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Sothe the Rogue

Obama's Spending Plans

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At least he is attempting to fix our problems instead of staring at the wall and drooling like Bush.

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At least he is attempting to fix our problems instead of staring at the wall and drooling like Bush.

Don't kid yourself, Bush did attempt to solve the problems, he just didn't succeed. Personally, I don't think Obama will either. To be honest, I'm utterly sick of people looking at Obama like he's the messiah. Yes, he beat some amazing odds. Yes, he's a landmark in American politics. But he'll -.- up just as all of his predecessors have.

 

If you enter into politics, you do so knowing that eventually, you'll mess up, and that the people will hate you. It's happened to all of the past US presidents. It happened to Maggie Thatcher, John Major,Tony Blair, Bush (Both), it's happening to Brown (Though to be honest, it's gotten to the point where people no longer feel angry at Brown, just sorry for him) and at some point, it will happen to Obama.

 

People priased Maggie Thatcher for her stances on politics, and she lived up to them. She was utterly ruthless; she virtually destroyed the political playing field by privatization in a way that ensured that her opposition couldn't even function any more. But eventually, her own cabinet thought she was losing it, and she had to resign.

 

People pratically bowed before Blair as the saviour of the poor, but in the end they were pratically beating down his door for a resignation.

Edited by Nihilus

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A Democrat promoting public spending?

 

This is unheard of!

 

Also, "this isn't what we need". What do we need?

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What is this? Obama invested a trillion dollars so he's going to go invest a few billion more??

THIS IS WHAT WE NEED!

 

fixed -.-

 

he want's to make more jobs available to people that need them, whats wrong with that?

the money put into new infrastructure projects was smaller than some would have wanted in the previous stimulus package, this new one should have more money invested in infrastructure

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Guest Emanick
We spend 10 trillion a year on our military, though.

 

We spent close to $10 trillion (more than $10T, though, not less) last year, period. Not true. The military budget is considerably less than half of our annual budget, so you're thinking about $3- $4 trillion, hopefully less.

 

Obama's plan is better than nothing. There are surely alternatives, but I haven't the slightest idea of whether or not they are better. -.- I hate these discussions; Obama has a better grasp of the economy than 98% of the nation, taking an UNFRIENDLY view of him, but if there was a clearly right way to solve the economic troubles we're in, we haven't found it yet. Nobody here has a better grasp of the huge gamble the government is taking than the government itself; the problem is corruption and the fact that with no clearly right answers, the government, with far better intelligence and information than we do, may still make the wrong decision.

 

We need to stop blaming people and judging people and think for ourselves.

Edited by Emanick

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I have thought for myself. We're repeating the mistakes we made in 1928.

 

I have a fun idea. Let's not waste taxpayer money on things that are destined to fail, and put the money into something that won't fail!

 

craz33 r1gh7????????????????????? :P :) :) :P -.-

Edited by D-Jizzy

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I have a fun idea. Let's not waste taxpayer money on things that are destined to fail, and put the money into something that won't fail!
So guys! Let's not fail, but succeed!

 

OH GOD I AM THE GREATEST POLICY-MAKER EVAR

 

Wait, what - your quoted sentence was as generic as a fortune cookie. Care to elaborate about what is destined to fail and what is not?

 

In top of that, Obama is going to take away people's favorite doctors.
He will also kill every firstborn in every household just for the lulz!11!!1!!one!1

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In top of that, Obama is going to take away people's favorite doctors.
Not only is it off topic, it's a Fox News/Republican lie.

 

I have thought for myself. We're repeating the mistakes we made in 1928.
1928? That was BEFORE the Depression. We are in the middle of another one now, not at the prelude to one. The New Deal pulled us out of the Depression. When politicians sought to curb the "spending our way out of it", everything started tanking again. They resumed the government stimulation of jobs and things went up again.

 

I have a fun idea. Let's not waste taxpayer money on things that are destined to fail, and put the money into something that won't fail!
The talk is to spend billions of $$ on job creation. So tell the millions of unemployed and millions more underemployed that job creation isn't important.

 

How has the first stimulus money worked out? Check here:

http://www.recovery.gov/

Click the map and and then choose a state. My state was given 2 billion+ dollars which has gone towards thousands of projects. It seems to be mostly construction (blue collar jobs) and money for school districts. How horrible!

 

No one knows if this extra spending will make a difference. But if your citizens are suffering, I'm glad the government is trying to make long lasting positive effects. Creating jobs makes a lot more sense that giving out huge tax breaks to the people that need it the least.

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If socialism and massive inflation is the way to to pull a country out of a an economic crisis Obama Hussein is doing a great job -.- After his first stimulus package went through the unemployment rate went up to a level not seen since the depression of 11%. So spending more money out of an already drained economy seems like a wonderful idea, hes been very responsible so far. FDR seemed to have this crazy idea, that creating jobs for hardworking citizens and giving them money, that they would in return dump back into our economy, would help boost an economy. :) :)

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If socialism and massive inflation is the way to to pull a country out of a an economic crisis Obama Hussein is doing a great job -.- After his first stimulus package went through the unemployment rate went up to a level not seen since the depression of 11%. So spending more money out of an already drained economy seems like a wonderful idea, hes been very responsible so far. FDR seemed to have this crazy idea, that creating jobs for hardworking citizens and giving them money, that they would in return dump back into our economy, would help boost an economy. :) :)

 

I don't know if I like you or hate you for that, it's hard to figure out if you're being sarcastic.

 

I like how people seem to be forgetting that a large foundation of our economy is re-investing directly into the economy, so when companies move over seas to increase their profits, the economy gets hit slightly. In addition people seem to be thinking this is all relating to the governments responsibilities, let's not forget that we went into depression after the security checks on big business were removed.

 

For example from what I recall with accounting, you can only round after you have added and subtracted the financial value of you're company where Enron rounded up every single one of their assets, hence the accounting fraud. A large number of people had stock invested with them when they declared bankruptcy.

 

In addition a large number of corporations had money invested with Billy Madoff, remember him? The guy with the severely long Ponzi scheme? That further brought down the economy, and I'm still confused as to how the hell he managed to get away with the scheme for as long as he did.

 

Next I LOVE how people are afraid of the words communism, socialism, when they don't know what the hell they are talking about.

Edited by LightSlei

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he want's to make more jobs available to people that need them, whats wrong with that?

the money put into new infrastructure projects was smaller than some would have wanted in the previous stimulus package, this new one should have more money invested in infrastructure

 

No matter how the government spends the money, as long as its not going into imports its creating more jobs or maintaining them.

 

Its just how economy works. But as far as the important factor of economic stability, investing in the military would probably achieve this much better by bringing in purely American Jobs throughout all sectors, achieve measurable benefits throughout most fields and most importantly will recycle the funds quite efficiently.

 

This current plan really has few long term benefits unless you consider roads that will become quite ill-maintained as soon as the recession is over as a benefit.

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Guest Emanick
he want's to make more jobs available to people that need them, whats wrong with that?

the money put into new infrastructure projects was smaller than some would have wanted in the previous stimulus package, this new one should have more money invested in infrastructure

 

No matter how the government spends the money, as long as its not going into imports its creating more jobs or maintaining them.

 

Its just how economy works. But as far as the important factor of economic stability, investing in the military would probably achieve this much better by bringing in purely American Jobs throughout all sectors, achieve measurable benefits throughout most fields and most importantly will recycle the funds quite efficiently.

 

This current plan really has few long term benefits unless you consider roads that will become quite ill-maintained as soon as the recession is over as a benefit.

 

Agreed, the stimulus money has not been spent as wisely as it might have been. However, this is just as much Congress's fault as Obama's, perhaps moreso. (And in case anybody asks, no, I have no better solution, aside from more carefully ensuring that money going to large corporations will be better safeguarded.)

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The New Deal pulled us out of the Depression.

World War II pulled us out of the Depression. -.-

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Guest Emanick
The New Deal pulled us out of the Depression.

World War II pulled us out of the Depression. -.-

 

The New Deal helped, though. Unemployment went down a considerable amount during the course of the New Deal (which, long term, was almost as environmentally significant as it was economically), but it didn't even approach the level of the '20s until World War II came around.

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The New Deal pulled us out of the Depression.

World War II pulled us out of the Depression. -.-

 

The New Deal helped, though. Unemployment went down a considerable amount during the course of the New Deal (which, long term, was almost as environmentally significant as it was economically), but it didn't even approach the level of the '20s until World War II came around.

http://en.wikipedia.org/wiki/File:US_Unemp...t_1910-1960.gif

This sort of agrees with that. The first New Deal was a failure, if those estimates are correct, and the second had a partial positive impact. However, it was undoubtly World War II that brought us out of the Depression.

Edited by Finway

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We're already over $12 trillion in debt. What's a few hundred billions going to do?

 

"We can't keep spending money we don't have," Rep. Eric Cantor, the second-ranking House Republican, said after the meeting.

Well, at least this makes sense.

 

I put my faith in Obama's decisions. I'm pretty sure it would do us good in the long run.

 

Wait.. Let me get this straight. You're making your opinion based on the guy spending the money?

 

Great.

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"We can't keep spending money we don't have," Rep. Eric Cantor, the second-ranking House Republican, said after the meeting.

Well, at least this makes sense.

 

all he has proposed is tax cuts and a spending freeze

"What good's a tax cut when you're unemployed" Rep. Peter Defazio, Democrat of Oregon, said that on TV.
Edited by Maggotswr

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I have thought for myself. We're repeating the mistakes we made in 1928.
1928? That was BEFORE the Depression. We are in the middle of another one now, not at the prelude to one. The New Deal pulled us out of the Depression. When politicians sought to curb the "spending our way out of it", everything started tanking again. They resumed the government stimulation of jobs and things went up again.

If you knew 20th century American history well enough, you'd know that Hoover spent us into the Great Depression in 1928.

 

I have a fun idea. Let's not waste taxpayer money on things that are destined to fail, and put the money into something that won't fail!
The talk is to spend billions of $$ on job creation. So tell the millions of unemployed and millions more underemployed that job creation isn't important.

 

How has the first stimulus money worked out? Check here:

http://www.recovery.gov/

Click the map and and then choose a state. My state was given 2 billion+ dollars which has gone towards thousands of projects. It seems to be mostly construction (blue collar jobs) and money for school districts. How horrible!

 

No one knows if this extra spending will make a difference. But if your citizens are suffering, I'm glad the government is trying to make long lasting positive effects. Creating jobs makes a lot more sense that giving out huge tax breaks to the people that need it the least.

"A for effort!" doesn't apply when you're talking about someone's livelihood. We need something that works. The slight recession in 1921, and Harding's decision to back off proved to be a good one. I wouldn't necessarily say it's a good idea, but the government can't do much about jobs, frankly. Either the market will recover, or it won't. At this stage, I'd say it's better that the government back off for the time being. Rushing headlong "into action" isn't always the answer.

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The first New Deal was a failure, if those estimates are correct

Roosevelt's New Deal entered into effect in 1933-34 (being elected in 1932 and taken office in 1933). As you can see, after 1934 the estimated unemployment literally *plunges* down. Have we been reading the same chart?

 

But as far as the important factor of economic stability, investing in the military would probably achieve this much better by bringing in purely American Jobs throughout all sectors, achieve measurable benefits throughout most fields and most importantly will recycle the funds quite efficiently.
It would make sense, if not that those military investments would need to be used for something. Like, you know. War.

 

We need something that works.
The point is that neither you, nor me, nor anybody knows exactly something that works.

 

FDR seemed to have this crazy idea, that creating jobs for hardworking citizens and giving them money, that they would in return dump back into our economy, would help boost an economy.
That concept has always worked so far, actually. So?

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Okay guys, From what you all have said in this topic, someone needs to start a war so that America can pull out of it's recession.

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