Republicans are clueless when it comes to fixing the economy

[Billy000]

Isn't it a little pathetic that the only economic solution republicans have for fixing the economy are tax cuts for the wealthy? Guess what? Tax cuts for the wealthy only help the wealthy. Why? Because stimulating supply side means dick if you don't stimulate demand side. Obama understood this. Republicans didn't. 4.6 jobs per million dollar cut is all Bush has to show for. That and the billions it added to our national debt. (Let's not forget the 10 trillion of our 17 trillion debt is from Bush's time as president).

According to the CBO, JP Morgan, and Moody, Obama's stimulus package created 2.5 million jobs. Why wasn't enough? Because republicans insisted it be smaller. But why? 280 billion of the 787 billion spent was TAX CUTS. Why did those tax cuts create jobs? Because it included the biggest tax cut for the middle class since Reagan. Not only that, but it included the extension of unemployment insurance. Unemployed people who would otherwise be not spending money were spending money. Those benefits were spent immediately on basic necessities like food, clothing and shelter. That extra demand created jobs. 19000 jobs per billion dollar unemployment benefits. This is an example of DEMAND side economics in action.

Why would more tax cuts for the wealthy be useless? Well obviously because corporate profits are at an all time high and 1% of the top earners own 40% of the nation's wealth. More tax cuts for the wealthy would do dick to create jobs. That is republican's ONLY economic solution. That makes them useless.

What is the solution? More DEMAND side economic policies like the stimulus that is proven to work. Bigger this time so it will make a difference. Does that mean more national debt? Of course, but tax cutting means more debt as well. The difference is that Obama's economic policies work. Unfortunately 2.5 million jobs wasn't enough to make a dent in the 8 million jobs we lost from the 2008 crisis. Like I said, BIGGER.

Here is a non partisan analysis that confirms everything that I have said here. Proof the stimulus worked.

https://nonprofitquarterly.org/poli...he-obama-stimulus-a-success-or-a-failure.html

Here is an article from Moody that explains why extending unemployment benefits creates jobs.

http://useconomy.about.com/od/usfed...its-Are-The-Best-Way-To-Boost-The-Economy.htm

 

[tyroneweaver]

this econ ain't goin nowhere till this cockamamie health card debaucle shakes out

 

[Stephanie]

umhmmm, how many time are they going post this..?
and as we see the Dear Leader is even worse at it...

thread fail

 

[Billy000]

umhmmm, how many time are they going post this..?
and as we see the Dear Leader is even worse at it...

thread fail

And yet you can't explain why it's wrong.

 

[Stephanie]

umhmmm, how many time are they going post this..?
and as we see the Dear Leader is even worse at it...

thread fail

And yet you can't explain why it's wrong.

I don't need to explain anything.... I'M LIVING AND SUFFERING through it....

how about, pay $3.00 for a gallon of gas for SIX YEARS now, food prices, I can barely afford hamburger forget steak..taxes raised, less job opportunities...and I could on but why bother...
but you can keep making excuse for him like a good useful tool subject for a party by blaming everyone else, ho hum the usual

 

[birddog]

umhmmm, how many time are they going post this..?
and as we see the Dear Leader is even worse at it...

thread fail

And yet you can't explain why it's wrong.

It's impossible to explain much to a dumbass like you! Period!

 

[ScienceRocks]

Both parties are...

Education
Science
infrastructure
A pro-American trade policy
Some major reforms
r&d investment

All this made us the super power we became after the second world war. Think about it.

 

[Billy000]

umhmmm, how many time are they going post this..?
and as we see the Dear Leader is even worse at it...

thread fail

And yet you can't explain why it's wrong.

I don't need to explain anything.... I'M LIVING AND SUFFERING through it....
but you can keep making excuse for him like a good useful tool subject for a party by blaming everyone else, ho hum the usual

I'm not saying Obama fixed the economy. I'm saying he could have had republicans not fucked everything up. However what he did do is prevent the economy from collapsing from the 2008 crisis.

 

[ScienceRocks]

And yes, reasonable regulations that allow for a free private sector are good.

 

[Billy000]

umhmmm, how many time are they going post this..?
and as we see the Dear Leader is even worse at it...

thread fail

And yet you can't explain why it's wrong.

It's impossible to explain much to a dumbass like you! Period!

How about you try? Go ahead. Humor me. Why am I wrong?

 

[ScienceRocks]

And yet you can't explain why it's wrong.

It's impossible to explain much to a dumbass like you! Period!

How about you try? Go ahead. Humor me. Why am I wrong?

The problem is they think all government is bad and the other side thinks it can only do good. There's no reasonable middle ground like we once had.

 

[Erand7899]

umhmmm, how many time are they going post this..?
and as we see the Dear Leader is even worse at it...

thread fail

And yet you can't explain why it's wrong.

The proof is in the tasting. The economy is still bouncing along the bottom, after five years of liberal/socialist tinkering. The same dumbass ideas were tried by FDR, and he managed to keep the economy bouncing along the bottom for over a decade. And, FDR had a better chance of making it work, because our economy was still national during his attempts.

Our economy is now international and integrated world wide. Consumption in the United States builds the economies where those products are made, and not the economies where they are sold.

To stimulate our economy, we have to do things that benefit production here, not overseas. Wealth is built by adding value to products. That means we have to make it easier to add value here, than it is to add value somewhere else. When we make it easier to add value here, jobs are created here, and new wealth is created here. That benefits us all.

 

[Londoner]

Isn't it a little pathetic that the only economic solution republicans have for fixing the economy are tax cuts for the wealthy? Guess what? Tax cuts for the wealthy only help the wealthy. Why? Because stimulating supply side means dick if you don't stimulate demand side. Obama understood this. Republicans didn't. 4.6 jobs per million dollar cut is all Bush has to show for. That and the billions it added to our national debt. (Let's not forget the 10 trillion of our 17 trillion debt is from Bush's time as president).

Exactly. Government has always used fiscal policy to stimulate supply and demand. Then we got seduced by Reagan, who said we could replace traditional supports for demand with an expansion of credit. Look at household debt starting in the 80s, it will blow your mind. American families began receiving 3 credit card offers a week to make up for the new low wage economy. Reagan's steroidal credit/debt economy worked great for a while, but now the consumer is too indebted to meet the consumption requirements of economic growth.

This is the problem with neoliberalism. Lower labor costs and austerity destroys the purchasing power needed for domestic job growth.

The new wage structure of globalization (Walmart) does not fit our mass consumption economy. It fits a 3rd world economy where the poor serfs can't consume. This is why we are living through a massive economic contraction. We no longer have the wages to consume, and there's no more room on the credit card. This is the logical outcome of Reaganomics, which canibalizes purchasing power to incentivize investment - and uses debt to fill the gap. We swallowed poison in 1980 and the middle class is dead. We have reproduced the structure of the 3rd world, where decadent wealth is surrounded by massive poverty. And the wealthy use their consolidated power over media to confuse the uneducated about who caused the problem and who really controls government.

 

[Billy000]

It's impossible to explain much to a dumbass like you! Period!

How about you try? Go ahead. Humor me. Why am I wrong?

The problem is they think all government is bad and the other side thinks it can only do good. There's no reasonable middle ground like we once had.

Government is the only solution. Tax cutting is a function of government legislation. That is what makes the right so brain dead.

 

[PoliticalChic]

umhmmm, how many time are they going post this..?
and as we see the Dear Leader is even worse at it...

thread fail

And yet you can't explain why it's wrong.

Because you're blaming the Republicans, rather than the dunce in the White House....you moron.

1.More than 6.7 million more Americans have been plunged into poverty since Obama became President.

2.Real household income is down 5%

3. Consumer prices are up 10.2%

4. Total federal debt is up 58%

5. Gasoline prices are up 82%

6. Food stamp recipients up 49%

7. Debt held by the public is up 89%

However, the Obama administration recently projected an annual deficit of $750 billion in the fiscal year that began Oct. 1, and $626 billion the year after. At that rate, the debt owed to the public will more than double during the Obama presidency.
As of 2012, according to the most recent figures reported by the Census Bureau, median (midpoint) income for all U.S. households was $51,017, which was 4.9 percent lower (in inflation-adjusted dollars) than it was in 2008, the year before Obama took office.
The same story applies to family income, which includes many families with two earners. (The “household” figure includes single persons living alone, as well as families.) Median family income in 2012 was $62,241, or 5.1 percent below the inflation-adjusted 2008 level.
The number of persons living in poverty also worsened again in 2012, according to the most recent Census figures.

8. As of last year, 46,496,000 persons lived in households with income below the official poverty line, an increase of nearly 6.7 million since 2008 and 249,000 since 2011. The total poverty rate remained unchanged in 2012 at 15 percent of the total U.S. population. So for the second straight year, the poverty rate was 1.8 points higher than it was in 2008.
Obama?s Numbers, October Update

9... in today’s recovery — the slowest in the modern era going back to 1947 — private capital investment has lagged badly. ... so has the jobs situation, with 92 million dropping out of the workforce altogether. A labor-participation rate of 62.8% and an employment-to-population rate of 58% are historic lows indicative of the anemic jobs recovery. Big Business Swings Behind a Mantra of Growth - The New York Sun

10. Tavis Smiley: 'Black People Will Have Lost Ground in Every Single Economic Indicator' Under Obama
Tavis Smiley: 'Black People Will Have Lost Ground in Every Single Economic Indicator' Under Obama | NewsBusters

11. . ".... the... [dollar] has today a value of barely a 1,250th of an ounce of gold, a staggering plunge from an 853rd of an ounce on the day Mr. Obama took office...." Fiat Wages - The New York Sun


12. "CBO says deficits slated to shrink in coming years, but will soar again if spending or tax changes are not made

Federal deficits have soared between 2009 and 2012, bring the total long-term debt to a level equal to 73 percent of the nation’s GDP. “Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing federal debt to soar.”
CBO says deficits slated to shrink in coming years, but will soar again if spending or tax changes are not made | Dallas Morning News

13. "Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
. ...the Census Bureau's Current Population Survey ....indicate that the real (inflation-adjusted) median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession.
http://www.weeklystandard.com/blogs...-during-recovery-during-recession_750068.html

 

[C_Clayton_Jones]

Republicans are clueless when it comes to fixing the economy

True.

Particularly when one considers the fact that the republican ‘fix’ for the economy is to do nothing.

Fortunately economic recovery is well underway, in spite of the foot-dragging by the partisan right.

 

[DrDoomNGloom]

And yet you can't explain why it's wrong.

I don't need to explain anything.... I'M LIVING AND SUFFERING through it....
but you can keep making excuse for him like a good useful tool subject for a party by blaming everyone else, ho hum the usual

I'm not saying Obama fixed the economy. I'm saying he could have had republicans not fucked everything up. However what he did do is prevent the economy from collapsing from the 2008 crisis.

Get a fucking clue in life the Dems own 2 of the 3 branches of government ...
Quit blaming the Republicans for everything, hell why didn't you just go ahead and throw the race card and it's Bush's fucking fault on there for good measure ....

 

[Billy000]

umhmmm, how many time are they going post this..?
and as we see the Dear Leader is even worse at it...

thread fail

And yet you can't explain why it's wrong.

Why is it that you can't explain why all of that is Obama's fault? Part of the reason our congress is so useless is because r



Because you're blaming the Republicans, rather than the dunce in the White House....you moron.

1.More than 6.7 million more Americans have been plunged into poverty since Obama became President.

2.Real household income is down 5%

3. Consumer prices are up 10.2%

4. Total federal debt is up 58%

5. Gasoline prices are up 82%

6. Food stamp recipients up 49%

7. Debt held by the public is up 89%

However, the Obama administration recently projected an annual deficit of $750 billion in the fiscal year that began Oct. 1, and $626 billion the year after. At that rate, the debt owed to the public will more than double during the Obama presidency.
As of 2012, according to the most recent figures reported by the Census Bureau, median (midpoint) income for all U.S. households was $51,017, which was 4.9 percent lower (in inflation-adjusted dollars) than it was in 2008, the year before Obama took office.
The same story applies to family income, which includes many families with two earners. (The “household” figure includes single persons living alone, as well as families.) Median family income in 2012 was $62,241, or 5.1 percent below the inflation-adjusted 2008 level.
The number of persons living in poverty also worsened again in 2012, according to the most recent Census figures.

8. As of last year, 46,496,000 persons lived in households with income below the official poverty line, an increase of nearly 6.7 million since 2008 and 249,000 since 2011. The total poverty rate remained unchanged in 2012 at 15 percent of the total U.S. population. So for the second straight year, the poverty rate was 1.8 points higher than it was in 2008.
Obama?s Numbers, October Update

9... in today’s recovery — the slowest in the modern era going back to 1947 — private capital investment has lagged badly. ... so has the jobs situation, with 92 million dropping out of the workforce altogether. A labor-participation rate of 62.8% and an employment-to-population rate of 58% are historic lows indicative of the anemic jobs recovery. Big Business Swings Behind a Mantra of Growth - The New York Sun

10. Tavis Smiley: 'Black People Will Have Lost Ground in Every Single Economic Indicator' Under Obama
Tavis Smiley: 'Black People Will Have Lost Ground in Every Single Economic Indicator' Under Obama | NewsBusters

11. . ".... the... [dollar] has today a value of barely a 1,250th of an ounce of gold, a staggering plunge from an 853rd of an ounce on the day Mr. Obama took office...." Fiat Wages - The New York Sun


12. "CBO says deficits slated to shrink in coming years, but will soar again if spending or tax changes are not made

Federal deficits have soared between 2009 and 2012, bring the total long-term debt to a level equal to 73 percent of the nation’s GDP. “Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing federal debt to soar.”
CBO says deficits slated to shrink in coming years, but will soar again if spending or tax changes are not made | Dallas Morning News

13. "Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
. ...the Census Bureau's Current Population Survey ....indicate that the real (inflation-adjusted) median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession.
http://www.weeklystandard.com/blogs...-during-recovery-during-recession_750068.html

Why is it that you can't explain how all of that is Obama's fault? Part of the reason out congress is so useless is because republicans block anything Obama Comes up with. ANYTHING. However I do realize congressional democrats are useless as well.

Tell me PC, how do we fix those problems if the right is against ANY gov solution. You really think the market is just going to fix itself? IT WONT. Rising inequality is what's fucking up our economy.

 

[The T]

Uh-huh. Democrats have been in control of the Congress since 2006...Obama has had almost 6 years to do something...his BUDGETS aren't voted for even from his own party...and it's getting WORSE.

Try again Billy-Bub. Drop the partisan shit. And YES Republicans are the problem as well.

DUMBASS.

 

[DrDoomNGloom]

And yet you can't explain why it's wrong.

Why is it that you can't explain why all of that is Obama's fault? Part of the reason our congress is so useless is because r



Because you're blaming the Republicans, rather than the dunce in the White House....you moron.

1.More than 6.7 million more Americans have been plunged into poverty since Obama became President.

2.Real household income is down 5%

3. Consumer prices are up 10.2%

4. Total federal debt is up 58%

5. Gasoline prices are up 82%

6. Food stamp recipients up 49%

7. Debt held by the public is up 89%

However, the Obama administration recently projected an annual deficit of $750 billion in the fiscal year that began Oct. 1, and $626 billion the year after. At that rate, the debt owed to the public will more than double during the Obama presidency.
As of 2012, according to the most recent figures reported by the Census Bureau, median (midpoint) income for all U.S. households was $51,017, which was 4.9 percent lower (in inflation-adjusted dollars) than it was in 2008, the year before Obama took office.
The same story applies to family income, which includes many families with two earners. (The “household” figure includes single persons living alone, as well as families.) Median family income in 2012 was $62,241, or 5.1 percent below the inflation-adjusted 2008 level.
The number of persons living in poverty also worsened again in 2012, according to the most recent Census figures.

8. As of last year, 46,496,000 persons lived in households with income below the official poverty line, an increase of nearly 6.7 million since 2008 and 249,000 since 2011. The total poverty rate remained unchanged in 2012 at 15 percent of the total U.S. population. So for the second straight year, the poverty rate was 1.8 points higher than it was in 2008.
Obama?s Numbers, October Update

9... in today’s recovery — the slowest in the modern era going back to 1947 — private capital investment has lagged badly. ... so has the jobs situation, with 92 million dropping out of the workforce altogether. A labor-participation rate of 62.8% and an employment-to-population rate of 58% are historic lows indicative of the anemic jobs recovery. Big Business Swings Behind a Mantra of Growth - The New York Sun

10. Tavis Smiley: 'Black People Will Have Lost Ground in Every Single Economic Indicator' Under Obama
Tavis Smiley: 'Black People Will Have Lost Ground in Every Single Economic Indicator' Under Obama | NewsBusters

11. . ".... the... [dollar] has today a value of barely a 1,250th of an ounce of gold, a staggering plunge from an 853rd of an ounce on the day Mr. Obama took office...." Fiat Wages - The New York Sun


12. "CBO says deficits slated to shrink in coming years, but will soar again if spending or tax changes are not made

Federal deficits have soared between 2009 and 2012, bring the total long-term debt to a level equal to 73 percent of the nation’s GDP. “Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing federal debt to soar.”
CBO says deficits slated to shrink in coming years, but will soar again if spending or tax changes are not made | Dallas Morning News

13. "Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
. ...the Census Bureau's Current Population Survey ....indicate that the real (inflation-adjusted) median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession.
http://www.weeklystandard.com/blogs...-during-recovery-during-recession_750068.html

Why is it that you can't explain how all of that is Obama's fault? Part of the reason out congress is so useless is because republicans block anything Obama Comes up with. ANYTHING. However I do realize congressional democrats are useless as well.

Tell me PC, how do we fix those problems if the right is against ANY gov solution. You really think the market is just going to fix itself? IT WONT. Rising inequality is what's fucking up our economy.

I have been waiting on this to come up, unfortunately for most it is an intelligence inequality ....

The jobs of today require science, math, chemistry and other high level thinking abilities.
Smoking dope and playing video game is not going to cut it in today's / tomorrows society.

Now from what I can see, until you are ready to teach old fashion work ethics, educate the ignorant and improve on self worth no amount of legislation will ever fix the income inequality.

You can take the money from the rich for only so long, eventually they will regain that wealth back, see while you may scheme to take others money, but you will never be able to take their intelligence!! Genetically they will always be superior and in the long run will be the ruling class ...