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Thread: CBO: Stimulus hurts economy in the long run

  1. #181
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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Conservative View Post
    Obama wanted the job, campaigned for 2 years prior to the election to get it, said he could do the job and has failed miserably.
    Our growth rate has gone from -9% to +2%....

    How is that a failure?

    What America has to wake up and smell is the executive branch is one man and a bunch of agencies--mostly regulatory and law enforcement.

    THEY ARE NOT THE PROBLEM. THEY WERE PUT IN PLACE BEFORE HE GOT THERE.

    ALL HE IS ALLOWED TO DO BY LAW IS ASK FOR A BUDGET TO RUN THOSE AGENCIES.

    HE CAN RECOMMEND A LEGISLATIVE AGENDA AND PUSH FOR VOTES, BUT HE DOES NOT WRITE LEGISLATION (despite what fox news tells you)

    The problem is the big domed shape building cross town. They approve the budget. They write the tax code. They spend your money.

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Conservative View Post
    Spoken like a true liberal, debt doesn't seem to matter and the more people dependent on the govt. the better chance for Obama to get re-elected. You could give Obama a decade and his lack of leadership skills would be the same and his results would be a disaster like they are now.

    25 million unemployed or under employed Americans in 2011(bls.gov)154.1 X 16.2% Top Picks (Most Requested Statistics) : U.S. Bureau of Labor Statistics : U.S. Bureau of Labor Statistics

    14.8 million unemployed PLUS Discouraged workers Top Picks (Most Requested Statistics) : U.S. Bureau of Labor Statistics : U.S. Bureau of Labor Statistics

    2.2 million fewer jobs(bls.gov) Notice: Data not available: U.S. Bureau of Labor Statistics ln : U.S. Bureau of Labor Statistics

    4.4 trillion added to the debt in less than 3 years(U.S. Treasury Site) Government - Historical Debt Outstanding – Annual Government - Debt to the Penny (Daily History Search Application)

    1/21/2009 6,307,084,792,840.85 4,317,968,751,468.94 10,625,053,544,309.70

    11/22/2011 10,326,530,350,389.40 4,721,461,154,539.92 15,047,991,504,929.30

    Down grade of U.S. Credit rating(S&P)

    Rising Misery index 7.83 to 12.53 The United States Misery Index By Year

    38-44% JAR and well over 50-55% disapproval ratings(Gallup)
    Gallup Daily: Obama Job Approval

    US Poverty Hits Record High: 1 in 6 Americans Living Below Poverty Line | Economy Watch
    Report: Poverty hits record level - MJ Lee - POLITICO.com

    “Fast and Furious”, “Wide Receiver”

    Solyndra, Fisker, and Crony Capitalism Jobs Panel Member Whose Solar Firm Won Loan Guarantees Raises 'Conflict Of Interest' Concerns | Fox News

    Solyndra solar power company shuts down 15 months after Obama visit
    Solyndra solar power company shuts down 15 months after Obama visit

    The Tonopah Solar company in Harry Reid's Nevada is getting a $737 million loan from Obama's DOE.
    The project will produce a 110 megawatt power system and employ 45 permanent workers.
    That's costing us just $16 million per job.

    One of the investment partners in this endeavor is Pacific Corporate Group (PCG).
    The PCG executive director is Ron Pelosi who is the brother of Nancy's husband.
    But there is nothing wrong here, is there?

    U.S. Bridges, Roads Being Built by Chinese Firms | Video - ABC News
    U.S. Bridges, Roads Being Built by Chinese Firms | Video - ABC News

    Stimulus failure

    Review & Outlook:Why the Stimulus Failed - WSJ.com
    So, you disagree? This is easy to fix and government is the answer?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  3. #183
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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by hazlnut View Post
    Our growth rate has gone from -9% to +2%....

    How is that a failure?

    What America has to wake up and smell is the executive branch is one man and a bunch of agencies--mostly regulatory and law enforcement.

    THEY ARE NOT THE PROBLEM. THEY WERE PUT IN PLACE BEFORE HE GOT THERE.

    ALL HE IS ALLOWED TO DO BY LAW IS ASK FOR A BUDGET TO RUN THOSE AGENCIES.

    HE CAN RECOMMEND A LEGISLATIVE AGENDA AND PUSH FOR VOTES, BUT HE DOES NOT WRITE LEGISLATION (despite what fox news tells you)

    The problem is the big domed shape building cross town. They approve the budget. They write the tax code. They spend your money.
    Isn't it amazing how Bush is judged by one year in office, a year where Democrats controlled the purse strings and the legislative process? How did Obama inherit that which he helped create? You want four more years of this and please note the numbers posted are current through October 2011, almost three years into his term?

    25 million unemployed or under employed Americans in 2011(bls.gov)154.1 X 16.2% Top Picks (Most Requested Statistics) : U.S. Bureau of Labor Statistics : U.S. Bureau of Labor Statistics

    14.8 million unemployed PLUS Discouraged workers Top Picks (Most Requested Statistics) : U.S. Bureau of Labor Statistics : U.S. Bureau of Labor Statistics

    2.2 million fewer jobs(bls.gov) Notice: Data not available: U.S. Bureau of Labor Statistics ln : U.S. Bureau of Labor Statistics

    4.4 trillion added to the debt in less than 3 years(U.S. Treasury Site) Government - Historical Debt Outstanding – Annual Government - Debt to the Penny (Daily History Search Application)

    1/21/2009 6,307,084,792,840.85 4,317,968,751,468.94 10,625,053,544,309.70

    11/22/2011 10,326,530,350,389.40 4,721,461,154,539.92 15,047,991,504,929.30

    Down grade of U.S. Credit rating(S&P)

    Rising Misery index 7.83 to 12.53 The United States Misery Index By Year

    38-44% JAR and well over 50-55% disapproval ratings(Gallup)
    Gallup Daily: Obama Job Approval

    US Poverty Hits Record High: 1 in 6 Americans Living Below Poverty Line | Economy Watch
    Report: Poverty hits record level - MJ Lee - POLITICO.com

    “Fast and Furious”, “Wide Receiver”

    Solyndra, Fisker, and Crony Capitalism Jobs Panel Member Whose Solar Firm Won Loan Guarantees Raises 'Conflict Of Interest' Concerns | Fox News

    Solyndra solar power company shuts down 15 months after Obama visit
    Solyndra solar power company shuts down 15 months after Obama visit

    The Tonopah Solar company in Harry Reid's Nevada is getting a $737 million loan from Obama's DOE.
    The project will produce a 110 megawatt power system and employ 45 permanent workers.
    That's costing us just $16 million per job.

    One of the investment partners in this endeavor is Pacific Corporate Group (PCG).
    The PCG executive director is Ron Pelosi who is the brother of Nancy's husband.
    But there is nothing wrong here, is there?

    U.S. Bridges, Roads Being Built by Chinese Firms | Video - ABC News
    U.S. Bridges, Roads Being Built by Chinese Firms | Video - ABC News

    Stimulus failure

    Review & Outlook:Why the Stimulus Failed - WSJ.com

  4. #184
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    Re: CBO: Stimulus hurts economy in the long run

    Quote conservative

    Doesn't look like you understandwhat taxes fund what.
    Ike managed it pretty well with 90% federal funding so I guess we could manage the same. He set up the "National System of Interstate Highways,"but was at a loss for a way to fund it. My way that’s not a problem.



    Why the focus on tax rates and not who is paying FIT?

    Who gives a **** who pays FIT.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by j-mac View Post
    So, tax success unfairly, then bitch later how no one successful stays in America...duh.






    j-mac

    Duh...didn’t see any mass exodus of wealthy United States taxpayers during the gipper years.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

  6. #186
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    Re: CBO: Stimulus hurts economy in the long run

    [QUOTE=treedancer;1059986052]Ike managed it pretty well with 90% federal funding so I guess we could manage the same. He set up the "National System of Interstate Highways,"but was at a loss for a way to fund it. My way that’s not a problem.


    What was the effective tax rate under Ike? You think it was 90%? What was the budget during Ike's term? You think we need a 3.7 trillion dollar Federal govt?

    As for the highways they aren't funded by FIT so learn what your taxes actually pay for

    "Who gives a **** who pays FIT?
    Spoken like a true liberal, almost 50% of income earners don't pay any FIT and you don't have a problem with that?

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Conservative View Post

    Spoken like a true liberal, almost 50% of income earners don't pay any FIT and you don't have a problem with that?
    That's only because so many have fallen below the line. If you want more paying in, strengthen the middle class.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Boo Radley View Post
    That's only because so many have fallen below the line. If you want more paying in, strengthen the middle class.
    A better way would be a flat tax where everyone that earns income pays something

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Conservative View Post
    A better way would be a flat tax where everyone that earns income pays something
    No, that would be just a way to make it harder on the least of us and easier on those with the most. And that type of thinkng has gotten us to where we are now.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  10. #190
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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Boo Radley View Post
    No, that would be just a way to make it harder on the least of us and easier on those with the most. And that type of thinkng has gotten us to where we are now.
    Hardly, it would require everyone to have "skin in the game!" Isn't that what Obama is calling for? What skin in the game do people who don't pay any FIT have?

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