The phrase “It would have been WORSE if we didn’t do anything” is nothing more than a politician admitting FAILURE ht
45 Replies to ““It would have been WORSE had we done nothing about it…””
I would be very interested to see this chart in 2014 when we have five years of actual data.
doesn’t matter what the data will be in 5 years. This depression is following the same pattern as the 30’s, only worse.
“The phrase “It would have been WORSE if we didn’t do anything” is nothing more than a politician admitting FAILURE”
Does that apply to the current so-called “conservative” Prime Minister of Canada and his sycophant, kool-aid drinking blogger enablers?
sadly all discussion was squealched.
The only truely valueable thing was liquidity into the financial system to prevent runs. The lowering of rates also is valueable. After that…I have significant doubts. Everyone keeps arguing that when the money gets spent…apparently the stimulus money hasnt been spent yet, then we will the effects.
This is still a monetary event. The “crisis” is not over until the very real losses have been realized through writedowns and writeoffs or the assets recover in value. That has not been done.
The rest is noise.
Recovery plan , denial, anger, bargaining, depression, acceptance.
Obama’s tactics of dealing with the real world are misinformation, manipulation, and, if you disagree with him, accusations of bias. He doesn’t live in the real world but in a fictional world that he himself authors.
This outline is yet another example, where he can claim that ‘This is due to That’, merely because he says so. There is no proof. None.
And the statement that ‘It would have been worse if we didn’t do anything’ is yet another fiction. It’s called a counterfactual, which is an If-Then assertion, which is based on an inability to validate the ‘IF’ clause.
IF Napoleon had won at Waterloo, THEN..blah blah.
The key point is that to assert that IF we did nothing, THEN, it would be worse, is unprovable.
So, you have to confine yourself to trying to provide evidence that what you did is directly linked to what is going on (jobs). Obama can’t prove this and yet, he ignores reality and insists that we accept his textual reality, the fictional world he lives in. If we don’t, then, we are ..biased, ignorant..etc.
This chart is not really surprising….
1. It clearly shows that the hope and change agenda is mostly hope…
2. It also shows the engineers haven’t clue one about the economic history of the Great Depression….
3. Stephen is more correct than he knows….
**This is still a monetary event. The “crisis” is not over until the very real losses have been realized through writedowns and writeoffs or the assets recover in value. That has not been done.**
4. BamBam’s protectionist agenda and nationisation of the auto industry is just making a bad situation worse—-and repeating history.
I like how the projections for both With and Without have a 20% increase in unemployment from 07 to 14.
So With or Without, we have 5% unemployment by 2014. Guaranteed. By the Prez. Guaranteed.
It doesn’t matter what actually happens . . . reality is what Obamassiah SAYS happens.
Kinda like the global warming hysterics . . . doesn’t matter what the data says, it is what their models predict that is the new reality . . and keeps the research money flowing 🙂
AreThereAnyMoreConservaives;
You do not visit very often do you. If you did you would know how much crticism Harper runs into here. Sorry but you lefty d*psh*ts have a virtual monopoly on the koolaid concession.
People who push money to one group in maximum and
cut job and minimum life for living
will lead society to more mental ill and
more corruption among Canadian
why some group made more and one group are become Zero while they can prevent this to happend or
made new plan to change balance society.
Capitalism vs socialism may both has advantage and disadvanatge
but push money to one group moer and made other unemployed will lead to more crime and more
mentally ill and destroy talent
compare of African country vs. West
compare country with more unemployeed and has more crime vs country who balance this down to less unemployee numbers
If we have more problems it made lawyers and police , politican more busy and if we have less problems made business peopel more busy made the choice and play big rules in racism get play too
===========================
For more information: How Change for better society – and understand
what cause of those problems
Go to ‘Yahoo.com’by typing: http://ca.yahoo.com/
then Go to yahoo mail: sign in to yahoo then type
Yahoo! ID: then type
Yahoo ID: freepublicemailcontentstoread@yahoo.ca
Password: freeemailcontents
Go to inbox:
Then down load the file called:
Mental-ill.reference.doc
read all to change society and know all crime and
problems are related to those topics
It looks like about the 3rd. quarter of 2010 will be the time of recovery. Let’s see what Obama has to say then. According to our Gov’t; We should recover before the end of this year.
It looks like about the 3rd. quarter of 2010 will be the time of recovery. Let’s see what Obama has to say then. According to our Gov’t; We should recover before the end of this year.
It looks like about the 3rd. quarter of 2010 will be the time of recovery. Let’s see what Obama has to say then. According to our Gov’t; We should recover before the end of this year.
It looks like about the 3rd. quarter of 2010 will be the time of recovery. Let’s see what Obama has to say then. According to our Gov’t; We should recover before the end of this year.
Vis or vis out a plan, unemployment vill go up!
Zis is ze new CHANGE, ze economy vill experience NEGATIVE GROWTH! Das ist good, ja?
Zen vee vill all experience NEGATIVE HOPE!
So zere you have it, ze plan is NEGATIVE HOPE und SPARE CHANGE.
Vy learn from history ven you can REPEAT it!?!
Cheers
Hans-Christian Georg Rupprecht, Commander in Chief
1st Saint Nicolaas Army
Army Group “True North”
new; Could you post your comments again, preferably in English.
What politicians did was to reduce the pain by sacrificing the time element.
We all knew it was going to be real bad. The strategy is to soften the blow because nothing could be done to negate it.
I would like to pass a motion that Captain gets court-martialed for drug use.
How has the blow being softened? It is bad and now they are in debt up to their eyeballs and investors are taking a pass. I can’t quite wrap my head around it is going to be better sans investment. You can make your own credit card but it isn’t the same as American Express.
I think you missed the gist of the graph. Even if they did nothing the results would have been the same, except for the whole massive indebtedness thingy.
Speedy,
Think of it this way. You can whip your credit card out and buy a speed boat; nothing more than a hole in the water to throw your money into.
Or you can use the credit card to purchase a blue chip investment. You still have to pay interest but you have something of value that increases in value. Big difference!
And that’s what Obama’s done…whipped out the national credit card and purchased something of value.
not stirred enough says “And that’s what Obama’s done…whipped out the national credit card and purchased something of value.”
Really? Do tell. What did he purchase of value?
By the way, read up on the concept of opportunity cost.
“AreThereAnyMoreConservaives;
You do not visit very often do you. If you did you would know how much crticism Harper runs into here. Sorry but you lefty d*psh*ts have a virtual monopoly on the koolaid concession.”
I’m no lefty but (and?) I am in some agreement with ATAMC. However, even the most superficial examination shows an enormous difference in degree between the actions of the US and the Canadian governments. There really isn’t much comparison.
That said, the govt.’s “stimulus” spending was unnecessary, excessive and harmful. I pray for a hidden agenda.
John Luft,
I’ve read up on opportunity cost and understand the concept. So I guess what you’re saying is that by not going to university over my lifetime I would actually earn more money. Is that correct?
If the US$ starts to plummet (because so much is being printed daily)…what the US pays today will be worth less tomorrow and even moreso next month. Perhaps, countries should move back to the gold standard (ie. money backed by gold assets) for the duration of this “monetary event.” It would result in governments having to reign in their spending habits.
~~favill~~
How bad does it need to get for you to come to realization that economy must be repatriated instead of being spread thin into the 3d world?
It’s a cash flow, stupid!
Any accountant here will tell you, that w/o cash any country is doomed. We allowed to replace domestic slavery where the business forced government to import cheap labour, with foreign slavery, where industry itself moved overseas. Locals are not getting paid, are not paying taxes, and are collecting EI and welfare, while the slaves abroad are getting paid a few dollars here and there. Then come their communist rulers, take half of it away and build the ballistic missiles that can target our aircraft carriers.
End result: Chicom are laughing their way to the bank and we suck d1ck for the lack of better occupation.
How bad does it have to get for you to realize that Marx’s theory of surplus generation was right? If only he choked on his coffee after writing that line!
IF and I mean IF stimulus does what it is supposed to do then the jobs created by it come with a cost – inflation and less growth in the future.
If it does not it, will be because it decreases confidence in the future due the anticipated mid to long-term impact noted above.
The fundamental question is this:
Did the stimulus spending put forward by Obama and his minions hurt american confidence more than it helped it – to the point that the economy suffered more job losses than it otherwise would have?
We won’t get an answer to this for a while yet(the jury is still out on FDRs New Deal – or perhaps more accurately it is under appeal – check The Forgotten Man for more on that), but the above graphic is not encouraging.
Meanwhile north of the 49th the honouring of the conservative’s committment at the G20 to stimulate
the economy by 2% of GDP was much done far better than the Obama spending orgy on two counts:
1. The stimulant has gotten into the economic bloodstream much faster and with far less political interference in CDA.
2. All of the spending is temporary and thus we will see a return to pre-crisis levels of spending in a year or so whilst in the US much of it was the establishment of permanent new entitlements.
In sum, under the circumstances – minority, G20 pressure, etc. – the CP and Prime Minister Stephen have done a fabulous job and stuck to their core conservative and good governance principles as much as possible without being deposed by left-wing savages.
You do not use a credit card to invest. You take out a loan where the interest is a tax deduction. If you spend money you do not have and buy the bonds that finance that debt what you are creating is a credit card backed by..nothing. The economy is not better for it and investors do not like changing the rules after you are losing the game. That is even more true when you know where they are going to go for the money. You don’t know I got it, you can’t get it.
not stirred enough, I know that you meant to be factious but, Bill Gates, Steve Jobs, Michael Dell, Mike Lazaridis are a few billionaires who are college drop outs that would agree with your assertion.
no_irony is obviously not aware of statistical correlations between wages and higher education.
What you have are outliers. You can’t generalize from outliers.
Silly chart.
It’s irrelevant. The stimulus was not to help the unemployed.
Your maroon dots should be track the rates of zombie bank executive bonus increases.
In fairness, the projections were all a bunch of numbers grabbed out of the air anyways. Doesn’t mean that the stimulus made things worse – just means that fuzzy logic was employed to justify the stimulus
It would be interesting to know how many people will actually see the graph and how many again will believe it and not think that somebody just made it up and would have even the slightest idea that is their own on how to proceed.
There are possible parallels in history to what the US government is doing.
Germany in the thirties, (minus, plus) they printed money not unlike the Obama team is doing now.
History tells the sequence of events; by the time that era ended it was @ about 1945.
This time the destruction of the economy may take much longer due to the fact that the economy was no doubt strong when Obama took over, in spite of the beginning of decline at the time. It would take some really serious jackass to destroy it in relatively short time.
It can be avoided by electing people that don’t want to see it happen. It is necessary that the population get the real picture, rather flowery picture of the never, never land by a demagogue.
The demagogue tells people that they sacrifice for their children, what a load of crap. The children will do their own economy if current one is not destroyed by the demagogue.
It is really up to the people, this demands well informed and active population. “Well informed” is the key phrase.
Pericles had this to say in his funeral speech:
We do not regard a man who does not participate in the city’s (Athens) life as one that minds his own business, rather a man who is good for nothing.
This was at the height of Athens power and culture.
On wanders how much of a crisis the demagogue needs to see destruction done.
This is the problem with the left, when proven wrong they simply say things like “watcher in the rye” just said or my personla favorite “our plan simply was not BIG enough”.
Global warming, economics it is all the same to them they simply create a situation where they predict doom and gloom, and when it does not happen (in spite of their boneheaded policies) they take the credit. It has always been that way simply look a t the history of the USA political parties. Democrats only get elected when a cyclical downturn happens, then claim that the cyclical upturn was their policies, simply the truth is that policy cannot change the cyclical motions in a semi-free market system.
Policies can change velocity but not direction.
Illiquid Assets;
I’m hardly a leftist. My gag was a poke at the real people the porkulus package aided – Zombie Banks.
A zombie bank refers to a financial institution with an economic net worth less than zero, but which continues to operate because its ability to repay its debts is shored up by implicit or explicit government credit support.
Banks kept alive by the bailouts to deposit insurance corporations to underwrite failed banks gave little help for the unemployed. It was a gross display of the type of government crony economics that exist in Russia and China.
In a healthy laissez faire free market insolvent businesses die and new more efficient ones take their place. Nowhere is it written in ant book on capitalism that insolvent or non competative businesses must last forever. Stimulus to capitalism’s biggest losers has interfered with the primal force of free market competition.
The unemployment is worse than thought = justy like global warming. Hmmm, another reason to lay waste to Western society???
Free market competition…
You people have to make up your minds. It’s either good or bad, you can’t have it both ways.
Take a recent mention of reinsurance companies scaring the world into believing in AGW and raking in enormous profits. Is it good or bad, is it free market or not?
Another interesting question is how do the LTTE and Al Qaeda fit into the picture. Are they helping to scare the world more and rake in enormous profits? Looks like they do. You connect the dots.
I apologize for my comment “watcher in the rye” since I missed its intent, my bad, also my unclear double statement that would seem contrary to itself.
They were actually 2 statements in my previous comment the first related to the post and that this simply allows them to push blame off or to take another whack at it with the Son of Stimulus because it was worse than they thought. Which leads me to the second part..
they need things to get worse in BOTH the economic and AGW scenarios for a period of time to create urgency
…its related to the practice of creating doomsday scenarios and taking credit when they do not come to pass. Things getting worse does not hurt their position, it actually helps with their hurry up legislative agenda. When things change due to normal cyclical trends they simply must have a policy in place to claim the credit, like Global Warming. The problem is warming has taken a holiday and they have a very small window before the dam of concensus bursts to get some sort of measure in place to claim that they averted disaster. That is why the intent interest in Arctic Ice, because it can create a short term panic like in 2007.
When the chart came out this was determined to be scary enough, but just like Global Warming the first predictions were much lower than the latest ones, so reality being worse is good, getting better too soon is bad. Hope that makes more sense now.
Barack Obama LIAR LIAR,PANTS ON FIRE,HANGING FROM A TELEPHONE WIRE
I think Obama doesn’t care about inflation, because he has a ready answer,which he is already piloting on executive pay. Wage and price controls. It will work great.
“In fairness, the projections were all a bunch of numbers grabbed out of the air anyways. Doesn’t mean that the stimulus made things worse – just means that fuzzy logic was employed to justify the stimulus”
That is pretty funny… ha ha ha… so we borrowed a trillion dollars based on a tissue of lies? Ha ha ha, good one Barrack! He is such a card, that one.
>> Free market competition…
You people have to make up your minds. It’s either good or bad, you can’t have it both ways.
You people? As opposed to whom? Are we not all struggling to gain personal economic independence?
To clarify your obviously muddy concepts of the free market, the emergent businesses you mention rely on dubious theory or fallacious culpability to sell their product. Although ethical market regulation generally only applies to small players, at the higher levels it is as always buyer beware because at this level laisezfaire capitalism does not exist, only crony oligopoly.
Wading into the lightly regulated high end of the AGW insurance, carbon trading and AGW tech market as a buyer with little or distorted information on the “problem” the product you want will solve is like a sucker walking into a clip joint.
So far as I can determine the AGW industries springing up have the PT Barnum business ethic.
I would be very interested to see this chart in 2014 when we have five years of actual data.
doesn’t matter what the data will be in 5 years. This depression is following the same pattern as the 30’s, only worse.
“The phrase “It would have been WORSE if we didn’t do anything” is nothing more than a politician admitting FAILURE”
Does that apply to the current so-called “conservative” Prime Minister of Canada and his sycophant, kool-aid drinking blogger enablers?
sadly all discussion was squealched.
The only truely valueable thing was liquidity into the financial system to prevent runs. The lowering of rates also is valueable. After that…I have significant doubts. Everyone keeps arguing that when the money gets spent…apparently the stimulus money hasnt been spent yet, then we will the effects.
This is still a monetary event. The “crisis” is not over until the very real losses have been realized through writedowns and writeoffs or the assets recover in value. That has not been done.
The rest is noise.
Recovery plan , denial, anger, bargaining, depression, acceptance.
Obama’s tactics of dealing with the real world are misinformation, manipulation, and, if you disagree with him, accusations of bias. He doesn’t live in the real world but in a fictional world that he himself authors.
This outline is yet another example, where he can claim that ‘This is due to That’, merely because he says so. There is no proof. None.
And the statement that ‘It would have been worse if we didn’t do anything’ is yet another fiction. It’s called a counterfactual, which is an If-Then assertion, which is based on an inability to validate the ‘IF’ clause.
IF Napoleon had won at Waterloo, THEN..blah blah.
The key point is that to assert that IF we did nothing, THEN, it would be worse, is unprovable.
So, you have to confine yourself to trying to provide evidence that what you did is directly linked to what is going on (jobs). Obama can’t prove this and yet, he ignores reality and insists that we accept his textual reality, the fictional world he lives in. If we don’t, then, we are ..biased, ignorant..etc.
This chart is not really surprising….
1. It clearly shows that the hope and change agenda is mostly hope…
2. It also shows the engineers haven’t clue one about the economic history of the Great Depression….
3. Stephen is more correct than he knows….
**This is still a monetary event. The “crisis” is not over until the very real losses have been realized through writedowns and writeoffs or the assets recover in value. That has not been done.**
4. BamBam’s protectionist agenda and nationisation of the auto industry is just making a bad situation worse—-and repeating history.
I like how the projections for both With and Without have a 20% increase in unemployment from 07 to 14.
So With or Without, we have 5% unemployment by 2014. Guaranteed. By the Prez. Guaranteed.
It doesn’t matter what actually happens . . . reality is what Obamassiah SAYS happens.
Kinda like the global warming hysterics . . . doesn’t matter what the data says, it is what their models predict that is the new reality . . and keeps the research money flowing 🙂
AreThereAnyMoreConservaives;
You do not visit very often do you. If you did you would know how much crticism Harper runs into here. Sorry but you lefty d*psh*ts have a virtual monopoly on the koolaid concession.
People who push money to one group in maximum and
cut job and minimum life for living
will lead society to more mental ill and
more corruption among Canadian
why some group made more and one group are become Zero while they can prevent this to happend or
made new plan to change balance society.
Capitalism vs socialism may both has advantage and disadvanatge
but push money to one group moer and made other unemployed will lead to more crime and more
mentally ill and destroy talent
compare of African country vs. West
compare country with more unemployeed and has more crime vs country who balance this down to less unemployee numbers
If we have more problems it made lawyers and police , politican more busy and if we have less problems made business peopel more busy made the choice and play big rules in racism get play too
===========================
For more information: How Change for better society – and understand
what cause of those problems
Go to ‘Yahoo.com’by typing:
http://ca.yahoo.com/
then Go to yahoo mail: sign in to yahoo then type
Yahoo! ID: then type
Yahoo ID:
freepublicemailcontentstoread@yahoo.ca
Password: freeemailcontents
Go to inbox:
Then down load the file called:
Mental-ill.reference.doc
read all to change society and know all crime and
problems are related to those topics
It looks like about the 3rd. quarter of 2010 will be the time of recovery. Let’s see what Obama has to say then. According to our Gov’t; We should recover before the end of this year.
It looks like about the 3rd. quarter of 2010 will be the time of recovery. Let’s see what Obama has to say then. According to our Gov’t; We should recover before the end of this year.
It looks like about the 3rd. quarter of 2010 will be the time of recovery. Let’s see what Obama has to say then. According to our Gov’t; We should recover before the end of this year.
It looks like about the 3rd. quarter of 2010 will be the time of recovery. Let’s see what Obama has to say then. According to our Gov’t; We should recover before the end of this year.
Vis or vis out a plan, unemployment vill go up!
Zis is ze new CHANGE, ze economy vill experience NEGATIVE GROWTH! Das ist good, ja?
Zen vee vill all experience NEGATIVE HOPE!
So zere you have it, ze plan is NEGATIVE HOPE und SPARE CHANGE.
Vy learn from history ven you can REPEAT it!?!
Cheers
Hans-Christian Georg Rupprecht, Commander in Chief
1st Saint Nicolaas Army
Army Group “True North”
new; Could you post your comments again, preferably in English.
This is the real answer.
http://video.google.com/videoplay?docid=7886780711843120756
What politicians did was to reduce the pain by sacrificing the time element.
We all knew it was going to be real bad. The strategy is to soften the blow because nothing could be done to negate it.
I would like to pass a motion that Captain gets court-martialed for drug use.
How has the blow being softened? It is bad and now they are in debt up to their eyeballs and investors are taking a pass. I can’t quite wrap my head around it is going to be better sans investment. You can make your own credit card but it isn’t the same as American Express.
I think you missed the gist of the graph. Even if they did nothing the results would have been the same, except for the whole massive indebtedness thingy.
Speedy,
Think of it this way. You can whip your credit card out and buy a speed boat; nothing more than a hole in the water to throw your money into.
Or you can use the credit card to purchase a blue chip investment. You still have to pay interest but you have something of value that increases in value. Big difference!
And that’s what Obama’s done…whipped out the national credit card and purchased something of value.
not stirred enough says “And that’s what Obama’s done…whipped out the national credit card and purchased something of value.”
Really? Do tell. What did he purchase of value?
By the way, read up on the concept of opportunity cost.
“AreThereAnyMoreConservaives;
You do not visit very often do you. If you did you would know how much crticism Harper runs into here. Sorry but you lefty d*psh*ts have a virtual monopoly on the koolaid concession.”
I’m no lefty but (and?) I am in some agreement with ATAMC. However, even the most superficial examination shows an enormous difference in degree between the actions of the US and the Canadian governments. There really isn’t much comparison.
That said, the govt.’s “stimulus” spending was unnecessary, excessive and harmful. I pray for a hidden agenda.
John Luft,
I’ve read up on opportunity cost and understand the concept. So I guess what you’re saying is that by not going to university over my lifetime I would actually earn more money. Is that correct?
If the US$ starts to plummet (because so much is being printed daily)…what the US pays today will be worth less tomorrow and even moreso next month. Perhaps, countries should move back to the gold standard (ie. money backed by gold assets) for the duration of this “monetary event.” It would result in governments having to reign in their spending habits.
~~favill~~
How bad does it need to get for you to come to realization that economy must be repatriated instead of being spread thin into the 3d world?
It’s a cash flow, stupid!
Any accountant here will tell you, that w/o cash any country is doomed. We allowed to replace domestic slavery where the business forced government to import cheap labour, with foreign slavery, where industry itself moved overseas. Locals are not getting paid, are not paying taxes, and are collecting EI and welfare, while the slaves abroad are getting paid a few dollars here and there. Then come their communist rulers, take half of it away and build the ballistic missiles that can target our aircraft carriers.
End result: Chicom are laughing their way to the bank and we suck d1ck for the lack of better occupation.
How bad does it have to get for you to realize that Marx’s theory of surplus generation was right? If only he choked on his coffee after writing that line!
IF and I mean IF stimulus does what it is supposed to do then the jobs created by it come with a cost – inflation and less growth in the future.
If it does not it, will be because it decreases confidence in the future due the anticipated mid to long-term impact noted above.
The fundamental question is this:
Did the stimulus spending put forward by Obama and his minions hurt american confidence more than it helped it – to the point that the economy suffered more job losses than it otherwise would have?
We won’t get an answer to this for a while yet(the jury is still out on FDRs New Deal – or perhaps more accurately it is under appeal – check The Forgotten Man for more on that), but the above graphic is not encouraging.
Meanwhile north of the 49th the honouring of the conservative’s committment at the G20 to stimulate
the economy by 2% of GDP was much done far better than the Obama spending orgy on two counts:
1. The stimulant has gotten into the economic bloodstream much faster and with far less political interference in CDA.
2. All of the spending is temporary and thus we will see a return to pre-crisis levels of spending in a year or so whilst in the US much of it was the establishment of permanent new entitlements.
In sum, under the circumstances – minority, G20 pressure, etc. – the CP and Prime Minister Stephen have done a fabulous job and stuck to their core conservative and good governance principles as much as possible without being deposed by left-wing savages.
You do not use a credit card to invest. You take out a loan where the interest is a tax deduction. If you spend money you do not have and buy the bonds that finance that debt what you are creating is a credit card backed by..nothing. The economy is not better for it and investors do not like changing the rules after you are losing the game. That is even more true when you know where they are going to go for the money. You don’t know I got it, you can’t get it.
not stirred enough, I know that you meant to be factious but, Bill Gates, Steve Jobs, Michael Dell, Mike Lazaridis are a few billionaires who are college drop outs that would agree with your assertion.
no_irony is obviously not aware of statistical correlations between wages and higher education.
What you have are outliers. You can’t generalize from outliers.
Silly chart.
It’s irrelevant. The stimulus was not to help the unemployed.
Your maroon dots should be track the rates of zombie bank executive bonus increases.
In fairness, the projections were all a bunch of numbers grabbed out of the air anyways. Doesn’t mean that the stimulus made things worse – just means that fuzzy logic was employed to justify the stimulus
It would be interesting to know how many people will actually see the graph and how many again will believe it and not think that somebody just made it up and would have even the slightest idea that is their own on how to proceed.
There are possible parallels in history to what the US government is doing.
Germany in the thirties, (minus, plus) they printed money not unlike the Obama team is doing now.
History tells the sequence of events; by the time that era ended it was @ about 1945.
This time the destruction of the economy may take much longer due to the fact that the economy was no doubt strong when Obama took over, in spite of the beginning of decline at the time. It would take some really serious jackass to destroy it in relatively short time.
It can be avoided by electing people that don’t want to see it happen. It is necessary that the population get the real picture, rather flowery picture of the never, never land by a demagogue.
The demagogue tells people that they sacrifice for their children, what a load of crap. The children will do their own economy if current one is not destroyed by the demagogue.
It is really up to the people, this demands well informed and active population. “Well informed” is the key phrase.
Pericles had this to say in his funeral speech:
We do not regard a man who does not participate in the city’s (Athens) life as one that minds his own business, rather a man who is good for nothing.
This was at the height of Athens power and culture.
On wanders how much of a crisis the demagogue needs to see destruction done.
This is the problem with the left, when proven wrong they simply say things like “watcher in the rye” just said or my personla favorite “our plan simply was not BIG enough”.
Global warming, economics it is all the same to them they simply create a situation where they predict doom and gloom, and when it does not happen (in spite of their boneheaded policies) they take the credit. It has always been that way simply look a t the history of the USA political parties. Democrats only get elected when a cyclical downturn happens, then claim that the cyclical upturn was their policies, simply the truth is that policy cannot change the cyclical motions in a semi-free market system.
Policies can change velocity but not direction.
Illiquid Assets;
I’m hardly a leftist. My gag was a poke at the real people the porkulus package aided – Zombie Banks.
A zombie bank refers to a financial institution with an economic net worth less than zero, but which continues to operate because its ability to repay its debts is shored up by implicit or explicit government credit support.
Banks kept alive by the bailouts to deposit insurance corporations to underwrite failed banks gave little help for the unemployed. It was a gross display of the type of government crony economics that exist in Russia and China.
In a healthy laissez faire free market insolvent businesses die and new more efficient ones take their place. Nowhere is it written in ant book on capitalism that insolvent or non competative businesses must last forever. Stimulus to capitalism’s biggest losers has interfered with the primal force of free market competition.
The unemployment is worse than thought = justy like global warming. Hmmm, another reason to lay waste to Western society???
Free market competition…
You people have to make up your minds. It’s either good or bad, you can’t have it both ways.
Take a recent mention of reinsurance companies scaring the world into believing in AGW and raking in enormous profits. Is it good or bad, is it free market or not?
Another interesting question is how do the LTTE and Al Qaeda fit into the picture. Are they helping to scare the world more and rake in enormous profits? Looks like they do. You connect the dots.
I apologize for my comment “watcher in the rye” since I missed its intent, my bad, also my unclear double statement that would seem contrary to itself.
They were actually 2 statements in my previous comment the first related to the post and that this simply allows them to push blame off or to take another whack at it with the Son of Stimulus because it was worse than they thought. Which leads me to the second part..
they need things to get worse in BOTH the economic and AGW scenarios for a period of time to create urgency
…its related to the practice of creating doomsday scenarios and taking credit when they do not come to pass. Things getting worse does not hurt their position, it actually helps with their hurry up legislative agenda. When things change due to normal cyclical trends they simply must have a policy in place to claim the credit, like Global Warming. The problem is warming has taken a holiday and they have a very small window before the dam of concensus bursts to get some sort of measure in place to claim that they averted disaster. That is why the intent interest in Arctic Ice, because it can create a short term panic like in 2007.
When the chart came out this was determined to be scary enough, but just like Global Warming the first predictions were much lower than the latest ones, so reality being worse is good, getting better too soon is bad. Hope that makes more sense now.
Barack Obama LIAR LIAR,PANTS ON FIRE,HANGING FROM A TELEPHONE WIRE
I think Obama doesn’t care about inflation, because he has a ready answer,which he is already piloting on executive pay. Wage and price controls. It will work great.
“In fairness, the projections were all a bunch of numbers grabbed out of the air anyways. Doesn’t mean that the stimulus made things worse – just means that fuzzy logic was employed to justify the stimulus”
That is pretty funny… ha ha ha… so we borrowed a trillion dollars based on a tissue of lies? Ha ha ha, good one Barrack! He is such a card, that one.
>> Free market competition…
You people have to make up your minds. It’s either good or bad, you can’t have it both ways.
You people? As opposed to whom? Are we not all struggling to gain personal economic independence?
To clarify your obviously muddy concepts of the free market, the emergent businesses you mention rely on dubious theory or fallacious culpability to sell their product. Although ethical market regulation generally only applies to small players, at the higher levels it is as always buyer beware because at this level laisezfaire capitalism does not exist, only crony oligopoly.
Wading into the lightly regulated high end of the AGW insurance, carbon trading and AGW tech market as a buyer with little or distorted information on the “problem” the product you want will solve is like a sucker walking into a clip joint.
So far as I can determine the AGW industries springing up have the PT Barnum business ethic.
“At the higher level” – how high?