Re: Obama's approach to problems like the economy and Iran

Thumper wrote:

On Tue, 03 Feb 2009 10:44:35 -0500, Alan Lichtenstein <arl@xxxxxxxxx>
wrote:


Chip wrote:

Werner wrote:


Josh, do you know of any suggestions the Republicans have made
to loosen the credit markets? Do they recognize this as a major
problem?

As far as I know, the majority believe the market will self correct
without spiraling out of control.


as a majority of Democrats believe government management/panning/
engineering will fix things. Politics has historically been the
problem, not the solution. Governing has become a way to get
privileges for some at the expense ?of others.
http://www.capitaldistrict-lp.org/what.shtml

Democrats appear to be now bailing out their favorite government
consumption programs with more borrowed money. So we find ourselves
bailing out ineffective institutions both private and public. That
seems to be a poor way to stimulate and fix things. Our children will
be footing the bill.

Do we really need more roads at this time? Or do we need less debt?


You guys on the right seldom even have the correct facts. It was de-regulation that allowed the greedheads (from oversold homeowner to real estate agent to mortgage broker to lenders to consolidators to credit swap insurers to bankers to lobbyists to politicians)that got us into this shit pile to begin with. And you want even LESS regulation.

They believe in trickle-down economics, which IMHO, is a kinder, gentler version of 'trust Big Brother.' Didn't work under Reagan, failed miserably under Bush and will never work in the future.


Speaking of borrowed money, it was the Bush admin that ran up the biggest deficit in history only topping the Reagan admin. Our children are already footing your tax cut only policy bills.

The right wingers don't like to talk about that.


The Stimulus bill is mostly to fix infrastructure and other already broken systems, not to build new roads.

Well Chip,, here they have a point. There's a lot of pork in the stimulus bill for things that will have minimal, if any effect on the economy, or on the things which need correcting. Not that money for education, health care, the arts, spending for energy research and such aren't worthwhile; they certainly are. But do we need to go into debt over those right now? Here, SOME Republicans may have a point.



Yes we do. If we don't the economy may strengthen temporarily but
will fail miserably because institutional problems have not been
fixed.

sorry, Thumper, but the things I mentioned will have VERY limited effects on the economy, as they do NOT address the sectors which contribute significantly.

Money for every one of the things you mentioned will be spent creating
or preserving jobs in those areas. We can't just pour money into the
construction trades and expect the stimulus to work it's way through
the economy any time soon. We need to spread the money more broadly
than that.

Construction and manufacturing have related effects on suppliers and other consumer areas that these things do not. consequently, we get little bang for the buck spending on those areas, and since we're going to have to go into debt to do it, the detriments far outweigh the benefits.


.

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