Putting citizens money (yes it has to come from your taxes and also creation of currency -> inflation -> bite you in the arse) into failing businesses is not going help the economy. If businesses are doing crap and being unproductive they should be allowed to fail, so that productive businesses to take its place.
Is anyone else godamned tired of this country?
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Putting citizens money (yes it has to come from your taxes and also creation of currency -> inflation -> bite you in the arse) into failing businesses is not going help the economy. If businesses are doing crap and being unproductive they should be allowed to fail, so that productive businesses to take its place.
Here's a book recommendation for you --> [ame="http://www.amazon.com/Unintended-Consequences-John-Ross/dp/1888118040"]Unintended Consequences[/ame] Unintended Consequences by John Ross
also can be found @ #bookz on undernet
And no one has mentioned that the machine behind the politics makes all of this ranting laughable and stupid to those running the machine.
Obama? Bush? random_politician_01?
There's no difference. The problem is systemic.
Nations are irrelevant and soon to die. Nationalism is useless and flag waving, immigrant bashing, currency hording etc. are just signs that you've bought the marketing.
"die for my country": why? It's luck you were born here and you have no right to claim some piece of land as "yours" or "ours".
"immigrant": um... have you ever thought about how stupid it is to create "borders" that keep out other humans? I mean seriously. If I can walk there, why can't I live there?
Never mind. Not one person in a thousand has ever actually thought about the bullshit they spout as "fact" or even opinion.
You may quote me if you like: opinions are like assholes. You shouldn't show them to people who haven't asked for them, and you should never trust someone who asks to see yours.
Oh, and fuck you if you don't like my opinion. This is a forum chock full of assholes showing their assholes.
/hug politics
Obama? Bush? random_politician_01?
There's no difference. The problem is systemic.
Nations are irrelevant and soon to die. Nationalism is useless and flag waving, immigrant bashing, currency hording etc. are just signs that you've bought the marketing.
"die for my country": why? It's luck you were born here and you have no right to claim some piece of land as "yours" or "ours".
"immigrant": um... have you ever thought about how stupid it is to create "borders" that keep out other humans? I mean seriously. If I can walk there, why can't I live there?
Never mind. Not one person in a thousand has ever actually thought about the bullshit they spout as "fact" or even opinion.
You may quote me if you like: opinions are like assholes. You shouldn't show them to people who haven't asked for them, and you should never trust someone who asks to see yours.
Oh, and fuck you if you don't like my opinion. This is a forum chock full of assholes showing their assholes.
/hug politics
HarveyJ
He is - THE CACTUS!
It's kind of disappointing that no networks are paying out in Renmibi (China's currency).
Now there's a government that is literally wasting money to prevent their currency value from going up and thus no longer being competitive.
I forget where I read it (it was in a magazine, made with that dead tree stuff), but some economist was saying that if the American economy fails, China's is actually going to go through the roof as there's nothing to keep a lid on the currency value, and there's only so many infrastructure projects the government can make up (like giant dams, national road networks, maglevs for the cities, etc). Especially now that their middle class is almost the size of America's official population.
I'll try to find the article online.
Now there's a government that is literally wasting money to prevent their currency value from going up and thus no longer being competitive.
I forget where I read it (it was in a magazine, made with that dead tree stuff), but some economist was saying that if the American economy fails, China's is actually going to go through the roof as there's nothing to keep a lid on the currency value, and there's only so many infrastructure projects the government can make up (like giant dams, national road networks, maglevs for the cities, etc). Especially now that their middle class is almost the size of America's official population.
I'll try to find the article online.
Under normal conditions in a capitalistic economy you are correct. However, we are not going through a mild recession where we can let the invisible hand of capitalism correct the markets. In fact, we are on the precipice of falling into another depression. Furthermore, we tried the free market principles by letting Lehmans, Bear Stearns, Wachovia, and whole host of companies go under.
The mistake the Bush administration and Paulson made as a parting gift to the US, was handing out the TARP loot (700+billiion dollars) to all of the scumbags on wall street with no over sight, which they promptly grabbed and spent on jets, coke, and hookers. This is why Obama's stimulus plan was met with opposition. That said, Obama's plan has over sight and trasparancy that is unprecedented. Naturally it's not perfect, but all economist left or right agree that the only way out is stimulate the economy through direct capital injections to unlock the credit markets. In addition, a lot of the stimulus loot goes into infrastructure for the US, which ought to create and save jobs.
You know what, I agree with your underlying thesis, despite it's cynicism, which I understand since governments in general are in the end are going to lie and distort the facts to their citizens. However, your nihilism really applies to all things that pretend to give life meaning including political philosophies and world religions. Fuck it, in the end I'm a decadent bon vivant looking to make some internet monies to support my debauchery.
If that's how you thought in high school then you've regressed back to pre-school...
Yeah, when reason and intelligence is employed.
This whole, OMGZ TEH WORLDS ARE ENDING SPENT THEM MONIES NOW OBAMA!
is ridiculous.
The problems are debt and spending, more debt and spending will not fix it.
Do you even know what caused the great depression? Here is a hint. Government intervention by Hoover, the original architect of the New Deal.
Yeah, remember how Obama went to Washington during his campaign and asked everyone to vote for the TARP? Do you remember his speeches on the Senate floor for the TARP?
And it was $9 trillion according to Bloomberg.
Guess who Obama made his Secretary of the Treasury?
Tim Geithner, former Chairman of the NY FED, and......
THE AUTHOR OF THE TARP PROGRAM!
Yeah, you gotta give Obama credit. He gives the dirtbags more power, and his radical new plan, is borrowing directly from the playbooks of Hoover and FDR, two Presidents that prolonged the Great Depression by 15 years!
First of all the New Deal is associated with FDR and not Hoover.
FDR inherited the collapse from Hoover, and is credited for saving the US by reinvesting in the country via keynesian policies. Not too mention that FDR is in the top for best presidents in US history, and Bush is competing for all time worst president in US history,which he will win by head and shoulders.
In regard to TARP, the govt(GOP) was pressured by Paulson (Bush's boy)into giving the money since IAG and the rest of the of the wall street scum bags were collapsing due to their greed supported by the GOP by not regulating them. It was the GOP that gave them the loot without oversight and transparency.
Obama was correct in principle but had no control of how the bill itself was written, so back up with that nonsense.
Jim Rogers: I expect to see civil unrest in the U.S (25.02.09)
[ame=http://www.youtube.com/watch?v=LBRHmZiAEcs]YouTube - Jim Rogers: I expect to see civil unrest in the U.S (25.02.09)[/ame]
I think you Americans will kill one another. LOL
[ame=http://www.youtube.com/watch?v=LBRHmZiAEcs]YouTube - Jim Rogers: I expect to see civil unrest in the U.S (25.02.09)[/ame]
I think you Americans will kill one another. LOL
Hey piratedude, I suggest you start backing the shit you speak up with some documentation and supporting sources. Guerilla will eat you for lunch.
Oh yeah, if your cigarboy Clinton didn't force banks to lend to ghetto douchebags and their big assed hoes, none of us would be having this conversation.
Oh yeah, if your cigarboy Clinton didn't force banks to lend to ghetto douchebags and their big assed hoes, none of us would be having this conversation.
Number 1 you and the ape can suck each other's cocks. It's obvious you're both ignorant scumbags. It's not my job to educate you, go read a fucking book.
PS. Clinton the pimp gave Bush the fucking retard a surplus then he and his fellow retards bankrupted the country....idiot.
Associated by who? People who don't know history?
Keynesianism has been debunked. You cannot spend yourself out of debt. Seriously, people running around now talking about Keynesian policies might as well be screaming,
THE EARTH IS FLAT!
And FDR is only credited again by people who do not know history.
FDR was a fascist. He cartelized industry, he seized all of the private gold holdings of the citizenry, and created massive unconstitutional institutions, and after the Courts stopped him, he put his own judges in power.
Bush was an idiot but that is irrelevant to the facts about FDR, Obama or anyone else.
What nonsense? Obama made a huge deal out of appealing to everyone to support TARP, and made the TARP architect his Secretary of Treasury. Those are the plain as day facts.
No one is letting Bush off the hook, but Obama was complicit in the Senate every step of the way, including unbalanced budgets, bailouts, supporting war, wire-tapping immunity etc. He has a record no one wants to talk about. He's owned by Wall Street as evidenced by who works with him, who he has appointed, and how much money they gave him during his campaign, after he broke his promise to take public finance.
Congratulations. Just 10 posts into your tenure at WF, you have already proven that you shouldn't eat so much candy before mommy gives you access to her internets. Now it's time for bed, good night little one, this is a school night.
Dude, your revisionist history is beyond distorted. But, you can use the non sequitur arguments that "those who know history" really know that FDR was a fascist, and that Keynesian policies are debunked and did not contribute to getting the country out of a depression if you like, but that will not change history. Your history sounds like a page straight out of a conspiracy theory ideas and secret governments. If that's the case then we're all just wasting our breath.
I notice that you do not mention how Paulson was one of the main catalyst in pushing the TARP program...Bush's Treasury guy.
No one said Obama will be perfect. I don't like somethings he plans on doing. But there is no denying that he has a keen intellect and innovative ideas. For his first month in office I think he's doing exceptionally well considering the political climate.
Let's see where we're at at year 1 or 2 before we judge a guy who's been in office one month.
PS. I think Geithner is a dick too, but we have Summers baby sitting him.
It's the liberal academics who have distorted history. You're just regurgitating what you've read from textbooks.
Oh boo hoo I'm so sorry, let me rush into another thread and talk about selling ebooks untill I have over a thousand comments so I can impress you....nigga please.
By the way I dig your avatar...lol.
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