tag:blogger.com,1999:blog-11636447.post6381345830726590511..comments2023-11-05T03:20:46.695-05:00Comments on The Ostroy Report: Hey Americans, You Want Economic Recovery? Spend Some Money, Dammit!The Ostroy Reporthttp://www.blogger.com/profile/04955421147082736335noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-11636447.post-13490537393955910602009-08-04T15:05:53.550-04:002009-08-04T15:05:53.550-04:00What Im saying is: The Fed WANTS debt. Thats how ...What Im saying is: The Fed WANTS debt. Thats how they survive. Ther is NO way possible for all debt to be satisfied. Its not possible. That is the way the corrupt bankers from Jekyll Island planned it and according to their plan, it is working swimmingly. Did you know The Fed is not even a government agency? Its an independent agency and Greenspan has admitted on camera that they are more powerful than Congress. They need to be shut down. Dont ask Obama to end the Fed, he'll be killed too like JFK was. Presidents have a line they cannot cross, or the people who are REALLY in charge will step in a run things accordingly.<br /><br />The president is just a puppet...a figurehead. Elections only exist to make us think we have a choice in the matter. We dont. And we havent had a choice in a LONG time. Look who our choices were 9 months ago----a black elitist and a white elitist. BIG choice there! The bankers and corporations are the REAL people in charge.Thomas Jeffersonnoreply@blogger.comtag:blogger.com,1999:blog-11636447.post-90358757366241391032009-08-04T14:44:02.348-04:002009-08-04T14:44:02.348-04:00Hey Paupers, do you know how the corrupt money sys...Hey Paupers, do you know how the corrupt money system in this country works? If all debt was paid off, there would be NO money in circulation, thanks to the criminals at the Fed.Thomas Jeffersonnoreply@blogger.comtag:blogger.com,1999:blog-11636447.post-17455864578548326972009-08-04T07:18:34.961-04:002009-08-04T07:18:34.961-04:00"What we need is a more forceful President Ob..."What we need is a more forceful President Obama encouraging consumers to loosen the purse-strings a bit."<br /><br />Jct: There isn't enough money in circulation to repay the exponentially-grown debt. New money is needed to create new jobs. Of course, those who believe inflation is too much money, Shift A, can't even imagine Shift B inflation. Google for it. <br />See my http://youtube.com/kingofthepaupers channel for info on interest-free community currencies.King of the Paupershttps://www.blogger.com/profile/14374913605730692218noreply@blogger.comtag:blogger.com,1999:blog-11636447.post-80145595596607405652009-08-04T02:24:03.168-04:002009-08-04T02:24:03.168-04:00In case you have the cajones to post my original p...In case you have the cajones to post my original post I supplied it for you again.<br /><br />""Stagflation"??? Are you serious? When a 'government', through a central bank, starts printing money like its going out of style generally it has been called hyperinflation. The source of the problem being that there are no jobs created by these actions; or the ones that are created pay so poorly people are forced further and further into poverty.<br />The 'failure' of the people to comprehend these events is the result of the sense of complaceny that they have developed in thinking that corporate/government intrests are linked to theirs, which they are not.<br />While Bernanke, Geitner, and obviously you would like us to believe that these events are, as they like to say, a "phenomenon" the truth is that there is nothing "phenomenal" or strage about it. It's like the 'law of gravity' bound by the parameters of a science. Sadly a science which justifies the greedy hoarding of a rich elite as the people that struggle to survive are slowly being starved to death.<br />It's hard to believe that the US has tens of billions of dollars to chase a dead man in a cave yet they have yet to correctly identify and remeby the terrorists that occupy the White House and Wall Street."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11636447.post-90794973373377810412009-08-03T22:21:21.326-04:002009-08-03T22:21:21.326-04:00Really, Mr. Anonymous? I'm out of touch? I run...Really, Mr. Anonymous? I'm out of touch? I run a business with 50 employees. I'm willing to bet I'm plugged into this economy--the good, bad and ugly--as much if not more than you. How many people do <em>you</em> employ (and prove it, Mr. Anonymous)? How big is <em>your</em> payroll? How much do <em>you</em> spend on health care each year? How much corporate and personal taxes do <em>you</em> pay? How many clients and competitors of <em>yours</em> have you seen go out of business...leaving you to deal with the financial fallout? I suggest you accept the fact that just because people have a different viewpoint than yours doesn't mean they're insensitive, ill-informed out out of touch.The Ostroy Reporthttps://www.blogger.com/profile/04955421147082736335noreply@blogger.comtag:blogger.com,1999:blog-11636447.post-15836813688807053092009-08-03T21:21:54.391-04:002009-08-03T21:21:54.391-04:00Sorry my friend, you are seriously out of touch wi...Sorry my friend, you are seriously out of touch with the economic situation facing much of America, nothing is going back to normal, research the subject then write the article, my Lord.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11636447.post-62470173157811242982009-08-03T20:26:35.043-04:002009-08-03T20:26:35.043-04:00I always love to see such spirited responses! That...I always love to see such spirited responses! That said, "Andy" is in the same crappy economic mess as everyone else. My business has suffered, and my personal comsumption, given greatly reduced earnings, has decreased. But, I am trtung to do my share and spend a little when/where I can. And there's a lot of people out there with jobs and good incomes who are simply just spending nothing. All I am saying is, we don;t have to be at 7% record savings levels. How about 5%? 4% That would still be fiscally prudent and yet inject some mnuch-needed capital into the economy. But if we don't spend we run the risk of perpetuating this recession. At some point we all just have to bit our lips, loosen the purse strings a little bit, and start living again, assuming that the worst is behind us. <br /><br />But for the record, I am not suggesting that people without jobs, who are living on fumes, go out and spend money.The Ostroy Reporthttps://www.blogger.com/profile/04955421147082736335noreply@blogger.comtag:blogger.com,1999:blog-11636447.post-89506814663612204942009-08-03T19:37:52.219-04:002009-08-03T19:37:52.219-04:00Andy is in the marketing business. His whole life...Andy is in the marketing business. His whole life is based on people responding to his business efforts.<br /><br />Forget about the fact that saving - thrift - is a virtue. Ask Benjamin Franklin. Forget about the fact that we are a debtor nation and our most powerful adversary is our largest creditor.<br /><br />No - we have to respond to what Andy WANTS.<br /><br />Libs seem to respond to their visceral desires rather than what is in their best interests.<br /><br />Why should Andy be any different?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11636447.post-25903150274602685422009-08-03T17:17:59.300-04:002009-08-03T17:17:59.300-04:00Look at the counter on the website. Not the viewer...Look at the counter on the website. Not the viewer counter, but the Iraq war counter. Now any questions about spending?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11636447.post-18139291538397625812009-08-03T15:27:58.640-04:002009-08-03T15:27:58.640-04:00Is this guy for real? We're all BROKE1Is this guy for real? We're all BROKE1Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11636447.post-41333872483947764952009-08-03T14:28:43.492-04:002009-08-03T14:28:43.492-04:00Our economy for the last 10 years has been expande...Our economy for the last 10 years has been expanded by increasing notional (fictitious) wealth. The man behind the curtain has been revealed and all that "money" went poof.<br /><br />There is no going back to when US consumer sales were 70% of our GNP. Energy costs and real net energy depletion will ensure that the perpetual growth economic model has no future and a new one is taking shape.brisahttps://www.blogger.com/profile/14524222766470308731noreply@blogger.comtag:blogger.com,1999:blog-11636447.post-71895683204805297572009-08-03T13:57:49.274-04:002009-08-03T13:57:49.274-04:00Ok Petey, I'd be happy to spend some money. B...Ok Petey, I'd be happy to spend some money. But, you see, mine is tied up, so I will have to use some of yours. Email me (jjrachlin@yahoo.com) and I'll give you my PO Box and you can send a check straight away. I would think anything less than $100,000,000.00 would be a waste of time, given the magnitude of the fiscal crisis.<br /><br />I will be sure to donate to your cause with some of that cash too. I would not be so ungrateful as to pass up that opportunity to return your gesture.<br /><br />I await your reply,<br /><br />American Guy With BrainAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11636447.post-8110951423942233582009-08-03T12:43:35.383-04:002009-08-03T12:43:35.383-04:00The OP must be an economic illiterate.The OP must be an economic illiterate.Economistnoreply@blogger.comtag:blogger.com,1999:blog-11636447.post-7100808370736042592009-08-03T12:41:33.301-04:002009-08-03T12:41:33.301-04:00Mr. Ostroy, this article should be retracted immed...Mr. Ostroy, this article should be retracted immediately. You predicate this whole thing on spending, yes, we know GDP is 70% consumer spending. <br /><br />And since so many people are losing jobs, the unemployment rate is all but guaranteed to continue its upward climb for at minimum 6 more months - WHY WOULD ANY SANE PERSON SPEND IN THIS ENVIRONMENT?<br /><br />Additionally, left out of course is the fact that President Obama is now sidestepping the issue of raising middle class taxes. Everyone is aware of it, so there's yet another disincentive to spend knowing you're gonna get squeezed down the line. Saving up makes total sense.<br /><br />Finally, heard of the impending CRE disaster? Commercial real estate, $3 trillion according to most estimates, about to follow its residential brother into the meltdown cesspool. Meaning another round of bank meltdowns coming soon, and this time it's the regional & community banks who stayed away from the residential circus. But they won't be deemed "too big to fail" and the carnage wrought will be worse than the subprime meltdown. <br /><br />This article is irresponsible at best, and downright treasonous at worst, Mr. Ostroy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11636447.post-40563983753220646702009-08-03T12:26:15.751-04:002009-08-03T12:26:15.751-04:00They took all the bailout money and sent it to Isr...They took all the bailout money and sent it to Israeli banks. We don't have any money. Even if we did, buying Chinese made crap is NOT going to help OUR economy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11636447.post-54358731608071565802009-08-03T12:22:25.324-04:002009-08-03T12:22:25.324-04:00What a joke. Telling us to spend the money that we...What a joke. Telling us to spend the money that we don't have.<br /><br />In case you hadn't noticed, that money you want us to spend has been stripped away from us. We're struggling to feed our families and hopefully - just maybe - keep a shelter over their heads. <br /><br />But this is a real nice try at blaming the economy on the victims instead of the criminals.<br /><br />Good work.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11636447.post-91420955764203795942009-08-03T12:08:01.583-04:002009-08-03T12:08:01.583-04:00So, Ostroy, I guess that means I can sign you up f...So, Ostroy, I guess that means I can sign you up for a couple million dollar vacation getaway home here on Maui.<br />I have to tell you that I'm truly relieved. <br />I haven't been able to find any significant work in about the last four months.<br />So, let me know when I can collect the first draw in order to employ a crew of guys and start spending for the purpose of saving our economy!......<br />Yeah, I didn't think so......<br />You're out of touch with the reality on the ground...mauicharlienoreply@blogger.comtag:blogger.com,1999:blog-11636447.post-45768670212172710932009-08-03T11:51:37.908-04:002009-08-03T11:51:37.908-04:00It's hard to spend money when you don't kn...It's hard to spend money when you don't know if your employment is going to be there next week. It's easy to scream at the consumer for tightening their belts, how about turning that eye around to the financial institutions?Richard Moorenoreply@blogger.comtag:blogger.com,1999:blog-11636447.post-36816123347725581552009-08-03T10:55:54.411-04:002009-08-03T10:55:54.411-04:00Chrysler plants working overtime
http://www.stree...Chrysler plants working overtime<br /><br />http://www.streetinsider.com/Analyst+Comments/CNBC+Reports+Some+Chrysler+Plants+Running+on+Overtime.../4837980.htmlUnknownhttps://www.blogger.com/profile/00410864482680280393noreply@blogger.comtag:blogger.com,1999:blog-11636447.post-56876427593858496292009-08-03T10:04:17.239-04:002009-08-03T10:04:17.239-04:00Beforw spending read Paul Krugman's column tod...Beforw spending read Paul Krugman's column today about Obama's siding with Wall Street and how dangerious for us that is. There is more of the same. Nothng has changed on Wall Stree.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11636447.post-77251427632453521242009-08-03T09:44:18.450-04:002009-08-03T09:44:18.450-04:00I'm a senior -- you can't be talking to me...I'm a senior -- you can't be talking to me. Soc Sec. gets no cost of living increase this year; Medicare charges have gone up; there is absolutely no return on my CD savings account so no money from there; my stocks have dwindled 65 percent; inflation has hit my grocery bill and my state is raising sales tax.Plus, everybody I deal with continues to cheat an old woman. Not only that there is the threat of increase expenditures if Obama's health plan goes through. That is, if I'm allowed to live. <br /><br />Plus, if I don't put my money under the mattress I'll feel even less secure sincd the government's financial structure is collapsing. <br /><br />I think the Dems laughed at Bush and probably rightly so. Look at the mess we're in since peoeple followed his advice.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11636447.post-17081124244100608922009-08-03T08:16:07.679-04:002009-08-03T08:16:07.679-04:00Folks without jobs have no money. Folks who still...Folks without jobs have no money. Folks who still have jobs (like me) are afraid to spend any money. My firm does not replace anyone and this year since I've been here (10 years) did no hire and summer help. Many of us wonder will we be the next to go. I must say though my firm does not lay folks off. They make it hard on you so you leave. Nice huh? Guess what? The higher ups here are all Republican!Anonymousnoreply@blogger.com