Economists agree with Obama
[QUOTE=Tiny12; 426930][url]http://online.wsj.com/article/SB10000872396390444813104578016873186217796.html?mod=googlenews_wsj[/url]
An excerpt, because you have to read to the end to get their line of reasoning,
"In reality, the biggest difference between this recovery and others hasn't been the nature of the crisis, but the nature of the policy prescriptions. Mr. Obama's chief anti-recession idea was a near trillion-dollar leap of faith in the Keynesian "multiplier" effect of government spending. It was the same approach that didn't work in the 1930s, didn't work in the 1970s, didn't work in 2008, and didn't work in such other nations as Japan. It didn't work again in 2009.[/QUOTE]WSJ is a right-wing news organization with the same owner as Fox News. Furthermore, this looks like an opinion piece not an economic analysis. Relying on one such article is like me presenting an opinion piece from HuffPost as proof. Tiny, I thought your research was more robust than that. If you want the truth about economic issues you need to look at what a broad spectrum of economists say, not Rupert Murdoch's News Corp media.
Look up the Chicago Booth poll of 40 economists on the 2009 stimulus. 92 percent agreed that the stimulus succeeded in reducing the jobless rate. On the harder question of whether the benefit exceeded the cost, more than half thought it did, one in three was uncertain, and fewer than one in six disagreed.
The USA Economic Policy Debate Is a Sham
[url]http://www.bloomberg.com/news/2012-07-23/the-u-s-economic-policy-debate-is-a-sham.html[/url]
Thought that some facts wouldn't hurt
[url]http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/117xx/doc11706/08-24-arra.pdf[/url]
Yes, there are assumptions made in the econometric modelling.
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http://factcheck.org/2012/09/romneys-stump-speech/
Income distribution and political stability-or what's really going on
Is it class warfare, to counter the extreme concentration of wealth and income that has occurred in the USA since the beginnings of the g w Bush presidency? Were w's policies that permitted so great a concentration of wealth effectively a class warfare on the part of the representative of the top. 5% against the other 99. 5% of the population. The doctor, lawyer, small business person earning $1 million dollars yearly may have more economically in common with the average worker than those in the top. 5.
Opinion piece by a pulitzer prize winning journalist-an opinion, but something to think about:
[url]http://www2.ucsc.edu/whorulesamerica/power/wealth.html[/url]
I remember a history professor explaining[opinion, but a learned one] that the french revolution occurred when the top 9. 5% realized that they had more in common with the 99. 5% than the wealthiest aristocrats.
[url]http://en.wikipedia.org/wiki/Income_inequality_in_the_United_States[/url]
Yes, wiki is not a good source on it's own because anyone with any background or point of view can post. I posted this link so you can look at the footnotes and see the sources of the factual statements. The bottom line is that both income and wealth have become very concentrated in the top. 5-radically so since the time of reagan. This breaks a trend of increasing equality beginning after the end of the great depression / wwII. Has this trend starting in the late 70's and early 80's, itself been a form of "class warfare"?
I personally am very disappointed with Obama and the mitt. I will vote for Obama because mitt's choice of paul ryan[I would love to see 10 years of his income tax returns] meaNS THAT MITT will likely adapt the extreme supply sider point of view in searching for solutions to the dammed mess the USA economy is in today. As estan has pointed out, this extreme supply sider point of view-per the univ of chicago survey of the leading economists- is a small extreme viewpoint. I am specially referring to the very Herbert Hooverish view that stimulus does not create jobs- rather, we need to unleash the power and ability to accumulate wealth of the top. 5% of this nation and they will solve the problems with the help of the invisiable hand of the free market.
Mitt's income tax returns-to me the answer is likely that mitt took advantage of the 2009 amnesty to report hidden over-seas funds. There would be an outrage if this is revealed. Everything would be legal, but smell like old fish for someone who wants to be elected president.
One year ago, I was planning and hoping to vote for mitt. I read QUITE A BIT ABOUT HIM. There was a series in the New Yorker about his transition from the private to the public sector. I cannot remember the source, but there was a quotation from an interview mitt gave while governor. He said that working in the private sector was much easier: his job was to create value only for his shareholders within the bounds of the law. In the public sector there are many different conflicting public policy goals. I am disappointed by the policy choices he has made or is making. Having the personal skill set to govern as an autocrat at bain or the Olympic committee, is very different than leading the republican party and being a political leader to get things done in the capital.
I almost never post anything political on this forum because it is really about pussy and having fun in buenos aires and the personalities of the regulars. I am pretending that this is likely a different chatroom. Sorry for not proof reading. I will likely NOT READ ANYONES' REACTION TO THIS POSTING. HAVE FUN BOYS
TINY-I AGREE-the way the stiumulous was done by congress was questionable
Should Obama been a stronger and better leader-YES. Could the stimulus package has been more successful if it was not chopped up by the politicians in congress-yes. Is that on the dems-yes.
Does the way the 2008/09 stimulus and bail-outs were implemented means that stimulus is not a useful tool to jump start this economy, no
Will the Jews vote for Obama?
Considering the cold relations between Obama and Netanyahu, the Iranian situation, and the failed Obama foreign policies, how could any American Jew or even Christians vote for Obama without thumbing their nose at Israel?
Isn't it obvious Obama doesn't like Israel, does anyone really think Obama would be any more congenial with Israel in a second term? He might show "more flexibility" with the Russians after the election but I doubt he will with Israel.
We need a POTUS that understands that Iran and other radical Muslim groups hate all none Muslins, be they Jew, Christian, atheist, or whatever, they want to convert you to teachings of Islam or kill you, there's no in between!
How can the United States or the World tolerate countries or groups who have openly called for the eradication of other nations and races of people from the face of the earth?
Appeasement perhaps? I think Hitler showed us how well that works, have you forgotten? I think these people are worse that Hitler, and perhaps soon they will be more powerful. Never forget, evil exist, it's real!
Don't think for a moment these radicals won't attack Israel or even the United States when they develop the capabilities, as WT69 would say 'Wake up'.
Electoral College Check-In (#2)
[QUOTE=Esten; 425200]With the Ryan pick to boost his struggling campaign, Romney is hoping for a boost in the polls. People will be watching the polls, especially the electoral college to detect any shifts. If they shift in Obama's favor, it's all but over.
I am really shaking my head at what Romney has done. Lagging in the polls, what does he do? He makes scaling back Medicare an election focus. I thought the plan was to make it a referendum on Obama? This could turn quite badly for Republicans. We will see.
Electoral College 8/13/2012 (realclearpolitics) (270 to win)
Obama 237
Romney 191
Toss Ups 110
Toss Up States (Electoral Votes) :
Colorado (9) Obama +1.2
Florida (29) Obama +1.4
Iowa (6) Obama +1.0
Nevada (6) Obama +5.3
New Hampshire (4) Obama +2.6
North Carolina (15) Romney +1.0
Ohio (18) Obama +4.8
Virgina (13) Obama +3.2
Wisconsin (10) Obama +5.4[/QUOTE]
That first check-in was 08-13-12. Since then, 3 states moved from Toss Up to Leans Obama (Wisconsin, Ohio, New Hampshire), while 1 state moved from Leans Romney to Toss Up (Missouri). Quite a shift, and Obama increased his lead in most of the remaining toss ups. This is driven largely by two things. First, a good DNC convention that got the real Democrat message out (not the Fox News distortion of the Democrat message). Second, the video where Romney dissed 47% of the population. Thanks to Jimmy Carter's grandson.... poetic justice at its sweetest. Here's the new benchmark to judge the effect of the upcoming debates.
Electoral College 10/2/2012 (realclearpolitics) (270 to win)
Obama 269
Romney 181
Toss Ups 88
Toss Up States (Electoral Votes) :
Colorado (9) Obama +3.1
Florida (29) Obama +3.0
Iowa (6) Obama +3.5
Nevada (6) Obama +5.2
North Carolina (15) ---tie---
Virginia (13) Obama +3.7
Missouri (10) Romney +5.0
Facts rather than religious-like beliefs never hurt
[url]http://factcheck.org/2012/10/dubious-denver-debate-declarations/[/url]