Letter of Apology to my Grandkids

No it didn't. More than anything fair value accounting led to the recession. I am generally a proponent of FVA, but FAS 157 and a universal approach across all assets has heavily influenced this recession.

This has to be a joke. We cut taxes and the government grew, and it would have been better to not cut taxes and have the government grow more, with an unknown impact to the private sector. Are you honestly suggesting the government with more og our money is better than a government with less of our money? That, sir, is the heart of socialism... public ownership of private assets.

I am not guessing about what he will do in the future. I am worrying about what the clown just did. He cut taxes and increased spending, during a recession. If it was bad when Bush did it how is it better when Obama does it?

 

Remember the past when it suits you.

 

Please enlighten us lesser minds as to how this differs from the boondoggle current ly on the table?

 

What amazes me is how strong the average person on the street's opinions are on economic policy. I took a fair amount of economics at LSU and I have no idea what to think.

America's leading economic professors that are the most advanced thinkers in the world are at odds with each other because Their expertise is inseparable from their political agendas. Yet the average guy on the street that has absolutely no credentials and would be hard pressed to spell macro economics properly much less be able to define GDP or money supply has formed very strong, absolute, opinions on something none of us can possibly begin to understand.

I guess I know enough to realize how absolutely invalid my own opinion is!

So... do you really think that the Chimpanzees in the other thread really have a genetic similarity of 95% with humans? If so are our opinions on economics only 5% better than theirs? ....food for thought .


Does anyone know when the first 2010 rivals recruiting rankings come out? It's slow here at tigerforums. Gonna get me a Turbodog and contemplate the universe.

 

That is exactly what it is.

I agree, Bush both cut taxes and grew government, and it was irresponsible.

How is the government collecting too much money a good thing? It takes our dollars out of the economy. Paying down the debt is a great notion, but it is not necessary for a healthy economy. We should cut spending to pay down the debt, not overcollect taxes.

The people are opposed to this bill that our President just signed. I never said I hated the government. I just want it out of my affairs, and out of my pocket book.

How you surmise this is beyond me. Taxes are too high and government spending is too big.

I am saying cut taxes and stop wasteful spending. And I am still perplexed... Why is Bush cutting taxes and raising spending bad and Obama doing it good?

 

This "injection of cash" will increase the deficit to nearly 13 Trillion dollars when interest is included in. I still don't see where this is nothing more than massive government spending. There's a relatively minute amount of cash for infrastructure and public education, but the majority of it is political payback.

 

You mean like Obama is doing by the way of FDR by creating a new larger government, spending money like it grows on trees?

FDR made the great depression worse than it probably would've been if he had done less or maybe nothing.
WWII brought us out of the great depression.
Edit: Two wrongs don't make a right in my book.
I can't wait to watch you defend Obama and the democrats til the end.