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The University of Chicago Democrat

Discussion in 'Off-Topic' started by JerichoHill, Aug 21, 2008.

  1. JerichoHill

    JerichoHill Bedrock of Knowledge

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  2. Richard Cribb

    Richard Cribb He does monologues

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    Thanks for an interesting article.
    I haven't had the time to read it properly, but it seems to me that it should at least contribute to put to rest the myth about that wild left-radical Obama.
     
  3. Zebra 9

    Zebra 9 Emperor

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    Ok could you paraphrase it, just give the main points, an outline? I don't feel like reading through an 8 page document telling me what a person I'm not voting for anyways wants to do.
     
  4. mangxema

    mangxema I

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    On the title:

     
  5. El_Machinae

    El_Machinae Colour vision since 2018 Retired Moderator

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    It's too bad you're not going to read it, Obama's grasp of economics is really quite rational. There's a lot about general economics to be learned in that article. And America really could use a more educated populace in that regard.

     
  6. Zebra 9

    Zebra 9 Emperor

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    Well since JerichoHill asked us not to turn his thread into a "partisan bickering contest" I will respect that and not say what I would have said.

    P.S. I didn't say I wouldn't read it, I said I didn't feel like reading it. So if you guys can wet my appetite I might read it. ;)
     
  7. Fifty

    Fifty !!!!!!!!!!!!!!!!!!!!!!!!!

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    EGGCORN ALERT!!!!!!! :rudolf:


    on topic: I shall read the article and forward it to my father who persists in thinking that Obama is a "socialist". :lol:
     
  8. Zebra 9

    Zebra 9 Emperor

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    Well it is easy to think that way, although I doubt he could be classified as a socialist.
     
  9. Fifty

    Fifty !!!!!!!!!!!!!!!!!!!!!!!!!

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    Sure, if you have no idea of either i) what socialism is, ii) what Obama's policies are, or iii) what it means for something to exemplify some property.
     
  10. Zebra 9

    Zebra 9 Emperor

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    I'd agree complete (I think, not totaly sure what point iii means, but that is off thread topic).
     
  11. classical_hero

    classical_hero In whom I trust

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    Considering he is way opposite of my social conservatism, there is no way I would ever vote for him, even if I were American.
     
  12. Merkinball

    Merkinball Deity

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    Quite rational? Barack Obama is gonna magically create 5 million jobs out of thin air.

    “We are not standing on the brink of recession because of forces beyond our control,” Obama told a town hall forum in Austin. “This was not an inevitable part of the business cycle. It was a failure of leadership in Washington — a Washington where George Bush hands out billions of tax cuts to the wealthiest few for eight long years, and John McCain promises to make those same tax cuts permanent, embracing the central principle of the Bush economic program.”

    So, the Bush tax cuts — in the wake of a recession that Democrats denied was occuring approximately eight years ago — were caused by giving tax cuts “to the wealthiest few”? These were the same tax cuts that removed hundreds of thousands of low-income people from the tax rolls altogether and made the income tax even more progressive than it was before.

    So, Obama would raise taxes to kickstart the economy? That has worked when exactly?

    “Obama will raise the minimum wage and index it to inflation to make sure that full-time workers can earn a living wage that allows them to raise their families and pay for basic needs such as food, transportation, and housing.”

    In "The Audacity of Hope," Mr. Obama recognized that a tariff on imported steel may provide temporary relief to American steelmakers, but that it would also make every American manufacturer that uses steel, from carmakers to home builders, less competitive.

    Yet on March 4, he spoke of "entire cities that have been devastated as a consequence of trade agreements that were not adequately structured to make sure that US workers had a fair deal." To workers in a cold warehouse, he claimed that NAFTA has destroyed 1 million American jobs, "including nearly 50,000 jobs here in Ohio." As president, he vowed, he will not "stand idly by while workers watch their jobs get shipped overseas." He has called for a "timeout" on free trade treaties.

    Obama says the economic policies of the past eight years "haven't worked. It's time to leave them in the past where they belong. It's time for something new."

    What he's proposing is a lot of new taxes and regulations on the wellspring of most of the jobs in this country: businesses, investors, trade and the U.S. industries who produce our oil and gas. You do not strengthen our energy posture by raising taxes on the people who produce and sell it, or by imposing a ban on offshore exploration and drilling.

    Obama's misunderstanding about the fundamentals of our economy is truly breathtaking when you examine who he intends to go after if he wins in November.

    He wants to slam the breaks on trade agreements when that is the one pillar holding up much of our economy right now. He wants to pile on a lot of government regulations on banks and Wall Street when subprime-mortgage buyers who couldn't afford them largely caused the mortgage debacle (and when the Fed has already rewritten the rule book on the industry's lending standards). He wants to shovel out another $50 billion in giveaways to the states for more public-works programs when the economy is in need of liquidity that comes from lower taxes on businesses (he would raise their taxes), investors and taxpayers. This doesn't make any sense, and it will further weaken an economy that is already overtaxed and overregulated.
     
  13. Zebra 9

    Zebra 9 Emperor

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    It stuff like what Merkinball mentioned that makes me not want to read it. Because why should I want to read something that I don't need to know because it will not change my opinion to any great degree. I already feel the way Merkinball evidently feels, and that is that Obama knows little of real world economics.
     
  14. I'm Cleo!

    I'm Cleo! Deity

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    Here are some links to the articles / blogposts that Merkinball seems to have copied-and-pasted from.

    Cleo
     
  15. Merkinball

    Merkinball Deity

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    You're missing a few.
     
  16. Patroklos

    Patroklos Deity

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    Does his budget still raise spending by a half a trillion dollars while destroying our tax revenue through capital gains hikes?

    Thats really all you need to know.
     
  17. El_Machinae

    El_Machinae Colour vision since 2018 Retired Moderator

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    Merk and Pat, it's very likely that Obama will be your next president. Instead of encouraging people to not read an analysis (??? seriously, wth???), it would actually be a good idea to look at it yourself. You'll see where his policy ideas are coming from, and thus you'll be able to push for the portions you prefer and fight the parts which you don't like. Just spending all the time fighting the parts you don't like won't be of much use, since they'll probably happen anyway, just more slowly. You want to push the 'good parts' fast, so that their benefits are realised as quickly as possible.

    With an understanding that real wages have not increased at the median level, page 5 is very enlightening.
     
  18. Bill3000

    Bill3000 OOOH NOOOOOOO! Supporter

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    If you're not going to read it, don't bother posting. :)
     
  19. Zebra 9

    Zebra 9 Emperor

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    How are we supposed to keep on the topic of the link if the link says "http://www.nytimes.com/2008/08/24/ma...nted=1&_r=2&hp," what does that mean LOL.

    Ok, I'll skim it so I don't make people mad. ;)
     
  20. Merkinball

    Merkinball Deity

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