President Barack Obama (AP Photo)
Posted on 01/29/2009 4:56:18 AM PST by markomalley
“I take it this way,” King told CNSNews.com on Wednesday. “If FDR had not essentially lost his nerve and pulled back towards a balanced budget, he would have spent more money, the New Deal would have been a bigger deal, and it would have then brought us out of the Depression. That mindset tells us what’s driving this stimulus approach.”
The $819 billion stimulus package passed in the House of Representatives Wednesday evening, on a vote of 244 to 188 – no Republicans voted in favor of the package.
“Then World War II came along and was the biggest stimulus plan ever.”
Hmmmm?
The "Axis" is zero's super bowl pick.
Anyone know the over and under?
Just some more BS from the retards now running this counrty...into the ground.
They speak thir native language..lie.
***The $819 billion stimulus package passed in the House of Representatives Wednesday evening, on a vote of 244 to 188 – no Republicans voted in favor of the package.***
Let’s hope they continue to show some balls for the next 4 years.
Obama is next Jimmy Carter...”one & done!”
Obama’s brain is too small.
“You can’t fool all of the people all of the time.”
But with a fully complicit media, you can fool most for long enough these days.
He very may well be the next FDR (God forbid). If he can convince people the the cure is more government like FDR did during the Depression, he can always say, “Think about how bad things would be if we hadn’t done anything”. I think that would mark the final blow to what semblance of capitalism we still have in this country.
I believe Margaret Thatcher said socialism works until you run out of other people's money.
I'd like to add the corollary "Productive people quickly figure out they are being robbed and stop producing fruit to be stolen by others."
If productivity only benefits the non-productive, why bother?
If 2 plus 2 is 4...still, and there still exists in the UNIVERSE the laws of sowing and reaping, I don’t know HOW we can pay the bill in 20 years, if we can’t pay them NOW. Borrowing money when you can’t pay what you OWE now never have seen it bring prosperity and financial strength and security to any home, any business, any school, any bank. So, do we just keep borrowing money to make it a bigger deal? Am I weird for saying that this doesn’t make sense?
Without real (ie, non-government) jobs, no stimulus can do much good.
The Democratic stimulus has lots of similarity to the war spending. They will dump tons of money into ratholes (e.g. alternative energy). A small portion of the spending will stimulate some sustainable growth. The rest will just suck energy (the real thing) and savings from the productive economy. Ultimately the deficits created will raise market interest rates and further stifle the economy (unless they monetize and inflate to keep rates low).
Obamalamadingdong wanted at least a few Republicans to vote for it so he'd have cover and he'd be able to say that it was a "bipartisan" effort. It'd be great if the Senate would take a lesson from the House and do the same thing, although I doubt they will. If they did Obamalamadingdong and the 'Rats in Congress would own this one all by their lonesome. No doubt about it.
You’re not weird. We can only sell as much debt as people are willing to buy, and ultimately that can’t go on forever. If the government wants tot continue it’s insane deficit spending, it can always monetize, meaning the federal reserve buys the debt and prints money to pay for it. They’re probably doing some of that now anyway.
The only way I see out of this down the road is the ultimate destruction of the dollar through monetizing (massive inflation) or a default on government debt. That may be awhile down the way, but I just don’t see how we can ever pay this money back.
OMG, we are SO screwed.
That is how liberalism always works. Whatever huge program they’ve instituted that hasn’t worked (and usually has proven counterproductive) has only failed in their minds because it wasn’t huge enough!
Another way to look at it, because as PJ O’Rourke says liberalism is communism sold by the drink, the liberals are never satisfied with a full glass when thinking of at all the courage they could get from the bottles behind the bar.
Let’s hope. Unfortunately, this is the Senate we’re talking about.
Just one word. Delusional. Amen.
Sadly, defense spending wont bailus out this time
First, ALL the jet engine makers have more than 60% of their production doen overseas, and that means they employ less than 20% of their original work force here in the US, and any money sent there to build engines for new aircraft would actually create more jobs OVERSEAS than here!
Second, there ar no programs that are new that can be started within 3 years of today.
Ony those already in the pipeline would even work and most of them wont start for another year
Third, the environmental Nazis would fight any new project/plan/construction to keep themselves alive.
Fourth: DEMOCRATS HATE THE MILITARY, so they wont do any military spending stimulus anyways.
***WWII was not a stimulus for anything sustainable, it was the biggest malinvestment of all time. What got the economy moving was savings and major sacrifice by civilians which turned into long term investments after the war.***
Yeah, just because we were producing a lot and had full employment didn’t mean the economy was fundamentally sound. And it’s not as if the production went towards goods that raised our standard of living.
***A small portion of the spending will stimulate some sustainable growth.***
IMO, at the expense of private sector growth.
***Ultimately the deficits created will raise market interest rates and further stifle the economy (unless they monetize and inflate to keep rates low).***
If interest rates go up, the amount of interest paid on the debt goes through the roof, further increasing the debt. But like you said, there’s always monetizing...
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