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Thread: Republicans block Obama jobs bill

  1. #621
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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Dickieboy View Post
    OH CRAP, you're right it IS closer to 55%. Now what was your boy's again? 38% or so. Even with my mistake the point is the same. YOU wanted to compare Bush's to BHO's insinuating them to be close...but they are not.
    Bush's approval rating continued to tank all the way to the end of his term. His father's approval rating was around 66% at this point ... and he lost. Reagan's approval was about where Obama's is at this point in his first term, and he won.

    My point is that approval ratings this far out are not especially meaningful, and of course you also have to consider the favorability ratings of the opponent. You don't have to have overwhelming support to win an election. You just have to have more support than the other guy.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... 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."

    -- Adam Smith

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Dickieboy View Post
    Maybe I'm too simple minded but when did the unemployment rate go down? From what to what? And that cost HOW MUCH? Well if 5% is considered 'full employment' and we have to spend at a rate/job ANYTHING in the ballpark of the last stimulus to get there our debt will increase another $7t dollars. Just WHO are we going to borrow that from? THE RICH who have a collective annual income of $2t???
    You're asking the wrong question. The right question is, did the stimulus significantly reduce unemployment *relative to where it would have been without the stimulus*, and to that most economists say aye.

    We are not going to be at full employment any time soon, that is for sure. Again -- wrong question. The objective now is to prevent a double dip recession and/or a decade of more of economic stagnation. The cost will be high, but not as high as the cost of doing nothing.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... 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."

    -- Adam Smith

  3. #623
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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Dickieboy View Post
    DUDE...Cain/Palin...REALLY...I need some of your weed!
    Its the Democrats Dream team for the GOP nomination!
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

  4. #624
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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Conservative View Post
    Yet 20% of the country admits to being a liberal meaning 80% are either moderate or conservative. You are out of touch with reality.
    If the country is so conservative, how did we elect a Kenyan Marxist for president in 2008???
    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: Republicans block Obama jobs bill

    Quote Originally Posted by Bob Blaylock View Post
    If I steal $100 from you, and then give you back $50, are you going to be grateful to me for being so generous as to have given you that $50?

    Keep in mind that government cannot give anything to anyone without first taking it from someone.

    Rather than giving money to the states for specific purposes, it would be better if the federal government didn't take that money from them in the first place. Rather than me giving you $50, wouldn't you much prefer that I not take the $100 from you?
    Sorry, but your logic is wrong. Noone is taking $100 and giving back $50.

    The government actually can spend money without taking if from you first... its called debt (or printing money). Just as you may have bought a house using a mortgage, betting on your future income, the government can borrow money on its future GDP growth without at all impacting you. This is no different that a business taking out a loan to expand... they do not have to take from shareholders, they are taking from future earnings.

    In the case of an economy, the $100 deployed actually multiples in GDP affect, and pays back to the government a very high percentage of the original dollars deploy (happy to elaborate if you do not understand the concept of an expenditure multiplier)

    Debt, even public debt, is not inherently bad; its just bad in excess.

    A stimulus is borrowing money against future profits. In the case of infrastructure spending, you are actually just front-loading expenditures you are going to have to make anyway, but making them today.
    Last edited by upsideguy; 10-20-11 at 02:02 AM.

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    Re: Republicans block Obama jobs bill

    A government $14T in debt has no business doing anything of the sort and is lying if it tells you to expect "future earnings" from it.

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Catawba View Post
    If the country is so conservative, how did we elect a Kenyan Marxist for president in 2008???
    He lied about being a fiscally conservative moderate.

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Smokified View Post
    Actually the bill failed in the democrat controlled senate...maybe you should get your facts straight before you go out and vote.
    ...actually it did not survive cloture, a process controlled by the Republicans. Hence the original proposition "Job killing GOP" stands. Maybe you should get your facts straight before you go out and vote or post next on DP. No one likes the disingenuous.

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Reg View Post
    A government $14T in debt has no business doing anything of the sort and is lying if it tells you to expect "future earnings" from it.
    I was not speaking to the magnitude of the debt (in fact, I specifically carved that out), I was speaking to the macro-economic theory that, in my view, was not very well understood by a previous poster. That said, there is nothing inherently wrong with a $14T debt; what is wrong is the dangerously high ratio of debt to GDP (which always seems to climb during Republican administrations)
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    Last edited by upsideguy; 10-20-11 at 02:17 AM.

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Reg View Post
    He lied about being a fiscally conservative moderate.
    On the whole, he campaigned as a progressive and has governed as a moderate. He went along with the Republicans on bailing out the banks, look at his foreign policy, he didn't eliminate the Bush tax cuts when he could have, he went along with the Republican idea of an insurance mandate, rather than with a single payer system, and he has not pushed for any bans on guns.
    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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