Obama: Keynesian Economics, or Cloward Piven Strategy?

Got this from an article

http://conservativedailynews.com/2010/07/obama-keynesian-economics-or-cloward-piven-strategy/

Here is a video that represents the same thing



Basically suggests that Obama is trying to change our Government type from a Capitalistic Democratic-Republic to Socialism through orchestrated crisis.

Just was wondering thoughts?

If you want to read the article, here it is.

 

Well, let us not get to the extremity of thought, but his ideology does kind of support socialism. However, most Democratic liberal presidents do. Europe is basically the living ideology of socialism.

Obama is just a not-so-great president in my opinion.

 

I read a couple lines and this is conservative filth. Obama did extend tax cuts for everyone last year. The myth that giving tax cuts to the rich stimulates the economy is simply a myth. It doesn't work as it just makes the rich richer which means the poor get poorer. The health care law only forces businesses with more than 50? employees to provide coverage and almost all do already so that point is simply a conservative distortion of the facts. The financial reform bill targets mainly non-banks and the banks aren't lending anyways.

Obama isn't the one spending. Congress is. Stop blaming him for something he has no control over. The health insurance point is crap too. Instead of hospitals or doctors or the government paying bills of those who can't afford emergency care, insurance companies do. The more people that have insurance, the lower the cost for everyone. This is a fact. It is not debatable in any way. That's the whole point of the individual mandate. It reduces costs in the long run. The point about infrasture is void because he wanted to pass a bill to fund that and congress refused to tax millionaires $700 per $100,000 that they made over $1,000,000. That would have taken money that would not have been spent and put it to work in a way that gives people jobs directly, gives materials makers money to hire people, fixes infrastructure that will create jobs in the future as well as getting people out of unemployment which reduces unemployment costs while bringing in taxes on those that are working as well as them spending their money which further stimulates the economy.

In short, that whole article is far right leaning distortions of the truth.

 

^ THIS IS TRUE.

However, Obama's failure to remain adamant to his beliefs is what makes him a bad president, because his ideas in essence are not bad at all.

 

I'd just like to point out that I put this up for a discussion, because it is something I found interesting. I am not saying I agree with the ideas mentioned.

Now, about giving tax cuts to the rich and stimulating economy. It makes the rich, the business owners, have more money. When business owners do not have money, they have to cut employees, reduce cost, and maybe even close. If our government is taking away money from the rich and spending it (like proposed in Obama's Jobs billl) on the poor, it does not stimulate to the same extent as the trickle down effect. Even Keynesian economics is flawed.

When the rich get richer, they do not just pocket it or spend it all on degradables, they reinvest in our economy through stocks, businesses, and new hirings.

I guess I'm failing to see how the poor get poorer when the rich get richer.

Let me just remind you that it was the leftist organization ACORN (of which Obama was actually a lawyer, some suggest) that forced the banks to loan to all sorts of people and get us in the mess in the first place.

 

About your last point... No one forced them to do anything. They got greedy and started loaning to people that shouldn't have gotten approved. Regardless, trickle down economics does not work. The middle class is the biggest driver of the economy, not the rich. That means as the divide between the rich and poor grows, everyone suffers. The economy drops off because there is no consumers so the rich start losing money and it turns into a depression. Helping the middle class will help the rich in the long run.

 

Trickle down economics don't work. When the rich get richer, they move their corporations overseas, fund lobby groups, move fortunes to tax havens, and buy houses in nantucket.

ACORN also works with katrina relief, living wages, affordable housing, education reform etc.

Obama hasn't been able to do shit. The right have all signed away their souls to the "taxpayer protection plan" and refuse to cooperate. You want spending cuts? Cut defense. I don't see the upper class requesting foodstamps, working 3 jobs, or losing their homes from faulty loans.

Banks financed subprime mortgages because it was extremely profitable. Top goldman execs made billions off the collapse.

 

They have cut defense, majorly.

 

Well, if you don't believe me that ACORN used the "Commnity Reinvestment Act" to pressure banks into lending, maybe you will believe CNN (which is a liberal media source by the way).



Also, back to Reaganomics Vs. Obamanomics.

Reaganomics worked, he inherited a troubled economy just like Obama; however, he got us out of it.

Obama suggests spending more money, printing money at an unprecedented rate, and barrowing money at an unprecedent rate, all to lower our defecit.

Look to Greece & France! They tried the same policies that Obama is attempting, they're economy is in shambles.

Cut spending, cut barrowing, cut printing money, lower the defecit.

 

ACORN is a scandelous corporation. They have been caught for voter fraud numerous times. Their main goal can be summed up as getting more votes for the democratic party.

They're bad FAR outweighs their good.

Also Obama hasn't been able to do anything? How about his first couple years in office? Obama hasn't been able to do anything because the people in congress understand that, given the opportunity to do whatever he wants, Obama would deteriorate our nation.

 

Reagan cut taxes massively, created massive deficits and backtracked by raising taxes 11, yes 11 times to get the deficits down. You are sadly misinformed about Greece and France. All of Europe (including both those countries) are making MASSIVE spending cuts. Spain did it and the country is slipping father into recession. Stop simply bashing Obama for a second and join us in the real world and look at what is going on rationally and you will see that Obama has not done a bad job. The economy IS improving regardless of what you say or think.