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Message
Popping of Bubble Economy
Posted on 9/9/14 at 11:13 am
Posted on 9/9/14 at 11:13 am
What are the political ramifications of the party in charge when the economic bubble finally pops?
Will both parties continue the borrow, print, spend strategy and just hope the cliff comes up when the other party is driving the car?
Will both parties continue the borrow, print, spend strategy and just hope the cliff comes up when the other party is driving the car?
8
Posted on 9/9/14 at 11:16 am to bamafan1001
The bubble has already popped several times in the past 15 years.
Posted on 9/9/14 at 11:16 am to bamafan1001
quote:
Will both parties continue the borrow, print, spend strategy
That's been the plan since at least 1980 anyway.
Posted on 9/9/14 at 11:17 am to Jim Rockford
quote:
The bubble has already popped several times in the past 15 years.
Not the government debt/inflation bubble
Posted on 9/9/14 at 11:47 am to bamafan1001
Shameless self bump. I don't think this topic gets its due diligence on this site, especially considering its actual importance.
Posted on 9/9/14 at 11:49 am to bamafan1001
quote:
Will both parties continue the borrow, print, spend strategy and just hope the cliff comes up when the other party is driving the car?
Seems like the most likely outcome.
Posted on 9/9/14 at 11:51 am to bamafan1001
quote:
Will both parties continue the borrow, print, spend strategy and just hope the cliff comes up when the other party is driving the car?
Yep. The blueprint for what to do after a bubble is to cry out that government must do something (ie: give people more money through public assistance programs) while blaming the opposition part for the dilemma.
Never let a good crisis go to waste.
Posted on 9/9/14 at 11:53 am to bamafan1001
Media dubbed Ted Cruz the devil for attempting to expose Washington's fiscal shenanigans.
Posted on 9/9/14 at 12:02 pm to Jay Quest
Ok lets assume the following scenario:
Rand Paul wins the next Presidential election and shortly afterward cans the Fed chair and slows money printing.
Stocks fall off the map, interest rates skyrocket, and inflation immediately takes off to the tune of 100+%.
Ill assume that government programs will start being cut which will skyrocket unemployment.
Will the American people be naïve enough to believe that Paul and conservatives caused the collapse?
Rand Paul wins the next Presidential election and shortly afterward cans the Fed chair and slows money printing.
Stocks fall off the map, interest rates skyrocket, and inflation immediately takes off to the tune of 100+%.
Ill assume that government programs will start being cut which will skyrocket unemployment.
Will the American people be naïve enough to believe that Paul and conservatives caused the collapse?
Posted on 9/9/14 at 12:04 pm to bamafan1001
quote:
Will the American people be naïve enough to believe that Paul and conservatives caused the collapse?
Yes, you know they will
Posted on 9/9/14 at 12:05 pm to bamafan1001
Yes, until the shameless progressive cheerleaders in the media expose the real villains (PROGRESSIVES - PARTY DOES NOT MATTER)!
Posted on 9/9/14 at 12:19 pm to Jay Quest
quote:
Media dubbed Ted Cruz the devil for attempting to expose Washington's fiscal shenanigans.
If the man didn't act like a jackass, he might be taken seriously.
Posted on 9/9/14 at 12:20 pm to 91TIGER
Look it too 40+ years to accumulate this debt so it's going to take awhile to pay it off. No President/Congress will make such drastic changes where the world economy collapses (this assumes that the President/Congress actually make good changes).
Posted on 9/9/14 at 12:20 pm to bamafan1001
Yes. Both parties are not interested in long term solutions to help the economy. All they care about is selling short term quick fixes to last until their next election, when they can offer up another quick fix.
Posted on 9/9/14 at 12:24 pm to Jay Quest
quote:
Yes, you know they will
I agree. That said, we see this coming. Its gonna be here eventually whether 1-2 years down the road or 4-5. Conservatives should have a plan
Posted on 9/9/14 at 12:25 pm to The Third Leg
quote:
If the man didn't act like a jackass
I'm not certain what he did to earn jackass status
quote:
he might be taken seriously.
He may well be the brightest individual in the senate. He should be taken seriously.
Posted on 9/9/14 at 12:28 pm to The Third Leg
quote:
If the man didn't act like a jackass, he might be taken seriously.
Which politician in DC doesn't act like a jackass to make a political point?
Posted on 9/9/14 at 12:28 pm to bamafan1001
quote:
Conservatives should have a plan
Agreed. A plan they can articulate to the electorate. That seems to be a problem with the GOP. Leadership on this issue will likely come from the Tea Party IMHO.
Posted on 9/9/14 at 12:31 pm to Jay Quest
quote:
Agreed. A plan they can articulate to the electorate. That seems to be a problem with the GOP. Leadership on this issue will likely come from the Tea Party IMHO.
IMO that's not the problem (agree that the GOP have some communication issues); the problem is Americans don't want to be taken off the Gov't teet.
Posted on 9/9/14 at 12:34 pm to Wtodd
quote:
the problem is Americans don't want to be taken off the Gov't teet.
No arguement with that assessment. And because you're right GOP leadership doesn't appear to have the guts to say and do what must be said and done.
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