Who caused this DEPRESSION Bush or Obama

Re: Who caused this DEPRESSION Bush or Obama

PostBy: gerard On: Sun Feb 21, 2010 3:26 pm

Great post, I hope he wins. At least he seems to understand macro economics better than all the people he was debating AND it takes a lot of courage to take an unwelcome viewpoint.
gerard
 
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Re: Who caused this DEPRESSION Bush or Obama

PostBy: freetown fred On: Sun Feb 21, 2010 5:10 pm

Wow,a man with vision,a realist---won't get elected :o ;) ,a majority of idiots out here "aren't ready for the truth"(jack nicholson)---well,maybe now they are :idea:
freetown fred
 
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Re: Who caused this DEPRESSION Bush or Obama

PostBy: Dann757 On: Sun Feb 21, 2010 5:23 pm

We argue about the left oar, the right oar; when the rudder is gone, the boat is leaking, there's way too many people in the water that want to get on board, the outboard was sold, and the boat is headed for the waterfalls...
Dann757
 


Re: Who caused this DEPRESSION Bush or Obama

PostBy: freetown fred On: Sun Feb 21, 2010 5:46 pm

LIFEJACKETS ;)
Dann757 wrote:We argue about the left oar, the right oar; when the rudder is gone, the boat is leaking, there's way too many people in the water that want to get on board, the outboard was sold, and the boat is headed for the waterfalls...
freetown fred
 
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Re: Who caused this DEPRESSION Bush or Obama

PostBy: RAYJAY On: Sun Feb 21, 2010 7:26 pm

freetown fred wrote:Jeff,I'm trying to stay in this--what the hell is keynesianism????Remember,I just farm out here :)





http://en.wikipedia.org/wiki/Keynesian_economics
RAYJAY
 
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Re: Who caused this DEPRESSION Bush or Obama

PostBy: Black_And_Blue On: Sun Feb 21, 2010 8:40 pm

Kenyan Economics ;)
Black_And_Blue
 
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Re: Who caused this DEPRESSION Bush or Obama

PostBy: samhill On: Sun Feb 21, 2010 8:50 pm

Fred if you look up a bit of Reaganomics it followed keynesian economics where basically it believes that deficits are stimulating for the economy & really don`t matter because we can grow out of them. Only fault is we no longer produce anything & the economy is flat but it was a fun ride while it lasted.
samhill
 
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Re: Who caused this DEPRESSION Bush or Obama

PostBy: VigIIPeaBurner On: Sun Feb 21, 2010 8:53 pm

Black_And_Blue wrote:Kenyan Economics ;)


But battled with the Austrian Hyeck's theories. Maybe it old school but ... I don't know for sure!

I hate to say this, but it Raps it up. :shock: Battle of the economic theories for the hip geek set.
What can I say, I was having a discussion with my son and he brings this one up...

VigIIPeaBurner
 
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Re: Who caused this DEPRESSION Bush or Obama

PostBy: jpete On: Sun Feb 21, 2010 10:22 pm

You son sounds like my kind of guy. :D

I posted this video on my Facebook page a few weeks ago. ;)
jpete
 
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Re: Who caused this DEPRESSION Bush or Obama

PostBy: KLook On: Sun Feb 21, 2010 11:03 pm

hate rap, found that very entertaining. Watched it twice in fact.

Kevin
KLook
 
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Re: Who caused this DEPRESSION Bush or Obama

PostBy: truckrp97 On: Mon Feb 22, 2010 12:34 am

I took a look at some archived charts and it turns out that when oil prices went on its upward tear to $140. the market indexes soon or even slightly ahead of the oil price rise went south. coincidence? maybe, but i think the price of oil had a lot to do with our market collapse. so we can blame that on the fed goverment for not going after our own ample supply of oil and gas reseves. yes/no?
truckrp97
 
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Re: Who caused this DEPRESSION Bush or Obama

PostBy: smokeyCityTeacher On: Mon Feb 22, 2010 1:14 am

1998 Clinton deregulates the banking industry
Chris Dodd and Barney Frank are the majority oversight comittee on banking
They wrote the language awarding the big bonuses


This depression caused by Clinton + Dodd + Frank
smokeyCityTeacher
 
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Re: Who caused this DEPRESSION Bush or Obama

PostBy: Poconoeagle On: Mon Feb 22, 2010 11:20 am

Black_And_Blue wrote:Kenyan Economics ;)



its not bush'e fault?? :lol:
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Re: Who caused this DEPRESSION Bush or Obama

PostBy: gerard On: Mon Feb 22, 2010 8:42 pm

samhill wrote:Fred if you look up a bit of Reaganomics it followed keynesian economics where basically it believes that deficits are stimulating for the economy & really don`t matter because we can grow out of them. Only fault is we no longer produce anything & the economy is flat but it was a fun ride while it lasted.


Deficits in themselves are not bad. It's the size of the deficit in relation to income that's the problem. Many people starting out have a negative net worth ie owe more than they have in assetts assuming a house and mortgage. If they have sufficient income that's not a problem. If their income goes down too much or they increase their expenses too much, they have a problem. Right now the governments income has declined due to the recession and instead of tightening their belt, they are increasing spending. A double whammy and it WILL come back to bite us in the ass.

The basic premise of "reaganomics" was that even though you decrease taxes, income to the government will increase because by lowering taxes, the economy is spurred, everyone makes more money and the taxes PAID are still greater than the taxes lost by cutting tax rates. It works, it makes sense, and it's what was responsible for the growth in the US during the industrial age (before income taxes, real estate taxes, and the host of all the rest of the hidden taxes we don't even see.)
gerard
 
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Re: Who caused this DEPRESSION Bush or Obama

PostBy: jpete On: Mon Feb 22, 2010 8:48 pm

Reaganomics works as long as you don't increase spending more than the rate you take in from increased taxes.

If everyone taxes the tax cut and pays down debt or sticks it under their mattress, and the government increases spending anyway, we're screwed again.
jpete
 
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