- Joined
- Dec 9, 2009
- Messages
- 134,496
- Reaction score
- 14,621
- Location
- Houston, TX
- Gender
- Male
- Political Leaning
- Conservative
rabbitcaebannog;1062144305]Ah, I don't know...perhaps not give them everything they wanted.
Where is the Olive Branch in those claims? Giving them everything they wanted? Do you understand that allowing people to keep more of what they earn gives a politician their worst nightmare, loss of power.
Government spending that you're addressing has nothing to do with the loss of government jobs. What you are addressing is spending which was in place by appropriations and policies when Obama took office including a huge bail out. Under Obama, we see a sharp downturn in government jobs. That is the point I'm trying to make. We need more jobs in a recession not less. Obama could have bailed out states and allowed them to keep essential jobs instead of focusing on bailing out private institutions.
Really? How does a govt. employee get paid, state, local, and Federal? You seem to have a very short memory, the bailout was a loan most of which has been paid back. It had nothing to do with public sector jobs for the most part. I asked you is there a sharp downturn in FEDERAL JOBS for that is what Obama controls? What we need are private sector jobs that don't cause debt but rather govt. revenue not public sector jobs created by the govt. What happens when the funding for those govt. created jobs runs out?
Growing capital through financialization is a problem. This capital isn't being used to create jobs, through trade and commodity production in the economy, but rather a pattern of accumulation in which profit making occurs increasingly through financial channels. A particular group who is capitalizing on this economy is the rentier class which make their money off of passive income. We currently see massive amounts of payments to bondholders, laying off of public employees, exacerbating the cycle of unemployment and so people are buying less goods and services and don't pay much in taxes so less revenue comes in. Creditor friendly policies are harming our economy.
Under this Administration there is no incentive for the private sector to create jobs. It isn't the private sectors role to create jobs but it does create meaningful jobs due to the nature of the private sector, something liberals seem to not understand.
We have massive payments due bond holders that were forfeited when Obama took over GM/Chrysler. Where was your outrage then?
I've not been brainwashed at all. I've looked at both sides of the argument and can clearly see the trend is toward privatizing services and the selling off of public assets. This in turn refines the ability to extract rents which keeps bondholders in complete power/control by making sure they will be paid in full be damn our public interest/goods and assets. And, to answer your final question, GDP is largely depended on consumer spending for goods and services.
I have seen no evidence that you look at both sides of the issue and yes, the largest component of GDP is consumer spending meaning that when people have more spendable income that creates economic activity. Do you think tax cuts affect spendable income? Here is a perfect example of Obama's accomplishments
President Obama walks into a local bank in Chicago to cash a check. He is surrounded by Secret Service agents. As he approaches the cashier he says, "Good morning Ma'am, could you please cash this check for me?"
Cashier:
"It would be my pleasure sir. Could you please show me your ID?"
Obama:
"Truthfully, I did not bring my ID with me as I didn't think there was any need to. I am President Barack Obama, the President of the United States of AMERICA !!!!"
Cashier:
"Yes sir, I know who you are, but with all the regulations and monitoring of the banks because of 9/11, impostors, forgers, money laundering, and bad mortgage underwriting not to mention requirements of the Dodd/Frank legislation, etc., I must insist on seeing ID."
Obama:
“Just ask anyone here at the bank who I am and they will tell you. Everybody knows who I am."
Cashier:
"I am sorry Mr. President but these are the bank rules and I must follow them."
Obama:
"I am urging you, please, to cash this check. I need to buy a gift for Michelle for Valentine’s Day"
Cashier:
"Look Mr. President, here is an example of what we can do. One day, Tiger Woods came into one of our bank branches without ID. To prove he was Tiger Woods he pulled out his putter and made a beautiful shot across the bank into a coffee cup. With that shot we knew him to be Tiger Woods and cashed his check.”
“Another time, Andre Agassi came into the same place without ID. He pulled out his tennis racquet and made a fabulous shot where as the tennis ball landed in a coffee cup. With that shot we cashed his check.
So, Mr. President, what can you do to prove that it is you, and only you, as the President of the United States?"
Obama:
Obama stands there thinking, and thinking, and finally says, "Honestly, my mind is a total blank...there is nothing that comes to my mind. I can't think of a single thing. I have absolutely no idea what to do and I don’t have a clue.”
Cashier:
"Will that be large or small bills, Mr. President?