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 U.S., IEA to Release Oil from Reserves 
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Player of the Year - Defense

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Post Re: U.S., IEA to Release Oil from Reserves
Quote:
More than half of that 51% are black, black people vote for Obama.


Huh? Black people represent less than 15% of the US's population.

The official reason was Libya, but Libya is two months old.

It was done to try to jump start the economy a little bit. Not gonna make much a difference though.

The economy is awful and will continue to be awful. No one in power really knows WTF they are doing. Bernanke on Thursday admitted that the Fed had no idea why the economy still sucks.


June 24th, 2011, 6:19 pm
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Post Re: U.S., IEA to Release Oil from Reserves
Blueskies, aughsum was just confused again, as always. Reading comprehension isn't his strongest attribute. Hilarity usually is though. :lol:

I heard some of Bernake's comments and laughed. The primary reason why the economy isn't improving is uncertainty. It isn't so much the tax rates, as the bureaucratic regulatory over-reach of the Obama Administration. Businesses don't know what crappy government oversight they will have to deal with next, so why invest?

It's so simple to anyone who has worked in the real world, but the academics and ideologues of this administration don't have a clue. On paper, their socialist worldview seems like perfection, but reality doesn't agree.

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June 25th, 2011, 12:26 am
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Post Re: U.S., IEA to Release Oil from Reserves
Yup, lets extend tax breaks to instill certainty, then propose tax hikes in the debt ceiling discussions. Lets bash wall street, then ask them for donations. Lets spend 1.1billion on military actions in Libya, then say what military actions? I think they believe that if they make everyone else as confused as they look, that we'll lose track.


June 25th, 2011, 12:39 am
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Post Re: U.S., IEA to Release Oil from Reserves
Let's look at it from the perspective of a small business owner, shall we? First, he crams Obamacare down their throats where they'll have to cover more people with better coverage, or else face a fine. Next, Obama's EPA will make energy costs "necessarily skyrocket" due to global warming and other useless energy policies. His NLRB is also attempting to make it easier for workers to unionize, which would increase costs. Additionally, he's still attempting to increase taxes on those making over $250K, many of which are the small business owners.

Honestly now, if you were faced with possible increases to medical, energy, salary, and tax costs, would you hire more workers?

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June 25th, 2011, 1:02 am
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Post Re: U.S., IEA to Release Oil from Reserves
Or just look at GM... The treasury forced them to cut all non-union workers pension to show a profit. This administration is identical to the problem in Wall Street. Supporters and stockholders are more important than employees and taxpayers.


June 25th, 2011, 1:14 am
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Post Re: U.S., IEA to Release Oil from Reserves
But if you really want to decrease energy costs, we need to drill here. Unfortunately, Obama is owned by the environmentalists, so it's not going to happen until that useless F U C K is kicked out of office.

The funniest thing is that the environmentalists try to shut our production down when it has some of the highest safety standards in the world. They would prefer that we import it from Saudi Arabia, Iran, Russia, and Argentina where the environmental safety practices are almost non-existent. Kinda ironic, huh?

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June 25th, 2011, 1:18 am
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Post Re: U.S., IEA to Release Oil from Reserves
njroar wrote:
Or just look at GM... The treasury forced them to cut all non-union workers pension to show a profit. This administration is identical to the problem in Wall Street. Supporters and stockholders are more important than employees and taxpayers.

Don't even get me started on that one. Obama took over GM to help his union friends and screw the salaried employees and bondholders. He knew that bankruptsy would have the opposite result. He was just helping his friends like he is now.

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June 25th, 2011, 1:31 am
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Post Re: U.S., IEA to Release Oil from Reserves
The uncertainty argument is interesting, and makes sense to some extent, but I don't think its a primary cause for the economic malaise.

I've know many entrepreneurs and small business owners, had some in my family; worked for others.

The one thing they always had in common was this unshaken certainty about their current business. Which is why most of them have gone bankrupt multiple times.

A business will hire a worker when they can make more money from the workers activity than the worker earns in wages. Adding additional taxes and regulations obviously decreases employment, because it effectively raises the wages of the worker. However, I don't think anyone sits up at night thinking, "I can't expand because my taxes might increase next year!" Entrepreneurs deal with uncertainty all the time--nothing in the market is ever certain.

The economy of the last decade was built on building houses and having consumers spend borrowed money derived largely from those homes.

That's a faulty and unsustainable economic premise. When things finally came to a head in 08 and the market began to collapse, it was a signal that the market needed to shift into another direction.

But, rather than allow things to work themselves out, the government and Fed intervened with massive stimulus to prevent the collapse from fully playing out. This minimized the damage, but has created 3 years of this economic sluggishness.

Same thing happened in the great depression, which is why it persisted for 15 years.


June 25th, 2011, 2:33 pm
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Post Re: U.S., IEA to Release Oil from Reserves
Oh I agree. Most people don't realize that the supreme court overturned 90% of FDR's New Deal. He extended the Depression yet liberals believe he saved us from it. They forget the worst depression in 1919, that was actually fixed immediately because of the 50% cut in taxes and spending. They always tend to forget that one because it proves that other methods besides theirs actually work.

The housing market is a big reason for the malaise, but we had the dot com bubble pop right before the housing bubble started. People ignored it largely because 9/11 distracted them, but the environment isn't there for growth right now. No amount of spending is going to create growth. They need to create an environment that promotes true growth, not just market gains. The problem is that democrats want more control, and so having the growth not under government-controlled means works against their interest. When the economy runs off the free market, its good for all, but bad for their beliefs. They want the economy to be theirs to control, but its impossible. Spending is the only thing the government is capable of doing.


June 25th, 2011, 4:09 pm
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Post Re: U.S., IEA to Release Oil from Reserves
slybri19 wrote:
Blueskies, aughsum was just confused again, as always. Reading comprehension isn't his strongest attribute. Hilarity usually is though. :lol:

I heard some of Bernake's comments and laughed. The primary reason why the economy isn't improving is uncertainty. It isn't so much the tax rates, as the bureaucratic regulatory over-reach of the Obama Administration. Businesses don't know what crappy government oversight they will have to deal with next, so why invest?

It's so simple to anyone who has worked in the real world, but the academics and ideologues of this administration don't have a clue. On paper, their socialist worldview seems like perfection, but reality doesn't agree.


Speaking of reading comprehension problems, It was obviously sarcasm.


June 26th, 2011, 4:35 pm
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Post Re: U.S., IEA to Release Oil from Reserves
Sure it was. :lol:

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June 27th, 2011, 7:24 am
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Post Re: U.S., IEA to Release Oil from Reserves
slybri19 wrote:
Sure it was. :lol:


Yep youre totally right, I'm completely ignorant to the demographics of my own country.


June 27th, 2011, 10:28 am
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Post Re: U.S., IEA to Release Oil from Reserves
You can't claim sarcasm every time you're wrong. And the context you used it wasn't sarcasm at all.


June 27th, 2011, 10:31 am
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Post Re: U.S., IEA to Release Oil from Reserves
njroar wrote:
You can't claim sarcasm every time you're wrong. And the context you used it wasn't sarcasm at all.


You can't interpet every emotionless Internet content as serious, especially when they're as massively delusional as "Obama won because he got the black vote."


June 27th, 2011, 10:38 am
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Player of the Year - Defense

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Post Re: U.S., IEA to Release Oil from Reserves
Says the person who wanted a thread deleted because he opened up too much.... Why so serious?


June 27th, 2011, 10:41 am
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