1. Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

The economic 'stimulus'

Discussion in 'News & Current Events' started by Revmitchell, Jan 6, 2009.

  1. Revmitchell

    Revmitchell Well-Known Member
    Site Supporter

    Joined:
    Feb 18, 2006
    Messages:
    41,157
    Likes Received:
    1,179
    Faith:
    Baptist
    Two centuries ago, when there were plans to create a huge fund of money to pay off Britain's national debt, the great classical economist David Ricardo objected on grounds that -- no matter what the money was said to be for -- politicians could spend it for whatever they wanted.

    Two centuries later, we have not yet caught up to that plain reality, even though the $700 billion that was supposed to be used to rescue financial institutions has already begun to be spent on other things.



    Regardless of what President Bush or Secretary of the Treasury Paulson may have had in mind when they promoted this huge bailout package, with all due respect to these gentlemen what they had in mind will not matter in the slightest after January 20th.


    More Here
     
  2. billwald

    billwald New Member

    Joined:
    Jun 28, 2000
    Messages:
    11,414
    Likes Received:
    1
    The working class will get just enough to stall off the revolution for a year or so. The bulk will go to Swiss banks.
     
  3. LeBuick

    LeBuick New Member

    Joined:
    Jun 8, 2006
    Messages:
    11,537
    Likes Received:
    0
    We have already given some of the money to the auto industry. Why should Jan 20 change what Government is doing? Paulson said the economy is a moving target and we will have to make adjustments to the solution as the problem illusively moves about.
     
Loading...