What does that have to do with the grand coulee dam? this was something that
was built during FDR administration and to this day contuines to produces
power, water for irrigation and recreation. it was far from ausless project,
and it has created many jobs, In fact, when the thrid power house was built
on it, the money earn there helps in getting be able to buy a house,,
It put folks to work during the great depression, that dam built towns, it
help with the war effort, it help bring in manufacturing, agriculture, etc
etc this was one of many projects that worked and contuines to work built
during FDR adminstration,,
** An eye for an eye makes the whole world blind Gandhi **
----- Original Message -----
From: "zeus32117" <zeus32117@yahoo.com>
To: <Politics_CurrentEvents_Group@yahoogroups.com>
Sent: Wednesday, June 29, 2011 6:49 PM
Subject: [Politics_CurrentEvents_Group] Re: the future made by Jimmy Carter,
Bill Clinton and ObombA
I think that what was going on in Michigan in 1980s was similar to what was
going on in U.S. in 1930s. In 1980s James Blanchard was the governor of
Michigan and the state government was trying to create jobs. It even helped
a few new companies. However, James Blanchard's administration was
regulating the economy more than the governments of most other states. That
made it more difficult to do business in Michigan than in most other states.
So, fewer jobs were being created. The rate of unemployment in Michigan
remained higher than in most other states until after John Engler became the
governor. John Engler's administration was regulating the economy a lot less
than the previous administration was. So, it became a lot easier to do
business in Michigan. Thanks to that, a lot more jobs were being created and
unemployment rate fell bellow the national average. It may have been a
coincidence that James Blanchard was a Democrat and John Engler was a
Republican. It is possible that the Democrat Paul Tsongas would have done
what the Republican John Engler did.
--- In Politics_CurrentEvents_Group@yahoogroups.com, "Sheep&Goatlady"
<springcreek@...> wrote:
>
> right,, and I refer to the grand coulee Dam, the TVA, the REA which
> brought
> jobs to many places, and in both cases still running and still going,
> ** An eye for an eye makes the whole world blind Gandhi **
> ----- Original Message -----
> From: "zeus32117" <zeus32117@...>
> To: <Politics_CurrentEvents_Group@yahoogroups.com>
> Sent: Tuesday, June 28, 2011 7:54 PM
> Subject: [Politics_CurrentEvents_Group] Re: the future made by Jimmy
> Carter,
> Bill Clinton and ObombA
>
>
> U.S. has had a few economic depressions. F.D.R.s economic depression had
> lasted a lot longer than any other because of some of the things he did.
> When we make it more difficult to do business we end up with fewer jobs
> being created, with incomes not growing and with poverty rates increasing.
>
> --- In Politics_CurrentEvents_Group@yahoogroups.com, "Sheep&Goatlady"
> <springcreek@> wrote:
> >
> > Yes, there was, the US was comoing out of the Great depression,, you do
> > know
> > what happened during that time,
> > ** An eye for an eye makes the whole world blind Gandhi **
> > ----- Original Message -----
> > From: "zeus32117" <zeus32117@>
> > To: <Politics_CurrentEvents_Group@yahoogroups.com>
> > Sent: Tuesday, June 28, 2011 7:17 PM
> > Subject: [Politics_CurrentEvents_Group] Re: the future made by Jimmy
> > Carter,
> > Bill Clinton and ObombA
> >
> >
> > I think that Franklin Delano Roosevelt was an anti-libertarian who had
> > made
> > it so difficult to do business in U.S. that there was a severe jobs
> > shortage
> > in this country until after the attack on Pearl Harbor. All of F.D.R.s
> > successors have been anti-libertarian as well.
> >
> > --- In Politics_CurrentEvents_Group@yahoogroups.com, "Sheep&Goatlady"
> > <springcreek@> wrote:
> > >
> > > Ahha,, do read some history,, the free market tanked some years before
> > > FDR
> > > came to be president,, read up on the crash of 1929,, FDR was not
> > > president
> > > at that time,
> > > FDR produced disastrous consequences? I suggest you read up on the
> > > Grand
> > > Coulee Dam, the Hoover Dam, and the REA,, just to name a few things
> > > that
> > > today, folks are benefitting from now,
> > > ** An eye for an eye makes the whole world blind Gandhi **
> > > ----- Original Message -----
> > > From: "zeus32117" <zeus32117@>
> > > To: <Politics_CurrentEvents_Group@yahoogroups.com>
> > > Sent: Monday, June 27, 2011 7:43 PM
> > > Subject: [Politics_CurrentEvents_Group] Re: the future made by Jimmy
> > > Carter,
> > > Bill Clinton and ObombA
> > >
> > >
> > > I think that FDR was even worse than Barak Obama. He ended up keeping
> > > the
> > > rates of unemployment higher than Barak Obama has. U.S. had a free
> > > market
> > > economy until after FDR became President. I think that Barak Obama has
> > > done
> > > a lot less harm than FDR had done. Feeding the hungry was the right
> > > thing
> > > to
> > > do. Most other things FDR did had produced disastrous consequences for
> > > this
> > > nation.
> > >
> > > --- In Politics_CurrentEvents_Group@yahoogroups.com, Carl Spitzer
> > > <cwsiv@> wrote:
> > > >
> > > >
> > > > http://blogs.forbes.com/larrybell/2011/06/07/u-n-agreement-should-have-all-gun-owners-up-in-arms/
> > > >
> > > > The Next Financial Crisis Will Be Hellish And Itâ?Ts On Its Way
> > > > Jun. 1 2011 - 3:11 pm
> > > > Posted by Addison Wiggin
> > > > Federal Reserve Board Chairman Ben Bernanke (L...
> > > >
> > > > Bernanke and Volcker: Different men, vastly different monetary
> > > > policies
> > > >
> > > > â?oThere is definitely going to be another financial crisis around
> > > > the
> > > > corner,â?
> > > > says hedge fund legend Mark Mobius, â?obecause we havenâ?Tt solved
> > > > any
> > > > of
> > > > the
> > > > things that caused the previous crisis.â?
> > > >
> > > > Weâ?Tre raising our alert status for the next financial crisis. We
> > > > already
> > > > raised it last week after spreads on U.S. credit default swaps
> > > > started
> > > > blowing out. We raised it again after seeing the remarks of Mr.
> > > > Mobius,
> > > > chief of the $50 billion emerging markets desk at Templeton Asset
> > > > Management.
> > > >
> > > > Speaking in Tokyo, he pointed to derivatives, the financial hairball
> > > > of
> > > > futures, options, and swaps in which nearly all the worldâ?Ts major
> > > > banks
> > > > are
> > > > tangled up.
> > > >
> > > > Estimates on the amount of derivatives out there worldwide vary. An
> > > > oft-heard
> > > > estimate is $600 trillion. That squares with Mobiusâ?T guess of 10
> > > > times
> > > > the
> > > > worldâ?Ts annual GDP. â?oAre the derivatives regulated?â? asks
> > > > Mobius.
> > > > â?oNo. Are
> > > > you still getting growth in derivatives? Yes.â?
> > > >
> > > > In other words, something along the lines of securitized mortgages
> > > > is
> > > > lurking
> > > > out there, ready to trigger another crisis as in 2007-08.
> > > >
> > > > What could it be? Weâ?Tll offer up a good guess, one the market is
> > > > discounting.
> > > >
> > > > Seldom does a stock index rise so much, for so little reason, as the
> > > > Dow
> > > > did
> > > > on the open Tuesday morning: 115 Dow points on a rumor that Greece
> > > > is
> > > > going
> > > > to get a second bailout.
> > > >
> > > > Letâ?Ts step back for a moment: The Greek crisis is first and
> > > > foremost
> > > > about
> > > > the German and French banks that were foolish enough to lend money
> > > > to
> > > > Greece
> > > > in the first place. What sort of derivative contracts tied to Greek
> > > > debt
> > > > are
> > > > they sitting on? What worldwide mayhem would ensue if Greece
> > > > didnâ?Tt
> > > > pay
> > > > back
> > > > 100 centimes on the euro?
> > > >
> > > > Thatâ?Ts a rhetorical question, since the balance sheets of European
> > > > banks
> > > > are
> > > > even more opaque than American ones. Whatever the actual answer,
> > > > itâ?Ts
> > > > scary
> > > > enough that the European Central Bank has refused to entertain any
> > > > talk
> > > > about
> > > > the holders of Greek sovereign debt taking a haircut, even in the
> > > > form
> > > > of
> > > > Greece stretching out its payments.
> > > >
> > > > That was the preferred solution among German leaders. But it seems
> > > > the
> > > > ECB
> > > > is
> > > > about to get its way. Greece will likely get another bailout â?" 30
> > > > billion
> > > > euros on top of the 110 billion euro bailout it got a year ago.
> > > >
> > > > It will accomplish nothing. Going deeper into hock is never a good
> > > > way
> > > > to
> > > > get
> > > > out of debt. And at some point, this exercise in kicking the can has
> > > > to
> > > > stop.
> > > > When it does, you get your next financial crisis.
> > > >
> > > > And what of the derivatives sitting on the balance sheet of the
> > > > Federal
> > > > Reserve? Hereâ?Ts another factor behind our heightened state of
> > > > alert.
> > > >
> > > > â?oThrough quantitative easing efforts alone,â? says Euro Pacific
> > > > Capitalâ?Ts
> > > > Michael Pento, â?oBen Bernanke has added $1.8 trillion of
> > > > longer-term
> > > > GSE
> > > > debt
> > > > and mortgage-backed securities (MBS).â?
> > > >
> > > > Think about that for a moment. The Fedâ?Ts entire balance sheet
> > > > totaled
> > > > around
> > > > $800 billion before the 2008 crash, nearly all of it Treasuries. Now
> > > > the
> > > > Fed
> > > > holds more than double that amount in mortgage derivatives alone,
> > > > junk
> > > > that
> > > > the banks needed to clear off their own balance sheets.
> > > >
> > > > â?oAs the size of the Fedâ?Ts balance sheet ballooned,â? continues
> > > > Mr.
> > > > Pento, â?othe
> > > > dollar amount of capital held at the Fed has remained fairly
> > > > constant.
> > > > Today,
> > > > the Fed has $52.5 billion of capital backing a $2.7 trillion balance
> > > > sheet.
> > > >
> > > > â?oPrior to the bursting of the credit bubble, the public was
> > > > shocked
> > > > to
> > > > learn
> > > > that our biggest investment banks were levered 30-to-1. When asset
> > > > values
> > > > fell, those banks were quickly wiped out. But now the Fed is holding
> > > > many
> > > > of
> > > > the same types of assets and is levered 51-to-1! If the value of
> > > > their
> > > > portfolio were to fall by just 2%, the Fed itself would be wiped
> > > > out.â?
> > > >
> > > > Mr. Pentoâ?Ts and Mr. Mobiusâ?T views line up with our own, which we
> > > > laid
> > > > out
> > > > during interviews on our trip to China this month.
> > > >
> > > > An Eye on the Next Financial Crisis by Addison Wiggin originally
> > > > appeared
> > > > in
> > > > the Daily Reckoning.
> > > >
> > >
> > >
> > >
> > >
> > > ------------------------------------
> > >
> > > Yahoo! Groups Links
> > >
> >
> >
> >
> >
> > ------------------------------------
> >
> > Yahoo! Groups Links
> >
>
>
>
>
> ------------------------------------
>
> Yahoo! Groups Links
>
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