Why hate Obama?

[Wiglaf]

buying a shitload of weapons and directly hiring a shitload of troops while also building up the freeways.. yeah i see no corrolation to stimulus spending there.

[Liam]

Why not?

[herbivor]

70+ years of liberalism got us to where we are today, of democrats being in control of congress and spending money we don't have

really is pretty simple

If it were that simple why do half of economists disagree with the other half on what should be done? There is history showing reducing deficit and cutting spending during a recession causes a deeper recession. See 1937. If it was that simple we would already be doing it. Unfortunately economics is not a science because it's based on human emotions, not logic.

[gwb72tii]

If it were that simple why do half of economists disagree with the other half on what should be done? There is history showing reducing deficit and cutting spending during a recession causes a deeper recession. See 1937. If it was that simple we would already be doing it. Unfortunately economics is not a science because it's based on human emotions, not logic.

ha ha

its just that there are no examples of keynesian economics working

if you out all the economists together in one room they still wouldn't reach a conclusion

[HarryPotter]

Ron Paul 2012. Get out there and vote guys. End the fed.

[joshh]

If it were that simple why do half of economists disagree with the other half on what should be done? There is history showing reducing deficit and cutting spending during a recession causes a deeper recession. See 1937. If it was that simple we would already be doing it. Unfortunately economics is not a science because it's based on human emotions, not logic.

So then you're saying for the economy to do well we need a higher deficit and more spending?

[herbivor]

So then you're saying for the economy to do well we need a higher deficit and more spending?

Not only am I saying that, 40% of economists say that. (heard that poll recently on NPR). I think Morrison already kinda made the point.

The downside to keynesian intervention is that its effects are short lived and meant to be used as more of a jumpstart, not life support. So by the time "O" took office much of that proverbial keynesian adrenal gland was run dry. The only thing left to try at that point was to try to squeeze the fucker harder (ratchet up spending even more).

The success of the economy is not tied directly to the deficit. In fact having some deficit is good for the economy which is why nearly every country has one, although, I agree, ours is currently too big and in the long run has a negative impact.

I think the problem is that once we perform a Keynesian move on the economy, we don't do the things necessary to go back to a more stable economy once it gets "jump-started", like slowly raise taxes and cutting spending. Why? Because it's politically unpopular to do such things. Keynesian theory works, but the way we implement it in the long run doesn't.

[Morrison]

^
Exactly. It's a little like a drug habit. Fun while the high lasts but unsustainable. Even Charlie Sheen knows that he can't continually bang 7 gram rocks and so he takes a break once in a while. Amy Winehouse on the other hand didn't learn this. Too soon?

Along the same lines, no pun intended, some drugs like chemotherapy are a medicine that's been proven effective to eliminate cancer. There are a few negative side effects from its use but at least you'll live to tell the tale in most cases where its implemented soon enough. One of the major side effects of government spending is inflation but to be honest I have only seen very minor inflation. Keynes himself predicted this increased inflation however and outlined ways to manage it.

The key as herbivor mentioned though, is to ween ourselves off it when times are good. But who wants to be the president "Who ended the party."?

[Vedubin01]

how about eliminating all entitlement programs. From Food Stamps, Section 8 Housing, to SS and Medicare and Medicaid?

This life owed you nothing so its time to buck up!

[NKRoberts]

Not only am I saying that, 40% of economists say that. (heard that poll recently on NPR). I think Morrison already kinda made the point.

So that means 60% are saying that we shouldn't do that?

[Vedubin01]

Im guessing O's home state is a perfect model on how to create jobs.

http://www.illinoispolicy.org/news/article.asp?ArticleSource=4362

Illinois started to create jobs as the national economy began to recover. But just when Illinois’s economy seemed to be turning around, lawmakers passed record tax increases in January of this year. Since then, Illinois’s employment numbers have done nothing but decline.

Data released today by the bureau confirms this downward trajectory. When it comes to putting people back to work, Illinois is going backwards. Since January, Illinois has dropped 89,000 people from its employment rolls [/FONT]

[herbivor]

^ The website didn't open for me. But generally raising taxes in a depressed economy is also not a great idea. But as the economy improves we do need to have a balanced approach of raising taxes and having spending cuts. Raising taxes and cutting spending in a depressed economy started the second worse depression in history, back in the 30's. And we're trying to do it again.

[Vedubin01]

Ill just also post this here since we are talking about the big O and why so much hate!

Discuss.....



EPA imposes Obama's cap and trade regs- energy prices 'skyrocket'


Although Congress never managed to pass President Barack Obama's cap and trade plan, the Environmental Protection Agency's new regulations imposed on coal plants did the job for the president and Democrats on the hill pushing for C & T.

http://www.washingtontimes.com/blog/...yrocket-under/

[Morrison]

This is nothing new. Even John McCain and Sarah Palin supported mandatory cap and trade regulations: http://www.youtube.com/watch?v=Cbo1yJE1nxk About 4 minutes in.

Still, I submit that its not a great move economically speaking. Unless you are the company that makes the equipment these plants will need to purchase in order to meet compliance. Whoever they are, that's where you want to be purchasing stock. Thanks for the tip!

[Vedubin01]

very sly way of getting his way dont you think?