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#21
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posted to rec.boats
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"Canuck57" wrote in message
... On 25/01/2010 9:10 PM, nom=de=plume wrote: wrote in message ... On 25/01/2010 5:53 PM, bpuharic wrote: andrew sullivan drops the big one on the 'enraged' independent right wingers: http://andrewsullivan.theatlantic.co...g-babyism.html What you have here is big babyism. After the worst downturn in memory, bequeathed a massive and growing debt, two failing wars, a financial sector threatening to bring down the entire economy, Obama has betrayed this person by preventing a Second Great Depression. We will hear more of these non-sequiturs; the 24-hour news cycle prevents any memory past the last six months; the easy, lazy meme of Obama-the-lefty will be pressed home by FNC/RNC and the MSM will grab onto it because it's a narrative they can understand and that helps insulate them from charges of bias. That none of this has any direct relationship with economic and political reality is barely relevant. Lets look at what would happen if history was different and Obama said NO to bailouts, let them die and simply stole a hybrid page from Reagan with a slash in government spending added in to cut taxes. Maybe leave the average American worker with an extra $3000/year, $250 mo. Take the banks, just ake them over and liqudate tossing the fraud bankers out cold on the street, no severence, nada. Share holders, bond holders, everyone but average depositors get to walk away. Guarantee only the FDIC insured say to $300,000. The cost of this would be small, a few hundred billion tops. GM, Chrylser, let them collapse. Most ended up unemployed but with the $100+ billion saved, extened declining unemplyment benefits could last decades with that kind of cash while people look for productive employers, and most GMers are unemployed anyway. Wagoner, let him take only his shirts and a SEC SOX warrant...to jail. Ford would even do better, picking up plants, equipment and market share. Fewer Ford people would be let go as Ford could easily absorb the market and propser even more to become very stable. Even buy more parts from suppliers. Old GM could be bought, fire all the crud and recover quite a bit of cash from brands, rights and even divion sell offs. All told, instead of $2 trillion more debt, perhaps $200 billion. Business wouldl then be smarter as not to let a company like GM operate in fraud so long, not extend the credit to a reclassly criminal level like GM. Carlyle and Cerberus would have to suck in the loses for Osama Bin laden's brother, Gates, and other ubber-filthy rich. Not really impacting main stream America too mucha t all as Toyota, Ford, Honda are all hiring and not firing. Good peole get jobs, GM losers pulled to hard on GM blood sucking get the lessons. Government cuts in spending, say $800 billion, put a $600 billion surplus, to give back to the workers. Aim right in the middle class, not negro middle class, American middle class, and take less taxes immediately. Now each American, working Americans that is, has an extra $400 month for spending, should juice the economy real quick right out aof a resession into vibrant economy. Even government tax revenues go up as economic GDP goes up big time. Noww for banks and debt welchers. Make it illegal to loan money to welchers for 15 years. Banks cannot leverage loans to past delinquent debtors, period. Baks must pay savings rates of no less than 1/2 point below loan rates. Encourage savings. Also slowly remove morgage deductability as it encourages debt. 100% deductable at 20 years of age, 0 deducable at 50. At 45 only 1/2 is deducatable. This will reduce debt float taking pressure off of too much dambed debt. Take on civic and state debt, US governmetn will take in on at 1% interest BUT the debtor civic or state must NEVER borrow to increase debt again. Further, 10% of their gross revenues go to pay the debt down each year. If the state or civic runs out of money before december 31st, they shut down or the milliary moves in and fires the whole government with cause no severance). This will **** off debt mongering liberals, but this cheap debt and easy money types f--ked us and it is time for some serious restrictions on the stupidity and selfish liberal debtor greed. And by now, we would be well out of the recession except for some whining liberal defunct debtors. I see tonigh Obama now wants more trillions to debt spend, going to tray Reagan for the poor. LMAO. Did he finally read some K-6 history? But probalby too little too late as with a $2 trillion burned up, and $1.9 trillion more deficit-debt spend to come, government debt might be now just too big to ever pay it off. You're just stupid. You're quoting numbers that are totally made up. The only explanation is lack of intellectual capital. Sure beats Obama, Obama bet the farm ($2 trillion and wants $1.9T more) and it isn't working. Nope. You're just lying. -- Nom=de=Plume |
#22
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posted to rec.boats
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"Canuck57" wrote in message
... On 26/01/2010 4:59 PM, bpuharic wrote: Lets look at what would happen if history was different and Obama said NO to bailout that was tried in '29. hell you people are so dumb you dont even learn from history. and sullivan had it right. you're a CRYBABY Actually, in 1929 they did too try to spend their way back out of a depression with a far lot les debt than today. It didn't work. It took a decade right up to WW II to get them out of the depression. Read some books other than Obama does Lim Lee. You're really ignorant of history. -- Nom=de=Plume |
#23
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posted to rec.boats
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On Tue, 26 Jan 2010 18:48:20 -0700, Canuck57
wrote: On 26/01/2010 4:59 PM, bpuharic wrote: Lets look at what would happen if history was different and Obama said NO to bailout that was tried in '29. hell you people are so dumb you dont even learn from history. and sullivan had it right. you're a CRYBABY Actually, in 1929 they did too try to spend their way back out of a depression with a far lot les debt than today. It didn't work. It took a decade right up to WW II to get them out of the depression. Read some books other than Obama does Lim Lee. and bush spent a TRILLION DOLLARS in iraq. compared to him, obama is a scotsman. i suggest you learn some economics, crybaby http://andrewsullivan.theatlantic.co...g-babyism.html What you have here is big babyism. After the worst downturn in memory, bequeathed a massive and growing debt, two failing wars, a financial sector threatening to bring down the entire economy, Obama has betrayed this person by preventing a Second Great Depression. We will hear more of these non-sequiturs; the 24-hour news cycle prevents any memory past the last six months; the easy, lazy meme of Obama-the-lefty will be pressed home by FNC/RNC and the MSM will grab onto it because it's a narrative they can understand and that helps insulate them from charges of bias. That none of this has any direct relationship with economic and political reality is barely relevant. |
#24
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posted to rec.boats
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On Tue, 26 Jan 2010 18:04:00 -0800, "nom=de=plume"
wrote: "Canuck57" wrote in message ... On 26/01/2010 10:32 AM, nom=de=plume wrote: wrote in message ... On Jan 26, 6:29 am, wrote: On Mon, 25 Jan 2010 20:10:12 -0800, nom=de=plume wrote: You're just stupid. You're quoting numbers that are totally made up. The only explanation is lack of intellectual capital. You're catching on. He likes to make it up as he goes. I don't think he's made a post that didn't contain factual errors. Besides that how in hell would ANYONE know what would have happened if Obama had done something different? Michelle is all-knowing, all powerful. Give Michelle a break, she is helping employee people, as her servants. Just like all previous First Ladies. he's just mad because she's not a maid |
#25
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posted to rec.boats
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On Tue, 26 Jan 2010 18:48:20 -0700, Canuck57 wrote:
It didn't work. It took a decade right up to WW II to get them out of the depression. And what was it about WWII that got us out of the Depression? Yup, that's right. Government spending. |
#26
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#27
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posted to rec.boats
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"I am Tosk" wrote in message
... In article , says... On 26/01/2010 10:32 AM, nom=de=plume wrote: wrote in message ... On Jan 26, 6:29 am, wrote: On Mon, 25 Jan 2010 20:10:12 -0800, nom=de=plume wrote: You're just stupid. You're quoting numbers that are totally made up. The only explanation is lack of intellectual capital. You're catching on. He likes to make it up as he goes. I don't think he's made a post that didn't contain factual errors. Besides that how in hell would ANYONE know what would have happened if Obama had done something different? Michelle is all-knowing, all powerful. Give Michelle a break, she is helping employee people, as her servants. It's got to take a few slaves just to carry that ass around! You're a jerk. -- Nom=de=Plume |
#28
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posted to rec.boats
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"thunder" wrote in message
t... On Tue, 26 Jan 2010 18:48:20 -0700, Canuck57 wrote: It didn't work. It took a decade right up to WW II to get them out of the depression. And what was it about WWII that got us out of the Depression? Yup, that's right. Government spending. That's right. Also, unemployment went from about 25% to about 10% prior to the start of WWII. Why? Gov't spending. -- Nom=de=Plume |
#29
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posted to rec.boats
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On 1/27/10 12:45 PM, nom=de=plume wrote:
wrote in message t... On Tue, 26 Jan 2010 18:48:20 -0700, Canuck57 wrote: It didn't work. It took a decade right up to WW II to get them out of the depression. And what was it about WWII that got us out of the Depression? Yup, that's right. Government spending. That's right. Also, unemployment went from about 25% to about 10% prior to the start of WWII. Why? Gov't spending. You can tell by the lack of activity and realistic proposals that all business is really interested in is in further marginalizing the workforce. |
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