Discussion Topic |
|
This thread has been locked |
John Moosie
climber
Beautiful California
|
|
|
Sep 29, 2011 - 04:52pm PT
|
I say we hold the bar to a high standard and expect job holders to meet it I'd give him a C- or a D+ thus far
Never mind the fact that you don't understand the problem, so you can't judge the solution, since why doesn't really matter to you.
....
The bills are coming due ... do we want to hunker down and fix the problems or do we want to end up like Greece in a few years?
Hopefully we hunker down.
Crack, What do you see as the primary problems, and possible solutions?
|
|
Karl Baba
Trad climber
Yosemite, Ca
|
|
|
Sep 29, 2011 - 05:11pm PT
|
I say we hold the bar to a high standard and expect job holders to meet it I'd give him a C- or a D+ thus far
Lois, you aren't accounted for the unprecedented lack of cooperation and also I don't think you understand how severe the economic crisis got. It's like we had a stroke and folks didn't know if we'd even get out of the coma but then got upset when the victim has one side of his face sag.
If I worked at your hospital and you had no power over me and my sole focus was to stop you from succeeding and making you look bad unless you did exactly what I wanted,... you'd have trouble too
Peace
karl
|
|
CrackAddict
Trad climber
Joshua Tree
|
|
|
Sep 29, 2011 - 05:25pm PT
|
Hopefully we hunker down.
Crack, What do you see as the primary problems, and possible solutions?
I think the primary problem is low interest rates and an inflationary monetary policy - these encourage speculation and discourage savings. We need to go back to saving real money (capital), which can be used to build factories, hire people, and restore our manufacturing sector. Borrowing to buy consumer goods from other countries is NOT sustainable.
Banks do not even want deposits anymore - that is how disfunctional the Federal Reserve has made our economy. Banks would rather borrow from the Fed at 0%, without having to pay deposit insurance, and buy Treasuries so our Government can go further into debt.
We are now in a Treasury bubble that, when it implodes, carries a real danger of taking down the Federal Government with it. If you don't believe there is a Treasury bubble look at the yield on Treasuries - 1.8% for the 10 year note. INFLATION IS AT 4%, even by the Government's fudged statistics!!!
Whether you like Reagan or not (I definitely did not agree with everything he did) he had the courage to allow interest rates to rise to MARKET values, despite knowing it would cause a painful recession in the short term. But when we came out of it the economy ROARED back (8% growth) and we had relatively strong growth for the next couple of decades.
The first thing we need to do is get off the inflation morphine. We need to boot Bernanke and allow rates to rise. This will encourage savings that will be used to fund businesses, hiring, etc. Printed money is NOT the same thing as savings, it is just miss-allocated capital.
|
|
John Moosie
climber
Beautiful California
|
|
|
Sep 29, 2011 - 05:25pm PT
|
Lois, You are so wrong it is mind boggling.
|
|
John Moosie
climber
Beautiful California
|
|
|
Sep 29, 2011 - 05:29pm PT
|
Crack, I agree to what you say somewhat, but the problem is that banks aren't even loaning money right now. I know multiple people with decent jobs and little to no debt and they couldn't get loans.
Plus given the current recession, we wont just have a small recession, we could take a major hit.
|
|
John Moosie
climber
Beautiful California
|
|
|
Sep 29, 2011 - 05:33pm PT
|
Nothing raw lois. You always think that you win if someone gets upset or calls you names.
|
|
John Moosie
climber
Beautiful California
|
|
|
Sep 29, 2011 - 05:34pm PT
|
Sorry folks. I will stop responding to Lois.
|
|
Karl Baba
Trad climber
Yosemite, Ca
|
|
|
Sep 29, 2011 - 05:41pm PT
|
Yes, of course, Karl but PART of the job is to build consensus and get people to work with you. This is a requisite skill for the job and he does not have it. One way to be sure you don't build consensus and lead the nation is to continually engage in inflammatory rhetoric which calls for class warfare. If there is one surefire way to fail - that would be it.
Nobody but you and super partisans believe that Lois. Bill Clinton, and even more so Barak Obama, have tried to be the most conciliatory bi-partisan president ever. It's just that after repeated no-compromise smackdown from the GOP side, he's now finally growing a spine.
If you wanted to call him spineless, I might go for it
Peace
karl
|
|
CrackAddict
Trad climber
Joshua Tree
|
|
|
Sep 29, 2011 - 05:59pm PT
|
Crack, I agree to what you say somewhat, but the problem is that banks aren't even loaning money right now. I know multiple people with decent jobs and little to no debt and they couldn't get loans.
That is because there is no money to loan out. As I said, printed money is not real money in the aggregate. It is only a misallocation of capital that already exists.
There is a cycle between savings, investment and production. Right now the cycle is broken.
|
|
CrackAddict
Trad climber
Joshua Tree
|
|
|
Sep 29, 2011 - 06:00pm PT
|
I'm still trying to get over the fact that fatrad and a few other right wing nitwits don't comprehend why all our companies and jobs moved to China and India.
OK, I'll bite. This ought to be good...
|
|
Norton
Social climber
the Wastelands
|
|
|
Sep 29, 2011 - 06:11pm PT
|
Crack, interesting, I happen to agree with your opinion on monetary policy.
Jeff, why don't you post a picture of your high school diploma?
And Jeff, when are you going to offer actual specific solutions to this nation's problems instead of sitting in the bleachers and finding things to criticize?
You know, like when you said we should collect a federal government tax on online purchases and use that money to fund universal healthcare for Americans?
Remember that really well thought out "solution"?
JESUS< MARY< AND THROW IN JOSEPH
Like talking to a brick wall.
|
|
CrackAddict
Trad climber
Joshua Tree
|
|
|
Sep 29, 2011 - 06:13pm PT
|
Riley have you looked at our work force here? I mean really looked at it. Not at any educated work force but the work force you would hire to work in some factory manufacturing job.
I'm still amazed at how the napkins in fast food restaurants can be backwards in the dispensers 75% of the time. They have a 50% chance of being the right direction just by sheer luck.
|
|
John Moosie
climber
Beautiful California
|
|
|
Sep 29, 2011 - 06:13pm PT
|
Riley have you looked at our work force here? I mean really looked at it. Not at any educated work force but the work force you would hire to work in some factory manufacturing job.
Silver, what do you consider a livable wage?
|
|
Gary
climber
Desolation Row, Calif.
|
|
|
Sep 29, 2011 - 06:21pm PT
|
On occasion, slippery slopes come to fruition.
fattrad makes an excellent point here. Look at history, for example. Elect a Republican to the White House, and you get a recession by the time they're done.
|
|
Norton
Social climber
the Wastelands
|
|
|
Sep 29, 2011 - 06:23pm PT
|
1) I was not talking about, or to, you Lois. You are confusing yourself with the conversation I had six months ago with Fatty. Please try better to keep up.
2) Jeff, oh nothing "wrong" with your little one dollar a year "deputy" certificate.
So cute, got anything else from the fourth grade you got for show and tell today?
|
|
TGT
Social climber
So Cal
|
|
|
Sep 29, 2011 - 06:23pm PT
|
The difference is, Clinton was a pragmatic left leaning centrist, and he had the serial toe sucker (Morris) running his triangulation strategy.
BHO is an Alinskyite ideologically driven, true believer all the way to the core, (read what he's written). And, he's surrounded himself with sycophants of the same ilk.
He has no where to go but class warfare.
Expect more of the same.
|
|
John Moosie
climber
Beautiful California
|
|
|
Sep 29, 2011 - 06:26pm PT
|
If he was such a true believer, then why did he try to work with the republicans? He would have ignored them and done whatever he believes in if he was a true believer as you peg him.
|
|
TGT
Social climber
So Cal
|
|
|
Sep 29, 2011 - 06:30pm PT
|
He would have ignored them and done whatever he believes in
Which is EXACTLY what he's done.
|
|
TGT
Social climber
So Cal
|
|
|
Sep 29, 2011 - 06:31pm PT
|
He has no where to go but class warfare.
....more conservative idiocy. Is there no end to it?
You think he's going to run on his record?
|
|
Norton
Social climber
the Wastelands
|
|
|
Sep 29, 2011 - 06:32pm PT
|
Class Warfare is giving YOU a bigger tax cut than even Bush did.
Class Warfare is giving health insurance to 30 million Americans who don't have it.
Or maybe Class Warfare is corporate profits are at the highest level in history
Or maybe Class Warfare is having the stock market up reversing the Bush slide and being up 70% from the Bush low.
Or maybe, wait I forgot, which way is it?
Favoring wall street?
Or favoring the middle class?
Confusing, gotta check with Fox News, which way exactly are we supposed to be against?
|
|
|
SuperTopo on the Web
|
Let us know!