-"Congress gave 62 billion in aid while the real cost is 300 billion"
Perhaps this is because the Gov. thinks private citizens should give the rest voluntarily instead at the tip of the sword... but more likely the 62 billion is just the first installment, since we don’t KNOW the full costs yet.
-“the economy has been living on government money. More specifically occupation and terrorism money from congress.”
The economic recovery (GDP has grown ~3.5+%/year for ~2.5 years) is very broad based and not at all confined to the defense or “occupation” industries (look at BEA data) … It is probably true that some portion of the recovery has come from government spending. But remember that if the government has to borrow the money, then real interest rates should go up (or at least be higher than they otherwise would have been) and if they tax people for the money, then people have less money for spending and investing, both of which fuel growth.
-“That is why defense contractors are preparing for layoffs next year…”
Interesting… I’m an aerospace engineer, and I have many aerospace friends in various companies – and none of them have told me they are worried about layoffs. But it could be true…
-“No more congressional handouts will lead to a double dip recession.”
This is entirely possible. But there are a lot of factors that could collude to produce a second recession (for example higher interest rates leading to falling/stagnating house prices, or higher gas prices…
that are not under congress’ control.
-“The NASDAQ has been in the shitter since 2000. It is still down 60%. that means american technology is falling behind.”
That’s not what it means at all. It means that NASDAQ (they are not ALL American) companies are more fairly valued at today’s valuation and that there was an asset bubble in 2000… Perhaps you remember lots of unprofitable dotcoms having a higher market value than profitable “old-school” companies (like General Mills).
-“If you need to tell yourself lies to get by fine, but expect people around you think you're nuts.”
Exactly.
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