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Thread: Breaking: Agreement has been reached on raising the debt limit....

  1. #401
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    Re: Obama: We have a deal

    Quote Originally Posted by Goldenboy219 View Post
    The president cannot truly motivate the private sector when the global economy is operating (primarily) in a deleveraging manner. There are only two choices; try to smooth consumption or allow liquidation to ravage the nation/most of the developed world.
    yes the President can motivate the Private sector with his rhetoric and his policies. Demonizing individual wealth creation doesn't do that. Obama is a Community organizer, no leader and shows it in every speech. Private business isn't going to hire anyone with this individual in the WH if they don' tneed to because of demand.

    Private business isn't going to pay for the liberal spending appetite but are going to try and pass costs on to their customers. That may or may not work in today's economy with 24 plus million unemployed or under employed

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    Re: Obama: We have a deal

    Quote Originally Posted by Conservative View Post
    Do you have a solution to the economic malaise that is here today, the extremely high unemployment, and the anemic GDP growth? You can shoot down everything I say but until you offer a plan of your own, you have no credibility here.
    My credibility is certainly not an issue given the context of this discussion.

    The solution to our current slump is a fiscal stimulus in the form of public works. Something like $500 billion dispersed in one year is guaranteed to jump-start the macro-economy.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Obama: We have a deal

    Quote Originally Posted by Goldenboy219 View Post
    That's like saying, "thanks to beer, people having sex is at an all time high" which ignores the externalities associated with such a rate of sexual activity (or in the former case, home ownership).
    I take it that your answer is that is was true. Thanks.

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    Re: Obama: We have a deal

    Quote Originally Posted by Conservative View Post
    yes the President can motivate the Private sector with his rhetoric and his policies. Demonizing individual wealth creation doesn't do that. Obama is a Community organizer, no leader and shows it in every speech. Private business isn't going to hire anyone with this individual in the WH if they don' tneed to because of demand.

    Private business isn't going to pay for the liberal spending appetite but are going to try and pass costs on to their customers. That may or may not work in today's economy with 24 plus million unemployed or under employed
    The revenue collected from the profits of private business represent only a fraction of the total revenue collected by government. Time lags diminish a great deal of impact any beggar-thy-neighbor tax policy can provide. Given that the majority of potential tax increases are to be aimed at high income earners, they do not increase the cost of labor. Even if they were across the board tax increases, it would impact marginal productivity (and not marginal costs) in the short run.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Obama: We have a deal

    Quote Originally Posted by Goldenboy219 View Post
    My credibility is certainly not an issue given the context of this discussion.

    The solution to our current slump is a fiscal stimulus in the form of public works. Something like $500 billion dispersed in one year is guaranteed to jump-start the macro-economy.
    That is what the 800 billion stimulus was supposed to do. it was a failure

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    Re: Obama: We have a deal

    Quote Originally Posted by LesGovt View Post
    I take it that your answer is that is was true. Thanks.
    Your question was pointless.

    You are welcome.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Obama: We have a deal

    Quote Originally Posted by Conservative View Post

    And almost 25 million today. Is that what you hired Obama to create?
    Lemme see if I am understanding your position clearly, ok?

    Obama is handed the worst economy any president received since FDR took over after Hoover, under employment grows 3.3 million under Obama during his first 29 months in office, 4 million of which were lost during his first 5 months in office during Bush's Great Recession ... you call for him to leave office.

    Bush inherits an economy not in recession, albeit an economy declining, and he loses 4.6 million jobs to underemployment during his first 29 months -- you voted to give him 4 more years.

    That about sum it up?

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    Re: Obama: We have a deal

    Quote Originally Posted by Goldenboy219 View Post
    The revenue collected from the profits of private business represent only a fraction of the total revenue collected by government. Time lags diminish a great deal of impact any beggar-thy-neighbor tax policy can provide. Given that the majority of potential tax increases are to be aimed at high income earners, they do not increase the cost of labor. Even if they were across the board tax increases, it would impact marginal productivity (and not marginal costs) in the short run.
    Right now, 47% of income earners don't pay any FIT and 24+ million unemployed and under employed Americans are paying very little as well yet your answer and the liberal answer is tax the rich? brilliant, try running your own business instead of telling others how to run theirs.

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    Re: Obama: We have a deal

    Quote Originally Posted by Conservative View Post

    and right there in the front row was Barney Frank and Chris Dodd. What was the Democrat plan for home ownership?
    To let the Republicans, who were in charge, do nothing to add oversight to the GSE's

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    Re: Obama: We have a deal

    Quote Originally Posted by Sheik Yerbuti View Post
    Lemme see if I am understanding your position clearly, ok?

    Obama is handed the worst economy any president received since FDR took over after Hoover, under employment grows 3.3 million under Obama during his first 29 months in office, 4 million of which were lost during his first 5 months in office during Bush's Great Recession ... you call for him to leave office.

    Bush inherits an economy not in recession, albeit an economy declining, and he loses 4.6 million jobs to underemployment during his first 29 months -- you voted to give him 4 more years.

    That about sum it up?
    The worst economy any President has ever received came out of recession in June 2009 which makes it hardly the worst economy any President has inherited, Reagan's was worse. Today the GDP growth is meager at best and you keep defending Obama. You are in the 40% that still support him.

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