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Forums - General - Obama might be the dumbest president we have ever had.

Avinash_Tyagi on 17 March 2009
theRepublic said:
Avinash_Tyagi said:

You're right, its not the same, a few reasons why, first off we are acting much faster, FDR didn't come into office until 32, by then the Depression had been going on for years, with our current climate, we acted much faster, and so while the recession is painful we prevented it from going off the cliff, people compalin about the haste, but the haste was utterly necessary, in addition while back then they were much more tentative about spending to stimulate the economy, today we know that it is sound economic policy to spend our way out of a recession as well as increase the money supply (backthen our mometary policy was very different, I believe we had just come off the gold standard at that point but still had a fixed monetary policy), so while people complain about the increasing money supply and all the spending, they forget that this is necessary. Basically we are making much better choices faster today then in the 1920's and 30's. This is also why its a good thing the GOP is not in chargem with their policies this Recession would get much worse and very quickly.

 

So your argument that Obama's plans are stupid are historically and economically very weak, in fact his actions are correct, the only question is are they big enough.

Here's where we left the gold standard.

 

 Thanks I was a little uncertain of when we left, so we were still on the Gold standard, a fixed exchange policy when the Depression began, and that creates a problem because it renders monetary policy rather ineffective in dealing with a downturn



 

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Jackson50 on 17 March 2009
jv103 said:
It is true most of them say "Not all Economists agree," I think this is a big seller right now, and factually true: not all economists agree. However, I'm having trouble finding who does agree, besides Krugman, Sachs and the other more liberal economists.

Contrary to what Tyagi and Mafoo say, most do not agree on a solution. This is a contentious issue which has divided economists. As these two lists indicate, there is an equal number of advocates for a Keynesian solution and a more classical solution.  

 *Interesting information alert* Marek Kolar (first list) was, once upon a time, my economics professor.



Final-Fan on 17 March 2009
Jackson50 said:
jv103 said:
It is true most of them say "Not all Economists agree," I think this is a big seller right now, and factually true: not all economists agree. However, I'm having trouble finding who does agree, besides Krugman, Sachs and the other more liberal economists.

Contrary to what Tyagi and Mafoo say, most do not agree on a solution. This is a contentious issue which has divided economists. As these two lists indicate, there is an equal number of advocates for a Keynesian solution and a more classical solution.  

*Interesting information alert* Marek Kolar (first list) was, once upon a time, my economics professor.

I kind of wish there was info on the guys in the first list like there is in the second (read: how many Nobel winners). 



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Jackson50 on 17 March 2009
Final-Fan said:I kind of wish there was info on the guys in the first list like there is in the second (read: how many Nobel winners). 

The first list was an ad that ran in the NYT, so that is most likely why they omitted additional information. I gave the list a cursory glance and discovered there were at least three Nobel laureates on there.

 



Final-Fan on 17 March 2009

I wish I could discern Nobel laureates by casually glancing



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The Ghost of RubangB on 17 March 2009
TheRealMafoo said:
Probably so. Although I would like to know how he scored in any economics class he might of taken. I would bet fairly low.

As for not releasing he grades. I blame the American people for that. Why release low scores when your destroying everyone in an election? The people who voted for him were riding the celebratory train, trying to be part of history, and never really bothered with finding out if the man knew anything.

If I was in his shoes, I would not release my grades either.

There are differences between knowing things, having good grades, and having a high intelligence.  Sorry, just a small gripe.  I've had bad grades in subjects I knew everything about, and good grades in subjects I knew nothing about.

TheRealMafoo said:
SciFiBoy said:
TheRealMafoo said:
Probably so. Although I would like to know how he scored in any economics class he might of taken. I would bet fairly low.

As for not releasing he grades. I blame the American people for that. Why release low scores when your destroying everyone in an election? The people who voted for him were riding the celebratory train, trying to be part of history, and never really bothered with finding out if the man knew anything.

If I was in his shoes, I would not release my grades either.

because anyone who dosent share your view of economics must automatically be bad at economics?

Do a google seach. Most people in the field feel what we have done over the last 6 months is 100% wrong.

The "appeal to authority" argument only works when you are arguing with somebody who doesn't have the internet, so they can't actually look it up and find the truth out.

Also, Obama hasn't been president for 6 months, so I don't know what this has to do with his intelligence.



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akuma587 on 18 March 2009

Mafoo needs a tin foil hat.

Interestingly enough, economists have really been scrambling recently to figure out if they know anything at all about the economy. Economic crises are usually great for moving economic theory forward. It had gotten pretty stagnant. Everyone was buying into the same economic theories until the bottom fell out. Economists at first had no idea why things had even gone wrong.

Too much activism by the Fed.
Too much reliance on the market as a rational decision maker.
Too little taxation during good economic years (keeps the bubbles from getting too big and helps the national debt).
Too little regulation and oversight of most of the economy, particularly the financial sector.
Too much overextension of credit (highly related to point #1).



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TheRealMafoo on 18 March 2009
The Ghost of RubangB said:
TheRealMafoo said:
Probably so. Although I would like to know how he scored in any economics class he might of taken. I would bet fairly low.

As for not releasing he grades. I blame the American people for that. Why release low scores when your destroying everyone in an election? The people who voted for him were riding the celebratory train, trying to be part of history, and never really bothered with finding out if the man knew anything.

If I was in his shoes, I would not release my grades either.

There are differences between knowing things, having good grades, and having a high intelligence.  Sorry, just a small gripe.  I've had bad grades in subjects I knew everything about, and good grades in subjects I knew nothing about.

TheRealMafoo said:
SciFiBoy said:
TheRealMafoo said:
Probably so. Although I would like to know how he scored in any economics class he might of taken. I would bet fairly low.

As for not releasing he grades. I blame the American people for that. Why release low scores when your destroying everyone in an election? The people who voted for him were riding the celebratory train, trying to be part of history, and never really bothered with finding out if the man knew anything.

If I was in his shoes, I would not release my grades either.

because anyone who dosent share your view of economics must automatically be bad at economics?

Do a google seach. Most people in the field feel what we have done over the last 6 months is 100% wrong.

The "appeal to authority" argument only works when you are arguing with somebody who doesn't have the internet, so they can't actually look it up and find the truth out.

Also, Obama hasn't been president for 6 months, so I don't know what this has to do with his intelligence.

 

I don't care who has been president over the last 6 months. What we have been doing over that time is sicking. I bitched and moaned when Bush gave away the farm, and I am going to bitch and moan when Obama does it.

I never said economists agree on a solution. I said almost all of them agree that what we are doing is wrong. How to solve the problem differs, but none of them will say "Yea, we have been doing everything we should have".



TheRealMafoo on 18 March 2009
akuma587 said:
Mafoo needs a tin foil hat.

Interestingly enough, economists have really been scrambling recently to figure out if they know anything at all about the economy. Economic crises are usually great for moving economic theory forward. It had gotten pretty stagnant. Everyone was buying into the same economic theories until the bottom fell out. Economists at first had no idea why things had even gone wrong.

Too much activism by the Fed.
Too much reliance on the market as a rational decision maker.
Too little taxation during good economic years (keeps the bubbles from getting too big and helps the national debt).
Too little regulation and oversight of most of the economy, particularly the financial sector.
Too much overextension of credit (highly related to point #1).

 

Have you never listened to Ron Paul? Everything he said would happen, happened. He is not the only one who predicted this YEARS before it happened.



Final-Fan on 18 March 2009
TheRealMafoo said:
I don't care who has been president over the last 6 months. What we have been doing over that time is sicking. I bitched and moaned when Bush gave away the farm, and I am going to bitch and moan when Obama does it.

I never said economists agree on a solution. I said almost all of them agree that what we are doing is wrong. How to solve the problem differs, but none of them will say "Yea, we have been doing everything we should have".

There's a difference between not doing ENOUGH of the right thing and moving in the WRONG direction entirely.  I suspect you're mistaking "not doing everything right" for "doing nothing right". 



Tag (courtesy of fkusumot): "Please feel free -- nay, I encourage you -- to offer rebuttal."
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My advice to fanboys: Brag about stuff that's true, not about stuff that's false. Predict stuff that's likely, not stuff that's unlikely. You will be happier, and we will be happier.

"Everyone is entitled to his own opinion, but not his own facts." - Sen. Pat Moynihan
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
The old smileys: ; - ) : - ) : - ( : - P : - D : - # ( c ) ( k ) ( y ) If anyone knows the shortcut for , let me know!
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