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Thread: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

  1. #121
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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by winston53660 View Post
    Don't you think you kinda jumping the gun here? He is just looking at ideas that is all.
    What for, he promised.
    "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: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    well, normative discussions aside...

    it appears that those "keynesian stabilization policies," so integral to the avoidance of all those recessions and depressions which occurred so frequently prior to reagan, didn't quite GET THE JOB DONE in 2008 and 2009

    but 2010 is gonna be all DIFFERENT!

    as soon as we get that UNEMPLOYMENT down to 8.9%!

    why, then we'll be able to take on the ONE TRIL OF INTEREST per year that comes due on all that keynesianism starting in about 2015

    so gratified we all are that s&p is up 30%---FROM HADES

    LOL!

    and housing---300,000 foreclosures in january, 11th dreadful month in a row, with no end in sight, says realtytrac

    http://www.contracostatimes.com/busi...nclick_check=1

    housing sales in december down 17%, worst month in 40 years, no end in sight

    http://www.washingtontimes.com/news/...own-almost-17/

    My Way News - Record year for foreclosures as unemployment rises

    obama's mortgage relief program isn't working

    Moneynews - Experts: Obama?s Mortgage Relief Program a Failure

    unfortunately, RETAIL SALES fell in DECEMBER, the month of consumerism, indicating a continued drag on CONSUMER spending which even keynes (bless his deficit loving heart) recognizes as critical to recovery

    December retail sales drop 0.3 percent - Yahoo! Finance

    still, as soon as we turn that corner, as soon as unemployment hits EIGHT POINT NINE PERCENT...

    golden!

    LOL!
    Last edited by The Prof; 02-16-10 at 01:47 PM.

  3. #123
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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by The Prof View Post
    well, normative discussions aside...

    it appears that those "keynesian stabilization policies," so integral to the avoidance of all those recessions and depressions which occurred so frequently prior to reagan, didn't quite GET THE JOB DONE in 2008 and 2009
    Depends on what you consider getting the job done. Asset markets continue to feed off of the fiscal and monetary life support. As mentioned before, jobs are quite lagging in responsiveness as capital investment is the first to vamp up in periods of low interest rates.

    but 2010 is gonna be all DIFFERENT!

    as soon as we get that UNEMPLOYMENT down to 8.9%!
    Yes, once we see significant job creation, the talk about pulling stimulus can begin. But we have to be careful on the timing, as an early exist can create a double dip.

    why, then we'll be able to take on the ONE TRIL OF INTEREST per year that comes due on all that keynesianism starting in about 2015
    Are you concerned with default or inflation? My money (pun intended) is on a combination of inflation and tax increases. You have yet to answer the question as to why the markets so heavily demand US debt.... Care to take a stab at it?

    so gratified we all are that s&p is up 30%---FROM HADES
    No stimulus, credit easing, or TARP, and..... how low would it have gone?

    and housing---300,000 foreclosures in january, 11th dreadful month in a row, with no end in sight, says realtytrac
    RealtyTrac? Now that is funny considering they stand to benefit on continued foreclosure. A quality analysis is not out of reach, therefore you should try to stick to Case Shiller.

    housing sales in december down 17%, worst month in 40 years, no end in sight
    And housing prices have began to climb back up to levels that represent fear resistance.

    obama's mortgage relief program isn't working
    As opposed to the alternatives proposed by the opposition (let it fall to the ground)?

    unfortunately, RETAIL SALES fell in DECEMBER, the month of consumerism, indicating a continued drag on CONSUMER spending which even keynes (bless his deficit loving heart) recognizes as critical to recovery
    You need to keep a constant eye on revisions. Notice the date of your link....
    Quote Originally Posted by CNN money
    Retail sales rose in January, driven by strength in discount retailers and online merchants, according to a government report Friday.

    The Commerce Department said total retail sales edged up 0.5% to $355.8 billion last month, compared with December's revised decline of 0.1%. Economists surveyed by Briefing.com had anticipated that January sales would grow 0.3%.

    The year-to-year increase was more impressive. January retail sales jumped 4.7%, compared to the same month in 2009.

    Consumer spending accounts for two-thirds of U.S. economic activity, and related reports such as retail sales are used to gauge whether a recovery is underway.

    Sales excluding autos and auto parts rose 0.6% last month. A consensus of economists had projected ex-auto sales to rise 0.5% in January.
    Retail sales rise in January - Feb. 12, 2010

    still, as soon as we turn that corner, as soon as unemployment hits EIGHT POINT NINE PERCENT...

    golden!

    LOL!
    Still not even the smallest attempt at coherence. I wasn't hoping for much anyways. Do you know how to use the scripts?
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  4. #124
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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by Goldenboy219 View Post
    Are you done ranting yet? My money says no, it has only just begun. Once unemployment falls below 9%, i can only imagine the envious partisan bicker.
    Do you mean actual which is 17% or Obama's cooked book figure of 9.7%

    Shouldn't you statement say below 8% which is what Obama said he would not go over?
    Last edited by ptif219; 02-16-10 at 02:37 PM.

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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    it all depends on what one considers by "getting the job done?"

    LOL!

    well, no matter how you figure, THIS AINT IT

    you're gonna PULL the stimulus after you see "significant job creation?"

    like 8.9%?

    LOL!

    obama promised we'd never top 8

    you blame 300,000 foreclosures per month for 11 months on realtytrac?

    LOL!

    tarp and chrysler and the stimulus (which obama can't call a stimulus anymore) worked so well, heaven knows how far under we'd be without em?

    now, there's some SOUND economic reasoning

    but the BIG question---how could our economy have collapsed so despite the decades in place of all those keynesian macro stabilizers?
    Last edited by The Prof; 02-16-10 at 02:43 PM.

  6. #126
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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by The Prof View Post
    well, no matter how you figure, THIS AINT IT
    Of course not, as his fiscal stimulus was far too puny.

    you're gonna PULL the stimulus after you see "significant job creation?"

    like 8.9%?
    Try not to get confused. Monetary policy operating at the zero bound is very much stimulus.

    obama promised we'd never top 8
    Well, as mentioned above, his so called stimulus package was weak! We needed at least double that and more so into infrastructure, education, health care, etc....

    you blame 300,000 foreclosures per month for 11 months on realtytrac?

    LOL!
    Of course not. The fact that they claim it is going to get worse seems to me, rather convenient.

    tarp and chrysler and the stimulus (which obama can't call a stimulus anymore) worked so well, heaven knows how far under we'd be without em?
    Yes.... Who knows?

    but the BIG question---how could our economy have collapsed so despite the decades in place of all those keynesian macro stabilizers?
    You mean without extensions of unemployment insurance, TARP, AIG, Fannie and Freddy bailouts? Most definitely.
    --------------------------------------------------------------

    You are going to have to work on your clarity as i am having to constantly assume your point, or what it pertains to. Care to answer my question yet? Why are the markets all too willing to purchase debt given the dire circumstance you keep spewing?
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by ptif219 View Post
    Do you mean actual which is 17% or Obama's cooked book figure of 9.7%

    Shouldn't you statement say below 8% which is what Obama said he would not go over?
    Did U6 (the number you seem all to happy to site) not fall in accordance as well?
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    nonsense, doctor

    if those coherent macro stabilization policies actually worked, we wouldn't be HERE

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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by Goldenboy219 View Post
    Did U6 (the number you seem all to happy to site) not fall in accordance as well?
    from 17.4 to 17.3?

    LOL!

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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by The Prof View Post
    nonsense, doctor

    if those coherent macro stabilization policies actually worked, we wouldn't be HERE
    I'm not here to play your game of antics. I have asked you repeatedly.....

    Why are the markets all so willing to purchase government debt? Are you truly saying the markets are wrong? How can this be?

    What is it you know that they do not?
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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