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Thread: How Obama and Democrats are Responsible for the Weak Recovery

  1. Default

    Quote Originally Posted by James Cessna View Post
    In all due rerspetc, Hanzou, you are very mistaken.

    A policy of increasing employment in the public sector produces an endless spiral which then leads to a significant increase in our national unemployment rate.

    Also, what most people don't realize is, for every Government job that is "created" the private sector must create at least NINE jobs to pay for it.

    Here is how the math works. Taxes from each private sector worker go to pay at most 11% of the Government worker's salary and benefits. Therefore, it will take NINE private sector workers (100% divided by 11%) to pay for the salary and benefits of each NEW government worker.

    The solution to this problem is obvious; we need to employ as few government workers as is economically and reasonably possible.



    Are government jobs the answer? Unfortuately, for every Government job that is "created" the private sector must create at least NINE jobs to pay for it.
    Um, we increased government spending and jobs, and that's how we got out of the great depression in the 1940s and 50s. Our economy didn't spiral out of control until we deregulated everything, and allowed the financial markets to run free with other people's money.

    History disagrees with you.


  2. Default

    Quote Originally Posted by SiliconMagician View Post
    Once again, the ONLY economist in the world who agrees with this view is Krugman.

    Of course you'll then say, like every other thread I point this out to you, that everyone but Krugman is bought off in some massive conspiracy to the rule the economic world.

    Never mind that survey after survey is found that over 70% of all economists are left wing in their ideology.
    Remember when one economist believed that the economy would collapse in 2006-2007?

    [ame="http://www.youtube.com/watch?v=Z0YTY5TWtmU&feature=re lated"]YouTube - ‪Peter Schiff was right 2006-2007 - CNBC edition‬‏[/ame]

  3. #13

    Default

    Quote Originally Posted by Buzz62 View Post
    BLAH BLAH BLAH...

    This is really quite simple...so much so that I'm shocked Republicans don't see it.

    EXPENDITURES and REVENUES!!!

    Reduce expenditures by cutting military spending and increase revenues by raising taxes.

    But if the Republicans are content to make noise and ignore the 2 major drains on the US economy...well its YOUR Congress...enjoy the Depression.
    Raise taxes.....over and over and over. No limit, no end.

    YOU can always cut a check to the US Treasury, sir.

    Oh wait. Aren't you Canadian?

    Well, regardless, you can stroke a check to the US Treasury anyway. Have at it.
    Civil debate is expected.
    Fair warning: trolling and personal attacks will get you nowhere, and I will report you
    .


    The Quorum

  4. #14

    Default

    Quote Originally Posted by Trinnity View Post
    Raise taxes.....over and over and over. No limit, no end.

    YOU can always cut a check to the US Treasury, sir.

    Oh wait. Aren't you Canadian?

    Well, regardless, you can stroke a check to the US Treasury anyway. Have at it.
    Indeed, the U.S. Treasury is now accepting checks from foreigners. Just fill that baby out. Put it in an envelope and address it to; U.S. Treasury. Be certain the check is good though. We don't want bogus checks from Canadians clogging up our system. ( you won't be able to write off the contribution though, no matter)
    Last edited by ronmatt; Jun 02 2011 at 07:46 AM.
    'WELCOME TO CALIFORNIA' WHERE 'VIRTUAL' REALITY IS A WAY OF LIFE'

  5. Default

    Quote Originally Posted by James Cessna View Post
    You are correct, SiliconMagician.

    The followng review was also very good!




    Under central planning, which Barack Obama loves so much, there is no profit-and-loss system of accounting to accurately measure the success or failure of various programs. Without profits, there is no way to discipline firms that fail to serve the public interest and no way to reward firms that do. There is no efficient way to determine which programs should be expanded and which ones.

    Socialism has always collapsed because of its failure to operate under a competitive, profit-and-loss system of accounting. A profit system is an effective monitoring mechanism which continually evaluates the economic performance of every business enterprise. The firms that are the most efficient and most successful at serving the public interest are rewarded with profits. Firms that operate inefficiently and fail to serve the public interest are penalized with losses.

    http://www.thefreemanonline.org/feat...ialism-failed/

    Honestly, the way Barack Obama has wasted and squandered our tax dollars in the four years he has been president, I don't understand he can sleep at night!

    Thanks to Barack Obama and four years of his failed economic policies, government dependency jumped 8.1 percent in the past year, with the most assistance going toward housing, health and welfare, and retirement.

    The federal government spent more taxpayer dollars than ever before in 2011 to subsidize Americans. The average individual who relies on Washington could receive benefits valued at $32,748, more than the nation’s average disposable personal income ($32,446).

    This is "income re-distribution" on the part of Barack Obama and the liberal Democrats in Congress at its very worse. Why should anyone work today when you can make as much money by not working as you do by working?
    Last edited by James Cessna; Jul 19 2012 at 07:26 PM.
    James Cessna

    "If you give a man a fish (socialism), you feed him for a day. It you teach a man to fish (capitalism), you feed him and the people he employs for a lifetime."

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