Obama has done a terrible job so far.

[Jerome Scuggs]

What should we do? What will stop the economy from goin' down, down down?

what i don't think people get is that the economy needs restructuring because of the large amount of mal-investments.

obama is furthering these malinvestments - putting money into new, unsustainable projects. this won't do anything to restructure the status quo economy. it will put money in some dude's hand so he can build a bridge or whatever, but if that bridge wasn't actually needed - then it's just another malinvestment. (malinvestments happen in the market as well, but they are never the huge, broad-scope projects of the governmental type. my mother's short-lived clothing company would be a free market malinvestment.)

in other words - because of extensive government intervention and malinvestment, a recession/depression/whatev is now necessary to clear the 'glut' from the market. you can't even begin to tackle whatever perceived problems there are unless this hapens.

[disorder]

I said this in another thread but I will say it again.

Round up everyone that is receiving money from the government that can actually work (not including crippled people) and put them all on a huge farm and force them to farm every day for the money they receive on welfare, have cheap apartments for them, and cheap food.

Some of them will be farming the crops, the other ones will be building cheap arts and crafts. We stop buying useless crap from China and sell all American made stuff again. And eating American grown fruits and vegetables. This will drop unemployment down to nothing, and keep money in America.

Then we start drilling and open up oil refineries off of the east/west coasts and that will produce more skilled jobs.

So now that unemployment is done for, there will be no hunger in America because we will drastically increase our food producing capabilities, and we won't have to buy cheap trinkets from China anymore so our money will stay in our country, that will mean the economy is fixed and unemployment is fixed.

Eventually the people living on the farm will hate their jobs so much they can go to one of the schools built in the area and get a degree in engineering and become an oil pipeline builders or oilwell driller, or even help create oil and become productive members of society. And since they will be automatically enrolled in a 10% 401k plan and have government provided healthcare and dental care that will mean far less Americans who don't have health problems.

Ok now that that is solved we look into other ways of saving money, we keep a list of all non US citizens that go to hospitals without insurance and send their medical bills to their country, and if they refuse to pay us back for treating their citizens then we stop buying their products and selling food to them since we will be the worlds largest provider of food that will actually be a real threat.

After a while when we have stopped being friendly with all of the other terrible nations on the earth and adopting their ideals, we close our borders down a bit more and stop letting illegal aliens come into our nation and work our jobs for us, not that there will be any because people on welfare will be doing all the jobs the illegals used to do, and there will be less American dollars leaving the country to other countries, of course besides tourist locations and attractions.

Ok then we let all the terrible businesses just shut down and suffer the consequences of it, Im sorry if GM is fucking stupid but we don't give them any more money to be stupid with, we just let them fail and deal with the repercussions of a few more years of a bad stock market, and then after we ship off all the people who lost their jobs to the fields to work so they don't just sit on their asses and whine about it, they will realize it sucks and create ideas to build a better business from the ashes of the business that collapsed.

After that happens for a decade or so, all of the terrible businesses have failed and smarter, better businesses are around that everyone is happy with, that won't give out loans to poor people who can't afford houses, and won't go bankrupt and expect to be bailed out so they can go on nice vacations.

Then we get rid of our entire senate and congress, most of them are useless fucks who have been sitting there too long and have been corrupted by special interest groups or bought into the lies of Al Gore, because honestly anyone who can listen to that annoying cunt Pelosi speak for more than 5 minutes doesn't have a soul anyways. So we execute Al Gore and burn his remains then white in the history book about how Al Gore preached about global warming while having five houses that each use more electricity each month than most middle class suburbs use in a year, and point out that now isn't the time to be dealing with stupid fucking environmentally friendly shit when the economy is collapsing around us.

That should fix it sorta.

WALL OF TEXT!!! LONGER THAN 5 PARAGRAPHS. PH PLEASE WARN THIS FELLOW TO POST IN MY 'ITT USECRAP THREAD'

[Ilya]

[Jerome Scuggs]

and by the way, bernanke has conceded that what he is doing is flooding the market with cash - and he says he will 'soak up' the money later in order to prevent massive hyperinflation. anyone care to tell me how bernanke will deflate? because he can't, not with the tools that he has.

[Izor]

Didn't read that.

Trolls aside, what should we do? Jerome???

Well, what we should have done was to just allow everything to fail and rebuild. Everyone said from day one the bailouts werent working. Companies with bad business practices dont need to get money to prolong the inevitable. Some idiot had tried arguing that with me that it was cheaper to prolong their life than pay them unemployment which is laughable. Now we've made up billions of dollars from nothing that cant do anything but come back to bite us in the ass later in inflation and/or taxes. It didnt serve any particular purpose either, as businesses still went under. Now we're getting ready to throw more made-up money at a terrible healthcare system, when our healthcare system is working fine as-is. I wont get into the details of that here because thats a whole different thread, but its more money we simply dont have. This type of fiscal irresponsibility is what got california in so much trouble. Am I going to be getting an IOU on my tax return next year? Or will we just make up the money to cover it when the time comes, since we have that power now.

[Summa]

what i don't think people get is that the economy needs restructuring because of the large amount of mal-investments.

obama is furthering these malinvestments - putting money into new, unsustainable projects. this won't do anything to restructure the status quo economy. it will put money in some dude's hand so he can build a bridge or whatever, but if that bridge wasn't actually needed - then it's just another malinvestment. (malinvestments happen in the market as well, but they are never the huge, broad-scope projects of the governmental type. my mother's short-lived clothing company would be a free market malinvestment.)

in other words - because of extensive government intervention and malinvestment, a recession/depression/whatev is now necessary to clear the 'glut' from the market. you can't even begin to tackle whatever perceived problems there are unless this hapens.

again....what not to do...doesn't really answer the question of what to do? but judging by past posts from you, I would assume your answer is "do nothing and let the market correct itself". what I have learned about that sentiment from some economics books and classes is that when the market is allowed to correct itself freely i.e. the 1920s-1960sish it has large periods of booming economic prosperity and large periods of drastic economic depression. aka the boom/bust cycle has an increased severity and disparity. but as government involvement in the economy has increased over time, the severity of the boom/bust cycles have dropped significantly (this current depression being the anomaly). the wave has narrowed into what is almost a steady line (at least in comparison to what it used to be). so regulation may be a bad thing for people who enjoy extreme success followed by dismal failure, but for those who prefer constancy, regulation has been quite successful. hell the most successful economy in the world currently, China, (although that may be heavily due to the immense size of their workforce) runs a rather regulated economy. needless to say I am not a fan of the market correcting itself, but some of what this administration is doing does not seem well founded. I will not claim to have a clue what to do, unlike wark who is an expert in everything. I am sure Washington has people who have far more expertise in this department than me, albeit they may also be corrupt or catering to people they have no business catering to. We will likely recover soon enough. And btw, the economy isn't currently going "down, down, down" it is currently leveled out. Whether that is temporary or not remains to be seen.

[Ilya]

I am sure Washington has people who have far more expertise in this department than me

i don't know you, but regardless, you're giving Washington way too much credit here. there might(?) be some smart people writing and passing the bills, but they're not going to be enforcing and administering them. have you been to the DMV? the post office? an immigration or social security administration office? really, had any interaction with any federal government employee? i don't want those people having anything to do with my health care. yes, i said THOSE PEOPLE. they need to start up some recycling programs or go sit on that cool mexico-usa border wall. continuing to print money and spend out of their ass is ok too (as long as it's not on health care), my commodities stocks are goin through the roof.


i think obama is pretty fly for a white guy (chicks dig dudes with obama tshirts), but this is his 9/11

[Izor]

Did the govt fix the adjustable rate mortgages? or are those going to go up in the near future and force foreclosures? Theres a lot thats still incredibly fucked up for us to have 'leveled out'

[Ilya]

Did the govt fix the adjustable rate mortgages?

no

[gran guerrero]

I'd say he improved his overall game

[kthx]

This proves that Obama is more white than black, a white man is out jumping him.

[gran guerrero]

BUT LOOK AT HIS REBOUNDtt

[Cops]

ron paul

Oh man, he was fucking hilarious in Bruno

[Scoop]

It really hasn't been all Obama doing a bad job. I mean, he is pretty incompetent but it is never a good thing when one party controls the house and senate. He is way more left than a lot of people who voted for him first though though i think (I voted for Mccain). I think that he may end up being somewhat successful if the republicans can win some seats in the next elections so he will be forced to cater to them more. I was reading an article that said that is part of why Bill Clinton is viewed as a successful president.


However, the health care bill is complete bullshit. I'm confident it wont get passed but if it does... we are fucked. I'm glad to see that the American people aren't completely stupid. His numbers are going down as they should. He truly wasn't qualified enough to be president. He only won because of the media.


/end adderall rant.


Edit: I think he is a good guy overall. I wouldn't mind drinking a beer with the dude, I just don't think he is an able president. Great pr man though.

[Kolar]

His ideas on health care are short on specifics and if he leaves it up to Congress to work out the fine details it will be full of inefficiencies and short on cost reduction from the Republican side (just to fuck things up) and too little choice from the Democrats. Expanding existing systems to cover a larger percentage of the population who are uninsured would be a much better solution then anything else. Too many people are swayed by emotion on the health care issue when it really comes down to simple numbers.