YmirGF
Bodhisattva in Recovery
I was sent this in my daily email today and have to admire Fred all the more for this. What he is saying is so true it almost hurts.
Spend: Yes we can!!!
Spend: Yes we can!!!
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One might think that, but I couldn't possibly comment.For some reason I'm thinking he's against the bailout option.
I tried to think of a more lengthy response but ran into these obstacles....for myself at least.One might think that, but I couldn't possibly comment.
Sadly, I had thought this thread would generate a bit more interest. Oh well.
I guess the garden variety Dumbocrats see the name Fred Thompson and run screaming in the opposite direction.
And Saint Obama too...Economics is over Thompson's head, don't you think? Rather reminds me of Bush -- That is, Fred's out of his depth.
But humour isn't.Economics is over Thompson's head, don't you think?
I don't know much about economics, but...
...I do have to agree with the line "it's like telling someone to loose weight by eating more donuts." sums that up pretty well.
One point Fred made that rings very true is that Americans are not saving money like we used to. The math equation is simple....if you don't save money, when an emergency comes up you have to use credit to fix the problem. I can remember hearing several years ago the alarm from economists that we were saving far too little and spending too much. Just a quick search around the net brought up multitudes of stories about the need for Americans to save. That's a part of the problem.
http://beta.asoundstrategy.com/sitemaster/userUploads/site156/CathyCallahan.pdf
Survey: Americans Not Saving Enough
If I am not wrong, and I don't believe I am, this situation is over the heads of even the savviest economists.
...the garden variety Dumbocrats...
But humour isn't.
It was a line he used in that video. He was saying when he was explaining the "spend more" to someone, and they responded with the donut line.I'm genuinely not trying to be sarcastic here. I just want to understand why you think -- even for a moment -- that dealing with a multi-trillion dollar national economy can be reduced to a weight loss program -- or at best a household budget? Are you going solely on what you heard Thompson say is the video? Or do you know something you have yet to mention?
After doing a quick search for his credentials, it doesn't look like it. Also, the way he was talking made me think he was trying to persuade people into a method that would benefit him, but not everybody else.By chance, do you think Fred Thompson knows what he's talking about? Just curious.
It was a line he used in that video. He was saying when he was explaining the "spend more" to someone, and they responded with the donut line.
After doing a quick search for his credentials, it doesn't look like it. Also, the way he was talking made me think he was trying to persuade people into a method that would benefit him, but not everybody else.
Actually, I am echoing statements made by two local fellows by the names of Michael Levy and Michael Campbell, whom I greatly admire. It is simply meant as an observation after listening to economists, financial gurus, professors etc for months now. The bottom line is an educated guess that the current financial plans will stimulate the economy; however it is not clear if they will be enough to generate a lasting effect. Don't forget that there is still the looming CDS fiasco lurking in the background. When those chickens come home to roost they could ruin the best laid plans.On what rational grounds do you assume you are right?