The Obama Economy

[cobra bill]

This money would have been used for the bailout even if McCain were to be in office, too much of our economic condition was kept secret, do you believe for a second that McCain would have said that the core of our economy was sound if they had told him? I don't believe for a second that he's that dumb! and other then the experts on FOX I know pretty funny, all the other experts say we have not spent enough. So if we have to spend, then we need to spend on infrastructure, something that will give us a long term return on our money, not tax relief for the wealthy that has proven to be ineffective.

[cobra de capell]

Originally Posted by cobra bill

This money would have been used for the bailout even if McCain were to be in office, too much of our economic condition was kept secret, do you believe for a second that McCain would have said that the core of our economy was sound if they had told him? I don't believe for a second that he's that dumb! and other then the experts on FOX I know pretty funny, all the other experts say we have not spent enough. So if we have to spend, then we need to spend on infrastructure, something that will give us a long term return on our money, not tax relief for the wealthy that has proven to be ineffective.

The view from the left is always good for a laugh.

Say, Bull - do you actually believe that anyone here cares what you have to say about the economy? We can get the same view from Network news or the dailykos or even the democratunderground - you should go there and post with your leftwingnuts. By the way, "economic condition was kept secret" sounds like a conspiracy - I wonder if the stock market knew and when it knew it. Also - generalization such as "all the other experts say we have not spent enough" - that's a lie. Too bad that's not criminal, I'd make a citizens arrest.

[Juggernaut]

cobra bill: "So if we have to spend, then we need to spend on infrastructure, something that will give us a long term return on our money, not tax relief for the wealthy that has proven to be ineffective."

cobra bill, I'm not an economist and I've heard that statement you made many times in the past month. Please explain to me exactly how the above statement you made will help us and give me an example of how it has stimulated the economy in the past.

Please educate me.

Thanks

[cobra bill]

cobra bill, I'm not an economist and I've heard that statement you made many times in the past month. Please explain to me exactly how the above statement you made will help us and give me an example of how it has stimulated the economy in the past.

Please educate me.

Thanks[/quote]

Well it's pretty simple, if we spend money to repair infrastructure, that money will go to small businesses who bid on the work, they in turn hire people to do the work, they in turn buy things because they are happily employed, this keeps other people building those things, keeping them employed, and they in turn spend money as well, and so on and so on, there by stimulating the economy.
OK I know there are those small minded people out there that will throughout some distracting childish name calling, and that's fine! if all they can do is call people names and have no ideas of their own, it's no wonder we find ourselves ware we are, we have had 28 years to study reaganomics, and it's an outright failure! trickle up works, not trickle down. and by the way calling me a liberal does not hurt my feelings, I am proud to be a liberal.
it's been 30 years of hate radio that has been spewing out all this rhetoric about the evil liberals, NOT SO, I am an American first and foremost, I volunteered to fight for my country and I have been in service to my country for the last 35 years, and I will always put country first not politics. That said I will be the first to stand up when a group of crazed lunatics take over a political party and subvert the constitution, as shown by the last administration, and yes because of that for the first time in my life I participated in getting someone elected to office, had it been the democratic party involved in the same criminal behavior I would be working for the opposing party to get them elected, it is after all our only recourse as a citizen.

[VRM]

C B,
Trickle down does not work by itself. Neither does trickle up. You have to balance the two for the best effect.
Henry Ford got it right when he paid his employees enough to be able to afford the product he manufactured.

Some spending on infrastructure is good because of the reasons you mentioned. But I just don't think that the spending bill is a good one. Too much pork, and not enough of a bold and simple statement to the middle class who really are the only ones who can start the turnaround in the short term.

Steve

[Juggernaut]

cobrabill:

Sounds good in theory, but do you have an example to show that it works?
I see that as possibly a short term fix, but what about the HUGE deficit it creates for our grandchildren to contend with? What's in their future?? Where is the money coming from, gotta think about that too. We simply DO NOT have the money. Seems like a stupid business decision to me.

And if I own a small business selling saddles, horse supplies, etc., how exactly does rebuilding infrastructure help me?

28 years of reagonomics, been pretty good for me, probably pretty good for you to.

Don't talk about name calling either, a ton of your liberal politicians have been doing exactly that with Bush for the last 8 years and some left wing wackos are still doing it!

30 years of hate radio as you call it haven't formed my views of liberals, I formed my own views of them by watching what they do & how they act. Don't try to blame talk radio for the way liberals are perceived, thats pretty lame.

By the way, how do you like the way Pelosi is running the country so far, Obama is just a puppet.

Of course, this is just my right wing, hate monger, wacko opinion.

Thanks for the education.

[Fred Douglass]

....I'd only add my explanation of those earmarks.........have you seen the Obamessiah's freakin' EARS?

Oh......my.....dawg! First and foremost, he definitely is Pinnochio----but he's also DUMBO----and wait 'til he flies over and unloads some more Dumbo "product" on us! That's usually daily, isn't it? Or is it hourly?

Ar-ar-ar-OOOOOOOOOOOOOOO-gah!

[Dan40]

Originally Posted by cobra bill

This money would have been used for the bailout even if McCain were to be in office, too much of our economic condition was kept secret, do you believe for a second that McCain would have said that the core of our economy was sound if they had told him? I don't believe for a second that he's that dumb! and other then the experts on FOX I know pretty funny, all the other experts say we have not spent enough. So if we have to spend, then we need to spend on infrastructure, something that will give us a long term return on our money, not tax relief for the wealthy that has proven to be ineffective.

A nation is no different than an individual.

What is the logic of telling a man, already so deep in debt that it seems impossible to ever get out, that his salvation is to spend even more, and faster, and all will be well.
That method does not cure, does not correct, it just prolongs.

You can pick a tiny segment of any economy and see the whole thing. And it constantly repeats itself, IF LEFT ALONE TO DO IT.
Take the video rental business. It flourished with a rental store on every corner. Generating hundreds of millions of dollars of business. But it overcooked and had to shake out. It did that, then it got superseded by technology. No different than the entire economy, it waxes and wanes, ACCORDING TO THE MARKET, not the politicians.
Its REALITY, a concept seemingly impossible for liberals to grasp.

Dan

[cobra de capell]

Those interested, first go to...

http://market-ticker.org/archives/84...e-America.html

Second, to......

http://market-ticker.org/

Both articles concern "The Bezzle" - that is, our government's refusal to uphold the law and force the truth to be disclosed both publicly and to investors.

About "The Bezzle":

There’s a name for the part of the cycle we’re in — It’s called the “bezzle.”

Richard Parker of Harvard’s Kennedy School knows all about it. Professor Parker good to have you with us.

PARKER: Delighted to be here.

VIGELAND: So, tell us. What is the “bezzle?”

PARKER: The “bezzle’s” a term that was coined by the American economist John Kenneth Galbraith in a book called “The Great Crash: 1929” which he wrote in the middle of the 1950s. What he recognized was that at any given time there is a certain amount of embezzlement going on in the economy. Now this falsely inflates the sense of the total wealth of the economy at that moment. Because, not only does the embezzler now have substantial resources under his control but the embezzled does not yet know that he or she has lost those resources. And so there’s, in effect, a kind of double counting of wealth of both the victim and the victimizer. And the inventory of that duplicity is what Ken called the bezzle.
____

No matter how bad you think it is, it will be 1,000,000 times worse.

Radioactive mutants. Radroaches. A barren wasteland with scorched trees and horrid scrub brush will hid the mangled corpses and gnawed bones of the lucky - those who died early.

This is the reality. Get used to it. I voted for McCain.

[VRM]

Originally Posted by cobra de capell

____
This is the reality. Get used to it. I voted for McCain.

Good articles - thanks for posting them.

While I agree that Obama is doing a lousy job with this how would McCain have done better? After all - his campaign financial adviser was one of the guys who got us into this mess.

Big (like $4-5K) tax cuts for the middle class are about the only thing I see getting us out of this quicker than just waiting it out.

[cobra de capell]

Originally Posted by VRM

Good articles - thanks for posting them.

While I agree that Obama is doing a lousy job with this how would McCain have done better? After all - his campaign financial adviser was one of the guys who got us into this mess.

Big (like $4-5K) tax cuts for the middle class are about the only thing I see getting us out of this quicker than just waiting it out.

I'm with you on the tax cuts - also, business tax cuts for a year or so - no capital gains tax for two years. In addition, allow all non-financial institution entities that are in trouble to go bankrupt (GM, etc)

Although it's true that McCain may not have done much better - McCain's policies and statements more than likely would not have done the damage that Obama has done and is doing.

What's happening at the White House level is clearly summed up within this statement..........

“You never want a serious crisis to go to waste,” said Chief of Staff Rahm Emanuel. “This crisis provides the opportunity for us to do things that you could not do before.”

It's those "things" that are compounding the problems within the economy.