On 17/01/2010 6:16 PM, Eisboch wrote:
wrote in message
...
On Sun, 17 Jan 2010 16:42:02 -0700,
wrote:

On 17/01/2010 3:20 PM, bpuharic wrote:


working folks just paid for the socialism for the rich

Agreed. Bailouts are socialism for the rich and that is why
Obamanomics
and Democrats are not working to fix the economy. They are 100% in
denial of the basic issues at hand.

it's the only channel for money the rich have left us. the program was
started by bernanke, chairman of the fed under a guy named bush, who
was president for the last 8 years

And Obama could have stopped it, but oh no, he made it BIGGER! $2
trillin in the first year of office, now that sets a record amount of
debt.

ever hear of john maynard keynes?

no. i suppose not. i suggest you read him. even a conservative might
learn something.

you morons caused the economy to collapse. the ONLY institution left
that had any spending power was the govt.



Ever hear of Japan's "Lost Decade"?
Keynesian Economics practiced to the letter by the government of Japan.
It didn't work.

Actually, Japan has never truly recovered. It's economic problems have
persisted
for much longer than a decade. But, our government is now trying exactly
the same thing.

The answer is jobs. Re-vitalize the US manufacturing sector. Institute
tariffs on anything
imported.

Right now China applies a tariff of 18% on any manufactured goods imported
from the US.
The US applies no tariff to imported Chinese goods. Zero. Nada. Zip.

Keynesian Economics is valid in an open, balanced and fair trade market. It
has no application to the
current problems. The academics need to get their noses out of the books
and take a
look around them.

Eisboch

I would not count on it. They are past the point of no return in
reality. No easy way out now as all they have done is made the hole
deeper. That door was closed with the massive current print and huge
debt increase, both of which have yet to be realized. Seals the fate to
a Japanese type scenario for the near and mid term.

In fact, Japan is teatering on bankruptcy as a country. The Yen
currency is in real danger of colapse (rapid devaluation). Watching
this closely as Japan is bigger than Iceland, and the impacts of a major
country like Japan getting into serious default could be next.

Interesting times....