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 flyguy51
Joined: 8/11/2005
Msg: 31
Seriously, is this administration crazy??Page 2 of 5    (1, 2, 3, 4, 5)

WWII had a huge effect on the depression due to the overhaul of job creations.

What was the financial impetus for all these new jobs?
 EarlzP
Joined: 12/9/2007
Msg: 32
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History
Seriously, is this administration crazy??
Posted: 7/7/2009 6:35:55 PM
What was the financial impetus for all these new jobs?


The financial impetus AFTER 1941 was the war, prior to the war from 1933 to 1940 President Roosevelt spent spent spent to create jobs and he should have spent a lot more on job creation but the facts remain the unemployment rate dropped from 24 % to 14% before the war started and what ended the Great depression was the "jobs" that the war created. It's not neccessary to have a war to create jobs it's just a lot easier to spend spend spend. For those who think you can't spend your way out of a depresssion you need to look at history.

President Obama needs to spend a lot more to nip this recession in the bud, but he is a bright man he understands that we need to get money into the hands of the American working class so whether it's through job creation or saving jobs or a health care program that will save the tax payer money he is on the right track
 Ready4SomethingFun
Joined: 3/17/2008
Msg: 33
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History
Seriously, is this administration crazy??
Posted: 7/8/2009 3:26:05 AM

but he is a bright man he understands that we need to get money into the hands of the American working class so whether it's through job creation or saving jobs or a health care program that will save the tax payer money he is on the right track


If he's so bright, why didn't he just hand the American working class all that Stimulus money that is seemingly going nowhere. According to every news report, the unemployment rate is climbing even higher. According to all the polls (which democrats used to treat as gospel until they started showing negativity toward Obama) nobody has much faith in this stimulus and only 20 percent want to see another one happen. What jobs are being created? Name one long term full time job created (beisdes a two year government contract to build a train for Barney Frank, who'll be the only one who can afford to ride it). What jobs are being saved? AIG suits and GM union stewards? It sure isn't the working class, at least in my neck of the woods all the GM plants are gone. Moraine, Ohio, a town built by GM has tumbleweeds blowing through the center of it. What's he stimulating? Himself? It sure isn't the American workers! It seems a lot of his cronies are pretty happy though.......Christmas in the summertime for them. Yeah, give him carte blanche to give them more, so we can all have another grand 15 years of paying back China on top of what we have to pay already for lining the pockets of lobbyists, ACORN and already rich politicians.
 EarlzP
Joined: 12/9/2007
Msg: 34
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History
Seriously, is this administration crazy??
Posted: 7/8/2009 4:07:25 AM

If he's so bright, why didn't he just hand the American working class all that Stimulus money that is seemingly going nowhere.


I am sure you would have loved for him to just hand out the money


According to every news report, the unemployment rate is climbing even higher.


Sorry I do not have exact figures as to which state received what amount of stimulus money and how they are handling it, the allocating by states might be slow for a couple of reasons including they are going to have to account for where it is going, I would have perferred to see every dollar of stimulus pointed towards specific jobs and that each state would have to have submitted their lists prior to a penny going out that said I will just leave the allocating to the pro's who know better then I what the road blocks would have been


According to all the polls (which democrats used to treat as gospel until they started showing negativity toward Obama) nobody has much faith in this stimulus and only 20 percent want to see another one happen.


Source's please


What jobs are being created? Name one long term full time job created


See the article provided below

The next quoted area is all hyperbole, but I will comment on China, the borrowing from China started to finance a war created by then President Bush if we had a legitimate cause to go into Iraq then we had to do what we had to do, but we could have attacked Iraq any time they were not an imminent threat to us then and still would not be


(beisdes a two year government contract to build a train for Barney Frank, who'll be the only one who can afford to ride it). What jobs are being saved? AIG suits and GM union stewards? It sure isn't the working class, at least in my neck of the woods all the GM plants are gone. Moraine, Ohio, a town built by GM has tumbleweeds blowing through the center of it. What's he stimulating? Himself? It sure isn't the American workers! It seems a lot of his cronies are pretty happy though.......Christmas in the summertime for them. Yeah, give him carte blanche to give them more, so we can all have another grand 15 years of paying back China on top of what we have to pay already for lining the pockets of lobbyists, ACORN and already rich politicians.




From http://www.msnbc.msn.com/id/30265533/#storyContinued


LINCOLN, Neb. - When it comes to the $787 billion in federal stimulus money flowing from Washington to the states, it will cost money to spend money.
Nebraska's governor's office told lawmakers it expects to spend more than $1.2 million over two years to oversee disbursement of about $1.5 billion Nebraska stands to receive in federal stimulus funds.
Other states are in similar straits. But Washington — at least for now — isn't handing out money for states to hire auditors and accountants, and the stimulus law requires stringent reporting from states to ensure transparency and curb abuses.
 flyguy51
Joined: 8/11/2005
Msg: 35
Seriously, is this administration crazy??
Posted: 7/8/2009 6:56:48 AM

The financial impetus AFTER 1941 was the war,

Don't shoot your own argument in the foot. The war was impetus for new jobs, but it was not the financial impetus. I was asking that question semi-rhetorically of steelcity because I generally agree with your stance in this discussion.

Hint: there was a lot of deficit spending during WWII-- the most in US history to that point, I believe.
 Ready4SomethingFun
Joined: 3/17/2008
Msg: 36
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History
Seriously, is this administration crazy??
Posted: 7/8/2009 9:42:20 AM

I am sure you would have loved for him to just hand out the money


Why would it matter to me? After they figured out a way to funnel it to all the welfare people and below poverty level folks I sure wouldn't have gotten any of it. Well, maybe the 13.00 a week I'm getting now. Whoopie!


Sorry I do not have exact figures as to which state received what amount of stimulus money and how they are handling it


Neither does anyone else. The website which is "Supposed" to show all that stuff is being dragged along with little or no info on. At the rate of speed Obama wants to do things, seems a bit funny that he would want to drag his feet on that good old transparentcy he touted so much.


Source's please


Well start here:

http://www.rasmussenreports.com/public_content/politics/obama_administration/july_2009/just_27_favor_second_stimulus_plan_this_year_60_oppose

And I do apologize for lowballing that number. Seems a whopping 27% want that 2nd stimulus.

I'd love to see how many of those in favor know who the Vice President is.

Then you can return to the front page and see you are clearly in the minority of people who think the stimulus already out there is doing any good (31%).

Then check any other of the polling sites out there. The numbers are pretty similar, unless you can find a left biased site that warps the numbers in your favor, which would be quite easy to do, I'm sure.


the borrowing from China started to finance a war created by then President Bush if we had a legitimate cause to go into Iraq......


left wing talking point even though they were for it when the decision was made to do it

So we did it, and it turned to s**t, but now the people are speaking out BEFORE Obama is doing anything in a negative way and he is still doing it. And Bush's administration, even with a war, has never borrowed anything close to what Obama want to. At least not until the the congress with the lowest approval rating in years came to be, and Bush decided to become an appeaser. About that low approval for COngress, how long till Obama 's numbers match? I say sooner than later. A lot of people still have that thrill running up their leg, but for a growing number, the thrill is gone, baby, the thrill has gone away.


the stimulus law requires stringent reporting from states to ensure transparency and curb abuses


The money was GIVEN to abuses to begin with. And then to actually try to fool the American people into some kind of bullsh*t about being transparent about it? They have to hire accountants to make sure what they doing is legal if anything. This money is a ripoff to the American people and the majority are too blind with adulation for this sham president to see it. And the people will wake up, they ARE waking up, and when enough of them do to call Obama on this travesty he is pulling, hell is going to break loose. He's transparent alright, he's Jimmy Carter Jr.
 EarlzP
Joined: 12/9/2007
Msg: 37
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History
Seriously, is this administration crazy??
Posted: 7/9/2009 4:00:21 AM

Why would it matter to me? After they figured out a way to funnel it to all the welfare people and below poverty level folks I sure wouldn't have gotten any of it. Well, maybe the 13.00 a week I'm getting now. Whoopie!


Don't worry be happy you will have the duet of the century running in 2012 the point guard pit bull teamed up with the dumber the plumber. Now there is some thing to be concerned about.
 Ready4SomethingFun
Joined: 3/17/2008
Msg: 38
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History
Seriously, is this administration crazy??
Posted: 7/9/2009 5:39:17 PM

Varner noted that ODOT had just OK’d six more stimulus road projects, which will cost about $43 million.


Yep, you can drive and watch too. 6 miles of road blocked off, while one guy (supervised by 10 others) digs a hole about 3 feet in diameter. Our stimulus money at work folks!!!

Praise be Obama!!



The Nancy Reagan Party... Just say NO>>> or naaa


......because it's so much better to blindly follow and be a yes man to the messiah as he bankrupts the nation.
 EarlzP
Joined: 12/9/2007
Msg: 39
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History
Seriously, is this administration crazy??
Posted: 7/9/2009 7:30:54 PM
You see you ask what is being done with the stimulus money and when you are told you go back to your traditional rant, why not just admit it You don't like democrats and you dislike President Obama even more and you probably don't even know why


Yep, you can drive and watch too. 6 miles of road blocked off, while one guy (supervised by 10 others) digs a hole about 3 feet in diameter. Our stimulus money at work folks!!!


Unlike you I admit I don't like John Boehner, as seen in the blog above this he is a either a liar or does not even know what is going on in his own state and HS (HOLY SUGAR) he is the House Minority leader, so they have 59 projects going using stimulus money in Ohio alone but that does not phase you does it, because you know what you are talking about, do you like liars like John Boehner?
 Ready4SomethingFun
Joined: 3/17/2008
Msg: 40
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Seriously, is this administration crazy??
Posted: 7/9/2009 8:41:44 PM

You see you ask what is being done with the stimulus money and when you are told you go back to your traditional rant, why not just admit it You don't like democrats and you dislike President Obama even more and you probably don't even know why


I know what is going on with the stimulus money. There is a website. Lists line after line of pet projects and sillyness that does nothing to create jobs, impact the economy, or much of anything else except waste money.

I will not admit I don't like democrats, a few of my best friends are democrats, but I will certainly admit I don't like many of the things democrats stand for. And one of my best friends, a guy I have known since 1983, and is a staunch, drank the kool aid in college and never came back liberal, is beginning to question a few of the things Obama is doing (he also has a degree in economics and is a math whiz in ways that would blow your mind). I could type a list of why I don't like Obama's policies (I don't know the man to personally dislike him, but I bet he and I could have a more civil debate than I can with many on this site) but it would be futile, and repetitive. But for starters, so you won't accuse me of dodging--running around the world apologising for our country, closing Gitmo, stimulus package, most of his apointees to congress, his apointee to the Supreme Court, his bailout of companies (and no, I wasn't okay with Bush doing it either, and was vocal about it), his health care proposals, etc., etc.


Unlike you I admit I don't like John Boehner


Unkile me, I DO like John Boehner, he's one of the few decent guys left in Ohio. And why would I expect anything BUT you not liking him. So he is a liar? He's no worse than Obama then. What politician isn't, but the main point of what he said is, very little of the stimulus money coming to Ohio is creating jobs. And it's true, if anything it's REPLACING jobs lost, but not creating new ones. At least not ones that the middle class, who you supposedly champion, will be able to do. Ohio was lost

Funny thing is when I go to USA Jobs, the site that is supposed to post recovery jobs, there is a whopping ONE JOB listed for Ohio. 64 nationwide. Go see for yourself.

http://jobsearch.usajobs.gov/a9recoveryjobs.aspx

Great "job" the Big O is doing, right? June's unemployment is stated to be 467,000 jobs lost. Ohio has lost at least 15% of that number. Are those 59 projects going to create, save or replace that many? Doubtful. So Boehner would be a liar if he said it didn't create one job, but what it has created is certainly nothing to throw a party about and we still have a serious problem on our hands.
 EarlzP
Joined: 12/9/2007
Msg: 41
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History
Seriously, is this administration crazy??
Posted: 7/9/2009 9:14:46 PM

Unkile me, I DO like John Boehner, he's one of the few decent guys left in Ohio. And why would I expect anything BUT you not liking him. So he is a liar? He's no worse than Obama then. What politician isn't, but the main point of what he said is, very little of the stimulus money coming to Ohio is creating jobs. And it's true, if anything it's REPLACING jobs lost, but not creating new ones. At least not ones that the middle class, who you supposedly champion, will be able to do. Ohio was lost


http://thinkprogress.org/2006/01/09/boehner-western-union/

One day last summer Representative John A. Boehner of Ohio, chairman of the House Republican Conference, decided to play Santa Claus. … In any event, Mr. Boehner took it upon himself to begin handing out money from tobacco lobbyists to certain of his colleagues on the House floor.


Here is your hero working for the tobacco companies on the house floor on our tax dollars, if Fox hears of this they will put D in front of his name
 Ready4SomethingFun
Joined: 3/17/2008
Msg: 42
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History
Seriously, is this administration crazy??
Posted: 7/9/2009 10:00:16 PM

Here is your hero working for the tobacco companies on the house floor on our tax dollars, if Fox hears of this they will put D in front of his name


As I've said before and will surely have to say again, to defend myself to libs, I hold no one in this country's political arena a hero, republican or that other party.

The act in question happened in 1995. Don't you think your liberal website might have tried to dig up a little something more recent to try to pin on him? Hell even the Huffpo couldn't really find anything other than the check fiasco (which wasn't illegal, but possibly questionable in the taste department--but remember tobacco laws weren't quite as stringent as they are these days). If we want to sling mud, is it any worse than holding a political "get to know me" soiree in the living room of a known U.S. terrorist? Is it any worse than driving drunk off a bridge and leaving your secretary to die? We all have our crosses to bear, I think I'd much rather have Boehner's.

And the big question-- what does it have to do with the stimulus' creation of jobs (or lack of, more appropriately) in Ohio (or anywhere else) or the original topic, which still has a hung jury--is this administration crazy?
 bliss serendipity
Joined: 12/27/2006
Msg: 43
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History
Seriously, is this administration crazy??
Posted: 7/9/2009 10:14:51 PM

......because it's so much better to blindly follow and be a yes man to the messiah as he bankrupts the nation.
isn't that what the Republicans did with Bush et al?

Bliss
 Ready4SomethingFun
Joined: 3/17/2008
Msg: 44
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Seriously, is this administration crazy??
Posted: 7/9/2009 10:23:26 PM

isn't that what the Republicans did with Bush et al?


Yep, Bush and his majority democrat congress that he bowed down and catered to.

Funny, I don't recall the economy being an issue until around election time last year. I guess in hindsight all eight years must have been a finacial disaster.
 EarlzP
Joined: 12/9/2007
Msg: 45
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History
Seriously, is this administration crazy??
Posted: 7/10/2009 2:42:19 AM
I want to help you so lets start with this dictionary look up of the word "analogy" now don't get upset I had to look it up. The internet is great isn't it, one click and bingo we know what a word means even if we have no idea of how to use it in a sentence


"Electing him president is analogous to putting an Army private in charge of the entire Defense Department." Ted Nugent



a·nal·o·gous [ə nálləgəss]
adj
1. similar: similar in some respects, allowing an analogy to be drawn
2. equivalent but appearing independent: describes body parts and organs that have equivalent functions but that have evolved independently of one another in different plants or animals.
The wings of birds, bats, and insects are analogous.


You said and I quote


Funny thing is, some people believe it works.
The mark of a great leader, is to surround yourself with people who are more talented and brighter then you are is different areas. obama has failed at this too. His lack of leadership and character show in this


Do you believe that history has any value? I can remember sitting in history class and wondering don't they have any thing better to teach me then what happened 100 years ago and then my mind would drift and I would have a vision of what it would be like to have Mary Lou, sweet Mary Lou as my GF , Phew man I still think of her now and then, but we seem to be drifting off of the subject

History shows that we have made out better under democrats then we have republicans, I wonder why?


Let's look at the record.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/10/19/IN5C13H0J5.DTL

During the 20th century, the Dow Jones industrial average rose 7.3 percent per year on average under Republican presidents. Under Democrats, it rose 10.3 percent - which means that investors gained a whopping 41 percent more. And the stock market declined further during George Bush's two terms.

Moreover, according to research from Professor Larry Bartels of Princeton, real middle class wage growth is double when a Democrat is president, contrasted to that growth under a Republican president.

Since World War II, Democratic presidents have increased the national debt by an average of 3.7 percent per year, and Republican presidents have increased it an average of 10.1 percent. During the same time period, the unemployment rate was, on average, 4.8 percent under Democratic presidents; it was 6.3 percent under Republicans.

That's the historical record.

What about economic policies over the past 15 years? The Clinton-Gore administration presided over the longest peacetime economic expansion in our history. The national debt was reduced dramatically, the industrial sector boomed, wages grew and more Americans found jobs.

How has the Bush-Cheney team fared? In the past seven years, we have experienced the weakest job creation cycle since the Great Depression, record deficits, record household debt, a record bankruptcy rate and a substantial increase in poverty. We have gone from being the nation with the biggest budget surplus in history to becoming the nation with the largest deficit in history.

The Bush administration, supported by Republicans on Capitol Hill, pushed through a sweeping tax cut in 2001, under which the wealthiest 1 percent of Americans reaped 43 percent of the gain. In less than a year and a half, the federal government's 10-year projected budget surplus of $1.6 trillion had vanished. In 2000, we had a surplus of $236 billion. In 2004, we had a deficit of $413 billion. This dramatic reversal is the direct consequence of Bush's tax cuts - and McCain wants to pursue the same bankrupt policies.

Since the conventions, McCain and his surrogates have been pounding away at the
democrats, labeling them as the "tax and spend" party. Yet recent research has shown that more than 70 percent of our national debt was created by just three Republican presidents: Reagan and the two Bushes.

There's an old expression in Las Vegas, "Figures don't lie and liars figure."


Now as you read the quote above what are your conclusions are you ready to join in with the party that has continually over the years stabilized the economy or do you want to stick with your endless ranting, the republicans just don't get it if you give tax breaks to the wealthiest 1 % of our nation they buy property or they fill their garage with fancy foreign cars.

The democrats know the secret the only way to repair the damage done by the republicans is by electing a democrat, I have to give the republicans credit for realizing this strategy. They bleed the county dry while in office and then wait for the democrats to build the economy back up so they can bleed it dry again.

Now if you want the economy to florish you need to employ people, people who pay taxes, people who spend money, understanding this is as easy as ABC 1 2 3

So now we come to this and I have to quote you again


obama is a fool, and a puppet on a string. He doesn't know anything about economics. Nor does he care about creating jobs in the private sector. He's only creating jobs in government. The stimulus spending is to only get more people on the government welfare tit. The last thing obama wants is people making it on there own and not needing government money. He knows the carter economics plan of tax and spend. Funny thing is, some people believe it works


I hate to tell you but you are over looking some things that should be rather obvious like

By bailing out the auto industry and the mortgage industry President Obama has saved jobs, not just the union workers that you seem to dislike so much but every working person that supports the auto industry, that means even the ma and pa kettle diner and deli, you know most of us are connected in some way and our whole society is interwoven and dependant on each other, thats just the facts jack

So when you see the rich getting rich you have to understand that the trickle down reagannomics does not work in real life, in real life reagannomics trickles up hill thats just a fact, the money the rich get has to come from some where, it does not grow on trees.

I hope that in some small way I have helped you to understand and cleared up some of the misconceptions you have about our economy
 EarlzP
Joined: 12/9/2007
Msg: 46
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History
Seriously, is this administration crazy??
Posted: 7/10/2009 3:33:53 AM
Look let me help you to under stand, when you are baking a cake you can't possibly know how it will turn out until it's baked, now our President has only been in office since January his cake ain't baked yet, give him a little time. I know you have heard this old saying "Some times it's gotta get worst before it gets better" and if history repeats its self as it often does President Obama will hold course as a democratic leader does and the economy will recover


What a bunch of drivel... Obama's deficit is already FOUR TIMES George Bush's! And that's just SO FAR! Now we're hearing talk of ANOTHER bailout? Are you KIDDING me? Even worse, after promising not to raise taxes on the middle class, now we have Cap & trade looming - which at the end of the day is a gigantic HIDDEN energy tax... Obama will campaign for reelection still claiming it wasn't a tax increase too... I can't even believe you accusing Republicans of "bleeding" anyone dry - not with Obama and his LOOTERS on capital hill! They've not only LOOTED our treasury, now they're running the show, and can print money they want at will! Of course if that's not enough, they've also stolen the nations credit cards and maxed them out too!


Lets at least be truthful with one another we can't continue to operate throwing out things like and I quote you

Obama will campaign for reelection still claiming it wasn't a tax increase too..


You can't possibly know what "President" Obama will say when he runs for re-election andddddddddd the Federal Reserve prints money not President Obama


I can't even believe you accusing Republicans of "bleeding" anyone dry - not with Obama and his LOOTERS on capital hill


I am just going by the records of previous administrations and when you do that it's obvious that when republicans are in office the country goes into an economic slump, you see I am not making this up it's in the books

Well I am a hard working tax paying man and its time for me to get it on, have a great day I will catch up to you later, actually I have this sweet little blue eyed southern lady awaiting me later, she's living proof that not all republicans are bad

PS: What do you hunt in the swamps? Do you go on foot or do you fly over them in a helicopter like soon to be ex-governor Palin does?
 Ready4SomethingFun
Joined: 3/17/2008
Msg: 47
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History
Seriously, is this administration crazy??
Posted: 7/10/2009 11:21:10 AM

"Electing him president is analogous to putting an Army private in charge of the entire Defense Department." Ted Nugent


And by Earl's definition he so kindly looked up: (the first def)

Electing him president is similar to putting an Army private in charge of the entire Defense Department.

Sorry, the Nuge used the word correctly.
 davidsauvignon
Joined: 2/6/2008
Msg: 48
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History
Seriously, is this administration crazy??
Posted: 7/10/2009 12:51:41 PM

Seriously, is this administration crazy??

Well quite frankly, yes...yes it is.

The cool thing is, though, that aside from the blind, sheeple-type devout followers, most are figuring it out.


Daily Presidential Tracking Poll
Friday, July 10, 2009

The Rasmussen Reports daily Presidential Tracking Poll for Friday shows that 30% of the nation's voters now Strongly Approve of the way that Barack Obama is performing his role as President. Thirty-seven percent (37%) Strongly Disapprove giving Obama a Presidential Approval Index rating of –7 (see trends).

The Rasmussen Consumer Index shows that consumer confidence is down again on Friday. That’s the sixth straight daily decline and confidence is now at the lowest level since mid-March. Just 8% rate the economy as good or excellent while 62% say it’s in poor shape.

For the second straight month, voters are more likely to trust Republicans than Democrats on the economy. A Rasmussen video report notes that most Americans say the efforts of the G-8 leaders are not likely to help the economy. And, 59% reject the Pope’s call for more international regulation of the economy.







~ds~
 davidsauvignon
Joined: 2/6/2008
Msg: 49
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History
Seriously, is this administration crazy??
Posted: 7/10/2009 8:10:17 PM


To my way of thinking, your choice to attack Bush instead of addressing these allegations is just another one of your blind hatred- of -all -things -conservative rants that you constantly spew.




To my way of thinking, you've chosen to attack an individual instead of addressing the topic.

Umm, LMAO...would this be the epitomy of a pot/kettle/black scenario? I believe it would.

On topic: yes OP, seriously...it's crazy. They thought they were crazy like a fox...turns out, they're crazy like One Flew Over the Cuckoo's Nest.
 EarlzP
Joined: 12/9/2007
Msg: 50
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History
Seriously, is this administration crazy??
Posted: 7/11/2009 4:53:37 AM

What's really funny, is how liberals think they know what conservatives think. They use the same thought process that they use for themselves, which confuses them. Just because Bush was a republican, doesn't mean that conservatives support everything he did. I know his Presidency is history, but trying to change that history so soon, only makes you look silly. During the first 6 years of his presidency the economy was growing. Even if it was growing on shaky ground.
If you want to look back at Clinton, then get it right too. His first two years were not going well. Then Newt Gingrich, and the Republicans took over Congress. Clinton's economic polices very much began too resemble Presidents Reagan's. With limited government, and letting the people keep more of there own money. Remember that all of these latest Repub Presidents also had to rebuild our military, that liberal always likes to cut.
Of course obama is only cutting the spending of our military. The rest he is increasing the spending to pay back those who help get him elected. Obama would be smart to copy Clinton's economic plan, not the goofy one he is following now. [/quote}

What we really need is a fact check program here at the forums, a program that would automatically eliminate or high light non factual content, probably high lighting would be better that way our freedom of speech would be protected but pure BS like you spout off with "most" of the time would be made obvious to you, trying to stick to the facts with you is exhausting maybe that's what you have in mind
 wisguyingb
Joined: 1/5/2008
Msg: 51
Seriously, is this administration crazy??
Posted: 7/13/2009 5:22:30 PM
I think one big reason that AIG got itself into trouble is that they insured many of those mortgage backed securities. Their failure became imminent as more and more people defaulted on their mortgages, and they (AIG) had to keep covering the claims of the now toxic mortgage backed securities. Or something like that. Correct me if I'm wrong, but I think we were told that AIG was "Too Big to Fail?" And bailed out by the Federal Government, I mean us the taxpayers...
 EarlzP
Joined: 12/9/2007
Msg: 54
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History
Seriously, is this administration crazy??
Posted: 7/18/2009 10:25:46 AM

Spend to save?? We should have elected my wife. She's an expert in the field


It's easy to be critical, what is your answer to the present economic mess we are in, let me wager a guess, you think we should give more tax breaks to big business?
 EarlzP
Joined: 12/9/2007
Msg: 57
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History
Seriously, is this administration crazy??
Posted: 7/19/2009 11:31:37 AM

Earl, you're right. It's easy to be critical of this administration. Their actions make them easy targets for criticism. But, let me give you answer to what I'd do. First, I would have vetoed the stimulus bill. It wasn't designed to provide economic stimulus as much as it was designed to pay off political allies and enhance Obama's reelection. For about the same price we could have had a tax holiday for all citizens for a year. Not that I like the idea, but it would have had an immediate effect. Here's a list of things which I feel should be done:


Being critical is always easy.


1. Tax incentives for business to build new production facilities or expand existing ones.


So since the Reagan administrations big business has had their hands in the tax incentive jar and you want to give them more?


2. Remove most, if not all, the govermental red tape to that expansion.

Right lets give them the money to expand and then remove all regulations just in case they actually use the tax incentives


3. Cut the capital gains tax rate to provide the money for the expansions.


There is answer lets give these modern day carpetbaggers carte blance

4. Extend the accelarated depreciation schedule to allow the amortization of costs quicker.
5. Stop immediately trying to artifically maintain home values and mortgage rates low.
6. Reinstate the tax exemption for interest earned on savings accounts indexed for inflation to today's dollars from where it was when it ended.
7. Implement a hiring freeze of most new federal government workers except for the military services and the Coast Guard.
8. Eliminate the Departments of Energy and Education.
9. Encourage through the tax code a movement towards the use of nat gas a the primary fuel for transportation. And drill, drill, drill.
10. Make the tax code simplier. In fact, I'd entertain the idea of moving to a flat tax.

I stopped after #3 because big business has had an opportunity to grow their businesses and have chosen to move over seas so I have some better idea's

1-Lets tax any thing that they produce overseas and then bring in this country, we need to put a stopper in the economic drain

2-Lets cap prices on all essential items and if the companies effected are opposed lets nationalize their assets and we can take over running them

3- Take back the stimulus money and earmark where every cent of it goes, prioritize stimulus spending by the potential savings each project has

4- Subsidize the private car manufacturer who has developed an electrical car and spend spend spend to move our country from fossil fuel dependence to the new century

I think there are a lot of things that we can do to jump start our economy but way down the bottom of my list would be to let the power junkies put their greedy hands back into the tax incentive jar.

Their is a saying it goes desperate times call for desperate measures I think President Obama should declare an national emergency so that he does not have to deal with the senate or the congress and all of their game playing, your suggestions are just more of the same policies that got us to the point of where we are today.

What else do they say same old s-it same old stink
 EarlzP
Joined: 12/9/2007
Msg: 58
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Seriously, is this administration crazy??
Posted: 7/21/2009 1:22:05 AM

I think that takes the cake as being the most un-American post I saw in these forums........


Un-American? Un-American is when you tell lies to the American people and their reps and use those lies to invade another nation, Un-American is when you stand in front of the American people a week before the economy goes into the tank and tell them that the fundimenals of our economy are strong, Un-American is when you sell your vote to a lobbyist that special interest send to Washington to ensure that you can still rob the American tax payer, Un-American is when a large corporation like Exxon raises it's prices at the pump to 4 dollars a gallon when you know that the economy is in the tank, Un-American is when you are a lending institution like BOA and you raise your interest rates from 6% to 30%



I sure some dem's would also like to see obama to become leader of the world. The new one world ruler for life. Of course your other four wishes are pretty dang stupid too.........


When and if god forbid the republicans ever get back in office and can complete the job they started of pilfering the last cent from America you may see a new world leader , my advice would be to start taking lessons in Chinese.
 EarlzP
Joined: 12/9/2007
Msg: 60
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History
Seriously, is this administration crazy??
Posted: 7/21/2009 4:29:28 AM

Then by that definition would the Obama administration be unAmerican by lying to the American people and their reps??
From the Washington Post, "..... the administration has badly underestimated how much unemployment would rise even with its $787 billion economic stimulus plan in place. Those missed projections have led some critics to question the credibility of the administration's economic forecasts ......."


One is called PROJECTION based on available information, the famous Bush statement "the fundimentals of our economy are strong was either an out right deceptive misleading statement or shows how poorly his administration with all of his economic advisors were able predict not the immediate future but the present condition of our economy,which do you think it was? Remember he knew he was on the way out?


Now if I knew unemployment would go above 10% back last fall and early this year GDP growth would be negative in the 3rd and 4th quarters this why didn't the administration?? Or did they and just spout off numbers to justify the political pork bill call stimulus, cap & trade, and UHC.


Since the majority of the stimulus money has not been used it potential to control the unemployment rate has been undermined, I think the mistake that President Obama made was to think that the republicans would put the good of the country ahead of their own selfish greedy interests


Once again I'll say this administration is economically challenged and/or they're deliberately lying so as not to scare off the remaining support they have for their agenda. Here's my newest economic prediction which I challenge you to save and call me on it if I'm wrong. Full employment (nominally defined as an unemployment rate of 3.5%) will not return until 2015.


Well let's see so you apparently think President Obama will be re-elected in 2012, if that is the case reaching 3.5 % will be a pretty good achievement, now here is my wager if the republicans get back in office our economy will be in a major depression exactly where it would be right now without President Obama in the white house.

It's pretty hard to get things done when the republicans call in thier carpetbagging buddies (special interest lobbyist) to buy off the people we elect to represent us ie: 350 lobbyist to spread 474,000,000 dollars and thats just to defeat the health care plan
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