Home › Forums › Financial Markets/Economics › They told us it was for our own good
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SD Realtor.
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August 8, 2011 at 6:19 PM #717483August 8, 2011 at 7:13 PM #716325
SD Realtor
ParticipantThe point is not to go back in time. The point is to not blindly believe that everything you are told by the govt is true…
You have made it abundantly clear in many many posts that what was done in the past helped us to avert disaster. I have never been so sure of that. In fact I think it made the rich much richer, and kept a slow bleed going instead of just removing the tumor at what would have been great pain. Geitner has simply been following what Paulson did. Corruption is not dedicated to either party… It is alive and strong in both.
I thought Deninger brought up an interesting point that the 7 trillion dollars spent at the time he wrote the article would have wiped out 50% of all the mortgage debt in America.
August 8, 2011 at 7:13 PM #716416ParticipantThe point is not to go back in time. The point is to not blindly believe that everything you are told by the govt is true…
You have made it abundantly clear in many many posts that what was done in the past helped us to avert disaster. I have never been so sure of that. In fact I think it made the rich much richer, and kept a slow bleed going instead of just removing the tumor at what would have been great pain. Geitner has simply been following what Paulson did. Corruption is not dedicated to either party… It is alive and strong in both.
I thought Deninger brought up an interesting point that the 7 trillion dollars spent at the time he wrote the article would have wiped out 50% of all the mortgage debt in America.
August 8, 2011 at 7:13 PM #717014ParticipantThe point is not to go back in time. The point is to not blindly believe that everything you are told by the govt is true…
You have made it abundantly clear in many many posts that what was done in the past helped us to avert disaster. I have never been so sure of that. In fact I think it made the rich much richer, and kept a slow bleed going instead of just removing the tumor at what would have been great pain. Geitner has simply been following what Paulson did. Corruption is not dedicated to either party… It is alive and strong in both.
I thought Deninger brought up an interesting point that the 7 trillion dollars spent at the time he wrote the article would have wiped out 50% of all the mortgage debt in America.
August 8, 2011 at 7:13 PM #717166ParticipantThe point is not to go back in time. The point is to not blindly believe that everything you are told by the govt is true…
You have made it abundantly clear in many many posts that what was done in the past helped us to avert disaster. I have never been so sure of that. In fact I think it made the rich much richer, and kept a slow bleed going instead of just removing the tumor at what would have been great pain. Geitner has simply been following what Paulson did. Corruption is not dedicated to either party… It is alive and strong in both.
I thought Deninger brought up an interesting point that the 7 trillion dollars spent at the time he wrote the article would have wiped out 50% of all the mortgage debt in America.
August 8, 2011 at 7:13 PM #717522ParticipantThe point is not to go back in time. The point is to not blindly believe that everything you are told by the govt is true…
You have made it abundantly clear in many many posts that what was done in the past helped us to avert disaster. I have never been so sure of that. In fact I think it made the rich much richer, and kept a slow bleed going instead of just removing the tumor at what would have been great pain. Geitner has simply been following what Paulson did. Corruption is not dedicated to either party… It is alive and strong in both.
I thought Deninger brought up an interesting point that the 7 trillion dollars spent at the time he wrote the article would have wiped out 50% of all the mortgage debt in America.
August 8, 2011 at 9:05 PM #716425SK in CV
Participant[quote=SD Realtor]The point is not to go back in time. The point is to not blindly believe that everything you are told by the govt is true…
You have made it abundantly clear in many many posts that what was done in the past helped us to avert disaster. I have never been so sure of that. In fact I think it made the rich much richer, and kept a slow bleed going instead of just removing the tumor at what would have been great pain. Geitner has simply been following what Paulson did. Corruption is not dedicated to either party… It is alive and strong in both.
[/quote]
You know, I think all of the bailouts and stimuluses (stimuli?) were poorly conceived and badly implemented. I think all the benefits they provided could have been done for a whole lot less taxpayer money. But in the long run, the difference isn’t all that significant. We’d have a shitload of debt even if there were no stimulus or bailouts. They’d didn’t cause the debt.
What I really don’t know is if there is anything that could have been done that would have put us in better position today. I really haven’t seen a plan that I think would have worked any better. Nothing that would have turned the economic crisis in 2008 into booming GDP growth or lower unemployment. I don’t suspect there was any surgery for that tumor that would have made the ecomony healthy in 2011, or 2012 or 2013 for that matter. I’m open to ideas. I’d love to see something that jumps out at me and says “THIS WILL FIX EVERYTHING!”. I’m not saying it’s not out there. But I haven’t seen anyone propose it yet.
August 8, 2011 at 9:05 PM #716515Participant[quote=SD Realtor]The point is not to go back in time. The point is to not blindly believe that everything you are told by the govt is true…
You have made it abundantly clear in many many posts that what was done in the past helped us to avert disaster. I have never been so sure of that. In fact I think it made the rich much richer, and kept a slow bleed going instead of just removing the tumor at what would have been great pain. Geitner has simply been following what Paulson did. Corruption is not dedicated to either party… It is alive and strong in both.
[/quote]
You know, I think all of the bailouts and stimuluses (stimuli?) were poorly conceived and badly implemented. I think all the benefits they provided could have been done for a whole lot less taxpayer money. But in the long run, the difference isn’t all that significant. We’d have a shitload of debt even if there were no stimulus or bailouts. They’d didn’t cause the debt.
What I really don’t know is if there is anything that could have been done that would have put us in better position today. I really haven’t seen a plan that I think would have worked any better. Nothing that would have turned the economic crisis in 2008 into booming GDP growth or lower unemployment. I don’t suspect there was any surgery for that tumor that would have made the ecomony healthy in 2011, or 2012 or 2013 for that matter. I’m open to ideas. I’d love to see something that jumps out at me and says “THIS WILL FIX EVERYTHING!”. I’m not saying it’s not out there. But I haven’t seen anyone propose it yet.
August 8, 2011 at 9:05 PM #717114Participant[quote=SD Realtor]The point is not to go back in time. The point is to not blindly believe that everything you are told by the govt is true…
You have made it abundantly clear in many many posts that what was done in the past helped us to avert disaster. I have never been so sure of that. In fact I think it made the rich much richer, and kept a slow bleed going instead of just removing the tumor at what would have been great pain. Geitner has simply been following what Paulson did. Corruption is not dedicated to either party… It is alive and strong in both.
[/quote]
You know, I think all of the bailouts and stimuluses (stimuli?) were poorly conceived and badly implemented. I think all the benefits they provided could have been done for a whole lot less taxpayer money. But in the long run, the difference isn’t all that significant. We’d have a shitload of debt even if there were no stimulus or bailouts. They’d didn’t cause the debt.
What I really don’t know is if there is anything that could have been done that would have put us in better position today. I really haven’t seen a plan that I think would have worked any better. Nothing that would have turned the economic crisis in 2008 into booming GDP growth or lower unemployment. I don’t suspect there was any surgery for that tumor that would have made the ecomony healthy in 2011, or 2012 or 2013 for that matter. I’m open to ideas. I’d love to see something that jumps out at me and says “THIS WILL FIX EVERYTHING!”. I’m not saying it’s not out there. But I haven’t seen anyone propose it yet.
August 8, 2011 at 9:05 PM #717263Participant[quote=SD Realtor]The point is not to go back in time. The point is to not blindly believe that everything you are told by the govt is true…
You have made it abundantly clear in many many posts that what was done in the past helped us to avert disaster. I have never been so sure of that. In fact I think it made the rich much richer, and kept a slow bleed going instead of just removing the tumor at what would have been great pain. Geitner has simply been following what Paulson did. Corruption is not dedicated to either party… It is alive and strong in both.
[/quote]
You know, I think all of the bailouts and stimuluses (stimuli?) were poorly conceived and badly implemented. I think all the benefits they provided could have been done for a whole lot less taxpayer money. But in the long run, the difference isn’t all that significant. We’d have a shitload of debt even if there were no stimulus or bailouts. They’d didn’t cause the debt.
What I really don’t know is if there is anything that could have been done that would have put us in better position today. I really haven’t seen a plan that I think would have worked any better. Nothing that would have turned the economic crisis in 2008 into booming GDP growth or lower unemployment. I don’t suspect there was any surgery for that tumor that would have made the ecomony healthy in 2011, or 2012 or 2013 for that matter. I’m open to ideas. I’d love to see something that jumps out at me and says “THIS WILL FIX EVERYTHING!”. I’m not saying it’s not out there. But I haven’t seen anyone propose it yet.
August 8, 2011 at 9:05 PM #717622Participant[quote=SD Realtor]The point is not to go back in time. The point is to not blindly believe that everything you are told by the govt is true…
You have made it abundantly clear in many many posts that what was done in the past helped us to avert disaster. I have never been so sure of that. In fact I think it made the rich much richer, and kept a slow bleed going instead of just removing the tumor at what would have been great pain. Geitner has simply been following what Paulson did. Corruption is not dedicated to either party… It is alive and strong in both.
[/quote]
You know, I think all of the bailouts and stimuluses (stimuli?) were poorly conceived and badly implemented. I think all the benefits they provided could have been done for a whole lot less taxpayer money. But in the long run, the difference isn’t all that significant. We’d have a shitload of debt even if there were no stimulus or bailouts. They’d didn’t cause the debt.
What I really don’t know is if there is anything that could have been done that would have put us in better position today. I really haven’t seen a plan that I think would have worked any better. Nothing that would have turned the economic crisis in 2008 into booming GDP growth or lower unemployment. I don’t suspect there was any surgery for that tumor that would have made the ecomony healthy in 2011, or 2012 or 2013 for that matter. I’m open to ideas. I’d love to see something that jumps out at me and says “THIS WILL FIX EVERYTHING!”. I’m not saying it’s not out there. But I haven’t seen anyone propose it yet.
August 8, 2011 at 9:14 PM #716440ParticipantI think I agree with your entire post. What irked me about that entire mess was the speed at which decisions were made and that so many of the moves were done in the name of averting what was akin to a meteor strike. Paulson just seemed absolutely not interested as things developed and when he did try to do something it just seemed like he wanted to get the hell out of there… Geitner to me has proven to be not much better. Perhaps it was a no win for no matter who would have taken the position.
I agree with you about not knowing the fix and perhaps one not being there. I keep thinking that letting the housing market dump harder was one of them. Maybe nationalizing banks (shudder) would have been another… I don’t know but I think that what we did wasn’t the right way to go. As you noted perhaps is the money was applied in a different manner then we could have seen better results.
August 8, 2011 at 9:14 PM #716528ParticipantI think I agree with your entire post. What irked me about that entire mess was the speed at which decisions were made and that so many of the moves were done in the name of averting what was akin to a meteor strike. Paulson just seemed absolutely not interested as things developed and when he did try to do something it just seemed like he wanted to get the hell out of there… Geitner to me has proven to be not much better. Perhaps it was a no win for no matter who would have taken the position.
I agree with you about not knowing the fix and perhaps one not being there. I keep thinking that letting the housing market dump harder was one of them. Maybe nationalizing banks (shudder) would have been another… I don’t know but I think that what we did wasn’t the right way to go. As you noted perhaps is the money was applied in a different manner then we could have seen better results.
August 8, 2011 at 9:14 PM #717128ParticipantI think I agree with your entire post. What irked me about that entire mess was the speed at which decisions were made and that so many of the moves were done in the name of averting what was akin to a meteor strike. Paulson just seemed absolutely not interested as things developed and when he did try to do something it just seemed like he wanted to get the hell out of there… Geitner to me has proven to be not much better. Perhaps it was a no win for no matter who would have taken the position.
I agree with you about not knowing the fix and perhaps one not being there. I keep thinking that letting the housing market dump harder was one of them. Maybe nationalizing banks (shudder) would have been another… I don’t know but I think that what we did wasn’t the right way to go. As you noted perhaps is the money was applied in a different manner then we could have seen better results.
August 8, 2011 at 9:14 PM #717278ParticipantI think I agree with your entire post. What irked me about that entire mess was the speed at which decisions were made and that so many of the moves were done in the name of averting what was akin to a meteor strike. Paulson just seemed absolutely not interested as things developed and when he did try to do something it just seemed like he wanted to get the hell out of there… Geitner to me has proven to be not much better. Perhaps it was a no win for no matter who would have taken the position.
I agree with you about not knowing the fix and perhaps one not being there. I keep thinking that letting the housing market dump harder was one of them. Maybe nationalizing banks (shudder) would have been another… I don’t know but I think that what we did wasn’t the right way to go. As you noted perhaps is the money was applied in a different manner then we could have seen better results.
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