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Skipper
Supreme tranceaddict

Registered: May 2002
Location:
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| quote: | Originally posted by feelgood
I'd argue that the solution to this recession is not more taxpayers money being infused to the situation, but a change in social consciousness. How do you do that? You don't. Decrease corporate taxes. Destabilize unions. Unfortunately there will be job losses, and companies will go bust, but its a natural deflationary process.
ie. bailing out banks, does not increase lending because people are far more conservative spenders than they were 2 years ago and are less likely to make purchases requiring big loans. Not to mention banks are less likely to give out loans.
Re: recessions are also shifts in consumer mindsets with the economy being a function of it. |
I think you're oversimplifying what is arguably the most complex recession in history, depression aside.
I agree that letting the economy function without intervention would be the most natural way for things to proceed, but the devastation that would affect multiple generations must be avoided. You can argue whether it's tax cuts or spending that's the best way to do it, but net net, the gov't has to cough up. There is simply no other way to free up credit markets, for one. (and the issue with credit markets is not that consumers don't want to borrow, it's businesses that need to borrow to grow)
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Jan-13-2009 03:27
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devnull
Supreme tranceaddict

Registered: Feb 2006
Location:
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| quote: | Originally posted by DigiNut
Oh sweet jesus. Organizations and employees are on opposite sides of the market equation; reduce the profits available to one and you inevitably reduce the wages available to the other. That's just how a market works. The other alternative - higher income taxes - always hurt the middle class the most.
How many failed attempts at socialism will it take before people understand that it is impossible to raise the average quality of life using taxpayer money? When have "average" people ever benefited from these policies?
I would love to see your evidence for this. Only Democrats seem to believe it.
*sigh*
Nobody is for war any more than they are for abortions. They simply accept it as an imperfect but necessary solution to specific (rare) problems, when the only alternatives are worse.
Wow. Just, wow. Canadians are flocking across the border in droves because they're unable to get timely medical treatment here, more and more people are clamoring every year for the ban on private care to be lifted in Canada, and your solution to stability in the middle east is to "improve" American health care to be more like Canada's. Have you been living under a rock since the 80s? |
whether it is possible or not to raise the quality of life of average people is possible or not....its is a noble goal to achieve, which can beneficial to most. Question is... what do you suggest to improve the quality of life for the majority of people ?
I work hard day in day out to help out myself.. and the majority. I make decent money, which a good part is used to help the less fortuned. My mom is on welfare and is on disability and i do my darn best to help out for what the gov isnt doing.
Ah, so it's okay to bitch about Bush in here, but not Obama. How wonderfully mature.
What is so great about bush to praise about and what has obama done so bad so far....i think hes been quite noble about his goals...which are reasonable!
I would love to see your evidence for this. Only Democrats seem to believe it.
Im not all for democrats, pple like Barney Frank should be kicked the fuck out of congress. On both sides of the alley, some should not be in there. In terms some financial reforms, I think republicans have a leg up lately, based on the fannie/freddie scandals.
Wow. Just, wow. Canadians are flocking across the border in droves because they're unable to get timely medical treatment here, more and more people are clamoring every year for the ban on private care to be lifted in Canada, and your solution to stability in the middle east is to "improve" American health care to be more like Canada's. Have you been living under a rock since the 80s?
Im nowhere saying the canadian health system is perfect. I mean waiting months and months for treatment is not acceptable. But it is still better than spending your life savings on to get basic treatment. A friend of mine had back problems in the last year. Yes, he had to be flown to Buffalo for surgery (not minor) but still. But it happened. In the US, ud be pooling resource across the family and taking loans u can affort to support such an operation.
Back to my mom, todays surgery cost nothing...and possible future surgeries will be free....this is quite nice when you look at the US where u'd have to spend thousands for a 1-2 hr surgery
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Do I exist?
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Jan-13-2009 03:34
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DigiNut
You kids get off my lawn!

Registered: Dec 2002
Location: Toronto, Self-proclaimed Centre of the Universe
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| quote: | Originally posted by UmmiE
LOL @ the Bush Supporter in the thread and there reasons for supporting Bush. |
Except I'm not a Bush supporter. Haven't been for a long time. There happen to be reams of legitimate criticisms against him - but you all somehow manage to focus on the totally braindead ones. We can never learn from our mistakes with that sort of superstition.
The USA is about 50% Republican. You don't seriously think that they voted Bush out because of Iraq, do you? Obama barely even mentioned that during his campaign, because he knew it was irrelevant.
| quote: | Originally posted by devnull
whether it is possible or not to raise the quality of life of average people is possible or not....its is a noble goal to achieve |
Ah, good old "end justifies the means" argument. That deserves an equally cliché response: A goal without a plan is a dream. What matters is not whether or not the goal is noble, but whether or not the goal can actually be achieved. Spending taxpayer money on unprofitable and unsustainable social programs is adding to the problem, not solving it.
| quote: | | what do you suggest to improve the quality of life for the majority of people ? |
Do what the constitution promises: protect civil liberties and private property rights. History has shown us time and again that with these basic elements in place, the quality of life will improve by itself. Too much interference, on the other hand, will slow the pace drastically.
| quote: | | I work hard day in day out to help out myself.. and the majority. I make decent money, which a good part is used to help the less fortuned. My mom is on welfare and is on disability and i do my darn best to help out for what the gov isnt doing. |
That is wonderful, I mean that sincerely, and I believe that everybody should do what they can to help friends and family in need (and perhaps, if the resources are available, strangers through charities and such).
However, in order for the market to function, people still need to have the ability to choose what to do with their money or other resources. Otherwise, the act of giving suddenly becomes a lot less noble, it becomes much harder to ensure that the money goes to those truly in need, and funds that could go toward the development of ideas and technology for improving the quality of life for all often end up getting shunted elsewhere.
Governments did not invent refrigeration, TV, cell phones, central heating, cars, prescription drugs, or computers, and yet these inventions are all essential for our quality of life today and would not have been possible without enormous amounts of capital.
| quote: | | What is so great about bush to praise about and what has obama done so bad so far....i think hes been quite noble about his goals...which are reasonable! |
Obama hasn't done anything so far, and Bush's goals were noble too - it was his means that were questionable, and so are Obama's, for different reasons of course. Everybody has noble goals, but in the real world, what matters is action, not aspiration. Behaviour, not motives.
| quote: | | In terms some financial reforms, I think republicans have a leg up lately, based on the fannie/freddie scandals. |
I ask again, how are Republicans responsible for this?
| quote: | | But it is still better than spending your life savings on to get basic treatment. |
First of all, that's more than a minor exaggeration. Nobody spends his life savings on "basic treatment", and nobody is refused emergency treatment based on financial status.
Second, and more important, which is better - spending your life savings on an operation, or not being able to get that operation before your condition becomes critical or even life-threatening? My cousin had a problem with her knee and was refused treatment at a Canadian hospital, but told to re-apply in 6 months' time, because by that time it would have gotten much worse and would be "serious" enough to get on the waiting list. You'll have to try a lot harder to convince me that any price tag justifies this.
Third and finally, you ignore that Canadians pay for this through taxes. The amount we pay is not quite as much as Americans have to pay for comprehensive medical insurance (which is in line with our inferior quality of care), but it is not that far off, and proportional to the quality of care it is roughly equivalent.
| quote: | | In the US, ud be pooling resource across the family and taking loans u can affort to support such an operation. |
Or you'd have insurance. Or go through the public system (yes, the USA does have one). And don't tell me that Americans can't afford medical insurance when they're paying mortgages and car insurance.
It's an issue of budgeting and priorities. Those who assume that they don't need insurance because they are in good health today (which is still the no. 1 reason for being uninsured) have nobody to blame but themselves when their health fails.
I would support one and only one type of additional government interference in the American health care system, and that is mandatory health insurance. Mandatory auto insurance is already common, so this isn't that much of a stretch. Not socialized, not heavily regulated, just mandatory, and if someone can prove that he has sufficient assets to pay for the most expensive operations then he/she would be able to opt out.
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My party schedule:
2009-02-21 - DJ Attention @ I'm So Popular
2009-06-18 - DJ Annoying @ People Need To Know Where I'll Be
2012-11-32 - DJ Insufferable ɸ Or At Least the Stalkers I Complain About
2048-06-66 - Spastic & Whocares ¶ Although I'm Actually Flattered
9999-45-81 - Tweaker Gimp ☼ I Probably Won't Even Go To This But I Have To Make Sure I Fill Up All The Available Space Here
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Jan-13-2009 04:17
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spolitta
Supreme tranceaddict

Registered: Jun 2004
Location:
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Jan-13-2009 04:32
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hardcore trancer
Mystic Mind

Registered: Jan 2002
Location: Toronto,Canada
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Jan-13-2009 04:42
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feelgood
im cool, i swear.

Registered: Dec 2007
Location: Guelph
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| quote: | Originally posted by Skipper
I think you're oversimplifying what is arguably the most complex recession in history, depression aside.
There is simply no other way to free up credit markets, for one. (and the issue with credit markets is not that consumers don't want to borrow, it's businesses that need to borrow to grow) |
Correct, businesses need capital/borrowing money to grow, however true profitability and true growth stem from investing personal capital, not credit. Infusing more government credit into an unstable economy which is built on credit (akin to house built on sand) is just going to prolong and exacerbate the problem and unfortunately, the amount of government sand is finite.
Providing businesses with more credit options does nothing to stimulate the economy. Providing more supply, does not provide more demand.
While you can argue that it would be foolhardy not to get some sort of government intervention, you have to put the figures into context. Think of what $800b of taxpayer money could do for a health care system, an education system, transportation system... etc.
So.. do you panic and drop all this money into a sinking ship, which despite your best efforts is irrepairable. Or do you put this money into something that is universally accepted as a worthwhile investment.
Again, Obama's bailout is identical in principle to Roosevelt's new deal which did nothing for improvement as unemployment, gdp and private investment figures show.
0.02$
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Jan-13-2009 05:19
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