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  1. #21  
    Quote Originally Posted by daThomas View Post
    Darn! Imagine that! Working as planned!

    apparently you didn't see my post pointing out that we are paying interest on the money we borrowed to fund TARP, so any 'profit' is lost tp pating interest.
  2. #22  
    Quote Originally Posted by Cantaffordit View Post
    apparently you didn't see my post pointing out that we are paying interest on the money we borrowed to fund TARP, so any 'profit' is lost tp pating interest.
    The borrowing was necessary due to the unnecessary spending on an unnecessary invasion of Iraq, so yes, I ignore that point as it is useless.
  3. #23  
    Quote Originally Posted by daThomas View Post
    Darn! Imagine that! Working as planned!

    nothing the government does goes as planned....so youre wrong on all accounts
    @agentmock

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  4. #24  
    at the end of the day, they sweep it all back into the fed which doesnt post earnings or losses so they can let it absorb everything and claim profits on other fronts.

    meanwhile more money is printed, my money because worth less and inflation makes things cost more. awesome. not.
    @agentmock

    Audiovox SMT5600 (WM) --> Cingular 8125 (WM) --> Sprint Mogul 8525 (WM) --> Palm Pre (webOS)- --> Sprint Franken Pre2 (webOS) + 32gb Touchpad (webOS)
  5. #25  
    Quote Originally Posted by daThomas View Post
    The borrowing was necessary due to the unnecessary spending on an unnecessary invasion of Iraq, so yes, I ignore that point as it is useless.
    wrong again.

    man youre on a roll.

    let me spell it out simply for you.

    $12 trillion (current US Debt) - $1 trillion (cost of iraq and afghan wars to date) = $11 trillion still in debt.

    youre crying about 10% like a normal liberal would
    @agentmock

    Audiovox SMT5600 (WM) --> Cingular 8125 (WM) --> Sprint Mogul 8525 (WM) --> Palm Pre (webOS)- --> Sprint Franken Pre2 (webOS) + 32gb Touchpad (webOS)
  6. #26  
    Quote Originally Posted by daThomas View Post
    The borrowing was necessary due to the unnecessary spending on an unnecessary invasion of Iraq, so yes, I ignore that point as it is useless.
    necessary or not is irrelevant. The OP is that TARP is turning a profit when it isn't. All costs have to be counted in calculating a profit.
  7.    #27  
    Quote Originally Posted by Cantaffordit View Post
    necessary or not is irrelevant. The OP is that TARP is turning a profit when it isn't. All costs have to be counted in calculating a profit.
    That is entirely correct, however what would have the cost been if TARP had not been activated? Part of that last post of mine was the spread between the haves and have nots, that is the point of the post.

    The point is, the 1% of your population controlling 98% of the wealth, in the past it has lead to the rise of the thing many right wing individuals fear, the rise of socialism. I look to the strikes and riots in Europe, over that very thing. Greece where its a unofficial national past time to evade paying taxes, with the rich leading the way by far. If something is not done and done soon, you won't have to worry about Obama care as being socialist, it will go far deeper. If you really believe that joe and jill average are going to sit back and watch their kids starve while living under an over pass in some big city, you are living in a dream world or your head is buried so deep in the sand your suffering from the lack of oxygen.
    What do you think will happen if enough people end up loosing everything after their tax dollars are have bailed out the banks? One charismatic leader, and you can have all the Becks, Palin's etc etc you want, backing the so called American dream. If it is believed that the only ones attaining the so called dream are the rich, than you will have a major problem on your hands.
    U.S.S.A. ( United Soviet Socialist America) anyone lolol
    Life is short, Play hard, and enjoy every moment as if it was your last.
  8. #28  
    true statement. But tangental to the original premise of the thread - that the tarp dollars were turning a profit.

    it's fair to argue it avoided a larger cost/disaster (also fair to argue it didn't, time will tell).

    so lets not worry about need or benefit, lets agree that it isn't turning a profit, and required the US to borrow almost $1 trillion.
  9.    #29  
    Quote Originally Posted by Cantaffordit View Post
    true statement. But tangental to the original premise of the thread - that the tarp dollars were turning a profit.

    it's fair to argue it avoided a larger cost/disaster (also fair to argue it didn't, time will tell).

    so lets not worry about need or benefit, lets agree that it isn't turning a profit, and required the US to borrow almost $1 trillion.
    only time will tell, as you put it, will we know if it turns a profit or not. still a lot of stock out there.
    Life is short, Play hard, and enjoy every moment as if it was your last.
  10. Micael's Avatar
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    #30  
    Quote Originally Posted by xForsaken View Post
    That is entirely correct, however what would have the cost been if TARP had not been activated? Part of that last post of mine was the spread between the haves and have nots, that is the point of the post.

    The point is, the 1% of your population controlling 98% of the wealth, in the past it has lead to the rise of the thing many right wing individuals fear, the rise of socialism. I look to the strikes and riots in Europe, over that very thing. Greece where its a unofficial national past time to evade paying taxes, with the rich leading the way by far. If something is not done and done soon, you won't have to worry about Obama care as being socialist, it will go far deeper. If you really believe that joe and jill average are going to sit back and watch their kids starve while living under an over pass in some big city, you are living in a dream world or your head is buried so deep in the sand your suffering from the lack of oxygen.
    What do you think will happen if enough people end up loosing everything after their tax dollars are have bailed out the banks? One charismatic leader, and you can have all the Becks, Palin's etc etc you want, backing the so called American dream. If it is believed that the only ones attaining the so called dream are the rich, than you will have a major problem on your hands.
    U.S.S.A. ( United Soviet Socialist America) anyone lolol
    Or, here's another idea. How about cutting the size of the government by half, then pay off the debt over the next few years with the surplus? As we pay off the debt, each year we can incrementally decrease taxes until we rebalance the budget.
    The Law of Logical Argument: Anything is possible if you don't know what you are talking about.
  11. #31  
    Quote Originally Posted by Micael View Post
    Or, here's another idea. How about cutting the size of the government by half, then pay off the debt over the next few years with the surplus? As we pay off the debt, each year we can incrementally decrease taxes until we rebalance the budget.
    Seriously sick of hearing the cut the size of gov't refrain without an ounce of detail. And by HALF Micael!? Where the heck are you gonna find that much to cut without disbanding the military?

    Cripes! Talk about all rhetoric.
  12. #32  
    The problem with that article and that way of thinking is that it focuses only on the portions of the TARP that were 'Loans'. Most of the money spent on the bailouts weren't loans and were never expected to be paid back.

    So what if we make 5% back on 20% of the money spent. It's the 80% that weren't loans and we won't make anything back on that I have a problem with. The 5% profit is nothing but spin.
  13. Micael's Avatar
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    #33  
    Quote Originally Posted by daThomas View Post
    Seriously sick of hearing the cut the size of gov't refrain without an ounce of detail. And by HALF Micael!? Where the heck are you gonna find that much to cut without disbanding the military?

    Cripes! Talk about all rhetoric.
    That axe swings both ways. How about helping with that analysis, Thomas? Surely cutting costs is a good thing. Look at all the effort you guys put in to cutting costs in healthcare. Wait... is that working?

    For examples of cutting in action, not rhetoric, you may want to investigate Chris Christie.
    The Law of Logical Argument: Anything is possible if you don't know what you are talking about.
  14. #34  
    Quote Originally Posted by xForsaken View Post
    only time will tell, as you put it, will we know if it turns a profit or not. still a lot of stock out there.
    that's also true. But the OP is taking the position that it IS turning a profit, not that it might if the market goes up in the future, or if pigs fly, etc...
  15.    #35  
    Quote Originally Posted by Cantaffordit View Post
    that's also true. But the OP is taking the position that it IS turning a profit, not that it might if the market goes up in the future, or if pigs fly, etc...
    i am the original OP, and I was not taking a position one way or the other. I just pointed out an article. Just like I pointed out the 2nd article regarding the disparity of the rich vs the poor. Before you go and say the average American is not poor, think about that statement, relative to the rich anyone making less than 200 k per year is poor.
    Micael, cutting govt by half, hmmm I would suggest however humbly, that by say getting rid of the "regulators" would afford the nasty people to really come out of the closet. Making present Madoffs, etc etc seem like the good ol days. I only use Madoff as an example, of pure greed. He represents to many the ultimate in corp greed and corruption. Sure lets do away with the regulators, the FBI, most police, we are all good people, no need for worry about say the things that are put in your kids or grand kids milk like they do in China. lol that sort of thing would never happen in America,, naw never was a thing called snake oil salesmen.. lolol
    Life is short, Play hard, and enjoy every moment as if it was your last.
  16. #36  
    Quote Originally Posted by Micael View Post
    That axe swings both ways. How about helping with that analysis, Thomas? Surely cutting costs is a good thing. Look at all the effort you guys put in to cutting costs in healthcare. Wait... is that working?

    For examples of cutting in action, not rhetoric, you may want to investigate Chris Christie.
    You missed what I said, the endless bs of the fringe right of repeating the word constitution as many times as they can in one breath and this endless chanting of smaller gov't when they have not the slightest details of what, where, and how much.

    You can call them freedom fries all you want but you have to admire the French. The citizens of that country have brought it to a standstill with one demand, "YOU WORK FOR US GOVERNMENT!".
  17.    #37  
    Lets say you do cut the fed govt in half, what is the cost with no regulatory officials? Buyer beware is the refrain now. The buyer will pay and pay dearly. I do not believe for one moment that the unscrupulous will disapear the moment big govt goes away. Hell, it will get worse far worse. People will die, kids will die. But hey thats the free market way. if a product is no good, no one will buy it right. Who gets to test drive a new car that hasnt been tested. One more thing, who the hell will buy your products overseas ie canada, japan, europe, china etc etc if your products dont meet those countries min standards. Think about it, you already have problems with cars that suddenly accelerate and wont stop. Cars in the past that when struck in the rear, exploded. Drugs that cause more issues than what they cure. But hey thats just me. Cut your govt, cut your regulators and inspectors, and watch the buyers go the way of much of your industry. They will not buy from you, remember there is always a reaction to something, and removing the teeth from your laws, allowing manufactures to do what they want, ignoring basic safety issues, and you will loose.
    Life is short, Play hard, and enjoy every moment as if it was your last.
  18. Micael's Avatar
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    #38  
    Quote Originally Posted by daThomas View Post
    You missed what I said, the endless bs of the fringe right of repeating the word constitution as many times as they can in one breath and this endless chanting of smaller gov't when they have not the slightest details of what, where, and how much.
    Perhaps this endless chanting for smaller gov't is in direct response to the massive growth of same that's occuring? Go figure....
    You can call them freedom fries all you want but you have to admire the French. The citizens of that country have brought it to a standstill with one demand, "YOU WORK FOR US GOVERNMENT!".
    Ummm, no. It's "You take from those that work and support all of those that don't, Government!".
    The Law of Logical Argument: Anything is possible if you don't know what you are talking about.
  19.    #39  
    Quote Originally Posted by Micael View Post
    Perhaps this endless chanting for smaller gov't is in direct response to the massive growth of same that's occuring? Go figure....

    Ummm, no. It's "You take from those that work and support all of those that don't, Government!".
    True, govt has grown, in direct response to things like ohhh the BP blow out, the health care fraud, etc etc.. all those regulators and inspectors cost money. Those same regulators and inspectors that a prior admin failed to hire or fund. As a result, you had what is considered to be the worst spill in US history, and massive fraud in your health care system. Which if rumour is true, has a bunch of hospitals as part of it. Go figure eh.
    I hate to say it, but I think this is just the tip of the iceberg. ohhh to harken back to the good ol days of 2000.00 hammers.. hell that kind of rip off was cheap compared to what is being stolen now..
    But go ahead, cut the govt in half.. frankly if you do away with the inspectors and levels of quality control, I wont buy american products.
    Life is short, Play hard, and enjoy every moment as if it was your last.
  20. #40  
    @xforsaken

    that's a false choice. Govt could be cust in half without firing a single inspector.
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