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Well, party is over.
Keep printing money -> dollar value drops -> inflation -> deeper recession -> depression.
Stop printing money -> many will fold faster -> deeper recession -> depression.
Nice choices for Obama.
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Does anybody find it odd Obama was shown on CNN today railing against spending in congress after he just put on a $100 million dollar party, in the midst of a recession, of which his supporters have not yet even raised half the money to cover?
It's day one and we're $50 million in the hole.. what a way to start.
I tend to lean towards the democrats on this stuff, but that's just plain poor taste.
If it sounds too good to be true, post it on DNForum and you'll find some suckers!
Well, party is over.
Keep printing money -> dollar value drops -> inflation -> deeper recession -> depression.
Stop printing money -> many will fold faster -> deeper recession -> depression.
Nice choices for Obama.
Harley, where are you getting that $100m figure from?
As it is, I don't know how you can possibly think he doesn't have the money to cover it... All up, Obama's campaigning raised over $750m in a mixture of cash and contra donations.
Where do you get the 750m figure from? Most of his campaign cash was already spent prior to the inauguration. There is no doubt the taxpayer paid for it.Originally Posted by HarveyJ
Think about it this way. There had to be an inauguration, right? And there was a record number of people showing up for this inauguration, correct? And there had to be security hired and services provided, right? Not only that, we're in the middle of a war. So don't you think it's going to cost a little money to hold an inauguration, especially this year? If security, etc was skimped and something broke out where a lot of people died and got injured, then people would ask why there wasn't enough security....
Last edited by Tia Wood; 01-22-2009 at 09:17 AM.
list of donors:
By the orders of President Obama himself:
PIC = Presidential Inaugural Committee
http://www.pic2009.org/page/content/donors/
and those bundling the donations:
http://www.pic2009.org/page/content/bundlers/
seems like an open list....or?
I would like other links if they are out there that show where the money is coming from.
Well, speaking from the UK, I found it all to be very tastefully done and inspiring, whether or not it cost $100m. Also Hillary's reception at her new office was broadcast here. I wish we Brits had something to feel cheerful about. Good luck to the new team there, I say.
Well, Bush is out of office. That is always something that makes 80% of the people Cheery.
Here this might put a smile on your face. It did mine
http://www.youtube.com/watch?v=aP4d4oFKv78
Yes, his departure rates probably 90% of the cheer factor. That is a HILARIOUS video - thanks for sharing!Well, Bush is out of office. That is always something that makes 80% of the people Cheery.
Here this might put a smile on your face. It did mine
http://www.youtube.com/watch?v=aP4d4oFKv78
It didn't have to cost over a 100m to provide adequate security for the inauguration.....especially when we have a severe recession going on. A little fiscal responsibly is all I ask.
@bd77: That might be the best $100m spent for a long while. I'd even go as far as saying that IMHO it was fiscally prudent. The world and its economies are watching. What they've seen so far might result in an excellent ROI.
or Obama could:
Sign JFK's executive order 11110 to abolish the Fed.....Priceless.
Yes I'm sure you Brits are happy and all since Obama will try to turn America into a socialistic form of government like many European countries have. It will be a disaster but it will be to late to fix it since once people get used to government welfare they never want to get off of it. The Democrats will have a bunch of freeloaders as their voting block which will keep them in power for many decades if not more. So yes go ahead and cheer for the end to the greatest freedom loving capitalistic country ever to exist.
You need to understand one thing though that long before America falls your country will have fallen to the radical Muslims that will one day make up the majority of English society. Their birthrate is far higher than your own. Its frighten to think you will one day be govern by sharia law.
Wishful thinking. You know as well as I do that he can't do that. Obama wants to keep on printing money for the foreseeable future. It will be the tool that leads us to socialism.
Last edited by Donald Aquilano; 01-22-2009 at 01:58 PM. Reason: Automerged Doublepost
So we're all socialists here in the UK then? NOT. Our country has never fallen to anyone in earnest. You're making political assumptions and classifying a diverse population into a single category. Sure, we have Muslims here and the vast majority of them are decent; hardworking, law-abiding people. I have a Muslim nephew-in-law and my wife is Asian. So no racist issues on my side. I also spend much of my time in Malaysia which is a Muslim country, and one of the most friendly places on earth to Westerners. There are radicals all over the place. Why pick on the UK? You have your own fair share.
I think you may be slightly adrift on the "greatest freedom loving capitalistic country ever to exist." bit. That's us here.
In reality, before the "majority" radical scenario you describe were to unfold, the far right here would put a QUICK stop to it.
Like America, the UK prides itself in being home to a diverse range of ethnicity. After all, without that tenet and policy, we wouldn't have Chicken Vindaloo would we? Now THAT would be a national disaster.
I initially heard the figure was 15 Million, 3 times as much as what it cost for Bush... This may of increased, I'll have to research the numbers.
Agree with the original poster
I said this before, The very members who complain about the wall street fat cats blowing OUR money on parties and resorts, seem to have NO problem with blowing 15 mil in tax payer dollars on a party during a recession. The inauguration had to take place and I'm not against it, I just don't think the tax payers should flip the bill for what ever the amount is, Why not have a budget where the tax payer pay the first 5 mil and the rest is the DNC's or RNC's responsibility?... There needs to be limits.
This is a good indication of what's going to come, Obviously our new President has a problem exercising restraint.
Please vote Republican in 2012, America can not sustain another 4 years
of Liberal policies that are fiscally and socially destroying the country..
I think this whatever billion was a good necessary expense as aZooZa put it, and sure is something I'd be willing to contribute to rather than the unaccounted billions that somehow got lost on its way to the Iraq War.
Obama hit the ground running even before he was swore in but that's not good enough. He published a transparent list of donors, treating you better than PPC companies yet that's not good enough. He's been on the job for 1 day, yet some impatiently tap their foots.
Bush has had 8 years. Yet he is praised even when there is plenty of reason not to, plenty of time to be for the people.
We can agree to disagree. We can participate in these discussions that separate us yet that much more. Or we can decide to take action starting with our local community, our local charities, our local food pantries. We can get over the fact that a man we didn't like won, just as Democrats had to do over the past 8 years. And we can stop dooming a man before he's had a real fair chance to do anything. If you can't and really angry about it still, turn that anger into something productive and help those in need because we're not going to argue our way out of a recession.
Right, that would be best and only choice, but, you know it's not going to happen
@ meganerd:
The whole Obama thing has us thinking here in the UK. The toll of the bell of change is sounding. The trouble here is that we have monkeys to lead us. There's no vibrance or vigour in the UK. We have to swallow what we have. The USA has a new chance to influence all this, but I do say it with caution. Essentially, if you guys over there can breathe new life, the world will surely follow, albeit fiscally to start with. But that's okay. Do Gaza first. My pound buys me $1.38 today. That is also a nightmare.
UK government sucks badly. I am a Conservative but I have respect for Gordon Brown, but he is way out of his depth. When Cameron gets in here (which he will) I hope we can enjoy the sands of change that seem to be currently enjoyed over the pond. We in the UK have very few true statesmen left. Latest is Ken Clarke coming in to the fray which is about the best news I have heard as Mandelson is an utter prat. Clarke should have come in on the PM ticket in the first place.
Good old staid, "act slowly and reap the rewards" Britain. We're actually getting to steeped in bullshit here.
If we are talking factual numbers about what cost what please post your links
Numbers out of thin air isn't much of an argument.
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