Tuesday February 9, 2010 6:07 PM ET
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User Comments
Jump_Jive SmartMoney Insiders
35 Comments
The Fix Doesn't sound too bad..........What do you think? There was an article in the St. Petersburg Fl. Times. The Business Section asked readers for ideas on: "How Would You Fix the Economy?" I think this guy nailed it! _____ Dear Mr. President, Please find below my suggestion for fixing America's Economy. Instead of giving Billions of dollars to companies that will squander the money on lavish parties and unearned bonuses, use the following plan. You can call it the "Patriotic Retirement Plan": There are about 40 million people over 50 in the work force. Pay them $1 million apiece severance for early retirement with the following stipulations: 1) They MUST retire. Forty million job openings - Unemployment fixed. 2) They MUST buy a new American CAR. Forty million cars ordered - Auto Industry fixed. 3) They MUST either buy a house or pay off their mortgage - Housing Crisis fixed. It can't get any easier than that!! P.S.. If more money is needed, have all members in ...(Read more of this comment)
txranger SmartMoney Insiders
1128 Comments
Global warming in DC again.
Good day all. Time to walk the dogs in the cold.

txranger SmartMoney Insiders
1128 Comments
johnsari123 -- re: 2012, obama's budget plan projects a Trillion+ deficit in 2012, if he is successful in reducing the deficit.
txranger SmartMoney Insiders
1128 Comments
The Federal Government is not the solution, it is the problem. Let Freedom ring.
txranger SmartMoney Insiders
1128 Comments
Freddie and Fannie should be phased out!!!
They are a backdoor to the Treasury. (even if there are no funds available - DEFICIT spending).
In other words close them ASAP.

Posted by: johnsari123
Tx - yes, agreed. But Fannie & Freddie are also keeping the Mortgage market alive. Approx. 94% of mortgages are approved because of the backing of Fannie & Freddie. Now can you imagine the market without this mechanism?? House prices would plummet even more since no one (except the lucky 6%)would be able to afford a home or a mortgage. So let's count our lucky stars that Fannie & Frddie exist...
txranger SmartMoney Insiders
1128 Comments
johnsari123 -- the news stories about billions of taxpayer dollars to Brazil is an old story.
Remember: GM,AIG,Chrysler, GMAC, Freddie and Fannie.
Banks paid back their TARP with a profit but the others did NOT. All TARP "investments" have not been re-paid. Freddie and Fannie have access to UNLIMITED federal funds (per obama). They continue to obligate the taxpayers.

Posted by: peter1520
The WSJ reported that story back on 8/18/2009. It is still a sorry story, but not exactly news unless the Soros portion of the story just broke. Politics is broken. Morally and financially.
Posted by: johnsari123
Another sleazy and nonsense story from FOX "news". Of course nobody carried it since it was mostly bogus. Why would be lend 2 billion to ANYBODY without anything in return??? Think about it, WHY? Right there it tells you it's bogus. So far the government has reaped $17 billion in profits (net of any losses) from the Wall St bailout ... but no one mentions this!!! Why? So then why would the government do this? Come you should have more common sense than this? I'm sure FOX left out a lot from this story (i.e. anything that would make Obama look good in any way).
Jump_Jive SmartMoney Insiders
35 Comments
Yea Buddy we are definitely going to balance the budget ha ha ha ha ........more of our money down the flusher....... Just passing this one along....This is totally disgusting!!!! Small business is trying to survive, looking for assistance and we send it to Brazil....for the "reasons" stated. Just more "mud in our face". Obama underwrites off shore oil drilling in BRAZIL . This is a perfect example why I refrain from watching the news on ABC, NBC, CBS, or MSNBC who did not mention one thing about this. Today on a segment of the "Glen Beck Show" on FOX (Fox Cable News) was the following: "Today, even though President Obama is against off shore drilling for our country, he signed an executive order to loan 2 Billion of our taxpayers dollars to a Brazilian Oil Exploration Company (which is the 8th largest company in the entire world) to drill for oil off the coast of Brazil ! The oil that comes from this operation is for the sole purpose and use of China and NOT THE USA ! No...(Read more of this comment)
txranger SmartMoney Insiders
1128 Comments
Higher fed taxes=Lower fed tax revenue
Trillions squandered without solution to the basic problems.
Read the WSJ re: Freddie and Fannie liabilities and being an arm of the administration for social goals.
surplus 2012?
10,079

frogigger SmartMoney Insiders
731 Comments
I must have missed something, Mkt high is over 14,164,,,I am still about 4,000 down...Hello, Credit, I want all my 14K back then some. Ding bats and sneaky snakes out in the sun today...
Posted by: johnsari123
It all depends on the growth of the economy, slashing spending, and let the Bush tax cuts expire. If all these come together as they should then I don't why not by 2012...
Posted by: ddrabik61
John, you're kidding right? What ever it is you're smoking, please share with the rest of us!
Posted by: peter1520
Looking to pick some low hanging fruit after the pull back. Johnsaril123 - surplus by 2012? That would take a lot of taxes and spending reductions, but mostly taxes to accomplish.
Posted by: johnsari123
The market is way up today ... where are all the doomsayers?? Who takes credit for this?
Posted by: johnsari123
By 2012 the US will have a budget surplus ... not to worry.
txranger SmartMoney Insiders
1128 Comments
14,000 Greece debt postponed.
US Debt and Deficits?

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