This talk of the recession ending is BS

Discussion in 'Politics' started by Gadawg73, Apr 21, 2010.

  1. Gadawg73
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    Gadawg73 Gold Member

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    from Obama administration.
    Let us look at the deeds done by this crowd:
    Cash for clunkers: short term good with a sharp rise in the price of a good used car that gets good mileage which was bad
    "Stimulus" paved a road near my house which never needed paving. Multiply that 10,979 times with a $5K "Paid Fo by yo Daddy" sign thrown in each time.
    The Insurance Company and Dope Company stockholder and corporate employee Stimulus Package masquerading as The Health Care Bill
    and on and on.
    The kicker sports fans is that all of this "gain" we are seeing is with 3% money and less for the banks.
    When reality sets in again and interest rates settle BACK WHERE THEY SHOULD BE at 8% the recession will kick in for another 5 years untilwe cut spending in the run away entitlement programs social security and Medicare.
    Do any of you understand what the rise in interest rates does to the deficit in terms of how much we will have to borrow, the limitson who will loan tous and how much we have to pay MORE ON EXISTING DEBT; both as a country and most importantly, IN THE PRIVATE BUSINESS SECTOR?
     
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  2. Madeline
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    Madeline BANNED

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    I agree that interest is the big unknown. We may well be in for very difficult times.
     
  3. Oddball
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    Oddball BANNED Supporting Member

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  4. skookerasbil
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    skookerasbil Gold Member

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    Dude FTW!!!!


    Oh......and lets not forget.........of course there is going to be a growth in the economy when people are staring straight at huge, huge tax increases in 2011. Thats what Hillary did so smartly in 1992.......invested her ass off a year before the gigantic taxes hit, just as many shrewd investors did in '92. Look at growth rates by 1994!!!!!!!!!!!!! The same dynamic is playing out here..........only the k00ks think its bonafide sustained growth.
     
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  5. mayya555
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    mayya555 Member

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    True true true! If won't stop overlending our economy will soon crash totally...
     
  6. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Can't argue there. Especially when companies will be taking profits in 2010 to avoid the hikes in 2011. Not to mention that health care premiums are going to skyrocket in 2011 thanks to this health care bill.
     

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