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The Water Cooler
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In all honesty this breaks my heart ...
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<blockquote data-quote="boomerzz" data-source="post: 1293462" data-attributes="member: 3113"><p>Bailout (for banks) is one thing, stimulus is another.</p><p></p><p>The bailout is an intervention to assist in solving a problem that was created by an intervention.</p><p></p><p>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!</p><p></p><p></p><p>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.</p><p></p><p>Government jobs don't create any tax revenue or good. They are a net loss, they will always be a net loss. Forever.</p><p></p><p>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).</p><p></p><p>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.</p></blockquote><p></p>
[QUOTE="boomerzz, post: 1293462, member: 3113"] 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. [/QUOTE]
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