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Economic recovery package before Congress"would provide massive fiscal stimulus."
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<blockquote data-quote="wkmac" data-source="post: 481100" data-attributes="member: 2189"><p>I'd like to ask a question and I'm asking just out of a desire for my own understanding of what people are thinking.</p><p></p><p>In the fall of 2008', we learned or rather the gov't finally admitted the economy was not in the best of shape. As days went by, the problem became more dire to the point that the Bush adminstration told the Congress that if something wasn't done, a complete collaspe was a sure bet and that dire consequences would result. In a panic, Congress, even in the face of large scale public opposition, passed (in large bi-partisan numbers) what we now know as the TARP bill. TARP IMO was sold as an idea to but I think it's safe to say at this point, TARP was a failure if that was the intended case. I'm not buying that myself (the intended case part) but regardless, TARP was a bust.</p><p></p><p>In the meantime, the economy got worse and yeah it wasn't pretty but the clamour across the land from the beltway was something more has to be done. As a result, this past week we got the current that again is sold on the pretext that to do nothing would result in very dire consequences. It was almost like a remark of an earlier movie except the hope is the endiing will be much better and for obvious reason that even I can understand.<img src="/community/styles/default/xenforo/smilies/FeltTip/wink.png" class="smilie" loading="lazy" alt=":wink2:" title="Wink :wink2:" data-shortname=":wink2:" /></p><p></p><p>Now when the TARP deal was the plan of the day, I was very proud of a lot of folks here who for the most part had loyally followed the previous adminstration no matter what but on this stood up and just said "hell no!" And they were correct then and proven correct now IMO as the results clearly show. However, there were a couple of loyalist diehards who did defend the TARP plan and gov't action and this leads up to the current situation. For the most part, the people who opposed TARP here in this forum are now equally opposing the present plan and I'm damn proud of you. To borrow a phrase from a worthless entertainer, </p><p></p><p>But among the opposing voices to the earlier plan, a few are now championing the current Stimulus plan and of those few who championed TARP, they now have blended into the chorus of opposition. And it's to these folks who obviously have no problem with gov't intervention, as long as it's from a certain political persuasion, that I want to pose the following question.</p><p></p><p>Using the premise, that you do not oppose gov't intervention, my "what if" question is, what do we do next if the stimulus plan does not work? I'm not saying it will or won't just that I'd like to know from those who favor intervention and being it's very clear their interventionist belief is the preveiling belief in Washington now, what or where do we go next if this doesn't work? Do we take the next step and overtly nationalize industries across the board or in reality kill what little micro pieces of free market still exist in our economy even now? Or would we dare consider going in reverse and even so far as long lost forgotten monetary policies as a possible solution out of this mess? For example, a scaping of the fiat money central bank, a return to Art. 1 Sec. 8 Constitutional authority pertaining to money and an Art. 1 Sec 10 Constitutional type of monetary system?</p><p></p><p>Look I know President Obama's ink ain't even on the bill yet so who truly can say what will happen but I'd just like to know what you economic interventionist think we should do if the current course also fails. How bout it, care to toss out your ideas for us to consider so the rest of us great unwashed can plan our lives around the course of action from gov't that you, the great washed, have swayed your way in the corridors of power.</p><p></p><p>BTW: This question is to both republican and demoicrat economic interventionist and this means interventionism on any level. And what do I mean when I use the term, "Economic Interventionism"? This ain't bad and works as a basic premise.</p><p></p><p></p><p><a href="http://en.wikipedia.org/wiki/Economic_interventionism" target="_blank">http://en.wikipedia.org/wiki/Economic_interventionism</a></p><p></p><p></p><p></p><p>I look forward to reading your ideas and being enlightened by them!</p></blockquote><p></p>
[QUOTE="wkmac, post: 481100, member: 2189"] I'd like to ask a question and I'm asking just out of a desire for my own understanding of what people are thinking. In the fall of 2008', we learned or rather the gov't finally admitted the economy was not in the best of shape. As days went by, the problem became more dire to the point that the Bush adminstration told the Congress that if something wasn't done, a complete collaspe was a sure bet and that dire consequences would result. In a panic, Congress, even in the face of large scale public opposition, passed (in large bi-partisan numbers) what we now know as the TARP bill. TARP IMO was sold as an idea to but I think it's safe to say at this point, TARP was a failure if that was the intended case. I'm not buying that myself (the intended case part) but regardless, TARP was a bust. In the meantime, the economy got worse and yeah it wasn't pretty but the clamour across the land from the beltway was something more has to be done. As a result, this past week we got the current that again is sold on the pretext that to do nothing would result in very dire consequences. It was almost like a remark of an earlier movie except the hope is the endiing will be much better and for obvious reason that even I can understand.:wink2: Now when the TARP deal was the plan of the day, I was very proud of a lot of folks here who for the most part had loyally followed the previous adminstration no matter what but on this stood up and just said "hell no!" And they were correct then and proven correct now IMO as the results clearly show. However, there were a couple of loyalist diehards who did defend the TARP plan and gov't action and this leads up to the current situation. For the most part, the people who opposed TARP here in this forum are now equally opposing the present plan and I'm damn proud of you. To borrow a phrase from a worthless entertainer, But among the opposing voices to the earlier plan, a few are now championing the current Stimulus plan and of those few who championed TARP, they now have blended into the chorus of opposition. And it's to these folks who obviously have no problem with gov't intervention, as long as it's from a certain political persuasion, that I want to pose the following question. Using the premise, that you do not oppose gov't intervention, my "what if" question is, what do we do next if the stimulus plan does not work? I'm not saying it will or won't just that I'd like to know from those who favor intervention and being it's very clear their interventionist belief is the preveiling belief in Washington now, what or where do we go next if this doesn't work? Do we take the next step and overtly nationalize industries across the board or in reality kill what little micro pieces of free market still exist in our economy even now? Or would we dare consider going in reverse and even so far as long lost forgotten monetary policies as a possible solution out of this mess? For example, a scaping of the fiat money central bank, a return to Art. 1 Sec. 8 Constitutional authority pertaining to money and an Art. 1 Sec 10 Constitutional type of monetary system? Look I know President Obama's ink ain't even on the bill yet so who truly can say what will happen but I'd just like to know what you economic interventionist think we should do if the current course also fails. How bout it, care to toss out your ideas for us to consider so the rest of us great unwashed can plan our lives around the course of action from gov't that you, the great washed, have swayed your way in the corridors of power. BTW: This question is to both republican and demoicrat economic interventionist and this means interventionism on any level. And what do I mean when I use the term, "Economic Interventionism"? This ain't bad and works as a basic premise. [url]http://en.wikipedia.org/wiki/Economic_interventionism[/url] I look forward to reading your ideas and being enlightened by them! [/QUOTE]
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Economic recovery package before Congress"would provide massive fiscal stimulus."
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