The Economic Case Against Obama

Liberal socialist, thanks.

 

It has been decades since a democract knew what a budge was. I am not sure about the republicans either but Obama has clearly shown his lack of understanding. 1. first reduction in our credit rating, millions out of work and hope, healthcare a shambles, international integrity in decline and last but not least one of the highes personal vacation
budgets in modern history.

 

"Decades"?

It was less than 12 years ago when President Clinton left office, handing Bush a surplus budget.

Remember in early 2001 the biggest problem we had was whether the surpluses would be too big?

Boy did we take a wrong turn.

Let's not do that again.

Thank you Tea Party.

Why do you blame Obaaaaaama for the Great Recession?

Like it was working great before with 50 million Americans without healthcare coverage?

*Much* imoproved over 3 1/2 years ago.

 

That might have been the case 40 years ago. In this day and age, profits (not just those profits resulting from tax breaks) end up in overseas jobs or in numbered bank accounts. There's no business expansion or investment goin' on HERE.

 

Not to mention that there is a distinct difference between individual profits and corporate profits. Individual profits aren't used to re-invest into a company usually, they just are put into investment options with low tax rates. What we have now is a demand problem, not a supply problem. Companies are sitting on trillions of dollars and not hiring because there is low demand.

 

I agree 1000%. The companies we have could double output and there would still be NO demand. But lets's turn 'em loose with some more cash, eh? Instead of $3,000,000,000,000 sitting by idly, they surely could use $6,000,000,000,000 sitting by idly.

 

It's as if both common sense and every Economics class ever held have been discreditied by the Kool-Aid mantra of the fairy tale of "Trickle Down". DEMAND, sir DEMAND creates jobs. Consumers with disposable income ready, willing and able to buy the products creates jobs. No rich guy summering in the Hamptons ever opened a tax bill and said "Gosh! I'm paying a lower marginal rate this year than last year! I think I'll 'create' some jobs!" Utter nonsense!

Nobody ever opened a shop or factory unless they knew there was DEMAND for thier product!

And when the spending power of the Middle Class is eroded in order to coddle the rich, DEMAND dries up!

But tell that to a Conservative. They'll call you every name in the book. Not and Economics book, mind you. They never cracked one of those.