No recession huh?

http://data.bls.gov/cgi-bin/surveymost?cu

there is the average price of ALL goods including energy and food hovering just above 4%

and its not just listed as four % you should actually look at it, its a chart of the CPI for the past decade

this is more of an interactive one
http://data.bls.gov/PDQ/outside.jsp?survey=ap

 

Anybody who does not want or need their stimulus payment from the government should give it to somebody that does. Surely we all know a friend or family member that could use some extra cash. To bitch about somebody giving you money is fucking ridiculous. I think some people bitch just for the sake of bitching. Pessimism is ugly.

 

lol

 

just for once in your life actually read someone before you write it off and look at the data, the core inflation rate is under 3% and the inflation rate with energy and food is near/under 4%(i just calculated the January one not the whole year)

 

just look at the data PR and check it out for yourself

 

The national debt as part of GDP has been continuosly rising under the Bush administration. It is estimated that it is now close to 69.3% this year 2008.

United States National Debt (1938 to present)
An Analysis of the Presidents Who Are Responsible for the Borrowing


http://www.cedarcomm.com/~stevelm1/usdebt.htm

Again, your argument comparing the US to other nations is moot. I don't give a rats' ass about the national debt relative to the GDP of other nations such as Japan or Canada. I live here in the US and it is here where Bushs' mismanagement of this country's economic policies directly affect me more.

 

well its supposed to be economic stimulus, if people spend the money it will stimulate the economy, makes up the it represents an increase in the C part of the GDP... so it is economic stimulus

im not sure how much exactly its going to cost but i read somewhere that bush said 145B, this is essentially the same thing as a tax cut(giving money to the people)

say the american public as a whole will spend about 70% and save 30% of it

look at the impact on GDP

Initial round of spending= 145x.7=101.5B
total increase in GDP= 101.5B/0.3= 338.33Billion increase in GDP

now if they had put it into a spending program...
initial round of spending=145B because they spend it all
Total increase in GDP=145/0.3=483.33Billion increase in GDP (as the money goes through the economy and is recycled people hold onto 30% and spend the other 70

 

what i was trying to say is look at other countries that have a much much higher debt relative to their GDP and they are doing fine... and have been for many years

 

Hmmm... This might take forever.
At $ 29 billion a month, with no end in sight, in the middle of an economic crisis and other issues, don't you think this whole project is a little toooo expensive???

People need to realize the Iraq war is a trap.
We can't suddenly leave without losing face.
And we can't stay forever, otherwise, our country will be bankrupt.

Now, there are those who say, well, nations do not become bankrupt.
I have news for you, our country IS already bankrupt.

The Bankruptcy of the United States
http://www.apfn.net/DOC-100_bankruptcy.htm

 

sure ive said many times that its expensive, nations can't technically become bankrupt
and the thing you posted is from 93..

if you look at the numbers, the 145b they are issuing creates over 400Billion in increased GDP so it actually lowers the national debt in relative terms

just to let you know the U.S has never defaulted on a loan payment

 

LOL. Acqua, you seem to have some serious comprehension issues here. :jester:

The economic "stimulus" package will stimulate nothing.

Why??

There is no money in the U.S. Treasury.

As of this moment, the purse is overdrawn by over $9,000,000,000,000.00
That's 9 fucking trillion dollars, with a capital T.

 

I am not an economist, but I believe by definition that is exactly what it is. That being the case, returning the check in protest is completely idiotic. From what I understand and what I have read, it is not about the individual amount, it is about the percent of the total that the government expects will be injected directly into the economy. The people who are in place who make these decisions obviously feel that this amount is the amount that will hopefully alter the momentum of the current economic state. If they felt this number was twice that, then Americans would be getting $1200-2400. I don't believe that this programs intent is to focus on the compensation of the individual, so to believe that receiving "only $600" is ignoring the larger picture. I believe that protesting this program is simply protesting the plan and desire to improve the US economy.

I am posting from my Blackberry otherwise I would research myself, but does anyone know the impact of the Economic Stimulus program that was conducted in 2000? (The last time rebate checks were sent to Americans)

 

okay listen, so the 300B+ that's going to be injected into the economy is not going to increase GDP? is not going to do anything to the economy??? is not going to promote growth and production? so where is this 300B going?

according to the world bank, the GDP of the U.S is 13,201,819 Billion, so roughly 9000/13201=68% (these are nominal figures not adjusted for inflation)
13201+330=13531

9000/13531=66.5% this single package will lower the U.S national debt by 1.5%

 

.

to be fair... the people have to spend it for this plan to work

if people save 50% of this...

initial round of spending= 145x.5=72.5B
total increase in GDP=72.5/.5=145B back into the economy so it is useless

so in order for this to work people have to spend more than 50% of what they get, AND they have to spend this on domestically made goods, so you can see that the government spending plan would be much more effective

 

There is no 300 billion to begin with. :jester:

The treasury is 9 fucking trillion dollars in the hole.

 

the 333B is added to the GDP, and the 145B is added to the national debt, you can see that the GDP (from this one action alone) has decreased the relative size of the national debt, the best possible situation would be if everyone spent 100% of it(for the gop at least) because then the economy would enjoy a nice boost, and people would be happier because the gop "saved the day"(and because they have $600-1200 worth of more material goods lol) and it would score them political points...however they could have invested this money straight into the economy from the get go to achieve guaranteed maximum results but chose to take the risk so they could win some political points :-/, dems wanted 3x more, but some people feared that the sudden change in aggregate demand would cause inflation to shoot up(especially with the way low interest rates)

 

doesn't matter how much they owe, they can still print money

 

acga5, Please step away from the computer!

You need to get outside and take a look around!

You have all the facts and figures but you can't see the forest for the trees!

Once outside, look around and ask your self where did all these people with signs saying that they're homeless come from, because my numbers say they don't exist?

Also, while you’re outside, find someone whose house is in foreclosure, shouldn't be too hard, and tell them not to worry your numbers say it really isn’t that bad, it’s just a blip in the economy or maybe just tell them to do what the government does, just borrow some more money to pay off their house and while they’re at it borrow enough to buy a new car and boat too! That will fix everything!

The problem is someday what you borrow must be paid back, even if you are the government and can print your own money!

 

Right.
If they can just print money,
might as well put some ink marks on that toilet paper and call it money.

If an ordinary citizen were to do that, it would be considered illegal, and yet you're suggesting that the government commit an illegal act to "just print money", unless you imply that the government has been doing this all along, which again negates your insistence of using your data, statistics and technical analyses, since as you say, "doesn't matter how much they owe."

If as you say, "doesn't matter how much they owe, they can still print money", then you might as well gather your statistics and technical stuff and shove em' up where the sun don't shine, since like you say, it "doesn't matter how much they owe."

Which again proves that you're nothing but a troll in this forum, out to spread lies, mislead people and make false statements just like Bush.

 

well, the government CAN print money lol, they are allowed to unlike everyday people...you obviously have no understanding of national debt, the government has been printing money for quite some time now, not sure if you knew this....and through effective spending you can actually lower the relative size of the national debt by increasing GDP more, this is much more effective and slowly paying down the debt... trying to pay down the debt only results in a shrinkage of the money supply slows down the economy

also, those people whining about stagflation should really think, (we are not stagnant we have growth in GDP, and we have limited inflation, sounds like a economic downturn with limited inflation because of the rise in the price of oil which represents cost-push inflation on the supply side, but the GDP growth has only gone down a bit not gone into negative territory and inflation is still a low levels