I do not have anything against building power stations. Regardless of what I think about FDR, I had made a mistake when I had mentioned him. Instead of saying that Barak Obama is no worse than FDR had been, I should have said that he is no worse than most other heads of government on planet Earth.
--- In Politics_CurrentEvents_Group@yahoogroups.com, "Sheep&Goatlady" <springcreek@...> wrote:
>
> 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@...>
> 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
> >
>
>
>
>
> ------------------------------------
>
> Yahoo! Groups Links
>
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