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Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

collapse is "eminent?"

LOL!

i'm afraid the 30's is US, the 30's is HERE

even at applebees

LOL!

we clearly needed MORE stimulus

that way unemployment could finally get to that EIGHT POINT NINE we all need

so we can start to pay down that ONE TRIL OF SERVICE per year

sure, all those COHERENT stabilizers

why, they're working today, even as we speak

ESPECIALLY at applebees!

have you tried the RIBS?
 
No... my prediction that you would revert to your usual infantile MO and do everythng you can, for pages and pages, to avoid proving your claim.

You're doing a great job -- don't stop on my account.

(That's post #5, BTW)

Your prediction is not relevant to the discussion. Given your lack of knowledge, insight, and experience in regards to such subjects, i'll give you a pass and forgive your envy. It must truly be hard to be so ingrained to an ideology of which has little basis in the real world.

My opinion that another depression would have emerged is shared by many of the foremost economic and financial minds on the planet. So there is no burden of proof. You can accept my opinion and argue why you believe it to be false, or not. The choice is yours.

But given your post history, you have no intention to do so.
--------------------------------------------------------------

FWIW

“There was a time when the credit markets had essentially frozen and when blue chip industrial companies were having trouble raising money,” Paulson said in an interview today on Bloomberg Television. “I knew then we were on the brink.”

“We easily could have had unemployment of 25 percent,” he said. “That would have meant millions of additional jobs lost, millions of additional homes lost, trillions more lost in savings. It would have been terrible.” “In this country, none of us like bailouts,” he said. “I hated the things we had to do. But they were far better than the alternative.”

“The credit crisis couldn’t have come at a worse time,” Paulson said, because members of Congress were reluctant to vote for helping the financial institutions, he said.

“When the markets froze, I knew with certainty we were going to see this negative impact many weeks down the road,” Paulson said. “But many members of Congress hadn’t yet seen it in their districts.”

Paulson Says U.S. Was ?Close? to Financial Collapse (Update3) - BusinessWeek
 
collapse is "eminent?"

LOL!

i'm afraid the 30's is US, the 30's is HERE

even at applebees

LOL!

we clearly needed MORE stimulus

that way unemployment could finally get to that EIGHT POINT NINE we all need

so we can start to pay down that ONE TRIL OF SERVICE per year

sure, all those COHERENT stabilizers

why, they're working today, even as we speak

ESPECIALLY at applebees!

have you tried the RIBS?

Another failed attempt to respond to my question:

So ill ask again. Why the high demand for US treasuries?
 
Your prediction is not relevant to the discussion.
That's post #6.
-Still- waiting for you man up and prove your claim.

But. given your post history, its clear you have no intention to do so - and thus, my prediction.
 
Last edited:
That's post #6.
-Still- waiting for you man up and prove your claim.

But. given your post history, its clear you have no intention to do so - and thus, my prediction.

Claim? It is a matter of opinion. You are more than welcome to state why i am wrong.
 
Claim? It is a matter of opinion.
You are more than welcome to state why i am wrong.
That's post #7.
Keep on going there, bud -- you're doing a -tremendous- job of proving me right.
 
That's post #7.
Keep on going there, bud -- you're doing a -tremendous- job of proving me right.

You are doing a tremendous job at trolling your thread. Again.... If you do not agree with my opinion, you are welcome to refute it.
 
why the collapse despite the stabilizers?

why the collapse so deep?

despite the stabilizers?

why 8.9?

why ONE TRIL PER YEAR by around 2015?

why the roofless reconstruction of fannie and fred?

why no bottom in sight for foreclosures?

why jobless claims still rising?

why the party's dumping of the second stimulus?

why their renaming the first?

because thousands of climatologists around the world agree?

at applebees?

despite all those coherent macro stabilizers?

not good, doctor

the times are just not good

the macro stabilizers, despite their coherence, certainly appear to have failed

50 years of deficit spending...

tsk tsk

it appears that bills come due
 
You are doing a tremendous job at trolling your thread.
That's post #8

And you are doing a tremendous job, again, of doing all you can to avoid having to prove your claim.

Just as I predicted.
 
That's post #8

And you are doing a tremendous job, again, of doing all you can to avoid having to prove your claim.

Just as I predicted.

You predicted? :lamo

Commenting on an alternative reality is a matter of opinion, and therefore cannot be proved. I really do pity you....
 
why the collapse despite the stabilizers?

Financial systems began to collapse, which leads to.... Ya know.

why the collapse so deep?

Considering the default situation and lack of monetary velocity, it could have been much worse.

despite the stabilizers?

Stabilizers are meant to help smooth the business cycle, not prevent against corrections.


The Fed currently uses a model in which they implement monetary policy that is adaptive of the Phillips curve. A 1% fall in unemployment will signal inflation expectations.

why ONE TRIL PER YEAR by around 2015?

That is how much it will cost. :2razz:

why the roofless reconstruction of fannie and fred?

To stabilize demand.

why no bottom in sight for foreclosures?

You got this from Case Shiller?

why jobless claims still rising?

Productivity is rising in accordance. As we see the marginal product of capital experience diminishing returns, employment will increase.

why the party's dumping of the second stimulus?

They are not economists.

why their renaming the first?

Not a clue.

because thousands of climatologists around the world agree?

:confused:

at applebees?

How about Casino Aztar!

despite all those coherent macro stabilizers?

Remember cyclical smoothing?
 
The last time the financial system collapsed was????? Hint: not 1980.

It did not collapse now either.

Why Obama Is Leaving the Reagan Era Behind When It Comes to Economic Policy - US News and World Report

When Ronald Reagan took office in 1981, he, too, referred to the fiscal crisis he inherited as "the worst economic mess since the Great Depression." After several years of sagging productivity and deteriorating confidence, millions of workers were unable to find jobs. The unemployment rate, climbing past 7 percent, was almost exactly the same as it was when Barack Obama was sworn in. Economists were fretting about the long-term consequences of the soaring national debt, then approaching $1 trillion.

While there was no Wall Street meltdown or housing crisis to confront, the Reagan-era economy, teetering on the brink of recession, was beset by another seemingly insurmountable problem: out-of-control inflation, which was making it difficult for workers to pay for goods and services. "If we get the economy in shape, we're going to be able to do a lot of things," Reagan wrote to a friend after defeating Jimmy Carter. "If we don't, we're not going to be able to do anything."

As similar as the economic challenges facing Reagan and Obama may sound, the fiscal solutions proposed by the two presidents could not be more different. In his first 100 days, Obama has gone on a Keynesian spending spree, raising taxes on the highest-income earners and pouring money into energy, healthcare, and a massive stimulus bill. Reagan took the opposite path during his first few months in office, pushing through the biggest tax cuts in history, while massively increasing the defense budget.
 
It was not close. Your spewing Obama fear mongering talking points. As The link I used points out it was very close to Reagan.

Nope!

The last time short term treasury yields were 0% was???? That's right, 1930's. The entire world braced for impact and luckily Ben began printing like a mad man. While i fault the stimulus for being puny, it was better than no stimulus.

And to be entirely technical, short term treasuries were in a state of negative yields first quarter 2009. That has never happened before.
 
What proof we would have been in a depression? This recession is much closer to the Reagan Carter recession than it is to the depression.

Why do you think this recession is closer to the Reagan Carter one rather then the depression?

It could very well be due to the massive governmental stimulus that has been enacted from a rather early point in the economic crisis.

Or more to the point, what do you think would have happened to the economy without the government spending that has led to the massive deficit
 
the stimulus wasn't big enough

8.9% unemployment will lead us out

we'll pay the one tril per year with inflation

and tax hikes

while steady growth continues

fannie and fred were raised roofless because the expectation is foreclosures have bottomed out

50 years of deficit spending have greatly reduced the number and severity of recessions

the macro stabilizers are coherent and effective

lines are out the door at applebees

LOL!
 
Yes! Please!

Waiting for proof of this claim:

Remove a minimum of $1.3 trillion in spending in the US econom

What do you think would happen.

More job loss's, more foreclosures, leading to more people being underwater on their mortgages, leading to more bank loss's and further declines in lending

Overall creating a downward spiral, when it would stop is unclear but it certainly would have been far worse then what the US has experienced so far
 
the stimulus wasn't big enough

8.9% unemployment will lead us out

we'll pay the one tril per year with inflation


and tax hikes

while steady growth continues

fannie and fred were raised roofless because the expectation is foreclosures have bottomed out

50 years of deficit spending have greatly reduced the number and severity of recessions

the macro stabilizers are coherent and effective

lines are out the door at applebees

LOL!

Yes, I would be expecting inflation to come roaring back into the US economy.
 
that's what happens when the dollar collapses

despite the presence of decades of stabilizers

LOL!
 
the stimulus wasn't big enough, 8.9% unemployment will lead us out, we'll pay the one tril per year with inflation, and tax hikes, while steady growth continues, fannie and fred were raised roofless because the expectation is foreclosures have bottomed out, 50 years of deficit spending have greatly reduced the number and severity of recessions, he macro stabilizers are coherent and effective, lines are out the door at applebees

LOL!

8.9% unemployment will (IMHO) begin to tell the tail of inflation, and therefore monetary stimulus will begin to be retracted. I also believe once the initial rate hikes begin, the Fed will begin taxing banks on their excess reserves. Time will tell.

BTW, deficits do not create economic growth, but during economic contractions can most definitely smooth business cycles dynamism.
 
that's what happens when the dollar collapses

despite the presence of decades of stabilizers

LOL!

Where does this sentiment come from? The dollar is going to collapse? If so, then why are you on a message board and not in Hawaii, Jamaica, Aruba, etc... living up the last days of pre greater depression society?;)

If i shared your sentiment, that's exactly where i'd be!
 
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