Obama Doesn't Have a Clue

Discussion in 'Economy' started by Meister, Apr 20, 2012.

  1. Meister
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    Meister Platinum Member Supporting Member

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    CBO estimates Obama 2013 budget will hit economic growth:

    The nonpartisan Congressional Budget Office said Friday that President Obama’s 2013 budget will hurt the economy in the long term, arguing the larger deficits it would produce would reduce the amount of capital available to businesses.

    After five years, the CBO says, the Obama proposals would reduce economic output by between 0.5 percent and 2.2 percent. The new CBO report complements a March estimate that Obama’s budget would add $3.5 trillion to deficits over 10 years compared to current law. That report did not try to capture any effects on economic growth.

    The White House, using a different baseline than CBO, has claimed its budget would reduce deficits by $3.2 trillion over 10 years.
    CBO estimates Obama 2013 budget will hit economic growth - The Hill's On The Money

    Anyone see this coming?
     
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  2. toomuchtime_
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    toomuchtime_ Gold Member

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    CBO estimates Obama 2013 budget will hit economic growth - The Hill's On The Money

    The choice is clear: four more years of Obama's failed presidency or economic growth and more jobs.
     
  3. Nova78
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    Nova78 Silver Member

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    It is to late for this Country, to many problems , to far gone-socially-financially and who knows what Else, we are doomed to be a third world Country it is not a matter of if ,it is a matter of when.

    $01e9-Obama.jpg

    $18.jpg

    $c7e8c23043ed4572b44e6ea1bab1ff06.jpg
     
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  4. jillian
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    jillian Princess Supporting Member

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    cool... raise revenues...

    oh wait...

    grover norquist would get cranky
     
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  5. KevinWestern
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    KevinWestern Hello

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    Wow, giving up already?

    The USA is a wonderful place. Right now all we need are some leaders to take the steering wheel and get us back on track, and part of achieving this goal is to drop the cynicism.

    Sure, China's on the up and up, and you can be certain that we probably won't be the singular world economic power-force anymore (naturally). But have you ever checked out China's GDP per capita lately?

    I don't think people appreciate how wonderful of a country the United States is. To give up on our nation at the first sign of trouble, and jump ship is a sad thing. Learned helplessness, I suppose.
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    Last edited: Apr 20, 2012
  6. sfcalifornia
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    sfcalifornia Silver Member

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    ....brought to us by Romney?

    No, I don't think so.

    But if he does, it will be because he flip-flopped and picked up where Obama left off.
     
  7. SniperFire
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    SniperFire Senior Member

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    We are at the tipping point, folks.
     
  8. FloridaGirl
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    FloridaGirl Member

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    I think some people just don't care, scary but true......or they are in denial....:mad:
     
  9. Trajan
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    Trajan conscientia mille testes

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    if they cut spending, I would be on board with that ( in which you mean raise taxs, yes?) , but, if there is one thing we know so far, there will be no let up in spending. We are still borrowing 40 cents of every dollar the gov. spends, we are not even close to living with in our means.
     
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  10. Trajan
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    Trajan conscientia mille testes

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    Merged
     

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