Thanks for illustrating beyond any reasonable doubt that you know as much about the economy as you do about guns...Excellent chance the Dow would be at 2000 today, having recovered from its December low. If you don't understand the need for stimulus, just sit quietly and let the smart people fix things for you.
Excellent chance the Dow would be at 2000 today, having recovered from its December low. If you don't understand the need for stimulus, just sit quietly and let the smart people fix things for you.
Excellent chance the Dow would be at 2000 today, having recovered from its December low. If you don't understand the need for stimulus, just sit quietly and let the smart people fix things for you.
It's exactly like that. But he's only talking to the ones who don't pay attention.
He's cornering himself. 2010 can't get here fast enough, and I hope Americans wake up like they did in 1994.
I'd still like to know why the country had to have that 700 billion in such a hurry?
The obvious problem here is that FAR too many people think the government needs to do anything to 'fix' the econony -- as the economy will, inevitably, will do that itself.
Sure it can. If the government stepped away right now and did nothing, it would self-correct. It would be messy and it woudl take a while, but it would correct. it might even mean the collapse of the US monetary system -- but, eventually, it would self-correct.Unfortunately I've learned some things in the past few weeks that prove that the government has to spend in order for the economy not to crash.
That is because our money is debt based and of course government created this problem so they could solve it.
Our current economy can't self correct.
^^You're libertarian?
Sure it can. If the government stepped away right now and did nothing, it would self-correct. It would be messy and it woudl take a while, but it would correct. it might even mean the collapse of the US monetary system -- but, eventually, it would self-correct.
Although I think we would of been better off if they had just cut everyone a check for $10,000.
How do you figure?
^^But not distributing money at all would have been even better.
We wish, since our money is created on debt it can't all be repaid.
During recessions people are more fervent in repaying debt, it starts to approach the point where their is still debt to repay but not enough money to pay it back with, then you have economic cluster ****.
You know that more money is owed, than is in existence right?
Default sounds like a better option to me than inflation. Inflation affects everyone, default affects those people who made bad loans and the people who took out the bad loans. You could argue that this would freeze up capital, but why shouldn't it be hard to get? This way only those most trustworthy would get the capital and we invest in those strongest areas of the economy.
Starting over would suck.Default sounds like a better option to me than inflation.
Then what exactly are you arguing for? It's already not supportable.
Obama keeps saying that the American people will get paid back. I may be stupid, but I am not going to believe that crap. We paid our taxes with good money. Does anyone think we will ever get that money back?
Although I think we would of been better off if they had just cut everyone a check for $10,000.
You know that more money is owed, than is in existence right?
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