Aren't you glad we're in a "recovery"?

[tw]

Originally Posted by classicman

They also said that the unemployment wouldn't go above 9% if we passed the stimulus package. Its 10.2% today.

Many 'theys' said lots of things. Which ‘theys’ did Limbaugh quote?

We know stimulus packages averted a complete economic meltdown - a complete lockup of the financial system because nobody could trust anyone's spreadsheets. Nobody knew who was and was not about to go bankrupt. Slowly, we are finally learning who the scumbags have been for most of the past decade. Fortunately we did not have to learn this sooner and the hard way.

Next step is to pay for things such as Mission Accomplished, massive corporate welfare, and for funds borrowed overseas. That means selling off parts of America. Well GM is not trying to use government welfare to not sell off Opel/Vauxhall and other capital assets. That means worse times for more Americans as interest payments on our debts only increases. Suddenly major parts of America (ie Saturn, Pontiac, Saab, etc) have no value - cannot be sold to anyone. So where does the money come from to pay back that borrowed $700 billion?

Jobs are a lagging factor. Finance mismanagement in 1929 caused job losses in 1933. We can expect criminally negligent mismanagement both in industry and in government back in the 2000s to create massive job losses even in 2012 - four years after 2008. That is how economics works. Same time frames and lessons from history say we will all suffer diminished standards of living in future years due to lies that justified 'Mission Accomplished', et al.

Obama accurately warned us when he took office. We will be paying for that gross and intentional mismanagement for most if not all of the next ten years. We must sell off America to pay down debts intentionally created mostly by corruption and lies before 2009.

Currently another $700 billion is floating around inside the American economy making short term 'goodness'. What happens when that money must be repaid with interest? Numerous things singly or in combination can occur including inflation, stagflation, dropping dollar, and fire sales of our capital infrastructure to the world. Last time this happened, Japanese citizens owned more than half of Hawaii. What will we sell off this time? How far must the dollar drop to diminish your income?