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"Stimulus Package"

Discussion in 'Off-Topic' started by zt2211, Feb 14, 2009.

  1. zt2211

    zt2211

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    The United States House of Representatives has passed the partisan Stimulus Bill that has just come out of the conference committee. The bill contains spending in excess of $787 billion in taxpayer dollars, designed to help the failing economy. Any comments or opinions?
     
  2. Gausslander

    Gausslander

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    I believe it will work. Mark my words, he'll see it through.
     
  3. Hakeem

    Hakeem

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    You know, I really don't see how the entire world can have an economic crisis.

    Imagine you and I are the only people on Earth. We both have the same amount of money. Two scenarios:
    • You accidentally drop a large amount of your money into a bottomless pit.
      You are now poor compared to me.
    • We both accidentally a large amount of our money into a bottomless pit.
      Both of us are now poor compared to... Each other?
     
  4. InfiniteSeven

    InfiniteSeven

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    Still doesn't change the fact that you lost the money.

    As for the stimulus package, I really don't know if it'll work. I hope it will.

    Edit: Do I have to be poor compared to you? :3
     
  5. Zombie

    Zombie

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    If you both drop the money into the pit, you will be poor compared to your previous living conditions.

    I have no idea what this stimulus package is, since I live on the other side of the globe, but I hope it won't fuck up the global economy.
     
  6. brad.dude03

    brad.dude03

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    That example doesn't really work.

    Because in our world, the fate of everyone else is tied to the fate of the United States. When the US goes down, it's gonna drag a lot of people with it.

    And as such, Banks from around the world pooled their finances back in September. China gave the US a loan. The rest of the world wants this Bill to work just as much as Obama does.

    I think it will. The only problem is that the US will need to come up with the money for this loan on their own. They're using this money to buy up as much of the toxic debt as possible, to prevent everyone from losing money in their terrible investments in the subprime mortgages.
     
  7. Hakeem

    Hakeem

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    If we both have the same amount of money, how are either of us worse or better off than each other?
    How is that?


    Suppose I have 47 conch shells and 19 snail shells. You have 26 conch shells and 67 snail shells. Which of us has more money?
     
  8. Zombie

    Zombie

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    I don't get it. What does that have to do with the stimulus package?
     
  9. Blackscar

    Blackscar

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    I hope it will be use correctly and that it doesnt fall in to the wrong hands.
     
  10. Zombie

    Zombie

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    [​IMG]

    Oh no! Terrorists will steal our economic tax reformation system!
     
  11. Blackscar

    Blackscar

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    Ahah..
     
  12. zt2211

    zt2211

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    In my opinion, the stimulus bill (and the "bailout" last fall under G.W. Bush) is a step towards socialism because it entails the government "giving" money from its citizens (taxpayer money) (or, at least, money borrowed from China!) to failing industries. We have been going down this road for a long time; just look at farm subsidizing.

    Basically, I am a free-market supporter (as were the founding fathers), and I don't see how just giving out cash to companies is going to solve any problems. There is no incentive to do better, and government regulation has proven to be inefficient time and time again. Do we really want a socialist economy in the United States? I sure don't; the only winners in that scenario are the politicians and (tyrannical) Chinese interests.

    By the way, I'm not being partisan here. Both Democrats and Republicans have been leaning toward socialization for a LONG time, and G.W. Bush was less economically conservative than Clinton. Obama will probably turn out to be more economically centrist than Bush was (which is a good thing, in my opinion). I'm only against socialism and communism, and I am for free market principles and less government interference (in both social and economic arenas).
     
  13. Gausslander

    Gausslander

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    Without these large companies the country would be severely damaged. Just look at China before Beijing and Shanghai went completely federalist.
     
  14. brad.dude03

    brad.dude03

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    Without this supposedly socialist action by your government the entire country would collapse. Republican idiots everywhere protested the bailout by saying that the companies that couldn't survive should be left to die. This isn't a realistic possibility, because it would mean the complete and utter destruction of the US economy.
     
  15. Samuraid

    Samuraid

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    I normally don't post in politicallly-flavored threads (because debates on the internet are next-to-pointless), but this one is a bit more interesting.

    If you want to know how the economic stimulus package will likely work, all you have to do is look at history. President Franklin Delano Roosevelt increased government spending unprecedented amounts during a previous huge USA recession. That, combined with World War 2, brought the economy out of the recession it was in. However, the USA is now over 6 trillion dollars in debt and we are still paying for it. So yeah, this will likely help, but a few generations down the road we'll be paying for it as well.
     
  16. Captain Griffen

    Captain Griffen

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    Sweden is a happy first world country. The USA is an unhappy and, in many ways, third world country. Go figure.
     
  17. Hakeem

    Hakeem

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    You know, you are probably right.


    Somehow, that that is right seems wrong to me.
     
  18. brad.dude03

    brad.dude03

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    Well, not really. You have to think about all the people that have their fates tied to these companies in some way or another. Whether they provide a third party service for the company, or whether they're directly employed, they're going to be fucked if it goes under.

    It's not just about the companies. I'd love to see a lot of these greedy corporations go under, but you just can't, because the people tied to them will be screwed. And if you suddenly have millions of people without jobs, the economy will be even worse off.
     
  19. Hakeem

    Hakeem

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    Yeah, and that seems like a crappy situation to be in. We can't shut them down if we wanted to.
     
  20. brad.dude03

    brad.dude03

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    I heard an interesting conspiracy theory today. One of the philosophy teachers in my school is adamant in his belief that all of the major problems in the Us as far back as September 11th, 2001, have been the result of oil, directly or indirectly.

    So, for the economy, he claims that it the Saudi's, with their massive oil prices, that destabilized the economy, and used this as an excuse to buy up as much of the US as possible with their oil money.

    And it's partially true, as far as I know, because the banks, before the US stepped in with this Stimulus Package, were either being bought up by or taking loans from, the Saudi's.

    It's like fighting a war on a whole different level, according to him anyway.