114
   

Where is the US economy headed?

 
 
cicerone imposter
 
  1  
Reply Mon 17 Sep, 2012 01:20 pm
@hawkeye10,
It only proves most of those who disagree don't understand Econ 101. Most of the stim bill went for tax cuts for the middle class and extension of unemployment insurance. They in turn had the $$$$ to spend in the market place that boosted sales and employment.

That's simple Econ 101.

There's no cure for stupid.
0 Replies
 
cicerone imposter
 
  1  
Reply Mon 17 Sep, 2012 01:23 pm
@hawkeye10,


BTW, what ails you is your total ignorance about economics.

Your assumptions about change in the monetary system lacks basic understanding of how economies operate.
0 Replies
 
BillRM
 
  1  
Reply Mon 17 Sep, 2012 01:28 pm
@hawkeye10,
Quote:
Stimulus was a very expensive band aid which does not cure the illness....hardly helps at all, though it does delay the visable degeneration for a spell,


Refer to any economic history book of how the great depression was wash away due to government spendings in rearming and then fighting WW2.
0 Replies
 
parados
 
  1  
Reply Mon 17 Sep, 2012 01:46 pm
@hawkeye10,
Which highly regarded economist has stated there is no benefit from a stimulus?
roger
 
  1  
Reply Mon 17 Sep, 2012 01:52 pm
@Cycloptichorn,
I think it might make a difference in exactly which taxes are being cut and which are being raised.
Builder
 
  1  
Reply Mon 17 Sep, 2012 02:23 pm
@parados,
Parados wrote;
Quote:
While it is easy to argue that any administration acted badly, it is much harder to argue with actual facts that they committed criminal offenses that can be charged in US courts.


My bolds;
Quote:

As he prepared to accept his nomination for re-election last week, the president made good on a promise he made at the beginning of his term: No CIA officers will be prosecuted for torture. Attorney General Eric Holder quietly announced before the convention that the last two torture investigations would close (like all the prior investigations) without any charge. As a virtual afterthought, the Justice Department added that it would not address the “propriety of the examined conduct.” The “impropriety” involved two suspects who died under torture by CIA officials.
For those still infatuated with Obama, the announcement was the final triumph of “hope” over experience. Since Obama ran on a civil liberties platform, many expected an independent torture investigation as soon as he took office. After all, waterboarding is one of the oldest forms of torture, pre-dating the Spanish Inquisition (when it was called tortura del agua). It has long been defined as torture by both U.S. and international law, and by Obama himself. Torture, in turn, has long been defined as a war crime, and the United States is under treaty obligation to investigate and prosecute such crimes.


Your admin has a way of twisting the English language around to suit its own purposes, (think Citizens' United for eg.) but torture is defined by those outside of the US of A, is it not?

Quote:
Though the White House denied the stories, Obama later gave his controversial speech at the CIA headquarters and did precisely that. In the speech, he effectively embraced the defense of befehl ist befehl (“an order is an order”) and, in so doing, eviscerated one of the most important of the Nuremburg principles. Obama assured the CIA that employees would not be prosecuted for carrying out orders by superiors. This was later affirmed by Holder’s Justice Department, which decided that employees carrying out torture were protected because they followed orders. The administration then decided that those who gave the orders were protected because they secured facially flawed legal opinions from the Justice Department. Finally, the Justice Department decided not to charge its own lawyers who gave those opinions because they were their . . . well . . . opinions.


Your admin has taken up itself to make up the story about international crime, or definitions of same, as it goes along. How very convenient. Much like allowing banksters to do what they like with their "bailout" money, and turning a blind eye to the fed res for printing greenbacks and handing them out to O/S bankster buddies. The deeper I look, the worse it gets.

Full article here.
Cycloptichorn
 
  1  
Reply Mon 17 Sep, 2012 03:08 pm
@roger,
roger wrote:

I think it might make a difference in exactly which taxes are being cut and which are being raised.


In what way? I'm willing to accept the validity of that argument, but I would want to see more specifics.

Cycloptichorn
hawkeye10
 
  1  
Reply Mon 17 Sep, 2012 04:33 pm
@Builder,
Americans generally have taken to twisting language to suit our purposes....we are not big believers in honesty anymore, the ends almost always justify the means now as well.

We used to be better.
hawkeye10
 
  1  
Reply Mon 17 Sep, 2012 04:42 pm
@parados,
parados wrote:

Which highly regarded economist has stated there is no benefit from a stimulus?

I am at work so I don't have time to research but many have said that the tottal package, short term benefit and the bill that will need to be paid latter, in total is a negative. Some have gone so far as to say that it is the equivalent of using a loan shark, and many have said that loading our kids up with bills that we long ago used up the benefits of is immoral.

We have structual problems not a one time problem, acting like we just need to spend a wad of cash now to get over the hump to the good days is a massive lie...a rationalization for being stupid. We are taking a huge load of debt that we expect our kids to pay off and then largly blowing the money on a life style which we can no longer afford. What we have done is the dictionary definition of irresppnsible.
Builder
 
  1  
Reply Mon 17 Sep, 2012 04:55 pm
@hawkeye10,
Quote:
.....we are not big believers in honesty anymore, the ends almost always justify the means now as well.


There's some honesty right there, Hawkeye.

Hence the saying "Truth, Justice, and the American Way". The three terms being mutually exclusive, it would appear.
roger
 
  1  
Reply Mon 17 Sep, 2012 05:51 pm
@Cycloptichorn,
Okay. My favorite in the line of useless tax cuts would be a $600.00 "rebate" in the middle of the year. So everybody runs out and buys a couple of extra hamburgers, but no lasting effect on the economy. It didn't influence future decisions or productivity.

On the other hand, more rapid depreciation and bonus depreciation is also a tax cut. It did influence future decisions, and increased future productivity.

0 Replies
 
hawkeye10
 
  1  
Reply Mon 17 Sep, 2012 05:58 pm
@Builder,
Builder wrote:



There's some honesty right there, Hawkeye.

Hence the saying "Truth, Justice, and the American Way". The three terms being mutually exclusive, it would appear.

You can see it right here on A2K....watch how many people mis-use words as they try to drive a point, and how often people resort to personal vilification to try to excuse never dealing with points which go against or likely would their agenda/beliefs.
izzythepush
 
  1  
Reply Mon 17 Sep, 2012 06:00 pm
@hawkeye10,
Bloody Hell Hawkeye, you misuse words all the time.
Builder
 
  1  
Reply Mon 17 Sep, 2012 06:12 pm
@hawkeye10,
hawkeye10 wrote;
Quote:
.....watch how many people mis-use words as they try to drive a point, and how often people resort to personal vilification to try to excuse never dealing with points.....


Used to be that ad hominen retorts are an admission of defeat (or they were, until that probably got distorted in meaning as well as the truth).

Makes me wonder at the rationale behind some people's postings. Either they are defending the indefensible, or just too proud to admit that their own admin is responsible for the atrocious state of everything wrong with the American economy, and it's not really a dem/repub issue, but actually a criminal infiltration of the admin that started possibly in the middle of the last century, if not before then.

Much easier to cling to the old dem/repub issues, isn't it? Where's the middle ground? Where's the third option? Where's the outcry that both candidates are accepting bribes from the same criminal corporate bosses?
reasoning logic
 
  1  
Reply Mon 17 Sep, 2012 06:29 pm
@izzythepush,
Have you been paying any attention to those lipstick liberals?

0 Replies
 
hawkeye10
 
  2  
Reply Mon 17 Sep, 2012 07:18 pm
@Builder,
The triumph of fantasy over reality requires some very nifty ego tricks.....
Builder
 
  1  
Reply Mon 17 Sep, 2012 07:49 pm
@hawkeye10,
Quote:
The triumph of fantasy over reality requires some very nifty ego tricks.....


I'll pay that one. Well said.
0 Replies
 
parados
 
  1  
Reply Mon 17 Sep, 2012 08:21 pm
@Builder,
Congratulations. You have presented no evidence of a crime. An opinion doesn't make a crime. An argument that they can't charge crimes doesn't make a crime.

Under the law you don't cite is ignorance of the law a defense?
parados
 
  1  
Reply Mon 17 Sep, 2012 08:22 pm
@hawkeye10,
Quote:
I am at work so I don't have time to research but many have said that the tottal package, short term benefit and the bill that will need to be paid latter, in total is a negative. Some have gone so far as to say that it is the equivalent of using a loan shark, and many have said that loading our kids up with bills that we long ago used up the benefits of is immoral.

I look forward to seeing which highly regarded economists said that.
Builder
 
  1  
Reply Mon 17 Sep, 2012 08:30 pm
@parados,
parados wrote;
Quote:
Congratulations.


Thanks, I think?


parados added;
Quote:
You have presented no evidence of a crime. An opinion doesn't make a crime. An argument that they can't charge crimes doesn't make a crime.

Under the law you don't cite is ignorance of the law a defense?


You'd need to check into the person's credentials that I quoted then. Not sure why I should do your legwork for you, but here it is. Seems to me, he's more than qualified to make his assertions, and I'm more than convinced of his acumen and proof. The link to the following is from the above post. Bookmark it. I'm not going to post it again.


Quote:
Bio

JONATHAN TURLEY

Professor Jonathan Turley is a nationally recognized legal scholar who has written extensively in areas ranging from constitutional law to legal theory to tort law. He has written over three dozen academic articles that have appeared in a variety of leading law journals at Cornell, Duke, Georgetown, Harvard, Northwestern, and other schools.

After a stint at Tulane Law School, Professor Turley joined the George Washington faculty in 1990 and, in 1998, was given the prestigious Shapiro Chair for Public Interest Law, the youngest chaired professor in the school’s history. In addition to his extensive publications, Professor Turley has served as counsel in some of the most notable cases in the last two decades ranging, representing whistleblowers, military personnel, and a wide range of other clients.

In 2010, Professor Turley represented Judge G. Thomas Porteous in his impeachment trial. After a trial before the Senate, Professor Turley (on December 7, 2010) argued both the motions and gave the final argument to all 100 U.S. Senators from the well of the Senate floor — only the 14th time in history of the country that such a trial of a judge has reached the Senate floor. Judge Porteous was convicted of four articles of impeachments, including the acceptance of $2000 from an attorney and using a false name on a bankruptcy filing.

In 2011, Professor Turley filed a challenge to the Libyan War on behalf of ten members of Congress, including Representatives Roscoe Bartlett (R., Md); Dan Burton (R., Ind.); Mike Capuano (D., Mass.); Howard Coble (R., N.C.); John Conyers (D., Mich.); John J. Duncan (R., Tenn.); Tim Johnson (R., Ill.); Walter Jones (R., N.C.); Dennis Kucinich (D., Ohio); and Ron Paul (R., Tx). The lawsuit was before the United States District Court for the District of Columbia.
 

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