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Old 06-08-2009, 07:42 AM
 
Location: Holmdel, NJ
17,397 posts, read 13,636,260 times
Reputation: 9996
Quote:
Originally Posted by FlyersFan View Post
Based upon most of the nonsense you post thats not a hard assumption to make.

By the way, since you seem concerned with proper grammar the names of persons, places or things like countries, Germany, Puerto Rico, etc. should always be capatalized !!!
its funny how you try to discount what i say by simply labeling it "nonsense." its not nonsense, its 100% correct. im still curious which "deep pockets allies" you think bush should have courted that would have saved us billions of dollars in the iraq invasion.

 
Old 06-08-2009, 07:53 AM
 
744 posts, read 846,944 times
Reputation: 177
Quote:
Originally Posted by FlyersFan View Post
Gee.......I don't remember any wars with Canada, England or Cuba just to name a few ?
You have never heard of:

1. War of 1812?
2. War of 1812 again?
3. Spanish-American War of 1898?


Of course the those first two have nothing to do with military bases. That third one does though.
 
Old 06-08-2009, 08:03 AM
 
Location: Home
1,479 posts, read 1,833,712 times
Reputation: 589
Hmmm, lets start with this:

The world economy is tracking or doing worse than during the Great Depression (update) | vox - Research-based policy analysis and commentary from leading economists (A tale of two depressions)

Quote:
Often cited comparisons – which look only at the US – find that today’s crisis is milder than the Great Depression. In this column, two leading economic historians show that the world economy is now plummeting in a Great-Depression-like manner; indeed, world industrial production, trade and stock markets are diving faster now than during 1929-30. Fortunately, the policy response to date is much better.


Maybe some of this:

Quote:
The market mystique didn’t always rule financial policy. America emerged from the Great Depression with a tightly regulated banking system, which made finance a staid, even boring business. Banks attracted depositors by providing convenient branch locations and maybe a free toaster or two; they used the money thus attracted to make loans, and that was that.

And the financial system wasn’t just boring. It was also, by today’s standards, small. Even during the “go-go years,” the bull market of the 1960s, finance and insurance together accounted for less than 4 percent of G.D.P. The relative unimportance of finance was reflected in the list of stocks making up the Dow Jones Industrial Average, which until 1982 contained not a single financial company.

It all sounds primitive by today’s standards. Yet that boring, primitive financial system serviced an economy that doubled living standards over the course of a generation.

After 1980, of course, a very different financial system emerged. In the deregulation-minded Reagan era, old-fashioned banking was increasingly replaced by wheeling and dealing on a grand scale. The new system was much bigger than the old regime: On the eve of the current crisis, finance and insurance accounted for 8 percent of G.D.P., more than twice their share in the 1960s. By early last year, the Dow contained five financial companies — giants like A.I.G., Citigroup and Bank of America.

http://www.nytimes.com/2009/03/27/op...27krugman.html

Subprime mortgages, credit card debts, car loans — all went into the financial system’s juicer. Out the other end, supposedly, came sweet-tasting AAA investments. And financial wizards were lavishly rewarded for overseeing the process.

But the wizards were frauds, whether they knew it or not, and their magic turned out to be no more than a collection of cheap stage tricks.
Quote:
Like many other economists, I’ve been revisiting the Great Depression, looking for lessons that might help us avoid a repeat performance. And one thing that stands out from the history of the early 1930s is the extent to which the world’s response to crisis was crippled by the inability of the world’s major economies to cooperate.

The details of our current crisis are very different, but the need for cooperation is no less. President Obama got it exactly right last week when he declared: “All of us are going to have to take steps in order to lift the economy. We don’t want a situation in which some countries are making extraordinary efforts and other countries aren’t.”

http://www.nytimes.com/2009/03/30/opinion/30krugman.html
Another little tidbit about our spending:



Give me a bit of time, the thread I am coming from on another site is almost 600 posts long, and the responses are a bit more than "Prove it!".

What I can tell from memory was that a few things are important. Going WAY back into the 1800's, banks werenot regulated and usually underwent a cyclical period of investment and cowardly pullout BY investors, leaving ithers (small depositors) in the lurch because of a lack opf funding available to cover the loans that were made.

I will have to look up the date, but I believe that after the Great Depression, the FDIC, and a bunch of legislative restrictions were enacted inorder to curb this and protect the general public.

Worked pretty good for 50/60 years until Reagan (and Subsequently Bush AND Clinton) kept removing more and more of these restrictions (such as the allowable debt ratio. What was it? 20/1?). We were then blessed, in short order, with the S+L fiasco, Enron, and now AIG/Lehmen/etc.

As for the Stimulus of the Great Depression, certain things were tried. A relief program was initiated by (who was the President of the time? Roosevelt?) and economists debate over whether that helped or hurt the recovery, but I believe at one point, where it was discontinued through political pressure, allwed the economy to slip BACK into teh depression it would have been in without the help.

SO YMMV.

For more information, you can do a quick Wiki on it:

Great Depression - Wikipedia, the free encyclopedia

Or PM me for the address to that other thread with LOTS more information....



Or you can keep pointing your finger and say you do not like Obama and fail to produce any supporting articles or information about it (Faux News excluded please).

Your choice!
 
Old 06-08-2009, 01:05 PM
 
Location: New Jersey
2,510 posts, read 1,285,722 times
Reputation: 621
Quote:
Originally Posted by sholden View Post
You have never heard of:

1. War of 1812?
2. War of 1812 again?
3. Spanish-American War of 1898?


Of course the those first two have nothing to do with military bases. That third one does though.

Do you really think what you listed is relevant TODAY ???
 
Old 06-08-2009, 01:10 PM
 
744 posts, read 846,944 times
Reputation: 177
Quote:
Originally Posted by FlyersFan View Post
Do you really think what you listed is relevant TODAY ???
The last is the reason there is a military base in cuba, so yes.
 
Old 06-08-2009, 01:14 PM
 
Location: New Jersey
2,510 posts, read 1,285,722 times
Reputation: 621
Quote:
Originally Posted by sholden View Post
The last is the reason there is a military base in cuba, so yes.

Fine....then that only goes back to support my original post stating that to truly be the most powerful nation one needs military bases in strategic locations.
 
Old 06-08-2009, 01:20 PM
 
Location: Holmdel, NJ
17,397 posts, read 13,636,260 times
Reputation: 9996
Quote:
Originally Posted by FlyersFan View Post
Do you really think what you listed is relevant TODAY ???
look at the list of military bases. much of it is countries that either we kicked the crap out of or countries we helped protect. these bases cost us way more than they are worth. they exist to suck more money from tax payers. so america is supposed to kiss UN butt to appease countries so we can put bases in their countries? so silly.
 
Old 06-08-2009, 02:26 PM
 
744 posts, read 846,944 times
Reputation: 177
Quote:
Originally Posted by FlyersFan View Post
Fine....then that only goes back to support my original post stating that to truly be the most powerful nation one needs military bases in strategic locations.
No, you just need more than the second most powerful. But that's so obvious it's pointless to talk about.

Not that it matters, the US doesn't have the economic might to support it's current military anyway. The house of cards is still standing of course, but not for too may more years.
 
Old 06-08-2009, 02:31 PM
 
Location: New Jersey
2,510 posts, read 1,285,722 times
Reputation: 621
Quote:
Originally Posted by sholden View Post
No, you just need more than the second most powerful. But that's so obvious it's pointless to talk about.

Not that it matters, the US doesn't have the economic might to support it's current military anyway. The house of cards is still standing of course, but not for too may more years.

Agreed.......we can't be the worlds policeman without help. We don't have the manpower nor the funds........look at the financial condition this 12 billion dollar a month war Bush saddled us with has left us in.......just imagine if we had waited for a true coalition of nations to form rather than rushing in and bearing the full cost ourselves......we could have been spending that 12 billion a month within the country on projects and infrastructure and creating/saving jobs rather than throwing it down a rat hole and left wondering how to extract ouselves from this mess.
 
Old 06-08-2009, 02:38 PM
 
Location: Holmdel, NJ
17,397 posts, read 13,636,260 times
Reputation: 9996
Quote:
Originally Posted by FlyersFan View Post
Agreed.......we can't be the worlds policeman without help. We don't have the manpower nor the funds........look at the financial condition this 12 billion dollar a month war Bush saddled us with has left us in.......just imagine if we had waited for a true coalition of nations to form rather than rushing in and bearing the full cost ourselves......we could have been spending that 12 billion a month within the country on projects and infrastructure and creating/saving jobs rather than throwing it down a rat hole and left wondering how to extract ouselves from this mess.
you are so hung up on iraq that you are blowing the cost out of proportion and you are pretending that waiting for a coalition would have had any value to us.
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