xsited1
Agent P
Obamanomics is putting a huge strain on our economy. Can it recover? I certainly hope so. But how long will Obamanomics prolong the recession?
Poll to follow.
Poll to follow.
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How long will it take for the Economy to recover from Obamanomics?
- Thread starter xsited1
- Start date
- Aug 27, 2008
- 18,450
- 1,823
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The more he tries to stimulate the economy the more he's going to suppress any real recovery so it could take a while. I'm not going to speculate on how long it's going to take because who knows what they're going to try next. However, I will say that it's good they haven't resorted to any pronounced protectionism as Hoover did during the Great Depression.
An American "Lost Decade"?
Metternich
Federalist Farmer
The recovery will end, as soon as his investment ends.
Our welfare system wholly forgets the facts at hand, that capital must be maintained intact if the future productivity of labor is not to be impaired. That you cannot take away money, hold it for a while, and give it back expecting some sort of miracle expansion of its value. This point is made even more clear when inflation is a fact of life, and that the government more often then not replaces the liquid capital with IOUs to pay for current expenditures. Indeed, it is a impossible state of affairs in which capital that can be used to benefit and improve the country through abstinence of its use (through private holders storing it in banks, or buying capital goods that incur additional value) is merely sequestered away as IOUs, after being spent, after being taken away from people arbitrarily.
If we look at these dire indications, qualities, that insure one would cross on the other side of the street if Obamanomics comes down the way - then how about we consider accepting responsibility for our own actions? That they are actually a mistake? America has sacrificed enough of its dignity, enough of its employers, on an altar to the secular gods of social justice and economic equality. Forced religion was never built for American society much less applied at the point of a gun, equality for the only reason of indiscriminate, ambiguous benefits at the expense of our wider freedoms deserves no place in our hearts nor in our minds.
Our welfare system wholly forgets the facts at hand, that capital must be maintained intact if the future productivity of labor is not to be impaired. That you cannot take away money, hold it for a while, and give it back expecting some sort of miracle expansion of its value. This point is made even more clear when inflation is a fact of life, and that the government more often then not replaces the liquid capital with IOUs to pay for current expenditures. Indeed, it is a impossible state of affairs in which capital that can be used to benefit and improve the country through abstinence of its use (through private holders storing it in banks, or buying capital goods that incur additional value) is merely sequestered away as IOUs, after being spent, after being taken away from people arbitrarily.
If we look at these dire indications, qualities, that insure one would cross on the other side of the street if Obamanomics comes down the way - then how about we consider accepting responsibility for our own actions? That they are actually a mistake? America has sacrificed enough of its dignity, enough of its employers, on an altar to the secular gods of social justice and economic equality. Forced religion was never built for American society much less applied at the point of a gun, equality for the only reason of indiscriminate, ambiguous benefits at the expense of our wider freedoms deserves no place in our hearts nor in our minds.
Centrism'sVoice
Seceded from USMB
- Jul 8, 2009
- 813
- 58
- 28
What's Obamanomics?
Metternich
Federalist Farmer
Keynesiam, a few 'modern' (viz, backwards) touches for the cameras of the 21st Century but Keynesiam nonetheless.
What's Obamanomics?
i guess its supposed to a play off of reganomics.
- Sep 2, 2008
- 33,178
- 3,055
- 48
KittenKoder
Senior Member
From Bush to Obama ... a very long time ... they both wasted all the money we needed instead of saving it up to help keep us strong ... which means that we fell a lot more than we would have.
- Sep 2, 2008
- 33,178
- 3,055
- 48
From Bush to Obama ... a very long time ... they both wasted all the money we needed instead of saving it up to help keep us strong ... which means that we fell a lot more than we would have.
They been wasting our money a lot longer before Obama and Bush though.
KittenKoder
Senior Member
From Bush to Obama ... a very long time ... they both wasted all the money we needed instead of saving it up to help keep us strong ... which means that we fell a lot more than we would have.
They been wasting our money a lot longer before Obama and Bush though.
True, but they used the economic "crisis" fears to pump extra into their own pet projects, and because of the paranoia people let them.
- May 20, 2009
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My best guess is it will take at least a generation to rid ourselves of Obama's mistakes.
- Sep 2, 2008
- 33,178
- 3,055
- 48
True, but they used the economic "crisis" fears to pump extra into their own pet projects, and because of the paranoia people let them.
This also has been going on before Obama and Bush, LONNNNNNGGGGG before them.
KittenKoder
Senior Member
True, but they used the economic "crisis" fears to pump extra into their own pet projects, and because of the paranoia people let them.
This also has been going on before Obama and Bush, LONNNNNNGGGGG before them.
You really don't see what the problem is ... do you?Think back to when Bush was first running ... how we all already knew there was too much waste in the government ... now ... almost a decade later ... and nothing has changed.
Metternich
Federalist Farmer
Some cartoons for Obamanomics.
- Sep 2, 2008
- 33,178
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Think back to when Bush was first running ... how we all already knew there was too much waste in the government ... now ... almost a decade later ... and nothing has changed.
Of course nothing's changed because the people at the top of all the corporations, and the top two political parties do not want the status quo to change. They all fatten their pockets from their government waste while the middle/lower class suffer. All it is and has been was a bunch of false promises to lure votes. The last real fiscal President was Kennedy, so think about how long it's been since then.
I know exactly what the problem is as you can see above.
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