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because it cant afford to do crap or fix anything ! they have a private company who owns the bridge by us in pa. . the company that owns it is taking good care of it and making money from the tolls.
heck throw up a toll both on the long island expressway ,sell it off in chunks, let ny get the dough , have private companies take care of it from this point on. we got no money to fix the freakin thing.
because it cant afford to do crap or fix anything ! they have a private company who owns the bridge by us in pa. . the company that owns it is taking good care of it and making money from the tolls.
What can't afford to do crap? The government? The government is having no trouble financing itself, again, rates are at historic lows and it could pretty easily borrow $2~$3 trillion over the next 5 years to stimulate the economy.
In terms of your bridge example, you are just demonstrating that selling assets will do nothing for the economy. When a private company buys an asset it doesn't run it for free, it charges some fee and these fees come out of people's pockets. So the government gets some money...and people have to pay tolls. Gee....sounds like taxes huh? But instead of the $$ going directly to the government some company is making a profit....so the taxes are even higher.
Wow-some frightful posts. QE3 is coming (not the answer) and I think you will see some small policy changes that could help things (not solve anything). The market isn't as bad as it sounds from listening to the talking heads.
This isn't the panic, it is just that is so fresh in people's minds. Good buying opportunity for the long-term here IMO. Particularly the banks and oil plays.
Wake up. Get out of your insular fast growth corporate suburbs and high growth places and visit most of the rest of the US. We never got out of the last recession/depression and it's still here.
What can't afford to do crap? The government? The government is having no trouble financing itself, again, rates are at historic lows and it could pretty easily borrow $2~$3 trillion over the next 5 years to stimulate the economy.
In terms of your bridge example, you are just demonstrating that selling assets will do nothing for the economy. When a private company buys an asset it doesn't run it for free, it charges some fee and these fees come out of people's pockets. So the government gets some money...and people have to pay tolls. Gee....sounds like taxes huh? But instead of the $$ going directly to the government some company is making a profit....so the taxes are even higher.
for an insight into your questions as to why and how i suggest you read harvard professor niall fergusons books. i caught him on consuelo macks show and he had some very interesting ideas about privatization and debt reduction.
i do but i learned once you have your own idea in your head its fruitless for me to go into details and waste my time. you rarely see beyond your own ideas on subjects.
on to the next topic.
The government can't do anything to stimulate the economy at this point!
Manufacturing is slowing down. Consumers are reining in spending. Unemployment is ticking up. QE2 brought us $4 gas and expensive grocery store food.
The government is doing everything it can to try to stimulate the economy. The result is the pathetic .4% growth we saw in 1st quarter. THAT is truly frightful. We're at the point now where $1 of new debt doesn't even contribute to any positive growth.
QE was just a banker bailout. TARP was an epic mistake. If we had let this all sort out in 2008, we would have been back to real growth now. Instead, Congress was threatened with "tanks in the streets." In a real, free market, capitalist economy, the bad banks would fail and new banks would take their place (and the responsible banks would remain standing).
Sure, that process would have felt worse than the Great Depression, but now we face the same thing all over again, and we shot all of our bullets. OOPS.
The economy is going down. Housing market, fed printing more money out of thin air, Bank Of America bulldozing assets to bring housing back, QE 3 coming, stimulus wasn't so shovel ready, inflation, deflating dollar, no border control,banks in trouble, FDIC broke, politics gone wild, trillions added to debt, unemployment rising, companies laying off or closing their doors . Depression is here already.
Obama plays golf and raises millions to get re-elected while America is imploding.
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