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MY STIMULUS PACKAGE



Barack Obama

MY STIMULUS PACKAGE   Oh yeah, you KNOW you want it!

(President Barack Obama)

picture: Annie Liebowitz. lol caption: heatherjlc

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» 405 comments

  1. aedriel says:

    Ew.. :|

    • Literal says:

      Really I was just trying to start a dialogue of people’s opinion on the economic stimulus package … I really was hoping to see what other people are thinking.

      • pittypat says:

        Damn you got another one!! Excellence!!!

      • the_original_shortright says:

        so i think it’s really funny and all, but why the poster format? it doesn’t make a ton of sense like this…
        in any case, congrats literal!

        • Literal says:

          The photo isn’t very big and because of the pose I didn’t want to type over the top of him. I tried putting it off to the left, but it just didn’t fit very well.
          Thank you.

          • the_original_shortright says:

            aaaaah, that ’splains it. i figured you had a good reason.

            • Literal says:

              I frequently see speech and thought balloons cut off on sumbissions, and it would be nice if we could caption outside of the boundaries on smaller photographs, but alas, the only current method of doing so is poster format.

          • yoyoyo says:

            I don’t think the poster format looks bad.

            • froofrou says:

              It’s so wrong that it brings a new level to wrongness, as has been discussed at length. If you can’t see why the use of the poster format is wrong here, then kindly remove yourself back to 4chan and let the adults have a conversation.

              • Literal says:

                Don’t be mad at me, froo, or yoyoyo. I wasn’t trying to be wrong, and I think he/she wasn’t trying to offend.
                It worked best this way, ‘cuz there wasn’t room on the pic to get the message across with the same level of sheer seckshual attitude and sheer arrogant self-confidence this Leibowitz pic portrays.
                Seriously!
                And I am so digging the postings here I can’t stop LOLing. I jsut reallly am too stoned to have anything remotely relevant to contribute. Wish I wasn’t, because this economic stimulus thing dictates whether or not I will be employed in the same position I currently enjoy in the next bienneum.
                Don’t worry. I’ll ge back on the correct poster track next, because I do loves me some demotivators.

              • MCL says:

                “Wrong?” The “poster format.” particularly the familiar type used here, with the secondary gag line, is what makes this work.

      • lowly grunt says:

        LOL!! Yeah, baby, YEAH!!

        What? You want to talk economics? *pppffftttt*

  2. Evenfire says:

    omg so fail!

  3. flip says:

    Major fail.

  4. pittypat says:

    Good morning Mr. President. Here’s your morning line up.
    First, you have Ginger Burns, she’s with Hillary Cliton’s orifice …

  5. Exile says:

    Obama loving sycophants.

    Ein Reich, Ein Volk, Ein Obama

    • AC says:

      DWN! You are needed here!

    • PortlandMark says:

      I’m thinking maybe you right wing trolls don’t really understand the proper way to criticize a president, so let me give you an example:

      *ahem*

      “I sure don’t agree with ($policy). It will cause ($problem) and ($other problem). Someone must do something to change this immediately!”

      Otherwise, you’re just using the power of the internet to insult a large number of people you haven’t even met. You really should save your insults for face to face conversations, where you can have your nose properly flattened if you fail to speak courteously.

      $.02

      • mothergoose says:

        Well, said…I nominate Portland Mark for the position of “Troll Judge” and give him the ability to pass judgement on any and all who may fall under the Category of Troll…any seconds?

      • Me says:

        Yeah, because everyone was critising Bush in a very polite manner…

        • Anniee451 says:

          I know – Chimpy McShrub baby-murdering Nazi Hitler most evil man that ever lived – the left was so calm, reasonable and sane in their Bush Derangement Syndrome eh? It’s time to show the office of the president all the love and all the respect it’s gotten from the left in the last 8 years. Hard.

          • rhorho says:

            Like it or not, politicians tend to get what they deserve in terms of
            praises and pans. If you think Obama has earned already earned the
            ire that Bush did, you’re not seeing past your party, and can be
            dismissed as a slack-jawed partisan. If you’re going to be that way,
            and give up thinking, go ahead, but don’t expect anyone to take you
            seriously.

            • Anniee451 says:

              Nonsense, and I’ll tell you exactly why. Bush was pelted with tomatoes AT HIS FIRST INAUGURATION, with the left staging huge protests and screaming and frothing at the mouth.

              Now I didn’t vote for him (or McCain) but I’m more than prepared to give Obamalamadingdong ALL the love Bush got and then some – like it or not, a hell of a lot of people are. Enjoy the next four years; you bought it :)

              (Oh, and he earned it coming in – Rev. Wright alone earned it for him, and that’s far from all there is. The sycophants have earned even more contempt than he has. I hope they’re ready :) )

              • froofrou says:

                Bush was pelted because there were plenty who thought he stole the election, thereby drawing their ire. He started off on the wrong foot (which is another story altogether, but this is a bi-partisan smackdown, so I’ll refrain from giving my views on it).
                -
                Obama, other than not being able to pick Cabinet members without crimminal histories and tax problems, has done nothing to draw fire yet. He ran a semi-clean campaign (as clean as any politician can run), and hasn’t DONE anything yet. He deserves no rancor as of yet.
                -
                You’ve done what you’ve accused the Lefties of doing: you’ve drank the Kool-aid. Only, you’ve drank the Rushaid. Rush isn’t gospel, and if you take him as such, you’re only getting part of the story. Please, for the sake of Conservatives on this site, PLEASE quit making us all look like fools!!!

              • rhorho says:

                Froo has already covered the anger that led *some* people–
                not *all* people–to throw tomatoes. Should I find you and
                kill you because *some* people on your side like to burn
                down abortion clinics?

                I don’t really care how much hatred you manage to muster
                towards Obama. It’s clear you can’t manage to wish the
                country well, because you clearly don’t want us to be
                successful unless we’re under a *Republican* president.

                Rev. Wright is all you’ve got? Did your radio break? LOL!

      • Danbala says:

        $.02 … That’s the same as .02¢, right?
        .
        I just listened to that audio clip on failblog. While it did lead me to want to stab out my eyes to distract from the pain, at least it made me appreciate the people around me more – they may be silly at times, but not in that lobotomy-category. Phew.

        • dissimilitude says:

          $.02 … That’s the same as .02¢, right?

          No. $.02 = 2¢ but .02¢ = two hundredths of a cent.

          • danbala says:

            Yeah. It’s an hilarious audio clip on failblog:
            failblog.org/2009/02/04/verizon-math-fail/

            • dissimilitude says:

              Oh, good. Sorry, D, I’m still on my first cup of coffee and I didn’t get the joke! I should have known you knew better. ;-)

              • Danbala says:

                No worries. I have a cold today and coffee tastes awful, so I’ve only had about two large cups. Just not enough caffeine. Smokes taste awful too, so not enough nicotine either. Bleh. :/
                Anyway, this causes my head to feel even more turgid than usual, in all ways, and I barely even understand what I write myself, so I don’t expect anyone else to, either. :)

      • Name says:

        Why does this rule apply to right wing trolls, but not to left wing trolls?

        • Although PM directed the comment at right-wing trolls, I think it’s of general applicability. Were you planning on trying out some left-wing trolling soon or is this just a general fairness consideration? ;-)

          • slan agat says:

            Silly diss, didn’t you know the right-wingers are violently against the fairness doctrine? It’s because they think left-wingers are for it, and no amount of facts will persuade them otherwise.

            • Or possibly because nobody really understands what it is…I have actually had a couple of people tell me about it and what I heard didn’t make any sense so I went and looked it up and it was somewhat different. Personally, I’m inclined to think it’s just adding an additional level of bureaucracy where none is actually needed.

              • Uncle Fester says:

                It’s easy to implement.
                1) wait for someone to complain
                2) investigate
                3) if its bull (which it mostly will be) send them a STFU letter
                4) if it’s a valid observation, shut the buggers down…

                • But why have it in the first place? Under your plan, we have to have people to read the complaints from cranks, investigate them, and respond. What, exactly, is the point? Commercial television and radio generally are going to
                  present what the market supports (insipid top 40 music, ranting right-wingers, stock-car racing on the radio, whatever…); why should we tell them they, as a legitimate private enterprise, need to present something else? That’s what the internet’s for. Or, you know, buy some airtime.

                  • Uncle Fester says:

                    We have the BBC, so it makes sense for us… In your third world hell, I’d say it doesn’t make sense but then why pretend that the news is more ‘truth’ than the Daily Show’…

                    Next up… nude juggling of live weasels….

          • Name says:

            Yeah, I wanted to give it a try but I wanted to be clear on the rules first. Can’t be too careful.

    • eddiepscetti says:

      *takes a swing with the new and improved troll stick*
      -
      Wow! That’s the best damn thing!! Unfortunately, the head caved in to easily. But I suspect that’s because it was an empty cavity. As they say, “No brain, no pain.”

  6. Rafiq of the many says:

    If Obama was ever interviewed in playboy, this would be the Photograph they would use.

    • Anniee451 says:

      Well, he DID just pick Ogden as deputy attorney general – the guy who fought for the public to fund the Braille version of Playboy and has represented Hustler and porn production companies – seems like he has his eye on a different career direction when his term is up ;)

  7. Siava says:

    His tie is lovely.

  8. celebratory says:

    NO! He’s cute an all but he’s too high maintenance.

    • rhorho says:

      Yes, and he has that annoying pat answer for everything.

      “I would talk about your feelings, but I have a country to run.”

      “I would take out the trash, but I have a country to run.”

      “I would check out the noise in the hall, but I have a country to run.”

  9. What has been imagined cannot be unimagined. Must find purging mindfire… *sets brain on fire as it hurts less*

  10. Lainie says:

    Love it! God he’s hot. Seriously…yumm :)

  11. SK says:

    We need his timulus plan like a hole in the head…it’ll be worse than Carter

    • Literal says:

      What do you think about this statement: “President Barack Obama said Wednesday the recession will turn into “a catastrophe” if the economic stimulus isn’t passed quickly.”

      • SK says:

        He’s lying through his teeth. Everyone complained about Bush 43 using fear. All I have heard from Obama is the end is nigh! If they were really serious about economic stimulus, they’d cut taxes and government spending. Instead we dancing into the same failed socialism that has gutted the Europeans.

        • AC says:

          the same failed socialism that has gutted the Europeans
          Oh, how gutted I feel….

          • rhorho says:

            *dabs Kool-Aid spew off of AC’s face*

            Sorry about that, Dear. He’s one of our “special” people. He’s harm-
            less, but messy. His addiction to failure has taken its toll, I’m afraid.

            • AC says:

              I remember him off another lol actually… I went to check when the avatars appeared as I thought he was another of AF’s faces (played the veteran card) but no… Some other fool entirely…

              • Uncle Fester says:

                Another Saint Crispin’s Dayer… great.
                There are manifold problems with the old campaign story ploy, the worst being that, no matter how hard you try, you’re always the hero of your own story. And, unless you were there, no one is REALLY that interested in the truth, just marble poems and people dying with very little blood, their limbs tastefully arranged and all their internal organs still internal.

                It’s a bitch of a job, but in the end, it doesn’t add weight to one’s argument, and, as someone who chose to be shot at for a living, every man jack of them all have questionable judgement.

                • In bed, with a penis, in another country.

                • rhorho says:

                  They come home to discover that all we want to see are
                  puppies in pockets and SS troops playing with kittens…

                • SK says:

                  I hate to tell you this but every single one of the friends and neighbors I knew when I stationed in Germany and the Netherlands now live in the USA (18 people and their families). They left because of the taxes, lack of services for those taxes, and lack of jobs. Europes unemployment rates are over double the USA’s, it takes months to get medical care and the welfare/dole are bankrupting your countries. Your hero, Obama, wants to increase the size of the government and members of his cabinet plan to print more money to do it…just like Carter tried back in the 70s. Europe is dying…socialism is the cause.

                  By the way, I am a veteran with 17 years in. I have been to 16 countries and have helped clean up Europe’s mess in Bosnia (sarajevo in 1993). My specialty is 2E173, communications maintenance. If you think I’m a liar, go right ahead. So far the only liars are you three.

                  As for Saint Crispin’s Day, Shakespeare and Robert Heinlein had it right. I believe that you socialists are the death of civilization. You scream and yell that there is a problem and then come up with a solution that is completely unworkable ( a great example is the war on poverty) and then blame others when it is discovered to be unworkable. Rather than throw the idea out, you throw other people’s money at it.

                  • danbala says:

                    I hate to tell you this
                    No, you don’t.
                    .
                    Europes unemployment rates are over double the USA’s, it takes months to get medical care and the welfare/dole are bankrupting your countries.
                    Europe is dying…socialism is the cause.
                    Interesting how different things look depending on from what angle you’re looking at them. Is the US flourishing right now thanks to avoiding socialism? Or could we be having some issues in the Western world that go a wee bit beyond the isms? (PS: Sweden is not going bankrupt atm, and we’re certainly not the least socialistic country you’ll find.)

                  • PortlandMark says:

                    “If you think I’m a liar, go right ahead. So far the only liars are you three.

                    Which of you three do you think he meant?

                  • Uncle Fester says:

                    St Crispin’s Day, you really didn’t get the joke… typical grunt.
                    1) Some don’t play the service card like it mean their
                    opinion carries more weight.
                    2) If you mean I’m a socialist, then you either wouldn’t
                    know a socialist if it shot at you, or you’ve got a brain injury.

                    But please, impress me again about how many wars you’ve died in for us to be able to say that you’re a moron…

        • PortlandMark says:

          I’d love to get me some of that European socialism. Where do I stand in line?

        • slan agat says:

          Right, because that’s worked so well already. Has it failed to occur to you that continuing the policies of the last administration will keep us on the same trajectory?

          Every dollar spent on aid programs for the poor produces $1.74 in economic activity.

          Infrastructure construction spending, $1.59.

          Tax cuts, $1.03.

          Effective economic stimulus comes from government as spender of last resort, not from tax cuts. Last stimulus package was $60Bn of tax relief and only $17Bn made it into the economy.

          This isn’t from me, either. This is from Moody’s independent nonpartisan analysis (link).

          TL;DR summary: It’s time for Republicans to stop lying about what stimulus works and what doesn’t.

        • Anniee451 says:

          Hah – I’m surprised no one thinks you’re me. It’s tragic that he’s selling people the KOOL AID – er – false notion that the government can spend spend SPEND the way into prosperity for the country. Bizarre that anyone would buy it, no? They just luuurv their KoolAid I guess.

          • Uncle Fester says:

            It’s amazing what people will believe when they’re desperate. It doesn’t mean the’yre stupid necessarily, simply scared and skittish. Kool-aid is usually spiked with cyanide, not roofies…
            Although I really don’t think that the bail out is a ‘good’ idea, I’ve not got another answer that will result in something other than a monopolistic financial services sector as one place mops up the smaller places.
            Parable – back in the day, there were numerous CRM/PRM applications providers… now there is Oracle (who just bought up Siebel, who were to CRM what Hoover was to vacuums – people would say they had a ‘Siebel system’ when they meant CRM) or IBM… which forms a virtual monopoly depending on exisitng customer infrastructure… and most people in the market either have an IBM infrastructure existing, or something that suits Oracle… stifles innovation, stifles competition and means the the ‘best’ solution isn’t available, since anyone who comes up with something new is either bought up or run out of town on a rail…

  12. SK says:

    correction…stimulus. key stuck

  13. Steve says:

    So far I’m not impressed with the stimulus package. I think far too much of the money is going to end up in politicians “pet projects” that they’ve never been able to get funded before. (more of the same)
    It should ALL be going to education, infrastructure, and health care IMO. There are thousands of construction projects right in my home state that are all drawn up, just waiting for funding. Drop the contracts NOW, why does it take so long to get anything done? Put the construction guys to work, when they start getting paid, they will start buying things. The construction industry feeds manufacturing, shipping, and material industries as well.
    People on welfare or receiving money from politicians pet projects aren’t stimulating the economy. They need JOBS!

    • mothergoose says:

      I agree totally with infrastructure…so long as we’re not building the Palin-bridge-to-nowhere. I would definitely be all for improvements to the national power grid, bridge and road construction/refurbishment…but I’d also like some of the money to go to Job re-training for the laid-off/unemployed…

      • ubr says:

        and a lot less than $350B should go towards ‘tax breaks’…

        • rhorho says:

          If they are incentives that result in building payrolls, then it’s a great
          idea. If they are monies put onto the top side of large corporate entities
          to pad the bottom line, then it will be the old, failed “trickle down” fiasco
          regurgitated.

          • froofrou says:

            It needs to be tax incentives for companies. Won’t help for a minute, but at least it will create jobs in the long run.
            -
            But I think you just said that :-)

            • Steve says:

              In my company, that “tax incentive” would simply put XXXX number of dollars into the pocket of the CEO. It wouldn’t create ANY more jobs, because unless we increase production, there is no reason to hire employees.

              • froofrou says:

                It goes more toward not exporting jobs overseas. We have to give people a reason to keep their workers here.

                • Steve says:

                  What if the reason they ship jobs over seas is so that upper management can take a bigger slice of the profits by cutting labor costs?
                  -
                  You can’t fix greed.

                  • rhorho says:

                    You can’t fix greed, but you can organize around it,
                    taking it into account. Tax incentives for keeping our
                    citizens employed here are easy enough to install.

                    A few companies have already gone back to using
                    local people on their own. The profit increase from
                    farming jobs to cheap labor markets has not been
                    realized to the extent predicted in some cases. A little
                    nudge from the government could easily get more
                    Americans working on American soil.

                    • Steve says:

                      Agreed, it certainly could be done correctly. I’m just saying that we can’t count on employers to ‘do the right thing’ because they will simply do the most profitable thing.

                  • Uncle Fester says:

                    you can… it involves placing a 50cal at the base of their skull and discharging it in the board meeting… then ask if there are any questions…

                • PortlandMark says:

                  Froo, the reason the companies move our jobs overseas is because they can. They simply won’t be happy until all workers make the same low wage enjoyed in China (or wherever becomes the cheapest when Chinese wages start to rise).

                  • Uncle Fester says:

                    The point of globalisation was to internationalise manufactory, and the old ‘grunt’ jobs becoming part of a ’service led’ economy… part of the old myth of infinite growth with finite resource.

                    The issue to me, in terms of laissez faire/anarcho-Captialist policies is that they have at their heart the idea that the ‘market will always select the best solution’… when actually the market favours monopoly or cartel, and the consumer then has no choice at all…

                    • Grumpy Curmugeon says:

                      It all depends on which criteria are used to define “best solution”, doesn’t it?

                      “Best” for the CEO, or “best” for the average Joe?

                      • Uncle Fester says:

                        The ostensible ‘criterion’ is ‘the marketplace buyer’…and monopolies are not the friend of the marketplace

              • mothergoose says:

                Although I love the idea of a “Salary Cap” for CEO’s whose companies take Bailout money…they’re just going to have to be sure of the language so they don’t find loopholes for bonuses…

                • ubr says:

                  a $350B tax break for corporations will mean absolutely nothing except that the companies can actually report income somewhere near their actual level… what we really need is to spend that $350B on public works projects or retraining. that will have real tangible benefits…

                  • mothergoose says:

                    Oh, I agree on the infrastructure. I’m just afraid the amount of money allocated to it won’t be near enough…

                    • slan agat says:

                      Absolutely nowhere near. Just to bring our existing infrastructure up to code will take $2.2 TRILLION.

                      Thank Ronald Reagan for killing off scheduled maintenance spending.

                • Steve says:

                  I would love to see a cap that determines how big the pay gap between the worker and the top management can be for any company that gets bailout money. When you have workers making 40k, foreman making 60k, and top management making 400k you have a problem.
                  -
                  I know how you can justify anyone to making 200% more than the person right below them.

              • rhorho says:

                The lag time between supply and demand is inevitable. Right
                now, we’re facing that problem in the banking industry. People
                are not applying for loans because they have tightened up
                their belts. Business are not applying for loans because they
                aren’t assured that their production will generate the profits
                needed. The interest rates are higher, because, in these dark
                economic times, every risk is that much riskier.

                The outlook is bleak. I expect theft/robbery and violent crimes
                to increase due to the economic downturn, and stress, and
                small business arson to become commonplace.

                • ubr says:

                  speaking as someone who works in the banking industry, your conclusions are incorrect… consumers and business ARE applying for loans like crazy, what isn’t happening is money being lent. the banks got those huge cash infusions from the government and they still have not loosened up any money to loan to anyone…
                  .
                  right now in california home prices are the lowest they’ve been in about a decade and mortgage rates are at all time lows and still the banks are not giving out loans to anyone who doesn’t have a 740 FICO, high down payment and a 40% DTI… basically, they don’t want to give out their money because they feel that the economy is going to get worse and they don’t want to run out of money… but if they don’t start lending money the economy will get worse… so, it’s a self fulfilling prophecy…

                  • froofrou says:

                    They don’t want to make an unsecured (no down payment) loan to a bad loan risk (less than perfect credit history) because they have been burned. Burned badly. It’s completely understandable. A credit card is a bit different because you’re not taking 30 years to pay it off. A house, if it doesn’t get paid for, is a drain on the bank.

                    • celebratory says:

                      Checkout out FixHousingFirst.com for a proposal for a great solution to the recession. It’s a solution that has been used before, in 1975 and has worked! Checkout the list of businesses that support it. (I have the link attached to my name.) Write to your representatives about it, there is a link on
                      the website for that too.

                      • rhorho says:

                        Excellent! Thank you for a great idea!! :D

                        • celebratory says:

                          YW! I just want to get the word out on this, I think it could be a real boost to the housing market which would start the ball rolling. Here’s hoping this thing can turn around soon…

                        • slan agat says:

                          The Isakson amendment passed by voice vote in the Senate yesterday – proof that if a Republican brings out a good idea that ought to work, it can get a fair hearing.

                    • ubr says:

                      i’m not referring to bad loans, but rather good borrowers who still can’t get a loan… 20% down, high credit, and low debt to income ratio… loans that should be slam dunks…

                  • rhorho says:

                    Can you provide information on the notion that people
                    and businesses are applying for loans more frequently
                    as of late? I have heard the opposite on TV news, and
                    am trying to find information. To my mind, a decrease
                    in loan applications is consistent with a decrease in
                    spending, and a decrease in business profits. I’m still
                    looking for a source, but thought you might have one
                    handy in the meantime.

                    • froofrou says:

                      I’ve heard tell (around here, anyway) that money and smaller loans are still fairly easy to get. Banks just don’t want to make big loans. I can’t cite it, because it’s anecdotal, but I have heard it.
                      -
                      Texas is a bit of a special case, though. We still have jobs and a growing (albeit slowly) economy. I’m waiting for the bottom to drop out.

                      • eddiepscetti says:

                        Hasn’t Tejas normally weathered economic downturns better than the rest of the country (historically speaking)?

                        • froofrou says:

                          I think that’s a function of geography more than anything. Texas has a lot of surface area, and is diverse enough to be able to improvise. Also, we have Gulf access, which helps a LOT.

                        • rhorho says:

                          Texas has weathered hard times better in
                          general, but that has much to do with the
                          Law of Large Numbers. Pockets of single-
                          industry areas (Pittsburg comes to mind)
                          are hit harder than the rest, but overall,
                          our resources and diversity have sustained
                          us. The Houston area used to be rather
                          dependent on the dicey oil and gas market,
                          but developed a rather tough skin (increase
                          in economic diversity), especially after the
                          Enron collapse.

                        • ubr says:

                          texas also has extremely strict lending laws… so all the people that bought houses in the last ten years have not had the opportunity to increase the size of their mortgages (cash out)… you would be amazed how much teh housing industry effects the rest of the economy… especially regionally…

                        • rhorho says:

                          Loans in Texas can be obtained from banks
                          and brokers out of state. When I was home
                          shopping, I was told that I could qualify for
                          a house that was 8 times my annual gross
                          income. Of course my insistence on having a
                          fixed-rate mortgage caused eye rolls at the
                          time. If I weren’t such a cynic and miser,
                          I could be homeless now.

                        • ubr says:

                          yup, but the lender must be licensed in texas…
                          .
                          the point i was trying to make is that it is hard to pull money out of a house in texas without selling it… here in CA home owners were pulling money out of their house about every 6 months. as property values rose this seemed like free money. now that property values have dropped a lot of these borrowers are no upside down on their loans and cannot pull out anymore money to pay off their credit cards and etc. so, while the texans have just paid down their loans, the californians have lived above their means and been screwed over by their own greed.

                        • rhorho says:

                          Something must have changed, or credit card
                          regulation is different somehow. As far as I
                          know, credit card banks (mostly from
                          Delaware) were offering usurious rates at one
                          point, and I remember reading that many
                          Texans were affected. You would know better
                          than I, but I recall reading that Delaware
                          law requires banks to operate out of their
                          state in order to conduct business with their
                          state citizens, so many banks are based
                          there. IIRC, 15-ish years ago, TX maximum
                          interest rate was about 18%, but Texans with
                          DE cards were being charged up to 21%.

                        • ubr says:

                          credit cards have completely different regulations than home mortgages… check out the link… those are the texas cash out refi guidelines from a major bank… (suntrust)

                    • ubr says:

                      i don’t have any specific citations that i can link to, but at my office, our loan originations have tripled from november to january… i believe that most of it comes from the fact that interest rates for home loans is at 5.00% or less…

                      • rhorho says:

                        Are the people trying to re-fi or consolidate, or
                        are these new home purchases? I can see how
                        this would be a great time to buy a first home,
                        if one is in a stable job.

                        • ubr says:

                          mostly purchase business, but there have been lots of rate/term refinances… people who bought homes more than 4yrs ago and have not refi’d since are now taking the lower interest rates and getting a better deal on their house. since they bought their house before the market really took off they still have equity in their homes…
                          .
                          and also, all these loans use income based off of tax returns so there are no “liar loans” anymore…

                        • slan agat says:

                          I’d be surprised if people who bought in the last four years could refi even if they weren’t underwater, the way the mortgage-backed bond industry sliced and diced and recombined tranches. It’s gotten so a mortgagee can’t find the holder on his note anymore; you have to get 15 different bond holders into the room ust to renegotiate.

                        • ubr says:

                          we do them all day long… the note holder changes, but the servicer usually stays the same… it’s not hard to get a pay off demand…

                  • eddiepscetti says:

                    I would agree with your assessment. Downunder the Reserve Bank announced another 1% drop in the interest rate in an effort to try an stimulate the economy, which the 4 major banks have passed on to the consumers. The difference between here and the U.S. is the banks are lending and the government has thrown in a $21k first time home buyers grant. While it hasn’t been determined if this is going to help, at least both the government and the banks are doing something.

                  • rhorho says:

                    speaking as someone who works in the banking industry, your conclusions are incorrect

                    I’m going off of what economists are saying. I think you
                    may be extrapolating your bank’s anecdotal experience
                    to a national scale.

                    People are tightening up their purse strings. Those used
                    to getting new cars every 2-3 years are making do with
                    what they have. Lack of consumer confidence has
                    affected consumer spending. Surely you’re not arguing
                    that fact

                    • ubr says:

                      i’m not arguing that consumer confidence has affected consumer
                      spending. what i am trying to argue is that consumer confidence
                      has affected lending as a whole…
                      .
                      i’m not trying to toot my own horn here, but i work for one of the major banks in the country… i won’t say which one because i will be universally hated for even bringing up their name… but the banking industry as a whole moves together.
                      when we see a trend, everyone jumps and falls in line behind it. it’s not the best system in the world, to say the least, but that’s the way it works… we’ve seen banks increase lending requirements to the point where good loans are not being written because the bank does not want to give out the money… we keep track of these changes in our competition like a good sailor keeps his high on the wind. if everyone starts tightening up their requirements we all figure that they know something bad is coming down the line… which winds up
                      being a self-fulfilling prophecy…

            • Tessie says:

              “It needs to be tax incentives for companies.”
              `
              It needs to be tax incentives for companies that keep or create jobs in the U.S.

              • froofrou says:

                That’s what I was implying, but you said it more clearly :-)

                • ubr says:

                  a direct relationship between tax cuts and job increases? wow. that would work… too bad we’ll probably never see it cut down that specifically…

                  • rhorho says:

                    You keep saying “cuts.” Try thinking “incentives,”
                    whereby taxes are reduced based upon certain types
                    of behavior, such as hiring U.S. citizens to work on
                    U.S. soil.

                    • ubr says:

                      either way it means the same thing… (at least in my mind)
                      .
                      but i have a nasty head cold right now and incentives takes more pounding on the keyboard which hurts my head. haha

              • Uncle Fester says:

                The trick is how to do it without pissing off China… If it came to an economic faceoff they basically hold all the good cards.

      • PortlandMark says:

        Okay, I’m gonna put my liberal credibility on the line and say that the “bridge to nowhere” was an example of good government spending. At least, it would anywhere but Alaska. Here’s my thinking:

        The bridge would cost a lot of money, and would initially benefit a small population. However, once property on the island was auto accessable, property values would rise, and more people would move there. More homes, stores, and what not would mean more jobs.

        I’ll grant you, I don’t think you’d generate 225 million in productivity, but you would if you did the same thing to a couple islands near Portland.

        I’m probably factually wrong, but I just want to throw this out there.

    • rhorho says:

      I agree, Steve. I can’t believe that Caterpillar had a massive lay-off just when
      our country is in massive need of road and bridge projects, electric grid work,
      etc. Our steel industry needs a good boost, too.

      Our educational system needs a massive re-vamp in the wake of “No Child Left
      Behind,” and our entire collegiate system needs to be looked at in terms of the
      national investment that it is.

      Our health care system is a total joke. Drug R&D costs are largely borne on the backs of our seniors and people too sick to work. That’s backwards! So is the lack of preventative medicine and education.

      The plans I’ve read/heard about so far are not addressing what we need to get out of this mess.

      • mothergoose says:

        The other thing that worries me is that in our “haste” to get this passed, that we’re not looking long-term enough. Just like you said, Rho…there’s sooooo much that needs revamped.

        • froofrou says:

          Does this remind you of another bad idea a couple of months ago, that if we DON’T PASS THIS NOW ARMAGEDDON WILL BE UPON US AND FIRE WILL RAIN DOWN FROM HEAVEN AND WE”LL ALL DIE HORRIBLE DEATHS!!! PASS IT!!!! PASS IT NOW!!!!!!!!!!
          -
          Hmmm? :-) I think they are both bad ideas, and simply ways to pay off cronies. Bush’s banking buddies, and Obama’s election helpers.

          • rhorho says:

            Two Douglas Adams quotes:

            “Don’t panic.”

            “You live and learn. At any rate, you live.”

            • froofrou says:

              Can you forward those on to the current administration?

              • mothergoose says:

                On the other hand, can we afford to do nothing? This whole thing has me verklempt…On the one hand i agree that it’s a TON of money that could be put to better use in alot of areas in need…on the other hand, I don’t know near enough about economics to know who’s right and who’s wrong….

                • froofrou says:

                  Doing nothing is not the answer. It’s as bad as doing the wrong thing. Which, needs to be told to the current administration, who seems to be looking at GWB for tips on how to fix an economy.

            • ubr says:

              where’s my towel?

          • slan agat says:

            Sorry, froo, but your comment and MG’s taken together are making me lol even harder at the Republican obstructionists. Because after they whined and complained and wheedled and got a stimulus bill that was 1/3 tax cuts (see above about how effective tax cuts are vs. direct spending for stimulus, i.e., not very), they refused to vote for the thing because it put too much into long term programs and not enough into what they thought would create jobs now now now *stomp stomp stomp*.

            Ironically, after wheedling for tax cuts, they said what they really wanted was more of the infrastructure spending they were against in the first place.

            What they really want is for the whole damn thing not to work, so that in 2010 they can say “See? It didn’t work.” Never mind that they’re the reason it didn’t work to begin with.

            We had this discussion a few LOLs ago – the Republican agenda is to kill any part of government that actually works, so they can turn around and say government doesn’t work and deregulate further.

            • rhorho says:

              Froo has indicated in the past that she sees the whole thing as a
              fairly even tennis match, with both sides being equal, and the ball
              just volleying back and forth.

              She doesn’t understand the concept of knit-unravel, where the
              unravelers point at the mess on the floor (worse than the original
              tidy ball of yarn) they just made and blame it on the knitters, and
              saying that there is no point to knitting, then wondering why they
              are cold in the winter.

              • rhorho says:

                That last paragraph is a verb agreement nightmare! This is
                admittedly oversimplified, but it’s intended as a metaphoric
                outline, and, as such, is not going to be perfect:

                1. Dems knit.
                2. Reps unravel.
                3. Reps blame unraveled mess on Dems.
                4. Reps claim no point in knitting.
                5. People wonder why everyone is cold.
                ************
                Current situation:
                GWB/BHO Changeover:

                1. Dems discover raveled mess on floor.
                2. Dems look carefully and notice tangles and knots.
                3. Dems must retwine yarn before knitting again.
                4. Dems mus simultaneously plan new knitting project.

                Predictions:

                4. Reps blame Dems for tangles and knots.
                5. Reps laugh at time it takes Dems to re-ravel yarn.
                6. Reps campaign to begin unraveling again.

                • Prediction 7: Cat enters room and “helps” with tangled yarn.

                  Actually, I think the metaphor could be continued with something like “Dems knit everyone three ugly sweaters (one size fits all!) when what we really needed was an afghan. Reps take 1 sweater from each member of middle class and give it to CEO, who has no use for it. Organization protests use of knitting needles as “dangerous”; much discussion arises over whether use and sale should be regulated. Everyone freezes.

                  • Disclaimer: I may possibly just be annoyed and cranky with everything at the moment.

                    I do think yours is a good metaphor, Rho!

                    • rhorho says:

                      It’s as good of a metaphor as I can dream up at the
                      moment. I thought of adding a section in which all
                      of the knitting was farmed out to China, and China
                      did such a good job that everybody let them take
                      over. I’m possibly annoyed and cranky, too.

                      [LINK] Knitting for Psychos

                • ubr says:

                  this might just be my personal venting on the subject, but i think the dems and the reps both held the string and proceeded to run around in circles…

                • rhorho says:

                  *looks at numeral sequence*

                  *sets up caffeine IV*

  14. Steve says:

    In addition, Obama’s own website survey “Open for Questions” revealed that drug reform is at the top of the priority list for many Americans, as not only something that needs attention, but as a way to resolve our current financial crisis.
    [LINK]

    • mothergoose says:

      *quits doing Bong hits with Michael Phelps*
      *cough*
      Did you say drug reform?

      • ubr says:

        ‘cough’?
        .
        that smoke was expensive! you better not waste any!!

      • Steve says:

        Yes, MG…reform…as in legalized, regulated, and taxed. Create a few million jobs right here in the US.
        *takes a rip..passes bong back to mothergoose*
        -
        Two of the biggest companies in our nation are Phillip-Morris and Anheiser-Bush…is it any secret that Americans love our recreational drugs? Instead of letting all of our money go to Mexican cartels, why not keep it right here in America? They could eliminate the international drug trade because the they already can’t compete with the quality that comes out of northern California, once it’s legal they won’t be able to compete on price either.

        • mothergoose says:

          BUY AMERICAN!!!! Maui Wowie!!!! ;-)

          *full disclosure alert*
          Mothergoose does not endorse recreational drug use; however, she UNDERSTANDS it!!!!

          • ubr says:

            imagine if we starting taxing drug sales… instead of the drug war being a massive drain on our economy we would have a major boost from taxation. and we could start taxing the income of the dealers and growers… all of a sudden we might not have any economic problems at all… and california might actually be able to balance a budget…

            • That was my thinking too. We tax cigs so why not pot? Driving under the influence could still be a crime but we wouldn’t have cops shaking people down just to find a minor drug. The dealers could be productive citizens and a lot of the seedy crap could be filtered out of the business.

              • mothergoose says:

                Think of the economic boost from the sale of Twinkies and Doritos alone!!!!

                • ubr says:

                  i saw a show last night about how the state of california has seized more than than 5M plants in 2008… with an estimated street value around $15B… even with just sales tax we’re talking about huge volumes of revenue for the state…

                  • Let alone the business licenses for the dealers and growers.

                  • slan agat says:

                    But remember the bottom would fall out of the market. A pack of 20 joints might bring in about $10, half of which would be tax, at a rough guess?

                    So that current street value of $15Bn would have a legal commodity value more like $1.5Bn or less.

                    • ubr says:

                      right now CA is out of money… every penny would help… haha

                      • FaileV says:

                        true the value would go down if supply goes up, and one has to wonder how they would regulate the growers. would it just become farming or would the gents that were hiding in their basement still have a job. i doubt the second, still it would be a better direction to take. it would make more legal jobs and bring in more taxes into the system.
                        I’m just worried how it would effect healthcare

                        • ubr says:

                          hopefully it would turn into farming… just like tobacco is…
                          .
                          and i think it would be more beneficial to healthcare than most would imagine… marijuana is one of the few pain killers on earth that you cannot overdose on… it’s also one of the few appetite stimulants that does not have crazy side effects…
                          .
                          [link] is a great documentary on weed/hemp and it’s multitude of uses…

                        • FaileV says:

                          well i was more thinking of a story, my sister broke her arm in holland, and apparently they couldn’t give her painkillers cause they couldn’t be sure what was in her system or something. But that may just as easily be incompetence. of the doctor. it just gets me thinking is all.

              • I agree with you, but would add that there are some interesting evidentiary issues with the driving under the influence question. With alcohol, you have an objective measure, the BAC, while with pot not so much. The standard drug-test stuff for pot measures THC metabolites in the urine, which will throw a positive for a significant period of time after the last use, whether the person’s actually high or not. That really just leaves the roadside-sobriety-test kind of thing, which even when videotaped is somewhat subjective. I realize that’s an issue whether pot’s legalized or not, but it’s something that should be thought about so that it can be dealt with in a reasonable manner.

                • ubr says:

                  a field sobriety test with some sort of reaction test would probably work best… that or the normal pupil dilation test…
                  .
                  in CA we have the “safe speed law” which means that a cop can give you a speeding ticket / under the influence ticket without having any proof. all that has to happen is the police officer has to cite that the safe speed for your current condition (and the road’s) is lower than your actual speed…
                  .
                  this sounds pretty weird, but one of my dad’s 5150 clients got a speeding ticket and the cop wrote on the ticket that the safe speed for her was 0 mph…

                  • :-) I’ve known plenty of people who were only safe drivers at 0 mph! I love that. We don’t have that here (TN).

                  • slan agat says:

                    That’s damn clever, but again, subject to some serious abuse. All teh evidence about the driver’s condition factoring into safe speed would come down to the officer’s testilying. (That’s not a typo.)

                    • ubr says:

                      having been on the wrong side of testilying a couple times i readily agree with you… but with in dash videos and etc these days it’s getting easier and easier to check a police officer’s credibility…

                • slaggingham says:

                  I agree with legalization of pot, but I want a quid-pro-quo.

                  I want tougher penalties for DUI, (as well as driving with a suspended/revoked license), and if you’re so drunk/stoned that you are convicted of neglecting your kid’s well-being, I want your reproductive organs removed.

                  Actually, I want that to apply to anyone who neglects their children, not just winos and potheads.

                  Deal?

                  • ubr says:

                    sounds good to me.
                    .
                    as long as we still get to stone stupid people. they really get on my nerves.

                  • Steve says:

                    I agree.
                    The roads are no place for recreational drugs. I wouldn’t mind if they made a law similar to the “open container” law for alcohol. If you have weed in the car that isn’t sealed up, keep it in the trunk, out of reach of the driver.

  15. Kelly says:

    somehow i am starting to find obama sexy… it´s really weird. that´s not for oldies.

  16. hako says:

    DO NOT WANT.

  17. Jexxa says:

    Turning the economic crisis into a dick joke win. :D

  18. Tessie says:

    “If you prefer margarine, I will bring you the finest margarine the world has ever known. There will also be peas.”

  19. Sexymofo says:

    ^_^ You fail, please try again

  20. ijjy says:

    Regardless of any political opinion, this isnt even funny.
    Why is this on here?
    I swear, people could just put any picture of obama and some unfunny text and its instantly a hit.

    • Gettin ijjy with it says:

      Poor you, as*hole. Sorry your sense of humor is stuck in retard mode.
      I’m a conservative, and I find this amusing. It’s on here because it’s funny.
      Don’t like it? Go back and visit Uncle Rush. Your “regardless of any political opinion” comment is just ridiculous.
      You give us a bad name.

      • Anniee451 says:

        Ijjy gives you a bad name for pointing out that this thing isn’t FUNNY? The guy who made it knows it isn’t funny FFS – who the hell are you anyway? Not a conservative, I can tell you that much. Maybe a RINO maybe an “independent” leftist, but either way you’re an as*hole. Now go back to your Bill Maher and your Keith Olbermann, eff-tard.

        • Uncle Fester says:

          Well, that was bracing from our resident ‘more right wing than Colbert’
          Was that supposed to be funny, or just trolling… I’m sure your bible must have something to say on the subject of being an asshole to strangers…

        • So pretty much you are more concerned about whose “team” he/she is on than you are about anything else. If anything, it is just a dick joke which apparently a number of people found funny. Personally I barely snickered but eh, who cares really?

          • Anniee451 says:

            You should have directed that comment at “gettin ijjy with it”, DWN. It would have made sense that way.

            • rhorho says:

              It made perfect sense exactly where DWN put it. Look at your
              post. You are nothing but a partisan, which requires no thought
              whatsoever. Perhaps that is why you don’t understand the
              relevance of DWN’s comment to you. Have you thought of that?

              Oops, sorry!

              • Anniee451 says:

                It was ridiculously stupid to castigate me when it was getting ijjy who exemplified the attitude.

                You’re such a dutiful little cheerleader though – ever get tired of waving those pompoms? Do your yippy little terrier teeth ever get tired of nipping at people’s ankles? You seem pretty tireless about it, but you must have to turn in circles and lay down sometime, right?

                Or, actually, you could get a pretty simple program to take over for you during those times – that’s how you do it, isn’t it? You just have to set it to post right behind Fister and Co., and put together a couple simple sentences using “partisan” and “slack jaw” and then you could sleep as long as you wanted. And even take the time to sharpen those nippy little terrier teeth before you got back on personally.

                Rah rah rah!

  21. Alli says:

    :( I have a feeling that I, as a teen, will have to pay for this package, later.

    • Uncle Fester says:

      Since economies are pretty much all positive feedback systems, or have major elements of dynamical(sic) instability, the amount of noise this creates down the line is not-really predictable. If a good job is done, I’d say latter part of the 21st C… based on the raging incompetents we seem to have in business and politics, it could be the same dance in 8 to 10 years…

    • Steve says:

      At least you can join us in the “Paying for Broken Social Security” boat.

  22. bjustice says:

    B.O. is full of HYPE not hope

  23. Lumara says:

    Bend over, taxpayers! You’re about the get the biggest screwing of your life.

  24. Anniee451 says:

    It’s a bizarro world where enormously massive government spending (steal-n-spend or borrow-n-spend) can be called economic “stimulus.” When you’re broke and your bills are months behind, unpaid, and you borrow ten times what you owe, only to spend it on putting in new floors and painting your house, that isn’t a stimulant to your financial situation. Nor is this abortion of a bill a stimulant to the national economy. Economists have finally been advising that the proper course of action for *government* would be to stop trying to fix it and let the market adjust. If they want to help, they can cut taxes; that does the trick. But the sheeple just believe government can save them and take care of them and make everything right. And drag the rest of us along with them into the toilet.

  25. LOL says:

    Annie give up. These people define themselves by what they accomplish on a site that has it’s origins in /b/

  26. randomchic86 says:

    oh yeah baby-i want it!

  27. dkddskdk says:

    How come they never captioned Bush with “President Bush” like they do with Obama? That’s pretty annoying…

  28. JB says:

    One. Trillion. Dollars.

    Um…not so much.

    This isn’t the ‘change’ I voted for, dips#1t.

    * le sigh *

  29. Annie says:

    Amen!

    FIRST DO NO HARM, Obama!

    Jeezus H. Tapdancing Chryst!!! WTF are you THINKING?!?!

    • Uncle Fester says:

      See my question above.
      To allow the market to do as it will (which was my first choice, but that was more a fit of pique than logic) would result in the American Financial Services sector reduce to a playing field of one to three very large players – a Monopoly or something that closely resembles a Cartel. This is not a good thing for the market (customers) since it stifles innovation and choice…
      That’s not to say the stimulus package is a ‘good’ idea, simply the least worst one that can be quickly implemented… If you wanted a GOOD solution, then you’d have to guarantee someone had more than 8 years as CEO of America Incorporated to pull that off…


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