quote:You're the one who said the poor wouldn't be able to buy as much as they did before if we started producing goods again.
No. If you look back, you will see that Seeweed was arguing that we should make imports economically non-viable. My response to that was that it would drive up the cost of everything, leaving the poor unable to purchase as much.
quote:The bigger point is if people had not bought so much crap in the first place and instead saved more, the financial crisis and massive unemployment wouldn't have had such a horrible impact on us.
I guess that's not completely off. However, to blame "people," is to miss the mark. All this credit came from somewhere. That somewhere is Washington DC. Sure, you can make the argument that people should have some restraint (and I would agree), but you also have to look to the source of the credit that never should have existed in the first place.
quote:my point (as is seeweed's) is we can't concentrate on that right now. The ability to borrow is still there and we still need to borrow. Having said that, I don't like it; it is just a necessary thing to do right now.
I'm not going to say you're wrong, but that's a highly debatable point. Borrowing your way to proserity is impossible, and throwing money at a problem doesn't make it go away. That's what our government is attempting right now. Not once have they addressed the systemic problems. Instead, they call for more stimulus, more unemployment, etc... They're trying to put a band-aid on a gunshot wound.