On Mon, 15 Feb 2010 13:29:56 -0700, Canuck57
wrote:

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.

how can the govt run out of cash? you yourself have been crapping your
diaper over mounting govt debt. so what you just said is that the
depression was caused by the govt NOT going into debt.

thanks. we already knew that.


and why not check he

http://www.marktaw.com/culture_and_m...debt_2008.html

to see how govt debt REALLY was. govt debt went to 120% of GDP during
ww2

we're still here, moron


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.

uh...govt debt was 120% of GDP when the depression ended.

just like obama has planned.

and people need money? where they gonna get it?

you right wingers want unemployment at 25%. you want wages cut and tax
increases on the middle class while the middle class bails out your
rich buddies.

what else you got in mind? why not the right of first privilege where
the rich get to rape middle class women before they get married?


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.

gee. tell it to the USA in 1943, OK?


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.

he's not picking on banks HARD enough THAT'S the problem.

as to the screw up, he hasn't been president for 9 years, regardless
of what you morons say.