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2011-08-14 Economy

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Posted by Bobby 2011-08-14 13:43|| || Front Page|| [11124 views ] Top

#1 Most important, by channeling public money to help individual families, rather than Wall Street, this initiative could alter the political dynamics that currently doom any government efforts to jump-start the economy.

Okay...so where the hell was the WaPo editorial board when the Dems were cutting infrastructure spending out of the original stimulus package in favor of creating slush funds for traditional Dem constituencies - the NEA, the SEIU and the Poor Downtrodden Minorities® ?

Posted by Ricky bin Ricardo (Abu BabalooI 2011-08-14 14:25|| 2011-08-14 14:25|| Front Page Top

#2 there is a very real danger that politicians will ... push for policies that would only make things worse.
This describes the current situation, what Obama & the Dems are doing will only make things worse. What the GOP wants will ALSO MAKE THINGS WORSE. However, that is not the only result of GOP policies, which will allow for things to get better once the price is paid for past economic and financial stupidity.
The price must be paid. There is no conceivable political policy that WILL NOT MAKE THINGS WORSE.

Posted by Anguper Hupomosing9418 2011-08-14 15:17|| 2011-08-14 15:17|| Front Page Top

#3 Instead of channeling money extorted from workers to reward feckless reproduction, why not help the economy by giving workers a pay rise by cutting taxes?

Posted by Bright Pebbles 2011-08-14 15:18|| 2011-08-14 15:18|| Front Page Top

#4 The stock market is racist.

Posted by newc 2011-08-14 15:50|| 2011-08-14 15:50|| Front Page Top

#5 What is the Stock Market Telling Us?

Prepare for the Barackalypse (or Baracknarok)!

Posted by CincinnatusChili 2011-08-14 16:45|| 2011-08-14 16:45|| Front Page Top

#6 The market is saying sit tight and don't get your undies in a wad. Pay your mortgage once a month and enjoy your house, go to work and save a few bucks, don't buy a car-of-stupidity, your children don't need data plans, likely neither do you, your CRT television is just fine. The market is saying get a life outside of crap.

Posted by S 2011-08-14 18:12|| 2011-08-14 18:12|| Front Page Top

#7 The market is saying get a life outside of crap.

Which is rather at odds with the objective of re-igniting the consumer as the engine of the economy...

Posted by Pappy 2011-08-14 19:07|| 2011-08-14 19:07|| Front Page Top

#8 S: You have hit on this situation. As has been pointed out elsewhere, severe inflation and even hyperinflation often first begin with a loss of investment confidence. That is, everybody hoards cash, because risk is too great for about anything else.

As a response to this, governments then start pushing more and more cash into the market, to increase liquidity, and fend off deflation, which happens when nobody buys.

And then a panic happens. In truth, the market has become over-liquid, and when whatever crisis happens, suddenly there is a buying binge, starting with commodities. Too much money after too few goods.

Then strong and fast inflation sets in, unless speculators quickly buy up big parts of the commodities pipeline, that is physical possession of commodities that were intended for retail. This causes real hyperinflation.

That is, too much money at the same time of artificial shortages equals hyperinflation.

And invariably, government redoubles its liquidity efforts, pumping still more money into the system already overfull with money.

Posted by Anonymoose 2011-08-14 19:39|| 2011-08-14 19:39|| Front Page Top

#9 Meanwhile back at the farm "The Federal Deposit Insurance Corporation (FDIC), which insures deposits of around 8,000 American banks, said three entities -- The First National Bank of Olathe, Bank of Whitman and Bank of Shorewood -- were closed down in August". That's 277 million FDIC gotta cover for those three alone. Yes I checked.

Posted by Dale 2011-08-14 21:07|| 2011-08-14 21:07|| Front Page Top

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