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92% of US say stimulus is NOT working
- Thread starter sosueme
- Start date
Quote from Scataphagos:
Of course. It the Europeans flatter him enough, perhaps Obama will give away even MORE of America.
More or less, he has a huge opinion of his own ability to bend people.
This works at the voter level hence the recent increase in his rating.
It does not work on the world stage.
Chenney/Bush used the mad gorilla tactic which has a limited shelf life, but then so did they.
Reason only works amongst reasonable people otherwise it is perceived as a weakness. Therefore sooner rather than later obama must show overwhelming strength and all he has left is the military.
Actually, there is one intervening step and that is the threat of default where he would include friendly countries within his new dollar umbrella and exclude the rest.
Problem is that he needs commodity countries within the umbrella and none of the sizable ones trust washington.
I do not believe this will work but that does not stop it from happening.
Obama has very few options, not so much through what he has said so far, but more because of what he has inherited.
Try to think of the Trade Wars more like a series of intellectual manoeuvrings where size and power play a lesser role.
This is very new territory for washington where lobbying and negotiations have been the name of the game.
These rather simplistic tactics coupled with the threat of force belong in the past.
They will not take US into the next decade.
Quote from libertad:
Or....one can think this way....
Where would the market be if the Obam. Fools started out by doing this....
Look US...we have big "Bush" Fools financial problems....
We are going to have to dramatically reduce the size of govt....and thus concentrate our efforts on rebuilding our business/manufacturing base....
Since unemployment and wind downs will be taking the majority of Americans off the tax payers list....the tax structure will have to be changed to a consumption tax only at the rate of 15%....
The states will get 10% ....and the FED will get 5%....The IRS and SEC will be eliminated....
Since the lobbyist system is largely responsible for the economic US demise....we are going to eliminate them....and give the states the required mandates for all state and FED projects by internet vote....
Some may argue that this will be bad for social security and medicare....among other programs....but the fact is one cannot
lose what one does not have....There is no money for these programs....The fastest way to get the money ....is to get our businesses up and running.....and by changing our tax system....will make them "head on" competitive with BRIC....
And in addition we will be changing the financial system....Banks and IBs will no longer be allowed to be in the hedge fund business....Banks will be about local skin in game know your customer loans....and IBs will be about putting more Symbols on the new nongameable fully electronic direct access securties exchange....on which there will be no taxes of any kind ....for all asset classes....All asset classes will have to go through price discovery on the new worldwide exchange....which will be regulated electronically as well.....
.....................................................................................
Where would the market be today ? The future ?
show me the money. i mean show me the republican leadership. it is not there. the US is kaput.
Quote from zdreg:
show me the money. i mean show me the republican leadership. it is not there. the US is kaput.
US is not kaput, obama realises the old ways don't work anymore, but by signaling this to the world, he is banking on the rest of the world moving over to accommodate a new look US.
The problem is that the rest of the world wants US in a size and shape that is impossible for obama to sell to the voters.
92% of Americans wouldn't know the difference between a Laffer Curve, Phillips Curve and Curve Ball. They better consider what would have happened IF stimulus action hadn't been taken.
Doesn't matter, though. By the time the 2012 election gets here, the economy will be humming along just fine and 401K's will have rebounded. Obama by a landslide.
Doesn't matter, though. By the time the 2012 election gets here, the economy will be humming along just fine and 401K's will have rebounded. Obama by a landslide.
Quote from RangeBar:
92% of Americans wouldn't know the difference between a Laffer Curve, Phillips Curve and Curve Ball. They better consider what would have happened IF stimulus action hadn't been taken.
Doesn't matter, though. By the time the 2012 election gets here, the economy will be humming along just fine and 401K's will have rebounded. Obama by a landslide.
Good on you RB.
It is guys like you who will rebuild the economy back to full employment in 3 years.
Quote from Billy Thunder:
Tax cuts and deregulation are the path to growth and prosperity. Anything else is simply foolish and naive. Fail economics are rooted in Keynesian economic policy.
Tax cuts and deregulation are the path to huge deficits and debts and businesses that constantly need to be bailed out when their extravagant new ideas to make money implode, as they always do.