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Recovery Summer: not!





Voodoocat
One more strike against Obamanomics: his summer of economic recovery has fizzled into a bog of continued unemployment, slumping house sales and fears of a double dip recession. Is it finally time for Obama to throw in the Keynesian towel and admit that the stimulus has not occured?

Check out these stories from NPR:

'Recovery Summer' Ends With Economic Pothole
The Job Market Is Stuck
Jobless Rate 9.6 Percent In August
http://www.npr.org/templates/story/story.php?storyId=129611785

The bad news continues with no solution in sight.
handfleisch
Voodoocat wrote:
One more strike against Obamanomics: his summer of economic recovery has fizzled into a bog of continued unemployment, slumping house sales and fears of a double dip recession. Is it finally time for Obama to throw in the Keynesian towel and admit that the stimulus has not occured?

Check out these stories from NPR:

'Recovery Summer' Ends With Economic Pothole
The Job Market Is Stuck
Jobless Rate 9.6 Percent In August
http://www.npr.org/templates/story/story.php?storyId=129611785

The bad news continues with no solution in sight.


Does this mean you are finally ready to answer the question: What did Obama supposedly do wrong? What should he have done instead? What solutions does the right wing have?

I bet not, because the Repubs have no solutions, only attack politics and negativism. Obama saved tens of thousands of jobs in saving the car industry and the stimulus, and he stopped the downward slide that was happening when he came into office.
Voodoocat
Quote:
Obama saved tens of thousands of jobs in saving the car industry


You are correct- Obama took billions of taxpayer dollars and lent it a huge, multibillion dollar company called GM to "save" the company from bankruptcy. GM then filed for bankruptcy. Would it not have been wiser to let GM file for bankruptcy and save billions?

And GM is still laying off people! Shocked
Quote:
General Motors will lay off 330 with closing of Powertrain Flint North in November

http://www.mlive.com/auto/index.ssf/2010/08/general_motors_will_lay_off_33.html

Quote:
In a sign of China's importance to GM, the company headquartered its international operations in Shanghai after a 50-billion-dollar restructuring that led to mass layoffs, plant closures and billions of dollars in debt wiped out.

http://www.google.com/hostednews/afp/article/ALeqM5htsTXtj36ZzHX-pdRqBECdBy9YfA
All funded by the American taxpayer, of course. Evil or Very Mad



Obama has made all American taxpayers GM shareholders. So what does he do? He has an IPO that will LOSE money! Rolling Eyes

Quote:
Treasury to sell first shares below break-even-sources

http://www.reuters.com/article/idUSN0315109920100903

Now that's change you can believe in!
handfleisch
Voodoocat wrote:
Quote:
Obama saved tens of thousands of jobs in saving the car industry


You are correct- Obama took billions of taxpayer dollars and lent it a huge, multibillion dollar company called GM to "save" the company from bankruptcy.


You totally avoided the question. That figures. Apparently, lots of Republicans are avoiding debates right now so they don't have to expose their lack of solutions or defend their whacked policies that got us in this mess. Maybe you're the type that would shoot himself in the foot just to make sure his party wins.

In case you want to give it a try, here is the question again:

In terms of decreasing unemployment, What should Obama have done instead? What solutions does the right wing have?
Voodoocat
Apparently the administraion is in panic mode. According to Jim VandeHei, the executive editor of Politico:
Quote:

"They get it. There's panic. There's concern," VandeHei said. "The reality for this administration stinks, politically and practically, when it comes to the economy. You're not going to be able to change that 9.6-percent unemployment figure.


It gets better:
Quote:
From your experience on the Hill, have you heard any Democrats in private conversations say, 'You know what? We went down the wrong road. We went after health care. We went after so many other things on the Obama agenda ...


The answer?

Quote:
"Not only have we heard that, but we've been hearing it for months," said Cordes. "We heard it during the health care debate that dragged on for a year when the economy was so bad...

http://www.cbsnews.com/stories/2010/09/05/ftn/main6837589.shtml

Maybe the Democrats need more "change we can believe in"?
handfleisch
Voodoocat wrote:

Maybe the Democrats need more "change we can believe in"?

Hmm, you can't answer the basic question and now this. Are you the type that would shoot himself in the foot just so his party wins?
Voodoocat
More bad news for Obama: CNN has joined the glum outlook on Obama's stimulus:

Quote:
Obama plans big economic push: Too little, too late?


And now a rather public assessment of the Democrats problems:

Quote:
There's certainly urgency to the situation because panic is starting to set in privately among some Democratic strategists if the American people don't see economic improvement by November.


http://www.cnn.com/2010/POLITICS/09/06/economy.obama.democrats/?hpt=T2

Why would the Democrats be in a panic if their economic plans worked? Once again, Keynesian economics have been proved false.
handfleisch
Voodoocat wrote:
More bad news for Obama: CNN has joined the glum outlook on Obama's stimulus:

Quote:
Obama plans big economic push: Too little, too late?



Voodoo, why don't you rename this thread "Repubs: We Hope to Fail" or "We Celebrate Bad News" or "We Still Can't Accept That We Lost"?
ocalhoun
handfleisch wrote:
What solutions does the right wing have?

Just because the right wing doesn't have the solutions doesn't mean that there aren't any solutions.

Try:
*Institute the fairtax system, making taxation far more efficient (cost savings) and attracting foreign investment and jobs. (Since fairtax only taxes retail sales, foreign companies will be eager to locate jobs here, where they wouldn't have to pay taxes on labor, or on exported goods.)
*Introduce decisive, powerful, yet simple financial reforms, and enforce them savagely.
*Make sure all fines against corporate misconduct exceed the profit made from that misconduct, and make watchdogs and whistle-blowers recipients of some of that fine money, as a reward for their integrity.
*Allow interest rates to regain a more natural level (thereby enticing banks to lend more)
*Make immigration quick and easy for everyone, giving us a large force of new, enthusiastic workers to add wealth to the economy.
*Serious -- revolutionary -- campaign finance reform
*Slash subsidies to a large variety of industries, reducing inefficiency and dependency.
*Reform medical care in a way that actually lowers the cost, rather than just changing who pays for it.
*Privatize the existing social security framework, and replace it with individual (possibly mandatory) savings accounts. That way, individuals are guaranteed to receive what they put into it, plus interest. An additional tax might still be added to help cover those expected to not save up enough for retirement due to low income.
Voodoocat
The problem with your suggestions are that they make sense! What politician, Republican or Democrat, would vote for something that made sense?

I am especially fond of the fair tax. It's simple, fair, and has the obvious benefits that you mentioned.
handfleisch
ocalhoun
*disappointment*

I was hoping handfleisch would debate some of the suggestions I mentioned.

Sad

Instead, all I get is more partisanship.
That makes me a sad pony...
deanhills
handfleisch wrote:
or "We Still Can't Accept That We Lost"?
Probably time will tell on that this November? I would imagine that the opposition party, if it is really an opposition party will never give up!
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