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Old 08-14-2009, 06:58 AM
 
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Grandfather Government Growth Report by MWHodges

the charts show the picture of big government growth to the point where today's government consumes 45% of the economy by its spending, plus another 13% of the economy via its un-funded regulatory mandates - - leaving less than half of the economy to the free-market private sector. Additionally, federal government debt is now approaching $10 Trillion, 67% of which was created since 1990.

this is not going to be our average recession.
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Old 08-14-2009, 07:20 AM
 
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When conventional economic wisdom repeatedly fails, it becomes necessary to revisit that conventional wisdom. Government spending fails to stimulate economic growth because every dollar Congress "injects" into the economy must first be taxed or borrowed out of the economy. Thus, government spending "stimulus" merely redistributes existing income, doing nothing to increase productivity or employment, and therefore nothing to create additional income. Even worse, many federal expenditures weaken the private sector by directing resources toward less productive uses and thus impede income growth. (heritage)

a current example is cash for clunkers. the government directed taxpayer spending towards the auto sector, NOT EVEN AMERICAN AUTOS EXCLUSIVELY, (DUH) and the rest of the consumer market took a dive this month.
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Old 08-14-2009, 07:48 AM
 
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So-what is your solution to the problem?

Seems like alot of people are more than willing to point out that a problem exists, but short on offering up a solution to the problem.

BTW....am I interrupting here? Looks like you are having a discussion with yourself!
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Old 08-14-2009, 07:55 AM
 
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i added a point, sorry if that confused you.

the solution is to stop big government growth, audit the federal reserve, stop cap and trade, put tariffs on imports, deport illegal immigrants, and get back to fiscal responsibility.
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Old 08-14-2009, 10:06 AM
 
Location: Portland, Oregon
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Yay! We are all doomed!
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Old 08-14-2009, 10:16 AM
 
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Quote:
Originally Posted by floridasandy View Post
i added a point, sorry if that confused you.

the solution is to stop big government growth, audit the federal reserve, stop cap and trade, put tariffs on imports, deport illegal immigrants, and get back to fiscal responsibility.
Wait a minute....are you Shawn Hannity? haha....sounds straight out of the Hannity/O'Reilly/Limbaugh playbook to me. You forgot the big fence to keep the Mexicans out!

Why is this in the biz forum? Get too crowded over in the debate forum?
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Old 08-14-2009, 10:16 AM
 
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This is what happens when you get all your financial education from blogs.
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Old 08-14-2009, 12:38 PM
 
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Quote:
Originally Posted by broadbill View Post
Wait a minute....are you Shawn Hannity? haha....sounds straight out of the Hannity/O'Reilly/Limbaugh playbook to me. You forgot the big fence to keep the Mexicans out!

Why is this in the biz forum? Get too crowded over in the debate forum?
it is in this forum because it is an economic discussion, although you are trying to turn it into a political discussion.

Last edited by floridasandy; 08-14-2009 at 12:49 PM..
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Old 08-14-2009, 12:40 PM
 
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Originally Posted by Traderx View Post
This is what happens when you get all your financial education from blogs.
the charts are from the BEA website. do you consider that a blog?

the only way to get the job market moving is to allow the private sector to grow again, since jobs are actually created by the private sector.

Last edited by floridasandy; 08-14-2009 at 12:54 PM..
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Old 08-14-2009, 12:54 PM
 
Location: Great State of Texas
86,068 posts, read 76,925,014 times
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Consumers are tapped out and scared. What little money they have they are stashing away.
They've cut back spending.

In a consumer driven economy this is bad. I see where the government has had to step in to be the consumer of last resort to keep the wheels turning. But they cannot continue doing this.

Walmart's report provided some interesting insight. They cut back inventories by 6% which saved them some money. But that also indicates normal Joe is not buying as much.

I see Walmart as a canary in the coal mine. Not the only one but one to follow. As people's standard of living decline they will revert to shopping at Walmart vs Central Market and I find Walmart reports to be a good indicator. This current report shows that even Walmart shoppers are pulling back.

With revenue strained companies can only cut so much from their operating costs before the losses have a severe effect on their business model. Companies have been cutting back now since last summer and I'm thinking they cannot cut any more.

Government spending will not do what consumer spending can do. If the economy doesn't turn around in any decent timeframe I'm afraid we're going to start seeing some major bankruptcy filings.
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