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Thread: CBO: Obama stimulus harmful over long haul

  1. #51
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    Re: CBO: Obama stimulus harmful over long haul

    Quote Originally Posted by Harry Guerrilla View Post
    I guess I should of said natural world. Even that doesn't sound right though. Farming takes some talent and finesse.

    I've had the luxury of living in both settings, I have to say living in the country has been harder on me. I do appreciate the country more because of my last 5 years here. I also enjoy not being confined in the man made jungle.

    It takes brains to do some of the agricultural work, at least more than you think.

    I gotta go out for a little while but I'll be back to respond.
    No problem. I'll be around later.
    Affiant further sayeth not.

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    Re: CBO: Obama stimulus harmful over long haul

    Quote Originally Posted by Indy View Post
    And thank you for your input. Now, if you will excuse us we'll go with the plan of the man we voted into office.
    When I look into your ear, I suddenly see the light. It's awesome.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: CBO: Obama stimulus harmful over long haul

    Quote Originally Posted by American View Post
    When I look into your ear, I suddenly see the light. It's awesome.
    And you wonder why people treat you like a joke on this forum.
    Affiant further sayeth not.

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    Re: CBO: Obama stimulus harmful over long haul

    It does appear that some of you simply fail to see the picture.
    Perhaps a visit to this clip on facebook might change your mind.
    There again, perhaps not.
    So let me put it another way.
    If the US prints money and thus increases the money supply without making any wealth, what happens is that INFLATION sets in, do not believe me?, ask your wife or whoever buys your groceries.
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    Re: CBO: Obama stimulus harmful over long haul

    Quote Originally Posted by Indy View Post
    So.... over 50% of america doesn't pay taxes? You sir are an idiot.
    A late response, but look at the idiot calling another an idiot. Although more than 50% do pay taxes, most pay a microscopic percentage compared with more successful taxpayers. Usually, those more successful taxpayers are successful because of their hard work, not because of the government. You seem to be the type who would follow the president over the cliff like a brainless lemming!
    Obama lied... Ambassador Stevens died!

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    Re: CBO: Obama stimulus harmful over long haul

    Quote Originally Posted by ludahai View Post
    DOes anyone actually take you seriously? He studied in a university in a system with a completely FAILED economic system called the USSR.
    I already proved that your blind Russo phobia makes you only lie each and every time you open your mouth. Do I need to prove it the 25# time?

    Putin got his degree in international law when the USSR was a strong player on the international stage.

    His degree in economics was awarded to him when there was no USSR, it was not about economics of the USSR or socialism in any way or measure. It included Western and American literature in references and quotes. He speaks and reads German BTW.

    Both degrees are backed up by his very successful practical achievements in the both fields, - you can hardly find a professor with such a record. Actually you will not find any here.

    Just a reminder for the public - each time you and your friend open your mouths about Russia you spit nothing else but lies.
    Last edited by justone; 02-08-09 at 12:39 AM.

  7. #57
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    Re: CBO: Obama stimulus harmful over long haul

    Quote Originally Posted by winston53660 View Post
    This article is from the Washington Times which is owned by the Rev Sung Myung Moon. I'll wait for a more reliable source even critical ones bofore I make up my mind.
    CBO: Obama Stimulus Plan Lowers Long-Run Growth - Capital Commerce (usnews.com)

    And here's the actual report:

    Congressional Budget Office - Estimated Macroeconomic Effects of the Inouye-Baucus Amendment in the Nature of a Substitute to H.R. 1


    Quote Originally Posted by Indy View Post
    I make under 50k along with almost every other person I know and we all pay taxes. But thanks for grouping us in the category "weak minded". You are aware that evangelicals voted overwhelmingly republican correct? Wouldn't that lead one to believe that Republican's have their own group of weak minded individuals? And don't give me this nonsense about populist propaganda, need I remind you of the chant "drill baby drill"?

    Oh yeah, McCain also supported the suspension of the gas tax even though EVERY economist said it was a stupid idea. Yeah... Democrats have the corner on the "populist propaganda".
    FWIW:

    Local Exit Polls - Election Center 2008 - Elections & Politics from CNN.com

    Vote by income:

    Under $15k - 75% O, 25% M
    $15k-30k - 60% O, 37% M

    Vote by education:

    No High School: 63% O - 35% M


    Quote Originally Posted by Indy View Post
    I will part with this one thing, if Democrats typically are stupider and understand the economy less, then why are the richest states in the nation Blue?
    The claims you're advancing in this post and your subsequent ones rely on several assumptions, many of which are flawed:

    1) Income is a proxy for intelligence/understanding the economy
    2) Absolute income is a good way to measure earning potential (If a dishwasher earns $6/hr in rural alabama but $10/hour in manhattan due to COL, is the dishwasher in manhattan really richer than the guy in alabama?)
    3) States/counties are monolithic entities, and the south is generically Republican while the north is generically liberal (In reality, the places with the greatest income disparity and highest levels of poverty are generally large cities, wherever they are found.)
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: CBO: Obama stimulus harmful over long haul

    Right in NY, I looked it up after I saw your post. And I do think there are legit concerns as with anything else. The Wash Times is just creepy. I would never use it as a primary source.
    Last edited by winston53660; 02-08-09 at 04:13 AM.

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    Re: CBO: Obama stimulus harmful over long haul

    Quote Originally Posted by winston53660 View Post
    Right in NY, I looked it up after I saw your post. And I do think there are legit concerns as with anything else. The Wash Times is just creepy. I would never use it as a primary source.
    Interpretation: I wouldn't let the facts get in the way of a good story no matter how correct they might be.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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    Re: CBO: Obama stimulus harmful over long haul

    Quote Originally Posted by RightinNYC View Post
    CBO: Obama Stimulus Plan Lowers Long-Run Growth - Capital Commerce (usnews.com)

    And here's the actual report:

    Congressional Budget Office - Estimated Macroeconomic Effects of the Inouye-Baucus Amendment in the Nature of a Substitute to H.R. 1




    FWIW:

    Local Exit Polls - Election Center 2008 - Elections & Politics from CNN.com

    Vote by income:

    Under $15k - 75% O, 25% M
    $15k-30k - 60% O, 37% M

    Vote by education:

    No High School: 63% O - 35% M




    The claims you're advancing in this post and your subsequent ones rely on several assumptions, many of which are flawed:

    1) Income is a proxy for intelligence/understanding the economy
    2) Absolute income is a good way to measure earning potential (If a dishwasher earns $6/hr in rural alabama but $10/hour in manhattan due to COL, is the dishwasher in manhattan really richer than the guy in alabama?)
    3) States/counties are monolithic entities, and the south is generically Republican while the north is generically liberal (In reality, the places with the greatest income disparity and highest levels of poverty are generally large cities, wherever they are found.)

    This is actually so unsurprising it is laughable that anyone would think that anyone would think otherwise. Of course having money invested in debt in the future is going to harm future GDP to some extent. But, the cost of NOT doing an effective stimulus is considered more harmful than that future harm to the GDP. It would be even more harmful to the overall short-term and medium term future GDP than the debt will be.

    You do realize that all of our debt is having precisely the same effect, right, except that that debt was not focused on stimulating the economy? Pondering that, it doesn't seem plausible that we would be intoxicatingly more prosperous if there was no national debt... which, to me, calls into question whether the study has the entire picture.

    In my view, one of the biggest problems we have right now is that we have a vast amount of wealth that is sitting on the sidelines, doing nothing to generate prosperity. In order to preserve jobs, we must replace the 'work' that that missing wealth would normally be doing.

    I also think that people forget that we are in a spiral. People are losing jobs, which is causing more investors to put money on the sidelines, which is causing more people to lose jobs, and so on. We can stop that spiral, but not by "Letting people keep more of their 'own' money", when all they are going to do is to follow suit and put that money on the sidelines, rather than spend it.

    We simply must assist the flow of money through the economic system. The most politically palatable way to do that is to deficit spend.

    Of course, I think we should implement a temporary tax on 'idle' wealth. That would provide a way for there to be no deficit spending as well as an incentive for people to get money into the job creation system. But, you can imagine the offense so many would take toward such a heavy handed approach, however effective it would be.

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