Members ambient Posted February 11, 2009 Members Share Posted February 11, 2009 For a week he was the ONLY new story. Seems like I haven't heard anything since. Could a combination of living in Australia and not watching the news/reading the paper as much as I would like lately. Has he done any good? Has he done any evil? Link to comment Share on other sites More sharing options...
Members miggy01 Posted February 11, 2009 Members Share Posted February 11, 2009 Stimulus plan isn't too popular. He may be getting a Portuguese Water Dog though Link to comment Share on other sites More sharing options...
Members matterday Posted February 11, 2009 Members Share Posted February 11, 2009 The first week he got the easy stuff out of the way. Now he's on to stuff that deals with Congress and we know how much they like to bicker back and forth and not get anything done. Link to comment Share on other sites More sharing options...
Members Stratman Tigers Posted February 11, 2009 Members Share Posted February 11, 2009 I give him a B+ thus far. Imagine someone shat in a toilet, but the pipe is clogged with paper towels. Thats what Obama's dealing with. He's the janitor who has to clean it up Link to comment Share on other sites More sharing options...
Members houseofglass21 Posted February 11, 2009 Members Share Posted February 11, 2009 No trust me, they won't shutup about him over here in the US. CNN can't go 5 seconds without reporting on something Obama related. BREAKING NEWS: Obama just took a shower. Link to comment Share on other sites More sharing options...
Members V Posted February 11, 2009 Members Share Posted February 11, 2009 Actually the stimulus is only unpopular with really hardcore conservatives and the Republicans in congress. Most everyone else is pretty ok with it. Link to comment Share on other sites More sharing options...
Members ambient Posted February 11, 2009 Author Members Share Posted February 11, 2009 So the more significant stuff was done within the 1st few days? Closing gitmo, capping whitehouse salaries etc? Link to comment Share on other sites More sharing options...
Members matterday Posted February 11, 2009 Members Share Posted February 11, 2009 The easier stuff was done first. Stuff he could get done with a flick of a pen. Link to comment Share on other sites More sharing options...
Members Jules-RM Posted February 11, 2009 Members Share Posted February 11, 2009 Actually the stimulus is only unpopular with really hardcore conservatives and the Republicans in congress. Most everyone else is pretty ok with it. Wrong there. I know quite a bit about economics and history (two of my favorite interests, besides music, french new wave film, and chocolate. Oh and kitties!), enough to know this doesn't have a snowballs chance in hell of helping, it'll mostly likely make things worse. No one is going to loan us the money to fund all this (believe it or not, most are in worse shape than we are), we'll just wind up printing money. Mega inflation here we come! And what is the cure for out of control inflation? A forced recession. If we don't print money taxes will have to go up on everyone, not just the rich bastards. We're {censored}ed, I'm afraid. Get rid of the mark to market rule, fix short selling, lower capital gains tax and lower payroll taxes for everyone under $150,000/yr. Really, that would fix things VERY quickly. Link to comment Share on other sites More sharing options...
Members ambient Posted February 11, 2009 Author Members Share Posted February 11, 2009 Wrong there. I know quite a bit about economics and history (two of my favorite interests, besides music, french new wave film, and chocolate. Oh and kitties!), enough to know this doesn't have a snowballs chance in hell of helping, it'll mostly likely make things worse. No one is going to loan us the money to fund all this (believe it or not, most are in worse shape than we are), we'll just wind up printing money. Mega inflation here we come! And what is the cure for out of control inflation? A forced recession. If we don't print money taxes will have to go up on everyone, not just the rich bastards. We're {censored}ed, I'm afraid. printing money would be Link to comment Share on other sites More sharing options...
Members The Great Waldo Pepper Posted February 11, 2009 Members Share Posted February 11, 2009 The stimulus was successfully watered down by the Republicans and "centrist democrats" who will turn around and not support it. But leave it on the Presidents lap if he signs it. Brilliant politics at the expense of the world economy. Gotta love blind partisanship at work. Wrong there. I know quite a bit about economics and history (two of my favorite interests, besides music, french new wave film, and chocolate. Oh and kitties!), enough to know this doesn't have a snowballs chance in hell of helping, it'll mostly likely make things worse. No one is going to loan us the money to fund all this (believe it or not, most are in worse shape than we are), we'll just wind up printing money. Mega inflation here we come! And what is the cure for out of control inflation? A forced recession. If we don't print money taxes will have to go up on everyone, not just the rich bastards. We're {censored}ed, I'm afraid. Link to comment Share on other sites More sharing options...
Members Jules-RM Posted February 11, 2009 Members Share Posted February 11, 2009 printing money would be What do you think the fed has been doing the last 6 or so years? It's a major reason we're in this mess, along with the artificially low interest rates. Link to comment Share on other sites More sharing options...
Members Secret Seasons Posted February 11, 2009 Members Share Posted February 11, 2009 His press conference and today's town hall were magnificent. The only real cure for the economic crisis is a restoration of confidence--and that is exactly what Obama is doing. We're not {censored}ed. Well, ok, we're pretty {censored}ed, but at least we've got competent leadership. We will get through it. Link to comment Share on other sites More sharing options...
Members The Great Waldo Pepper Posted February 11, 2009 Members Share Posted February 11, 2009 Get rid of the mark to market rule, fix short selling, lower capital gains tax and lower payroll taxes for everyone under $150,000/yr. Really, that would fix things VERY quickly. I agree on the fix'd short selling but I disagree on lowering capital gains as it wouldl only be a short term bump and do nothing about long term problems. RAISING taxes on people who earn more than $3,000,000 a year would balance the budget. I mean who CAN'T live off of less than $3M a year? Link to comment Share on other sites More sharing options...
Members Jules-RM Posted February 11, 2009 Members Share Posted February 11, 2009 I agree on the fix'd short selling but I disagree on lowering capital gains as it wouldl only be a short term bump and do nothing about long term problems. RAISING taxes on people who earn more than $3,000,000 a year would balance the budget. I mean who CAN'T live off of less than $3M a year? Lowering the capital gains tax would encourage investing in business, if businesses have more cash they can hire more people and expand. How is that hard to figure out? And there is nowhere near enough people making $3m a year to balance the budget. Link to comment Share on other sites More sharing options...
Members ambient Posted February 11, 2009 Author Members Share Posted February 11, 2009 Lowering the capital gains tax would encourage investing in business, if businesses have more cash they can hire more people and expand.How is that hard to figure out? You mean trickle-down? well. Link to comment Share on other sites More sharing options...
Members Jules-RM Posted February 11, 2009 Members Share Posted February 11, 2009 You mean trickle-down?well. Businesses do not horde capital, it is worthless unless you invest it in growth. It's like putting cash under a mattress. Link to comment Share on other sites More sharing options...
Members The Great Waldo Pepper Posted February 11, 2009 Members Share Posted February 11, 2009 Lowering the capital gains tax would encourage investing in business, if businesses have more cash they can hire more people and expand.How is that hard to figure out?And there is nowhere near enough people making $3m a year to balance the budget. Has it worked the last 8 years? Be honest man. When you lower taxes on the ultrarich they aren't going to invest in new jobs, it simply hasn't happened. Has it? Nope! They will invest that money in stocks, in the process inflate a bubble, in short time everybody loses. ESPECIALLY the squirrels who dance amongst the elephants. How hard is it for you to figure out that you can't do the same thing over and over and expect different results. Hasn't looking at the past 8 years been enough evidence? Link to comment Share on other sites More sharing options...
Members Jules-RM Posted February 11, 2009 Members Share Posted February 11, 2009 Has it worked the last 8 years? Be honest man. When you lower taxes on the ultrarich they aren't going to invest in new jobs, it simply hasn't happened. Has it? Nope! They will invest that money in stocks, in the process inflate a bubble, in short time everybody loses. ESPECIALLY the squirrels who dance amongst the elephants. How hard is it for you to figure out you can't do the same thing over and over and expect different results. Hasn't looking at the past 8 years been enough evidence? Why are we in this mess? 1. The Fed printing money2. Short selling3. Banks giving home loans to people who can't afford it4. Mark to market rule The stock market crashed not because of capitalism, but because of government actions and inaction - depending on who was giving cash to which politician. Some laws on the books were not enforced, and people were told to do things that are crazy. Where do you think the money invested in stocks go? It goes to companies that EMPLOY PEOPLE that create goods to consume or provide services. If you can't understand the basics of economics, it's not my job to educate you. Link to comment Share on other sites More sharing options...
Members Blitzraptor007 Posted February 11, 2009 Members Share Posted February 11, 2009 Why are we in this mess? 1. The Fed printing money 2. Short selling 3. Banks giving home loans to people who can't afford it4. Mark to market rule The stock market crashed not because of capitalism, but because of government actions and inaction - depending on who was giving cash to which politician. Some laws on the books were not enforced, and people were told to do things that are crazy. Where do you think the money invested in stocks go? It goes to companies that EMPLOY PEOPLE that create goods to consume or provide services. If you can't understand the basics of economics, it's not my job to educate you. Bingo! I completely agree with you, and I couldn't say it any better Link to comment Share on other sites More sharing options...
Members The Great Waldo Pepper Posted February 11, 2009 Members Share Posted February 11, 2009 Riddle me this. If you were a bank giving a person a loan knowing full well they could never pay it back, you as the bank made a BAD business decision. Right? Companies do not gain ANYTHING if I buy their shares on the market. Thats just not the way it works. 5. Tax cuts for people who already have more money than they know what to do with.6. $1T wars. Why are we in this mess?1. The Fed printing money2. Short selling3. Banks giving home loans to people who can't afford it4. Mark to market ruleThe stock market crashed not because of capitalism, but because of government actions and inaction - depending on who was giving cash to which politician. Some laws on the books were not enforced, and people were told to do things that are crazy.Where do you think the money invested in stocks go? It goes to companies that EMPLOY PEOPLE that create goods to consume or provide services.If you can't understand the basics of economics, it's not my job to educate you. Link to comment Share on other sites More sharing options...
Members The Great Waldo Pepper Posted February 11, 2009 Members Share Posted February 11, 2009 If you can't understand the basics of economics, it's not my job to educate you. Thing is you don't understand that Friedman died a bit too soon to see his philosophy (which became a cult) fall at the feet of reality. So spare me your sidebars of attempted patronization. The supplyside, neoliberal, Chicago School, Monetarism talking points you spew is evidence of one thing, you aren't paying attention to reality! Link to comment Share on other sites More sharing options...
Members Secret Seasons Posted February 11, 2009 Members Share Posted February 11, 2009 6. $1T wars.This. Link to comment Share on other sites More sharing options...
Members ambient Posted February 11, 2009 Author Members Share Posted February 11, 2009 Tax the {censored} outta the rich! According to the law of diminishing returns, it won't be too much of a dis-incentive to succeed. Link to comment Share on other sites More sharing options...
Members The Great Waldo Pepper Posted February 11, 2009 Members Share Posted February 11, 2009 Tax the {censored} outta the rich! According to the law of diminishing returns, ot won't be too much of a dis-incentive to succeed. You know as a business owner, taxes are an incentive for me to hire people and invest in my company. WHY? Well if I need the help, or tooling, or to develop new products spending money on my company lowers my taxable income. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.