Nobel Prize Winning Conservative Economist Believes Obama Possesses Time Machine

[MaggieMae]

So the point...whether it's backed up by FACTS or not....is all that matters.

You wouldn't know a fact if you sat on one, "counselor".
The point of Becker's piece is that investment has sucked since Obama took office. It has not recovered largely because of Obama's anti business tax and regulate policies, all laid out.
Or do you think 9% unemployment is just inevitable?

9% unemployment isn't inevitable. It's caused by weak demand, a problem that you and Becker's preferred policy prescriptions would make worse. Business investment has not "sucked" during the Obama administration. In fact, business investment is higher that should be expected considering the unemployment rate. Looking at the investment/unemployment relationship between 1988 and 2008, business investment should be around 8% of GDP. It's actually between 9.5 and 10%.

Corporate profits rose 29% in 2010, the fastest growth in more than 50 years. It didn't trickle down. Business "investment" is a joke.

 

[MaggieMae]

Obama does have a time machine. He goes back and changes history all the time. He DIDN'T listen to Rev Wright. He WASN'T friends with Bill Ayers. He DIDN'T embrace Marxist ideals in college.

And above all....he keeps putting George W. Bush back in office. But only for the hard issues.

How have Ayers and Wright affected the country's economy?

 

[CrusaderFrank]

this guy for sure is a real nobel prize winner. who won, and was not "given" the award.

Just like Paul Krugman

Krugman won for the brilliant realization that "people like to but different stuff and the company that produces does NOT have to be right next door"

Wow!

shocking!

New too!

 

[CrusaderFrank]

Gary Becker, right-wing economist and winner of the 1992 Nobel Memorial Prize in Economic Sciences, makes his case for Barack Obama's time travel powers.

In addition to repeated attacks on American business, especially banks (some of the attacks on banks were well deserved), Congress passed an expensive stimulus package that did not stimulate much. The health care bill Congress passed seems likely to increase the cost to small and large businesses of providing health insurance for employees. Congressional leaders proposed high taxes on carbon emissions, large increases in taxes on higher income individuals, corporate profits, and capital gains as part of vocal attacks on “billionaires”. Many in Congress wanted to cap, or at least control, compensation of executives. Proposals were advanced to make anti-trust laws less pro-consumer, and more protective of competitors from aggressive and innovative companies. Congress passed and the president signed a financial reform bill that is a complicated and a politically driven mixture of sensible reforms, and senseless changes that have little to do with stabilizing the financial architecture, or correcting what was defective in prior regulations.

It is no surprise that this rhetoric and the proposed and actual policies discouraged business investment and slowed down the recovery.

The Slow Economic Recovery-Becker - The Becker-Posner Blog

Now, I'm sure you're asking, why would this require the President to have a time machine? Because the fall in business investment started in 2007, two years before Obama took office, and bottomed out in early 2009.

Obama does have a time machine-- Obama tried to build a bridge back to the 1930's--FDR era.

It appears that our Harvard graduate--community organizer--most intellectual President EVER didn't know that:

What took thousands of men with shovels to complete---now can be done with a couple of heavy equipment operators. What didn't require much engineering and design in the 1930's now require years of engineering and design before the 1st shovel goes in the ground.

Last week Obama stating--UH--Those "shovel ready projects--weren't as shovel ready as we thought they were."

View attachment 13777

Close the thread!

Obama is duplicating the FDR Depression and for the same reasons: prosperous people do not accept Socialism

 

[midcan5]

LOL Don't confuse the righties on the board, they are sill waiting for the job explosion from Bush Jr's lower taxes.

 

[The Rabbi]

So the point...whether it's backed up by FACTS or not....is all that matters.

You wouldn't know a fact if you sat on one, "counselor".
The point of Becker's piece is that investment has sucked since Obama took office. It has not recovered largely because of Obama's anti business tax and regulate policies, all laid out.
Or do you think 9% unemployment is just inevitable?

9% unemployment isn't inevitable. It's caused by weak demand, a problem that you and Becker's preferred policy prescriptions would make worse. Business investment has not "sucked" during the Obama administration. In fact, business investment is higher that should be expected considering the unemployment rate. Looking at the investment/unemployment relationship between 1988 and 2008, business investment should be around 8% of GDP. It's actually between 9.5 and 10%.

We;ve had over a trillion dollars of "stimulus" and still have weak demand. In teh Depression FDR tried the same thing with the same results.
Nine percent unemployment is caused by lack of investment by business, not demand. Teh argument "it could be worse" is a loser. Please keep using it.

 

[Polk]

You wouldn't know a fact if you sat on one, "counselor".
The point of Becker's piece is that investment has sucked since Obama took office. It has not recovered largely because of Obama's anti business tax and regulate policies, all laid out.
Or do you think 9% unemployment is just inevitable?

9% unemployment isn't inevitable. It's caused by weak demand, a problem that you and Becker's preferred policy prescriptions would make worse. Business investment has not "sucked" during the Obama administration. In fact, business investment is higher that should be expected considering the unemployment rate. Looking at the investment/unemployment relationship between 1988 and 2008, business investment should be around 8% of GDP. It's actually between 9.5 and 10%.

We;ve had over a trillion dollars of "stimulus" and still have weak demand. In teh Depression FDR tried the same thing with the same results.
Nine percent unemployment is caused by lack of investment by business, not demand. Teh argument "it could be worse" is a loser. Please keep using it.

FDR had wonderful results. Unemployment declined and output skyrocketed. The only problem was listening to the conservatives of his day and pulling back on spending in 1936. I would like to hear your explanation for what ended the depression.

The unemployment rate at this point is purely a demand issue.

 

[Polk]

Gary Becker, right-wing economist and winner of the 1992 Nobel Memorial Prize in Economic Sciences, makes his case for Barack Obama's time travel powers.



Now, I'm sure you're asking, why would this require the President to have a time machine? Because the fall in business investment started in 2007, two years before Obama took office, and bottomed out in early 2009.

Obama does have a time machine-- Obama tried to build a bridge back to the 1930's--FDR era.

It appears that our Harvard graduate--community organizer--most intellectual President EVER didn't know that:

What took thousands of men with shovels to complete---now can be done with a couple of heavy equipment operators. What didn't require much engineering and design in the 1930's now require years of engineering and design before the 1st shovel goes in the ground.

Last week Obama stating--UH--Those "shovel ready projects--weren't as shovel ready as we thought they were."

View attachment 13777

Close the thread!

Obama is duplicating the FDR Depression and for the same reasons: prosperous people do not accept Socialism

I guess Democrats in general have a time machine, with your claim that FDR traveled back in time to crash the stock market and put a quarter of the population out of work.

 

[Quantum Windbag]

Now, I'm sure you're asking, why would this require the President to have a time machine? Because the fall in business investment started in 2007, two years before Obama took office, and bottomed out in early 2009.

Those pesky facts. Darn.

You want a pesky fact?

The only people trying to link Obama to something that happened before he was president are the idiots who are arguing that a Nobel Prize winner believes in time travel.

Thank you for identifying yourself for everyone.

 

[The Rabbi]

9% unemployment isn't inevitable. It's caused by weak demand, a problem that you and Becker's preferred policy prescriptions would make worse. Business investment has not "sucked" during the Obama administration. In fact, business investment is higher that should be expected considering the unemployment rate. Looking at the investment/unemployment relationship between 1988 and 2008, business investment should be around 8% of GDP. It's actually between 9.5 and 10%.

We;ve had over a trillion dollars of "stimulus" and still have weak demand. In teh Depression FDR tried the same thing with the same results.
Nine percent unemployment is caused by lack of investment by business, not demand. Teh argument "it could be worse" is a loser. Please keep using it.

FDR had wonderful results. Unemployment declined and output skyrocketed. The only problem was listening to the conservatives of his day and pulling back on spending in 1936. I would like to hear your explanation for what ended the depression.

The unemployment rate at this point is purely a demand issue.

Ten years of high unemployment is not wonderful. Just FYI.
Keynesianism is a proven failure. Again.

 

[Polk]

Now, I'm sure you're asking, why would this require the President to have a time machine? Because the fall in business investment started in 2007, two years before Obama took office, and bottomed out in early 2009.

Those pesky facts. Darn.

You want a pesky fact?

The only people trying to link Obama to something that happened before he was president are the idiots who are arguing that a Nobel Prize winner believes in time travel.

Thank you for identifying yourself for everyone.

The bolded is what Becker does in his post.

 

[Polk]

We;ve had over a trillion dollars of "stimulus" and still have weak demand. In teh Depression FDR tried the same thing with the same results.
Nine percent unemployment is caused by lack of investment by business, not demand. Teh argument "it could be worse" is a loser. Please keep using it.

FDR had wonderful results. Unemployment declined and output skyrocketed. The only problem was listening to the conservatives of his day and pulling back on spending in 1936. I would like to hear your explanation for what ended the depression.

The unemployment rate at this point is purely a demand issue.

Ten years of high unemployment is not wonderful. Just FYI.
Keynesianism is a proven failure. Again.

The 15% unemployment in 1936 sucked, but it was significant better than the 20%+ that was occurring under your preferred policies.

 

[CrusaderFrank]

Obama does have a time machine-- Obama tried to build a bridge back to the 1930's--FDR era.

It appears that our Harvard graduate--community organizer--most intellectual President EVER didn't know that:

What took thousands of men with shovels to complete---now can be done with a couple of heavy equipment operators. What didn't require much engineering and design in the 1930's now require years of engineering and design before the 1st shovel goes in the ground.

Last week Obama stating--UH--Those "shovel ready projects--weren't as shovel ready as we thought they were."

View attachment 13777

Close the thread!

Obama is duplicating the FDR Depression and for the same reasons: prosperous people do not accept Socialism

I guess Democrats in general have a time machine, with your claim that FDR traveled back in time to crash the stock market and put a quarter of the population out of work.

Stock market crash had NOTHING NOTHING NOTHING to do with the FDR Depression

FDR was an economic Jihadist who terrified business owners while trying to centrally plan the US economy like his mentor Uncle Joe was doing in the USSR

 

[CrusaderFrank]

FDR had wonderful results. Unemployment declined and output skyrocketed. The only problem was listening to the conservatives of his day and pulling back on spending in 1936. I would like to hear your explanation for what ended the depression.

The unemployment rate at this point is purely a demand issue.

Ten years of high unemployment is not wonderful. Just FYI.
Keynesianism is a proven failure. Again.

The 15% unemployment in 1936 sucked, but it was significant better than the 20%+ that was occurring under your preferred policies.

Check the 1920/21 recession. Conservative solution crushed unemployment from 12% down to 4% in 18 months, 2 years later you could not find and unemployed person in America

Then the Progressives Hoover and FDR had their day

 

[whitehall]

What qualifies Becker as a conservative? The guy is 81 years old> Can't you Soros libs give him some slack?

 

[Polk]

What qualifies Becker as a conservative? The guy is 81 years old> Can't you Soros libs give him some slack?

Becker is part of the Chicago school and his website is co-authored with a federal judge appointed by Reagan.

 

[rdean]

Obama does have a time machine. He goes back and changes history all the time. He DIDN'T listen to Rev Wright. He WASN'T friends with Bill Ayers. He DIDN'T embrace Marxist ideals in college.

And above all....he keeps putting George W. Bush back in office. But only for the hard issues.

Now whose "rewriting" history?

 

[whitehall]

What qualifies Becker as a conservative? The guy is 81 years old> Can't you Soros libs give him some slack?

Becker is part of the Chicago school and his website is co-authored with a federal judge appointed by Reagan.

Posner's appointment by Reagan doesn't qualify him as a conservative. His quirky writings including support for the genocide of "partial birth abortion" indicates that he is a left wing liberal.

 

[C_Clayton_Jones]

LOL Don't confuse the righties on the board, they are sill waiting for the job explosion from Bush Jr's lower taxes.

Then one shouldn’t point out the fact that the recession just ended started in December 2007, a year and one month before Obama took office. Or that it was not the ‘FDR Depression,’ that was Mr. Hoover’s doing. And Mr. Coolidge. And Mr. Harding.

 

[Polk]

LOL Don't confuse the righties on the board, they are sill waiting for the job explosion from Bush Jr's lower taxes.

Then one shouldn’t point out the fact that the recession just ended started in December 2007, a year and one month before Obama took office. Or that it was not the ‘FDR Depression,’ that was Mr. Hoover’s doing. And Mr. Coolidge. And Mr. Harding.

The current downturn wasn't really a shock if you stopped to think about it. I read Galbraith's "The Great Crash, 1929" for the first time in the middle part of the decade and the parallels to that time were eerie.