Isn’t Obama’s solution of ?
May 18th, 2010 | 
Author: The Right Stuff asked:
Isn’t Obama’s solution of increasing our spending debt in order to stimulate the economy like trying to extinguish a fire by tossing gasoline on it ?
Elwood – You are 100 % wrong. Obama’s solution is only an inferior version of the WPA which did NOT bring America out of the Depression.
Only renewed confidence health in American Business can do that and tax increases do NOT make Americans Business healthier more confident.
Obama’s solution is akin to having $ 125,000 in Credit Card debt and solving the problem of Credit Crd debt by amassing another $ 75,000 in Credit Card debt.
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yes, it is.
good point!
his solutions wont help.
debt solutions
No. Read an Economics 101 text.
Tax cuts did not stop the Great Depression.
Budget balancing did not stop the Great Depression.
Spending, putting people to work, ended the Great Depression.
It kinda sucks, but if you’ve got to avoid a depression, it’s about your only option.
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Yes
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Yes it is. Though its practically every other politicians solution as well.
Your analogy is dead on.
Naturally, If Ron Paul was voted in – sigh….why do I even bother anymore?
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Yes it is.
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The solution is more complex than that and you should know
it; you conveniently forgot the job creation part ( by rebuilding
infrastructure among other things). All these things go
together.
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Yes very good analogy.
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It’s only like that if you don’t know much about economic theory. But…it should be noted, that it is just that. Theory. No one knows for certain how to fix it.
See deficit spending and Keynesian effect.
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OBAMA has serious problems. hes OVERly idealistic. I think biden should take over.
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possibly. But the fact of the matter is that we don’t know what it will take because the last time this happened they waited far too long to do anything and it was too late by then. With no model to work from we are in uncharted waters and how to go forward from here is a mystery to everyone. One thing is certain though, we’re better off with someone who recognized there was a problem with the economy’s health than we would have been with a guy that thought it was fundamentally sound up until hours before it collapsed.
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This is the first round of many things to come that won’t make sense to most people..somethimes change is just the same old same old with a new wrapper on it..just be glad you are working and have a job
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Especially when he himself admits it won’t work.
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Yes. Obama wil learn the hard way, you can’t spend your way out of a recession. He needs some serious help. The guy is going to ruin this great Country, unless someone steps in and takes the reins. I just hope we can get rid of him, before he does any real damage.
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I think he is going to crash our economy, and socialize medicine, and anything else he can to better facilitate entering into a North American Union.
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His bailout or stimulus seems to be a short term fix. They need to downsize the government, get rid of the pork, and get rid of all the lobby loving hogs.
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Yes. If this keeps up, they in the government should all be arrested for passing bad paper as our money will be worthless.
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He thinks he can stimulate the economy by using the money to pay people to work government jobs. But that’s not going to restore consumer confidence, and isn’t going to restore the economy. You’re still taking money from people who work outside the government, so they have less discretionary income to spend or invest. It’s like trying to carve a Thanksgiving turkey with a pocketknife, grossly ineffectual and counterproductive.