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Stimulus Bill (pg. 5)
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| djjoshuaallen |
| quote: | Originally posted by starboy
Your right wing palin-limbaugh ideology was rejected in a big way in november, time to move on. |
:haha: :haha:
You obviously have never met me and have no idea about my ideaology.
In no way would I ever support either of them, and my rejection of big government spending supports the ideaology of great leaders such as Ronald Reagon, JFK, and the economics that have set our nation apart from our western european friends.
Im simply a fiscal conservitive, that thinks the economy is better off if we pay less taxes, and spend more of OUR own money. NOT a radical, right wing, pro-life jesus lover.:conf: |
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| starboy |
| If i'm not mistaken ronald reagan raised taxes every year in the eight years he was president. |
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| djjoshuaallen |
| quote: | Originally posted by starboy
If i'm not mistaken ronald reagan raised taxes every year in the eight years he was president. |
polish up on your reagonomics, and they way in which Ronald Reagon got us out of the mess Jimmy Carter left us in. Where unemployement and government spending/deficit rivaled the mess our government spending has gotten us in over the past 8 years. |
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| starboy |
| quote: | Originally posted by djjoshuaallen
polish up on your reagonomics, |
No, i don't. Here, i'll do what you do.
http://firedoglake.com/2009/02/01/n...xes-you-idiots/
This whole economic disaster is directly linked to "reagonomics" His philosophy was to let the market run free and implemented the largest de-regulation in history. 30 years of free market reagonomics is finally over, meet-obamanomics, it's gonna take a while to fix the failure that was "george bush" bush was way more of a socialist than obama will ever be.
Obviously i'm not saying that reagonomics was the only culprit, but it was one of many. |
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| djjoshuaallen |
| quote: | Originally posted by starboy
Obviously i'm not saying that reagonomics was the only culprit, but it was one of many. |
That site is hilarious.
The main culprit in this economic disaster is barny frank and his committee that pushed for lose restrictions that allowed banks to loan sub prime mortgages to people who could not afford them. And their vision that everybody should have the american dream and own a home, driving home prices through the roof. Now that they are in the toilet, it has had a domino effect and has crumbled consumer confidence. Blaming Reagon policies of 25 years ago is absurd.
While I agree that de-regulation played a large part, it was mainly the de-regulation of the past decade pushed forward by democrats and republicans alike that allowed the wreckless investments that we have seen in recent times. |
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| djjoshuaallen |
| quote: | Originally posted by starboy
30 years of free market reagonomics is finally over, meet-obamanomics, |
Nice, lets watch the private sector, along with private wealth, dwindle away as big government spending and investment moves in so we can model the successes of european socialism. |
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| starboy |
| quote: | Originally posted by djjoshuaallen
That site is hilarious.
The main culprit in this economic disaster is barny frank and his committee that pushed for lose restrictions that allowed banks to loan sub prime mortgages to people who could not afford them. And their vision that everybody should have the american dream and own a home, driving home prices through the roof. Now that they are in the toilet, it has had a domino effect and has crumbled consumer confidence. Blaming Reagon policies of 25 years ago is absurd.
While I agree that de-regulation played a large part, it was mainly the de-regulation of the past decade pushed forward by democrats and republicans alike that allowed the wreckless investments that we have seen in recent times. |
We can go on and on with the finger pointing but it's useless... if you think that putting people back to work, and getting credit flowing again, and putting money into the pockets of millions of struggling americans (not the rich, trickle down failure that bush tried for eight years) is not a good idea, then why is this bill so popular with the american public?
| quote: | | Public support for an $800 billion economic stimulus package has increased to 59% in a USA Today/Gallup poll conducted Tuesday night, up from 52% in Gallup polling a week ago, as well as in late January |
Let me guess, you think that doing nothing is a better idea :rolleyes:
Tax cuts alone won't work. Also, don't try to compare this recession to others in the past that might have helped with tax cuts. We're losing 10,000 jobs a day right now, you need to stop watching fox noise so religiously, and believing these far right limbaugh-esque web sites preaching the power of NO.
All these republicans in the house and senate are throwing all their cards on the table in hopes that our economy gets worse over the next couple years so they can point the finger at dems and obama and take the power back, rather pathetic and selfish if you ask me. |
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| DJ RANN |
Josh, We've never met and I have a lot of respect for your music and I don't judge people, especially from what they put on online, but your fiscal politics or at least economic beliefs are totally off.
REAGONOMICS DID NOT AND WILL NEVER WORK. PERIOD. It has now been proven without a doubt in respected journals from the Economist, to the FT, to the Wall Street Journal, to Forbes (etc, etc, etc.), not to mention countless studies by organizations such as goverment think tanks (RAND corp) and too many Ivy league universities to mention, that it has not worked and offers no valid protection against the standard boom and bust economic pattern within free market capitalism. I can post enough evidence of this to make the 1100 page stimulus bill look like a post-it note. This is also proved by the fact that there have been two major recessions since Reagan, both of which were either during or directly after Republican administrations, that went with the trickle down policy method of reaganomics.
Supply side economics is crucially flawed - The rich have got richer while everyone else has become in real terms poorer (by definition of inflation offsetting, value of goods, depreciative scales, etc.) . I can also post the official graphs of wealth decline if you want, which show without argument that while the American middle classes have got poorer (and less due to slipping in to the lower/working classes) and the poor have gone below the poverty line like not seen since the great depression.
Private sector wealth growth (as experienced over the past few years has done nothing apart from make a fe individuals very rich in the boom years then loose everything the moment the markets struggle, bringing the markets down with them.
The GOP opposition to the bill is purely political and it makes me sick - it has nothing to do with the bill itself, simply that they are outnumbered and outdated. They were complaining about no-one having read the bill. Well, I have and it's only very slightly different from the two bills that were put forward nearly a month ago. Also, politicians by their won admission never read bills themselves, that why they have aides, so them throwing the bill on the floor saying we couldn't read this is just BS for the cameras.
Obama has tried seriously hard to get them on board when he simply could have done what Bush did on every subject he wanted passed and just pushed it through with executive power. The crazy thing is that the first stimulus bill which was also a huge amount of money and a republican vehicle just got pushed through and handed out to the Paulson's friends (oh and actually to himself as a major shareholder of one of the bailed out banks).
They're pissed they didn't get in to office, and that the other party is going to get some money to spend on the things that they believe the country needs. and lets be honest the previous way of working didn't do for short or long term stability....so even though you may not like it, it doesn't mean it's wrong. |
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| djjoshuaallen |
I agree the republican response has been pathetic, and party driven, this is why I have been critical of our two party system for as long as I followed politics. However, the package contradicts itself because they claim this is something that it is built to create long term stability, but have thrown it down our throats in just a few short weeks unpolished and uncertain, which is unnecessary. If it is long term stability you seek, take your time and get it right.
I do think action should be taken, but their generous claim of creating 3.5 million new jobs with a pricetag of 780 billion seems a bit absurd. ($225,000 per job) Jobs that exist soley because of government spending, jobs that will dwindle away once those funds are gone.
I find it hard to believe they will find somebody willing to invest in the US currently, forcing the FED to print the money creating drastic inflation over years to come. |
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| djjoshuaallen |
| quote: | Originally posted by starboy
then why is this bill so popular with the american public?
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mid %50 is so popular? people are desperate and scared, most of this economic recession is due to loss of consumer confidence alone, which has caused a panic IMO. |
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| starboy |
| quote: | Originally posted by djjoshuaallen
mid %50 is so popular? people are desperate and scared, most of this economic recession is due to loss of consumer confidence alone, which has caused a panic IMO. |
YES. As opposed to the 38% who oppose it? yeah 59% is huge, and that's uper 50% not mid. Not to mention the 67% of americans who aprove of the way obama is handling the stimulus, and his 65% public aproval rating. You are in the minority, but i respect your opinion even though it's wrong.
http://www.gallup.com/Home.aspx |
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| DaveT |
2/3rds of americans are dumb with if they think how this bill was rushed is OK.
Fact is, the vast majority of american's don't even take the time to udnerstand what's in the bill and don't ever take into consideration the consequencs. Point is that polls in areas like this are stupid.
Again, I don't care if the bill was perfect. How it was rushed is a disgrace. Would you ever sign that Bill w/o being able to read every detail, even if in the end it was very similar to something you read before?
Politics are retarted. Our congress is retarded. |
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