OBAMA STIMULUS - THE END OF NEANDERTHAL ECONOMICS?

[barthel6]

Obama Stimulus = Neanderthal Economics

[pianista17mari]

"of course, that is if the individual doesn't use the money to pay off debt" (8:00). Translation: "that is, if most individuals are stupid and don't use the money to put their own house in order." Lol at the end! stimulus indeed?... lol

[TheRougeEyelash]

For instance, we got a tax break (Februray I believe. Check your pay stubs) but we can't be relied on to spend this, or an even bigger tax break, to get things moving, we Do have debts to pay off or just knwo theres a need to save, so a tax break is only a small part of a sulution.

Didn't you catch the part about venture capitalists, and inovations? Yes indeed, stimulus.

[davfritz]

The stimulus is like a runner who is worn out drinking coffee to energise himself to run a bit further. He will run further, but not for long. What he needs is calories - real energy, not caffine. Real energy in this case can only generate via natural freemarket forces, not government stimulus ei caffine

[nnossov]

hmmm... actually the analogy of economy stimulus is this: war spending is an adrenaline boost to the body that will crash sooner or later. while infrastructure spending are actual calories that will take time to work into the body...

[nnossov]

and more than that.. a natural free market forces to this economy akin letting a man that is dehydrated and starved fend for himself.

[solgoode1]

actually the stimulus is like a turd... the more you squeeze it out, the more it stinks.

[raigekimaru]

the stimulus is like lemonade. we need more, so we pour in more water, thus increasing the lemonade supply, but lowering the value of the lemonade. eventually, the lemonade is virtually nothing but pure water and not worth a dime to anyone. this is what will happen with our currency (like every single one of the 3800 fiat currencies before it), it will eventually go to its true value, a piece of paper. this will destroy our entire economic system as we know it. that's why I'm leaving ;D

[stme2008]

need new jobs as well keep factorys & chains running if we give to the small buisnesses what will they do with it buy tissues for there eyes when they need money again becuase the teddy bear store has tons of bears no one is buying them so why hire new person duh & I hate the example make over in dc how will that produce jobs well its new jobs i am sure contractors out of work would love to do duh! so package should create new jobs so we can buy those teddys. repubs lost for reason dumb

[LastReplaySC]

this video made me laugh so much and would keep me laughing , if it wouldn't be so sad at the same time!

Criminal Neanderthal Govts running the world, it's like watching blind dumbed down out of tough with reality men, showing how to crash an entire civilisation.

[DumbPatriot]

they are not dumb - its been done on purpose

wakey wakey

[garthggarth]

I am pretty sure that is why we aren't hearing about energy independence, and THIS IS IMPERATIVE FOR THE COMMON MAN TO UNDERSTAND: Of all the oil producers in the world, Russia and Venezuela have the greatest need for oil prices to be high. (as of 2007-8, Russia set thier budgetary needs at 95$/barrel, Venezuela around 75.)

Obama needs Russia's political weight in the India/Pakistan/Afghanistan fiasco. Plus, a violent move towards QUICK energy independence will result in market collapse.

[bvongrabe]

Actually, the way I lok at is this: the electrification of cars will not be an overnight thing, it will go over many many years because people will not discard their old cars momentarily. The problem with our dependence is demonstrated by Russia's instant stop to deliver gas to Europe, which brought many countries into problems. Only today, I hear, MAY they resume delivery. OPEC decided they would cut production which will result in higher gas prices. Think about it.

[garthggarth]

Agreed. I was referring to political perception. Russia's help is needed in Pakistan/Afghan/India for nucleur proliferation issues, which suck. The best way for the democrats to lose seats in 2 years is to have issues of 'loose nukes' (even rumors) combined with the fact that our ecomomy will be at the low point in about 18 months. BTW, why do your recession doughnuts have Sprinkles? Are you palling around with Cream-filled? When it comes to Pastries, itshould be Drill, baby, Drill!

heeh

[mcgrawtim123]

Good video, but I think Krugman and the Keynesians are wrong. Austrian economics, the Ludwig von Mises Inst. and their sound money and free market policies are right. Ron Paul, Peter Schiff, and Dick Armey were all on TV today against the Obama plan. Well, the stimulus package will get passed, so we'll see who's economic theory is right. I like your donut, though. All the best, tjm

[bvongrabe]

Respectfully, when millions and millions of people are out of work the government HAS an obligation to take actions and should not sit back and say "tough luck!" - remember that in this case the government CAUSED the national debt by commencing a fraudulent war, and caused our dependence on foreign oil by inaction, the latter resulting in a massive reduction of purchase power that went to hostile nations - other causes not to exclude.

[thomaserossi]

That's exactly what the government SHOULD say. No Republic has every survived entitlements. And no Socialist Government has ever had a sustainable birthrate.

[microwavefc]

This started before the war, you can trace today's problems back to the 90's federal reserve lowering interest rates too low. The Keynesian's are provably wrong, stimulus packages only cause unsustainable debt. Krugman is a fraud anyway.

[bvongrabe]

Right on! Innovation creates wealth! And I will be bleeping tomorrow on another Neanderthaler I listened to today, a Harvard professor no less! God, I love proving these guys wrong. This will be better than cable!

[hollywoodartchick]

Baron, your wit always gets me grinning. I love what you said about stimulating innovation - if there is an incentive, big new ideas could be implemented for the common good.

Under our current economic structure, paying off debt may be more "productive" to Wall Street (due to bundled debt bonds) than purchasing (which just sends $ to China, and has not done much to encourage hiring stateside, unfortunately.)

I found Obama's stimulus speech psychotic - "cut back" with "grow?" We'll see.

[thoughtchallenge]

The primary driver of this recession is monetary contraction, created by the housing crisis and stock valuations decline. Paper currency constitutes a relatively small portion of overall money supply. Perhaps, a simpler approach would be to allow bank failures and then give account holders newly printed paper currency for their FDIC insurance. Oh, well Bernanke and the Fed have the helicopters motors warmed up, I'll just catch a few of them Federal Reserve notes here and there.

[bvongrabe]

Don't forget the drain on purchasing power caused by the sky-rocketing oil prices - the fact that they are lower at the moment should not deceive us - they will go up come next year - indeed they are already on the rise

[thoughtchallenge]

Round 2 of the energy crunch is on the way. I can't help but feel that we are under attack by oil producers. Really wish that battery patent (NiMH?)...if someone could find a work around patent...

On a side note, this Russian/Ukraine gas conflict demonstrates the need globally for consumer energy independence.

[bvongrabe]

Absolutely right. I am not sure why Obama does not speak loudly about it, but then it may be strategy: don't scare the bleep out of big oil, so they don't start bribing Congress again! Bottom Line: WE MUST BECOME ENERGY INDEPENDENT!

[goosejuice288]

Great video.