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Obama to waste $1 TRILLION on GARBAGE

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Haliphron
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25 Mar 2009, 11:50 am

GeorgeM wrote:
To Republicans/Conservatives:

You spend all this time ripping Obama's policies to pieces. May I ask, what exactly is your plan to getting the economy back on track and the fixing the other various problems?


Their plan is the usual supply-side economics. It will certainly make the top richer but will NOT help the economy because they represent the interests of the coporate elite and they could care less about the overall economic health of the country.



Sand
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25 Mar 2009, 11:52 am

Haliphron wrote:
GeorgeM wrote:
To Republicans/Conservatives:

You spend all this time ripping Obama's policies to pieces. May I ask, what exactly is your plan to getting the economy back on track and the fixing the other various problems?


Their plan is the usual supply-side economics. It will certainly make the top richer but will NOT help the economy because they represent the interests of the coporate elite and they could care less about the overall economic health of the country.


Perhaps they couldn't care less.



Haliphron
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25 Mar 2009, 12:04 pm

Cyanide wrote:


Umm, lowering taxes DOES help the economy, because it gives people more disposable income. More disposable income = more spending = better economy. Though, since our government already has been putting us in major debt for years (thanks to Bush, and now Obama), lowering taxes is kind of a stupid thing to do without seriously cutting spending first.

As for the banks failing, the government guarantees... I think it's $200K of savings now (even though that's just more printed fiat money, but oh well). I fail to see how you can justify rewarding banks for their incompetence. The fact that giant banks and corporations know they can rely on the government creates moral hazard. This pretty much means that they will gamble in stupid ways, because they know that the government will cover their losses. This makes everyone worse off. Conversely, If the government *didn't* intervene like this, then businesses/banks would have to act more prudently... otherwise they would fall without the government catching them (like they should).


Disposable income??? MILLIONS of people have lost their jobs and millions more are dangerously close to losing theirs!
ONLY a small percentage of affluent people who own property that generates revenue have the luxury of disposable income.Supply-side economics deliberately ignores the other crucial half of the equation which has the UTMOST RELEVANCE at the present time: DEMAND. The economy is not going to recover until the demand is restored and people start spending and putting money back into the economy and investors are willing to risk venture capital.



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25 Mar 2009, 12:40 pm

Thats why I voted for McCain.


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Sand
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25 Mar 2009, 1:34 pm

Shadowgirl wrote:
Thats why I voted for McCain.


There are all sorts of interesting ways to commit suicide. The current national choice gives the vague appearance of trying not to.



ooOoOoOAnaOoOoOoo
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25 Mar 2009, 1:41 pm

Anytime there's oodles of money there's corruption. I don't know how dissolving the banking system is going to solve anything. Corruption is part of the human condition. Face reality, folks!



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25 Mar 2009, 1:41 pm

Sand wrote:
Shadowgirl wrote:
Thats why I voted for McCain.


There are all sorts of interesting ways to commit suicide. The current national choice gives the vague appearance of trying not to.

Poison instead of hanging?


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25 Mar 2009, 2:09 pm

GeorgeM wrote:
To Republicans/Conservatives:

You spend all this time ripping Obama's policies to pieces. May I ask, what exactly is your plan to getting the economy back on track and the fixing the other various problems?

I'd invest in massive defense contracts and infastructure projects what will create good paying jobs that will in turn generate income taxes to pay the costs of the projects off.


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Haliphron
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25 Mar 2009, 2:14 pm

John_Browning wrote:
GeorgeM wrote:
To Republicans/Conservatives:

You spend all this time ripping Obama's policies to pieces. May I ask, what exactly is your plan to getting the economy back on track and the fixing the other various problems?

I'd invest in massive defense contracts and infastructure projects what will create good paying jobs that will in turn generate income taxes to pay the costs of the projects off.


:lmao:

You're joking, right?



John_Browning
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25 Mar 2009, 2:20 pm

Haliphron wrote:
John_Browning wrote:
GeorgeM wrote:
To Republicans/Conservatives:

You spend all this time ripping Obama's policies to pieces. May I ask, what exactly is your plan to getting the economy back on track and the fixing the other various problems?

I'd invest in massive defense contracts and infastructure projects what will create good paying jobs that will in turn generate income taxes to pay the costs of the projects off.


:lmao:

You're joking, right?

Considering how much of the economic stimulus bill is being squanderd by the corporations, what would you suggest to get them to get the economy moving again?


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Cyanide
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25 Mar 2009, 4:25 pm

Haliphron wrote:
GeorgeM wrote:
To Republicans/Conservatives:

You spend all this time ripping Obama's policies to pieces. May I ask, what exactly is your plan to getting the economy back on track and the fixing the other various problems?


Their plan is the usual supply-side economics. It will certainly make the top richer but will NOT help the economy because they represent the interests of the coporate elite and they could care less about the overall economic health of the country.


Umm, Obama's plans are already making the top richer and representing the interests of the corporate elite. Not to mention that it's really not helping anything. Unemployment is still increasing and homes are still being foreclosed.