joether
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Joined: 7/24/2005
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quote:
ORIGINAL: lockedaway
No, frankly, I don't. O'scumbag comes out on national television to tout a plan that we can't afford.
Well then, I guess we should just drop $400 Billion from the Defense budget. Because, according to you, we can't afford $50 Billion, so its safe to assume we cant afford the $850+ Billion we are paying for the current Defense Budget?
So therefore, your against the Defense budget as well.
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Yes...it is nice rhetoric but the funds do not exist. And what percentage of the population is benefitted by this massive spending scheme?
Do you honestly not get how money works in the US Economy? Seriously? The money that goes to construction companies must pay workers and buy raw materials plus equipment. Those companies take the money the US Goverment is paying them, to get the labor, buy materials and equipment from other companies. Those second companies, find that business is improving for them, wish to expand operations. that will take labor and materials to achieve. Meanwhile, those people hired to do the construction have to pay bills, buy grocercies, and have something left over to 'splurge' on stuff from cloths, trips, home improvement projects, and hobbies.
In essence, money is put in to the system, to get it flowing against, instead of closing off avuenes of exchange. It works exactly like that of the human heart. You do have blood and a heart, right? If you close off valves leading to or from the heart, the heart ceases to fuction (resulting in the person dying). If valves start squeezing close, the person experiences a wide range of health issues, including a heart attack. Metaphorically, a heart attack to humans, would be a massive sell off on Wall Street.
Seriously, go take some economic courses at your local community college. You'll get a better understanding of things, and be directly helping the economy out (at the same time). You do want to help America out, right?
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Oh sure, in theory you are going to say that all of us are because we all benefit from new infrastructure. Agreed. Don't even bring it up because it is too obvious. Fine. But juxtapose the value of the infrastructure against the harm of printing 63 billion, unsupported dollars, to build it. Because, my dear, we do not have it in the economy.
Do you realize, lockedaway, that when the US Federal Reserve prints money, its not 'in' circulation until its given to banks? And the policy is 'one dollar in, for every dollar out'. This means, as bills become crumpled, torn, and even mostly unreadable, are taken out of circulation, and new bills are put it to them. If you have a dollar, that's torn from oned side (hold the bill so Washington is upright), to about 30% towards the other side, you can exchange it from a bank, for a brand new dollar. Now what do you think the bank does with that torn dollar? Put it back in to circulation?
Or did you never stop to ask yourself, why the bills you get from the bank, are often new?
Now, if more money is put in to the economy, that spurs inflation, which isn't good for the economy. If less money is put in, it causes deflation, which ALSO, isn't good for the economy. So the Goverment regulates, how much money is put in at any one time. Now, no one is perfect, nor any one mathematical formula works 100% of the time. So they do the best they can. If you want to blame the US Federal Reserve for that, then you, come up with a better system (and in detail).
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Nope...you want infrastructure? Bring manufacturing back. Bring textiles back. There is so much industry that needs to be wooed back home and until you have that, you have no foundation for any of these projects or for a healthy middle class or lower middle class.
Take a wild guess what construction is.....manufacturing. And yes, some materials used in construction, improve the texile industry (including many other industries). But, lockedaway, your against the President's plan, display little understanding of how money exchanges take place in the USA, and even smaller understanding of the US Federal Reserve. Bottomline, your for America's economy going to shit, not against it. You'll vote in November for Republican/Tea Party who are against America getting better. Or have you not noticed the lack of ideas or real thoughts (i.e. educated and planned) on how to get the economy going again from the Republican/Tea Party?
While, I dont agree with Mr. Obama on somethings, lockedaway, he's and the Democrats are only show in town, trying to do something good for America. I dont frankly see Republican/Tea Party canidates offering up good ideas or thoughts, based on sound and test principles of economics or business that is long lasting. I shudder to think, what would have happen, if the American Reinvestment and Recovery Act of 2009 (that's the Stimulus Bill, as I know your not knowledable enough to know it on your own), had not been put in to practice. Yes, it costed alot of money, but the money spent, went towards America. And we see the effects, as the economy improving over time. However, most Republican/Tea Party members are 'instant gratification'-olics, and therefore, can not understand long term issues and situations....
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RE: Obama touts $50 billion transportation proposal - 
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