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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Butterbean on February 26, 2009, 01:35:09 PM
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(Seriously, I don't know if others have said this type of thing?...I've only recently followed politics more closely than in the past)
"Today, I'm pledging to cut the deficit we inherited by half by the end of my first term in office," Obama said.
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OK not presidents but yes, these are confident people!
"As president, I have committed to balancing the budget by the end of my first term," said McCain
(Hillary) CLINTON: Well, Tim, it is my goal to have all troops out by the end of my first term.
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OK not presidents but yes, these are confident people!
"As president, I have committed to balancing the budget by the end of my first term," said McCain
(Hillary) CLINTON: Well, Tim, it is my goal to have all troops out by the end of my first term.
This is Orwell and the Twilight Zone on roids.
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(Seriously, I don't know if others have said this type of thing?...I've only recently followed politics more closely than in the past)
"Today, I'm pledging to cut the deficit we inherited by half by the end of my first term in office," Obama said.
yes stella problem is it was when they were campaigning
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Most Presidents have historically portrayed a sense of confidence.
In the case of one particular pResident, ...he went beyond confidence,
...and entered into unimagineable realms of stubborn, arrogant, myopic, pig headed hubris.
We're all still reeling from it.
Hope That Clarifies. :)
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(Seriously, I don't know if others have said this type of thing?...I've only recently followed politics more closely than in the past)
"Today, I'm pledging to cut the deficit we inherited by half by the end of my first term in office," Obama said.
While it is a pretty ballsy statement and probably sounds good to a lot of you Americans, it's not QUITE the miracle that Obama and his supporters would want you to believe.
He promises to cut the yearly deficit by half in the US budget.
Suprisingly many Americans don't know that USA, starting with Reagan, and with the exception for a few years during Clinton, have been constantly overspending.
Ie, deficit budgets.
These deficit budgets have brought an enormous national debt onto USA.
The debt isn't going away anytime soon, and y'all have to pay for both the loans and the interest.
Obama has mentioned to get to a balanced budget, if he gets to a second term.
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Most Presidents have historically portrayed a sense of confidence.
In the case of one particular pResident, ...he went beyond confidence,
...and entered into unimagineable realms of stubborn, arrogant, myopic, pig headed hubris.
We're all still reeling from it.
Hope That Clarifies. :)
Oh come on now.... Clinton wasn't that bad....
;)
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Anyone notice how much confidence the markets had in him today??
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Oh come on now.... Clinton wasn't that bad....
;)
No he wasn't, ...but George W. Bush was. :o
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Anyone notice how much confidence the markets had in him today??
Down 88 points in the DJIA... Does that mean that the 250 point jump yesterday was BECAUSE they had confidence in him?
You can't have it both ways you know Joe.
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confidence, not sure. Arrogance and blurried eyed ignorance, more likely. Hope he actually does the country good, but after seeing his spending package and the newly proposed $400+billion dollar spending bill, I think he can't say that he is cutting anything.
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The Dow's a fickle bitch... it jumps up AND down at the slightest provocation, especially lately... I've said it before, it's like a spoiled toddler that throws tantrums when it doesn't get its way and at other times displays "irrational exuberance" (in the words of Alan Greenspan) when things seem to be going its way.
So my point being... take the DJIA on any given day with a grain of salt.
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The Dow's a fickle bitch... it jumps up AND down at the slightest provocation, especially lately... I've said it before, it's like a spoiled toddler that throws tantrums when it doesn't get its way and at other times displays "irrational exuberance" (in the words of Alan Greenspan) when things seem to be going its way.
So my point being... take the DJIA on any given day with a grain of salt.
Good point.
Stock index is based on the shares.
So what really will matter is when/if different industries are starting to wind up again.
That increases their real value.
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Bush had plenty of hubris
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Bush was the divider. Obama is a uniter. Bush tried to hide details from americans on all fronts. Obama is laying out the actual numbers that it will take to undo the last 8 years of corruption & Greed.
Bush and republican tax cuts destroyed america.
Obamas real numbers and transparancy will restore faith in america to the citizens and the world.
No wonder Obama has confidence.
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Bush was the divider. Obama is a uniter. Bush tried to hide details from americans on all fronts. Obama is laying out the actual numbers that it will take to undo the last 8 years of corruption & Greed.
Bush and republican tax cuts destroyed america.
Obamas real numbers and transparancy will restore faith in america to the citizens and the world.
No wonder Obama has confidence.
you sir are a credit to the liberal media ::)
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you sir are a credit to the liberal media ::)
All i speak is the truth. And it can be a bitter pill to swallow, but we cannot change by doing the same thing that destroyed us.
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All i speak is the truth. And it can be a bitter pill to swallow, but we cannot change by doing the same thing that destroyed us.
I agree but you overlook the multiple reasons we are in this and just blame bush thats what i was reffering to.
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Bush was the divider. Obama is a uniter. Bush tried to hide details from americans on all fronts. Obama is laying out the actual numbers that it will take to undo the last 8 years of corruption & Greed.
Bush and republican tax cuts destroyed america.
Obamas real numbers and transparancy will restore faith in america to the citizens and the world.
No wonder Obama has confidence.
Great Post
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Bush was the divider. Obama is a uniter. Bush tried to hide details from americans on all fronts. Obama is laying out the actual numbers that it will take to undo the last 8 years of corruption & Greed.
Bush and republican tax cuts destroyed america.
Obamas real numbers and transparancy will restore faith in america to the citizens and the world.
No wonder Obama has confidence.
War-Horse, do you feel that Obama's plans for spreading the wealth is causing some division between the American people?
How did republican tax cuts destroy america?
Do you agree w/tony that there are multiple reasons we are in this terrible economic situation?
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Great Post
Still hung over?
At what point do we say Obama has responsibility for the economy?
By my estimation, even many liberal writers I have seen think his budget is a complete disaster and riddled with reckless spending.
BTW - before doing this, what experience did Obama ever have with budgets?
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http://www.watoday.com.au/world/obama-acts-on-climate-health-and-education-20090227-8kc2.html
America's deficit will skyrocket to $US1.75 trillion ($A2.71 trillion) in 2009, before reducing to a projected $US533 billion in 2013.
The turnaround is also premised on some highly optimistic assumptions about a rebound of the American economy and the effectiveness of the stimulus. The budget assumes the US economy will contract by just 1.2 per cent in 2009 and grow by 3.2 per cent in 2010, and by 4 per cent or more in 2011-2013.
Just a month ago the Congressional Budget Office said it expected the economy to shrink by 2.2 per cent and to grow by a sluggish 2.1 per cent in 2010. The difference, according to a footnote, was the CBO forecasts pre-dated the stimulus. The IMF, however, also projected a deeper recession and a very slow pickup in 2010 in its forecasts in January.
http://pr.thinkprogress.org/2009/02/pr20090224/
After the financial crisis emerged last fall and the ensuing bailouts, Bush's budget deficit ballooned to over $1 trillion.
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http://www.watoday.com.au/world/obama-acts-on-climate-health-and-education-20090227-8kc2.html
America's deficit will skyrocket to $US1.75 trillion ($A2.71 trillion) in 2009, before reducing to a projected $US533 billion in 2013.
The turnaround is also premised on some highly optimistic assumptions about a rebound of the American economy and the effectiveness of the stimulus. The budget assumes the US economy will contract by just 1.2 per cent in 2009 and grow by 3.2 per cent in 2010, and by 4 per cent or more in 2011-2013.
Just a month ago the Congressional Budget Office said it expected the economy to shrink by 2.2 per cent and to grow by a sluggish 2.1 per cent in 2010. The difference, according to a footnote, was the CBO forecasts pre-dated the stimulus. The IMF, however, also projected a deeper recession and a very slow pickup in 2010 in its forecasts in January.
http://pr.thinkprogress.org/2009/02/pr20090224/
After the financial crisis emerged last fall and the ensuing bailouts, Bush's budget deficit ballooned to over $1 trillion.
Obama was 1000% in favor of TARP so he bears responsibility for that part of the deficit as well.
He intends to cripple us financially. There is no other way to explain what he is doing.
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Obama was 1000% in favor of TARP so he bears responsibility for that part of the deficit as well.
He intends to cripple us financially. There is no other way to explain what he is doing.
America won't be crippled.
He just wants to realign the US like FDR did.
Most Americans are in favor of this.
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America won't be crippled.
He just wants to realign the US like FDR did.
Most Americans are in favor of this.
Get us into a world war?
Make a depression worse?
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Get us into a world war?
Make a depression worse?
Ever heard of the great game.
http://www.geist.com/essays/great-game
By the way how is the economy doing
http://finance.yahoo.com/news/Economy-shrinks-at-worst-pace-apf-14491202.html
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How can any of you defend Obama's reckless overspending on multiple expansive projects during a recession? Many educated people have raised serious doubts on the near 4 trillion dollar budget in addition to all these bailouts and stimulus spending. This is our money and this administration is way out of line with its spending. Obama's spending is far more than Bush's waste in Iraq. Obama is setting us up for greater national deficit for years to come. He's also setting the stage for higher general taxation so they can take larger shares of our money and use it for their programs. Right now its higher taxes on families making 250K+ but be certain that there will be more general taxation...there must be with all this spending, or else we will have devaluation of the dollar and inflation.
Talk about confidence, this is arrogance IMO and very presumptuous that everyone agrees with a big gov more socialistic style America. 40% of this country did not vote for this type of spending and I'll bet a lot of independents, moderates and blue dog democrats are questioning themselves now too. They should be. While many people loved Obama, his style, his optimism, his presidential aura...many did not understand to what degree he was going to change the country and at what cost. I was hoping for a centrist...not here.
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Ever heard of the great game.
http://www.geist.com/essays/great-game
By the way how is the economy doing
http://finance.yahoo.com/news/Economy-shrinks-at-worst-pace-apf-14491202.html
The economy is going to get much worse under Obama, and he is going to make it even worse with his tax schemes.
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How can any of you defend Obama's reckless overspending on multiple expansive projects during a recession? Many educated people have raised serious doubts on the near 4 trillion dollar budget in addition to all these bailouts and stimulus spending. This is our money and this administration is way out of line with its spending. Obama's spending is far more than Bush's waste in Iraq. Obama is setting us up for greater national deficit for years to come. He's also setting the stage for higher general taxation so they can take larger shares of our money and use it for their programs. Right now its higher taxes on families making 250K+ but be certain that there will be more general taxation...there must be with all this spending, or else we will have devaluation of the dollar and inflation.
Talk about confidence, this is arrogance IMO and very presumptuous that everyone agrees with a big gov more socialistic style America. 40% of this country did not vote for this type of spending and I'll bet a lot of independents, moderates and blue dog democrats are questioning themselves now too. They should be.
Its the natural cycle of politics. There is another election in 2 years and most likely the blue dog democrats will get wiped out and the democrats will lose control of the congress again.
This is no different then what Bush or Clinton did when they had majorities in the house and senate.
Just be grateful that the senate isn't filibuster proof.
Democrats only want blue dog democrats when they are behind and republican only want RINO's when they are behind. Otherwise these groups tend to get ignored or vilified.
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The economy is going to get much worse under Obama, and he is going to make it even worse with his tax schemes.
I don't agree with that.
It will be different.
America is resilient and there are always companies that will exploit any changes made in spending or tax laws.
All of this massive negativism doesn't help. Plus now you sound like War-horse did under GWB.
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Yes joker, I agree with you about the cyclic nature of elections. Because Obama has firmly planted socialist type economic policies and an amazing amount of gov spending, I'm sure we'll see some objection through the 2010 congressional elections. That is, if the people generally understand what is going on, and if republicans can get back to conservative roots.
The difference is that Obama is spending so much more of our money with very ambitious changes to many programs. Embarking on nationalized healthcare is a huge issue that no one has taxed the people for previously but this will happen even before they discuss details or how this can happen. It could be nationalized healthcare for all (which will cost a hell of a lot more), or expand some kind of medicaid program for the poor and lower class only, which is completely unfair.
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WASHINGTON (CNN) – Another prominent Republican told the Conservative Political Action Conference on Friday that the president’s spending plans are pushing the country to the brink of socialism.
Sen. Jim DeMint of South Carolina, the only member of the senate to earn a perfect rating from the American Conservative Union, called President Obama “the world’s best salesman of socialism” on Friday in describing his prime time speech earlier this week.
DeMint, a fierce opponent of government expansion, told the CPAC crowd that conservatives might have to “take to the streets to stop America’s slide into socialism.”
His remarks comes a day after Mike Huckabee told the conference of conservative activists that “the Union of American Socialist Republics is being born” with the president’s stimulus package.
“Lenin and Stalin would love this stuff,” Huckabee said of the government bailing out financial institutions
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I don't agree with that.
It will be different.
America is resilient and there are always companies that will exploit any changes made in spending or tax laws.
All of this massive negativism doesn't help. Plus now you sound like War-horse did under GWB.
The problem is that this isnt 1930 anymore. Companies can pack up and move overnight very easily. They will do en mass the way they are being targeted right now for these crazy taxes.
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The problem is that this isnt 1930 anymore. Companies can pack up and move overnight very easily. They will do en mass the way they are being targeted right now for these crazy taxes.
Let them.
Maybe they can take all the whiners and naysayers with them as well.
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Let them.
Maybe they can take all the whiners and naysayers with them as well.
Ok jackass, and where do you think people are going to go for employment?????
You are the typical liberal dreamer.
If you punish businesses, they will not hire people, only lay them off.
is that what you want????
Or, do you think businesses are set up to be employment agencies?
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Yes joker, I agree with you about the cyclic nature of elections. Because Obama has firmly planted socialist type economic policies and an amazing amount of gov spending, I'm sure we'll see some objection through the 2010 congressional elections. That is, if the people generally understand what is going on, and if republicans can get back to conservative roots.
The difference is that Obama is spending so much more of our money with very ambitious changes to many programs. Embarking on nationalized healthcare is a huge issue that no one has taxed the people for previously but this will happen even before they discuss details or how this can happen. It could be nationalized healthcare for all (which will cost a hell of a lot more), or expand some kind of medicaide program for the poor and lower class only, which is completely unfair.
Actually Americans spend about 46% of their tax money on health care.
http://dsp-psd.pwgsc.gc.ca/Collection-R/LoPBdP/EB-e/prb0461-e.pdf
http://www.oecd.org/dataoecd/46/33/38979719.pdf
We spend less tax revenue on our health system then America and we have universal health care.
In my opinion a 2 tier system would work fine in America.
Right now not having Universal health care is making America uncompetitive to some other Western nations.
http://www.cfr.org/publication/13325/
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This is not a bold statement at all. He can borrow and spend at an alarming rate for 3 years. Then, in the last year of his first term he can run half the yearly deficit that Bush did in his last year. Big deal, IT'S STILL A DEFICIT! What about balancing the budget every year for 4 years?
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Ok jackass, and where do you think people are going to go for employment?????
You are the typical liberal dreamer.
If you punish businesses, they will not hire people, only lay them off.
is that what you want????
Or, do you think businesses are set up to be employment agencies?
The dems NEED more job losses. More layoffs = more unemployment checks = more democrap dependents = more dem votes.
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War-Horse, do you feel that Obama's plans for spreading the wealth is causing some division between the American people?
How did republican tax cuts destroy america?
Do you agree w/tony that there are multiple reasons we are in this terrible economic situation?
Yes, some people making 250k to 3 billion a year are not happy. They will have to scrape by on such meager earnings. Big decisions have to be made and this will cause some resentments for some.
Tax cuts to the wealthy on capital gains and income was supposed to stimulate the economy, but when it didnt...the banks were de regulated further, to start pushing for home ownership to anyone who could fog a mirror...This was great for a time as people were money poor and house rich.
Of course we see how well this worked....
Yes tony is right their are multiple reasons why this all happened, but i see alot of hard truths we need to face if we are to survive the future......some are going to bitch the whole way thru and some are going to hold fast in smart decisions.
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Ok jackass, and where do you think people are going to go for employment?????
You are the typical liberal dreamer.
If you punish businesses, they will not hire people, only lay them off.
is that what you want????
Or, do you think businesses are set up to be employment agencies?
ok jackass, what country creates the environment that allows business to prosper?