1) You cannot charge someone who makes $50,000 a year $700,000 for a house, and then call it a "real estate collapse" when he can't afford it, and, doesn't buy it.
2) You cannot nickel-and-dime employees by exporting good-paying jobs overseas, and then letting them fight for the scraps of whatever low-paying jobs are left here at home.
3) You cannot hire one person to do the job of 3 people. This is just simple arithmetic, and will never work, not now, not ever.
I'm gonna be open here. I will vote for ANYBODY that isn't Obama. Be care fellow Americans. I am really thinking he is gonna change to an independent party. That's what democrats like to do. To try fool the American people. Obama has done nothing for this nation. Exept to implement what he wanted implemented. He wants to make the rich man , the blame for all of your problems.
BUT YET , he is one. The Obama family loves staying in 10,000$ a night hotels
of course democracy fails. how can 300million individuals evaluate the 300mil as a whole, especially when the checks against government over-riding the constitution failed.
it seems impossible to convince a majority that government isn't necessary. if people want to be slaves, let them be.
But mass tax avoidance would be good for those that know a bit more about government. not as some kind of public stunt, but to legitimately get out of the system for those involved.
FAIL! The economy was crashing at annualized rate of 6.4% in Q4 2008. In Q4 2009, it was expanding at annualized rate of 5%. The stimulus turned the economy around. You can debate how effective it was. Claiming that it was "bad for the economy" exposes you as someone not capable of seriously discussing the matter.
@zombiefitnezz The deflationary spiral is a theory, based on the paradox of theory. Theres a broad study done by the federal reserve of Minneapolis which concluded that the deflationary spiral doesn't exist. But you're right, deficit spending does not shift income. The inflation which follows can have a negative effect on consumption however, so the idea of a stimulus can be pretty self defeating.
@worldnewsbbc1 What? It said there was no empirical link found between deflation and depression (the title of the study). The show only two instances out of over 100 where deflation and depression were linked, and they explain one of them away. The other one (The Great Depression) can be attributed to many factors outside of deflation. No, we were not in that same situation in 2008. Deflation always occurs during a credit crunch. You're confusing correlation and causation.
Truth is not something make up when needed - Truth is something that has already happened. Do you want truth about THEIR government? Something main street media will keep you from seeing in full “The Big Fix” patriot video by globalawareness shows truth take a closer look challenge it –I tried
Its pefect 800,000 billion for 600,000 jobs that works out to 1.6 million per job ..why not just give out checks for 500,000 and we could save 50% of the spending ..policiticians wake up you bunch of corrupt crooks ..
Obama is a socialist and I am starting to think a Marxist. Government should NOT be in anything except for safety, and defending our constitution. what has driven our economy for the past hundreds years? PRIVATE SECTOR. BTW, how many people think that the constitution gives us our RIGHTS? FYI!!! The constitution does NOT give us our rights, but DEFENDS our rights already GIVEN to us.
@voodoopoison Yeah yeah but you dont seem to convince that hes democratic on the socialism spectrum. The government's job is to maintain order and make sure their people are prosperous. "Private Sector" pssh yeah let them run education and you'll be paying $25,000/year for your child's elementary education. Look at Norway & Japan their gov't banned civilian ownership of guns and the result? Two of the safest countries in the world (along with discipline & a push for education of course).
@Bronzecop Bullshit. Norway has 42 rapes last year all done by non-Western foreigners. They were safe because they had very little multiculturalism. Once more Turks and Somalians moved in they've been having plenty problems. Check your facts before you speak.
@baller84milw Are you fuckin retarded? I did "NOT" say "CRIMELESS". Oh yeah but Western Europeans still commit rape wher ever they go, its in their blood; pick up a history book. Northern & Central Europeans on the other hand know how to act properly in this world.
@Bronzecop You're dumb as hell. Norway is Northern Europe. And what about Turkish crime. Oh, yea, and you might want to check the headlines, 7 dead in gang shootings in Malmo, Sweden, right on the border with Denmark. Know what you're talking about before you try to make an example and a point out of it on unsuspecting people.
@baller84milw Looks like dumbass who doesnt know how to read just found out Norway was in North Europe, good job repeating what I just fuckin said. You must think that Scandanavia is more dangerous & less safe than most parts of the world. XD LMAO!!! I know you're trying to blame all of the Non-European foreigners for the crime, but when you look at the Scandanavian prisons; almost of the prisoners are European & a lot of them are in there for White-Collared crime which worse than violent crime.
@Bronzecop Another lie. 3/4 of their prison population is Muslims (Magrehbis, Turks, Iraqis, Pakis, Somalians etc.). Same goes for Germany and France. Lol, please just stop, you have no idea what you're talking about, and the more you talk the more you reveal how little you know. Clearly you've never been there. I hope you don't try to "bless" other people with your pseudo-knowledge of European society. Or maybe you just like bending facts to fit your argument, hmmm.......
@baller84milw After all what is said, theres one thing you wont mention. The population thats not in prison. I love how people like you focus on such a small group of individuals that do bad things & try to categorize the entire population as trouble makers. Get this through your head stranger. "That Tool Is Not Working As Well Anymore". But I love how you try to twist the fact that, Norway is the safest nation in the world. 7 dead..Shit lol. You how many thousands die in the U.S. a day?
@Bronzecop Lol. The only thing I generalized is where the majority of their crime comes from. I love how people like you love to compare how "safe" a city is to the worst places in the world....."It's not as bad as the Gaza Strip, so I don't think its that bad...." Bull shit. Compare it the 70s. Compare that to the 60s. Look at it now, with more increased immigration. Look at the reports, that state the race of the criminals. What more do you need? You are in denial. PERIOD.
@baller84milw At least you admitted you're using that tool lol. But when I mention white collared crime you completely ignore me & go straight back to violent crime. So you rather be at the Gaza Strip than be in a nation accepting of foreigners, go right on ahead. If you wanna prove your point just put up a legitamate website in your next post, you xenophobe.
@baller84milw Oh little racist cheese dick has no sources to prove his point & fails at assasinating someone's character XD LMAO ROTF!!!! Maybe I should start trolling on Western Europeans & their bloody history, but there is no need for that. Your inability to do basic research is more than enough to suffice.
Ok there was no obama massive spending increase, spending has gone up 1.8% in real per capita terms in the time obama has been in office. So saying the stimulus failed in stupid as there was none.
I am afraid that the stimulus plan not only failed (based on the unemployment rate as of 10/10), but put us $900B more in debt. I think the national debt is a serious issue. Once the Fed can not longer keep our bond yields artificially low, the interest payments on the debt will crush future budgets. I recommend "Why We Are In So Much Debt" for a succinct explanation of our monetary problem.
why dont these assholes tackle the REAL issue? the REAL issue is the rothchilds(est worth 500 TRILLION) and queen of england(admitted est. worth 14bln+) plus 150, TRILLIONAIRE central bankers who have ravaged america and destroyed the US Constitution(the amoral and un-Constitutional "patriot act"). doesnt matter who is in US presidential office, the rothchilds will see to it they tow the line or else. look what happened to kennedy. americans are SO jerry springer clueless its sickening
God! It makes you want to scream, and cry and not wake up the next day. How can such smart people like Dan and others, not be in charge of this country? Everybody would benefit from a better Economy! Indeed! We're all in a nightmare, where the demented-inmates are running the asylum. Dan Mitchell for president. Please...
lets close on a semi cheerful note; even if you are a retarded fuck, Obama's economic plan will end up saving this nation and therefore helping complete idiots just like yourself. On behalf of all the mentally sick patients at the Center for Freedom and Prosperity thanks for watching and as always we understand that we no nothing of economics. Please help spread the message of liberty.
The 3 worst presidents in the history of this country. Hoover, FDR, Carter and soon history will be judging Obama as one of the worst too. Bush Jr. followed Dodd and Frank and fell of the cliff as well. We need a Reagan. That's why I support Fred Thompson. A true conservative. If we could have 16 years of a Conservative president and Conservative house and senate? Jobs would be plentiful and the poor would be middle class. And Dems want the poor to stay poor. When the poor suceeds Dems lose.
The hope he stated at the end has fallen flat. The economy would've corrected itself if this administration would have left it at the "stimulus". Instead Obama has continued to tax more and spend more.
Interesting...so where was the Kato Institute 2 years ago...oh yeah, they had their head up the arse of GOP & dare not question Republican's style of big government spending.
And FYI, if I build a bridge that opens up a whole new town to trade I just increased the economy of my town...do the math.
Why spend money on US when we could spend more money on wars. This video rocks. Not everyone should live longer than our war HEROS who kill those totally bad guys. The stocks are falling fast with Obama. Do not let that black guy win with wasteful spending!!!!!!!!!!!!!!!!!!!!!
This man is working for the CATO institute, formed by the multi-billionaire KOCH family. He doesn't want to help people, he wants to F the middle class and poor.
The KOCH family has paid hundreds of millions in enviornmental fines, because it's cheaper than to do the right thing. They want the rich to rule and stay rich forever. Know who you are listening to. THE EVIL KOCH FAMILY!
YOu mean "Communism" like some African Cultures still practice where 20 or so families work together to farm the land and the whole community have a majority say on matters concerning the comminity in forum?
Or are you speaking of FOrmer U.S.S.R that was a Socialist Bueracracy where government owned/controled everything or CUba which is a Facist Dictatorship where1 person in Governemt tells businesses what to do?
China is a Hybrid of Dictatorship,Socialisim,and Facisim...not "communisim"
I want to simply point out at this point that the guy who is pro-KKK's comment about "UGLY NIGGER" got more positive reviews on this site than my comment about government spending did. That shows who I am talking and who are attracted to this sort of ideology, doesn't it? I mean, you all could have given it thumbs down, but you didn't...
shadowcii, the government is supposedly representative, and there is far more to our government and documented foundation than that simple paragraph.
deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it,
The entire layout of our government is supports these mission statements.
A Certain fascist oligarchy, would dissagree.
By the way... :hapiness = property in the context of these documents.
Do you honestly know what fascism is? I am quickly becoming tired of people throwing the word "fascism" around however to suite their whim. Like it is some kind of debating cop out.
whats your hard-on with me anyways? What is it about what I write that you take exception with? Is it my idea of individualism, self reliance, and governments role in protecting our rights? What gives? you a communist, socialist, fascist?
A "hard on"? That's vulgar. No, I actually don't see you as anymore important than the other people I take the time to debate each day on matters of philosophy and ideology. You simply replied to my comment and I responded. My responce was big so I broke it up into several parts.
I am a Communist, actually. I'm no utopian, so don't let this fact lead you to believe that I am out of touch or unrealistic.
John Locke's theory shaped the Virginia state constitution. Not vice-versa.
The right to secede from the union is a very heavily debated topic, one which I find it hard to come to one belief or another. I think that if a state were to want to govern itself as its own country, seperate from our federal government that it should have that ability, but I also find that that ability could lead to petty devisive problems that will tear this nation apart for no logical reason.
When you say "tear this nation apart, what is your fear exactly?" The continent called north america would shake and rumble apart? The human beings would lose their minds and anarchy would ensue? Or the Federal government would collapse? I dont understand.
And, no, that section of "life, liberty and the persuit of happiness" eliminated the word "land" or "property" because there was a dispute amongst our founding fathers of whether or not the government should monitor and regulate property ownership. "hap[p]iness = property" only applies to John Locke's quote, "no one ought to harm another in his life, health, liberty, or possessions."
It origninated from the virginia declaration of rights section one,"Section 1. That all men are by nature equally free and independent and have certain inherent rights, of which, when they enter into a state of society, they cannot, by any compact, deprive or divest their posterity; namely, the enjoyment of life and liberty, with the means of acquiring and possessing property, and pursuing and obtaining happiness and safety."
One thing I do fear is many bickering republics loosely attempting to maintain order, resource imports/exports and still military presence like that of the government found from Articles of Confederation instead of the unifying federal government we have today. If a state secedes, what will it be? Another pitifully small nation, lacking the resources to continue. I also fear another civil war.
We hold these truths to be self evident, that all men are created equal, that they are endowed by their creator with certain UNALIENABLE RIGHTS... -- That governments are instituted among men to SECURE THESE RIGHTS...
i love how if you dont like obama you are a racist.....and that race card is played out obama is half black half white.....but you dont talk about the half white side do you...........
This comment has received too many negative votesshow
Mr. Obama is the best president this country has ever had and that is a fact. Only a racist would talk badly about him. Its time the black man gets are share and Obama is going to give it to us. Stay strong my brothers our day is here
@VoiceOfReason61 This just shows what their definition of racism really is. Its disagreeing with black people and not making statements that are derogatory or demeaning racial statements.
Therefore when Clinton said that 8 years ago Obama would be getting us coffee isn't racist or Reid Negro dialect comments aren't racist because they didn't make black people angry... But disagreeing with Obama is racist...
And then the value of the dollar and inflation rockets making America a poor country please if you have no knowledge do not comment! Do yourself a favour
You make many good points, however your rhetoric is abhorant (using the words "liberty" to cultivate listeners) as to lead the blind nationalists. I believe the government is bloated because it is poorly organized. Social welfare and public services are absolutely necessary with our population and needs, but the amount of spending that takes place in the United States is unusually high. Probably because we are too used to privilage. The government is only fairly representing our habits.
No... The government is for stability, power and money. Read some history and develop some cognitive thinking skills, then you might realise that too.
I know you're joking but some people actually think like that. They think the people exist to further the government! They're crazy. They put a big pitch on people saying how they must give up their rights for the betterment of all. CRAZY!
Thankfully our framers made no bones about what government is for...
"We, the People of the State of California, grateful to Almighty God for our freedom, in order to secure and perpetuate its blessings, do establish this Constitution"
Government never retracts, they only spend more. Big Government is regressive, you pay, but never back, unless you're A: Welfare Slug, B: Government Employee. Each year of spending (at the current rate) will take 10 years to pay back, therefore if the Government were required to adhere to the same standards as private individuals & public corporations, Government must reduce spending by 90%. Instead Congress & this Administration intentionally spend us into bankruptcy: "Cloward - Piven Strategy"
besides the money will come back to the government through the money multiplier. The economy will recover . However there is a price to pay as and the price is inflation!!
i think that this video is great some how. but truly if we look at what are the component of the GDP, which is a basic measure of a country's economic performance, it justifies Obama's spending policies. GDP= private consumption + gross investment + government spending + (exports − imports).
so if C is low and I is low to so we need to increase government spending to try to balance the equation. However the results are not instant .
Wow, I'm fucking pissed off that the government and shit thinks they can handle todays problems without looking into the past and at our failures in history.
Just like my grandparents always said,"Learn from your past mistakes"
Wow our country, the us, will probably be fucked with this big fucking corrupt government. I swear, I think the pursuit of life, liberty, and happiness has no meaning at all anymore...
Obama" If we don't pass this bill now 6 months from now we will lose millions of more jobs". Guess what Obama it's six months later and we've lost millions of more jobs you FUCKING IDIOT !!!!!!!!!!
Back in 74 when Ford took over office I bet some Americans were laying blame him on for some of the country's problems that Nixon created. Well history repeats itself Obama's taking the heat for what former President Bush created. Bush is the one that created this economical disaster, not Obama. I think that we should go to Crawford, Texas with ropes, torches, and telescopic rifles and wipe that bastard Bush off the face of the Earth.
This comment has received too many negative votesshow
I can see your point now. The more I think about it the madder I get about taxes and everything else going up and making college harder to get into. I also think thats another reason why Texas wants to leave the union because of those Federalists being behind most of this. I give Obama credit, at least he tried.
OK the reason why the economy is so bad right now is that companies in the 90's were getting loans off of ppl they KNEW could not pay them back, that was a few years before Bush was elected. Then Obama knowing the economy is shit, makes a $300,000,000 tax increase(im not lieing) and also makes a "stimulus" package. GREAT for big government REALLY FUCKING AWFUL for the private sector. do some research you dumb fucktard.
I place economy among the first and most important virtues, and public debt as the greatest of dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt. If we run into such debts, we must be taxed in our meat and drink, in our necessities and in our comforts, in our labor and in our amusements. If we can prevent the government from wasting the labor of the people, under the pretense of caring for them, they will be happy.
So how (apart from tone) is the Obama economic plan different.
We are reliving the Hoover-FDR era right now. An overspending stimulus-happy Republican is followed by an even more overspending stimulus-happy Democrat.
"We didn't admit it at the time, but practically the whole New Deal was extrapolated from programs that Hoover started. "
Another damn thing, he just cited Bush for increased government spending and stated "it didn't turn out so well."
When Bush was spending money the economy was ok until the collapse of the housing bubble and the subsequent bank failures. He's insinuating that the increased government spending was connected to the current downturn when the events are distinct.
I'm no fan of Bush and I don't think government spending is the "one and only" policy, but this guy reeks of politics not economics.
you can find on youtube some of the financial committee hearings from 2003-'04 i think when Congress was warned of the impending fanny mac disaster. they blew it off and said everything was fine and decided to increase the affordable housing goals => runaway housing spending (that's increased gov't. spending) => burst bubble and an economic crash. now the gov't. won't let houses fall to a 'natural' low, instead they keep pumping air into the bubble
The root cause is the Federal Reserve, supported by Washington political self-dealing. Without their negligent levering of money, the housing bubble could not have been created.
Greenspan used to talk about the "miracle of productivity growth" to explain unwarranted market market expansion. The expansion was instead from Federal Reserve money printing. There was no productivity increase. This was not the birth of another industrial age. Ethically and moraly bankrupt.
Of course it wasn't the overspending that tanked the economy. Mitchell's point is that if government spending was stimulatory we would be in the middle of a great period of prosperity, not the depression we are actually in.
A larger point is: Why do the Democrats lack consistency? If spending is great then they should love Bush as the father of the Obama economic plan just as they should praise Hoover for starting the programs that FDR would later refer to as the "New Deal".
This video assumes that the quantity of money is fixed, but government can increase the money supply and use that increase to finance economic growth.
This is especially effective in a deflationary spiral since the increased money supply/money velocity would lead to price increases and stabilization.
The reason inflation is stable despite the rapid monetary growth is that the number of times a dollar is spent in a year has been falling. People have been hoarding cash and not buying "stuff".
Once excess inventories are worked off and global commodity prices begin to rise again, inflation fears will come back quickly and people will rush to get rid of their dollars by buying "stuff". Unless the Fed can quickly extinguish all of the new money it has created, inflation will come roaring back.
Look up the meaning of the word "deflation" before you start insulting the intelligence of an economics graduate on his way to getting his masters.
In a deflationary spiral, prices can go down to a point that is below the cost/incentive to produce. This issue is much more dangerous than inflation because it attacks production head on.
Increasing the money supply can bring stabilization to price levels by increasing them and releasing deflationary pressure. It's increasing prices for a reason
An increased money supply (monetization, inflation) devalues the currency I already have. Inflation is a tax, primarily on the poor who see prices rise before they see the increased wages, that transfers purchasing power from the populous to the government.
Much of the recent "deflation" in many asset classes was actually a bursting of bubbles (housing, oil, other commodities) to reset prices toward their natural trends.
Dont you know that your owners are the same - the one percent richest people in your country. You have just got a government with a new flavour. Get out of your illusions and make a real change. Revolte.
Any liberals out there still want to defend the stimulus (spendulus)? Who would have ever thought the Communist Chinese would be in a financial position to lecture the US? Socialism has never worked and it wont work for the scumbag socialists now in power. Americans are finally waking up to the nightmare of Hussein Obama. His approval rating has dropped to 51% That means half the country is brain damaged.
His approval rating has dropped to 51% but a good part of the 49% would happily bring back big military republicans in office to spend whatever is left in new wars and bigger guns.
Just listen to any of the top 10 rated radio talk shows and you see most americans still dont get it. They will cheer Bush for cutting taxes and borrowing the difference from the chinese
This comment has received too many negative votesshow
We need income redistribution because 1% of the population now controls 33% of the wealth. That is disasterous for the economy in the long run, because lower and middle income Americans spend more than the rich. Did the policies of Reagan and Bush really put this nation on a firm footing? Are we really better off now that the Keynesian establishment has been destroyed? NO! Conservatives get a clue.
amazing, i could pay for college, but no that money is now going to pay for cranberry research half a continent away, god damn the stimulus, god damn obama, god damn the left wing
For some real, sophisticated and intellectual sincereness against this freakism look for Stiglitz or Krugman at "fora . tv". The so called T.I.N.A policies based on Mr. Friedman led us to crisis. ... and the well-known fellows and extraordinary Nobel prize-winners examine its failure!
every taxpayer could have had a $35,000. check instead of "stimulus". . .so far, all it has done is give ACORN census workers GPS units. . .2/3 od US GDP is consumer spending-that is 6-7 TRILLION DOLLARS.
if too much money are withdrawn from the circular flaw of income then an injection of money will stabilise the business cycle. But i have no clue on the state of america's economy so this may be wrong
The GOP has no credibility on the issue of fiscal responsibility. They want the American people to forget the eight years of the Bush Administration and the RECORD deficit under him. Interestingly enough, the GOP only became "concerned" about deficits on 1/20/09. ~Ban Coulter
"Im not saying their taxes should be increased, if the Prez or Senator X Or Judge Y earn money legally and unconnected to their public office...more power to them. I'm saying their public pay should be cut, from the top down."
The question that arises is "how much pay should be lost per politician". Perhaps instead of that, they should be paid monthly commissions proportional to their approval rating, with a base salary equal to the average salary in the region they represent.
In my new plan, illegal taxation evasion would involve reporting a smaller taxable base by:
I) Reporting payroll, dividends, and/or COGS above the actual value
II) Reporting revenue and/or retained earnings below the actual value
Excepting overstating dividends, all these actions to reduce the tax base illegally would also reduce the perceived value of the company, so no rational company would dare do any of things.
I think you forgot slashing the salaries of The federal Executive, Legislative and Judicial branches. Those who get paid the most will get the highest reductions.
I don't know if it would "stimulate" anything, but it would be nice to see those "in charge" actually give a shit and try for once some of the things private companies have to do in order to survive.
"Those who get paid the most will get the highest reductions."
Very rich people often find clever ways through the Income Tax system to avoid paying taxes at all. Therefore, they would not necessarily get the highest reductions.
Im not saying their taxes should be increased, if the Prez or Senator X Or Judge Y earn money legally and unconnected to their public office...more power to them. I'm saying their public pay should be cut, from the top down.
Over Easter weekend Obama ordered the Murder of 3 black muslim teenagers off the coast of Africa. These so-called "pirates" were just asking for some economic stimulus of their own. He's got $trillions for banks and tax cuts for "95% of working Americans".
I wanted to share something that might put the size of the US deficit in perspective. If USA was to pay $1 every second to pay down their debt it would go like this
$1,000,000 debt = 11 days
$100,000,000 debt = 3 years 61 days
$10,000,000,000 debt = 316 years 321 days
$1 trillion debt (like 2009's deficit) = 31688 years
The current US debt is 11.178 trillion which would require 354,226 yrs
Now obviously it would not take this long, I just wanted to shed some light on how big these numbers are!
he's been in office for three months, and he's already spent 4.2 trillion! thats 6x more than what bush spent!he's then going to raise our taxes to pay it off!fail.EPIC FAIL!!!he's ruining our economy!
are you ignorant or just dumb? that basically sums up the people on this thread. give obama some time, the guys only been in office for three months and you already have him under a microscope.
Ok well we have him under a so called "microscope" because $850 billion dollars is alot of money, plus obama has already in three months spent double what bush spent in 2006
This comment has received too many negative votesshow
Lol it doesnt matter how long he's been in office, kaynesian economics is a failure, it doesn't matter how long he is in office, a failed philosophy is a failed philosophy. Obama failed.
"Obama will save America" and even the children in foreign countries cheered. If Obama can't even read a history book, then he isn't going to save America. It's all been done before people, and Obamas just making it worse.
People are saying "Give Obama a chance before you judge him." Well, what about bush, did you give him that chance, no, and then the demodouches decide they want to blame everything when it was those fucks who were in the office in the last two years, those dickweeds want nothing on them, so they blame the shit out of bush, and if you ever see this barack obama, mister president, FUCK YOU! I HOPE YOU BURN IN HELL WITH MICKEY MOUSE AND A STICK OF DYNAMITE! BARACK-O-DICKWEED!
I like the truth.....just some people are to stupid to see it and swear up and down that Obama is going to save us all when he is doing what Hoover and rosivelt did but on a grander scale, which can only mean one thing. A grandy fail. at our expence.
Why can't they just let us spend our own money to stimulate the economy instead of taking our money and grand kids money? i can spend my money better then goverment any day, least I get what I want and what I need for me.
This guy does knkow what he is talking about. Smart guy. But on taxes, he is a liar.
He claims to want a "flat tax" which is as flat as Dolly Parton 44DDD, as flat as Dog the Bounty Hunter's wife, as flat as Pikes Peak.
Be real careful about liars. He wants NO tax on unearned income -- credit swaps, naked shorts, leverage buy outs, all the crap that got us in a mess. He wants that crap to pay NO taxes.
Then he has the balls to say thats a flat tax. Cause he would only tax work.
DONT TRUST he is tryna get evry 1 2 vote 4 him he only in the white house 2 get all da black people on da goverments side dont be fooled do crime be bad no joke or futcher is fucked
There's a video on the side for that >.> It's called "Moving beyond the fake stimulus: Reviewing policies that produce real growth"
And it's not like he really needed to do that, if you just think for two seconds the solution is pretty damn obvious >.> The solution? MAKE GOVERNMENT SMALLER
:notbad:
GreenDayAndres 1 month ago
The problems are quite simple:
1) You cannot charge someone who makes $50,000 a year $700,000 for a house, and then call it a "real estate collapse" when he can't afford it, and, doesn't buy it.
2) You cannot nickel-and-dime employees by exporting good-paying jobs overseas, and then letting them fight for the scraps of whatever low-paying jobs are left here at home.
3) You cannot hire one person to do the job of 3 people. This is just simple arithmetic, and will never work, not now, not ever.
ejdf870 5 months ago
This has been flagged as spam show
RON PAUL 2012 - Dr. Paul would be so much better! Vote this up so others can see!
trackdude85 5 months ago
This has been flagged as spam show
"The stimulus only stimulated Chris Matthews' leg." ---Congress of Racial Equality National Spokesman Niger Innis to Sean Hannity, Aug. 18, 2011
hookalakah 5 months ago
This has been flagged as spam show
SUPPORT RON PAUL!
skypilot805 6 months ago
Douchebag. This Guy would change nothing and either will Obama. At least Obama showed how corrupt it all is.
ianhowe007 7 months ago
I'm gonna be open here. I will vote for ANYBODY that isn't Obama. Be care fellow Americans. I am really thinking he is gonna change to an independent party. That's what democrats like to do. To try fool the American people. Obama has done nothing for this nation. Exept to implement what he wanted implemented. He wants to make the rich man , the blame for all of your problems.
BUT YET , he is one. The Obama family loves staying in 10,000$ a night hotels
If any of you want a good book to r
Middflapslap 7 months ago
The government is a greedy piglet that sucks on the tax payer's tit until they have sore chapped nipples.
lcromy 8 months ago
I think Obama will only have to slightly augment his slogan for his 2012 campaign...."YES WE CAN!!!!! do everything W did, and make it cost more".
Federalist306 9 months ago
of course democracy fails. how can 300million individuals evaluate the 300mil as a whole, especially when the checks against government over-riding the constitution failed.
it seems impossible to convince a majority that government isn't necessary. if people want to be slaves, let them be.
But mass tax avoidance would be good for those that know a bit more about government. not as some kind of public stunt, but to legitimately get out of the system for those involved.
100CommonCents 10 months ago
FAIL! The economy was crashing at annualized rate of 6.4% in Q4 2008. In Q4 2009, it was expanding at annualized rate of 5%. The stimulus turned the economy around. You can debate how effective it was. Claiming that it was "bad for the economy" exposes you as someone not capable of seriously discussing the matter.
worldnewsbbc1 10 months ago
@zombiefitnezz The deflationary spiral is a theory, based on the paradox of theory. Theres a broad study done by the federal reserve of Minneapolis which concluded that the deflationary spiral doesn't exist. But you're right, deficit spending does not shift income. The inflation which follows can have a negative effect on consumption however, so the idea of a stimulus can be pretty self defeating.
FourOnSix713 11 months ago
@FourOnSix713 You are referring to Atkeson & Kehoe's 2004 paper. They didn't say what you claim. They said this:
"Deflation and depression do seem to have been linked during the 1930s."
Guess what? We were in a situation just like the 30s in 2008.
worldnewsbbc1 10 months ago
@worldnewsbbc1 What? It said there was no empirical link found between deflation and depression (the title of the study). The show only two instances out of over 100 where deflation and depression were linked, and they explain one of them away. The other one (The Great Depression) can be attributed to many factors outside of deflation. No, we were not in that same situation in 2008. Deflation always occurs during a credit crunch. You're confusing correlation and causation.
FourOnSix713 10 months ago
Truth is not something make up when needed - Truth is something that has already happened. Do you want truth about THEIR government? Something main street media will keep you from seeing in full “The Big Fix” patriot video by globalawareness shows truth take a closer look challenge it –I tried
411American 11 months ago
Its pefect 800,000 billion for 600,000 jobs that works out to 1.6 million per job ..why not just give out checks for 500,000 and we could save 50% of the spending ..policiticians wake up you bunch of corrupt crooks ..
a211pc 1 year ago
obama osama
amore101 1 year ago
Obama is a socialist and I am starting to think a Marxist. Government should NOT be in anything except for safety, and defending our constitution. what has driven our economy for the past hundreds years? PRIVATE SECTOR. BTW, how many people think that the constitution gives us our RIGHTS? FYI!!! The constitution does NOT give us our rights, but DEFENDS our rights already GIVEN to us.
voodoopoison 1 year ago
@voodoopoison Yeah yeah but you dont seem to convince that hes democratic on the socialism spectrum. The government's job is to maintain order and make sure their people are prosperous. "Private Sector" pssh yeah let them run education and you'll be paying $25,000/year for your child's elementary education. Look at Norway & Japan their gov't banned civilian ownership of guns and the result? Two of the safest countries in the world (along with discipline & a push for education of course).
Bronzecop 1 year ago
@Bronzecop Bullshit. Norway has 42 rapes last year all done by non-Western foreigners. They were safe because they had very little multiculturalism. Once more Turks and Somalians moved in they've been having plenty problems. Check your facts before you speak.
baller84milw 3 weeks ago
@baller84milw Are you fuckin retarded? I did "NOT" say "CRIMELESS". Oh yeah but Western Europeans still commit rape wher ever they go, its in their blood; pick up a history book. Northern & Central Europeans on the other hand know how to act properly in this world.
Bronzecop 3 weeks ago
@Bronzecop You're dumb as hell. Norway is Northern Europe. And what about Turkish crime. Oh, yea, and you might want to check the headlines, 7 dead in gang shootings in Malmo, Sweden, right on the border with Denmark. Know what you're talking about before you try to make an example and a point out of it on unsuspecting people.
baller84milw 3 weeks ago
@baller84milw Looks like dumbass who doesnt know how to read just found out Norway was in North Europe, good job repeating what I just fuckin said. You must think that Scandanavia is more dangerous & less safe than most parts of the world. XD LMAO!!! I know you're trying to blame all of the Non-European foreigners for the crime, but when you look at the Scandanavian prisons; almost of the prisoners are European & a lot of them are in there for White-Collared crime which worse than violent crime.
Bronzecop 3 weeks ago
@Bronzecop Another lie. 3/4 of their prison population is Muslims (Magrehbis, Turks, Iraqis, Pakis, Somalians etc.). Same goes for Germany and France. Lol, please just stop, you have no idea what you're talking about, and the more you talk the more you reveal how little you know. Clearly you've never been there. I hope you don't try to "bless" other people with your pseudo-knowledge of European society. Or maybe you just like bending facts to fit your argument, hmmm.......
baller84milw 3 weeks ago
@baller84milw After all what is said, theres one thing you wont mention. The population thats not in prison. I love how people like you focus on such a small group of individuals that do bad things & try to categorize the entire population as trouble makers. Get this through your head stranger. "That Tool Is Not Working As Well Anymore". But I love how you try to twist the fact that, Norway is the safest nation in the world. 7 dead..Shit lol. You how many thousands die in the U.S. a day?
Bronzecop 3 weeks ago
@Bronzecop Lol. The only thing I generalized is where the majority of their crime comes from. I love how people like you love to compare how "safe" a city is to the worst places in the world....."It's not as bad as the Gaza Strip, so I don't think its that bad...." Bull shit. Compare it the 70s. Compare that to the 60s. Look at it now, with more increased immigration. Look at the reports, that state the race of the criminals. What more do you need? You are in denial. PERIOD.
baller84milw 3 weeks ago
@baller84milw At least you admitted you're using that tool lol. But when I mention white collared crime you completely ignore me & go straight back to violent crime. So you rather be at the Gaza Strip than be in a nation accepting of foreigners, go right on ahead. If you wanna prove your point just put up a legitamate website in your next post, you xenophobe.
Bronzecop 3 weeks ago
@Bronzecop WhadDafux? I see reading and comprehension aren't your strong suit.
baller84milw 2 weeks ago
@baller84milw Oh little racist cheese dick has no sources to prove his point & fails at assasinating someone's character XD LMAO ROTF!!!! Maybe I should start trolling on Western Europeans & their bloody history, but there is no need for that. Your inability to do basic research is more than enough to suffice.
Bronzecop 2 weeks ago
This has been flagged as spam show
Here is how world economics should be:
1. Create world Policy to regulate corporations.
2. Educate the people so that they can lead.
3. The people will now work to better country.
4. We will begin farming and agriculture.
5. Food and shelter is all we need.
heartlessvietboy 10 seconds ago
heartlessvietboy 1 year ago
Ok there was no obama massive spending increase, spending has gone up 1.8% in real per capita terms in the time obama has been in office. So saying the stimulus failed in stupid as there was none.
thecomputergurukid 1 year ago
I wanna see this guy debate Michael Moore
ssahagun1 1 year ago
Today at school, I pointed out the spending on wifi.. Everybody laughed lol this stimulus is a very bad idea
MusiQKisLiPHe 1 year ago
I am afraid that the stimulus plan not only failed (based on the unemployment rate as of 10/10), but put us $900B more in debt. I think the national debt is a serious issue. Once the Fed can not longer keep our bond yields artificially low, the interest payments on the debt will crush future budgets. I recommend "Why We Are In So Much Debt" for a succinct explanation of our monetary problem.
69vmac 1 year ago
told everybody just to stick with the white dude -.-
jeffhardyrulez900 1 year ago
why dont these assholes tackle the REAL issue? the REAL issue is the rothchilds(est worth 500 TRILLION) and queen of england(admitted est. worth 14bln+) plus 150, TRILLIONAIRE central bankers who have ravaged america and destroyed the US Constitution(the amoral and un-Constitutional "patriot act"). doesnt matter who is in US presidential office, the rothchilds will see to it they tow the line or else. look what happened to kennedy. americans are SO jerry springer clueless its sickening
MrHarry46 1 year ago
God! It makes you want to scream, and cry and not wake up the next day. How can such smart people like Dan and others, not be in charge of this country? Everybody would benefit from a better Economy! Indeed! We're all in a nightmare, where the demented-inmates are running the asylum. Dan Mitchell for president. Please...
robertquentincobb 1 year ago
lets close on a semi cheerful note; even if you are a retarded fuck, Obama's economic plan will end up saving this nation and therefore helping complete idiots just like yourself. On behalf of all the mentally sick patients at the Center for Freedom and Prosperity thanks for watching and as always we understand that we no nothing of economics. Please help spread the message of liberty.
slicktheflash 1 year ago
@brendannyc28 If you knew how it works he wouldnt have to show proof. Look into it yourself man and good luck.
585ian585 1 year ago
The 3 worst presidents in the history of this country. Hoover, FDR, Carter and soon history will be judging Obama as one of the worst too. Bush Jr. followed Dodd and Frank and fell of the cliff as well. We need a Reagan. That's why I support Fred Thompson. A true conservative. If we could have 16 years of a Conservative president and Conservative house and senate? Jobs would be plentiful and the poor would be middle class. And Dems want the poor to stay poor. When the poor suceeds Dems lose.
SuperGuitarman69 1 year ago 6
The hope he stated at the end has fallen flat. The economy would've corrected itself if this administration would have left it at the "stimulus". Instead Obama has continued to tax more and spend more.
zerotowatch 1 year ago
What's next? A special program to get rid of dandelions in my lawn? :)
zonto22 1 year ago
@zonto22 Not in my backyard! Oh...wait a minute ;)
ConcordantMind 1 year ago
Interesting...so where was the Kato Institute 2 years ago...oh yeah, they had their head up the arse of GOP & dare not question Republican's style of big government spending.
And FYI, if I build a bridge that opens up a whole new town to trade I just increased the economy of my town...do the math.
Hopeful71 1 year ago
Why spend money on US when we could spend more money on wars. This video rocks. Not everyone should live longer than our war HEROS who kill those totally bad guys. The stocks are falling fast with Obama. Do not let that black guy win with wasteful spending!!!!!!!!!!!!!!!!!!!!!
triptows 1 year ago
This has been flagged as spam show
Even better!
Want less food poisoning? Stop eating
Want less misstakes made by doctors? Dont seek medical
Want to spend less money on gas? Stop driving to work every single day
You dont want to vacuum so often? Dont enter your own home
You want to be screwed by big corporations? Dont use your tax-funded government-controled legal systems
You don't want democracy? Dont vote
You want Anarchy? Remove your GOVERNMENT!
The government is your democratically elected representatives! A civilization!
Nasse13 1 year ago
This has been flagged as spam show
This man is working for the CATO institute, formed by the multi-billionaire KOCH family. He doesn't want to help people, he wants to F the middle class and poor.
The KOCH family has paid hundreds of millions in enviornmental fines, because it's cheaper than to do the right thing. They want the rich to rule and stay rich forever. Know who you are listening to. THE EVIL KOCH FAMILY!
indigo11274 1 year ago
@ComradeCorwin you say you are a Communist. That makes you out of touch and unrealistic. Communism has failed. It doesn't work. Period.
PersifMeowington 1 year ago
YOu mean "Communism" like some African Cultures still practice where 20 or so families work together to farm the land and the whole community have a majority say on matters concerning the comminity in forum?
Or are you speaking of FOrmer U.S.S.R that was a Socialist Bueracracy where government owned/controled everything or CUba which is a Facist Dictatorship where1 person in Governemt tells businesses what to do?
China is a Hybrid of Dictatorship,Socialisim,and Facisim...not "communisim"
TheRealArchAngel 1 year ago
oh my god. any1 watching this, and nodding as if it makes sense if numb from knees and up.
selvmordspilot 1 year ago
I want to simply point out at this point that the guy who is pro-KKK's comment about "UGLY NIGGER" got more positive reviews on this site than my comment about government spending did. That shows who I am talking and who are attracted to this sort of ideology, doesn't it? I mean, you all could have given it thumbs down, but you didn't...
shadowcii, the government is supposedly representative, and there is far more to our government and documented foundation than that simple paragraph.
ComradeCorwin 2 years ago
deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it,
The entire layout of our government is supports these mission statements.
A Certain fascist oligarchy, would dissagree.
By the way... :hapiness = property in the context of these documents.
shadowcii 2 years ago
@shadowcii
Do you honestly know what fascism is? I am quickly becoming tired of people throwing the word "fascism" around however to suite their whim. Like it is some kind of debating cop out.
ComradeCorwin 2 years ago
"Fascism ought to be called corporatism because it is the combining of government and corporate powers"-Mussolini
shadowcii 2 years ago
whats your hard-on with me anyways? What is it about what I write that you take exception with? Is it my idea of individualism, self reliance, and governments role in protecting our rights? What gives? you a communist, socialist, fascist?
shadowcii 2 years ago
@shadowcii
A "hard on"? That's vulgar. No, I actually don't see you as anymore important than the other people I take the time to debate each day on matters of philosophy and ideology. You simply replied to my comment and I responded. My responce was big so I broke it up into several parts.
I am a Communist, actually. I'm no utopian, so don't let this fact lead you to believe that I am out of touch or unrealistic.
John Locke's theory shaped the Virginia state constitution. Not vice-versa.
ComradeCorwin 2 years ago
Lol, go tell your mommy government that I was being vulgar then.
Property rights are the keystones of all rights, and the reason why communism will not, can not function.
You decided to break up one long comment into several different comments? It sure seems like you got wet trying to answer all my assertions.
shadowcii 2 years ago
@shadowcii
The right to secede from the union is a very heavily debated topic, one which I find it hard to come to one belief or another. I think that if a state were to want to govern itself as its own country, seperate from our federal government that it should have that ability, but I also find that that ability could lead to petty devisive problems that will tear this nation apart for no logical reason.
ComradeCorwin 2 years ago
Interesting...
1. The states do govern themselves
2. Freedom is is logical reason
When you say "tear this nation apart, what is your fear exactly?" The continent called north america would shake and rumble apart? The human beings would lose their minds and anarchy would ensue? Or the Federal government would collapse? I dont understand.
shadowcii 2 years ago
@shadowcii
And, no, that section of "life, liberty and the persuit of happiness" eliminated the word "land" or "property" because there was a dispute amongst our founding fathers of whether or not the government should monitor and regulate property ownership. "hap[p]iness = property" only applies to John Locke's quote, "no one ought to harm another in his life, health, liberty, or possessions."
ComradeCorwin 2 years ago
It origninated from the virginia declaration of rights section one,"Section 1. That all men are by nature equally free and independent and have certain inherent rights, of which, when they enter into a state of society, they cannot, by any compact, deprive or divest their posterity; namely, the enjoyment of life and liberty, with the means of acquiring and possessing property, and pursuing and obtaining happiness and safety."
shadowcii 2 years ago
@shadowcii
One thing I do fear is many bickering republics loosely attempting to maintain order, resource imports/exports and still military presence like that of the government found from Articles of Confederation instead of the unifying federal government we have today. If a state secedes, what will it be? Another pitifully small nation, lacking the resources to continue. I also fear another civil war.
ComradeCorwin 2 years ago
We hold these truths to be self evident, that all men are created equal, that they are endowed by their creator with certain UNALIENABLE RIGHTS... -- That governments are instituted among men to SECURE THESE RIGHTS...
(I capitalized to show the connnection)
Force the government to live up to its charter.
shadowcii 2 years ago
i love how if you dont like obama you are a racist.....and that race card is played out obama is half black half white.....but you dont talk about the half white side do you...........
Blk05titan26 2 years ago
This comment has received too many negative votes show
Mr. Obama is the best president this country has ever had and that is a fact. Only a racist would talk badly about him. Its time the black man gets are share and Obama is going to give it to us. Stay strong my brothers our day is here
VoiceOfReason61 2 years ago
seems to me like you're the one inducing racism, it doesn't just go one way buddy.
And not that its important, but I've met white people that are blacker than Obama lol
zer01ife 2 years ago
@zer01ife I'm sioux and I'm darker than him.
goodall77 2 years ago
Define "blacker"
guccuk 1 year ago
a cliche of how black people tend to act....also a darker tone of skin than the previous.
zer01ife 1 year ago
@VoiceOfReason61 Dumbass I'm native American and we have not got ours yet so get in line and Obama is the same as the rest he lies.
goodall77 2 years ago
@VoiceOfReason61 This just shows what their definition of racism really is. Its disagreeing with black people and not making statements that are derogatory or demeaning racial statements.
Therefore when Clinton said that 8 years ago Obama would be getting us coffee isn't racist or Reid Negro dialect comments aren't racist because they didn't make black people angry... But disagreeing with Obama is racist...
davidmesaaz 2 years ago
man just get that money builder machine and just get more uhh yeah money and give it to people SIMPLE!
ShAdOw116789 2 years ago
And then the value of the dollar and inflation rockets making America a poor country please if you have no knowledge do not comment! Do yourself a favour
guccuk 1 year ago
UGLY NGIGER
iHateTheNiggersGoKKK 2 years ago
You make many good points, however your rhetoric is abhorant (using the words "liberty" to cultivate listeners) as to lead the blind nationalists. I believe the government is bloated because it is poorly organized. Social welfare and public services are absolutely necessary with our population and needs, but the amount of spending that takes place in the United States is unusually high. Probably because we are too used to privilage. The government is only fairly representing our habits.
ComradeCorwin 2 years ago
how do you figure the government is fairly representing our habbits?
The government has a single purpose, to protect human beings unalienable rights.
All the rest is garbage.
shadowcii 2 years ago
No... The government is for stability, power and money. Read some history and develop some cognitive thinking skills, then you might realise that too.
MoonHoplite 2 years ago
@MoonHoplite
I know you're joking but some people actually think like that. They think the people exist to further the government! They're crazy. They put a big pitch on people saying how they must give up their rights for the betterment of all. CRAZY!
Thankfully our framers made no bones about what government is for...
"We, the People of the State of California, grateful to Almighty God for our freedom, in order to secure and perpetuate its blessings, do establish this Constitution"
shadowcii 2 years ago
This guys voice is annoying.
doriftospec 2 years ago
just like obama's dumbass ideas
ModestBandit 2 years ago
Government never retracts, they only spend more. Big Government is regressive, you pay, but never back, unless you're A: Welfare Slug, B: Government Employee. Each year of spending (at the current rate) will take 10 years to pay back, therefore if the Government were required to adhere to the same standards as private individuals & public corporations, Government must reduce spending by 90%. Instead Congress & this Administration intentionally spend us into bankruptcy: "Cloward - Piven Strategy"
tutorturtle 2 years ago
Yeah so after we get out of the economic thing then we should go to that stuff.
personperson666 2 years ago
Taxes are good when paying roads and schools and stuff like that but when paying off big companies it sucks. I'd ratheir it paying for good stuff.
personperson666 2 years ago
Hmm..................80 million AMERICAN jobs or a fix a few pot holes on your road, I think I know who I'll I choose.
BurntDogProductions 2 years ago
can you read a said AFTER we get out of the economic crisis then i want it to go back to other stuff...
personperson666 2 years ago
For fantastic, reliable articles in our fight for liberty, check out w w w thenewamerican (.com).
nalejbank 2 years ago
This has been flagged as spam show
I have made economy very simple...watch my videos and find out how you can pay 0% taxes...and....it's LEGAL!
thetaxwizards 2 years ago
besides the money will come back to the government through the money multiplier. The economy will recover . However there is a price to pay as and the price is inflation!!
m3assab 2 years ago
i think that this video is great some how. but truly if we look at what are the component of the GDP, which is a basic measure of a country's economic performance, it justifies Obama's spending policies. GDP= private consumption + gross investment + government spending + (exports − imports).
so if C is low and I is low to so we need to increase government spending to try to balance the equation. However the results are not instant .
m3assab 2 years ago
Wow, I'm fucking pissed off that the government and shit thinks they can handle todays problems without looking into the past and at our failures in history.
Just like my grandparents always said,"Learn from your past mistakes"
Wow our country, the us, will probably be fucked with this big fucking corrupt government. I swear, I think the pursuit of life, liberty, and happiness has no meaning at all anymore...
Patriotfrosh15 2 years ago 17
@Patriotfrosh15 - i'm fucking pissed off that you aren't in drug rehab like linsey lohan
slicktheflash 1 year ago
France and Hongkong, okay, but compare Sweden and Japan. Economy isn't that simpe.
CrackerXZ 2 years ago
Obama" If we don't pass this bill now 6 months from now we will lose millions of more jobs". Guess what Obama it's six months later and we've lost millions of more jobs you FUCKING IDIOT !!!!!!!!!!
decentdad 2 years ago 27
@decentdad lol. I know the comment's old, but it was pretty good. lmao :)
ConcordantMind 1 year ago
its blows my mind how people can't see how the free market is so much better than socialism. i just can't understand how people can be so stupid.
DaveC86 2 years ago 7
its the new voters mostly.
SFxTAGG3 2 years ago
How about Obama on Steroids.
NavySealGuy1989 2 years ago
Back in 74 when Ford took over office I bet some Americans were laying blame him on for some of the country's problems that Nixon created. Well history repeats itself Obama's taking the heat for what former President Bush created. Bush is the one that created this economical disaster, not Obama. I think that we should go to Crawford, Texas with ropes, torches, and telescopic rifles and wipe that bastard Bush off the face of the Earth.
DammitItsJammin 2 years ago
This comment has received too many negative votes show
I can see your point now. The more I think about it the madder I get about taxes and everything else going up and making college harder to get into. I also think thats another reason why Texas wants to leave the union because of those Federalists being behind most of this. I give Obama credit, at least he tried.
NavySealGuy1989 2 years ago
OK the reason why the economy is so bad right now is that companies in the 90's were getting loans off of ppl they KNEW could not pay them back, that was a few years before Bush was elected. Then Obama knowing the economy is shit, makes a $300,000,000 tax increase(im not lieing) and also makes a "stimulus" package. GREAT for big government REALLY FUCKING AWFUL for the private sector. do some research you dumb fucktard.
SFxTAGG3 2 years ago
I place economy among the first and most important virtues, and public debt as the greatest of dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt. If we run into such debts, we must be taxed in our meat and drink, in our necessities and in our comforts, in our labor and in our amusements. If we can prevent the government from wasting the labor of the people, under the pretense of caring for them, they will be happy.
- Thomas Jefferson
lovehaightorg 2 years ago
Bush on steroids.... what an idiot...
ersatzlogic001 2 years ago
So how (apart from tone) is the Obama economic plan different.
We are reliving the Hoover-FDR era right now. An overspending stimulus-happy Republican is followed by an even more overspending stimulus-happy Democrat.
"We didn't admit it at the time, but practically the whole New Deal was extrapolated from programs that Hoover started. "
-Rex Tugwell, FDR "brain trust"
groberts1776 2 years ago
Another damn thing, he just cited Bush for increased government spending and stated "it didn't turn out so well."
When Bush was spending money the economy was ok until the collapse of the housing bubble and the subsequent bank failures. He's insinuating that the increased government spending was connected to the current downturn when the events are distinct.
I'm no fan of Bush and I don't think government spending is the "one and only" policy, but this guy reeks of politics not economics.
getnbusy2nite 2 years ago
what changed to make the housing bubble burst?
you can find on youtube some of the financial committee hearings from 2003-'04 i think when Congress was warned of the impending fanny mac disaster. they blew it off and said everything was fine and decided to increase the affordable housing goals => runaway housing spending (that's increased gov't. spending) => burst bubble and an economic crash. now the gov't. won't let houses fall to a 'natural' low, instead they keep pumping air into the bubble
1978RDC21 2 years ago 2
The root cause is the Federal Reserve, supported by Washington political self-dealing. Without their negligent levering of money, the housing bubble could not have been created.
Greenspan used to talk about the "miracle of productivity growth" to explain unwarranted market market expansion. The expansion was instead from Federal Reserve money printing. There was no productivity increase. This was not the birth of another industrial age. Ethically and moraly bankrupt.
TiredOldFart 2 years ago 3
Of course it wasn't the overspending that tanked the economy. Mitchell's point is that if government spending was stimulatory we would be in the middle of a great period of prosperity, not the depression we are actually in.
A larger point is: Why do the Democrats lack consistency? If spending is great then they should love Bush as the father of the Obama economic plan just as they should praise Hoover for starting the programs that FDR would later refer to as the "New Deal".
groberts1776 2 years ago
This video assumes that the quantity of money is fixed, but government can increase the money supply and use that increase to finance economic growth.
This is especially effective in a deflationary spiral since the increased money supply/money velocity would lead to price increases and stabilization.
getnbusy2nite 2 years ago
The reason inflation is stable despite the rapid monetary growth is that the number of times a dollar is spent in a year has been falling. People have been hoarding cash and not buying "stuff".
Once excess inventories are worked off and global commodity prices begin to rise again, inflation fears will come back quickly and people will rush to get rid of their dollars by buying "stuff". Unless the Fed can quickly extinguish all of the new money it has created, inflation will come roaring back.
NewMexicoSunset 2 years ago 2
that makes no sense if you increase the supply of money then prices will go up so where is the change in the econ. ? you just do not understand it
numbnumb12 2 years ago
Look up the meaning of the word "deflation" before you start insulting the intelligence of an economics graduate on his way to getting his masters.
In a deflationary spiral, prices can go down to a point that is below the cost/incentive to produce. This issue is much more dangerous than inflation because it attacks production head on.
Increasing the money supply can bring stabilization to price levels by increasing them and releasing deflationary pressure. It's increasing prices for a reason
getnbusy2nite 2 years ago
An increased money supply (monetization, inflation) devalues the currency I already have. Inflation is a tax, primarily on the poor who see prices rise before they see the increased wages, that transfers purchasing power from the populous to the government.
Much of the recent "deflation" in many asset classes was actually a bursting of bubbles (housing, oil, other commodities) to reset prices toward their natural trends.
FrickinLaserBeam 2 years ago 2
Dont you know that your owners are the same - the one percent richest people in your country. You have just got a government with a new flavour. Get out of your illusions and make a real change. Revolte.
prebenso 2 years ago
Any liberals out there still want to defend the stimulus (spendulus)? Who would have ever thought the Communist Chinese would be in a financial position to lecture the US? Socialism has never worked and it wont work for the scumbag socialists now in power. Americans are finally waking up to the nightmare of Hussein Obama. His approval rating has dropped to 51% That means half the country is brain damaged.
kcufmalsi 2 years ago 4
His approval rating has dropped to 51% but a good part of the 49% would happily bring back big military republicans in office to spend whatever is left in new wars and bigger guns.
Just listen to any of the top 10 rated radio talk shows and you see most americans still dont get it. They will cheer Bush for cutting taxes and borrowing the difference from the chinese
uche007us 2 years ago
This comment has received too many negative votes show
We need income redistribution because 1% of the population now controls 33% of the wealth. That is disasterous for the economy in the long run, because lower and middle income Americans spend more than the rich. Did the policies of Reagan and Bush really put this nation on a firm footing? Are we really better off now that the Keynesian establishment has been destroyed? NO! Conservatives get a clue.
hoodoo961 2 years ago
You're way off base.
johnisfun 2 years ago
so we're setting unemployment and government spending records, that's better in the long run? NO! Liberals get a clue
Reaganwannabe 2 years ago 2
We can easily pro-test.......or did the goverment already take that right away?
ooops....clinton did it again!
Unkn0wnMaster 2 years ago
amazing, i could pay for college, but no that money is now going to pay for cranberry research half a continent away, god damn the stimulus, god damn obama, god damn the left wing
TheCapitalistamerica 2 years ago
i agree with u!
ImportsAreBetter 2 years ago
This has been flagged as spam show
For some real, sophisticated and intellectual sincereness against this freakism look for Stiglitz or Krugman at "fora . tv". The so called T.I.N.A policies based on Mr. Friedman led us to crisis. ... and the well-known fellows and extraordinary Nobel prize-winners examine its failure!
schnacker77 2 years ago
obama says NO about being president
obama says NO about canidates
obama says NO about people from NJ
obama says NO about you
obama says NO about everyone who likes him
copy/paste this if you say NO about obama being president to 10 other obama videos
MISSblanK0 2 years ago
P R O S T I T I C I A N S
every taxpayer could have had a $35,000. check instead of "stimulus". . .so far, all it has done is give ACORN census workers GPS units. . .2/3 od US GDP is consumer spending-that is 6-7 TRILLION DOLLARS.
stimulus just feeds pigs at the trough.
wolfgangfaust 2 years ago
Dan Mitchell for President 2012
bigsmallfish 2 years ago
if too much money are withdrawn from the circular flaw of income then an injection of money will stabilise the business cycle. But i have no clue on the state of america's economy so this may be wrong
TheoCy 2 years ago
he's right, obama's hypocritical ass politician... regardless of what race he is..
ChenJunHung 2 years ago
let's vote for this guy in the next election. he's amazing!
jedineltis 2 years ago
I agree.
TerryRay02 2 years ago
This has been flagged as spam show
The GOP has no credibility on the issue of fiscal responsibility. They want the American people to forget the eight years of the Bush Administration and the RECORD deficit under him. Interestingly enough, the GOP only became "concerned" about deficits on 1/20/09. ~Ban Coulter
mavrek47 2 years ago
this shit i dont have to listen to this guy qhile i can watch betetrvids onb u tube
redsox01234 2 years ago
this shit
redsox01234 2 years ago
1.6 million to put handrails in the slum projects in my tiny city
JawsJaws 2 years ago 2
wow. they think that putting up handrails will save the economy huh? let's have a moment of silence for the government's stupidity. :(
jedineltis 2 years ago
"Im not saying their taxes should be increased, if the Prez or Senator X Or Judge Y earn money legally and unconnected to their public office...more power to them. I'm saying their public pay should be cut, from the top down."
The question that arises is "how much pay should be lost per politician". Perhaps instead of that, they should be paid monthly commissions proportional to their approval rating, with a base salary equal to the average salary in the region they represent.
kmarinas86 2 years ago
In my new plan, illegal taxation evasion would involve reporting a smaller taxable base by:
I) Reporting payroll, dividends, and/or COGS above the actual value
II) Reporting revenue and/or retained earnings below the actual value
Excepting overstating dividends, all these actions to reduce the tax base illegally would also reduce the perceived value of the company, so no rational company would dare do any of things.
kmarinas86 2 years ago
Solution to the crisis:
* Take payrolls, personal income, and dividends out of the tax base.
* Deduct payrolls, personal income, and dividends from the tax base of a value added tax.
* Institute a consumption tax with a rate equal to the value added tax (17%).
This will:
* Encourage greater investment in labor, consumer, and dividend capital
* Encourage insourcing
* Promote a tax rate lower than FairTax rate
* Increase the value of the American workforce
* Increase returns on pension funds
kmarinas86 2 years ago
I think you forgot slashing the salaries of The federal Executive, Legislative and Judicial branches. Those who get paid the most will get the highest reductions.
I don't know if it would "stimulate" anything, but it would be nice to see those "in charge" actually give a shit and try for once some of the things private companies have to do in order to survive.
kev3d 2 years ago
"Those who get paid the most will get the highest reductions."
Very rich people often find clever ways through the Income Tax system to avoid paying taxes at all. Therefore, they would not necessarily get the highest reductions.
kmarinas86 2 years ago
Im not saying their taxes should be increased, if the Prez or Senator X Or Judge Y earn money legally and unconnected to their public office...more power to them. I'm saying their public pay should be cut, from the top down.
kev3d 2 years ago
give me some more thumbs down... {it will hep you win the fight}
slapthecheeta 2 years ago
This has been flagged as spam show
Over Easter weekend Obama ordered the Murder of 3 black muslim teenagers off the coast of Africa. These so-called "pirates" were just asking for some economic stimulus of their own. He's got $trillions for banks and tax cuts for "95% of working Americans".
bootlegpreacher 2 years ago
I wanted to share something that might put the size of the US deficit in perspective. If USA was to pay $1 every second to pay down their debt it would go like this
$1,000,000 debt = 11 days
$100,000,000 debt = 3 years 61 days
$10,000,000,000 debt = 316 years 321 days
$1 trillion debt (like 2009's deficit) = 31688 years
The current US debt is 11.178 trillion which would require 354,226 yrs
Now obviously it would not take this long, I just wanted to shed some light on how big these numbers are!
MYVCOAS 2 years ago
This comment has received too many negative votes show
haha you guys are funny... tell me some more BS please
slapthecheeta 2 years ago
Tell, me how that is bull? or better yet, tell me what isn't. I'd appreciate more than an opinion please.
JoKeR4085 2 years ago
he's been in office for three months, and he's already spent 4.2 trillion! thats 6x more than what bush spent!he's then going to raise our taxes to pay it off!fail.EPIC FAIL!!!he's ruining our economy!
i hope he gets impeached!
mia1i5h0u5 2 years ago
Yea, don't all EDUCATED people hope he'll get impeached.
JoKeR4085 2 years ago
Comment removed
productionsofOK 2 years ago
are you ignorant or just dumb? that basically sums up the people on this thread. give obama some time, the guys only been in office for three months and you already have him under a microscope.
slapthecheeta 2 years ago
Ok well we have him under a so called "microscope" because $850 billion dollars is alot of money, plus obama has already in three months spent double what bush spent in 2006
BarryJrStudios 2 years ago
Comment removed
productionsofOK 2 years ago
this is so funny... haha you think you know what your talking about
slapthecheeta 2 years ago
This comment has received too many negative votes show
Lol it doesnt matter how long he's been in office, kaynesian economics is a failure, it doesn't matter how long he is in office, a failed philosophy is a failed philosophy. Obama failed.
masflojo 2 years ago
This has been flagged as spam show
This man has NEVER been touched by a woman he has not paid for. He is a lonely, lonely man!
"Obama wants to be Bush on steriods" REALLY? You are comparing Apples and Oranges genius.
partridg34 2 years ago
If you paid attention, you would know that he meant that Bush increased spending, and that Obama wants to spend even more.
Kumosabe 2 years ago
Does it hurt when you stuck your head so far up your ass and not even trying listen?
flynn2008 2 years ago
what does having been touchd by wemon have to do with any of this..really?
BarryJrStudios 2 years ago
Just remember when everyone was saying
"Obama will save America" and even the children in foreign countries cheered. If Obama can't even read a history book, then he isn't going to save America. It's all been done before people, and Obamas just making it worse.
Iwent2Jared 2 years ago 2
People are saying "Give Obama a chance before you judge him." Well, what about bush, did you give him that chance, no, and then the demodouches decide they want to blame everything when it was those fucks who were in the office in the last two years, those dickweeds want nothing on them, so they blame the shit out of bush, and if you ever see this barack obama, mister president, FUCK YOU! I HOPE YOU BURN IN HELL WITH MICKEY MOUSE AND A STICK OF DYNAMITE! BARACK-O-DICKWEED!
demondog45 2 years ago 2
The good news is, the economy will bounce back.
The bad news is, Obama will get all the credit for it because the media couldn't say anything bad about him if their lives depended on it.
Kumosabe 2 years ago
I like the truth.....just some people are to stupid to see it and swear up and down that Obama is going to save us all when he is doing what Hoover and rosivelt did but on a grander scale, which can only mean one thing. A grandy fail. at our expence.
Why can't they just let us spend our own money to stimulate the economy instead of taking our money and grand kids money? i can spend my money better then goverment any day, least I get what I want and what I need for me.
thepissedoffpotato 2 years ago
should have voted for mccain
or ron paul
MikeyisNinja 2 years ago 3
Fuck McCain!
RON PAUL ALL THE FUCKING WAY!!!
xXSCREWSTONEXx 2 years ago 3
Comment removed
12FlyMe 2 years ago
Comment removed
plougasnous 2 years ago
This guy does knkow what he is talking about. Smart guy. But on taxes, he is a liar.
He claims to want a "flat tax" which is as flat as Dolly Parton 44DDD, as flat as Dog the Bounty Hunter's wife, as flat as Pikes Peak.
Be real careful about liars. He wants NO tax on unearned income -- credit swaps, naked shorts, leverage buy outs, all the crap that got us in a mess. He wants that crap to pay NO taxes.
Then he has the balls to say thats a flat tax. Cause he would only tax work.
12FlyMe 2 years ago
This has been flagged as spam show
DONT TRUST he is tryna get evry 1 2 vote 4 him he only in the white house 2 get all da black people on da goverments side dont be fooled do crime be bad no joke or futcher is fucked
mcscarkid 2 years ago
This Guy knows what he's talking about
Laws are being made that don't need to be made
(Obama is bush on steroids)
edward8e 2 years ago 5
what? just a critique but no alternative? just spending is wrong and nothing else for a recourse. can I buy you a nice cup of STFU?
mandennis 2 years ago
with all this inflation and government spending you wont be able to afford it
Invirtuo 2 years ago 3
There's a video on the side for that >.> It's called "Moving beyond the fake stimulus: Reviewing policies that produce real growth"
And it's not like he really needed to do that, if you just think for two seconds the solution is pretty damn obvious >.> The solution? MAKE GOVERNMENT SMALLER
Kumosabe 2 years ago