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Just listened to Obama's presidential address to the nation?
10-12-2012, 08:12 AM
Post: #1
Just listened to Obama's presidential address to the nation?
How can Barry do everything he said he was going to do and give 95% of Americans a tax cut, while we are on the verge of a Depression? He said he would; fix the healthcare, social security, housing market, banking system, higher education for everyone, fix all the problems with education, Medicaid, institute a savings program for all Americans and cut our national deficit in half. Not to mention doing all this which spending a trillion dollars with the stimulus package. The numbers are not adding up.

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10-12-2012, 08:20 AM
Post: #2
 
Most of his followers can't add anyway, so what does it matter. He's the Messiah, remember?

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10-12-2012, 08:20 AM
Post: #3
 
Numbers don't lie!

Did you also notice the CBO numbers of the "stimulus" package pointed to failure? And he pushes on. "Powered by Hope".

Reckless.
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10-12-2012, 08:20 AM
Post: #4
 
He has a magic money wand.
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10-12-2012, 08:20 AM
Post: #5
 
Before you judge Obama's cabinet approach to solving the economic crunch...first take into consideration the Nazi Fascist (BUSH) that put us in this predicament, and then start up a question on why he hasn't been shot, much less indicted...then read any two pages of an economics book from school and you'll notice that in order to "stimulate" a failing economy on a world-wide stage as this one we have to spend money where it is needed most. The government has money...it's a matter of where to spend it is the issue. The budget calls for certain percentages to be distributed across the board, however, because our market is deteriorating and also effected by the world economy our country has to spend money...spend money to give tax breaks to companies and business that hire new employees, give tax breaks for higher earned income credit. The old adage is correct...you have to spend money to make money...and by the government spending money over time it will boost consumer confidence, thus revitalizing the market. Keep in mind that what brought us out of the Great Depression was World War II because it created jobs and consumer confidence, all while spending money, which is the exact opposite of what happened with this current war.

Next point, social security is a dead weight...thanks to bush we won't have it for much longer, healthcare will be an ongoing issue no matter who's president because the healthcare industry is a business and they're all about getting money, but finding ways to screw all of us out of it when we need it (watch John Q for a more sound explanation). With the housing market, the problem is that people who couldn't afford housing were getting loans from banks with interest only loans and when they defaulted on them, the banks got hit hard as well. This is the banks fault for being so money hungry. That's why Obama's proposed plan is basically whipping the banks back into shape and forcing them not to be so greedy...I won't go too far into the next few questions but honestly...the stimulus package is the only way...economic downturns never recover on their own without something to boost consumer confidence. Also...the higher ups of every company needs to start taking some pay cuts to avoid one of the highest unemployment rates in history.
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10-12-2012, 08:20 AM
Post: #6
 
it's pretty clear...

spend the trillion, probably 2, probably more to get the economy back on track... probably take 2 years

then focus on restructuring gov. cutting waste and reforming departments to be more efficient and serve people better... "fix" doesn't have to mean spend money... cutting NCLB would be a great start and a big money saver...

also, cut taxes, which will raise revenue, and get out of Iraq to help pay for some of this...
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