More validated evidence of destructive Obamanomics

[ZOS23xy]

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.

The Washington Times is a right wing Moonie Paper run by Rev. Sun Myung Moon's Unification Church.

Good source material...

 

[ZOS23xy]

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?

No. There are times when you use percentiles to fudge an argument. Now, compare these figures to the total cost of the Iraq war from the Bush era. All eight years of it.

Not very good is it? Fifteen month? Obama only been in office 12.

Who is responsible for the other three months?

 

[ZOS23xy]

According to Obama it should have been instant.

Bullshit, and you know it.

 

[ZOS23xy]

Moon was the genius behind the liberation of Massachussetts tonight.

Just sayin

That's a stretch talking about someone who's been in jail for tax fraud and believes he is a messiah.

Is this where you're coming from Star?

And still in mommy's basement?

 

[midlifebear]

(edit)

But say someone has $100k in a savings account. They may be getting 1% - which is taxable. Most investors are still in shellshock from the 54% decline in the S&P from '08 - '09.

If you give them an opportunity to glean returns from stocks in which they will not have to tear off a % of gains for taxes, they will be more incented to invest. (edit)

Sorry, Star. Not buying this last bit. We had eight years of Reagan's same thinking, plus four of Bush the Senior's, and then eight more of Bush (chimp off the old shoulder) the Younger claiming that not taxing capital gains and leaving the uber wealthy alone would create jobs. It didn't. It hasn't. It doesn't. Need proof? There are 20 years of proof. That's more than half your age! Open your eyes, sugar booger.

However, I think some of your other suggestions for jump-starting the economy have some merit. And so do a great number of liberals. But 'Mericuhns will be better off eating the rich, when it comes to that, than not taxing them. :wink:

 

[Ericsson1228d]

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

Trying to make what happen? Job Losses every month! No new health care reform!

The only thing he has made happen is the taxpayers bailing out 1) shitty banks and 2) shitty car companies.

 

[D_Bob_Crotchitch]

You all need to wake up and smell the coffee. Right now large investors such as PIMCO are cutting back in UK and USA government bonds. The Internationa Monetary Fund has estimated that if the USA continues with its current trends, by 2014, the debt to GDP ration will be 108%. That's right. We'll have more debt than income. When foreign nations decide to stop picking up the tab for the party, there is going to be tremendous pain.
Both parties have spent money the nation does not have. The public has voted itself money from the treasury since the 1930s. It is coming time to pay the piper. Oh what a price he'll demand.

 

[D_Tully Tunnelrat]

Maybe it's not such a bad idea that US defaults on our debt. We've done it before. Think of it as sovereign bankruptcy.

 

[deleted15807]

There is no need for default. All it takes it the political will to do what needs to be done (tax increases and spending cuts). However Americans are not interested in sacrifice. And politicians are interested in getting re-elected and telling the truth is a recipe for losing an election.

 

[Skull Mason]

Trying to make what happen? Job Losses every month! No new health care reform!

The only thing he has made happen is the taxpayers bailing out 1) shitty banks and 2) shitty car companies.

Trying to make sure a depression does not happen, perhaps? Job losses every month?!?!? OH MY FUCKING GOD!!!! JOB LOSSES EVERY MONTH BECAUSE OF THAT MOOSLIM HUSSEIN OBAMA!!!!! He might as well of started a war while he was at it! Creates some jobs for his cronies!!! Do you know anything about anything? Do you think that magically job losses cease to exist? Were you really stupid enough to think that one man and one man alone was a wizard of sorts??? Just like most things on this Earth, job losses gradually slow down until a point where they reach a standstill and then start to move in a positive direction. When you bleed you don't magically stop bleeding, the bleeding slows down until a point where there is no longer bleeding and then healing occurs.

If you look at the trend from the peak (or valley) of the recession job losses have more or less declined at a steady pace every month, and as the case in all recoveries (whether or not this truly is one- I think it is), jobs are a lagging indicator, which means they usually come last. I'm not qualified to comment on whether I think what Obama has done is good or not, and you say that the only two things he has done was bail out banks and cars, however I do know that the market has been up 60%, I'll take that any year, regardless what he had to do.

Bailouts or what have you, there is a legitimate chance that in 4 or 8 years he will be looked at as the President who rescued us from an almost certain depression (of course the opposite can happen...). Everyone screams doom and gloom until it is too late and they missed the boat. Everyone here knows that most of the people won't think we are in a recovery or have recovered until we recovered half a year or a year before hand, if you can understand that. Usually when most of the country thinks one thing they are wrong (electing bush again?), America is not very smart, they let their own egos and ideologies blind them from truth or reality.

I also have a question for all, why is everyone complaining about being in debt? Aren't we ALWAYS in debt? Isn't that the point of having it in the first place, that you don't have to worry about it now?

 

[Skull Mason]

I can't really say I was happy with what he had to say today though.

 

[ZOS23xy]

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

And recall that "StarInvestor" wrote that: "slavery was a liberal idea" some time back..

...real good with his research and grasp of ideas...

 

[D_Bob_Crotchitch]

There is no need for default. All it takes it the political will to do what needs to be done (tax increases and spending cuts). However Americans are not interested in sacrifice. And politicians are interested in getting re-elected and telling the truth is a recipe for losing an election.

BINGO. Peeps don't want to cut their lifestyles. It is coming. The government is NOT going to be able to afford all of it's social programs. That means the community is going to have to step in and help. It means that if you are on welfare, you are going to have to stop popping out babies. The children you have when you first apply (including the ones you are pregnant with at that moment) are the only ones for whom you should ever get benefits.
To make up for the cuts in services, you should have to work for your welfare and unemployment. FDR had such a novel name for it. He called it the WPA. Bring back the WPA. We can support you, and cut services will still be performed.

 

[B_VinylBoy]

you should have to work for your welfare and unemployment.

Ummmmmm... slight contradiction? :suspect:

 

[Trinity]

Trying to make sure a depression does not happen, perhaps? Job losses every month?!?!? OH MY FUCKING GOD!!!! JOB LOSSES EVERY MONTH BECAUSE OF THAT MOOSLIM HUSSEIN OBAMA!!!!! He might as well of started a war while he was at it! Creates some jobs for his cronies!!! Do you know anything about anything? Do you think that magically job losses cease to exist? Were you really stupid enough to think that one man and one man alone was a wizard of sorts??? Just like most things on this Earth, job losses gradually slow down until a point where they reach a standstill and then start to move in a positive direction. When you bleed you don't magically stop bleeding, the bleeding slows down until a point where there is no longer bleeding and then healing occurs.

That's what Obama has been peddaling however after he gets on tv touting fewer job losses, the following week his administration revises the numbers back up.

If you look at the trend from the peak (or valley) of the recession job losses have more or less declined at a steady pace every month, and as the case in all recoveries (whether or not this truly is one- I think it is), jobs are a lagging indicator, which means they usually come last.

Obama said on the campaign trail that many of the jobs that have been lost "aren't coming back." What are the American people supposed to do with that while Obama becomes the most world traveled first year President in our History and while Democrats deficit spend and cram their idea of Healthcare reform down our throats that we neither want nor can afford?

There has been absolutely no plan to put Americans back to work with permanent jobs. The December summit was a joke that Taxpayers had to pay for millionaire CEO's to have lunch with the President on our dime.

Small Businesses which create jobs are laying off more and more because they are being taxed right out of business due to Obama's and the Dem's policies.

Basically, Businesses have laid off over 7 million workers leaving us at 10% unemployment - REAL Unemployment is much higher when you include those underemployed, those who have given up looking for work and those not eligible to collect unemployment.

The only way to start going in the positive direction on jobs is to create hundred of thousand of jobs and not lose hundred of thousand jobs. Is Obama doing that? Is Obama creating jobs? Is Obama helping Small Businesses to create jobs?
NO.

The only way this is actually a lagging indicator is if Obama and the Dems are doing what needs to be done to stimulate job growth and they aren't.

I can't really say I was happy with what he had to say today though.

Me either.

 

[Skull Mason]

Hillary smells blood she'll be running in 2012.

 

[deleted15807]

Poor Washington Times....it seems they are about to get a LOT smaller:

Nearly three decades after its founding by officials of the Unification Church, the Times said Wednesday it is laying off at least 40 percent of its staff and shifting mainly to free distribution.

The Washington Times is laying off 40 percent of its staff - washingtonpost.com
​

 

[justasimpleguy]

And Sargon comes in with the rejoinder. It stings.

 

[D_Tully Tunnelrat]

The only thing he has made happen is the taxpayers bailing out 1) shitty banks and 2) shitty car companies.

Of course the previous occupant of the WH, under whom we were struck massively by terrorists, squandered a budget surplus, more than doubled the national debt, got into, but not out of, two major wars, drove regulation from the government, sent all the National Guard overseas, so when our own people needed them, they were not even in the country, etc., contributed sooo much more to our nation's benefit. Not since Warren Harding, and James Buchanan has the country seen such incompetence.

Newton's 3rd law of an equal and opposite reaction implies it will take at least as long to clean up the shit as it did to create it. His second law, that forces in motion tend to stay that in motion applies as well. Try standing in front of an avalanche, and you'll get the idea. That's the scene Obama inherited.

I hope your anger is not due to your losing your job at a car company.

 

[deleted15807]

And Sargon comes in with the rejoinder. It stings.

:smile:

Not since Warren Harding, and James Buchanan has the country seen such incompetence.

And it's all supposed to be fixed in a year. We should be dancing in the streets by now with a chicken in every pot. How do you undue a decade of damage? War isn't going to work this time.