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Last post 13 years ago by RICKAMAVEN. 29 replies replies.
Who REALLY got stimulated????????????????
fishinguitarman Offline
#1 Posted:
Joined: 07-29-2006
Posts: 69,148
from getting bent over...

checkout this chart.....


http://www.nypost.com/rw/nypost/2010/09/06/news/photos_stories/edit_graphic203349.jpg
DrafterX Offline
#2 Posted:
Joined: 10-18-2005
Posts: 98,508
Mad BASSARDS!!!!
jackconrad Offline
#3 Posted:
Joined: 06-09-2003
Posts: 67,461
What they are hiding from us is the spike in Hemp production..
fishinguitarman Offline
#4 Posted:
Joined: 07-29-2006
Posts: 69,148
Jamaican hemp?
HockeyDad Offline
#5 Posted:
Joined: 09-20-2000
Posts: 46,069
This chart should not be shocking to anyone. It was extremely clear in Obama's stimulus bill.

The theory is that the government and government jobs would do a better job of pulling the country out of recession that private sector. This was the big revival of Keynesian theory over trickle down theory.
rfenst Offline
#6 Posted:
Joined: 06-23-2007
Posts: 39,112
So, the grapgh shows an increase in federal employment since the recession. I don't think that means or implies anythingf- in and of itsel. Perhaps, the recession is causing increased demand for government employees because it needs more help during a recession. Perhaps the number of government workers hI don't think that graph is convincing of anything . It merely shows what it does, not what the effect, if any, it causes. Wheter the change depicted in the graph represent somethin good, neutral or bad for our economy should be the real question we are asking ourselves after looking at the graph and readcint the article. One thing that concerns me is that the article really seems op-ed . The author may be right, but there is scant evidence or authoritative quotes from those "in the know". Had I read this type of article in, lets say, theas change dbecaus ehtei Economist, I would give it far more credenceut it would never make it into an article: Wwhere are the quotes from economists and governent? Where is the hard data? Where is the cause and effect analysis? How about some facts andcomments from credible economists to bolster the authors cnalysis and conare the economists that lead to the author's conclusion?




About the author, who is a lawyer:

His Law Firm serves a wide variety of clients, including both public and private companies, high net worth individuals, real estate investors and developers, entertainers, professional athletes, software developers, entrepreneurs and hedge funds by providing a broad array of legal services.

The Firm's significant practice areas include:


•Corporate securities, mergers and acquisitions and commercial loan transactions
•Sophisticated commercial real estate transactions and litigation
•General corporate law
•Employment law
•Investment structuring
•Strategic venture structuring
•Entertainment law
•Commercial litigation for each of the Firm's practice areas in both federal and state courts
•Intellectual property, new media and computer law
•Business and personal tax planning
•Asset protection and estate planning
•Bankruptcy and creditors' rights
HockeyDad Offline
#7 Posted:
Joined: 09-20-2000
Posts: 46,069
TeeDubbya stole Rfenst's login!
rfenst Offline
#8 Posted:
Joined: 06-23-2007
Posts: 39,112
HockeyDad wrote:
TeeDubbya stole Rfenst's login!





I just went and changed my settings and password. Thankfully, the credit card for my account is expired.
How did he do that????

fishinguitarman Offline
#9 Posted:
Joined: 07-29-2006
Posts: 69,148
He's psychotic.....errr....I mean psychic
DrMaddVibe Offline
#10 Posted:
Joined: 10-21-2000
Posts: 55,309
The recession is over. Obama just said we're headed in the right direction.
DrMaddVibe Offline
#11 Posted:
Joined: 10-21-2000
Posts: 55,309
WASHINGTON – President Barack Obama said Monday he doesn't care that the Great Recession has been declared over by a group of economists. For the millions of people who are out of work or otherwise struggling, he said, "it's still very real for them."

Obama denied that he was anti-business or anti-Wall Street in his economic proposals, commenting under close questioning during a town hall-style meeting broadcast live on CNBC.

He offered a mixed verdict on the growing tea party, calling its skepticism of government "healthy...That's in our DNA, right?"

But, he added, "The challenge for the tea party movement is to identify specifically 'What would you do?'" to help turn around the economy and produce jobs.

"It's not enough just to say, 'Get control of government.' I think it's important for you to say, 'You know, I'm willing to cut veterans' benefits or Social Security benefits or I'm willing to see these taxes go up.'"

The government can't simply cut taxes on the nation's wealthiest people "and magically think things are going to work out," he said.

Focusing on the poor economic conditions that existed when he took office, Obama said, "The hole was so deep that a lot of people out there are still hurting."

He spoke shortly after the National Bureau of Economic Research, a private panel of economists that dates the beginnings and ends of recessions, said the downturn that began in December 2007 ended in June 2009. At 18 months, that makes it the longest recession since World War II.

"Something that took ten years to create is going to take a little more time to solve," Obama said.

"Even though economists may say that the recession officially ended last year, obviously for the millions of people who are still out of work, people who have seen their home values decline, people who are struggling to pay the bills day to day, it's still very real for them," Obama said.

He participated in the hour-long session before heading to Pennsylvania to raise money for Democratic Senate candidate Joe Sestak, who is locked in a tight race for a seat considered a must-win for the president's party. The seat is currently in Democratic hands, but polls show it to be a tight race.

The group assembled for the session included large and small business owners, teachers, students and unemployed people.

A woman who said she was the chief financial officer for a veterans' service organization told Obama, "I'm exhausted of defending you, defending your administration, defending the mantle of change that I voted for, and deeply disappointed with where we are right now."

"Is this my new reality?" she asked.

Obama told her, "My goal is not to convince you that everything is where it ought to be. It's not." Still, Obama said that things were "moving in the right direction" under policies he has put in place.

Republican Party chief Michael Steele panned Obama's TV performance. "Once again, President Obama trotted out the same old worn-out reassurances on the economy, but Americans are still waiting for the promised recovery that never arrived," Steele said.

A 30-year old law school graduate who said he couldn't find a job and couldn't even make interest payments on his student loans told Obama he was inspired by Obama's 2008 campaign but "that inspiration is dying away."

"The most important thing we can do right now is grow our economy," Obama said. "What we can't do is go back to the same old things we were doing."

CNBC's John Harwood, the moderator, asked Obama if he had any plans to replace his two top economic advisers — Treasury Secretary Timothy Geithner and chief economic adviser Lawrence Summers. House Republican leader John Boehner has called for Obama to fire both of them, contending their economic advice to him has not been helpful.

Obama sidestepped a direct answer but said, "This is tough work that they do."

"We're constantly asking, 'Is what we're doing working as well as it could?'"

Harwood at one point asked Obama how serious he was about deficit reduction. Polls show that Americans are deeply concerned about the government's rising deficit, and Republicans have repeatedly tried to make it a campaign issue, calling for more government belt tightening.

"I can't give tax cuts to the top 2 percent of Americans ... and lower the deficit at the same time," Obama said. "At some point, the numbers just don't work."

"The first thing you do in a hole is not dig it deeper."

Obama pressed his effort to cast Democrats as fighters for the middle class and Republicans as protectors of "millionaires and billionaires" and special interests.

He has called on Congress to allow Bush-era tax cuts to expire on schedule at the end of this year for those with household incomes above $250,000 — but to extend them for everybody else.

Obama says it would cost $700 billion over ten years to extend the cuts for those in the upper income range, a group that makes up roughly 2 percent of taxpayers. What Obama wants to do would cost about $3 trillion over ten years.

A combination of the Bush tax cuts, the wars in Iraq and Afghanistan, a reduction in tax revenues because of the recession and stimulus and bailout spending by both the Bush and Obama administrations has resulted in an estimated $1.5 trillion deficit for the budget year that ends at the end of September.

Obama was asked by Harwood whether we was willing to debate Boehner, who would probably become House speaker if Republicans take back the House of Representatives in November.

He indicated such a debate was unlikely. "It's premature to say that John Boehner is going to be speaker of the House," Obama said.

A member of the audience who said he was a hedge fund manager and a Harvard Law School classmate of Obama said many on Wall Street feel as if he's treating them like a pinata. "We certainly feel like we've been whacked by a stick."

"If you're making a billion dollars a year after a very bad financial crisis where 8 million people lost their jobs and small businesses can't get loans, then I think that you shouldn't be feeling put upon," Obama said.

"Most folks on Main Street feel like they've been beat upon," he said, and "there's a big chunk of the country that feels I have been too soft on Wall Street. What I've tried to do is just be practical."

He said his policies have not been "extremist" or "anti-business."

http://news.yahoo.com/s/ap/20100920/ap_on_bi_ge/us_obama
cdmaster Offline
#12 Posted:
Joined: 07-07-2010
Posts: 60
DrMaddVibe wrote:
The recession is over. Obama just said we're headed in the right direction.


Glad to hear that. I was worried there for a minuteSick
daveincincy Offline
#13 Posted:
Joined: 08-11-2006
Posts: 20,033
Dilusional outrage!
HockeyDad Offline
#14 Posted:
Joined: 09-20-2000
Posts: 46,069
I am happy that things are better for everyone.
rfenst Offline
#15 Posted:
Joined: 06-23-2007
Posts: 39,112
The criteria used to determine the beginning of a recession and the end of a recession are, IMO, academic, artifical and grossly imperfect. I will not consider "my recession" over until business improves and I see lots of jobs available for those out of work. Time for some real world definitions!
HockeyDad Offline
#16 Posted:
Joined: 09-20-2000
Posts: 46,069
Fine....be that way.

...But we're about to raise your taxes anyway! It is spending time!


Applause Applause Applause Applause
pgje51 Offline
#17 Posted:
Joined: 01-13-2006
Posts: 5,013

Did the fat lady sing?
HockeyDad Offline
#18 Posted:
Joined: 09-20-2000
Posts: 46,069
It went something like this:


Whistle Whistle FEED ME! Whistle Boo hoo!
fishinguitarman Offline
#19 Posted:
Joined: 07-29-2006
Posts: 69,148
What....No Pottsy?????
edsbar60 Offline
#20 Posted:
Joined: 12-12-2005
Posts: 9,435
rfenst wrote:
The criteria used to determine the beginning of a recession and the end of a recession are, IMO, academic, artifical and grossly imperfect. I will not consider "my recession" over until business improves and I see lots of jobs available for those out of work. Time for some real world definitions!


Exactly, indicators are just that..indicators. Low clouds indicate rain, but most of the time I never see a drop. High unemployment, a tremendous amount of foreclosures, no consumer confidence seem to be the indicators that economists refuse to review?
ZRX1200 Offline
#21 Posted:
Joined: 07-08-2007
Posts: 60,477
So they are blaming Bush (still) and tax cuts for the deficit? Yet everytime I read a freaking story about Obama I never seem to read any questions from the press about increased govt spending. The admin said it HELPED so press decides that it is fact. But people keeping their own money is evil. I actually heard a Oregon state employee on the radio yesterday talking about food programs produce 1.75 per taxed dollar. So I guess if everyone goes on food stamps we will be rich. Sometimes I can't decide who is stupider: voters, democrats or discount cigar website redesigners.
drywalldog Offline
#22 Posted:
Joined: 06-19-2007
Posts: 5,536
Obama's got the train rolling, somebody better derail it, before it leaves the station.
HockeyDad Offline
#23 Posted:
Joined: 09-20-2000
Posts: 46,069
It already left the station. For those that didn't get on, tough luck.

Happy days are here again!
ZRX1200 Offline
#24 Posted:
Joined: 07-08-2007
Posts: 60,477
DWD!!!! Howz the mrs and the kids?
jpotts Offline
#25 Posted:
Joined: 06-14-2006
Posts: 28,811
HockeyDad wrote:
It already left the station. For those that didn't get on, tough luck.

Happy days are here again!



Unfortunately, the boiler on the train is coal-fired, and Idi Amin Jr. just banned coal...
jpotts Offline
#26 Posted:
Joined: 06-14-2006
Posts: 28,811
drywalldog wrote:
Obama's got the train rolling, somebody better derail it, before it leaves the station.


Yeah, and Mussolini also made the trains run on time as well...
RICKAMAVEN Offline
#27 Posted:
Joined: 10-01-2000
Posts: 33,248
he don't hab to show you no stinkin fax.
RICKAMAVEN Offline
#28 Posted:
Joined: 10-01-2000
Posts: 33,248
rfenst 15

that is on point IMO
RICKAMAVEN Offline
#29 Posted:
Joined: 10-01-2000
Posts: 33,248
ZRX1200 wrote:
So they are blaming Bush (still) and tax cuts for the deficit? Yet everytime I read a freaking story about Obama I never seem to read any questions from the press about increased govt spending. The admin said it HELPED so press decides that it is fact. But people keeping their own money is evil. I actually heard a Oregon state employee on the radio yesterday talking about food programs produce 1.75 per taxed dollar. So I guess if everyone goes on food stamps we will be rich. Sometimes I can't decide who is stupider: voters, democrats or discount cigar website redesigners.


i vote

1 redisgners
2 voters
3 democrats arent stupid, they just have no balls.
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