Jimbo1337 said:
Nearly every American, other than those who don't want to work, think obamacare is the worst healthcare imagineable.
What are your thoughts on the Cadillac Tax?
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Where do I start...
I would like an evidence that Obama did spend Trillions of dollars on wealth redistribution. If you are talking about stimulus package - first, it worked. Second, it's keynesian economics 101, I do think Obama is incompetent in this aspect that he didn't put more budget into stimulus package, as amount Obama put into it is nowhere matching the actual suggestions made by economists. ARRA spent around 900 billions for infrastructure, education, energy, expansion of unemployment benefit, and so on.
What regulation are you talking about? If you are talking about Dodd-Frank, are you implying that we should have awarded Banks even more for Subprime Mortage Crisis than now? What regulation was too stifling that it prevented private business from making profit? High taxes? Small businesses got Tax Cuts, and if you are talking about entity like Wal-Mart, maybe they should pay more, since they haven't been paying properly at all. (1)
For everyone who insist that tax cuts to private corporation is going to make everything better through trickling down, Trickle Down Economic is fundamentally flawed and will not create job, as dropped demand won't increase supply - Which is the reason why Stimulus package happened. For Poverty rate increase, you mean economic crisis happening did not increased poverty rate? How surprising. Not.
Though you have kept saying that privatebusiness is doing poorly, their stock and profit is all time high. (2)
I do have my extreme disdain for Obamacare, but that mostly comes from how privatized it is. Unsurprising, as ACA is Romneycare with benefits cut. No wonder it was originally proposed by Republicans. (3) And also, Obamacare is expected to decrease public spending on healthcare when adjusted with inflating medical cost, which it has. (4) (5) This is mostly due to the bargaining power difference and forced competition created by ACA act.
And generic-user, I disagree with you on that, Obama's faithful tax cut and support on private business compared to weak distribution of wealth only resulted in increase of the wealth gap, his conservative policy decision, such as continuing the war is extremely pricy, and I still don't understand why US had to bailout bigger and failier banks and financial institution that mismanaged the money in the first place. I'm expecting Bernie Sanders to cut from military (And end the failed War, it cost too much and it is gaining nothing.) and try to increase bargaining power of government in order to reduce debt. In addition, they could make government more efficient - For example, they could actually make IRS functional, so they could catch the tax evasions.
1. http://www.bloomberg.com/news/articles/2015-06-17/wal-mart-has-76-billion-in-overseas-tax-havens-report-says
2. http://www.huffingtonpost.com/2013/11/18/dow-16000-meaningless_n_4296208.html
3. http://boston.cbslocal.com/2013/11/13/romneycare-vs-obamacare-key-similarities-differences/
4. http://www.commonwealthfund.org/~/media/Files/Publications/Issue%20Brief/2012/May/1595_Squires_explaining_high_hlt_care_spending_intl_brief.pdf
5. http://www.pbs.org/newshour/rundown/health-costs-how-the-us-compares-with-other-countries/
Removed quote trees - SamuelRSmith