For Lovers of Symmetry (Economic Truth from China)

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I hate to say I told you so (OK, that is a lie. I LOVE to say I told you so, but I hate being right on this one), but I have said repeatedly that there is disaster coming from this tactic - hyper-inflation and currency devaluations (those in fact have started). Obama and the Democratic Congress are spending us to bankruptcy.

And no 'but the Republicans overspent, too'.

First, anytime I try to point out parallels in history on this board by Democrats, I get shouted down with cries of 'they did too is no argument'. So it isn't.

But second and mainly the current actual and attempted spending sprees are orders of magnitudes beyond the Republican Congress or Bush/Democratic Congress years, and the deficit spending is beyond any wartime spending ever, inflation adjusted or not.

They are trying to revive a system that was destroyed by the concept of cutting taxes while ballooning spending. Its an economic tactic for a problem that was already about to dissolve the country as we know it overnight. It may fail but we would now be living in a much different world if the US suddenly lost everything which is where we were when Bush started the policy that Obama has continued. To be perfectly honest I am pretty ambivalent as it will either work or it will nuke the fed reserve system which will hurt but not any worse than we were faced with and it has an added bonus of getting rid of that corrupt system and substituting it for something that actually makes rational sense. Maybe it was Reagan's plan all along, he ran on dissolving the federal reserve but backed off. Maybe he just got the gov in a habit of astronomical deficits while cutting taxes so that we would have to start all over. Either way the libertarian in me or the part of me that wants a calm future will win so I am not currently concerned but I am not a fan of the fed reserve.

Ah. I get it.

"They have to destroy the economy to save it", is what you are saying.

Or is it, "The stimulus was a success, but the economy died"?

"They have to destroy the economy to save it", is what you are saying. That is the only theory I have but this story started back in 1980 not in 2009. As for the stimulus according to the reports I have read say Bush acted because the nation was almost insolvent due to the growing crisis. Maybe they are all lying but its bipartisan. Most issues are not but that one was.

started back in 1980

Get a grip. The roots of the current crisis started near the end of the Clinton administration and the beginning of the Bush II administration with the changes in banking and lending laws.

Following your illogical ramblings maybe we can say it started with Nixon and the ending of the gold standard in 1971, or the in the Roosevelt administration and the New Deal, or possibly Lincoln and the Revenue Act of 1861. Or how about with Hamilton?

Or the REAL root of it all - banking itself, started by the Italians in the 1400's.

MagicalSkyFather has been puffing too much of his magical sky herbs lately, if you ask me.

I would back you on the end of the gold standard but I always forget that one. I am more concentrated on the national debt though which has been accumulating at such a fast clip because we have a habit of cutting taxes and growing programs which is not only childish but unsustainable. I would not take it to banking I would take it to the corporate structure built on the ideas of the Dutch system that gave us the slave trade as we know it in the US and never really changed its moral compass. I could not really make a valid argument though as both are real problems grown out of corrupt systems. The current crisis goes back to the end of the Clinton era but the debt balloon goes back to 1980.

Actually, again you don't quite have the story right: United States Government's Budget & Debt