Better Believe It
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Tue Feb-17-09 05:26 PM
Original message |
Moody's Chief Economist says Congress may be forced to undertake another stimulus plan |
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David Gergen: "This package will not be big enough. Look for more stimulus down the road" http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x8204861
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Hello_Kitty
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Tue Feb-17-09 05:27 PM
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The current one is too heavy on tax cuts. I'm sorry but tax cuts don't do unemployed people any good and they create a limited amount of demand.
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denverbill
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Tue Feb-17-09 05:35 PM
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3. Yes, because those of us still lucky enough to have jobs are worried for our jobs. |
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I doubt we will be spending ours. More likely paying off debt or stashing it for a rainy day.
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FiveGoodMen
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Tue Feb-17-09 05:34 PM
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2. Know anyone who's got a few trillion to lend us? |
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How about this:
We locate all of the motherfuckers who drove our economy into the ground, seize their assets -- every last cent; even the stuff hidden offshore -- and replenish the Treasury.
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Hello_Kitty
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Tue Feb-17-09 05:36 PM
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As for other countries loaning us trillions, I think they figure they better do it if they ever hope to get back what we've already borrowed.
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Tandalayo_Scheisskopf
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Tue Feb-17-09 05:41 PM
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Time to take a close look, I mean up close and personal, at Cayman Brac and all the other places the wastrels stash their loot.
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mother earth
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Tue Feb-17-09 05:45 PM
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6. Krugman's been saying this right along. |
notesdev
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Wed Feb-18-09 06:54 AM
Response to Reply #6 |
7. I've been saying all along |
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that as long as they can get away with taking money from the public treasury for private purposes, they will continue to do so until forced to stop. So far my prediction is 100% - everyone who has asked for free money and gotten it has come back with hands outstretched asking for more.
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CoffeeCat
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Wed Feb-18-09 09:15 AM
Response to Reply #7 |
8. Everyone except the American people... |
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It's appalling that so many people lost their homes, and no one rushed to help them or even cared. But when Fannie and Freddie--the companies that gave those bad loans--went under, the government rushed to inject money into their coffers.
Ya see, when the people screw up--they're reckless and irresponsible. When companies cause the problems and enable people to screw up---well, they get billions.
To add insult to injury--it was the politicians who relaxed banking regulations at the behest of the banks and financial institutions. The politicians did everything possible to make sure that the banks could make more money by selling bad loans.
The people get screwed and lose their homes. The companies who caused this are given money.
Lovely. Just lovely. :eyes:
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DU
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Fri May 10th 2024, 09:59 PM
Response to Original message |