By using this site, you agree to our Privacy Policy and our Terms of Use. Close

Forums - General - Do you honestly believe Obama has a chance in 2012?

Akvod said:

Japan is in a liquidity trap, where the interest rate is 0.1% and the government can't use monetary policy to stimulate the economy. Japan got out of its recesison, but only by a surge of exports. Germany right now is trying to play that game and looks like it's succeeding. However, this strategy cannot work for all the countries at the same time, in a global recession.


So if it was growth in the export driven private sector that was the reason for the recovery in Japan, what benefit was there to increasing their national debt by 120% GDP through stimulus spending?

Keynesian economics are flawed because there is a substantial difference between someone being paid to "Dig holes and fill them in" and someone who is paid to produce goods and/or services that individuals would happily pay for.



Around the Network
HappySqurriel said:
Akvod said:

Japan is in a liquidity trap, where the interest rate is 0.1% and the government can't use monetary policy to stimulate the economy. Japan got out of its recesison, but only by a surge of exports. Germany right now is trying to play that game and looks like it's succeeding. However, this strategy cannot work for all the countries at the same time, in a global recession.


So if it was growth in the export driven private sector that was the reason for the recovery in Japan, what benefit was there to increasing their national debt by 120% GDP through stimulus spending?

Keynesian economics are flawed because there is a substantial difference between someone being paid to "Dig holes and fill them in" and someone who is paid to produce goods and/or services that individuals would happily pay for.

Because that export model was not sustainable, and now Japan is suffering again, because of it's huge reliance on exports, which has plummeted due to the global recession.

There's more advanced Macroecon with Japan, and I'll have to read more on that (Krugman especially wrote a lot about Japan and studied it).

Well the thing about the paying people to dig holes is that those people then go to coffee shops, and then the coffee shop owner buys some clothes for her daughter, etc. But like I said, I prefer stimulus the most, and I'm not really comfortable with other forms of fiscal policy as they sound like you say, a bit too voodoo. I mean, with infrastructure, the money is concentrated on a few people.

But then again, there may be a psychological effect with giving people the job itself, and regaining confidence. That's why I think Macro economics needs to communicate better with psychology.



Akvod said:
HappySqurriel said:
Akvod said:

Japan is in a liquidity trap, where the interest rate is 0.1% and the government can't use monetary policy to stimulate the economy. Japan got out of its recesison, but only by a surge of exports. Germany right now is trying to play that game and looks like it's succeeding. However, this strategy cannot work for all the countries at the same time, in a global recession.


So if it was growth in the export driven private sector that was the reason for the recovery in Japan, what benefit was there to increasing their national debt by 120% GDP through stimulus spending?

Keynesian economics are flawed because there is a substantial difference between someone being paid to "Dig holes and fill them in" and someone who is paid to produce goods and/or services that individuals would happily pay for.

Because that export model was not sustainable, and now Japan is suffering again, because of it's huge reliance on exports, which has plummeted due to the global recession.

There's more advanced Macroecon with Japan, and I'll have to read more on that (Krugman especially wrote a lot about Japan and studied it).

Well the thing about the paying people to dig holes is that those people then go to coffee shops, and then the coffee shop owner buys some clothes for her daughter, etc. But like I said, I prefer stimulus the most, and I'm not really comfortable with other forms of fiscal policy as they sound like you say, a bit too voodoo. I mean, with infrastructure, the money is concentrated on a few people.

So spending with our means is voodoo? Maybe that is the biggest p[roblem, That what should be common sense is seen as voodoo. Unless I took that wrong.

But then again, there may be a psychological effect with giving people the job itself, and regaining confidence. That's why I think Macro economics needs to communicate better with psychology.





thranx said:
Akvod said:
HappySqurriel said:
Akvod said:

Japan is in a liquidity trap, where the interest rate is 0.1% and the government can't use monetary policy to stimulate the economy. Japan got out of its recesison, but only by a surge of exports. Germany right now is trying to play that game and looks like it's succeeding. However, this strategy cannot work for all the countries at the same time, in a global recession.


So if it was growth in the export driven private sector that was the reason for the recovery in Japan, what benefit was there to increasing their national debt by 120% GDP through stimulus spending?

Keynesian economics are flawed because there is a substantial difference between someone being paid to "Dig holes and fill them in" and someone who is paid to produce goods and/or services that individuals would happily pay for.

Because that export model was not sustainable, and now Japan is suffering again, because of it's huge reliance on exports, which has plummeted due to the global recession.

There's more advanced Macroecon with Japan, and I'll have to read more on that (Krugman especially wrote a lot about Japan and studied it).

Well the thing about the paying people to dig holes is that those people then go to coffee shops, and then the coffee shop owner buys some clothes for her daughter, etc. But like I said, I prefer stimulus the most, and I'm not really comfortable with other forms of fiscal policy as they sound like you say, a bit too voodoo. I mean, with infrastructure, the money is concentrated on a few people.

So spending with our means is voodoo? Maybe that is the biggest p[roblem, That what should be common sense is seen as voodoo. Unless I took that wrong.

But then again, there may be a psychological effect with giving people the job itself, and regaining confidence. That's why I think Macro economics needs to communicate better with psychology.



What do you mean spending with our means? Are you against borrowing all together? We're borrowing now, because we believe we're not producing at our optimal level, due to inadequate demand, and that by doing defeceit spending now, consumers and firms will invest on their own again with regained confidence, and the government can then ease out and worry about paying off the debt and keeping inflation steady.

 

Right now we're worried about the debt and inflation, when our GDP and deflation is at the biggest risk O.o This is what's fucking killing me, we're focusing on the exact opposite thing at the worst possible time ever.



I'm worried that people are starting to expect government to take care of them, instead of taking care of themselves. There is a difference between borrowing to build a business or infrastructure, and  when we as a country are borrowing to help sustain levels of living that aren't sustainable we are just dragging out what should be a crash in the economy that we built ourselves. We made our bed, lets lye in it.



Around the Network
TheRealMafoo said:
fastyxx said:
TheRealMafoo said:

Obama is on the extreme end of his party. He will not get Republican support, because 99% of the things he does they don't support.

The hell he is.

You don't know crap about crap, yet you come on here spouting all this "wisdom" all the time.  Have you moved out of the country yet?  Please do.


http://www.npr.org/blogs/news/2008/01/obama_ranked_most_liberal_sena_1.html

And I am trying to sell my house, but Obama isn't making it easy. If I could sell it, I would already be gone.

What the hell does this link has to do with his time as president?  

Every time you provide "evidence" of something, it's as nonsensical as the original point.  It's typical mindless ranting about the U.S. as a magical land where we can have not taxes and all the benefits of paying taxes, all at the same time, where one only has to want to be a success and it magically happens and no one is poor, and we can rape the entire 3rd world of resources and culture and labor and reap no damaging backlash.  

It's so intellectually fraudulent and ridiculous and really not worth anyone's time.



Can't we all just get along and play our games in peace?

thranx said:

I'm worried that people are starting to expect government to take care of them, instead of taking care of themselves. There is a difference between borrowing to build a business or infrastructure, and  when we as a country are borrowing to help sustain levels of living that aren't sustainable we are just dragging out what should be a crash in the economy that we built ourselves. We made our bed, lets lye in it.


Depends on what you're talking about.   Unemployment money, for example, is not welfare.  It's insurance.  And you're paying for it the whole time you work.  

 

It's easy to say "Let it all fall" when you are not the one in need, or when you're young and don't have the responsibilities yet - - it becomes a little harder to say "Oh just let it crash" when you have to find a way to take care of three kids and find yourself unemployed and foreclosed upon through no real fault of your own. I  know this because it's my own bias.  I kind of say let it go as well - and it's because I'm fairly stable and I'm single and will be fine, but many of my friends would be screwed and I constantly am reminding myself to put myself in their shoes.



Can't we all just get along and play our games in peace?

Killiana1a said:

As one of those registered Democrats aged 18-30 years old who voted for Obama in 2008, I will not vote for him in 2012. Here is why:

1. Lack of Priorities

I voted for Obama because I thought he would turn the Bush Recession into a boom. Nope, instead Obama's stimulus was a payback to the environmental groups, teacher's unions, trial attorneys, public employee unions, and other liberal leaning interest groups who voted as a bloc for him. Furthermore, after the stimulus he spent a year dicking around with healthcare reform, which is viewed by my private employer and those of my friends as doing nothing but raising healthcare costs on the private sector. Regarding financial reform, Obama has let "too big too fail" to persist.

2. Obama's Hubris

If you think LeBron has an ego, Obama has a better reason to have a larger ego. From every speech I see, Obama has himself convinced that he is living history, a messiah figure, and will go down as one of the top 5 US Presidents along with Washington and Lincoln. I do not respect this, Bush may have been arrogant and single-minded, but Obama's hubris is completely and utterly disgusting.

3. Foreign Policy

We went from the cowboy in Bush to the pathetic apologist. No US President should or ever feel the need to apologize for America's foreign policy. American Exceptionalism is just that, America as a nation of immigrants in a world where past empires have conquered, pillaged raped, sowed salt in Carthaginian lands, is better than those that came before it. Natve Americans, Alaskans, and Hawaiians have legitimate beefs with American colonization and forced assimilation, but besides two nuclear bombs over Hiroshima and Nagasaki, collateral damage in the Middle East, and the use of napalm during the Vietnam War, America has been a far more decent empire than the British, French, Romans, Babylonians, Mongols, Greeks, and on.

Obama just does not get this and apologizes for not having the same opinion as some radical cleric in the Middle East. Obama should never apologize whenever himself or his predecessor has taken action to protect American interests be it exporting Democracy via preemptive warfare or using nations with dictators as an excuse to shore up some oil reserves. America is a strong nation with the will to throw it's strength around. The alternative, the much vaunted United Nations does not have a sterling track record itself other than being a voice box for those with a beeft against the US.

Gross.  This is why we as a country are screwed.  If we invest in anything linked to a union, it's a giveaway and a liberal sellout.  So Repubs never will, and the Dems need to try to mitigate the damage.  Despite the fact that the vast majority of union jobs are manufacturing/construction (which we need more of desperately), education (district debts spiraling out of control for over a decade nationwide, teacher wages up just 3% adjusted for inflation since 1973 despite much more costly and stringent licensing and preparatory requirements), police/firefighter/health care jobs.   It's completely ridiculous to just shrug it off as a giveaway.  There is NOTHING we can do as a country that is more important than keeping kids safe and getting them educated.  If you don't do that, the rest is pointless. 

 

I mean your argument against the health care plan is "which is viewed by my private employer and those of my friends as doing nothing but raising healthcare costs on the private sector."  Yes.  I'm sure they have done a detailed analysis on the consequences versus staying on our completely unmanageable path that we'd been on.  

#2 is an opinion, so whatever you like.  I don't understand how you can on one hand want the leader of the free world and proponent of American exceptionalism simultaneously  to be at the same time completely humble and self-affacing while at the same time stormtrooping his way across the throats of the rest of the world.  But to each his own.  That worked so well with Bush.  

I'm not sure how well your life works when you roll through it pretending your way is the only way and never admitting flaws and errors, but I know mine wouldn't go so well.  We tried pushing people around and working unilaterally.  It failed miserably.  Obama had little choice but to be more congenial and humble.  In case you haven't noticed, we are completely reliant on India, and China, and Saudi Arabia, etc etc. nowadays.  Not vice versa.

 




Can't we all just get along and play our games in peace?

fastyxx said:
thranx said:

I'm worried that people are starting to expect government to take care of them, instead of taking care of themselves. There is a difference between borrowing to build a business or infrastructure, and  when we as a country are borrowing to help sustain levels of living that aren't sustainable we are just dragging out what should be a crash in the economy that we built ourselves. We made our bed, lets lye in it.


Depends on what you're talking about.   Unemployment money, for example, is not welfare.  It's insurance.  And you're paying for it the whole time you work.  

I have never used unemployment, I do not plan to, and I save for myself for when disaster can happen. I don't want the government saving my money for me. I am capable all on my own. It is welfare in the sense that the government is holding and forcing your hand to do it.

 

It's easy to say "Let it all fall" when you are not the one in need, or when you're young and don't have the responsibilities yet - - it becomes a little harder to say "Oh just let it crash" when you have to find a way to take care of three kids and find yourself unemployed and foreclosed upon through no real fault of your own. I  know this because it's my own bias.  I kind of say let it go as well - and it's because I'm fairly stable and I'm single and will be fine, but many of my friends would be screwed and I constantly am reminding myself to put myself in their shoes.

 

I am in need, me and my family are not rich or even well off. I have a single mom who raised me, my three brothers, and my sister. Thankfully she taught us to spend our money wisely and save, we all started work at sixteen, we all finished highschool, we are all employed now, and one has graduated college and has kids of his own. We all have choices to make, I would just rather make them my self than have the government do them for me.





thranx said:
fastyxx said:
thranx said:

I'm worried that people are starting to expect government to take care of them, instead of taking care of themselves. There is a difference between borrowing to build a business or infrastructure, and  when we as a country are borrowing to help sustain levels of living that aren't sustainable we are just dragging out what should be a crash in the economy that we built ourselves. We made our bed, lets lye in it.


Depends on what you're talking about.   Unemployment money, for example, is not welfare.  It's insurance.  And you're paying for it the whole time you work.  

I have never used unemployment, I do not plan to, and I save for myself for when disaster can happen. I don't want the government saving my money for me. I am capable all on my own. It is welfare in the sense that the government is holding and forcing your hand to do it.

 

It's easy to say "Let it all fall" when you are not the one in need, or when you're young and don't have the responsibilities yet - - it becomes a little harder to say "Oh just let it crash" when you have to find a way to take care of three kids and find yourself unemployed and foreclosed upon through no real fault of your own. I  know this because it's my own bias.  I kind of say let it go as well - and it's because I'm fairly stable and I'm single and will be fine, but many of my friends would be screwed and I constantly am reminding myself to put myself in their shoes.

 

I am in need, me and my family are not rich or even well off. I have a single mom who raised me, my three brothers, and my sister. Thankfully she taught us to spend our money wisely and save, we all started work at sixteen, we all finished highschool, we are all employed now, and one has graduated college and has kids of his own. We all have choices to make, I would just rather make them my self than have the government do them for me.



Huh.  Well you know that dollar bill in your pocket?  That's the government holding your money for you and allowing you to do something with it.  Maybe you should barter chickens instead.

That crap about the government being a nanny state is such drivel.  If we actually allowed people to live without a net, we'd be in utter chaos.  Point to a country anywhere that has ever succeeded with a healthy and prosperous population without it.  It's so foolish.

But whatever.  It's your life.  You only hurt yourself by turning something like that down and thinking you are somehow living beyond the system.  I mean, the government helped you in SOOOO many ways get to the point where you can make that choice.  Health services and subsidies, public schools, roads, running water, power grids, investments in the college from which one graduated, the airwaves and telecommunications systems, the internet groundwork you are using now, etc. etc. etc.

 

The idea that anyone in this country lives above and beyond the government is just so fallacious and fraudulent.  And guess what?  In order for them to be there in the area that YOU need them to be there - after that car crash, or the time mom needed the ambulance or you needed the power back on after the storm, they need to make choices beyond you.  And just because YOUR needs may be different than someone else's doesn't make theirs less important.  



Can't we all just get along and play our games in peace?