Extra Tax Checks this year?
CHRISTMASTIME IN IRAQ
Joined: Apr 2003
Posts: 12,413
Likes: 0
From: Bay Area
a.) Ben Bernanke disagrees
b.) The only way the money would fully leave the country is if you went over to the other country and bought it there. If you buy a foreign made product in the US, you're still supporting the wholesalers/distributers who got the products to America, marketed them, and sold them.
Stimulating market spending via tax cuts and federal fund rate decreases has been proven to help in the short term, which is what they're working on, so I fail to see a problem.
Calling the economy a "cancer" is being very dramatic, especially considering the prime source of most of the problems was due to very correctable market variables (subprime lending, real estate inflation).
b.) The only way the money would fully leave the country is if you went over to the other country and bought it there. If you buy a foreign made product in the US, you're still supporting the wholesalers/distributers who got the products to America, marketed them, and sold them.
Stimulating market spending via tax cuts and federal fund rate decreases has been proven to help in the short term, which is what they're working on, so I fail to see a problem.
Calling the economy a "cancer" is being very dramatic, especially considering the prime source of most of the problems was due to very correctable market variables (subprime lending, real estate inflation).
2) Well, first we have to get the money cause we don't actually have it. Either we a) borrow it from other countries or b) print more of it, and both those ideas are bad in the long term. Politicians are attempting to stave off a recession now, but at the risk of larger problems in the future. I think we need a controlled natural market correction as opposed to a bandaid.
And there are many, many problems beyond the subprime. We need to explore regulations more intensely on industries that need to be stable (In some ways the national banking system is an oliogopoly, and those need to be controlled if possible), we need to explore alternative fuels to reduce production volitility due to rising fuel costs, we need to also find a way to control our import export ratio, and reduce potential economic problems for if/when the Yuan gets adjusted to it's appropriate market value, and that's just the surface of issues we need to address now.
Grifball Player
Joined: Aug 2004
Posts: 27,249
Likes: 0
From: Foundry
1) I know he disagrees, and he knows an awful lot about money. Doesn't stop me from thinking this is a terrible idea.
2) Well, first we have to get the money cause we don't actually have it. Either we a) borrow it from other countries or b) print more of it, and both those ideas are bad in the long term. Politicians are attempting to stave off a recession now, but at the risk of larger problems in the future. I think we need a controlled natural market correction as opposed to a bandaid.
And there are many, many problems beyond the subprime. We need to explore regulations more intensely on industries that need to be stable (In some ways the national banking system is an oliogopoly, and those need to be controlled if possible), we need to explore alternative fuels to reduce production volitility due to rising fuel costs, we need to also find a way to control our import export ratio, and reduce potential economic problems for if/when the Yuan gets adjusted to it's appropriate market value, and that's just the surface of issues we need to address now.
2) Well, first we have to get the money cause we don't actually have it. Either we a) borrow it from other countries or b) print more of it, and both those ideas are bad in the long term. Politicians are attempting to stave off a recession now, but at the risk of larger problems in the future. I think we need a controlled natural market correction as opposed to a bandaid.
And there are many, many problems beyond the subprime. We need to explore regulations more intensely on industries that need to be stable (In some ways the national banking system is an oliogopoly, and those need to be controlled if possible), we need to explore alternative fuels to reduce production volitility due to rising fuel costs, we need to also find a way to control our import export ratio, and reduce potential economic problems for if/when the Yuan gets adjusted to it's appropriate market value, and that's just the surface of issues we need to address now.
Stop hanging around The Otter Dave
Member
Joined: Feb 2006
Posts: 1,869
Likes: 0
From: OR
a.) Ben Bernanke disagrees
b.) The only way the money would fully leave the country is if you went over to the other country and bought it there. If you buy a foreign made product in the US, you're still supporting the wholesalers/distributers who got the products to America, marketed them, and sold them.
Stimulating market spending via tax cuts and federal fund rate decreases has been proven to help in the short term, which is what they're working on, so I fail to see a problem.
Calling the economy a "cancer" is being very dramatic, especially considering the prime source of most of the problems was due to very correctable market variables (subprime lending, real estate inflation).
b.) The only way the money would fully leave the country is if you went over to the other country and bought it there. If you buy a foreign made product in the US, you're still supporting the wholesalers/distributers who got the products to America, marketed them, and sold them.
Stimulating market spending via tax cuts and federal fund rate decreases has been proven to help in the short term, which is what they're working on, so I fail to see a problem.
Calling the economy a "cancer" is being very dramatic, especially considering the prime source of most of the problems was due to very correctable market variables (subprime lending, real estate inflation).
of the $600 only a percentage of that will be actually going toward helping our economy, depending on what the taxpayer actually uses it for etc.
ideally the government should be able to use all of the $600 much more wisely to achieve its desired results, and not let us fawk it up, but then we dont get "free" money and are not nearly as happy with our wonderful USofA
will i get a full $600 even though i was only employed for half of last year?
should i?
im pretty sure i get an earned income credit this year, we will see soon enough though
snitches get stitches
Joined: May 2002
Posts: 49,696
Likes: 1
From: Portland, OR
1) I know he disagrees, and he knows an awful lot about money. Doesn't stop me from thinking this is a terrible idea.
2) Well, first we have to get the money cause we don't actually have it. Either we a) borrow it from other countries or b) print more of it, and both those ideas are bad in the long term. Politicians are attempting to stave off a recession now, but at the risk of larger problems in the future. I think we need a controlled natural market correction as opposed to a bandaid.
And there are many, many problems beyond the subprime. We need to explore regulations more intensely on industries that need to be stable (In some ways the national banking system is an oliogopoly, and those need to be controlled if possible), we need to explore alternative fuels to reduce production volitility due to rising fuel costs, we need to also find a way to control our import export ratio, and reduce potential economic problems for if/when the Yuan gets adjusted to it's appropriate market value, and that's just the surface of issues we need to address now.
2) Well, first we have to get the money cause we don't actually have it. Either we a) borrow it from other countries or b) print more of it, and both those ideas are bad in the long term. Politicians are attempting to stave off a recession now, but at the risk of larger problems in the future. I think we need a controlled natural market correction as opposed to a bandaid.
And there are many, many problems beyond the subprime. We need to explore regulations more intensely on industries that need to be stable (In some ways the national banking system is an oliogopoly, and those need to be controlled if possible), we need to explore alternative fuels to reduce production volitility due to rising fuel costs, we need to also find a way to control our import export ratio, and reduce potential economic problems for if/when the Yuan gets adjusted to it's appropriate market value, and that's just the surface of issues we need to address now.
CHRISTMASTIME IN IRAQ
Joined: Apr 2003
Posts: 12,413
Likes: 0
From: Bay Area
not disagreeing with these points, but...
of the $600 only a percentage of that will be actually going toward helping our economy, depending on what the taxpayer actually uses it for etc.
ideally the government should be able to use all of the $600 much more wisely to achieve its desired results, and not let us fawk it up, but then we dont get "free" money and are not nearly as happy with our wonderful USofA
will i get a full $600 even though i was only employed for half of last year?
should i?
im pretty sure i get an earned income credit this year, we will see soon enough though
of the $600 only a percentage of that will be actually going toward helping our economy, depending on what the taxpayer actually uses it for etc.
ideally the government should be able to use all of the $600 much more wisely to achieve its desired results, and not let us fawk it up, but then we dont get "free" money and are not nearly as happy with our wonderful USofA
will i get a full $600 even though i was only employed for half of last year?
should i?
im pretty sure i get an earned income credit this year, we will see soon enough though
Free markets are notoriously great at correcting themselves. This wont be another 1929 by far. We need to let industry spend the next year rebuilding itself proper while we study what went on and see what we can do to prevent it from happening again in the future.
This sort of economic downturn is not the sign that the American economy is collapsing, but it could be if we panic about it and start throwing money we don't have at a problem that isn't being solved. Or at least it might be a sign that we no longer have an idea of how to economically conduct ourselves as a country... If we don't critically look at how we do business, things will get a fair bit worse in the next decade.
CHRISTMASTIME IN IRAQ
Joined: Apr 2003
Posts: 12,413
Likes: 0
From: Bay Area
The problem is that the money doesn't actually exist, so either they A) Make more, making all the money you have worth less, or B) Borrow it from somewhere else, making 600 cost $900 when it's all paid off.
I got worms.
Joined: Jul 2000
Posts: 32,238
Likes: 0
From: Utah
