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| Posted: 06 Feb 2009 21:56 |
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CBO: Obama stimulus harmful over long haul
http://www.washingtontimes.com/news/2009/feb/04/cbo-obama-stimulu ...
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President Obama's economic recovery package will actually hurt the economy more in the long run than if he were to do nothing, the nonpartisan Congressional Budget Office said Wednesday.
CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing.
CBO estimates that by 2019 the Senate legislation would reduce GDP by 0.1 percent to 0.3 percent on net. [The House bill] would have similar long-run effects, CBO said in a letter to Sen. Judd Gregg, New Hampshire Republican, who was tapped by Mr. Obama on Tuesday to be Commerce Secretary.
__________________Lucas McCain the Rifleman: A man doesn't run from a fight, Mark...but that doesn't mean you should go running *to* one, either.
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| Posted: 06 Feb 2009 22:03 |
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What does the CBO have to say about military expenditures?(nothing, absolutely nothing. Why? They know where their paycheck comes from)
A decrease, over 10 years from now, of .1 to .3 percent on net adds up to what exactly? Any word of how they arrived at their estimate? See, don't get me wrong, I'm not in favor of that stimulus package at all, but if this is all they've got in opposition to it, we'd be better off if they were not getting paid to do nothing as well. These clowns are a part of the problem, even if this one announcement is for the greater good.
__________________But the backdrops peel and the sets give way and the cast get eaten by the play, there's a murderer at the matinee, there are dead men in the aisles
And the patrons and the actors too are uncertain if the show is through and with sidelong looks await their cue, but the frozen mask just smiles
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| Posted: 09 Feb 2009 17:10 |
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I just got the basic idea the economy would be worse off which seems likely as the last big stimulus package failed so far to even dent the sagging economy.
I almost think the government would have been better off to make loans themselves than to give it to banks to hoard. All I keep hearing is the banks are still not loaning money. Which makes me wonder what was the point.
Personally, if I was going to do a stimulus package I would keep it simple. Do one thing at a time. Maybe get road construction going, and lower taxes for tax paying citizens. Maybe some tax incentives for buying homes, starting businesses, hiring employees etc. and leave it at that. Then just watch and see how that works. The stupid politicians want to take advantage of the situation to blow more money in a time when every dime counts.
__________________Lucas McCain the Rifleman: A man doesn't run from a fight, Mark...but that doesn't mean you should go running *to* one, either.
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| Posted: 10 Feb 2009 13:16 |
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Quote:
Which makes me wonder what was the point.
McCain's favorite word besides Joe or Plumber or maverick- Pork.
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Do one thing at a time.
First, there's too much to do. Second, one thing at a time doesn't require a package.
__________________But the backdrops peel and the sets give way and the cast get eaten by the play, there's a murderer at the matinee, there are dead men in the aisles
And the patrons and the actors too are uncertain if the show is through and with sidelong looks await their cue, but the frozen mask just smiles
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| Posted: 10 Feb 2009 18:48 |
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But wait you say there's too much to do, but you also agree when I say the government should back off.
So why doesn't it make sense to slow things down and get the government doing either nothing or at least only what's absolutely needed?
If we want smaller government then America needs to start weening herself off of the government doing everything. It's like dieting. Start eating smaller meals over time and your stomach shrinks and you get used to it.
__________________Lucas McCain the Rifleman: A man doesn't run from a fight, Mark...but that doesn't mean you should go running *to* one, either.
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| Posted: 10 Feb 2009 20:33 |
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Quote:
So why doesn't it make sense to slow things down and get the government doing either nothing or at least only what's absolutely needed?
You're proposing all or nothing and we both know that ain't gonna happen either way.
A good place to start our 'diet' is military spending.
__________________But the backdrops peel and the sets give way and the cast get eaten by the play, there's a murderer at the matinee, there are dead men in the aisles
And the patrons and the actors too are uncertain if the show is through and with sidelong looks await their cue, but the frozen mask just smiles
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| Posted: 11 Feb 2009 16:53 |
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We should make defense spending get as much bang for the buck as possible, but I wouldn't necessarily go to cut defense spending. Get rid of the stuff that's not even constitutional first.
__________________Lucas McCain the Rifleman: A man doesn't run from a fight, Mark...but that doesn't mean you should go running *to* one, either.
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| Posted: 11 Feb 2009 23:41 |
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Quote:
Get rid of the stuff that's not even constitutional first.
That would be a great start, but how would they replace the income tax right now? I'm pretty sure financing two pre-emptive strikes counts as well.
We're pretty near being bankrupt as a country, and our credit is far from perfect with other countries. Defense spending is gonna be cut one way or another.
__________________But the backdrops peel and the sets give way and the cast get eaten by the play, there's a murderer at the matinee, there are dead men in the aisles
And the patrons and the actors too are uncertain if the show is through and with sidelong looks await their cue, but the frozen mask just smiles
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| Posted: 12 Feb 2009 01:11 |
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Well the thing is the politicians in office are never going to give up power enough to start cutting back on spending of any kind. That's all the stimulus bill is, is a grab for more power and influence. I really want to believe in my heart that it will help the economy, but I just can't help but fear the worse.
__________________Lucas McCain the Rifleman: A man doesn't run from a fight, Mark...but that doesn't mean you should go running *to* one, either.
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| Posted: 12 Feb 2009 01:22 |
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The criminals making a play for power and influence own those politicians. Make no mistake.
__________________But the backdrops peel and the sets give way and the cast get eaten by the play, there's a murderer at the matinee, there are dead men in the aisles
And the patrons and the actors too are uncertain if the show is through and with sidelong looks await their cue, but the frozen mask just smiles
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| Posted: 12 Feb 2009 16:46 |
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I haven't being paying attention as I'm so fed up with it all. But I wish the Republicans would just sit down and shut up. You're whole stupid ideology is flawed. Deal with it. Now let the grown-ups figure a way out of this mess and quit getting in the way. You guys are like little kids who wanna help clean the house but really just get in the way and make more of a mess. I'm not saying capitalism can't work, but until you guys accept the fact that there needs to be restrictions and rules on how business is done, these corporations are gonna continue destroying EVERYTHING. Most of you guys are the "little guy" that keeps getting fucked over but with the blinders your type wears, you don't even see it. Or you blame the wrong people because they're pro-choice or some other inane reason. Is Obamas plan gonna do anything? Who the fuck knows? But one thing we do know, YOUR ideology is why we're in this mess. Profit over people. Profit over the environment. There's a great line in The Sopranos. Tony and some guy are running some scam and the guy asks who Tony is gonna vote for.(2004) Tony says: "Let's just say Dick Cheney for President. Of the freaking universe."
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| Posted: 12 Feb 2009 19:47 |
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Didn't know I'd be defending the GOP today,even in a small way.
First, the Rep's can't just sit down-they're outnumbered and the Dem's, by themselves, are not offering a solution. The problem is so far gone that by doing nothing or doing too much you get the same results. Obama is NOT giving us a solution with that allotment for the TAP money as such a major portion of it is going to more defense spending, which the Rep's seem to be all for, which makes it look more like a concession than any sort of rescue. Also be very clear that the Dem's are no less culpable in our financial issues today.
Yes, there absolutely have to be guidelines in place to prevent businesses from victimizing people, but the idea tht a business should exist for any other reason than profit is shortsighted, kinda naive even. You start off with the necessity of providing a product or service that people will want or need and be willing to pay for, and that's very nice and pleasant. You then hopefully get big enough you start needing more people to run that business-you're creating jobs(!), you're as close to altruism as you're gonna get because if there was never a desire for profit, that business was never getting started in the first place. Look at the stock market. If it weren't for the grand visions of gold in the coffers, nobody would be insane enough to sell off control of their company. Unless you've got something better, it is ALL about the CREAM.
If you want to know what 'destroys everything', you'll discover that corporate America is one arm of the Fed's outreach and not the whole task force. I'll be bold enough to point at the central bank as the source of all our problems, again, until you have something better. If you haven't seen it yet, look under the money matters section of the site here for the 'Money as Debt' documentary. Let me know what you think of it if you get around to watching it.
__________________But the backdrops peel and the sets give way and the cast get eaten by the play, there's a murderer at the matinee, there are dead men in the aisles
And the patrons and the actors too are uncertain if the show is through and with sidelong looks await their cue, but the frozen mask just smiles
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| Posted: 12 Feb 2009 22:11 |
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__________________Lucas McCain the Rifleman: A man doesn't run from a fight, Mark...but that doesn't mean you should go running *to* one, either.
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| Posted: 12 Feb 2009 23:00 |
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GOP is just as guilty as the Dem's Tim-don't go grinning too wide.
__________________But the backdrops peel and the sets give way and the cast get eaten by the play, there's a murderer at the matinee, there are dead men in the aisles
And the patrons and the actors too are uncertain if the show is through and with sidelong looks await their cue, but the frozen mask just smiles
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| Posted: 13 Feb 2009 15:58 Last Edited By: Tim |
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Well I won't say much, I personally blame the GOP for allowing us to get into this mess. They should have been practicing their principles the last 8 years and the dems wouldn't have got control in the first place. Then Mr. high and mighty nose in the air wouldn't be taking off my TV shows.
Have you noticed Obama is always posing. He sticks his nose in the air and pauses like he's posing for a magazine cover. Man he makes Will Smith look humble. Don't get me wrong I've always liked Will Smith, but Obama is getting on my nerves.
__________________Lucas McCain the Rifleman: A man doesn't run from a fight, Mark...but that doesn't mean you should go running *to* one, either.
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