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Thread: Obama Releases $3.4 Trillion Budget Plan

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    Re: Obama Releases $3.4 Trillion Budget Plan

    Quote Originally Posted by nerv14 View Post
    If you ask any economist, they will tell you that you NEED to have a large defecit in a recession to push the aggregate demand curve to the right. That is where Obama is doing well...

    ....
    Really, any economist? So I guess if I can find even one that would not tell you that it proves you are a liar?


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    Re: Obama Releases $3.4 Trillion Budget Plan

    Quote Originally Posted by TOJ View Post
    Really, any economist? So I guess if I can find even one that would not tell you that it proves you are a liar?


    .
    Lol.

    Of course I don't mean every economist. But I would still be curious if you could find any economist who disagrees that increasing aggregate demand by defecit spending isn't a good choice during in a recession. bring up the source first. :P

    I just don't want any dodge

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    Re: Obama Releases $3.4 Trillion Budget Plan

    Quote Originally Posted by Goobieman View Post
    We were told by the Dems and liberals that the economy under GWB was the "worst in 50 years". Are you saying that was a lie?
    Yes?
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    I can't. This is important.
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    Re: Obama Releases $3.4 Trillion Budget Plan

    Quote Originally Posted by nerv14 View Post
    Lol.

    Of course I don't mean every economist. But I would still be curious if you could find any economist who disagrees that increasing aggregate demand by defecit spending isn't a good choice during in a recession. bring up the source first. :P

    I just don't want any dodge
    Here you go:

    Economists doubt Obama's efforts

    The economists on average gave the president a grade of 59 out of a possible 100 points. Also, 42 percent of the respondents gave President Obama a grade below 60 percent. Geithner received even worse scores than the President. On average, the treasury secretary received a grade of 51 out of a possible 100 points. However, Ben Bernanke, appointed by President Bush as Chairman of the Federal Reserve, received a score of 71 points on average.

    Economists doubt Obama's efforts - Opinions

    I have to laugh at the notion that Government borrowing and printing money will move the "demand curve" and lift us out of a recession.

    The HONEST truth is that Obama's plan is not about moving any curve except the one that may make the Democrats a majority party by pandering to every Liberal interest group in the land.

    The notion that a Government can SPEND a nationís way out of recession by borrowing and printing money can only be asserted by someone who is NOT dealing with economic realities or educated on economic theories.

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    Why so serious?

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    Re: Obama Releases $3.4 Trillion Budget Plan

    Quote Originally Posted by Harry Guerrilla View Post
    He was just making a point that defense spending is included in his budget.

    I was making a valid comparison that if you include defense spending in G.W. 's budget it would increase the size of it by a large degree.

    Obama is including defense spending on the wars in his budget.

    To make a more valid comparison tot he size of each budget you would either have to remove war spending from Obama's budget and compare it to GW's or include war spending in GW's and compare it to Obama.

    That is the only rational, fair way to compare spending between administrations.

    For the record I am neither a GW fan nor an Obama fan.

    Khayembii brought up a valid observation and I could sense the dog pile of Repub's that won't even consider his point.
    Huh? Defense spending has been in every budget since the beginning of time. Are you really trying to say that Bush didn't fund the DoD?
    "I believe in a Spinoza's God who reveals himself in the harmony of all that exists, but not in a God who concerns himself with the fate and actions of human beings."

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    Re: Obama Releases $3.4 Trillion Budget Plan

    Quote Originally Posted by Truth Detector View Post
    Here you go:

    Economists doubt Obama's efforts

    The economists on average gave the president a grade of 59 out of a possible 100 points. Also, 42 percent of the respondents gave President Obama a grade below 60 percent. Geithner received even worse scores than the President. On average, the treasury secretary received a grade of 51 out of a possible 100 points. However, Ben Bernanke, appointed by President Bush as Chairman of the Federal Reserve, received a score of 71 points on average.

    Economists doubt Obama's efforts - Opinions

    I have to laugh at the notion that Government borrowing and printing money will move the "demand curve" and lift us out of a recession.

    The HONEST truth is that Obama's plan is not about moving any curve except the one that may make the Democrats a majority party by pandering to every Liberal interest group in the land.

    The notion that a Government can SPEND a nationís way out of recession by borrowing and printing money can only be asserted by someone who is NOT dealing with economic realities or educated on economic theories.
    What does that have to do with defeict spending? Just because they don't like Obama that doesn't mean that they think that defecit spending in a recession is a bad idea.

    This economist says in their second paragraph that government spending helped get us out of the 2001 recession.
    http://www.peri.umass.edu/fileadmin/...f/RB2002-3.pdf

    Defecit spending to help the economy in the short term is economics 101. I just wish people would bring up how inneficent some of Obama's defecits are instead of saying that the whole theory is wrong.
    Last edited by nerv14; 05-08-09 at 06:47 PM.

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    Re: Obama Releases $3.4 Trillion Budget Plan

    Quote Originally Posted by nerv14 View Post
    Lol.

    Of course I don't mean every economist. But I would still be curious if you could find any economist who disagrees that increasing aggregate demand by defecit spending isn't a good choice during in a recession. bring up the source first. :P

    I just don't want any dodge
    Do you really want me to name every right-leaning economist ever? That's a freaking long list.

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    Re: Obama Releases $3.4 Trillion Budget Plan

    Quote Originally Posted by Dav View Post
    Do you really want me to name every right-leaning economist ever? That's a freaking long list.
    If you do have some names handy, I'd be interested...I've been wanting to do some research on this subject for awhile now.

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    Re: Obama Releases $3.4 Trillion Budget Plan

    Quote Originally Posted by nerv14 View Post
    What does that have to do with defeict spending? Just because they don't like Obama that doesn't mean that they think that defecit spending in a recession is a bad idea.

    This economist says in their second paragraph that government spending helped get us out of the 2001 recession.
    http://www.peri.umass.edu/fileadmin/...f/RB2002-3.pdf

    Defecit spending to help the economy in the short term is economics 101. I just wish people would bring up how inneficent some of Obama's defecits are instead of saying that the whole theory is wrong.
    Silly me, I thought you wanted an answer to this:

    Quote Originally Posted by nerv14 View Post
    ...I would still be curious if you could find any economist who disagrees that increasing aggregate demand by defecit spending isn't a good choice during in a recession. bring up the source first. :P

    I just don't want any dodge
    I had no idea you just wanted to enter into meaningless quarrels and parrot DNC talking points so that you could maintain your stubborn notions about Obamanomics.

    I have a degree in Finance and graduated with high honors; what is your degree in and how much study in economics did you have?

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    Re: Obama Releases $3.4 Trillion Budget Plan

    Quote Originally Posted by Analyst View Post
    If you do have some names handy, I'd be interested...I've been wanting to do some research on this subject for awhile now.
    Keynesian economics - Wikipedia, the free encyclopedia

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