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Thread: Economy Grows by Most in a Decade on U.S. Consumer-Spending Gain

  1. #21
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    Re: Economy Grows by Most in a Decade on U.S. Consumer-Spending Gain

    Quote Originally Posted by eohrnberger View Post
    Research is fine, as long as it's not a major spend. Outright subsidies, such as we have seen in the past, shouldn't be the case. For any businesses or industry. I'm against corporate welfare however it's dressed up, unless it's to maintain a level playing field.

    The Import / Export bank, for example. I know that there's government programs in other countries that guarantees and / or insures their businesses against some types of losses when conducting international trade. Isn't the intent of the import / export just to level that playing field?
    Normally I'm against corporate bailout but I do think the huge bailout that took place during the recession was necessary, despite whatever my beliefs are, if those banks failed who knows where the hell we would have been today.

    Also, research should be one of the lesser of the majors so to speak. There are tons of things we are using the money for right now that could definitely go to research instead.
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  2. #22
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    Re: Economy Grows by Most in a Decade on U.S. Consumer-Spending Gain

    Quote Originally Posted by eohrnberger View Post
    The innovation isn't going to come from the large scale commercial green sector, on that I think we agree.

    Where we probably diverge is the idea that government can influence the free market (relatively free) to such an extent that will make these green technology projects economically viable on their own, as opposed to, and historically the case, dependent on government life support (endless supply of free or nearly free government money).

    The first economically viable green energy technology, one that can turn a profit on it's own by it's own merits, is going to have the entire world at their door wanting to buy it. It's at that point, where that particular technology will be successful, and only at that point, will be able to displace the older technology. Until that point, it'll remain a niche market player appealing to those who want to spend more for less, which is an extremely small market.
    I don't think we diverge so much as we have a different thought process. The US has a housing stock surplus. The greenest house is one that is already built. I would welcome the government doing more to spur people to acquire these properties, upgrade them, add in what green they can, and wait for the technology to evolve. The profit from the volume of sales of on demand hotwater, solar assist heating, radiant floor heating with geothermal or solar preheating, etc, would spur development of newer technologies in those areas.

  3. #23
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    Re: Economy Grows by Most in a Decade on U.S. Consumer-Spending Gain

    Quote Originally Posted by Luftwaffe View Post
    Normally I'm against corporate bailout but I do think the huge bailout that took place during the recession was necessary, despite whatever my beliefs are, if those banks failed who knows where the hell we would have been today.

    Also, research should be one of the lesser of the majors so to speak. There are tons of things we are using the money for right now that could definitely go to research instead.
    The TARP program, well, what can you say about that, it was that or a 10 times worse recession. But still, I think that more of the banks that created the hole should have been far more seriously dinged for that. As it was, we ended up with the Wall Street bailout and no Main Street bailout. Wall Street is probably fully recovered. Main Street is still hurting. Best government money can buy.

    I still think that a Glass-Stegall type of separation / firewall should be re-instituted and enforced. Isolate the rich investment high risk sector from the commercial corner bank sector. When one funds the risk of the other, the whole house of cards comes down in bad times, as we've seen.
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    Re: Economy Grows by Most in a Decade on U.S. Consumer-Spending Gain

    Quote Originally Posted by Tettsuo View Post
    Economy Grows by Most in a Decade on U.S. Consumer-Spending Gain - Bloomberg



    More good news!

    Oh wait... this can't be true if it's good for Obama. [/FONT][/COLOR]
    Good news for who?

    More Americans than ever before are not working: 92 million people out of the workforce | Daily Mail Online
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Economy Grows by Most in a Decade on U.S. Consumer-Spending Gain

    Quote Originally Posted by Declan View Post
    I don't think we diverge so much as we have a different thought process. The US has a housing stock surplus. The greenest house is one that is already built. I would welcome the government doing more to spur people to acquire these properties, upgrade them, add in what green they can, and wait for the technology to evolve. The profit from the volume of sales of on demand hotwater, solar assist heating, radiant floor heating with geothermal or solar preheating, etc, would spur development of newer technologies in those areas.
    Hmm. Now that's an interesting idea. The existing technologies that you mention are as old as the Romans (BTW).
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    Re: Economy Grows by Most in a Decade on U.S. Consumer-Spending Gain

    Quote Originally Posted by Declan View Post
    an unbalanced budget, unstated long-term national debt of $100T, and a stated national debt of $18T with interest only payments lead me to a different conclusion than you.
    You didnt say that though. You endorsed big spending, and the then taking more as we overcame it.

    no amount of growth will suffice as far as the FedGov is concerned.

  7. #27
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    Re: Economy Grows by Most in a Decade on U.S. Consumer-Spending Gain

    Anyone who is not part of the HUGE baby boomer generation (in your article it even hints towards said generation and older generations when it says "aging population").

    The baby boomers are reaching their 70s, the reality is that they can't really work anymore, and they are a big generation.
    -----MOS 19D = cavalry scout = best damn MOS there is

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