Page 26 of 63 FirstFirst ... 16242526272836 ... LastLast
Results 251 to 260 of 628

Thread: LA Times: Obama stimulus spending: $246,436 per new job

  1. #251
    Banned
    Join Date
    Sep 2009
    Last Seen
    01-21-10 @ 02:59 PM
    Lean
    Undisclosed
    Posts
    744

    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by misterman View Post
    Is credit hard to get now because the government has all the paper though?
    Yes, it is.

    Private banks are waiting out the government, this is a time of insecurity, no one knows what will come out of congress, H.C, Cap and Trade, the new taxes on the way, etc.

  2. #252
    Sage
    misterman's Avatar
    Join Date
    Nov 2009
    Last Seen
    02-09-12 @ 08:41 AM
    Lean
    Undisclosed
    Posts
    12,913

    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by Jackboot View Post
    Yes, it is.

    Private banks are waiting out the government, this is a time of insecurity, no one knows what will come out of congress, H.C, Cap and Trade, the new taxes on the way, etc.
    This isn't about banks, it's about their customers. Is there a shortage of money to borrow?

  3. #253
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 07:50 PM
    Gender
    Lean
    Independent
    Posts
    16,256

    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by phattonez View Post
    And the problem during a recession is that credit is hard to come by right?
    A problem? Yes, but not the only problem and providing liquidity (as we can clearly see) is not a magic bullet. We recently experienced the greatest credit crunch in history; not even the one experienced from 1929 compares. Although the GD was more of a liquidity crunch.

    Well what would be the function of an increase in savings? With free banking, would that make loans easier to get again?
    You are making another error assuming liquidity is currently a problem. The banks are lush with reserves in which to make loans, the problem arises from credit worthy borrowers, possible declines in asset value, among other things. The rational consumer does not want to overpay, just as the rational lender does not want to face default (write downs are all to common now).

    The key is jobs! I myself was calling for a stimulus in line with $1 trillion directed primarily towards infrastructure last year.... If you undershoot the first one, it only makes the following stimulus more expensive. Keep in mind the US is auctioning debt at what can be considered a serious discount.
    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

  4. #254
    Banned
    Join Date
    Sep 2009
    Last Seen
    01-21-10 @ 02:59 PM
    Lean
    Undisclosed
    Posts
    744

    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by misterman View Post
    This isn't about banks, it's about their customers. Is there a shortage of money to borrow?
    It is all about the banks, and the banks are keeping their powder dry.

    There are customers, but business is slow, and the government is making it impossible for banks to make informed decisions about whether to lend or not!

  5. #255
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    12-05-17 @ 03:45 PM
    Gender
    Lean
    Other
    Posts
    20,072

    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by misterman View Post
    Excuse me. But I think you knew what I meant. Sorry for being not boring when I write.
    So every company is failing during a recession? Realllllllllllllllly?

    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

  6. #256
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 07:50 PM
    Gender
    Lean
    Independent
    Posts
    16,256

    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by phattonez View Post
    So every company is failing during a recession? Realllllllllllllllly?
    That is a straw man and you know it.
    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

  7. #257
    Sage
    misterman's Avatar
    Join Date
    Nov 2009
    Last Seen
    02-09-12 @ 08:41 AM
    Lean
    Undisclosed
    Posts
    12,913

    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by Jackboot View Post
    It is all about the banks, and the banks are keeping their powder dry.

    There are customers, but business is slow, and the government is making it impossible for banks to make informed decisions about whether to lend or not!
    But the claim was that the government was borrowing all the money so private borrowers can't. I was refuting that.

  8. #258
    Sage
    misterman's Avatar
    Join Date
    Nov 2009
    Last Seen
    02-09-12 @ 08:41 AM
    Lean
    Undisclosed
    Posts
    12,913

    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by phattonez View Post
    So every company is failing during a recession? Realllllllllllllllly?
    You knew what I meant. You're not that dumb. It's really petty and pathetic of you to pretend to be stupid just to score a cheap point.

  9. #259
    Banned
    Join Date
    Sep 2009
    Last Seen
    01-21-10 @ 02:59 PM
    Lean
    Undisclosed
    Posts
    744

    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by misterman View Post
    But the claim was that the government was borrowing all the money so private borrowers can't. I was refuting that.
    That is still the claim, they are.

  10. #260
    Sage
    misterman's Avatar
    Join Date
    Nov 2009
    Last Seen
    02-09-12 @ 08:41 AM
    Lean
    Undisclosed
    Posts
    12,913

    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by Jackboot View Post
    That is still the claim, they are.
    Can you back that up with evidence? Link?

Page 26 of 63 FirstFirst ... 16242526272836 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •