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obama's stimulus works at creating jobs
On Mon, 22 Feb 2010 21:00:53 -0700, Canuck57
wrote: Asside from the fact that most government workers are highly inefficient, they produce zero value added output. Zero. Nada, zip, zilch...OK, a pile of bull**** and hot air. paranoid hatred of the govt is delusional who are you talking about? brave and heroic US and Canadian troops who are dying to protect freedom? the FBI and RCMP who, for all their failings, protect their respective countries? the NIH researchers who've discovered cures for diseases, new drugs, etc? who'd you have in mind? Government is a net consumer of wealth, it does not produce value added products. It redistributes wealth, you bet. But adds no wealth to its creations. And it's inefficiency is a wealth consumption. fine. then go to an island where there's no govt. you're paranoid my friend. govt is necessary 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? This is economics 101, obviously none of you arm chair idiots got an education. Pick up a good book. you're a walking pustule of cliches |
obama's stimulus works at creating jobs
wrote in message ... 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. 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. Much like a Visa card, we don't even know what our interest rate will be, a year down the road. 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. Well said. We have felt very little pain from this economy melt down. Yes the 10-20% unemployed, but most have unemploymnent insurance, and those who bought $500k homes with a $50k income were never going to be able to pay for the house. They got to live in a nice house for a few years, and when they stopped paying the mortgage, they lived in the house for another 6 months or so rent free. Net, they probably paid less than rent with the 1% for the first two years home loan. But overall the pain has not hit. Has been hidden by the massive borrowing and printing of money by the Fed. What happens in a year of two, when people figure out there is no beef in the US dollar? |
obama's stimulus works at creating jobs
wrote in message
... 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 |
obama's stimulus works at creating jobs
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obama's stimulus works at creating jobs
On Tue, 23 Feb 2010 10:59:51 -0800, "Bill McKee"
wrote: Well said. We have felt very little pain from this economy melt down. Yes the 10-20% unemployed, but most have unemploymnent insurance, actually many don't. about 1M are set to lose it. and what about their health insurance which they don't have? |
obama's stimulus works at creating jobs
On Tue, 23 Feb 2010 17:46:42 -0700, Canuck57
wrote: On 23/02/2010 10:01 AM, wrote: http://tinyurl.com/ycwcnfm The Obamanation at work. Looks like every president before him did a better job when recessions hit. But Obama is still talking and debt spending. since there never has been a recession like this since 29, and that one led to 25% unemployment we can see his view that tens of millions of people walking the street is fine as long as the rich do OK |
obama's stimulus works at creating jobs
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obama's stimulus works at creating jobs
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obama's stimulus works at creating jobs
On 23/02/2010 7:07 PM, bpuharic wrote:
On Tue, 23 Feb 2010 17:46:42 -0700, wrote: On 23/02/2010 10:01 AM, wrote: http://tinyurl.com/ycwcnfm The Obamanation at work. Looks like every president before him did a better job when recessions hit. But Obama is still talking and debt spending. since there never has been a recession like this since 29, and that one led to 25% unemployment we can see his view that tens of millions of people walking the street is fine as long as the rich do OK In real no BS unadjusted terms, raw unemployment will go past 25 this year. I figure in October/November. Because Obamanomics is about screwing producers and rewarding the corrupt. It is a 100% dismal failure from a big mouth buffoon. And as other debtor governments are now doing, they are pulling in the spending horns real fast as they know the bottom is yet to come. Governemtns are offering bond, they go unfilled. Yep, governmetns are now becoming worried as the big debt ponzi scheme didn't work. Did you know as of Sept 2008 when it looked like Obama was going to win, the US government hasn't been able to borrow the money it needs from the markets? It is wholely created new money... inflationary money. |
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