Obama Presidency Discussion Thread

[FoolKiller]

the plan will put many people back to work, and thats what we need.

Yeah, good thing they implemented it so that we won't hit that 8%-9% jobless rate they predicted, right?

If they knew what they were doing and thought it was working, then why is an Obama advisor suggesting more stimulus?

http://www.bloomberg.com/apps/news?pid=20601068&sid=ajQbZ.WrAVwQ

It sounds to me like they are admiting they screwed up, and our reaction should be to allow them to do it some more.

By the way, how much fake money must you spend to make real money? How long and how much inflation does it take to make up that debt?

 

[Joey D]

Wait so you honestly think that just because Obama took office the unemployment rate went up? The man hasn't even been in power that long yet. I think Bush's policies had something to do with it as well. I'm not saying Obama should get off scott free here, but let's not point all the fingers at him since we entered the economic melt down under Bush's watch.

 

[Solid Fro]

You're forgetting that it takes time to repair something. Things are always darkest before dawn and As soon as all these plans start going into action their going to need to hire new construction workers, researchers, etc. You can't have things isntantaneously.

You keep telling yourself that.

CRISIS!!! WE NEED TO DO IT NOW! AS FAST AS YOU CAN! DON'T READ THE BILL, JUST PASS IT! CRISIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIS!!!

The government shouldn't "repair" anything.

It's not about when and where unemployment started to raise. It is the fact that Obama stated under his plan, unemployment would not surpass 8%.

Ooops.

 

[FoolKiller]

Wait so you honestly think that just because Obama took office the unemployment rate went up? The man hasn't even been in power that long yet. I think Bush's policies had something to do with it as well. I'm not saying Obama should get off scott free here, but let's not point all the fingers at him since we entered the economic melt down under Bush's watch.

While I admit you are correct.

Why not? Bush got blamed for a recession that began in August of 2000.


But in all reality, everyone is to blame as the current situation is the result of both parties enforcing the Fed and supporting their failed policies.

 

[Omnis]

I said in my posts that Obama's not 100% but I garuntee you he's doing a better job than anyone the GOP would put out there. I love how people from the right are completely fine with invading a country and taking away civil rights, but when someone touches their money they freak the hell out and declare the world is over. Simple economics - you have to spend money to make money. Convervatism doesn't work and will never work in times of crisis (which IMO we are in). We have to allot a certain amount of time for Obama's stimulus to kick in. Instead of blindly throwing jabs and condemning the plan (such as Hannity and his worthless waste 101 program or whatver, does he not realise that for those tasks to be done, their has to be people employed to do them???) the plan will put many people back to work, and thats what we need.

You think Bush was a conservative? Lol! By the way, have you heard of Ron Paul, who has been sounding the alarm on this mess for the past few decades? Conservatism does work in times of crises. I bet you've never heard of the depression of 1920. Nobody remembers it because the right steps were taken and it was over in a year. Harding cut spending and taxes and allowed the correction to occur. To get a true understanding of what's going on, I suggest you read Meltdown by Thomas Woods, a historian and economist.

Or you can watch a speech of his dealing with the book:


And if you have another hour, here is a related video:


The literature and both videos should give you a better understanding.

 

[Silverzone]

Wait so you honestly think that just because Obama took office the unemployment rate went up? The man hasn't even been in power that long yet. I think Bush's policies had something to do with it as well. I'm not saying Obama should get off scott free here, but let's not point all the fingers at him since we entered the economic melt down under Bush's watch.

👍

 

[Joey D]

While I admit you are correct.

Why not? Bush got blamed for a recession that began in August of 2000.


But in all reality, everyone is to blame as the current situation is the result of both parties enforcing the Fed and supporting their failed policies.

Ya I know Bush got blamed for the 2000 recession, which I will tell you I think had more to do with the Clinton era. Although Bush continued bad policy making and ended up spending a ton of money in international conflicts that were more or less win-less.

You are right, both sides are at fault for the melt down though, which is why I'm fairly certain all politicians are idiots.

 

[Solid Fro]

By the way, have you heard of Ron Paul

Who is Ron Paul?

 

[FoolKiller]

Who is Ron Paul?

The only candidiate in 2008 that could have taken the oath of president and not been lying.

 

[Joey D]

The only candidiate in 2008 that could have taken the oath of president and not been lying.

I wouldn't go that far, he is still a politician. But I wish more people would have seen that Ron Paul would have actually done something that worked well for the country.

I will give the Obama administration one thing and that is they are attempting to fix the problem but it's not really working. I guess time will tell if it actually does work.

 

[Diego440]

I'm making those on the Left angry. I must be doing something right.

er... yeah. All hail Solid Fro, creator of angry leftists

 

[YSSMAN]

But in all reality, everyone is to blame as the current situation is the result of both parties enforcing the Fed and supporting their failed policies.

While I agree, things are far more complicated than just that. Too complicated, I think, to highlight in any kind of way that does it fairly. Both parties, in administrations dating back further than any current generation can relate to, share just as much blame as the other.

The problem is that while we (for the most part) know what we should we doing, none of us seem to be willing to take the blame, and make the sacrifice. That, of course, is unfortunate, particularly with the long-term problems that are going to come of it. Whether its the housing crisis, the problems in Detroit, the environment, the situation in the Middle East, etc... Until we're willing to deal with our problems, they won't go away.

 

[Tornado]

Why is it that everytime one of these fights breaks out, the cliched argument used to support Obama is that "at least he isn't doing what Bush would have done/did."
I don't pay that much attention to these things anymore, but I'm pretty sure the main difference so far between the two is that Bush didn't pour quite as much money down the drain in his last 6 months as Obama did in his first 6 months, and he didn't socialize quite as many companies in the same period of time.

I'm not saying that the GOP in its current state would have handled the situation much better, but don't act as if Hope and Change actually translated into anything.

 

[Omnis]

While I agree, things are far more complicated than just that. Too complicated, I think, to highlight in any kind of way that does it fairly. Both parties, in administrations dating back further than any current generation can relate to, share just as much blame as the other.

The problem is that while we (for the most part) know what we should we doing, none of us seem to be willing to take the blame, and make the sacrifice. That, of course, is unfortunate, particularly with the long-term problems that are going to come of it. Whether its the housing crisis, the problems in Detroit, the environment, the situation in the Middle East, etc... Until we're willing to deal with our problems, they won't go away.

Actually, no, it's no more complicated than just that. It's the root of all of the other problems. Free money means reckless spending.

 

[Tornado]

Here's something I've been wondering that I supposed isn't related at all to the Obama Administration:
How are all these state governments running out of money? The really cynical part of me simply wants to say "because they can't print more," but that can't be the reason.


Can it?

 

[FoolKiller]

The problem is that while we (for the most part) know what we should we doing, none of us seem to be willing to take the blame, and make the sacrifice.

By us you mean the politicians, right? Because I am fully willing to make the sacrifice required to let the banks and auto companies fail and file bankruptcy. I am fully willing to deal with the outcome of slowly drawing the government back and letting an actual free market emerge. I have long said it will be a pianful process, but I am willing to accept that.

 

[Omnis]

Here's something I've been wondering that I supposed isn't related at all to the Obama Administration:
How are all these state governments running out of money? The really cynical part of me simply wants to say "because they can't print more," but that can't be the reason.


Can it?

Because they can't borrow or print more, yes. Some states have adopted the federal government model... aka, the capital garbage disposal. They're microcosms of the big mother, and so they're running out/bankrupting faster.

 

[Danoff]

You think Bush was a conservative? Lol! By the way, have you heard of Ron Paul, who has been sounding the alarm on this mess for the past few decades? Conservatism does work in times of crises. I bet you've never heard of the depression of 1920. Nobody remembers it because the right steps were taken and it was over in a year. Harding cut spending and taxes and allowed the correction to occur. To get a true understanding of what's going on, I suggest you read Meltdown by Thomas Woods, a historian and economist.

Or you can watch a speech of his dealing with the book:


And if you have another hour, here is a related video:


The literature and both videos should give you a better understanding.

Good videos. Very depressing.

 

[Omnis]

What's depressing is what the government is doing despite history and common sense.

 

[Danoff]

What's depressing is what the government is doing despite history and common sense.

Close. The government is doing the will of the people - the people just happen to be ignorant of history and lacking in common sense.

I'm asking myself right now - everyone knows inflation is coming. Nobody seems to disagree on that point - and since I know its coming, what move can I make financially to help secure myself against that?

Gold?
Euro?

Certainly not oil.

 

[YSSMAN]

By us you mean the politicians, right?

Politicians, academics, Mom & Pop, and the next-door neighbor. Maybe even the dog.

It sucks, but we're going to have to do the right thing. Eventually. Its a shame my parents, and their parents, won't make the call.

I'm asking myself right now - everyone knows inflation is coming. Nobody seems to disagree on that point - and since I know its coming, what move can I make financially to help secure myself against that?

Gold?
Euro?

Interesting question, to which I don't have a clue.

May I suggest water?

 

[Omnis]

Close. The government is doing the will of the people - the people just happen to be ignorant of history and lacking in common sense.

I'm asking myself right now - everyone knows inflation is coming. Nobody seems to disagree on that point - and since I know its coming, what move can I make financially to help secure myself against that?

Gold?
Euro?

Certainly not oil.

Schiff seems to recommend getting out of dollar-denominated assets... or at least hedging yourself with non-DD'd stuff. And then Jim Rodgers recommends commodities-- or things that look the best right now. His rationale is that the best-looking things at the worst times tend to have the strongest performance after the recovery. But then again he's a billionaire and most people can't afford to go as long as he can.

I think it's a question we're all asking ourselves.

 

[FoolKiller]

I'm asking myself right now - everyone knows inflation is coming. Nobody seems to disagree on that point - and since I know its coming, what move can I make financially to help secure myself against that?

Gold?
Euro?

Certainly not oil.

I have contemplated gold, but it is expensive. Maybe if I had been paying attention to this stuff ten years ago. But no, I was busy chasing girls in college.

 

[Solid Fro]

I have contemplated gold, but it is expensive. Maybe if I had been paying attention to this stuff ten years ago. But no, I was busy chasing girls in college.

Me too. Ten years ago, I was flailing around in high school. I figured if I buy gold now, wait until I retire and sell it back for worthless cash, what's the point? I can't exactly go to Wal Mart and plop down a bar of gold as payment.

MOM JEANS OF THE UNITED STATES:



I thought the Messiah was all hip and cool? He should get some fitted, straight leg jeans from some "urban" designer. Some colored denim would work too! Ms. Messiah needs to give him some fashion tips.

 

[Omnis]

Can we please stop calling him the messiah now?

 

[Solid Fro]

Does The One sound better to you?

 

[Diego440]

edited due to lack of spark

 

[Silverzone]

Let's just start calling sean hannity the messiah..

 

[Keef]

Gold?

It seems there's been a big push lately aimed at wealthier people suggesting they invest more in gold. Which probably means there'll be a boom in gold investing, which means the prices will go down and it won't be worth nearly as much anymore at some point in the future.

I suggest toilet paper.

Also, Hannity sucks. Cunningham is so much better. Hannity ripped that "you're a great American" line from Cunningham.

 

[Silverzone]

[sarcasm]Let's just start calling sean hannity the messiah..[/sarcasm]

Fixed.