Obama + Caterpillar + Stimulus = Lie

Originally posted by no1marauder
What "main stream media"? Fox News?

Yes, I support it. It's not the best possible stimulus plan (the compromises made for the 3 necessary Republican votes in the Senate hurt it - the $70 billion in cost for AMT "reform" is misplaced in a "stimulus" package for one thing), but it addressed the need for an expansionary fiscal policy in the nea ...[text shortened]...

What, pray tell, is your approach to the present economic crisis?

It's like the trick where the magician produces a coin from behind your ear, would have thought you'd be old enough to see through those illusions.

Originally posted by Wajoma
It's like the trick where the magician produces a coin from behind your ear, would have thought you'd be old enough to see through those illusions.

Wow - what an incredibly articulate and powerfully reasoned post!

Originally posted by no1marauder
Wow - what an incredibly articulate and powerfully reasoned post!

Thanks, it's obvious isn't it, the guvamint can't give anything away that they haven't first taken, the stimulus package is just a bs money merry-go-round.

Originally posted by Wajoma
Thanks, it's obvious isn't it, the guvamint can't give anything away that they haven't first taken, the stimulus package is just a bs money merry-go-round.

That's not only far from obvious; it's dead wrong.

The spending will be deficit spending. Plus the bill contains something like $300 billion in tax cuts. How come the free market conservatives aren't supporting tax cuts for the average worker?

Originally posted by no1marauder
That's not only far from obvious; it's dead wrong.

The spending will be deficit spending. Plus the bill contains something like $300 billion in tax cuts. How come the free market conservatives aren't supporting tax cuts for the average worker?

Ahh, so you are still fooled by the magicians illusions, deficit spending, yes No1 that makes it all hunky dory, taking out a mortgage.

Naturally I support tax cuts, whether there's a recession or not.

The answer, whether there is a recession or not, is get out of the way of the productive.

Originally posted by Wajoma
Ahh, so you are still fooled by the magicians illusions, deficit spending, yes No1 that makes it all hunky dory, taking out a mortgage.

Naturally I support tax cuts, whether there's a recession or not.

The answer, whether there is a recession or not, is get out of the way of the productive.

Your statement "the guvamint can't give anything away that they haven't first taken" remains wrong, doesn't it?

Deficit spending in a sharp recession is necessary. Unfortunately, Republican administrations by massive cuts on all types of taxes that are (or used to be) paid by the wealthy ran up huge unnecessary deficits. This will have to be addressed after the current economic crisis passes. Putting the wealthy's tax burden back to pre-Reagan levels and slashing our bloated and unnecessary military spending would yield sufficient surpluses to start paying down the debt once the economy is out of the Bush recession.

The average worker is the productive force in society. I agree the elites should get out of his way and off of his back.

Originally posted by no1marauder
Your statement "the guvamint can't give anything away that they haven't first taken" remains wrong, doesn't it?

Deficit spending in a sharp recession is necessary. Unfortunately, Republican administrations by massive cuts on all types of taxes that are (or used to be) paid by the wealthy ran up huge unnecessary deficits. This will have t ...[text shortened]... uctive force in society. I agree the elites should get out of his way and off of his back.

What "elites"?

How do they get in the way?

You suffer another misconception, that wealthy people build a big pile of money and stash it under their bed or swim around in it like Scrooge McDuck.

Originally posted by Wajoma
What "elites"?

How do they get in the way?

You suffer another misconception, that wealthy people build a big pile of money and stash it under their bed or swim around in it like Scrooge McDuck.

You seem to be under the misconception that the wealthy are the productive force in society. In fact, they are mostly parasitic.

Here's a good example of how the rich pay themselves for a job well done. http://consumerist.com/5151444/ny-ag-before-losing-15-billion-merrill-lynch-quietly-made-696-employees-millionaires

Originally posted by no1marauder
What, pray tell, is your approach to the present economic crisis?[/b]

Well the name of the game is spending money. That means spending money I have and money I don't have. In fact, I'm maxing out my credit and spending it all. That should do the trick!! 😛

Originally posted by whodey
Well the name of the game is spending money. That means spending money I have and money I don't have. In fact, I'm maxing out my credit and spending it all. That should do the trick!! 😛

Consumer spending is always the most important component of economic activity. It is unfortunate that wrong headed economic policies in the US have left average worker income stagnating and their debt levels rising explosively. That's no way to economic health no matter what the fat cats say (income inequality in the US is at its highest level since 1928 "coincidentally"😉.

EDIT: Here's a nice little article on income inequality trends this century in the US. http://elsa.berkeley.edu/~saez/saez-UStopincomes-2006prel.pdf