Comments on: Obama: Stimulus Stopped Possibility of Second Depression

By: Karl the Depression Aid Guy

Karl the Depression Aid Guy — Mon, 30 Aug 2010 06:59:36 +0000

I agree with Quo Warrant. There’s no way to kn ow for sure if all the budget-busting moves enacted by both administrations prevented a second Great Depression.

By: progressive mama

progressive mama — Sat, 20 Feb 2010 17:36:34 +0000

I can see you get your material from DU.
—
You missed the target completely, gk.
In regards to the poll, I received a link via Twitter.
Thanks for playing “let me keep whining about the messenger.” Its been fun.

By: XXX

XXX — Sat, 20 Feb 2010 07:13:13 +0000

It’s funny how the libs are always searching for a way to pin things on GWB.
Posted by: Quo Warranto
‘searching for a way ‘?
not really, no need,
it’s all historical fact if anyone cares to look, unless you’re into the ‘righty’ revisionist crowd that likes to rewrite recent history. 8 long years of corruption and malfeasance, ineptitude, arrogance and treasonous acts against the people and constitution of the United States
what’s funny is how the current crop of rightwing/republican nihilists are always denying that anything went wrong during ‘Ws’ administration

By: Quo Warranto

Quo Warranto — Sat, 20 Feb 2010 05:10:57 +0000

thank you GW Bush…
Posted by: XXX | Feb 19, 2010 11:55:12 PM
——————–
It’s funny how the libs are always searching for a way to pin things on GWB.
It doesn’t matter…
There is plenty of blame to go around…
It doesn’t matter…
The coming tidal wave of debt will engulf us all…

By: gk

gk — Sat, 20 Feb 2010 05:08:24 +0000

progressive mama wrote: “Are you from a Texas? I read a very funny poll.”
.
I can see you get your material from DU. But you don’t see the real deal here on the ground. You’ve got time to play on the democrat underground while Texas is busy supporting the rest of the country (yourself included). Those of us who are too busy trying to keep things afloat don’t have time to spend countless hours reading the drivel on DU. We know that those of us who produce will have a good portion of our hard work taken away to support those who have no concept of what it takes. They only know what they have been taught in Government schools. So if they think man and dinosaurs roamed the earth together, then that is a bigger indictment of the quality of government education these days than anything.
.
So, enjoy the party while it lasts. In November comes restitution retribution. Your free ride comes to an end.

By: XXX

XXX — Sat, 20 Feb 2010 04:55:12 +0000

there’s a good chance we’ll default on our debt or experience hyperinflation which will devastate all but the wealthiest among us.
Posted by: Mary
thank you GW Bush…
re: expensive elite education
- there are colleges and universities that cost a great deal to attend, I know there are many catholic high schools and colleges that charge a pretty penny for admittance..
so, all catholic high schools and religious universities that are expensive are also elite ?

By: CenterOne

CenterOne — Fri, 19 Feb 2010 22:15:43 +0000

crisismaven | Feb 19, 2010 4:49:38 PM
Noriel Roubini, or “Doctor Doom”, the economist who predicted this Great Recession several years ago seems to believe the US economy isn’t quite as bleak as your crystal ball.
Today Roubini estimates that U.S. real GDP will grow 2.7% in 2010, against a potential growth rate of around 3%.

By: CrisisMaven

CrisisMaven — Fri, 19 Feb 2010 21:49:38 +0000

Of course a second depression is coming: Of Mortgage Brokers, ARMs, Attrition and Marathons. It will end in sovereign default, at last.

By: CenterOne

CenterOne — Fri, 19 Feb 2010 21:45:23 +0000

Mary | Feb 19, 2010 3:48:04 PM – Great to hear you believe in Education! Thankfully, not every student is destined to choose a career as a political “idiot”.
This Recession is already forcing people to re-evaluate spending habits. Credit card use continues to drop at an unprecedented rate. And the Recession hammered the U.S. deficit down from $695 Billion in 2008 to $380 Billion.
But cutting back on spending alone is not the solution to grow our economy and keep America a preeminent player in the fast moving global economy. The projected $100 Trillion addition to the GDP due to improved education seems like a solid investment for our nation’s future.
I agree with Hanushek and Woessmann’s assessment – there are serious reasons to invest US spending on Education. It’s worth a read – the PDF is online.

By: Mary

Mary — Fri, 19 Feb 2010 20:48:04 +0000

“So what are you saying – less education would be somehow better? Such a position is downright destructive.”
Is that what I said? No, it isn’t. My point is that you can have a very expensive elite education and still be an idiot and used our politicians as examples of that.
“Any other suggestions how our nation can whack down the deficit besides eliminating stupid politicians?”
Sure. How do households cut their debt? THEY STOP SPENDING and CUT THEIR LIFESTYLES. It’s not rocket science. It’s common sense. Even the SOCIALISTS in Greece are doing it now.
Our federal government only brings in about $2.1 trillion a year (it took $1.89 trillion to cover SS, Medicare, Medicaid, unemployment, welfare, and interest on the debt in 2009). But they spend $1.6 trillion more than that to run the rest of our bureaucracies. They should only be allowed to spend the tax receipts they collect. PERIOD. Their habit of not doing so is one of the major reasons why we’re in this mess today.
We’re quickly reaching the tipping point where we can’t grow our economy fast enough to pay the interest on our debt. Once that happens, there’s a good chance we’ll default on our debt or experience hyperinflation which will devastate all but the wealthiest among us.