American Needs Stimulus Not Virtue

Financial Times (FT.com) ^ | 10/4/10 | George Soros

[mrmeyer]

The Obama administration’s insistence on fiscal rectitude is dictated not by financial necessity but by political considerations. The US is not in the position of Europe’s heavily indebted countries, which must pay hefty premiums over the price at which Germany can borrow. Interest rates on US government bonds have been falling and are near record lows, which means that financial markets anticipate deflation, not inflation.

President Barack Obama is under political pressure. Americans are deeply troubled by the accumulation of public debt. The Republican opposition has been extremely successful in blaming the crash of 2008 and the subsequent recession and high unemployment on government ineptitude.

[Dr. Thorne]

One of Satan’s snivelling minions speaks: “Who needs virtue? Forget it. Kill and steal. That’s the way to success.”

[mrmeyer]

"But the crash of 2008 was primarily a failure of the private sector. US (and other) regulators should be faulted for failing to regulate. Without a bail-out, the financial system would have remained paralysed, making the subsequent recession much deeper and longer."

BARF.

[Nonstatist]

Remember: Do the opposite of the advice of this dishonest , duplicitous hedge fund manipulator and socialist control freak.

[Uri’el-2012]

The Republican opposition has been extremely successful in blaming the crash of 2008 and the subsequent recession and high unemployment on government ineptitude.

Reid and Pelosi ran the government since January 2007.

George! They are both democrats.

[mountainlion]

Without virtue we become less of a country than Mexico, Italy or Iran with all the problems they have and more. Do we want drug gangs and drug abuse? Do we want robbers on each street corner? To we want murderous gangs and totalitarian government? George Soros does.

[ShadowAce]

He oughta spend some of those billions and buy a writing course.

[Young Werther]

STIMULUS AND VIRTUE!

[Uri’el-2012]

George Soros

Virtue ?

George Soros is a Jew who sold millions of his people
to the nazis to send to the Gas Chambers.

Virtue ?

[Just A Nobody]

The Republican opposition has been extremely successful in blaming the crash of 2008 and the subsequent recession and high unemployment on government ineptitude.

The republican "opposition" has done no such thing.

Personally, I blame YOU George Soros for the crash of 2008.

Why this communist Nazi collaborator is given any place in this country, least of all on this forum, is beyond me. He is an enemy of the USA. Period!

[SumProVita]

I see NO virtue in this post at all.

[elhombrelibre]

The author, George Soros, owns Obama and much of the left.

[OCCASparky]

The Republican opposition has been extremely successful in blaming the crash of 2008 and the subsequent recession and high unemployment on government ineptitude.

And that's about the only thing he got right.

[Nonstatist]

it would have been more efficient to inject new equity into the banks but the president feared accusations of nationalisation and socialism

I believe there is a strong case for further stimulus. Admittedly, consumption cannot be sustained indefinitely by running up the national debt. The imbalance between consumption and investment must be corrected. But to cut government spending at a time of large-scale unemployment would be to ignore the lessons of history..

In other words; nationalize the private economy at the same time as you discourage personal consumption. Then we can create a government owned mirthless communist utopia while at the same time Soros the hedge fund speculator can make himself a bundle of money !! Fantastic!

[skeeter]

I'd like to see this wrinkled greedbag in his boxer shorts on a city street in Bankok holding a big sign saying "I'm George Soros". I'm betting they'll remember him.

[VRWCmember]

"But the crash of 2008 was primarily a failure of the private sector. US (and other) regulators should be faulted for failing to regulate.

what a load of crap! the financial sector is heavily regulated, and the sub-prime mortgage fiasco was primarily driven by the most heavily regulated part of the financial sector and by government intereference via Freddie, Fannie, and their incestuous government agencies. The LEAST regulated portions of the financial sector were the only parts of the financial sector that didn't crash. It was not a failure of an unregulated private sector, but rather a massive failure of government interference causing more problems than it solved.

[VRWCmember]

I see NO virtue in this post at all.

but it is kind of fun looking for it.

[Bitsy]

“Who needs virtue? Forget it.

They did forget virtue - and moral values, honor, accountability, integrity and look where we have landed. In a quagmire of a virtueless, greedy, profane, immoral, disrespectful, greedy, debase place where anything goes and everything went. We want our America back and better!

[LibLieSlayer]

no george... we need you and your ilk NOT BREATHING.

LLS

[SumProVita]

It’s not the kind of fun to be engaged in by a married, Bible-believing guy. ;-/