WOW Skipper you are so fuckin delusional, I really haven't seen a Canadian so blind like you. Of course you don't like to answer the questions I asked you here or reply to anything that I have said. Only thing you love to do is to manipulate things to your liking so the end result of everything will be Bush administration is the evil and they only care for the banks and Obama is the next Jesus who's gonna save the middle class and other bullshit like that. The only reason why you live in your little world and the only reason why you act the way you do is because you have put all your faith into Obama, but sadly soon you'll find out that things won't be the way you now think they will be and you'll end up where pro-bush's are now, in hiding.

I don't see the point of arguing with your brainwashed ass anymore, but there are few things I like to mention knowing that I won't get your response.

1. Paulson proved that you can do anything with the TARP money. Now we have Obama who has half of the TARP money and he can do anything he thinks is the right thing to do with this money. So stop the BS that Obama is not responsible for how the second half of TARP is spent simply because TARP was a "Product of Bush"!!!

2. Nobody is saying that the U.S government should do nothing. There are many actions that government should take but if those actions are not involved spending the lefties call it doing nothing...

3. It's a myth that if Hoover & Roosevelt didn't spend so much money the depression would have been a lot longer say maybe 20 years? The depression was created because of what Hoover & Roosevelt did, otherwise it would have been a normal recession which could have taken up to 2-3 years. You are not hallucinating nor am I, I know what we were told in the school about this subject, but like I just said if we led the free market function there wouldn't have been a depression in the first place. Go figure

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Originally posted by dEsidEL I wonder if Tiesto will close...?

everyone knows Obama is a Jazzy Jeff man

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Last edited by Moral Hazard on Apr-26-2011 at 07:48

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Originally posted by Skipper I do not believe the depression was prolonged by government spending. It's the opposite. that's why it lasted so long. for this reason, there are no other serious recessions in US history to be able to conclude that doing nothing is the better option. No president has been willing to take that chance, to do nothing and hope that's the right move.

1. If the government did nothing in 2002 there would not be this huge problem right now.

2. Roosevelt came into power and said he was going to do nothing but interfered in the market and prolonged it. Look up all the programs he started.

3. Why are there recessions? The Fed creates all these bubbles and we look to them to get use out.

If there wasn't such interference in the market we would not see such huge fluctuations in economic and market cycles.

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Originally posted by spolitta 3. It's a myth that if Hoover & Roosevelt didn't spend so much money the depression would have been a lot longer say maybe 20 years? The depression was created because of what Hoover & Roosevelt did, otherwise it would have been a normal recession which could have taken up to 2-3 years. You are not hallucinating nor am I, I know what we were told in the school about this subject, but like I just said if we led the free market function there wouldn't have been a depression in the first place. Go figure

Exactly

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Originally posted by infinity HiGH It'll be a great Hollywood story for America's democracy that Obama won but in the end he'll be a politician with his hands tied up by various corporations and other powerful individuals. Anyone that truly thinks Obama will save the world is delusional.

I like how you've already set it up in your mind such that he can't possibly fail of his own volition. If he doesn't live up to the hype, it'll be the fault of the corporations and power brokers, and would obviously have nothing to do with him making promises he can't possibly keep, for example, or having near-zero experience with economic and social policy, or just making poor choices in office.

That is the difference between Democrats and Republicans in the U.S. - they are both biased and partisan, but when a Republican president fucks up, Republicans vote him out, whereas when a Democrat fucks up, Democrats pooh-pooh it or find a scapegoat.

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Originally posted by spolitta WOW Skipper you are so fuckin delusional, I really haven't seen a Canadian so blind like you. Of course you don't like to answer the questions I asked you here or reply to anything that I have said. Only thing you love to do is to manipulate things to your liking so the end result of everything will be Bush administration is the evil and they only care for the banks and Obama is the next Jesus who's gonna save the middle class and other bullshit like that. The only reason why you live in your little world and the only reason why you act the way you do is because you have put all your faith into Obama, but sadly soon you'll find out that things won't be the way you now think they will be and you'll end up where pro-bush's are now, in hiding. I don't see the point of arguing with your brainwashed ass anymore, but there are few things I like to mention knowing that I won't get your response.

Easy there. lets keep it a rational discussion.

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Originally posted by SniFFleS Yes "Do Nothing" is better than the government trying to reallocate funds that they don't have. In 2002 Bush told Greenspan to do whatever it took to get them out of a recession(so he could get re-elected) It worked but created a false housing boom because rates were way to low, now this recession is 10 times worse. The thing is because there was not a proper recession in 2002 we are now feeling the effects. A recession is a normal part of the economic cycle and it has to happen. The great depression lasted so long because of years of government intervention. The market can work itself out if given a chance, but when government gets in the way it only takes money away from successful business to failing business. Or print money and create inflation.

quite the opposite. the depression lasted long because the government did NOTHING. stopped spending when it should have,etc,etc...

where do you guys come up with this stuff?

the REASON the credit crisis and everything else is happening is because of a LACK OF GOVERNMENT REGULATION.

That's exactly why the Canadian banks and housing arent imploding the way the US is. because we stayed regulated...even when our banks were whining about how over regulated we are...its what saved us.

Regulation controls greed.

One of the proposed fixes for all that's going wrong stateside is MORE REGULATION.

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Originally posted by spolitta WOW Skipper you are so fuckin delusional, I really haven't seen a Canadian so blind like you. Of course you don't like to answer the questions I asked you here or reply to anything that I have said. Only thing you love to do is to manipulate things to your liking so the end result of everything will be Bush administration is the evil and they only care for the banks and Obama is the next Jesus who's gonna save the middle class and other bullshit like that. The only reason why you live in your little world and the only reason why you act the way you do is because you have put all your faith into Obama, but sadly soon you'll find out that things won't be the way you now think they will be and you'll end up where pro-bush's are now, in hiding. I don't see the point of arguing with your brainwashed ass anymore, but there are few things I like to mention knowing that I won't get your response.

If you want to talk about discouraging an actual discussion in here, I suggest you look no further than your own post.

We have a difference of opinion, and experts are in fact widely divided on the appropriate government response to economic recessions. Just because someone doesn't agree with you or interprets the evidence a different way doesn't mean they are delusional.

I don't believe that Obama is jesus. I simply believe that government intervention is necessary in the US economy. Obama happens to agree. If McCain were president elect and did the same thing, I would agree with him too. This isn't about my fanaticism over Barack Obama, it's my opinion about fiscal policy.

i like Obama.

i hate the recession.

i hope that the same thing that happened in Japan doesn't happen in the states. we can't have this go on for a decade.

What the US can learn from Japan?:

http://www.businessweek.com/magazin...16000324539.htm

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Originally posted by darcnight the REASON the credit crisis and everything else is happening is because of a LACK OF GOVERNMENT REGULATION. That's exactly why the Canadian banks and housing arent imploding the way the US is. because we stayed regulated...even when our banks were whining about how over regulated we are...its what saved us. Regulation controls greed. One of the proposed fixes for all that's going wrong stateside is MORE REGULATION.

Yes regulation could have stopped the credit crisis, but there would have been no sub prime mortgage problem in the first place if it wasn't for Greenspan having the rates low for so long and then raising them.

More regulation could have prevented it but regulation was not what caused it.

You could say more regulation for anything in that case. "If there was more regulation going into The Guvernment less people would do drugs"

Who would you blame? The drug dealers who sold drugs to people before? or The Guvernment security?

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Originally posted by darcnight quite the opposite. the depression lasted long because the government did NOTHING. stopped spending when it should have,etc,etc... where do you guys come up with this stuff?

The new deal came out in 1932 , the great depression lasted until 1939 and ended because of Hitler. The new deal pretty much just got the government involved in everything.

Roosevelt also increased tariffs, which is a horrible move. He pretty much tried to keep prices high when the depression was trying to bring prices back down to reasonable levels, he kept interfering and invoked price controls. That's why it lasted so long, the recession was the cure for the overinflated market/economy of before the crash.

It's actually similar to what we see now, if Obama wants to keep prices high and stop home prices from falling then this recession is going to last a long time.