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Just in from Reuters:

"Republican vice presidential nominee Paul Ryan said on Friday that another round of monetary stimulus from the U.S. Federal Reserve would be a bad idea."

Are you kidding me? All they have to run on is the current level of unemployment and Ryan goes out and says he doesn't want any help. If I'm running the country, I want help from whoever can offer it, don't you?

I hope Team Obama is all over this. Let Romney/Ryan spend the next week explaining to the American people why they don't want help.

Thank you Jesus!

http://www.reuters.com/...

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Comment Preferences

  •  Ryan's stupidity begins to rival Palin's. (1+ / 0-)
    Recommended by:
    Supavash

    Seriously. A sub 3 hour marathon = I can see Russia from my house.
    Now we don't need stimulus, let the markets do it. Is it possible to be and idiot savant aat idiocy? The man is making me wonder.

    •  Ahem, if the markets were going to do it, (0+ / 0-)

      they would be doing it now, instead of hanging there waiting to see how the election comes out, and whether they can get more candy from the Rs before they do whaterver they have decided to do anyway.

  •  Conservatives Have Been Dog Whistling the Fed All (0+ / 0-)

    year to make sure they don't do anything that might help Obama's campaign.

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Fri Sep 07, 2012 at 11:03:26 AM PDT

  •  There's likely to be action from the Fed, (1+ / 0-)
    Recommended by:
    phonegery

    so I guess Ryan will have tell us why Ben Bernanke doesn't know what he's doing. That will be interesting.

    Yeah, well, you know, that's just, like, your opinion, man.

    by NMDad on Fri Sep 07, 2012 at 11:07:08 AM PDT

  •  Stimulus... (1+ / 0-)
    Recommended by:
    Supavash

    ...helps in the short term, and hurts more in the long term.

    We are slowly but surely digging a hole from which there is no escape.

    We need to get this country back to parity somehow: balanced budgets, neutral trade balance, no stimulus necessary.

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Fri Sep 07, 2012 at 11:11:15 AM PDT

    •  I hate to disagree but... (0+ / 0-)

      spending money in the right places would help.  Another Eisenhower-esque project to modernize the energy grid would be an investment that would pay dividens for years to come.  Repairing our roads and bridges and infastructure would add hundreds of thousands of jobs.  Building new transportation options, rebuilding our fire fighting fleet and national disaster readiness (with bulldozers, airplanes for dumping water, a trucking fleet with equipmment ready and on call for tornadoes, hurricanes, floods, etc...).  All of these would add jobs and if the money was spent inside of the united states, it would circulate.  Government backed home loans at 2% interest to anyone underwater or meeting specific requirements would not only help the recipients but the neighborhoods and stimulate the housing markets.

      We are not digging everyone out of the hole, just a select few. Instead of protecting us from future financial bubbles, the government has reinflated the old bubbles to create the impression of a slight recovery.  The TARP and the first stimulus were wasted on tax cuts.  The new stimulus needs to be aimed directly at good jobs and allow the money to start circulating throughout the economy.  Three things need to happen in order for the economy will recover:

      1: Enforce financial regulation and go after those involved in fraud vigorously.
      2: Let all of the Bush tax cuts expire and close all of the loop holes including taxing capital gains as income and removing the cap on Social security.
      3: Recreate all free trade agreements into fair trade agreements that include human rights, minimum wages and environmental restrictions and most of all, enforce them.

      Only a government has the resources to do all of that and unfortunately, it will cost more money to do it.  The fact is, the counrty has been wastefully giving away money to a select few for so long that it has created an economic crisis.  It's like going deep into debt with a drug addiction.  First you have to stop using and then if you are lucky enough to have some credit left over, you are going to have to spend money on a suit and some reliable transportation so you can get a job.  You cannot compare spending money on drugs and spending on recovery the same thing.  The government needs to spend more money on the right things right now or we may not have enough good credit and good will to pull ourselves up with.

      "Perhaps the sentiments contained in the following pages, are not YET sufficiently fashionable to procure them general favour..."

      by Buckeye Nut Schell on Fri Sep 07, 2012 at 12:46:46 PM PDT

      [ Parent ]

  •  is there a #takessomebrass yet? lol n/t (0+ / 0-)

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