higher standard I made a common mispeak where I refered to the American Army as the entire thing not as an individual branch. You a correct, I was wrong. But you knew what I meant.

China as it stands is not a credible threat to us, nor are they a likely attacker in the short term. On the list of people who you don't attack the people who buy your products and you give loans to is pretty high. I'm sure their smart enough to know that the moment they fire a single bullet at us that the debt we owe them becomes zero. Not sure they'd like that plan.

Aside from just cus you want it and most Americans want to, hell if we weren't acting like morons I'd want to, there is no reason not to seriously slash the military budget.

Their build up is pathetic and you're not making a good case for why we should balance the budget by punishing grandma and her SS and medicare. Even though I tenatively support raising the retirement age I haven't heard ANY body address the point of how much this will raise unemployment and if it's really worth it when you remember that fact.

 

[richard_daily]

You are correct. While I should hold myself to a higher standard I made a common mispeak where I refered to the American Army as the entire thing not as an individual branch. You a correct, I was wrong. But you knew what I meant.

China as it stands is not a credible threat to us, nor are they a likely attacker in the short term. On the list of people who you don't attack the people who buy your products and you give loans to is pretty high. I'm sure their smart enough to know that the moment they fire a single bullet at us that the debt we owe them becomes zero. Not sure they'd like that plan.

Aside from just cus you want it and most Americans want to, hell if we weren't acting like morons I'd want to, there is no reason not to seriously slash the military budget.

Their build up is pathetic and you're not making a good case for why we should balance the budget by punishing grandma and her SS and medicare. Even though I tenatively support raising the retirement age I haven't heard ANY body address the point of how much this will raise unemployment and if it's really worth it when you remember that fact.

China will not attack us while we are their biggest importer of consumer goods.

We shouldn't have gotten to this point, but the quick money was there for the already rich... Now they're richer, and the rest of us are fucked.

 

[kbate]

Again, I ask; how much has this cost you? Please give dollar amounts.

I'm surprised that you are all of a sudden caring for the well-being of others.

And since you have this new-found compassion, perhaps we can talk about that...

My insurance premium went up by 10% beginning on 1/1/2011. The dollar amounts I pay for insurance - are none of anyone's business except mine and my insurers.

Do you really want to argue that the Affordable Health Care Reform Act was not a fundamental change in America? Really? Next will you argue that Social Security did not change America? Medicare? No?

Your argument is pointless and inane.

 

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[richard_daily]

My insurance premium went up by 10% beginning on 1/1/2011. The dollar amounts I pay for insurance - are none of anyone's business except mine and my insurers.

Do you really want to argue that the Affordable Health Care Reform Act was not a fundamental change in America? Really? Next will you argue that Social Security did not change America? Medicare? No?

Your argument is pointless and inane.

Fundamentally change and "ruin" are two completely different things... I'm not claiming it wasn't a change...

The law didn't go far enough. We should have gotten single-payer health care passed through congress, and it's a disgrace and an embarrassment that we didn't.

A 10% increase in your insurance is what you're claiming has "destroyed the very foundation of this country" (allow me to embellish just slightly), and i'm proposing that your assertion is 90% false.

 

[richard_daily]

You are not listening to people who's job is to assess the Chinese military threat, pure and simple. The security of the nation comes first, without it all else doesn't exist. I don't think you have all the facts. I'll give you that much and no more.

Are these the same people who were assessing the threat of Saddam and his "weapons of mass destruction"?

 

[Sean Renaud]

You are not listening to people who's job is to assess the Chinese military threat, pure and simple. The security of the nation comes first, without it all else doesn't exist. I don't think you have all the facts. I'll give you that much and no more.

This is your argument? Can you show some military leader claiming war with China is highly likely in the next ten years? Next twenty? This is your claim, I made mine. We're the big boys, we spend way to much on way to much for a war that. Yes security DOES come first but we aren't in any credible danger. Who are these people that you are listening to who've assessed China as a military threat?

I don't think you have all the facts. That's fine. I don't have all the facts either. The problem I don't see any desire in you to learn the facts.

 

[IrezumiKiss]

We shouldn't have gotten to this point, but the quick money was there for the already rich... Now they're richer, and the rest of us are fucked.

End of thread.

 

[kbate]

Fundamentally change and "ruin" are two completely different things... I'm not claiming it wasn't a change...

The law didn't go far enough. We should have gotten single-payer health care passed through congress, and it's a disgrace and an embarrassment that we didn't.

A 10% increase in your insurance is what you're claiming has "destroyed the very foundation of this country" (allow me to embellish just slightly), and i'm proposing that your assertion is 90% false.

I am not the one who made a claim of ruination. Stop lying about what I have said.

I responded to you because you asked of someone else, "What fundamental changes has Obama Made?". As you seem to be dwelling on inane points, it may be a long time before I again respond to one of your posts.

I responded that his Health care act - is a fundamental change of the relationship between Government and the individuals of this nation.

 

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[JAMESBJOHNSON]

China is no military threat to anyone except maybe Tibet.

Our next war will be with Mexico, Japan, maybe Turkey if China allows it.

All China need do is close its American factories and we'll be on our knees. We lost our sovereignty to China and didnt know it.

 

[Sean Renaud]

The CinCPac commander has been sounding the warning for some time now.

That's odd. My googlefu must be broken. I'm not finding anything other than the occasional blog, which CinCPac specifically, perhaps if I googled the right name. Now I am finding some information on if China is a threat to our economy and how they're way ahead of us in investing in Africa since it's kinda the last place that doesn't have a market and whoever captures it will be in a very good place but nothing that's suggesting we should keep overstocking guns. Where are you getting this?