0
0

Policymakers have made another Depression Unavoidable


 invite response                
2011 Jun 4, 11:03am   12,069 views  59 comments

by kentm   ➕follow (0)   💰tip   ignore  

continuing the 'fyi' reposting series...

http://www.informationclearinghouse.info/article28244.htm

If you slash government spending, lay off workers, and trim the deficits, then spending will slow, incomes will shrivel, GDP will wither, and the economy will slip back into recession.

Mike Whitney

« First        Comments 55 - 59 of 59        Search these comments

55   HousingWatcher   2011 Jun 6, 9:39am  

"H1-B visas are great though, they teach Yuppies not to be too quick about accusing blue collar workers of xenophobia, when they realize the same process that kept their lawncare costs down applies to their own fields of endeavor as well."

True. But I think the H1-B Visa is becoming obsolete, as more companies offshore work and instead use the L-1 Visa, which has no cap or prevailing wage requirement.

56   Done!   2011 Jun 6, 10:00am  

HousingWatcher says

WASHINGTON — After the House reversed course and gave final approval to the $700 billion economic bailout package, President Bush quickly signed it into law on Friday, authorizing the Treasury to undertake what could become the most expensive government intervention in history.

Let me clear this up...

0,700,000,000,000 What Bush gave in that Bail out.
3,800,000,000,000 What has been paid to date.

3,100,000,000,000 Is what Obama has given in one form of stimulation bail out or other.

57   FortWayne   2011 Jun 6, 10:54am  

HousingWatcher says

Complete nonsense. Paulson and Bernanke were the main ones selling the bail outs. Paulson even went as far as to get on his knees and beg Pelosi to pass the bill.

http://factreal.files.wordpress.com/2009/04/bailoutsummarylist4-13-2009.pdf

http://money.cnn.com/news/storysupplement/economy/bailouttracker/

both parties were responsible. Republicans in Congress were going to get executed due to public outrage if Obama did not sell the necessity of the bail outs. And he sure did it.

58   Â¥   2011 Jun 6, 4:35pm  

ChrisLA says

if Obama did not sell the necessity of the bail outs. And he sure did it.

Obama was elected a month after the bailouts were signed into law.

http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program

You do understand this point of reality, right?

59   Done!   2011 Jun 7, 3:23am  

state says

Tenouncetrout says

Let me clear this up…
0,700,000,000,000 What Bush gave in that Bail out.

3,800,000,000,000 What has been paid to date.
3,100,000,000,000 Is what Obama has given in one form of stimulation bail out or other.

lmao, “let me just throw up some numbers without any source or explanation, also let me start one with a zero because I need everything to line up for my OCD”

If you can't be more creative with snappy comebacks than that, then quit being a Nudzh.

Obama_Bailout_Beneiciary

Here's bailout money hard at work.

« First        Comments 55 - 59 of 59        Search these comments

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions