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The voters want jobs. What helps create jobs, obviously not tax cuts. The jobs that have been created are due to the Stimulus, and there needs to bve much more of it. Even more directly, perhaps, with a CCC or WPA type program.
Maybe that's why we got so little bang for the buck with ARRA - too much of it was tax cuts. And now we're wasting another $100B on the payroll tax cut. And obama wants to extend it through the election, er, I mean through 2012! When will he realize that tax cuts obviously don't create jobs???
Needed a bigger shovel! Hard to come down from 10 plus UE.
You don't find it ironic that those evil rich people are "hogging $1.6 trillion dollars" just a couple of years after the enactment of the shovels-not-quite-ready stimulus package?
Maybe that's why we got so little bang for the buck with ARRA - too much of it was tax cuts. And now we're wasting another $100B on the payroll tax cut. And obama wants to extend it through the election, er, I mean through 2012! When will he realize that tax cuts obviously don't create jobs???
Or, letter Q:
Quote:
But rebalancing will upend lots of assumptions, in the United States and around the world, about American economic resilience and its importance for other countries. This transition is not a product of poor decisions or myopic political leadership -- though leaders of both parties in Washington have offered plenty of both in recent years. This is a structural shift, one that has been decades in the making. Resistance is futile. Adapting to its impact can help Americans, and everyone else, thrive in the era to come.
As soon as you accept that we can move on and not one second earlier. You're not going to tax yourself into prosperity if the entire shift in the world is literally "sharing your wealth" and it happened through free markets. The only way to stop it is through wars, maybe. Good luck with that.
You don't find it ironic that those evil rich people are "hogging $1.6 trillion dollars" just a couple of years after the enactment of the shovels-not-quite-ready stimulus package?
Connect the dots, la la la.
It's not complicated. Money is on the sidelines waiting for demand to dictate expanding employment.
It's not complicated. Money is on the sidelines waiting for demand to dictate expanding employment.
Guess connecting the dots is too hard for you.
In Keynesian theory you push the throttle to accelerate money into the hands of the people to create demand.
Now how silly does that sound knowing your wealth is literally being sucked away as fast as you get it and you're in a consumer economy.
The people that have money got it because of that not circular motion of capital roughly from the idiotic to intelligent. (I guess we can see that as a form of evolution)
And no stimulus possible will stop that. The equilibrium is coming back in order.
In other words, your Keynesian theory is making the rich, richer and just blowing money like there's no tomorrow, literally.
So then you get on the tax the rich bandwagon and go in the exact opposite direction the rest of the world is going.
In case you can't see it free markets and low tax rates are only going to speed up the process and you raising them is self delusional. You're going to get there one way or another and kicking and screaming isn't helping anything out.
Quote:
Second Law of Thermodynamics Heat cannot be transfer from a colder to a hotter body. As a result of this fact of thermodynamics, natural processes that involve energy transfer must have one direction, and all natural processes are irreversible. This law also predicts that the entropy of an isolated system always increases with time. Entropy is the measure of the disorder or randomness of energy and matter in a system. Because of the second law of thermodynamics both energy and matter in the Universe are becoming less useful as time goes on. Perfect order in the Universe occurred the instant after the Big Bang when energy and matter and all of the forces of the Universe were unified.
In Keynesian theory you push the throttle to accelerate money into the hands of the people to create demand.
Now how silly does that sound knowing your wealth is literally being sucked away as fast as you get it and you're in a consumer economy.
The people that have money got it because of that curiously circular motion of capital roughly from the idiotic to intelligent. (I guess we can see that as a form of evolution)
In other words, your Keynesian theory is making the rich, richer.
So then you get on the tax the rich bandwagon and go in the exact opposite direction the rest of the world is going.
In case you can't see it free markets and low tax rates are only going to speed up the process and you raising them is self delusional. You're going to get there one way or another and kicking and screaming isn't helping anything out.
Maybe that's why we got so little bang for the buck with ARRA - too much of it was tax cuts. And now we're wasting another $100B on the payroll tax cut. And obama wants to extend it through the election, er, I mean through 2012! When will he realize that tax cuts obviously don't create jobs???
[quote]
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Originally Posted by lifelongMOgal
No surprise that a socialist would argue for the taxpayer to foot the payroll for jobs.
Yup, Obama has destroyed capitalism by passing Mitt Romney’s health care plan.
The narrative that Obama is a Socialist has been so undercut by Obama's own words, that it makes anyone still pedaling that nonsense look both silly and uninformed.
Obama sounds like a Republican:
“Government has to start living within its means, just like families do. We have to cut the spending we can’t afford so we can put the economy on sounder footing, and give our businesses the confidence they need to grow and create jobs.” --- President Obama
Quote:
Originally Posted by C.C
Maybe that's why we got so little bang for the buck with ARRA - too much of it was tax cuts. And now we're wasting another $100B on the payroll tax cut. And obama wants to extend it through the election, er, I mean through 2012! When will he realize that tax cuts obviously don't create jobs???
You really can’t speak from both sides of your mouth. Obama wanted no tax-cuts in the ARRA but Republicans threatened to veto the whole thing unless there were large tax-cuts in it. Obama couldn’t have gotten anything more.
What you are implying is that Republicans wasted 40% of the ARRA on tax-cuts. I couldn’t agree more.
Where I fault Obama is accepting that and then saying that it was exactly what was needed, which it wasn’t. Paul Krugman sums it up:
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To those defending Obama on the grounds that he’s saying what he has to politically, I have two answers. First, words matter — as people who rallied around Obama in the first place because of his eloquence should know. Yes, he has to make compromises on policy grounds — but that doesn’t mean he has to adopt the right’s rhetoric and arguments. The effect of his intellectual capitulation is that we now have only one side in the national argument.
Second, since Obama keeps talking nonsense about economics, at what point do we stop giving him credit for actually knowing better? Maybe at some point we have to accept that he believes what he’s saying.
The question then is why. As I’ve tried to show many times, the facts overwhelmingly refute the anti-Keynes talking points. Neither the invisible bond vigilantes nor the confidence fairy have made an appearance. So why is Obama talking up those talking points?
OK, here’s an unprofessional speculation: maybe it’s personal. Maybe the president just doesn’t like the kind of people who tell him counterintuitive things, who say that the government is not like a family, that it’s not right for the government to tighten its belt when Americans are tightening theirs, that unemployment is not caused by lack of the right skills. Certainly just about all the people who might have tried to make that argument have left the administration or are leaving soon.
And what’s left, I’m afraid, are the Very Serious People. It looks as if those are the people the president feels comfortable with. And that, of course, is a tragedy.
Update: To commenters saying that I need to have dinner with the president, or vice versa — been there, done that, didn’t help.
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