Too Little of a Good Thing

Too Little of a Good Thing (Full Version)

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Brain -> Too Little of a Good Thing (12/18/2009 5:50:53 AM)
Obama is no FDR or Lyndon Johnson and he just doesn't give a shit. Which would explain a lot of these bad results. I think he forgot where he came from and he sold out his mother who had cancer and was fighting with insurance companies that told her, her cancer was a pre-existing condition; like Hillary said, "Shame on you Barack Obama." Op-Ed: Too Little of a Good Thing - Paul Krugman The good news is that the American Recovery and Reinvestment Act, a k a the Obama stimulus plan, is working just about the way textbook macroeconomics said it would. But that’ s also the bad news — because the same textbook analysis says that the stimulus was far too small given the scale of our economic problems. Unless something changes drastically, we’ re looking at many years of high unemployment. http://www.nytimes.com/2009/11/02/opinion/02krugman.html?_r=6

DarkSteven -> RE: Too Little of a Good Thing (12/18/2009 6:05:10 AM)
This is absolute horseshit. Pardon my French. Fiscal conservatives, myself included, have long been against high government spending. Among other reasons, if you want a job done, doing it via government spending ensures that a large infrastructure gets built around it, making your bang for a buck (or billions of 'em) pretty low. The concept of Obama's stimulus spending, as well as Bush's tax cuts, is that pumping extra money into the economy is a good thing, and pretending that the resultant deficit increase won't need to be paid down some day. It's just another step away from pay-as-you-go. If you look at the causes of the current mess, one of them is that we relied on bubbles in the economy. There was the dot com bubble and then the RE bubble. A bubble exists when there is more money flowing than is justified by the actual value of a good or service - it's somewhat analogous to Marx's idea of a business owner's unfair profit. The stimulus is a terrible idea that tries to forestall the day of reckoning by unsustainably spending money that will have to be repaid by our children, grandchildren, etc. We owe it to future generations to try to not screw them over.

RacerJim -> RE: Too Little of a Good Thing (12/18/2009 6:15:57 AM)
Obama definitely is no FDR or LBJ or any other POTUS in history, but he just as definitely does give a shit. These are not bad results for Obama but, rather, they are the intended results of Obama. He has definitely not forgotten whence he came -- his long-time associations with many of the most prominent Communists, Marxists and Socialists in Amercia -- and he has very adeptly implemented the Cloward-Plevin Strategy in his long held desire to *fundamentally transform* the United States of America into the United Socialist States of America. The good news is that an ever-increasing percentage of those who voted for Obama have come to realize they made a big ass mistake on 11-04-08, to the extent that an ever-increasing majority of "We the people..." disapprove of where Obama wants to take America.

Silence8 -> RE: Too Little of a Good Thing (12/18/2009 7:52:01 AM)
But, yeah, Keynesian economics always required more than presidents were willing to give, even during the Great Depression. But, above all though... just cut the military. The greatest threat to American freedom is from within, as always.

willbeurdaddy -> RE: Too Little of a Good Thing (12/18/2009 2:15:20 PM)
You know socialism is the order of the day when Krugman is being relied on to support even more spending.

pahunkboy -> RE: Too Little of a Good Thing (12/18/2009 5:39:16 PM)
if the govt coins money, and we owe the money to whoever- couldnt we just coin said money to pay the money we owe?

DarkSteven -> RE: Too Little of a Good Thing (12/18/2009 6:52:11 PM)
quote: ORIGINAL: pahunkboy if the govt coins money, and we owe the money to whoever- couldnt we just coin said money to pay the money we owe? Of course we can. The problem with that is that flooding the money supply with more cash, while the amount of goods and services does not change, will cause inflation. quote: ORIGINAL: DarkSteven It's just another step away from pay-as-you-go. Badly phrased on my part. I meant to say that the stimulus makes us go further away from pay-as-you-go.

willbeurdaddy -> RE: Too Little of a Good Thing (12/18/2009 8:13:37 PM)
quote: ORIGINAL: pahunkboy if the govt coins money, and we owe the money to whoever- couldnt we just coin said money to pay the money we owe? Yup. we sure could. It works wonders in the economy. Argentina, Brazil and Bolivia became economic superpowers that way.

pahunkboy -> RE: Too Little of a Good Thing (12/19/2009 1:36:13 PM)
quote: ORIGINAL: willbeurdaddy quote: ORIGINAL: pahunkboy if the govt coins money, and we owe the money to whoever- couldnt we just coin said money to pay the money we owe? Yup. we sure could. It works wonders in the economy. Argentina, Brazil and Bolivia became economic superpowers that way. Not if we make a bunch of trillion $ coins- that one can not give change back for. Then use them to pay it all off. They could only trade for products priced a trillion $. Not lower.

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