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Mass. may seek a US loan as credit markets dry up

Discussion in 'Political Discussion' started by weswelker#83, Oct 4, 2008.

  1. weswelker#83

    weswelker#83 In the Starting Line-Up

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    State Treasurer Timothy P. Cahill this week approached the US Treasury and the Federal Reserve Bank of Boston about lending Massachusetts money under the same extraordinary terms the government is giving banks and Wall Street firms during this financial crisis.

    Mass. may seek a US loan as credit markets dry up - The Boston Globe




    Enjoy those paved roads while we still can!
     
  2. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #87 Jersey

    Deval is a liberal so he already has 1 foot in that door.
     
  3. MrBigglesWorth

    MrBigglesWorth Veteran Starter w/Big Long Term Deal

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    what? we have to stay within a budget and can't have any credit?

    no fair!!
     
  4. Michael

    Michael Moderator Staff Member PatsFans.com Supporter

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    #12 Jersey

    As long as Patrick has his Caddy and renovated office. ;). Yeah Republicans are the ones that destroyed America. :rofl:
     
  5. weswelker#83

    weswelker#83 In the Starting Line-Up

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    I don't think you understand the situation , this country runs on credit to pay workers , to let students go to college ,etc,etc.


    I always tought you were smarter than that , buddy. Now , think before telling BS. Think , think.

    It s not A Party problem , it is a country problem.


    It is the economy ,stupid*


    *Famous quote.
     
    Last edited: Oct 5, 2008
  6. Real World

    Real World Moderator Staff Member

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    People still don't understand that the biggest driver of the cost of living, is the government. The bigger the government gets, the more money it needs to operate. When it needs more money, guess who pays the freight?
     
  7. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    To add to your point RW, when the government spends billions on bailouts, it devalues the dollar which also leads to inflation and a higher cost of living.
     
  8. Real World

    Real World Moderator Staff Member

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    Normally I'd agree with you about the dollar, but not under current global conditions. The dollar has actually stregthened considerably against the currencies that matter most, cuz the rest of the world is in worse shape than we are. That's not to say I don't see your point though PR.
     
  9. Real World

    Real World Moderator Staff Member

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    It's funny to look back at posts.

    http://www.patsfans.com/new-england...-mass-casino-news-flash-page6.html#post883986

    The state needs a loan now, but it was 5 or 6 months ago that they were so gitty over some extra "revenue" they collected, that they added $200 million to the already bloated, and defecit ridden, $28 Billion state budget. LOLOLOL...

     
  10. MrBigglesWorth

    MrBigglesWorth Veteran Starter w/Big Long Term Deal

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    so food and material goods have gone up largely because of fuel transportation costs? now has has come down. i'd say inflation has played as much a factor on goods as growing transportation costs.

    thoughts?
     
  11. Real World

    Real World Moderator Staff Member

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    The price of oil has driven inflation more so than any other factor in the last 3+ years.
     
  12. MrBigglesWorth

    MrBigglesWorth Veteran Starter w/Big Long Term Deal

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    ok...one in the same.

    but which came first?

    why did oil go up in price so rapidly. i think it was peter schiffer who was talking aobut the gold standard and if we hadn't come off of it in 1971 the price per barrel of oil would be $3.00(seems a bit low).

    but why did the price of oil skyrocket? because the dollar sunk?

    so which came first inflation or the raise in price of oil?
     

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