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stevenleser (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 10:59 PM Original message |
Stimulus 2.0? – Please no new Stimulus, the Effects Could Be Disastrous |
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Rosa Luxemburg (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:02 PM Response to Original message |
1. You have to look at the mess that we inherited from Bush |
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stevenleser (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:07 PM Response to Reply #1 |
6. I agree. But I think everyone needs to understand what the risk is of another 500 Billion+ in debt |
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Rosa Luxemburg (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:10 PM Response to Reply #6 |
9. the government had no trouble funding the Iraq war with borrowed money? |
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704wipes (966 posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:17 PM Response to Reply #9 |
17. That will lead to inflation at some point |
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stevenleser (1000+ posts) Send PM | Profile | Ignore | Thu Jul-09-09 12:03 AM Response to Reply #9 |
32. To groups like S&P and Moodys and Fitch, the why doesnt matter, its is the how much in aggregate |
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Rosa Luxemburg (1000+ posts) Send PM | Profile | Ignore | Thu Jul-09-09 03:59 PM Response to Reply #32 |
40. well exactly, it is usually the poor who take the greatest hit |
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lapfog_1 (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:10 PM Response to Reply #6 |
11. The risk of "official" 15% unemployment (25% real) |
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stevenleser (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:13 PM Response to Reply #11 |
14. No, if we lose the AAA rating, it is like a reverse stimulus times 3. |
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Oregone (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:23 PM Response to Reply #14 |
20. Good point! Then lets fund this one by taxing the rich! |
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stevenleser (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:30 PM Response to Reply #20 |
23. That is a much more logical approach, BUT there is a problem with that as well... |
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Oregone (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:45 PM Response to Reply #23 |
28. No you are not going to have universal healthcare |
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stevenleser (1000+ posts) Send PM | Profile | Ignore | Thu Jul-09-09 12:19 AM Response to Reply #28 |
34. I'm not opposed to the idea... but... political realities? I dont think we get to |
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Oregone (1000+ posts) Send PM | Profile | Ignore | Thu Jul-09-09 12:34 AM Response to Reply #34 |
35. Being scared of using political capital is no reason to never attempt to use it. |
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lapfog_1 (1000+ posts) Send PM | Profile | Ignore | Thu Jul-09-09 06:40 AM Response to Reply #14 |
39. I beg to differ. |
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depakid (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:02 PM Response to Original message |
2. History and responsible economists say otherwise |
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stevenleser (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:03 PM Response to Reply #2 |
4. About what? n/t |
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depakid (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:10 PM Response to Reply #4 |
10. About the necessity of additional stimulus |
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stevenleser (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:11 PM Response to Reply #10 |
13. Did you read about the Bond rating issue or just the title of the article? n/t |
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depakid (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:15 PM Response to Reply #13 |
15. Standard & poors is lucky that their executives and employees aren't in prison |
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stevenleser (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:21 PM Response to Reply #15 |
19. Pull something like this? They have already done so to other countries based on similar criteria... |
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depakid (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:23 PM Response to Reply #19 |
21. Other countries don't have the means to prosecute them for fraud |
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stevenleser (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:34 PM Response to Reply #21 |
24. Now we are heading into the twilight zone. You want the US Govt to blackmail Moody's and S&P |
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depakid (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:36 PM Response to Reply #24 |
25. Just sayin that if I were a ratings company I'd think twice about it |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Thu Jul-09-09 04:07 AM Response to Reply #2 |
37. Show me a historical example |
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babylonsister (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:03 PM Response to Original message |
3. Because you say so? No. I'll read a bit more. But thanks. nt |
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stevenleser (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:05 PM Response to Reply #3 |
5. Nope, I never ask my readers to take my word for anything. But thanks. |
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babylonsister (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:18 PM Response to Reply #5 |
18. But aren't the facts in your links changing daily? As for AAA, |
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stevenleser (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:29 PM Response to Reply #18 |
22. Yes, you should be worried about the AAA rating and so should everyone else |
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babylonsister (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:36 PM Response to Reply #22 |
26. I'm not a member of AAA. I could be but I'm not. And you seem |
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stevenleser (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:52 PM Response to Reply #26 |
30. Don't take my word for it. See what happens to firms and governments when their Bonds are rated down |
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BlooInBloo (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:07 PM Response to Original message |
7. I'm more likely to go along with what Krugman says on the matter. |
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stevenleser (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:08 PM Response to Reply #7 |
8. In this case, it matters more what Standard & Poor's says they may do as a result |
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Jennicut (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:10 PM Response to Original message |
12. Its too soon when not all of the money has even been spent. |
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zulchzulu (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:17 PM Response to Original message |
16. I would rebrand it and call it something else... but we will need a second injection |
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FrenchieCat (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:39 PM Response to Original message |
27. I don't recall anyone mentioning a 2nd stimulus except for |
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stevenleser (1000+ posts) Send PM | Profile | Ignore | Thu Jul-09-09 12:17 AM Response to Reply #27 |
33. Hi Frenchy, it looks like Steny Hoyer was the originator... |
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FrenchieCat (1000+ posts) Send PM | Profile | Ignore | Thu Jul-09-09 12:44 AM Response to Reply #33 |
36. Steny Hoyer didn't propose a 2nd stimulus package...... |
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stevenleser (1000+ posts) Send PM | Profile | Ignore | Thu Jul-09-09 11:56 PM Response to Reply #36 |
47. The problem with when people like Hoyer and Baucus say things like this is... |
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emilyg (1000+ posts) Send PM | Profile | Ignore | Wed Jul-08-09 11:48 PM Response to Original message |
29. K/R see below |
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Zavulon (1000+ posts) Send PM | Profile | Ignore | Thu Jul-09-09 12:01 AM Response to Original message |
31. Not only am I against a second "stimulus" package, I say cancel the unspent portions of the first. |
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Hutzpa (1000+ posts) Send PM | Profile | Ignore | Thu Jul-09-09 05:31 PM Response to Reply #31 |
41. That would be perfect now |
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Zavulon (1000+ posts) Send PM | Profile | Ignore | Thu Jul-09-09 07:57 PM Response to Reply #41 |
45. No, what would be perfect would be |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Thu Jul-09-09 04:09 AM Response to Original message |
38. Steve |
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stevenleser (1000+ posts) Send PM | Profile | Ignore | Thu Jul-09-09 11:59 PM Response to Reply #38 |
48. I think we will have to be content with the fact that the complete collapse was averted... |
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jesus_of_suburbia (1000+ posts) Send PM | Profile | Ignore | Thu Jul-09-09 05:33 PM Response to Original message |
42. Steven, I always watch your appearances when you are on tv (only because you tell us about them) |
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stevenleser (1000+ posts) Send PM | Profile | Ignore | Fri Jul-10-09 12:03 AM Response to Reply #42 |
49. Thanks, I appreciate it. I understand the - in recommends. People are shooting the messenger because |
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grantcart (1000+ posts) Send PM | Profile | Ignore | Thu Jul-09-09 06:26 PM Response to Original message |
43. A second stimulus is a dagger aimed directly at health care reform |
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KoKo (1000+ posts) Send PM | Profile | Ignore | Thu Jul-09-09 06:43 PM Response to Reply #43 |
44. I've never agreed with anything you've posted on DU before...but I DO agree on this one.... |
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stevenleser (1000+ posts) Send PM | Profile | Ignore | Thu Jul-09-09 11:50 PM Response to Reply #43 |
46. That is another excellent point that I hadnt considered |
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ItNerd4life (1000+ posts) Send PM | Profile | Ignore | Fri Jul-10-09 12:35 PM Response to Original message |
50. Another stimulus would help the Republicans |
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