U.S. stimulus spill over

[clayton]

I can not believe this remark. There are those who draw their inner strength to persevere from their god, while those from our left stand there, waiting, with their hand out.

[edlreed]

I’m curious how the role of the “individual” fits in with this god and american dream stuff. Why does your social context have to include either? As far as I’m concerned, socially, we owe each other good heart and good intent. That’s it, and keep your crusades and dreams where they belong…in your own heads. I find the purveyors of your god and the American dream are smack square in the middle of this energy driving greed and destruction.

[kimball]

Stuff ? Hmmm, good heart and good intent. Sounds familiar. WHO’S crusading ? Not me. My God ? Do you know who he is ? When you say purveyors of a God and the energy that drives greed. Do you mean the average HARD working American that wants more for his family.

Sir i think you need to ask yourself a few questions.

Jim

[edlreed]

No, Sir, I don’t know the God of the Christians, Jews and followers of Islam. I do know the Old testament, from which they derive their beliefs. Curious, no, they pray to the same God. As for asking questions, explain the God of the old testament. Explain the “Princes” of the church. Explain the Inquisition. Want some more questions? Want the answers?
Ooops, sorry. Questions, much less answers, don’t occur to those who have “faith”.
Be a good person, sir. Don’t bandy and classify those “on your left”, or for that matter, anyone.
And where did I malign the average “HARD” working person? In your characterization, YOU are the only average american, which is in itself a pretentious misnomer.

[ecotonecons]

Is it common for the ‘average’ hard working american with no education to make his first million by the age of forty working as a physical labourer/tradesman/business owner?

[kimball]

Being a hard worker is common in all the successful people i know. I never asked the gov. for anything. Not sure what the statistics say.

[Imxploring]

I think you’ll find that even the most sucessful people in any field that have come from humble roots will describe themselves as “average”. Warren Buffet comes to mind as someone that fits that bill! These folks may be “average” in their minds… but have the desire and drive to work hard and make good choices while staying focused on on their goals.

[keviyon]

Lets clarify the heart of the problem with the US economy right now. What we are seeing is the result of fiat money. A currency not backed by an asset such as gold will always be manipulated by the Central Bank (Federal Reserve) and the dirty little secret of politicians of both parties using the printing presses of the Fed to finance wars, stimulus packages, whatever, by inflating the currency. The worst excesses of this fraud are the “bubbles” tech, real estate, etc, which are caused by the Fed putting $ into the economy at too cheap a rate and creating, what the Austrian school of economics calls, “malinvestment”. These are not the actions of a free market/capitalist approach. These are the actions of the collusion between Big Government and the banking industry, also known as a cartel, the consequences of which are there for all to see. Unless of course one is looking at this tragedy with their own agenda to promote. Sprite comes to mind. The sub-prime real estate market was created by the government. For a quick refresher for anyone not knowledgeable about this: Carter signed off on the “Community Redevelopment Act” and Clinton put it into overdrive. Since the financial markets in the US are, through regulation, an arm of the gov’t, they basically told the mortgage industry to either relax the standards for making loans or the full force of the gov’t was going to come down on them. Sounds like the mafia doesn’t it? Barack Obama was one of the attorneys who successfully sued, I believe Citibank, to force them to continue making these loans. So lets reconsider all the attacks on capitalism and the free market,and consider the real source of the problem, fiat money, greedy politicians and their enablers in the banking industry.

[edlreed]

I’m not a fan of that great liberal, Clinton. Talk about a friend of big business. Just how many countries did that “liberal” attack? But amidst all the gruel that has come out of Bush’s vocal chords is his proudly proclaimed “fact” that his administration had put more minorities in their how homes than in any other administration.
How did he do that? Gee…
So, all those who have been so pleasantly surprised at the ridiculous inflation of value in their own houses (I hesitate to use the term “home” since they have become investments) and used that to pay for the kids college or perhaps a more exotic vacation every year…Welcome to day one.
To all of you involved in that obvious Ponzi scheme known as the stock market…Hello.
Now is the time for hard work and a shutting up of the agenda driven money mongers. The life style of this country has not improved under their steerage, or do we not concern ourselves with the youth of the US turning into mall rats with no idea where the capital of their state is. Or Europe. Certainly the disintegration of the family unit can be attributed to this drive for more toys.

[keviyon]

Here are some lyrics from Glenn Fry’s “Smugglers Blues”, a song that hits close to home on the effect of loose monetary policy via fiat money:
“There’s lots of shady characters, lots of dirty deals, in case somebody squeals. Its the lure of easy money, its got a very strong appeal. Perhaps you’d understand it better standin’ in my shoes, its the ultimate enticement, its the smugglers blues…”

Yes, the lure of easy money. It keeps the big government “Statists” in power and the people enslaved by their own bad choices. From the consumers point of view, it is a matter of balance. The balance being between savings & production on one side with consumption on the other. The US citizens now have a negative savings rate, and in effect so does the government. It is sheer folly to hear Repubs & Dems both talking about spending our way out of this mess. The “stimulus” plan will not work because it goes against all of the tenets of how free markets work. All you have to do is study Roosevelt’s response to the economy he inherited. There were 3 New Deals that he tried and they all failed. A great book on the subject is “The Roosevelt Myth” by Flynn and a great book on how the economy works and why government spending to revive the economy will not work is “Economics in One Lesson” by Hazlitt. Both can be found on the http://www.mises.org website. A great source of wisdom from the Austrian school of economics point of view.

[steve80545]

The US was warned and offered the solutions in the last election and they mocked the man as a kook. Let them suffer the consequences of their greed and ignorance, I say.

[Author]

Posts