Discuss.
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- Are we in for a double-dip recession or just lackluster growth?
The U.S. unemployment rate dipped to 9.7%, but troubles in Europe seem worrisome to say the least. The U.S. mounting high deficits is not helping either...
American businesses and investors are scared right now. The populist rhetoric that Obama is using coupled with his threats of new regulation have everyone holding back instead of plunging into the upturn. Incidentally, FDR did the same thing and turned what would've been just a bad recession into a double dip recession and into The Depression.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
Let's not forget that you were in surplus and had been for 3 years, before Bush took office.
Or is that just populist rhetoric coming from the left?
Or is that just populist rhetoric coming from the left?
troubles such as?Harmor wrote:
The U.S. unemployment rate dipped to 9.7%, but troubles in Europe seem worrisome to say the least. The U.S. mounting high deficits is not helping either...
Small hourglass island
Always raining and foggy
Use an umbrella
Always raining and foggy
Use an umbrella
Cutting taxes while at war was absolutely retarded. You can't have your cake and eat it too. Reagan cut taxes while blowing military spending into the stratosphere. It was stupid then and it was even more stupid when Bush did it. Deficit spending is just stealing from the future to pay for today. Unless that money is invested in such a way that you get a return on that investment, i.e. infrastructure spending, it is plain theft from future generations of workers. Defense spending is essentially wasted money, you might as well take it and light it on fire because you do not get a single penny of return on it unless you plan on conquering countries and profiting from it, which let's face it, countries can no longer do.AussieReaper wrote:
Let's not forget that you were in surplus and had been for 3 years, before Bush took office.
Or is that just populist rhetoric coming from the left?
inb4blahblahblahiraqwarwasforoilprofit.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
FatherTed wrote:
troubles such as?Harmor wrote:
The U.S. unemployment rate dipped to 9.7%, but troubles in Europe seem worrisome to say the least. The U.S. mounting high deficits is not helping either...
http://www.irishtimes.com/newspaper/fin … 86857.htmlTURMOIL SWEPT through European markets as Portugal and Spain came under mounting pressure to resolve their fiscal problems, adding to acute anxiety over the crisis in the Greek public finances.
Amid rising concern about the risk of sovereign default, the euro fell to its lowest level against the dollar since May 2009, and the cost of insuring Greek, Portuguese and Spanish debt against default reached new highs.
Greece remains by far the most vulnerable of the 16 euro zone countries, but attention has turned to Portugal and Spain as their governments face big political challenges to calm their public finances.
EU leaders are likely to discuss the pressures on the currency when they gather for a special summit in Brussels next Thursday to develop a new economic plan for the union.
Their meeting comes against the backdrop of threats from the European Commission to impose budget measures on Greece if its austerity plan misfires.
Even though the European authorities insist there is no bailout plan for Greece, the fear remains that the country may require exceptional funding if it is unable to raise the €50 billion it needs to keep the state afloat.
Those?
I'd agree with that ^JohnG@lt wrote:
Cutting taxes while at war was absolutely retarded. You can't have your cake and eat it too. Reagan cut taxes while blowing military spending into the stratosphere. It was stupid then and it was even more stupid when Bush did it. Deficit spending is just stealing from the future to pay for today. Unless that money is invested in such a way that you get a return on that investment, i.e. infrastructure spending, it is plain theft from future generations of workers. Defense spending is essentially wasted money, you might as well take it and light it on fire because you do not get a single penny of return on it unless you plan on conquering countries and profiting from it, which let's face it, countries can no longer do.AussieReaper wrote:
Let's not forget that you were in surplus and had been for 3 years, before Bush took office.
Or is that just populist rhetoric coming from the left?
I wonder if other countries would need to spend more on their Defense budgets if the United States is basically protector of the world. I guess that's how Socialism is even possible.
Doubtful. Conventional armies seem to be going the way of the dinosaur around the world.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
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- Are we in for a double-dip recession or just lackluster growth?