Is it possible to create a recession?

[dudalb]

Yeah, if the State had total control over the economy , things would be utopian. The Soviet Union showed us that.

 

[dudalb]

Completely aside from any NWO talk, I'm disappointed in Obama. I certainly feel he is better than McCain, but nonetheless he, like every other politician, is not a leader with a vision. His 'vision' is whatever is the most popular course of action at the time, and whatever will get him and keep him elected. He already broke, abandonded, or watered down many of his campaign promises and earlier beliefs. Not that he is terrible or anything. I just think he could have been so much more.

That he is not trying to turn this country into a "Social Democracy" you mean.

 

[dudalb]

Sure. They just did it.

The Republicans spent all of the money that should have gone to infrastructure and alternative energy on a war in Iraq, cut the flow of revenue into the treasury by handing their corporate sponsors huge tax breaks, encouraged the removal of our indsustrial base to parts distant and unknown and sold of big chunks of our government to people who have no clue how to run it.

This leaves a very few people with most of the actual wealth available and a growing number of people without work, thus willing to work for even less once things get a little better.

I don't believe it was entirely accidental. The GOP has long wanted to break government so that industry would have more control over the life of the country, and there is no way they copuld have done it more effectively.

Under GOP principles, such as those advocated on this forum by such persons as mhaze, those who enter the recession with the most in their pockets will begin filling them more abundantly once recovery starts, because they will be more easily to buy control of resources in the fire sale liquidation of public assets by cash-strapped local governments.

Ever get tired of the Marxist rhetoric, Lefty?

 

[drkitten]

It is the same process,

You mean, aside from the fact that in "nationalization" the government ends up owning the failed bank while under the present system private investors end up owning the failed bank?

Yes, other than the fact that it's not "nationalization" at all and is fundamentally different that "nationalization" and is never called "nationalization", you were absolutely correct that when a small bank fails it is nationalized but under a different name.

I submit that the statement "when a large bank fails, it is covered in chocolate syrup but when a small bank fails it is battered and deep fried. Same process though." is in fact a substantially more accurate description of the actual process.

 

[The_Animus]

That he is not trying to turn this country into a "Social Democracy" you mean.

I'm not sure how this has anything to do with what I said, nor why you decided to throw "Social Democracy" in there.

 

[ponderingturtle]

You mean, aside from the fact that in "nationalization" the government ends up owning the failed bank while under the present system private investors end up owning the failed bank?

Yes, other than the fact that it's not "nationalization" at all and is fundamentally different that "nationalization" and is never called "nationalization", you were absolutely correct that when a small bank fails it is nationalized but under a different name.

And who ever advocated that? What people talked about was the same process, it got labeled as nationalization to make it politically less palatable to promote giving them more money in bailouts with out any restructuring.

People do not want the goverment running banks in the long term. The problem is that no one wants to buy the banks even if they are striped of their toxic assents.

This just feels like extortion.

 

[Segnosaur]

Is it even remotely possible for the powers that be to create a recession. Why or why not?

Just wondering... when you say "create a recession", do you mean doing so openly and directly, or do you mean behind the scenes, quiet-like, so that nobody would notice?

If the powers that be didn't care about their popularity and were willing to act openly, they could:
- Greatly increase interest rates (cost of borrowing becomes higher for businesses and potential home owners)
- Increase the M1 Money supply (print more dollars), which might drive up inflation
- Restrict trade with foreign countries (fewer markets for local products, foreign products become more expensive)
- Increase taxes, and spend the money on items that don't benefit the economy. (I'm talking about totally rediculous ideas, like gold-plated highway signs, etc.)

Doing those things would likely be enough to spark a recession.

 

[Old Bob]

Man (boss) hum-an (smelly man ) mankind = kind of man, controled and exploited,poisoned dumbed down. Lied to. Sent to war for intertainment and enjoyment and inrichment of the elite. Then to make the statment that no one will believe. All the mass emotion sites at churches , oblisks, sacred architect on ley lines are extraction of emotion and energy that a higher entity feeds on. We are suckers and pagan sun god worshipers.