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.

On 15/02/2010 2:35 PM, bpuharic wrote:
On Mon, 15 Feb 2010 13:29:56 -0700,
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.


Government can manufacture as much cash as it wants. True, the
government can create as much as it wants to. Create a billion dollar
bill if you want one.

But if no one wants it, it is as good as toilet paper if it wipes good
enough. I could legally print the CanuckBuck. If people want it, it
has value. If they don't, it is worthless. And the more you create,
the less it is worth.

That all being said, the creation of currency is directly linked to
inflation. Create too much and it isn't as valued as much.

To give you an idea how bad it can get:

http://news.bbc.co.uk/2/hi/business/6982749.stm

Annual inflation of 7,634% and 80% unemployment because of governemtn
carzyness in money creation. I am sure Haiti has a currency, but it is
hard to get because no one wants it.

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

Yep, and you have to show it on a log scale to look half normal. Go
find a non-log chart and weap. USA is already well along to currency
valuation colapse.

Remember, inflation is the opposit of currency deflation.

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.

And most people were dirt poor.

just like obama has planned.

and people need money? where they gonna get it?

Get off your ass and work for it.

[ sillyness snip ]

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?

Back then, governemtn borrowed money, they didn't create it ponzi style.
See "War bonds". 3% rate in low inflation was considered a good return.

Today it is all risk and not worht the gas to get a t-bill.

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.

The converstations went sort of this way:

Obama: Screw you banks, you are evil!
Bank: We hold your debt.
Obama: I am going to screw you....rant...rant.shoot the mouth off.
Bank: OK, our investors are out, we are over leveraged, we are
forclosing on 10% of the delinquent losers. Your problem.
Obama: You BSing me?
Bank: Round one, just to demonstraight. Whack...10% forclosures, GM
included.
Obama: That isn't fair!
Bank: You welshers don't pay your debts...you need us, we don't need
another welsher.
Obama: Hissy fit, make excuses. Bailout banks.
Congress: We like you banks, nice contributions, thanks.
Bank: Raise taxes.
Obama: No.
China: Pay your bills and back your currency.
Obama: No.
China: Ok, we tighten credit as we don't want more useless USDs.
Obama: Slaps a tax on them.
China: Tightn up credit some more.
Obama: That isn't fair!
China: Neither is not paying your bills.
Obama: I want 0% interest rate.
China: Nope, 5%...today only.
Obama: We will print it.
China: Tighten up credit some more.
Greece: Hell, we can't boorrow and have $16 billion Euro coming up!
Spain: Damn, we are in trouble, can't boorow either. Bad credit.
Iceland: Poor beggars.
Germany: How do we save face, we are broke too.
Obama: To GM, I need cash from you ******s...
GM: Still losing money.
GMAC: Those loans we made to poor Amricans to buy GM are defaulting,
need another $6 billion...
Obama: Congress, so I don't default, raise the debt ceiling to $14.5
billion from $12.3 billion Ok?
Congress: You bet, we love debt!
Toyota: Why you picking on us GM/NTFSA?
Obama: I hate asians.
Toyota: Will come to congress for a real showdown... Want a 500,000 lay off?
Obama: Maybe we aught to temper this.
Toyota: Too late, honor, something you know little of is at stake.
Obama: Cool off.
Japan: Knock some sense into that skull of yours Obama, we go down
because of Toyota, you go down.

----
And it gets worse.

On Mon, 15 Feb 2010 17:11:49 -0700, Canuck57
wrote:

On 15/02/2010 2:35 PM, bpuharic wrote:
On Mon, 15 Feb 2010 13:29:56 -0700,
wrote:


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.


Government can manufacture as much cash as it wants. True, the
government can create as much as it wants to. Create a billion dollar
bill if you want one.

But if no one wants it, it is as good as toilet paper if it wipes good
enough. I could legally print the CanuckBuck. If people want it, it
has value. If they don't, it is worthless. And the more you create,
the less it is worth.

so you're wrong about the govt running out of money

thanks. i 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

Yep, and you have to show it on a log scale to look half normal. Go
find a non-log chart and weap. USA is already well along to currency
valuation colapse.

sorry sport. it doesnt matter what SCALE you use if the burden is not
as high today as it was under roosevelt

in 1943 debt was 120% of GDP. aint that high today. sorry.


Remember, inflation is the opposit of currency deflation.

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.

And most people were dirt poor.

as they are today under the rich folks like yourself who want
unemployment to triple


just like obama has planned.

and people need money? where they gonna get it?

Get off your ass and work for it.

yep like i said, he's rich so he thinks the middle class is lazy.

got that everyone? only the rich work hard. the rest of us are lazy.


[ sillyness snip ]

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?

Back then, governemtn borrowed money, they didn't create it ponzi style.
See "War bonds". 3% rate in low inflation was considered a good return.

and inflation today? about 2.5% and the govt is borrowing money...and
spending it

YOU said above that the govt COULDNT borrow money back in 29. NOW you
admit that was horsehit. they just DIDNT borrow money and unemployment
went to 25%

but that's ok with you rich guys. 'cuz average wages dropped 43%
during the depression

and you're loving it. cuz the middle class keeps getting screwed


Today it is all risk and not worht the gas to get a t-bill.

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.

The converstations went sort of this way:

Obama: Screw you banks, you are evil!

and the rich complain that the middle class STILL has money, the
*******s! so drive up unemployment MORE!!

so how did coddling the banks work out for the middle class?