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Forums - General - GDP Shrinks by 6.1% in Q1

Kasz216 on 30 April 2009
akuma587 said:
Kasz216 said:
akuma587 said:
Illegal immigrants and their offspring are the only reason the U.S. is actually growing in population. Otherwise, our growth rate would actually be negative.

Is that really a bad thing?

 

From an economic growth standpoint...yes.  It is much easier to grow your GDP if you have a larger workforce and more people spending money in your country.  You are actually hurting your country's economic growth with harsh immigration policies (assuming obviously that you aren't already supersaturated like China).

This is another reason I find the Republican Party's stance on immigration kind of confusing.  It is anti-business.

It's not really there stance.  They've got a split stance on that one... and aren't likely to change it any time soon.

 



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akuma587 on 30 April 2009

True, but they were the ones who prevented any kind of immigration reform from getting done last time it came around.

But frankly, the whole debate was taken from the wrong perspective and they tried to pass all of these things in one large bill. It probably would have been easier to take all these separate things on individually than to do it all at once. But there may be the votes in Congress to do it now, ESPECIALLY if Republicans are sincere about their promise to try and broaden the party. It remains to be seen if they follow through on that.



We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls.  The only thing that really worried me was the ether.  There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke

It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...."  Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson

TheRealMafoo on 30 April 2009
SamuelRSmith said:
There seems to be this assumption that having a big ca deficit will lead to a sudden crash in an economy. It won't. In fact, a country can continue to have economic growth even with this deficit.

 

A deficit does not stop growth. In fact it can help it. Having debt is not the problem. Having debt that you can not pay, is.

It's the same thing that happened in the housing market all over again. Buy more then you can afford, and when it all comes due, refinance with the new higher value of your house (or country in this case).

The reason people got thrown out on the street, is because there house stopped going up in value, and they had nothing to borrow against. This is what's happening now to our country. It's no longer worth more then it was last year. In fact, it might take a decade before it's worth more then it was 2 years ago.

So what do you do? The only way left to deal with it is one of two things. Collect more money. or spend less. We can't collect much more then we are (vs GDP), and we are unwilling to spend less (in fact we are spending a whole lot more).

This leaves only one thing left to do. Print money. if you can only collect around 20% of the money in circulation and you need more, increase the amount in circulation.

So if, for example, the government doubles the amount of money in circulation, it can collect twice as much and pay the bills.

The problem with this, is the money you earn becomes worth half of what it used to be, and bad things start happening to the poor when you do that.

If you want to help the poor... stop spending so much fucking money.



Tyrannical on 30 April 2009
akuma587 said:

From an economic growth standpoint...yes.  It is much easier to grow your GDP if you have a larger workforce and more people spending money in your country.  You are actually hurting your country's economic growth with harsh immigration policies (assuming obviously that you aren't already supersaturated like China).

This is another reason I find the Republican Party's stance on immigration kind of confusing.  It is anti-business.

Because it hurts black people economically. The US has an obligation to its black citizens, and traditionally their middle class only improves in times of war or when we have shortages of immigrant labor.

Though you have mentioned in the past that you feel blacks are genetically inferior due to forced slave breeding. A view I would recommend you reevaluate if you plan on pursuing a law career.

 



Yet, today, America's leaders are reenacting every folly that brought these great powers [Russia, Germany, and Japan] to ruin -- from arrogance and hubris, to assertions of global hegemony, to imperial overstretch, to trumpeting new 'crusades,' to handing out war guarantees to regions and countries where Americans have never fought before. We are piling up the kind of commitments that produced the greatest disasters of the twentieth century.
 — Pat Buchanan – A Republic, Not an Empire