who killed the economy?!?!

[richierich75 10+ year member]

I am just saying they only control the target. It is a common misconsception that they control an actual rate. It is something that irks me.



Let's pretend he is king/god/etc. Let's pretend his powers are limitless. What should he do to correct the problem? What could he have done to prevent the problem?

Yes you are correct, a common misconception that majority of people do make based on what is said - "Fed's Lower Interest Rate," you do not typically hear "Fed's Lower Target Interest Rate," you being in the field know what they are saying or what it means; I understand what you mean by saying it "doesn't have to," but when you look at it in a case by case scenario; it in fact did follow and what I said was partially correct, if you don't mind not arguing of scemantics of terminology that is.

I will be the first to admit Flip I don't know what needs to be done to correct his mistakes cause if I did I wouldn't be on the other end responding to you; as many people have said there are smarter people than me or you dealing with this; that our tax dollars are paying for and they don't even know how to "fix" the economy. They "thought" giving stimulus checks would jumpstart the economy, did it?

 

[snoopdan 5,000+ posts]

Thats it, one more thread like this and im moving to canada.

 

[grizzly 10+ year member]

Nibiru

 

[Flipx99 5,000+ posts]

It was an argument over semantics...but it is something that just irks me. I am sure if you try to master a field and people use language carelessly, it would begin to get on your nerves as well.

It certainly did not. But they are trying. They will continue to try. Unlike physics or a variety of other sciences, you can't test and experiment in economics. You try and then try to figure out why you failed, or why is was a success.

 

[Flipx99 5,000+ posts]

Thats it, one more thread like this and im moving to canada.

Are you going to Southern Showdown on saturday?

 

[richierich75 10+ year member]

It was an argument over semantics...but it is something that just irks me. I am sure if you try to master a field and people use language carelessly, it would begin to get on your nerves as well.
It certainly did not. But they are trying. They will continue to try. Unlike physics or a variety of other sciences, you can't test and experiment in economics. You try and then try to figure out why you failed, or why is was a success.

That's cool and I can understand your point; but at least I used language within the field and didn't make it up; you just didn't like the language I used.

"Trying" isn't getting us anywhere. If I went in to my boss's office and told him I was "trying" to do my job, he would tell me to go pound sand and I would be looking for a new job. Unfortunately, testing, experimenting and failing is all that this administration has done; where is the accountability?

 

[CrispedUp 10+ year member]

i killed the economy. //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

 

[Decado2 10+ year member]

All I know, is, before the war things were decent, when the war started everything snowballed!

 

[Flipx99 5,000+ posts]

"Trying" isn't getting us anywhere. If I went in to my boss's office and told him I was "trying" to do my job, he would tell me to go pound sand and I would be looking for a new job. Unfortunately, testing, experimenting and failing is all that this administration has done; where is the accountability?

Well, if you had a job where no one knew what to do, how long it would take before what you did do had an effect, how to measure the effect, etc....then I would say your boss is unreasonable.

Not trying to bail out the administration here...going to war was dumb and made no sense, but that is another story.

In order to hold someone accountable, you should measure what they have done, correct? Well, by what metric do you measure economic success?

 

[richierich75 10+ year member]

Well, if you had a job where no one knew what to do, how long it would take before what you did do had an effect, how to measure the effect, etc....then I would say your boss is unreasonable.
Not trying to bail out the administration here...going to war was dumb and made no sense, but that is another story.

In order to hold someone accountable, you should measure what they have done, correct? Well, by what metric do you measure economic success?

.

If I had that kind of job I would be working for the federal government.

typically measured by the GDP; which only measures quantity but has no input nor does it reflect the overall quality of life of the people within the economy; it is not a true barometer of economic growth or economic stability.

recession = not good economic success ( maybe not by definition, but by other "indicators" we are)

$600 billion deficit = not good economic success

falling dollar = not good economic success

 

[Flipx99 5,000+ posts]

//content.invisioncic.com/y282845/emoticons/confused.gif.e820e0216602db4765798ac39d28caa9.gif

A recession is defined by GDP. $600B deficit is fiscal policy, not monetary policy. Falling dollar not always a bad thing. Exporting firms

 

[richierich75 10+ year member]

//content.invisioncic.com/y282845/emoticons/confused.gif.e820e0216602db4765798ac39d28caa9.gif
A recession is defined by GDP. $600B deficit is fiscal policy, not monetary policy. Falling dollar not always a bad thing. Exporting firms

again, semantics. Either way you look at it this administration's fiscal and monetary policy are both for shit. again, theorizing on "not always a bad thing," well guess what; right now it is a bad thing and is only making things worse.

 

[Flipx99 5,000+ posts]

again, semantics. Either way you look at it this administration's fiscal and monetary policy are both for shit. again, theorizing on "not always a bad thing," well guess what; right now it is a bad thing and is only making things worse.

No, it is not a bad thing for exporting countries...plus the high cost of fuel and shipping are making many firms reconsider building plants in China verus the US.

I can't wait until January 20th....cuz man...we are gonna whiz bang out of recession and the economy is going to be great...not by any real metric, but the only standard that counts...richierich75s.

shakes head...

 

[mokedaddy 5,000+ posts]

No, it is not a bad thing for exporting countries...plus the high cost of fuel and shipping are making many firms reconsider building plants in China verus the US.
I can't wait until January 20th....cuz man...we are gonna whiz bang out of recession and the economy is going to be great...not by any real metric, but the only standard that counts...richierich75s.

shakes head...

//content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif Thank you sweet baby jesus for sending us Obama. He will fix this country right up and we will have smooth sailing as long as a dem is in office.

//content.invisioncic.com/y282845/emoticons/woot.gif.aaa6090e619a97b6090d16dd863c5a69.gif

 

[RangerMan Premium Member]

In my opinion...big business (corporations) in America killed the economy. The minute we started outsourcing everything to India and China, the economy began to slide dramatically. Not to mention OPEC, and the oil prices. If we want to keep America as a superpower, big business needs to wake up. To have America succeed, then we have to keep jobs here, it is that simple. Its not Greenspan, its not interest rates...it boils down to business ethics. Businesses need to realize that saving a few bucks by outsourcing is going to bite everyone in the *** in the long run. Just my opinion though.