Stand up comic or serious statement?

[saveliberty]

And that growth was completely based on an overinflated housing market that finally burst wide open. Without the housing bubble being created, there would not have been any growth during the Bush years. Can't you see that? All those tax cuts went directly into the housing market rather than to creating new businesses and more jobs. Yes, the housing bubble that was created did create jobs, but eventually the bubble burst and now we are paying for it. For the last couple of years of the bubble, the vast majority of new homes were sold to speculators, and when the bubble burst, it left us with millions of excess homes. The reason we cannot get out of this housing mess is because there are millions of vacant homes that nobody wants nor can afford. It is going to take at least five more years to find buyers for these homes that already exist. So that is at least five more years before we can even begin to look at new home building to help the economy.

I really think a lot of you live in some fantasy world where you think there is a simple answer to every problem. And because of that, you stay stuck in the same place not wanting to try to really figure out how we can make things better. I guess it's just more fun to blame someone else and try to make your talking points for your failed ideology.

So every dollar of Bush tax cut money went to the housing bubble? Do you make this shit up as you go along? The housing market didnt reach "bubble" status until 2006/7. The tax cuts passed years before that.

But again, why do you think pouring more money into airports to nowhere and bridges no one uses is going to help this country?

Two simple reasons; first of all our infrastructure is falling apart, and it has to be paid for to be fixed. The only way it will ever be paid for is through tax dollars. If you want to deny that this country's infrastructure is falling apart, then there is no point discussing this, because then you are just living in your own fantasy world. If you do see the need for infrastructure spending, then you know it is not in airports to nowhere, but in things such as bridges that actually are used every day, updating sewer systems in our crumbling cities, new water treatment facilities, and the repairing of roads that have been patched over so many times, we don't even know how deep the original road is. And yes, spending money on things like this does help the economy. It creates jobs and that money does move down the line, creating economic growth. And we get something concrete for our money; it's not just thrown away. Actually, spending money on infrastructure is one of the things that government is good at and it's also one of the areas that government has a responsibility to act.

Housing is NOT infrastructure. Get your story straight. We need to spend money on maintenance of exisitng infrastrucutre. This should have come from exisitng tax sources, but federal, state and local governments shifted funds around to cover other pet projects and entitlements they had no business funding.

Housing was set up as the piggy bank for consumer spending. Home equity loans paid down credit card balances, so they could be run up again Congress mistakenly created an artificial home ownership level such could only be sustained by lowering loan standards to the point of no return. Banks were protected through a series of rules and insurance policies, which were also built on smoke.

 

[auditor0007]

So every dollar of Bush tax cut money went to the housing bubble? Do you make this shit up as you go along? The housing market didnt reach "bubble" status until 2006/7. The tax cuts passed years before that.

But again, why do you think pouring more money into airports to nowhere and bridges no one uses is going to help this country?

Two simple reasons; first of all our infrastructure is falling apart, and it has to be paid for to be fixed. The only way it will ever be paid for is through tax dollars. If you want to deny that this country's infrastructure is falling apart, then there is no point discussing this, because then you are just living in your own fantasy world. If you do see the need for infrastructure spending, then you know it is not in airports to nowhere, but in things such as bridges that actually are used every day, updating sewer systems in our crumbling cities, new water treatment facilities, and the repairing of roads that have been patched over so many times, we don't even know how deep the original road is. And yes, spending money on things like this does help the economy. It creates jobs and that money does move down the line, creating economic growth. And we get something concrete for our money; it's not just thrown away. Actually, spending money on infrastructure is one of the things that government is good at and it's also one of the areas that government has a responsibility to act.

Housing is NOT infrastructure. Get your story straight. We need to spend money on maintenance of exisitng infrastrucutre. This should have come from exisitng tax sources, but federal, state and local governments shifted funds around to cover other pet projects and entitlements they had no business funding.

Housing was set up as the piggy bank for consumer spending. Home equity loans paid down credit card balances, so they could be run up again Congress mistakenly created an artificial home ownership level such could only be sustained by lowering loan standards to the point of no return. Banks were protected through a series of rules and insurance policies, which were also built on smoke.

Hmm, not sure where I stated that housing was infrastructure. If I did, bad on me. I thought I said this:

If you do see the need for infrastructure spending, then you know it is not in airports to nowhere, but in things such as bridges that actually are used every day, updating sewer systems in our crumbling cities, new water treatment facilities, and the repairing of roads that have been patched over so many times, we don't even know how deep the original road is.

 

[The Rabbi]

And that growth was completely based on an overinflated housing market that finally burst wide open. Without the housing bubble being created, there would not have been any growth during the Bush years. Can't you see that? All those tax cuts went directly into the housing market rather than to creating new businesses and more jobs. Yes, the housing bubble that was created did create jobs, but eventually the bubble burst and now we are paying for it. For the last couple of years of the bubble, the vast majority of new homes were sold to speculators, and when the bubble burst, it left us with millions of excess homes. The reason we cannot get out of this housing mess is because there are millions of vacant homes that nobody wants nor can afford. It is going to take at least five more years to find buyers for these homes that already exist. So that is at least five more years before we can even begin to look at new home building to help the economy.

I really think a lot of you live in some fantasy world where you think there is a simple answer to every problem. And because of that, you stay stuck in the same place not wanting to try to really figure out how we can make things better. I guess it's just more fun to blame someone else and try to make your talking points for your failed ideology.

So every dollar of Bush tax cut money went to the housing bubble? Do you make this shit up as you go along? The housing market didnt reach "bubble" status until 2006/7. The tax cuts passed years before that.

But again, why do you think pouring more money into airports to nowhere and bridges no one uses is going to help this country?

Two simple reasons; first of all our infrastructure is falling apart, and it has to be paid for to be fixed. The only way it will ever be paid for is through tax dollars. If you want to deny that this country's infrastructure is falling apart, then there is no point discussing this, because then you are just living in your own fantasy world. If you do see the need for infrastructure spending, then you know it is not in airports to nowhere, but in things such as bridges that actually are used every day, updating sewer systems in our crumbling cities, new water treatment facilities, and the repairing of roads that have been patched over so many times, we don't even know how deep the original road is. And yes, spending money on things like this does help the economy. It creates jobs and that money does move down the line, creating economic growth. And we get something concrete for our money; it's not just thrown away. Actually, spending money on infrastructure is one of the things that government is good at and it's also one of the areas that government has a responsibility to act.

We have spent billions of dollars supposedly on infrastructure and we got airports to nowhere, railroad stations no one uses, and guard rails for abandonded roads.
Republicans detail wasteful stimulus spending | Reuters
Why do you think another allocation of money for the same purpose will be spent any more wisely?

Again, you believe in the fairy of money multipliers. That is clearly untrue and has been disproven many times in this country alone. Such spending will stimulate only more waste and corruption. Once the job is over no more wealth will have been produced.

 

[saveliberty]

It is all part of growing government. If you fail to plan for upgrades and replacements on a schedule, you get to continue your regular bloated spending AND assess for infrastructure changes. Force the credit wielding representatives to make priorities and live within their budgets.

 

[blastoff]

The only thing shovel ready is the manure that builds up at Barry's feet practically every time he opens his mouth.