Thread: Some stimulus

Now that the bill has passed Congress and is awaiting Obama's signature the U.S. mainstream media finally has the balls to show us the rest of the story.

Within hours of the bill's passing we learn that the G7 finance ministers are coordinating similar packages in their respective countries. It seems that the game is this - it doesn't matter if the U.S. is in insurmountable debt as long as everyone else is, too. It's as though the economists have pulled a new rule of "economic relativism" out of their asses to cover the damage that they did with easy credit, which in turn was a policy that they pulled out of their asses to cover the damage that they did with free international trade. International trade in turn was a policy that they created to experiment with a theory of global peace through global employment.

Their experiments have resulted in an unstable global economic system. Hopefully those clowns have enough math skills to damp out the oscillations before the global economy breaks into resonance and shakes apart.

IMO economists are tying to play God and they suck at it. Home is where the heart is, not in the pocketbook. My sentiment is in the words of Ron Paul -- if these corporations are too big to let fail then they are too big to exist.

Large publicly-traded corporations are unnatural beings that were created by law. They are legal fictions, Frankensteins, that we should have no qualms fucking with. They have no inherent moral compasses like sole proprietorships, partnerships, and closely-held corporations do. If the Frankensteins have gone awry and treated us like dogs then we should tackle them down, tear them up, and fertilize our small business fields with their carcasses. We should not feed ourselves to the Frankensteins to keep them going.

Grrrrrr this shit pisses me off. And we wonder why gun crime is higher in the U.S. than other civilized countries. It's not our guns or our gun laws. It's our greed and jealousy that is promulgated by these Frankensteins.

ROME, Italy (CNN) -- The world's richest countries committed to "any further action that may prove necessary" to restore confidence in the global financial system, their finance ministers said as they wrapped up a two-day meeting in Rome.


U.S. Treasury Secretary Timothy Geithner is calling on governments to help restart the flow of credit.

The Group of Seven finance ministers also urged countries not to close their markets to goods and services from abroad.

"An open system of global trade and investment is indispensable for global prosperity," they said in a statement at the end of their meeting Saturday.

"Protectionist measures ... would only exacerbate the downturn" in the worldwide economy.

The ministers said the global banking crisis had revealed "fundamental weaknesses in the international financial system" and called for urgent reform.

New U.S. Treasury Secretary Timothy Geithner, making his international debut at the meetings, called on governments to focus on stabilizing and strengthening financial systems and help restart the flow of credit.

"Although the precise mix of measures must be tailored to each country's situation -- our financial systems are different, [the] structures of our systems are very different -- there is a common recognition of more capital and government financing to help restart credit markets," he said.

Italy hosted the meeting in its role as G-7 president for 2009. G-7 members includes the United States, Germany, Japan, France, Italy, Britain and Canada.

The agenda drawn up by Rome calls for adopting global measures and economic policy reforms capable of stabilizing the world economy and ensuring transparency to allow markets to function correctly. Watch CNN correspondents on the impact of job losses around the world »

Geithner spoke just after the U.S. Senate gave final approval late Friday to a $787 billion recovery package to boost the U.S. economy. He told attendees that the package "provides a very powerful mix of investments and tax cuts to create jobs and to strengthen our long-term growth potential."

"As we act together to build a strong foundation for economic growth and recovery, we need to begin the process of comprehensive reform of our financial system, so that we never again face a crisis of this severity," Geithner said.

Another attendee, International Monetary Fund Managing Director Dominique Strauss-Kahn, said he supports such stimulus packages for advanced countries.


"The question is no more to convince the governments to move today, but for them to implement the policies they need to manage," Strauss-Kahn said.

He also warned of the dangers of protectionism, which he said may still come "through the back door, especially in the financial sector."

This just in:

President Obama has signed the Stimulus Bill. It's now law.

Originally Posted by CNN

President Obama signs a $787 billion stimulus bill he calls "the most sweeping economic recovery package in our history."

Should've burned the money... :3