How Obama Betrayed America (generations, politician, government, support)
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There is not enough money to even pay for that. Do the math. Most of the money is pure pork, and does not create a single new job directly. This will go down as the largest fleecing of taxpayer dollars ever. Guaranteed.
No. The "largest fleecing of taxpayer dollars ever" is the war in Iraq and subsidies to oil companies. Trillions.
No, not God, he was just a better choice compared to McCain.
We had to put up with Bush for eight years. So I give President Obama credit for trying to clean up Bush's leftover mess. Unlike you and many others, I'm not able to predict the future, so I'll just wait for President Obama's Stimulus Plan to pass the Senate and those results before making judgment.
Plus, I don't recall anyone calling it socialism as Bush was spreading the money among the wealthy, his partners, and maybe himself. It wouldn't surprise me if Bush didn't create a condition so that he could walk away with a few billions at the end of his Presidency. How crazy was it that Bush wanted Paulson to have total control over $700B! For some, it makes Obama a much better choice.
Yes, he was treated with "God-like" immunity by the Press and blatant adoration. The normal due diligence applied to candidates was skipped in the rush to anoint an an attractive image that made unrealistic promises.
Second, I didn't state I was able to predict the future. I said wait two years and we will see who is right. However, I believe it will be too late to reverse the damage. I have formed my opinion based upon what excessive government control has done in the past and in other countries, i.e. 3 million strike to close down transportation & healthcare in France last week.
Third, bashing Bush as a refutation of my post is irrelevant. I didn't say I agreed with Bush's economic policies. I certainly didn't agree with the initial bailout, especially doling out money with no quality assurance checks. However, the road to Socialism was not initiated by BUSH alone. It was a compact between Bush AND Congress. This is a great part of the problem.
You can celebrate Bush's exit, but it doesn't excise the cancer. Congress is still there, and they believe that increased meddling is the solution.
Finally, your post, like many others is an example of being distracted from real issues. I contend that most people voted for Obama or McCain based upon personality and style NOT policy. Other than a temporary increase in employment due to government largess, Obama's policies will not stimulate a vibrant economy. Small business growth and market demand are the key to restoring some balance in this country. Capitalism is still more effective, despite thieves like Madoff, Thain, etc. However, now you are back to the essence of the collapse. It wasn't business growth. It was the inability, or intentional disregard by Congress, the SEC, Fannie Mae, etc, all extensions of Government that allowed theft. Giving out money as opium to buy votes.
So, my point is that while Liberals and Conservatives, Democrats and Republicans are calling each other names, you are losing your freedom.
To reiterate, Obama seems like a nice person, but the history of economic systems suggests his POLICIES will not work.
3.9 million jobs that are temporary, $10 an hour and for digging ditches and laying concrete and political campaigning? That's going to save the economy Saganista?
First of all, this isn't a plan to save the economy, it's a plan to address and try to control a crisis that people who think like you did us the favor of creating on our behalf. Thanks a lot. Otherwise, when was the last time you saw 3.9 million people working without supervisors. Without managers. Without payroll staff. Without program analysts. Without directors. Go ahead...tell the boys and girls that you're naive enough to believe that 3.9 million people will simply be handed a shovel and sent out to just go dig whatever and wherever they will...
Its a big fat freakin bill of pork. If you want velocity then he should do what dubya did and send us all checks
Quote:
Originally Posted by saganista
First of all, this isn't a plan to save the economy, it's a plan to address and try to control a crisis that people who think like you did us the favor of creating on our behalf. Thanks a lot. Otherwise, when was the last time you saw 3.9 million people working without supervisors. Without managers. Without payroll staff. Without program analysts. Without directors. Go ahead...tell the boys and girls that you're naive enough to believe that 3.9 million people will simply be handed a shovel and sent out to just go dig whatever and wherever they will...
LOL, is that how it scores. And you're lapping all this up why? Do you just sit there and ingest everything they put in front of you. Are blinders a requirement in DC
Well, those scores have a number of flaws in them. Neither the 1.3 nor the 3.9 should be taken as any kind of fixed number. What is much more valid is the relationship between the two numbers. Since they are scored on exactly the same basis, the idea that the House bill has just about triple the job creation potential of the Republican alternative is a pretty reliable number.
No blinders needed, but in my case at least, an expertise in developing and working with exactly these sorts of analyses is very much a requirement.
Yes, when one person buys something it puts that money into someone else's hand. Fine. But if that bump in sales happens for just one week, so what.
What happens after a week? Is that when people start deciding to set $600 apiece on fire? Instead of spending it, does everyone go out and bury $600 in the back yard? Those are the only ways to wipe out the effect, you know. As long as the money keeps moving it keeps creating demand and jobs. Of lots of different kinds.
Quote:
Originally Posted by SeekTruth
Innovation is about creating new medicines, nano-technology, new treatments, new solutions, etc.
So your answer to an urgent economic crisis is to invent new medicines and achieve radical new breakthroughs in nanotechnology? Gee. I just can't imagine why you are the one and only person in the country who thinks that might work.
Do you really think QuickieMarts are going to start hiring thousands of people and pay them $50,000 a year for years on end because a bunch of poor people went in one week and bought an extra pack of cigarettes and beer?
For God's sake, see if you're static little brain is able to absorb the concept of a dynamic world. Repeat after me: And then what? And then what? And then what? And then what?
My grandmother owns loads of private stock purchased long before there was such a thing as a mutual fund or 401K. To a large extent she lives on the dividends of these investments. Increasing capital gains tax will force her and others like her to sit on their pocket book.
She doesn't pay any capital gains taxes on dividends. She pays ordinary income tax, and if they are qualified dividends, at reduced rates.
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Originally Posted by bryan61
Obama is going after the very people he says he wants to help. He lied, that is unethical and dispicable
It was a bi partisan [MOD CUT] in housing. We will recover.
Well, whichever party, it was the work of a lot of people who were believers in laissez-faire free-market capitalism.
Quote:
Originally Posted by bryan61
The guy in his Escalade opening and closing his wallet will have a bigger impact on "velocity" than affording the bum a new apartment and a pound of ground beef.
That's not how it works out. In part because Mr. Escalade is slower to spend his money, and in part because the higher up the income pyramid you go, the fewer people there are at each succeeding level.
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