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post #11 of 34 (permalink) Old 06-09-2009, 04:39 PM
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I don't believe that spending money you don't have is the best way to deal with an economic crisis. If someone loaded up their credit cards and lost their job would you loan them $100k? Especially if they promise their grandchildren will pay you back...?

Hell, the Chinese are getting nervous, Putin is telling Obama to slow down and Chavez tells Castro that they are to the right of Obama - that should tell you something.
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post #12 of 34 (permalink) Old 06-09-2009, 04:50 PM
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I don't believe that spending money you don't have is the best way to deal with an economic crisis. If someone loaded up their credit cards and lost their job would you loan them $100k? Especially if they promise their grandchildren will pay you back...?
It isn't the best way to deal with an economic crisis. But, in this particular economic crisis, in this particular time, with this particular set of variables, we really don't have a lot of choices. The things that a government would "normally" do, can't be done in this one.

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Hell, the Chinese are getting nervous, Putin is telling Obama to slow down and Chavez tells Castro that they are to the right of Obama - that should tell you something.
Chavez doesn't count, Putin is posturing for a new world currency and China is the only one with real skin in the game...interestingly, they also contributed to our problems and have the most to lose. Where they want us to slow down is in "buy American" and reframe debt to box them out of the equation.

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post #13 of 34 (permalink) Old 06-09-2009, 04:53 PM
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I don't believe that spending money you don't have is the best way to deal with an economic crisis. If someone loaded up their credit cards and lost their job would you loan them $100k? Especially if they promise their grandchildren will pay you back...?

Hell, the Chinese are getting nervous, Putin is telling Obama to slow down and Chavez tells Castro that they are to the right of Obama - that should tell you something.
No, it never was. It was a fine way to get into one, however.

"If spending money you don't have is the height of stupidity, borrowing money to give it away is the height of insanity." -- anon
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post #14 of 34 (permalink) Old 06-09-2009, 05:17 PM
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Not all. But good diversion.

I give you a lot of crap here for your economics posts. I do so because you don't come with an A Game for the discussion, oft time, not even with a game [the post I commented on was an example]. It is not all your fault. You just don't have the experience to discuss it that many on this board do. If you just look at four of us: jimsmith, who has 30 plus years as a systems manager on national level projects, drewprof who has 20 plus years in international business consulting experience, FTL, with 20 plus years in energy economic analysis and me with 33 years of systems analysis and 25 plus years of economics, we might not have all the answers, but we have a shitload of experience from which to draw informed opinion and understand what information is valid and what information is just a pile of words.

You might not like the answers that we give, but they come from experience, and are based on sound economic theory, history and 30+ years of knowledge in the fields. Those links we provide, and have for over five years are gleaned from going through what we cull from the flood of information on the subjects.

You just don't have that simply because you haven't had the opportunities to glean it yet. You might by the time you hit 45-50 if you do the right stuff and take the right classes and get the right education and get the right contracts. Skimming the internet for Economics 201 won't cut it.

You are young and have a ton of opportunities before you. This is a serious, honest recommendation. Find yourself a job in England, France, Germany or Japan and move your family there for a couple of years and apply and go to their premiere University and study Global Economics. While a Masters would be good, do it for the learning and classes, not the degree goal. I did this in the mid 1990s for 18 months. I got a gig in Milton Keynes and took additional Global Economics classes from London School of Economics. I already had a Masters and was just looking for additional classes.

I suggest an international school so you can insure that you avoid the perception in many of the US schools that they might be biased toward either US Liberal or US Conservative Economic thought. Not all are but to avoid the perception, a global perspective is much better for your education.
TnT: well you just got your hands slapped because you are not one of the faculty on BWOT. What should you glean from that? Best example I've seen of intellectual arrogance supported by political bias on BWOT in awhile. Notice that no one is defending Owebama's plans or results; we are supposed to take these horsemen of the apacalypse at face value. Well, here's another side of their credentials: Drewpuff spells money, "s-e-x", seeks advice about how to spend the summer and expects the government to insure his health. Jimsmith can write four paragraphs without citing any facts to support his opinions. FTL, well you've seen his filthy mouthed rants. And McBare has the poorest understanding of how we managed to leave the last big recession behind us and a very limited comprehension of taxation and accounting.

Don't pay any attention to McBare's belittling comments (that was several paragraphs of it). That's typical lib talk; just give back to them.

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post #15 of 34 (permalink) Old 06-09-2009, 05:24 PM
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Originally Posted by talven
I don't believe that spending money you don't have is the best way to deal with an economic crisis.

No, it never was. It was a fine way to get into one, however.

That's certainly no justification for ramping the spending up.
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post #16 of 34 (permalink) Old 06-09-2009, 05:26 PM
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post #17 of 34 (permalink) Old 06-09-2009, 05:29 PM
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I'd start some popcorn if I thought the red corner would stick around for a real discussion....
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post #18 of 34 (permalink) Old 06-09-2009, 05:30 PM
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TnT: well you just got your hands slapped because you are not one of the faculty on BWOT. What should you glean from that? Best example I've seen of intellectual arrogance supported by political bias on BWOT in awhile. Notice that no one is defending Owebama's plans or results; we are supposed to take these horsemen of the apacalypse at face value. Well, here's another side of their credentials: Drewpuff spells money, "s-e-x", seeks advice about how to spend the summer and expects the government to insure his health. Jimsmith can write four paragraphs without citing any facts to support his opinions. FTL, well you've seen his filthy mouthed rants. And McBare has the poorest understanding of how we managed to leave the last big recession behind us and a very limited comprehension of taxation and accounting.

Don't pay any attention to McBare's belittling comments (that was several paragraphs of it). That's typical lib talk; just give back to them.
As usual, you missed the point. What else is new.


Oh, and I am not an accountant. Never claimed to be.

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post #19 of 34 (permalink) Old 06-09-2009, 05:35 PM
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I'd start some popcorn if I thought the red corner would stick around for a real discussion....
OK Dave, I've got the beer. Uh, what was this post about anyway?
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post #20 of 34 (permalink) Old 06-09-2009, 05:35 PM
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Originally Posted by talven
I don't believe that spending money you don't have is the best way to deal with an economic crisis.

No, it never was. It was a fine way to get into one, however.

That's certainly no justification for ramping the spending up.
There was no justification for flushing the economy down the toilet in the first place, there was no justification for the Bush bailout, and there is no justification for the Obama bailout. Those who failed should suffer the consequence of that failure. Those who had stuffed their mattresses with money, should reap the rewards of that decision.

"If spending money you don't have is the height of stupidity, borrowing money to give it away is the height of insanity." -- anon
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