Tea party views seemed familiar

Walk down the street tomorrow and ask 100 people if they read this article. I am guessing less than 1% of the population read it.

Good.

The local water boy for BHO. Mr. Johnson seems to be posturing for a position as a regional apologist for BHO.

Uh oh! A cogent, thoughtful analysis of the real situation. Here come the whiners and moaners who will offer absolutely no factual evidence to oppose your viewpoints but merely complain about them, call names or simply blame illegal immigrants, democrats and Obama. Wait and read.(Yawner)Still waiting for that one good idea that they can contribute to the financial dilemma we are in. But I am not holding my breath.

Here's an idea, shadow. "Pay as you go." In other words, balanced budgets. Both parties. Every congressman and senator. Simple enough? You can breath now.

shadow wrote:

Uh oh! A cogent, thoughtful analysis of the real situation. Here come the whiners and moaners who will offer absolutely no factual evidence to oppose your viewpoints but merely complain about them, call names or simply blame illegal immigrants, democrats and Obama. Wait and read.(Yawner)Still waiting for that one good idea that they can contribute to the financial dilemma we are in. But I am not holding my breath.

Excellent point and evidenced by the first 2 posts "merely complain about them, call names or simply blame illegal immigrants, democrats and Obama."
They think name calling is going to change our views but it's not working!
Like the boy who cried wolf until nobody believes him anymore.

shadow wrote:

Uh oh! A cogent, thoughtful analysis of the real situation. Here come the whiners and moaners who will offer absolutely no factual evidence to oppose your viewpoints but merely complain about them, call names or simply blame illegal immigrants, democrats and Obama. Wait and read.(Yawner)Still waiting for that one good idea that they can contribute to the financial dilemma we are in. But I am not holding my breath.

There you go again. Whining and complaining about the complainers and whiners. Brilliant there Shadow boy. Find a new gig.

Rickster wrote:

<quoted text>
There you go again. Whining and complaining about the complainers and whiners. Brilliant there Shadow boy. Find a new gig.

LOL! Yes, he shadows every thread with this litany, Rickster.

Did you read me complain? I am merely pointing out the narrow focus of your posts. Pay as you go? Please tell me one government official who has ever, ever had that policy and practice, taking into account all aspects of the federal or state budget.

shadow wrote: "Please tell me one government official who has ever, ever had that policy and practice, taking into account all aspects of the federal or state budget."

I never accused you of complaining, but my point exactly, thank you. Don't you think it's time to start? You like 10trillion + dollar deficits? Pres Obama said this weekend we can expect it to rise to $17 trillion soon. You got any better ideas? Do you honestly believe we don't have the right to expect our representatives in Washington to listen? Guess what? You prove the TEA Party's need to exist. Get used to it. We're not going anywhere. 51% of Americans support our movement, 33% oppose. If you win over the other 16%, who will be ahead?

shadow wrote:

Did you read me complain? I am merely pointing out the narrow focus of your posts. Pay as you go? Please tell me one government official who has ever, ever had that policy and practice, taking into account all aspects of the federal or state budget.

Do you know what, "complain" means? You keep complaining about the people who complain. The "narrow focus" of MY posts? Don't think so. I rarely post on politics.

People have a right to complain. You complaining about them complaining is just stupid. If you can complain about them complaining, why can't they complain about whatever they want?

We are becoming a nation of drama queens. When Bush was President, we did not have TEA parties but we had anti-war parties where many of the participants believed that their freedom would soon be lost thanks to the PATRIOT Act and the Iraq war was the worst war we have been involved in (forget about the Civil War, WWII, Korea & Vietnam).

Now Obama is in office and its the right-wingers turn to overreact. "Obama is a socialist; he is going to take all of our guns away; he is going to form a secret police force; is a radical muslim, etc."

It is time to take a deep breath and relax, we still live in the United States, the greatest country in the world. We have survived other presidents who many considered awful: Nixon, Carter, Clinton and Bush.

Festus wrote:

We are becoming a nation of drama queens. When Bush was President, we did not have TEA parties but we had anti-war parties where many of the participants believed that their freedom would soon be lost thanks to the PATRIOT Act and the Iraq war was the worst war we have been involved in (forget about the Civil War, WWII, Korea & Vietnam).
Now Obama is in office and its the right-wingers turn to overreact. "Obama is a socialist; he is going to take all of our guns away; he is going to form a secret police force; is a radical muslim, etc."
It is time to take a deep breath and relax, we still live in the United States, the greatest country in the world. We have survived other presidents who many considered awful: Nixon, Carter, Clinton and Bush.

Survived? Yes, but at what cost?

Rickster wrote:

<quoted text>
Do you know what, "complain" means? You keep complaining about the people who complain. The "narrow focus" of MY posts? Don't think so. I rarely post on politics.
People have a right to complain. You complaining about them complaining is just stupid. If you can complain about them complaining, why can't they complain about whatever they want?

Thanks Rickster. Yep, GDP, Mr. Vacaville, and possibly Shadow. All are similar simian types.

And there Granny goes, name calling with nothing more to contribute. And that, my friends, is merely stating the obvious.

shadow wrote:

And there Granny goes, name calling with nothing more to contribute. And that, my friends, is merely stating the obvious.

Name me three Obama policies that have worked without creating more government. That's less than one policy per trillion raided from the treasury.

Are you just an Obama cheerleader or do you have something to "hang your hat on?" Doubtful

David Schroeder wrote:

Here's an idea, shadow. "Pay as you go." In other words, balanced budgets. Both parties. Every congressman and senator. Simple enough? You can breath now.

Pay as you go is a philosphy of California and Kalifornia is broke. Today they will be even more broke.

Voter, California may have the philosophy, but not the commitment. They need to shrink government, not grow it, enact laws that are beneficial to business growth, not laws that drive them out of state, and enact laws that benefit PEOPLE, not fish. I can't wait until the farmers who have had their water cut off figure out they can sue in court for lost income and property value. You think California's broke now? 1100 people per month are leaving the top 10 high state income tax states for states with no state income tax. Guess whose economies are in better shape?

One more thing....how much oil is off the coast of California that will not be recovered? Direct royalties and economic benefits to the state would run into billions of dollars. Keep waving bye to the money.

David Schroeder wrote:

Voter, California may have the philosophy, but not the commitment. They need to shrink government, not grow it, enact laws that are beneficial to business growth, not laws that drive them out of state, and enact laws that benefit PEOPLE, not fish. I can't wait until the farmers who have had their water cut off figure out they can sue in court for lost income and property value. You think California's broke now? 1100 people per month are leaving the top 10 high state income tax states for states with no state income tax. Guess whose economies are in better shape?
One more thing....how much oil is off the coast of California that will not be recovered? Direct royalties and economic benefits to the state would run into billions of dollars. Keep waving bye to the money.

We know California are smarter than that. Their Governator is asking Obama for bailout money. They have prop 1F on the ballot, no pay raise to the elected in deficit years. Guess what, pay raises are just around the corner because the American tax payer will put California back into business and guess whos getting paid for it. There elected officials who put them into the mess. This is coming at who's expense, the US tax payer. See the Californias are not so stupit. They are getting the United States to pay for their sh..it. Got to love Obamanomics

John wrote:

<quoted text>
Name me three Obama policies that have worked without creating more government. That's less than one policy per trillion raided from the treasury.
Are you just an Obama cheerleader or do you have something to "hang your hat on?" Doubtful

19 May 2009

Radi Khasawneh

US loan default rate exceeds 2002 peak

The default rate of US loans has exceeded a "psychological milestone" by overtaking its previous peak in the last credit downturn seven years ago, demonstrating the problems suffered by managers that hold complex loan portfolios.
US loan default rates – when measured on loan volumes – over the past 12 months is now at 8%, according to US bank Citigroup at the end of last week. This is now above the highs of the last credit downturn.
Although widely expected, this measure, known as the 12 month lagging default rate by loan volume, confirms the poor performance of portfolios of leveraged portfolios in the US.
There are two ways to measure default rates — one by number of loan issuers and one by loan volumes. The measurement of loan volumes is a greater indicator of the problems in the collateralized loan obligation portfolios, as these portfolios tend to include loans from the larger and better known companies.
The rise in loan defaults is significant as it has begun to affect performance of US CLOs, with roughly three out of four CLOs failing their so called "interest diversion" test, while there are rising failures in other performance tests, according to Citigroup based on a sample of 585 US CLO portfolios.
A consensus is emerging that defaults will peak towards the end of the year, said Citigroup credit strategist, Michael Hampden-Turner. He said:“Default rates exceeding post-war peaks is a psychological milestone."
Hampden-Turner added: "Forecasters have pitched a peak in default rates to come somewhere between post-war highs and extreme 1930’s levels by year end."
He said that pessimists are pointing to the shortage of lending across the board, which suggests that default rates are going to worsen, while optimists point to "the impact of the various government stimuli and banking cures".

http://www.efinancialnews.com/usedition/index...

John wrote:

<quoted text>
Name me three Obama policies that have worked without creating more government. That's less than one policy per trillion raided from the treasury.
Are you just an Obama cheerleader or do you have something to "hang your hat on?" Doubtful

**** "A Look Back – Just How Bad Was 2008?
Credit performance was dismal in 2008. Credit spreads ballooned to levels not seen in the modern era, which is remarkable given that they were near their narrowest levels on record as recently as the first half of 2007. The 2008 return for global investment grade and high yield bonds finished at -4.73% and -27.1%, respectively. This is merely part of the story, as these figures mask the fact that risk-free interest rates fell markedly. Global investment grade and highyield corporate bonds inderperformed government bonds by a staggering -16.5% and -38.8%, respectively. US investment grade corporate bonds, the poorest performing market on a riskadjusted basis, posted an excess return of -21.0% for the year. A focus on high-quality instruments was no source of protection in 2008. The longest running corporate bond time series is for US investment grade credit and dates to the 1920s. As illustrated in Exhibit 1, credit spreads are at levels consistent with the depression of the early 1930s. Furthermore, the pace of the sell-off in 2008 has never been equalled." *****

****( http://www2.goldmansachs.com/gsam/docs/inst/w... )****

Jimmy Carter (D): January 20, 1977 to January 20, 1981

Dow Jones Industrials Average
1/19/1977
968.67

Dow Jones Industrials Average
1/19/1981
970.99

Carter Plus .2%+

George W. Bush (R): January 20, 2001 to January 20, 2009

Dow Jones Industrials Average
1/19/2001
10587.59

Dow Jones Industrials Average
1/20/2009
7,949

Bush MINUS 20%+