- Jan 7, 2012
- 107
- 0
- 0
Please address the facts, counter, rebut, but be a logical adult. All quotations C&P'd from link.
http://www.businessinsider.com/what-the-collapse-in-interest-means-2012-5
"Well, the fact of the matter is that the size of the U.S. debt or deficit just doesn't matter that much. Actually, it's never mattered at all."
I wonder if it would have helped if the Stimulus was over $1 trillion and Obama's original Jobs Act was passed. The one where he wanted to lower the payroll tax rate to 3.1% and give billions to businesses to boost hiring.
"A few things matter.
One of them is inflation. When people think that inflation is high (meaning that the value of their dollars will erode rapidly) they will want a high return from the government."
This is obvious...no commentary needed.
"Another factor that matters is growth.
Growth is critical because if you think that the economy is going to grow in a robust fashion, then you won't want to lock up your cash with the government. You'll want to invest in real things or at least stocks that might boom along with the economy."
Rephrase: The debt might matter more in the future, but only if the economy is booming enough to where it probably offsets the affect anyway.
"There's another factor that's mattered a lot lately: FEAR!
If you think that everything is going to collapse (for example Europe's economy completely imploding in a crisis that makes Lehman's aftermath look like child's play) all you'll want to do is give your money to the one entity that has unlimited (thanks to the printing press) power to pay the money back."
In other words, many of the wealthiest entities in the world trust the United States with their money over any other person, country, mattress, or vault in the world. Because we have a printing press
Not trying to be Obama's cheerleader, I think he betrayed his base by being little Bush Jr. in many ways, but can we look at the facts?
If you are going to argue the stimulus either shouldn't have been passed or you disagree with my statements, then please explain your detailed, superior proposal that you would have passed instead.
If you attack Obama's economic plan, explain what you or an alternative POTUS would have passed that was superior to Obama's Jobs Bill.
Were the Republicans correct in blocking key measures in Obama's Jobs Bill? Yes: Explaination or No: Explanation.
Feel free to address part or all of the post, just don't say "Obama Marxist No Good Economy Kenya" without addressing the Jobs Bill & Stimulus.
http://www.businessinsider.com/what-the-collapse-in-interest-means-2012-5
"Well, the fact of the matter is that the size of the U.S. debt or deficit just doesn't matter that much. Actually, it's never mattered at all."
I wonder if it would have helped if the Stimulus was over $1 trillion and Obama's original Jobs Act was passed. The one where he wanted to lower the payroll tax rate to 3.1% and give billions to businesses to boost hiring.
"A few things matter.
One of them is inflation. When people think that inflation is high (meaning that the value of their dollars will erode rapidly) they will want a high return from the government."
This is obvious...no commentary needed.
"Another factor that matters is growth.
Growth is critical because if you think that the economy is going to grow in a robust fashion, then you won't want to lock up your cash with the government. You'll want to invest in real things or at least stocks that might boom along with the economy."
Rephrase: The debt might matter more in the future, but only if the economy is booming enough to where it probably offsets the affect anyway.
"There's another factor that's mattered a lot lately: FEAR!
If you think that everything is going to collapse (for example Europe's economy completely imploding in a crisis that makes Lehman's aftermath look like child's play) all you'll want to do is give your money to the one entity that has unlimited (thanks to the printing press) power to pay the money back."
In other words, many of the wealthiest entities in the world trust the United States with their money over any other person, country, mattress, or vault in the world. Because we have a printing press
Not trying to be Obama's cheerleader, I think he betrayed his base by being little Bush Jr. in many ways, but can we look at the facts?
If you are going to argue the stimulus either shouldn't have been passed or you disagree with my statements, then please explain your detailed, superior proposal that you would have passed instead.
If you attack Obama's economic plan, explain what you or an alternative POTUS would have passed that was superior to Obama's Jobs Bill.
Were the Republicans correct in blocking key measures in Obama's Jobs Bill? Yes: Explaination or No: Explanation.
Feel free to address part or all of the post, just don't say "Obama Marxist No Good Economy Kenya" without addressing the Jobs Bill & Stimulus.
Last edited: