Bailout-nomics Round Table discussion

[LegalSmash]

Glory be to red, and the awesome, cleansed politics arena.

Lets get down to business, bring your shovels, get the nose clips on and lets stir through some legislative shit... below please find a copy of the recovery act....



http://www.forbes.com/2008/10/01/sen...01senate2.html (bailout plan (TARP))

http://appropriations.house.gov/pdf/...ll01-15-09.pdf (Economic stimulus act)

Okay, lets really get on this issue:

What pros, cons do you see regarding the current "stimulus plan", what are the dangers you see regarding future losses of power, economic stability, and inflation issues?

[Red Tampon]

Off the top of my head, my major concern is the devaluation of the dollar/inflation which in the immediate future will lead to higher oil prices for us.

Actually, it already is causing oil prices to go up because of the weakening dollar.

The more we "stimulate" the economy through keynsian spending and printing of money, the more it will cost us through other means not as obvious to the lay person.

Oil prices being the first one we'll be hit by, and are already getting hit by, followed by any other product that we import, we'll have to pay through the nose with the pathetic US dollar.

[Frostbyte]

Not being able to pay it back, which from what I understand we cant do anyway.

[Red Tampon]

We'll just pay it back with more loans from our loan shark, I mean China.

Paying off debt with debt, it's the American way.

[Frostbyte]

Fuck that, we can use Jigglebell's paypal account.

[Dracula]

To be quite honest about the whole Stimulus and "recession" where i live we really arnt feeling it. Most of my town is hard Left or hard Right. All the restraunts are still busy no major things have gone out of buisness and a couple new buisnesses have sprung up.


No for the stimulus and TARP....
Im hoping it dosent take another "infusion of money to help the economy" for the general public to notice and say "FUCK NO LET THEM FAIL". Also the growing debt is worrysome but I have a feeling it wont REALLY hurt us too bad. Finally the only plus I can see is that after this administrations time is up the nation will hopefully stay away from people like Obama for a while.

[Red Tampon]

People at my company have been let go, but overall I still see people going out to eat, people buying new Acuras etc etc. The only thing I don't see people buying as much of are houses, but then again, housing prices are so overvalued, even to this day.

Sure, we've had some layoffs, but that's more a result of the stock dropping, and I don't see how these "stimulus" bills will get them their jobs back, or help students pay for student loans, or create jobs that will employ EDUCATED persons that finished college.

[imkrazie]

On the topic of feeling the recession, my county has been hit fairly hard in terms of our budget. My city's school system is a million dollars short for next year's budget, my city's construction projects are being stalled due to budget constraints, commercial construction for utility companies is doing alright but residential has been hit hard (but it's been like that for a year or two.)

On the bailout...I see it causing pretty substantial inflation along with an increasing national debt (this bailout causing 9 trillion dollars+) and with the weaken dollar it should be interesting to see what the United States to keep afloat...some of the more extreme stuff I've heard is pretty scary.

[LegalSmash]

People at my company have been let go, but overall I still see people going out to eat, people buying new Acuras etc etc. The only thing I don't see people buying as much of are houses, but then again, housing prices are so overvalued, even to this day.

Sure, we've had some layoffs, but that's more a result of the stock dropping, and I don't see how these "stimulus" bills will get them their jobs back, or help students pay for student loans, or create jobs that will employ EDUCATED persons that finished college.

Basically, people want to lose their debt that they amassed being stupid, I hear no mention of my or any other student's loans being forgiven for federal work, or good behavior like thrift, savings, or education spending being rewarded, rather its just a big sign of "GO SPEND MOAR NAO", or "spend baby spend, except instead of a hot milf saying it, its a skinny black guy and his retard speaker of the house.

PS since when the fuck did the speaker of the house get her own logo? What is this "office of the speaker of the house" shit.

Why don't I just call myself "Office of the post graduate law student"

[PotshotPolka]

I would say the biggest issue will come when the overwhelming amount of debt, and unwillingness of Americans and investors abroad to purchase their treasury notes reaches the point where the government reaches of the point of not being able to fund its programs, or pay the interest of the debt.

In short, were near the point of no return, where the debt will soon overtake the GDP.