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Please let's have a healthy discussion regardless of who you support! I vote for WRONG for some obvious reasons:
1)Stimulus plans almost ALWAYS fail!
2) Most of Obama's economic policies have been failures in the past
3) Alienating Wall Street, small business owners and raising taxes on the "rich"( more like small business owners) will probably have an adverse effect and curtail job creation.
4) Hinting socialism and biggest Government intervention when the market is freefalling is not a very smart move
It depends on how you look at it. Would the collapse of our big bloated federal government which has been unconstitutional for some time now, be so bad? If Obama and his Congress bring about the collapse of the federal government and power returns to the states, that could be a very good thing.
Disastrously in the wrong direction. It will be a complete disaster, which is already showing it's ugly head just a mere month after Obama's policies are coming to light.
Please let's have a healthy discussion regardless of who you support! I vote for WRONG for some obvious reasons:
I really wish you had been more clear.......I think you think the following are wrong
Quote:
Originally Posted by Repubocrat
1)Stimulus plans almost ALWAYS fail!
Actually just the Republican stimulus plans fail. FDR did a massive stimulus plan (where stimulus plan equals increased government spending to create employment) that, due to restrictions imposed by the GOP, did not really get the funding it needed until WWII began. But the excessive spending during WWII (and the resultant debt generated) created one of the most prosperous generations in history.
Quote:
Originally Posted by Repubocrat
2) Most of Obama's economic policies have been failures in the past
In fact, the reverse is true. Governmental spending is what has kept us out of a serious depression for 80 years or so. Prior to that, the lack of government spending allowed a major depression every 8-10 years.
Quote:
Originally Posted by Repubocrat
3) Alienating Wall Street, small business owners and raising taxes on the "rich"( more like small business owners) will probably have an adverse effect and curtail job creation.
If you provide customers, taxes will have no effect on economic growth. Again, during the WWII and post WWII era we had the upper level income tax pegged at 93%.....and we had incredible growth. Taxes appear to have little or no real effect on business. What affects business the most is the amount of effective customers there are (where "effective customer" is a person with both the desire and ability to purchase. Broke hungry people are not effective customers. Hungry people with money are.)
Catering to Wall street is not and never has been a serious concern. Wall Street follows the money without any conditions. If you create jobs on Main Street, Wall Street, seeing an opportunity to participate will be there, regardless of whether or not they are "alienated."
Quote:
Originally Posted by Repubocrat
4) Hinting socialism and biggest Government intervention when the market is freefalling is not a very smart move
In actual fact, it is probably the smartest move. However, the word "socialist" is so "pre-industrial revolution-flapper era" that it has become laughable. When the market is free falling is exactly WHEN large scale government intervention is most essential. When business is good is when we should curtail government spending. What would have been ideal, would have been when Bush was initially presented with a budget surplus, instead of giving it to corporations to move their operations overseas, had horded it, paid down our debt, and built up a reserve for the"lean times" which are around the corner for all of us all the time. That is what I do as an individual. I think that is what we should do as a nation. If I have saved all I can and have six figures in the bank and I get laid off, I am able to take my time, find a position/get new training and move on. If I spend to excess when I have excess income, when the lean times come, I become homeless. Thanks to Bush spending instead of saving, America is becoming homeless. Being conservative means you build up your cash reserves when you can. It means you do what you can to minimize expenditure. It means you live within your means. It means you do not spend savings on vacations. Bush and the GOP has not been conservative since Ike.
Please let's have a healthy discussion regardless of who you support! I vote for WRONG for some obvious reasons:
1)Stimulus plans almost ALWAYS fail!
There is no example in history that gov't spending and nationalism makes for a freer, and more productive country.
Quote:
2) Most of Obama's economic policies have been failures in the past
He hasn't had any economic policies in the past, this experiment has just begun, and it will fail us completely.
Quote:
3) Alienating Wall Street, small business owners and raising taxes on the "rich"( more like small business owners) will probably have an adverse effect and curtail job creation.
Salary caps, excessive taxation and taking of freedoms only results in the big boys taking their ball and going somewhere else to play. Gov't can not create jobs and opportunity, they can only squander the creativity and hope of entreprenuers.
Quote:
4) Hinting socialism and biggest Government intervention when the market is freefalling is not a very smart move
S&P 500 is down 11% since Obama took over, I find this statistic scary! Under normal circumnstances, the S&P would return on average 10-12% yearly. Investors obviously do not trust Obama and what if Obama wants to save his ass, he should eliminate capital gains tax temporarily or create some kind of temporary incentive for investors immediately.
It is called "the economy is in the toilet." And they are scared because their welfare checks (the ones with 000,000,000 behind the significant number) are coming to an end. If I were depending on taxpayer money and I felt I was going to have to sell my third Maserati or choose which Ferrari I had to unload, I would be depressed too............
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