In case you missed the epic pwnage

ib1yysguy said:
Fact: Before about an hour ago you had no idea any economists thought stimulus spending was a good idea. You laughed at the idea.
Click to expand...

of course I laughed at it....I still do....anyone who thinks this stimulus plan is a good idea is an absolute idiot, Krugman included.....
 
PostmodernProphet said:
of course I laughed at it....I still do....anyone who thinks this stimulus plan is a good idea is an absolute idiot, Krugman included.....
Click to expand...

circular-reasoning1.jpg
 
ib1yysguy said:
Yeah, if Joe was making any kind of income, he'd have paid back the debt of like $1.35 with some interest. So the ice cream man would have made his profit, the lender would have made profit, and Joe would have gotten his ice cream and greased the wheels of commerce at the same time.

What happened instead is Joe got no ice cream, the ice cream man made no money, and the person who would have lent him money had no interest earned on the loan that was never made.

Retarded on a surreal level was right.
Click to expand...

fail....

borrowing forever is NOT an economic option as credit runs out...so assume credit is always is a fallacy...and don't be lame like watermark and call this a strawman, its not, it is a logical extension of borrowing
 
ib1yysguy said:
Again, if you're not retarded (like say, you won a Nobel Prize in economics) you understand that Japan's economic woes bared no similarity to our own. The comparison is without merit. You want to draw some similarity because you see the words "Liberal Democratic" and think that every other factor doesn't matter.

Fact: Before about an hour ago you had no idea any economists thought stimulus spending was a good idea. You laughed at the idea. I corrected you hard-core. The vast majority of economists recognize deficit/stimulus spending as tremendously helpful in recessions caused by drops in private sector investment and consumption (ours). Japan's recession was due to huge, out of control inflationary issues which made their government's spending on infrastructure much, much less effective. The comparison, again, is totally retarded and it's a very sorry attempt to draw attention away from the fact that you were totally uninformed (read: ignorant) as to the economics behind stimulus spending and the fact that most economists recognize it as legit.
Click to expand...

why don't you actually explain why they are not similar....yet you hack focus on the word liberal and ignore all the rest of the facts....

weak

as if just becuase you win a nobel ONCE in economics make you FOREVER right about EVERYTHING economic...

fail
 
Consumers, their wealth decimated and their optimism shattered by collapsing home prices and a sliding stock market, have cut back their spending and sharply increased their saving — a good thing in the long run, but a huge blow to the economy right now

are you going to say this economist is wrong....
 
Yurt said:
Consumers, their wealth decimated and their optimism shattered by collapsing home prices and a sliding stock market, have cut back their spending and sharply increased their saving — a good thing in the long run, but a huge blow to the economy right now

are you going to say this economist is wrong....
Click to expand...

No, it's a bad thing in the long run and a bad thing in the short run. Their cutbacks will just lead to more eventual debt.
 
SmarterThanYou said:
the definition of insanity is doing the same thing over and over and expecting different results. the dems are doing the same thing that FDR did and they expect it to boost the economy. in reality, it will extend the recession just like it did with FDR.

therefore, dems are insane.
Click to expand...

Didn't FDT set up regulations to keep the banks from doing this again?
Regulations who were mostly dismantled?

We need those and other regulations back.
 
Yurt said:
oh do shut up whiner....your pal ib1 loves them yet you never say peep to him, partisan hack...
Click to expand...

Nah - it's much more your m.o. The 3rd grade tactic of posting an unattributed quote, then getting your "A HA!" moment when someone criticizes it, and finds out - OMG! - it's a Dem!

Pretty sad. Last refuge of the uninformed....
 
imho Krugman has too much of the smell about him of the brilliant finiancial whizzes that helped bring this fiasco about and did not see it coming.
 
You must log in or register to reply here.
Back
Top