On 15/02/2010 11:07 AM, nom=de=plume wrote:

Have a better explanation for why all of a sudden the government can spend
it's way out of debt to prosperity? What economic theory is this?
Bankruptcy?

It's basic economics, and it's not about "spending it's way out of debt."
That's your foolish twist. You don't cut back spending during a financial
crisis. Hoover did it and we know what happened.

Actually, Hoover was in office when 1929 hit, and too tried to spend out
of it. But had to stop as the governemtn ran out of cash and mounting
debt. Which forced the issue of pulling back on spending.

Problem wasn't solved until the advent of WW II when people got cash
paid to them for the war effort. Bottom line, people need money to
spend to have an economy based on fiat currency.

Think about the logic of Obama's policy, how insane it is. Debt-spend to
prosperity.

See previous.

I could list the countries that have tried it, and none to date have
managed to do it any more than individuals can.

I can assure you that if you are in debt and have problems with debt, the
last thing you do to fix it is borrow more and spend it on ****.

I am not a government responsible for more than 300m people.

But will admit Obama be like the Pied Piper. Has a good talk and sings a
song. When are you ordering the jack boots?

Like I said, I'm sure you feel fine calling him a nazi or stalinist or
similar. Go for it.

1935 or so, all over again. As Obama deflects blame, he will pick on
banks, Japanese, Chinese, even Euros... just does not want people at
home looking too closely at the monumentious screw up of US politicial
history.