Thursday February 16, 2012

JAPAN NEWS AND DISCUSSION

Obama predicts quick OK on economic rescue plan

World Jan. 06, 2009 - 05:30AM JST ( 6 )

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6 Comments

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SargeJan. 06, 2009 - 11:28AM JST

Obama's gonna spend us out of this recession. Either that or he's gonna spend us into ever higher debt.
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adaydreamJan. 06, 2009 - 12:52PM JST

If it's up to Mitch McConnell and his gang of followers he'll have nothing to do with this package. He likes the tax cuts, then it goes dowm hill from there.

I'm hoping there are enough republicans that see that there has to be something done after the last 8 years. A change in direction is due.

But I don't think he's going to worry about the middle class. He has bigger dollar signs in sight. < :-)
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SushiSake3Jan. 06, 2009 - 04:32PM JST

Sarge - "Either that or he's gonna spend us into ever higher debt."

Your guy racked up $6 trillion in addition debt.

Use that as a benchmark.
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HeathenCabinJan. 07, 2009 - 03:33AM JST

Obama predicts quick OK on economic rescue plan

The only thing this will insure is more problems. SushiSake3 thinks that it is 6 trillion, its actually above 8.4 trillion now. You cannot spend your way out of recession when the whole system is a scheme. The government thinks it can solve all the problems that it created, all the problems that it built on central planning of the banking system.

Go ahead Obama, just print till everything is magically fixed!
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adaydreamJan. 07, 2009 - 04:10AM JST

So HeathenCabin since george bush/republicans started two wars, deregulated the stock markets, gave away $4Trillion to the top 1% of the population, worked hard to get 7% unemployment and created this 8.4 Trillion defit.

Since we can't spend our way out of this, your suggestion is what? < :-)
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HeathenCabinJan. 07, 2009 - 06:43PM JST

So HeathenCabin since george bush/republicans started two wars, deregulated the stock markets, gave away $4Trillion to the top 1% of the population, worked hard to get 7% unemployment and created this 8.4 Trillion defit.

Since we can't spend our way out of this, your suggestion is what? < :-)

If your want real numbers, it is far beyond 8.4 trillion, 12 trillion, its probably beyond 50 trillion-some say with all the "government obligations" added up from future commitments it is past 80 trillion. So how do you spend money that does not exist?

Obviously you think that this is all a Republican problem, and it is not though Republicans what I would call "lesser socialists." Everyone probably thinks that spending money (that has to be borrowed, on top of already borrowed magic money) will fix this. People make the mistake of claiming that the stock market was deregulated- the market is not a free market, the government intervenes and screws everything up, not to mention ever increasing regulations/laws! People think socialism will work, well guess what the US is a socialist state and it is failing! Now everyone will champion in more state intervention, more socialism only to have more severe problems later on then some idiot will be crying for more government help, again, just like always.