Obama's $825 Billion Stimulus

[runningman]

Re: Obama's $825 Billion Stimulus

well I would love to waste my time and defend myself but I dont have the time anymore.

Obamas speech last night was great for me and opened many doors for my business I look forward to doing business with the US government in the upcoming years.

Obama is right in what he is doing and I fully support his decision.

[superdave]

Re: Obama's $825 Billion Stimulus

Senate just approved it, so looks like it'll eventually happen once the Congress can agree on the bill to send to Obama.

I'm sure there's pork in the bill, but something has to be done. And I haven't heard a good argument on what to do from the Republicans yet. All they push are tax cuts which helps only the high earners.

[toasty]

Re: Obama's $825 Billion Stimulus

And I haven't heard a good argument on what to do from the Republicans yet. All they push are tax cuts which helps only the high earners.

^this.

I love tax cuts. LOVE them. At some point, though, I think we've got to have a broader view. If you're not generating any income because you don't have a job, tax cuts don't mean dick to you in the short term. We need something that is going to help NOW.

Tax cuts could and probably should be a part of any economic stimulus proposal, but the GOP's slavish reliance upon them as the be-all, end-all solution to all of our economic woes highlights their lack of creativity and vision, IMO. It's an overly simplistic solution to a really complex problem.

[Localizer]

Re: Obama's $825 Billion Stimulus

http://www.cnbc.com/id/15840232?video=1028931562&play=1

geithner's speech if anyone missed it. i swear to god i hate these people.

[runningman]

Re: Obama's $825 Billion Stimulus

The US dollar will completely collapse within 12 months. It is totally unavoidable now.

Hyperinflation that will make your head spin. Get out of the US dollar immediately. We will see who laughs last in 12 months.

This is my last warning since I have changed my tune.

[youtube]http://www.youtube.com/watch?v=F-rO0wCw-pk[/youtube]

[youtube]http://www.youtube.com/watch?v=i_rHiYnYsNA[/youtube]

[toasty]

Re: Obama's $825 Billion Stimulus

^^appreciate you taking a break from your discussion with that burning bush on the mountain top to clue the rest of us in. cheers for that.

[runningman]

Re: Obama's $825 Billion Stimulus

yep good. You dont need a burning bush to see what is coming. CATO Institute, Celente, Rogers, Soros, Schiff are on my side

I am done with the politics section I will be back in 12 months.

[Miroslav]

Re: Obama's $825 Billion Stimulus

well I would love to waste my time and defend myself but I dont have the time anymore.

Here's a final proposal: By all means disagree with me, but keep your criticisms focused on the material I post and not on outrageous personal attacks.

In exchange, I will reciprocate your behavior and keep my spelling corrections to myself. Deal?

This is not about who is right or who is smartest; it's about maturity and basic respect.

[Miroslav]

Re: Obama's $825 Billion Stimulus

yep good. You dont need a burning bush to see what is coming. CATO Institute, Celente, Rogers, Soros, Schiff are on my side

I am done with the politics section I will be back in 12 months.

Just for the record: I agree with you that things are going to get really, really bad and stay that way for quite some time. I would wager that most of us on here do. And yes, there will likely high be a period of high inflation once the downturn bottoms out. Most of our differences stem not from where we are going, but what to do about it.


On another note, I along with the rest of the market was surprised at the lack of specifics in Geithner's plan... It's not enough to say that you will stress test banks before giving loans and go for a good bank-bad bank setup; the devil is in the details, and the same fundamental questions that have plagued the markets still remain unanswered (such as how to value toxic assets).

[jeffrey collins]

Re: Obama's $825 Billion Stimulus

I'm not too worried about it. If the dollar goes bust, so will the rest of the worlds economies. and they can't have things like that happen.

the British Pound used to be worth almost 2 of our dollars...but not anymore. it's headed south too.

[tiddles]

Re: Obama's $825 Billion Stimulus

well, i'm fucking scared. i haven't seen one single person that thinks things will start getting better anytime soon.

don't know how much you guys see of spain in the US press these days, but it's all over the news here. i think they just hit almost 14% unemployment. that's huge!

[nick007]

Re: Obama's $825 Billion Stimulus

Best thread read in ages, thanks!!!