Obama's economic policy failed, GOP will be worse

Tom Ferguson: Stimulus too small; increasing money supply won't work; austerity will raise unemployment
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[Knossos22]

@Boyd0006 Sorry dude, your logic is a monumental FAIL! And falls into the fallacy of the excluded middle.

Read about false dilemma fallacy on Wiki and rethink!

Much of the past century, the tax was 91% on the top. Dropped to 70% from 88% under Kennedy. This tax was lowest just before the 1929 crash and again just before the 08 crash. If the money is stuck at the top the economy grinds to a halt! If the money goes to the bottom they spend it! All of it!

[bigge525]

@Boyd0006 Well your logic doesn't hold up when you look at "social democracies" across the globe that have a tax system that re-distributes more wealth back into the economy, and have a lower un-employment rate. Sorry, but nobody except the wealthy Wall Street and Washington elite had the means to leverage all those toxic assets that crashed the economy. So there is one group that overwhelming deserve the blame and it sure as hell isn't Main Street and U.S. workers.

[Beave162]

How can you talk about a 'stimulus' like Japan enacted and not talk about where that money comes from? Japan created money and backed it against the dollar by buying up T-bills! The US gets cheap goods but has to make another charge to the credit card. At a certain point, the output of the faux-economy won't cover the interest on the debt. We have no choice but to inflate the currency which destroys the middle and lower classes. This video ignores these facts. Ron Paul 2012!

[JakeBlakeProject]

Obama's economic policy is succeeding in-so-far as it's destroying whatever is left of the private economy and middle class... So check out my latest entertaining vid on the subject.... Planned collapse is the Cloward/Piven/Obama/Soros deal....

[flynn2008]

@Dameocrat

Yeah because force people to subscribe what the messiah and his party do would be such refreshment to society.

[largo2001]

@sabiki74

Then, why don't I destroy all the schools so that we can have more stimulus?

I grow tired of Keynsian crap.

[sailgoal]

Obama has failed us. Citizens wake up.  NOBOMA 2012.

[dangerouslytalented]

@wph00 The war on poverty was working until the 70s when it was curtailed because of vietnam. When you have a massive underclass, there are no customers, and with no customers, you have no profits. The rich have been getting richer,and the middle class is shrinking, because the rich do not care about creating jobs, because there are no profits in creating jobs in America. Instead, they are putting money into dirivitives that do nothing but inflate themsleves and the price of fuel and food.

[wph00]

@dangerouslytalented are you kidding me. We have spent trillions on the war on provety. Guess what we lsot the war. We pay for the poor to have some place to live, we pay their light bills, we pay for their education, we pay for their health care and eventually pay to keep many of them in jail.....enough all ready no more money for the poor!

[mikeoli]

@Dameocrat you are a fool ,I'm a long time fan of Ron Paul and the socialist dominated gov't money policies since the Fed and more under F.D.R. destroyed America, so why would anyone continue to follow the same path again and again. I hate both political parties, you should read a book called Triumphiant Plutocracy in which a Senator from So Dakota wrote about America from 1870 - 1920 in which he takes a decided Socialist stand but it shows how the End started then read Fabian Highway

[btigtime2]

I can not believe nobody could see this coming when our industries and Government invested in other countries besides our own.  I've seen this coming since the 90's. The real crime about this is the Chinese campaign contributions given to both Dems and Repubs starting with Clinton. This is a real crime with real live treason. We need Dungeons, Ropes, and Pitchforks. Buy Ammo

[jstncbllr]

@ytgv3fc7 Fiat vs commodity is too complex for youtube discussion. But it seems to me gold provides a false sense of stability, and gives us less control over the domestic economy. I find these points convincing:

bit ly/9AswdY

Bernanke's talk on gold's role in the great depression is also interesting:

bit ly/Acbq