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Thread: The recession may be over at last so what now? [edited]

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    re: The recession may be over at last so what now? [edited]

    Quote Originally Posted by Albert Di Salvo View Post
    I'm new here. Your post raises an issue for me. Is it ok to be personally rude on DP? What do they say about "he who lives by the sword...?"
    You will see a few people, from both sides of the spectrum, that do not come here to debate.
    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: The recession may be over at last so what now? [edited]

    Quote Originally Posted by Albert Di Salvo View Post
    I'm new here. Your post raises an issue for me. Is it ok to be personally rude on DP? What do they say about "he who lives by the sword...?"
    It depends on who you are.
    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: The recession may be over at last so what now? [edited]

    I would not take a quarter of growth that included cash for clunkers and mortgage handouts a sign that this recession has ended.
    It was the Austrasians, that hewed on bravely through the thick of the fight, it was they who found and cut down the Saracen King.

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    re: The recession may be over at last so what now? [edited]

    Quote Originally Posted by Charles Martel View Post
    I would not take a quarter of growth that included cash for clunkers and mortgage handouts a sign that this recession has ended.
    Watch, as the faux growth you just described becomes the excuse to continue the related spending...

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    re: The recession may be over at last so what now? [edited]

    Quote Originally Posted by Goldenboy219 View Post
    Careful when dislodging your foot from your mouth. It is the Treasury, not the Fed, that issues debt based on the deficit spending of the US government. The Fed uses the purchasing and selling of these specific assets to inject/retract the amount of money within the economy.

    At this point in time, the Fed holds hundreds of billions of dollars in high rated US dollar denominated securities, of which, US Treasuries make up largest piece.
    Again; what is your point?

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    re: The recession may be over at last so what now? [edited]

    Quote Originally Posted by Truth Detector View Post
    Again; what is your point?
    Quit the fear mongering! Also, quit making **** up all the time....
    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: The recession may be over at last so what now? [edited]

    Quote Originally Posted by Goobieman View Post
    Watch, as the faux growth you just described becomes the excuse to continue the related spending...
    Energy bubble, housing bubble, internet bubble which one created a new industry employing more to this day

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    re: The recession may be over at last so what now? [edited]

    You can have a jobless recovery as companies cut unnecessary jobs and improve process efficiency. Reduce costs, improve efficiency, the stock markets look better, GDP can increase.

    Can full employment be sustained? Go back a couple hundred years and people had to work and had to work hard to survive. But we're becoming more efficient all the time. The number of farmers necessary to feed the country lessens as efficiency increases. The number of auto workers to build a car, etc... Some of those that are eliminated will find jobs providing what used to be considered luxury services. But I'm not sure how far that can go. I can envision nearly entirely automated processes in the future eliminating most of the need for labor.

    That's not a bad thing, not really. Gives people more free time to do what they want to. The problem is the transition. As jobs are eliminated by more efficient processes and automation how do you handle unemployment? Those with jobs will enjoy lowering prices and an increase in standard of living. Those without jobs ... well, won't have jobs. Personally, I like the idea of reduced weekly hours. Instead of working 40 hours work 30 hours.

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    re: The recession may be over at last so what now? [edited]

    Quote Originally Posted by Goobieman View Post
    Watch, as the faux growth you just described becomes the excuse to continue the related spending...
    Until demand begins to show overall signs of improvement, governmental demand boosting will continue.

    The question i pose to anyone: Are massive deficits when a country is not in a recession good for the economy?
    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: The recession may be over at last so what now? [edited]

    Quote Originally Posted by winston53660 View Post
    Energy bubble, housing bubble, internet bubble which one created a new industry employing more to this day
    Since I am not sure that I understand your question, I'll let you tell me, and then tell me how it is relevant to what I said.

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