Can the Govt really fix the economy?

Re: Can the Govt really fix the economy?

PostBy: stockingfull On: Fri Mar 13, 2009 10:51 am

jpete wrote:So borrowing from China is a good idea? I had no idea. I would have thought allowing me to keep my money and paying down my own debt would be better. Using stimulus money borrowed from China which I use to pay down my debt only succeeds in me shifting my debt to you. Thanks Stocking!! :)

If the economy's chugging along at a healthy rate, that's a debate worth having. That is, it was a debate worth having during the past 15-20 years that we've been borrowing from China.

But reducing spending is exactly what you don't want to do in a downsliding economy. SPENDING is what's needed, and the best way to guarantee that money will be spent is for the gov't to spend it.

After all, Jeff, you've just said you didn't spend your stimulus last year and wouldn't spend any you got this year. If you earn it as wages, obviously you can do what you want with it. But the banks have gotten plenty of our money directly to pay off bad debt, it doesn't help the economy for us to add to that by paying our indebtedness down right now.
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Re: Can the Govt really fix the economy?

PostBy: jpete On: Fri Mar 13, 2009 11:11 am

You act like we aren't borrowing money from the Chinese anymore. Every two weeks, the Treasury auctions off $30 to $40 billion in short term notes. Who do you think buys them and do you realize we have to pay them back with interest? Government spending might be helpful if we had the money. But when you find youself unable to pay your bills and up to your eye balls in debt, it's not all that smart to run down to the local "fast cash" store and take a loan to get you through to the next paycheck.
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Re: Can the Govt really fix the economy?

PostBy: stockingfull On: Fri Mar 13, 2009 11:13 am

I didn't mean to imply that we were no longer borrowing.

I meant to suggest that borrowing in order to spend to keep the economy going is our last and only choice, short of packing it in and sliding into the economic deep-freeze of the next worldwide Depression.
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Re: Can the Govt really fix the economy?

PostBy: jpete On: Fri Mar 13, 2009 11:23 am

I'm sorry Stocking, I just can't agree. I think your way is a guarantee of the Depression you are trying to avoid. Even if BHO succeeds in getting the avalanche to slide to a stop, we are in no position to generate the money to pay the loans back. The tax rate will skyrocket, the interest rates will skyrocket. We are going to wish for the good ol' days of the Carter administration and the world will forget all about Japan's "Lost Decade" becauseAmerica's "Lost Generation" will blow it out of the water. If there is an America left afterward.
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Re: Can the Govt really fix the economy?

PostBy: coaledsweat On: Fri Mar 13, 2009 12:47 pm

jpete wrote:I'm sorry Stocking, I just can't agree. I think your way is a guarantee of the Depression you are trying to avoid. Even if BHO succeeds in getting the avalanche to slide to a stop, we are in no position to generate the money to pay the loans back.


Well so far the one thing he has stimulated is gun sales. I have to agree that the borrowing is not the only solution. Everyone loves to point to the Great Depression for solutions. That was a decade long agony for the country and set us on the course we just now shifted into overdrive. Instead of that model, go back ten years to 1920. The economy tanked worse than the depression and Harding, whether a genius or idiot did nothing. No serious pain, huge rebound and no bills to pay. The politicians created this mess, to think they will get us out of it is ludicrous.
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Re: Can the Govt really fix the economy?

PostBy: SuperBeetle On: Fri Mar 13, 2009 1:26 pm

coaledsweat wrote:
Well so far the one thing he has stimulated is gun sales.


Yes, he has done a very good job of that :whistle:
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Re: Can the Govt really fix the economy?

PostBy: samhill On: Fri Mar 13, 2009 1:43 pm

He is a slaker it`s been what around two months already & he hasn`t fixed everything yet. What were the majority of Americans thinking?
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Re: Can the Govt really fix the economy?

PostBy: Richard S. On: Sat Mar 14, 2009 8:41 am

coaledsweat wrote: Everyone loves to point to the Great Depression for solutions.


I've read a few articles some published before this happened that speculated those "solutions" exacerbated the problems and actually lengthened it.
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Re: Can the Govt really fix the economy?

PostBy: BillMarti On: Sat Mar 14, 2009 8:57 am

I was watching the news last night and they said Bo's rating is lower than Bush's at the same time frame of presidency.
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Re: Can the Govt really fix the economy?

PostBy: coaledsweat On: Sat Mar 14, 2009 9:25 am

samhill wrote:He is a slaker it`s been what around two months already & he hasn`t fixed everything yet. What were the majority of Americans thinking?


I wouldn't say that, the price of Smith and Wesson stock doubled in his first fifty days. :)
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Re: Can the Govt really fix the economy?

PostBy: samhill On: Sat Mar 14, 2009 9:34 am

Then it`s a good thing. Looks like we`re gonna need guns & ammo to fight off the mexican drug lords.
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Re: Can the Govt really fix the economy?

PostBy: Ed.A On: Sat Mar 14, 2009 11:49 am

samhill wrote:Then it`s a good thing. Looks like we`re gonna need guns & ammo to fight off the mexican drug lords.


Nope, the DHS is of an different opinion: "My personal opinion is we could tighten up our gun laws," said retired Vice Adm. Roger T. Rufe Jr., director of Homeland Security's Office of Operations Coordination. "We shouldn't be selling assault weapons on the streets."

Now we all know how ludicris this sounds to the average gun owner, but the uninformed beleive you can but "FULLY AUTOMATIC" rifles just like the ones "USED ON THE BATTLE FIELD", Brady talking points, AWB.

So this is how they're gonna fight the Drug Violence flowing over our border, by disarming American Citizens? :?
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Re: Can the Govt really fix the economy?

PostBy: Ed.A On: Sat Mar 14, 2009 11:52 am

samhill wrote:He is a slaker it`s been what around two months already & he hasn`t fixed everything yet. What were the majority of Americans thinking?



Sam to be honest, I wish the Hell he'd Stop Fixing Things, he's killing us.
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Re: Can the Govt really fix the economy?

PostBy: Poconoeagle On: Sat Mar 14, 2009 11:55 am

● Don't count on it

one of the five negatives. but it has been used since 1946!!!!
http://en.wikipedia.org/wiki/Magic_8-Ball
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Re: Can the Govt really fix the economy?

PostBy: Ed.A On: Sat Mar 14, 2009 12:30 pm

Ceee-Rap!
http://www.cqpolitics.com/wmspage.cfm?docID=news-000003071083
This link is broken, either the page no longer exists or there is some other issue like a typo.


Make it Stop!
Ed.A
 
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