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Thread: IMF bombshell: Age of America nears end

  1. #21
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    Re: IMF bombshell: Age of America nears end

    Quote Originally Posted by cpwill View Post
    solely responsible?

    no.

    deserving of blame?



    yup.
    Which part of that graph is Obama and which part got bipartisan support? How much of it is the bailouts and how much from TARP? I would be the farm most of the increases are all directly related to the crises he inherited. Knowing this, you think Bush is deserving of blame, as well?

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    Re: IMF bombshell: Age of America nears end

    Quote Originally Posted by whysoserious View Post
    Which part of that graph is Obama and which part got bipartisan support? How much of it is the bailouts and how much from TARP?
    TARP got spent in 2008 under Bush. the Stimulus was in 2009 under Obama and was not "bipartisan" in any meaningful sense of the word.

    I would be the farm most of the increases are all directly related to the crises he inherited. Knowing this, you think Bush is deserving of blame, as well?
    I absolutely do. I was screaming in early 2008 that if he tried to "stimulate" the economy through keyensian economics he would only make things worse (he did, and I was proven right), and then again in late 2008 and early 2009 that we should just change the mark-to-market rules and let the auto makers fail. Then I was screaming that the Obama Stimulus was only Bush's failures writ larger, uglier, and stupider... and so on and so forth.
    Last edited by cpwill; 04-26-11 at 02:46 AM.

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    Re: IMF bombshell: Age of America nears end

    Quote Originally Posted by whysoserious View Post
    You have to be insane if you think a guy who has been in office for 3 years can be responsible for this.
    99.9% of our current situation has nothing to do with Obama.

    On the other hand, he could stop trying to get reelected and take one for the team, by doing the right thing.
    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.
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    Re: IMF bombshell: Age of America nears end

    Quote Originally Posted by Harry Guerrilla View Post
    99.9% of our current situation has nothing to do with Obama.
    I don't think you can say that. Looking at the long-term structural debt, Obamacare has made things much worse, and our huge deficits, high unemployment, and low growth under his administration have hastened the debt crises.

    the Problem was preexistant. Obama just put it on Crack.

    On the other hand, he could stop trying to get reelected and take one for the team, by doing the right thing.
    i think if he were to come out in favor of the Bowles Simpson plan and split the Republican Party he would win reelection handily, actually. Good Policy here is Good Politics...... it's just that for some reason he Can't Resist the cheap and easy thrills of demagoguery. Perhaps it's just in Democrats DNA

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    Re: IMF bombshell: Age of America nears end

    Quote Originally Posted by cpwill View Post
    I don't think you can say that. Looking at the long-term structural debt, Obamacare has made things much worse, and our huge deficits, high unemployment, and low growth under his administration have hastened the debt crises.

    the Problem was preexistant. Obama just put it on Crack.
    I believe that he is a symptom of a larger problem, the people.

    Quote Originally Posted by cpwill View Post
    i think if he were to come out in favor of the Bowles Simpson plan and split the Republican Party he would win reelection handily, actually. Good Policy here is Good Politics...... it's just that for some reason he Can't Resist the cheap and easy thrills of demagoguery. Perhaps it's just in Democrats DNA
    Demagoguery and utopian promises is what wins elections, regardless of party affiliation
    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: IMF bombshell: Age of America nears end

    Quote Originally Posted by Harry Guerrilla View Post
    I believe that he is a symptom of a larger problem, the people.
    well, hell, if that's the model you want to use, he's actually an immunization.

    Demagoguery and utopian promises is what wins elections, regardless of party affiliation
    it can. it has the advantage. but i cannot believe always.

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    Re: IMF bombshell: Age of America nears end

    The basic thing I garner from this story is that America isn't becoming more poor, China is just becoming more prosperous.

    Good for them.

    Why do we need to surpass China? We already have everything we need and much, much more to the extent that we are dying of obesity. Practicing contentment is a good thing.

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    Re: IMF bombshell: Age of America nears end

    This is a stupid discussion. Of COURSE China will pass the US.. India will too!.. they have 3x+ the amount of people living there for peak sake!
    PeteEU

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    Re: IMF bombshell: Age of America nears end

    Quote Originally Posted by PeteEU View Post
    This is a stupid discussion. Of COURSE China will pass the US.. India will too!.. they have 3x+ the amount of people living there for peak sake!
    That doesn't necessarily mean anything.
    Having more people doesn't equate to having a more productive economy.
    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: IMF bombshell: Age of America nears end

    Quote Originally Posted by Harry Guerrilla View Post
    That doesn't necessarily mean anything.
    Having more people doesn't equate to having a more productive economy.
    Of course not, but it depends on the country and what economic situation it is in. When looking at China and India, they have 1+ billion people, and a huge growth potential. So no matter how you slice or dice it, at some point they will pass the US primarily based on the fact that there is 1+ billion people. Just because they are passing the US in overall GDP does not mean they are richer than the US since the only way to compare countries is per Capita GDP, and here both countries are far far behind. But because they have 1+ billion plus people, the GDP per capita only has to be 4ish times less than the US GDP per capita for them to pass the US on over all GDP and that is exactly what is happening. This was bound to happen at some point in time.

    All great economies and "super powers" eventually fall to the side of the road and new emerge.. it has been like that since the dawn of man kind. The Egyptians gave away to the Greeks, who gave away to the Romans, the Romans gave away to the Byzantium and Spanish Empires. The Spanish gave way to the British Empire and the British Empire gave away to the US Empire... and now China is completing the circle almost by regaining the ranking and status it had 4000+ years ago when the world was huge and the Egyptians and Chinese ruled most of the known world and were economic super powers. The only difference in all this, is how long each period lasts..
    PeteEU

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