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Bailout Spending In Perspective

Hits: 7059 | Rating: (3.0) | Category: News & Politics | Added by: Pooptart19
Page: 1 2 3 4 Next >   Jump to: Bottom    Last Post
Mah_Boi
Male, 18-29, Western US
 566 Posts
Tuesday, May 12, 2009 5:54:38 AM
"i'm moving to mars, and i'm building a glass castle"

Can I come live with you? I promise I'll take really good care of the flowers. ;-;


ScottSerious
Male, 18-29, Western US
 5329 Posts
Sunday, April 19, 2009 9:03:56 PM
i'm moving to mars, and i'm building a glass castle

raikun12
Male, 18-29, Midwest US
 580 Posts
Sunday, April 19, 2009 6:13:30 PM
@ rebetikas.
lol WWIII will make us produce again, but will there be an America left standing?

raikun12
Male, 18-29, Midwest US
 580 Posts
Sunday, April 19, 2009 6:11:50 PM
iIt doesn't matter what we do at this point because America consumes way more than we produce. Not only are we buying foreign products, we're using borrowed money to pay for everything. and it doesn't help that we've outsourced alot of our jobs either. simply put unless we start producing everything again and get a surplus, we're screwed.

yoimmylene
Female, 13-17, Midwest US
 2086 Posts
Sunday, April 19, 2009 2:07:25 PM
Pfft, that little guy should've probably looked down before jumping in.

Cataclism0
Male, 18-29, Eastern US
 212 Posts
Sunday, April 19, 2009 1:23:52 PM
obamas the greatest

OldOllie
Male, 60-69, Midwest US
 12964 Posts
Sunday, April 19, 2009 12:15:48 PM
@ NowPleaseRea, Baalthazaq is correct. However, to elaborate, you can print more DOLLARS, but that does not create more MONEY. As I said below, if you had all the money, you could buy all the stuff regardless of how many dollars comprise all the money. If the government doubled the supply of dollars, prices would simply double as well since each dollar would now be worth half what it was. Again, all the money = all the stuff. Note: This will not CAUSE inflation; this IS inflation. Rising prices are the RESULT of inflation.

The way the government accomplishes this is for the Federal Reserve to buy Treasury bonds with money created from thin air (they don't actually have to print currency). The reason they are doing this is that they have maxed out the amount of money they can get through taxation and borrowing, and that's not enough to pay for all this spending.

We are so screwed!


Concetra
Male, 18-29, Eastern US
 2032 Posts
Sunday, April 19, 2009 11:47:21 AM
@ BrimstoneOne

Thanks for the link.


Baalthazaq
Male, 18-29, Asia
 4753 Posts
Sunday, April 19, 2009 11:38:03 AM
Nowpleaserea:
If you're really interested I'd advise looking up what is happening in Zimbabwe.

If you're unfamiliar with inflation rate numbers, I suggest this link which lists the inflation rates of the world.

Scroll to the bottom for Zimbabwe's, it'll blow your mind.


NowPleaseRea
Male, 70 & Over, Eastern US
 176 Posts
Sunday, April 19, 2009 10:30:29 AM
What I don't understand is if the us federal gov. can just print money with no gold standard to back it up - meaning there is nothing being held in a vault somewhere to represent that buck. Then that means money printed only has socially agreed upon faith of the users to give it value. If paper money can be manufactured from nothing then why aren't the feds just shipping truckloads of this unbacked magic money out as the stimulus package to all the various states?

Why do they sell t-bills to create the funds and incur debt when they can just keep printing money as they already do anyway? Unless they also sell t bills to back the currency they print but I've not heard thats the case.


M3ntal1313
Male, 18-29, Southern US
 447 Posts
Sunday, April 19, 2009 8:51:35 AM
America sucks :(

almightybob1
Male, 18-29, Europe
 4278 Posts
Sunday, April 19, 2009 6:27:48 AM
pat125: you're a fool. The US national debt has been in the trillions and rising for decades. Note the graphs on the right, which are sourced from the Treasury.

Also note the dip at the end of the 90's, when the last Democrat was in power.


yudontn0me
Male, 18-29, Western US
 851 Posts
Sunday, April 19, 2009 5:02:15 AM
wait. im confused. he said it started in sep, '08. then he mentioned the 4 trillion dollar debt from before that.

the way i see it is that we tried the GOP way, and it worked very well... for the bush family and their closest friends. now lets try spending for the benifit of everyone.

come on. give obama a chance. whats the worse that could happen? plus we learned from the bush era that once the president makes a decision, its final. no matter what. ever.


rgsupergrove
Male, 18-29, Australia
 887 Posts
Sunday, April 19, 2009 3:40:41 AM
flame, LOLOLOOLLLL, nice call.

Well I am in Australia, so we are in a little less of a shiit pit


FlameOfUdun
Male, 18-29, Eastern US
 1234 Posts
Saturday, April 18, 2009 11:57:46 PM
Yeah, but I mean, eventually you reach terminal velocity and it's just smooth slailin' from then on >_>

pat125
Male, 18-29, Western US
 744 Posts
Saturday, April 18, 2009 11:05:42 PM
There's a reason Obama's campaign motto was "change", because that's all we'll have left when he's done.

Angelmassb
Male, 18-29, S. America
 15498 Posts
Saturday, April 18, 2009 10:55:40 PM
Well I want to spend more so HA

Baalthazaq
Male, 18-29, Asia
 4753 Posts
Saturday, April 18, 2009 10:53:34 PM
Without the bailout the economy would have crashed.
With the bailout, the economy may still crash.

There are plenty of good arguments as to how the money could be spent and who deserves the money and what this entails for the government, and what level of control they should now have over these companies.

This video however makes none of those arguments. It's using "that's alot of money" as the only argument, and it isn't one unless they're suggesting there was a cheaper solution.

They bailed out companies deemed "too big to fail", and by that it means we decided the number of job losses and the hit the economy takes, or the domino effect the company failing would have exceed the amount paid to sustain it.

Some of these companies are not "bad", they're "greedy", and up until the sub-prime crisis were performing the best.

It's not representative of the company's true value or health.


rebetikas
Male, 30-39, Australia
 216 Posts
Saturday, April 18, 2009 10:51:53 PM
Not sure if it matters how much more the U.S. borrows/spends, you were already in too much debt. The question now is whether it will be paid back or WWIII.

mamerv
Male, 18-29, Western US
 327 Posts
Saturday, April 18, 2009 7:51:47 PM
You know complain all you want, complaining here won't do anybody anything go out and do something about it. I'm not saying march on washington but stand up for what you believe in. If we can get them to listen then maybe we can save ourselves. And no I have not been listening to fox news, I'm just at the same position as the rest of you.

orich
Male, 30-39, Eastern US
 10 Posts
Saturday, April 18, 2009 7:10:35 PM
YES WE CAN mortgage our children's future! I HOPE this isn't the CHANGE we are going to keep seeing.

snottydyck
Male, 40-49, Canada
 703 Posts
Saturday, April 18, 2009 6:43:47 PM
Yes we can! Yes we can!.....spend obama spend!.....dummies.

BrimstoneOne
Male, 30-39, Canada
 2239 Posts
Saturday, April 18, 2009 5:31:48 PM
Concetra
Male, 18-29, Eastern US
637 Posts Saturday, April 18, 2009 4:57:54 PM
i spoke with father about a similar issue. he said that if china demanded their money back the world economy will be crippled.

Not necessarily the world economy, but the US economy would bottom up. And that also applies to Canada, Mexico, oil exporting counties, and Japan. If any these previously mentioned countries ask/demand their 'investments' returned, the US economy tanks. Depending who asks when, would determine how fast the US would fail. And it is failing now, make no mistake about that!


Concetra
Male, 18-29, Eastern US
 2032 Posts
Saturday, April 18, 2009 4:57:54 PM
i spoke with father about a similar issue. he said that if china demanded their money back the world economy will be crippled.

RotBottom
Male, 18-29, Western US
 100 Posts
Saturday, April 18, 2009 4:08:15 PM
Neo-socialism is all about tax cuts for poor, tax increase for the reach, aside from the concept of a MAXIMUM wage in contrast with a minimum wage. Currently, the neo-socialism movement and supporters generally support a 1,000% or 100x differential.
This means that if the minimum amount of money any working person could make were the current overall mean US family income of approximately $30,000 annually, the richest could make $3,000,000 annually. The remainder could very wisely go into growing businesses, investing in infrastructure used by those businesses, and more.
The very same corporate CEOs who feel they are due $100s of Millions in compensation for their job believe it's their job to fight and lobby (again, defined as paying people to pay legislators for influence) against raising the minimum wage to $10.00/hr.
These same business men believe it's their job and right to minimize the taxes paid to the gov't by their firm yet complain when there are potholes.

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