With rising unemployment rates, falling price of dollar, and bad housing
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Anyone with half a brain knows that the economy fixes itself. It was doing better than it should have over the past decade so now it has to go through a natural recession to correct itself. And the only reason it experiences fluctuations between exceptional growth and recession is because humans are panicky idiots who are too quick to hop aboard the short-term economic bandwagon. And the ridiculous stimulus plan is the most horrible plan I've ever heard and will only cause the recession to last longer. At least it might not pass due to all the opposition to it. And no, Obama will not fix the economy. He'll just take the credit.Huell_HowserWell said my friend!
Obama and Oprah will definitely keep all the cocaine dealers rolling in cash. That much is a given.PhilMargera
.....................................................................what? Wtf are you talking about?
I hope you are joking about the recession, becuase anyone with a full brain can see that overspending helped nothing during the depression. It took money from businesses and people who would have created many jobs, and used it to create few jobs. The war helped fix the economy, and the economy fixed itself. I guess the people with half a brain are wrong in this case.Anyone with half a brain would be at least a little educated about the great depression and would know that the economy didnt fix itself. No, the war in of itself didnt fix the economy, it was a out of control spending of goverment that fixed that economy.
That said, I dont think any person can or has fixed the economy they were just the right person at the right time.
I personally think the only thing that will fix this economy is on the size of something that makes economy itself either re-defined or un-important.
Why? becuase the fact is we have to many people and not enough resources and fixing that problem is going to be mythic in size.
SEANMCAD
[QUOTE="Jacobistheman"][QUOTE="SEANMCAD"]I hope you are joking about the recession, becuase anyone with a full brain can see that overspending helped nothing during the depression. It took money from businesses and people who would have created many jobs, and used it to create few jobs. The war helped fix the economy, and the economy fixed itself. I guess the people with half a brain are wrong in this case.Anyone with half a brain would be at least a little educated about the great depression and would know that the economy didnt fix itself. No, the war in of itself didnt fix the economy, it was a out of control spending of goverment that fixed that economy.
That said, I dont think any person can or has fixed the economy they were just the right person at the right time.
I personally think the only thing that will fix this economy is on the size of something that makes economy itself either re-defined or un-important.
Why? becuase the fact is we have to many people and not enough resources and fixing that problem is going to be mythic in size.
SEANMCAD
but the problem is your a historically completely wrong. PLEASE look up "the great depression' in wikiepedia and learn that it was the goverment itself that gave our contracts back by money it didnt have and THAT was what ended it.
You do realize that anyone can post whatever they want on Wikipedia right? Also that is not what ended it, government prolonged the depression, and a huge war (that was funded by the government) and 25 years got the world back out of it.I am amazed at how many people dont know basic US history.
What cured the Great Depression...The war? not exactly. it was complete and total out of control spending of the US goverment that actually brought us out of the great depression.
Will doing that solve this problem? In my mind no, this is a much bigger issue. Why? becuase I believe the source of the real problem is too many people not enough resources (speaking globally) and some of those resources are not renewable
SEANMCAD
No, the war brought us out of the depression (well, that is, the affects that the war had on the economy).
I am amazed at how many people dont know basic US history.
What cured the Great Depression...The war? not exactly. it was complete and total out of control spending of the US goverment that actually brought us out of the great depression.
Will doing that solve this problem? In my mind no, this is a much bigger issue. Why? becuase I believe the source of the real problem is too many people not enough resources (speaking globally) and some of those resources are not renewable
No.. It had to do with the fact of that EVERY OTHER MAJOR INDUSTRY in the world was in ruin.. The United States filled the gap, furthermore FDR actually didn't like getting debt and tried his best to avoid it.. Furthermore we had a small recession right after World War 2 ended.. Your oversimplying the whole thing.. In the end it had alot do with the fact that Britian, one of hte main powers in the middle east basically pulled out of there due to a ailing economy in the 50s.. Which lead the void to teh United States to capitalize on the oil industry there.. The US industry was basically untouched by war, while every othe major industry out there that had the possibility of ocmpeteing was heavily damaged by the war.I am amazed at how many people dont know basic US history.
What cured the Great Depression...The war? not exactly. it was complete and total out of control spending of the US goverment that actually brought us out of the great depression.
Will doing that solve this problem? In my mind no, this is a much bigger issue. Why? becuase I believe the source of the real problem is too many people not enough resources (speaking globally) and some of those resources are not renewable
No, the war brought us out of the depression (well, that is, the affects that the war had on the economy).
Not directly. If you read up the United States actually had a small recession right after the war.. What it did do was set the United States as a nation with a undamaged industry while the big competitiors were basically in shambles due to the damages they had.. It also had alot to do with the United States strangling the oil industry into their control int he middle east..I am amazed at how many people dont know basic US history.
What cured the Great Depression...The war? not exactly. it was complete and total out of control spending of the US goverment that actually brought us out of the great depression.
Will doing that solve this problem? In my mind no, this is a much bigger issue. Why? becuase I believe the source of the real problem is too many people not enough resources (speaking globally) and some of those resources are not renewable
No, the war brought us out of the depression (well, that is, the affects that the war had on the economy).
No actually it was not. Fiirst let me state a historical fact and then a view/point
1. what stoped the great depression was massive public works projects (including military) that was funded by goverment spending that was in amounts beyond what the goverment had. That is jsut factual and hard to spin but it can howevre to spin it people need to at least know this fact which I have noticed nobody here does.
2. We just got out of a war, how did that war help us get out of an ecomonic hardship?
1: Uhh no.. The work programs made people more comfy, but it never brought the United States out of the great depression.... 2: I find this a bit hypocritical, you are acting as if you have a firm grasp of history.. Yet you make such a silly comparison.. The global economy of the 30s and 40s is much different from the global economy of the 21st century.. Furthermore, this was a small scale war on a country that does not hold as much economic power at stake as WW2 had..[QUOTE="Jacobistheman"][QUOTE="SEANMCAD"]I hope you are joking about the recession, becuase anyone with a full brain can see that overspending helped nothing during the depression. It took money from businesses and people who would have created many jobs, and used it to create few jobs. The war helped fix the economy, and the economy fixed itself. I guess the people with half a brain are wrong in this case.Anyone with half a brain would be at least a little educated about the great depression and would know that the economy didnt fix itself. No, the war in of itself didnt fix the economy, it was a out of control spending of goverment that fixed that economy.
That said, I dont think any person can or has fixed the economy they were just the right person at the right time.
I personally think the only thing that will fix this economy is on the size of something that makes economy itself either re-defined or un-important.
Why? becuase the fact is we have to many people and not enough resources and fixing that problem is going to be mythic in size.
SEANMCAD
but the problem is your a historically completely wrong. PLEASE look up "the great depression' in wikiepedia and learn that it was the goverment itself that gave out contracts back by money it didnt have and THAT was what ended it.
before stating how something was solved in the past its helpful to know something about how it was actually sovlved in the past.
There was significant demand in specific industries. That demand is what helped to fix the economy. Governments cannot generate value, they can only borrow, inflate or redistribute. In fact, previous efforts to redistribute wealth through programs that provided jobs in areas of the market that were in low demand were failing (and probably helped to prolong the depression.) If the demand did not exist, then the economy would not have been jump-started the way it was. The fact that it was the government that was giving out the contracts is almost incidental. I say almost because no other entity has unlimited credit. But the reason that factor was significant was probably due more to the "War effort" mentality than the will of the government.
[QUOTE="SEANMCAD"]I hope you are joking about the recession, becuase anyone with a full brain can see that overspending helped nothing during the depression. It took money from businesses and people who would have created many jobs, and used it to create few jobs. The war helped fix the economy, and the economy fixed itself. I guess the people with half a brain are wrong in this case.Anyone with half a brain would be at least a little educated about the great depression and would know that the economy didnt fix itself. No, the war in of itself didnt fix the economy, it was a out of control spending of goverment that fixed that economy.
That said, I dont think any person can or has fixed the economy they were just the right person at the right time.
I personally think the only thing that will fix this economy is on the size of something that makes economy itself either re-defined or un-important.
Why? becuase the fact is we have to many people and not enough resources and fixing that problem is going to be mythic in size.
Jacobistheman
The spending during the Great Depression was not enough to meet money needed according Keynes. Keynes said that the government needed to inject a massive amount of money into the public to recover from a economic slowdown. This massive injection occurred during the World War. After the war, economy recovered from the Great Depression because of the contracts given out by the government. The problem with classical economics is that if people don't spend the economy declines. What this means is that everytime people get scared by the economy and refuse to spend then the economy with decline. This creates a cycle in which the economy can grow. Keynesian attempts to solve this by giving out money so that economy will grow and create a morale boost in people to start spending again.
[QUOTE="chessmaster1989"][QUOTE="SEANMCAD"]I am amazed at how many people dont know basic US history.
What cured the Great Depression...The war? not exactly. it was complete and total out of control spending of the US goverment that actually brought us out of the great depression.
Will doing that solve this problem? In my mind no, this is a much bigger issue. Why? becuase I believe the source of the real problem is too many people not enough resources (speaking globally) and some of those resources are not renewable
SEANMCAD
No, the war brought us out of the depression (well, that is, the affects that the war had on the economy).
No actually it was not. Fiirst let me state a historical fact and then a view/point
1. what stoped the great depression was massive public works projects (including military) that was funded by goverment spending that was in amounts beyond what the goverment had. That is jsut factual and hard to spin but it can howevre to spin it people need to at least know this fact which I have noticed nobody here does.
2. View: We just got out of a war Iraq war, how did that war help us get out of an ecomonic hardship?
I have heard a lot of experts say on the news that without the Iraq war, the economy would be worse. Also the public works (except military) had no effect on the economy.[QUOTE="PhilMargera"]Obama and Oprah will definitely keep all the cocaine dealers rolling in cash. That much is a given.chessmaster1989
.....................................................................what? Wtf are you talking about?
Thier excessive coke use. You up to speed now?[QUOTE="sSubZerOo"][QUOTE="SEANMCAD"]1: Uhh no.. The work programs made people more comfy, but it never brought the United States out of the great depression.... 2: I find this a bit hypocritical, you are acting as if you have a firm grasp of history.. Yet you make such a silly comparison.. The global economy of the 30s and 40s is much different from the global economy of the 21st century.. Furthermore, this was a small scale war on a country that does not hold as much economic power at stake as WW2 had.. Your view of history is in conflict with what is on Wikipeida. Not saying that you are wrong but saying you have a lot of upward battles to have. Well than wikipedia is wrong.. We had a recession in the United States right after the war.. Work programs did not solve the problem of depression it only reduced its affects on population.. In the end the War helped us mobilize a massive industry.. It also made us a huge exporter of oil which was needed now that it was used as the main fuel for things such as Navy.. Where the United States exported something like 70% of the worlds oil supply at the time.. Furthermore.. The Great economic powers.. like britian and other places were in shambles after the war.. The United States filled the void. As seen even more when Great Britian on their knees with debt left the middle east, where the United States took over the oil efforts there..No actually it was not. Fiirst let me state a historical fact and then a view/point
1. what stoped the great depression was massive public works projects (including military) that was funded by goverment spending that was in amounts beyond what the goverment had. That is jsut factual and hard to spin but it can howevre to spin it people need to at least know this fact which I have noticed nobody here does.
2. We just got out of a war, how did that war help us get out of an ecomonic hardship?
SEANMCAD
[You know that sSubZerOo could have posted that on Wikipedia 15 min ago and you wouldn't know. Also did you read on there, and anywere else that the US was in a recession caused by overspending and everything in 37 and 38, that is the only thing that they were coming out of.Wiki says we were coming out of the downturn before the war was over and you say they are wrong.
You know what? I am going with wiki over sSubZerOo for my historical references on this one. No offense.
SEANMCAD
Not a chance. This "stimulus" package he's so wet over signing is the same crap we got from the Bush "stimulus" package and the $850 Billion dollar TARP Bailout package. Do people even comprehend how much money our Government is about to flush down the toilet? And it's not for items to "stimulate" the economy either; it's a list of pet projects Democrats have been pushing for the last 40 years.
You watch. When this Recession lasts another year and this cash does nothing, the 2010 mid-terms are (hopefully) going to clear out a lot of these clowns. Fixing the economy wouldn't be hard either. Cut the Corporate Tax, the Individual Income Tax and Capital Gains taxes for a temporary period; say, 2 years. Get Government Regulation out of the way of the Private Sector. If these morons could understand that instead of trying to push Socialism, we'd be money.
With rising unemployment rates, falling price of dollar, and bad housing
The dollar is actually doing surprisingly well against the Euro. And no, Obama will send us into a depression. I hope the republicans take seats next year and reclaim the white house in 2012.. We need them bad!I think that he may lay the groundwork for fixing the economy, but it will take way longer then the 4-8 years, that he is in the house.
But to be honest it is not him alone that works for it, alot of corporations has to do thiers, and people in general have to stop saving up.
Which is easy for me to say, and the stock market listens to no one man.
Just dont expect miracles.
[QUOTE="sSubZerOo"][QUOTE="SEANMCAD"] Your view of history is in conflict with what is on Wikipeida. Not saying that you are wrong but saying you have a lot of upward battles to have.SEANMCADWell than wikipedia is wrong.. We had a recession in the United States right after the war.. Work programs did not solve the problem of depression it only reduced its affects on population.. In the end the War helped us mobilize a massive industry.. It also made us a huge exporter of oil which was needed now that it was used as the main fuel for things such as Navy.. Where the United States exported something like 70% of the worlds oil supply at the time.. Furthermore.. The Great economic powers.. like britian and other places were in shambles after the war.. The United States filled the void. As seen even more when Great Britian on their knees with debt left the middle east, where the United States took over the oil efforts there..
Wiki says we were coming out of the downturn before the war was over and you say they are wrong.
You know what? I am going with wiki over sSubZerOo for my historical references on this one. No offense.
oh and wiki is saying
"Cost-plus pricing in munitions contracts guaranteed businesses a profit no matter how many mediocre workers they employed or how inefficient the techniques they used. The demand was for a vast quantity of war supplies as soon as possible, regardless of cost. Businesses hired every person in sight, even driving sound trucks up and down city streets begging people to apply for jobs"
and it seems to me you are implictly saying they are wrong. again, for now I am going with wiki for my sources.
Dude, no offense, but citing Wikipedia as the source supporting your argument is pathetic. Find a real source.
By the way, the cost-plus pricing still related to the war, so, in a sense, it was the war that brought us out of the depression.
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