The Current Crisis

In the Economy. Are we going to have to create our own Hoovervilles again because companies are refusing to print more money?

Originally posted by KakashiKun
In the Economy. Are we going to have to create our own Hoovervilles again because companies are refusing to print more money?

Companies don't print money, the government does.

...just got a lot worse.

http://money.cnn.com/2009/01/28/news/economy/house_vote_wednesday/index.htm?cnn=yes

House passes $819 billion stimulus bill

Originally posted by KidRock
...just got a lot worse.

http://money.cnn.com/2009/01/28/news/economy/house_vote_wednesday/index.htm?cnn=yes

House passes $819 billion stimulus bill

Full of evil evil tax cuts!

Originally posted by Symmetric Chaos
Full of evil evil tax cuts!

The tax cuts in the bill aren't evil fast enough for the Republicans; they're throwing a hissy.

Originally posted by Symmetric Chaos
Full of evil evil tax cuts!

How much good did the last stimulus package passed by Bush do?

But yeah, we can laugh at Obama crashing the country at an even faster pace..why not, who cares.

Originally posted by KidRock
How much good did the last stimulus package passed by Bush do?

But yeah, we can laugh at Obama crashing the country at an even faster pace..why not, who cares.

You know a month a go you were bending over to let the government shove pinecones up your ass. What changed man? You used to be cool ❌

Originally posted by KidRock
How much good did the last stimulus package passed by Bush do?

But yeah, we can laugh at Obama crashing the country at an even faster pace..why not, who cares.

Bush's "package" wasn't exactly in favor of most Americans if you get my drift.

Just out of curiosity, what's your idea to help put more jobs back out there?

I don't even agree with the bill, but I'm sure you have a brilliant plan I can't fathom since you are so opposed to it.

Originally posted by KidRock
...just got a lot worse.

http://money.cnn.com/2009/01/28/news/economy/house_vote_wednesday/index.htm?cnn=yes

House passes $819 billion stimulus bill

Also, I agree that Bush's 'package' gave the 'shaft' to most Americans.

[I can't really decide which smilie fits best here...]

tax cuts to the wealthy and a lack of corporate tax enforcement partially caused this crisis. They should do the opposite, direct any tax incentives towards the middle and lower classes and small businesses and tax the rich till their balls bleed, eisenhower style. And to make sure this doesn't happen again, reintroduce all of the protection reagan destroyed and make far reaching corporate crimes and election fraud capital crimes.

Originally posted by chithappens
Bush's "package" wasn't exactly in favor of most Americans if you get my drift.

Just out of curiosity, what's your idea to help put more jobs back out there?

I don't even agree with the bill, but I'm sure you have a brilliant plan I can't fathom since you are so opposed to it.

As much as i tend to disagree with George Galloway (Scottish politician) his idea was sound to help countries through the economic down turn.

Instead of using money to prop up the financial institutions (money which was actually supposed to increase lending and further fuel debt) why not solve unemployment problems by puting the money into huge infrastructure projects in order to future proof the country

completely revamp the internet infrastructure so that it is entirely the fastest possible fibre optic system.

rebuild highways so that they can handle the ever increasing amounts of traffic.

invest hugely in alternative energy so as both to create jobs in the development and building of these technologies as well as hitting vital emmissions targets

build or rebuild docklands areas to increase capacity for import and export

rebuild the railway network to allow faster trains to operate.

all these ideas would mean jobs being created as well as making the country more efficient and better prepared to be economically competitive in the future against rising countries like China and India

Not only would it have that affect but it would also mean training a lot more skilled workers instead of having unskilled service industry mcjobs.

The economic conditions will be like this for nearly an estimate of a year or so, it may also go down to lowest levels. Then it has to come up back to heights.

Originally posted by jaden101
As much as i tend to disagree with George Galloway (Scottish politician) his idea was sound to help countries through the economic down turn.

Instead of using money to prop up the financial institutions (money which was actually supposed to increase lending and further fuel debt) why not solve unemployment problems by puting the money into huge infrastructure projects in order to future proof the country

completely revamp the internet infrastructure so that it is entirely the fastest possible fibre optic system.

rebuild highways so that they can handle the ever increasing amounts of traffic.

invest hugely in alternative energy so as both to create jobs in the development and building of these technologies as well as hitting vital emmissions targets

build or rebuild docklands areas to increase capacity for import and export

rebuild the railway network to allow faster trains to operate.

all these ideas would mean jobs being created as well as making the country more efficient and better prepared to be economically competitive in the future against rising countries like China and India

Not only would it have that affect but it would also mean training a lot more skilled workers instead of having unskilled service industry mcjobs.

Obama has also emphasized similar plans in the next four years. I do agree with those.

Oh and it should always be kept in mind that the deficit is not "the economy" (as was mentioned just a moment ago). Even most of my peers in college get this very confused.

All this pumping money into big holes is silly, the world creates too much stuff, cars etc. Let em go bust.

Originally posted by KakashiKun
In the Economy. Are we going to have to create our own Hoovervilles again because companies are refusing to print more money?

Crisis? What crisis?

Originally posted by Red Nemesis
[I can't really decide which smilie fits best here...]

How 'bout this one?

tomcat

how bout beer 🍺 at that time beer wuz a type of luxury...from what I heard...no not that old wasnt there..lol..oh edit: I was talking about hooversville time

Originally posted by jaden101
As much as i tend to disagree with George Galloway (Scottish politician) his idea was sound to help countries through the economic down turn.

Instead of using money to prop up the financial institutions (money which was actually supposed to increase lending and further fuel debt) why not solve unemployment problems by puting the money into huge infrastructure projects in order to future proof the country

completely revamp the internet infrastructure so that it is entirely the fastest possible fibre optic system.

rebuild highways so that they can handle the ever increasing amounts of traffic.

invest hugely in alternative energy so as both to create jobs in the development and building of these technologies as well as hitting vital emmissions targets

build or rebuild docklands areas to increase capacity for import and export

rebuild the railway network to allow faster trains to operate.

all these ideas would mean jobs being created as well as making the country more efficient and better prepared to be economically competitive in the future against rising countries like China and India

Not only would it have that affect but it would also mean training a lot more skilled workers instead of having unskilled service industry mcjobs.

This is exactly what the Australian government has done/ is doing.

We so win. 😎

But what the American elites want is no middle class and most of the population earning $2.50 an hour and constantly sick and dying in order to reinstate a feudalistic system. How's doing any of that going to help them?

Originally posted by Darth Jello
But what the American elites want is no middle class and most of the population earning $2.50 an hour and constantly sick and dying in order to reinstate a feudalistic system. How's doing any of that going to help them?

Because you can't pay skilled worker 2.50 an hour...skills such as those needed to rebuild infrastructure and in manufacturing are required all over the world...other countries are bending over backwards to let in skilled migrants.

So what you'll end up with is a completely unskilled country that relies totally on imports because it doesn't have any skilled workers to manufacture stuff for export...meaning that the US will completely crumble and the alleged "elite" will have effectively destroyed their own country and their own wealth.