Obama can't get grip on economy

[firstandten]

As we are trying to dig outselves out of this economic mess, it helps to not only remember history but to understand it, for generally history just repeats itself, the players names change, some circumstances change, but the concept doesn't change or very slightly.

Its helps to understand how Jude Wanniski fits into this discussion. Mr. Wanniski created the "two santa claus theory" which is in the first chapter of Repubs playbook along with the "starve the beast" theory. Thom Hartmann does a masterful job of explaining the importance of Mr. Wanniski to the Repub party and how they are still holding true to the concepts he created.

http://www.commondreams.org/view/2009/01/26-0

[Papasito]

The Republicans simply want to regain control regardless of the cost to America. They don't want to help in any recovery because it would be helping Obama get re-elected.

"The single most important thing we want to achieve is for President Obama to be a one-term president." -- Senate minority leader Mitch McConnell [[R-KY), in an interview with the National Journal, describing his goal in retaking the Senate

Republicans=Party before Country.

This is really short sighted and silly.

Of course Republicans want Obama to be a one term president. Don't forget that Republicans are the Democrats #1 domestic competition. Duh.

As far as Obama's next great super-expensive government debt program [[ http://money.cnn.com/2011/09/07/news...dex.htm?iid=EL ) the last one never put unemployment back at or under 8%. More of the same is a no brainer to oppose. Democrat or Republican, wasting $300B more borrowed cash is a dumb idea to get behind.

[firstandten]

This is really short sighted and silly.

Of course Republicans want Obama to be a one term president. Don't forget that Republicans are the Democrats #1 domestic competition. Duh.

As far as Obama's next great super-expensive government debt program [[ http://money.cnn.com/2011/09/07/news...dex.htm?iid=EL ) the last one never put unemployment back at or under 8%. More of the same is a no brainer to oppose. Democrat or Republican, wasting $300B more borrowed cash is a dumb idea to get behind.

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The program will be paid for unlike our Repubs buddies who like to run up massive debt then have it become important when Dems get in office

[mjs]

Paid for? Nothing the man has done has been paid for. He's cutting taxes and raising spending just like he did in December. Can you wrap your head around the dramatic increase he has done to our debt rate. The country is not facing World War II challenges; we should not be spending like its World War II. We already spend 140% of what we bring in. What will his new proposals make the 2012 budget? 160%? 180%? When is enough enough?

Where do you libs keep missing the whole damned point of the tea party movement is that neither the Dems or the Repubs can balance a checkbook. These are not Republican loyalists. Bush behavior created the third party that is weakening the Republican party.

Deficit spending is just a matter of semantics. Just more bullshit terminology by the republicrats so they can twist and distort the truth as people like you always let them do. Borrowed money has to be paid back at some point. Their deficit spending is really spending of future tax increases! Taxes will go up in the future and spending will go down in the future. A GDP loss and another GDP loss. You have no idea how badly messed up the economy will be then. It will make you long for these days. Any other outcome is mathematic impossibility or a default of our treasury obligations. A default of treaury obligations will make you wish you wish we had gone the high tax, high cuts way. Ask Greece and Italy about this.

Instead of saying everyone gets a pony, Obama must say everyone gets a pony but all taxes will go up by x percent starting in 2013. If the party of loyal opposition were honest or smart, they would say, we can only support this if Americans say its worth the tax increase.

The only thing that will ever fix this dog and pony show is a balanced budget amendment. If they want to spend another $450 billion, they will have to include $450 billion in cuts in the bill or $450 in additional revenue. Obama's plan wouldn't sound as good to you if he was actually required to raise taxes on you to get it. Republicrat's lower taxes and higher spending is setting the US up to be another Lehman Brothers because it uses the same kind of magic math instead of facing trade-off decisions.

[Big Dog]

More employment, is one way to make things better. Pretty hard to balance the budget now, without hurting many citizens. 2 unfunded wars, borrowed from china, increased the deficit trillions.

[mjs]

I agree with the statements, but how does skipping half our payments to an already under funded socialist security program create jobs? The money it saves me will continue to go to my 401k, and the money my company saves will go to it's growing cash stockpile, as will happen every where for most everyone. The fiscally responsible are in the phase to save for the rainy days ahead. The big spenders [[aka big borrowers) are working on paying down their hangover of debts.

This isn't even about balancing the budget. It's about just holding it's growth to the fastest rate ever seen in our life times. Not creating further government expenditures will always affect people, but at some point the binge spending spree will end for us like at has for Greece. It is going to be so much harder then, affecting so many more then. We can not afford to slow one recession by laying the ground work for another. Has anyone else noticed how back to back recessions are already coming under this Presidents policies?