MustangC.

i was reading a thread in H-T politics forum with a list of how much money was going towards what for the bailout. 200 million to "fix up" the nation mall or w/e it is in D.C.

how the ---- is putting 200 million into a mall going to help the economy?

J-SMITH69

it won't duh

they said 20% of the bill is there is actually "bail out" something.

the rest is pork. abortion money, birth control money, global warming research money, the list goes on and on with liberal bullshit

signorelli21

They don't, I have tried to explain to you how they manipulate the numbers such as GDP,CPI and all the other ---- they use to convince morons like yourself that everything is all fine and dandy and we have the strongest economy in the world, obviously it works pretty well, or at least it did.

The people in charge of the Federal Reserve system don't care about the economy at all, but they DO care about how it appears to everyone else, basically how long do you suppose other countries would continue financing our debt if they saw that we were headed for a major recession? How long would the dollar remain the worlds reserve currency if everyone knew that it was virtually worthless and it was backed by nothing? As long as people think ---- is ok the Fed can keep printing money, our stupid ---- officials can keep deficit spending, and joe six pack can keep building houses that will sell for 3 times their real value to all the suckers that think they can afford it.

ghettoturbo

I didnt say you needed to be rich. What I do think you need is some stability, which doesnt happen on its own and will almost certainly not happen if the govt has no role in the economy. With the economy in the *******, less people have jobs, less people can own a home, less people are happy. So i think the govt has some responsibility to keep an eye on the economy to make sure "the american dream" is even possible for the majority of people.

To be honest im not sure what to think about bailouts/stimulus since I think if a business does poorly, it should be allowed to fail. The problem with that is that our economy is wrapped around certain industries so much that letting one or two fail ends up screwing a ton of people.

I dont want the govt controlling everything, but you seem to want them to control nothing and collect zero taxes...which makes no sense. Thats my only argument, I don't pretend to have a solution. Give me the johnny bliss version of what the govt should be...and keep in mind that it needs to work for this century, not just the 1700s.

dragon

thats an oxy moron. Your always complaining about loses money because the dumb liberal loser takes it from you. :P

from now on whenever you complain about money im going to quote you on what you just said.

SkunT

that quote really went right over your head BD.

signorelli21

You understand that the government keeping an eye on the economy is exactly what has put us in our current situation right?

Ironically I was watching the world economic forum on cspan the other day and of all people, Vladamir Putin (prime minister of Russia) said that he thinks government shouldn't intervine in the private sector, we need to get rid of a single reserve currency (the dollar) and that he would be open to disarmarment talks, its ironic in the fact that the former KGB officer and now prime minister of a former communist country is talking about free market solutions and freedom (his speach was very long and he elaborated on lots of other ----) and the western countries are all turning to nationalization to solve their problems.

ghettoturbo

Maybe I'm wrong, but I thought that it was more that they weren't paying enough attention and the companies ran themselves and each other into the ground. I dont see how the govt being involved in the economy caused the stock market to drop and banks to give out loans to people that cant pay them. Enlighten me, I only catch the news from about 730 to 8 before work so I basically just see the weather.

Chris Harris

You wouldnt have a job with the Johnny Bliss Republic...

Guy-Fast

Banking saw the potential to make a fortune in the 90's. Create loans that anyone could qualify for. This would allow people who cant save 100 dollars a month to get into a home. This allowed a false economic growth one based upon credit has homes were valued 2x there true value based on GNP.




Enjoy the run and have the American public believe a home will increase 20 percent in value per year. Las Vegas perfect example had most new track homes that were never lived in after completition even though they were purcahsed a year+ before. The market allowed homes to go up in Vegas on average 20 percent in value per year for way too long. There were miles of track homes owned by realtors/investors who would sit on a property for a year or two with a intrest only loan flip the house and make 100k+. See how this created a false sense of growth.



If it wasn't for adjustable/interest only loans we would have gone into this economic downturn after 9/11. All we did was prolong the fact that we sent our blue collar work force to china. The blue collar work force only survived due to construction that was based on Monopoly money. So Obama in all his ignorance thinks fixing roads for a couple years will save that workforce that will sit unemployed for who knows.



The economy has to naturally makes this downturn to clear out the BS loans and poor credit score homeowners who shouldnt of been in those homes to begin with. Get back to homes being affordable pre 2000 pricing on a standard 30 year fix and we are on that route if Obama keeps his dirty hands out of it.