Normally I try to avoid being critical of this nation's leaders because I figure I haven't earned the right to be critical (but have the right to vote my approval yes/no) ... but this is something that really bugs me.
Obama says the way to full economic recovery is to \"spend our way out\" ... http://news.yahoo.com/s/ap/20091208/ap_ ... obama_jobs
IMHO, that approach is insanely stupid. Discuss.
Spending his way to popularity
Moderators: Tunnelcat, Jeff250
well yes, and no.
In order for the economy to \"rebound\", money has to flow through it. That's the reason the Feds kept dropping interest rates; to encourage spending. .. usually in the form of debt based spending.
On the other hand, to maintain that stability and do well over the long haul, you need to save. A healthy recovery (one that will last) if done properly, will take some time. Probably 10 to 15 years. but since we we (as a nation) went from a $1+ trillion to over 12 nearly over night ... don't expect recovery ...True recovery ... any time soon. I doubt I'll live to see us clear this mire.
We need to spend, but not like we were 5 years ago.
In order for the economy to \"rebound\", money has to flow through it. That's the reason the Feds kept dropping interest rates; to encourage spending. .. usually in the form of debt based spending.
On the other hand, to maintain that stability and do well over the long haul, you need to save. A healthy recovery (one that will last) if done properly, will take some time. Probably 10 to 15 years. but since we we (as a nation) went from a $1+ trillion to over 12 nearly over night ... don't expect recovery ...True recovery ... any time soon. I doubt I'll live to see us clear this mire.
We need to spend, but not like we were 5 years ago.
you realize Bush, his father, and Reagan all were massive deficit spenders that lined the pockets of corporate interest at massive tax payer expense and may eventually lead to the downfall of america to a mediocre country?. Reagan is the father of all our debt problems.
It's gonna be funny in like 50-100 years when they look back at the republican Voodoo Reaganomics of the 80s, earlyh 90s, and laugh at it being a viable economic option, kinda like how we look back at midevil times and are SHOCKED that people used bloodletting to try to cure illnesses like the plague.
soooooo sick
It's gonna be funny in like 50-100 years when they look back at the republican Voodoo Reaganomics of the 80s, earlyh 90s, and laugh at it being a viable economic option, kinda like how we look back at midevil times and are SHOCKED that people used bloodletting to try to cure illnesses like the plague.
soooooo sick
Re:
flip wrote:I'm not sure that anyone here realizes that "every" recent president (last 100 Years) has done exactly the same thing. Maybe one actually knew what was going on and sacrificed himself. Surely people would pay attention then.
who and what are you replying to
