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

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

    Quote Originally Posted by Objective Voice View Post
    I've long had a problem with the Bush tax cuts...I prefer that they didn't get extended but understand why they were. And while I'm not too keen on the FICA tax being cut still, I can live with it as long as the cut is temporary. At some point taxes will have to be raised, but in today's economy I can live with temporary tax reductions as long as they expire at the end of 2012, as appropriate.
    Instead of raising taxes, why not get out of the private sector's way and allow them to earn more taxable income?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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

    Quote Originally Posted by apdst View Post
    IOW, we're going to do the same things that didn't work when we tried them before.
    What many don't seem to understand is that consumer confidence is extremely low and the business community has no confidence in this Administration and will not be doing any hiring unless extremely necessary. The costs are too high and the benefits too short term. Businesses don't print money and don't make short term decisions. All the benefits offered to hire people are short term but hiring any employee is a great expense and it seems eventually Obama is going to raise taxes on business and then there is Obamacare.

    Liberals, you really screwed up on this one, The choice of Obama was a disaster

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

    Quote Originally Posted by Conservative View Post
    What many don't seem to understand is that consumer confidence is extremely low and the business community has no confidence in this Administration and will not be doing any hiring unless extremely necessary. The costs are too high and the benefits too short term. Businesses don't print money and don't make short term decisions. All the benefits offered to hire people are short term but hiring any employee is a great expense and it seems eventually Obama is going to raise taxes on business and then there is Obamacare.

    Liberals, you really screwed up on this one, The choice of Obama was a disaster
    Businesses hire because they need help -- not because they're feeling confident. Putting cash in consumers pockets to spend causes businesses to need help.

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

    Quote Originally Posted by AdamT View Post
    Businesses hire because they need help -- not because they're feeling confident. Putting cash in consumers pockets to spend causes businesses to need help.
    But first, they have to spend it. The lack of confidence in the business sector stems from the gigantic lack of consumer confidence that this regime has created.

    With the drilling ban, the attack on coal companies, coal fired power plants, the tobacco industry and the nationalization of the auto industry that resulted in the forced shut down of car dealerships all over the country, plus the damage that cash for clunkers did to the used care market, it leave everyone in the working class wondering, "whose jobs get killed next?".
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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

    Quote Originally Posted by Tettsuo View Post
    The cost of inaction is much greater than the cost of action.

    Obama Plan Would Boost GDP, Economists Say - Bloomberg



    So if the option is to simply cut services then wait and see, we're in for a long cold recession, but if we act it could improve things across the board.
    As the President stated last week, the main criteria for selection of jobs projects will be how they will improve the economy.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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

    Quote Originally Posted by Catawba View Post
    As the President stated last week, the main criteria for selection of jobs projects will be how they will improve the economy.
    More, "shovel ready projects"?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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

    Quote Originally Posted by apdst View Post
    But first, they have to spend it. The lack of confidence in the business sector stems from the gigantic lack of consumer confidence that this regime has created.

    With the drilling ban, the attack on coal companies, coal fired power plants, the tobacco industry and the nationalization of the auto industry that resulted in the forced shut down of car dealerships all over the country, plus the damage that cash for clunkers did to the used care market, it leave everyone in the working class wondering, "whose jobs get killed next?".
    LOL

    The drilling moratorium (now OVER for some months) was a response to the biggest offshore oil disaster in our history. Coal companies were not being attacked, they were being regulated for spewing pollutants that absolutely cause over 10,000 deaths per year. Now that's out the window, too. The tobacco industry is literally a cancer on the world. Obama saved two thirds of our domestic auto industry and their associated dealerships. If he hadn't, thousands more dealerships would have vanished. Cash for clunkers was a huge success.

    Other than that, Mrs. Lincoln....

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

    Quote Originally Posted by AdamT View Post
    LOL

    The drilling moratorium (now OVER for some months) was a response to the biggest offshore oil disaster in our history. Coal companies were not being attacked, they were being regulated for spewing pollutants that absolutely cause over 10,000 deaths per year. Now that's out the window, too. The tobacco industry is literally a cancer on the world. Obama saved two thirds of our domestic auto industry and their associated dealerships. If he hadn't, thousands more dealerships would have vanished. Cash for clunkers was a huge success.

    Other than that, Mrs. Lincoln....
    So, how many of the 33 rigs that were shut down are back to work?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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

    Quote Originally Posted by apdst View Post
    So, how many of the 33 rigs that were shut down are back to work?
    The moratorium was lifted. Do you know what that means?

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

    Quote Originally Posted by AdamT View Post
    The moratorium was lifted. Do you know what that means?
    Ok, so, how many permits have been issued since it was, "lifted"?

    If permits aren't being issued, then the ban wasn't, "lifted", was it?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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