The Realist

A Magic Multiplier?

Wow, people still follow Keynes? He has a lot of good quotes but economically he has been refuted over and over.

You probably believe that the stimulus package worked!

The reason your multiplier does not work is that the banks have already lent this money out, now the $700bil will be used as capitalization for those loans. Furthermore, there is absolutely no proof that they will lend money out.

The Fed has already purchased these instruments from the banks, just not permanently. All those loans the Fed is making to these banks with this garbage as collateral should have the same effect...but it is not.

I do love Keynes' quote that in the long run we are all dead. Although I think most people in this country wished that in the short run all the bankers had died well before this happened.

The way to fix this is to make those responsible pay, and pay dearly so that there is a deterrence from this happening in the future. Sometimes the old Soviet way would work best. I am sure this would not happen ever again if we lined up all the Investment Bank CEOs, CFOs, added in the home builders and mortgage companies guys and put them down like rabid dogs.

Time Not for a Bailout, But for Nationalization

Talk about the premise of an article making it worthless.

"It's time for the Democrats to pass a nationalization in the taxpayers' interest bill and dare Bush to veto it."

What a joke. Democrats want any plan that increases the size of government and pays off their NY banking friends. And no idiotic comments like the republicans are the party of the rich. That is just moronic. NY by size is an entire red state, it is just the concentration of blue in NYC and its suburbs that is so left wing that the entire state is always in the democratic camp. These are the democrat's constituents that give them money and keep them in power.

The Democrats can pass a bill today like Paulson's and Bush will 100% sign it. The reason that they have not done this is that they don't want the voters realizing what kind of hypocrites they are, always talking about soaking the rich to pay the poor but then when push comes to shove they send the poors' money to the rich.

This is a democrat's dream, pay off their money supporters and increase the size of government at the same time. I called Sen. Reid's office and was told he did not like the Paulson plan as written, he needed more governmental powers put into the plan to increase his fascist beliefs.

Now with all that said I like some of this plan, the fact that equity and bondholders have to pay for their mistakes. The problem is pretending that the democrats have the country's best interest at heart. What a joke.

The Economic Cost of the Military Industrial Complex

What complete garbage. Ron Paul republican, great economic sense, no foreign policy sense. We spend about 4% of GDP on military, which is nothing. Our government is there to protect us and that is it. Not to pay welfare, medicare, social security and other useless government programs that transfer wealth. If you are worried about government expenses I think you can find trillions outside of defense to cut before we cut one missle.

I have a great place to start to cut our military budget, how about we don't send our ships to help Indonesia when they get hit by a tsunami. How about we don't send them to help all other huminitarian problems. When did our military become the world's meal on wheels?

Furthermore, and more importantly, we spend so much because we value technology. We would rather spend more and lose fewer men, while countries like China and Russia trade technology for dead soldiers.

We spend to protect the entire world. Europe spent nothing on defense in the cold war, we did all the heavy lifting. These same Europeans whose continent is on the verge of total collapse can not keep an economy going even when they spend nothing on their own defense. Then they have the audacity to tell us that we are wrong in our Iraq pursuits? Yeah we were wrong in their eyes becuase Iraq was one of their major trading partners and all they care about is trying to make money any way possible. Now we are going through the same thing with Iran.

I don't care what the world thinks of us when they are completely irrational. So France and Germany are being bribed by Iraq and then I should care that they think badly about us acting against Iraq? These people should have no say in what the US does, and rightfully so. I don't take foreign policy advice from losers like France. Losers like that caused WWII and rolled over to the Nazis in two weeks. In the end it was our dead boys lying on the beaches and hedge rows or Normandy, paying for their dream of "can't we all just get along."

It's probably just cognitive disonance but when you have the same opinions as the French, Germans, Wussies, Russians, Chinese and Losers maybe you should check your opinions instead of questioning the greatest country that ever existed.