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Originally Posted by Snake Doctor
Based on what we know from Japan's lost decade and the great depression....what we're doing now (quantitative easing of the money supply by the fed and deficit spending by the federal government) is the right thing....even if it offends someone's conservative sensibilities.
George Soros had a really good explanation for this.
The republicans aren't pissed about the "spending", they're pissed about what the spending is for. If they were in charge, we'd still have a stimulus bill and it would be about the same size, but the money would go to building Army bases instead of building schools....and that's the flat out 100% truth.
Of course the money is being spent on things democrats like, the democrats have large majorities in the legislature and have the White House.
Complaining about what problems we might cause with these policies (i.e. inflation, devaluation of the dollar, rewarding irresponsible past behavior, etc) is like complaining about the known side effects of the heart attack medicine that's needed to save your life.
You can not take your medicine to avoid the side effects, but the end result would be much worse than taking the medicine and living with the side effects.
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You seem to assume that is someone does not agree with what the current administration is doing then they are Republicans. For the record I am not a Republican and I did not agree with the bailout that happened when Bush was in power.
I am sure you are right that the Republicans would be doing something similar if they were in power. That does not make it right.
What you are talking about has never worked in the history of mankind. You are telling us we should trust the people that fucked everything up to successfully pull off something that has been attempted and has always failed in the past.
There is no way to avoid a Depression any longer. That is an inevitability.
This is going to fail and people will be more hurt because of it. You seem to think the US can make as much money as it wants and burying ourselves in more debt is going to fix the problem of too much debt in the system.
I am glad you feel things are under control. I hope you are right.