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03-15-2009, 02:07 AM
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Hummer Guru
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Join Date: Oct 2005
Location: I CAN BARELY SEE THE ROAD...
Posts: 4,624
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Recession, Depression, and then Recovery
Recession is when your neighbor loses his job.
Depression is when you lose yours.
.............and Recovery is when Obama loses his.
__________________
 Black Sheep Hummer Squadron( CenCal Chapter - Me, Myself, and I )
"OBAMA......Making Jimmy Carter LOOK GOOD!"
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03-15-2009, 07:28 PM
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Hummer Guru
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Join Date: Dec 2005
Location: In a FREE U.S.A. where Marxism, Socialism & Communism is not allowed !
Posts: 5,485
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Re: Recession, Depression, and then Recovery
Just in case you don't know...
Obama is spending more money then ALL OTHER U.S. Presidents COMBINED!!!!!!!!!!!!!!!!!!
__________________
REMEMBER
History, be it in 1 Year, 10 Years, a Hundred Years or One Thousand, will show that those people who voted for John McCain in the United States Presidental Election of 2008 were true patriots...
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03-15-2009, 10:35 PM
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Hummer Novice
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Join Date: Mar 2009
Location: Brisbane, Queensland, Oz
Posts: 24
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Re: Recession, Depression, and then Recovery
Just so you don't feel like you are on your lonesome...Australia's PM, Kevin Obama Rudd is borrowing AUD$1 billion a day "saving Australia from recession".
The kicker is that what he is really doing is what every socialist government does...spend on social programs we can not afford..the only differrence is that this time he is masking as response to the Global Economic Downturn.
Just to really make it interesting, the funding is coming from the Australian banks who are buying Government bonds with funds they are borrowing from overseas banks...and you will love this bit....THE AUSTRALIAN GOVERNMENT ARE GAURANTEEING ALL OVERSEAS BORROWING BY THE BANKS!!!!!!!!
Interest rate for the banks on the bonds 6.25% against the current Reserve Bank official rate of interest of 3.5%!!!!!!!!!!!
The Government is in the process of paying every Australian (pre Xmas they gave a cash handout to low income and pensioners) who filed a tax return in 2007/2008 with a $900 payment..total cost $10 billion. It is so well thought out that it will be paid to anyone who has since died as wellas to anyone on an Australian pension but who is living over seas. Main recipients are Greece and Italy. In the pre Xmas cash handout, Australia injected $17 million into the Greek economy and now we are about ot do it again!
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It's not just about how big a rock you can get over....it's also about how remote a rock you can get to.
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03-16-2009, 12:56 AM
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Hummer Expert
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Join Date: Aug 2006
Posts: 925
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Re: Recession, Depression, and then Recovery
The world is Changing for the better
Quote:
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Originally Posted by DDWH
Recession is when your neighbor loses his job.
Depression is when you lose yours.
.............and Recovery is when Obama loses his.
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03-16-2009, 10:26 PM
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Hummer Guru
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Join Date: Jul 2006
Location: Stouts Creek
Posts: 4,192
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Re: Recession, Depression, and then Recovery
Treasury Dept...
Ponzi Sceme on a new level!
__________________
"For God so loved the world he gave his only son that whoever believe in him would not perish but have everlasting life. "
(John 3:16)
2006 H3 Slate Blue,Header,Jacked,CAI,Toyo35's,HHO.
Priors...
Explorer
Commander
71 Vette
You Name it!
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03-16-2009, 11:02 PM
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Hummer Guru
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Join Date: Dec 2005
Location: In a FREE U.S.A. where Marxism, Socialism & Communism is not allowed !
Posts: 5,485
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Re: Recession, Depression, and then Recovery
Quote:
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Originally Posted by wpage
Treasury Dept...
Ponzi Sceme on a new level!
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 MADOFF "1"
 OBAMA "0" so far
__________________
REMEMBER
History, be it in 1 Year, 10 Years, a Hundred Years or One Thousand, will show that those people who voted for John McCain in the United States Presidental Election of 2008 were true patriots...
Last edited by RubHer Yellow Ducky : 03-16-2009 at 11:06 PM.
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