Comments on: Obama really might have made it worse

By: glennataylor

glennataylor — Fri, 09 Sep 2011 03:10:58 +0000

Edited by the media again.

By: glennataylor

glennataylor — Fri, 09 Sep 2011 03:09:50 +0000

verkooijen that would be correct. It’s called Socialism, complete government control of all national businesses. Even, after huge government takeouts of all profits. The net result is a bunch of equal, poor citizens and a huge, rich and powerful government. And morons, like Wendy Taylor, my sister, actually advocate this system. In fact Wendy doesn’t believe she pays ENOUGH tax. She wishes the taxes were higher. She tells us that our taxes are at all time lows. What she doesn’t realize, as smart as she is (valedictorian at Pitt law school), is that there are over 300 new taxes on the books and all of them go up without any publication or fanfare, we pay taxes on our cell phone bills, electricity, gas, gas, and on and on and on and on, no need to try to list them. And Wendy, my dear sister, and I do lover her, is smarter than me she is a raving idiot. She has no idea or concept of economics, how printing money is a hidden tax, inflation in my area of economics, food service, is outrageous. I am paying 50% more for eggs, butter, corn, oil, on and on and on. Small bushiness creates about 2 of every three jobs. A 300 billion dollar interest free loan program to small businesses would have created 7.5 million 45,000 a year jobs AND would have been paid back. He didn’t create a thing and he knew he wasn’t creating a thing. He did it intentionally, you see my friends this president isn’t just a bad president, he is doing it intentionally, he is trying to enslave us by destroying our economy. And he’s not alone, big government is controlled by big business,

By: MGCC

MGCC — Thu, 07 Jul 2011 00:25:15 +0000

I mean 2009-11. dang.

By: MGCC

MGCC — Thu, 07 Jul 2011 00:24:49 +0000

And even after rereading it I didn’t make the point I wanted to make:

We’re not benefitting from the 2009 $1.0T stimulus, we’re enjoying the fruits of $4.0T in 2009-22 stimulus.

By: MGCC

MGCC — Thu, 07 Jul 2011 00:22:27 +0000

The only point James is missing is the assumption that the trillion dollar stimulus (w/ interest) of 2009 ended in 2009, and that recovery costs can be measured against that spend.

But we’ve all seen the graphic showing 3 years of Obama deficits in the $1.3-$1.6t range (2009-11 forecast).

The stimulus stimulates by creating a budget deficit, Keynesianically. We’re carrying the same sized deficit today as the stimulus got us to in 2009. Although we did have an actual Federal budget that year. Good times.

The stimulus never ended, and the policy is not working.

Thanks, Obama!

By: MrReasonable

MrReasonable — Wed, 06 Jul 2011 20:59:20 +0000

I don’t think there is any doubt that the economy would be recovering now if the government had done absolutely nothing. And it seems everything Obama has done is just the opposite that a person with common sense would do. Passing a law that will end up causing more foreclosures? Banning drilling against the advice of his own scientists? Trying to purposely increase the cost of electricity and gasoline? Slamming businesses with mush higher health insurance costs? How do these things help the economy? They don’t. So you have to wonder, is he just not very smart, or does he truly want to make the economy worse?

By: megapotamus

megapotamus — Wed, 06 Jul 2011 20:58:47 +0000

What we are seeing is the great experiment that seeks to rubbish Supply-side Economics, otherwise known as economics. The Conventional Wisdom on Reagan is that he really never put a foot right; no less domestically than overseas. Whatever “success” he might have experienced was from the cyclical nature of the economy. Clinton, otoh, set up a grand strategy for growth and stability with his tax hikes, which were then pushed back down by W in a stimulative effort. But that didn’t work, obviously. If Bush had just left the taxes where he found them post-Clinton, no debt, no deficit, no shortruns in entitlements, no borrowing problems. We are only beginning to see the true costs of boated government in taxes and lost freedoms. The good news is that the deprivations fall most severely on those stupid enough to buy Obama’s crapulent socialism. Of course McCain’s socialism was only marginally less complete or crapulent. NO ROMNEY!

By: verkooijen

verkooijen — Wed, 06 Jul 2011 20:05:14 +0000

Barack Obama is achieving everything he set out to do; expand government, choke off the private sector, turn America into a centrally planned economy. He is taking control through various means, from nationalization of companies like GM to new corporatist structures (“public-private partnerships”) to the Dodd-Frank financial regulation that will insert government into “investment decisions”.

Companies and individuals that toe the party line win; they get government contracts, grants, subsidies, exemptions. Those who don’t lose; they will be regulated to death, hounded by the IRS and EPA, etc. That is not a bug, it’s a feature. Companies and individuals are already starting to change their behavior to accommodate to the new regime.

The end goal is literally a centrally planned economy. That is what Obama would call “a smart economy”; an economy not run by the “evil profit motive”, but by selfless wise bureaucrats working in service to “the folks”. The Obamacrats are taking very deliberate, well thought out steps to get there and so far they are succeeding beyond their wildest dreams. It’s the final stage of their “long march through the institutions”.

The collapse of the private sector itself is not a bug, it’s a feature. But the Obamacrats are making sure that the Republicans will get the blame. Specifically the debt ceiling issue is set up to explain the double dip into full-blown depression.

And it will work. Millions of unemployed will believe Republican spending cuts cost them their jobs. Clueless conservatives will play into the Obamacrats hands at every turn. Obama will get his second term and it will be full steam ahead into totalitarian socialism. Nothing will be able to stop the Obama Revolution after 2013.

By: ojfl

ojfl — Wed, 06 Jul 2011 20:02:48 +0000

slumz,

if you dispute the assertion that economies recover from recessions no matter what do you have any examples that does not involve a monetary collapse? Bear in mind the US has not suffered a monetary collapse and is probably far from it for now.

By: verkooijen

verkooijen — Wed, 06 Jul 2011 19:59:45 +0000

Companies and individuals that toe the party line will win; they get government contracts, grants, subsidies, exemptions. Those who don’t lose; they will be regulated to death, hounded by the IRS and EPA, etc. That is not a bug, it’s a feature. Companies and individuals are already starting to change their behavior to accommodate to the new regime.