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Stimulus failing miserablyFollow

#77 Jun 07 2010 at 4:46 AM Rating: Decent
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Omegavegeta wrote:
But once again, on record, I'd like to thank W for passing the first stimulus & not letting all the banks & car companies fail, as that would have made a bad situation much worse.

No! Federal stimulus packages are bad! [shakesfist]
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publiusvarus wrote:
we all know liberals are well adjusted american citizens who only want what's best for society. While conservatives are evil money grubbing scum who only want to sh*t on the little man and rob the world of its resources.
#78 Jun 07 2010 at 6:04 AM Rating: Excellent
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Dread Lörd Kaolian wrote:
Aripyanfar wrote:

Given that America has 5% of the world's population, and 25% of the world's prison population, there seems to be some imbalance in the system somewhere, unless it's some breakdown in society peculiar to the US.


That's mainly because India and China just shoot most of theirs.


Well, in the case of China, they need to harvest those organs. It's ingenious, in its way - you keep someone on death row until you need his liver.



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#79 Jun 07 2010 at 7:51 AM Rating: Decent
Debo,

Quote:
No, not at all. Petty, small-minded, insecure people like the ones you mention would gladly see America fall just so they could prove a point. Much better than actually living in a country where people are treated fairly.


And even smaller-minded people hand congress and the presidency over to radical tax and spend liberals. What's truly sad is the Democrat congress has done more to ***** up this economy than anyone else and they did is solely to get a liberal Democrat elected president.

This economy is not improving; nor is it going to under the current leadership in DC. Incidentally this is also why the Dems are terrified of the upcoming Nov elections. The american people have seen them make a struggling economy worse and since they have complete control in DC they can't blame it on the GOP, even though they're still trying to play the "it's W's fault" card.

Of course this is all part of Obama's, and the liberals, plan to enslave americans. The more people they can put on govn cheese or hire as govn "employees" the more people they have effectively put under the control of the federal govn.
#80 Jun 07 2010 at 7:57 AM Rating: Excellent
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knoxxsouthy wrote:
This economy is not improving

Of course it is. Perhaps not as quickly as you'd like or swiftly enough to avoid being a political issue but it is unarguably improving from its nadir.
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Belkira wrote:
Wow. Regular ol' Joph fan club in here.
#81 Jun 07 2010 at 8:01 AM Rating: Good
Varrus subscribes to the Hitlerian school of political discourse.
#82 Jun 07 2010 at 8:13 AM Rating: Good
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knoxxsouthy wrote:
Smiley: tinfoilhat
Screenshot

You and Thief need to get a room.
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#83 Jun 07 2010 at 8:19 AM Rating: Decent
Jophed,

Quote:
Of course it is. Perhaps not as quickly as you'd like or swiftly enough to avoid being a political issue but it is unarguably improving from its nadir.


You're delusional.

Quote:
President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation’s annual economic output, a step toward what Bill Gross called a “debt super cycle.”

The CHART OF THE DAY tracks U.S. gross domestic product and the government’s total debt, which rose past $13 trillion for the first time this month. The amount owed will surpass GDP in 2012, based on forecasts by the International Monetary Fund. The lower panel shows U.S. annual GDP growth as tracked by the IMF, which projects the world’s largest economy to expand at a slower pace than the 3.2 percent average during the past five decades.


Quote:
Dan Fuss, who manages the Loomis Sayles Bond Fund, which beat 94 percent of competitors the past year, said last week that he sold all of his Treasury bonds because of prospects interest rates will rise as the U.S. borrows unprecedented amounts. Obama is borrowing record amounts to fund spending programs to help the economy recover from its longest recession since the 1930s.



http://www.bloomberg.com/apps/news?pid=20601109&sid=aa0cI64Gx.4E&pos=15


And it's going to get much worse before it gets any better. Buy gold or land.





#84 Jun 07 2010 at 8:34 AM Rating: Good
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I assume you mean land somewhere other than in America. Because if the economy's as bad as you say, and spiraling even more, then land in America is going to be worthless. Maybe we should buy some in Mexico?
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#85 Jun 07 2010 at 8:42 AM Rating: Excellent
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When Varus goes buys land in Mexico, can we build a wall to keep him out?
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#86 Jun 07 2010 at 8:47 AM Rating: Excellent
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knoxxsouthy wrote:
You're delusional.

Hrm. That chart shows the GDP increasing again after a drop off. Almost as though the GDP has been... improving?
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Belkira wrote:
Wow. Regular ol' Joph fan club in here.
#87 Jun 07 2010 at 10:52 AM Rating: Decent
Jophed,

Quote:
Almost as though the GDP has been... improving?


Unfortunately not fast enough to keep up with Democrats spending.

#88 Jun 07 2010 at 11:43 AM Rating: Good
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knoxxsouthy wrote:
Jophed,

Quote:
Almost as though the GDP has been... improving?


Unfortunately not fast enough to keep up with Democrats spending.

So you admit that it's been improving then? Since that was the point at hand.
#89 Jun 07 2010 at 11:55 AM Rating: Good
AshOnMyTomatoes wrote:
knoxxsouthy wrote:
Jophed,

Quote:
Almost as though the GDP has been... improving?


Unfortunately not fast enough to keep up with Democrats spending.

So you admit that it's been improving then? Since that was the point at hand.

Increased GDP <> Improved economy.
#90 Jun 07 2010 at 1:05 PM Rating: Excellent
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No, but GDP hasn't been the only positive indicator either. It was, however, the one shown in his graph.
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#91 Jun 07 2010 at 1:14 PM Rating: Default
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Allegory wrote:
ThiefX wrote:
Actually you have that wrong. We all want the economy to recover and eventually it will

See, maybe I'm just completely biased, but that isn't the vibe I'm getting. I can completely understand the belief that specific actions may be harmful and therefore being angry and fearful of them being taken. But what seems to be the case for a few conservatives here is that they'd rather see Obama fail than the U.S. recover.


You're completely biased. Conservatives do believe that the economy will recover (as economies do tend to eventually do). Our concern is that when it does, everyone will point to the actions of Obama and declare that the economy recovered because of those actions. That will then be used as support for why we need more big government spending, and broader social programs.

If you believe (as pretty much all conservatives do) that those things are consistently bad for the economy, you'll have a vested interest in making sure people understand that whatever economic recovery we experience will occur despite the actions of the Obama administration and not because of them. We don't want the economy to fail, and we don't want it not to recover. We're looking at avoiding the next economic disaster...
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#92 Jun 07 2010 at 1:19 PM Rating: Decent
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And [if/when] the economy *does* recover, due to Obama's actions? What then?
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publiusvarus wrote:
we all know liberals are well adjusted american citizens who only want what's best for society. While conservatives are evil money grubbing scum who only want to sh*t on the little man and rob the world of its resources.
#93 Jun 07 2010 at 1:19 PM Rating: Excellent
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gbaji wrote:
Our concern is that when it does, everyone will point to the actions of Obama and declare that the economy recovered because of those actions.

Kind of like how you guys couldn't get enough of sucking off Bush as the economy moved out of the recession in 2000-2002? I remember Totem starting a thread demanding that we all acknowledge Bush as the best president ever for the nation's economic victories and you never once tried to correct him.

Of course, then it all crashed and you rushed to blame the Democrats for it all and Totem just kind of nervously giggled when the topic came up.

Edited, Jun 7th 2010 2:20pm by Jophiel
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#94 Jun 07 2010 at 2:29 PM Rating: Decent
Jophed,

Quote:
Of course, then it all crashed and you rushed to blame the Democrats for it all


Yeah they only controlled congress and did their best to give W the middle finger while destroying the banking and housing sectors.

#95 Jun 07 2010 at 2:37 PM Rating: Excellent
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knoxxsouthy wrote:
Yeah they only controlled congress

So the GOP is to blame for the recession of the early 2000s. At least you'll admit to something the GOP fucked up on. Thanks!
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#96 Jun 07 2010 at 3:05 PM Rating: Default
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Debalic wrote:
And [if/when] the economy *does* recover, due to Obama's actions? What then?


If/when you or anyone can make a reasonable case that his actions were the prime cause of recovery, I'll acknowledge his part in said recovery. I'm not holding my breath though. My moneys on just claiming that since the economy recovered, and Obama was in office, that it must have recovered because of him...

Jophiel wrote:
Kind of like how you guys couldn't get enough of sucking off Bush as the economy moved out of the recession in 2000-2002? I remember Totem starting a thread demanding that we all acknowledge Bush as the best president ever for the nation's economic victories and you never once tried to correct him.


Best president ever? I love the "all or nothing" conditionals you use so consistently.

Here's the thing. I *can* present a reasonable case that Bush's actions were the prime cause of recovery (more specifically the rapidity of the recovery in that case). At the time, we pointed to the tax cuts designed specifically to allow those segments of the economy most hit by the downturn to recover, with a belief that as the businesses recovered, jobs would come back, and the entire economy would recover as well.

And what do you know? It worked exactly as predicted.

Contrast that to Obama's approach to do everything he can to hinder and harm the parts of the economy (financial industry) most directly affected by the downturn. What little help is being provided is designed to be the bare minimum, not to allow for profits, but just to keep them from bankruptcy. And those are being coupled with strangling regulations and conditions. Bush understood that for business to benefit "the people", it has to be more than just making even. It has to be profitable. Obama apparently doesn't understand this. That's why his actions aren't helping.
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King Nobby wrote:
More words please
#97 Jun 07 2010 at 3:09 PM Rating: Good
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gbaji wrote:
At the time, we pointed to the tax cuts designed specifically to allow those segments of the economy most hit by the downturn to recover, with a belief that as the businesses recovered, jobs would come back, and the entire economy would recover as well.

And what do you know? It worked exactly as predicted.


No ****. That's how every economic recovery works. The onus is to show that somehow the tax cuts are what caused it, which requires significantly more effort than your usual "it's obvious because.."
#98 Jun 07 2010 at 3:13 PM Rating: Excellent
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gbaji wrote:
Best president ever? I love the "all or nothing" conditionals you use so consistently.

Actually, that was Totem's assertion. Presidents should be judged based on the economies they presided over and since the stock market had reached record highs under Bush, we should be praising Bush as one of, if not the, best presidents in our nation's history.
Quote:
I *can* present a reasonable case that Bush's actions were the prime cause of recovery (more specifically the rapidity of the recovery in that case).

And many other people can present a reasonable rebuttal about why you're wrong. And other people will present reasonable arguments about how Obama helped shepherd the economy through these trying times. And you'll say they're not reasonable at all because they don't fit your bias. Whoopie.
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#99 Jun 07 2010 at 3:17 PM Rating: Decent
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Majivo wrote:
gbaji wrote:
At the time, we pointed to the tax cuts designed specifically to allow those segments of the economy most hit by the downturn to recover, with a belief that as the businesses recovered, jobs would come back, and the entire economy would recover as well.

And what do you know? It worked exactly as predicted.


No sh*t. That's how every economic recovery works. The onus is to show that somehow the tax cuts are what caused it, which requires significantly more effort than your usual "it's obvious because.."


Um... But you do understand that there's a difference between a president who took actions normally and rationally associated with the kinds of economic trends which will tend us towards a recovery and one who's doing more or less the exact opposite? We can sit here and argue about whether the Bush tax cuts actually did "cause" the economy to recover, but no one is debating whether or not they *could* cause said recovery.


It's like if we're trying to get a car stuck out of the mud, and you get out and start pushing, and the car moves. Well, maybe it would have moved even if you hadn't pushed, but maybe that extra push was what was needed, right? At the very least, we can say that the action didn't "hurt" the economic recovery. By contrast, Obama is doing things which can quite arguably be said to be making the situation worse. So yeah. It's more than a bit unfair to compare those as though they're equivalent.
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More words please
#100 Jun 07 2010 at 3:24 PM Rating: Excellent
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gbaji wrote:
We can sit here and argue about whether the Bush tax cuts actually did "cause" the economy to recover, but no one is debating whether or not they *could* cause said recovery.

Hahahaha...

(A) I'm sure that, with very little effort on my part, I could find people debating whether or not the Bush policies "could" cause a recovery (as opposed to a recovery occuring despite them)
(B) Whether or not they DID cause the recovery is the actual question. If someone is pointing to the recovering of said recession as proof of those economic principles being effective, saying "Well, we don't know but they maybe cooouuullldddd work..." isn't a hell of a selling point.
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Belkira wrote:
Wow. Regular ol' Joph fan club in here.
#101 Jun 07 2010 at 3:25 PM Rating: Decent
Jophed,

Quote:
So the GOP is to blame for the recession of the early 2000s


By and large yes. Incidentally this is why they were voted out during the mid-term elections. We thought we were getting conservative and ended up with more big govn spending. Of course this has just led us down the road we're on now with record govn spending and no growth in the private sector.

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