On 15/02/2010 2:21 PM, nom=de=plume wrote:
wrote in message
...
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.


You're just wrong. It's really not much of an argument to make up facts as
you go.

Those who don't knwo history, are doomed to repeat it.

Take Iran, all the news about nukes... so freaking what? But Obama
probably thinks a good war will stimulate the economy and deflect blame
off of DC.

Just like Adolph did with Germany. A slow deterioration of morals such
as China is the enemy, Iran is bad, must fight, tax, baracade,
protectionism. Not really different at all. Do I think he will get as
far? Nope. But will not stop Obama's ego from trying to keep control
at all costs, including what is best for Americans.

Obama should be focusing his issues on Americans broken financials
including government overweight footprint on the economy.