>>The economic results don't agree with you and this list is being given credit for something that no one can quantify.
Which results are those? The 9.2 million private-sector jobs that have been added in four-and-a-half years? The decline in deficits from 10% of GDP to 2.8%. A profit on TARP?
>>QE has done more for Wall Street than any economic policies to help the American people.
For one thing, I don't see a sharp distinction between them. And moreover, I think QE has benefited the economy broadly. It certainly has helped the government control the deficit. As I see things, we the People
are the government. Government accounts belong to
us.
>>The rich have gotten richer and the poor poorer.
The rich have gotten much richer. This is due largely to tax policies in place for the past thirty years, made worse by the Bush-era tax cuts, that I expect you support.
In 2010, as the nation continued to recover from the recession, a dizzying 93 percent of the additional income created in the country that year, compared to 2009 — $288 billion — went to the top 1 percent of taxpayers, those with at least $352,000 in income. That delivered an average single-year pay increase of 11.6 percent to each of these households.
Still more astonishing was the extent to which the super rich got rich faster than the merely rich. In 2010, 37 percent of these additional earnings went to just the top 0.01 percent, a teaspoon-size collection of about 15,000 households with average incomes of $23.8 million. These fortunate few saw their incomes rise by 21.5 percent.
The bottom 99 percent received a microscopic $80 increase in pay per person in 2010, after adjusting for inflation. The top 1 percent, whose average income is $1,019,089, had an 11.6 percent increase in income. —
The Rich Get Even Richer,
NYT, March 25, 2012
Obama has indeed been unable to reverse this trend, and for a very simple reason — opposition to his policies by the Republican majority in the House. To anyone concerned about this, and I agree we should be
very concerned, my suggestion would be to vote for Democrats in the mid-term.
>>What people want to ignore is that Bush took over an economy in recession, had 9/11, had a Democrat Congress from 2007-2009 and yet grew GDP 4.5 trillion dollars.
He also had a federal budget that was in much better shape.
Yer choice of a passive verb — "had" 9/11 — is an interesting one. He also "had" a clear wraning presented to him in a PDB that Al Qaeda was "determined to strike inside the US." Fwiw, I blame Chaingang, Mr. National Security, more than I blame Bush.
$4.4 trillion, to be more precise, and only $1.7 trillion if you adjust for inflation. He did a lot better than Mr. Reagan on deficits — the per capita national debt under Mr. Bush increased by only 45%, half of Reagan's number.
>>The stimulus plan was a payoff to Obama economic supporters, ie unions. Tell me how much of a tax cut did you get?
The tax cuts in that legislation went mostly to businesses and investors. I guess I missed out on those. I did get a check for, what was it, $300? I don't where yer getting the union stuff? Construction projects? I suppose we could have had the Girl Scouts do the work.
>>Again, you buy what you are told
Pretty funny coming from the Right.
>>how many House passed bills are sitting in Harry Reid's desk and not being debated? Reid is much more of a problem than the House.
How is the Senate more of a problem? Those House bills are largely tax give-aways. The American people don't support that nonsense anymore.
>>That is a pipe dream. We have a 17.3 trillion dollar debt and this adds to it thus the debt service is going up. How does a bill that costs this much and yet leaves 31 million people uninsured benefit the economy and American People?
It's true that the ACA is projected to add to the deficits in the future. This should be balanced out, at least in part, by reduced healthcare costs. And in my view, there is a societal benefit involved in providing millions of Americans affordable health insurance. In general, it will be very difficult to determine the costs and benefits.
>>Ask the people of W. Va. about regulations on Coal production. How could a Democrat state of W. Va. be so anti Obama now? How about the Keystone Pipeline? I could go on.
Poeple are always telling me they could go on about the terrible regulations. My guess is they don't have any to talk about.
West Virginia. Isn't that the state where all those people had their water supply contaminated by a chemical spill from a coal mining company? About 100K people got sick. I hear that the Right blames the EPA because the chemical that was leaked is used in washing clay and rock from coal so that it will burn cleaner.
WV voted for Bush in 2004. Should Democrats "pay off their economic supporters" by favouring the coal industry at the expense of the health of human beings and the environment in general?
>>So what? Is the cost of living the same in each state? States can raise the minimum wage so why is this something the Federal Govt. should get involved in?
Because it's in the national interest. The feds should set a minimum and states with a higher cost-of-living can set a higher level.
>>You think it is the Federal Responsibility to tell a private sector business what to pay its worker? What investment does the Federal Govt. have in that business in terms of actual dollars?
Is it a federal responsibility to tell a private-sector business that it can't legally operate with unsafe working conditions? Minimum wage standards protect workers from exploitation, like other labor laws.
>>Global Warming is a hoax
Not according to 97% of climatologists. I suppose you know better.
>>What you show are examples of brainwashing.
Not the most convincing argument.
>>You don't think Obama has lied? Wow, you haven't been paying attention and are going to believe exactly what you want to believe. This is the most corrupt Administration and one of the least transparent in history. IRS, Benghazi, ACA, Economic predictions, again I could go on but you are only going to believe what you want to believe.
You could go on and on, and yet you don't list a single alleged "lie." It's all rhetoric.