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What he says makes a lot of sense to me. Would you be willing to explain why you disagree?
Sure; basically read this; I believe the exact opposite to be true:
We have to spend money now to save these institutions from total collapse, to stabilize and reduce unemployment, to stabilize stock markets and to free up credit markets. Then, in the short to medium-term we need to improve regulatory capacity, both at the domestic and international level (through the Bretton Woods institutions, WTO and perhaps new institutions). At that point, once the economy is stabilized, recuperating and growing we can shift gears and focus on the debt. If we don't achieve these prerequisites, however, the debt isn't going to matter anyway; right now, the debt should not be our main concern.
Problem is we HAVE spent billions and nothing has happened...unemployment is getting worse....
The US GDP is approximately 14 trillion dollars; the global economy is estimated to have a 'GDP' of close to 55 trillion (probably quite a bit higher once the black market is taken into account). So yes, we have spent billions, but in relation to the economy as a whole it simply isn't enough. Additionally, a substantial amount of what we have spent has not been on the most efficient types of policies and approaches (which is, of course, a result of the complete lack of agreement as to what precisely are the most efficient policies and approaches). We haven't done enough nor have we given what has been done adequate enough time to take effect. Furthermore, until now, no where near enough has been done at the international level. The US economy is too deeply integrated into the world's economy to be able to be saved from a purely domestic set of policy approaches; our economic success lies, in part on engagement with other economies through trade, financial makets and FDI and until the global economy is stabilized the US economy cannot fully recover.
Did you ever hear of the expression ... you need to "spend money" to "make money" ?
Well it's true .... and that is exactly what Obama's budget will be doing.
If you want to create an ongoing source of income ... you spend money to start a new business.
If the business is successful, you reap the rewards, which will continue to pay out for years and years, and continue to grow.
In contrast ... if you do absolutely nothing ... then you will have absolutely nothing to show for it.
Obama is trying to run our country like a well managed business.
He is spending money to create new jobs, which will put millions of people back to work, and help make our economy prosperous again.
New jobs will mean more federal income taxes collected, and more money to help pay down our National Debt.
It may take many months before Obama's spending starts to generate new income, but that's true of any new business.
with all due respect, if I ran my business the way Obama wants to run the country, I'd have creditors calling me day and night and would go out of business.
Sure; basically read this; I believe the exact opposite to be true:
We have to spend money now to save these institutions from total collapse, to stabilize and reduce unemployment, to stabilize stock markets and to free up credit markets. Then, in the short to medium-term we need to improve regulatory capacity, both at the domestic and international level (through the Bretton Woods institutions, WTO and perhaps new institutions). At that point, once the economy is stabilized, recuperating and growing we can shift gears and focus on the debt. If we don't achieve these prerequisites, however, the debt isn't going to matter anyway; right now, the debt should not be our main concern.
Well this sort of sounds like blind opposition. Don't you have a rebuttal in your own words? What is wrong with the statement that makes you disagree with it?
The US GDP is approximately 14 trillion dollars; the global economy is estimated to have a 'GDP' of close to 55 trillion (probably quite a bit higher once the black market is taken into account). So yes, we have spent billions, but in relation to the economy as a whole it simply isn't enough. Additionally, a substantial amount of what we have spent has not been on the most efficient types of policies and approaches (which is, of course, a result of the complete lack of agreement as to what precisely are the most efficient policies and approaches). We haven't done enough nor have we given what has been done adequate enough time to take effect. Furthermore, until now, no where near enough has been done at the international level. The US economy is too deeply integrated into the world's economy to be able to be saved from a purely domestic set of policy approaches; our economic success lies, in part on engagement with other economies through trade, financial makets and FDI and until the global economy is stabilized the US economy cannot fully recover.
are you an advocate of a one world government, ie. a New World Order?
Well this sort of sounds like blind opposition. Don't you have a rebuttal in your own words? What is wrong with the statement that makes you disagree with it?
Well, it's almost 1:30 in the morning, and I'm an idiot for staying up this late to begin with. secondly, the opposite is basically my own words, give or take an adjective here or there.
with all due respect, if I ran my business the way Obama wants to run the country, I'd have creditors calling me day and night and would go out of business.
The way Obama wants to run the country ?
Could you be more specific? What exactly don't you agree with ?
Are you against his idea of creating new jobs and putting millions back to work?
1. I think if you 'd check, I think you'd find we already have a lot of trust fund babies in Congress. Either that, or there are special interest groups backing a candidate at least at the beginning. How many people make it into Congress with NO $$ supporting them?
2. Our best and brightest don't want the job partly because --who in their right mind would want a job where every word they say is scrutinized, the media is constantly trying to dig up dirt on them, etc. Only people with HUGE egos and/or power-crazed people want the job. I know some very successful business people who would be great politicians (have the smarts and know how to run a business - govt is business really) - they would never run cuz they don't want all the stupid hassles that come with the job.
Yes I agree, but paying them less would compound the problem of rich elites running for office....and sharp people not wanting the job because of the media sensationalism. Pay them more...compensate those who serve for their time and hassles.
are you an advocate of a one world government, ie. a New World Order?
No, I'm an advocate of the kinds in international financial institutions and the coupled regulatory capacity that are absolutely critical to maintaining a stable global economy so that financial collapse in a single country, in the future, can't spread throughout the entire global economy like a disease.
Like it or not, we are living in a highly globalized world in which the divisions between countries' economies are more conceptual than real. A failure to have adequate financial regulation at the international level has allowed for the kinds of economic crises that have started to plague the system. The Asian Financial Crisis of the 1990s should have sounded the alarm, the current economic crisis certainly has. A global economic crisis cannot be solved by purely domestic policies.
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