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(Investors Business Daily)   Memo to Obama: Actually, it's government that's doing fine   (news.investors.com) divider line 166
    More: Interesting, President Obama, Bureau of Economic Analysis, austerities, state governments, local governments  
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2498 clicks; posted to Politics » on 12 Jun 2012 at 12:36 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-06-12 06:28:35 PM
pjmedia.com

/drtfa
//don't care
///they are all lying crooks
 
2012-06-12 09:21:30 PM
So, people know that jobs come from demand and not low tax rates, right?

Jobs are a consequence of success. What business owner WANTS to hire people that cut into their profits?
 
2012-06-12 09:44:19 PM
Wow. That's nothing but a bunch of lies.

Here, read the report and look at the tables for youself: Link

Republicans are frauds.
 
2012-06-12 09:52:29 PM

tomWright: [pjmedia.com image 600x354]

/drtfa
//don't care
///they are all lying crooks


That photoshop sucks.

Your BSABSVR sucks.

You suck.

God damn, this thread is about 60 replies with my ignore list active.
 
2012-06-13 12:26:10 AM

cameroncrazy1984: smitty04: Obama's complaint that it's the government that's hurting these days.

Obama sounds like a Community Activist wanting a bigger budget.

When in reality, under Obama, government spending has grown the least amount in 50 years.


Thats bullshiat because it treats the stimulus spending as an approved budget increase, thats not right.
 
2012-06-13 12:30:02 AM

Animatronik: cameroncrazy1984: smitty04: Obama's complaint that it's the government that's hurting these days.

Obama sounds like a Community Activist wanting a bigger budget.

When in reality, under Obama, government spending has grown the least amount in 50 years.

Thats bullshiat because it treats the stimulus spending as an approved budget increase, thats not right.


Would you rather Bush's stimulus spending as something else?
 
2012-06-13 12:30:37 AM

Sabyen91: Animatronik: cameroncrazy1984: smitty04: Obama's complaint that it's the government that's hurting these days.

Obama sounds like a Community Activist wanting a bigger budget.

When in reality, under Obama, government spending has grown the least amount in 50 years.

Thats bullshiat because it treats the stimulus spending as an approved budget increase, thats not right.

Would you rather Bush's stimulus spending be counted as something else?

 
2012-06-13 12:31:13 AM
The hell?
 
2012-06-13 02:00:48 AM

Animatronik: Thats bullshiat because it treats the stimulus spending as an approved budget increase, thats not right.


Very nice. It has a lot going for it already. It has multiple misspellings, palpable outrage at something and no apparent logic. Although, I think it would be more effective if it were scrawled on a piece of cardboard.

It should be fun waving it while shouting from your bus window on the way to group.
 
2012-06-13 09:29:41 AM

SomeAmerican: Some hard data on Federal, State, and Local spending, courtesy of the US Treasury and the Bureau of Economic Analysis. You can access the compiled data here.

Federal spending over the last decade:

[www.usgovernmentspending.com image 575x400]

State spending over the last decade:

[www.usgovernmentspending.com image 575x400]

Local spending over the last decade:

[www.usgovernmentspending.com image 575x400]

For those that would prefer to see these combined, here are is the total of Federal, State, and Local spending:

[www.usgovernmentspending.com image 575x400]

So yeah, we can't say that low government spending is responsible for the weak economy. Although State and local spending is down, Federal is up, and the combined picture shows that outside of a stimulus spike in 2009 spending has been smoothly trending up. This is clearly not "austerity", it is spending as usual.

What we could argue is that government spending should still be spiking in order to stimulate the weak economy. But essentially the government is doing that, but via a different path. Instead of spiking spending they've slashed tax revenue, which put a lot of additional money in individual's pockets. They did this by extending the Bush tax cuts and adding additional tax cuts on top of that in the stimulus bill (like Obama's "95% of all Americans" tax cut). This translates to roughly $5 trillion in additional cash over the last four years, actually. Given that our GDP is $14.6 trillion, that's staggeringly massive.

So you can't really say we aren't spending massive quantities of cash to stimulate the economy either. Granted, we might not be EFFECTIVELY spending that money, but that's another discussion.

So what's left... Federal, State, and local government spending steady, massive Federal stimulus going on, but private sector jobs haven't recovered yet. So yeah, its weakness in the private sector that's still holding us down.


of course that increase in govt spending is due to interest on the borrowed money and the result of the lower revenue streams . not actually money that would stimulate the economy.
 
2012-06-13 10:15:05 AM

Riothamus: BojanglesPaladin:

Secondly, I thought trickle-down economics was debunked? Which is it? How is trying to trickle down with tax dollars any different, except perhaps being less efficient?

0/10

Government stimulus isn't trickle-down, and no one has ever called New Deal-style government spending "trickle-down" economics.
[frac.org image 432x411]

Eat dick.



When you consider that the $1 in tax money required $2.57 be extracted from the economy first you see that the whole process is still a net loss to the economy.
 
2012-06-13 10:19:52 AM

RadioAaron: So, people know that jobs come from demand and not low tax rates, right?

Jobs are a consequence of success. What business owner WANTS to hire people that cut into their profits?




Well, tax cuts do promote consumption which leads to jobs... and in a marginal way leads directly to jobs when companies who find their cost/benefit balance teetering between BAU and hiring a new employee have the tax reduction favoring the new hire.
 
2012-06-13 10:45:37 AM

Mildot: Kind of reminds me of an old TV show... Lost in Space

[www.conservativedailynews.com image 590x421]

/Danger Will Robinson, Danger!
//or as Obama likes tosay (about the economy) Crush, Kill, Destroy!


Son, your mouth's open again.
 
2012-06-13 02:17:28 PM

RolandGunner: RadioAaron: So, people know that jobs come from demand and not low tax rates, right?

Jobs are a consequence of success. What business owner WANTS to hire people that cut into their profits?

Well, tax cuts do promote consumption which leads to jobs... and in a marginal way leads directly to jobs when companies who find their cost/benefit balance teetering between BAU and hiring a new employee have the tax reduction favoring the new hire.


Tax cuts to consumers do promote consumption. If you give someone who earns millions per year a tax cut of a few hundred thousand dollars, what are they going to buy that they can't already buy?

When you consider that the $1 in tax money required $2.57 be extracted from the economy first you see that the whole process is still a net loss to the economy.

The presumption is that because increasing taxes results in a reduction in pretax income which then can't be spent throughout the economy that raising taxes is bad. I would counter with two points: not even dollar earned is spent equally and the model assumes an across the board increase which no one is suggesting. The problems in our economy are caused by a lack of consumer demand and can only be resolved by restoring purchasing power to the middle class.
 
2012-06-13 02:19:24 PM
I wouldn't expect much from this obvious obama screwup. The media isn't interested
 
2012-06-14 02:18:59 PM
I love when they use the term "government" as a proper noun, as if it was some nebulous omnipotent entity. It's not like we live in a democracy where you VOTE for your government.
I've yet to meet someone who can clearly explain the concept of "Big Government™", what it is, and why it's bad.
 
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