How Can You Help The Economy By Getting RID Of Jobs!!!...And How Can You Help The Economy When You Spend $2 Billion Dollars Of Money We DON'T Have On WAR....And Give Tax Cuts To The RICH...How Will This Budget Do Anything But Ruin Lives...
Nice going American another fucking Nazi Nigger thats hates this country just as much as the scumbag voters do. You fucking morons can get ready for hell Pay back a Bitch
@SamDeRe81 Peter Schiff, like Ron Paul, talks in very broad brush strokes. Usually - at least as far as I can see - it doesn't mean much... at least to anyone remotely clued in. Its ideology, plain and simple... not real analysis...
@pilkingtonphil Listening to those guys have allowed me to actually gain wealth instead of losing it over the past 3 years. And I've eliminated nearly all of my debt. The simple broad strokes they suggest work because they understand what wealth and money is.
@sirellyn It's not very difficult to make money rather than lose it as long as you're not too vague. You'd probably have made money if you'd listened to Keynesian financiers too - like Warren Mosler or Yves Smith (they're both doing pretty well - and they'd be of the same bent as Baker).
The point is that just because someone knows something about personal finance doesn't mean they have a clue about macroeconomics. Schiff and Paul are a case in point...
@pilkingtonphil With macroeconomics especially I find the logical disconnect with keynesian policy outstanding. There is simply no concept for how carefully money is spent. As if throwing it out a window was as useful as a sound investment. And currency inflation is measured by comparison with other fiat currencies?
I wish I could argue that way with speeding tickets. No officer I wasn't going 120mph I was only going 40mph! (Faster than the 80mph car beside me.)
@sirellyn Nice analogies... pity they're just that... analogies... Keep thinking in analogies though... but don't expect people to respect your argument...
@pilkingtonphil I do my finances very carefully every month. I can tell you specifically that there is inflation despite government reporting. I've used the governments own numbers to calculate GDP, and have had my numbers fact checked by a number of others. Gov #'s are all far off, John Williams of shadowstats is actually correct.
The analogy is apt. Tracking inflation by comparing fiat currencies really is comparing two relative speeds.
@sirellyn Hehehe... we weren't talking about inflation you wacky mofo... Anyway, I'm sure the lizards are eating your thoughts and the fed are posoining the water (or whatever), but I don't talk to people who can't communicate properly with others...
@pilkingtonphil We were talking about how I can't take keynesian macro economics seriously, and one major pillar was a lack of understanding about inflation. Which you seem to demonstrate quite well.
I have no idea what "lizards" have to do with any of this.
Keynesian graphing and charting analysis for very short term stock shifts are actually useful. Not always accurate but useful.
It's just lunacy we are listening to it for macro economics.
@sirellyn One more thing, I checked 'shadowstats' - which appears to me not to be wholly reputable - but your John Williams's claims on inflation don't seem to indicate rising inflation. He pegs the figure higher, sure, but the trends he projects mirror the government's own.
He also predicted hyperinflation... in 2010. He's an idiot and a charlatan... Anyone who swallows this is just searching for the 'facts' they want to find to vindicate their worldview.
@pilkingtonphil I just check his site as well, he currently lists inflation about 8-9% which sounds about right, given my own bills. I've had to crunch the BLS numbers twice now (and get findings checked). He was right both times and the last one was in 2009, when we were supposed to be in deflation.
I'm not going to do it again to satiate your ignorance.
Either do it yourself, or at least look at the farmers bureau basket of goods and ask why it follows inflation exactly up until 1980.
@sirellyn You have a very hard time listening to what other people say, you know that?
As I already said, the stats on that site don't indicate that inflation is rising any faster than in the standard CPI. Also, the author is an apocolyptic crazy who said there would be hyperinflation in 2010. He's the economic equivalent of a Christian who believes the four horsemen are coming - he was also entirely wrong in his batshit predictions.
@periechontology Hyperinflation can only take place under exceptional circumstances. Usually it requires a severe physical loss of productive capacity (in Weimar Germany: the occupation of the Ruhr Valley - in Zimbabwe the seizure of the farms and their distribution to incompetents). Without this you won't get hyperinflation - simple as.
Anyway, people have been predicting hyperinflation for years. And they're ALWAYS wrong. This goes back to after WW2 - 115% debt... no hyperinflation. Duh!
@sirellyn "There is simply no concept for how carefully money is spent. As if throwing it out a window was as useful as a sound investment."
That's not true. That's like me saying that because capitalism allocated to much resources to housing, it can't decide which investments are sound (analogy again...).
Most Keynesians these days seek to reduce unemployment through job guarentee schemes that pay below the minimunm wage. So they don't interfere w/ investment... get a clue...
@pilkingtonphil I was talking about stimulus in particular. or "Shovel ready jobs". The assumption is simply by creating work (dig a hole, fill it back in again, repeat) it will provide the needed "cash-go-round" to give the economy a jump start.
If simply having people have more money worked, why wouldn't you give people a tax break or write a bunch of checks? It doesn't work of course. In fact I can't find a single historical example of this EVER working.
@sirellyn You REALLY have no idea about modern Keynesianism works. Modern Keynesians DO argue that giving people tax-breaks is effective. The 'shovel ready jobs' thing is a strawman - I'm not responding to that.
As for deficit spending projects that worked: WWII in the US; the Marshall Plan; the German Rentenmark program prior to the '29 collapse; Hitler's deficits for rearmament and building the Autobahns... shall I go on?
@sirellyn I always love that analogy - you can have 0% unemployment - just pay half the unemployed to dig a trench and when it is done pay them to fill it back in and repeat......Of course you end up with 0% productivity !
Dumbest thing I ever heard a politician say is Nancy Pelosi stating that every $1.00 spent on unemployment adds $1.29 to the economy ! What a brilliant plan!!! let's all go on unemployment !!
If he cares so much about programs, I suggest that he and Michelle turn the heat off in the Whitehouse and feed their family on the same budget for food the unemployed, underemployed and the uncounted must!
Is this just a political move to try and neuter the GOP position since most voters get their info. from press conferences than the actual literature?We have no idea what a budget will actually look like when and if passed but this seems far more about re-election than caring one tittle for us peons. What happened to his state of the union speech? I thought the Gov would control its spending but not on the backs of our countries most vulnerable.
I continue to be astonished by all the great jobs listings I see here in France and am applying like crazy. In my own nabe, which is atypical, a suburb outside Paris, unemployment dropped from 60% to 20% last year, still way too high but absolutely dramatic. I continue to chat with my neighbors here and many are back to work and there is a huge demand for cleaners and babysitters here now, it is just incredible. And in the USA, it all seems to be drying up and dying? Amazing.
@zoticus1 What do you think about China and Russia deciding in November to trade in local currencies? I really feel this was the tipping point. I am not sure about the euro but the economy seems to be doing okay in France where I live now. I am a bit troubled by our growth in GDP of 4% last year & it is already up another 1.5% this year. Germany was at 3.5% growth in GDP last year. I am trying to verify these figures. France still wastes a huge amountt on military.
so the stimulus wasn't the problem? It was that 1.2 trillion wasn't enough even though it surpassed the spending of all previous presidents combined? Who do they think they're fooling?
But hey at least he bailled out banks, kept trickle down economics and tax cuts for the rich, so everything is fine....for wallstreet. Keep up this kind of work and obama won't last another 4 years. Maybe Kucinich will be the next "change".
@doobtribe That should be interesting. I am from Cleveland, Ohio and he declared the city bankrupt in the 1970s when he was mayor. If he does this for the USA this could be fascinating. Are you noting the decoupling of the world from the USA? The GDPs of France and Germany are way up, 4% for the former last year and 3.6% for the latter. I've been expecting to hear a public declaration that the USA is bankrupt since 2008 and wonder why they just don't do it and get it over with.
of course! the poor should suffer when we need to cut spending, not the military, or unnecessary gov't spending. a better idea would be to cut the departments the bush regime created, for starters
Thats wonderful Obama, let's continue endless wars with ambigious enemies(war on drugs, Terror etc..) Let us not invest in our own economy, infrastructure, and education. Here's an idea, the Warsaw pact is dead...end NATO. Let's stop policing the world and we'll save trillions. Stop U.S. hand outs to all nations i.e., Pakistan, Egypt, Isreal etc... Stop the global welfare and we'll reduce our $60+ trillion deficit in half in ten years. Who am I kidding; what the hell, implode the dollar!!!
Just more crap from TRNN. No one can spend their way out of debt. Anyone who thinks the US can spend itself out of this mess is just as ignorant as Paul Jay and Dean Baker.As for me, I'd like to see more bureaucrats put out of work.
@bbburton Individuals cannot spend themselves out of debt because they cannot create money - governments can create money. So, at the very least we're talking about two different entities here. You need to be more specific - but my feeling is you don't really understand what you're talking about...
@pilkingtonphil Your understanding of where money comes from is certainly laughable. Do you really think money is what creates value? Do you really think deficit spending adds value to the dollar, and thereby makes for a stronger economy? If so, you just might not be as smart as a fifth grader.
@bbburton Money does come from the government - in the US it comes from the Fed/Treasury. Are you disputing this fact (note in advance that money and value are two separate things...)? So, tell me... are you saying that the US government does not have the ability to increase the money supply? Because that's what I said...
Hey Paul Jay, where is Doug Henwood and/or James Galbraith to tell us that deficits don't matter? They'd have half the unemployed digging ditches, and the other half filling them back up. That is their idea of sound economic policy.
@mphailey That's not really Galbraith's argument. He claims that deficits adjust to different economic circumstances. So, for him - and I'd tend to agree - if Obama makes the cuts, the deficit will actually increase due to what are called 'automatic stabalisers'. We see this happening in Britain and - where I live - Ireland at the moment.
The ditch thing is a joke by the way... but you know that. Strawman etc. Try understanding what you're talking about in future - just try...
The aquisition of power is more important than the sustainment of a walefare socoiety. It has always been and always will be about power. . this is comming from a person raised in NewYork city ghetto pertaining to the lowest income bracket. Through my own sacrifices and will power have i pulled myself out of the bottom of American society. It has always been this strugle that made America so great in the first place. There is nothing to gain from a walefare state.
Funny how they are willing to kill spending that helps the people in the US that need it and no talk of reducing international aid. People are starving and living in tents. The US has a child mortality rate similar to that of the 3rd world. There is a lot of waste in education but quality is low because wages are low. Why is anyone going to get 2 degrees and take on debt to end up working for 30k a year.
Now the great empire is tasting what third world countries 's been tasting for decades....what scares me most is that everytime there is a shift of power war follows...China India Russia Brazil.... where will it lead us ????????
It's a balancing act! Keep stealing from the citizens while trying to convince them that your puting the money (you just stole) to good use! They are not masters at lying, they are masters at keeping us chasing our tails!
We've had an economy supporting the rich and big business for decades. I don't see how this can fall on his shoulders. Reagan started and put our economy at full speed--- heading right towards a septic tank. It burst under Bush and now you're facing the reality: Big business/rich truly ran Washington.
So who's going to step up and primary this weakling of a president? I don't care how smart he is anymore...he is unable to stand on any principle...at least not any principle he ostensibly stood for when we voted him into office.
STOP GIVING TAX BREAKS TO THE RICH. STOP HANDING OUT CORPORATE WELFARE (ESPECIALLY TO FOREIGN COMPANIES). STOP RENTING OUT OR SELLING OFF PUBLIC LAND & RESOURCES. CUT THE LIVING DAYLIGHTS OUT OF THE "DEFENSE BUDGET." SNIFF OUT & FAIRLY TAX UNDOCUMENTED, OFFSHORE TAX SHELTERS. OUTLAW WALL STREET HEDGE FUNDS & PONZI SCHEMES. PROSECUTE WHITE COLLAR CRIMINALS. PROSECUTE CORRUPT POLITIANS. NATIONALIZE HEALTH CARE INSURANCE. TAKE GOOD CARE OF PUBLIC SERVENTS: TEACHERS, NURSES, FIREMEN, POLICE, ETC. .
George H Obama is really a Wall Street operative. He actually believes in the Darwin survival of the strongest mentality. The weak and poor will fall. What part of liberalism doesn't the majority of people understand. Here comes the cut and gut stealth genocide austerity measures.
Dear Mr President, Please pull your Neo-Con head out of your corporate run ass, put an end to the expensive wars and stop giving aid to Israel and other corrupt dictators. Yours sincerely, The dumb fuck that voted for you
A milllion here, a billion there, a trillon and zillion someplace else...just watch how the middle, lower and poor will become more desperate....but not the rich and military.
Obama is at the mercy of advisors at least as much as W. was. I think a good president has to be able to turn down advice at least as much as they heed it. He should have turned down Geithner's idea to ax Fannie Mae and Freddie Mac.
He is taking the progressive vote for granted and it sets a bad precedent for our voting block is we allow it. Rahm Emmanuel and Robert Gibbs both say we are dumbasses, I say they are dumb for securing only ONE TERM!
what a lying sack of crap.. he stutters over his words because he knows he is full of it and knows everyone else knows he is full of it too... change it back.
Any "reform" Obama has ever done has been so weak and half-assed that it effectively cancelled itself out from the start. He never learned the lesson that Machiavelli and so many other philosophers have taught: either go all out with a policy or don't bother with it in the first place. He tried to be a "moderate" and crashed and burned because of it.
More businesses keep closing and laying off - You want to cut the budget, Mr. President? STOP SENDING BILLIONS IN AID OVERSEAS. STOP SENDING BILLIONS OVERSEAS TO MAINTAIN ALLIES WHO WOULD OTHERWISE NOT GIVE US THE TIME OF DAY. We've got people living in tent cities here, losing their homes, unemployment based crime rising.
@TheAsfaloth Yeah even Gallup showed the manipulated BLS numbers to be a bogus 10%. Ever try explaining the difference between U3 and U6 to an American Idol fan? I deal with that every day lol.
'over 10 years'... so that one tenth this year?... and why should we pay for what the federal reserve has done?... it's a private company for crying out load... would you let 'Taco Time" do that to you? END THE FED. The are a printing company. WHY should the people pay for this?
well after all, america's first republican president was abe lincoln, paying tribute perhaps? lol after all, how many times has he mentioned his "favorite president"?
@restlys its not about whether our president is democrat or republican, but about if he's going to strip us of our rights or give us back our freedoms and follow the constitution.
@restlys Ron Paul has a real world strategy for fixing our economic woes before we become communist under Obama and his cronies....First and foremost, abolish the FED, back our currency with Gold, then start closing the 170 bases worldwide and bring those troops home....get us out of Afghanistan and Iraq...then we can start focusing on domestics....his gifts to the FED and these cuts are only going to raise unemployment and lower our standard of living even further....by design maybe? Hmmmmmm
@timo092601 Ron Paul is a very vague and deluded individual. You can see that very clearly in interviews. He engages in rhetoric and when asked about specifics he gets very confused. If you think Ron Paul's arguments are salient I suspect that you have equally lax critical faculties...
@timo092601 Ok first of all, in a different settings i would not care about our disagreement and would try to get bipartisan support from you on issues concerning the FED, and the 170 bases.
But in here....dude....by definition you cant have communism from the top. We cannot go back to the gold standard, ever. Ron paul will never get elected cuz altho right on some issues, hes fuckin insane on others.
And is it by design? Yes. There are nor repubs/dems. there is the elite, and the rest.
How Can You Help The Economy By Getting RID Of Jobs!!!...And How Can You Help The Economy When You Spend $2 Billion Dollars Of Money We DON'T Have On WAR....And Give Tax Cuts To The RICH...How Will This Budget Do Anything But Ruin Lives...
RetroTheSkywalker 11 months ago
@SamDeRe81 :We live on debt, its the way of our reality. But, it can't last forever.
jopalo31675 1 year ago
"The scariest word's in the world are: I'm from the government, I'm here to help"
Ronald Reagan - the Great
MetalDetroit 1 year ago
Nice going American another fucking Nazi Nigger thats hates this country just as much as the scumbag voters do. You fucking morons can get ready for hell Pay back a Bitch
WarDogLRS 1 year ago
@SamDeRe81 Peter Schiff, like Ron Paul, talks in very broad brush strokes. Usually - at least as far as I can see - it doesn't mean much... at least to anyone remotely clued in. Its ideology, plain and simple... not real analysis...
pilkingtonphil 1 year ago
@pilkingtonphil Listening to those guys have allowed me to actually gain wealth instead of losing it over the past 3 years. And I've eliminated nearly all of my debt. The simple broad strokes they suggest work because they understand what wealth and money is.
The value of what they know is demonstratable.
sirellyn 1 year ago
@sirellyn It's not very difficult to make money rather than lose it as long as you're not too vague. You'd probably have made money if you'd listened to Keynesian financiers too - like Warren Mosler or Yves Smith (they're both doing pretty well - and they'd be of the same bent as Baker).
The point is that just because someone knows something about personal finance doesn't mean they have a clue about macroeconomics. Schiff and Paul are a case in point...
pilkingtonphil 1 year ago
@pilkingtonphil With macroeconomics especially I find the logical disconnect with keynesian policy outstanding. There is simply no concept for how carefully money is spent. As if throwing it out a window was as useful as a sound investment. And currency inflation is measured by comparison with other fiat currencies?
I wish I could argue that way with speeding tickets. No officer I wasn't going 120mph I was only going 40mph! (Faster than the 80mph car beside me.)
sirellyn 1 year ago
@sirellyn Nice analogies... pity they're just that... analogies... Keep thinking in analogies though... but don't expect people to respect your argument...
pilkingtonphil 1 year ago
@pilkingtonphil I do my finances very carefully every month. I can tell you specifically that there is inflation despite government reporting. I've used the governments own numbers to calculate GDP, and have had my numbers fact checked by a number of others. Gov #'s are all far off, John Williams of shadowstats is actually correct.
The analogy is apt. Tracking inflation by comparing fiat currencies really is comparing two relative speeds.
I'm just sorry you can't comprehend that.
sirellyn 1 year ago
@sirellyn Hehehe... we weren't talking about inflation you wacky mofo... Anyway, I'm sure the lizards are eating your thoughts and the fed are posoining the water (or whatever), but I don't talk to people who can't communicate properly with others...
pilkingtonphil 1 year ago
@pilkingtonphil We were talking about how I can't take keynesian macro economics seriously, and one major pillar was a lack of understanding about inflation. Which you seem to demonstrate quite well.
I have no idea what "lizards" have to do with any of this.
Keynesian graphing and charting analysis for very short term stock shifts are actually useful. Not always accurate but useful.
It's just lunacy we are listening to it for macro economics.
sirellyn 1 year ago
@sirellyn One more thing, I checked 'shadowstats' - which appears to me not to be wholly reputable - but your John Williams's claims on inflation don't seem to indicate rising inflation. He pegs the figure higher, sure, but the trends he projects mirror the government's own.
He also predicted hyperinflation... in 2010. He's an idiot and a charlatan... Anyone who swallows this is just searching for the 'facts' they want to find to vindicate their worldview.
pilkingtonphil 1 year ago
@pilkingtonphil I just check his site as well, he currently lists inflation about 8-9% which sounds about right, given my own bills. I've had to crunch the BLS numbers twice now (and get findings checked). He was right both times and the last one was in 2009, when we were supposed to be in deflation.
I'm not going to do it again to satiate your ignorance.
Either do it yourself, or at least look at the farmers bureau basket of goods and ask why it follows inflation exactly up until 1980.
sirellyn 1 year ago
@sirellyn You have a very hard time listening to what other people say, you know that?
As I already said, the stats on that site don't indicate that inflation is rising any faster than in the standard CPI. Also, the author is an apocolyptic crazy who said there would be hyperinflation in 2010. He's the economic equivalent of a Christian who believes the four horsemen are coming - he was also entirely wrong in his batshit predictions.
pilkingtonphil 1 year ago
@pilkingtonphil O.k. you invest assuming that hyperinflation isn't coming and we'll see where you are in a few years. :)
periechontology 1 year ago
@periechontology Hyperinflation can only take place under exceptional circumstances. Usually it requires a severe physical loss of productive capacity (in Weimar Germany: the occupation of the Ruhr Valley - in Zimbabwe the seizure of the farms and their distribution to incompetents). Without this you won't get hyperinflation - simple as.
Anyway, people have been predicting hyperinflation for years. And they're ALWAYS wrong. This goes back to after WW2 - 115% debt... no hyperinflation. Duh!
pilkingtonphil 11 months ago
@sirellyn "There is simply no concept for how carefully money is spent. As if throwing it out a window was as useful as a sound investment."
That's not true. That's like me saying that because capitalism allocated to much resources to housing, it can't decide which investments are sound (analogy again...).
Most Keynesians these days seek to reduce unemployment through job guarentee schemes that pay below the minimunm wage. So they don't interfere w/ investment... get a clue...
pilkingtonphil 1 year ago
@pilkingtonphil I was talking about stimulus in particular. or "Shovel ready jobs". The assumption is simply by creating work (dig a hole, fill it back in again, repeat) it will provide the needed "cash-go-round" to give the economy a jump start.
If simply having people have more money worked, why wouldn't you give people a tax break or write a bunch of checks? It doesn't work of course. In fact I can't find a single historical example of this EVER working.
Once the money runs out, it stops
sirellyn 1 year ago
@sirellyn You REALLY have no idea about modern Keynesianism works. Modern Keynesians DO argue that giving people tax-breaks is effective. The 'shovel ready jobs' thing is a strawman - I'm not responding to that.
As for deficit spending projects that worked: WWII in the US; the Marshall Plan; the German Rentenmark program prior to the '29 collapse; Hitler's deficits for rearmament and building the Autobahns... shall I go on?
pilkingtonphil 1 year ago
@sirellyn I always love that analogy - you can have 0% unemployment - just pay half the unemployed to dig a trench and when it is done pay them to fill it back in and repeat......Of course you end up with 0% productivity !
Dumbest thing I ever heard a politician say is Nancy Pelosi stating that every $1.00 spent on unemployment adds $1.29 to the economy ! What a brilliant plan!!! let's all go on unemployment !!
MetalDetroit 1 year ago
@MetalDetroit That's not the argument. You don't know what you're talking about...
pilkingtonphil 11 months ago
this man is scum.
chi8cago 1 year ago
If he cares so much about programs, I suggest that he and Michelle turn the heat off in the Whitehouse and feed their family on the same budget for food the unemployed, underemployed and the uncounted must!
naomipinson 1 year ago
Is this just a political move to try and neuter the GOP position since most voters get their info. from press conferences than the actual literature?We have no idea what a budget will actually look like when and if passed but this seems far more about re-election than caring one tittle for us peons. What happened to his state of the union speech? I thought the Gov would control its spending but not on the backs of our countries most vulnerable.
swabianfool 1 year ago
I continue to be astonished by all the great jobs listings I see here in France and am applying like crazy. In my own nabe, which is atypical, a suburb outside Paris, unemployment dropped from 60% to 20% last year, still way too high but absolutely dramatic. I continue to chat with my neighbors here and many are back to work and there is a huge demand for cleaners and babysitters here now, it is just incredible. And in the USA, it all seems to be drying up and dying? Amazing.
slobomotion 1 year ago
STOP BEING A BUNCH OF FOOLS!!!
Its all about dollar hegemony and the rise of the euro,
sign 1 was 1999 when Saddam started trading oil in Euro's and the US did not want him to start a trend. Africa followed as well.
Euro directly challenged the dollar pre 2007,now its a weakened money from Greece via US financial Trojan horses.
Get a fucking clue people,its all about the Dollar vs Euro;economic warfare is here!
zoticus1 1 year ago 2
@zoticus1 What do you think about China and Russia deciding in November to trade in local currencies? I really feel this was the tipping point. I am not sure about the euro but the economy seems to be doing okay in France where I live now. I am a bit troubled by our growth in GDP of 4% last year & it is already up another 1.5% this year. Germany was at 3.5% growth in GDP last year. I am trying to verify these figures. France still wastes a huge amountt on military.
slobomotion 1 year ago
so the stimulus wasn't the problem? It was that 1.2 trillion wasn't enough even though it surpassed the spending of all previous presidents combined? Who do they think they're fooling?
wipemysmile 1 year ago
But hey at least he bailled out banks, kept trickle down economics and tax cuts for the rich, so everything is fine....for wallstreet. Keep up this kind of work and obama won't last another 4 years. Maybe Kucinich will be the next "change".
doobtribe 1 year ago
@doobtribe That should be interesting. I am from Cleveland, Ohio and he declared the city bankrupt in the 1970s when he was mayor. If he does this for the USA this could be fascinating. Are you noting the decoupling of the world from the USA? The GDPs of France and Germany are way up, 4% for the former last year and 3.6% for the latter. I've been expecting to hear a public declaration that the USA is bankrupt since 2008 and wonder why they just don't do it and get it over with.
slobomotion 1 year ago
of course! the poor should suffer when we need to cut spending, not the military, or unnecessary gov't spending. a better idea would be to cut the departments the bush regime created, for starters
marpoq 1 year ago
99ers are fucked right in the ass
mak7eye 1 year ago
Thats wonderful Obama, let's continue endless wars with ambigious enemies(war on drugs, Terror etc..) Let us not invest in our own economy, infrastructure, and education. Here's an idea, the Warsaw pact is dead...end NATO. Let's stop policing the world and we'll save trillions. Stop U.S. hand outs to all nations i.e., Pakistan, Egypt, Isreal etc... Stop the global welfare and we'll reduce our $60+ trillion deficit in half in ten years. Who am I kidding; what the hell, implode the dollar!!!
jopalo31675 1 year ago 6
Just more crap from TRNN. No one can spend their way out of debt. Anyone who thinks the US can spend itself out of this mess is just as ignorant as Paul Jay and Dean Baker.As for me, I'd like to see more bureaucrats put out of work.
bbburton 1 year ago
@bbburton Individuals cannot spend themselves out of debt because they cannot create money - governments can create money. So, at the very least we're talking about two different entities here. You need to be more specific - but my feeling is you don't really understand what you're talking about...
pilkingtonphil 1 year ago
@pilkingtonphil Your understanding of where money comes from is certainly laughable. Do you really think money is what creates value? Do you really think deficit spending adds value to the dollar, and thereby makes for a stronger economy? If so, you just might not be as smart as a fifth grader.
bbburton 1 year ago
@bbburton Money does come from the government - in the US it comes from the Fed/Treasury. Are you disputing this fact (note in advance that money and value are two separate things...)? So, tell me... are you saying that the US government does not have the ability to increase the money supply? Because that's what I said...
pilkingtonphil 1 year ago
Hey Paul Jay, where is Doug Henwood and/or James Galbraith to tell us that deficits don't matter? They'd have half the unemployed digging ditches, and the other half filling them back up. That is their idea of sound economic policy.
mphailey 1 year ago
@mphailey That's not really Galbraith's argument. He claims that deficits adjust to different economic circumstances. So, for him - and I'd tend to agree - if Obama makes the cuts, the deficit will actually increase due to what are called 'automatic stabalisers'. We see this happening in Britain and - where I live - Ireland at the moment.
The ditch thing is a joke by the way... but you know that. Strawman etc. Try understanding what you're talking about in future - just try...
pilkingtonphil 1 year ago
The aquisition of power is more important than the sustainment of a walefare socoiety. It has always been and always will be about power. . this is comming from a person raised in NewYork city ghetto pertaining to the lowest income bracket. Through my own sacrifices and will power have i pulled myself out of the bottom of American society. It has always been this strugle that made America so great in the first place. There is nothing to gain from a walefare state.
mma2death1 1 year ago
purposely mismanaged
visionseeker50 1 year ago
Funny how they are willing to kill spending that helps the people in the US that need it and no talk of reducing international aid. People are starving and living in tents. The US has a child mortality rate similar to that of the 3rd world. There is a lot of waste in education but quality is low because wages are low. Why is anyone going to get 2 degrees and take on debt to end up working for 30k a year.
Mahoivlich 1 year ago
And the ordinary citizens will bear the cost not the perpetratorsof this monstrous crime, they will get bonuses. Just like here in the UK.
vinnieg100 1 year ago
the real news: please get an economist that actually have a clue about the economy.
billychen13 1 year ago
@billychen13 See my previous post below
vinnieg100 1 year ago
The JOKER!!!!!!!!!!! HAHAHAHA
victorcintron1970 1 year ago
Now the great empire is tasting what third world countries 's been tasting for decades....what scares me most is that everytime there is a shift of power war follows...China India Russia Brazil.... where will it lead us ????????
UkCSantos 1 year ago
Hey! America did Egypt uprising inspired you?
usergently 1 year ago
Fuck you Barry!
usergently 1 year ago
Americans sit back and take it. He can't force the filibuster party to "play nice". Why aren't you protesting for it?
I just find it funny how everyone just posts comments on youtube nowadays and does nothing further.
"Well, I complained about the economy on youtube. My job's done here." *wipes hands*
donnyforte2 1 year ago
It's a balancing act! Keep stealing from the citizens while trying to convince them that your puting the money (you just stole) to good use! They are not masters at lying, they are masters at keeping us chasing our tails!
jerami101 1 year ago
No foreign aid cuts?? No wallstreet cuts?? No war spending cuts?? WTF??
roseagain2 1 year ago 4
We've had an economy supporting the rich and big business for decades. I don't see how this can fall on his shoulders. Reagan started and put our economy at full speed--- heading right towards a septic tank. It burst under Bush and now you're facing the reality: Big business/rich truly ran Washington.
donnyforte2 1 year ago
You guys should go to messenger@truthout.org watch videoby Richard Wolff.
vinnieg100 1 year ago
If he cared so much about community programs and the lower/middle classes he would tax the sh*t out of the rich or at least close tax loopholes.
But he won't, because Obama is bought and paid for.
Sympathies to the US people expecting "change" for the better.
MMicro99 1 year ago
So who's going to step up and primary this weakling of a president? I don't care how smart he is anymore...he is unable to stand on any principle...at least not any principle he ostensibly stood for when we voted him into office.
MarkRosengarten 1 year ago
On this issue, I'm not sure who is worse, the President or Dean Baker.
thisisbunk 1 year ago
No more local soups so we can pay for the guns and bullets needed to kill you when you are going to protest.
tubetib 1 year ago
@tubetib Would you like to place a order on our new bombs and bullets factory in China?
Zoink555 1 year ago
STOP GIVING TAX BREAKS TO THE RICH. STOP HANDING OUT CORPORATE WELFARE (ESPECIALLY TO FOREIGN COMPANIES). STOP RENTING OUT OR SELLING OFF PUBLIC LAND & RESOURCES. CUT THE LIVING DAYLIGHTS OUT OF THE "DEFENSE BUDGET." SNIFF OUT & FAIRLY TAX UNDOCUMENTED, OFFSHORE TAX SHELTERS. OUTLAW WALL STREET HEDGE FUNDS & PONZI SCHEMES. PROSECUTE WHITE COLLAR CRIMINALS. PROSECUTE CORRUPT POLITIANS. NATIONALIZE HEALTH CARE INSURANCE. TAKE GOOD CARE OF PUBLIC SERVENTS: TEACHERS, NURSES, FIREMEN, POLICE, ETC. .
FriedDaisy 1 year ago 2
It's not due to poor economic planning in washington, this is more about the failures of central economic planning.
Unkn0wnGuy 1 year ago
George H Obama is really a Wall Street operative. He actually believes in the Darwin survival of the strongest mentality. The weak and poor will fall. What part of liberalism doesn't the majority of people understand. Here comes the cut and gut stealth genocide austerity measures.
PigMine3 1 year ago
That's what you deserve for cheering the guy like he was a savior you idiots! You felt for that Obama publicity stunt like a bunch of 5 years old!
MustacheVerra 1 year ago
Dear Mr President, Please pull your Neo-Con head out of your corporate run ass, put an end to the expensive wars and stop giving aid to Israel and other corrupt dictators. Yours sincerely, The dumb fuck that voted for you
Toroa28 1 year ago
A milllion here, a billion there, a trillon and zillion someplace else...just watch how the middle, lower and poor will become more desperate....but not the rich and military.
davidperi 1 year ago
Looks like being a puppet is f#cking stressfull afterall... I mean just judging from the grey hairs anyways...
Good for that damn devil, if you side with those damned devils you deserve death!
Fuck AmerikKka! the whole continent!!!
mozadek1 1 year ago
Just another blood sucking Vampire.
workwillfreeyou 1 year ago
This has been flagged as spam show
Change we can believe in!
quickieshoup 1 year ago
Congratulations, fundietards. You got what you wanted.
Homer177 1 year ago
Obama is at the mercy of advisors at least as much as W. was. I think a good president has to be able to turn down advice at least as much as they heed it. He should have turned down Geithner's idea to ax Fannie Mae and Freddie Mac.
He is taking the progressive vote for granted and it sets a bad precedent for our voting block is we allow it. Rahm Emmanuel and Robert Gibbs both say we are dumbasses, I say they are dumb for securing only ONE TERM!
Dentonilluminati 1 year ago
what a lying sack of crap.. he stutters over his words because he knows he is full of it and knows everyone else knows he is full of it too... change it back.
navtel 1 year ago
Any "reform" Obama has ever done has been so weak and half-assed that it effectively cancelled itself out from the start. He never learned the lesson that Machiavelli and so many other philosophers have taught: either go all out with a policy or don't bother with it in the first place. He tried to be a "moderate" and crashed and burned because of it.
blackiron60 1 year ago
@blackiron60
It's a sad day when we can honestly say a president would be *less* bad if he listened to Machiavelli more closely.
tangent272 1 year ago
No mention of cuts to military spending?
Fast81Z28 1 year ago
wheres the money? we already owe 14 trillion... and we can't just tax more...
GodAthie 1 year ago
? so tell me when will shrink our debt? not out deficit?
GodAthie 1 year ago
I'm finding that I like this man more and more...Not so much in the start of his presidencybut now I see he is one of us...
2icebaked 1 year ago
obama works for Wall Street NOT YOU
marniespeaks 1 year ago
@marniespeaks Republicans or democrats, they're all corporate puppets.
boumar19721972 1 year ago 3
If you are young fight or head for Canada. Us elderly know we will need to bite it.
OurFadedGarden 1 year ago
More businesses keep closing and laying off - You want to cut the budget, Mr. President? STOP SENDING BILLIONS IN AID OVERSEAS. STOP SENDING BILLIONS OVERSEAS TO MAINTAIN ALLIES WHO WOULD OTHERWISE NOT GIVE US THE TIME OF DAY. We've got people living in tent cities here, losing their homes, unemployment based crime rising.
threadgillb 1 year ago
ermm 9% unemployment I think not, even I someone from the UK knows the U.S unemployment is near 20%
TheAsfaloth 1 year ago 2
@TheAsfaloth Yeah even Gallup showed the manipulated BLS numbers to be a bogus 10%. Ever try explaining the difference between U3 and U6 to an American Idol fan? I deal with that every day lol.
EndTheFedRes 1 year ago
so he cut domestic spending but funds two un-winnable wars WTF!!!!!!!!!
people are going to suffer over this and they use all thier power to hurt other people else where what retard
freedomsourright 1 year ago
'over 10 years'... so that one tenth this year?... and why should we pay for what the federal reserve has done?... it's a private company for crying out load... would you let 'Taco Time" do that to you? END THE FED. The are a printing company. WHY should the people pay for this?
InfiniteMischief 1 year ago
Cut the military budget by half, and you're saving at least $500 billion each year. But that's not what empires do.
dougjnesbitt 1 year ago
Obama is not any where near a republican. 40 billion a year for 10 years is a drop in the bucket. They might as well not even report this.
WilliamSchlott 1 year ago
Obama's a moron, not a bit of backbone or brain.
nilbud 1 year ago
Still waitin for that change you promised O .
BackToTheBus 1 year ago
It's like an old slap stick comedy where some poor sod is almost killed over & over again when the comedian rushes in to the rescue...
Stop helping us please....Just stop
IronicallyVague 1 year ago 20
Goverment cant print prosperity. Zimbabwe would be the place to be otherwise.
horlacsd 1 year ago
Obama is a Muslim republican.
DackIsBack 1 year ago
@DackIsBack Yeah occupying two Muslim countries and making war in several others. Real Muslin lover there.
youngbuck189 1 year ago
if there is another viable candidate that is not for conservatism I will vote for him .
bonnevie9 1 year ago
who would have thought that america's first black president would be a republican?
CentristRevolution 1 year ago 3
@CentristRevolution
well after all, america's first republican president was abe lincoln, paying tribute perhaps? lol after all, how many times has he mentioned his "favorite president"?
lives2live 1 year ago
@CentristRevolution - somebody said: the first black president will be a politician.
thisisbunk 1 year ago
Obama should go ! dont vote for him 2012 !
XpresloX 1 year ago
Hes such an awesome republican president
restlys 1 year ago 46
@restlys its not about whether our president is democrat or republican, but about if he's going to strip us of our rights or give us back our freedoms and follow the constitution.
mreisma 1 year ago
@mreisma No, its about whose or what interests he prioritize. As of now, none of yours or mine.
restlys 1 year ago
Comment removed
timo092601 1 year ago
@restlys Ron Paul has a real world strategy for fixing our economic woes before we become communist under Obama and his cronies....First and foremost, abolish the FED, back our currency with Gold, then start closing the 170 bases worldwide and bring those troops home....get us out of Afghanistan and Iraq...then we can start focusing on domestics....his gifts to the FED and these cuts are only going to raise unemployment and lower our standard of living even further....by design maybe? Hmmmmmm
timo092601 1 year ago
@timo092601 Ron Paul is a very vague and deluded individual. You can see that very clearly in interviews. He engages in rhetoric and when asked about specifics he gets very confused. If you think Ron Paul's arguments are salient I suspect that you have equally lax critical faculties...
pilkingtonphil 1 year ago 3
@timo092601 Ok first of all, in a different settings i would not care about our disagreement and would try to get bipartisan support from you on issues concerning the FED, and the 170 bases.
But in here....dude....by definition you cant have communism from the top. We cannot go back to the gold standard, ever. Ron paul will never get elected cuz altho right on some issues, hes fuckin insane on others.
And is it by design? Yes. There are nor repubs/dems. there is the elite, and the rest.
restlys 1 year ago
@restlys when he runs again on a "progressive" platform in 2012 everyone will again jump on his bandwagon. Sick and dumbed down.
chi8cago 1 year ago