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| 5/24 |
| 2008/5/1-5 [Finance/Banking, Politics/Domestic/President/Reagan] UID:49863 Activity:nil |
4/30 Youtube video on $600 stimulus check costing you -$900/year for a
$200K mortgage (assuming you're getting a stimulus check)
http://www.tickerforum.org/cgi-ticker/akcs-www?post=42476
\_ Don't worry, oil will be tax-free for a while!!! Americans
rejoice!
\_ This video is over 30 seconds, or 100x times over the threshold
of an average American's attention span, and therefore, is a
very ineffective message. Secondly, he's using 4th grade
math, which is beyond the comprehension of 90% of the Americans,
and therefore, this is a very ineffective message. Thirdly,
he's trying to persuade people using logic instead of good
looks and charm (Ronald Reagan), and therefore, this is a very
\_ JFK
ineffective message.
\- i watched about 2min of that video. it is stupid. he spends
all his time on arithmetic rather than economics. the question
is "what will be the macroeconomic effects of the 'stimulus'
plan". why dont you look for something about this by brad delong,
paul krugman, even that semi-evil, smug greg mankiw, CBO etc.
paul krugman, even that semi-evil, smug greg mankiw etc
[i am assuming in the latter 2min of the video he doesnt talk
about velocity of money, balance of payments etc]. of more
relevance to mortgages is the part of the bill relating to
conforming loans ... but again, the actual effect of changing
the conforming loan cap is complicated].if we take "well known
borderline communist" lawrence lindsay's estimate for cost of the
iraq war in 2008 [http://en.wikipedia.org/wiki/Lawrence_Lindsey]
it will add more to the deficit than the stimulus, if you use
the CBO's estimate. And of course the 2009 cost of the one time
stimulus drops dramatically ... you think the 2009 cost of the
iraq war will be <$20bn? the interest on the debt is already
more than twice the cost of the stimulus etc.
about velocity of money, balance of payments etc.] |
| 5/24 |
|
| www.tickerforum.org/cgi-ticker/akcs-www?post=42476 Every single day you see more evidence of just why *they* don't teach the Average American true economics and finance in our government indoctrination centers (those are schools, just in case you were wondering what I meant). Report This As A Bad Post Karl, I understand that your goal is to get people fired up, and you see people on TV stretching the truth (until its unrecognizable) all the time, but lets not stoop to their level. The proposed Federal budget is roughly $3T, with revenues around $2T, so it is the defecit of $1T that is causing the increase in debt service costs to rise, not just the stimulus checks. Yes, they are about 10% of the problem, but you certainly can't (as you seem to in the video) lay 100% of the blame on 10% of the problem, can you? Even if you made a video describing how a $600 check would end up costing each of us 4,500 I think your point would still be understood. The only way for the American people to stop Congress from screwing them is to ban defecit spending. Report This As A Bad Post Is it only me getting the impression from the video that these $600 checks are single and the only reason why mortgage rates went up from 5 to 6 percent? Report This As A Bad Post Mvo, they pretty much are and were. The stimulus package along with the other spending in excess of tax revenues basically doubled the deficit over the last three months. Guess what - the financed that by selling huge tranches of Treasuries, which pushed down prices, which..... Report This As A Bad Post As stupid as the checks are, I'd rather the government distribute the money evenly to the population than give it to the failed banks. It stinks worse than a sack full of *******s and I'm not going to put up with it much longer. He does a good impression of one, but only on the surface. com "Liesman holds a Masters of Science from Columbia University Graduate School of Journalism and a BA in English from the State University of New York, Buffalo." Report This As A Bad Post I shall not have my check until July given the last two digits of my number. Note how they didn't let you apply it to your 4/15/08 tax bill which would have saved them having to send it or do a direct deposit. I suppose this is like postal chess - if you don't get the checkmate in the mail soon, it turns into a stalemate. Report This As A Bad Post I would note - especially considering the above that the money to pay for the stimulus checks is still in the bank - assuming the direct deposit hasn't been pulled forward more than has been advertised. So although the deficit has not increased one dime (it will in stages through mid-july), interest rates are up 1% - not as a RESULT, but in ANTICIPATION? If you are making a case that the Bond Vigilantes are back (and overriding every other factor like flight to quality), please do so directly. Deficits have been exploding since 2002, and was even worse at other points. I think you could make an equal if not better case for inflation - the $600 check will not even make up for the increased cost of gas during the summer. Report This As A Bad Post Each and every one of us knows we can not spend more than we have. Our government knows that they can spend more than they have because they can raise taxes on us. Therefore, the government will do EVERY THING they can to keep us working and paying taxes. Our government is deep in debt, they will keep the game going until the game stops. And when it stops, war or depression or worst will come. |
| en.wikipedia.org/wiki/Lawrence_Lindsey] org/wiki/| (the | character is not permitted in page titles). This error message is also displayed when a URL pointing to a "non-local" interwiki page is encountered. org/wiki/meatball:WikiPedia will give this error, because the "meatball:" interwiki prefix is not marked as local in the interwiki table. Certain interwiki prefixes are marked as local in the table. |