You have it buddy! Post it far and wide!
You have it buddy! Post it far and wide!
Thank you Sir.
Well, you are the one who suggested I was ignorant on the matter, figured you must be an expert if you know enough to tell me I don't have a clue?? Now, you say you don't have an explanation, so, how do you know I'm wrong if you don't have the answer??
It's your contention that "initial bailout was very much needed to prevent a total collapse" that I call into question. I haven't seen any proof that there would have been a total collapse without the bailout?? I have heard some say that, but I have heard just the opposite from others.
I'm not sure that the nature of economic is as technical as some want us to believe. I believe much of it is like lawyer talk, purposely obtuse to confuse the masses and insure the need for their services!
I concur. Economics is quite simple really.
never have I claimed to be an expert... but your comments including below clearly demonstrates where you stand on technical economic issues.
by the way... in no way shape or form is being ignorant of technical economic issues considered a negative. if it was... most of the general US population would fall into that group.
the only thing I claim is to know enough to realize what I don't know.
by the way... in no way shape or form is being ignorant of technical economic issues considered a negative. if it was... most of the general US population would fall into that group.
the only thing I claim is to know enough to realize what I don't know.
Well, you are the one who suggested I was ignorant on the matter, figured you must be an expert if you know enough to tell me I don't have a clue?? Now, you say you don't have an explanation, so, how do you know I'm wrong if you don't have the answer??
It's your contention that "initial bailout was very much needed to prevent a total collapse" that I call into question. I haven't seen any proof that there would have been a total collapse without the bailout?? I have heard some say that, but I have heard just the opposite from others.
I'm not sure that the nature of economic is as technical as some want us to believe. I believe much of it is like lawyer talk, purposely obtuse to confuse the masses and insure the need for their services!
You are correct,sir! We are in a bad place at a bad time, when the ballot box may no longer be effective and other "box " options may have to be looked at...
vocational training = jobs created!
well, at least for the people who teach said training.
Larry Summers is heading back to Harvard, Roemers quit a little while back and the buzz is that many other high level advisors will bail at the mid-term point.
Obamanomics has been a failure. I can't see policy salvaging the situation
Obamanomics has been a failure. I can't see policy salvaging the situation
With my extensive experience as a 64 year old, I must protest this theory. I contend that the stimulus ended with the hooker.
Bailout (for banks) is one thing, stimulus is another.
The bailout is an intervention to assist in solving a problem that was created by an intervention.
The bailout was definitely needed, but the blame is placed incorrectly... it's not some rich bank president who was at fault... lol It was the ruleset they were forced to live by, and them making loans without real money (which is the norm). This gives a large and complicated set of equations when it comes to money... it should just be made simple, like it used to be, then was changed, then was changed back, then changed back again in the history of our country. How about state run banks? That way they can fail and can be rated differently? oh... what an idea!
If you want people to spend more money, allow the private sector to create jobs. Anything you do that is not that will not work. Going more into debt to bail out failing companies to "keep jobs" does not work in the long run. Allowing taxes to raise on people who hire others doesn't work... even just scaring them into thinking they will have more bills will cause them not to hire (obamacare). Doing more debt spending does not give these businesses confidence to hire... bailing out their competitors with tax money does not help.
Government jobs don't create any tax revenue or good. They are a net loss, they will always be a net loss. Forever.
You don't have to spend other peoples money to "recover" an economy, you merely have to take less from the right people, and downsize yourself (if you are a government).
Do more research on the first depression, and the 80%+ income tax rate... Read about how they were just taking a bunch of wild ass guesses and it prolonged the depression for so many years. It sounds so familiar.
The bailout is an intervention to assist in solving a problem that was created by an intervention.
The bailout was definitely needed, but the blame is placed incorrectly... it's not some rich bank president who was at fault... lol It was the ruleset they were forced to live by, and them making loans without real money (which is the norm). This gives a large and complicated set of equations when it comes to money... it should just be made simple, like it used to be, then was changed, then was changed back, then changed back again in the history of our country. How about state run banks? That way they can fail and can be rated differently? oh... what an idea!
If you want people to spend more money, allow the private sector to create jobs. Anything you do that is not that will not work. Going more into debt to bail out failing companies to "keep jobs" does not work in the long run. Allowing taxes to raise on people who hire others doesn't work... even just scaring them into thinking they will have more bills will cause them not to hire (obamacare). Doing more debt spending does not give these businesses confidence to hire... bailing out their competitors with tax money does not help.
Government jobs don't create any tax revenue or good. They are a net loss, they will always be a net loss. Forever.
You don't have to spend other peoples money to "recover" an economy, you merely have to take less from the right people, and downsize yourself (if you are a government).
Do more research on the first depression, and the 80%+ income tax rate... Read about how they were just taking a bunch of wild ass guesses and it prolonged the depression for so many years. It sounds so familiar.
Nice post.
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