Scott Stantis for January 26, 2010

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    comYics  over 14 years ago

    Earmarks: “One website to show the American people how theyre moneis being spent”.

    How about giving us OUR money, to us.

    That last 8 years”Obama said” have put the country into debt. Than he went onto say “Let’s show the American people we can do it together”. About getting out of debt. First your going to have to stop blaming imposter governments greed on “the last eight years”.

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    kennethcwarren64  over 14 years ago

    So someone screws up for 8 years and we just forget about it, someone screws up for 1 year and we just throw him out and bring back the orginal screw-ups. Makes a lot of sense.

    What people who say “You always blame it on Bush!” Are really saying is “Ignore the people who destroyed the economy, caused most of the problems we have right now, and just look at the last year!”

    Saying “There you go again blaming Bush.” Doesn’t answer any of the questions or charges, it is just an attempt to end the discussion.

    Let’s deal with the truth, the Republicans were in charge for 8 years, in that time we ended up with two wars, a destroyed economy, millions of Americans lost their jobs, their homes, and their health care, and the Republcans not only have no plans to fix it, what they are doing is keeping others from fixing it so that they can come back into power and just do what they always do – make the rich richer.

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    Briscoe  over 14 years ago

    I rather like the various deficit metaphors: giant pigs, Godzilla, enormous overweight congressmen, etc. Impossibly big and scary, that’s our deficit!

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    4uk4ata  over 14 years ago

    “How about giving us OUR money, to us.”

    Well, he could try to extend ARPA… but I doubt he’d do it. Would you support an real stimulus bill, not the token that Congress passed, ComYics?

    Personally, I am of the opinion that yes, it is at times of crisis that you should spend. You save for rainy days, not on them. Unlike in the early 80’s, we have nowhere near high inflation; the 30s might be a better parallel.

    You know what, maybe the stimulus had a blatant flaw - it was too small. Yes, I know - approximately 780 billion dollars aren’t chickenfeed. Yet over a third of that was tax cuts, and another 140 billion was fiscal relief for the states. So the stimulus was… about half of the entire thing.

    Let’s remember something else - in late 2008, there were fears that the Chinese economy - which focuses on exports and was supposedly in very, very deep fecal matters. So they had a stimulus as well, slightly over 500 billion USD - but that is for the CHINESE economy, which is less than a third of the US. Their stimulus was approximately 13.5% of their annual GDP; as opposed to the 5.5% that the ARPA was given. And it got put in the economy fast. China not only avoided disaster, but recovered quickly and is supposedly in an even better position.

    Yes, deficits are not something to be accumulated lightly. But there are times when deficit spending may be preferable to the alternative - twiddling your thumbs and praying that the arcane laws of the metaphysical perfect market will enable a fast recovery. I do not know about you, but I was taught God helps most often those who help themselves.

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