We spend our way out of it the way we did last time, because if the economy doesn’t get better, nothing will. When FDR gave into the conservatives and introduced tighter government spending, the economy promptly took a nose-dive. Killing the bill to fund the economy will keep us down for years longer if something isn’t done. You don’t create jobs by not spending, folks.
Of course, the GOP likes the idea of keeping workers poor and desperate, because that keeps them cheap. Raising the minimum wage is “inflationary!” but cutting taxes more for the rich during a deficit is “stimulating!” Yeah, for their bank accounts…it didn’t work for Reagan, it won’t work now.
The only thing that can end the slide is faith. Faith in our economy, faith in our workers and faith in our government to provide incentives for industry to move back to the U.S. Some are trying their hardest to create failure of the present administration at all costs. If it fails, the whole country comes down with it. First, bring back the 40 hour work week.
Chinese is a very beautiful language, maybe I’ll go ahead and get started on my Mandarin.
Anyone want to watch Nihao Kai-lan with me? It’s an awesome show and she’s so cute!
^ No, because he’s an idiot. Everyone knows that the only way to be accurate with statements like that is to say it from the deck of an aircraft carrier while wearing a flight suit with the words “Mission Accomplished” draped behind you.
Then, and only then, can I take what he says seriously.
”^ funny Jade, but that “mission” was accomplished and they came home safely. There are many battles in a mission and there are many missions in a war. ”
I agree, after that statement we had a complete troop draw-down and saw no more real troop engagements, such as losses, etc. You’re right, “mission accomplished” has absolutely no comedic equivalency with the Stimulus employment projections.
“But Joe is out there banging the drum of stimulus is working.”
Just like there’s no comedic equivalency with this statement and “the principles of the Economy are strong” or the trumpet blowing of our flawless efforts in the war in Iraq – which ended that prophetic day in 2003.
“Wo jee wei sho e dien djien jong wen.”
I think it’s the spelling that’s throwing off Babelfish. Just like I’m not used to your spelling of Ni hao. Translate? :3
Economists do make me think of “The Music Man”, but Krugman does stay on pitch more often than most, and if Republicans had tried to harmonize a bit, a long time ago, we’d all be better off, not just the wealthiest 1% of the populace.
Motiv; You are SOOO wrong Truman got us out by lifting alot of the regs. and taxes that that idiot FDR imposed on us and we had at least a full decade of prosperity till the coronation of the KENNEDY.
Moody’s is on top of things once again… Yesterday, the credit-ratings agency warned Spain may lose its triple-A rating (Moody’s would be the last major ratings agency to downgrade Spain). What could have prompted Moody’s sudden revelation? Could it be Spanish unemployment above 20% (with youth unemployment around 40%)? Or the 11.2% budget deficit?
In any case, the ratings agency will conduct a three-month review of the country’s finances. “[If] at the conclusion of the review, Spain’s ratings are lowered, it would most likely be by one, or at most two, notches,” Moody’s said. Kathrin Muehlbronner, a Moody’s senior risk analyst, does not want investors to take the review out of context, assuring everyone “Spain is a very highly credit worthy country.”
It is obvious Spain is not “a very highly credit worthy country.” Spain is broke and has few prospects for future growth. Its currency, the euro, is doomed. And it will have an increasingly difficult time refinancing its debts as investors continue to lose faith in the euro. (Spain has $16.2 billion coming due next month.) While Moody’s is still considering downgrading Spain as a whole, it did downgrade five Spanish regions today, though they all maintain double-A-plus ratings. Moody’s is doomed to operate while looking in the rearview mirror.
Very true. I don’t think anyone denies this. The question isn’t “do we spend our way out of debt,” but rather “do we spend our way out of a recession?”
^Yep. And evidence indicates that we DID spend our way out of the Depression, which increased jobs, which increased the economy, which made it possible to pay off the debt.
Jaedabee Premium Member almost 14 years ago
I prefer frozen yogurt… or in Biden’s case… custard.
kennethcwarren64 almost 14 years ago
Well how do you end the worse recession since 1929?
I’m talking to you GOP!
Motivemagus almost 14 years ago
We spend our way out of it the way we did last time, because if the economy doesn’t get better, nothing will. When FDR gave into the conservatives and introduced tighter government spending, the economy promptly took a nose-dive. Killing the bill to fund the economy will keep us down for years longer if something isn’t done. You don’t create jobs by not spending, folks. Of course, the GOP likes the idea of keeping workers poor and desperate, because that keeps them cheap. Raising the minimum wage is “inflationary!” but cutting taxes more for the rich during a deficit is “stimulating!” Yeah, for their bank accounts…it didn’t work for Reagan, it won’t work now.
Simon_Jester almost 14 years ago
I read that article, scary stuff, especially when you consider that Krugman correctly called the housing meltdown.
Justice22 almost 14 years ago
The only thing that can end the slide is faith. Faith in our economy, faith in our workers and faith in our government to provide incentives for industry to move back to the U.S. Some are trying their hardest to create failure of the present administration at all costs. If it fails, the whole country comes down with it. First, bring back the 40 hour work week.
PaddyJaye almost 14 years ago
Billdog: Stop the name calling.
Jaedabee Premium Member almost 14 years ago
“Do we learn chinese?”
Chinese is a very beautiful language, maybe I’ll go ahead and get started on my Mandarin. Anyone want to watch Nihao Kai-lan with me? It’s an awesome show and she’s so cute!Jaedabee Premium Member almost 14 years ago
^ No, because he’s an idiot. Everyone knows that the only way to be accurate with statements like that is to say it from the deck of an aircraft carrier while wearing a flight suit with the words “Mission Accomplished” draped behind you.
Then, and only then, can I take what he says seriously.
SherriannPederson almost 14 years ago
Eat the dairy which exists today…. and you will scream, because the preservatives in it will always make you feel ill…
tomcib almost 14 years ago
Nei how mah, Jade: Wo jee wei sho e dien djien jong wen.
oneoldhat almost 14 years ago
warren how the demo ended 1929 dep was to have pearl harbor bombed – in order to be dips you have to have ups not just a dip in charge
starguy almost 14 years ago
Triple dip?
How’s that hope and change working out for you?
dwnoname almost 14 years ago
blocked by filibuster
Jaedabee Premium Member almost 14 years ago
”^ funny Jade, but that “mission” was accomplished and they came home safely. There are many battles in a mission and there are many missions in a war. ”
I agree, after that statement we had a complete troop draw-down and saw no more real troop engagements, such as losses, etc. You’re right, “mission accomplished” has absolutely no comedic equivalency with the Stimulus employment projections.“But Joe is out there banging the drum of stimulus is working.”
Just like there’s no comedic equivalency with this statement and “the principles of the Economy are strong” or the trumpet blowing of our flawless efforts in the war in Iraq – which ended that prophetic day in 2003.“Wo jee wei sho e dien djien jong wen.”
I think it’s the spelling that’s throwing off Babelfish. Just like I’m not used to your spelling of Ni hao. Translate? :3mangoman99 almost 14 years ago
^ But whose idea was the cod piece in the flight suit?
Justice22 almost 14 years ago
^ I think that was Alfred E. Newman’s idea.
pirate227 almost 14 years ago
The entire flight suit was surrounding a cod piece.
Dtroutma almost 14 years ago
Economists do make me think of “The Music Man”, but Krugman does stay on pitch more often than most, and if Republicans had tried to harmonize a bit, a long time ago, we’d all be better off, not just the wealthiest 1% of the populace.
davesmithsit almost 14 years ago
Motiv; You are SOOO wrong Truman got us out by lifting alot of the regs. and taxes that that idiot FDR imposed on us and we had at least a full decade of prosperity till the coronation of the KENNEDY.
cfimeiatpap almost 14 years ago
Moody’s is on top of things once again… Yesterday, the credit-ratings agency warned Spain may lose its triple-A rating (Moody’s would be the last major ratings agency to downgrade Spain). What could have prompted Moody’s sudden revelation? Could it be Spanish unemployment above 20% (with youth unemployment around 40%)? Or the 11.2% budget deficit?
In any case, the ratings agency will conduct a three-month review of the country’s finances. “[If] at the conclusion of the review, Spain’s ratings are lowered, it would most likely be by one, or at most two, notches,” Moody’s said. Kathrin Muehlbronner, a Moody’s senior risk analyst, does not want investors to take the review out of context, assuring everyone “Spain is a very highly credit worthy country.”
It is obvious Spain is not “a very highly credit worthy country.” Spain is broke and has few prospects for future growth. Its currency, the euro, is doomed. And it will have an increasingly difficult time refinancing its debts as investors continue to lose faith in the euro. (Spain has $16.2 billion coming due next month.) While Moody’s is still considering downgrading Spain as a whole, it did downgrade five Spanish regions today, though they all maintain double-A-plus ratings. Moody’s is doomed to operate while looking in the rearview mirror.
Jaedabee Premium Member almost 14 years ago
“We can’t spend our way out of debt.”
Very true. I don’t think anyone denies this. The question isn’t “do we spend our way out of debt,” but rather “do we spend our way out of a recession?”Motivemagus almost 14 years ago
^Yep. And evidence indicates that we DID spend our way out of the Depression, which increased jobs, which increased the economy, which made it possible to pay off the debt.
WarBush almost 14 years ago
Want jobs? Try Protectionism.
SuperGriz almost 14 years ago
Neo,
Done and done…