[GitaraMoya]

That is why we will head into a depression instead of a recession. Inflate or die theory will not work this time because of the massive layoffs buidling momentum. They need to strenghten the dollar. Cut government to the BONE. The problem here is government officials don't have clue on how to really work for a living.
Debasing the united states currency will not work and until they figure this out and raise interest rates then we will not move forward.

Raise interest rates and cleanse the system............let capitalism work itself.

[AdvertisingPo]

Government jobs are funded by taxpayers. Creating government jobs takes away money from those whom already have jobs and takes their capital out of the economy, thus making things worse.

I think a lot of people need to read Amity Shlaes' The Forgotten Man to really understand that the New Deal was a failure and the postwar boom was the result of New Deal policies being repealed during WWII and the US being the last real major industrial power left standing at the end of the conflict.

/Ok I went to school in the USSR, why the hell do I understand this better than most fancy university graduates here?

For the record, the Democrats have controlled Congress the last two years, and it is Congress which controls economic policy. Obama's financial team got a glowing review and wet kisses from Karl Rove two weeks ago and Bush's recent financial behavior is completely ass backward from Republican doctrine. So to blame everything on boy, who acts like a Democrat, George, whom went along with Democrat controlled congress, and now saying Democrats will do better is laughable.
The collectivists have been gaining power the last few years in both parties to our detriment and you can kiss individualism goodbye if Obama embraces all the radical garbage he grew up believing in.

[UltraSearchs]

Two case studies - editorializing left out:

The Situation
Franklin Roosevelt took office as the economy was sliding into another major economic crisis - the three decades prior to this there were several bank panics and currency crisis.

The proposed solution:
FDR proposed higher taxes, protectionist trade, and big, big government programs.

***

The Situation
George Walker Bush took office also just as the economy was sliding into crisis. The Clinton recession was in solid effect, fueled by the "dot-com bust" and then on top of this, just months into office, the nation was rocked by the first act of war since Pearl Harbor. Markets froze, the already fragile stock market tanked even further, and the weak economy was further jolted into recession. Many people called the situation at the time, "the worst economic crisis since the Great Depression" - people like then-state rep. Barry Obama (direct quote).

The proposed solution:
George Bush proposed slashing taxes on all people (rich, middle class, poor - every tax bracket) corporations, capital gains and investments. He opened up trade to more markets, continuing a push for free-trade agreements. He attempted to cut government spending, but was hamstrung by the War waged against the United States on Sept 11.

In effect, he took the exact opposite approach that FDR took.

The Results:
For FDR, the recession turned into the Great Depression.
For GWB, the recession was kept at bay

(Obviously - OBVIOUSLY - an overly simplistic view whitewashing several factors, but the two case studies are illustrative)

I believe Barrack Hussein Obama is smart, not dumb.

This is why he is going to continue all the major Bush economic policies - the ones that he labeled the "failed economic policies of the past 8 years"

Meet the new boss, same as the old boss.

I for one am relieved.

[AdvertisingPo]

awood91, Barrack Hussein Obama has gone by the name Barry H. Sorrento at times during his life, so I think it's not disrespectful to call him by any of those names.

[RotsLoado]

Shhh.... don't discourage them!

This tactic worked wonders for them in '08 and hopefully they will keep pushing it through to '12.

[AdvertisingPo]

Exactly, and both parties in Congress have been behaving exponentially badly with our money since the dot com boom made them think cash grows on trees.

[RotsLoado]

I love it. Keep it up.

[Wrencytet]

I'd like to see us close every single overseas military base. Spend that money at home instead.

[Stoniaanapy]

OBL and company are the loudest but not the greatest of our worries. East, east...

[dxpfmP0l]

Quote:

[Stoniaanapy]

So a few weeks ago I'm driving through a town in northern Maine and I see this combination gun shop/coin store festooned with British, American, USSR and Nazi flags outside. I figure I've got to see what this is all about.

Inside, after looking over the Lugers and beat up Mosin-Nagants, I strike up a conversation with the proprietor. Apparently, the local folk wisdom has it that all paper money will soon be worthless, specie is the way to go, and it will soon take a Morgan Silver Dollar at the local store to get a single bag of groceries. Peasant superstition?

Anyway, he took my plastic, but I didn't have the heart to point out that, since his village is at the wrong end of the supply line, a Morgan will buy a big bag of nothing.

[AdvertisingPo]

Erm because...
1.Eastern Massachusetts and Regan don't really mix. It's more of a case of an Unstoppable force colliding with an immovable object.
2.Why can't we just call it the Liberty Tunnel or Fitzgerald Tunnel to keep it named generically for the taxpayers or after the original highway which was only relocated?

[AdvertisingPo]

Given that the park and garage is maintained by the financial companies abutting the square, I'd say their massive nosedive in profits has curtailed spending on 'aesthetic' items.

[Aswdwdfg]

Do you really believe the US will benefit economically from aiding Iraq? They have one resource: oil. In the future, we will not need oil. They are not heavily industrialized, so it is unlikely they will do a very large amount of trade with us, and it isn't really a tourist generation-how can we receive income from them?

[Stoniaanapy]

Quote:

[UltraSearchs]

I know this is off the subject of "the economy" and it revives a dead thread - BUT - this is in reference to the previously mentioned subject of names vs. brand names

Caroline Schlossberg has died.

Well, her name did, she has re-branded herself "Caroline Kennedy" part of her positioning campaign as she assumes the throne rightfully bestowed upon her at birth.

http://www.bostonherald.com/news/col...ome&position=3

[Pedsshuth]

With President Obama surely going to spend billions on infrastructure and public projects, Massachusetts is sure to see a piece of it. On yahoo they had a top 10 list of cities that are asking for billions and their likely job creation numbers. They titled it, stimulus boomtowns. Massachusetts was not in their top 10, Miami actually sat at number 1.

In any event, does anyone know how much money Massachusetts is seeking?

What big projects do you see getting money. It was mentioned that San Francisco was going to use the money to get some big projects going. Could some of the money Mass gets be used to help kick start stalled projects?