Should Obama step aside?

Damocles said:
Raise revenue by getting people to work. The only source of revenue is taxpayers, if you must raise revenue but cannot get congress to raise rates, your only other option is to increase the number of taxpayers.

Instead we find that Obama was not "focused" on jobs, he had other priorities until just after the debt ceiling was raised just long enough for him to get past the election. Now "suddenly" he has "turned" and is now focused on jobs...

I heard his Press Secretary out there saying that the President can't "make jobs", yet for the past three years we've heard how he has "created or saved" more jobs than there are people in America (yes, it is hyperbole). It is time to stop limiting the market and get people back to work rather than ensuring ever more dependence on the government, and it is time to recognize that the most effective way to get more revenue is to get people to work. It's time to stop the "malaise" speeches, and time to let Americans free to do what is necessary to get people back to work.
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Fuck Damo, you right wingers keep spewing the SAME bullshit. Obama could NOT focus on jobs, the Teapublicans created a phony debt crisis that has paralyzed Washington.

University of Texas professor James Galbraith - the explanation lies in what he calls the Washington elite's "deficit hysteria."

From this perspective, the spending cuts signed into law Tuesday were the culmination of the investment of hundreds of millions of dollars by moneyed interests into the development and inculcation of a specific Washington consensus that anyone who doesn't believe the government is dangerously overextended -- and who doesn't consider the danger of deficits as very, very serious -- is a wild-eyed radical.

"The rich have drawn a political box around what can be done here," said Damon Silvers, policy director for the big umbrella union AFL-CIO. "They are gutting the modern state in order to avoid a real conversation about taxes."

THE ARGUMENT AGAINST AUSTERITY

While Washington lauds its cuts, the traditional arguments in favor of deficit reduction probably have never been weaker than they are right now.

None of the economic signs that augur for deficit reduction are remotely visible. Quite to the contrary: A high unemployment rate, enormous unused capacity, inadequate market demand, cheap capital and record-low interest payments, incipient deflation, crumbling infrastructure and underwater homeowners all point to this being an ideal time to increase government borrowing -- to invest in infrastructure, provide debt relief to homeowners and generally increase demand and create jobs.

With American banks and other businesses sitting on trillions of dollars they refuse to lend or invest, one can hardly accuse deficit-spawned borrowing of "crowding out" private loans. And with people lining up to lend money to the U.S. government for long periods of time at near record-low rates, one can hardly argue that the deficit is driving up interest rates.

Austerity Top Priority As Economy Sputters, Americans Suffer

And Washington has decided to bring back the Hoover/Mellon model...GUARANTEED double dip recession and REAL suffering for all but the wealthy.

real_gdp_growth.80133152_std.JPG
 
Lowaicue said:
I was suggesting that Obama, as representative of all party politicians, step aside. That is that doctors and not politicians be employed to attempt to cure the sick.
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Lowaicue, Americans are not 'quitters'. But I am extremely disappointed in Obama, who has turned his back on WHAT build America and made her great. Obama has the bully pulpit but he doesn't have the courage to use it.

We need an FDR, Truman or a John F. Kennedy:

How far America has fallen. The 'city upon the hill', the 'can do' spirit has been replaced with ...NO, WE CAN'T!

We Choose the Moon

WeChooseToGoToTheMoon.jpg


"Those who came before us made certain that this country rode the first waves of the industrial revolutions, the first waves of modern invention, and the first wave of nuclear power, and this generation does not intend to founder in the backwash of the coming age of space. We mean to be a part of it--we mean to lead it.

We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard, because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one which we intend to win!"

President John Fitzgerald Kennedy
Address at Rice University on the Nation's Space Effort, September 12, 1962
 
Lowaicue said:
I was suggesting that Obama, as representative of all party politicians, step aside. That is that doctors and not politicians be employed to attempt to cure the sick.
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It just doesn't work that way here. We don't go down without a fight.
 
Annie said:
Umm, lie. They did however make clear that if anything changes regarding debt and cuts, they may downgrade further.
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The liberal propaganda machine- Throw a lie out there and see if it can stick. Of course its' chances of sticking are vastly improved when you have kool aid drinkers like frog at the trough.
 
Lowaicue said:
And now China (Xinhua) are suggesting a new global reserve currency, the RMB. You just don't see these things coming do you?
It won't happen ... yet ... but it will happen.
Why do they suggest this?

SHANGHAI (Dow Jones)--China has "every right now" to demand the U.S. address its debt problem following the Standard and Poor's decision to downgrade U.S. government debt for the first time in 70 years, the official Xinhua news agency said Saturday.

In a biting commentary, the state news agency urged the international society to improve supervision over the U.S. dollar and said the world may need "a new, stable and secured global reserve currency to avert a catastrophe caused by any single country."

"China, the largest creditor of the world's sole superpower, has every right now to demand the United States to address its structural debt problems and ensure the safety of China's dollar assets," Xinhua said.

The remarks came after the Standard & Poor's Friday removed the U.S. government from the list of risk-free borrowers, citing concern about the rising burden of long-term federal debt.

China, with over $1 trillion invested in U.S. Treasurys, is among those that would be most immediately affected by any U.S. default or downgrade.

"To cure its addiction to debts, the United States has to reestablish the common sense principle that one should live within its means," Xinhua said.

"It should also stop its old practice of letting its domestic electoral politics take the global economy hostage and rely on the deep pockets of major surplus countries to make up for its perennial deficits," Xinhua added.

Read, read and read again the final sentence. Read it til you come to your senses ... those of you who still have them.
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I made a post about this a few months back...
 
Annie said:
Umm, lie. They did however make clear that if anything changes regarding debt and cuts, they may downgrade further.
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So now dime store Annie knows more about the economy than Standard and Poors.

Too fucking funny.
 
poet said:
In answer to your question: In lieu of what? Or whom? Please. If the goddamn Republicans would get out of the goddamn way, and let him run his presidency, we wouldn't be in this fix. But when you have folks trying to trip you up, every hour of every day, it must be hell on Earth for him. If he is so lucky as to win a second term, he better full steam a goddamn head, and tell the Repubs they can kiss his narrow ass....and often.
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HEY DUMBASS!!

What the fuck happened to the two years where the Democrats ruled in all three houses?
 
USFREEDOM911 said:
HEY DUMBASS!!

What the fuck happened to the two years where the Democrats ruled in all three houses?
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What happened was there was no republicans in the way of his Presidency and we fixed the turbo in the New Chevy Desctructor, turned the car around and started heading in exactly the same direction Bush had us heading in (remember we were going in "r" at that time, reversing towards that cliff), using the turbo and with all due speed...
 
Damocles said:
What happened was there was no republicans in the way of his Presidency and we fixed the turbo in the New Chevy Desctructor, turned the car around and started heading in exactly the same direction Bush had us heading in (remember we were going in "r" at that time, reversing towards that cliff), using the turbo and with all due speed...
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This was for the Democrats who are screaming that it's the Republicans fault that a better bill wasn't passed and yet, they had TWO FULL YEARS TO PASS WHAT THEY WANTED.
 
Damocles said:
What happened was there was no republicans in the way of his Presidency and we fixed the turbo in the New Chevy Desctructor, turned the car around and started heading in exactly the same direction Bush had us heading in (remember we were going in "r" at that time, reversing towards that cliff), using the turbo and with all due speed...
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Yeo, and what would have happened if he hadn't? If he had not done the stimulous packages? My only regret is what he didn't get us out of the wars. I still think the stimulous was needed and if hadn't done it, you all would be bitchin about it!
 
Rana said:
Yeo, and what would have happened if he hadn't? If he had not done the stimulous packages? My only regret is what he didn't get us out of the wars. I still think the stimulous was needed and if hadn't done it, you all would be bitchin about it!
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We might have actually had a President with an actual stimulus plan, that really meant it when he said "shovel-ready", and we might have a growing economy rather than a crippled one with too much debt wasted on false stimulus while our dollars were dropping due to the magic of QE1 and 2...

What would have happened would be different certainly. But what I know happened is that we hired somebody with no plan, that whines all the time about the problems that he asked to take charge of and blames everything on somebody else. It's like he sees no relevance between his actions and the results, and his most avid followers seem to have the same disconnect. It's all good though because there are a ton of ODS (Obama Disappointment Syndrome) lefties out there, as well as the unaffiliateds..

We can't afford four more years of rudderless "leadership" with secret plans they won't publish. You, of all people on this board, should remember the result of "secret plans" from a past presidency.
 
Rana said:
It is not a lie, I would like you to show me that it is, please...
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Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act. Key macroeconomic assumptions in the base case scenario include trend real GDP growth of 3% and consumer price inflation near 2% annually over the decade.
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That is the paragraph from which the DNC liars and their supporters grabbed the quote to support their claim that Republicans are responsible for S&P's downgrade. When put in context, the quote being incorrectly used is clearly only in reference to their reassessment as to whether the Bush tax cuts will expire in 2012 as scheduled, and has nothing to do with the decision to downgrade the U.S. government's credit rating.
 
I don't base anything on one week in the market. The two full years Obama has in the books are double digit returns. I think he needs a third or he's done.
 
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