Barack Obama Is Moving to Head Off a Depression

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The chain effect of the ecomomic depression spreading all over the countries.It is a also a great problems developing countries like Nepal.To boost the downwarding ecomomic activities,Keynes Effective demand policy must be followed.

zenith sharma 7:22AM January 29, 2009

Republicans are to blame for causing the Great Depression and the current economic collapse by favoring monopolies, big business and the wealthy. These policies squeezed the masses between relatively low wages and high taxes and prices. The Federal Reserve is forced to try to maintain the standard of living by expanding the money supply, which produces unsustainable credit-driven booms. Eventually, consumers’ credit runs out, especially since the debt financing from the savings of the wealthy is at high interest rates. When markets fall, brokerage firms, that lend money on the margins (e.g., several dollars for every dollar an investor deposits), call in loans, which cannot be paid back. Banks fail as debtors default on debt.
Democrats make sure depressions continue until world war. They believe in a nationally planned economy including higher taxes on corporate profits, increased federal government control over the economy and money supply, intervention to control prices and agricultural production, complex social programs and wider acceptance of unions. Interference in the economy help cause depressions, and government efforts to prop up the economy after only makes things worse by delaying the market's adjustment. We need a new political party that favors small business, the middle class and antitrust.

Mike Holly of MN 1:21PM January 24, 2009

This country has been on the skids ever since George W. Bush was selected by the U.S. Supreme Court to be President.
For eight years he sided with the Rich and Famous, dodged the military draft and ignored the middle class.
As a result of this action, look where we are today: major banks being bailed out, housing market down the tubes, $10 Billion a month going to Iraq and still NO resolve to this fiasco, consumers unable to get a bank loan, highest home foreclousure in history, largest national debt ($14.50 Trillion) in history and the big three wanting more $$$$Billions??????
The above is just the tip of the iceberg. As President Elect Barack Obama stated many times: times will get worse before they get better.
The entire world has too much GREED FOR FINANCIAL GAIN.
It's high time that every American start pulling together to pull us out of this hole that George W. Bush dug.......

Wayne Doering of TX 4:46PM January 18, 2009

By: Jordan C. Fan, Prophet Of Environment.
I am sure that Obama's move to head off a Depression will fail. Other people's moves including my own may work. I have a very appropriate slogan for people who oppose Obama:
"Our Obligatory Objections Over Obama's Obvious Obscene Obsessions!"

Jordan C. Fan, Prophet Of Environment 9:54AM December 24, 2008

America will surely go into a depression. Nothing can or will stop this downward spiral. America will soon too go into captivity. Our econimic collapse is actually what is going to allow us to become enslaved by a foreign enemy in the very near future. This is actually prophesized in Matthew 24 - The Great Tribulation - "Jacob's Trouble."
Read "Europe and America in Prophecy." This book traces the origins and history of the Israelite people and the prophecies concerening them.

Millie of MS 11:59AM December 22, 2008

talk about closing ranks........nothing on madoff yet. you even went as far to yank the one story published. for shame!

Michael Cur of NY 6:46PM December 17, 2008

When I got to the line saying "Everybody is overindebted." I went and immersed my head in a bucket of ice water so that my brain did not explode. Mort? There are a lot of people out here that are not in over our gluttonous heads because we had to have the big screen TV and new cars and McMansion and trips to Aruba, etc., but apparently we are to be led to slaughter the same way as those that are. People that are not dependent on Wall Street shell games are the ones being forced to pay for that disaster now and I can assure you, I am not the only one that finds this grossly unfair and more than just a little bit shady.
Then I read on and saw that the financial institutions are hoarding the bailout monies for themselves and the system is no closer to returning to functionality so gee, that half a trillion already poured down the rathole? So solly, that is not going to be enough, the entire nation will be held hostage until the portfolios get fattened up again.
I went back to the bucket.
It is almost funny to see the very people that have told us all for years that less regulation was the way to go and less government interference meant a better economy for everyone now tripping over their own feet in their haste to loot the public coffers to cover the losses brought on by their own naked greed. Of course, the entertainment value of it is tempered by the mindboggling manner in which they have gutted the economy and put us all in danger.
Where are all the "let the system correct itself" people now? Where are the "free market are the best way" voices?
The government should be using its resources to protect the populace FROM these people, not bailing them out.

Dave of DE 9:04AM December 15, 2008

Obama never smiles and answers question in short choppy words.
This does not do him well when we remember how well he read the teleprompters.

mal of GA 11:56PM December 12, 2008

It cannot be repeated too often that we must find a way to unfreeze the system and get credit flowing again.
Credit is not the problem!
Our nation has needs, it has natural resources, we have an educated and skilled work force – all we need to make the economy work is money. The US is like a theater production with the actors on stage, the orchestra is warmed up and ready, people are waiting to come in, but the seats are empty because no one printed the tickets. The people who manufacture the money needed to run the economy are failing to do the job.
Privately issued money, created as debt, is not capable of providing a stable currency. The debt must be repaid with interest. A mathematical inequality. As the debt is repaid, the money is destroyed and disappears from the economy leaving a bill for the interest. If the interest is paid from the borrowed money, there is not enough money to repay the debt. The system is doomed to crash.
Only government issued money will solve our economic problems. The government can lend money like the banks. It can create new money and spend it directly into the economy, supplying money needed to pay interest on borrowed money. It can use tax legislation to fine-tune the financial system and regulate the economy.

Bill Parks of 9:54PM December 10, 2008

Our current monetary economic model, only 37 years old, (Nixon '71) is based on never ending perpetual fiat expansion.
The only way to pay for it is through inflation. Hence treasuries initial goal to buy troubled assets to prop up price.
Whats obama gonna do, confiscate gold like FDR?
Or just confiscate through inflation?
Maybe both.

Michael Curr of NY 2:02AM December 09, 2008