Obama Anti-growth policies continue to frustrate Americans

[Nova78]

How to Jump-Start the U.S. Economy

Anti-growth policies continue to frustrate the aspirations of working Americans. The economy is likely growing at less than 2 percent in the second quarter, making prospects for a better job market remote.

Higher payroll taxes and income taxes paid by the wealthy took away $165 billion in purchasing power. Consumers reacted, but with a lag, because they need to keep driving to work and feeding their children. Now car dealers and shopping malls report slowing sales.
Overall, the fiscal drag of those higher taxes and another $44 billion in federal outlays mandated by sequestration are subtracting a tidy sum from aggregate demand. But the focus on short-term budget policies fails to reckon with a tougher issue—before these, even with record government spending and rock-bottom interest rates the economy has averaged only 2.1 percent growth since mid-2009. By contrast, the Reagan recession was just as deep and wrenching as the Obama recession, but the Gipper accomplished 5.3 percent growth over the comparable period.

Simply, what was broke and caused the financial crisis has not been fixed.

 

[EdwardBaiamonte]

How to Jump-Start the U.S. Economy

Anti-growth policies continue to frustrate the aspirations of working Americans. The economy is likely growing at less than 2 percent in the second quarter, making prospects for a better job market remote.

Higher payroll taxes and income taxes paid by the wealthy took away $165 billion in purchasing power. Consumers reacted, but with a lag, because they need to keep driving to work and feeding their children. Now car dealers and shopping malls report slowing sales.
Overall, the fiscal drag of those higher taxes and another $44 billion in federal outlays mandated by sequestration are subtracting a tidy sum from aggregate demand. But the focus on short-term budget policies fails to reckon with a tougher issue—before these, even with record government spending and rock-bottom interest rates the economy has averaged only 2.1 percent growth since mid-2009. By contrast, the Reagan recession was just as deep and wrenching as the Obama recession, but the Gipper accomplished 5.3 percent growth over the comparable period.

Simply, what was broke and caused the financial crisis has not been fixed.

If you were God the first 2 things you would do are:

1) Replace Obama care with a capitalist health care system

2) Add a Balanced Budget Amendment to the Constitution that capped spending at 15% of GDP

 

[Grandma]

Umm, Special Ed, we don't have higher payroll taxes.

They were lowered temporarily and are now back at their normal rate.

Why do so few on the right understand temporary tax measures?

 

[Mr. H.]

The oil and natural gas industries are booming. They can't hire fast enough. Trouble is, few actually want to work. Few need to work these days. Uncle Bammer takin' care of the masses now.

 

[EdwardBaiamonte]

Umm, Special Ed, we don't have higher payroll taxes.

They were lowered temporarily and are now back at their normal rate.

Why do so few on the right understand temporary tax measures?

15% of an average persons lifetime income is very very high. If invested in a private account it would yield $1.4 million estate at retirement!! That's a ton more than the dog food money you get from SS, if you live long enough to collect any of it!

 

[Freemason9]

When the economy began to collapse in 2007-2008, economists predicted that it would take a decade or longer for employment levels to recover. This was irrespective of whomever might be president. The economy was shattered after 30 years of pro-corporate supply side economics. It remains in woeful condition, and it will not improve until pro-labor policies can be adopted fully.

 

[EdwardBaiamonte]

When the economy began to collapse in 2007-2008, economists predicted that it would take a decade or longer for employment levels to recover. This was irrespective of whomever might be president. The economy was shattered after 30 years of pro-corporate supply side economics. It remains in woeful condition, and it will not improve until pro-labor policies can be adopted fully.

100% stupid and liberal. The economy does not grow because labor gets paid more rather it grew from the stone age to here because supply siders supplied new inventions!

If you have the IQ to understand that you understand most of economics!!

 

[kiwiman127]

When the economy began to collapse in 2007-2008, economists predicted that it would take a decade or longer for employment levels to recover. This was irrespective of whomever might be president. The economy was shattered after 30 years of pro-corporate supply side economics. It remains in woeful condition, and it will not improve until pro-labor policies can be adopted fully.

100% stupid and liberal. The economy does not grow because labor gets paid more rather it grew from the stone age to here because supply siders supplied new inventions!

If you have the IQ to understand that you understand most of economics!!

 

[Mr. H.]

When the economy began to collapse in 2007-2008, economists predicted that it would take a decade or longer for employment levels to recover. This was irrespective of whomever might be president. The economy was shattered after 30 years of pro-corporate supply side economics. It remains in woeful condition, and it will not improve until pro-labor policies can be adopted fully.

And for whom, pray tell, will labor work? Corporations that have been battered into submission by anti-corporate policies? Kill the job creators.. the great economic death-knell of the Left. Really fucking smart.

Here's Obama's plan for recovery - clobber the single most proficient and prolific industries with arbitrary taxation... $40+ billion in taxes on oil and natural gas. Penalize success, reward lethargy. You goddamn loony-lefties got it all figured out don't you?

 

[EdwardBaiamonte]

When the economy began to collapse in 2007-2008, economists predicted that it would take a decade or longer for employment levels to recover. This was irrespective of whomever might be president. The economy was shattered after 30 years of pro-corporate supply side economics. It remains in woeful condition, and it will not improve until pro-labor policies can be adopted fully.

100% stupid and liberal. The economy does not grow because labor gets paid more rather it grew from the stone age to here because supply siders supplied new inventions!

If you have the IQ to understand that you understand most of economics!!

try taking Econ 101 when you get to college!

 

[Mr Natural]

When the economy began to collapse in 2007-2008, economists predicted that it would take a decade or longer for employment levels to recover. This was irrespective of whomever might be president. The economy was shattered after 30 years of pro-corporate supply side economics. It remains in woeful condition, and it will not improve until pro-labor policies can be adopted fully.

100% stupid and liberal. The economy does not grow because labor gets paid more rather it grew from the stone age to here because supply siders supplied new inventions!

If you have the IQ to understand that you understand most of economics!!

Imagine how much the economy could grow if labor didn't get paid at all!

 

[EdwardBaiamonte]

When the economy began to collapse in 2007-2008, economists predicted that it would take a decade or longer for employment levels to recover. This was irrespective of whomever might be president. The economy was shattered after 30 years of pro-corporate supply side economics. It remains in woeful condition, and it will not improve until pro-labor policies can be adopted fully.

100% stupid and liberal. The economy does not grow because labor gets paid more rather it grew from the stone age to here because supply siders supplied new inventions!

If you have the IQ to understand that you understand most of economics!!

Imagine how much the economy could grow if labor didn't get paid at all!

dumb!! If they didn't get paid why would they work at all??
You may be the only person on earth to think no pay would help economy grow.

See why we are 100% positive a liberal will be slow?

 

[Mr Natural]

100% stupid and liberal. The economy does not grow because labor gets paid more rather it grew from the stone age to here because supply siders supplied new inventions!

If you have the IQ to understand that you understand most of economics!!

Imagine how much the economy could grow if labor didn't get paid at all!

dumb!! If they didn't get paid why would they work at all??
You may be the only person on earth to think no pay would help economy grow.

See why we are 100% positive a liberal will be slow?

C'mon Ed, make up your mind. Is the economy supply driven or demand driven?

 

[EdwardBaiamonte]

Imagine how much the economy could grow if labor didn't get paid at all!

dumb!! If they didn't get paid why would they work at all??
You may be the only person on earth to think no pay would help economy grow.

See why we are 100% positive a liberal will be slow?

C'mon Ed, make up your mind. Is the economy supply driven or demand driven?

too stupid!! If I said anything to indicate it was demand driven I'll pay you $10,000. Bet or run away again with your liberal strawman between your legs.

 

[Mr Natural]

dumb!! If they didn't get paid why would they work at all??
You may be the only person on earth to think no pay would help economy grow.

See why we are 100% positive a liberal will be slow?

C'mon Ed, make up your mind. Is the economy supply driven or demand driven?

too stupid!! If I said anything to indicate it was demand driven I'll pay you $10,000. Bet or run away again with your liberal strawman between your legs.

you said this:

If they didn't get paid why would they work at all

And if they didn't work at all, there would be no demand and no need for supply.

Now pay up, Sucker.

 

[EdwardBaiamonte]

C'mon Ed, make up your mind. Is the economy supply driven or demand driven?

too stupid!! If I said anything to indicate it was demand driven I'll pay you $10,000. Bet or run away again with your liberal strawman between your legs.

you said this:

If they didn't get paid why would they work at all

And if they didn't work at all, there would be no demand and no need for supply.

Now pay up, Sucker.

dear, if supply side inventors did not get paid they would not work either. Does that mean the economy is supply driven?

See why we are 1000% positive a liberal will be slow?

Do you want to accept the bet as legally binding???