So if Reagan could destroy the Soviet economy through forcing huge payments for the military, why wouldn’t the same strategy work on the USA economy ?

Oh Wait ……It did. That Osama is a tricky one.

http://www.youpolls.com/details.asp?pid=1619

.

Also, I understand using tax rebates as a form of relief, but can someone make a case for rebates as an overall economic stimulant?

Yet fools like you just go charging straight ahead without thinking, blindly following him off a cliff. When will you wake up and realize that a monkey couldn’t screw things up any worst if he made decisions by throwing a dart at a board full of bad ideas. I understand party loyality, but come on man, what planet have you been living on for the last 7 years? Pluto? Regardless of what you think, history doesn’t lie and it will show this guy is the worst leader we’ve ever had. If he’s not you can eat your hat.

1. This is not a correction. A correction comes when there has been an over valuation of stock. Usually this is caused by overbuying bidding up the price of stocks.

2. A correction usually calms down an overheated market. Rarely will a correction spread world wide.

3. This is a global downturn. It occurs because of specific weaknesses in the impacted economy. In this case, President Bush has created excessive current account debts fueled by foreign loans. You cannot indefinitely import more than you export. Bush further relied upon consumer spending to shore up the economy after the tech bubble burst. Again, this cannot be a long term economic solution. Third taxcuts failed to stimulate the economy since they were geared to wealthy taxpayers who would not convert this into spending and corporations who maintained very low levels of employing additional investments capital or profits. Fourth, debt problems are becoming worse because of the off book deficits to pay for the war. Fifth, deregulation of the mortgage market and encouragement of home buying by this administration to maintain consumer spending exacerbated the problem. We see an international downturn because the rest of the world now realizes that the US economy is in weak condition. Their holding of US debt and a falling dollar impacts the value of investments in the US.

Yes, Mr. Kerry, I do understand the stock market. Unfortunately, you do not.

Comment by Fred — January 23, 2008 @ 3:22 pm

Thanks a bunch, Fred. Now that you’ve got your new ISP it’s suddenly OK for plunger to spam every thread on TP.

Why don’t you help him set up his own blog, instead?

Comment by gummitch

I tried to have a discussion about this and was shut down by katy and some of the other regulars……I did what I had to do to survive….take it up with those who made the decision…it was not me.

Hope they nab him before he flees the country.

Bush/Cheney
Hague Trials ‘09

Buck Fush

Comment by Fred — January 23, 2008 @ 3:22 pm

Thanks a bunch, Fred. Now that you’ve got your new ISP it’s suddenly OK for plunger to spam every thread on TP.

Why don’t you help him set up his own blog, instead?

Comment by hellinabucket — January 23, 2008 @ 2:09 pm

Keep saying it and post it everywhere and by election time, the candidates will be saying it, too. Ah, the beauty of the Internet(s), those magical, interconnecting tubes.

Comment by John Kerry — January 23, 2008 @ 2:13 pm

Apparently you haven’t been watching the stock market for the last 7 years. It hasn’t been going up, up, up since GWB took office. Currently it’s 11% higher then it was 7 years ago. It hasn’t been keeping up with inflation at that rate. A correction comes when people feel the market is overvalued. When a slump in the stock market comes at a time when the stock market is low, that’s not a correction, that’s a shitting indicator for the stock market. China can call this a correction, their market doubled last year. The U.S. is underperforming and has been for 7 years. It is you who has no idea of how the stock market works, or in this case, does not work.

p.s. the stock market is also a very poor indicator of how the U.S. economy is going. Look at the value of your $, your annual deficits, your total debt, your debt/GDP%, your trade deficit. Look at all of the indicators and you’ll see a very unhealthy environment in the U.S. Other markets will tumble as well as a result of the U.S. mismanagement but at least they were performing well prior to this… they can afford it. Their $ has some value. You can’t say the same but you probably have a negative net worth so a plunging $ is actually good for you!

One of the proposed stimulus would be to give a one time rebate of $800 to singles and $1600.00 to couples. That isn’t going to do anything to stimulate our economy. We need good paying jobs in this country to stimulate the economy. Bring our jobs home and then people will have money to spend. The only businesses that will benefit by this measly consumer rebate will be the credit cards and the food industry.

If people think Iraq exists in a bubble, and that it doesn’t affect their lives in any way, they won’t really care if it goes on and on.