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Thread: Obama Calls for 'Full-Scale Attack' to Revive Struggling Economy

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    Re: Obama Calls for 'Full-Scale Attack' to Revive Struggling Economy

    Quote Originally Posted by washunut View Post
    Please explain how Obama wants to lower Federal taxes on 95% of the people when only 53% actually pay Federal tax. Just goes to basic honesty.
    increases in the money people who don't pay taxes get back.
    The Obama Deficit

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    Re: Obama Calls for 'Full-Scale Attack' to Revive Struggling Economy

    Quote Originally Posted by damianvincent View Post
    Most of the extra spending during Reagan's term was due to the Democrats who controlled Congress, just like most of the rolled back spending during Clinton's term was due to the Republican's in Congress.
    Reagan had the option to veto, right?
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    Re: Obama Calls for 'Full-Scale Attack' to Revive Struggling Economy

    Quote Originally Posted by UtahBill View Post
    Reagan had the option to veto, right?
    sorry double post.
    Last edited by damianvincent; 08-30-10 at 07:33 PM.
    The Obama Deficit

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    Re: Obama Calls for 'Full-Scale Attack' to Revive Struggling Economy

    Quote Originally Posted by UtahBill View Post
    Reagan had the option to veto, right?
    He could, but, he made concessions to get defense increases.
    The Obama Deficit

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    Re: Obama Calls for 'Full-Scale Attack' to Revive Struggling Economy

    Quote Originally Posted by damianvincent View Post
    Most of the extra spending during Reagan's term was due to the Democrats who controlled Congress, just like most of the rolled back spending during Clinton's term was due to the Republican's in Congress.
    This is false. Congress passed budgets within about 5 % of what Reagan proposed.
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    Re: Obama Calls for 'Full-Scale Attack' to Revive Struggling Economy

    Quote Originally Posted by danarhea View Post
    Roosevelt essentially spent our way out of the Great Depression. But this time, we have a problem - We don't have any money left to do this.
    Don't have a World War to spend it on either........... yet.
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    Re: Obama Calls for 'Full-Scale Attack' to Revive Struggling Economy

    Quote Originally Posted by damianvincent View Post
    increases in the money people who don't pay taxes get back.
    Was that part of the Bush tax cuts? That is what is being discussed.

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    Re: Obama Calls for 'Full-Scale Attack' to Revive Struggling Economy

    I find it interesting how little discussion went on in this thread. I was hoping that by changing tone in the OP it would inspire more then one sentence responses. A most disappointing, though not really unanticipated outcome.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Obama Calls for 'Full-Scale Attack' to Revive Struggling Economy

    Quote Originally Posted by MrVicchio View Post
    I find it interesting how little discussion went on in this thread. I was hoping that by changing tone in the OP it would inspire more then one sentence responses. A most disappointing, though not really unanticipated outcome.
    I reread the opening of the thread to see if I missed something. Not sure I understand what you mean about the changing of tone.

    For me the headline about a full scale attack to revive our economy is junk politics by the President. The note talking about getting the government out of the way lays out the Republican arguement.

    I agree with neither arguement, perhaps that is why you got the response you did. My sense is that the type of recession we are in, based on a financial breakdown, does not have any short term fix. Many people probably understand this but can't say it because the public wants instant gratification. So the administration says just spend more money and everything will be fine. The opposition says do nothing and get out of the way and everything will be fine.

    The economy needs to find a bottom until we do that we will bounce around and just drift lower. Else we will inflate prices, and get there using cheaper dollars.

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    Re: Obama Calls for 'Full-Scale Attack' to Revive Struggling Economy

    Quote Originally Posted by washunut View Post
    Please explain how Obama wants to lower Federal taxes on 95% of the people when only 53% actually pay Federal tax. Just goes to basic honesty.
    Not paying federal income tax is not the same thing as not paying federal tax.
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    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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