April 30, 2009: The Day in 100 Seconds

Day in 100 Seconds for April 30, 2009

Category:

News & Politics

Tags:

• day
• one
• hundred
• 100
• seconds
• chrysler
• bankruptcy
• obama
• biden
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• besser
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[newsboysrok]

Three letters came into my head, which were OMG.

[TiJayEve]

"I'm telling you what...he MEANT to say," lol.

Oh, Biden :)

[somecomputergeek]

The fact that you are using "libertarian" and "anarchist" as a pejoratives demonstrates that you are unwilling to understand your opponents position. You've already marginalized your own thought.

The Von Mises Institute is a center for the Austrian School of economics, and yes, it is based on liberty and free markets, as Ludwig Von Mises himself heavily influence the modern libertarian movement.

Friedrich Hayek is another economist in that school, and he happens to be a Nobel Laureate.

[tra12345iscool]

i actually looked up Von Mises Institute.. its a freaking libertarian academic organization! lol.. libertarians are closet anarchists imo

[The1stPoster]

lol, because the vice pres said he wouldn't, no one else will, and those that disagree with him wont either, just to be stubborn.

[somecomputergeek]

I understand Keynesian economics. I am more convinced of the Austrian school of economic theory, myself.

Many economists opposed the stimulus, including Max Keiser, Peter Schiff, and just about everybody at the Von Mises institute of economics, some of whom are Nobel-prize winning economists.

I suspect that the "economists" who are counseling Obama are international bankers with conflicts of interest, like our new Treasury Secretary Tim Geithner, president of the Federal Reserve in New York.

[tra12345iscool]

have you asked any economist yet? what they would do back when obama introduced the stimulus package. even on FOX news, Hannity said hes for a stimulus package but not for the trillion dollar one, he's for a billion dollars.

ill say it again

They spend few billion here, then in a couple of months spend a few more billion and so forth. they wanted to prevent a backslide like the one japan had after its markets crashed. in layman's terms, the plan is keep replacing the oil even if it still works

[somecomputergeek]

I believe the country could still go into a depression. In fact, it many people who predicted the housing crises and the bailouts claim that it is inevitable. We can borrow and spend forever. It just doesn't work that way.

[somecomputergeek]

If we did nothing, there would have been less money going into the fake, debt-based economy, popping the Bubble.

Many people would have lost their jobs. Some companies would have fallen, giving a larger market share to competing companies. Unemployment would have risen, lowering wages, and the surviving companies would have taken advantage of it, hiring people for less money, and fueling the next growth cycle.

By spending those $trillions, we delayed this, but when it hits, it'll be worse.

[tra12345iscool]

fine, but it was still needed. it sucks but what are you going to do?