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(Reuters)   New report indicates Obama's stimulus package could cost as much as $1 trillion, which is equal to roughly 5% of the entire US GDP. This should end well   (reuters.com) divider line 135
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771 clicks; posted to Politics » on 14 Dec 2008 at 9:08 AM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2008-12-14 08:11:18 AM
Take that trillion, give an equal portion to every citizen, and let's see what happens. Most would spend it paying off debt, some on big screen TV or other crap.

Others might send their kids to college. In the end, it makes more sense than funding those that got rich screwing with the system.

In the end, cash would flow and debt would be reduced and life would get prosperous.
 
2008-12-14 08:28:29 AM
Fear_and_Loathing: Take that trillion, give an equal portion to every citizen, and let's see what happens.

It wouldn't matter. Gov't stimulus is like taking a bucket of water out of one side of the lake and pouring it into the other side of the lake in hopes of raising the level.
 
2008-12-14 08:39:51 AM
That's, like, almost 2 million dollars. Maybe 3, even.

/Mercan math major
 
2008-12-14 08:44:24 AM
$1T isn't anywhere near enough. Hell, we're into it for that with TARP and AIG already.
 
2008-12-14 08:46:08 AM
I recall a NPR interview a month or two ago in which an economist spoke of the amount of money we were in the hole after WWII and how the money spent actually was the engine that really drove the economy.

/wish I could recall the guy's name
//sounded like we aren't in the total crapper yet
 
2008-12-14 08:51:57 AM
I'd rather have regular people getting the money than rich farks who promptly gave themselves bonuses for getting a trillion dollar bailout.
 
2008-12-14 08:57:26 AM
So to get us out of Bush's recession, Obama plans to spend 1/5 the amount of the money that Republicans borrowed to get us into the recession in the first place?

Where were all the concerned fiscal conservatives over the last 8 years while we gave borrowed Chinese money away to war profiteers?
 
2008-12-14 09:07:26 AM
Sleeping Monkey: Where were all the concerned fiscal conservatives over the last 8 years while we gave borrowed Chinese money away to war profiteers?

cheering for the precious team.
 
2008-12-14 09:09:09 AM
Sleeping Monkey: Where were all the concerned fiscal conservatives over the last 8 years while we gave borrowed Chinese money away to war profiteers?

Criticising war spending is un-American !
 
2008-12-14 09:13:05 AM
Only 1 Trillion? All of it going back into circulation in domestic markets? WOW, what a farking burden.
 
2008-12-14 09:13:23 AM
Fear_and_Loathing: Take that trillion, give an equal portion to every citizen, and let's see what happens. Most would spend it paying off debt, some on big screen TV or other crap.

Others might send their kids to college. In the end, it makes more sense than funding those that got rich screwing with the system.

In the end, cash would flow and debt would be reduced and life would get prosperous.


Sounds good. Extreme inflation couldn't possibly happen with this plan!
 
2008-12-14 09:16:01 AM
Sleeping Monkey: Where were all the concerned fiscal conservatives over the last 8 years while we gave borrowed Chinese money away to war profiteers?

Performing up-close visual inspections of their own upper colons
 
2008-12-14 09:17:36 AM
I read that NEWPORT, which is pretty funny cuz he's a black smoker and all black people smoke Newports.
 
2008-12-14 09:17:50 AM
Sleeping Monkey:
War is good for the economy! Besides, most of that money will trickle down to the working people. Also, you guys always want to blame those evil coorporations when everybody knows it's the welfare queens and social spending that ruined the economy.

Hah. Just kidding.
 
2008-12-14 09:18:01 AM
Fear_and_Loathing: Take that trillion, give an equal portion to every citizen, and let's see what happens. Most would spend it paying off debt, some on big screen TV or other crap.

Others might send their kids to college. In the end, it makes more sense than funding those that got rich screwing with the system.

In the end, cash would flow and debt would be reduced and life would get prosperous.


I, for one, would much rather have a few extra inflated dollars in my money market account than improved roads and schools.

High five.
 
2008-12-14 09:18:34 AM
Dem-o-rats don't care, its all about repaying Chairman Obama's election to Unions and supporters.

Throw the money away, same result

Change you can believe in
 
2008-12-14 09:18:42 AM
You jokers need to recall all of your troops and cut military spending in half. That's about the only way you'll be able to avoid some kind of debasement/bankruptcy Armageddon scenario.
 
2008-12-14 09:22:03 AM
Phil Moskowitz: You jokers need to recall all of your troops and cut military spending in half. That's about the only way you'll be able to avoid some kind of debasement/bankruptcy Armageddon scenario.

Well the terrorists would just love that. Better they keep ruining their economy. The terrorists would just love that. Wait..
 
2008-12-14 09:26:27 AM
Phil Moskowitz: You jokers need to recall all of your troops and cut military spending in half. That's about the only way you'll be able to avoid some kind of debasement/bankruptcy Armageddon scenario.

America is the new Ecuador
 
2008-12-14 09:31:20 AM
Heart of Farkness: Phil Moskowitz: You jokers need to recall all of your troops and cut military spending in half. That's about the only way you'll be able to avoid some kind of debasement/bankruptcy Armageddon scenario.

Well the terrorists would just love that. Better they keep ruining their economy. The terrorists would just love that. Wait..


You know who the terrorists are? Any asshole who can get 5 RPG's and a jeep. They adopt the moniker Al Qeada and scare you dumbasses into spending a few million dollars of investigative work, 10 million in military surveillance. Then a 50 million dollar operation to annihilate ted and biff al-mishrahee in some ass fark country no one cares about.

Bin Laden set forth a plan to bleed you dry and so he has. He wins. America has lost.
 
2008-12-14 09:31:26 AM
winterwhile Quote 2008-12-14 09:18:34 AM
Dem-o-rats don't care, its all about repaying Chairman Obama's election to Unions and supporters.

Throw the money away, same result

Change you can believe in

OK ! WINTERWHILE Has Just Gone FULL RETAD
 
2008-12-14 09:33:16 AM
I don't even think that was his plan. I just think he went "Wow! They really are that stupid and cowardly.. bonus!"
 
2008-12-14 09:33:54 AM
Sleeping Monkey: So to get us out of Bush's recession, Obama plans to spend 1/5 the amount of the money that Republicans borrowed to get us into the recession in the first place?

Where were all the concerned fiscal conservatives over the last 8 years while we gave borrowed Chinese money away to war profiteers?


I'm no fan of the Bush administration, but isn't congress as a whole responsible for whatever money goes where, including Iraq? There is tremendous waste and plenty of stupidity going on on both sides of the aisle.
 
2008-12-14 09:38:10 AM
I fear for the dollar, but it has nothing to do with Obama.
 
2008-12-14 09:39:24 AM
This is not money....it is debt. It is a second mortgage on the country. There really is no free lunch.

If the country feels the need to go to the credit card that is fine. But not without the country realizing that this is using the credit card and that they are gonna have to pay it back...one way or the other.

All of these bailouts are credit card cash advances.

But if we are gonna do bailouts, I'd rather we bailout regular folks.
 
2008-12-14 09:40:02 AM
DrD'isInfotainment: OK ! WINTERWHILE Has Just Gone FULL RETAD

That`s retaded
 
2008-12-14 09:44:23 AM
GaryPDX: flaEsq: $1T isn't anywhere near enough. Hell, we're into it for that with TARP and AIG already.

Yep..drop in the bucket.


Is today the day that you realize your entire world view is forfeit? I just want to be around when you realize you were raised by wolves and no fark all about anything. That day was likely 3 years ago in coming. But I want to see that day when YOU realize it.
 
2008-12-14 09:49:10 AM
Reagan/Bush1 raised our debt from about 30% of GDP to well over 60% of GDP.
Clinton lowered it.
Now Bush2 has raised our debt to over 70% of GDP, and increased the debt owed to foreign nationals from 31% in 2000 to 46% today. (that's about $9k per individual American owed to some other country)

A $1T investment in reversing 20 years of failed economics theory seems reasonable now, doesn't it.
 
2008-12-14 09:53:19 AM
arkansas: This is not money....it is debt. It is a second mortgage on the country. There really is no free lunch.

If the country feels the need to go to the credit card that is fine. But not without the country realizing that this is using the credit card and that they are gonna have to pay it back...one way or the other.

All of these bailouts are credit card cash advances.

But if we are gonna do bailouts, I'd rather we bailout regular folks.


You do understand that this money will be spent on infrastructure, right?

You know, new roads, fixing bridges and our crumbling telecommunications/Internet infrastructure.

This is more like taking out a second mortgage to fix your house and increasing it's value than the maxing out your credit care to throw a party for your friends in Iraq.

Perhaps you are unaware of the details.
 
2008-12-14 09:55:39 AM
winterwhile: Everyone should put me on ignore because I am dumber than a 5th grader.

True.
 
2008-12-14 09:56:51 AM
Fear_and_Loathing: Take that trillion, give an equal portion to every citizen, and let's see what happens. Most would spend it paying off debt, some on big screen TV or other crap.

Others might send their kids to college. In the end, it makes more sense than funding those that got rich screwing with the system.

In the end, cash would flow and debt would be reduced and life would get prosperous.


These are people that watch American Idol, for the love of God.

Not only would I not give money to Joe the Farking Plumber, I'd probably beat his ass and screw his wife.
 
2008-12-14 09:59:01 AM
Klingon Penis: Fear_and_Loathing: Take that trillion, give an equal portion to every citizen, and let's see what happens. Most would spend it paying off debt, some on big screen TV or other crap.

Others might send their kids to college. In the end, it makes more sense than funding those that got rich screwing with the system.

In the end, cash would flow and debt would be reduced and life would get prosperous.

These are people that watch American Idol, for the love of God.

Not only would I not give money to Joe the Farking Plumber, I'd probably beat his ass shake my fist from my armchair and screw his wife fap to a picture of his wife.


Let's keep it realistic, shall we?
 
2008-12-14 10:02:39 AM
winterwhile: Dem-o-rats don't care, its all about repaying Chairman Obama's election to Unions and supporters.

Throw the money away, same result

Change you can believe in


ksuoncampus.com
 
2008-12-14 10:07:00 AM
Phil Moskowitz: GaryPDX: flaEsq: $1T isn't anywhere near enough. Hell, we're into it for that with TARP and AIG already.

Yep..drop in the bucket.

Is today the day that you realize your entire world view is forfeit? I just want to be around when you realize you were raised by wolves and no fark all about anything. That day was likely 3 years ago in coming. But I want to see that day when YOU realize it.


Did you not see the news story from yesterday about 2 trillion dollars in loans given to magical invisible people? Who ares anymore? The numbers are becoming imaginary. Obama is spending with restraint compared to what we saw happen in the USA this week.
 
2008-12-14 10:14:26 AM
1T pumped into the infrastructure of a state is 1T well spent.

If you give this 1T to the citizens they'll buy a bunch of Made in China crap at Wal Mart, or pay down their debt.

1T put into roads, our crappy internet pipe etc: will prime the economy for growth for the next 30-50 years.

I never have been scared of capital debt costs. That's why I bought a house.

Where you may have issues is with cost controls. Make sure you do not get any Bridges to nowhere etc:

But in all, this is a needed plan. Driving through the USA can be hard on my car...some roads really really suck.
 
2008-12-14 10:16:40 AM
Dancin_In_Anson: Wow I would have NEVER expected somebody as... intelligent... as yourself to get their opinions from the Drudge Report! And certainly nobody would think you're so mindless as to post the headline photo from to try to convey your own thoughts.

www.xeye.org

Follow your line right off the cliff, just as long as you think you're right on the way down.
 
2008-12-14 10:17:09 AM
GaryPDX: flaEsq: $1T isn't anywhere near enough. Hell, we're into it for that with TARP and AIG already.

Yep..drop in the bucket.


I wish it weren't :(
 
2008-12-14 10:17:11 AM
Reuter's spinning an existing $2T theft to nothing in order to fear-monger about $1T that might actually show a product? Say it ain't so.

A professional spinner would talk about the noise and incovenience of all that new construction and how they missed all the potholes.
 
2008-12-14 10:19:17 AM
DeathByGeekSquad: Let's keep it realistic, shall we?

It's called hyperbole; look into it.
 
2008-12-14 10:19:20 AM
Dancin_In_Anson

Welcome to the level of Darconix and Phil_Herup. Your slide to the bottom is pretty much complete.
 
2008-12-14 10:19:59 AM
If you thought Bush farked everything up, wait until you see Obama with a full retard Pelosi congress.


/ I pray he is not this retarded
 
2008-12-14 10:21:34 AM
Phil Herup: If you thought Bush farked everything up, wait until you see Obama with a full retard Pelosi congress.


/ I pray he is not this retarded



Well let's just compare him to you. Looks like we're good.
 
2008-12-14 10:25:22 AM
Il Douchey: It wouldn't matter. Gov't stimulus is like taking a bucket of water out of one side of the lake and pouring it into the other side of the lake in hopes of raising the level.

that's a FANTASTIC analogy.
 
2008-12-14 10:26:53 AM
thalidomide new and improved: that's a FANTASTIC analogy.

It's more like taking fuel out of the tank and putting it into the carburetor-- in theory.
 
2008-12-14 10:28:41 AM
Obdicut: thalidomide new and improved: that's a FANTASTIC analogy.

It's more like taking fuel out of the tank and putting it into the carburetor-- in theory.


-10
 
2008-12-14 10:30:43 AM
Fear_and_Loathing: Take that trillion, give an equal portion to every citizen, and let's see what happens.

I know exactly what happens you moron. A trillion dollars of inflation overnight. Fark I hate the idiots who keep coming up with this "Give everyone $400,000 dollars!!! immediately" idea.

Really, does not one single farker understand how the money supply works?

Phil Herup: If you thought Bush farked everything up, wait until you see Obama with a full retard Pelosi congress.

And speaking off, it's farks resident small business tax expert. I think I might change your farky to "Mills' dick wart" in honor of your vast knowledge of markets and economics. And your inability to admit that you're completely wrong and not remotely qualified to comment on much of anything despite mountains of emperical evidence to that effect.

/super-asshole mode: activate
 
2008-12-14 10:34:47 AM
Phil Herup: If you thought Bush farked everything up, wait until you see Obama with a full retard Pelosi congress.


/ I pray he is not this retarded


It might make good sense to wait until Obama's programs are actually announced and implemented, not to mention followed up by a reasonable amount of time to succeed or fail. Then we might be able form an opinion, one way or another.

Unless you wish to state your predictions now to be recorded in the Farkives so we can repost it sometime in the future for laughs.
 
2008-12-14 10:37:27 AM
 
2008-12-14 10:39:05 AM
DrD'isInfotainment: winterwhile Quote 2008-12-14 09:18:34 AM
Dem-o-rats don't care, its all about repaying Chairman Obama's election to Unions and supporters.

Throw the money away, same result

Change you can believe in

OK ! WINTERWHILE Has Just Gone FULL RETAD


Just? Dude, he's been this way ever since I first saw him, and I'm sure he was doing this before that, too.
 
2008-12-14 10:40:18 AM
Obdicut: It's more like taking fuel out of the tank and putting it into the carburetor-- in theory.

This. It's not trying to raise the level of anything. It's trying to jump-start the process that causes cash to change hands, and eventually grow. So if you want to stick to the lake analogy, it's like making some of the lakewater evaporate in the hopes that when it rains down it'll connect a nearby river to the lake.
 
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