Lights go dim on another energy project Geothermal losses pile up

[Harrekin]

The only choice we have right now is
Mitt Romney and Barrack Obama

Idealism doesnt count right now
Those are the only two choices there are

any vote not for Obama is a vote for Romney regardless of whether it was his name punched on the ballot
That is called reality

A self-fulfilling prophecy in a self sustaining cycle...good work, logical

 

[ChesusRice]

A self-fulfilling prophecy in a self sustaining cycle...good work, logical

Well regardless of the cycle that is the reality
Any vote not for Obama including those not cast is a vote for Roney
Republicans do well when overall voter turnout is low
Another reason they are the party of voter suppression

 

[kelly4]

...and the deficit are all lower
than when President Obama took office.

One last nugget. The deficit this year is going to
be lower than what it was on the day President Obama took office. Back then, the
CBO said the 2009 deficit would be 8.3 percent of GDP. This year’s deficit is
expected to come in at 7.6 percent.

Read more
​

Misleading....the deficit is not lower. IF those numbers are correct it means the GDP went up, not that the deficit went down.

Show us the actual deficit numbers. Those numbers won't mislead...


If I took a new job that paid higher, that doesn't mean that my debt went down. Only that me debt to earning ratio changed.

Zero stars for you.

​

 

[kelly4]

Any vote not for Obama including those not cast is a vote for Roney

That's funny...I was told my vote for Johnson was a vote for Obama.

 

[ChesusRice]

Look up the definition of deficit
Then get back to me

 

[UncleBuck]

...Stimulus is more like Stimu-waste...

i hated getting all those tax breaks. being able to keep more of your own money is so over rated.

 

[ChesusRice]

As GDP goes up as it has been doing because of an improving economy
So does tax revenue
Which lowers the deficit

in case you didnt know (and I dont think you do)
A defecit is when you spend more money than you take in

yes the deficit is lower than when obama took office
Yes the goverment is spending less since obama took office
yes we have had higher deficits in relation to GDP before

And we are still here

 

[Harrekin]

As GDP goes up as it has been doing because of an improving economy
So does tax revenue
Which lowers the deficit

in case you didnt know (and I dont think you do)
A defecit is when you spend more money than you take in

yes the deficit is lower than when obama took office
Yes the goverment is spending less since obama took office
yes we have had higher deficits in relation to GDP before

And we are still here

Record national debt tho...unsustainable levels of borrowing...

We're gonna get most of our national debt chopped off by Europe soon, yay! Pesky banks won't hold us down anymore.

What you guys gonna do? Yous cut that deficit yet?

 

[ChesusRice]

Record national debt tho...unsustainable levels of borrowing...

We're gonna get most of our national debt chopped off by Europe soon, yay! Pesky banks won't hold us down anymore.

What you guys gonna do? Yous cut that deficit yet?

Hopefully get our money back with interest we loaned europe to keep you guys afloat

 

[Johnny Retro]

Hopefully get our money back with interest we loaned europe to keep you guys afloat

WE didn't loan any money to Europe. Try again.

 

[ChesusRice]

WE didn't loan any money to Europe. Try again.

By Neil Irwin and Michael Birnbaum, Published: September 15, 2011 | Updated: Friday, September 16, 4:01 AMThe Washington Post Worried that a mounting debt crisis in Europe could trip up the global economy, the Federal Reserve opened its vault Thursday to the central banks of other countries in an effort to head off a crippling shortage of dollars.
The main recipient of the Fed’s money is the European Central Bank, which will in turn extend dollar loans to banks in the nations that use the euro currency. Those banks do significant business in dollars, for instance making loans to customers operating around the world, and have been finding it harder to raise dollars from anxious investors.

http://www.washingtonpost.com/business/economy/federal-reserve-boosts-flow-of-dollars-to-european-central-bank/2011/09/15/gIQA2YcpVK_story.html

 

[Johnny Retro]

By Neil Irwin and Michael Birnbaum, Published: September 15, 2011 | Updated: Friday, September 16, 4:01 AMThe Washington Post Worried that a mounting debt crisis in Europe could trip up the global economy, the Federal Reserve opened its vault Thursday to the central banks of other countries in an effort to head off a crippling shortage of dollars.
The main recipient of the Fed’s money is the European Central Bank, which will in turn extend dollar loans to banks in the nations that use the euro currency. Those banks do significant business in dollars, for instance making loans to customers operating around the world, and have been finding it harder to raise dollars from anxious investors.

http://www.washingtonpost.com/business/economy/federal-reserve-boosts-flow-of-dollars-to-european-central-bank/2011/09/15/gIQA2YcpVK_story.html

Those were swaps lasting 3 months, and the interest paid on a 3 month currency swap is peanuts. Those ended in December.
Go educate yourself in finance before trying to have an educated argument.

 

[ChesusRice]

Those were swaps lasting 3 months, and the interest paid on a 3 month currency swap is peanuts. Those ended in December.
Go educate yourself in finance before trying to have an educated argument.

So we didnt loan them any money

But we collected interest?

WE didn't loan any money to Europe. Try again.

 

[Johnny Retro]

So we didnt loan them any money

But we collected interest?

The purpose of the SWAP was not to collect interest and pay off our debt like you alluded to.

 

[Harrekin]

So we didnt loan them any money

But we collected interest?

It was a temporary switcharoo not a loan, and it benefitted the US cos it gave us dollars to spend there (or with companies there, etc).

 

[ChesusRice]

It was a temporary switcharoo not a loan, and it benefitted the US cos it gave us dollars to spend there (or with companies there, etc).

So we gave money to European banks with no expectation of getting it back
Collected interest on it
But it wasnt a loan?

WE didn't loan any money to Europe. Try again.

 

[Johnny Retro]

So we gave money to European banks with no expectation of getting it back
Collected interest on it
But it wasnt a loan?

You premised we were loaning money to Europe to help pay off debt and in turn we "hopefully would get our money back with interest". Which is NOT what happened. The FED did a liquidity swap to keep the euro banks liquid in U.S dollars. Again, go educate yourself in finance.

 

[ChesusRice]

You premised we were loaning money to Europe to help pay off debt and in turn we "hopefully would get our money back with interest". Which is NOT what happened. The FED did a liquidity swap to keep the euro banks liquid in U.S dollars. Again, go educate yourself in finance.

Did they pay interest on the money?

Those were swaps lasting 3 months, and the interest paid on a 3 month currency swap is peanuts. Those ended in December.
Go educate yourself in finance before trying to have an educated argument.

[h=2]Definition of LOAN[/h]1
a: money lent at interest b: something lent usually for the borrower's temporary use

 

[Johnny Retro]

Did they pay interest on the money?



Definition of LOAN

1
a: money lent at interest b: something lent usually for the borrower's temporary use

http://www.qfinance.com/financial-risk-management-checklists/understanding-and-using-currency-swaps

"Under international accounting rules, a currency swap is not considered to be a loan"

 

[ChesusRice]

http://www.qfinance.com/financial-risk-management-checklists/understanding-and-using-currency-swaps

"Under international accounting rules, a currency swap is not considered to be a loan"

They are still loans