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  1. #1
    I don't really care... Yonivore's Avatar
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    ...Keynesian economics don't work. Just sayin'


    CLICK IMAGE TO ENLARGE

    As the President is fond of saying, "We tried our plan and it worked." Surely, he can't be referring to the past 3 1/2 years and, since, he economic plan looks nothing like Bill Clinton's, I'm guessing he's referring to FDR's New Deal plan -- widely credited with pulling the country out of the Great Depression.

    Yeah, well, maybe not so much...

    FDR's policies prolonged Depression by 7 years, UCLA economists calculate

    Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt.
    ...
    "Why the Great Depression lasted so long has always been a great mystery, and because we never really knew the reason, we have always worried whether we would have another 10- to 15-year economic slump," said Ohanian, vice chair of UCLA's Department of Economics. "We found that a relapse isn't likely unless lawmakers gum up a recovery with ill-conceived stimulus policies."
    Ill-conceived stimulus policies. Hmmmm...

    I remember posting this article before Obama stimulated us into an abyss but, I thought it timely to bring it back to the forum.

    Also worth mocking:

    Obama adviser: Jobless rate is really 8.254%

    Because it sounds so much better than 8.3%

    Speaking of which:

    The Employment Situation in July

    As the Administration stresses every month, the monthly employment and unemployment figures can be volatile, and employment estimates can be subject to substantial revision. Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other data that are becoming available.
    For the 41st month in a row, the longest period in recorded history, the unemployment rate is above 8.0%. And, for the 31st month in a row, the Administration is warning us not to read too much in to one month's numbers.

    Tell me, Mr. President; at what point can I read more into the numbers? How many more months have to be strung together before the White House sees a pattern?

  2. #2
    right about pizzagate Blake's Avatar
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    I thought sure this was another Carly Rae Jepsen thread

  3. #3
    Alleged Michigander ChumpDumper's Avatar
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    Ah, another poster shows his ignorance of basic economic theory.

  4. #4
    I play pretty, no? TeyshaBlue's Avatar
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    ...you'll finish a sentence.

  5. #5
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    ...you'll finish a sentence.

  6. #6
    5 Bill_Brasky's Avatar
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    ...you'll finish a sentence.


    Also, I believe there's a thread for this already:

    http://spurstalk.com/forums/showthread.php?t=201743

  7. #7
    Veteran scott's Avatar
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    Also worth mocking:

    Obama adviser: Jobless rate is really 8.254%

    Because it sounds so much better than 8.3%
    That you feel being precise is worth mocking is actually quite telling of your unquestioned support for a candidate who has yet to present any actual ideas.

  8. #8
    I don't really care... Yonivore's Avatar
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    That you feel being precise is worth mocking is actually quite telling of your unquestioned support for a candidate who has yet to present any actual ideas.
    That you choose to consume your news from sources that ignore the candidate I support -- except to mock and fabricate gaffes -- is more telling, scott.

    Glenn Hubbard: The Romney Plan for Economic Recovery

  9. #9
    I don't really care... Yonivore's Avatar
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    ...you'll finish a sentence.
    I did finish the sentence.

  10. #10
    Veteran scott's Avatar
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    That you choose to consume your news from sources that ignore the candidate I support -- except to mock and fabricate gaffes -- is more telling, scott.

    Glenn Hubbard: The Romney Plan for Economic Recovery
    You responded to my accusation that your candidate hasn't revealed any specific ideas by sending me to a link that is completely void of specific ideas.

    • Stop runaway federal spending and debt. The governor's plan would reduce federal spending as a share of GDP to 20%—its pre-crisis average—by 2016. This would dramatically reduce policy uncertainty over the need for future tax increases, thus increasing business and consumer confidence.

    • Reform the nation's tax code to increase growth and job creation. The Romney plan would reduce individual marginal income tax rates across the board by 20%, while keeping current low tax rates on dividends and capital gains. The governor would also reduce the corporate income tax rate—the highest in the world—to 25%. In addition, he would broaden the tax base to ensure that tax reform is revenue-neutral.

    • Reform en lement programs to ensure their viability. The Romney plan would gradually reduce growth in Social Security and Medicare benefits for more affluent seniors and give more choice in Medicare programs and benefits to improve value in health-care spending. It would also block grant the Medicaid program to states to enable experimentation that might better serve recipients.

    • Make growth and cost-benefit analysis important features of regulation. The governor's plan would remove regulatory impediments to energy production and innovation that raise costs to consumers and limit new job creation. He would also work with Congress toward repealing and replacing the costly and burdensome Dodd–Frank legislation and the Patient Protection and Affordable Care Act. The Romney alternatives will emphasize better financial regulation and market-oriented, patient-centered health-care reform.
    None of those are specific ideas. I want specifics. HOW will the candidate do these things?

    Note: I have the same criticism of Obama and every political candidate since... ever.

  11. #11
    Cogito Ergo Sum LnGrrrR's Avatar
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    None of those are specific ideas. I want specifics. HOW will the candidate do these things?
    if they share details of the plan, they'll give terrorists the upper hand. Are you an appeaser?

  12. #12
    I don't really care... Yonivore's Avatar
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    Note: I have the same criticism of Obama and every political candidate since... ever.
    Which is important.

    What about Ross Perot and his charts?

  13. #13
    I don't really care... Yonivore's Avatar
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    You responded to my accusation that your candidate hasn't revealed any specific ideas by sending me to a link that is completely void of specific ideas.
    There are a lot more specifics here:

    Jobs and Economic Growth

    For instance, after beating up on Obama a bit, Romney offers a few more specifics on his tax plan:

    MITT'S PLAN
    Reducing and stabilizing federal spending is essential, but breathing life into the present anemic recovery will also require fixing the nation’s tax code to focus on jobs and growth. To repair the nation’s tax code, marginal rates must be brought down to stimulate entrepreneurship, job creation, and investment, while still raising the revenue needed to fund a smaller, smarter, simpler government. The principle of fairness must be preserved in federal tax and spending policy.

    Individual Taxes

    America’s individual tax code applies relatively high marginal tax rates on a narrow tax base. Those high rates discourage work and entrepreneurship, as well as savings and investment. With 54 percent of private sector workers employed outside of corporations, individual rates also define the incentives for job-creating businesses. Lower marginal tax rates secure for all Americans the economic gains from tax reform.

    • Make permanent, across-the-board 20 percent cut in marginal rates
    • Maintain current tax rates on interest, dividends, and capital gains
    • Eliminate taxes for taxpayers with AGI below $200,000 on interest, dividends, and capital gains
    • Eliminate the Death Tax
    • Repeal the Alternative Minimum Tax (AMT)
    • Corporate Taxes


    The U.S. economy’s 35 percent corporate tax rate is among the highest in the industrial world, reducing the ability of our nation’s businesses to compete in the global economy and to invest and create jobs at home. By limiting investment and growth, the high rate of corporate tax also hurts U.S. wages.

    • Cut the corporate rate to 25 percent
    • Strengthen and make permanent the R&D tax credit
    • Switch to a territorial tax system
    • Repeal the corporate Alternative Minimum Tax (AMT)
    He has similar sections on Regulation, Trade, Energy, Labor, Human Capital, and Spending. There are also side bars linking to related issues.

    Seems fairly comprehensive.

    Who would of thought to look at the campaign's website, eh?
    Last edited by Yonivore; 08-03-2012 at 07:02 PM.

  14. #14
    Alleged Michigander ChumpDumper's Avatar
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    Well, if government spending is a bad thing why is everyone saying that sequestration cuts would throw the economy into recession?

  15. #15
    Board Man Comes Home Clipper Nation's Avatar
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    None of those are specific ideas. I want specifics. HOW will the candidate do these things?

    Note: I have the same criticism of Obama and every political candidate since... ever.
    www.ronpaul2012.com/the-issues/ron-paul-plan-to-restore-america/

    Specific ideas right down to the numbers, B... Ron bless

  16. #16
    I don't really care... Yonivore's Avatar
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    Just throwing this out there. Barack Obama isn't working.


    CLICK IMAGE TO VISIT WEBSITE.

  17. #17
    Rising above the Fray spursncowboys's Avatar
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    You responded to my accusation that your candidate hasn't revealed any specific ideas by sending me to a link that is completely void of specific ideas.



    None of those are specific ideas. I want specifics. HOW will the candidate do these things?

    Note: I have the same criticism of Obama and every political candidate since... ever.
    Obama has been in office for three years without any real specifics. Come on. You are demanding way too much from politicians who will need wiggle room to get out of any promise

  18. #18
    Veteran Th'Pusher's Avatar
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    Just throwing this out there. Barack Obama isn't working.


    CLICK IMAGE TO VISIT WEBSITE.
    4.5 million jobs have been created over the last 29 months. Fact.

  19. #19
    Veteran Wild Cobra's Avatar
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    ...Keynesian economics don't work. Just sayin'
    It works just fine.

    Just ask any lemming lib .

    Now I will say under some situations, it probably has merit. That does not mean in situations like we have had for several years though.

  20. #20
    Alleged Michigander ChumpDumper's Avatar
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    ^because of the current makeup of the economy, you couldn't just downsize government overnight
    So cuts would be a bad thing?

    Folks need to make up their minds.

  21. #21
    Board Man Comes Home Clipper Nation's Avatar
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    I just love the irony of a Willard supporter who probably voted for Dubya whining that Keynesian economics don't work, tbh..... What's the alternative? Austrian economics are clearly off the table if you're willing to support big government, big spending Willard.....

  22. #22
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    I just love the irony of a Willard supporter who probably voted for Dubya whining that Keynesian economics don't work, tbh..... What's the alternative? Austrian economics are clearly off the table if you're willing to support big government, big spending Willard.....
    Imaginary trickle down, of course...

  23. #23
    Believe.
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    4.5 million jobs have been created over the last 29 months. Fact.
    I do believe that I read Obama is like ~330,000 jobs away from "breaking even" when he was sworn in....that's really not that good considering there was 3 months of complete collapse prior to the inauguration, but that would jive with your fact.

    I've made peace with the fact that as long as we have Obama, we will have 8% unemployment. Our nation will survive Obama.

  24. #24
    I don't really care... Yonivore's Avatar
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    Imaginary trickle down, of course...
    By Barack Obama's own estimates, had he done nothing and allowed market forces to work, we'd be at 6.0% unemployment, right now.

  25. #25
    Veteran Th'Pusher's Avatar
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    I do believe that I read Obama is like ~330,000 jobs away from "breaking even" when he was sworn in....that's really not that good considering there was 3 months of complete collapse prior to the inauguration, but that would jive with your fact.

    I've made peace with the fact that as long as we have Obama, we will have 8% unemployment. Our nation will survive Obama.
    I have no idea where you read that, but the economy shed 700k jobs in January of 09 and almost all of the job losses happened in Obamas first 12 months in office. Again, the economy has added 4.6 million in the last 29 months. Obama has added more jobs in 29 months than W did in 8 years.

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