Obama - Why is the Economy Growing so Slowly?

Discussion in 'Political Opinions & Beliefs' started by akphidelt2007, May 23, 2012.

  1. akphidelt2007

    akphidelt2007 New Member Past Donor

    Joined:
    Dec 7, 2011
    Messages:
    19,979
    Likes Received:
    117
    Trophy Points:
    0
    Like I have said for two years now. The economy will not get out of this rut until the Govt opens up their purse and starts doing what they always have done best... SPEND MONEY!!! Based on conservative logic, our economy should be thriving right now! Time to drop this ridiculous conservative ideology and start acting like Reagan and Bush! Funny how Republican's are blocking every attempt for Obama to increase jobs and economic growth and then complaining about Obama's job. Great tactic they got going on. If Obama were allowed to spend like previous President's, we would be fine right now.

    [​IMG]
     
  2. Badmutha

    Badmutha New Member

    Joined:
    Jan 25, 2011
    Messages:
    5,463
    Likes Received:
    258
    Trophy Points:
    0
    Perhaps because we have the most business unfriendly president in US History......?

    Truely amazing.....after Obama's FAILED 5 Trillion dollar stimulus.......you think the solution is to spend more.

    [​IMG]

    A complete and utter failure by any and all measures.....

    .....worese than doing nothing--Barack HusSame Obama and Keynesian economics.
    .
    .
    .
     
  3. MattA

    MattA New Member

    Joined:
    May 23, 2012
    Messages:
    3
    Likes Received:
    0
    Trophy Points:
    0
    We have two priorities right now. Economic growth, and reducing our deficits. Unless you can in some way stimulate economic growth through better distribution of the tax burden, there's going to be a lot of Government spending involved trying to boost economic growth. Obviously in a $15 Trillion deficit, we can't afford this. Besides that, who is to say any new policy by Obama for economic growth will be effective? He lost a lot of respect and influence throwing taxpayer money into a failing new healthcare plan. He has the right goals, but he has a hard time reaching them with his political outlooks. I'm sorry, but we need a some one new in office.
     
  4. jmpet

    jmpet New Member

    Joined:
    Nov 26, 2008
    Messages:
    3,808
    Likes Received:
    45
    Trophy Points:
    0
    Can't spend more when it's all been spent.
     
  5. akphidelt2007

    akphidelt2007 New Member Past Donor

    Joined:
    Dec 7, 2011
    Messages:
    19,979
    Likes Received:
    117
    Trophy Points:
    0
    There is no such thing as running out of fake money. That's not even logical.
     
  6. Hoosier8

    Hoosier8 Well-Known Member Past Donor

    Joined:
    Jan 16, 2012
    Messages:
    86,355
    Likes Received:
    19,545
    Trophy Points:
    113
    The best solution would have been for the market to find it's bottom so it could find the right valuations and start back up again. The problem with trying to prop up failed markets is that it keeps them from finding the bottom and start turning around.

    No one wanted any pain so what they get in return is prolonged pain.
     
  7. Hoosier8

    Hoosier8 Well-Known Member Past Donor

    Joined:
    Jan 16, 2012
    Messages:
    86,355
    Likes Received:
    19,545
    Trophy Points:
    113
    The fallacy of the graph is that Obama started and continues to deficit spend like a maniac. Not growing that is a good thing, but basically not changing from Bush's last year with the bailout and stimulus is a bad thing. If we were to get to even 2008 spending, Obama's should show a negative annualized growth.
     
  8. Iriemon

    Iriemon Well-Known Member Past Donor

    Joined:
    May 12, 2009
    Messages:
    82,348
    Likes Received:
    2,646
    Trophy Points:
    113
    Your conclusion is based on a chart FAIL.

    Allyou've proved is how wrong the "Wall Street" (whatever that means) forecast was.
     
  9. Iriemon

    Iriemon Well-Known Member Past Donor

    Joined:
    May 12, 2009
    Messages:
    82,348
    Likes Received:
    2,646
    Trophy Points:
    113
    You want the recession to be even worse?
     
  10. thediplomat2.0

    thediplomat2.0 Banned

    Joined:
    Jul 13, 2011
    Messages:
    9,305
    Likes Received:
    138
    Trophy Points:
    0

    The following graphs put federal government expenditures from President Bush to President Obama in a more accurate light:

    Bush Presidency:

    [​IMG]

    Obama Presidency:

    [​IMG]
     
  11. Iriemon

    Iriemon Well-Known Member Past Donor

    Joined:
    May 12, 2009
    Messages:
    82,348
    Likes Received:
    2,646
    Trophy Points:
    113
    There's lots more that could be spent.

    The entire stimulus was only about 6% of the economy, spent over 2-3 years.
     
  12. akphidelt2007

    akphidelt2007 New Member Past Donor

    Joined:
    Dec 7, 2011
    Messages:
    19,979
    Likes Received:
    117
    Trophy Points:
    0
    Lol, no one wanted any pain? Millions of people lost their homes, jobs, and retirements.

    I would say there was plenty of pain felt.

    And you want even more of that pain?
     
  13. akphidelt2007

    akphidelt2007 New Member Past Donor

    Joined:
    Dec 7, 2011
    Messages:
    19,979
    Likes Received:
    117
    Trophy Points:
    0
    You can't argue the data. The facts are facts. Obama relative has increased spending by the lowest amount in decades.

    We also have lost over 1 million public sector jobs after Bush increased public sector jobs by 2 million.

    It is factually incorrect to say that Obama is this big spending Keynesian when he in fact has spent less than the past 4 President's and significantly less than Reagan and Bush II.

    It's kind of sick how the Republican's are forcing this on Obama and then blaming him for the results.
     
  14. Taxcutter

    Taxcutter New Member

    Joined:
    Dec 18, 2011
    Messages:
    20,847
    Likes Received:
    187
    Trophy Points:
    0
    The high cost of energy - gasoline, diesel, and jet fuel cost double what they did in 2008 and the price of electricity is poised to quintuple - can't be helping.
     
  15. SiliconMagician

    SiliconMagician Banned

    Joined:
    Apr 15, 2010
    Messages:
    18,921
    Likes Received:
    444
    Trophy Points:
    0
    ..and what about the rest of us who will lose the value of our savings as inflation eats away at it? To hell with all of us right?

    I'd be in much better shape if your keynesianism would just go away and stop inflating away my savings and the value of my wage!

    Idiots like Krugman say "oh.. we should have 4-5% inflation a year."

    (*)(*)(*)(*) THAT. My wage does not go up 4-5% a year!!! My savings account does not increase by 4-5% a year!

    What you want is a back door transfer payment from people who have money owed to them, to people who owe money.
     
  16. Random_Variable

    Random_Variable New Member

    Joined:
    Mar 21, 2012
    Messages:
    626
    Likes Received:
    13
    Trophy Points:
    0
    He hasn’t “spent less than the past 4 Presidents,” you absurd individual. As evidenced by the graphs posted on the first page by another poster, current spending levels are higher than they’ve been under any other President. In fact, in Q2 of 2011, spending levels were at record highs. The only reason it seems so dramatic is due to the juxtaposition of annual spending growth rates of a fiscally responsible President (Bill Clinton) followed by a big spending Keynesian President (George Bush) followed by another big spending Keynesian President (Obama.) It’s the difference between Clinton and both of these clowns that’s dramatic, not the difference between the two clowns. You have an inability to analyze and interpret graphs. You are no longer allowed to post any.

    Having said that, you keep referring to the Bush years and to the deficit spending that occurred. Are the Bush years really something that we want to duplicate? Even if we compare him to his predecessor (who was fiscally responsible) is there anyone other than deranged neconservatives who believes that the economy was in better shape (as a function of the usual economic indicators) under Bush than under Clinton? Anyone at all?
     
  17. Iriemon

    Iriemon Well-Known Member Past Donor

    Joined:
    May 12, 2009
    Messages:
    82,348
    Likes Received:
    2,646
    Trophy Points:
    113
    Why wouldn't your wage go up 4% a year?
     
  18. Taxcutter

    Taxcutter New Member

    Joined:
    Dec 18, 2011
    Messages:
    20,847
    Likes Received:
    187
    Trophy Points:
    0
    Q: Why wouldn't your wage go up 4% a year?
    A: High energy costs
     
  19. Iriemon

    Iriemon Well-Known Member Past Donor

    Joined:
    May 12, 2009
    Messages:
    82,348
    Likes Received:
    2,646
    Trophy Points:
    113
    1) I didn't ask you.
    2) Your response makes no sense.
     
  20. SiliconMagician

    SiliconMagician Banned

    Joined:
    Apr 15, 2010
    Messages:
    18,921
    Likes Received:
    444
    Trophy Points:
    0
    Because private sector businesses do not work that way. Only Government employees who can elect their bosses get that kind of raise. Many private sector businesses are still on wage increase freezes until the economy improves. Most people are only earning 1-2% raises if anything at all.
     
  21. akphidelt2007

    akphidelt2007 New Member Past Donor

    Joined:
    Dec 7, 2011
    Messages:
    19,979
    Likes Received:
    117
    Trophy Points:
    0
    Wow, you are so dumb you can't even understand a simple graph. Embarrassing!
     
  22. akphidelt2007

    akphidelt2007 New Member Past Donor

    Joined:
    Dec 7, 2011
    Messages:
    19,979
    Likes Received:
    117
    Trophy Points:
    0
    Well I'm sorry, but I rather people not suffer just because you personally can't increase your net worth at a faster rate than inflation.
     
  23. Taxcutter

    Taxcutter New Member

    Joined:
    Dec 18, 2011
    Messages:
    20,847
    Likes Received:
    187
    Trophy Points:
    0
    Post a nonsensical question.
    Get a nonsensical answer.
     
  24. Badmutha

    Badmutha New Member

    Joined:
    Jan 25, 2011
    Messages:
    5,463
    Likes Received:
    258
    Trophy Points:
    0
    $5,000,000,000,000.00 of new Obama (D)ebt in just 4 years........

    .........and the lunatics belive the answer to our economic ills is for the most expensive president in history....to spend even more.
    .
    .
    .
     
  25. akphidelt2007

    akphidelt2007 New Member Past Donor

    Joined:
    Dec 7, 2011
    Messages:
    19,979
    Likes Received:
    117
    Trophy Points:
    0
    We are talking about spending, not debt... get with the program.
     

Share This Page