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Thread: Obama State of the Union

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    Re: Obama State of the Union

    Quote Originally Posted by Catawba View Post
    Where did I say all the problems have been created in 2008? The problems started back with Reagan slashing taxes for the top income brackets, while simultaneously increasing military spending. Bush continued by further cutting taxes to the most wealthy and doubled military spending, in addition to the expense of two unfunded wars, all done before 2007.

    Before Reagan we had 30 years where the debt never increased as a percentage of the GDP.
    Now there you go again, lying. Reagan tax cuts went to ALL TAXPAYERS but that is beside the point. Reagan wasn't a King and had a Congress that approved those tax cuts. That Congress was led by Tip ONeil a Democrat. Reagan tax cuts not only paid for themselves but also paid for the spending on the military, bea.gov.

    What percentage increase in the debt is Obama generating? How are we going to pay for the Obama debt?

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    Re: Obama State of the Union

    Quote Originally Posted by ptif219 View Post
    From your link. Notice it says appear to help.
    U.S. Economy Gets Lift From Stimulus - WSJ.com

    I agree.
    What evidence is there we would be in worse shape without Obama's out of control spending?
    That our economy has improved in just one year from one of the worst recessions in decades.

    "Government efforts to funnel hundreds of billions of dollars into the U.S. economy appear to be helping the U.S. climb out of the worst recession in decades.

    But there's little agreement about which programs are having the biggest impact. Some economists argue that efforts such as the Federal Reserve's aggressive buying of Treasury debt and mortgage-backed securities, as well as government efforts to shore up banks, are providing a bigger boost than the administration's $787 billion stimulus package."

    Opinion, however, remains split about which program has had the biggest impact. "I don't think the stimulus was necessarily as effective as people claimed it to be or claim it will be," said Joseph LaVorgna, chief U.S. economist with Deutsche Bank Securities Inc. He credits the government's "stress tests" of banks, which helped boost confidence on Wall Street and allow banks to raise capital and resume lending."


    So, some think it was the Obama's stimulus, and some think it was Obama's stress tests for the banks helped the most.

    "Treasury Secretary Tim Geithner describes how the government conducted these stress tests. “The Federal Reserve marshaled hundreds of supervisors to spend 45 days rigorously reviewing the banks’ detailed loan data. They applied exacting estimates of potential losses over two years, along with conservative estimates of potential earnings over the same period, and compared them with existing reserves and capital. The results were then evaluated against strict minimum capital standards, in terms of both overall capital and tangible common equity.”
    Obama agenda: Stress tests, budget cuts

    Back to the previous article:

    "Economists say other programs are having an impact, including an $8,000 tax credit for first-time home-buyers that has spurred home sales. The cash-for-clunkers program, which provided financial incentives for consumers to trade in older vehicles, did the same for cars."


    All programs by Obama and the Democrats.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Obama State of the Union

    Quote Originally Posted by Catawba View Post
    U.S. Economy Gets Lift From Stimulus - WSJ.com

    I agree.


    That our economy has improved in just one year from one of the worst recessions in decades.

    "Government efforts to funnel hundreds of billions of dollars into the U.S. economy appear to be helping the U.S. climb out of the worst recession in decades.

    But there's little agreement about which programs are having the biggest impact. Some economists argue that efforts such as the Federal Reserve's aggressive buying of Treasury debt and mortgage-backed securities, as well as government efforts to shore up banks, are providing a bigger boost than the administration's $787 billion stimulus package."

    Opinion, however, remains split about which program has had the biggest impact. "I don't think the stimulus was necessarily as effective as people claimed it to be or claim it will be," said Joseph LaVorgna, chief U.S. economist with Deutsche Bank Securities Inc. He credits the government's "stress tests" of banks, which helped boost confidence on Wall Street and allow banks to raise capital and resume lending."


    So, some think it was the Obama's stimulus, and some think it was Obama's stress tests for the banks helped the most.

    "Treasury Secretary Tim Geithner describes how the government conducted these stress tests. “The Federal Reserve marshaled hundreds of supervisors to spend 45 days rigorously reviewing the banks’ detailed loan data. They applied exacting estimates of potential losses over two years, along with conservative estimates of potential earnings over the same period, and compared them with existing reserves and capital. The results were then evaluated against strict minimum capital standards, in terms of both overall capital and tangible common equity.”
    Obama agenda: Stress tests, budget cuts

    Back to the previous article:

    "Economists say other programs are having an impact, including an $8,000 tax credit for first-time home-buyers that has spurred home sales. The cash-for-clunkers program, which provided financial incentives for consumers to trade in older vehicles, did the same for cars."


    All programs by Obama and the Democrats.
    Amazing how the unprecedented deficit spending is leading to mediocre at best economic results but that doesn't bother you. Is that the way you operate in real life. How are you going to feel when the bills come due?

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    Re: Obama State of the Union

    Quote Originally Posted by Catawba View Post
    U.S. Economy Gets Lift From Stimulus - WSJ.com

    I agree.


    That our economy has improved in just one year from one of the worst recessions in decades.

    "Government efforts to funnel hundreds of billions of dollars into the U.S. economy appear to be helping the U.S. climb out of the worst recession in decades.

    But there's little agreement about which programs are having the biggest impact. Some economists argue that efforts such as the Federal Reserve's aggressive buying of Treasury debt and mortgage-backed securities, as well as government efforts to shore up banks, are providing a bigger boost than the administration's $787 billion stimulus package."

    Opinion, however, remains split about which program has had the biggest impact. "I don't think the stimulus was necessarily as effective as people claimed it to be or claim it will be," said Joseph LaVorgna, chief U.S. economist with Deutsche Bank Securities Inc. He credits the government's "stress tests" of banks, which helped boost confidence on Wall Street and allow banks to raise capital and resume lending."


    So, some think it was the Obama's stimulus, and some think it was Obama's stress tests for the banks helped the most.

    "Treasury Secretary Tim Geithner describes how the government conducted these stress tests. “The Federal Reserve marshaled hundreds of supervisors to spend 45 days rigorously reviewing the banks’ detailed loan data. They applied exacting estimates of potential losses over two years, along with conservative estimates of potential earnings over the same period, and compared them with existing reserves and capital. The results were then evaluated against strict minimum capital standards, in terms of both overall capital and tangible common equity.”
    Obama agenda: Stress tests, budget cuts

    Back to the previous article:

    "Economists say other programs are having an impact, including an $8,000 tax credit for first-time home-buyers that has spurred home sales. The cash-for-clunkers program, which provided financial incentives for consumers to trade in older vehicles, did the same for cars."


    All programs by Obama and the Democrats.
    You have no proof these programs improved anything.

    First sentence of the article it appears. that means it may have happened any way.


    Government efforts to funnel hundreds of billions of dollars into the U.S. economy APPEAR to be helping the U.S. climb out of the worst recession in decades.

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    Re: Obama State of the Union

    Quote Originally Posted by Conservative View Post
    Amazing how the unprecedented deficit spending is leading to mediocre at best economic results but that doesn't bother you. Is that the way you operate in real life. How are you going to feel when the bills come due?
    I had thought it would take this administration years to have made as much of a comeback as we have. According to economist, the time to decrease spending is in boom times, and I don't think we are quite there yet do you?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Obama State of the Union

    Quote Originally Posted by ptif219 View Post
    You have no proof these programs improved anything.
    I've already provided proof that things have improved, if slightly.

    What proof do you have that things have not improved at all?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Obama State of the Union

    Quote Originally Posted by Catawba View Post
    I had thought it would take this administration years to have made as much of a comeback as we have. According to economist, the time to decrease spending is in boom times, and I don't think we are quite there yet do you?
    You haven't shown to be very accurate so I wouldn't expect you to be accurate now. Tell us how the economic conditions hurt you or your family since it was "the worst recession in decades" which of course had to affect you.

    Have you ever taken a finance class? There was no reason to spend the trillions Obama has committed to get this economy out of the recession. Saul Alinsky claimed that when in crisis just step on the gas and that is what Obama is doing with his spending.

    There is NO WAY we can pay back all this spending and keep our economy alive and one promoting capitalism. The tax burden on small business is going to destroy it and when that happens it destroys the economy. Maybe that is your goal but history apparently isn't your strong suit nor is economics. The European Model is a failure, low economic growth, high unemployment, and basic stagnation. Is that really what you want here?

    This country isn't a European country and relies on free enterprise and capitalism whereas Europe relies on Govt. Sounds to me like that is what you want here.

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    Re: Obama State of the Union

    Quote Originally Posted by Catawba View Post
    I've already provided proof that things have improved, if slightly.

    What proof do you have that things have not improved at all?
    4 million jobs lost, millions dropping out of the labor force, trillions in deficits added to the debt. Net interest on the debt is soon to exceed the Dept. of Defense and we get nothing for it and there is no end in site. States around the nation are bankrupt and things are getting worse. Provide specifics that things are getting better not just words.

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    Re: Obama State of the Union

    Quote Originally Posted by Catawba View Post
    I've already provided proof that things have improved, if slightly.

    What proof do you have that things have not improved at all?
    This is "your" President and that economic stimulus plan you are touting as you turn your back on the lost jobs of the other window manufacturers as well as the cronyism that is going on in the "most" transparent Administration in history. This Administration is making Jimmy Carter look good.

    [ame="http://www.youtube.com/watch?v=TvCZBKxP4TY&feature=player_embedded"]YouTube- 1/14/10 Stossel Excerpt on Crony Capitalism: Seriously?![/ame]

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    Re: Obama State of the Union

    Quote Originally Posted by Conservative View Post
    Tell us how the economic conditions hurt you or your family since it was "the worst recession in decades" which of course had to affect you.
    Money lost in the market has been considerable as well as decreased business for us. Fortunately, since this administration, I am seeing some improvement. Tell us how the Obama administration has hurt you or your family since he became president?
    Have you ever taken a finance class?
    Only basic courses, but I have observed what has worked and what has not worked through history.

    There was no reason to spend the trillions Obama has committed to get this economy out of the recession. Saul Alinsky claimed that when in crisis just step on the gas and that is what Obama is doing with his spending.
    Many economists believe that shutting down all cash flow in a recession is the worst thing you could do. And since their was none in the private sector, that only left the government with the capacity do keep things moving. And the much of the stimulus was targeted to improve our long term needs, in education, alternative energy, and the environment, all of which are critical to our future success as a country.

    There is NO WAY we can pay back all this spending and keep our economy alive and one promoting capitalism.
    Of the 12.3 trillion dollar debt, Obama has only added 2.6 trillion and most of that went to clean up the mess from the last decade. I will agree however that our 2 unfunded wars, Bush's 1 trillion dollar debt for his unfunded tax cuts, and his 1 trillion dollar unfunded and unworkable prescription card program, really put a hurting in the country, and I did not support them.

    The tax burden on small business is going to destroy it and when that happens it destroys the economy. Maybe that is your goal but history apparently isn't your strong suit nor is economics.
    Had to slip a little insult in there didn't you! What is it with you and the insults? It has nothing to do with my knowledge or my patriotism. Both of us, I presume, want our country to flourish. We simply have different priorities on how to accomplish that and who we want to be in on the improved status.

    The European Model is a failure, low economic growth, high unemployment, and basic stagnation. Is that really what you want here?
    No, that is why I've been pleased that under Obama the rate of job losses have slowed from the rate of job losses when Bush left, and economic growth is beginning to recover again.

    This country isn't a European country and relies on free enterprise and capitalism whereas Europe relies on Govt. Sounds to me like that is what you want here.
    Nope, I have no problem with capitalism, as long as it is properly regulated. The problems came about when the regulations on banks and speculators were gutted in the 90's.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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