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Thread: Senate passes Obama's economic recovery plan

  1. #11
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    Re: Senate passes Obama's economic recovery plan

    Quote Originally Posted by Reverend_Hellh0und View Post
    i don't think so. I think people will see right through this. only 37% supported porkzilla
    Yes but the market will rebound. The true question is do you make it painfully quick, stagnatingly slow, or at the expense of much higher prices?

    The slow option is going to be favored by those (politicians) who look to others (voters) for job security. Congress doing nothing will cost both the president and themselves their positions come 4 years. Congress acting but underachieving (not reaching their goal) might allow them and the president another go at it.

    The sad part is, if companies were allowed to fail, we would be out of this mess rather quick as private money would leap from the sidelines gobbling up all instances of value. What would you rather have, someone taking your liver out with a few swift blade strokes, or a prolonged, although less painful removal that lasts a week?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Senate passes Obama's economic recovery plan

    Quote Originally Posted by Gibberish View Post
    Economic support issue polls are always low due to the fact that a majority of the country doesn't understand a damn thing about how to stimulate a failing economy.

    They think saving and not spending money is what you do when an economy is falling.
    There is not nearly enough stimulation in that bill! $30 billion on infrastructure, and only $6 billion by 2010?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Senate passes Obama's economic recovery plan

    Quote Originally Posted by Reverend_Hellh0und View Post
    How do you "stimulate" the economy? STD funding? Green projects? there is little stimulous in porkzilla.
    Actually there is a ton of stimulus in the plan. Every project puts money back into the market. Though some of the items could have been either removed or planned better (STD spending for example), they will still have an effect.
    "Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."
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    Re: Senate passes Obama's economic recovery plan

    Quote Originally Posted by Goldenboy219 View Post
    Yes but the market will rebound. The true question is do you make it painfully quick, stagnatingly slow, or at the expense of much higher prices?

    The slow option is going to be favored by those (politicians) who look to others (voters) for job security. Congress doing nothing will cost both the president and themselves their positions come 4 years. Congress acting but underachieving (not reaching their goal) might allow them and the president another go at it.

    The sad part is, if companies were allowed to fail, we would be out of this mess rather quick as private money would leap from the sidelines gobbling up all instances of value. What would you rather have, someone taking your liver out with a few swift blade strokes, or a prolonged, although less painful removal that lasts a week?



    Absolutley correct sir.
    Let evil swiftly befall those who have wrongly condemned us

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    Re: Senate passes Obama's economic recovery plan

    Quote Originally Posted by Goldenboy219 View Post
    There is not nearly enough stimulation in that bill! $30 billion on infrastructure, and only $6 billion by 2010?
    I never said the plan was perfect. The plan can be massaged and tweaked moving forward. The objective was to get the spending approved. Now negotiations and planning needs to take place on how and where to spend in each project.
    "Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."
    - Warren Buffett

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    Re: Senate passes Obama's economic recovery plan

    Quote Originally Posted by Gibberish View Post
    Actually there is a ton of stimulus in the plan. Every project puts money back into the market.
    Considering every cent of it will be borrowed, it will take the money out before it puts any back in.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: Senate passes Obama's economic recovery plan

    Quote Originally Posted by Gibberish View Post
    I never said the plan was perfect. The plan can be massaged and tweaked moving forward. The objective was to get the spending approved. Now negotiations and planning needs to take place on how and where to spend in each project.
    They need 10 times that amount on infrastructure, and they needed it yesterday. Get with the program man...
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Senate passes Obama's economic recovery plan

    Fire up the printing presses, boys!
    From the ashes.

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    Re: Senate passes Obama's economic recovery plan

    Quote Originally Posted by Goldenboy219 View Post
    And as the market eventually self corrects, the democrats will be there to claim victory.

    "Because of our economic recovery act, the US is now out of the worst depression since the depression" ~Democratic Senator~ 2017
    Based on the numbers published by the CBO I believe this will happen as well.

    FDR repeat.

    Sometimes it feels like a conspiracy theory unfolding before my eyes. The collectivization in this bill is subtle but added with the open and apparent bills being passed it feels as if we are moving into a fascist state.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: Senate passes Obama's economic recovery plan

    Quote Originally Posted by Harshaw View Post
    Considering every cent of it will be borrowed, it will take the money out before it puts any back in.
    None of it is taken out before hand. They aren't sending everyone a bill to be paid before the money is used. It will just be printed and made up like the money actually exists. In the immediate it will appear as if the money came out of no where and will be a bill later when the economy can afford to pay it again.

    I really need to get me one of this government money making machines.
    "Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."
    - Warren Buffett

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