Comments on: *Another* stimulus? Well, folks, remember - it’s OBAMA’S deficit http://www.redstate.com/bs/2009/07/03/another-stimulus-well-folks-remember-its-obamas-deficit/ Sat, 05 Dec 2009 02:33:10 +0000 http://wordpress.org/?v=2.6.1 By: bs http://www.redstate.com/bs/2009/07/03/another-stimulus-well-folks-remember-its-obamas-deficit/#comment-1577 bs Fri, 03 Jul 2009 17:07:23 +0000 http://www.redstate.com/bs/?p=438#comment-1577 which was in response to the many of us (including me) who slapped him around because he was simply spending on liberal pet projects instead of stuff that, you know, would actually <i>stimulate</i> the economy. <a href="http://corner.nationalreview.com/post/?q=M2MzNTc5YzQ3MmRkYzE2YzM3MGFlMjk2ZDliZDEzY2U">Obama: If It's Spending, It's Stimulus</a> which was in response to the many of us (including me) who slapped him around because he was simply spending on liberal pet projects instead of stuff that, you know, would actually stimulate the economy.

Obama: If It’s Spending, It’s Stimulus

]]> By: civil_truth http://www.redstate.com/bs/2009/07/03/another-stimulus-well-folks-remember-its-obamas-deficit/#comment-1576 civil_truth Fri, 03 Jul 2009 16:58:06 +0000 http://www.redstate.com/bs/?p=438#comment-1576 ..and nothing about actually rescuing the economy. Every action since then has been about political pay-off, the Chrysler-GM "rescue", Cap and Trade, Health "reform", TARP money allocation - plundering the public treasure in the time-tested rising "democratically-elected" dictator manner (lastest example, Hugo Chavez). ..and nothing about actually rescuing the economy.

Every action since then has been about political pay-off, the Chrysler-GM “rescue”, Cap and Trade, Health “reform”, TARP money allocation - plundering the public treasure in the time-tested rising “democratically-elected” dictator manner (lastest example, Hugo Chavez).

]]> By: Achance http://www.redstate.com/bs/2009/07/03/another-stimulus-well-folks-remember-its-obamas-deficit/#comment-1575 Achance Fri, 03 Jul 2009 16:43:07 +0000 http://www.redstate.com/bs/?p=438#comment-1575 the general economy, certainly not the economy that most here participate in. In the guise of "stimulating" the economy that they and their allies had taken down, they simply raided the Treasury and handed money out to their constituent groups. The greatest resentment the Democrats held for those long awful years from '94 to '09 is that they had been pushed out of the trough. The "stimulus" was a quick taste of walking around money to help them all get past the bad times. The best analogy would be a dealer sporting a junkie in withdrawals a little taste to get him back on his feet so he can get back out there and steal something and start bringing the money in again. the general economy, certainly not the economy that most here participate in. In the guise of “stimulating” the economy that they and their allies had taken down, they simply raided the Treasury and handed money out to their constituent groups.

The greatest resentment the Democrats held for those long awful years from ‘94 to ‘09 is that they had been pushed out of the trough. The “stimulus” was a quick taste of walking around money to help them all get past the bad times. The best analogy would be a dealer sporting a junkie in withdrawals a little taste to get him back on his feet so he can get back out there and steal something and start bringing the money in again.

]]> By: bk http://www.redstate.com/bs/2009/07/03/another-stimulus-well-folks-remember-its-obamas-deficit/#comment-1574 bk Fri, 03 Jul 2009 16:31:16 +0000 http://www.redstate.com/bs/?p=438#comment-1574 Half the graph will disappear so that in 2012 he can say he inherited a $50 gazillion deficit which he trimmed in half. So we need to elect him to a second term to finish the job he started. Half the graph will disappear so that in 2012 he can say he inherited a $50 gazillion deficit which he trimmed in half. So we need to elect him to a second term to finish the job he started.

]]> By: MSU_Charles http://www.redstate.com/bs/2009/07/03/another-stimulus-well-folks-remember-its-obamas-deficit/#comment-1573 MSU_Charles Fri, 03 Jul 2009 16:28:19 +0000 http://www.redstate.com/bs/?p=438#comment-1573 Look how they have structured the cash flows to give the appearance that the deficit is reduced at an increasing rate through the 2012 election year. It then begins increasing at an increasing rate through the end of the next decade. The slight-of-hand estimates from this White House are simply amazing. I can already hear and see the 2012 stories from the MSM of how this White House has "cut the deficit" in each of the last 3 years. Of course with no mention of how it will immediately increase after the election. Look how they have structured the cash flows to give the appearance that the deficit is reduced at an increasing rate through the 2012 election year. It then begins increasing at an increasing rate through the end of the next decade. The slight-of-hand estimates from this White House are simply amazing. I can already hear and see the 2012 stories from the MSM of how this White House has “cut the deficit” in each of the last 3 years. Of course with no mention of how it will immediately increase after the election.

]]> By: bk http://www.redstate.com/bs/2009/07/03/another-stimulus-well-folks-remember-its-obamas-deficit/#comment-1572 bk Fri, 03 Jul 2009 16:28:10 +0000 http://www.redstate.com/bs/?p=438#comment-1572 If it involves more spending and higher taxes, then no matter what it is, it's a good thing. (Well, unless maybe the higher spending is on DoD.) If it involves more spending and higher taxes, then no matter what it is, it’s a good thing. (Well, unless maybe the higher spending is on DoD.)

]]> By: bk http://www.redstate.com/bs/2009/07/03/another-stimulus-well-folks-remember-its-obamas-deficit/#comment-1571 bk Fri, 03 Jul 2009 16:26:52 +0000 http://www.redstate.com/bs/?p=438#comment-1571 that on top of our tax cut we'll see a $2,500/year reduction in health care premiums. We're all going to be sitting pretty! that on top of our tax cut we’ll see a $2,500/year reduction in health care premiums. We’re all going to be sitting pretty!

]]> By: bs http://www.redstate.com/bs/2009/07/03/another-stimulus-well-folks-remember-its-obamas-deficit/#comment-1570 bs Fri, 03 Jul 2009 16:16:24 +0000 http://www.redstate.com/bs/?p=438#comment-1570 The idea is to counteract Kitten's constant whining about "failed Bush policies" and trying to deflect the blame from his own insane spending. At this point I'll take a mental image in the minds of the American people over preciseness. But it would be nice to have an up-to-date graph, since it's only become worse. The idea is to counteract Kitten’s constant whining about “failed Bush policies” and trying to deflect the blame from his own insane spending. At this point I’ll take a mental image in the minds of the American people over preciseness.

But it would be nice to have an up-to-date graph, since it’s only become worse.

]]> By: izoneguy http://www.redstate.com/bs/2009/07/03/another-stimulus-well-folks-remember-its-obamas-deficit/#comment-1569 izoneguy Fri, 03 Jul 2009 16:10:58 +0000 http://www.redstate.com/bs/?p=438#comment-1569 The liberals will not tax you - they will just collect more "fees:". Cap & Trade is a sinister plot to "tax" everyone that flips a light switch. Cap & Trade is not about "green" jobs. It is a job destroying plot to grab your money through the back door. The liberals will not tax you - they will just collect more “fees:”.

Cap & Trade is a sinister plot to “tax” everyone that flips a light switch.

Cap & Trade is not about “green” jobs. It is a job destroying plot to grab your money through the back door.

]]> By: benwhite72 http://www.redstate.com/bs/2009/07/03/another-stimulus-well-folks-remember-its-obamas-deficit/#comment-1568 benwhite72 Fri, 03 Jul 2009 16:07:42 +0000 http://www.redstate.com/bs/?p=438#comment-1568 That graph is out of date. It's from back when unemployment wasn't going to get above 8%. And it doesn't include the new analysis from the CBO that acknowledges that all that borrowing will require higher interest rates, making the borrowing more expensive. The higher expense is paid for with ... more borrowing. I wish someone would update this graph. That graph is out of date. It’s from back when unemployment wasn’t going to get above 8%. And it doesn’t include the new analysis from the CBO that acknowledges that all that borrowing will require higher interest rates, making the borrowing more expensive. The higher expense is paid for with … more borrowing.

I wish someone would update this graph.

]]> By: bk http://www.redstate.com/bs/2009/07/03/another-stimulus-well-folks-remember-its-obamas-deficit/#comment-1567 bk Fri, 03 Jul 2009 16:06:01 +0000 http://www.redstate.com/bs/?p=438#comment-1567 since the other 95% of us were promised a tax cut and that there was no way no how that we would pay a single cent more in any type of taxes. since the other 95% of us were promised a tax cut and that there was no way no how that we would pay a single cent more in any type of taxes.

]]> By: louisiana http://www.redstate.com/bs/2009/07/03/another-stimulus-well-folks-remember-its-obamas-deficit/#comment-1566 louisiana Fri, 03 Jul 2009 15:57:01 +0000 http://www.redstate.com/bs/?p=438#comment-1566 that whatever hits the fan, it will not be evenly distributed that whatever hits the fan, it will not be evenly distributed

]]> By: izoneguy http://www.redstate.com/bs/2009/07/03/another-stimulus-well-folks-remember-its-obamas-deficit/#comment-1565 izoneguy Fri, 03 Jul 2009 15:52:36 +0000 http://www.redstate.com/bs/?p=438#comment-1565 <p><object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/qbbCTJxT7MA&color1=0xb1b1b1&color2=0xcfcfcf&hl=en&feature=player_embedded&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowScriptAccess" value="always"></param><embed src="http://www.youtube.com/v/qbbCTJxT7MA&color1=0xb1b1b1&color2=0xcfcfcf&hl=en&feature=player_embedded&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="425" height="344"></embed></object></p>

]]> By: izoneguy http://www.redstate.com/bs/2009/07/03/another-stimulus-well-folks-remember-its-obamas-deficit/#comment-1564 izoneguy Fri, 03 Jul 2009 15:43:48 +0000 http://www.redstate.com/bs/?p=438#comment-1564 http://hotair.com/archives/2009/07/03/video-colin-powell-suddenly-concerned-about-government-spending/ http://hotair.com/archives/2009/07/03/video-colin-powell-suddenly-concerned-about-government-spending/

]]> By: Spartan4Life http://www.redstate.com/bs/2009/07/03/another-stimulus-well-folks-remember-its-obamas-deficit/#comment-1563 Spartan4Life Fri, 03 Jul 2009 15:42:17 +0000 http://www.redstate.com/bs/?p=438#comment-1563 I guarantee you they have no idea where all this money is. I have predicted that as much as 1/3 to 1/2 of this money will simply disappear into thin air. Read my post today on John Maynard Keynes if you want to know what is fundamentally flawed about Porkulus. Contrary to widely accepted economic dogma, I actually believe government spending has a negative velocity when you factor how much just gets lost in the ether. It is certainly a fraction of the velocity that tax cuts provide. Even Christina Romer knows this. The problem we have as a country is that we have created a tax system where a small percentage of citizens pay the vast majority of taxes. Therefore, tax cuts are no longer politically popular. Unfortunately, history has shown that tax cuts are the only thing that really work as economic stimulus. Obama's is clueless. I guarantee you they have no idea where all this money is. I have predicted that as much as 1/3 to 1/2 of this money will simply disappear into thin air.

Read my post today on John Maynard Keynes if you want to know what is fundamentally flawed about Porkulus. Contrary to widely accepted economic dogma, I actually believe government spending has a negative velocity when you factor how much just gets lost in the ether. It is certainly a fraction of the velocity that tax cuts provide. Even Christina Romer knows this.

The problem we have as a country is that we have created a tax system where a small percentage of citizens pay the vast majority of taxes. Therefore, tax cuts are no longer politically popular. Unfortunately, history has shown that tax cuts are the only thing that really work as economic stimulus.

Obama’s is clueless.

]]> By: Sundayjack http://www.redstate.com/bs/2009/07/03/another-stimulus-well-folks-remember-its-obamas-deficit/#comment-1562 Sundayjack Fri, 03 Jul 2009 15:41:21 +0000 http://www.redstate.com/bs/?p=438#comment-1562 That bar graph. Some industrious marketing person needs to put that on a bumper sticker? That bar graph.

Some industrious marketing person needs to put that on a bumper sticker?

]]> By: reaganiterepublicanresistance http://www.redstate.com/bs/2009/07/03/another-stimulus-well-folks-remember-its-obamas-deficit/#comment-1561 reaganiterepublicanresistance Fri, 03 Jul 2009 15:27:49 +0000 http://www.redstate.com/bs/?p=438#comment-1561 Obama’s ill-advised $700B+ “stimulus” program is a train-wreck in progress: these jobs figures are far worse than the ones the White House warned us about if we DIDN’T pass the bill- so it was passed, and then unemployment soars anyway? Instead of creating jobs, interest rates were bumped up, the dollar slid… and it didn’t help anybody get any work. Much of this is due to the fact that Obama’s radical agenda has mortified almost every machine of job-and-growth creation in the country. The One couldn’t deliver the type of “temporary, targeted, and timely” bill that he promised repeatedly- regardless of his image in the MSM as almighty, Obama simply lacks the the political stature to control Pelosi and Reid… who hit the trough hard, while bickering like siblings. And the lack of GOP co-conspirators exposed Obama politically… this legislation now looks to be a HUGE gamble. And when all this pork-n-welfare fails to generate any real economic gains, the Democrats will face a bloodbath in 2010. One could even make the argument that Obama knows his legacy will be in tatters by 2012… and is just ramming through as much of his far-left agenda as he can before the day comes when people cringe at the mere mention of his name… sure seems like it. http://reaganiterepublicanresistance.blogspot.com/ Obama’s ill-advised $700B+ “stimulus” program is a train-wreck in progress: these jobs figures are far worse than the ones the White House warned us about if we DIDN’T pass the bill- so it was passed, and then unemployment soars anyway?

Instead of creating jobs, interest rates were bumped up, the dollar slid… and it didn’t help anybody get any work. Much of this is due to the fact that Obama’s radical agenda has mortified almost every machine of job-and-growth creation in the country.

The One couldn’t deliver the type of “temporary, targeted, and timely” bill that he promised repeatedly- regardless of his image in the MSM as almighty, Obama simply lacks the the political stature to control Pelosi and Reid… who hit the trough hard, while bickering like siblings.

And the lack of GOP co-conspirators exposed Obama politically… this legislation now looks to be a HUGE gamble. And when all this pork-n-welfare fails to generate any real economic gains, the Democrats will face a bloodbath in 2010.

One could even make the argument that Obama knows his legacy will be in tatters by 2012… and is just ramming through as much of his far-left agenda as he can before the day comes when people cringe at the mere mention of his name… sure seems like it.

http://reaganiterepublicanresistance.blogspot.com/

]]> By: bs http://www.redstate.com/bs/2009/07/03/another-stimulus-well-folks-remember-its-obamas-deficit/#comment-1560 bs Fri, 03 Jul 2009 15:23:57 +0000 http://www.redstate.com/bs/?p=438#comment-1560 Krugman's been peddling that line of crap since the first "stimulus" was discussed: <a href="http://www.nytimes.com/2009/03/09/opinion/09krugman.html">http://www.nytimes.com/2009/03/09/opinion/09krugman.html</a> <blockquote>Republicans are now firmly committed to the view that we should do nothing to respond to the economic crisis, except cut taxes — which they always want to do regardless of circumstances. If Mr. Obama comes back for a second round of stimulus, they’ll respond not by being helpful, but by claiming that his policies have failed.</blockquote> It may not be "helpful," but it is most certainly correct. Krugman’s been peddling that line of crap since the first “stimulus” was discussed:

http://www.nytimes.com/2009/03/09/opinion/09krugman.html

Republicans are now firmly committed to the view that we should do nothing to respond to the economic crisis, except cut taxes — which they always want to do regardless of circumstances. If Mr. Obama comes back for a second round of stimulus, they’ll respond not by being helpful, but by claiming that his policies have failed.

It may not be “helpful,” but it is most certainly correct.

]]> By: tempest http://www.redstate.com/bs/2009/07/03/another-stimulus-well-folks-remember-its-obamas-deficit/#comment-1559 tempest Fri, 03 Jul 2009 15:23:29 +0000 http://www.redstate.com/bs/?p=438#comment-1559 That is a mighty powerful picture...so much so...that even the masses shouldn't have too much trouble understanding it. That is a mighty powerful picture…so much so…that even the masses shouldn’t have too much trouble understanding it.

]]> By: izoneguy http://www.redstate.com/bs/2009/07/03/another-stimulus-well-folks-remember-its-obamas-deficit/#comment-1557 izoneguy Fri, 03 Jul 2009 15:13:58 +0000 http://www.redstate.com/bs/?p=438#comment-1557 The Obamanation is busy and clouding the waters again: http://www.nytimes.com/2009/07/03/opinion/03krugman.html The Obamanation is busy and clouding the waters again:

http://www.nytimes.com/2009/07/03/opinion/03krugman.html

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