CNN.com reports- President Obama signs a $787 billion stimulus
bill he calls "the most
sweeping economic recovery package in our history."
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This has a fundamental flaw:
YOU CANNOT SPEND YOURSELF TO PROSPERITY!
NO PERSON, NO COMPANY, AND NO COUNTRY!
a 787 billion dollar defribrillator(?)
As the cliche goes, “sometimes you’ve got to spend money to make money.”
And a cliche is a phrase that becomes a truth becomes it’s time tested.
This must be the thinking here.
Correction: A cliche is a phrase that becomes a truth becauce (not becomes) it’s time tested.
God has mercy on our souls.
Germy is right, the present crisis was caused by overspending and over debt. Obama thinks that is going to be cured by MORE overspending and over debt?
Does Obama thinks he can stop a fire with gasoline, or cure heroin addiction with more heroin.
Is not going to work. Buy Gold. Now.
50% of the US & worldwide recession was created by Wall Street (Banks and I don’t mean Briana. lol), and the other 50% was created by Washington (Bush and the GOP mainly).
They’re both equally responsible.
I say BS.
The US FED was the main culprit of the seriousness of the recesion.
Clintos reforms to Carter´s Community act of 1977 set the stage of the mortage crisis (somewhere I have a article where that was predicted back in 1989), Bush main culprit, and he is one of the main culprits after Greenspan and Clinton was to be asleep behind the wheel for 8 years doing nothing and looking the other way.
Look, recesions are a natural phenomena in economy, goverments cannot create recession single handed. When a fiel of the economy is too good, people tend to jump on them (look at porn as a example) and thath field eventually ceases to be profitable. Recesion is the way of the economy to punish bad investments. Once the incompetent, corrupt and the idiots are gone, the economy becomes healty again. It does not matter if is porn or mortages.
Politiciansm in order to justify their jobs othen claim to control that natural process, often making things worse by delaying the unavoidable by creating bubles via “stimulus plans”. Bush destroyed the Reagan, Clintons and Gringrich era of small goverment as a ideal and presided over record deficits trying to avoid a recession under his mandate, poetic justice came when recession came just in enought time to destroy his party. Premier Obambi (yes I read Maureen Dowd) seem want to do doing in a year what Bush took 8 to do. The Recession now can turn into a Depression. And this time is American people’s, who elected the current President and Congress untimate responsability.
BTW this is one of the NY Times articles in 1999.
Well, it sounded like a good idea at the time!
http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=1
Thx rics, I’m always right… even when I’m wrong!
Glory, Glory Halleluyah, the pork keeps rolling on!
I love Cindy but what the heck this has to do with porn. Is the DNC buying space here?
We should be discussing more important things like the extremely funny Shawna Lenee meltdown in Opie and Anthony when the now Penthouse Pet IR porn past was discussed. To bad they do not discused her Facial Abuse scene or her Bukkake scene.
Rics,
The US people gave the Congress to the Right from 1994-2006, and gave the White House to Bush in 2004.
Actually the US people giving Congress to the Reeps in 1994 while keeping a Dem in the White House at the same time was pure genius. Checks and Balances.
The problem with Bush and now with Premier Obambi is that they have no Checks and Balances from Congress. Bush got them too late in 2006 and Nancy Pelosi was not Newt Gingrich. Obama do not has them right now.
So they are going to show the worse trait of the Baby Boom and post Baby Boomers American. Total self indulgence. There was not bill Bush will not veto when the Reeps controled Congress. There is no bailout Premier Obambi do not what to do, with money created ex nihilo.