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Thread: Report: Economists Say Recession Over, Want Bernanke to Stay

  1. #121
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    Re: Report: Economists Say Recession Over, Want Bernanke to Stay

    Quote Originally Posted by phattonez View Post
    They shouldn't. They should have let us do with the money what we wanted.
    Not sure what you are talking about!
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  2. #122
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    Re: Report: Economists Say Recession Over, Want Bernanke to Stay

    Quote Originally Posted by stekim View Post
    Not sure what you are talking about!
    That the bailout of these companies was still a waste of money because that money could have been even more productive if left with the people.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  3. #123
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    Re: Report: Economists Say Recession Over, Want Bernanke to Stay

    Quote Originally Posted by phattonez View Post
    That the bailout of these companies was still a waste of money because that money could have been even more productive if left with the people.
    Left with what people? They didn't take the money from the people. Further, assuming that we were on the brink of financial armageddon, "leaving it with the people" would not have helped the people. But again, it wasn't their money anyway.
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  4. #124
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    Re: Report: Economists Say Recession Over, Want Bernanke to Stay

    The government did not spend our money? Then whose money did it spend?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  5. #125
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    Re: Report: Economists Say Recession Over, Want Bernanke to Stay

    Quote Originally Posted by phattonez View Post
    The government did not spend our money? Then whose money did it spend?
    They borrowed it. Your taxes were already spent and then some. In the event the TARP money is not paid back you will ultimately be on the hook. If it is paid back, you spent nothing.
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  6. #126
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    Re: Report: Economists Say Recession Over, Want Bernanke to Stay

    Quote Originally Posted by stekim View Post
    They borrowed it. Your taxes were already spent and then some. In the event the TARP money is not paid back you will ultimately be on the hook. If it is paid back, you spent nothing.
    They borrowed it. So then, that means that there was less capital available for us to use. So then, we can't invest right now as we wanted to. We would have invested in companies that would have given us even greater profits if we were available to that capital.

    We may not have directly paid, but there is always a cost associated with government spending.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  7. #127
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    Re: Report: Economists Say Recession Over, Want Bernanke to Stay

    Quote Originally Posted by phattonez View Post
    They borrowed it. So then, that means that there was less capital available for us to use. So then, we can't invest right now as we wanted to. We would have invested in companies that would have given us even greater profits if we were available to that capital.

    We may not have directly paid, but there is always a cost associated with government spending.
    Buy low sell high.

  8. #128
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    Re: Report: Economists Say Recession Over, Want Bernanke to Stay

    ^^What are you trying to say? The government profited so we can simply ignore any negative consequences of their actions?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Report: Economists Say Recession Over, Want Bernanke to Stay

    Quote Originally Posted by phattonez View Post
    ^^What are you trying to say? The government profited so we can simply ignore any negative consequences of their actions?
    If there is a profit what are the negative consequences?

  10. #130
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    Re: Report: Economists Say Recession Over, Want Bernanke to Stay

    Quote Originally Posted by phattonez View Post
    They borrowed it. So then, that means that there was less capital available for us to use.
    How?

    So then, we can't invest right now as we wanted to. We would have invested in companies that would have given us even greater profits if we were available to that capital.
    I think you are even losing yourself now.
    Wow. Am I awesome or what?

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