**NBC: More Bank Failures on the Way!!!!!!** - Page 12

ChristopherHall · #**111** 03-18-2008, 12:58 PM

Quote:

Originally Posted by RandyWayne

Good points, but the government could always do away with the Feds. They WON'T but they technically could.

Also, I was also referring more to tax policy then fiscal. Throw in energy policy for good measure.....

The government could effectively end this recession by slashing capital gains (which dramatically increases economic activity) and aggressively drilling for oil -which in turn would have the effect of popping the price-per-barrel bubble.

Actually bro I’m not convinced it would be wise to do away with the Fed now. The entire economy would have to be trashed with it. It plays too important of a role today. But we agree, it's the thing that should not be.

If we cut capital gains taxes we’d have to pass a law forcing corporate powers to take those cuts and distribute them to their employee’s through payroll to get the money into our economy. As it stands right now most companies would take the money saved and invest in foreign markets. Then the cut in capital gains taxes that you propose would end up strengthening India, China, or some economy in Europe.

If we began aggressively drilling for oil we’d have a lot of oil to refine. As you know the oil here in the US isn’t like the oil in the Middle East. More goes into refining oil found in our neck of the woods. The increased cost of aggressive drilling, refinement, and distribution could conceivably drive costs up by adding additional costs in production not drive them down.

We need to find an alternative energy source. I vote for more nuclear power. And stronger requirements for fuel efficent vehicles. Not to mention a national project dedicated to finding an alternative power source for vehicles.

ChristopherHall · #**112** 03-18-2008, 01:05 PM

Quote:

Originally Posted by DividedThigh

once again the wind bloweth, emphasis on the bloweth, lol,dt

Such are they that are born of the Spirit my dear brother.

DividedThigh · #**113** 03-18-2008, 01:07 PM

Quote:

Originally Posted by ChristopherHall

Such are they that are born of the Spirit my dear brother.

whatever, lol,dt

TRFrance · #**114** 03-18-2008, 01:11 PM

Quote:

Originally Posted by COOPER

The Feds are going to do what ever it takes to not have a repeat of the Great Depression.Let them.

They may just be postponing the inevitable.

RandyWayne · #**115** 03-18-2008, 01:11 PM

Quote:

We need to find an alternative energy source. I vote for more nuclear power. And stronger requirements for fuel efficent vehicles. Not to mention a national project dedicated to finding an alternative power source for vehicles.

I vote for more nuclear as well. MUCH more. Nuclear combined with a fleet of PLUG IN hybrids (versus the conventional ones) would do wonders for actually reducing oil use.
But aggressively drilling for more oil WOULD dramatically lower the per-barrel cost and refinery capacity has nothing to do with it as it currently stands. The current cost of 100+ a barrel is just as inflated as home prices were and some stocks during the dot com boom. Even increasing total domestic production by a couple of percent would help pop this bubble and we would see a 30-50 dollar drop in barrel price.

Digging4Truth · #**116** 03-18-2008, 01:14 PM

Quote:

Originally Posted by TRFrance

They may just be postponing the inevitable.

The more they prop up and try to circumvent the coming recession/depression the harder it will come down on us when it finally happens.

berkeley · #**117** 03-18-2008, 01:24 PM

Quote:

Originally Posted by scotty

I live in Goshen,

enough said.

egypt?

scotty · #**118** 03-18-2008, 01:26 PM

Quote:

Originally Posted by Berkeley

egypt?

biblical egypt.

berkeley · #**119** 03-18-2008, 01:29 PM

Quote:

Originally Posted by scotty

biblical egypt.

ah, k. I was thinking of a physical location.

scotty · #**120** 03-18-2008, 08:42 PM

Quote:

Originally Posted by Berkeley

ah, k. I was thinking of a physical location.

Actually it is,

Joseph settled Israel in a small plot of land within Egypt called Goshen. God brought droughts and plagues upon all the land of Egypt, the people were in a literale depression. But all that Israel had in the land of Goshen where they lived was prosperous. Crops thrived, livestock, rains fell, all was good.

Why would we be any different today? If we are Gods people living in Goshen then what have we to worry about the famine around us.

Would love to be there physically though.