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So that's different from Obama spending DOUBLE than any first year president!
But I guess it's OK when it's someone else's money...Huh?
Considering $800 billion of that is stimulus for an economy where the consumer is overleveraged and scared to spend and corporations are more interested in investing overseas than here it was money well spend. People can ****, *****, moan and cry all they want the economy would be in much worse shape than it is now if not for the stimulus.
They NEVER cut entitlements to corporations or wealthy donors. It's always the middle/working class they give the shaft to.
Kinda amazing that they can still generate so much public support.
Yeah. let's cut all those corporate entitlements then MORE companies will fire more people. Yeah, that's the way to do it. Then all those on here that keep complainning about those evil corporations can complain even more because more americans are out of work. Be careful for what you ask for.
They NEVER cut entitlements to corporations or wealthy donors. It's always the middle/working class they give the shaft to.
Kinda amazing that they can still generate so much public support.
It's rather easy. Create an idealistic image of what it means to be "An American". Wrap yourself around the flag, Christianity and the concept of "American Exceptionalism", throw out the words, "Free Enterprise" every once in while, throw in a little racism so forks feel sure that they are somehow superior to others. Appeal to people with limited intellectual curiosity, education and intelligence, and BINGO you've created concept that a substantial portion of the American people will buy into.
Considering the fact we are in an economic downturn the WORST thing to do RIGHT now is stop the government from spending money. Until consumption and business spending start to pick up again the economy will get WOSE not better. The time to cut government spending is when the economy is on solid ground NOT NOW.
When has it ever worked?
Let's say this scheme could work, it just won't work with the current crop of politicians running Washington. 0bama and the democrats keep jamming a stick in the eye of the private economy, by signing destructive legislation into law. It will not matter how much money the government spends trying to stimulate the economy, if they are busy countering their own efforts by making the future more an more uncertain, and causing more and more people to withdrawn for participating in the economy.
We don't know the full impact of 0bamaCare, the Dodd-Frank financial bill - hence the private sector refuses to risk capital, refuses to hire new employees, and cannot plan for their future.
Congress adjourned without voting on the Bush Tax plan - and we do not know what our taxes will be in January, so we cannot plan for the future.
The house passed the Waxman-Markey cap & trade bill, and the senate left without voting it down. The president has promised to sign that cap & trade bill, which will cause all energy costs to soar -hence the private sector refuses to risk capital, refuses to hire new employees, and cannot plan for their future.
We don't know the full impact of the Dodd-Frank financial reform bill - hence the private sector refuses to risk capital, refuses to hire new employees, and cannot plan for their future.
Alan Greenspan: "It is going to take years to address the unprecedented complexity of final rulemaking required in the massive Dodd-Frank bill. The inevitable uncertainty engendered will inhibit financial innovation and intermediation, and render the rules that will govern a future financial marketplace disturbingly conjectural. This is bound to have a significant impact on economic growth"
Quote:
Originally Posted by JazzyTallGuy
Don't get me wrong at some point the deficits NEED to be addressed. But addressing them NOW is going to prolong the recession. The United States Government takes in over $2 trillion a year in tax revenue. We need to stabilize and grow the economy FIRST and attack budget deficits NEXT.
We have spent around $3.5 trillion in deficit spending, do you realize how much money that is? That is $250,000 for each and everyone of the approximate 14 million unemployed. That $3.5 trillion does not even take into account the unknown amount of money the federal reserve has spent.
Last edited by Wapasha; 10-07-2010 at 03:22 PM..
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Repub agenda never changes - cut entitlement programs, fund wars and give more to the wealthy
