Economic Suicide

[jreeves]

Obama used a few strokes of a pen to kill the GDP and seal a trillion dollars in new debt to you and I.

RealClearPolitics - Video - Obama Signs $787 Billion Stimulus Bill Into Law

 

[Chris]

Better to let 500,000 people a month lose their jobs.

 

[Annie]

Better to let 500,000 people a month lose their jobs.

Chris, admit it, you are as dumb as everyone says. Go ahead, say, "I'm a troll, I've not a clue to what they hell is going on in the US, much less the world."

 

[Life_Long_Dem!]

so its better to just do nothing at all and let the economy really go in the shitter then be bold and try something.....MANY think the stimulus should have been larger than what Obama signed

 

[Kevin_Kennedy]

so its better to just do nothing at all and let the economy really go in the shitter then be bold and try something.....MANY think the stimulus should have been larger than what Obama signed

It certainly would be better to do nothing, since the alternative (this spending package) is to make the situation worse. The market needs to correct itself, and further government interventions only prolong the agony of the recession.

 

[jreeves]

so its better to just do nothing at all and let the economy really go in the shitter then be bold and try something.....MANY think the stimulus should have been larger than what Obama signed

The CBO predicted this would shrink the GDP, how again is that stimulus? How is that going to help the unemployed, if the economy shrinks?

 

[Chris]

so its better to just do nothing at all and let the economy really go in the shitter then be bold and try something.....MANY think the stimulus should have been larger than what Obama signed

The CBO predicted this would shrink the GDP, how again is that stimulus? How is that going to help the unemployed, if the economy shrinks?

CBO said it will shrink GDP TEN YEARS FROM NOW.

God, you are so full of shit.

The purpose of the bill is to help people thrown out of work while we reregulate the financial system, so this doesn't happen again.

But you don't really care. You are just a Republican drone.

 

[Chris]

Better to let 500,000 people a month lose their jobs.

Chris, admit it, you are as dumb as everyone says. Go ahead, say, "I'm a troll, I've not a clue to what they hell is going on in the US, much less the world."

Anne, admit it, you don't care if 500,000 Americans are losing their jobs every month, as long as you hold on to yours.

 

[jreeves]

so its better to just do nothing at all and let the economy really go in the shitter then be bold and try something.....MANY think the stimulus should have been larger than what Obama signed

The CBO predicted this would shrink the GDP, how again is that stimulus? How is that going to help the unemployed, if the economy shrinks?

CBO said it will shrink GDP TEN YEARS FROM NOW.

God, you are so full of shit.

The purpose of the bill is to help people thrown out of work while we reregulate the financial system, so this doesn't happen again.

But you don't really care. You are just a Republican drone.

Tell me Chrissypants how 500,000+ unemployed are going to benefit from the GDP shrinking over the next 10 years?

 

[Chris]

The CBO predicted this would shrink the GDP, how again is that stimulus? How is that going to help the unemployed, if the economy shrinks?

CBO said it will shrink GDP TEN YEARS FROM NOW.

God, you are so full of shit.

The purpose of the bill is to help people thrown out of work while we reregulate the financial system, so this doesn't happen again.

But you don't really care. You are just a Republican drone.

Tell me Chrissypants how 500,000+ unemployed are going to benefit from the GDP shrinking over the next 10 years?

It isn't going to shrink now, that's the point. But you know all this, you are just shoveling your usual bullshit.

 

[jreeves]

CBO said it will shrink GDP TEN YEARS FROM NOW.

God, you are so full of shit.

The purpose of the bill is to help people thrown out of work while we reregulate the financial system, so this doesn't happen again.

But you don't really care. You are just a Republican drone.

Tell me Chrissypants how 500,000+ unemployed are going to benefit from the GDP shrinking over the next 10 years?

It isn't going to shrink now, that's the point. But you know all this, you are just shoveling your usual bullshit.

Exploding the national debt will have an immediate effect, but the full effect won't be felt until 10 years from now. Read the CBO report...

 

[Life_Long_Dem!]

more and more people are saying the worst is yet to come, I was watching fox and they had a guy on the glen beck show who is really accurate at predicting future trends and he is saying that we will be seeing more and more retail and commercial closing, more stores going belly up, that its gonna get REALLY BAD before it gets better...so we just do nothing and stand by and let it happen??? this will fix its self??? OOOOOOOK!? this is already to the point that its beyond fixing itself so get a clue people. this excerpt is from a story I posted earlier on this board and sad to say it really rings true


The corporate thieves, those who insisted they be paid tens of millions of dollars because they were the best and the brightest, have been exposed as con artists. Our elected officials, along with the press, have been exposed as corrupt and spineless corporate lackeys. Our business schools and intellectual elite have been exposed as frauds. The age of the West has ended. Look to China. Laissez-faire capitalism has destroyed itself. It is time to dust off your copies of Marx

 

[Kevin_Kennedy]

more and more people are saying the worst is yet to come, I was watching fox and they had a guy on the glen beck show who is really accurate at predicting future trends and he is saying that we will be seeing more and more retail and commercial closing, more stores going belly up, that its gonna get REALLY BAD before it gets better...so we just do nothing and stand by and let it happen??? this will fix its self??? OOOOOOOK!? this is already to the point that its beyond fixing itself so get a clue people. this excerpt is from a story I posted earlier on this board and sad to say it really rings true


The corporate thieves, those who insisted they be paid tens of millions of dollars because they were the best and the brightest, have been exposed as con artists. Our elected officials, along with the press, have been exposed as corrupt and spineless corporate lackeys. Our business schools and intellectual elite have been exposed as frauds. The age of the West has ended. Look to China. Laissez-faire capitalism has destroyed itself. It is time to dust off your copies of Marx

Laissez-faire Capitalism couldn't possibly have "destroyed itself," because we do not practice laissez-faire Capitalism and haven't for a long time. This recession is a direct result of government interventions in the market.

As for the market being too far gone to fix itself, that is incorrect. The recession is the market attempting to correct itself. The market attempts to reallocate resources from insolvent institutions to more viable ones. Resources being capital and workers, among other things. This means, sadly, that some people will lose their jobs, but that they will hopefully find a more productive line of work.

 

[jreeves]

more and more people are saying the worst is yet to come, I was watching fox and they had a guy on the glen beck show who is really accurate at predicting future trends and he is saying that we will be seeing more and more retail and commercial closing, more stores going belly up, that its gonna get REALLY BAD before it gets better...so we just do nothing and stand by and let it happen??? this will fix its self??? OOOOOOOK!? this is already to the point that its beyond fixing itself so get a clue people. this excerpt is from a story I posted earlier on this board and sad to say it really rings true


The corporate thieves, those who insisted they be paid tens of millions of dollars because they were the best and the brightest, have been exposed as con artists. Our elected officials, along with the press, have been exposed as corrupt and spineless corporate lackeys. Our business schools and intellectual elite have been exposed as frauds. The age of the West has ended. Look to China. Laissez-faire capitalism has destroyed itself. It is time to dust off your copies of Marx

Doing nothing?
Washington Times - CBO: Obama stimulus harmful over long haul
President Obama's economic recovery package will actually hurt the economy more in the long run than if he were to do nothing, the nonpartisan Congressional Budget Office said Wednesday.
CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing

 

[Chris]

more and more people are saying the worst is yet to come, I was watching fox and they had a guy on the glen beck show who is really accurate at predicting future trends and he is saying that we will be seeing more and more retail and commercial closing, more stores going belly up, that its gonna get REALLY BAD before it gets better...so we just do nothing and stand by and let it happen??? this will fix its self??? OOOOOOOK!? this is already to the point that its beyond fixing itself so get a clue people. this excerpt is from a story I posted earlier on this board and sad to say it really rings true


The corporate thieves, those who insisted they be paid tens of millions of dollars because they were the best and the brightest, have been exposed as con artists. Our elected officials, along with the press, have been exposed as corrupt and spineless corporate lackeys. Our business schools and intellectual elite have been exposed as frauds. The age of the West has ended. Look to China. Laissez-faire capitalism has destroyed itself. It is time to dust off your copies of Marx

Doing nothing?
Washington Times - CBO: Obama stimulus harmful over long haul
President Obama's economic recovery package will actually hurt the economy more in the long run than if he were to do nothing, the nonpartisan Congressional Budget Office said Wednesday.
CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing

The Washington Times? The Moonie newspaper?

The newspaper owned by the Rev. Moon who literally thinks he is the Second Coming of Christ?

For those unfamiliar with Moon, you can read about him at this link...

Sun Myung Moon - Wikipedia, the free encyclopedia

 

[jillian]

where were these freaks for eight years when bush's policies were bankrupting us?

lol... so sad and pathetic.

 

[jreeves]

more and more people are saying the worst is yet to come, I was watching fox and they had a guy on the glen beck show who is really accurate at predicting future trends and he is saying that we will be seeing more and more retail and commercial closing, more stores going belly up, that its gonna get REALLY BAD before it gets better...so we just do nothing and stand by and let it happen??? this will fix its self??? OOOOOOOK!? this is already to the point that its beyond fixing itself so get a clue people. this excerpt is from a story I posted earlier on this board and sad to say it really rings true


The corporate thieves, those who insisted they be paid tens of millions of dollars because they were the best and the brightest, have been exposed as con artists. Our elected officials, along with the press, have been exposed as corrupt and spineless corporate lackeys. Our business schools and intellectual elite have been exposed as frauds. The age of the West has ended. Look to China. Laissez-faire capitalism has destroyed itself. It is time to dust off your copies of Marx

Doing nothing?
Washington Times - CBO: Obama stimulus harmful over long haul
President Obama's economic recovery package will actually hurt the economy more in the long run than if he were to do nothing, the nonpartisan Congressional Budget Office said Wednesday.
CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing

The Washington Times? The Moonie newspaper?

The newspaper owned by the Rev. Moon who literally thinks he is the Second Coming of Christ?

For those unfamiliar with Moon, you can read about him at this link...

Sun Myung Moon - Wikipedia, the free encyclopedia

Ah yes your favorite tatic, attack the messenger. Well here is the actual report....
http://www.cbo.gov/ftpdocs/99xx/doc9987/Gregg_Year-by-Year_Stimulus.pdf
Taking all of the short- and long-run effects into account, CBO estimates that the
legislation implies an increase in GDP relative to the agency’s baseline forecast of
between 1.4 percent and 3.8 percent by the fourth quarter of 2009, between 1.1 percent
and 3.3 percent by the fourth quarter of 2010, between 0.4 percent and 1.3 percent by
the fourth quarter of 2011, and declining amounts in later years (see Table 1). Beyond
2014, the legislation is estimated to reduce GDP by between zero and 0.2 percent. This
long-run effect is slightly smaller than CBO estimated in its preliminary analysis of the
Senate stimulus legislation last week due to refinements in our methodology.

 

[jreeves]

where were these freaks for eight years when bush's policies were bankrupting us?

lol... so sad and pathetic.

I have posted that the Medicare Act of 2003 was patently stupid. But just cause one side f's up doesn't mean you double down on their screw up.

 

[Chris]

Doing nothing?
Washington Times - CBO: Obama stimulus harmful over long haul
President Obama's economic recovery package will actually hurt the economy more in the long run than if he were to do nothing, the nonpartisan Congressional Budget Office said Wednesday.
CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing

The Washington Times? The Moonie newspaper?

The newspaper owned by the Rev. Moon who literally thinks he is the Second Coming of Christ?

For those unfamiliar with Moon, you can read about him at this link...

Sun Myung Moon - Wikipedia, the free encyclopedia

Ah yes your favorite tatic, attack the messenger. Well here is the actual report....
http://www.cbo.gov/ftpdocs/99xx/doc9987/Gregg_Year-by-Year_Stimulus.pdf
Taking all of the short- and long-run effects into account, CBO estimates that the
legislation implies an increase in GDP relative to the agency’s baseline forecast of
between 1.4 percent and 3.8 percent by the fourth quarter of 2009, between 1.1 percent
and 3.3 percent by the fourth quarter of 2010, between 0.4 percent and 1.3 percent by
the fourth quarter of 2011, and declining amounts in later years (see Table 1). Beyond
2014, the legislation is estimated to reduce GDP by between zero and 0.2 percent. This
long-run effect is slightly smaller than CBO estimated in its preliminary analysis of the
Senate stimulus legislation last week due to refinements in our methodology.

Thanks for proving my point.

The stimulus is a bridge that will help us over the hump, but will cost us ten years from now.

 

[jreeves]

The Washington Times? The Moonie newspaper?

The newspaper owned by the Rev. Moon who literally thinks he is the Second Coming of Christ?

For those unfamiliar with Moon, you can read about him at this link...

Sun Myung Moon - Wikipedia, the free encyclopedia

Ah yes your favorite tatic, attack the messenger. Well here is the actual report....
http://www.cbo.gov/ftpdocs/99xx/doc9987/Gregg_Year-by-Year_Stimulus.pdf
Taking all of the short- and long-run effects into account, CBO estimates that the
legislation implies an increase in GDP relative to the agency’s baseline forecast of
between 1.4 percent and 3.8 percent by the fourth quarter of 2009, between 1.1 percent
and 3.3 percent by the fourth quarter of 2010, between 0.4 percent and 1.3 percent by
the fourth quarter of 2011, and declining amounts in later years (see Table 1). Beyond
2014, the legislation is estimated to reduce GDP by between zero and 0.2 percent. This
long-run effect is slightly smaller than CBO estimated in its preliminary analysis of the
Senate stimulus legislation last week due to refinements in our methodology.

Thanks for proving my point.

The stimulus is a bridge that will help us over the hump, but will cost us ten years from now.

Of course a trillion dollars will put money in the economy in the short term but.....
[ame=http://www.youtube.com/watch?v=OS2fI2p9iVs]YouTube - US Government Immorality Will Lead to Bankruptcy[/ame]
Even the short term impact isn't that great...(from the CBO report)
Most of the budgetary effects of the legislation would occur over the next
few years, and as those effects diminished the short-run impact on the economy would
fade.
This won't provide a bridge, it will provide a pitfall.