Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (655684)	5/20/2012 7:51:13 PM
From: i-node	Read Replies (1) \| Respond to of 1579128

>> Umm, let's see. His stimulus package resulted in us just barely missing out on a Depression. Now, you know damned well that is an absurd claim. Even Christina Romer, the architect of the stimulus (who wanted closer to $2 Trillion, an utterly insane figure), admitted it was a failure. First, she claimed it would keep unemployment below 8%, a figure that STILL hasn't been achieved three years after-the-fact. More importantly, while unemployment stood in the high-9% range, she flatly stated the effect of the stimulus was "over". Even today, when one considers the decline in LFPR, unemployment is at historically high levels. >> We were losing 750,000 jobs a month when he took office. After the stimulus was passed, that number started to drop. and the economy to recover. This is typical cj misrepresentation. It is no coincidence that the job losses peaked right as Obama took office -- businesses were scared shitless of what he would do to the economy. There was one month job losses hit 750k, but we weren't (and never would have) stayed at that level. Economists have long known that anything government does takes MONTHS to be reflected in unemployment figures. Thus, the idea that the Obama "stimulus" actually stimulated anything is nonsense. There is not one shred of evidence to suggest that the "stimulus" did anything at all for the economy. In fact, it is pretty clear that TARP, NOT stimulus, had more to do with reeling the problem in. >> As the Dem. party likes to say, Osama is dead and GM is alive. Osama would have been just as dead, and GM just as alive, regardless of who was president. To suggest that these are the case because of Obama is just a lie. Any president would have made the same decision Obama made, including GWB (although, he would likely have taken him alive so as to interrogate him instead of killing him to avoid the hassle of dealing with it). As to GM, a competent president would have let the Chapter 11 process work as intended, instead of forking over the debtholders interests to the labor unions. An act which insures that GM will be back in Chapter 11 before thing thing is over. >> What you posted about the Affordable Health Care Act is wrong on every point. For example, the OMB and the CBO both say it will reduce the deficit. Eliminating it will increase it. The same OMB that carries the president's water, and the same CBO that has consistently missed health care projections by thousands of pecentage points? (Incidentially, CBO NO LONGER makes the claims you suggest. They have now admitted that it will cost more once you get outside the dummied up projection period, just as I told you here at the time). >> Nonsense. Clinton did it. No he didn't. Anyone can readily see that the national debt has gone up EVERY YEAR in recent history: treasurydirect.gov And that doesn't even count the 10s of billions in unfunded liabilities for SS & MC.

To: combjelly who wrote (655684)	5/20/2012 8:28:02 PM
From: Tenchusatsu	2 Recommendations Read Replies (1) \| Respond to of 1579128

CJ, What you posted about the Affordable Health Care Act is wrong on every point. For example, the OMB and the CBO both say it will reduce the deficit. LOL, both the OMB and the CBO have to assume that the parts of ObamaCare that are meant to fund it will stand up to both judicial review and to legislative revision. Judicial review: The mandate requiring people to buy their own insurance is likely going to be struck down. Legislative revision: The part of ObamaCare that reduces Medicare payments to doctors will likely be revised. That just points to bad, irresponsible legislation. Cause you know, like Pelosi said, we have to pass it to see what's in it. Tenchusatsu