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Thread: Summers says U.S. economy's freefall has ended

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    Re: Summers says U.S. economy's freefall has ended

    The appropriate response would have been to take steps to boost economic activity (tax cuts and targeted incentives), and make it clear all deposits covered by the FDIC were safe, maybe even increasing the limit to 500k.
    The FDIC does not have enough funding to handle a single bank failure, much less failure on the level that could have (and could still) happen from this crisis.

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    Re: Summers says U.S. economy's freefall has ended

    Quote Originally Posted by Khayembii Communique View Post
    The FDIC does not have enough funding to handle a single bank failure, much less failure on the level that could have (and could still) happen from this crisis.
    ...nor do the Federal or State Governments.

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    Re: Summers says U.S. economy's freefall has ended

    ...nor do the Federal or State Governments.
    I don't see what's so good about that.

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    Re: Summers says U.S. economy's freefall has ended

    Quote Originally Posted by Khayembii Communique View Post
    I don't see what's so good about that.
    When did I ever argue it was good? Or have I suggested that it is good when the Federal Government enters into fear mongering for purely partisan political reasons promoting a vast Liberal Socialist agenda to avoid honest debate and promote a budget that has now put generations of Americans into deep debt without a single debate how to pay for it?

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    Re: Summers says U.S. economy's freefall has ended

    Quote Originally Posted by Khayembii Communique View Post
    The FDIC does not have enough funding to handle a single bank failure, much less failure on the level that could have (and could still) happen from this crisis.
    Funny, we don't have the money to cover a single bank failure, but we could afford to spend 1.85 trillion? I think not.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Summers says U.S. economy's freefall has ended

    When did I ever argue it was good?
    You put one of these guys next to it:

    How was that supposed to be interpreted?

    Funny, we don't have the money to cover a single bank failure, but we could afford to spend 1.85 trillion? I think not.
    I said that the FDIC doesn't have the funding, not the government.

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    Re: Summers says U.S. economy's freefall has ended

    I'd say that this is the part of the Pirates of the Caribbean Ride where you get to view the pirates enjoying their raping and pillaging but before the sudden water slide drop to the bottom (sorry, you Disney World fans just miss out).

    Have we seen the HUGE inflation spike all the infused wet-ink cash has to cause yet?

    No?

    Then we ain't near the bottom yet.

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    Re: Summers says U.S. economy's freefall has ended

    OK so we're entering the malaise period...
    After that is major inflation.
    Before either occur though--> Obama has a few trillion more he wants to spend.
    Next up trillions in spending for substandard government run health care..yay!

    Face it folks..he's not even trying to save or lower spending. At this point I think his intent is to spend so much that none of us will be able to get out form under the governments direct meddling in our lives.



    Obama's spending is likely to be the big negative remarked upon for the next 30 years in US politics. Nobody is going to want to be accused of backing spending like Obama did.

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    Re: Summers says U.S. economy's freefall has ended

    Quote Originally Posted by MrVicchio View Post
    NONE were needed, not even the idiotic ones Bush was scared ****less into making happen.

    America has no backbone for pain, or discomfort and people, like sheep panic'd so the "government" had to do something.

    All that was needed was some leadership in Washington and the spine to say "Okay, this sucks, it's gonna suck, but we can move forward from here".

    you really don't have a freaking clue, do you?

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    Re: Summers says U.S. economy's freefall has ended

    Quote Originally Posted by Triad View Post
    OK so we're entering the malaise period...
    After that is major inflation.
    Before either occur though--> Obama has a few trillion more he wants to spend.
    Next up trillions in spending for substandard government run health care..yay!

    Face it folks..he's not even trying to save or lower spending. At this point I think his intent is to spend so much that none of us will be able to get out form under the governments direct meddling in our lives.



    Obama's spending is likely to be the big negative remarked upon for the next 30 years in US politics. Nobody is going to want to be accused of backing spending like Obama did.
    CHANGE we can all believe in; OH YEAH!

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