How about not saying this war is lost when we are winning the war.

 

I don't think it the word was used with that definition. I think they mean lost as in lost cause. Or not longer in control.

 

Like the spending by this administration?

 

Precisely or like the spending of some of us on our quads. 8 )

 

Koopa....The communist comment was tongue and cheek for most of the folks that participate in this painful forum People get fired up. It's good stuff, good discussion.

About the closets...Interesting. Unfortunately consumer spending is a huge part of our economy these days and the Chinese make much of it.

Maybe it's good that the Chinese make so much stuff. It draws them into our culture and make them dependent on our purchases. We are the last people they want to go to war with from an economic standpoint. Can you imagine our young soldiers fighting a Billion Chinese? Maybe our trade deficit is a small price to pay for keeping out of WWIII with China. -Just thoughts.

 

I'd like to think it will return to the general fund from where it came. The end of spending has to be near.....so every dollar saved is a dollar earned. Who knows if they'll shut the valve off before the recovery money is all spent. Maybe it won't be so bad and we'll come out of this without quite the burden we're currently looking at. That's my hope anyway. Long shot I know.

What if the debt kept us from certain economic demise? What is that worth? I don't know......It's like wondering if you should mortgage your home to pay for medical bills that would have killed you otherwise. It certainly sucks, but you're alive.

We're all to blame. The politicans (all of them) and the public. Lessons learned in '09.

 

Koopa....This is the politics forum. It can get relatively ugly sometimes. You might want to read the special rules at the very top of the forum, posted by FireX. The gist is, what is said in here, stays in here.

I'll admit, I'm one of the worst rebel-rousers, but I enjoy the forum. Lots of pushing and I'm generally surrounded by a lot of folks.

 

True. But you don't want to be a dollar short when it comes to a depression stopper. I don't think it was blown out of proportion. Bush and Obama realized this was the real deal.


See above. It does suck though. Makes ya sick to your stomach looking at the number of zeros.


If it was for real, it would add up over the course of five years. Billion here, Billion there, pretty soon we're talking real money.

See above. Not worth the risk. It's all about risk. You base your decisions (hopefully) on the risk. It's how people base their daily decisions, from buying bread to homes.

 

Most people haven't the foggiest notion of the economic upheaval we were facing last fall. Greenspan himself stated he had access to the brightest minds in the world and nobody could figure out these collateralized debt obligations that later would be bringing pillars of the financial world to bankruptcy in a matter of days. That's why I'm SO glad that congress (finally) did what was necessary and ignored the public outrage by (finally) voting in the Paulson plan. Otherwise, the economy would have ground to a halt. That means, no banks, no credit, no debit, no paychecks, no job, no nothing. You'd have to wait in line for your savings from the FDIC because the banks wouldn't have been there. It could have gotten really ugly, really fast. And if you have no idea what a CDO or CDS is, you had no business advising congress on anything last fall. Suddenly everyone was an economist.

 

The thing not being said is that the money being returned was borrowed from the Chinese. It didn't come from the general fund,and a dollar saved is not a dollar earned when you owe $1.03 for every $1 that you save. I don't know how the economy is going to do as a result of the spending, I do know however that money borrowed has to be repaid. I think its great that the some of the banks are in a situation that they are able to repay the money, shows the beginnings of recovery. However, the only way that I know of for our government to repay the money with intrest back to China is to raise taxes. That will have the effect of then slowing the economy. So... in my opinion, it's just wait and see. Only time will give us the true and accurate answer the the question...(was the spending the right thing to do?) Just my opinion.