"The President uses fear to sell his $787 billion stimulus package."
Actually, you don't. Human action proves that typically people borrow to keep up with the Jones's. A 10 year-old car gets us around just as well as a new one, etc. Many people today can't separate the needs from wants.
Like Peter Schiff has said, people borrow money to pay for big screen TV's, cars they don't need, and houses they can't afford. All of that was possible because of America's reserve currency status and the increase of money available by the Fed.
Like Peter Schiff has said, people borrow money to pay for big screen TV's, cars they don't need, and houses they can't afford. All of that was possible because of America's reserve currency status and the increase of money available by the Fed.
All it proves is that human nature will never change and that America is more materialistic than ever. Capitalism, socialism, communism makes no difference.
America has not been a capitalist nation since the advent of the Fed in 1914. Look it up.
http://solohq.org/Articles/Machan/It...,_Stupid.shtml
Last edited by Frank S; Dec 20, 2009 at 07:30 PM. Reason: It's Not Capitalism, Stupid.
Actually, the goal of the first stimulus package under Bush was to avert the complete collapse of our economy (potentially much worse than the Great Depression). The second stimulus package built upon the first but much of the spending hasn't even happened yet. It is a long-term plan to get the economy growing in a sustainable manner. The bulk of the effect of the second stimulus package won't be felt for another two years or so. It is even possible that we will have a double-dip recession.
But you don't want to know what it would look like without Government intervention.
You have been listening to too many right-wing fringe types who do nothing but attack Obama. He could say he's cutting everyones taxes 20% and reducing Federal spending 30% and they would complain about that too. Of course in that case they would have a right to complain. The last thing the Feds should do in a tenuous economic situation is slash spending.
But you don't want to know what it would look like without Government intervention.

You have been listening to too many right-wing fringe types who do nothing but attack Obama. He could say he's cutting everyones taxes 20% and reducing Federal spending 30% and they would complain about that too. Of course in that case they would have a right to complain. The last thing the Feds should do in a tenuous economic situation is slash spending.
The first stimulus package, under Bush, was to get people spending. Don't you remember how the government sent us checks for three hundred or six hundred dollars?
It was TARP that was supposedly to save us from collapse. TARP wasn't stimulus, it was a troubled asset relief program. Not stimulus.
Unless you can provide a source to clarify, I don't believe that the second stimulus was built off the first or off of TARP. It was designed to create jobs by funding "shovel ready" infrastructure jobs, as well as spurr growth in the private sector. Dont' you remember the rhetoric coming from the Obama administration? Don't you remember that if the stimulus package wasn't passed unemployment could hit 8%? Unless you can provide a source to calrify, I believe that the stimulus package was supposed to "save" or create a million jobs in the first year. They tried to tell us that they had, but it was revealed that they used bogus numbers. We know that there will be more money spent come the mid term elections to insure that Obama can keep this progressive agenda freight train barreling ahead. Deficite be damned.
You tell me and others that we should be looking somewhere other than where we're looking for information. I've got to tell you, it really seems that you might be getting all of your information directly from Obamaemails. You sound like a mouth piece for this administration. Not to mention, you haven't cited a source for any of the information that you've posted. I guess that we're just supposed to take your word for it? You criticize me because what I listen to and watch,while ignoring links to information in big name news papers about subjects that you think the administration can just sweep under the rug.
Are you Obama himself? Mabey Emanuel? I've got to wonder because the way you defend this administration, without offering any evidence to dispute claims that are being made with evidence, is really astounding.
You're statements counter what this country was founded upon. You advocate ideals like thoes of dictators in third world countries. You sound very much like the talking heads in this administration. There are others here who disagree with you, who may not be as articulate or nuanced as you might think you are, that bring reason and common sense.
Last edited by wittom; Dec 20, 2009 at 10:54 PM.
Then why are European nations materialistic, not to mention Lenin, Stalin, Hitler, etc? This is going to be interesting.
Not communism or even social materialism. They still buy items they want.
Don't you love it when pro government people vote in more government power...
The reason for every single recession and depression america has had in all our history has been due to the fact that government intervened.
"Hey, we are in trouble, we need to vote away more freedom to fix what is happening!"
The reason for every single recession and depression america has had in all our history has been due to the fact that government intervened.
"Hey, we are in trouble, we need to vote away more freedom to fix what is happening!"
I'll agree to that. We've had irresponsible fiscal policy in every exec administration and congress since Eisenhower (correct me if wrong) w/1 exception. Exception: Clinton/Republican congress for a few years.
The 1990's was a boom time in when it came to production and technology which helped greatly as well.
It was TARP that was supposedly to save us from collapse. TARP wasn't stimulus, it was a troubled asset relief program. Not stimulus.
But the stimulus bills do increase the effectiveness of TARP. Most of the troubled assets were esoteric mortgage backed securities and the stimulus packages were designed to reduce mortgage default as it stimulates the economy. This takes time and the fact that the unemployment rate went higher is not because the stimulus won't help, it's more a function just how bad the economy was.
The main problem with the first stimulus bill is not that it wasted government funds nor that it mis-allocated them to a large degree but that it was not not nearly large enough. Hence the second stimulus package.
Are you Obama himself? Mabey Emanuel? I've got to wonder because the way you defend this administration, without offering any evidence to dispute claims that are being made with evidence, is really astounding.
You're statements counter what this country was founded upon. You advocate ideals like thoes of dictators in third world countries.









There are others here who disagree with you, who may not be as articulate or nuanced as you might think you are, that bring reason and common sense.
Don't you love it when pro government people vote in more government power...
The reason for every single recession and depression america has had in all our history has been due to the fact that government intervened.
"Hey, we are in trouble, we need to vote away more freedom to fix what is happening!"
The reason for every single recession and depression america has had in all our history has been due to the fact that government intervened.
"Hey, we are in trouble, we need to vote away more freedom to fix what is happening!"

They were 'actual' communists. Whenever you want communism and/or socialism. The people can not decide what is fair and what is not, so in order to do so they have to appoint someone with more power to make the call and in all cases it is the government. Once this is done, then the whole 'fairness' thing didn't really work out because now government overlooks the people.
In order to have communism/socialism you have to have a dictatorship or oligarchy. The 2 must be together in order to do so, no if's and's or but's about it.
This is why I will take total free market capitalism/freedom 100% of the time.



