US Auto Manufactures Bailout - Page 11 - Mercedes-Benz Forum

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post #101 of 261 (permalink) Old 11-16-2008, 03:50 PM
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While I am not an expert, I did accurately predict that Bush would have us 10T in debt when he left office.
But....but.... you just joined this month! Who the F are you?
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post #102 of 261 (permalink) Old 11-16-2008, 03:55 PM
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In around another 20 years this is what everyone will be saying about the major German car corps. 1rst world cannot compete when everyone gets adequately compensated for their work. As long as there are evolving second and third world countries to reap.
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post #103 of 261 (permalink) Old 11-16-2008, 05:07 PM
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But....but.... you just joined this month! Who the F are you?
I think he's bot playing games...

Don't believe everything you think
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post #104 of 261 (permalink) Old 11-16-2008, 07:18 PM
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But....but.... you just joined this month! Who the F are you?
Who am I? Someone like you...except I don't own a benz?

I didn't say it here, I said it to several friends and coworkers.
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post #105 of 261 (permalink) Old 11-16-2008, 07:19 PM
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I think he's bot playing games...
Not a bot!

How could such imperfect English be a bot?
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post #106 of 261 (permalink) Old 11-16-2008, 07:34 PM
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Well, we'll just have to disagree on some points.

The debt adding up is a discussion for 2001, not now. AIG and the bailout has carved out 1T in our future taxes, and it will not do a bit of good with the fools currently running the country, and probably not with the new batch either.

Balancing budgets is a 90's concept of history.

Today we have issues that only a new new deal will fix, I'm afraid. I just don't want another silly needless works project but instead the kickbacks to the workers (unemployed/retired/etc).

That WILL work. It is the best of a very bad list of options, where the whys and how's were lost in the last decades elections and policies.

Also, don't forget that in 1980, we had 1T in debt, and Reagan did a fine job of stimulating growth with 3T in spending over 8 years. He did get us out of the worst recession since the 30's. Since today's mess is far worse, you can expect similar expenditures ADJUSTED for inflation. 10T more, anyone?

While I am not an expert, I did accurately predict that Bush would have us 10T in debt when he left office. I thought I'd be a one trillion off TIL this Fall.

So I am now predicting that in 8 years, the debt will stand at $20T.

Prepare!
Blowing off National Debt is simply absurd. The carrying cost of the debt is well over 20% of the current budget. That either has to be paid or folded in as new debt. We cannot continue as a debtor nation.

You mention Reagan and the $1T when he came into office. It was nearly $4T when he left. We are still paying for those errors. He bought us out of recession at a cost to THIS generation and future generations. Bush did the same and now you suggest the same. That is fully illogical. Only foreign investment can afford to buy into that kind of debt.

Blowing off the Debt is exactly what Bushie said back in 2001. And look where it got us. That simpleton approach of buying/borrowing our way to prosperity just doesn't work. Never has, never will.

And you still don't say HOW it will work. You are correct that a New New Deal is just about the only answer. But you can't do that AND continue the debt cycle. Big infrastructure projects [the ones ignored for the past decade] are one really good way to do it. So are limited welfare programs. But tax cuts, borrowing and digging out of recession are like Matter, Antimatter and Amy Winehouse, they just don't mix.

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Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
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post #107 of 261 (permalink) Old 11-16-2008, 07:42 PM
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Not a bot!

How could such imperfect English be a bot?
Stop playing games Botnst! We know who you are and what you are trying to do...

Don't believe everything you think
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post #108 of 261 (permalink) Old 11-16-2008, 07:42 PM
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Remember, I only am for sending another 850B directly to the people.

Nothing more. The difference between 11.3T or so and 12T is small.

However, my prediction is that it will be far more if early indications are correct on this "recession". BTW, do you know we're not in a recession? Using Gov criteria, of course.

As I said, if it does not happen, get ready for a multi year depression. It must work itself out anyway, but a lopsided bailout for wall street, while ignoring main street is a mistake and will make the pain worse.
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post #109 of 261 (permalink) Old 11-16-2008, 07:54 PM
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Someone is smoking that crystal ball 'gain.
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post #110 of 261 (permalink) Old 11-16-2008, 08:04 PM
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No crystal ball... Bot's playing games and saying what I've been saying all along... Even the idiots here know we are not in a recession.

Don't believe everything you think
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