Obamanomics 101 - Obama's Real Fiscal Policy

Current Unemployment Data http://bit.ly/a22lo
Current Inflation Data http://bit.ly/qSjH5
1980 Unemployment Data http://bit.ly/8rbyq
1980 Inflation Data http://bit.ly/12emrl
Obama's Make-Believe Fiscal Conservatism http://jijr.com/hrmc
U.S. Bureau of Labor Statistics http://www.bls.gov/

Category:

News & Politics

Tags:

• Obama
• Fiscal
• Policy
• Debt
• Deficit
• Treason
• Economic
• Economy
• Economics

[bittergunowner12]

The words fiscal stability and Obama just don't mix...

[BasicEconomics]

It's not just about Obama and the Dems Congress, however they are certainly exacerbating the problem...

[Questfortruth86]

BasicEconomics, I disagree with the general notion that the credit crunch is what caused this mess. Austrian business cycle theory is quite clear about certain interventionist policies, and their effects on the volatility of the business cycle. For me its clear as day, FED easy money policy, huge deficits, and over-taxation built this mess; other various forms of regulation and government intervention perpetuated it. Capital cannot be overtaxed, leads to low savings and low capital accumulation.

[BasicEconomics]

of course there are many contributing factors and you pointed out some good ones, I do believe Fannie and Freddie were the first big link.

Another preceding contributing factor was the minimum wage hike a couple years ago when the dems took over congress. Increases in minimum wage are strongly correlated with unemployment.

I'll have a forthcoming video on unemployment that talks about this in more detail.

[Questfortruth86]

Do you know where I can get Obama's detailed tax plan? I can't find any consistent information.

[BasicEconomics]

good question, It keeps changing, we won't know for sure until the 2010 budget is passed

[caligvla71]

I showed this to my professor, he said it was 100% dead on!

[jumpoutatree]

And what about the naked short selling hedge fund attack on Lehman Brothers that precipitated the financial collapse?

[jumpoutatree]

Is the misery index the only way to assess the health of the economy? Perhaps there are other factors that, when added to the ones used in the misery index, actually make the case that the economy of late 2008 was worse than the 1970s.

[stormbringerII]

@CHardi1099 not a chance, nothing like that scenario followed the inflation in the late 70's and by the mid 80's we were all living the high life again. In fact we were feeling so good we started the very fires of rising house prices that drove consumers in North America and Europe to feel that they are wealthier than they really are. Changing a mindset forever based on the crazy thought that as long as my house is gaining in value I can spend, spend, spend.

[zxcvbnmjhgfdsa1]

Misery index is misleading it doesn't talk about the amount of wealth lost. Obama would have had a deficit no matter what if banks don't lend.

[CHardi1099]

All I have to say is prepare now, with non-perishables, and gold or hard assets, don't save money unless you plan on using it to keep your fire going. There is no good reason to save when Inflation increases by 2019, if there is going to be a 200% GDP. I think it is a 5% now which isn't too bad. But if the CBO is correct and Obama keeps spending on track its going to get a lot worst and you and your children will be dealing with this as long as 2080 at best. If CBO is correct.

[CHardi1099]

CBO says "The Debt is unsustainable!"

cbo(dot)gov/ftpdocs/104xx/doc1­0455/Long-TermOutlook_Testimon­y.1.1.shtm

[bittergunowner12]

Whens the next video coming out?

[HarrySeeword]

I understand that Napolitano is buying office products in bullk. That should save a few thousand. I hope we're still cranking out those Obama commemorative plates as well.

[Lancer7489]

So basically Obamanomics makes zero sense, and is going to do a hell of a lot more damage to the economy than anyone thought was possible. Keep making these videos, they make a lot of sense and help people who aren't economic majors in college, namely me, understand a very complicated subject.