Bullshit. What #'s do you have on your side? More of you blathering with no data to back it up.. You have yet to talk about these numbers, but we did talk about Obama approval ratings and those are not on your side. What the fuck are you talking about??
Aprroval ratings dont really mean shit other than most American are just plain idiots. It doesnt really prove a point or anything. As for what #s, how about the TRILLIONS spent on these bailouts and stimulus plans. Do you understand the concept of inflation? This is an unprecedented amount of money to printed out of thin air, and the result will be something very similar to say, oh I dont know, the Weimar republic.
Listen, were in untested waters here. Everyone thinks they know whats best for the economy and I got news for ya, most of the time the average guy is wrong.
Like I said before I understand that to many people this is scarry. The spending situation will be looked back on in future years as too much too fast, no arguement there. However, its realy easy for people that do not know enough to say hey, I don't know if this is really gunna work. But the numbers show that it is working..
Okay, by all means lets see some numbers. Even if the plan has managed to keep our FAKE economy afloat
temporarily, through papering over it like we have done in recessions past, the underlying root causes are still there, and have actually been exasterbated by these actions. The whole housing crisis was brought about by an abundance of easy credit. It was a
bubble, brought about by artificially low interest rates. The low interest rates, were a result of the bush administration, or the federal reserve rather, trying to stimulate the economy after 9/11.
So what are we doing now, lowering interest rates, and creating trillions of dollars out of thin air. It doesnt take a rocket scientist to figure out what is going to happen. We are not "stimulating" the economy, we are attemting to reinflate our bubble economy. But this cannot go on forever, or much longer for that matter. What happens next time(assuming the bubble economy is reinflated), what, are we just going to print a hundred trillion dollars.
To say you do not like Barrack's policies is legitimate. To continually bash him and promote tin foil conspiracy theories is pointless.
I still ask the question does anyone think he is trying to screw over the country? I think posters here really have shit so twisted up in their minds to believe that kind of stuff.
I don't think he is
trying to screw over the country, I could speculate as to his motives, or what is going on in his head, but it does not change the facts of the matter.
There will be no catastrophy as you seem to like to insinuate that its imminent. Things will be ok. Its not all peaches. Hell, i had to shut down my business last year, I UNDERSTAND! But the economic downturn is largely because of the financial sector. I was in the financial sector and I know first hand the bullshit banks and mortgage lenders pulled to write bad loans. They are the ones to blame and if they need to be regulated for a period of time so that sufficient controls can be put into place to prevent that from ever happening again, I', ok with that!. I don't like regulation but when companies are so crooked that there is no way to clean them up, then regulation will get them back on track, and hopefully the regulation can end when this mess is sorted.
No catastrophe? Well lets see, 11 trillion in public debt(that we count), over 60 trillion in UNFUNDED liabilities, a trillion dollar budget deficit, and a growing trade deficit(adding to our debt constantly). Seems like we have pretty huge problem on our hands to me. We can never actually pay all of this money back, so basically, America is bankrupt. Id definitely call that a catastrophe.
Basically, we are headed for Great Depression II, and this one has the potential to be even worse, as it will be an inflationary depression.
