Verdict in on Obamanomics

[The T]

Ok, I have a problem with the word 'Obamanomics'. Economics is generally understood to concern the scientific study of the behavior of economies. I would challange anyone who claimed that they could scientificly understand the behavior of Obama.

What does science have to do with it? OBAMA loathes the private sector...and it is seen by his actions that affect the economy.

So the science of economics reduces itself to a social study of narcissim?

Ok, there is a Harvard social science Phd in here somewhere...

Hate to say it? But we are dealing with a POTUS that doesn't understand anything about the private sector other than he loathes it by his Socialist Redistributive actions.

 

[The T]

It still seems to me the best thing you can give an ailing economy is more jobs. Any policy that threatens that, such as raising taxes, oughta be ignored, at least until the economy recovers and unemployment gets back down below 7%. Spending more money just doesn't work.

I bet you all 1000 Bucks right now that if instead of spending 800 Billion on failed stimulus. The government had instead given 800 Billion dollars in small business tax breaks/Credits. The Economy would be in much better shape today. Not to mention the government would be taking in more tax dollars for it.

Could you imagine how our economy would be humming along on all cylinders if the 800 billion went into the taxpayers pockets?

It would be huge...But then the left will tell you that he's already done this...

 

[Nic_Driver]

Here's the problem. BO has absolutely zero experience in economic matters. Never ran a business, never ran a city, never ran a state. Never took economics in college. He's nothing but a political hack lawyer. Dumb ass lefties.

Never held a private sector JOB...

Really? This is your slam against Obama? After Bush bankrupt every business he ever touched, the State of Texas and then our country?

What’s the matter, Obama’s not cleaning up after him fast enough for you?

 

[boedicca]

Ok, I have a problem with the word 'Obamanomics'. Economics is generally understood to concern the scientific study of the behavior of economies. I would challange anyone who claimed that they could scientificly understand the behavior of Obama.

What does science have to do with it? OBAMA loathes the private sector...and it is seen by his actions that affect the economy.

So the science of economics reduces itself to a social study of narcissim?

Ok, there is a Harvard social science Phd in here somewhere...

Hey! He studied lots of relevant stuff at Columbia!

http://transterrestrial.com/images/ObamaTranscript.jpg

 

[percysunshine]

What does science have to do with it? OBAMA loathes the private sector...and it is seen by his actions that affect the economy.

So the science of economics reduces itself to a social study of narcissim?

Ok, there is a Harvard social science Phd in here somewhere...

Hey! He studied lots of relevant stuff at Columbia!

The country, or the university?

 

[The Rabbi]

It still seems to me the best thing you can give an ailing economy is more jobs. Any policy that threatens that, such as raising taxes, oughta be ignored, at least until the economy recovers and unemployment gets back down below 7%. Spending more money just doesn't work.

I bet you all 1000 Bucks right now that if instead of spending 800 Billion on failed stimulus. The government had instead given 800 Billion dollars in small business tax breaks/Credits. The Economy would be in much better shape today. Not to mention the government would be taking in more tax dollars for it.

I'll bet if the government had taken a 6 month vacation instead of passing all that crap we'd be seeing about 8% growth.

 

[boedicca]

So the science of economics reduces itself to a social study of narcissim?

Ok, there is a Harvard social science Phd in here somewhere...

Hey! He studied lots of relevant stuff at Columbia!

The country, or the university?

The University. Although from what I've heard, he consumed a great deal of Colombian there as well. So one could say he paid homage to the country.

 

[The Rabbi]

Demand creates jobs.

Money in the hands of people who can spend it creates demand.

With their assault on the middle class the GOP has diverted a disproportionate amount of our nation’s capital into the hands of the already wealthy...who are not spending it and not creating demand.

With every action, be it an end to unemployment benefits to holding the middle class hostage to continue their policy of wealth redistribution to the already wealthy, the GOP has shown themselves to be the enemy of the middle class. People are beginning to wake up to it now but it took the direct offensive of union labor to bring people around, the GOP is very good at deceit.

That is obviously false. That was the whole premise behind the big stimulus bills. It didnt work. You didn't read the link, did you?

 

[The Rabbi]

Hey! He studied lots of relevant stuff at Columbia!

The country, or the university?

The University. Although from what I've heard, he consumed a great deal of Colombian there as well. So one could say he paid homage to the country.

DOn't think of it as supporting their economy. Think of it as burning their fields.

 

[Charles_Main]

It still seems to me the best thing you can give an ailing economy is more jobs. Any policy that threatens that, such as raising taxes, oughta be ignored, at least until the economy recovers and unemployment gets back down below 7%. Spending more money just doesn't work.

I bet you all 1000 Bucks right now that if instead of spending 800 Billion on failed stimulus. The government had instead given 800 Billion dollars in small business tax breaks/Credits. The Economy would be in much better shape today. Not to mention the government would be taking in more tax dollars for it.

The money went to save jobs......union jobs, private and public. Pension funds. The American people were robbed to pay off the ones who carried BO to President. It's sick.

Well I didn't want to get into Detail, but if you want to go there.

Basically half the so called stimulus was actually simply given to states to prop up their failing Medicaid Funds.

And as you said, the other half was spent mostly on large Construction projects which were mostly union, and even the ones that were not were by law paid Prevailing Union Wage.(that last part I know from personal Experience, for 4 weeks I was paid 28.46 an hour to clean up a job site funded by the Stimulus as non union)

Some of the right wing talk show hosts like to call it money laundering, and they are not completely wrong. Much of that money that went to Unions, I am sure ended up, or will end up, in Democrat campaign funds by way of Union contributions.

Even calling that package "stimulus" is a joke. Unless you meant stimulate the Democrat Party coffers that is.

 

[Nic_Driver]

Demand creates jobs.

Money in the hands of people who can spend it creates demand.

With their assault on the middle class the GOP has diverted a disproportionate amount of our nation’s capital into the hands of the already wealthy...who are not spending it and not creating demand.

With every action, be it an end to unemployment benefits to holding the middle class hostage to continue their policy of wealth redistribution to the already wealthy, the GOP has shown themselves to be the enemy of the middle class. People are beginning to wake up to it now but it took the direct offensive of union labor to bring people around, the GOP is very good at deceit.

Printing (and borrowing) money to put into the hands of people doesn't create a healthy demand-supply cycle - it just creates inflation.

Really?

United States Inflation Rate

United States Inflation RateThe inflation rate in United States was last reported at 2.7 percent in March of 2011.

Now if we could just end the GOP's policy of redistributing that demand money up to the already wealthy, the ones who don't create demand, we might have a more robust economy instead of just a more stable one than we had under Bush.

 

[The Rabbi]

Demand creates jobs.

Money in the hands of people who can spend it creates demand.

With their assault on the middle class the GOP has diverted a disproportionate amount of our nation’s capital into the hands of the already wealthy...who are not spending it and not creating demand.

With every action, be it an end to unemployment benefits to holding the middle class hostage to continue their policy of wealth redistribution to the already wealthy, the GOP has shown themselves to be the enemy of the middle class. People are beginning to wake up to it now but it took the direct offensive of union labor to bring people around, the GOP is very good at deceit.

Printing (and borrowing) money to put into the hands of people doesn't create a healthy demand-supply cycle - it just creates inflation.

Really?

United States Inflation Rate

United States Inflation RateThe inflation rate in United States was last reported at 2.7 percent in March of 2011.

Now if we could just end the GOP's policy of redistributing that demand money up to the already wealthy, the ones who don't create demand, we might have a more robust economy instead of just a more stable one than we had under Bush.

You just don't listen good, do you?

 

[The T]

Here's the problem. BO has absolutely zero experience in economic matters. Never ran a business, never ran a city, never ran a state. Never took economics in college. He's nothing but a political hack lawyer. Dumb ass lefties.

Never held a private sector JOB...

Really? This is your slam against Obama? After Bush bankrupt every business he ever touched, the State of Texas and then our country?

What’s the matter, Obama’s not cleaning up after him fast enough for you?

BUSH has been gone how long? YES Bush screwed us on Domestic agenda...however? The Democrats couldn't WAIT to sign on especially after the '06 MIDTERMS...

ALL have been called on it now...And Obama isn't 'cleaning up' squat...

His policies and that of the Statist Democrats have TRIPLED Bushs' folly...

Wanna try again?

 

[Wicked Jester]

The purpose of a business is what?

That depends on who you ask.

For the business owner it's to make money, for the worker it's to have the opportunity for a job.

Right now it seems corporations are making the money but not creating the jobs.

So I reitereate: fuck 'em, they're useless.

So I guess the Hundreds of Millions of Americans they already employ mean nothing eh, Fuck em cause their not creating more jobs on demand, despite a government that puts every road block they can in their way.

strange logic.

Loony liberal, trickle up poverty logic.

 

[Nic_Driver]

Demand creates jobs.

Money in the hands of people who can spend it creates demand.

With their assault on the middle class the GOP has diverted a disproportionate amount of our nation’s capital into the hands of the already wealthy...who are not spending it and not creating demand.

With every action, be it an end to unemployment benefits to holding the middle class hostage to continue their policy of wealth redistribution to the already wealthy, the GOP has shown themselves to be the enemy of the middle class. People are beginning to wake up to it now but it took the direct offensive of union labor to bring people around, the GOP is very good at deceit.

That is obviously false. That was the whole premise behind the big stimulus bills. It didnt work. You didn't read the link, did you?

No, it's true. The GOP did try to end unemployment benefits, they did hold the middle class hostage to funnel more of our nation capital to the already wealthy, they did increase the wealth gap to never before seen levels, they did attack labor directly and it just goes on and on and on.


If the stimulus didn't work, why is the economy stable? What would be a sign to you that the stimulus DID work?

 

[Nic_Driver]

Printing (and borrowing) money to put into the hands of people doesn't create a healthy demand-supply cycle - it just creates inflation.

Really?

United States Inflation Rate

United States Inflation RateThe inflation rate in United States was last reported at 2.7 percent in March of 2011.

Now if we could just end the GOP's policy of redistributing that demand money up to the already wealthy, the ones who don't create demand, we might have a more robust economy instead of just a more stable one than we had under Bush.

You just don't listen good, do you?

I'm sorry, I thought the post I was responding to said something about driving up inflation rates...so I responded to that...clearly my bad...

Printing (and borrowing) money to put into the hands of people doesn't create a healthy demand-supply cycle - it just creates inflation

Oh my, will you look at that.

It turns out I can listen just fine but you can't read.

 

[boedicca]

Really?

United States Inflation Rate



Now if we could just end the GOP's policy of redistributing that demand money up to the already wealthy, the ones who don't create demand, we might have a more robust economy instead of just a more stable one than we had under Bush.

You just don't listen good, do you?

I'm sorry, I thought the post I was responding to said something about driving up inflation rates...so I responded to that...clearly my bad...

Printing (and borrowing) money to put into the hands of people doesn't create a healthy demand-supply cycle - it just creates inflation

Oh my, will you look at that.

It turns out I can listen just fine but you can't read.

You believe the official inflation rate?

It understates food and excludes energy inflation. It overweights housing, which is depressed right now. And it does an deflationary adjustment for "technological improvements".

Using the 1980 method, inflation is actually running closer to 10%.

Alternate Inflation Charts

 

[Wicked Jester]

Demand creates jobs.

Money in the hands of people who can spend it creates demand.

With their assault on the middle class the GOP has diverted a disproportionate amount of our nation’s capital into the hands of the already wealthy...who are not spending it and not creating demand.

With every action, be it an end to unemployment benefits to holding the middle class hostage to continue their policy of wealth redistribution to the already wealthy, the GOP has shown themselves to be the enemy of the middle class. People are beginning to wake up to it now but it took the direct offensive of union labor to bring people around, the GOP is very good at deceit.

That is obviously false. That was the whole premise behind the big stimulus bills. It didnt work. You didn't read the link, did you?

No, it's true. The GOP did try to end unemployment benefits, they did hold the middle class hostage to funnel more of our nation capital to the already wealthy, they did increase the wealth gap to never before seen levels, they did attack labor directly and it just goes on and on and on.


If the stimulus didn't work, why is the economy stable? What would be a sign to you that the stimulus DID work?

The economy is stable?.........Are you fucking kidding?

S&P just downgraded this country for the first time in history, due to the fact that our economy is not stable, spending is outta control, we can't pay our bills, we are a serious credit risk, we are not worth investing in, and this president is as clueless as it gets.....Christ man, Obama didn't even have a clue as to the reprecussions of S&P's downgrade.

We are screwed!

I just love listening to the damn Obamabots trying to claim the economy is fuckin' stable.

 

[Nic_Driver]

BUSH has been gone how long? YES Bush screwed us on Domestic agenda...however? The Democrats couldn't WAIT to sign on especially after the '06 MIDTERMS...

ALL have been called on it now...And Obama isn't 'cleaning up' squat...

His policies and that of the Statist Democrats have TRIPLED Bushs' folly...

Wanna try again?

Did you want to make up your mind? Your the one who said the problem was Obama, "Never held a private sector JOB...", in agreement with Jack Fate 's "Here's the problem. BO has absolutely zero experience in economic matters. Never ran a business, never ran a city, never ran a state. Never took economics in college. He's nothing but a political hack lawyer. Dumb ass lefties"

I know it's hard for you neo-cons but try to stay on topic...at least between two of your own posts.

 

[The Rabbi]

Demand creates jobs.

Money in the hands of people who can spend it creates demand.

With their assault on the middle class the GOP has diverted a disproportionate amount of our nation’s capital into the hands of the already wealthy...who are not spending it and not creating demand.

With every action, be it an end to unemployment benefits to holding the middle class hostage to continue their policy of wealth redistribution to the already wealthy, the GOP has shown themselves to be the enemy of the middle class. People are beginning to wake up to it now but it took the direct offensive of union labor to bring people around, the GOP is very good at deceit.

That is obviously false. That was the whole premise behind the big stimulus bills. It didnt work. You didn't read the link, did you?

No, it's true. The GOP did try to end unemployment benefits, they did hold the middle class hostage to funnel more of our nation capital to the already wealthy, they did increase the wealth gap to never before seen levels, they did attack labor directly and it just goes on and on and on.


If the stimulus didn't work, why is the economy stable? What would be a sign to you that the stimulus DID work?

The GOP may have tried to do those things. BUt they didnt. And we see what effect those policies had: the weakest recovery on record, despite spending record sums.
The sign that the stimulus worked would be that GDP growth exceeded all other recoveries, where there was much less intervention. IN fact the opposite happened: unprecedented intervention and lousy results.