Barak Obama dissed at Town Hall

PAD1OH

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Tax cuts usually result in more spending. If I have more money in my check at the end of the week, I am more apt to by THINGS.

If a company is making more money, they are apt to reinvest, grow and hire additional labor.
sorry to tell you but it's a little bit more complicated than that.

why do you think Alan Greenspan thinks you are wrong?
 


CookieMonster

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Eloquent woman questions actions of eloquent man. News at 11. Good piece, shows that civil discourse mightn't be dead in the country.
Eloquent educated middle class black woman asks President, why she's getting poorer. He tells her to wait a few years and buy some shoes in the mean time... I think it shows that honest political discourse is dead.

"it sounds like you have kids..."?
 

antiestablishmentarian

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America wants jobs, Americans like to work. Obama needs to put aside the Socialist agenda, and get on board with corporate America.

Business creates jobs, Business creates revenues, Governments spend the Tax payers money, and create debt.

This lack of economic sense is why Europe has longterm systemic unemployment, and the US is heading down the same road.
Complete rubbish. What measures has Obama taken to curb the power of Wall Street and what measures has he taken that could be remotely described as Socialist?
 

CookieMonster

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Complete rubbish. What measures has Obama taken to curb the power of Wall Street and what measures has he taken that could be remotely described as Socialist?
Ó Donnchadha is American, there is a difference between their understanding of "socialist" and what Europeans understand as "socialist".
 

Jezza

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48% blame Obama, 47% blame Bush. So basically Democrats blame Bush and Republicans blame Obama. The other 5% probably blame the Jooooooos. America in a nutshell.
 

CookieMonster

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48% blame Obama, 47% blame Bush. So basically Democrats blame Bush and Republicans blame Obama. The other 5% probably blame the Jooooooos. America in a nutshell.
The movement of those figures is the important factor. You seem to have missed that.
 

Goober

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I guess the real story here is that people are no longer falling for Obama and the Democrat’s mantra of “If you gild it, they will succumb

REMEMBER NOVEMBER!
 

Green eyed monster

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Why are you envious of the Rich ? if a person works hard, and makes a decent living, should he or she have to give it to you ?

Most people of wealth work long arduous hours, they don't sit at home on the dole.

I think you mean Warren Buffett.

Wealthy citizens in the US give plenty of money to charity.



Bill gates has given away a huge portion of his wealth, he has created thousands of welll paid jobs. Warren Buffett has also given away a fortune.

Don't be envious off what others have.
I object to the concept of charity in this context. Tax them, take it off them and then spend it appropriately. If their wealth is increasing by 10 odd percent every year even during recessionary periods while millions of Americans are living in tents and while they are availing of low taxes and Wall Street scams including bailouts then there is clearly something wrong. The needs of the many outweigh the needs of the few wall street scammers. We are talking about need versus greed. We aren't talking about people who 'work' for a good wage, we are talking about people who hire people to manipulate money on their behalf, we are talking about billionaires who make their money from screwing the system (and pay politicians to keep the system constantly screwable).

Besides Gates and co haven't given anything away yet, what we have so far is a story saying that they intend to and nothing more. When they do it will probably be to some project to stop the Africans multiplying or something... Nothing to do with Americans.

why do you think Alan Greenspan thinks you are wrong?
It shows that even Greenspan is horrified at the extent to which the low regulation system he introduced has laid waste to the US economy, the architect of the neoliberalism of the last 20 years is himself saying enough is enough.

Their loss is our (Their - Americans) gain....

The Terrible Tale of the TARP Two Years Later | Op-Eds & Columns

Let’s step back to where we were two years ago. The huge investment bank Bear Stearns had collapsed. So had Fannie Mae and Freddie Mac, the mortgage giants. Lehman Brothers, the fourth largest investment bank had also gone down. AIG, the country’s largest insurer had been put on life support by the government.

At this point, Merrill Lynch, Morgan Stanley and Goldman Sachs, the three remaining independent investment banks, all faced runs that would quickly sink them absent government intervention. Citigroup and Bank of America, two of the three largest commercial banks, were also almost certainly insolvent. Many other banks also faced insolvency, especially if they took big losses on their loans to other institutions that were about to go bankrupt.

This was when the Wall Street boys made their mad rush for the public trough. They enlisted everyone that mattered in the effort, including Treasury Secretary Henry Paulson, Federal Reserve Board Chairman Ben Bernanke, and Timothy Geithner, then the head of the New York Federal Reserve Bank.....

We are also supposed to feel good that the vast majority of the TARP money was repaid. This is another effort to prey on the public’s ignorance. Had it not been for the bailout, most of the major center banks would have been wiped out. This would have destroyed the fortunes of their shareholders, many of their creditors, and their top executives. This would have been a massive redistribution to the rest of society – their loss is our gain.
Instead of fattening these destroyers again with more tax cuts and dereg, it would be healthier if they had been obliterated. Now they survive and they will probably be back with a swinging ball again in a few years.
 

Ó Donnchadha

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Complete rubbish. What measures has Obama taken to curb the power of Wall Street and what measures has he taken that could be remotely described as Socialist?
Shall we start with his takeover of the health system ? How about his constant class warfare rhetoric, blaming all his problems on Wall Street.


If Obama does not engage Wall street, then there will be no jobs on Main St.

Lets take a look at the deficit since Obama has been in office.


 

borntorum

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Ó Donnchadha is American, there is a difference between their understanding of "socialist" and what Europeans understand as "socialist".
Then they should educate themselves as to what 'socialism' actually means if they are going to bandy it around as a term of abuse, shouldn't they?

Or should we let them bastardise 'socialism' in the same way they have with 'liberalism'?
 
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CookieMonster

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Then they should educate themselves as to what 'socialism' actually means if they are going to bandy it around as a term of abuse, shouldn't they?

Or should we let them bastardise 'socialism' in the same way they have with 'liberalism'?
You mean the same way "conservative" is a dirty word over here?

Oh the double standards, they amuse me so.
 

borntorum

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You mean the same way "conservative" is a dirty word over here?

Oh the double standards, they amuse me so.
So dirty that the government of the UK is run by the Conservative party?

My point, as you well know, isn't about whether 'socialism' is a good thing or popular or whatever in America. It's that when the right throws it around as a term of abuse they misuse the word, and you seem to be happy for them to do so. No doubt if Europeans start labelling, for example, the Tea Party as 'fascist' you would be contemptuous of them.
 

Ó Donnchadha

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Then they should educate themselves as to what 'socialism' actually means if they are going to bandy it around as a term of abuse, shouldn't they?

Or should we let them bastardise 'socialism' in the same way they have with 'liberalism'?
I think it is you, that needs to grasp the real definition of Socialism. Even your Dear Leader Fidel Castro has had an epiphany:

Jeffrey Goldberg, a national correspondent for The Atlantic magazine, asked if Cuba's economic system was still worth exporting to other countries, and Castro replied: "The Cuban model doesn't even work for us anymore" Goldberg wrote Wednesday in a post on his Atlantic blog.
Fidel: 'Cuban Model Doesn't Even Work For Us Anymore' - Jeffrey Goldberg - International - The Atlantic
 

CookieMonster

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No doubt if Europeans start labelling, for example, the Tea Party as 'fascist' you would be contemptuous of them.
Hi, I was a member of Libertas I was, and still am, called a fascist, a nazi, far-right, extremist etc...
 


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