Thread: Bad News for the Party of NO

Originally Posted by daddio

the useless spsnding is harming job growth as it subtracts money from the pool of capital out there.

could you explain this for me? how does government spending REDUCE the pool of capital? what do you mean by this?

If the economy turns around, Republicans will mmake even make more money, which means Oh no higher taxes. I always wished I was paying a million a year in taxes, because that would mean I was pulling in a pretty good income. Repubs don't think that way.

Originally Posted by bg85

could you explain this for me? how does government spending REDUCE the pool of capital? what do you mean by this?

where did they get the money ? as we all know, they borrowed it.

if the government borrows 3/4 of a trillion dollars from those with money to lend, thats 3/4 of a trillion not available for lending to anyone else.

now if the government haw its own money to lend then it might be q different story. even then, it would have been better to simply give back that money that it took via taxation and return it. then the consumer portion of the economy, you know the part that represents 70 %, wel it could get back to doing what it does.

see, wasnt that easy to understand ?

Originally Posted by daddio

where did they get the money ? as we all know, they borrowed it.

if the government borrows 3/4 of a rillion dollars from those with money to lend, thats 3/4 of a trillion not available for lending to anyone else.

well that's the thing, daddio, no one was lending it out to anyone else.

There is amble evidence that government spending has a detrimental effect on the GDP.

http://www.uspoliticsonline.com/economic-issues/56775-government-stimulus-spending-effect-less-than-1-a.html

Besides drying up capital, it makes poor investments, and inefficient investments.

Who is this turn around working for?
Wall Street Boys and Girls?
The Rich that did not lose much?

When the average person is asked on the street they are telling a totally different story, or is it they are just to stupid to know better?

Originally Posted by bg85

well that's the thing, daddio, no one was lending it out to anyone else.

and why ? because t-bills are safer as a risk.

moreover, DC made it clear that they would come a-callin.

so US banks were screwed up and unable to obtain access to this money. but others were not. it was just a matter of time before they started looking elsewhere and not long as those with money cannot just sit on the cash.

we rather predictably, made life easy for them and dramatically increased our dependence.

Originally Posted by AkDiesel

Who is this turn around working for?
Wall Street Boys and Girls?
The Rich that did not lose much?

When the average person is asked on the street they are telling a totally different story, or is it they are just to stupid to know better?

what turn around ?

Originally Posted by AjaxPress

So what? Once the value of those homes goes down to an appropriate level they'll be filled and the housing market will stabalize. The problem is that Republicans are trying to keep the prices artificially high so that the government can buy these overpriced "toxic assets".

You could be a little slow. You think it's the Republicans that are trying to keep the prices artificially high? Seriously, do you even know what's going on in this country? The Dems pushed out a bill that gave first time home buyers $8k. That caused more people to buy houses and the influx added to the free $8k down payment causes artificial pricing on the houses.

*sigh* kids these days.

Originally Posted by Knute

I maintain that I am not the gullible one. When I say something I usually source it and try to put it into context while the right just regurgitates the line of shit that Beck and Limbaugh feed them and do not even attribute THAT nonsense to them.

The irony.

Originally Posted by Knute

I maintain that I am not the gullible one. When I say something I usually source it and try to put it into context while the right just regurgitates the line of shit that Beck and Limbaugh feed them and do not even attribute THAT nonsense to them.

Originally Posted by redrover

If the economy turns around, Republicans will mmake even make more money, which means Oh no higher taxes. I always wished I was paying a million a year in taxes, because that would mean I was pulling in a pretty good income. Repubs don't think that way.

How about reducing government waste which would reduce taxes also....I see you live in NY as I do.....the taxes we working class pay out is BS, all freaking government waste.

Poor people forget one important thing....The rich keep the nation going, they invest their money.....Money that gets used for new job growth and etc.

The more taxes they have to pay in, the less that get invested....it not like they wipe their ass's or smoking all that money....

so while you may have a chip on your shoulder over rich people, you better think again about how they contribute to this country.

Originally Posted by daddio

if the government borrows 3/4 of a trillion dollars from those with money to lend, thats 3/4 of a trillion not available for lending to anyone else.

Sorry, but you are wrong. For each buck on their accounts, who ever it owns, a bank can borrow nine bucks form the fed - but it hs to give give it away as a loan. Who ever buys this loan after someone else signed that he will repay it, can borrow 8.1 bucks from the fed and give it away as a loan, too. That loan can be sold and the fed will grant a fresh loan of 90% of the previous loans size, as well. If you take this effect to an extreme, with it's .75 trillion loan, the government might actually have enabled loans in dimensions a common handheld calculator might not be able to calculate.

It's important to know that ALL money circulating was created by debt, that the system needs fresh money or it will collapse horribly, and that debt is the only source of new fresh money. And due to the fact that there is interest on the loans and that the banks have to repay the fed, there is always more debt than money circulating in the system.

The problem is that with each and every new dollar bill, all dollar bills are worth less. And in every monetary system, there is that amount of X dollar bills which marks the point of no return, the moment when "worth less" becomes "worthless".