More validated evidence of destructive Obamanomics

Discussion in 'Politics' started by B_starinvestor, Jan 19, 2010.

  1. B_starinvestor

    B_starinvestor New Member

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    This piece demonstrates the startling numbers that Obama has amassed in his first year - nearly every one of which is record-setting in its scope - both in absolute numbers and in percentages of GDP.

    EDITORIAL: Obama is killing the economy - Washington Times

    This one is for all the Bush Era war-spending freaks such as Sargon, Sinwin et al:

    The deficit for the first month of fiscal year 2010 was $176 billion, which was greater than the $161 billion deficit for the entire 2007 fiscal year.

    What does that mean you say? That means that Obama ran up more debt/deficit in one month than Bush did for an ENTIRE year in which we were involved in two wars.
     
  2. Skull Mason

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    Maybe he is trying to make shit happen? Maybe he had to do that considering the dire situation the country was/is in?
     
  3. houtx48

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    Perhaps trying to spend his way out of Zippy's W.'s fuck ups? What happened to deficits do not matter or was that someone else?
     
  4. B_starinvestor

    B_starinvestor New Member

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    Oh - I see. So in order to make up for the previous admin running up the deficit - the way to fix that is to run the deficit up 8 times higher?

    Thanks for that clever solution. The next administration can then jack it up 8X higher than Obama and we'll just say fuck the future generations we'll be dead by then.
     
  5. Industrialsize

    Staff Member Moderator Gold Member

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    Once again, an OPINION PIECE from the right wing Washington Times validates Nothing except the opinion of the author.
     
  6. B_VinylBoy

    B_VinylBoy New Member

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    And your solution was essentially to do nothing and wait for the mess to correct itself, right?
     
  7. B_starinvestor

    B_starinvestor New Member

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    Don't read the opinion, Indy. Just look at the statistics.
     
  8. B_starinvestor

    B_starinvestor New Member

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    There is a rather large gap between 'doing nothing' and 'what Obama is doing.'

    Too much excess. Too much fluff. Too much gov't. Too many czars. Too much pandering. Too much bad math, i.e. Cash for Clunkers. Homebuyer credits WAY WAY WAY too high. Etc., etc.
     
  9. B_VinylBoy

    B_VinylBoy New Member

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    You've yet to provide any kind of solution to fix the situation. Just a lot of "too much spending" with no actual answer or plan to resolve our Nation's economic problems. Unless you'd like to share with us what would have been a better plan, it makes no sense to complain.
     
  10. HUNGHUGE11X7

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    Earth/USA/GA! DEEP IN YOUR THROAT,See vid TO SEE H
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    WASHINGTON TIMES ..... Enough said, that's the Faux News of News papers

    No doubt, after such a disastrous failure more than 4 yrs !
    OBAMA could do nothing as offensive as ignoring our constitution, the Geneva convention and spitting on our civil liberties !



    HH
     
  11. B_starinvestor

    B_starinvestor New Member

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    that's fine. I'll share a better solution here in about an hour.
     
  12. B_ccc888

    B_ccc888 New Member

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    Why many Americans got freaked out on how much the Health Care will cost ?

    But none say anything about the costs of wars in Iraq and Afghanistan ?

    Wars cost money............

    Each war engaged should be followed by tax surcharge to pay for it starting with anyone who support them.
     
  13. houtx48

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  14. justasimpleguy

    justasimpleguy Active Member

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    houtx48, that post was made of win.
     
  15. B_starinvestor

    B_starinvestor New Member

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    Once again, don't read the article. JUST LOOK AT THE STATISTICS.

    This one is from the Treasury Dept:

    The US government collected $219 billion of tax receipts in December 2009 but paid out $311 billion in federal expenditures, resulting in a $92 billion deficit for the month. It was the 15th consecutive monthly deficit, an all-time record for our nation (source: Treasury Department).

    Does that satisfy as a source?
     
  16. Industrialsize

    Staff Member Moderator Gold Member

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    Not if it was cut and pasted from the Washington Times.
     
  17. houtx48

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    considering the source I would question the numbers also.
     
  18. B_starinvestor

    B_starinvestor New Member

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    I did not clip that source from the Washington Times. The source is the U.S. Treasury Dept.

    The deflections from the libs are getting tiresome.
     
  19. B_starinvestor

    B_starinvestor New Member

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    Back to this....

    • Institute a double or triple deduction for mortgage interest. It will decrease the incidences of foreclosure, and reward people for paying their mortgages and provide more incentives to buy homes rather than just cutting checks for $6500 to $8000 for every person that buys a home. Under the current system, I could go in and buy the home, then never pay a dime; get my $8k from the gov't and walk away and foreclose - screwing the bank and screwing the gov't.
    • Allow taxpayers to prepay taxes at a discount. Pay your expected 2010 and 2011 taxes now, and get a 75% discount on 2012 taxes. This injects money into the treasury to help chip away at the deficit until the economy picks up again.
    • Force banks that still have TARP money to extend credit at a 50% accelerated rate. This provides more capital for businesses to pay overhead, hire employees and stay healthy until the economy picks up. Thus, banks won't be so stringent on construction/development financing.
    • Provide subsidies for businesses that hire employees for the next few months - and grant the subsidies if those same employees are still on payroll on 12/31/2010.
    • Allow zero capital gains taxes through 2011. This will move some of the trillions of dollars out of cash equivalents and into the financial markets to provide more heat for the economy.
    I have several more ideas, but nobody reads past the 2nd bullet anyway. anway, with these types of incentives, we are not hemorrhaging cash and we are providing real stimulus and a real catalyst for economic expansion without writing checks left and right.
     
  20. B_VinylBoy

    B_VinylBoy New Member

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    Is it too hard to actually USE the U.S. Treasury as your source, and not another story that references it? Here... let me help you. United States - Department of The Treasury - Homepage.

    Verify what was said in the opinion piece if you expect anyone to take it or you seriously.
     
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