This report from CNN: Michele Bachmann: I'll Bring Back $2 Gas (http://money.cnn.com/2011/08/18/news/economy/bachmann_gas_prices/index.htm)
Sure she's stupid, just like those who think raising taxes and lease fees on oil companies will bring down the price to the consumer. Now nationalizing them, well that would change the game a bit.
Americans!
Haha, I'm just kidding (I'm part American myself). In all seriousness though, if Obama is the reason that gas is at $3.50 a gallon, I wouldn't mind it if he came up here to Canada where were paying over $4.00 per gallon ($1.20's per litre, assuming that there are four litres to a gallon, $4.80 is about where were at).
To the title though, do you refer to Bacmann to think that a) she would have any effect on gas prices and b) that people will believe her or are you talking about the American public as they will be the ones to buy what she's selling (if they buy what she's selling)?
Just noticed the cool ninja detect thing you people have going.
QuoteJust noticed the cool ninja detect thing you people have going
:eek
that's news to me
Quotethat's news to me
What's news? The ninja detect thing or me just noticing it?
what are you refering to ??? :P
i don't see any ninjas
hell, i didn't even see any indians - lol
So, in the photo from the article, is that money from her own pocket or from the tax payers' pocket? :8)
Bachmann is a perfect example of "Deer in the headlights" syndrome! :bg
Quote from: clive on August 18, 2011, 11:51:01 PM
Sure she's stupid, just like those who think raising taxes. . .
Taxes on higher income earners most be raised and it needs to be done soon if we are to ever get out of this debt mess. Even some Republicans such as David Stockman know this simple fact. Yet we have Republicans like Mitch McConnell and his bunch refusing to even discuss raising taxes on the higher end.
Stockman states the following;
"It is therefore unseemly for the Senate minority leader, Mitch McConnell, to insist that the nation's wealthiest taxpayers be spared even a three-percentage-point rate increase."That;
"This debt explosion has resulted not from big spending by the Democrats, but instead the Republican Party's embrace, about three decades ago, of the insidious doctrine that deficits don't matter if they result from tax cuts."And that;
"The ominous change in the American economy has been the vast, unproductive expansion of our financial sector. Here Republicans have been oblivious to the grave danger of flooding financial markets with freely printed money and at the same time removing traditional restrictions on leverage and speculation."". . .the new tax-cutters not only claimed victory for their supply-side strategy but hooked Republicans for good on the delusion that the economy will outgrow the deficit if plied with enough tax cuts."Bush's tax cuts to the wealthy, his two unfunded wars, a financial sector run amok and the economic downturn brought on by those actions is what brought this country to its knees. Republicans are phuking morons!
(http://www.quickersoft.com/pictures/cbpp-graph.jpg)
Well, In my country we pay 9.14$ per gallon And the worst thing is half of that price is just tax :)
The Books And Beliefs Shaping Michele Bachmann (http://www.npr.org/2011/08/09/139084313/the-books-and-beliefs-shaping-michele-bachmann)
Good read Steve N. Bachmann and Perry, both christian hypocrites.
Conservative Texas Governor Rick Perry's Hypocritically Invested in Nation's Largest Pornography Distributor. (http://www.burntorangereport.com/diary/1219/)
Who (what) is TARP, Fannie and Freddie.... sounds like a b-grade movie
:)
Raising fuel prices won't solve the debt crisis, but it'll certainly make a few companies/people very rich, and they'll advocate price hikes like 'religion'.
Sometimes a bold step like this helps a lot.. one just has to be stupid enough not to understand economics.
:)
Quote from: vanjast on August 19, 2011, 01:24:49 PM
Who (what) is TARP, Fannie and Freddie.... sounds like a b-grade movie
:)
http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program
http://en.wikipedia.org/wiki/Fannie_Mae
http://en.wikipedia.org/wiki/Freddie_Mac
Quote from: vanjast on August 19, 2011, 01:29:34 PM
Raising fuel prices won't solve the debt crisis, but it'll certainly make a few companies/people very rich, and they'll advocate price hikes like 'religion'.
Sometimes a bold step like this helps a lot.. one just has to be stupid enough not to understand economics.
:)
Raising fuel prices by
taxing fuel increases competition and generates revenue, which allows the government to lower other taxes and/or increase spending on the poor. Europe has high fuel taxes and a much better social net than any other region in the World.
Quote from: clive on August 18, 2011, 11:51:01 PM
"raising taxes and lease fees on oil companies will bring down the price to the consumer."
Let's at least try to keep the quote in context.
RAISE TAXES/FEES ON OIL COMPANIES, PRICE OF OIL TO CONSUMER INCREASES.
Rich get Richer, Poor get Poorer, cycle continues.
I'd kind of prefer that the poor would get the opportunity to get richer.
Wow, am I ever late...
If you could see them, they wouldn't be ninjas now would they lol?
Seriously though, what I mean by ninja is a person who makes a post while you are in the process of typing one out (so they "ninja" you), especially if it's something that you were talking about in your post. This forum gives you a message when you click to post or preview the post you made if someone beats you to it. Sorry for the confusion.
Bank of America transferred 53 trillion dollars of shakey CDO obligations to their banking unit. It is possible taxpayers will be footing the bill for FDIC payments if the bank goes belly up.
J.P. Morgan did the same with 73 trillion of CDOs.
Look for the FED support FDIC by asking the treasury to print more bonds and the money supply to be even larger. (stagflation)