Neither. You don't stimulate the economy through spending. Just do what you want to do. If everyone does that, then the economy will start responding to our needs.
I can't really argue with that... although I would add that when a section of the economy falls so deeply into fraud and/or corruption that it can no longer sustain itself, it must be allowed to fail
And profits are not a bad thing.
No not at all, it's not the profits that are bad, it's 'padded profits', fraudulent profits, and the attitude of do whatever it takes to get extra profits
Wow Bman, whatever you're smoking, pass it this way
Not a word of this has anything to do with what I posted
What I posted is this
Which mirrored almost verbatim (what turned out to be a different article) that made the same point but continued to say that 2.x trillion dollars HAD IN FACT been spent.
Not sure where I said faceless bankers should have been the recipient of $2 trillion
Anybody who takes this seriously is just grasping at whatever they can find to support a position they already hold
This implies that you support the bill and that anyone that opposes this is just 'grasping at whatever they can find to support a position they already hold'.
Not sure where I said the bailouts would stimulate the economy
By implying your support, it's also implied that you would expect the implied result of economic stimulus.
Where did this come from?
C-span coverage of senators asking questions of Bernanke over 2 seperate occasions... it's on record, but I simply paraphrased. (out of laziness to find the 2 specific occasions that back and forth represents). It was intended to illustrate ... I'm not even sure the word... but the type of teeth pulling you gotta go through to get any information about this...
The point is : A NON-Governmental private, run for profit entity that hasn't been audited since it's inception when questioned on what it's doing with tax money says that they are transparent, but at the same time will not answer any direct questions on the subject, or will redirect the person to a brick wall. Worse, when threatened with audit (much like when the bailout was first talked about) the federal reserve threatans MARTIAL LAW IN AMERICA as well as THE COLLAPSE OF THE ECONOMY if things are not done their way.
So... how do you want to call that : terrorism, robbery, extortion??? Bottom line these are complete criminals ... piont being you can search yourself for the video of bernanke questioned about bailout funds or something similar, and see just the rediculousness of these guys when they are confronted... seriously it's about comparable to a kid caught with his hand in the cookie jar... and the stupid thing is we actually buy the story that he wanted to make sure that you didn't take them all.
Sorry... /end rant
Agreed
:shock:
Not sure where I talked about bankers at all, let alone called their actions a good thing
Ya know, you're not in the same league as mikeey when it comes to utterly perplexing posts, but with some practice I thing you can give him a run for his money (<3 mikeey)
Here's the logic :
1 - The way things were phrased showed implied support for the bill and that there was no actual money spent
2 - I thought it was the same article I had read just earlier (turned out to be a similarly worded, but different article) that said that 2.x (3 or 4) trillion had been spent.
3 - The federal reserve commited an act of what amounts to a terrorist act, threatening a military takeover of the US... yet more publicly threatening an utter collapse of the economy... "2000 pts this week and 4000 pts next week" (about the DOW Jones)
4 - The level of secrecy involved in this money which is tax payer money directly is another show of shady behavior gong on behind closed doors.
So, while this things may SEEM unrelated, that are all parts of the same object and should be covered and discussed in a holistic way... this was first called a 'banker' bailout... and the private bank that prints the money is just the top dog of these banks and is secretly 'sorting out everything' for the 'publics' best interest???? And in SECRET at that?? and you seriously expect these guys that made it to the top by being cutthroat businessmen that would cut loose their own child if it meant extra profits for themselves to have the general best intersts at heart??
Look, I am sorry I misconstrued your position... this is a VERY BIG issue to me, since this LITTERALLY represents the 'fascification' of america (I know that's not a word, but the meaning would be 'the act of turning fascist'
)
Seriously though, 23 trillion dollars is actually quite easy with 'fractional reserve' banking, so, even IF only 800 billion dollars of taxpayer money was used, and that the banks can all leverage that out 10X (OR MORE) and create enough fake debt to pretty much buy up every asset in america... then move offshore and send paramilitary hit squads to take care of anyone that objects after there's nothing left. That's kinda like what the IMF does to third world countries on a regular.
