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Government parachutes and anger
- Thread starter Crabtownboy
- Start date
It does, if you only have a first-grade understanding of basic economics.
Responsible voters didn't ask for these expenditures, and we recognize their disastrous effects.
Are you including the tax cuts and the low interest rates in the disasters? Just curious.
To be more descriptive...
Stimulus and health reform would be anchors tied to that guys ankles - not part of the parachute.
Income tax cuts would be the government cutting holes out of his parachute and and handing the scraps back to him.
Low interest rates are not the result of the government - they are the result of no demand - nobody is borrowing.
Very poor cartoon.
Stimulus and health reform would be anchors tied to that guys ankles - not part of the parachute.
Income tax cuts would be the government cutting holes out of his parachute and and handing the scraps back to him.
Low interest rates are not the result of the government - they are the result of no demand - nobody is borrowing.
Very poor cartoon.
Last edited by a moderator:
Once again, basic economics.
Look at economic growth vis a vis tax cuts. That is an economic stimulant.
Being as you're liberal, I'll remind you whose money it is to start with: (hint--not Washington's).
Low interest rates? I'm neither the cause or the recipient of it (I chose a different route on my home).
I will say the following, however:
The interest rates weren't the problem--it was the stupidity in giving loans to unqualified applicants (exacerbated by people being immature and living beyond their means--generalities of course, with exceptions).
Of course, we could always re-elect your hero and solve the interest problems. What was it Jimmy gave us....20%?
No it doesn't.
Targus is more on point with the observation about weights tied to the feet. Also, if one wanted to be more specific you should have two giant balloons above the guy: 1) the federal deficit and 2) student loans/personal debt that are almost ready to explode.
Our economic picture is very, very complex. The Federal Reserve is doing what it feels necessary to stimulate growth but at some point we are going to need to drop back to 15% - 20% interest to sustain growth. The rampant inflationary trend in the US, not to mention the growing crisis in foodstuffs will all serve to stunt sustainable multi-generational growth.
Tom Bryant
Well-Known Member
You're probably right.
Crabby's failing argument is better represented by a disappearing airplane. That's his MO when his argument is laid bare.