is barak printing money now?
 

is this actually going to help?

some obama-ite soothe my nerves plz. and you foreigners that all rode his dick into the white house...what's goin on? are you aware u might have to bail out yr old pal the ol US of A? i'm scurrd:( :(

Read it yourself.

The American Recovery and Reinvestment Act of 2009:
http://appropriations.house.gov/pdf/...Bill_Div_A.pdf

that made my safari crash. just tell me its going to be ok

What's important is that you can't do anything about it. Just focus on that.

Your Safari is going to be alright.

my safari doesn't feel alright... i'm on firefox now. too scared to re-open safari.

is barak gonna re-open my safari for me?? i'm scared

barak..a?

so after a hundred years of the US bailing out nation after nation after nation we may need a little help? so what?

davenotdead, let the following link soothe your troubled brow: http://www.guardian.co.uk/lifeandsty...ture=343422021

Whoa, careful man. You never know where that common sense will get ya...

could be the grave!

first tell me if you work for a living and then i'll ask you other questions and then i'll tell you if or how it matters.

this is what we've all been yelling at each other about at work today

NEA funding for teh win

no i don't work. i'm tryin to get back into college to get a damn degree that everyone tells me i should be getting. i own property mostly

i see-- working people are being let go of their jobs because everybody is afraid to spend money, business orders drops, people get the ax.

george wanker bush added 5 TRILLION dollars to the economy mostly to waste-- any damage to the economy has already been done of course.

the stimulus package is a drop in the bucket, by comparison (well not exactly). now the question is: can it cause inflation? yes. will the dolar devaluate? of course. both in the short term. but in the long term this is preventing a total collapse of the economy due to a failure of the financial system. think of it as an engine stalling-- takes more energy to start an engine than to keep it going.

now don't kid yourself, we've had higher inflation than it has been reported, but the problem is that the CPI is manipulated like a cheap sex doll to make it look like inflation remains low-- bullshit.

the way i see it (i am no expert) our economy HAS TO contract because it's been fueled by debt and fictitious assets for too long, and promoted consumerism instead of saving and investing, so yeah, we're going to have to eat some shit, but hopefully not so much that we choke to death.

regarding property, im going to assume this is real estate, think what happens when your tenants lose their jobs, the city loses taxes, the cops & firefighters aren't around to keep the peace & safety-- you get the picture.

google "hooverville" for images.

gtg i might rant more later.

that is startlingly close to the attitude expressed by the drunken good ol american arguing with the protesters at the intro to "Jimi Plays Berkley"..

but you are correct about the necessary contraction.. after all, all economies contract "seasonally" so to speak, because every twenty years or so the fact that our wealth is based upon our imaginations comes to a crashing reality check, and in this particular situation, the greed of bankers and real estate speculators has come to pay the piper..

the youth should be saying, "wars within a breath, its land or death" but instead they just are looking for the shitstem to solve all our problems.. "and then the system wins again, and will carry on winning until God knows when..."

11 million people aren't not able to work for a living in America, and that is the legit estimate...

well i have a business property. one tenant did leave.

i talked to a realtor and she told me to just put it up on craigslist myself because she couldn't do much better. that was honest of her.

and then my house...which i need to file to get a lower monthly mortgage on.

ok, that was quick. part 2. but first, a digression.


lucky for me i am not responsible for what goes on in your head or how you misread things. the reason for my question is explained below.

if you follow what goes on in this board, you may have realized dave does not express himself like a working stiff, but rather as a member of the, let's call it "investor class". you may be familiar with marx and his notion that ideology is dpendent on social class.

of course this was confirmed by his reply, and so i molded my answer address to his particular point of view. his perspective on the economy is necessarily different from people like me who depend on business orders in order to make a living, or different from those who depend on a company or the government to give them a job to make a living.

anyway. on with the story.


yep. now realize your realtor is probably going on the rice and beans diet as well. your former tenant and his employees are also out of the economy at this point-- collecting unemployment or who knows what. that puts a greater burden on the government than if the government had help keep the business afloat, by, say, purchasing something from them (provided of course it's not an absurd business doomed to failure in any climate).

you also are stuck with the property taxes whether you have a tenant or not, or maybe you have empty business rates, i dont know. but to maintain etc. the city has to pay to police, etc etc--

think what happens as more businesses shut their doors; eventually the customers of your other tenants would disappear and guess what? the malady spreads like a bad chancre. in the case your tenants all left you'd be fucked and you might have to sell your building (if you could find a buyer) for peanuts or worse, just let it rot and have it seized for overdue taxes, or having it taken over by squatters.

im not trying to spook you or anything, but that's the prospect we've been facing since september of last year, and it's not over.

so, going into a little debt to keep things going is not a bad idea from wherever you look at it, whether you're a working stiff or a business owner or an investor, because ultimately we're all in the same goddamn boat.

comparing this debt to dubya's debt:

dubya used his credit cards to buy groceries because he spent his cash to pay his cocaine dealer.

obama is using his credit cards to get himself a clean suit and go looking for a job. sorta. more like, to set up a lemonade stand in the corner.

by providing a guarantee that contractors will be paid, this has the potential to put money back in circulation thus restoring the public trust in the economy. i say potential, because the shithole might be deeper than we realize. but doing nothing is not an option---doing nothing simply would guarantee that we're fucked for the next 10 years.

I think my guy left because he found a bigger place for cheap. my other two tenants are self-employed. we should be ok, but we are certainly not making any money. which is probably why i should go back to school ( to hopefully graduate with something that can get me an income)... because with living expenses/taxes i'm just losing money. slowly but surely

ps-

well well... more gloom...

Fed Downgrades Economic Outlook, Says Recovery to Be Slow
By Neil Irwin and Annys Shin
Washington Post Staff Writers
Wednesday, February 18, 2009; 3:07 PM

The U.S. economy is not likely to rebound until the second half of this year, and even then, the recovery is likely to be "unusually gradual and prolonged," leaders of the Federal Reserve have concluded.
In a projection released today, the Fed's policymaking arm, known as the Federal Open Market Committee, said the economy's performance over the next three years would be weaker than had been predicted just three months ago. During the committee's last meeting, a few members said it may take as long as five or six years before the economy resumes a more sustainable rate of growth, according to minutes from the January meeting.

Fed officials believe the unemployment rate will reach as high as 8.8 percent by year's end and will continue to increase through early 2010 before tapering off. The unemployment rate is currently 7.6 percent.

The central bank has moved aggressively to blunt the impact of the downturn, in part by establishing unconventional programs designed to make credit more widely available to consumers and businesses.


more

this is probably a good time to go to school. having a degree of course is no guarantee of having an income-- just ask this year's graduates.

since my clients have been drying up or going broke (i'm one of those self employed jackasses who never knows what he's making next month), i started looking for local jobs (ouch) and everything was shit except for a lot of jobs in the medical field. for which i'm not qualified.

people are always going to get sick-- death is not only recession proof, but it increases in bad times. :(

anyway, enough bitching, fuck, i'm happy i still have a few clients-- whew!!

GO BARACK GO!!!

Financially, how fucked am I going to be trying to get a student loan, apartment, job etc?

I can find out the latter two, but I'm a little ignorant about financial aid from banks.