Originally Posted by HOT_WASABI_JUNKIE
Yes and no..
I'm sure you are aware of the term "It takes money to make money"..
Obama is not making money he is writing IOUs to pay for everything
(Obama is saving jobs, those jobs generate money,Google the Kensian theory of economics)
Well It does, Obama is having to bail out these big banks and industries to save American jobs. Do I agree with it...no. I think if your business fails from bad management and bad decisions ...oh well too bad GM, too bad AIG, Too bad Citibank...That's the free market...The strong survive...ect, ect...
Agreed (cool)
The problem is that those companies are not just high powered CEO'S and suits.Those companies are the financial lifeblood of millions of american families.So it's in our best interest on the short term to keep them afloat rather than have another few million people collecting unemployment.
Save the company yes fire the suits that caused the problem not keep them hired give them millions in bonuses and pretend you knew nothing about it
( It was Senator Jack Kemp (R) who put that provision in the stimlus package)
The "New Deal" brought us out of this countries first great depression,that was just as big for it's time than this stimulus package is now.
New Deal caused the problem to continue it did not solve it. When you build a bridge you are creating a temporary job. When the bridge is built everyone is let go.
(no, you build another bridge)
Let's face it , we could use an investment in our countries infastructure ...Does anyone remember that bridge that collapsed in St.Paul a few years back?
Yes from an incorrect brace being used.
(on a 40 year old bridge)
If you look at history, this country has had it's best economic growth during
democratic rule.
The moments of best growth were wars and sure mostly started by Democrats but I think the reasoning is not sound
( Democrats starting wars? really?)
Republicans talk the talk but can turn a surplus into a deficit as fast as you can say "George W".
If you think it started with Bush then you ignore the so called surplus Clinton claimed were all pie in the sky projections based on the dotcom area not bursting. If that is the case Obama is responsible for everything since he took office. You cant blame Bush from day and excuse Clintons legacy and then excuse BO because he inherited it.
(Clinton came in with a deficit from Bush senior, Big Bush, George H W, whatever you wanna call him...All I can tell you is between me and my friends, we all did better when he was in office, money was flowing like BS out of a republican...OOPs..)
Just imagine if GWB was handed the country as in bad a shape as Obama received it...Where would we be now?