This is a joke right? Two surveys of economists found that most economists thought the stimulus reduced unemployment (along with a similar petition with hundreds of economists for the stimulus)
But what did the stimulus actually do? Studies have shown that crowding out did not happen and unemployment went down both nationally, and states that got the most stimulus funds per capita had the best job growth.
@UBSCARED You're a LIAR! from 2003 to 2008 NPPTTL INCREASED from 107.6 MILLION to 114.5 MILLION, a 6.4% increase in the number employed. Learn how to read statistics you nitwit.
the government has to spend money to create jobs. that money comes from tax payers. those tax payers would have otherwise spent that money. that spending would have created jobs. (yes, printed money also is taking from tax payers)
so the question really is, who spends money better? the government who has 1000s of lobbyists, backed by corporations, begging for a share of the pie?
or the individual who has complete rights over what their own money on?
@100CommonCents The problem w/ur analysis is that it is INVESTING that creates wealth. We shouldn't acre about job creation because that's stupid: Please name for me any Private Enterprise created for the purpose of "creating jobs." Job creation is an ancillary aspect of creating or expanding an enterprise - unless it is a government enterprise, which is why allowing gov't to do a lot is stupid because they do things so inefficiently. I think ur saying the same thing I am but w/less clarity.
the government has to spend money to create jobs. that money comes from tax payers. those tax payers would have otherwise spent that money. that spending would have created jobs. (yes, printed money also is taking from tax payers)
so the question really is, who spends money better? the government who has 1000s of lobbyists, backed by corporations, begging for a share of the pie?
or the individual who has complete rights over what their own money on?
It is obvious that the govt cannot control its spending (Not just Obama but past administrations are equally as guilty). Sadly, something extreme like a civil war will have to happen to stop this madness....
My proposal on CUTS to govt spending are arts funding, foreign aid, and especially the war
The stance of no government? If we all took that stance, we'd end up being nothing more than the animals we hold ourselves superior to. Individuals would starve to death, be beaten, murdered, robbed, raped, die of sickness, and live in suspicion of their neighbors.
Civilization is what makes us human. And above all, GOVERNMENT is the key prerequisite to existing as a civilization.
At any rate, the stimulus is working. 162000 jobs made last month... hope you libertarians will sthu now, kay?
In the Chinese First Five Year Plan under Mao Zedong, 62.5% of industry was state owned, and the rest under joint public-private ownership, copying the Soviet-style economy which brought it into industrialization in short time.
Each year under that plan, annual industrial growth was 19%. And they think 10% GDP growth under market policy is great! And don't bother saying it didn't help workers; national income grew at a 9% annual rate!!
Hundreds of second rate economists? Oh well. Can't please everyone.
Look, right-wingers can ignore the successes of Keynesian economics all they want. But they're already, again, proving themselves to be superior to trickle-down-economics.
P.S. Big spending under Bush was a non-beneficial war and trickle-down-tax-cuts. Roosevelt, btw, got out of the Great Depression through government payment for soldiers to get four years of free college education. That's BIG GOVERNMENT SPENDING!
@nafaidni That is false. It was not just those policies, during and after world war two all the other nations industry was gone from the battles. The only national supplier left was the United States, this was a boost to our demand and our economy. Also, in order for Keynesian economics to work in the context of the latest problem, they must take money out of the financing sector via borrowing.
The Great Depression was already in its waning years by the time the war started. This was in part attributed to the New Deal. But again, the massive manufacturing capabilities the United States got from WWII was funded by the national government. If it were not for the national government's actions, the growth of Post-WWII America would likely not exist.
And they are not borrowing from this country so much as from others. So it is of no immediate cost to the economy.
@nafaidni The United States did not enter the war until late, all the rest of the world was fighting, so naturally the depression was falling out from our larger exports. I do agree that the government stimulus from the war helped alot, but you must look at it in the proper context, the new deal did not have anywhere near the effect that your are talking about.
Also, it does not matter that they got the money from other countries, we could have used that investment in the private sector.
Cutting taxes without cutting spending only increases the size of the government, prolongs, if not deepens, economic stagnation. Cutting taxes, and only cutting taxes, will only make things worse.
Shouldn't we always refer to them as "banana Republicans," not Republicans?
Who else but "banana Republicans" could support unlimited executive power, family dynasties (Duvaliers, Bushes), secret renditions to torture chambers, mercenary armies, 100-year wars, warrantless wiretaps, McCarthyite witch hunts, and the end of habeas corpus?
You'd have to want to live in a banana republic.
Forget the elephant, Republicans, here comes the chaquita!
Obama is doing what FDR did...changing the rules, and threatening private capital with confiscation. FDR made the 1930's into a Great Depression, and Obama is 2.0.
Government, elected and buros, need to be term limited...must go back to private sector for 4-8 years before they can get job in government.
Considering the amount of exposure the Cato Institute is getting with 'stimulus package' politics, how come the highest ranking of the videos is 27,000 and most others are a couple of hundred? Yet the channel has 'most subscribed' awards too?
How come vast numbers of intelligent, intellectual democrats are backing Obama on this?
Some things just aren't adding up. Am I missing something obvious?
Keynesian "Pump priming" or so called "Stimulus Packages" Failed in Japan in the 90s and now the debt is 170% of GDP. In 2007 the US Debt was 60% of GDP, and by the time Obama is done it will be over 200% of GDP
dumb ass -- Cato people have youtube vidoes out, you dumb ass, pushing for a "flat tax" on income.
Cato institute wants ONLY -- repeat you dumb ass -- ONLY income to be taxed. Only worker's income. They want all unearned income -- credit swaps, cap gains, inheritance -- untaxed.
Dude, you know nothing about The Cato Institute. No one should pay a tax on his earnings. Read a book before you spout.
The libertarian principle is simple. If it doesn't deprive me or anyone else of life, liberty or property, I don't care about it. If everybody adopted that stance, there would be far fewer entitlement minded idiots.
Well, see, in my view, your income consists of dollars. Currency, and the value and regulation thereof, are made by the GOVERNMENT.
So really, they're not depriving you of anything you didn't already get from them when they're taxing you.
If they didn't tax you, you wouldn't even earn a goddamned dollar! You'd be paid in eggs! And you'd be bartering for your television and internet in potatoes!
If that's the lifestyle you want; go ahead and be a libertarian. Don't ask for commie $.
@nafaidni So, in your world of circular logic, a government passes a legal tender law, enforces it through coercion, and that's a good thing? For the privilege of private money use, I should enjoy taxation and inflation of a currency the government mandated I use?
You presume that commerce would not exist without government. I say that commerce exists in spite of government. Currency is whatever people will accept as payment, not dollars. Dollars are a fiction, much like your education.
Yes, that would be a good thing. Force is a theoretical resort to when people cannot deal with their problems in a civil manner, and the less the right to use force is legitimately handed out, the better.
Again, if you thing that currency is anything people will buy, just try it. Ask your boss to pay you in precious metals. See if he agrees or if he tells you to go to hell and get back to work. And try trading silver to a local Safeway and see if they accept it.
And the government doesn't mandate you use their currency. It is simply so convenient that society no longer will accept anything else. That's simply the fault of the market for accepting the benefits of government-made currency.
Trust me, there is a reason no one barters anymore, despite what that Republican Senatorial candidate says. The wants and available goods of different people are often incompatible. Without a universal standard of wealth, commerce would be strained and limited.
@nafaidni Hmmm. Read the note: "This note is legal tender for all debts, public and private". If you owe me a dollar-denominated debt, I have no choice but to accept the "legal tender". I can try to write a contract where I insist on payment by other means, but Gresham's law ("the bad money drives out the good") works too well. If I insist on specie payment, then I'll have to accept less to compensate the buyer for his inconvenience in having to hunt up money with intrinsic value.
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What does the tax system have to do with financial bullshit?
Because that shit from financials is taxed little - - or nothing at all.
While work --ordinary income -- is taxed very high.
For years our tax code has rewarded bullshit financial maniplation -- and punished work and production.
God bless unearned income -- but our economy turned into a bunch of skimmers and bullshitters, not workers and producers. The tax code rewarded the bullshit, punished the work.
This is shit! Our kids are born with debt from silly administrations from both stupid, dynastic parties we have today. How can so many people believe this crap will work?? The system needs restructuring and we need more say in these affairs, not our "state reps"
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Cato institute has adored the tax system which rewarded bullshit -- leverage buy outs, credit swaps, nakes shorts, stock manipulation, hedge fund shorting -- etc.
Cato loved the tax system which STILL punished work and production, and rewards bullshit.
In fact, Cato lunatics want work - self employed, ordinary income -- to pay ALL the taxes, and unearned income to pay NONE.
12FlyMe, You're wrong. Cato favors getting rid of the income tax and the IRS and replacing it with a national sales tax. That means the government wouldn't tax hard work or productivity, but consumption. Also, without the capital gains tax, people would be allowed to save their money.
What does the "tax system" have to do with credit [default] swaps? What do you mean by "stock manipulation"?
Also, Cato is named after "Cato's Letters," a series of letters written by two British men.
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Be careful of Cato Institute if it tells you about a flat tax.,
Cato may be right on other things - I don't know. But on their "flat tax" they seem deceptive - in other words, lying.
The details are important - not the name,. I've seen them call a tax "flat" but its flat as Pikes Peak, flat as Dollly Parton, flat as Dog the Bounty Hunter's wife.
In other words -- not flat.
Whoever tells you they want a flat tax -- and oh, by the way, no tax on unearned income -- is a con artist.
I agree if our forefathers saw a need for a flat rate of taxation, they would have included it into the Constitution; however a Federal income tax is 100% illegal and not adhearing to the Constitution. Only individual States have the ability to tax one's income, NOT the Federal government.
God dammit, is it that hard for me to live a life without being robbed?
When 95% of the population wants something, and our STUPID politicians go against our words, isn't it common sense that they are getting orders from someone else?
This is not a conspiracy folks. It is happening RIGHT BEFORE OUR EYES.
This is the message I am feeling from our "leaders"...
"Follow us and get us rich, or we will drive this entire country into the ground"
I agree with this video. The market MUST be allowed to run its course without intervention. Capitalism is meant to reward success and punish failure. Those who have lost their jobs will have to find other ones. Those who have lost their homes will have to live with relatives. Those who can not eat will simply have to steal food. Those who can not afford their own health insurance will simply have to die off.
You couldnt be more wrong. The only bank that is improperly regulated is the Federal Reserve bc there is no regulation on it. The fed for years now has caused distortion in the markets, creating artifical interest rates, and thats the whole cause behind this entire financial problem. Those interest rates is what led to the housing crisis. Not free markets and capatilism because many would agruee that we havent had that since before the great depression
I maybe a libertarian but this isn't right. Improperly regulated banks causing moral hazards against prudent lending had more to do with the crisis than gov't.
Economists... how often can an entire caste of professionals fuck the entire world up before they loose all credibility? If engineers put up structures that collapsed every five or ten years the word would be a popular slur in the English language by now. MBAs and Economists have effectively done just this in the world of money, yet a degree in said discipline from an ivy league is still considered valuable. Why?
1) Maybe because economists didn't cause the recession. It was caused by *everybody* living beyond their means and lending, borrowing, and spending recklessly with no thought toward the future.
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Economists have been the vanguard of neoconservative policy making for about 30 to 40 years. I can name names. Want to try me?
Also, the "means" available to a massive chunk of the population have been systematically reduced for years, forcing people who used to save up to buy a new car in cash to take out a loan for said car. Repeat this process a few hundred million times, throw in some deregulation, pull even more money out and what do you think is going to happen in the long run?
2) Maybe because because, as you described, the economy's collapsing "every 5-10 years" is an inevitibility (it's actually on average every 18 years for every significant recession). Economies are cyclical by nature. Boom-bust cycles are a way of life, just as our planet's changing seasons. Booms are NEVER indefinitely sustainable. EVER. UNDERSTAND THIS, and you'll be immediately be prepared to make better decisions than 90% of the populace.
3) Maybe because economists are actually some of the few people who actually understand how the "world of money" works, why we have recessions, and how we get out of them.
4) Maybe because economics is a SCIENCE. You cannot argue against economics, just as you cannot argue against physics. It just *is*. Our knowledge of the economy is ever-improving. But simply throwing it aside (as well as ignoring history) and deciding to react to a recession by dumping money into the economy is FOOLISH.
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Oh come on. Sociology is a science. Conservatives have been arguing against everything the profession represents for years. When I need to know how to screw honest workers out of their jobs and put them on welfare, then I'll come find an Economist. In the meantime, they can stay locked in their dorm rooms fondling themselves to "The World is Flat".
True! And, for the Keynesian idiots: Economics is a science revolving around HUMAN ACTION. You cannot quantified or measure the thinking or plans of an individual, let alone an entire society. All these useless curves and equilibrium are pure nonsense that have destroyed people understand of basic economics. Economics is the easiest field of study. Saving plus production equal wealth, spending plus taxation equal poverty.
Final note: stop worrying. This recession is *nothing* compared to the Great Depression. This recession isn't even anywhere near the recession we had in the 80s. Heck, even the recession we had at the beginning of this decade was more severe than this one. Don't believe me? Ask an economist to show you the data. We're going to recover, and sooner rather than later. However, this bailout is going to muck things up a bit in the long run.
deadpool03mm: Judging by your two responses to me, you clearly have no idea what economics is, nor what science is. Economics is a science because it's an objective study that utilizes the scientific method to explain phenomena, just like any other science. Also, economists didn't invent debt, as you seem to believe. People have been taking out loans at interest for as long as currency has existed, long before economics was even a *word*, no less a scientific study.
The income tax is the most absurd tax ever. All taxes should be fees for things like licenses or excise taxes, where you can CONTROL the amount of tax you pay more easily. Rather than it being confiscated by government.
I say a simple flat tax, where all but the extremely impoverished pay 15 percent of their income to taxes.
What was the graduated income tax meant to accomplish, anyway, and has it? If not, I wouldn't see much reason to start off a flat tax, and take a look as well into the welfare entitlements. The entitlements, which very few people buy into anyway need to get slashed for inefficiency. So much of the federal budget goes to welfare entitlements, that it deserves at least some editing.
Juan Williams. He's on NPR but is also a Fox News contributor and regularly appears on shows like "Hannity" , "O'Reilly Factor", and Special Report w/ Brit Hume (now Bret Baier's show, obviously) as a panelist. He's a moderate Democrat, I'd say. Or a right-leaning Dem who still is very liberal on some things.
It's hard to really pin this guy down into one ideology. Just when you think he's just another ridiculous Republican on Fox, he says surprisingly liberal stuff.
Barack Obama is a complete and utter useless failure just like George W. Bush. This "Stimulus" Bill doesn't do jack shit for hard working Americans like me. A 13 dollar a week "Tax Cut"? Thanks for NOTHING Obama. The Right Wing bastards were right, this stupid ass "Bill" is nothing but "Pork" I can't believe i let myself be fooled into voting for this lying "Articulate" hack. Even big Oil think hes a God Damn joke. Gas prices are rising yet a barrel of oil is falling.
I have my right to be skeptical of Obama, but if we are to blame someone for all this economic crisis, its not Obama, who is at least making radical moves to solve it, but BUSH, the one who began all this mess. YES that neoRepublican son of a bitch bush. Other Republicans have been admired throught history, but bush is just a TOOL if penis chenney. Yea, Chenney was the brain behind : iraqi freedom, patriot act, government spending etc
Chenney, whom has influenced the w/h for 3 decades
Bush enacted the tax cuts that staved off recession in the wake of 9/11. If Bush can be blamed for anything, though, it would be his spending on education, farm subsidies, and healthcare. Not that Obama's party wasn't in complete agreement with that wasteful spending. If Obama had been serving in Congress at the time, he would have gone along with the No Child Left Behind Act and the drug prescription legislation just like every other Demo. Spending taxpayers' money is the DP's raison d'etre.
LOL, "HOPE" "CHANGE"..."OBAMA"? Nope, I think all his posters and other campaign material meant to say, "PRINT" "PRINT" "PRINT"..."OBAMA"
That's right Obama, just print worthless, "Federal Reserve Notes" and screw us over. It's actually what we need. That way it will cause such horrific damage to our overall infrastructure that it will eventually force real "CHANGE"
Who ruined the economy? Taxpayers? If "we" get out of the way then the government will have no money to pay for shit like saving endangered mice and BULLSHIT like that. You have been lied to just like me. The only difference is that you believe them and I don't. No earmarks? Do you believe that shit? You don't want me out of the way because I pay alot in taxes and get no help when hurricanes destroy my crops. Maybe I should import some mice, then the "gubmint" will come running.
I love how its all Republicans fault about this recession. Had nothing to do with the 90's Democrats going for the "everyone deserves a house even ones they can't afford."
This is both parties fault. The best way to stop/prevent any further drop in the markets is tax breaks, not spending and creating more work (not jobs because when the work is gone all the people will be back to where we started).
And one last thing cacaduk do we really need an amtrac train taking people from FL, Ca, to NV
Pres Obama promised the world and delivers us a desert. He promised change and there will be none. Now its up to us to speak out. For whats ahead is something real bad. You just can't throw money away. We have to start to work together. For if we can't then it over. It starts here. But too we must quite listening to what we want to hear and listen to the truth...
"Obama is giving us the same, big spending interventionist approach as Bush" Does this Surprise you ?! The only thing that has changed is the color of the presidents skin. But it seems like it's ok with some of the brain dead masses out there because it's not Bush doing it this time. Change people ? Really !!?? CHANGE !? WAKE THE FUCK UP !!!
I am sick of both parties. Lindsey Graham just said to on meet the press 2-15-09 that he is for nationalize the banks. I am sorry I thought he was Republican? Michael Steele needs to Censure him. We need small government and lower taxes for everyone. They said today we get 26.00/month. i read the stimulus bill it is spending nothing more nothing less. Americans have been duped. I call for a recall on all congress and senate and get new people in their that knows the constitution.
I'm still mad about the first bailout. All those billions given to banks, pushed through by Hank "no accountability" Paulson and George Bush; the republicans pretended they didn't like that one either, until another $100 billion of pork was added on. Now they say they don't even know where the money went? Didn't they at least write it on a post-it or something? This is ANOTHER bailout. They're both crap. Bi-partisan crap.
Obama took a big jump with this. Sadly enough, it is probably going to entail if he gets assassinated or not. He's a good man with good intentions, but this is not a very good way of improving the economy. The outcome is just to blurry.
Debt with Interest is killing this country! A Stimulus package with more debt on america will only make this worse in the Future.. We will Feel good for a bit but once the Piper comes to Collect the Debt again is when we Collapse harder then Today because we owe more to the Piper.
This is Sucking Wealth from Future Generation for the Baby boomers to live even more Irresponsible as they have over the past 30 + years! Want now!, and Pay later after we DIE!
what were people thinking...this package also includes many things like 300 mil for "green" golf carts...Well I guess that is incentive not to have children...because there won't be anything left for them once obama and the dem's get through with our country.
Is it really funny that all those people who are against the president and the spending the government will do to help the country is the same people who said it was ok to give big banks a lot of money to do what they want? They have there money and dont want to help the poor but help there self.
No they are not. The people complaining about the first stimulious plan are also complaining about this one. The difference is this one has a few more days to be seen whats in it as well as this one has far more pork spending then the first. More money is going to pet projects from representives that aren't signing their names (I.E. President Obama saying no pet projects (because they aren't named).
DO you think that Cali really needs another water park, or $30 mil to protect a marsh mouse?
Apparently Cali needs a maglev train from Disneyland to Las Vegas because it just got passed in the Spending- I mean, "Stimulus Package". Hmmm... could it possibly be PORK for the majority leaders, Pelosi (D-California) and Reid (D-Nevada)??? hmmmmm.......
Government doesn't create jobs, they create work. One thing I've noticed is that he's claiming we need all this work done (and somethings do need improvement that I won't deny) but the thing is these are just temperary things. What happens after the task assigned is done.
I.E. fixing up a school hire say 50 people, 3 months pass they get paid for the work. Then its done and these men and women are back looking WORK not a job.
It is not nearly true that what was on the bill was needed. In fact, the precise opposite is true.
If what you say is true, then you subscribe to the idea that you can borrow your way out of debt. I would love to see how many times you use credit cards o pay off other credit cards to pay off other credit cards, etc.
So you see a situation like the one Japan had and all you can see or say about it that they wasted the money, right?
Its obvious they wasted it, on public works they didn't need, we however DO need it, though we know its a small temporary fix for a few, so YES we need that part. Money for school? OF COURSE WE NEED THAT TOO. They ought to screen out libertarina economics teachers though. Deaf dumb and blind
Japan .. WASTED their money and lost their decade.
We do not need to borrow our way out of debt. Our schools do NOT need more money to be wasted on administration - it will get WASTED, because government is best suited to WASTING MONEY.
If you want something done poorly for twice the price, you get the government to do it.
I SAID they wasted it! I already know how that turned out. -can't believe how blind they were- But at the same time it wasn't enough. Those GOP assholes have wittled it down to a Japanese sized stimulus ON PURPOSE, so that there will be little effect in four years. They know what they're doing POLITICALLY. I make no apologies for greed and wastful spending, they're to be found everywhere, but this bill is a sincere and needed boost to a dead ideal. An ideal you seem to be apologizing for
" but this bill is a sincere and needed boost to a dead ideal."
I do not believe that for a minute, for a hot second. based on what I've been able to see so far, this bill is easily going down in history as the hole that sunk America's ship. It's beyond despicable, it's practically evil.
You cannot borrow your way out of debt, it has never ever ever worked before.
I know you're desperate - but this is not the way to fix anything.
This IS how its done. How did the Hoover method pan out?
Oh and I did mean to say the "ideal" of republicans. The greed based bullshit thats paraded around like it was the real American dream. (Character limitations and all.) was dead. Dying at least... But by the faint sounds of you people, it seems we'll never learn for long
I'm not going to argue with a pack of loony libertarians anymore, so save it.
TheRougeEyelash Open up your eyes and use common sense. Obama is going to put America into further debt, the majority of "new jobs" his stimulus package (should be called 'Spending Package') is going to create are government jobs. He already is starting to have our government control jobs. These government jobs will have people working for the government to pay off the debt created by this administration. Obama plans to turn America into a socialist country.
You really don't understand the Republican ideal. You don't understand the real conservative ideas. George Bush and his gang tarnished the brand terribly, but they were not nearly conservative.
Here's the deal: If you think the government can act as overarching parent to the citizenry, and that all they need is the right funding, then you think of yourself and your fellow citizens as adolescents who shouldn't be given the keys to the car.
I think there is some warrant for a last-resort temporary safety net for certain people in really dire need. But you are right...the "govt as overarching parent" theory is doomed for failure, and will ruin the country if let grow further.
DailyKos (or some other Obamabot hangout) must be linking to this video, because it's five stars all the way. I can't believe these idiots still have faith in their Obamessiah. People kept voting for Roosevelt too, though, even after a Depression that lasted over a decade and a World War that he promised he would keep us out of. They just loved Stalin and Hitler too, so for the hardcore Obamabots, I don't expect them to change their minds.
Finally someone speaks the truth! Marketing is what I do! Americans need to stop spending! We need to stop maxing the credit cards and buying new cars every 2 years! Never mind the fact my mom who is a nurse sees the hospitals in bankrupty and her hospital closed!!!!! Closed due to charity care!!! What a mess.
This is only the beginning... wait till they get their hands on the "Health Care" system...there will be more than just one hospital in that status!!!
The extra 0's don't do this number justice. The one that gets me is if you start paying this back at $1,000,000 per day or $365 million per year, you have to go 2000 years to get to $730 billion and you still owe $70 billion so you need about another 190 years. You haven't even paid 1 dime of interest which would double this debt amount very quickly. It is a huge amount of money to think about.
$10,000,000,000,000 is what our total expenditure + guarantees looks like at this point. They're going to need to start inventing new numbers soon, because at this rate, trillions just won't cut it.
I saw the Mayor of philly to day talking about 20 million to renovate the Philly zoo. He claimed it would create 222 jobs so it cost 90K roughly for each new employee. So my first thought is I have never gone to a zoo that didn't charge to enter and why in the hell didn't they use that money over the years to work on their infrastructure. These jobs will last for a few months maybe a year then these folks will be out again. We need to fix the economy not kick the problem down the road!
A spoils system (also known as a patronage system) is an informal practice where a political party, after winning an election, gives government jobs to its voters as a reward for working toward victory, and as an incentive to keep working for the party.
So, I'm sure this means that all the jobs created by the stimulus bill will be for blacks & foreigners. Since, that is mostly who voted for Obama.
Think how much money would pour into our economy if the government would start taxing religion. Property Tax, income tax, sales tax on supplies, personal property tax on cars & vans. God of all people should pay his taxes.
How much more can we tax? We have sales tax, property tax, income tax, etc, etc. Keep in mind that it always comes down to the bottom line. People who give to religous causes, or to other non-profit organizations for that matter, give above and beyond what they give to the government. This money has already been taxed. Taxing religion isn't a solution, the solution is to stop spending money on things we don't need.
caedjar4: The church giver would not be taxed again, the RECEIVER would be. Just like any other business. The money I spend in retail stores has already been taxed, no different than spending your money with a church business. TV ministries, The Mormons, Catholics take in Billions and pay nothing on their accumulated fortunes. Yes we need cut spending but the religious loop hole loses us millions and is totally unfair to every other ligit business.
Actually, thats not like other businesses. The church is non-profit, which are not taxed the same. The money you spend in retail stores has already been taxed, however my point remains the same: the problem is not that we tax too little, its that we tax too much and the government is allowed to constantly spend their endless supply. The other thing you should keep in mind is that most Churches take the money they get and put it back towards the community, as it is a community organization.
Most church organizations DO turn a profit. Joyce Meyers 92 million in book & video sales in one year! As long as her assets are owned by "The Church" she escapes the taxes. How is that fair? The Jehovah's Witness, The Mormons have assets in the Billions so obviously they turn a profit. Our infrastruture is crumbling, mean while these organizations skate free. If they paid their share our personal tax burden could be reduced.
caedjar4: As for the church giving to the community...If they paid their taxes it would be the greatest thing they could do for the community. Those taxes could be used to create jobs, reduce personal tax burdens. The benifit of the church to the community is minimal compared to what those tax dollars could do. YES we need to spend WISELY but this loop hole needs to be shut down. Only tax the PROFIT of course, like any other business.
Again, Churches don't profit. Your example of Joyce Meyers 92 million in sales should be taxed if that 92 million goes to her; however, as you stated, it goes to the Church. The Church doesn't own that money, it cycles it back into the community through its events. Churches that hoard money are no longer NPOs and should be sued for violating the law. The difference is when the money goes to the oragnization or the individual. Government doesn't do any better job of spending our money.
The bigger problem in my opinion is that we've let Government continually get bigger in a time when it should be cleaned out. We seem to think that spending more money will generate more money, but how worthless is it to count adding jobs to our economy that last a couple months? Those people will be unemployed again almost immediately. The government should stay in the areas it belongs, and stop trying to control the private sector, which is where it wastes most of its resources these days.
caedjar: Oh come on. A church needs a 10,000 sq ft multi million dollar home? It is a loop hole. It's a way to have everthing they want in life, but not pay for it. Very little is spent on the publics benefit. Their braiwashed zombies barely make ends meet. They couldn't AQUIRE these things if their was not a profit coming in. If the church owns Joyces home the church should pay the taxes. WHOEVER owns it, pays the fair taxes on it. There would be fewer preachers living in million dollar homes.
Thats my point Caedjar. All the benefits DO go to Joyce including her multi million dollar 10,000 sq foot home. Claiming it is the churches is really a fraud that needs to be ended through new laws.
I like how this video is just a bunch of cuts talking shit about the stimulus package, but offers no alternatives. Great stuff.
IAmKr1gg3r 4 months ago
@IAmKr1gg3r The alternative (obviously) is to LET THE MARKET WORK. It is the government intervention that has prevented recovery long before this.
FletchforFreedom 2 months ago
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"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 is a joke right? Two surveys of economists found that most economists thought the stimulus reduced unemployment (along with a similar petition with hundreds of economists for the stimulus)
But what did the stimulus actually do? Studies have shown that crowding out did not happen and unemployment went down both nationally, and states that got the most stimulus funds per capita had the best job growth.
AndroidPolitician 6 months ago
If we did these things -- cut spending, cut taxes -- we would be out of this recession and we would see economic growth.
MooseOfReason 7 months ago
@UBSCARED You're a LIAR! from 2003 to 2008 NPPTTL INCREASED from 107.6 MILLION to 114.5 MILLION, a 6.4% increase in the number employed. Learn how to read statistics you nitwit.
vince33x 7 months ago
the government has to spend money to create jobs. that money comes from tax payers. those tax payers would have otherwise spent that money. that spending would have created jobs. (yes, printed money also is taking from tax payers)
so the question really is, who spends money better? the government who has 1000s of lobbyists, backed by corporations, begging for a share of the pie?
or the individual who has complete rights over what their own money on?
100CommonCents 9 months ago
@100CommonCents The problem w/ur analysis is that it is INVESTING that creates wealth. We shouldn't acre about job creation because that's stupid: Please name for me any Private Enterprise created for the purpose of "creating jobs." Job creation is an ancillary aspect of creating or expanding an enterprise - unless it is a government enterprise, which is why allowing gov't to do a lot is stupid because they do things so inefficiently. I think ur saying the same thing I am but w/less clarity.
vince33x 7 months ago
@UBSCARED you a complete idiot.
the government has to spend money to create jobs. that money comes from tax payers. those tax payers would have otherwise spent that money. that spending would have created jobs. (yes, printed money also is taking from tax payers)
so the question really is, who spends money better? the government who has 1000s of lobbyists, backed by corporations, begging for a share of the pie?
or the individual who has complete rights over what their own money on?
100CommonCents 9 months ago
Wow, they say that the "stimulus plan" in the 1930's didn't work on US television ? Behead the blasphemous witch !!!
MrKiromunist 1 year ago
I love how ABC titled their segment "What if we did nothing?"
Head for the hills. Some people don't think we need massive government intervention.
MooseOfReason 1 year ago
It is obvious that the govt cannot control its spending (Not just Obama but past administrations are equally as guilty). Sadly, something extreme like a civil war will have to happen to stop this madness....
My proposal on CUTS to govt spending are arts funding, foreign aid, and especially the war
pdynamics1 1 year ago
The stance of no government? If we all took that stance, we'd end up being nothing more than the animals we hold ourselves superior to. Individuals would starve to death, be beaten, murdered, robbed, raped, die of sickness, and live in suspicion of their neighbors.
Civilization is what makes us human. And above all, GOVERNMENT is the key prerequisite to existing as a civilization.
At any rate, the stimulus is working. 162000 jobs made last month... hope you libertarians will sthu now, kay?
nafaidni 1 year ago
And government is a growth suppressant... really?
In the Chinese First Five Year Plan under Mao Zedong, 62.5% of industry was state owned, and the rest under joint public-private ownership, copying the Soviet-style economy which brought it into industrialization in short time.
Each year under that plan, annual industrial growth was 19%. And they think 10% GDP growth under market policy is great! And don't bother saying it didn't help workers; national income grew at a 9% annual rate!!
nafaidni 1 year ago
Hundreds of second rate economists? Oh well. Can't please everyone.
Look, right-wingers can ignore the successes of Keynesian economics all they want. But they're already, again, proving themselves to be superior to trickle-down-economics.
P.S. Big spending under Bush was a non-beneficial war and trickle-down-tax-cuts. Roosevelt, btw, got out of the Great Depression through government payment for soldiers to get four years of free college education. That's BIG GOVERNMENT SPENDING!
nafaidni 1 year ago
@nafaidni That is false. It was not just those policies, during and after world war two all the other nations industry was gone from the battles. The only national supplier left was the United States, this was a boost to our demand and our economy. Also, in order for Keynesian economics to work in the context of the latest problem, they must take money out of the financing sector via borrowing.
ThegoodEconomist 1 year ago
@ThegoodEconomist
The Great Depression was already in its waning years by the time the war started. This was in part attributed to the New Deal. But again, the massive manufacturing capabilities the United States got from WWII was funded by the national government. If it were not for the national government's actions, the growth of Post-WWII America would likely not exist.
And they are not borrowing from this country so much as from others. So it is of no immediate cost to the economy.
nafaidni 1 year ago
@nafaidni The United States did not enter the war until late, all the rest of the world was fighting, so naturally the depression was falling out from our larger exports. I do agree that the government stimulus from the war helped alot, but you must look at it in the proper context, the new deal did not have anywhere near the effect that your are talking about.
Also, it does not matter that they got the money from other countries, we could have used that investment in the private sector.
ThegoodEconomist 1 year ago
Cutting taxes without cutting spending only increases the size of the government, prolongs, if not deepens, economic stagnation. Cutting taxes, and only cutting taxes, will only make things worse.
Questfortruth86 1 year ago
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"Hello America!"
Shouldn't we always refer to them as "banana Republicans," not Republicans?
Who else but "banana Republicans" could support unlimited executive power, family dynasties (Duvaliers, Bushes), secret renditions to torture chambers, mercenary armies, 100-year wars, warrantless wiretaps, McCarthyite witch hunts, and the end of habeas corpus?
You'd have to want to live in a banana republic.
Forget the elephant, Republicans, here comes the chaquita!
Glen R. Beck,
"the real Beck"
glenbeckbites 2 years ago
For fantastic, reliable articles in our fight for liberty, check out w w w thenewamerican (.com).
nalejbank 2 years ago
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nalejbank 2 years ago
Seaplaneguy: Well some of the white trash have to be bailed out.
konigalbert 2 years ago
Obama is doing what FDR did...changing the rules, and threatening private capital with confiscation. FDR made the 1930's into a Great Depression, and Obama is 2.0.
Government, elected and buros, need to be term limited...must go back to private sector for 4-8 years before they can get job in government.
seaplaneguy1 2 years ago
Money stimulus is like giving booze to a drunkard, hoping he will recover.
cernicaloide0 2 years ago 7
Are you talking about Alan Greenspan.
konigalbert 2 years ago
The economic stimulus hasn't stopped the recession.
The mortgage stimulus hasn't stopped the foreclosures.
The banking bailout, hasn't stopped the bank failures.
The auto bailout hasn't helped the car companies.
I guess the answer is MORE STIMULUS/BAILOUT MONEY.
esj8341 2 years ago 9
In debt? outta money? CHARGE IT
fuggsakes 2 years ago 2
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ya i agree......niggers arent good for the economy.
sourbear 2 years ago
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konigalbert 2 years ago
Can you please elaborate?
nothingisgreener 2 years ago
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konigalbert 2 years ago
That just doesn't make any sense.
gcbarone 2 years ago
Considering the amount of exposure the Cato Institute is getting with 'stimulus package' politics, how come the highest ranking of the videos is 27,000 and most others are a couple of hundred? Yet the channel has 'most subscribed' awards too?
How come vast numbers of intelligent, intellectual democrats are backing Obama on this?
Some things just aren't adding up. Am I missing something obvious?
absoprob 2 years ago
It's not about who has the smartest smart people. You have to look at the arguments and decide for yourelf.
gcbarone 2 years ago
YES Papa Bear!!! Lower taxes and smaller government!!!
mmagar5754 2 years ago 4
Keynesian "Pump priming" or so called "Stimulus Packages" Failed in Japan in the 90s and now the debt is 170% of GDP. In 2007 the US Debt was 60% of GDP, and by the time Obama is done it will be over 200% of GDP
BasicEconomics 2 years ago 20
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dumb ass -- Cato people have youtube vidoes out, you dumb ass, pushing for a "flat tax" on income.
Cato institute wants ONLY -- repeat you dumb ass -- ONLY income to be taxed. Only worker's income. They want all unearned income -- credit swaps, cap gains, inheritance -- untaxed.
Learn the details moron, not the hype.
12FlyMe 2 years ago
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Cato exists to screw the working class --- the wage earners -- the self employed -- small business.
CATO wants ONLY workers to pay taxes, ONLY ordinary income,
They want the fuching kid that cuts my grass to pay more taxes than Bill Gates and Warren Buffet combined.
Thats how fuching dishonest they are Dont believe anything the fuchs say. They are total bullshit.
12FlyMe 2 years ago
Dude, you know nothing about The Cato Institute. No one should pay a tax on his earnings. Read a book before you spout.
The libertarian principle is simple. If it doesn't deprive me or anyone else of life, liberty or property, I don't care about it. If everybody adopted that stance, there would be far fewer entitlement minded idiots.
alfalfa31 2 years ago 26
@alfalfa31
Well, see, in my view, your income consists of dollars. Currency, and the value and regulation thereof, are made by the GOVERNMENT.
So really, they're not depriving you of anything you didn't already get from them when they're taxing you.
If they didn't tax you, you wouldn't even earn a goddamned dollar! You'd be paid in eggs! And you'd be bartering for your television and internet in potatoes!
If that's the lifestyle you want; go ahead and be a libertarian. Don't ask for commie $.
nafaidni 1 year ago
@nafaidni So, in your world of circular logic, a government passes a legal tender law, enforces it through coercion, and that's a good thing? For the privilege of private money use, I should enjoy taxation and inflation of a currency the government mandated I use?
You presume that commerce would not exist without government. I say that commerce exists in spite of government. Currency is whatever people will accept as payment, not dollars. Dollars are a fiction, much like your education.
alfalfa31 1 year ago
@alfalfa31
Yes, that would be a good thing. Force is a theoretical resort to when people cannot deal with their problems in a civil manner, and the less the right to use force is legitimately handed out, the better.
Again, if you thing that currency is anything people will buy, just try it. Ask your boss to pay you in precious metals. See if he agrees or if he tells you to go to hell and get back to work. And try trading silver to a local Safeway and see if they accept it.
nafaidni 1 year ago
And the government doesn't mandate you use their currency. It is simply so convenient that society no longer will accept anything else. That's simply the fault of the market for accepting the benefits of government-made currency.
Trust me, there is a reason no one barters anymore, despite what that Republican Senatorial candidate says. The wants and available goods of different people are often incompatible. Without a universal standard of wealth, commerce would be strained and limited.
nafaidni 1 year ago
@nafaidni Hmmm. Read the note: "This note is legal tender for all debts, public and private". If you owe me a dollar-denominated debt, I have no choice but to accept the "legal tender". I can try to write a contract where I insist on payment by other means, but Gresham's law ("the bad money drives out the good") works too well. If I insist on specie payment, then I'll have to accept less to compensate the buyer for his inconvenience in having to hunt up money with intrinsic value.
Anschutzhammerlitoz 1 year ago
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Fairtax is a fuching farce moron, its bullshit. Its a con game.
Its a fuching magic pony that shits gold.
Fairtax pretends they can make the Magic Pony shit gold -- they pretend the government will pay the worlds highest fuching sales tax -- TO ITSELF
And you dumb fuchs believe it. Here is a clue dumb ass -- you can't fuching pay yourself a fuching sales tax and count that as income retard.
But FT pretends it can put the HIGHEST sales tax ON EARTh on gov, and count that as income
12FlyMe 2 years ago
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No dumb ass -- CATO is for a flat tax retard -- not a national sales tax.
And their so called FLAT tax proposal is flat as Dolly Parton' 44DDD tits
Flat my ass --- CATO is for calling it a FLAT tax -- but really just have workers pay ALL taxes.
They want NO FUCHING taxes on hedge fund shit, credit swap shit, naked short shit -- all the shit that fuched us up -- they want NO tax on.
Then they tell you dumb fuchs thats flat.
But its not a sales tax retard.
12FlyMe 2 years ago
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What does the tax system have to do with financial bullshit?
Because that shit from financials is taxed little - - or nothing at all.
While work --ordinary income -- is taxed very high.
For years our tax code has rewarded bullshit financial maniplation -- and punished work and production.
God bless unearned income -- but our economy turned into a bunch of skimmers and bullshitters, not workers and producers. The tax code rewarded the bullshit, punished the work.
Still does.
12FlyMe 2 years ago
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Have a national sales tax moron -- the Joint Commission on taxation said it would have to be 60% or more.
If your dumb ass thinks a 65% sales tax won't decimate the economy -- bird brain -- then talk to the National Association of Retailers.
They said it would decimate the economy.
How are so many of you people so stupid about taxes?
12FlyMe 2 years ago
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Wrong dumb ass. If you are going to post things on Youtube about taxes, have the first fuching idea what you are talking about.
A guy from Cato is for a so called FLAT tax you idiot --- and he is lying anyway, his so called Flat tax is flat as Dolly Parton,
The national sales tax to replace all others would have to be 60% or more.
If you mean the "Fairtax" -- its pure bullshit farce.
But Cato is not for the "fairtax" or a national sales tax. They have another bullshit con
12FlyMe 2 years ago
This is shit! Our kids are born with debt from silly administrations from both stupid, dynastic parties we have today. How can so many people believe this crap will work?? The system needs restructuring and we need more say in these affairs, not our "state reps"
prototypos123 2 years ago
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Cato institute has adored the tax system which rewarded bullshit -- leverage buy outs, credit swaps, nakes shorts, stock manipulation, hedge fund shorting -- etc.
Cato loved the tax system which STILL punished work and production, and rewards bullshit.
In fact, Cato lunatics want work - self employed, ordinary income -- to pay ALL the taxes, and unearned income to pay NONE.
Cato is Greek for screw those who work.
12FlyMe 2 years ago
12FlyMe, You're wrong. Cato favors getting rid of the income tax and the IRS and replacing it with a national sales tax. That means the government wouldn't tax hard work or productivity, but consumption. Also, without the capital gains tax, people would be allowed to save their money.
What does the "tax system" have to do with credit [default] swaps? What do you mean by "stock manipulation"?
Also, Cato is named after "Cato's Letters," a series of letters written by two British men.
MooseOfReason 2 years ago 3
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Anyone who is so stupid as to think there is "No DOUBT" about income tax being illegal, is a compete moron.
No doubt? You lunatic, of COURSE there is a doubt moron. This is a very complex issue. Its not as clear as you think idiot.
Apparently Federal government does have the right to tax income. Did you notice the constitutional amendment that made it legal?
In the end -- income tax may be unlawful -- or it may be lawful.
But to say there is NO doubt -- you are just an idiot.
12FlyMe 2 years ago
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Be careful of Cato Institute if it tells you about a flat tax.,
Cato may be right on other things - I don't know. But on their "flat tax" they seem deceptive - in other words, lying.
The details are important - not the name,. I've seen them call a tax "flat" but its flat as Pikes Peak, flat as Dollly Parton, flat as Dog the Bounty Hunter's wife.
In other words -- not flat.
Whoever tells you they want a flat tax -- and oh, by the way, no tax on unearned income -- is a con artist.
12FlyMe 2 years ago
I agree if our forefathers saw a need for a flat rate of taxation, they would have included it into the Constitution; however a Federal income tax is 100% illegal and not adhearing to the Constitution. Only individual States have the ability to tax one's income, NOT the Federal government.
residentzombie 2 years ago 3
Evidence?
Surhotchaperchlorome 2 years ago
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God dammit, is it that hard for me to live a life without being robbed?
When 95% of the population wants something, and our STUPID politicians go against our words, isn't it common sense that they are getting orders from someone else?
This is not a conspiracy folks. It is happening RIGHT BEFORE OUR EYES.
This is the message I am feeling from our "leaders"...
"Follow us and get us rich, or we will drive this entire country into the ground"
Whenever they talk, that is what I hear.
jeebsy12 2 years ago
It's official: I'm never voting Democrat again.
Ever.
Same goes for the Republicans.
Surhotchaperchlorome 2 years ago 5
hey is anyone having issues posting this video to facebook?
jonpiasente 2 years ago
nope, choose the link option
mariokartfever 2 years ago
I agree with this video. The market MUST be allowed to run its course without intervention. Capitalism is meant to reward success and punish failure. Those who have lost their jobs will have to find other ones. Those who have lost their homes will have to live with relatives. Those who can not eat will simply have to steal food. Those who can not afford their own health insurance will simply have to die off.
headrush247360 2 years ago
Why? If a system doesn't work and reduces honest people to stealing food in a first-world nation then what fucking good is it?
deadpool03mm 2 years ago
You couldnt be more wrong. The only bank that is improperly regulated is the Federal Reserve bc there is no regulation on it. The fed for years now has caused distortion in the markets, creating artifical interest rates, and thats the whole cause behind this entire financial problem. Those interest rates is what led to the housing crisis. Not free markets and capatilism because many would agruee that we havent had that since before the great depression
flukemate 2 years ago
I maybe a libertarian but this isn't right. Improperly regulated banks causing moral hazards against prudent lending had more to do with the crisis than gov't.
libertarianPinoy 2 years ago
This is so funny, I've been saying he was going to do this. lol just wait Amero will save us!
worm102 2 years ago
they'll keep the money and ask for more or file bankruptcy it will all end up in court.
ferdie928 2 years ago
Economists... how often can an entire caste of professionals fuck the entire world up before they loose all credibility? If engineers put up structures that collapsed every five or ten years the word would be a popular slur in the English language by now. MBAs and Economists have effectively done just this in the world of money, yet a degree in said discipline from an ivy league is still considered valuable. Why?
deadpool03mm 2 years ago
Would engineers do a better job not fucking up the world economy?
libertarianPinoy 2 years ago
1) Maybe because economists didn't cause the recession. It was caused by *everybody* living beyond their means and lending, borrowing, and spending recklessly with no thought toward the future.
MonkeyFarts 2 years ago 3
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deadpool03mm 2 years ago
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Economists have been the vanguard of neoconservative policy making for about 30 to 40 years. I can name names. Want to try me?
Also, the "means" available to a massive chunk of the population have been systematically reduced for years, forcing people who used to save up to buy a new car in cash to take out a loan for said car. Repeat this process a few hundred million times, throw in some deregulation, pull even more money out and what do you think is going to happen in the long run?
deadpool03mm 2 years ago
2) Maybe because because, as you described, the economy's collapsing "every 5-10 years" is an inevitibility (it's actually on average every 18 years for every significant recession). Economies are cyclical by nature. Boom-bust cycles are a way of life, just as our planet's changing seasons. Booms are NEVER indefinitely sustainable. EVER. UNDERSTAND THIS, and you'll be immediately be prepared to make better decisions than 90% of the populace.
MonkeyFarts 2 years ago 2
3) Maybe because economists are actually some of the few people who actually understand how the "world of money" works, why we have recessions, and how we get out of them.
4) Maybe because economics is a SCIENCE. You cannot argue against economics, just as you cannot argue against physics. It just *is*. Our knowledge of the economy is ever-improving. But simply throwing it aside (as well as ignoring history) and deciding to react to a recession by dumping money into the economy is FOOLISH.
MonkeyFarts 2 years ago
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Oh come on. Sociology is a science. Conservatives have been arguing against everything the profession represents for years. When I need to know how to screw honest workers out of their jobs and put them on welfare, then I'll come find an Economist. In the meantime, they can stay locked in their dorm rooms fondling themselves to "The World is Flat".
deadpool03mm 2 years ago
True! And, for the Keynesian idiots: Economics is a science revolving around HUMAN ACTION. You cannot quantified or measure the thinking or plans of an individual, let alone an entire society. All these useless curves and equilibrium are pure nonsense that have destroyed people understand of basic economics. Economics is the easiest field of study. Saving plus production equal wealth, spending plus taxation equal poverty.
AFRIKTODAY 2 years ago 2
Final note: stop worrying. This recession is *nothing* compared to the Great Depression. This recession isn't even anywhere near the recession we had in the 80s. Heck, even the recession we had at the beginning of this decade was more severe than this one. Don't believe me? Ask an economist to show you the data. We're going to recover, and sooner rather than later. However, this bailout is going to muck things up a bit in the long run.
MonkeyFarts 2 years ago 3
deadpool03mm: Judging by your two responses to me, you clearly have no idea what economics is, nor what science is. Economics is a science because it's an objective study that utilizes the scientific method to explain phenomena, just like any other science. Also, economists didn't invent debt, as you seem to believe. People have been taking out loans at interest for as long as currency has existed, long before economics was even a *word*, no less a scientific study.
MonkeyFarts 2 years ago 2
The income tax is the most absurd tax ever. All taxes should be fees for things like licenses or excise taxes, where you can CONTROL the amount of tax you pay more easily. Rather than it being confiscated by government.
whoo689 2 years ago 3
I say a simple flat tax, where all but the extremely impoverished pay 15 percent of their income to taxes.
What was the graduated income tax meant to accomplish, anyway, and has it? If not, I wouldn't see much reason to start off a flat tax, and take a look as well into the welfare entitlements. The entitlements, which very few people buy into anyway need to get slashed for inefficiency. So much of the federal budget goes to welfare entitlements, that it deserves at least some editing.
suemorphplus2009 2 years ago
Who is the black guy on Larry King in the vid?
dchoker000 2 years ago
Juan Williams. He's on NPR but is also a Fox News contributor and regularly appears on shows like "Hannity" , "O'Reilly Factor", and Special Report w/ Brit Hume (now Bret Baier's show, obviously) as a panelist. He's a moderate Democrat, I'd say. Or a right-leaning Dem who still is very liberal on some things.
It's hard to really pin this guy down into one ideology. Just when you think he's just another ridiculous Republican on Fox, he says surprisingly liberal stuff.
whoo689 2 years ago
Obama is just a puppet. This will become evident during his administration.
KeithTruth 2 years ago 5
Barack Obama is a complete and utter useless failure just like George W. Bush. This "Stimulus" Bill doesn't do jack shit for hard working Americans like me. A 13 dollar a week "Tax Cut"? Thanks for NOTHING Obama. The Right Wing bastards were right, this stupid ass "Bill" is nothing but "Pork" I can't believe i let myself be fooled into voting for this lying "Articulate" hack. Even big Oil think hes a God Damn joke. Gas prices are rising yet a barrel of oil is falling.
onerpone 2 years ago
Juan Williams @ 2:22: hallelujah. That guy should be president and not the affirmative action case that is Barack Obama.
RenShiWu 2 years ago
Umm...that's not Juan Wiliams, just a lookalike
norfair18 2 years ago
My bad. Whoever he is, he speaks the truth.
RenShiWu 2 years ago
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jyoken 2 years ago
How much did neoRepublicans pay to these CATO enthusiasts?
If CATO is such a great non-profit research group, howcome they never figured the fallacies within the Bush BANK BAILOUT?
oh thats right, he's from the party that finances CATO....
jazziemoejoe 2 years ago
I have my right to be skeptical of Obama, but if we are to blame someone for all this economic crisis, its not Obama, who is at least making radical moves to solve it, but BUSH, the one who began all this mess. YES that neoRepublican son of a bitch bush. Other Republicans have been admired throught history, but bush is just a TOOL if penis chenney. Yea, Chenney was the brain behind : iraqi freedom, patriot act, government spending etc
Chenney, whom has influenced the w/h for 3 decades
jazziemoejoe 2 years ago
Bush enacted the tax cuts that staved off recession in the wake of 9/11. If Bush can be blamed for anything, though, it would be his spending on education, farm subsidies, and healthcare. Not that Obama's party wasn't in complete agreement with that wasteful spending. If Obama had been serving in Congress at the time, he would have gone along with the No Child Left Behind Act and the drug prescription legislation just like every other Demo. Spending taxpayers' money is the DP's raison d'etre.
RenShiWu 2 years ago
OK, Republicans don't have to take the money
JuanVoyce 2 years ago
LOL, "HOPE" "CHANGE"..."OBAMA"? Nope, I think all his posters and other campaign material meant to say, "PRINT" "PRINT" "PRINT"..."OBAMA"
That's right Obama, just print worthless, "Federal Reserve Notes" and screw us over. It's actually what we need. That way it will cause such horrific damage to our overall infrastructure that it will eventually force real "CHANGE"
Joseph565112 2 years ago
This is a controlled demolition, just like 9/11 was! Global governance,Google it!
freightmaster2 2 years ago
You morons had your chance. You ruined the economy. Now get out of the way and let the grown ups fix it.
cacaduk 2 years ago
Who ruined the economy? Taxpayers? If "we" get out of the way then the government will have no money to pay for shit like saving endangered mice and BULLSHIT like that. You have been lied to just like me. The only difference is that you believe them and I don't. No earmarks? Do you believe that shit? You don't want me out of the way because I pay alot in taxes and get no help when hurricanes destroy my crops. Maybe I should import some mice, then the "gubmint" will come running.
grostrong 2 years ago
I love how its all Republicans fault about this recession. Had nothing to do with the 90's Democrats going for the "everyone deserves a house even ones they can't afford."
This is both parties fault. The best way to stop/prevent any further drop in the markets is tax breaks, not spending and creating more work (not jobs because when the work is gone all the people will be back to where we started).
And one last thing cacaduk do we really need an amtrac train taking people from FL, Ca, to NV
bustersword275 2 years ago
They're all the same. Republican...democrats...
government spending and borrowing....
they all caused it
SuicidaI 2 years ago 2
WOW that was a good vid....scary shit
howdythere38 2 years ago
youshare . com - upload your mp3s, videos, pictures, and files for free! Unlimited downloads and uploads!
happyending 2 years ago
Pres Obama promised the world and delivers us a desert. He promised change and there will be none. Now its up to us to speak out. For whats ahead is something real bad. You just can't throw money away. We have to start to work together. For if we can't then it over. It starts here. But too we must quite listening to what we want to hear and listen to the truth...
mtnmanquin 2 years ago
"Obama is giving us the same, big spending interventionist approach as Bush" Does this Surprise you ?! The only thing that has changed is the color of the presidents skin. But it seems like it's ok with some of the brain dead masses out there because it's not Bush doing it this time. Change people ? Really !!?? CHANGE !? WAKE THE FUCK UP !!!
wingnut4427 2 years ago
awesome video!
smkuhner 2 years ago
This was on CNN??? Great not just Fox News.
RestrainedNoMore 2 years ago
END - THE - FED - !!!
DevBlazed 2 years ago
I am sick of both parties. Lindsey Graham just said to on meet the press 2-15-09 that he is for nationalize the banks. I am sorry I thought he was Republican? Michael Steele needs to Censure him. We need small government and lower taxes for everyone. They said today we get 26.00/month. i read the stimulus bill it is spending nothing more nothing less. Americans have been duped. I call for a recall on all congress and senate and get new people in their that knows the constitution.
pandabead 2 years ago
What do you expect?? Obama is a LIAR.
againsttheherd 2 years ago 3
END THE FED!
Guitarlicks4free 2 years ago 4
I'm still mad about the first bailout. All those billions given to banks, pushed through by Hank "no accountability" Paulson and George Bush; the republicans pretended they didn't like that one either, until another $100 billion of pork was added on. Now they say they don't even know where the money went? Didn't they at least write it on a post-it or something? This is ANOTHER bailout. They're both crap. Bi-partisan crap.
antiwarmom 2 years ago
Obama took a big jump with this. Sadly enough, it is probably going to entail if he gets assassinated or not. He's a good man with good intentions, but this is not a very good way of improving the economy. The outcome is just to blurry.
hougSTAR 2 years ago 2
The economy is not a car with an empty battery, which only needs to be jumpstarted.
The whole financial system is fucked up by bankers and government.
For their own profit.
john1230 2 years ago
END THE FED!
coalcasper 2 years ago 4
Debt with Interest is killing this country! A Stimulus package with more debt on america will only make this worse in the Future.. We will Feel good for a bit but once the Piper comes to Collect the Debt again is when we Collapse harder then Today because we owe more to the Piper.
This is Sucking Wealth from Future Generation for the Baby boomers to live even more Irresponsible as they have over the past 30 + years! Want now!, and Pay later after we DIE!
Budvb 2 years ago
This comment has received too many negative votes show
So many blatantly incorrect or false assertions are made in this video, there are just too many to address.
Scoreboard415 2 years ago
You are the fool.
Wormtail81 2 years ago
Address and prove just one false assertion. Be specific and complete, so that the rest of us can understand what you mean.
sommovigo 2 years ago
Pick 3 and address them.
ONTICVP 2 years ago
what were people thinking...this package also includes many things like 300 mil for "green" golf carts...Well I guess that is incentive not to have children...because there won't be anything left for them once obama and the dem's get through with our country.
YouBetcha2012 2 years ago
Is it really funny that all those people who are against the president and the spending the government will do to help the country is the same people who said it was ok to give big banks a lot of money to do what they want? They have there money and dont want to help the poor but help there self.
niccrant 2 years ago
Get your facts straight. These people were the first, loudest critics of the bank bailouts.
Wormtail81 2 years ago 2
No they are not. The people complaining about the first stimulious plan are also complaining about this one. The difference is this one has a few more days to be seen whats in it as well as this one has far more pork spending then the first. More money is going to pet projects from representives that aren't signing their names (I.E. President Obama saying no pet projects (because they aren't named).
DO you think that Cali really needs another water park, or $30 mil to protect a marsh mouse?
bustersword275 2 years ago
Apparently Cali needs a maglev train from Disneyland to Las Vegas because it just got passed in the Spending- I mean, "Stimulus Package". Hmmm... could it possibly be PORK for the majority leaders, Pelosi (D-California) and Reid (D-Nevada)??? hmmmmm.......
againsttheherd 2 years ago
Libertarians should die... I hate ads like this. BOO! Most economists aren't libertarian... sorry to disappoint.
tobyw87 2 years ago
thank god we still have some people giving a voice of reason.
migkillertwo 2 years ago 2
Its the biggest robbery in history!
bchsd16 2 years ago 3
Government doesn't create jobs, they create work. One thing I've noticed is that he's claiming we need all this work done (and somethings do need improvement that I won't deny) but the thing is these are just temperary things. What happens after the task assigned is done.
I.E. fixing up a school hire say 50 people, 3 months pass they get paid for the work. Then its done and these men and women are back looking WORK not a job.
bustersword275 2 years ago
John McCain would never have put up with this crap if he was president
XFFchannel2 2 years ago
word.
whoabee 2 years ago
I <3 u, CATO
jo232409 2 years ago
Cato Calin?
Seriously though, what history books are they reading? It is true that something must be done, and all the things on the bill were needed, and quick.
Some know its going to fall a little short and take some time. I'm not going to even bother researching this phony balogny "institute"
TheRougeEyelash 2 years ago
It is not nearly true that what was on the bill was needed. In fact, the precise opposite is true.
If what you say is true, then you subscribe to the idea that you can borrow your way out of debt. I would love to see how many times you use credit cards o pay off other credit cards to pay off other credit cards, etc.
sommovigo 2 years ago
So you see a situation like the one Japan had and all you can see or say about it that they wasted the money, right?
Its obvious they wasted it, on public works they didn't need, we however DO need it, though we know its a small temporary fix for a few, so YES we need that part. Money for school? OF COURSE WE NEED THAT TOO. They ought to screen out libertarina economics teachers though. Deaf dumb and blind
TheRougeEyelash 2 years ago
Japan .. WASTED their money and lost their decade.
We do not need to borrow our way out of debt. Our schools do NOT need more money to be wasted on administration - it will get WASTED, because government is best suited to WASTING MONEY.
If you want something done poorly for twice the price, you get the government to do it.
sommovigo 2 years ago 2
I SAID they wasted it! I already know how that turned out. -can't believe how blind they were- But at the same time it wasn't enough. Those GOP assholes have wittled it down to a Japanese sized stimulus ON PURPOSE, so that there will be little effect in four years. They know what they're doing POLITICALLY. I make no apologies for greed and wastful spending, they're to be found everywhere, but this bill is a sincere and needed boost to a dead ideal. An ideal you seem to be apologizing for
TheRougeEyelash 2 years ago
Rough Eyelash ... you say:
" but this bill is a sincere and needed boost to a dead ideal."
I do not believe that for a minute, for a hot second. based on what I've been able to see so far, this bill is easily going down in history as the hole that sunk America's ship. It's beyond despicable, it's practically evil.
You cannot borrow your way out of debt, it has never ever ever worked before.
I know you're desperate - but this is not the way to fix anything.
sommovigo 2 years ago 2
This IS how its done. How did the Hoover method pan out?
Oh and I did mean to say the "ideal" of republicans. The greed based bullshit thats paraded around like it was the real American dream. (Character limitations and all.) was dead. Dying at least... But by the faint sounds of you people, it seems we'll never learn for long
I'm not going to argue with a pack of loony libertarians anymore, so save it.
TheRougeEyelash 2 years ago
TheRougeEyelash Open up your eyes and use common sense. Obama is going to put America into further debt, the majority of "new jobs" his stimulus package (should be called 'Spending Package') is going to create are government jobs. He already is starting to have our government control jobs. These government jobs will have people working for the government to pay off the debt created by this administration. Obama plans to turn America into a socialist country.
ccgraphics20 2 years ago
You really don't understand the Republican ideal. You don't understand the real conservative ideas. George Bush and his gang tarnished the brand terribly, but they were not nearly conservative.
Here's the deal: If you think the government can act as overarching parent to the citizenry, and that all they need is the right funding, then you think of yourself and your fellow citizens as adolescents who shouldn't be given the keys to the car.
I disagree. I see it the precise opposite way.
sommovigo 2 years ago 3
sommovigo. Said very well!
I think there is some warrant for a last-resort temporary safety net for certain people in really dire need. But you are right...the "govt as overarching parent" theory is doomed for failure, and will ruin the country if let grow further.
clhoyt1003 2 years ago 2
I have no disagreement with this statement.
Wormtail81 2 years ago
Obama can stomp on a baby's head and they'll just start stomping on baby's heads as well, in imitation of their messiah.
WelfareRobot 2 years ago
DailyKos (or some other Obamabot hangout) must be linking to this video, because it's five stars all the way. I can't believe these idiots still have faith in their Obamessiah. People kept voting for Roosevelt too, though, even after a Depression that lasted over a decade and a World War that he promised he would keep us out of. They just loved Stalin and Hitler too, so for the hardcore Obamabots, I don't expect them to change their minds.
WelfareRobot 2 years ago
Haha hundreds of millions of chumps voted for this. Makes me laugh when I see cars with Obama bumper stickers.
Magiwyvern 2 years ago 3
We would be jailed as counterfitters. Liberal democrats and feel good spending got to go!
Ron Paul 2012
joe035 3 years ago 4
Finally someone speaks the truth! Marketing is what I do! Americans need to stop spending! We need to stop maxing the credit cards and buying new cars every 2 years! Never mind the fact my mom who is a nurse sees the hospitals in bankrupty and her hospital closed!!!!! Closed due to charity care!!! What a mess.
vlovemeordiev 3 years ago
The Party is over accept for the liberal democrats They've learned to print money, We would be jailed as counterfitters. Ron Paul 2012
joe035 3 years ago 3
This is only the beginning... wait till they get their hands on the "Health Care" system...there will be more than just one hospital in that status!!!
MOE435 2 years ago 2
We are screwed, babes. Royally screwed.
vlovemeordiev 2 years ago
typical msnbc, how often does the Gov't or any Gov't do anything right when they have too much power?
philblunt420 3 years ago
$800,000,000,000.00 - this is what $800 Billion looks like, in case you forgot.
emendemon 3 years ago
The extra 0's don't do this number justice. The one that gets me is if you start paying this back at $1,000,000 per day or $365 million per year, you have to go 2000 years to get to $730 billion and you still owe $70 billion so you need about another 190 years. You haven't even paid 1 dime of interest which would double this debt amount very quickly. It is a huge amount of money to think about.
CPAsheldon 2 years ago
$10,000,000,000,000 is what our total expenditure + guarantees looks like at this point. They're going to need to start inventing new numbers soon, because at this rate, trillions just won't cut it.
WelfareRobot 2 years ago
Right on.
tlkshowhst 3 years ago
2.3 trillion missing from dod 9-10-2001
Research it...
johnreon 3 years ago 2
I saw the Mayor of philly to day talking about 20 million to renovate the Philly zoo. He claimed it would create 222 jobs so it cost 90K roughly for each new employee. So my first thought is I have never gone to a zoo that didn't charge to enter and why in the hell didn't they use that money over the years to work on their infrastructure. These jobs will last for a few months maybe a year then these folks will be out again. We need to fix the economy not kick the problem down the road!
CPOSharkey01 3 years ago
In his first big news conference, Obama confirmed what is in this Youtube video titled.
Smoking Gun: Democrat Insider Says "Obama Has Secret Plan to Fund a Patronage System"
Last night Obama said, "Only government can create jobs."
Now it's up to us the people to empower ourselves. Go to nostimulus(dot)com and sign the petition to scrap the stimulus package.
retired77070 3 years ago
A spoils system (also known as a patronage system) is an informal practice where a political party, after winning an election, gives government jobs to its voters as a reward for working toward victory, and as an incentive to keep working for the party.
So, I'm sure this means that all the jobs created by the stimulus bill will be for blacks & foreigners. Since, that is mostly who voted for Obama.
retired77070 3 years ago
Search Youtube for this video:
Smoking Gun: Democrat Insider Says "Obama Has Secret Plan to Fund a Patronage System"
youtube(dot)com/watch?v=RGafMHsV4Ug
Copy and paste title in Youtube search box if link doesn't work.
retired77070 3 years ago
Think how much money would pour into our economy if the government would start taxing religion. Property Tax, income tax, sales tax on supplies, personal property tax on cars & vans. God of all people should pay his taxes.
melvyd2 3 years ago
How much more can we tax? We have sales tax, property tax, income tax, etc, etc. Keep in mind that it always comes down to the bottom line. People who give to religous causes, or to other non-profit organizations for that matter, give above and beyond what they give to the government. This money has already been taxed. Taxing religion isn't a solution, the solution is to stop spending money on things we don't need.
caedjar4 3 years ago 2
caedjar4: The church giver would not be taxed again, the RECEIVER would be. Just like any other business. The money I spend in retail stores has already been taxed, no different than spending your money with a church business. TV ministries, The Mormons, Catholics take in Billions and pay nothing on their accumulated fortunes. Yes we need cut spending but the religious loop hole loses us millions and is totally unfair to every other ligit business.
melvyd2 3 years ago
Actually, thats not like other businesses. The church is non-profit, which are not taxed the same. The money you spend in retail stores has already been taxed, however my point remains the same: the problem is not that we tax too little, its that we tax too much and the government is allowed to constantly spend their endless supply. The other thing you should keep in mind is that most Churches take the money they get and put it back towards the community, as it is a community organization.
caedjar4 3 years ago
Most church organizations DO turn a profit. Joyce Meyers 92 million in book & video sales in one year! As long as her assets are owned by "The Church" she escapes the taxes. How is that fair? The Jehovah's Witness, The Mormons have assets in the Billions so obviously they turn a profit. Our infrastruture is crumbling, mean while these organizations skate free. If they paid their share our personal tax burden could be reduced.
melvyd2 3 years ago
caedjar4: As for the church giving to the community...If they paid their taxes it would be the greatest thing they could do for the community. Those taxes could be used to create jobs, reduce personal tax burdens. The benifit of the church to the community is minimal compared to what those tax dollars could do. YES we need to spend WISELY but this loop hole needs to be shut down. Only tax the PROFIT of course, like any other business.
melvyd2 3 years ago
Again, Churches don't profit. Your example of Joyce Meyers 92 million in sales should be taxed if that 92 million goes to her; however, as you stated, it goes to the Church. The Church doesn't own that money, it cycles it back into the community through its events. Churches that hoard money are no longer NPOs and should be sued for violating the law. The difference is when the money goes to the oragnization or the individual. Government doesn't do any better job of spending our money.
caedjar4 3 years ago
The bigger problem in my opinion is that we've let Government continually get bigger in a time when it should be cleaned out. We seem to think that spending more money will generate more money, but how worthless is it to count adding jobs to our economy that last a couple months? Those people will be unemployed again almost immediately. The government should stay in the areas it belongs, and stop trying to control the private sector, which is where it wastes most of its resources these days.
caedjar4 3 years ago 2
caedjar: Oh come on. A church needs a 10,000 sq ft multi million dollar home? It is a loop hole. It's a way to have everthing they want in life, but not pay for it. Very little is spent on the publics benefit. Their braiwashed zombies barely make ends meet. They couldn't AQUIRE these things if their was not a profit coming in. If the church owns Joyces home the church should pay the taxes. WHOEVER owns it, pays the fair taxes on it. There would be fewer preachers living in million dollar homes.
melvyd2 3 years ago
Thats my point Caedjar. All the benefits DO go to Joyce including her multi million dollar 10,000 sq foot home. Claiming it is the churches is really a fraud that needs to be ended through new laws.
melvyd2 3 years ago
Although I support our President...any proud American should, it's logical reasoning such as this that worries me, how can he not see this?
FTUNU2 3 years ago