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Old 03-01-2016, 09:23 AM   #1
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Default Re: Politics and the Church

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There is an element of truth in Ohio's view. If there is one thing that Trump and Sanders have in common it is that they have picked up on the public's anxieties about the US economy. The USA suffered a heart attack in the 2008 recession. The nation may be off life-support now but its recovery has been slow and patchwork and many American's are still suffering. The establishment elite seem indifferent to our concerns. So Trump and Sanders represent different alternative solutions to the real economic dilemmas of many voters.
My son is a hedge fund senior financial analyst, whose work is not affected by religious views. He (and btw most of his colleagues) is firmly convinced that the US will face a far worse crisis than 2008 in the near term. He recently told me we will have a couple more "jitters in the markets" like we did last month and then things will collapse.

He cited a number of causes: Obama administration has done little for jobs, real jobs, and his policies have basically only helped the banks in the short term. The only bright spot in the economy was the energy sector. Then the Saudis began to dump oil on the market to maintain their own market share. Today these energy companies are all defaulting, and the media is ignoring the story.

Secondly, "high yield" investments are merely "junk bonds." The entire credit industry is reaching the "end of a credit super cycle." Credit fuels everything in the financial world, and the collapse of credit will end life as we know it.

No one in their right mind would say that "the nation may be off life-support now." This is only a falsehood because the Fed now has carte blanche "Quantitative Easing" to prop things up. It only pays the interest on the debt.
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Old 03-01-2016, 09:33 AM   #2
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Default Re: Politics and the Church

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My son is a hedge fund senior financial analyst, whose work is not affected by religious views. He (and btw most of his colleagues) is firmly convinced that the US will face a far worse crisis than 2008 in the near term. He recently told me we will have a couple more "jitters in the markets" like we did last month and then things will collapse.

He cited a number of causes: Obama administration has done little for jobs, real jobs, and his policies have basically only helped the banks in the short term. The only bright spot in the economy was the energy sector. Then the Saudis began to dump oil on the market to maintain their own market share. Today these energy companies are all defaulting, and the media is ignoring the story.

Secondly, "high yield" investments are merely "junk bonds." The entire credit industry is reaching the "end of a credit super cycle." Credit fuels everything in the financial world, and the collapse of credit will end life as we know it.

No one in their right mind would say that "the nation may be off life-support now." This is only a falsehood because the Fed now has carte blanche "Quantitative Easing" to prop things up. It only pays the interest on the debt.
And the greed factor is up there where it was just before the great depression. And pop goes that bubble.

"For the love of money is a root of all kinds of evils."
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Old 03-01-2016, 09:57 AM   #3
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And the greed factor is up there where it was just before the great depression. And pop goes that bubble.

"For the love of money is a root of all kinds of evils."
The private sector "greed factor" makes the world go round, and hence government supposedly "protects" us. Actually the two just work together, and then control the media to deceive us.

It is sheer lunacy to believe that Bill and Hillary "led the fight" to bring reform to Wall Street.
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Old 03-01-2016, 03:15 PM   #4
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No one in their right mind would say that "the nation may be off life-support now." This is only a falsehood because the Fed now has carte blanche "Quantitative Easing" to prop things up. It only pays the interest on the debt.
"The United States' economy is in better shape than the presidential candidates make it seem, investor Warren Buffett said Saturday, even though businesses like his still face challenges." http://www.foxbusiness.com/markets/2...efuls-say.html
Excuse me if I give more credence to Buffett than you.
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Old 03-01-2016, 08:47 PM   #5
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"The United States' economy is in better shape than the presidential candidates make it seem, investor Warren Buffett said Saturday, even though businesses like his still face challenges." http://www.foxbusiness.com/markets/2...efuls-say.html
Excuse me if I give more credence to Buffett than you.
And ISIS is the JV team.
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Old 03-02-2016, 08:34 AM   #6
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Cyborg-like, white-collar criminal, Florida Governor Rick Scott with his near total lack of human feeling would be a suitable vice-presidential running mate for the Donald. Or his lack of conscience would be a useful asset for overseeing whatever agency Trump selects to be his equivalent of the Nazi S.S. Look for him in Trump's administration somewhere if Trump gets elected.
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Old 03-02-2016, 09:51 AM   #7
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Cyborg-like, white-collar criminal, Florida Governor Rick Scott with his near total lack of human feeling would be a suitable vice-presidential running mate for the Donald. Or his lack of conscience would be a useful asset for overseeing whatever agency Trump selects to be his equivalent of the Nazi S.S. Look for him in Trump's administration somewhere if Trump gets elected.
Doubtful Trump would select a governor for VP, else Christie would be first choice. Common wisdom seems to point to senators.

Personally I think senators make for lousy presidents. Is anybody left to vote for who is not a senator?
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Old 03-02-2016, 02:54 PM   #8
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Doubtful Trump would select a governor for VP, else Christie would be first choice. Common wisdom seems to point to senators.

Personally I think senators make for lousy presidents. Is anybody left to vote for who is not a senator?
Is Kasich out now? My preference was from the governors (with Christie at the low end of that, although not by much).

I like Rubio, but he is just too young. Maybe not in years necessarily, but he comes across a little light on wisdom under fire.

Cruz is just the wrong kind of politics (IMO).

As much as I don't like Trump, at least he has moved (mostly) toward confronting the Dems rather than his own party.

My hope is that we go to the convention undecided and when they start haggling, someone unexpected but viable pops out.

What we need is someone right of center, but left of the far right. And we need someone who is not afraid to admit that it will take more than an un-budging president to get it done. Compromise is not a dirty word. It is lack of compromise that has gotten us where we are — in gridlock.
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Old 03-02-2016, 04:57 PM   #9
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I like Rubio, but he is just too young. Maybe not in years necessarily, but he comes across a little light on wisdom under fire.

Cruz is just the wrong kind of politics (IMO).

As much as I don't like Trump, at least he has moved (mostly) toward confronting the Dems rather than his own party.
I have felt all along that Trump will bolt the GOP and run independent, kind of like Perot did, guaranteeing another Clintonistas' victory. My wife is convinced that Trump is working for Hilary.

In the end, all the politicking will be a waste of time if the economy tanks again like it did in 2008. The democrats will be voted out, and any re-Publican can win.
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Old 03-02-2016, 09:34 PM   #10
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Doubtful Trump would select a governor for VP, else Christie would be first choice. Common wisdom seems to point to senators.

Personally I think senators make for lousy presidents. Is anybody left to vote for who is not a senator?
Christie is already standing by his man.

Ohio Gov. John Kasich is still left to vote for, Ohio.
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Old 03-03-2016, 07:23 AM   #11
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The popularity of Donald Trump among evangelical voters is causing some the movement's leaders to question the "evangelical" label. http://www.npr.org/2016/03/03/469005...supports-trump
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Old 03-03-2016, 08:41 AM   #12
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Christie is already standing by his man.

Ohio Gov. John Kasich is still left to vote for, Ohio.
The great governor from Ohio has little chance ...
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