If bad credit created the recession, isn’t it a bad idea to borrow more money to solve the credit problem?
Agent Smith asked:
We hear about all the plans to pump more money into the economy by borrowing more money. Whom are we borrowing the money from and if doing business on credit has pushed us into a hole, isn’t it going to push us further down if we try to solve the problem by borrowing more money? Isn’t it like using gasoline to extinguish the fire. Am I missing something? Please somebody enlighten me.
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We hear about all the plans to pump more money into the economy by borrowing more money. Whom are we borrowing the money from and if doing business on credit has pushed us into a hole, isn’t it going to push us further down if we try to solve the problem by borrowing more money? Isn’t it like using gasoline to extinguish the fire. Am I missing something? Please somebody enlighten me.
July 18th, 2010 at 5:51 am
Things will get worse before they get better my friend! doug
July 19th, 2010 at 8:57 pm
Yes, agreed and
What is worse is that the same people whose theories of ever expanding greed capitalism got us into this mess are the same ones with the “theories” to get us out. Expect mega-inflation by the next year. Have to noticed how food prices are going up?
And giving the banks cash for trash because they threaten to crash is just succumbing to white collar terrorist threats. teranam92
July 22nd, 2010 at 5:49 pm
No it is basic Keynesian Economics to revive an economy. Andy J
July 25th, 2010 at 8:34 am
Money money money.
It does sound like throwing good money after bad!
As the value on paper just vanished as far as stocks & shares went, it was inflated anyway - so there goes the neighbourhood.
Good bye superfunds it’s all hot air but…the bloody stock market runs the economy… and COMPANIES are as nervous as long tailed cats in a room full of rocking chairs, So WE have to prove that the PEOPLE are confident about the future by SPENDING our fingers to the bone in the PROMISE that BANKS will be confident enough to LOAN out THEIR money to BUSINESSES so that they are financial good RISKS in making a PROFIT so that they can PAY back with INTEREST those MONEYS that we are suppose to be SAVING in those banks in the first place.! Not that anyone can save now because you’ve been RETRENCHED from the workplace. So everyone is on the DOLE.
Thank God the Government has all the money.
Any clearer than that and it will disappear up it’s own fiscal POLICY! sallysart2004
July 27th, 2010 at 10:28 am
You got it right ChrisChristine
July 30th, 2010 at 1:03 pm
if you were in flames, will you think in waste of water.
the most important thing right now is our Commonwealth and nothing more.
the problem isn’t pay our borrows, even if you want or not, our president needs to fix our present, think about future, but resolve first this day.
and if the things run better tomorrow [i don't think so] we’ll solve it.
good luck. Mr Red
August 2nd, 2010 at 10:22 pm
One would think that it would be obvious, but apparently that is too intellectually deep for a majority in Congress to grasp. SCE2AUX