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The Geithner / U.S. Treasury plan for save the economy, explained for us laypeople

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yllus

Elite Member & Lifer
Aug 20, 2000
20,576
431
126
Originally posted by: WHAMPOM
Originally posted by: JSt0rm01
Originally posted by: CADsortaGUY
Whether it "works" or not(and they'll claim it "works" regardless of reality) doesn't matter, it's a principle thing.
Ohh so you would drive the country into a depression on principle. ok thats a good plan.

And are you guys not neocons anymore? I don't get the mailer so I didn't hear about the change
The term you search for is Pyrrhic-Cons. :beer: to them. May they drink their cup of ashes with joy.
A part of the article I didn't post touches on this:

Q: And economists know how to fix this, right?

A: Well, some economists don't think we should fix this. Some welcome high unemployment, thinking it?s the best way to get workers out of declining industries and into growth industries. They consider a period of high unemployment a way of convincing people who were previously employed "pounding nails in Nevada" to go do something else -- part of the respiration of the capitalist organism, as Josef Schumpeter said.

They tend to like the fact that financial asset prices are now low, and condemn attempts to raise them as efforts to keep the feckless financiers who bought them during the boom from suffering their just punishment.

Followers of this line of argument -- I call them the Marx-Mellon-Hayek-Hoover axis -- tend to say things like: "What's to fix?"
 

CADsortaGUY

Lifer
Oct 19, 2001
25,162
1
76
www.ShawCAD.com
Originally posted by: JSt0rm01
Originally posted by: CADsortaGUY
Whether it "works" or not(and they'll claim it "works" regardless of reality) doesn't matter, it's a principle thing.
Ohh so you would drive the country into a depression on principle. ok thats a good plan.

And are you guys not neocons anymore? I don't get the mailer so I didn't hear about the change
:roll: Yeah, because that's exactly what I said. You f'n morons can't seem to get it through your skull that just because there is opposition to what BHO and co are doing doesn't mean "we" want a "depression".

And no, I've never been a neocon - not that it has anything to do with this discussion anyway.
 
Nov 30, 2006
15,456
389
121
Originally posted by: microbial
Originally posted by: Craig234
Originally posted by: Chaotic42
Originally posted by: microbial
Originally posted by: JSt0rm01
man you neocons that talk a big game could be eating your shoes if this thing works out. I wont begin to make predictions in this climate but a lot of you enjoy it enough and if you are wrong on this the republican party will be in for even more hurt. Seems like a risky position to take.
GOP just wants America to fail, as enunciated so eloquently by their grand leader Rush.

The Republican budget alternative can be more easily explained: picture two diagram circles connected.

First one has the text "RAT" written inside
The other has the text "FUCKING"

What's so hard to understand about that...
I thought he said he wanted Obama's policies to fail to be implemented? Those are different things.
There are a handful of incidents I think the right had been unfairly attacked on in recent years, and this is one, in part.

Rush said that Obama wants to implement socialism (and he should be attacked for saying that), and tat he doesn't want Obama to be able to do that.

He wasn't saying he wants bad things for America, he was saying he thinks Obama's policies are bad for American, and so he doesn't want those policies for America.
That is the Rush- revisionist version. The original statement he made was that he wanted Obama to fail vis-a-vis the economic stimulus plan. It was in this context, so in essence he was happy to see an Obama blow-up in exchange for a US economy blow-up.

Very typcal GOP thing to do. Reminded me immeadiately of the Bill Kristol and health care strategy. Next day Ruru backtracked like a hall-of-fame cornerback and spun some cockamamy socialist bullshit story. Obvious.

Take home message is that the GOP is unwilling to commit to a solution, or to any kind of sacrifice to our present economic problems. They are quite prepared and content to be obstructionists. Obvious.

Hence, a good and reasonable summary of the GOP alternative plan would be "a big fat F. America"
You know...a funny thing strikes me...I imagined all the support the Democrats would be giving McCain right now if he had won the election and did exactly the same things Obama is doing currently with the bail outs. Isn't it funny how that works? :)
 

Alyx

Golden Member
Apr 28, 2007
1,181
0
0
Originally posted by: yllus
A: Then we have worse things to worry about than government losses on TARP-program money--for we are then in a world in which the only things that have value are bottled water, sewing needles, and ammunition.
[/quote]

Its time to buy some water and ammunition.
 

LTC8K6

Lifer
Mar 10, 2004
28,520
1,573
126
http://www.tcm.com/mediaroom/index/?cid=222036

The Treasury says the national debt is climbing to the sky
And govermnent expenditures have never been so high.
It makes a feller get a gleam of pride within his eye,
to see how our economy expands,
The country's in the very best of hands...

The money that they taxes us, that's known as revenues,
They compound up collaterals, subtracts the residues.
Don't worry 'bout the principle and interest that accrues,
They're shipping all that stuff to foreign lands,
The country's in the very best of hands.
...
 

JSt0rm

Lifer
Sep 5, 2000
27,399
3,943
126
Originally posted by: CADsortaGUY
:roll: Yeah, because that's exactly what I said. You f'n morons can't seem to get it through your skull that just because there is opposition to what BHO and co are doing doesn't mean "we" want a "depression".
It's not exactly what you said. But you are saying based on principal he shouldn't fix it. By not fixing it the country seems to be crumbling. Hence you are ok with that. Unless you have some plan to fix it that doesn't require gobs of money? And don't say time. I like my life in Santa Monica and I just need the rest of the country (and world) to consume and pay for content and I will be ok. They need money for that.
 

Chaotic42

Lifer
Jun 15, 2001
33,854
957
126
Originally posted by: microbial
That is the Rush- revisionist version. The original statement he made was that he wanted Obama to fail vis-a-vis the economic stimulus plan. It was in this context, so in essence he was happy to see an Obama blow-up in exchange for a US economy blow-up.

Very typcal GOP thing to do. Reminded me immeadiately of the Bill Kristol and health care strategy. Next day Ruru backtracked like a hall-of-fame cornerback and spun some cockamamy socialist bullshit story. Obvious.

Take home message is that the GOP is unwilling to commit to a solution, or to any kind of sacrifice to our present economic problems. They are quite prepared and content to be obstructionists. Obvious.

Hence, a good and reasonable summary of the GOP alternative plan would be "a big fat F. America"
I don't like Rush any more than the next guy, but I guarantee that he doesn't want to see America fail. He may want to see Obama fail, but I can't imagine him, the GOP, the Democrats, or anyone outside of the super-fringe wanting America to fail.
 

Budmantom

Lifer
Aug 17, 2002
13,103
1
81
Originally posted by: Vic
I find it interesting that the proposed economic plan from a so-called 'Marxist' or 'socialist' administration looks in every way exactly like textbook Smithian capitalism.
Take over the auto industry

take over AIG

take over the banks....

no no... it's not socialism
 

LTC8K6

Lifer
Mar 10, 2004
28,520
1,573
126
Never ran anything in his life, now he's the CEO of AIG, Chrysler, GM, Several big banks, etc...

 

Budmantom

Lifer
Aug 17, 2002
13,103
1
81
Originally posted by: LTC8K6
Never ran anything in his life, now he's the CEO of AIG, Chrysler, GM, Several big banks, etc...
Yeah but look how well he has done with the economy.
 

Vic

Elite Member
Jun 12, 2001
48,702
9,911
136
Originally posted by: Budmantom
Originally posted by: Vic
I find it interesting that the proposed economic plan from a so-called 'Marxist' or 'socialist' administration looks in every way exactly like textbook Smithian capitalism.
Take over the auto industry

take over AIG

take over the banks....

no no... it's not socialism
You wouldn't know socialism if it bit you in the ass.
 

Vic

Elite Member
Jun 12, 2001
48,702
9,911
136
Originally posted by: BoberFett
So the plan is basically to create another bubble.

Sounds like a great long term strategy.
He's basically creating a classic Smithian wartime economy without going to war. That's why the Limbaugh brigades are so bent. They need the threat of some faux war to disguise their true love of big govt.

 

chess9

Elite member
Apr 15, 2000
7,748
0
0
Originally posted by: LTC8K6
http://www.tcm.com/mediaroom/index/?cid=222036

The Treasury says the national debt is climbing to the sky
And govermnent expenditures have never been so high.
It makes a feller get a gleam of pride within his eye,
to see how our economy expands,
The country's in the very best of hands...

The money that they taxes us, that's known as revenues,
They compound up collaterals, subtracts the residues.
Don't worry 'bout the principle and interest that accrues,
They're shipping all that stuff to foreign lands,
The country's in the very best of hands.
...
Yes, which is why we are being finger fucked.

If something can go wrong, it will go wrong. Why would anyone believe an idiot economist? :) That's like asking a porn star for chastity lessons.

-Robert

 

Budmantom

Lifer
Aug 17, 2002
13,103
1
81
Originally posted by: Vic
Originally posted by: Budmantom
Originally posted by: Vic
I find it interesting that the proposed economic plan from a so-called 'Marxist' or 'socialist' administration looks in every way exactly like textbook Smithian capitalism.
Take over the auto industry

take over AIG

take over the banks....

no no... it's not socialism
You wouldn't know socialism if it bit you in the ass.
Stay away from my ass.

 

BoberFett

Lifer
Oct 9, 1999
37,563
9
81
Originally posted by: Vic
Originally posted by: BoberFett
So the plan is basically to create another bubble.

Sounds like a great long term strategy.
He's basically creating a classic Smithian wartime economy without going to war. That's why the Limbaugh brigades are so bent. They need the threat of some faux war to disguise their true love of big govt.
You're not going to get any argument from me. I'm not a Republican, remember?

But it does make one wonder, how far will Democrats go to spend their way to prosperity? What will their Iraq be?
 

KlokWyze

Diamond Member
Sep 7, 2006
4,440
1
81
www.dogsonacid.com
Originally posted by: BoberFett
Originally posted by: Vic
Originally posted by: BoberFett
So the plan is basically to create another bubble.

Sounds like a great long term strategy.
He's basically creating a classic Smithian wartime economy without going to war. That's why the Limbaugh brigades are so bent. They need the threat of some faux war to disguise their true love of big govt.
You're not going to get any argument from me. I'm not a Republican, remember?

But it does make one wonder, how far will Democrats go to spend their way to prosperity? What will their Iraq be?
That would be the economy itself failing. So long as it is "failing", they will spend. Hopefully it will stay in a state of perpetual failure so they can spend indefinitely!
 

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