Re: Pat I'm no economist either...
D/VM
location: Reluctant
listening to: The Voices (In My Head Vol 46)
registered: 2006.11.21
posts: 124
[view all posts]
[view all posts]
Pat:
Pat:
Why are you so concerned over this jobs package? Is it because the $800 billion might not be spent as wisely as the repubs spent the $700 billion mortgagae/bank/wallstreet bailout? I know there's supposed to be $350 bill left but the fact that the first $350 bill has gone to line the pockets of the very people that caused these problems leaves me with little faith that the remainder will have any significant impact. I truly believe that money's gone, gone, gone. Probably to Montana.
With that in mind this jobs package can't hurt the country any more than the bailout or the continued spending in Iraq. In this case, there's at least a possibility that some Americans who need help will get some. This situation will touch everyone. If you look at messy bear's pie you'll see that. Unless of course you've been stealing the country's money for the last 8 years.
Money's like water. It doesn't go away. It just changes form (and hands). For every loss out there someone gained. Unless of course that money never really existed in which case the people who allowed and participated in creating the illusion of prosperity are at fault. I believe this charade is called capitalism / free market economy. Any equation that needs a constant infusion of additional integers will eventually run out of physical space. In this case it's "GROWTH". We are in a snowballing "Borrow from Peter to pay Paul" syndrome that is being multiplied by the "as long as it doesn't effect me" and the "Take it While it's There" idiom.
This year's favorite phrase: "PONZI SCHEME" comes to mind when I think of the Stock Market. To the financial wiz kids who started pouring out of our universities
in the 70s, the Market is legal gambling. More fun than Craps, Cards, and even Coke. (Why do you think there's so many Bankers, and the Lawyers to keep them out of jail). Regulation kept the lid closed for (with a few leaks) since "The Crash". In the 80s Reagan started implementing all this "Free up the Market" / Trickle Down economics that came from Galbreath in the 20s and a fissure in self control began. What do expect from a generation Bankers brought up on Viet Nam and Nixon. Clinton didn't do squat to slow the degradation which enhanced the impact of the "Tech Boom" collapse and Bush's legacy is still on the board, so this is bipartisan ineptitude. I'm interrupted by Obama's news conference and look forward to listening to a President.
Now That Was A Leader
D
D/VM
(view)
Pat:
Pat:
Why are you so concerned over this jobs package? Is it because the $800 billion might not be spent as wisely as the repubs spent the $700 billion mortgagae/bank/wallstreet bailout? I know there's supposed to be $350 bill left but the fact that the first $350 bill has gone to line the pockets of the very people that caused these problems leaves me with little faith that the remainder will have any significant impact. I truly believe that money's gone, gone, gone. Probably to Montana.
With that in mind this jobs package can't hurt the country any more than the bailout or the continued spending in Iraq. In this case, there's at least a possibility that some Americans who need help will get some. This situation will touch everyone. If you look at messy bear's pie you'll see that. Unless of course you've been stealing the country's money for the last 8 years.
Money's like water. It doesn't go away. It just changes form (and hands). For every loss out there someone gained. Unless of course that money never really existed in which case the people who allowed and participated in creating the illusion of prosperity are at fault. I believe this charade is called capitalism / free market economy. Any equation that needs a constant infusion of additional integers will eventually run out of physical space. In this case it's "GROWTH". We are in a snowballing "Borrow from Peter to pay Paul" syndrome that is being multiplied by the "as long as it doesn't effect me" and the "Take it While it's There" idiom.
This year's favorite phrase: "PONZI SCHEME" comes to mind when I think of the Stock Market. To the financial wiz kids who started pouring out of our universities
in the 70s, the Market is legal gambling. More fun than Craps, Cards, and even Coke. (Why do you think there's so many Bankers, and the Lawyers to keep them out of jail). Regulation kept the lid closed for (with a few leaks) since "The Crash". In the 80s Reagan started implementing all this "Free up the Market" / Trickle Down economics that came from Galbreath in the 20s and a fissure in self control began. What do expect from a generation Bankers brought up on Viet Nam and Nixon. Clinton didn't do squat to slow the degradation which enhanced the impact of the "Tech Boom" collapse and Bush's legacy is still on the board, so this is bipartisan ineptitude. I'm interrupted by Obama's news conference and look forward to listening to a President.
Now That Was A Leader
