Are you coming to bed?
I can't. This is important.
Someone is WRONG on the internet! -XKCD
Enough is enough with the spending. Our deficit is going to baloon to the point that it will take five dollars to equal a euro.
Europe is in the midst of disaster, only, they do not realize.
I'm sorry but you would have to literally either be an idiot or clinically insane to believe that a 3rd stimulus would benefit America.
I didn't say the buildup to WWII wasn't a stimulus to the economy, it most certainly was. I'm saying it wasn't a government stimulus plan, and yes, there is a difference.Really. How was it not a stimulus?
Perception is arguably more important to economic recovery than the actual spending. WWII provided Americans - employers and employees alike - with three crucial elements for economic growth:
1. Unity of purpose.
2. A tangible and real demand for products and services.
3. A sustainable method for supplying those products and services.
Government stimulus plans lack all three of these components. But let's, for the sake of argument, assume that any old spending will do and that a stimulus plan which mirrors the spending plan of WWII would result in a successful economic recovery commensurate with the recovery of the 1940's.
As a percentage of GDP we'd have to spend around 30-40% over approximately five years in order to replicate the kind of spending that was characteristic of WWII .
So, unless you plan on spending approximately 5 trillion dollars per year for the next five years, I don't think you've got much of an argument.
 - The National Budget, Debt & Deficit
Yes, and they also like to tell people how those POLICIES will work in THE FUTURE. Since you and I both know they cannot predict THE FUTURE we must disregard their advice as nothing more than a self-serving opinion.Most economists prefer to discuss POLICIES. There is a bit more to the profession than what you see on Mad Money.
Last edited by Ethereal; 07-07-09 at 05:57 PM.
Of course, since they have no crystal ball and cannot predict the results of their policy pontifications with any greater accuracy than the rest of us, they are of damned little use in dealing with a recession.
They make great historians and passable analysts, but they're useless for just about everything else.
There's not a shred of evidence that it's going to be shorter.
Given that your Messiah is doing absolutely everything he can to make it last as long as possible, and it's perfectly possible that we won't come out of it at all.
When he's finished destroying our automobile industry, how does anyone in America start up something to compete with Toyota or Yugo? Tariifs, trade embargos, sanctions? How?
When he's finished destroying the US health care industry, how does it recover? More spending? From what source, since we're spending on someone else's credit now? And spending on what?
When the nation finally discovers that it's simply impossible to generate efficient terawatts of power from nature's blowjobs, how do we restart the industries your Messiah destroyed?
Right now, the nation is outsourcing unskilled labor.
What happens when the nation's engineers start learning Mandarin and emigrating?
I thought a good blowjob involved sucking.
I'm already gearing up for Finger Vote 2014.
Just for reference, means my post was a giant steaming pile of sarcasm.