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Shh! We're being kenynesian, just roll with it.
Our own banks are selling us out.
http://www.ft.com/cms/s/0/182a2b70-b...44feabdc0.html
Yeah, just keep supporting deficit stimulus spending.
Shh! We're being kenynesian, just roll with it.
Overblown. Their mission is to preserve value for their shareholders and depositors and increase it if all possible.
the USD, if somehow it's fiscally expedient to do so, short term. It's a rough old world out there. It looks more like necessary diversification to me than an act of disloyalty to country. Just saying.
As brilliant business guru, CC, what's your alternative to counter-cyclical spending to create jobs and get the economy going?
Qu'ils mangent de la brioche?
I'm not going to register just to read that article; but that you would think any company has loyalty to the U.S. and not money is laughable.
theres nothing we can do to "get it going"
we need a correction...we have to have a correction.
thats just the way it is.
but we damn sure dont need to go further in debt.
Example: take a family, up to their ass in debt in a huge house with tons of bills, tons of worthless consumer goods all around, and about to go under.
Should they keep using credit to stay afloat, or should they bite the bullet and allow their finances to stabilize at a realistic level?
As that applies to the US, if we keep borrowing to accomodate our current system, we are just going to keep: 1. keep digging ourselves in deeper; and 2. keep lining the pockets of the corrupt.
the correction has to happen, lets just hope we havent ed ourselves already to the point that the retraction wont send our country reeling...
lol "correction".
the correction, otherwise known as even more unemployment, people going hungry, increase in homelessness, increase in crime, all the way up to potential social upheaval
no miracle. more like corrective catastrophe.
regardless, if we dont eat it now, we will definitly be biting the bullet later
if this one doesnt kill us, and if we stop a correction from happening by trying to borrow our way out, the next one surely will
What CC forgot to mention...
NewsweekNothing is more important to Republican politicians these days than jobs and the deficit—at least according to Republican politicians. As House Minority Leader John Boehner put it in a "major economic address" on Tuesday, President Obama is "doing everything possible to prevent jobs from being created" while refusing to do anything at all "about bringing down the deficits that threaten our economy." Elect Republicans in November, Boehner assured his audience, and we will put an end to this insanity.
There's only one problem with Boehner's message: so far, the things that Republicans have said they want to do won't actually boost employment or reduce deficits. In fact, much the opposite. By combing through a variety of studies and projections from nonpartisan economic sources, we here at Gaggle headquarters have found that if Republicans were in charge from January 2009 onward—and if they were now given carte blanche to enact the proposals they want to—the projected 2010–2020 deficits would be larger than they are under Obama, and fewer people would probably be employed.
The math is pretty straightforward. Let's start with the deficit. According to the Congressional Budget Office, Obama's stimulus plan is projected to increase budget deficits over the next decade by $814 billion. That's a big number. But Republicans opposed the legislation refused to provide an alternative, and now insist that it's been a total failure. So let's be generous and subtract it from their side of the equation. The Obama deficit: $814 billion. The GOP deficit: $0.
Next up is health-care reform. Obama passed it; Republicans want to repeal it "lock, stock, and barrel." The reason, as Senate Minority Leader Mitch McConnell explained in July, is that "we all know that it's going to increase the deficit." Unfortunately for the GOP, though, nonpartisan experts tend to disagree. Just this Tuesday, for example, the CBO released a letter saying that Obama's health-care-reform legislation would "reduce the projected budget deficit by $30 billion over the next 10 years,” while repealing the law would generate "an increase in deficits ... of $455 billion ... over that period." Factor those figures into the equation and the Obama deficit falls to $784 billion. The GOP deficit, meanwhile, rises to $455 billion. Getting warmer.
Yeah if we don't all die tomorrow then we'll probably die the day after tomorrow.
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