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Well it sounds like something he'd do.
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“I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
- John 13:34-35 (NRSV) -
I heard even with the 700 bn that the banks still aren't lending (they are however giving bonuses to themselves) and I think I know why. With the flight of industry allowed by care not governments since the 70s and the crash of the economy brought on by thieves and idiots there's almost nobody out there that can really qualify for a mortgage anymore. So while they've determined why the problem started, bad loans, they're just figuring out that there are very few good loans left to make. So, they have to start making bad loans again to get the numbers up.
This won't end well.Long time member @ Apolyton
Civilization player since the dawn of timeComment
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As long as the auto industry is as badly run as it is today, bailing it out only delays the inevitable. Maybe that delay is necessary to prevent further economic woes, but I don't think subsidies are a good idea in the medium- or long-term."The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists."
-Joan RobinsonComment
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Originally posted by Arrian
It seems a tad premature to freak out because Kid says "people are saying that the first thing Obama will do about the economy is shore up the auto manufacturers."
Don't you think?
-Arrian
I hear McCain's campaign staff are going to hijack his next flight and crash it into North Korea so he can be tortured some more to earn sympathy for the GOP.
...well, it sounds like something they'd do, doesn't it?Comment
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No, because that's precisely what Obama said he would turn to first. I don't know why he said it (he would have carried Michigan anyway), but he did.Originally posted by Arrian
It seems a tad premature to freak out because Kid says "people are saying that the first thing Obama will do about the economy is shore up the auto manufacturers."
Don't you think?
-ArrianI came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Ah, fair enough if so. I missed that comment.
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.Comment
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I believe Obama will be more like an Oreck........
ACK!
Don't try to confuse the issue with half-truths and gorilla dust!Comment
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hmmm... It's ok to bail out loansharks but not an industry that actually makes something and hires blue collar workers. Let alone if we actually got into some sort of major conflict that required things like tanks, jeeps, etc etcComment
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Unfortunately, the loan sharks had us over a barrel. But fortunately, The industry that actually makes something doesn't have us over a barrel.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Ironically, the more they dish out to corporations the higher borrowing costs get. Plus who's going to buy a car right now when they will be cheaper next year, and even cheaper the next year....Originally posted by Deity Dude
hmmm... It's ok to bail out loansharks but not an industry that actually makes something and hires blue collar workers. Let alone if we actually got into some sort of major conflict that required things like tanks, jeeps, etc etcI drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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I picked up Obamanomics from the library to try to get some idea of what his plan will be. I'm only on the second chapter, but according to the author, John R. Talbott, it is to achieve economic justice. The idea is that this will motivate workers to produce more. Now that sounds like Hoover.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Re: Re: Will Obama be another Hoover?
If that's really true I envy you.Originally posted by KrazyHorse
That is the worst idea I've ever heard.
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Re: Will Obama be another Hoover?
I believe what he's said is that the gov't should lend auto makers the money with which to re-tool so they can build more fuel-efficient cars.Originally posted by Kidicious
People are saying that the first thing Obama will do about the economy is shore up the auto manufacturers. He also plans to raise taxes. These two things indicate to me that he will be like Hoover in dealing with economic problems.
He did say, once, that if things go worse with the economy that maybe he'd put off revoking the Bush tax cuts for those making more than $250,000/year until they automatically terminate next year.
BTW: Obama isn't another Hoover; he's another FDR. It's Bush who copied Hoover's tricke-down economics and deregulated, highly-leverage finance markets,Comment
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Re: Re: Re: Will Obama be another Hoover?
I have a short memory.Originally posted by Kuciwalker
If that's really true I envy you.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio RegumComment
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Geez, just go to BarackObama.com and download his "Blueprint for Change."Originally posted by Kidicious
I picked up Obamanomics from the library to try to get some idea of what his plan will be. I'm only on the second chapter, but according to the author, John R. Talbott, it is to achieve economic justice. The idea is that this will motivate workers to produce more. Now that sounds like Hoover.
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