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Thread: Obama Plan Would Boost GDP, Economists Say(edited)

  1. #31
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    Re: Obama Plan Would Boost GDP, Economists Say(edited)

    Quote Originally Posted by Conservative View Post
    LOL, yep, the brainwashed believe that. What was Krugman's prediction about stimulus one? Why is this one different?
    Maybe you should actually read what he said, instead of drinking the wingnut Koolaid EVERY time?

    "January 6, 2009, 9:26 am
    Stimulus arithmetic (wonkish but important)

    Bit by bit we’re getting information on the Obama stimulus plan, enough to start making back-of-the-envelope estimates of impact. The bottom line is this: we’re probably looking at a plan that will shave less than 2 percentage points off the average unemployment rate for the next two years, and possibly quite a lot less. This raises real concerns about whether the incoming administration is lowballing its plans in an attempt to get bipartisan consensus."

    Stimulus arithmetic (wonkish but important) - NYTimes.com

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    Re: Obama Plan Would Boost GDP, Economists Say(edited)

    Yoohoo! Conservative! Krugman pretty much hit the nail on the head, didn't he? Guess they don't give out those economics Nobels for no reason.

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    Re: Obama's Plan is the Right Way to Go

    Quote Originally Posted by Conservative View Post
    So tax cuts now create economic growth but only when presented by a liberal President? Interesting contradiction on the part of liberals. Then there are these tax cuts, cuts in FICA which funds a current underfunded SS fund. That is the plan you want passed in its entirety? More spending and less tax revenue, but only less SS/Medicare revenue? Wow, amazing how Obama can brainwash liberals!
    Temporary cuts in payroll tax are demand side tax cuts, they put money into the pockets of the people most likely to spend it creating economic activity.

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    Re: Obama's Plan is the Right Way to Go

    Quote Originally Posted by AdamT View Post
    Again, it really doesn't matter. Whether the cuts come from SS or the general fund, they will eventually have to be paid back.
    Except you cannot seem to understand the purpose of SS and the forced contributions by the taxpayers. Nothing will ever change the mind of the brainwashed. If they are cut from SS they cut your retirement contribution. If they come from the general expenses of the govt. that doesn't affect you at all. Why is that so hard to figure out?

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    Re: Obama's Plan is the Right Way to Go

    Quote Originally Posted by pbrauer View Post
    Temporary cuts in payroll tax are demand side tax cuts, they put money into the pockets of the people most likely to spend it creating economic activity.
    Right, taking money of of one pocket and putting it in another is never a problem with a liberal except that taking of money is never paid back but is covered by an IOU that has to be funded. Where is that money going to come from?

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    Re: Obama Plan Would Boost GDP, Economists Say(edited)

    Quote Originally Posted by AdamT View Post
    Maybe you should actually read what he said, instead of drinking the wingnut Koolaid EVERY time?

    "January 6, 2009, 9:26 am
    Stimulus arithmetic (wonkish but important)

    Bit by bit we’re getting information on the Obama stimulus plan, enough to start making back-of-the-envelope estimates of impact. The bottom line is this: we’re probably looking at a plan that will shave less than 2 percentage points off the average unemployment rate for the next two years, and possibly quite a lot less. This raises real concerns about whether the incoming administration is lowballing its plans in an attempt to get bipartisan consensus."

    Stimulus arithmetic (wonkish but important) - NYTimes.com
    So in your world the general fund takes care of your SS? Right, you simply are brainwashed. Krugman is an idiot. Now tax cuts are beneficial but when Bush did it, they were detrimental. Do I have that right?

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    Re: Obama Plan Would Boost GDP, Economists Say(edited)

    Quote Originally Posted by Conservative View Post
    So in your world the general fund takes care of your SS? Right, you simply are brainwashed. Krugman is an idiot. Now tax cuts are beneficial but when Bush did it, they were detrimental. Do I have that right?
    You are a hopeless wingnut parrot. Krugman is a genius who called the stimulus and the reaction to it almost exactly. Try thinking for yourself; limbaugh and Hannity are not very smart.

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    Re: Obama Plan Would Boost GDP, Economists Say(edited)

    Quote Originally Posted by AdamT View Post
    You are a hopeless wingnut parrot. Krugman is a genius who called the stimulus and the reaction to it almost exactly. Try thinking for yourself; limbaugh and Hannity are not very smart.
    Anyone that thinks an economist like Krugman is a genius doesn't have a lot of credibility but does define their leanings. Results matter, Adam, and the results of Obamanomics are a disaster.

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    Re: Obama Plan Would Boost GDP, Economists Say(edited)

    Quote Originally Posted by Conservative View Post
    Anyone that thinks an economist like Krugman is a genius doesn't have a lot of credibility but does define their leanings. Results matter, Adam, and the results of Obamanomics are a disaster.
    Yeah, okay, Rush.

    Obama is doing the best he can given the horrific economy he inherited and unremitting opposition by Republicans in Congress.

    All you can do is whine; you have no ideas that wouldn't have made the situation far worse than it already is.

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    Re: Obama Plan Would Boost GDP, Economists Say(edited)

    Quote Originally Posted by AdamT View Post
    Yeah, okay, Rush.

    Obama is doing the best he can given the horrific economy he inherited and unremitting opposition by Republicans in Congress.

    All you can do is whine; you have no ideas that wouldn't have made the situation far worse than it already is.
    Obama is doing exactly what his resume showed he would do, nothing as he had zero leadership skills but he does love the camera and the camera loves him. Symbolism over substance is what you are all about.

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