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View Diary: Warning: Swallowing the President's Bitter Pills May Cause Harsh Austerity (246 comments)

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  •  Oh priceman. (0+ / 0-)
    Just don't expect people not to call you on your BS as I just did.
    I'm disappointed.  I thought you had all these new schemes to hold Obama accountable.  I was really looking forward to hearing them, but it seems that now that the election's over, you've been reduced to calling me on my bullshit.  Well I suppose I'm flattered by the attention, but I don't think you should give up so easily.  How about a drum circle at the White House as soon as Obama even thinks about stealing grandma's Social Security benefits?
    And yes Greece ultimately would be better off if they left they defaulted, brought back the Drachma, and left the eurozone because this will happen again. Argentina defaulted in 2001 and told the IMF(which also now even agrees that austerity is a failure) to shove it and they were better off. I'm not the only one who thinks so either via Marshall Auerback.
    Better that more countries be worse off in the short-run because many years from now, Greece will be better.  And you know this because a completely different country in a completely different economic context was "better off" because they told the IMF to "shove it."

    Wow, okay.  

    Only dogshit ignorance thinks sucking income out of an economy that needs the consumption of goods and services somehow "works" as you say. Falling into recession is apparently "working" in your world.
    Well yeah.  I can understand why you're confused here.  You believe that austerity "doesn't work" because it fails to "work" as a stimulus would.  Tell me priceman, do you also believe that your car key "doesn't work" because it doesn't open your front door?  My magic 8-ball tells me "definitely yes."
    •  Done arguing with a proud ignorant fool (0+ / 0-)
      Better that more countries be worse off in the short-run because many years from now, Greece will be better.  And you know this because a completely different country in a completely different economic context was "better off" because they told the IMF to "shove it."
      No, the default would probably force Portugal, Ireland, and others to do the same instead of withering on the vine which you call, "saving the eurozone." Mario Blejer, who managed Argentina’s central bank in the aftermath of the world’s biggest sovereign default, said Greece should halt payments on its debt to stop a deterioration of the economy that threatens the European Union. lol. I think he knows a little more about his "economic context" than you.

      Yeah it's the economy that threatens the eurozone as I also tried to explain to you, but "whoosh." Default because of too much debt and a failing economy is a default because of too much debt and a falling economy. Argentina's currency was pegged to the US dollar so they didn't really have control of it before they defaulted so it's really not that different when we're speaking of defaults, but I don't know why I think you care about facts so I will stop pretending that you do. It's really pathetic. And yeah, you better ignore the UK example.

      Well yeah.  I can understand why you're confused here.  You believe that austerity "doesn't work" because it fails to "work" as a stimulus would.  Tell me priceman, do you also believe that your car key "doesn't work" because it doesn't open your front door?  My magic 8-ball tells me "definitely yes."
      There is a plant watering service that consists of the public sector of watering and Private sector. Your statement to me is like magical thinking of an economy that is dying like a plant because the daily watering of that plant is cut off by the main private water source. And when those plead for more of the public watering resource to step in to compensate and save the plant because it is withering, there are those like you that say:
      "How do you know watering the plant will save it? I read some story about a plant that died because it was over-watered. IN fact I thnk we need to cut off more of the public water!"
      To which we replay to look at it! It's dying! Leaves are falling off! It is hunched over! Plants need water to live like economies need money circulated to function, you fool! This is basic demand side economics!

      So that's the metaphor, not your dumbass car/house key metaphor. lol.

      It does no good to argue with someone whom is proud of not knowing these things. Like I said, just don't expect not to be called on it.

      I don't negotiate grand bargains with deficit terrorists!

      by priceman on Fri Nov 16, 2012 at 01:58:54 PM PST

      [ Parent ]

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