Obama has said all along, no lobbyists in the WH. As of this week, we learn that the meetings with lobbyists have been taking place across the street from the WH. That's no joke.
@Neuromancer1970 This I buy. Lobbyists have WAY too much influence in Washington, and many Senators / Reps do "buy" a retirement plan with their support. I'm with you here.
@Neuromancer1970 Another point-- many Presidents are way more concerned with their LEGACY than with current problems. I guess that depends on their view of their role-- are they administrators or idealogues. A talented administrator gets things done within the system, and an idealogue tries to remake the system. Obama is no administrator, but a committed idealogue. I think a blend would be best.
@Neuromancer1970 Been a lot more than 6 months now.. Where's the recovery? "ReThuglican" Ronald Reagan inherited 16 percent inflation, 22 percent interest rates, and 70 percent marginal tax rates. He didn't twist and moan and fingerpoint like Obama. He understood that capitlism only succeeds when gov't gets the hell out of the way. Krugman is a tool, and Obama's motivators aren't related to recovery, but control... period.
Right! Left! Right! do your facist idealogical goose-step's and blame our problem's on your percieved enemy's. You arm chair economists, know exactly what's wrong, but really don't have a clue. And that's what the power people count on.
And can you please cut it with the BS about "deregulation"? All in all, there really hasn't been THAT MUCH bank and financial deregulation in the past 10 or 20 years that you can point to as a "cause" of the economic crisis. Glass-Steagal? Oh, please. I mean, MAYBE there's a slight chance it accelerated the crisis, but letting banks and investment firms do both kinds of jobs is not gonna cause a crisis. Why not just admit that economic idiots forced banks to give BAD LOANS as a reason?
The lost decade was precisely a result of the malinvestment of the trillions in silly stimulus packages in 1990s Japan. Only a fool wouldn't be able to see that and actually make such absurd claims as, "Japan didn't spend enough." I mean, how the hell can Obama ignore all the data against his economic position and claim that, in fact, it wasn't the stimulus but the lack of MORE stimulus, that caused the Lost Decade? How DOES this guy ignore real, hard data so easily?
Hell, Joe Biden and Obama didn't START misreading the economy now. The Left has been misreading the economy and taking all the wrong steps since the 1930s! When will they admit that they've been wrong all along, that government DOES NOT stimulate an economy? It never has and never will.
Growth is always due to the invisible hand. Adam Smith knew this, and he was alive 200 years ago!
Most people on the Left who keep up with this "deregulation" mantra just use it as an excuse to attack big business and Republicans. They don't wanna admit that they were on economics. So, rather than take responsibility for forcing banks to give an insane amount of bad loans to risky borrowers, they put 100% of the fault on Wall St. They absolve themselves of all responsibility. Every time a crisis happens, and a few workers or middle-class people are hurt, it's always "More regulations!"
Have the people who trot this "deregulation" or "more regulations, please" mantra ever stopped to think "Hmm, maybe we already have enough regulations. Perhaps we can't solve every little problem and create a utopia where no one is injured on the job EVER, and there's never a crisis, with more laws and red tape? Perhaps shit just happens"? No! And I bet you almost half the people who screamed "deregulation" don't even know what deregulations to point to! It was just a scapegoat.
Paul Krugman's a fucking idiot. He's not so much liberal economist as a liberal political tool masquerading as one. I mean, why is this moron STILL employed by Princeton? Can't they see what a dumbass he is? I'd fucking drop the minute I found out I was in one of his classes. I can only imagine the BS coming out of his mouth "Bush is responsible for all this economic turmoil. We had zero growth in his administration. The stimulus isn't big enough. Keynes was right, despite being proven wrong
The only people who still take Keynes seriously are economic liberals who don't wanna look like total fools preaching their big gov't, pro-tax agenda. So they trot out a "good economist" like Keynes in an attempt to prove that big government can stimulate the economy.
I mean, for god sakes, the stimulus "wasn't big enough"?? How the hell is $787 Billion "not enough"? That's a load of horse shit. Japan did 8 stimulus packages and trillions of dollars and it got them nowhere.
Bush bailed the bankers out and so did Obama, Bush used the NSA to spy on us and Obama is expanding it, Obama is protecting Dick Cheney by blocking release of his FBI interview about Valerie Plamme, Bush had secret prisons and Obama has secret prisons and incarceration for crimes you may commit, he said he wouldnt hire lobbyists and he has lobbyists stocked to the gills in his administration, he's gone back on every single campaign promise he has? made. he's half black, he's white too
Yes, and Obama hasn't done anything that he's said. You libs have been pacified. What happened to withdrawal from Iraq? What about anti-war? What about change? You've been duped.
Wow, you just said it was to small. Frickin' liberals, always looking to spend more money. The banks should have failed and the auto industry it's called a free market. When are the democrats going to call them selves socialists and republicans call hem selves fascists.
Like the Bush administration, Obama's is pinning its hope for economic recovery on "stimulus". Despite the fact that Bush's $168 billion stimulus package in early 2008 had no impact at all, Obama rammed a $787 billion stimulus bill through Congress without thinking. Now Obama is waiting anxiously for the "stimulus" to take effect. HA!
"Stimulus" is based upon the superstition that government borrowing and spending creates "demand". In reality, it does no such thing.
So the American government runs its economy like Mugabe's Zimbabwe.
My question is why it the US dollar is still regarded as world reserve currency ? Its going to 0 value every idiot world leader is propping the central bank up ?
No money supply no civilization its as simple as that.
The problem with the stimulus was that it was too big. I'm a moderate Democrat. and I would have voted in favor of the stimulus but it was too big. I don't have a problem with federal spending. I have a problem with too much federal spending. Which was in the stimulus.
Lots of true free-market economists predicted this crash years ago. Peter Schiff, Mark Faber, Ron Paul, Thomas Woods, Jim Rogers. They saw it coming before people even realized that there was a bubble. Perhaps we should listen to these people instead of moron economists like Krugman who supported & praised the inflationary measures of the FED and thought the housing bubble was a good idea!
liberal morons? what about the "war that would pay for itself, the second largest entitlement give away to the drug companies, or the first "stimulus" pandering checks last summer, or the first bailout last fall. one is a bad as another but unfortunately this president didn't start with a good economy and a surplus. fox viewer.
1.Good points overall but a couple of problems. The Bush administration did not start with a good economy and a surplus. Secretary of the Treasury Paul O'Neill tried to warn Bush before he got into office that we were in a recession and the surplus was imaginary. It was based on taking 2.3 trillion dollars out of Social Security and then putting 3 trillion back into to it and assumed that the industrial sector would continue to increase production at 60% a year when that was unsustainable.
surplus was real, and the money taken back from social security was after clinton added an additional 18 years solvency. NOW i will readily admit that BOTH parties have used SS as a giant IOU piggy bank. the "recession" that bush took over was a small blip on the map considering that from 94-99 was the largest growth in middle income since post 1945-1951. and if we recall bush immediatly took the surplus as an excuse to cut taxes to top 1 percent and threw the rest of us a bone.
They also did not count on working side by side with a bunch of cry babies who were not planning to contribute to anything what so ever... Not to mention they catered to the Republican party who thought it was to big and still bitch about it... Hell it took forever just to get them to admit we were in a recession.
First of all, the economy is in a recession because the prices of housing was too high.
We were supposed to let them fall, from an economic viewpoint as it was supposed to correct it's own value via free-market (people will buy them once again when the prices are low). Any stimulus during an economic bubble only causes it to inflate further, so the idea of a stimulus was never a good thing.
The only thing a stimulus going into the economy would do is cause the bubble to stagnate as people will have more money to reinvest into a bad investment.
You should retake Macro Economics, more money means there will be more money in circulation which artificially raises price levels.
The housing bubble should not be re-inflated, it will just lead to another crash like the one we are in now. Housing is GREATLY overpriced. Even though housing prices have fallen, they need to fall further. They need to return to normalcy.
what I'm more worried about is, it will cause people to invest into another hype.
This all started with the tech bubble some several years ago. Tech stocks were inflated to the point they would pop and people thought to search for a new investment. The government gave out a stimulus then and whatever investments they were looking for, had been found in real-estate. Now, this bubble we have today was far worse than the tech bubble as it combines both, hype and inflation of our money supply.
Yeah that's the problem they donate heavy sums to both party candidates so that they come out the "real" winners no matter who wins. While the taxpayers get left holding the shaft.
I just find it a bit odd that the same banking institutions and CEOs who recieved billion dollar bonusues contributed to his campaign. This is the "change" we were led to believe in?
Obama has said all along, no lobbyists in the WH. As of this week, we learn that the meetings with lobbyists have been taking place across the street from the WH. That's no joke.
thexrayman50 1 year ago
@Neuromancer1970 This I buy. Lobbyists have WAY too much influence in Washington, and many Senators / Reps do "buy" a retirement plan with their support. I'm with you here.
testodude 1 year ago
@Neuromancer1970 Another point-- many Presidents are way more concerned with their LEGACY than with current problems. I guess that depends on their view of their role-- are they administrators or idealogues. A talented administrator gets things done within the system, and an idealogue tries to remake the system. Obama is no administrator, but a committed idealogue. I think a blend would be best.
testodude 1 year ago
@Neuromancer1970 I agree on some points. Most of the name calling is childish nonsense, except for the socialist label. That I buy.
testodude 1 year ago
@Neuromancer1970 Been a lot more than 6 months now.. Where's the recovery? "ReThuglican" Ronald Reagan inherited 16 percent inflation, 22 percent interest rates, and 70 percent marginal tax rates. He didn't twist and moan and fingerpoint like Obama. He understood that capitlism only succeeds when gov't gets the hell out of the way. Krugman is a tool, and Obama's motivators aren't related to recovery, but control... period.
testodude 1 year ago
This has been flagged as spam show
Joe Biden is a liar. Whoever believes him must be on crack.
CrushJehovah 2 years ago
Right! Left! Right! do your facist idealogical goose-step's and blame our problem's on your percieved enemy's. You arm chair economists, know exactly what's wrong, but really don't have a clue. And that's what the power people count on.
afferch 2 years ago
Joe and Barack crack me up. Their both a couple of silly little boys.
mrfunbro 2 years ago
And can you please cut it with the BS about "deregulation"? All in all, there really hasn't been THAT MUCH bank and financial deregulation in the past 10 or 20 years that you can point to as a "cause" of the economic crisis. Glass-Steagal? Oh, please. I mean, MAYBE there's a slight chance it accelerated the crisis, but letting banks and investment firms do both kinds of jobs is not gonna cause a crisis. Why not just admit that economic idiots forced banks to give BAD LOANS as a reason?
whoo689 2 years ago
The lost decade was precisely a result of the malinvestment of the trillions in silly stimulus packages in 1990s Japan. Only a fool wouldn't be able to see that and actually make such absurd claims as, "Japan didn't spend enough." I mean, how the hell can Obama ignore all the data against his economic position and claim that, in fact, it wasn't the stimulus but the lack of MORE stimulus, that caused the Lost Decade? How DOES this guy ignore real, hard data so easily?
whoo689 2 years ago
Hell, Joe Biden and Obama didn't START misreading the economy now. The Left has been misreading the economy and taking all the wrong steps since the 1930s! When will they admit that they've been wrong all along, that government DOES NOT stimulate an economy? It never has and never will.
Growth is always due to the invisible hand. Adam Smith knew this, and he was alive 200 years ago!
whoo689 2 years ago
Most people on the Left who keep up with this "deregulation" mantra just use it as an excuse to attack big business and Republicans. They don't wanna admit that they were on economics. So, rather than take responsibility for forcing banks to give an insane amount of bad loans to risky borrowers, they put 100% of the fault on Wall St. They absolve themselves of all responsibility. Every time a crisis happens, and a few workers or middle-class people are hurt, it's always "More regulations!"
whoo689 2 years ago
Here's the thing, people are fools for believing actions are always better than inaction. What a bunch of fools.
PerfectionObsessive 2 years ago
Have the people who trot this "deregulation" or "more regulations, please" mantra ever stopped to think "Hmm, maybe we already have enough regulations. Perhaps we can't solve every little problem and create a utopia where no one is injured on the job EVER, and there's never a crisis, with more laws and red tape? Perhaps shit just happens"? No! And I bet you almost half the people who screamed "deregulation" don't even know what deregulations to point to! It was just a scapegoat.
whoo689 2 years ago
Paul Krugman's a fucking idiot. He's not so much liberal economist as a liberal political tool masquerading as one. I mean, why is this moron STILL employed by Princeton? Can't they see what a dumbass he is? I'd fucking drop the minute I found out I was in one of his classes. I can only imagine the BS coming out of his mouth "Bush is responsible for all this economic turmoil. We had zero growth in his administration. The stimulus isn't big enough. Keynes was right, despite being proven wrong
whoo689 2 years ago
The only people who still take Keynes seriously are economic liberals who don't wanna look like total fools preaching their big gov't, pro-tax agenda. So they trot out a "good economist" like Keynes in an attempt to prove that big government can stimulate the economy.
I mean, for god sakes, the stimulus "wasn't big enough"?? How the hell is $787 Billion "not enough"? That's a load of horse shit. Japan did 8 stimulus packages and trillions of dollars and it got them nowhere.
whoo689 2 years ago
This.
wrxbungle 2 years ago
obama is the best bush sucked ass and cheeny had hit squads and was a nazi obama still has 3+ year to get america away from facism
nationalsroc 2 years ago
more like 3+ years to keep rocketing toward it...
wrxbungle 2 years ago
Bush bailed the bankers out and so did Obama, Bush used the NSA to spy on us and Obama is expanding it, Obama is protecting Dick Cheney by blocking release of his FBI interview about Valerie Plamme, Bush had secret prisons and Obama has secret prisons and incarceration for crimes you may commit, he said he wouldnt hire lobbyists and he has lobbyists stocked to the gills in his administration, he's gone back on every single campaign promise he has? made. he's half black, he's white too
RomeoMD25 2 years ago
Joe is doing no one any good by saying anything. This problem child is in his second childhood.
rollsthepaul 2 years ago
That´s what happens when being moderate and bipartisan comes before doing the right thing.
qanazir 2 years ago
fools
mapleloaf67 2 years ago
How dare you be honest and admit fault Joe?! YOU NEED TO LIE LIKE THE REPUGS DO!!
IndiMusicLover 2 years ago
he likes like a politician...what did you expect? or do you blame all the worlds problems on just one party? probably, therefore you need not reply
borntotroll 2 years ago
Yes, and Obama hasn't done anything that he's said. You libs have been pacified. What happened to withdrawal from Iraq? What about anti-war? What about change? You've been duped.
Kujien 2 years ago
Amen
jjaaee 2 years ago
Wow, you just said it was to small. Frickin' liberals, always looking to spend more money. The banks should have failed and the auto industry it's called a free market. When are the democrats going to call them selves socialists and republicans call hem selves fascists.
Kujien 2 years ago
Like the Bush administration, Obama's is pinning its hope for economic recovery on "stimulus". Despite the fact that Bush's $168 billion stimulus package in early 2008 had no impact at all, Obama rammed a $787 billion stimulus bill through Congress without thinking. Now Obama is waiting anxiously for the "stimulus" to take effect. HA!
"Stimulus" is based upon the superstition that government borrowing and spending creates "demand". In reality, it does no such thing.
B.O. blew it outrageously!
Zile77 2 years ago 3
So the American government runs its economy like Mugabe's Zimbabwe.
My question is why it the US dollar is still regarded as world reserve currency ? Its going to 0 value every idiot world leader is propping the central bank up ?
No money supply no civilization its as simple as that.
boots920 2 years ago
"not big enough?"
The problem with the stimulus was that it was too big. I'm a moderate Democrat. and I would have voted in favor of the stimulus but it was too big. I don't have a problem with federal spending. I have a problem with too much federal spending. Which was in the stimulus.
bart11114 2 years ago
Lots of true free-market economists predicted this crash years ago. Peter Schiff, Mark Faber, Ron Paul, Thomas Woods, Jim Rogers. They saw it coming before people even realized that there was a bubble. Perhaps we should listen to these people instead of moron economists like Krugman who supported & praised the inflationary measures of the FED and thought the housing bubble was a good idea!
printo69 2 years ago
Comment removed
PerfectionObsessive 2 years ago
All you liberal morons should take your mouths off of Obama's dick for a minute, and realize that Biden is actually the smart one!
One is dumber then the other!
BombasticBobby 2 years ago
liberal morons? what about the "war that would pay for itself, the second largest entitlement give away to the drug companies, or the first "stimulus" pandering checks last summer, or the first bailout last fall. one is a bad as another but unfortunately this president didn't start with a good economy and a surplus. fox viewer.
sidplicity 2 years ago
1.Good points overall but a couple of problems. The Bush administration did not start with a good economy and a surplus. Secretary of the Treasury Paul O'Neill tried to warn Bush before he got into office that we were in a recession and the surplus was imaginary. It was based on taking 2.3 trillion dollars out of Social Security and then putting 3 trillion back into to it and assumed that the industrial sector would continue to increase production at 60% a year when that was unsustainable.
PASMdude 2 years ago
surplus was real, and the money taken back from social security was after clinton added an additional 18 years solvency. NOW i will readily admit that BOTH parties have used SS as a giant IOU piggy bank. the "recession" that bush took over was a small blip on the map considering that from 94-99 was the largest growth in middle income since post 1945-1951. and if we recall bush immediatly took the surplus as an excuse to cut taxes to top 1 percent and threw the rest of us a bone.
sidplicity 2 years ago
They also did not count on working side by side with a bunch of cry babies who were not planning to contribute to anything what so ever... Not to mention they catered to the Republican party who thought it was to big and still bitch about it... Hell it took forever just to get them to admit we were in a recession.
Smartassawhip 2 years ago
First of all, the economy is in a recession because the prices of housing was too high.
We were supposed to let them fall, from an economic viewpoint as it was supposed to correct it's own value via free-market (people will buy them once again when the prices are low). Any stimulus during an economic bubble only causes it to inflate further, so the idea of a stimulus was never a good thing.
PerfectionObsessive 2 years ago
The economy went into a recession for many reasons. Had it not been for the stimulus we would be in a horrible situation right now.
Smartassawhip 2 years ago
The only thing a stimulus going into the economy would do is cause the bubble to stagnate as people will have more money to reinvest into a bad investment.
You should retake Macro Economics, more money means there will be more money in circulation which artificially raises price levels.
PerfectionObsessive 2 years ago
You are correct sir!
The housing bubble should not be re-inflated, it will just lead to another crash like the one we are in now. Housing is GREATLY overpriced. Even though housing prices have fallen, they need to fall further. They need to return to normalcy.
printo69 2 years ago
what I'm more worried about is, it will cause people to invest into another hype.
This all started with the tech bubble some several years ago. Tech stocks were inflated to the point they would pop and people thought to search for a new investment. The government gave out a stimulus then and whatever investments they were looking for, had been found in real-estate. Now, this bubble we have today was far worse than the tech bubble as it combines both, hype and inflation of our money supply.
PerfectionObsessive 2 years ago
great point
morelltechyahoocom 2 years ago
every single one!
MISSBEBEBLUE 2 years ago
Goldman-Sachs donated to Obama's campaign $994,795
Citigroup donated $994,795
JP Morgan donated $695,132
Morgan Stanley donated $514,881
It seems like Wall Street donated quite a bit to Obama's campaign and yet people are suprised Biden "misread" the economy?
Kapan60 2 years ago
Yeah that's the problem they donate heavy sums to both party candidates so that they come out the "real" winners no matter who wins. While the taxpayers get left holding the shaft.
gentlebutch 2 years ago
Obama's campaign cost 800 million -- THAT'S "quite a bit." These sums were mere ante up amounts in the game.
liz1060 2 years ago
I just find it a bit odd that the same banking institutions and CEOs who recieved billion dollar bonusues contributed to his campaign. This is the "change" we were led to believe in?
Kapan60 2 years ago
Haha, Joe Biden.
cool2girl27 2 years ago
first rating 5 stars
Oddrob13 2 years ago
SECOND...WOW
ThereAreNoSpoonz 2 years ago
FlRST OMG
manhattanwombat 2 years ago