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Wall Street Journal OP Obama's Radicalism Is Killing the
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De
09/03/2009 12:06:09
John Ryan
Captain-Cooker Appreciation Society
Taumata Whakatangi ..., Nouvelle Zélande
 
 
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09/03/2009 11:50:38
Information générale
Forum:
Politics
Catégorie:
Autre
Divers
Thread ID:
01386150
Message ID:
01386670
Vues:
75
You said in your previous message that government programs based on printing more money and giving this new printed cash to financial institutions and/or investing it in social welfare programs is very beneficial for the country.

Did I? I thought I was rebutting the suggestion that government "borrowing" (printing money) necessarily creates a burden for our kids. I tried to point out that:

- By spending $200M the US Government now controls at least $1.5 trillion of AIG assets.
- Unemployment is rising and society does not have a role for almost 1 in 10. We all know the saying about idle hands.
- Infrastructure spending can be a very good investment even if there is a 50-year loan to be paid by future generations.

If you want to discuss "beneficial" could you please consider the meaning of the phrase "lesser of two evils." Lets not pretend that government woke up one morning and decided to do all these things because they thought it sounded cool. Government was presented with a crisis from which everybody else except Government had fled- which is amazing. As Greenspan said in his apology, he had expected that the market was capable of looking out at least for its own interests, but it would appear that this expectation was wrong. Lets also consider that people who have made studying the Depression their life's work were saying last year that the US economy was days away from collapse. If you consider government action in this real-life context rather than in isolation, perhaps you too will be disappointed that government was put in this position in the first place.

Apart from that, there are lots of interesting ways to describe the situation in which Obama finds himself. "Between a rock and a hard place" and "damned if you do, damned if you don't" both spring to mind.
"... They ne'er cared for us
yet: suffer us to famish, and their store-houses
crammed with grain; make edicts for usury, to
support usurers; repeal daily any wholesome act
established against the rich, and provide more
piercing statutes daily, to chain up and restrain
the poor. If the wars eat us not up, they will; and
there's all the love they bear us.
"
-- Shakespeare: Coriolanus, Act 1, scene 1
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