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

Final-Fan on 18 March 2009
TheRealMafoo said:
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.

1.  Source?
2.  You know what they say about broken clocks... 



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
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The old smileys: ; - ) : - ) : - ( : - P : - D : - # ( c ) ( k ) ( y ) If anyone knows the shortcut for , let me know!
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I have the most epic death scene ever in VGChartz Mafia.  Thanks WordsofWisdom! 

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TheRealMafoo on 18 March 2009
Final-Fan said:
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". 

 

There is a difference between spending your way out of a problem, and making up money. If he had the capital, or someone to borrow the money from, then cool. Spend away. We don't. The Fed is just printing money and circulating it.

Tell me how more of that is a good thing?



Final-Fan on 18 March 2009
TheRealMafoo said:
Final-Fan said:
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". 
There is a difference between spending your way out of a problem, and making up money. If he had the capital, or someone to borrow the money from, then cool. Spend away. We don't. The Fed is just printing money and circulating it.

Tell me how more of that is a good thing?

Source plz

Tag (courtesy of fkusumot): "Please feel free -- nay, I encourage you -- to offer rebuttal."
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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!
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
I have the most epic death scene ever in VGChartz Mafia.  Thanks WordsofWisdom! 

Arius Dion on 18 March 2009

President Obama is a very intelligent individual, that much is clear in how he's carried himself throughout the campaign and in his 2 months since being inaugurated. He inherited a dump, plain and simple, the economic conditions are not his fault, but a result of policies that have been spiraling around the toilet since the Regan era. Unregulated untethered capitalism run a muck, and now the parties over.

I am outraged, hearing these corporations give away bonuses and golden parachutes to the people who are responsible for the countries (and worlds) current economic predicament. I think the population has been taken for fools and have been for a very long time. There seems to be this ideology that Capitalism for the poor and Socialism for the rich. Imagine a game if you win you win big, but if you lose..nothing happens. I guess that's kind of like that cel-shaded Prince of persia game? (drum and symbol smash, ok bad joke)

I think the fact that the cost of everything has grown exponetially while wages have remained stagnant has contributed a larger role in this crisis than has been discussed. I don't agree with everything our President is doing (war in Afganistan for one) but he is in no way a moron, and not just because he's a harvard grad. It feels good to have a president who can speak coherently, again.



Bet between Slimbeast and Arius Dion about Wii sales 2009:


If the Wii sells less than 20 million in 2009 (as defined by VGC sales between week ending 3d Jan 2009 to week ending 4th Jan 2010) Slimebeast wins and get to control Arius Dion's sig for 1 month.

If the Wii sells more than 20 million in 2009 (as defined above) Arius Dion wins and gets to control Slimebeast's sig for 1 month.

TheRealMafoo on 18 March 2009
Final-Fan said:
TheRealMafoo said:
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.

1.  Source?
2.  You know what they say about broken clocks... 

 

This is before the bailouts, before Fanny and Freddy.



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TheRealMafoo on 18 March 2009

Now in that video, he is concerned about what printing money out of thin air does to our economy, and that the way we are going, the Feds will just print more... Look at how much the feds have printed

http://research.stlouisfed.org/fred2/series/AMBNS

Soon, that's going to screw us all. Why would we want to keep doing this?



Final-Fan on 18 March 2009
TheRealMafoo said:
Final-Fan said:
TheRealMafoo said:
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.
1.  Source?
2.  You know what they say about broken clocks...
This is before the bailouts, before Fanny and Freddy.

That was completely off topic.  It's a seven minute rant about inflation, with a couple throwaway remarks about "the housing bubble" and "the NASDAQ bubble" only as a comparison to say that "the dollar bubble" (which according to him was about to burst) would be 10x worse.  He also says we need LESS regulation on the market when there AFAIK is a general consensus that deregulation resulted in the securitization scheme that caused the housing market to collapse. 

In short, I regard that as a complete failure to prove your assertion.



Tag (courtesy of fkusumot): "Please feel free -- nay, I encourage you -- to offer rebuttal."
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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!
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
I have the most epic death scene ever in VGChartz Mafia.  Thanks WordsofWisdom! 

Arius Dion on 18 March 2009

Have you ever seen weekend at bernies? Think of AIG and these other corporate behemoths as bernie, they are dead and are being propped up to look like they are alive.



Bet between Slimbeast and Arius Dion about Wii sales 2009:


If the Wii sells less than 20 million in 2009 (as defined by VGC sales between week ending 3d Jan 2009 to week ending 4th Jan 2010) Slimebeast wins and get to control Arius Dion's sig for 1 month.

If the Wii sells more than 20 million in 2009 (as defined above) Arius Dion wins and gets to control Slimebeast's sig for 1 month.

Galaki on 18 March 2009
Words Of Wisdom said:
Galaki said:

Really. There's no right way to fix this mess.

Well, I'm sure there is a right way. 

The worst that can happen right now is that we try all the wrong ways before finding the right one.

 

It does not matter how right you are, you're still wrong to some people.

As such, there's no right way.



Pre-order limited edition Blue Slime Condoms

TheRealMafoo on 18 March 2009
Final-Fan said:
TheRealMafoo said:
Final-Fan said:
TheRealMafoo said:
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.
1.  Source?
2.  You know what they say about broken clocks...
This is before the bailouts, before Fanny and Freddy.

That was completely off topic.  It's a seven minute rant about inflation, with a couple throwaway remarks about "the housing bubble" and "the NASDAQ bubble" only as a comparison to say that "the dollar bubble" (which according to him was about to burst) would be 10x worse.  He also says we need LESS regulation on the market when there AFAIK is a general consensus that deregulation resulted in the securitization scheme that caused the housing market to collapse. 

In short, I regard that as a complete failure to prove your assertion.

 

So the part where he said Soon Freddy, Fanny, and the banks are going to come to congress, ask for money, and the Feds are just going to print it up and give it to them means nothing to you?

That the people who are going to get the money first when it has purchasing power is Banks, Wall-street, but when that money enters circulation, inflation is going to hit, and tax everyone, the poor the most, didn't ring a bell at all? (inflation is on the rise, and won't stop for some time)

How about the part where soon the US is going to try to centrally regulate the economy, and that it's not going to work?

I guess you and I watched a different video.