Pelosi: Bush 'a total failure'

Dajokerman wrote:

<quoted text>
hmm... I could believe a website that is incorrect or I could believe this list of other websites that say 1971.
From investors history.
http://www.investopedia.com/articles/05/03070...
From economics library.
http://www.econlib.org/library/Enc/GoldStanda...
1971, President Nixon announced that the United States would no longer redeem currency for gold. This was the final step in abandoning the gold standard.
From a random site, much like the one that you used.
http://www.essortment.com/all/goldstandards_r...
The phrase “gold standard” is defined as the use of gold as the standard value for the money of a country. If a country will redeem any of its money in gold it is said to be using the gold standard. The U.S. and many other Western countries adhered to the gold standard during the early 1900’s. Today, however, gold’s role in the worldwide monetary system is negligible. Britain abandoned the gold standard 1931;
the USA abandoned it 1971.
From the honorable Ron Paul, biggest advocate to the return of the gold standard. Someone that I would believe knows more about the history of the gold standard than you.
“Congress created the Federal Reserve System in 1913. Between then and 1971 the principle of sound money was systematically undermined. Between 1913 and 1971.”
“It all ended on August 15, 1971, when Nixon closed the gold window and refused to pay out any of our remaining 280 million ounces of gold.“
http://www.house.gov/paul/congrec/congrec2006...
There is more links that says 1971, but I figure that if a economist website, a random one and the words of the most vocal advocate for the return of the standard in the US isn’t enough for your misinformed @ss, then I am sorry that your version of history isn’t real and neither is your flying pink elephant pet.
And this will be the last time I will correct you.

Dajokerman wrote:

<quoted text>
hmm... I could believe a website that is incorrect or I could believe this list of other websites that say 1971.
From investors history.
http://www.investopedia.com/articles/05/03070...
From economics library.
http://www.econlib.org/library/Enc/GoldStanda...
1971, President Nixon announced that the United States would no longer redeem currency for gold. This was the final step in abandoning the gold standard.
From a random site, much like the one that you used.
http://www.essortment.com/all/goldstandards_r...
The phrase “gold standard” is defined as the use of gold as the standard value for the money of a country. If a country will redeem any of its money in gold it is said to be using the gold standard. The U.S. and many other Western countries adhered to the gold standard during the early 1900’s. Today, however, gold’s role in the worldwide monetary system is negligible. Britain abandoned the gold standard 1931;
the USA abandoned it 1971.
From the honorable Ron Paul, biggest advocate to the return of the gold standard. Someone that I would believe knows more about the history of the gold standard than you.
“Congress created the Federal Reserve System in 1913. Between then and 1971 the principle of sound money was systematically undermined. Between 1913 and 1971.”
“It all ended on August 15, 1971, when Nixon closed the gold window and refused to pay out any of our remaining 280 million ounces of gold.“
http://www.house.gov/paul/congrec/congrec2006...
There is more links that says 1971, but I figure that if a economist website, a random one and the words of the most vocal advocate for the return of the standard in the US isn’t enough for your misinformed @ss, then I am sorry that your version of history isn’t real and neither is your flying pink elephant pet.
And this will be the last time I will correct you.

Judged:

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Jim Says wrote:

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What Obama is proposing is to raise taxes on all Americans. He and his advocate try to say that he only intends to raise taxes on those making over 250 k, however what they never mention is that he intends to allow the Bush Tax Cuts to expire, raising the taxes of every working American by an average of 33%.
He also wants to raise corporate taxes with "windfall profits" taxes. Corporations don't pay taxes, they pass them on through higher prices on their goods and services.
He wants to raise taxes on the small business owners twice. Most of those making 250 k are small business owners, and then again to support his socialized medical plan.
He also wants to put tariffs on foreign companies doing business here who they decide are "making too much."
Anyone of these would slow the economy, reduce the final revenue that the government actually brings in, will hurt small business disproportionably, and will have a disastrous effect on the poor and middle class.

Judged:

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Bonhomme Richard wrote:

Liberals don't see any problem

Lets vote again wrote:

<quoted text>
you may want to read your own links they all prove that the United states stopped backing there dollar with Gold in 1933 .
I hope you learned something ?? but I doubt it people like you seldom do !

Gerry wrote:

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I don't know what Obama is going to do. I do know what has happened under Bush. We know that in the year 2000 that we had a yearly surplus and that now we have 400 billion dollar yearly deficits. We know in the year 2000 our national debt was just less that 6 trillion dollars, and at the end of the year will be 10 trillion dollars. We also know that we have a weak dollar. We also know that the federal reserve is trapped in a corner and cannot lower interest rates for fear of more inflation and the collapse of the dollar, and they can't raise interest rates for fear of choking the economy.
We also have a war not paid for, 50 trillion dollars in unfunded programs, our military is stretched thin, many aircraft in the air force getting older and needs to be replaced, we will have to take care of wounded soldiers for 60 years, our infrastructure of 30 different areas need working on-from wet lands to air traffic control.
We also know that we have an energy crisis, a monetary crisis, and a housing crisis. We also know that we will be with slow growth for some time as China continues with high growth.
I do not advocate taxing corporations or the rich, however whatever is being done today the tax cuts have been disproportionate and also with a global economy many companies go overseas. So the premise of tax cuts to create jobs is questionable, as companies keep closing up plants and go overseas.
What we have had over the last 8 years is jobs going overseas and money going to Iraq. And that wages has come down, with less in healthcare and pensions.
We have not addressed how to balance this country with globalization. We have not addressed where to cut spending, and many areas need government money to function. Air traffic control is one example, new jets for the Air Force for another example. So we need a source for revenue, as we rely (like it or not) on taxpayers money.
The only way out is to look at our infrastructure, and create an energy plan that includes drilling to nuclear. And if you listened to Boone Pickens that would be a good start. This will create good taxable middle class jobs that the government needs to pay for its bills. We can have high speed rail. There is a lot we can do for ourselves, instead of relying on OPEC and Venezuela for oil, and instead of relying on China, Russia, and Saudi Arabia that finances our debt.
Our country is sinking now and has been sinking for some time. It isn't about just the ideology of tax cuts or raising taxes. Does anyone get it?

Gerry wrote:

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That may very well be true. But what we do know and have known for 8 years under Bush that the Bush tax cuts did nothing but increase the debt, been wiped out by high energy costs, did not create the prosperity that was bragged about, and now we are right back to a slow economy.
So I think somebody better get back to the drawing board and start figuring it out again.

Slavic Baptist wrote:

<quoted text> To have a proper understanding, what went wrong, you need to find position of a totaly independend thinker. You need to judge not from position of everwhining liberals, this position brought disaster to Russia in 1917. You ve got to find a real villain. Russian Orthodox chursh use to make life miserable in 19 sentury for russian evangelicals. When (then underground) communists promised them freedom if revolution would succseed, evangelicals then understood, that you cant "quench fire with gasolyn". Yes Bush made a bunch of mistake, but mostly because of sighning idiotic legislatives of liberals, thus unvillingly creating micro socialism, which is never worked. Liberals literaly buy everything by false socialistic promises. They constantly pushed sticks in to war spending wheels, with green mafia they sent hundreds of billions of hard earned american money around the world for oil. Undermining troops,they prolonged the war. Pumping up terrorists, they made them bolder, willing to fight another day. By giving loans to all and everyone,they pumped up prices for construction goods, lots,houses, involved lots of illigals in to strictly american, high quality construction jobs. We can make a list of thousand of words. No, we just have to be thankfull to republicans for constantly stoping bad deeds of liberals, not to ran to liberals, but run away and destroy them on election day.

Jim Says wrote:

<quoted text>
No, that isn't true. The tax cuts didn't increase the debt, they increased the revenue brought into the Fed. Last year set records for the most money ever brought in. The costs of increasing government, increasing entitlements, along with Katrina and executing two wars increased the debt. If we raise taxes, history has proven we will slow down the economy, cause the high producers to pay less total dollars in taxes because they will divert their attention to tax shelters instead of growing their incomes. It always happens like that, and conversely tax rate decreases always do the opposite. However, to really make things work you need tax cuts and slash the size of governments and entitlements, to do that we need true conservatives in the White House and Congress. Something that has never happened since I have been alive.

Gerry wrote:

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Well, it is too bad that we have now and will be considered the worst president ever. Too bad, that none of his policies worked.

Jim Says wrote:

<quoted text>
No, that isn't true. The tax cuts didn't increase the debt, they increased the revenue brought into the Fed. Last year set records for the most money ever brought in. The costs of increasing government, increasing entitlements, along with Katrina and executing two wars increased the debt. If we raise taxes, history has proven we will slow down the economy, cause the high producers to pay less total dollars in taxes because they will divert their attention to tax shelters instead of growing their incomes. It always happens like that, and conversely tax rate decreases always do the opposite. However, to really make things work you need tax cuts and slash the size of governments and entitlements, to do that we need true conservatives in the White House and Congress. Something that has never happened since I have been alive.

Slavic Baptist wrote:

<quoted text> You see , i like you americans, but i wish you would be much more cautious to fall on Bush all mishaps. I was born in Tajikistan. Being a russian, i was hated by muslims. I was fighting them in my childhood only for a little respect. I almost opened scull of one with a stone. We russians helped them a lot. We build Nurek dumb hydroelectric powerplant, tallest in the world before 2005. We turned wilderness in to oasis for them, and they still wanted russians to go away. I was against Irak war. America spent billions on Irak. But we cant live now. They will be enboldened. So while we were in the war, Bush continued worked with liberals on spending. We spent more on failed energy policies ,then on enything else. Can you imagine if Gore would be president? Because of him ,we instead of extracting oil, we gave tons of money to produce ethanol. I strongly believe, that God helped man when he was creating inner combustion engine. There is lots of oil there. It is imposible to find another fuel for huge construction equpment.

Judged:

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Lets vote again wrote:

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The United states lrft the Gold standard in 1933 this is the last time I will attempt to correct you and your wrong info !
read for yourself ! oh and read the whole article !
http://economics.about.com/cs/money/a/gold_st...

Gerry wrote:

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Well, it is too bad that we have now and will be considered the worst president ever. Too bad, that none of his policies worked.

Gerry wrote:

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Still waiting for the oil from Iraq.

Say the Truth wrote:

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Too bad that many of his initiatives were endlessly spitefully undermined (including our troops in harm's way) by the sore-loser Democrats in Congress who couldn't get over the 2000 election.

Jim Says wrote:

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I agree 100%, we need to get more Conservative elected to all three houses. We know that we can't take the House or Senate this election cycle, or shouldn't be able to. Fortunately the democrats are firmly on the wrong side of important issues like drilling, so it is opening the door.
Even though McCain is anything but a conservative, he would do less damage until we can get one in. Obama's proposals would bankrupt us right out of the box.

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Dajokerman wrote:

<quoted text>
hmm... I could believe a website that is incorrect or I could believe this list of other websites that say 1971.
From investors history.
http://www.investopedia.com/articles/05/03070...
From economics library.
http://www.econlib.org/library/Enc/GoldStanda...
1971, President Nixon announced that the United States would no longer redeem currency for gold. This was the final step in abandoning the gold standard.
From a random site, much like the one that you used.
http://www.essortment.com/all/goldstandards_r...
The phrase “gold standard” is defined as the use of gold as the standard value for the money of a country. If a country will redeem any of its money in gold it is said to be using the gold standard. The U.S. and many other Western countries adhered to the gold standard during the early 1900’s. Today, however, gold’s role in the worldwide monetary system is negligible. Britain abandoned the gold standard 1931;
the USA abandoned it 1971.
From the honorable Ron Paul, biggest advocate to the return of the gold standard. Someone that I would believe knows more about the history of the gold standard than you.
“Congress created the Federal Reserve System in 1913. Between then and 1971 the principle of sound money was systematically undermined. Between 1913 and 1971.”
“It all ended on August 15, 1971, when Nixon closed the gold window and refused to pay out any of our remaining 280 million ounces of gold.“
http://www.house.gov/paul/congrec/congrec2006...
There is more links that says 1971, but I figure that if a economist website, a random one and the words of the most vocal advocate for the return of the standard in the US isn’t enough for your misinformed @ss, then I am sorry that your version of history isn’t real and neither is your flying pink elephant pet.
And this will be the last time I will correct you.