The Beast Is Starved: Welcome to the Next Great Depression

Discussion in 'Politics' started by BDBoop, Aug 6, 2011.

  1. BDBoop
    Offline

    BDBoop BANNED

    Joined:
    Jul 20, 2011
    Messages:
    35,385
    Thanks Received:
    4,996
    Trophy Points:
    0
    Location:
    Don't harsh my zen, Jen!
    Ratings:
    +5,006
    The Beast Is Starved: Welcome to the Next Great Depression | Common Dreams

     
  2. Animus
    Offline

    Animus Member

    Joined:
    Aug 6, 2011
    Messages:
    49
    Thanks Received:
    7
    Trophy Points:
    21
    Location:
    Pittsburgh
    Ratings:
    +8
    Yes, we can't survive on this consumer, debt based economic system. One thing I agree with that article is that we do indeed have a jobs crisis. Our trade deficits are an alarming indicator of this. Plus look at the cloths on everyone's back FE, Made in China, Made in South America. That shit should be manufactured in the US. We need a productive manufacturing economy again. That way we can have the tax revenue to pay off our debts.
     
  3. American Horse
    Offline

    American Horse AKA "Mustang"

    Joined:
    Jan 23, 2009
    Messages:
    5,741
    Thanks Received:
    892
    Trophy Points:
    153
    Location:
    The Hoosier Heartland
    Ratings:
    +938
    And here we go; the left says they want a debate but tell anyone who actually disagrees to shut up, and they go all the way to deligitimize first amendment protected speech. They believe the first amendment only protects talking dirty, etc.

    John F Kerry just said it, Charles Schumer said it, others of the Dem party have just said it. Just when we are really ready for a real debate, they say shut up; stop holding a gun to our heads, terrorists!!!



    John F Kerry:
    Lies, nonsense, and a call for depriving citizens of freedom of speech.
     
    • Thank You! Thank You! x 1
    Last edited: Aug 6, 2011
  4. ShackledNation
    Offline

    ShackledNation Libertarian

    Joined:
    Jun 16, 2011
    Messages:
    1,885
    Thanks Received:
    208
    Trophy Points:
    130
    Location:
    California
    Ratings:
    +324
    The problem is not under consumption and lack of consumer spending. Preceding the depression, consumers were spending more than ever, so much so we were going in debt. Prior to the Great Depression, wages were rising and people had more purchasing power than ever.

    Not to mention that the industries least affected by both this recession and the great depression were industries based in consumer goods. The industries hurt are those based in capital goods (construction, raw materials, etc).

    As for the article's mention of corporatism...that is not free market capitalism. It was Obama who bailed out the banks and big business, engaging in the very corporate welfare the Tea Party is against and this article seems to dislike as well. Corporatism is not Capitalism. Underconsumption does not cause crisis.

    The business cycle is caused by artificial lowering of the interest rates, signalling that people are saving more. Obviously, this is not what has happened. Malinvestment has to be liquidated. Recovery will never occur until this happens, and that is precisely what Hoover and FDR prevented from happening for over a decade, and what Obama and progressives are doing now---repeating the same terrible mistakes.

    The depression of 1921 ended in one year. No stimulus, bailouts, tax hikes, or increased government regulations were present, in fact it was more the opposite. The problem is not that we aren't doing enough, the problem is we are doing far too much.
     
    • Thank You! Thank You! x 1
    Last edited: Aug 6, 2011
  5. kyzr
    Offline

    kyzr Gold Member

    Joined:
    Oct 14, 2009
    Messages:
    3,447
    Thanks Received:
    450
    Trophy Points:
    130
    Ratings:
    +630
    The DC whores were bought by Wall Street to move 14,000 factories overseas, that translates to 3,000,000 manufacturing jobs lost. Now they are looking for "jobs" and wasting tax dollars chasing "jobs".
    Until the DC clowns get Wall Street to end "short selling" and get Corporations to expand here in the US...then again look what happened to Boeing building a $1-billion plant in SC...its a lost cause...nevermind the DC whores are morons....
     
  6. Dont Taz Me Bro
    Online

    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

    Joined:
    Nov 17, 2009
    Messages:
    31,649
    Thanks Received:
    6,686
    Trophy Points:
    1,170
    Location:
    Las Vegas, Nevada
    Ratings:
    +17,541
    Just curious. Ever had an original thought of your own? You post biased source after biased source.
     
  7. California Girl
    Offline

    California Girl BANNED

    Joined:
    Oct 8, 2009
    Messages:
    50,337
    Thanks Received:
    8,960
    Trophy Points:
    0
    Ratings:
    +8,965
    You noticed that too, huh? :lol:

    Original thought requires critical thinking. Critical thinking is a right wing concept.... according to the drooling hordes on the left. :lol:
     
  8. mudwhistle
    Offline

    mudwhistle Diamond Member

    Joined:
    Jul 21, 2009
    Messages:
    65,320
    Thanks Received:
    11,939
    Trophy Points:
    2,070
    Location:
    Wetwang With Fimber, Yorkshire
    Ratings:
    +26,265
    If Obama fails the economy won't.
     
  9. WillowTree
    Offline

    WillowTree Diamond Member

    Joined:
    Sep 15, 2008
    Messages:
    68,174
    Thanks Received:
    10,170
    Trophy Points:
    2,030
    Ratings:
    +14,742
    has obiedoodle said anything yet?
     
  10. Animus
    Offline

    Animus Member

    Joined:
    Aug 6, 2011
    Messages:
    49
    Thanks Received:
    7
    Trophy Points:
    21
    Location:
    Pittsburgh
    Ratings:
    +8
    :clap2:
     

Share This Page