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ObamaRama 8

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Re: ObamaRama 8

The ever conservative Rolling Stone Magazine ripped Obama apart for his economic policies and decisions since being elected. Maybe he and his staff should take a step back and realize that if major supporters like RS are attacking him and his policies (they backed him in the primaries and the general election so they should be biased TOWARDS him) that maybe he needs to wake the $##$% up!

I was going to post a link but it isnt on their site yet that I could find. It is in the newest issue though so I would guess it will be up in the next few days.

I will be anxious to read the article. I have yet to see what Obama's done in less than a year that's been so terrible. IMO there's been too much focus on the healthcare bill. And even that's just one area. He was dealt with perhaps the worst hand the US has had since WW II...including already high levels of debt, multiple wars, not ideal international rep, a standard of living thats slippiing relative to other countries, volitile dollar and a financial crisis/major recession.

Except for a prlckly Iran situation that is unsolvable, our international relations appear back on track. Terrorism seems not to be a daily public issue...which if our policy is successful there, it shouldn't be. Thus far, the financial crisis is turning into a very bad recession...where the financial situation has been upgraded from a nightmare. Again, to pin the deficit on him when its already large is unfair...and the country desparately needs spending at a time when consumers and businesses are not spending and hiring when businesses aren't doing that either. Again with the possible exception of healthcare, I have yet to see where Obama is really bad regardless of conservatives judging him as a socialist (which if those policies get us back to prosperity of the 90s, will be welcome).

Its also important to remember that in the US, politics is a zero sum game. Perhaps some have a short memory, but the alternative party have few prospects for any solutions. The 00s were miserably handled by the GOP by many, many measuring sticks. And frankly, the Clinton witch hunt party of the 90s didn't show much more. Until we actually see Obama make numerous supreme blunders or we get 3ish years out to see them impact of his policies relative to our economic predicament...IMO its still too early to pass judgement. But I will be interested in reading the article as they may bring to light some other facts.

Regardless, this is opinion...and I may not respond to posters who just want to pick at some details above.
 
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Re: ObamaRama 8

Mr. Obama's version of "The Magnificent Seven" (courtesy Politico.com and John F. Harris):

  • He thinks he’s playing with Monopoly money
  • Too much Leonard Nimoy
  • That’s the Chicago Way
  • He’s a pushover
  • He sees America as another pleasant country on the U.N. roll call, somewhere between Albania and Zimbabwe
  • President Pelosi
  • He’s in love with the man in the mirror
 
Re: ObamaRama 8

Its not about the hand he was dealt (Christ can we stop that already) it is about the people he chose to play the cards and why he chose them. It also rips apart the Dem leadership for getting on their knees and Brett Favre-ing the megabanks and Wall Street. Barney Frank gets ripped to shreds almost as much as Obama does.

Maybe now he can win the Nobel Prize for Economics ;)
 
Re: ObamaRama 8

Well, how 'bout dat? CBO comes out with estimate of jobs saved by stimulus package....

http://thehill.com/blogs/blog-brief...stimulus-saved-or-created-as-many-as-16m-jobs

Knuckledraggers collective heads exploding in 5-4-3-2-1...:D

This whole thing is a temporary band-aid. What happens when the money runs out? What happens when there aren't any more bridges/roads/high-speed rails to build?

And furthermore, what happens to all of us who aren't union construction workers that are the beneficiaries of the stimulus projects? That's right, we're the ones that make up the 10.2% and climbing of Americans currently unemployed.

And in that report, the CBO clearly states that it is impossible to know how many of the reported jobs would have existed sans stimulus:

Recipients report that about 640,000 jobs were created or retained with ARRA funding through September 2009. Such reports, however, do not provide a comprehensive estimate of the law’s impact on employment in the United States. That impact may be higher or lower than the reported number for several reasons (in addition to any issues about the quality of the data in the reports). First, it is impossible to determine how many of the reported jobs would have existed in the absence of the stimulus package.

When you figure that this report is based on information provided by the recipients of the stimulus, you not only have tainted data (due to a conflict of interest), you have the detailed abuse within the stimulus program--such as using funds to give raises to existing staff--and considering the raise a "job created or saved".

No matter how anyone tries to spin this thing, it reeks of kickbacks and cronyism--especially with the unions getting their fingers in the mess.
 
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Re: ObamaRama 8

Never seen so much stupidity packed into one post. :eek: On Thansgiving no less - what happened - the turkey they served at your homeless shelter wasn't cooked right?:D

Not sure what the MBA I received 10 years ago from a university far superior to any one in New Hampshire not named "Dartmouth" has to do with anything, but suffice to say if you were making my money you'd be a lot less grumpy, and really wouldn't care about a half point change in your income taxes here and there.

Moving on, New Hampshire is a backwater state who's only positive is it happens to be located near the economic powerhouse of New England, the Boston metro area. Take that away and you'd be Mississippi, another state that refused to fund its education system. Think about it, how many graduates stay up there? Few, because there's no real jobs, just working in these many retail stores your so proud of (look mom - my UNH degree got me a job at Best Buy in Nashua!) Check out how many people are coming into Mass to work instead of commuting the other way some time, and get back to me.

The bottom line is, New Hampshire, like Mississippi or Wyoming, has had lower taxes for long enough that they should have overtaken the higher tax state in jobs and population. There should be more people and more jobs in these states than almost anywhere else. There isn't because taxes is not the dominant issue in locating a business somewhere, my point all along with has proven unassailable by you lightweights.

But, forget about arguing with me. Since your top tourist attraction (a rock formation) killed itself a few years back becuase it didn't want to spend another year in your state, get to work on rebuilding it so you can capture all those tourists who are spending time at Red Sox games, or visiting the Freedom Trail, or the MFA, or all of the other historic and cultural things going in in Mass that New Hampshire can only dream of. But hey, at least you have all those Wal-Marts....:rolleyes: :D :rolleyes:

Boy, I must have really hit a nerve to get Rover to change tactics from faux facts/Obama parroting. :D

Shows you how petty of a person this person really is when he loses.

I don't really need to be as petty as Rover. Everyone already knows he's a moron. And everyone already knows that he is an exceptional moron at everything to do with business and the economy. :)

What does that have to do with premiums rising less than in other places? As the very article you linked states, most likely the wait time is due to Mass having a higher % of its citizens insured than any other state in the nation. That's a trade off I'll take, as a citizen of the state we're discussing.

Hear hear! That's spoken like a true Taxachusetts liberal - what's good for the collective is good for me, even when it's bad for me.

You obviously haven't procreated. :)
 
Re: ObamaRama 8

Its not about the hand he was dealt (Christ can we stop that already) it is about the people he chose to play the cards and why he chose them. It also rips apart the Dem leadership for getting on their knees and Brett Favre-ing the megabanks and Wall Street. Barney Frank gets ripped to shreds almost as much as Obama does.

Maybe now he can win the Nobel Prize for Economics ;)

I don't think anyones giving O a free pass due to the situation at the end of 2008. And yes, many appointments choices incorporated that situation...ie you can't ignore the hand Obama was dealt as it was fundamental to the team he built.

Frankly 80% of politicians would have bailed the banks out and rightfully so. Without it, add dozens of bankrupcies of the most trusted/extensive banks in the country and the shock waves that would send through the economy. Add to that a stock market crash far beyond and unemployment today significantly beyond where its at. The truth of the matter is that the financial sector has stablized, many of the bailouts have been repayed at a profit, unemployment appears to be plateauing, and healthy investor confidence has pushed the stock market to levels of serious recovery. Assuming the recovery continues, the debt will be reigned in...so far the plan has actually worked quite effectively. Not bad for 10 months in office. Although perhaps not, if you constantly listen to complainers from the right.

Sure there's been too much focus on healthcare. Beyond that, I guess we might as well chock it up to more irrational fear of socialism.
 
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Re: ObamaRama 8

Well, how 'bout dat? CBO comes out with estimate of jobs saved by stimulus package....

http://thehill.com/blogs/blog-brief...stimulus-saved-or-created-as-many-as-16m-jobs

Knuckledraggers collective heads exploding in 5-4-3-2-1...:D

"...between 600,000 and 1.6 million jobs..."

So - what's a million jobs between friends, eh? Somehow, I have a hard time taking their "estimate" seriously when their margin of error is +/-50% - seems like THEY aren't even taking it seriously!
 
Re: ObamaRama 8

Assuming the recovery continues, the debt will be reigned in...so far the plan has actually worked quite effectively.

What recovery? Yea, the stock markets are doing OK and the GDP was not negative last quarter. I wouldn't be handing out gold stars yet. Until people HAVE JOBS it's doesn't matter. :mad:
 
Re: ObamaRama 8

What recovery? Yea, the stock markets are doing OK and the GDP was not negative last quarter. I wouldn't be handing out gold stars yet. Until people HAVE JOBS it's doesn't matter. :mad:

Nobody's saying we're out of the woods. Consider though...

1) While widely criticized, the bank/car industry bailout has worked spectacularly well. Not only has it prevented any more major collapses, its also saved hundreds of thousands, if not more, jobs and led to a signficant market recovery. The govt is making money on the payback, and even AIG (by far the most troubled company saved) is starting to kick back some of its funding to the feds. Lets also not forget the lost tax revenue & unemployment payments if all these companies went under. Mind you, bailout program is a bipartisan effort.

2) Stimulus package has by independent estimates saved or created approx 1M jobs. This isn't the administration saying it, its the same agency that conservatives thought was great when it scored a Dem health plan @ 1.5T. Also be aware that every other major industrialized nation, from England to China, has also launched a stimulus package for the same reasons as the US.
 
Re: ObamaRama 8

"...between 600,000 and 1.6 million jobs..."

So - what's a million jobs between friends, eh? Somehow, I have a hard time taking their "estimate" seriously when their margin of error is +/-50% - seems like THEY aren't even taking it seriously!

Depending on the "fudge factors" used, a lot of those jobs (600k-1.6M or whatever) that were created, saved or envisioned could be going away soon since many of the "shovel ready" projects are winding down, and there's not much else on the horizon, especially in the private sector.
 
Re: ObamaRama 8

Frankly 80% of politicians would have bailed the banks out and rightfully so. Without it, add dozens of bankrupcies of the most trusted/extensive banks in the country and the shock waves that would send through the economy. Add to that a stock market crash far beyond and unemployment today significantly beyond where its at. The truth of the matter is that the financial sector has stablized, many of the bailouts have been repayed at a profit, unemployment appears to be plateauing, and healthy investor confidence has pushed the stock market to levels of serious recovery. Assuming the recovery continues, the debt will be reigned in...so far the plan has actually worked quite effectively. Not a bad job by Bush. Although perhaps not, if you constantly listen to complainers from the right.

FYP

Bush did the bank bailouts.
 
Re: ObamaRama 8

FYP

Bush did the bank bailouts.

Its been a bit of a hybrid, but the overall point is correct in that Bush deserves plenty of credit for his reaction to the banking meltdown. Its sorta funny, for all the baseless charges of partisanship thrown my way ;) I wonder if any righties have praised Obama consistantly on any issue as much as I've praised the previous admin for its handling of this crisis. :eek: :cool:
 
Re: ObamaRama 8

Its been a bit of a hybrid, but the overall point is correct in that Bush deserves plenty of credit for his reaction to the banking meltdown. Its sorta funny, for all the baseless charges of partisanship thrown my way ;) I wonder if any righties have praised Obama consistantly on any issue as much as I've praised the previous admin for its handling of this crisis. :eek: :cool:

Don't hurt yourself there. It must be tough to kiss your own *** like that.
 
Re: ObamaRama 8

What recovery? Yea, the stock markets are doing OK and the GDP was not negative last quarter. I wouldn't be handing out gold stars yet. Until people HAVE JOBS it's doesn't matter. :mad:


Well sure, but jobs have always been a lagging indicator of economic recovery.Companies are first to cut back when times become tough, and last to begin rehiring once they improve. They make do with getting more out of the people they have left, and since productivity is at an all-time high.......

The problem is, companies see that increased productivity and decide they like it, and would rather work their people to the bone than hire new people. That way, the CEO's and the other muckety mucks can get even bigger salaries and bonuses.

As for the bailouts, the big problem isn't the money we loaned them that is being paid back, the problem is the hundreds of billions more we've given them in return for assets that are gonna turn out to be worthless.
 
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