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Old 11-15-2009, 11:26 AM
 
Location: Iowa, Heartland of Murica
3,433 posts, read 5,725,982 times
Reputation: 3418

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I would like to be able to understand how Obama plans to stimulate the economy by spending more money, raising taxes, increasing energy costs through Cap and Trade and not giving small businesses any type of incentive to hire more people.I am trying to understand the mind of the "economists" behind him and I am really having a hard time.
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Old 11-15-2009, 11:36 AM
 
Location: Great State of Texas
86,068 posts, read 76,097,366 times
Reputation: 27635
I think he's floundering. A majority Democratic Congress is all over themselves with glee having a Dem President and sit there pushing their pork projects into any and all bills that pass.

We're in a heap of trouble..and only 1 year in.
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Old 11-15-2009, 11:50 AM
 
Location: Southcentral Kansas
44,884 posts, read 29,773,081 times
Reputation: 4269
Quote:
Originally Posted by Repubocrat View Post
I would like to be able to understand how Obama plans to stimulate the economy by spending more money, raising taxes, increasing energy costs through Cap and Trade and not giving small businesses any type of incentive to hire more people.I am trying to understand the mind of the "economists" behind him and I am really having a hard time.
I think that all these economic policies are pointed at taking us down the road to socialism and he wants to destroy our economy to smooth the way. I see Nancy Pelosi as a very important part of that very thing and don't think Harry Reid is smart enough to understand. BTW, I think both houses of Congress are full of Democrats who want only to establish Democrat control or they are all as stupid and uninformed about government and economy as Senators Reed, Burris, and Akaka have proven themselves to be in their support for healthcare and that they do believe that the Constitution allows the government to force people to buy health insurance.

By destroying small business they can move on to taking over the larger ones and thereby make the change to socialism they think is so good.
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Old 11-15-2009, 12:01 PM
 
69,360 posts, read 58,057,900 times
Reputation: 9372
The liberal argument for the way the stimulus was planned is
Lets give money to the poor people because they dont save money, they rush right out and spend it vs those rich/middle classh who save up so they can invest it..
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Old 11-15-2009, 12:16 PM
 
Location: Southcentral Kansas
44,884 posts, read 29,773,081 times
Reputation: 4269
Quote:
Originally Posted by pghquest View Post
The liberal argument for the way the stimulus was planned is
Lets give money to the poor people because they dont save money, they rush right out and spend it vs those rich/middle classh who save up so they can invest it..
The whole purpose of that Stimulus Law was to pay off all the necessary people that could be paid through pork and then wonder why it didn't work.

Many don't feel that way but that is ok because I won't change my mind soon.
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Old 11-15-2009, 12:22 PM
 
19,215 posts, read 13,687,969 times
Reputation: 2337
Quote:
Originally Posted by Repubocrat View Post
I would like to be able to understand how Obama plans to stimulate the economy by spending more money, raising taxes, increasing energy costs through Cap and Trade and not giving small businesses any type of incentive to hire more people.I am trying to understand the mind of the "economists" behind him and I am really having a hard time.
A financial meltdown in the USSR caused Capitalism (fascism)

A financial meltdown in the USA caused Fascism.

By design, or chance?

Inquiring minds want to know.
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Old 11-15-2009, 12:54 PM
 
Location: Midwest City, Oklahoma
8,935 posts, read 5,223,890 times
Reputation: 3062
There is nothing inherently wrong with the stimulus package in idea. The real problem with the stimulus package has been its implementation. The stated goals of the stimulus package weren't realized for many reasons.

1) The banks didn't free up credit after their infusion with cash, because they were already completely overdrawn in the first place because of a practice called "fractional reserve banking".

2) The vast majority of the stimulus money hasn't even been spent yet and it has only trickled into the economy over the last year. Why not? Well plans had to be drafted and voted on. Contractors had to put in bids for the work. It is just a very slow process.

3) The focus of the stimulus seems to be on things that are unsustainable. The truth is, the housing bubble has caused real estate prices to go up far beyond inflation and it is inevitable that real estate prices should continue to drop or stay stagnant to match their inflation adjusted real values. There needed to be more options for homeowners to renegotiate their loans and/or percentage rates.

4) The stimulus bill did practically nothing to make us more energy independent. Without energy independence, our economy will continue to struggle.

5) It did nothing to help make American manufacturing more efficient or competitive globally. It merely bailed out the car companies who were not connected directly to the housing bubble, but merely misappropriated their capital and made a bad product.

6) It causes greater national debt, which puts a burden on us through interest on the debt, gives us larger and larger debt in the future.

If you want to complain about taxes, I think you are being foolish. The government should actually create a "rainy day fund". This fund should be untouched until a recessionary period where the government can dip into it to keep from running up a deficit. Then once the recession is over, we build back up the rainy day fund. This would bring huge value to the dollar, and stabilize all the governments of the country.

Why don't we do that already? Because when we have a tax surplus the people cry for tax cuts, so the government "gives the people back their money, its not the governments money, its the peoples money." And then when there is a recession and the government is running a deficit people say "you can't raise taxes now or you'll hurt the economy more." As long as people are more worried about their own pocketbook than about the health of the country, then there will always be problems.
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Old 11-15-2009, 12:58 PM
 
Location: Great State of Texas
86,068 posts, read 76,097,366 times
Reputation: 27635
What we are seeing is the greatest transfer of wealth our history has ever known.
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Old 11-15-2009, 01:13 PM
 
Location: Midwest City, Oklahoma
8,935 posts, read 5,223,890 times
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Quote:
Originally Posted by HappyTexan View Post
What we are seeing is the greatest transfer of wealth our history has ever known.
No it is not, you obviously don't know much about history. Did you know that the top marginal tax rate was 94% during WW2 and the top marginal tax rate before that was 79%. The transfer of wealth was far more pronounced in the past. And the gap between rich and poor has been widening almost unabated since the founding of this country.
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Old 11-15-2009, 01:35 PM
 
22,173 posts, read 13,653,809 times
Reputation: 13405
Quote:
Originally Posted by Repubocrat View Post
I would like to be able to understand how Obama plans to stimulate the economy by spending more money, raising taxes, increasing energy costs through Cap and Trade and not giving small businesses any type of incentive to hire more people.I am trying to understand the mind of the "economists" behind him and I am really having a hard time.
I think you have answered your own questions. When things don't seem to make sense, they usually don't (make sense).

I think that even our liberal friends (as irrational as they are) will be unhappy with high unemployment, lower personal income, increased deficits, and a lower standard of living. All these socialist schemes sould good from a theoretical standpoint, but never work and only create chaos. Our man Obama is well on his way to being even worse than Jimmy Carter, securing his position as the worst president in US history next to Warren Harding.
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