Joe Louis, did America let him down?

I suppose this is the government's fault, also.

 

No, you're right it's the childs. **** children.

 

There are so many flaws I don't know where to begin. If I thought that anything I could say would stick I would take the time to respond but it's clear that you are just too far gone. Your accusations and assumptions just made things go in senseless circles. Nothing you have said is backed by a fact or statistic, yet because you have an unemployed neighbor who brings home a case of beer, you feel everybody on unemployment should be cut off. Great logic you have there.

 

No, the way to get out of this, is for the USA to spend, spend, spend. Liquidity (capital) is not the issue, as proven when trillions of $'s, £'s and Euros were created basically from thin air a matter of years ago.

Confidence is the issue, if the US consumer spent, which is proven to be the way to get out of these problems in the past, (using US hegemony), it would temporarily resolve the issue.

Then a restructuring of world economics could be put in place to try solve the issue of the massive ups and downs of the Capitalist structure that have been inflicted on us over the last 40 years...

 

You are correct in that spending is what is necessary, but I wouldn't expect Klompton to understand that. He probably believes that the currency is still backed by gold.

It's another reason why it is so important in times of recession to continue to pay unemployment for as long as the recession lasts, regardless of how long people have been collecting.

People that want to cut unemployment and other programs forget one thing - there are so many people on UE right now that have been collecting for 6 months, lets say that they all get cut off. Now you have 10 million unemployed people who have no income, now they're not spending anything. No phone bill, no car note, no mortgage (if they still have a home), and no money on eating out or grocery purchases. Now all of those businesses slow down and are bringing in less money, so they accommodate those losses by LAYING OFF MORE people, and then confidence drops further, and people SPEND LESS MONEY. That means MORE UNEMPLOYMENT, LESS SPENDING, and deeper recession or DEPRESSION.

So the fed uses monetary policy to lower interest rates to try to get people to SPEND and they don't want to borrow!

It's not difficult economics, it's very simple. People like Klompton just want to cut off their nose to spite their face. The effect that it would have on the nation as a whole if we had those narrow minded policies enforced would effect everybody, including him.

Talk about a fantasy land.

 

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In the words of the Priest, "Is there time for that?"

Oh, and for the record, my dad, functionally speaking, was black.

 

Spend spend spend. Thats a pathetic answer to the problem we are in. Spend what? The problem is people spending more than they had to begin with. That goes for the top on down. What happens when you spend more than you have: you get upside down with the credit industry. Gee, that doesnt sound familiar does it? So your answer is to flood the market with more money (i.e. devaluing the dollar) so people can spend even more than they actually have to temporarly boost markets (which is basically whitewashing a house rotten with termites) so you can buy time to then actually work on the problems inherent in the system. This what you call kicking the can down the road. It doesnt help the problem at all it just delays the inevitable. I wouldnt expect a child like carlos who arent even contributing to society. Im not saying I have all the answers like some here who claim "its so simple". Bull****, you know why its not simple? Because before it gets better its going to have to get a whole lot worse. Period. Thats why the greatest economists across the globe today cant come up with a solution because nobody wants to just say, **** it, a lot of people are going to have to get hurt, rich and poor, in order for us to set things right. Thats whats simple. Without some very drastic, very hard decisions being made, its all just window dressing and you have a lot people who have to report to share holders, and constituents who dont want to be the person steering the ship when they have to go back to those people and say "Ive got bad news, we hit a big ****ing iceberg and we will be under water in about 2 hrs."

 

The two men were products of very different sets of circumstances, not to mention personalities.

I have to envy your dad.


BTW, Liston helped Joe out, from time to time.

As did Schmeling and Marciano.

Maybe some sort of solidarity there.

 

Any Irish in you, Seamus ?

 

Do you not feel it was just (for at least a certain period of time) to correct over a century of injustice, burt?

I'd yell like a stuck pig if it was my job, 'n I had seniority, but the big picture is: Sometimes ya gotta break some eggs ta make an omelette.

 

The truth !


The key here is that it should have a limited shelf-life.

 

Now you are off on another mindless tangent.

There are 2 things to do with money. You spend it or you save it. These are simple economics man, 101 stuff. You did go to college right? You were telling us about your strife and pain of washing dishes while you attended. Perhaps you did not take a simple economics course, so I will educate you.

You either spend or save. When people are not spending, growth is halted. You are zooming in on one small piece of our economy, as you have done all along. You're like an old uneducated man who recites what he hears on fox news from Glen Beck then recites it as if it is gospel and as if you have some sort of actual knowledge of the matter.

Credit is not what has us upside down, but that's a whole other topic. So you think that we should cut unemployment and various government assistance programs and then people with money should save it. Good idea. Way to run the country right into a depression. You know why we don't do what you propose? Because it's freaking ******ed, that's why. And in case you haven't noticed, there are MANY MANY people who are suffering terribly right now so for you to say "a lot of people are going to suffer, rich and poor" they already are, oh great contributor to society.

What is happening now is a result of a government that is a bit too big, and a housing market that got out of control. Please keep going, it's amusing to read your simple minded views on what happened. Klompton 2012, you got my vote.

 

I agree, it is righting a wrong and paying restitution for the many years of injustice and inequality. There is nothing wrong with that.

 

Now this sentiment I can agree with and I can say its heart was in the right place but that its implementation is severely lacking.