The best things about a recession. (1 Viewer)

[Tonthat]

Lol yeah 'cause no one's gonna save the $900 from the government. And I don't even do Economics.

I know.
government handouts =/= investment in infrastructure.

Go back and read my post.

 

[sthcross.dude]

But tax cuts don't have an immediate effect on the economy. And even then it isn't certain that people will spend that extra money. If we're in a recession people are likely to save a good portion of it anyway. At least government spending goes straight into the economy.

We shouldn't be encouraging people to spend more. That's what got us in this mess. Too much consumption and debt and not enough savings and production.

Trying to re-inflate the bubble with more credit fueled consumption is not the solution.

You need to look beyond the neo-classical bullshit that is peddled by central bankers and governments, because these flawed ideas have caused this disaster.

 

[EpicFailGuy]

I heard on the radio today that 3/4 of the last stimulus package is still in ppls bank accounts... says access economics.


so people aren't doing wha tonhat and shit are saying they are doing and spending it all, doing the opposite cause the are wary.

 

[squiresshane990]

3/4 isnt in my bank acocount cos i didnt get the cunt because im a working single white male so i dont get shit fucking cunts

but yeah. invest infrastructure you dumb cunts, because it keeps me in a job etc and shit

 

[Serius]

I wouldnt mind a national project to upgrade our roads to a decent quality like the autobahn and then lifting speed limits, at least that way we wont be traveling on the goat tracks our governments call roads.

 

[Tonthat]

I heard on the radio today that 3/4 of the last stimulus package is still in ppls bank accounts... says access economics.


so people aren't doing wha tonhat and shit are saying they are doing and spending it all, doing the opposite cause the are wary.

Alright, let's clear this up. I agree with the people here who think government handouts are stupid. I am not saying it works.

Investment in infrastructure =/= government handouts.

 

[Tonthat]

We shouldn't be encouraging people to spend more. That's what got us in this mess. Too much consumption and debt and not enough savings and production.

Trying to re-inflate the bubble with more credit fueled consumption is not the solution.

You need to look beyond the neo-classical bullshit that is peddled by central bankers and governments, because these flawed ideas have caused this disaster.

So how would tax cuts make things better?

 

[ur_inner_child]

a recession is not really that bad. its only bad for people who lose thier jobs, but if you do lose your job, all it really means is that you werent very good at what you did, thats why they fired you.

It's bad for fresh graduates who now need to compromise their pay package/hours to get into their respective industries as it has become ridiculously competitive too.

I can't say what you said was very accurate; that all redundancies are because of the person's incompetence...

It's bad for people currently in jobs, especially those who run their own business, or rely on a certain demand of goods; e.g. car shipping, or whatever.

I don't know much about finance etc, but I can definitely say that your call was pretty lame.

 

[ur_inner_child]

Yeah I'm self employed teaching/recording and I'm okay.

I know a friend of mine who owns his own recruitment company that specialises in engineering and he's pretty fucked over currently