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Thread: Geithner to Reassure China U.S. Will Control Deficits

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    Re: Geithner to Reassure China U.S. Will Control Deficits

    Quote Originally Posted by TheHat View Post
    I am against nationalization of the markets period. The government has proven time and time again, it cant run anything effectively, except the military. I have worked for government and all I can say is WOW, the idea of them taking over companies and trying to run them is laughable.
    If the government can buy toxic assets and ease the debts of the firms, aswell as ensuring that these companies are run more effectively in the future by placing, perhaps, a government financial spectator, then there is no reason to nationalize all these companies.
    "If religious instruction were not allowed until the child had attained the age of reason, we would be living in quite a different world" - Christopher Hitchens
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    Re: Geithner to Reassure China U.S. Will Control Deficits

    Hummers being manufactured in China should help, right?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Geithner to Reassure China U.S. Will Control Deficits

    Quote Originally Posted by Democrat4life View Post
    And the nationalization of all these things is only to help the American people who cant afford health care, veterans who have PTSD who cant afford health care. So why don't you just stop while your ahead.
    Typical commie-lib.

    VETERANS with combat related health issues don't need to pay for health care. The taxpayer owes it to them.

    Everyone else should buy their own, because NO ONE owes it to them.

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    Re: Geithner to Reassure China U.S. Will Control Deficits

    Quote Originally Posted by Redress View Post
    Don't you think you are jumping the gun a bit here. He is 4 and a half months into his administration, he could very well(I hope) reduce spending in the next 3.5 years.
    Let's see....they're promising to reduce the annual deficit.

    This year The Messiah's deficit is 1.7 trillion dollars. So he could reduce that by a billion or so every year and you'd be happy, right?

    How about "eliminating" deficit spending by cutting spending and cutting taxes to grow the economy? Those ideas are known to work, why isn't your Messiah pursuing them?

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    Re: Geithner to Reassure China U.S. Will Control Deficits

    Quote Originally Posted by kaya'08 View Post
    Are you against Obama nationalizing troubling firms because it only serves to further the problems of the economy, or because its against "American values"? Just wondering.
    One: It's unconstitutional.

    Two: It's a violation of free market economics.

    Three: It's fascism.

    Four: It's still fascism.

    Five: Have you survived the fact that it's fascism yet?

    Six: It's never worked anywhere it's tried.

    Seven: It won't work even if The Messiah passes a miracle.

    Eight: It's morally wrong.

    Nine: If tax payers wanted their money going to GM, don't you think they could have bought a GM car?

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    Re: Geithner to Reassure China U.S. Will Control Deficits

    One: It's unconstitutional.

    Two: It's a violation of free market economics.

    Three: It's fascism.

    Four: It's still fascism.

    Five: Have you survived the fact that it's fascism yet?
    I accept.

    Eight: It's morally wrong.

    Nine: If tax payers wanted their money going to GM, don't you think they could have bought a GM car?
    Lol and Lol.

    Instead of nationalizing the government should buy the debts. I mean massive companies cannot be expected to go down lightly at the end of the day, can they?
    "If religious instruction were not allowed until the child had attained the age of reason, we would be living in quite a different world" - Christopher Hitchens
    > Good to be back, but I'm only visiting for a few weeks. <

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    Re: Geithner to Reassure China U.S. Will Control Deficits

    Quote Originally Posted by kaya'08 View Post
    If the government can buy toxic assets and ease the debts of the firms, aswell as ensuring that these companies are run more effectively in the future by placing, perhaps, a government financial spectator, then there is no reason to nationalize all these companies.
    Why should the taxpayer bail out the banks?

    Why should the taxpayer take the load for someone else's mortgage?

    When does the taxpayer who paid his own mortgage get his money back from all this charity work the government is forcing him to do at gunpoint?

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    Re: Geithner to Reassure China U.S. Will Control Deficits

    Quote Originally Posted by kaya'08 View Post
    Instead of nationalizing the government should buy the debts.
    Why?

    The whole reason limited liability corporations are formed is to limit the liability to the shareholders if something goes belly up. Why should the government get involved at all?

    Quote Originally Posted by kaya'08 View Post
    I mean massive companies cannot be expected to go down lightly at the end of the day, can they?
    Don't see why not. Cars will continue to be made in America when GM's belly up and bloated. There's this company called "Ford", not to mention all the Toyota and other car factories running (without unions) in the United States.

    This whole issue isn't about GM, it's about rescuing the suck-ass union that brought GM down.

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    Re: Geithner to Reassure China U.S. Will Control Deficits

    Why should the taxpayer bail out the banks?

    Why should the taxpayer take the load for someone else's mortgage?

    When does the taxpayer who paid his own mortgage get his money back from all this charity work the government is forcing him to do at gunpoint?
    But this attitude would virtually destroy all the large scale multinational corps that gear the American economy. Jobs need to be saved and important american companies given a helping hand. I dont see why this is so bad? Obama is spending too much, agreed, and some firms are just taking the right piss, and dont deserved to be helped, but we cant just let countless jobs go.
    Last edited by kaya'08; 06-02-09 at 03:39 PM.
    "If religious instruction were not allowed until the child had attained the age of reason, we would be living in quite a different world" - Christopher Hitchens
    > Good to be back, but I'm only visiting for a few weeks. <

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    Re: Geithner to Reassure China U.S. Will Control Deficits

    Quote Originally Posted by Scarecrow Akhbar View Post
    Why?
    Don't see why not. Cars will continue to be made in America when GM's belly up and bloated. There's this company called "Ford", not to mention all the Toyota and other car factories running (without unions) in the United States.

    This whole issue isn't about GM, it's about rescuing the suck-ass union that brought GM down.
    I know what Ford is
    "If religious instruction were not allowed until the child had attained the age of reason, we would be living in quite a different world" - Christopher Hitchens
    > Good to be back, but I'm only visiting for a few weeks. <

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