An instructive table
-
I did see where NY is supposed to get a $8 billion tunnel in from NJ....good for them I guess.
Not so good for me or you.
-
Well, I think you're wrong. I don't think 100% of the stimulus was well-spent, or will be well spent, but you don't get to deal in absolutes in politics.
And for every economist that tells you that the stimulus was too big you can find another one, equally qualified, who worried about it being too small.
If Obama doesn't address the long-term budget problems we face once the economy has been stabilized (and you're right - it's still sliding, but I don't know anyone who thought it would have stopped sliding by now) and we begin to grow again I'll be with you. But for now I'm giving him the benefit of the doubt, mostly because we needed stimulus, but also because I don't share any of these paranoid delusions that he's some sort of closet socialist who wants the government to run major corporations forever. These are temporary stabilization measures that he took on because he thought he had to, not because he wanted to.
For people who can't see that, I don't know what to tell them. Maybe they should ask themselves why, if he's such a closet socialist, why he didn't choose to nationalize the banks, even when many economists were suggesting doing just that?
Maybe they should ask themselves why, if he's such a closet socialist, why he didn't choose to nationalize the banks, even when many economists were suggesting doing just that?
An answer & a tie-in to the NWO thread: Because China owns them. I try not to think about that kind of thing. I'll check in with the book of Revelation every once in a while, but once you have kids, it can be a real bummer to think they will have to face that kind of thing. Same goes for the NWO crap.
-
China doesn't own our banks, Leg.
-
Yeah, that was supposed to be a joke. Just trying to point out I don't try and go down the road of believing or disbelieving things like that. Doesn't do any good.
-
A few that dont give Obama much credit for the bright spots in the current economy:
http://economix.blogs.nytimes.com/2009/06/...k-under-mccain/
Summary:
If McCain were president, let's assume that we wouldn't have seen a stimulus package. Would the economy look much different? No.
-
A few that dont give Obama much credit for the bright spots in the current economy:
http://economix.blogs.nytimes.com/2009/06/...k-under-mccain/
Summary:
If McCain were president, let's assume that we wouldn't have seen a stimulus package. Would the economy look much different? No.
A few that dont give Obama much credit for the bright spots in the current economy:
http://economix.blogs.nytimes.com/2009/06/...k-under-mccain/
Summary:
If McCain were president, let's assume that we wouldn't have seen a stimulus package. Would the economy look much different? No.
So does that mean we coulda NOT spent all that money and still be screwed?
Reminds me of the Franklin Ajaye bit about coming in last in a long distance race.
Yu gotta be thinking "Hell I coulda watched TV, drank beer and smoked cigarettes instead of trainiong and still came in last!"
WSS
-
-
McCain probably would have insisted on tax cuts as stimulus, which is a brand of stimulus package.
-
It's budget projections based on current law and certain growth assumptions. They're not 100% accurate and could change dramatically with changes to the budget or changes in how the economy performs. But that's why they're projections.
And they have to change.
-
A lot of that is the aging population eating up more entitlement benefits.
-
@inspecta said:
No shit, it's mind boggling how we went from a surplus to this kind of deficit in 9 years.My American history is a bit fuzzy, when did we become a "superpower"?
Was it with the industrial revolution?
The only reason I ask is that if this truly is the end of us as the big boy on the block we have had a relatively short run compared to other empires throughout history...
It doesn't look good for us, and it seems that our only hope for a comeback is that we develop the next "big thing" from a technical/engineering/science standpoint.
Post-WWII, Spec.
WWII marked the true end of the Industrial Revolution and ushered in the Modern Age.
All the old powers were either decimated/weakened which allowed to megaliths to move in: us and the Soviets.
Then the Cold War, blah blah blah, terrorism, blah blah blah.
Which makes me wonder:
How different would the economic picture be if we HADN'T invaded Iraq?
Anybody ever read "The 2% Solution"? It posited spending 2% of GDP on things like education, Social Security, etc. It suggested spending an "obscene" amount of $250 billion on ourselves to help fix things.
Seems so quaint now...sigh....
-
Well after all the speculation on the economy and the World Largest ever "Stimulus/Pork/Spending bill" I would say that Obama and the Dems have really put the working tax paying class in jeopardy.
What has been the one thing the government has always went back to to stimulate the economy during a recession or depression?
Who are we going to war with next is what the question should be.
-
Man, you're disturbed.
-
I'll alert my Postal Inspector friends in LA and Wilmington.
-
@inspecta said:
Yeah but we're already in the middle of a war right now. It didn't keep us out of this current mess.
Beacause in WW2 we took over the job as world manufacturing headquarters as Europe demolished itself.
We're handing that title to China.
And we lost a lot of workers and shrunk the unemployment lines.
And the drought ended.
But it sure as hell wasn't the new deal.
WSS
-
not only that steve, we are also the only country that has the kahoonas to drop a atom bomb and burn everyone to hell. when we got finished with hiroshima the only thing left was the shadows of where people used to be.
-
@danamal said:
I couldnt agree more and from what Obama ran on,Becoming a leader in new fuels and the tech market are vital for this country to grow
Absolutely correct Dan.
Still that's the road we're on no matter who uses it as a camp[aign tool.
But I have no idealistic beef with Obama (or Pickens) there.
Just keep realistic boys.
Oil is an actual commodity.
Technology can and will be copied and swiped.
Hence the revenue factor is wiped out.
WSS
-
Every acre? In the entire country? Really?
Name one person who wanted that, Dan.
How about, more realistically,
the people who just wanted to drill where there IS oil,
in Alaska?
Or maybe two other places in the entire U.S. ?
Limited or not, it's ignorant to use oil as a political wedge,
when the new technologies, even if they DO exist, are not ready to take oil's place.
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Register Login