[AlexdeLarge]

Congrats America !!! You are farking your country!!

Senators reach deal to cut stimulus bill to $780B

They are even flying in a brain dead murdering drunk to make sure it passes.!!!! ( No.....not Bush )

Kennedy returning for stimulus vote

Man.......you couldn't even make this sh#t up! Not one of these clowns have had time to even read all the BS in this bill. They have no idea what they are voting on or if it will work. We are definitely living in Bizarro World and all the clowns are insane.........

[mos6507]

I keep thinking of the scene in Star Trek II where McCoy says to Kirk about Spock "He's dead already" despite the fact that Spock is still stumbling about on his last legs. That may be what the situation is with our economy. So I really don't see how not passing the stimulus bill is going to make things all better again. More likely it will keel over anyway. The stimulus is CPR for a patient already in cardiac arrest.

[Cynus]

Gotta spend as many dollars as we can before introducing a new currency.

The government is so pathetic and infuriating... when do we finally get our pitchforks and torches out?

[AlexdeLarge]

I keep thinking of the scene in Star Trek II where McCoy says to Kirk about Spock "He's dead already" despite the fact that Spock is still stumbling about on his last legs. That may be what the situation is with our economy. So I really don't see how not passing the stimulus bill is going to make things all better again. More likely it will keel over anyway. The stimulus is CPR for a patient already in cardiac arrest.

Damnit Jim ! Are you out of your Vulcan mind? Now take this pill, and call me in the morning!

Stimulis: Because all economies have performance issues

[POAlex]

Its like throwing kerosene on a fire.

Alex

[seldom_seen]

Well I'm glad this spending bill is passing, because we all know what would happen if it didn't.

The earth would break from its orbit, hurling aimlessly through space as relentless meteor shows hammered the earth in to bits and pieces. Not to mention everyone in the universe would lose their job.

Do you really want to see that happen?

[cipi604]

Stimulus becoming history.

Bread and circus, for free.

[heroineworshipper]

Best quote of the day came from a furloughed U Know Whatican.

AP

"It feels like we're being punished because we chose a career in state government,"

God Americans are dumb. What country puts out these losers?

[phaster]

if think of it in terms of Zimbabwe dollars, then 780,000,000,000.00 does not seem like all that big a deal

[americandream]

What do you suggest? We stimulate China destined consumption with tax cuts?

[seldom_seen]

We still haven't even got to the mother of all stimulus packages yet.

In a few months, when this pork program results in a whole lot of nuttin. Talk will start about MOAS (Mother of all stimulus). This though still might not be the last one.

This could lead to GOD (Give out dollars). The GOD program will be a Blitzkrieg of benjimans. Land, sea and air. A mass mobilization of all agencies injecting liquidity and stimulating economies (why does all this stuff sound like a porn?)

[americandream]

We still haven't even got to the mother of all stimulus packages yet.

In a few months, when this pork program results in a whole lot of nuttin. Talk will start about MOAS (Mother of all stimulus). This though still might not be the last one.

This could lead to GOD (Give out dollars). The GOD program will be a Blitzkrieg of benjimans. Land, sea and air. A mass mobilization of all agencies injecting liquidity and stimulating economies (why does all this stuff sound like a porn?)

What choice is there? You either drip feed China, Republican style (ie continue to let the market decide whether you should have factories in China or the US ) or you embark on a crash program in taking back America Democrat style (let the people pay for restoring American manufacturing and infrastructure and in the process kick-start its internal dynamics ).

Your time has come. Squander this opportunity and you have no one else to blame but yourself for putting ideology before your country. The Chinese will see you for what you are...a soft touch and will of course play the game with you, on their terms as usual.

[seldom_seen]

or you embark on a crash program in taking back America Democrat style

AD...I would agree with you if I thought that was actually the intention.

I don't see that though. All I see is World Bank/IMF style threats and fear mongering used to break the US over the banker's knee. Just as they've done to so many other countries...Mexico, Jamaica, Brazil...et cetera...

Two of the most prominent economic positions in the Ooobs administration are held by people from the World Bank and the IMF.

The people running the show don't give a flying turd what happens to the US. They never did. They only care about chasing the money around the world...whether it's in Dubai or Ireland, Dallas or Buenos Aires. Global parasitism, bleeding off the wealth of nations.

[americandream]

or you embark on a crash program in taking back America Democrat style

AD...I would agree with you if I thought that was actually the intention.

I don't see that though. All I see is World Bank/IMF style threats and fear mongering used to break the US over the banker's knee. Just as they've done to so many other countries...Mexico, Jamaica, Brazil...et cetera...

Two of the most prominent economic positions in the Ooobs administration are held by people from the World Bank and the IMF.

The people running the show don't give a flying turd what happens to the US. They never did. They only care about chasing the money around the world...whether it's in Dubai or Ireland, Dallas or Buenos Aires. Global parasitism, bleeding off the wealth of nations.

What choices are there though?

Its either a choice between the Republicans, China's blushing bride when it comes to global trade (embarrassingly so) or the Democrats who have some elements in their package vaguely America centric.

[americandream]

In fact wasn't it some Wall Street doofus at Davos who had a go at Obama's beliggerant stance with the Chinese, shortly after Obama took office. WTF's wrong with these dudes! How come its OK to willingly sell your country for shit!

[seldom_seen]

What choices are there though?

I don't think we have much of a choice right now but to ride this Jumbo 747 in to the ground. The forward momentum is overwhelming and we don't have any qualified pilots. Hopefully we'll be able to emerge from the wreckage and start traveling on a mule instead.

[americandream]

What choices are there though?

I don't think we have much of a choice right now but to ride this Jumbo 747 in to the ground. The forward momentum is overwhelming and we don't have any qualified pilots. Hopefully we'll be able to emerge from the wreckage and start traveling on a mule instead.

Lets hope that we're not faced with the repeat fiasco of squandering our resources on Chinese mules.

[Sixstrings]

The Congressional Budget Office has determined that the stimulus plan will actually hurt the economy in the long run. Pretty frank and strong language for the CBO, I think.

CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing.

CBOs basic assumption is that, in the long run, each dollar of additional debt crowds out about a third of a dollars worth of private domestic capital, CBO said in its letter.

Link

It's refreshing to hear a governmental agency speaking the truth. The more debt the government takes on, the more investors will rush into treasuries, and the less they'll invest in the private market.

[americandream]

The Congressional Budget Office has determined that the stimulus plan will actually hurt the economy in the long run. Pretty frank and strong language for the CBO, I think.

CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing.

CBOs basic assumption is that, in the long run, each dollar of additional debt crowds out about a third of a dollars worth of private domestic capital, CBO said in its letter.

Link

It's refreshing to hear a governmental agency speaking the truth. The more debt the government takes on, the more investors will rush into treasuries, and the less they'll invest in the private market.

Is the CBO including China in its American GDP count? Are they measuring goods consumed as opposed to goods actually manufactured in the USA.

Whats the story here?

[Sixstrings]

Is the CBO including China in its American GDP count? Are they measuring goods consumed as opposed to goods actually manufactured in the USA.

Whats the story here?

Well, I'm no economist, but my understanding is the concern is over excessive t-bill buying -- as in, private money investing in government rather than private enterprise. So, you have a situation where the government is out there competing for investment capital.