Obama Presidential Thread XIX: Starting a new chapter

[Craig P.]

Re: Obama Presidential Thread XIX: Starting a new chapter

I wonder if Fed is going back to look at money supply. I guess QE1 and QE2 is one method to increase M3, although I really have doubts it'll work out if the bankers don't lend/lower rates for whatever reason (cleaning balance sheet, getting cautious etc..).

Wasn't part of the goal of QE1/2 to simply act as a counter to rampant Chinese currency manipulation?

 

[WeWantMore]

Re: Obama Presidential Thread XIX: Starting a new chapter

If Republicans are going to criticize President Obama's budget no matter what he puts forward, should he have not proposed the cuts he did?

Yeah, that would be fantastic leadership. Again, this is how the budget process works. The President proposes a budget, people criticize it, people offer their own proposals/ideas, they hammer out a deal. This has been going on for decades.

What are the Republicans supposed to do? Read the budget, say "Sounds good Barry! You're awesome! See ya next year". Please. Get real.

 

[St. Clown]

Re: Obama Presidential Thread XIX: Starting a new chapter

What? So by following the established order for the budget process, they've been "all talk and no walk"? Really?

If they had done it the other way around I bet you'd be moaning about how they didn't let Obama have his chance to go first.

For reference, the Budget and Accounting Act of 1921:


But HOW DARE Republicans not ignore this law?

Rumor was we had to start changing the way we do things. Apparently not.

So you want them to ignore the law? There's changing how things are done (real cuts to govt, which won't happen) and then there's lawmakers failing to observe a rather simple law - one which makes for great political cover for whichever party is in opposition to the Whitehouse.

 

[Bob Gray]

Re: Obama Presidential Thread XIX: Starting a new chapter

Yes he would, but that isnt the point. Bob is claiming the liberals around here say Clinton was fiscally conservative...none of them have even Rover. They may give him undo credit for the surplus, but that does not equal saying he is fiscally conservative.

That is why Bob looks like a fool suggesting as such.

Fools are those who parse words, rather than responding to substance. Such are you apparently.

 

[ScoobyDoo]

Re: Obama Presidential Thread XIX: Starting a new chapter

So you want them to ignore the law? There's changing how things are done (real cuts to govt, which won't happen) and then there's lawmakers failing to observe a rather simple law - one which makes for great political cover for whichever party is in opposition to the Whitehouse.

Funny, I thought they wrote the laws.

 

[Priceless]

Re: Obama Presidential Thread XIX: Starting a new chapter

Fools are those who parse words, rather than responding to substance. Such are you apparently.

Fools are those who make claims that are totally unsupported by the facts.

 

[ScoobyDoo]

Re: Obama Presidential Thread XIX: Starting a new chapter

Fools are those who make claims that are totally unsupported by the facts.

Clinton took advantage of the surplus bubble to pay off debts. Bush took advantage of surplus bubble to line rich people's pockets. Which was supposed to be an economic driver. Whooops.

 

[Bob Gray]

Re: Obama Presidential Thread XIX: Starting a new chapter

Fools are those who make claims that are totally unsupported by the facts.

That also.

 

[Handyman]

Re: Obama Presidential Thread XIX: Starting a new chapter

Fools are those who parse words, rather than responding to substance. Such are you apparently.

Ya know what is cute...whenever anyone dares to question anything you say, instead of actually discussing it you go all Kepler on the bit and try and sound uber smart. You act as though you are above everyone with your little retorts about how what everyone else says doesn't meet up to your lofty standards. Guess what no matter how much you may pretend to be better than me and everyone else who doesn't happen to share your views, you aren't. Get over yourself already.

You said something, you were called out for it and now you are changing your story. Way to go Mitt Romney. If you were half as amazing as you act you would have just admitted your mistake not deflected it and spun.

Now please, go ahead and tell me more why you are better than me...I am so interested.

 

[Kepler]

Re: Obama Presidential Thread XIX: Starting a new chapter

Another view of the full shock horror of the deficit and debt situation, done (I think) quite effectively.

If the US was a household earning $60,000 a year, it would be spending $85,000 a year and already $379,000 in debt.

 

[Bob Gray]

Re: Obama Presidential Thread XIX: Starting a new chapter

Ya know what is cute...whenever anyone dares to question anything you say, instead of actually discussing it you go all Kepler on the bit and try and sound uber smart. You act as though you are above everyone with your little retorts about how what everyone else says doesn't meet up to your lofty standards. Guess what no matter how much you may pretend to be better than me and everyone else who doesn't happen to share your views, you aren't. Get over yourself already.

You said something, you were called out for it and now you are changing your story. Way to go Mitt Romney. If you were half as amazing as you act you would have just admitted your mistake not deflected it and spun.

Now please, go ahead and tell me more why you are better than me...I am so interested.

Drama queen on display.

Didn't change my story, in case you bother read instead of just react.

 

[Priceless]

Re: Obama Presidential Thread XIX: Starting a new chapter

Another view of the full shock horror of the deficit and debt situation, done (I think) quite effectively.

If the US was a middle class household it would be earning $60,000 a year, spending $85,000, and already $379,000 in debt.

So a recent college grad who just bought a house?

"Deficits don't matter" -- Dick Cheney

 

[Priceless]

Re: Obama Presidential Thread XIX: Starting a new chapter

Ya know what is cute...whenever anyone dares to question anything you say, instead of actually discussing it you go all Kepler on the bit and try and sound uber smart. You act as though you are above everyone with your little retorts about how what everyone else says doesn't meet up to your lofty standards. Guess what no matter how much you may pretend to be better than me and everyone else who doesn't happen to share your views, you aren't. Get over yourself already.

You said something, you were called out for it and now you are changing your story. Way to go Mitt Romney. If you were half as amazing as you act you would have just admitted your mistake not deflected it and spun.

Now please, go ahead and tell me more why you are better than me...I am so interested.

He didn't change his story; he admitted he was a fool.

 

[ScoobyDoo]

Re: Obama Presidential Thread XIX: Starting a new chapter

Another view of the full shock horror of the deficit and debt situation, done (I think) quite effectively.

If the US was a household earning $60,000 a year, it would be spending $85,000 a year and already $379,000 in debt.

$60,000 doesn't go very far.

 

[Handyman]

Re: Obama Presidential Thread XIX: Starting a new chapter

He didn't change his story; he admitted he was a fool.

Fair enough, mea culpa I missed that and I was wrong. The rest of my post stands.

 

[Kepler]

Re: Obama Presidential Thread XIX: Starting a new chapter

So a recent college grad who just bought a house?

"Deficits don't matter" -- Dick Cheney

If he's planning on adding $200,000 more debt over the next ten years then, yeah, I guess.

Eventually "mandatory" spending will have to be cut. The most obvious place to start is by means testing it and phasing it out for people with higher incomes, but after that adjustment there will still have to be cuts in benefits. We will have to reconfigure Social Security and Medicare as insurance programs rather than fixed interest accounts (that appreciate higher than the market rate of return).

And even after we do that we will have to give up the global military-economic empire and start living like another country rather than a superpower.

A hundred years from now we will be Canada. It's only a question of whether we get there via Germany or Argentina.

 

[Priceless]

Re: Obama Presidential Thread XIX: Starting a new chapter

If he's planning on adding $200,000 more debt over the next ten years then, yeah, I guess.

Grad school

 

[Bob Gray]

Re: Obama Presidential Thread XIX: Starting a new chapter

He didn't change his story; he admitted he was a fool.

Not a good start there Priceless on posting for me. You're on posting probation.

 

[Bob Gray]

Re: Obama Presidential Thread XIX: Starting a new chapter

If he's planning on adding $200,000 more debt over the next ten years then, yeah, I guess.

Eventually "mandatory" spending will have to be cut. The most obvious place to start is by means testing it and phasing it out for people with higher incomes, but after that adjustment there will still have to be cuts in benefits. We will have to reconfigure Social Security and Medicare as insurance programs rather than fixed interest accounts (that appreciate higher than the market rate of return).

And even after we do that we will have to give up the global military-economic empire and start living like another country rather than a superpower.

A hundred years from now we will be Canada. It's only a question of whether we get there via Germany or Argentina.

wow, you're sounding like me these days!

 

[Priceless]

Re: Obama Presidential Thread XIX: Starting a new chapter

Not a good start there Priceless on posting for me. You're on posting probation.

But you agreed with me that a fool is someone who makes claims that aren't supported by facts. So you're agreeing that you're a fool.

Or are you changing your story?

Because it can't be both.

Liberals have pointed out that the budget was balanced under Clinton. Some even have credited him. But no one, certainly not a liberal around here, has accused him of being fiscally conservative. So you are either admitting you're a fool or you're changing your story because you didn't mean what you posted. Which is it?