Obamanomics fails because it's supposed to, just like FDR Depression

Discussion in 'Politics' started by CrusaderFrank, Aug 4, 2011.

  1. CrusaderFrank
    Offline

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,210
    Thanks Received:
    14,906
    Trophy Points:
    2,210
    Ratings:
    +36,953
    It's no surprise to me that the US economy continues to cough, sputter and wheeze. What did you think would happen when you copy play for play the EXACT steps FDR used to preside over an economy worse than the 7 Biblical Lean Years?

    Deficit spending and a centrally planned economy have only brought despair and ruin to the vast majority. That's what Obama wanted and got.

    Case in point: Government control and regulation. The main reason the FDR Depression lasted so long was because it was supposed to. Both FDR and Obama issued massive regulation all in an effort to control and centrally plan the economy, terrorizing business in the process.

    Here's an article that in the midst of what appears to the the beginning of a Double Dip, Obama is issuing business strangling regulation at a staggering clip

    "Many House and Senate conservatives are reviving their battle against federal regulations, claiming that the president hasn't stopped issuing job-killing rules during the debt ceiling fight. "While Washington and Americans have been focused on the debt ceiling, the Obama administration has continued to roll out more crushing red tape," said a spokesperson for Wyoming Republican Sen. John Barrasso, who's been championing the regulation fight."
    Report: Obama Administration Added $9.5 Billion in Red Tape in July - US News and World Report

    That's why Obama, ObamaCare and FinReg must get piled on the ash heap of history after Nov 2012
     
    • Thank You! Thank You! x 1
    Last edited: Aug 4, 2011
  2. The Rabbi
    Offline

    The Rabbi Diamond Member

    Joined:
    Sep 16, 2009
    Messages:
    67,619
    Thanks Received:
    7,821
    Trophy Points:
    1,840
    Location:
    Nashville
    Ratings:
    +18,214
    I assume you meant "piled", not "oiled."
    Easy mistake to make.

    ANyway, there are two views here.
    The first, like you, says that Obama's failures are part of some plot to destroy America and remake it into a Eurosocialist state. I think that's Rush Limbaugh's thesis.

    The second is that he is merely incompetent and surrounded by boobs.

    Generally I hold with the maxim of "Never attribute to malice what can easily be attributed to simple stupidity."
    Let's look at it. Obama has zero experience running anything except his mouth. He was never engaged in making money, only spending other people's. His advisors are all academics who also have limited experience in business. He comes in with an agenda of "fairness" which generally holds that business is both the source of all evil and the source of all solutions since they are the breadwinners. Thus you can press businesses for money and behavioral changes and it won't have any effect on their profitability because they'll figure out some way to deal with it. That of course is wrong, as we've seen.
    No, I think we have the most clueless president since Carter, worse even, who is flayling blindly around to find a solution but cannot because it would mean discarding his core notions of the economy and society.
     
    • Thank You! Thank You! x 1
  3. Jroc
    Offline

    Jroc יעקב כהן Supporting Member

    Joined:
    Oct 19, 2010
    Messages:
    19,213
    Thanks Received:
    6,244
    Trophy Points:
    390
    Location:
    Michigan
    Ratings:
    +11,526
    Agreed... Obama is simply clueless I'll bet he is confused as to why all his great Ideas aren't working, Pathetic really.. how so many People can be fooled into voting for such an incompetent, base on a great campaign production "Hope and Change" which is all it was. Like a plot in a movie, not real but in the minds of the bleeding hearts that think with their emotions rather than their intellect it worked like a charm, to the countries detriment.:(
     
  4. 8537
    Offline

    8537 Senior Member

    Joined:
    Aug 23, 2010
    Messages:
    7,754
    Thanks Received:
    729
    Trophy Points:
    48
    Location:
    New England's West Coast
    Ratings:
    +729
    GDP, 1929-1936
    1929: 103.6B
    1930: 91.2B
    1931: 76.5B
    1932: 58.7B
    1933: 56.4B <-----FDR takes office.
    1934: 66.0B
    1935: 73.3B
    1936: 83.8B
     
    • Thank You! Thank You! x 1
  5. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617
    Cru you so don't know what you're talking about.

    Seriously, read a book.
     
  6. Oddball
    Offline

    Oddball BANNED Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    41,428
    Thanks Received:
    8,397
    Trophy Points:
    0
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +8,409
    It's easy to pump up GDP numbers when you count the hiring of on an army of bureaucrats, to administer and supervise a bunch of make-work.

    Unfortunately, the gubmint side of the trumped up GDP equation doesn't account for any productivity worth mentioning.
     
    Last edited: Aug 4, 2011
  7. 8537
    Offline

    8537 Senior Member

    Joined:
    Aug 23, 2010
    Messages:
    7,754
    Thanks Received:
    729
    Trophy Points:
    48
    Location:
    New England's West Coast
    Ratings:
    +729
    Wha....what? So production expanded across virtually every sector at record pace, incomes increased by 30% and the unemployment rate fell by a third...Because we hired an army of bureaucrats? Somewhere, an Austrian is crying in his schnapps.

    Impressive bureaucrats!
     
    Last edited: Aug 4, 2011
  8. Oddball
    Offline

    Oddball BANNED Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    41,428
    Thanks Received:
    8,397
    Trophy Points:
    0
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +8,409
    Also easy to do when you're running the printing presses at capacity.

    The numbers go up, but IRL productivity still staggers along.

    Look at the DOW...At about 12,000, yet the USD never bought less.
     
  9. 8537
    Offline

    8537 Senior Member

    Joined:
    Aug 23, 2010
    Messages:
    7,754
    Thanks Received:
    729
    Trophy Points:
    48
    Location:
    New England's West Coast
    Ratings:
    +729
    Productivity staggers along? That's a mathematical impossibility. Hours worked did not grow as fast as total production. Total Factor Productivity increased at a faster pace during the Depression than just about any time since.
     
  10. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    They will continue to spit all over the generation who lived through the GD.

    Those people lived it and KNEW it on the ground and could tell in their own lies what was working and what was not working.

    The people who lived in this time and fought and worked REAL hard to pull us out of this depression LOVED FDR.


    These dishonest politcal hacks will spit all over those people , you know the very people who bravely fought and won a world war for this countrys survival.
     
    • Thank You! Thank You! x 1

Share This Page