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Old 07-06-2009, 11:13 AM
 
Location: Chicagoland
41,325 posts, read 44,971,624 times
Reputation: 7118

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California̢۪s Nightmare Will Kill Obamanomics: Kevin Hassett - Bloomberg.com

Quote:
The California morass has Democrats in Washington trembling. The reason is simple. If Obama’s health-care plan passes, then we may well end up paying for it with federal slips of paper worth less than California’s.
Years of democratic expansion of government and massive taxes on everything, has this state on the brink of ruin.

Quote:
The federal picture is so bleak because the Obama administration is the most fiscally irresponsible in the history of the U.S.
No, we do not believe a word of his rhetoric. All his assumptions, estimates, calculations, forecasts have proven terrible, undeniably wrong.

Last edited by fauve; 07-07-2009 at 11:04 PM.. Reason: copyright violation - just a few lines & a link please...
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Old 07-06-2009, 11:21 AM
 
Location: here.
1,359 posts, read 2,293,099 times
Reputation: 438
Who has the final say in California?
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Old 07-06-2009, 11:23 AM
 
551 posts, read 856,328 times
Reputation: 139
Quote:
Originally Posted by SouthCity09 View Post
Who has the final say in California?
Used to be "The People"
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Old 07-06-2009, 11:30 AM
 
9,763 posts, read 10,533,078 times
Reputation: 2052
Quote:
Everyone understands that higher spending today begets higher spending tomorrow.
Pure hogwash. Don't you extreme right-wingers like to use the business world as an example? Ever heard the phrase "You've got to spend money to make money?"

Right-wing rhetoric is so blatently dishonest, yet to a mark such as the OP, I'm sure it just instills confidence; a con-man's objective. Case in point: "Everyone understands..."

Everyone doesn't understand, but I'll tell you, OP. Aggregate demand is way down. To get the economy moving, demand must be increased. Do you know what word is synonymous with "aggregate demand?"
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Old 07-06-2009, 11:30 AM
 
Location: Charlotte, NC
3,564 posts, read 5,518,175 times
Reputation: 1497
Quote:
Originally Posted by SouthCity09 View Post
Who has the final say in California?
Californians
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Old 07-06-2009, 11:33 AM
 
Location: SW MO
23,593 posts, read 37,499,225 times
Reputation: 29337
Quote:
Originally Posted by davidmg1 View Post
Used to be "The People"
Musta been before my time and I'm in my 60s. Politics are a self perpetuating, incestuous and rather sleazy arena fraught with nepotism. They always have been.
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Old 07-06-2009, 11:34 AM
 
769 posts, read 888,172 times
Reputation: 199
Quote:
Originally Posted by nvxplorer View Post
Aggregate demand is way down.

To bad no one clued GM in on this.
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Old 07-06-2009, 11:34 AM
 
Location: Unperson Everyman Land
38,647 posts, read 26,402,642 times
Reputation: 12657
Quote:
Originally Posted by sanrene View Post
California’s Nightmare Will Kill Obamanomics: Kevin Hassett - Bloomberg.com



Years of democratic expansion of government and massive taxes on everything, has this state on the brink of ruin.



No, we do not believe a word of his rhetoric. All his assumptions, estimates, calculations, forecasts have proven terrible, undeniably wrong.

Funny thing is for as much PR as has been put out by the administration on the need for this new UHC bureaucratic leviathan, I still haven't heard a credible explanation of how it will be funded. Really can't even get a strait answer about what it will cost.
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Old 07-06-2009, 11:42 AM
 
2,229 posts, read 1,688,296 times
Reputation: 623
Quote:
Originally Posted by nvxplorer View Post
Pure hogwash. Don't you extreme right-wingers like to use the business world as an example? Ever heard the phrase "You've got to spend money to make money?"

Right-wing rhetoric is so blatently dishonest, yet to a mark such as the OP, I'm sure it just instills confidence; a con-man's objective. Case in point: "Everyone understands..."

Everyone doesn't understand, but I'll tell you, OP. Aggregate demand is way down. To get the economy moving, demand must be increased. Do you know what word is synonymous with "aggregate demand?"
This is hogwash.

Spending money, even as the federal government doesn't guarantee an economic boost. Yes, in the business world, you have to spend money to make money; but how you spend that money is more important.

As you liberals so often point out, going out giving all of the CEOs huge bonuses does nothing to improve the bottom line. Similarly, giving the poor in this County more green does nothing and that is completely Obama's objective. His policies are based completely around the poor, those people that don't drive the economic development of the nation.

You want to compare his actions to the private sector. He needs to be dedicating any money at all in areas which guarantee a return on investment. Thats the only time you should "spend money to make money". Throwing the money down the drain in some sort of poverty life support does nothing.
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Old 07-06-2009, 11:42 AM
 
Location: Unperson Everyman Land
38,647 posts, read 26,402,642 times
Reputation: 12657
Quote:
Originally Posted by nvxplorer View Post
Pure hogwash. Don't you extreme right-wingers like to use the business world as an example? Ever heard the phrase "You've got to spend money to make money?"

Right-wing rhetoric is so blatently dishonest, yet to a mark such as the OP, I'm sure it just instills confidence; a con-man's objective. Case in point: "Everyone understands..."

Everyone doesn't understand, but I'll tell you, OP. Aggregate demand is way down. To get the economy moving, demand must be increased. Do you know what word is synonymous with "aggregate demand?"
Are you able to back that up with one real world example in which a New Deal program has been successful?
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