It's an Obamanation

Wow, our Obama wants to reach out to moderate terrorists of the Taliban in Afghanistan. In a recent poll out of 186,064 Americans, 66% like Bush's policy better. I guess we really never opened our eyes to the real president and his amazing actions. It might have taken him awhile to comprehend the situation of 9-11, but he kept this nation safe until his term ended. We all should open our eyes and realize that this president doesn't know what he is doing. The recession is on track to be longest in a postwar period. His stimulus created pointless spending in projects such as volcano monitoring. We could have spent that money on people's credit problems, or financial institutes such as banks. To everyone reading this, please open your eyes.

 

1. 9/11 - Government
2. The recession was started by Bush in the first place
3. If you leave the war on good terms they won't strike.
4. The stimulus went to alot of things including credit.
5. My eyes are more open than you are.

Bush
- lead us into a pointless war.
- Started a Recession
- Made it so the rich got richer
- Wasn't too involved with helping average citizens.

 

Obama may be inexperienced, but everything he is dealing with is the result of Bush's actions, not his, remember he's been in office for less than less than two months.
I'm not a Democrat or a Republican and I lean more towards conservatism, so this is not a biased view in any way.

 

Because in order to not get attacked, you have to become friends with the abusers.

Actually, the recession was being processed before bush got into office. I was never a fan of bush, but he actually wasn't that bad. He didn't cause everything. The war was needed to an extent, you can't just let people attack you and do nothing.

 

First off? What poll?

His foreign policy is an excellent ideas, his economic policies are a bit iffy.

 

Yeah, what an idiot. It's far better to continue occupying their country and telling them what to do!

[citation needed]

If by that you mean involved our nation in wars that have resulted in the death of thousands of soldiers and wasted billions, if not trillions of dollars.

This stimulus bill is just utter keynesian nonsense. Hey Obama, how about you stop stealing our money you leech.

 

It makes him look bad the longer he was in office, and I can clearly see he did little to stop it. Especially compared to Obama.

I'm still not 100% that the government had no part in it. I'm not even 50/50.

 

Some things you can't really stop. The Great Depression was unstoppable. You can't fully compare someone who was in office for 8 years to someone in there for less than two months.

 

Since we are in a Democracy, they could have just put strict rules in the stock market, but I doubt they would have done it.

 

You can't control privately owned companies.

 

The poll is from AOL. Just to let you all know. Before Bush, we actually had EXTRA money. Now we are in 11trill of debt... Bush put us 11 fucking trill in debt... That really does not help the economy... Its not bushes fault per say that the economy failed, but he should have seen it coming and trying to get congress to try and pass some laws or shit... idk... what goes up, must come down.

Without it the economy would fail more... Your not an economist, so you have no idea what your talking about.

Obama said he would reach out to them if they accepted Iraqs terms and they put down their arms... That means... no more fucking fighting, and a agreement with the government... Why is that bad?

It creates jobs for those with the abilities to do that... it also increases research that will help save peoples lives later, and save money.... :/

 

Neither are you. How can you possibly claim simply pumping money into the economy will somehow magically revive it? Printing bills does not "stimulate" an economy. Lowering interest rates to record lows does not "stimulate" an economy, rather just leads to increased malinvestment.

Why not just institute a government program that pays individuals for digging holes? Would this not give individuals JOBS, jobs that will in turn, stimulate the economy?

If you want a glimpse of how well stimulus packages work, just look up their effectiveness on the Japanese recession in 1990's.
http://mises.org/story/1099

 

Ummmm, I never said I was... I am basing what I say off of like 5 different economists that were on BBC... :/

Lowering interest rates is not part of the plan. Printing money is not part of the plan. The plan is to CREATE or SAVE 4.5 MILLION jobs. This is being done through all types of shit... For people with every talent and for people with all abilities basically. The stimulus bill has nothing to do with printing more money or lowering interest rates.

 

Oh, jeez

http://www.nytimes.com/cfr/world/slot3_20090126.html

Obama's Stimulus Plan

Obama's plan aims to stimulate employment, certain critical economic sectors, and U.S. consumer spending. It specifies $550 billion in spending on new projects

How Economic Stimulus Works

Economic or "fiscal" stimulus stands in contrast to monetary stimulus, a process through which the U.S. Federal Reserve Board adjusts interest rates to encourage or discourage lending. By 2009, the Fed had lowered rates to near zero. Because it can't lower rates below zero (which would amount to lenders paying people to take a loan), the Fed had few remaining policy options. Economic stimulus is another means by which a government can seek to boost its economy, either in the short term, by encouraging consumers or companies to consume goods, or in the longer term, by encouraging the growth of businesses and the creation of jobs through investments in infrastructure and research.

 

We are not talking about Economic stimulus... We are talking about obama's
economic stimulus plan.... the 750bill thing... The feds lowered rates... but they started doing that a long time ago... this plan has nothing to do with that...

 

That article was about Obama's Stimulus Package...

http://www.nydailynews.com/news/pol...its_official_president_barack_obama_sign.html

Here's another...

Needless to say, the package is obviously designed to inject money into the system, I don't think there's any argument to that.

"President Obama [is] saying, 'We're going to put some carrots in, lower interest rates,'" Sen. Chuck Schumer told reporters. "But there are going to be some real sticks to force the bondholders and the servicers to the table."

"Interest rates are expected to stay unchanged as they are already close to zero, but the Fed's statement, due at 2.15pm local time (1915 GMT), will be scoured for news on further credit easing measures."
http://www.guardian.co.uk/business/2009/jan/28/obama-stimulus-tax-cuts

 

The part about interest rate cuts is about the 50billion plan, not the 800bill one... Its the government paying for interest on peoples loans I believe... Its to held struggling families keep the homes they can not afford... Not federal interest rate cuts.

 

Wait...what?

The point I' am trying to make here is that any form of Keynesian economic stimulus entails the lowering of interest rates in order to prompt up the struggling economy. This too, is the direction Mr Bernake (chairman of the Fed) is taking.
http://www.guardian.co.uk/business/2008/dec/18/federal-reserve-measures-ben-bernnake

Whether it is in the "50 billion stimulus" or the "800 billion stimulus" is beyond the point. The Fed will continue to maintain an insanely low interest rate during this economic downturn, this is not the way to go.

 

Why is lowering interest rates bad? If they are high it is harder to buy a home, a car or renovate your house... You need to spend money to get the economy back on track... Lowering interest rates and giving tax breaks to people who spend money is a good thing yes?

Plus, this thread is about Obama... We kinda got off topic talking about the economy in general....

 

I' am referring to business loans, where entrepreneurial decisions are clouded by the artificially low interest rates. It gives out a false signal that there are more resources available than what there actually is in reality. It distorts the true amount of saving that are present.

Hence the boom and then the corresponding bust.