Where is the US economy headed?

@realjohnboy,

I listened to it. Basically, job creation is not even close to doing anything positive, he is correct on that. But I never heard him mention any real solutions, if I heard him right, he seems to view government spending as the answer, perhaps he thinks Obama has not spent enough of our money or he hasn't spent it the right way, it seemed like he hinted the money should be loaned directly to people instead of through the banks, but he fails to acknowledge the problem of government screwing up the loan markets by being overly involved, such as Fannie and Freddie? I never heard him say anything about private business, the American people being the answer to the economic crisis, and government needing to get out of the way of the free market for it to right itself and prosper.

1 Reply

@okie,

The thing that I find absolutely astounding about Joseph Stigtlitz, is that maybe he thinks the stimulus package was way too small? I find that just dumb, real dumb, amazingly dumb, for an economist anyway. Of course we know that Stiglitz is a liberal one, but good grief, you cannot rob the people and then give it back to them, and then repeat the process, that does not grow the economy. It is merely an exercise as viewed by Obama, as a way to rob certain people to give it to certain other people, a method of redistribution, which does not grow the economy.

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@okie,

You are wrong. We are robbing from the kids and grand kids, not from ourselves.

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@cicerone imposter,

cicerone imposter wrote:

Stiglitz also says the government should be planning another stimulus plan, because under the current situation, all levels of government are losing tax revenue, and it will become more "marked" without it.

The current Stimulus Plan resulted in an acceleration of "all levels of government ... losing tax revenue." It should be obvious to everyone that another Stimulus plan will actually result in more, not less, of a loss of government tax revenue becoming more "marked" WITH it.

Also, do not overlook the fact that another Stimulus Plan will create an even greater demand by government for tax revenue. How will the Obama administration handle both losses of revenue and increases in spending due to two Stimulus Plans? Why of course they will raise taxes on those currently earning more than those of us in the lower middle class. But those increases in taxes will discourage even more private investment than has already been discouraged. That discouragement of private investment by both Bush's and Obama's administrations (e.g., CRA, FANNIE, FREDDIE, TARP and STIMULUS) are what has CAUSED the job depression!

Wise up Obama supporters! The Obama administration's lying, stealing, insidious coveting is costing us all--rich, middle, and poor--far more severely than did the Bush administration.

1 Reply

@hawkeye10,

Hawkeye, the Obama administration is robbing from the present generation as well as from future generations. However, it's clear that future generations will be robbed from more and will be suffering the worse consequences.

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@ican711nm,

When you say "rob," how many presidents since Hoover are guilty of this?

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@cicerone imposter,

All presidents since Theodore Roosevelt robbed from the public. Obama, however, is the worst robber of them all.

Our nation and our liberties will be totally lost if we do not return to the rule of law under our Constitution of the USA.

1778: Alexander Fraser Tytler, better known as Lord Woodhouselee in 1778, wrote:

A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasure. From that moment on, the majority always votes for the candidates promising the most money from the public treasury, with the result that democracy always collapses over loose fiscal policy followed by a dictatorship. The average of the world's greatest civilizations has been two hundred years. These nations have progressed through the following sequence: from bondage to spiritual faith, from spiritual faith to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency, from complacency to apathy, from apathy to dependency, and from dependency back to bondage.

As of tomorrow, Sunday, January 17, 2010, the Constitutional Republic of the USA, "begun on Wednesday the fourth of March one thousand seven hundred and eighty nine," is 220 years 10 months 13 days old!

1 Reply

@ican711nm,

ican wrote:

Quote:

All presidents since Theodore Roosevelt robbed from the public.

Now, define "robbed?"

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@ican711nm,

ican, Have you not learned anything about life? Death and taxes are not only guaranteed, but assured by god.

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@cicerone imposter,

I thought you didnt believe in God?

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@cicerone imposter,

ican comments

cicerone imposter wrote:

The biggest problem with the bailouts is that it's now a precedence for future bailouts, so banks and finance companies can still manage their institutions poorly with the backup of the US government to bail them out in the future. They failed to establish controls and penalties for future failure, but instead assured them that the US government will be there to bail them out again.

Why has Obama continued to fail to "establish controls and penalties for future failure, but instead assured them that the US government will be there to bail them out again?"

The TARP funds were supposed to loosen up liquidity for small businesses and good credit customers; instead, they are reaping profit by usury interest rates and fees, and swapping of derivatives and stocks.

Why has Obama continued to fail to stop them "reaping profit by usury interest rates and fees, and swapping of derivatives and stocks?"

The US taxpayer pays twice to save the banks, and get screwed from both ends.

Why has Obama continued to fail to stop making the US taxpayer pay "twice to save the banks, and get screwed from both ends?"

Why hasn't Obama stopped rather than increased the bailouts?

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@cicerone imposter,

cicerone imposter wrote:

ican posted: All presidents since Theodore Roosevelt robbed from the public.
Cice posted: Now, define "robbed?"

President's rob from the public when they authorize taxes that violate the Constitution of the USA, and when their expenditures of those taxes violate the Constitution of he USA.

For example, authorizing the expenditures of taxes in accord with CRA, Fannie and Freddie,TARP and Stimulus is robbery, because those expenditures by the federal government are a violation of the Constitution of he USA.

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@ican711nm,

How can it be robbery when you have never proven that any tax imposed violates the US Constitution?

How dumb are you?

2 Replies

@cicerone imposter,

cicerone imposter wrote:

How can it be robbery when you have never proven that any tax imposed violates the US Constitution?

How dumb are you?

You really have to ask after you read his comments?

I am surprised ican isn't in jail for tax evasion based on his idiotic statements here.

1 Reply

@parados,

I'm just hoping he has the capacity to internalize the bull **** he spreads on these boards.

1 Reply

@cicerone imposter,

One good thing about the interet - it keeps the nut jobs off the street corners.

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@parados,

Yeah, keeps most of our children safe from these nut-cases.

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@cicerone imposter,

cicerone imposter wrote:

How can it be robbery when you have never proven that any tax imposed violates the US Constitution?

I have previously provided a preponderance of evidence that any income tax that violates either Article I, Section 8 of the Constitution, or the 5th Amendment violates the Constitution. The current income tax does both. Furthermore transfering federal tax revenues to non-government employees or to orgnizations that have not lawfully earned those revenues violates the 10th Amendment.

Federal courts, are required by Article VI of the Constitution to be bound by the Constitution, and cannot not legally legislate changes to the Constitution and cannot legally amend the Constitution.

Also according to Article VI, the Constitution is the "supreme law of the land," not the federal courts.

Whether you agree or disagree is irrelevant.

1 Reply

@ican711nm,

What you're trying to say is that all presidents and congress have violated the constitution. Where's your proof? How come you haven't contacted the Supreme Court to make your case? ROFLMAO

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@parados,

parados wrote:

One good thing about the interet - it keeps the nut jobs off the street corners.

Yes, that "interet" does serve a purpose. Parados is not on the street corner, but is instead on the "interet." Is that a new medication that I have not yet heard of, Parados? Interet, what do you take that for, and did you get that prescribed to you by a doctor?

1 Reply

Where is the US economy headed?

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