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Cubie
Moderator




Registered: 01/11/08
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zappaisgod]
#7902632 - 01/19/08 05:27 PM (16 years, 13 days ago) |
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Where did you hear this OP?
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zappaisgod
horrid asshole


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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Cubie]
#7902664 - 01/19/08 05:34 PM (16 years, 13 days ago) |
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Hear what?
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im_on_a_boat
Stranger

Registered: 04/06/06
Posts: 3,950
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zappaisgod]
#7902691 - 01/19/08 05:41 PM (16 years, 13 days ago) |
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about the $800.. i'm very interested too i haven't heard about this anywhere else.
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gettinjiggywithit
jiggy


Registered: 07/20/04
Posts: 7,469
Loc: Heart of Laughter
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: im_on_a_boat]
#7902742 - 01/19/08 06:00 PM (16 years, 13 days ago) |
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http://www.newstarget.com/z019659.html
According to the St. Louis Federal Reserve bank, America is bankrupt. Please read the above link for an eye opener.
Why is Bernake doing this at a time like this?
-------------------- Ahuwale ka nane huna.
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zappaisgod
horrid asshole


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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: im_on_a_boat]
#7902750 - 01/19/08 06:02 PM (16 years, 13 days ago) |
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Quote:
drkrobotnik said: about the $800.. i'm very interested too i haven't heard about this anywhere else.
It's been bandied about in newspapers. All speculative.
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zappaisgod
horrid asshole


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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: gettinjiggywithit]
#7902805 - 01/19/08 06:16 PM (16 years, 13 days ago) |
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Quote:
gettinjiggywithit said: http://www.newstarget.com/z019659.html
According to the St. Louis Federal Reserve bank, America is bankrupt. Please read the above link for an eye opener.
Um, well no, it is not "According to the St. Louis Federal Reserve bank." They printed an opinion piece "authored by a Boston University teacher named Prof Kotlikoff" in their publication "Federal Reserve Bank of St Louis Review." That does not quite rise to the level you give it. It is not the official position, as far as I can tell.Quote:
Why is Bernake doing this at a time like this?
Doing what?
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bmiles
artist



Registered: 12/31/07
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zappaisgod]
#7902820 - 01/19/08 06:20 PM (16 years, 13 days ago) |
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Quote:
zappaisgod said: This is supposed to be about economic stimulus, not a welfare program for losers.
-------------------- Never go with a hippy to a second location.
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bmiles
artist



Registered: 12/31/07
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Loc: on the left side
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: gettinjiggywithit]
#7902855 - 01/19/08 06:28 PM (16 years, 13 days ago) |
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Quote:
gettinjiggywithit said: http://www.newstarget.com/z019659.html
thats a good article, worth reading.
-------------------- Never go with a hippy to a second location.
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gettinjiggywithit
jiggy


Registered: 07/20/04
Posts: 7,469
Loc: Heart of Laughter
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zappaisgod]
#7902903 - 01/19/08 06:41 PM (16 years, 13 days ago) |
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Doing this-
 
I was being speculatively sarcastic.
No one seems to know exactly what the plan will be, from the portion of Bernakes speaking on it that I saw this week, I heard him say that a tax credit isn't fair to those without a job and who are not paying taxes. It won't help them see any money. He was discussing the option of sending a $150 check to everyone that makes under $55,000 a year.
That's when I shut it off.
-------------------- Ahuwale ka nane huna.
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zappaisgod
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: gettinjiggywithit]
#7902916 - 01/19/08 06:44 PM (16 years, 13 days ago) |
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Are you serious? I hadn't heard anything at all like that. This $800 deal is being floated by Bush. Bernanke has nothing to do with it.
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gettinjiggywithit
jiggy


Registered: 07/20/04
Posts: 7,469
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zappaisgod]
#7903087 - 01/19/08 07:21 PM (16 years, 13 days ago) |
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Dead serious.
Who knows for sure what they will actually do next though. It is all talk floating around right now.
-------------------- Ahuwale ka nane huna.
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im_on_a_boat
Stranger

Registered: 04/06/06
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: gettinjiggywithit]
#7903098 - 01/19/08 07:25 PM (16 years, 13 days ago) |
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well if it is the bush admin's idea... they'd better get on it because his time is almost up.. would be a good PR move for his admin too.. kinda close off his presidency with a bang.
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Madtowntripper
Sun-Beams out of Cucumbers



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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zappaisgod]
#7903191 - 01/19/08 07:46 PM (16 years, 13 days ago) |
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Quote:
zappaisgod said: But I'll be fucked if I'm interested in giving a bunch of stupid no account morons who don't know how to read a goddamn mortgage contract any more of my money.
I disagree w/ everything you said except for that.
I have no sympathy for all of these idiots who are losing their houses because they signed a mortgage they didn't understand.
Get a fucking lawyer if you don't speak legal-ese.
-------------------- After one comes, through contact with it's administrators, no longer to cherish greatly the law as a remedy in abuses, then the bottle becomes a sovereign means of direct action. If you cannot throw it at least you can always drink out of it. - Ernest Hemingway If it is life that you feel you are missing I can tell you where to find it. In the law courts, in business, in government. There is nothing occurring in the streets. Nothing but a dumbshow composed of the helpless and the impotent. -Cormac MacCarthy He who learns must suffer. And even in our sleep pain that cannot forget falls drop by drop upon the heart, and in our own despair, against our will, comes wisdom to us by the awful grace of God. - Aeschylus
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zorbman
blarrr



Registered: 06/04/04
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: im_on_a_boat]
#7903192 - 01/19/08 07:46 PM (16 years, 13 days ago) |
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Quote:
kinda close off his presidency with a bang.
I'm sure there are a lot of people who would like to end the Bush presidency with a bang.
But seriously, this so-called stimulus is a joke. And everyone knows it. You don't end a recession by piling on more government debt.
Twenty years of easy credit have gotten us to this point. It gave rise to bad debt which must be cleansed off the books.
That can happen in one of two ways: 1) Default.
Or the way I envision: 2) Monetizing of the debt. In other words Mr. Bernanke makes his famous helicopter drop of cash which inflates the currency and past debt is repaid in future worthless dollars. Not so good for the american people but they are unimportant to these folks. The banking system is. It will be saved at all costs.
-------------------- “The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.” -- Rudiger Dornbusch
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zappaisgod
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zorbman]
#7903222 - 01/19/08 07:51 PM (16 years, 13 days ago) |
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Governments don't go into a recession, the people do. Any return of funds to the people who pay taxes will have a stimulating effect. And hopefully it will make the government cut spending. I don't give much of a shit if the government runs a deficit, it's the people that matter. They need to keep and spend their money, not send it down an entitlement rathole.
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Madtowntripper
Sun-Beams out of Cucumbers



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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zappaisgod]
#7903277 - 01/19/08 08:02 PM (16 years, 13 days ago) |
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There is no way the government is cutting spending.
Its just not going to happen.
Sorry.
-------------------- After one comes, through contact with it's administrators, no longer to cherish greatly the law as a remedy in abuses, then the bottle becomes a sovereign means of direct action. If you cannot throw it at least you can always drink out of it. - Ernest Hemingway If it is life that you feel you are missing I can tell you where to find it. In the law courts, in business, in government. There is nothing occurring in the streets. Nothing but a dumbshow composed of the helpless and the impotent. -Cormac MacCarthy He who learns must suffer. And even in our sleep pain that cannot forget falls drop by drop upon the heart, and in our own despair, against our will, comes wisdom to us by the awful grace of God. - Aeschylus
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zorbman
blarrr



Registered: 06/04/04
Posts: 5,952
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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: Madtowntripper]
#7903370 - 01/19/08 08:20 PM (16 years, 13 days ago) |
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There is no way the government is cutting spending.
Probably the best we can hope for short-term is a halt in the growth of spending. And since government spending accounts for about one-third of economic activity overall (if memory serves) that in itself will intensify, rather than alleviate, the recession.
In the long-run they will have no choice but to cut spending as painful as it may be ala' early 80's Reagan era.
We have to take our medicine.
-------------------- “The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.” -- Rudiger Dornbusch
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zappaisgod
horrid asshole


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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zorbman]
#7903426 - 01/19/08 08:28 PM (16 years, 13 days ago) |
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Am I getting this right. You think that cutting government spending will spur a recession? If the government doesn't have the money, the people do. The people are much more efficient utilizers of currency than the government. Now then, where would the money be best utilized? With the government or with the people? Or are you advocating even more government deficit spending?
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BrAiN
Art Fag


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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: zappaisgod]
#7903498 - 01/19/08 08:43 PM (16 years, 13 days ago) |
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This sums up what I think about these crowd pleasing tax rebates
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BrAiN
Art Fag


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Re: Econ Stimuli....$800 per person.......Yeah!!!!!??? [Re: BrAiN]
#7903518 - 01/19/08 08:46 PM (16 years, 13 days ago) |
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only the highest tax paying ppl would prolly get 800.. avg chumps like u an me would probably get 400
I'd use it to catch up on credit card payments
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