Berzerker
Deity
his momma's name is Stan?
his momma's name is Stan?
Debt =/= deficit. There is $13trillion because Republican policies ran up 90% of that. And most of the deficit that Obama signed is caused by Republican policies as well. They are the ones that ran the economy over a cliff, after all.
Who ruined the economy again?
Not with a Congress as conservative as this one, in any case. And since the Congress is headed more conservative, rather than less, then there's no hope of fixing problems.
Let me tell you something, with all the useless spending Obama is doing, he is making the Republicans look like, they know very little about spending money! That to me is quite amazing, he is like a modern day Marie Antoinette. The only problem is she at least spent the money on herself, what our president's excuse? Some democrat he is, iy yi yi!
Let me tell you something, with all the useless spending Obama is doing, he is making the Republicans look like, they know very little about spending money! That to me is quite amazing, he is like a modern day Marie Antoinette. The only problem is she at least spent the money on herself, what our president's excuse? Some democrat he is, iy yi yi!
That makes not the least little bit of sense. First, a sizable part of Obama's deficit is the structural deficit he inherited from Bush. The second part of it is the economy he inherited from Bush.*
The third part is various stimulus spending, which is one off events, and not the ongoing deficit. And was considered necessary by virtually everyone at the time. While some argue that it might not have been necessary, it would have been insane at the time to not have done it.
And the forth, and the only part that Obama really deserves much blame for, is the health care overhaul. And, recall, it was the Republicans that fought for public support to strip out any provision of the bill that was designed to reduce costs.
So yes, compared to any Republican, Obama is a fiscal conservative. And the deficits remain primarily the Republican's fault.
So this argument started with the idea that conservatives do not know Obama. And you have proven that to be true by trying to blame Obama for the actions of conservatives.
* A recession causes both a decrease in tax revenue and an increase in entitlement spending. These things are automatic, and have nothing to do with the group in power's actions.
I'll give you the first part, the minute he's sworn in office, its not his fault right away. That the economy hasn't been improving though is his fault.
I'm not arguing the GOP are fiscal conservatives though. Just more than the Dems.
Umm.... In 2008, NOBODY knew Obama as he literally came from nowhere and objectively was not a good choice for the job. Once he won of course, everyone knew who he was but he still kept his agenda veiled under the codeword "Change." Now, everybody knows Obama, and that's why he's unpopular whereas in '08 he was popular (Which was really only because George W was unpopular)
Careful there with your more than Dems comment. Modern History (Post WW2) begs to differ:
The US Senate is nowhere?
Oh, and one more on the economy. While the last few quarters have not been so hot, the overall trend line from when Obama took office is quite positive.
So the economy has indeed improved since he took office.
I had a bit of a stupid moment there- "Jeez, what's with that spike under Truman? Somebody really dropped the ball th- oh, crap, right, the war."
It looks like job growth started under Bush. Maybe it means we were just slowly coming out of the recession?
It looks like job growth started under Bush. Maybe it means we were just slowly coming out of the recession?
Yet the Dems continue to increase the debt.
I'll give you the first part, the minute he's sworn in office, its not his fault right away. That the economy hasn't been improving though is his fault.
Yep. Because we're climbing out of the recession. Already were, DESPITE Obama, not because of him.
In this day and age of society-wide short term memory loss and pitiful attention spans (thank you television) does anyone think it's a viable political strategy for a lame duck president to time tanking the economy upon their leaving office? E.g. if you're already unpopular and there is a good chance the opposing party will win the election, put the country in a nosedive so that the next President has to ride out a crappy economy and it's easy to blame him or her for it?
I'm going to call Karl Rove and explain this new tactic to him.
What sort of opposite definition of "growth" are you using here?
I advise you, take a look at this graph:Yet the Dems continue to increase the debt.
These sentences don't even make sense, let alone come close to being a coherent argument. Organize your thoughts better if you want us to take them seriously.
ECONOMIC SCENE: Did Obama's stimulus plan work?
By David R. Francis, Staff Writer / October 6, 2009
With economic statistics suggesting the recession has ended, a new debate is heating up over the role of the big US stimulus package. Did it help speed the economic revival or not? The conclusions are flying fast – and they’re contradictory.
It “had a substantial positive impact on the growth of real gross domestic product (GDP) and on employment in the second and third quarters,” President Obama’s Council of Economic Advisers (CEA) concluded in a Sept. 10 report.
“It didn’t [work],” says Brian Riedl, an economist at the conservative Heritage Foundation in Washington.
All of this is a bit premature, of course. It takes time for $787 billion to wend its way through the economy – and even more time to track it.
Four-fifths of the stimulus money hasn’t been spent yet. The CEA concedes its 42-page report draws from a wide variety of estimates – estimates that concur, by and large – but not hard numbers: “It must ... be regarded as preliminary and understood to be subject to considerable uncertainty.”
Still, you can’t pump $151 billion into the economy and not see something.
For instance, the bill gave fiscal relief to the states, most facing large budget shortfalls. It thereby averted in some degree layoffs of state and municipal workers.
The White House agency holds that these outlays played “a key role” in changing the economic trajectory. It suggests that the stimulus effort added “roughly 2.3 percentage points to real GDP growth in the second quarter and is likely to add even more to growth in the third quarter.” The stimulus probably added between 600,000 and 1.1 million jobs (relative to what would have happened without stimulus) as of the third quarter.
All of this is a shell game, counters Mr. Riedl. The rescue money comes from taxpayers or other parts of the economy and thus has no positive impact on the economy, he maintains. “It’s totally zero-sum.”
One factor that will ultimately determine the effect of the stimulus is what economists call “the multiplier effect.” If taxpayer money pays someone to build a bridge, the builders spend a share of that money on, say, clothes or a flat-screen TV. This gives the clothing and electronics retailers more money to spend as they see fit. And so on.
If the stimulus works well, the money will turn over several times. If it doesn’t, the government funds will have little oomph.
The stimulus was poorly designed and not very large in relation to GDP, argues Harvard University economist Benjamin Friedman. Thus, the impact on the economy “should be modest.”
Yet the package stands as the largest stimulus effort in US history, at 2 percent of 2009 GDP. Moreover, it is larger than most of the 20 national stimulus packages passed this year, such as Britain’s (1.5 percent of GDP), Canada’s (1.7 percent), and Italy’s (0.1 percent). The US effort is topped by only a few, including South Korea’s (3 percent), Russia’s (2.9 percent), China’s (2.6 percent), and Japan’s (2.4 percent).
In the US, 75 percent of the package is supposed to be deployed in the first 18 months – that is, before the end of 2010. So the next few months could be telling.
“It’s very early to make a final or quasi-final judgment” on whether the package provided a good boost to the economy, says Anne Vorce, an economist at the Committee for a Responsible Federal Budget, a bipartisan Washington group pushing for taming the budget deficit. Nonetheless, she figures the cost of stimulus action was lower than the cost of inaction would have been.
It is almost a year old.Article date said:October 6, 2009
Not true. I feel he didn't go far enough with health care reform.storical said:To the dems, whatever he does is right, and that is that.
Link. That article lacks one.
Timliness, that article lacks.
It is almost a year old.
Not true. I feel he didn't go far enough with health care reform.