Stimulus
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- ukit
$1 trillion in spending - good idea or not?
- DrBombay0
unless it is actually creating jobs it is a waste.
- TheBlueOne0
More importantly, what's my cut.
- BonSeff0
i heard 500 for an individual and 1k for joint filers
- ********0
The economic bailouts are lame when everybody is getting laid off.
The people are paying to get laid off.
Also, Im so over Isreal and Palestine. UN needs to take their toys away.
- ..and even more macro, we are paying for a war that destabilizes our economy.Mimio
- designbot0
Absolutely a horrible idea....no question.
And this is coming from someone who would probably get another $1200.
- d_rek0
More importantly: Why doesn't anyone think it's righteous fuckery to "stimulate" the economy by giving a paltry amount - c'mon, $500-1000? - of our OWN MONEY back to us?
- johngrif0
i wish i didnt have to pay for bankers and car makers mistakes.
- ********0
All government departments need to be modernized to respectable levels.
- exactly....too big...too complex....simplify so real people can once again be in office.designbot
- Mimio0
Would be nice if it was spent on energy and transportation infrastructure.
- DrBombay0
exactly mimio, by creating jobs. free money doesn't last forever.
- d_rek0
Oh shit you know what I just realized...
Obama = 1st African American President.. correct?and he's really pushing for this 'stimulus' package...
but ... and take this with a grain of salt
Economic Stimulus = Reparations ...
COINCIDENCE?
- gramme0
It's a very, very bad idea. The reason why it's bad is because the end result will only be further devaluation of the dollar.
Before the stock market crash of 1929, we were on the gold standard, i.e. there was no more and no less money that what was backed up by tangible gold bullion in Fort Knox. Now, when we need a trillion more dollars pumped into our economy, the government simply manufactures the money. That trillion dollars is fundamentally only worth the value of the paper it's printed on. Any perceived market value is entirely false. The whole thing is propped up on thin air. It's scary when you really think about the implications of a global economy that is based more and more upon money that really amounts to nothing. We might as well swap out the dollar for wampum or peanut shells for all the inherent value our paper money will have in a few decades.
- *Hands gramme a bag of peanut shells for his post.designbot
- *manufactures peanut shell poop, sells it on Ebay and becomes literally filthy richgramme
- hahadesignbot
- What makes gold so valuable? It's fucking soft and shiney.Mimio
- Well, it's relatively rare and it's tangible. Right now, our dollar is largely based on thin air.gramme
- Seriously, it's caveman crap. We might as have stockpiled teeth and conk shells in Fort Knox.Mimio
- Teeth and conch shells are not rare, though. It's the idea of rarity and usefulness, like it or not, that determines value.gramme
- OK so gold and diamonds won't hold a building up like steel or concrete, but you get my point.gramme
- Midge0
Absolute waste of money. The real problem is that the whole economy actually has to drop (we all going to feel the pain). Once it has dropped and we hit a bottom then we all know where we are and confidence returns and people start doing things like investing and being productive.
Currently, they are trying to soften the blow with all this stimulus crap that is just making the drop take longer and smacking confidence in the face with a big ol' haymaker.
- ukit0
This is a really good explanation of the economic crisis if you have time to watch:
?pg=embed&sec=2089382Very informative about how we got into our current fiscal situation and how serious it is. I had no idea for instance the amount of mortgage-backed securities amounted to ten times the entire economic output of the world.
- d_rek0
ukit,
Think about that for a second. How many hundreds of thousands of americans are living well beyond their means because of irresponsible lending... It's all Clinton's fault. What a fuckup.
- designbot0
Wow, this is nice.....QBN'ers are joined together on this one.
time for a revolution....let's meet at town square at 1:00 sharp.
I'll bring a sign that reads "Another stimulus package is a horrible idea Morans"
- Midge0
Clinton;s fault? nah... I actually think fault lies with millions of people who all of a sudden thought a house was a business and went on a buying spree paying way to much for their second and third home trying to make a quick and easy buck creating a bubble - when the fact remains a house is a roof over your head nothing more nothing less.
- ukit0
@d_rek
Clinton's fault? Watch the video. The amount of money "leveraged" on mortgages increased from 100 trillion to 500 trillion during Bush's term.
True, bad mortgages were given out, but the amount of investments made on those mortgages is simply criminally irresponsible, and that's mainly why we're in such shit.
