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Say what you want about Obama and his "rubber stamp gang" but at least they are doing something. I'm still waiting for somebody, ANYBODY to come up with an alternative strategy to what Obama and Congress are doing right now. Personally, I don't have any ideas...
Its easy to commentate from the sidelines. Little harder to come up with workable solutions...
The solution is to let the market work, let companys that are failing FAIL.
This prolonged torturous bleed out, coupled with an overdose of Morphine will kill the patient.
I don't really disagree with any of the ideas, but total overhaul right now (IF you could implement it) would cause more confusion and chaos and might actually bring the whole house down. You need to shore up the foundation before rebuilding the house, so to speak.
As to #2) giving $ back to taxpayers hasn't be effective in stimulating the economy, at least at the scale that has been done to date. I would guess that 10K per household wouldn't do squat-people would pay off debt. Maybe 40K would do it, who knows.
Overdoses will bring about hyperinflation. The market has worked for hundreds of years, let it work.
Fearing people into Socialism, Nationalism, and eventually a Military State the likes of a bad Tom Cruise movie is not the solution.
Obama is drunk with power, and turning this country into a weak, enabled nanny state.
Which is opposite of the leading Intellectual, creative, hard working America i was born and raised in.
To Hell with Obama and his rubber stamp neutered congress!
i agree and to hell with the 9,0000 earmarks of congress. those earmarks are not even intended to provide jobs for those willing to work, which should have been the sole focus of any spending package. all of this trouble and we have not even had our currency crisis yet......
I am getting the $7500 tax credit for being a first time home buyer and I'm putting all of that right on my mortgage.
I'm not sure that's a good idea either. You want to take your money out of the bank, but then you give it right back to them by paying down your mortgage...
Quote:
Originally Posted by freedom
Overdoses will bring about hyperinflation. The market has worked for hundreds of years, let it work.
I'm not sure the tax stimulus would be hyperinflationary considering all the wealth lost. If you look at the chart below, it shows 7 trillion dollars were lost in one year (and that only includes household wealth). So -7 + 1 = -6. That's still deflationary.
The market has not worked for hundreds of years. Notice the ups and downs we keep living through the past decade? It sux. I'm sure there is a better way and a better system that is less of an emotional roller coaster.
Too late. It's there. It has continued to fail the American people, it fails in it's foreign policy to buy favors and leverage resources. It fails by taking our freedoms. It fails by being ineffecient and power hungry.
It fails by dividing and coquering through a two party dominantly supported system.
If we think that any of this stimulous power grab is going to do anything but hurt us in the short and long term than we deserve everything we get.
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