Zombie Rush the Stimulus Package...don't read it, just pass it!

If you are telling me that you think it was okay for the oil speculators to do what they did, henceforth causing partial economic collapse of this country, then I can't continue to argue w/you; it's a lost cause, specially because you're thinking the supply and demand principles were in affect, when clearly it was market fraud jacking up the prices.

 

Whenever I see quotes like this, I am always very curious as to which tax bracket they are coming from. It isn't surprising to see these silly comments when 10% of the population is going to have to pay for all of this spending in the future, while those directly receiving the payouts won't pay a dime of it.

 

I think the majority of investments on the list above look like a great help; and I'm glad to see programs here in our country are getting boosts; it makes me happy to see our infrastructure getting money over the god damned desert "War on Terror". lol


I'm not the one arguing against it; you should be explaining with your vast proven knowledge of economics, what in that package isn't going to stimulate the economy.

 

Markets go up and down. When prices go up, people consume less. When demand decreases and supply stays constant, prices go down. The market worked as it should.

Again, I'll ask where the "market fraud" was in terms of crude futures.

 

You make more, you get taxed more. Going back to Pre-George Bush tax cuts is fine by me.

I make roughly 70K a year. I'd say the same thing if I made 150, 200, 250. It's my principals and not my own self greed driving my posts.

 

Except companies were artificially inflating demand by fraud in the speculation market, capitalizing on 'shortage fears' and other such market affecting contributors, thus causing prices to rise when they really shouldn't have.

 

Speculators speculate. Risk premiums were inflated. The same happens in every commodity. So what? Are you now crying for those speculators who bought into those fears and have lost everything?

Again, you're taking China and India out of the calculation, when they were a huge driver in the price increase in crude. If you believe there was fraud, I'd like to see the basis for your conclusion.

 

Maxiep, you clearly don't understand. The market can only work correctly when the government regulates it, and dictates who can do what, and how much. The government knows better. I'm sure the government will step in to provide for those speculators that lost everything.

 

Read this: http://peakoildebunked.blogspot.com/2008/07/366-futures-prices-determine-physical.html
There was market manipulation going on whether it was legal or not. Regardless of Supply and Demand.

 

Come on, don't be such a drama-whore.

Your blowing up my position, in some passive aggressive way.

Look; certain things need to be regulated, and or fixed so that market manipulation and fraud can't exist.

That's my position. Same with the Health care.

Don't take my position to mean that Government must control everything, I just think that they need to do a better job at protecting it's citizens from greedy corporations, corporate fraud, market fraud and other such bullshit.

 

You realize that greed is the driver of the market / capitalism, right? Are you saying you want the government to decide exactly how much greed is acceptable?

 

Of course, but when that greed results in illegal actions; and causes country wide recession, something should be done right?

 

If something was done "illegally", they already broke the laws. You think more laws will reduce illegal activity?

 

Interesting read from a Harvard economics professor...

http://online.wsj.com/article/SB123258618204604599.html

 

Obama trying to turn up the "pressure" to rush his spending program on his special projects not actually related to stimulating the economy and fixing the problems inherent in the system. This isn't at all unexpected coming from him. Disgusting.

http://news.yahoo.com/s/ap/20090204/ap_on_bi_ge/congress_stimulus

 

There is nothing stopping the Democrats from passing this legislation. They have the votes needed to put it on Obama's desk from their own party members. If it's such a sure-fire fix, why not pass it and take all of the credit for it?

 

It's much worse than even I suspected. 500 million Americans are losing their job every day this bill isn't passed!

Pass it already!!!

<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/x8hMJVXt09E&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/x8hMJVXt09E&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>

 

I wonder if any of our lapdog, er watchdog media, immediately asked Pelosi why the Democrats in the Senate won't even bring the bill to a vote if "500 million Americans" are losing their jobs every day?

 

She's so used to talking in trillions that millions seems like a rounding error.