Things about your country that make you hang your head in shame.

[tsb247]

I'm American and i have no problem with an African-American or any other ethnicity as president, but it is sad that even though millions of citizens are complaining to the government about the recession, the government refuses to listen and only try harder to pass their laws to empty our pcokets.

Im sure that you have studied the government's stimulus package very carefully and are an economist. If not, shut up.

Ther very idea of spending a TON of money (billions of dollars) on defecit to reduce debt is a little absurd don't you think?

When money flows, an economy can grow - a stagnant market brings the whole system to a grinding halt. Rather than dumping billions into a package that may very well fall flat on its face, it would be far better to find way of encouraging the consumer, the common man, to spend their money. When the consumers are comfortable with the thought of spending their money, the system can begin to work again.

EDIT: Hence raising the GDP, and the buying power of the consumer. Private consumption is a big part of the equation.

Why is it stupid? The economy needs money sloshing around in it, money flowing, like you said. The government is flooding (parts of) it with monies. Thats what you said would stop it stagnating, so whats the problem?

Ok, back from my vacation...

The problem is that simply flooding the market with money causes inflation, thus devaluing the currency in question. Adding money only makes the problem larger while promoting the movement of money can solve the problem. More money in circulation equals less valuable money because there is more of it to be had.

I know exactly nothing about economics but I beleive devaluing a currency can be a good thing...?

It depends on the situation, but in the current economic climate, one would want their money to go as far as possible.

So, I suppose I found something else to hang my head about... How the U.S. has devalued its own currency. "Let's put TONS of money into circulation so EVERYONE can have some! YAY!" Yeah, not good economic sense.