Then answer two questions. If it was a failure, why is the economy only now slipping back into recession now that the stimulus funds are being exhausted?
And why are the markets falling when a deal is agreed upon to cut government spending when in point of fact we need more spending to stimulate aggregate demand?
You need to go back and study ECON 1302, Principles of Macro Economics and reread the chapters on Keynesian stimulus and liquidity traps.
Originally Posted by TexTushHog
TexTushHog I'm glad I got critic and I will be delighted to answer your questions to the best of my ability. First of all lets take our wonderful Government into account. We have a Government that does not lie to it's people! We have a Government that does not exploit it's people! Our Government tells the truth to it's citizens! Our Government does not put it's citizens on a need to know basis! Our news is not censored! Our Government has nevered covered up any matters and swept them under the rug! If you've caught on by now you know thats all BULLSHIT!!! As you know "Our" Government will exploit it's people. It is the job of every Government beaurocrat to figure out a way to stick their hands into it's peoples pockets and take their money. Our Governments are also in the job to create the "Feel good environment" at all costs. They fear and don't like it when the people get angry and uprise. Thats what the Government is trying to prevent.
The economy never got out of a recession to begin with! You can't end a recession by the snap of a finger and you can't stop a Mack Truck on the turn of a dime. Do you think QE1 worked? What about QE2? Do you think QE3 will work? Personally, I don't think it will. You must obviously have more faith in the Government than I do. Sure there must be cities, towns, or states that are doing better than other parts of the country but you have to look at the entire demographic picture of the United States as a whole. If the Obama administration had unemployment at 5% then I would probably give Big Government some credit, but they don't. The current 9% number for unemployment can be manipulated. I wonder if thats just the people on record recieving unemployment benefits. The better question is, has the Government accounted for everyone thats unemployed, receiving benefits or not? You see thats the "Gray" area that their not telling people. Remember, our Government does not lie to it's people! The always tell the truth.
Why are the markets falling you say? My God man if you had our politicians pulling the strings and playing games with peoples money and lives wouldn't you say that you expected the global markets to fall? Please tell me you seen a selloff coming because I sure did!!! I'm just glad I sold off weeks before the selloff and wasn't hurt by the downturn. This global selloff was entirely caused by the elected IDIOTS we have working for us in Washington D.C. It didn't help when S&P downgraded the U.S. debt rating but they did the right thing! I applaud S&P for what they did. When they came out with this news last friday and into this weekend I knew the markets were going to selloff on Monday morning starting in Asia. Did you?
So why are markets falling when the Government decides to cut spending? Well there are a lot of companies that depend on Government spending, their spending definitely supports these companies' bottom lines. So when the spending dries up maybe the shit will finally hit the fan! There are a lot of companies that depend on this spending to be there. If the easy capital dries up what do you think will happen in the short-term future? Do you really think things will really get better out there in the trenches? I see that you realize that this will hurt our economy, and your probably right.
Today Ben Bernanke came out and preached that interest rates will be left alone until mid 2013 with no increases. Rates are already near 0%, I mean how much lower can we go to help out this fragile economy. It seems as if their running out of gimmicks. Maybe theres only a few more tricks left in the hat. So I ask you, do you really think we got out of a recession? Do you do your own food shopping? Have you been into a Wal-Mart lately or do you have a butler or a wife that does all of this for you? If you have then tell me which brand is taking market share away from the big companies? I'll give you a hint, their products are usually packaged in WHITE BOXES!
Do you ever pay attention to trends? Trends in our economy? In our nation? Have you ever been on a dating service such as
www.match.com to see how many single women are available? Just women who have been on the site within 5 days only! There is a whole bunch of ASS up for grabs right now. A whole bunch. I'm sure they need a good man to help them out with the bills. When an economy is booming as it was back in 2007 I'm sure you would have noticed that their were a lot less women available. I'm just looking at my market in the Little Rock area and I am astounded by how much women are up for grabs! What about the Backpages? Have you noticed that since the economy went tits up a few years ago that theres now more women prostituting themselves just to make ends meet? I know my market here in the Rock has exploded compared to just a few years ago. Numbers of women entering the game have definitely went up! Not down!
Check out this link,
http://www.youtube.com/watch?v=JhaEc...feature=fvwrel This is a video from 2009 but he has a lot more videos that you can find by googling his name. Listen to some of the things he has to say. Of course, you always don't have to believe what he says. And remember, "Our" Government never lies to it's people, they always tell the truth! This is from 17 Sep 2010,
http://www.youtube.com/watch?v=MUYkP...feature=relmfu here's another one!
http://www.youtube.com/watch?v=pgyGO...1&feature=fvwp Check this one out! Tell me whats going on in the Middle East? What about Greece, Egypt, Morocco, Syria? What about Mexico?
http://www.youtube.com/watch?v=Q2qDW...eature=related
So you tell me
TexTushHog, did we ever get out of a recession? It seems like you need to go back and do your homework in Economics 101, along with Macro and Micro economics you Jagoff! By the way, I'm waiting for your response.