What is the reason for our economic problems?

Some folks were suggesting that trade with the Chinese has had a negative impact and here we are.

I've only seen two valid reasons even presented and no, neither of them were yours.

 

I'm not interested in your childish ideological splurge. I am interested in economic validity and therefore it was my duty to show your deliberate misrepresentation for what it was

 

Of course it does.



But this is a blip compared to the Bankers and Welfare parasites.

 

Kind of an own goal then old chap.

 

More cretinous comment. The trade imbalance could only be used if a dollar devaluation led to economic turmoil. That hasn't happened

 

You've been found out so I've done my job wonderfully well.

 

More nonsense. More diversion from the thread title.

 

Again, I've simply destroyed your misrepresentation. To try and use the trade imbalance, given its really just about savings rates, really wasn't cunning!

 

Meaningless chart. But it does remind everyone that you think trade is zero sum, or else you wouldn't be trying to point out trade imbalances as a problem.

Welfare? You mean the elderly? They are after all the group that receives the most handouts.

Bankers... ok, but what about them?

 

What you are saying is wrong and also a diversion from the thread title.

 

No it is correct. You've used a chart inappropriately, feeding off of course the nonsense of economic nationalism. If you knew anything about the nature of the problem (i.e. re-arrange the national income accounting identity) you'd know that you're just actually referring (without knowing it of course) to a low savings rate. Given that, why on earth did you use it in this thread? Are you providing random information?

 

No I don't mean the elderly. All would agree they deserve welfare and are not the cause of the problem. I of course mean the indolent welfare queens and welfare kings. The types that ruined Detroit and California, and are a huge burden on taxpaying America.

I also refer to the predatory Wall Street banks and their crook buddies in the Fed that bail them out when the ponzi schemes collapse.

The latest was selling high risk mortgages to minorites, with charges of "racism", selling on those loans, then betting they would fail.

This is trillions and trillions of dollars.

 

Don't forget your opportunity costs. There is no value in conversing with racists

 

This is probably the number one problem in political debate. The mental short circuit that is the word "racist".

Go watch some TV.

Ironically it's "anti-racists" and pseudo anti-racists that are the cause of the economic problems.

There is no value in trusting anti-racists. They fail to accept reality.

 

Mythical beings you obsess over. The average "welfare" recipient is white and elderly, obviously since SS and medicare are the two largest entitlement programs.

They were in bed together and since the S&L crisis, the guarantee was all but explicit. Creditors had no reason to be prudent, it's not Wall Street or Bankers I blame, they were doing what they always have. The problem is there was no one there to check them, that's where the creditors should come in...

I try not to... and yea, you're right.

 

The elderly have done their bit and deserve their reward. The welfare-istas do nothing, have never done anything, and will do nothing, other than take space from productive citizens.

Wall Street and the Fed are guilty as hell and should be locked up. They should be checked by the government, but they bought out the media which influences democracy so their puppets get in.

Pretty neat.

 

Our government spends more that it get in tax revenue. I can't do that and neither should they. It is not a hard concept. If you go to the grocery store with $10 I can guarantee you that you won't leave with $15 in food. If just doesn't work that way.

 

You can compare personal economics to the state. Unless you've got a printing press and some control over interest rates.

 

the poor and disabled that receive that aid spend the money thus HELPING the local economy, republicans would rather give huge tax cuts to the rich... the rich do NOT create jobs when you give them money, they create jobs when the people have money

republicans idea to save the economy... take billions of dollars out of the economy... they so smart... NOT


.

 

Given the government's role at stabiliser of capitalism, you're actively seeking a government that allows economic crisis to go unchecked

 

I never complained about welfare to the disabled, so drop that.

Taxing the wealth producers and handing it out to the terminally useless does not help the economy. Why do people think this?

 

I wanted to vote, but the real reason wasn't offered.

Allocation of capital.

Most job creation which is real economic growth in terms that actually matters to people, is generated from new business's, and small business growth. These new business's have been choked off from their funding as the bankers can make more money betting on derivatives and swaps, and by more money, I mean a lot more money.

We have created incentive for bankers to not loan to small and new business, and are currently paying bankers a boat load of money to shift or increase risk!

 

Better a government that keeps it hands off during an economic crisis than one that makes things even worse by throwing around a bunch of money, getting deeper into debt, accumulating more compound interest that will sooner or later have to be paid back with taxes, taxes that will also have some disincentive effect on economic exchange.

 

You've made a false comparison. That might have been a relevant remark when we had the false debate between bastardised Keynesianism and monetarism. However, that's yonks ago (Thatcherism, for example, effectively destroyed monetarism). Today we have a simple result: capitalism is prone to crisis and government is an integral economic agents in ensuring the reproduction of capitalist profit.

 

Anders was correct that throwing around a bunch of money will make things worse, it is not a "false comparison".
The Fascist approach is necessary here. The bankers need to be locked up. Capitalism works up to the point where people deliberately screw others. That's where Fascism comes in.