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nom=de=plume nom=de=plume is offline
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First recorded activity by BoatBanter: Aug 2009
Posts: 5,427
Default obama's stimulus works at creating jobs

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...
On Mon, 22 Feb 2010 23:05:30 -0500, bpuharic wrote:

On Mon, 22 Feb 2010 21:00:53 -0700, Canuck57
wrote:



l

who are you talking about? brave and heroic US and Canadian troops who
are dying to protect freedom?

In no way disrespectful of the fighting men, do you think we are more
"free" than we were in 1991 when we started our middle eastern
crusade? It is clear the terrorists have won.

the NIH researchers who've discovered cures for diseases, new drugs,
etc?


Private companies do a lot more than NIH. I only have to point to the
human genome project where a private company cracked the code in
months and NIH dunced around for years on it.


No they don't. The NIH is not tasked with things in so narrow of a focus. Go
to their website and read their mission statement.



and how do you measure inefficiency when capitalism itself just
dropped the US economy by hundreds of billions in the last year? was
that efficient?


Yes, the economy was an illusion and we were going to lose a couple
trillion no matter what because it simply did not exist. It was phony
profit that we traded like real money. In that sense the market is
self correcting. If anything, things like TARP are only prolonging the
misery because we still have not paid the bill. We basically just paid
off our Amex bill by charging it on the Visa.


Without required regulation, I agree! These big institutions need to be
regulated so they can't imperil the entire economy.

Much like a Visa card, we don't even know what our interest rate will
be, a year down the road.


You do now. That regulation just went into effect.

This crisis is far from being over. It is simply hidden in the debt we
keep ignoring. 10 years from now the republic could be in worse shape
than the Soviets.


Come on... another doomsday scenario. Complete bs. We're certainly aware of
the problem and it's starting to be addressed.

--
Nom=de=Plume