Economy in Recession? More Liberal Lies?, page 4

reply to post by jamie83

The only thing I will concede to you is that the democrats are utilizing economic woes to pander to the American Dream, trying to reinvigorate a sense of populism amongst the people to continue to accept the status quo which will always be governed foremost by the economy or at least to a large degree. The republicas do this in their own fashion, all the two parties do is serve to two broad ways of political thinking that has changed and been manipulated so much over history that its a convoluted mess.

The point is that the entire dichotomy is bunk. Sure certain combinations of interests make more sense on one side then the other, thats why its so crucial to have at least two parties to ensure a perfect oligarchy. The tone and general rhetoric of your posts however pander to this division, utilizing the way the status quo aligns certain interests against others (divide and conquer) to make a cheap political point.

In the end your comments show no knowledge of economics. All I see are 'charts' without any theory or knowledge to back them up. All you say is that X and Y and Z are growing, but what does that mean in the long term? How the hell does this explain the workings of the economy? Its not something you can look up in 5 minutes.

If you are as learned as you are haughty, please school me. Answer some of these questions because if you cant how can you claim the economy is healthy?

Oh and anyone can answer these 'control' questions, just ignore the tone if youre not jaime or whoever started this thread. I think if someone with a bit more knowledge of contemporary economics will be able to articulate it far better than I and it might be helpful for those browsing.

So here goes:

1.) What, specifically does the Federal Reserve do? How does it operate offensive and defensively, ie to help economy in bad times and also to ensure our prosperity in teh future? What does the federal reserve do to the integrity of a nation's currency in the long run, specifically?

2.)Did credit, finance and interest-yielding forms of capitalism dominate the world stage because of necessity, accident or a natural evolution in capitalism? Did it emerge as a solution to a previous contradiction in capitalism, certain barriers that prevented it from running smoothly? If so, how does finance capital, etc. get rid of these barriers and how might it in fact absorb them without resolving them?

3.) Credit certainly facilitates capitalism's expansion on a global scale, allowing for money to be moved quickly and easily and not to mention construction of the commons, parks public places, and the purchase of expensive things like homes or cars etc. But what are the effects of having a credit-based economy in the long term? What happens when a housing crisis like the one we just had occurs, how does it effect the credit system and thus the global economy?

I'd like you to explain all that and tie it into your incessant rhetoric of 'growth', what does 'growth' mean in an economy dominated by fictitious capital? Please back yourself up.

[edit on 1-9-2008 by kingmob68]