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

  1. #431
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    Re: Obama: We have a deal

    Quote Originally Posted by Conservative View Post
    Another intellectual book smart street stupid statement. obama got a 800 billion dollar stimulus for shovel ready jobs and tax reform. What did he do with the money?
    Did you bother to read the exert on fiscal policy?

    And that gets us to politics. This really does look like a plan that falls well short of what advocates of strong stimulus were hoping for — and it seems as if that was done in order to win Republican votes. Yet even if the plan gets the hoped-for 80 votes in the Senate, which seems doubtful, responsibility for the plan’s perceived failure, if it’s spun that way, will be placed on Democrats.
    And here you illustrate the bold with pin point precision!
    Last edited by Kushinator; 08-01-11 at 07:14 PM.
    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

  2. #432
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    Re: Obama: We have a deal

    Quote Originally Posted by Sheik Yerbuti View Post
    Reagan's recession began well into his first year in office -- that is not a recession inherited. In fact, his was manufactured to combat inflation.

    Whereas Obama who truly did inherit a recession, which resulted in 12 million additional underemployed, bringing the total to 26 million underemployed; GDP falling 5.1%, 9% in Q4-2008 and a stock market which lost more than half it's valuation.
    June 1981, what economic plan did Reagan have in place that caused that recession?

  3. #433
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    Re: Obama: We have a deal

    Quote Originally Posted by Goldenboy219 View Post
    Did you bother to read the exert on fiscal policy?
    As it should, 800 billion for shovel ready jobs that didn't even buy a shovel.

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    Re: Obama: We have a deal

    Quote Originally Posted by Conservative View Post
    Ever pay 17+% interest rate for a mortgage? Ever live under 20+ misery index? A tough recession today is not being able to get the latest cell phone or an IPAD
    This does not refute my claim that our recent financial crisis was by far the most damaging to the macro economy since the great depression. Ever witness 40% of your life savings vanish within 3 months?
    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

    Look at the economic growth today, you call that a success? Only the 40% that continue to support Obama believe it was a success
    No, I call it better than what Republicans have given us.

    Quote Originally Posted by Conservative View Post

    My numbers? LOL, dilusional, CBO numbers not mine and CBO only scores what they are given thus that was what they were given by Obama
    Yes, your numbers. This is what you said...

    "Don't you just love the Obama results? 15 million unemployed, 3.5 trillion added to the debt, 821 billion stimulus program that created or "saved" jobs that cost the taxpayer $228,000 each. Those are the results "your" President generated and why he got shellacked in 2010." ~ Conservative

    You said the results of Obama's stimulus cost is $228,000 for each job. The CBO never made such a claim -- you did. You accepted that number as accurate so why shouldn't I? That equals 3.5 million jobs saved/created.

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    Re: Obama: We have a deal

    Quote Originally Posted by Goldenboy219 View Post
    This does not refute my claim that our recent financial crisis was by far the most damaging to the macro economy since the great depression. Ever witness 40% of your life savings vanish within 3 months?
    You haven't proven that nor do the numbers support it. You don't think that 40% of life savings didn't vanish in the 81-82 recession? Keys to homes were thrown at the banks, foreclosures were every bit as bad if not worse than now and savings were wiped out by mortgages and inflation.

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    Re: Obama: We have a deal

    Quote Originally Posted by Conservative View Post
    As it should, 800 billion for shovel ready jobs that didn't even buy a shovel.
    A perfect plan would have been impossible. Let's just be thankful the tool of fiscal policy was used at all. I am not here to defend Obama, so please refrain from trying to steer the conversation into that realm.
    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 Sheik Yerbuti View Post
    No, I call it better than what Republicans have given us.


    Yes, your numbers. This is what you said...

    "Don't you just love the Obama results? 15 million unemployed, 3.5 trillion added to the debt, 821 billion stimulus program that created or "saved" jobs that cost the taxpayer $228,000 each. Those are the results "your" President generated and why he got shellacked in 2010." ~ Conservative

    You said the results of Obama's stimulus cost is $228,000 for each job. The CBO never made such a claim -- you did. You accepted that number as accurate so why shouldn't I? That equals 3.5 million jobs saved/created.
    Here we go again, CBO gave the numbers I divided the cost by that number. Obama claims that jobs were saved, BLS doesn't show jobs saved.

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    Re: Obama: We have a deal

    Quote Originally Posted by LesGovt View Post

    I realize that you think you are just being cute, but we would not want truth to be lost in your cuteness. I never said that Bush was or was not lying. I asked the person to tell me if it was. Again, there are many things about which I do not know and I need other people to help me out. He did and now you have. I thank both of you.
    You're welcome.

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    Re: Obama: We have a deal

    Quote Originally Posted by Conservative View Post

    I don't see the Democrat position on Home ownership. What are you afraid of?
    I don't see where Demcorats were in a position to do anything until 2007 when they became the majority party. Not that they wanted to, mind you.

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