Obama is a retard. There's no other way to put it.

[kevin21boston]

I'm watching this guy on Letterman. I can't believe he gets away with these lies. Such an idiot.



First he says "If we didn't pass the stimulus then we would have lost an additional 1.5 to 2 million jobs."

-First off, this directly contradicts what he said when he was trying to pass this in January and February when he said that if we pass it then unemployment won't rise above 8% but if we don't pass it it will hit 10%.

-Second, look at the numbers he just gave. 1.5M to 2M additional unemployed people. Let's say those 2M made $50,000 a year. Which they didn't. But for the sake of argument...If you multiply 2M by 50K you get $100,000,000,000 or $100B. That's how much money would be coming out of the economy. So he's saying that we spent $787B to save $100B? FAIL.



-Then he starts attacking TARP. He said that we shouldn't have given hundreds of billions of dollars to banks. What he didn't say was that most of those banks that received money are already making billions of dollars again and are repaying TARP. Funny how he neglected that.





Face it guys, this guy is a failure. All Obama seems to be do is make media appearances, have beer summits, and gallivant around the country trying to pass a bill that people don't want passed. GET TO WORK YOU FCKING BUM.

[TheSphinx 2.0]

I'm watching this guy on Letterman. I can't believe he gets away with these lies. Such an idiot.



First he says "If we didn't pass the stimulus then we would have lost an additional 1.5 to 2 million jobs."

-First off, this directly contradicts what he said when he was trying to pass this in January and February when he said that if we pass it then unemployment won't rise above 8% but if we don't pass it it will hit 10%.

-Second, look at the numbers he just gave. 1.5M to 2M additional unemployed people. Let's say those 2M made $50,000 a year. Which they didn't. But for the sake of argument...If you multiply 2M by 50K you get $100,000,000,000 or $100B. That's how much money would be coming out of the economy. So he's saying that we spent $787B to save $100B? FAIL.



-Then he starts attacking TARP. He said that we shouldn't have given hundreds of billions of dollars to banks. What he didn't say was that most of those banks that received money are already making billions of dollars again and are repaying TARP. Funny how he neglected that.





Face it guys, this guy is a failure. All Obama seems to be do is make media appearances, have beer summits, and gallivant around the country trying to pass a bill that people don't want passed. GET TO WORK YOU FCKING BUM.

I dont know why, but that last sentence made me LOL when I read it. I won't debate the other stuff but I do fear that Obama fatigue will set in after a point. How many times can he be on television before the average person says "enough"?? How many people get his type of exposure and manage to keep that "celebrity status" on lock?? Right now the administration thinks that Obama's personal appeal is one of his greatest assets so they are trying to keep him out there. I understand the strategy of getting him out there if you believe he has the whip appeal on the voting public but you run the risk of using up that capital too fast.

I think the biggest risk of trying to base policy (in part) on people liking the president is that it makes it almost impossible to get anything done when people don't like him (ala Bush).

-TS

[RicoVacilon]

Face it guys, this guy is a failure. All Obama seems to be do is make media appearances, have beer summits, and gallivant around the country trying to pass a bill that people don't want passed. GET TO WORK YOU FCKING BUM.

lol

I've seen lots of complaints about Obama. None of them were that he wasn't a hard worker. You take the cake!

[conviction]

Kev,

The only thing that Obama is working hard for is the corporate elite

He doesn't work for you and the average person.

[dsteve]

Kev,

The only thing that Obama is working hard for is the corporate elite

He doesn't work for you and the average person.

lol can you please stop listening to alex jones? seriously, this is an intervention. alex jones is a joke.



oh ****....kev doesnt like obama and said get to work you bum....he actually ment to say nigger. RACIST!

[conviction]

lol can you please stop listening to alex jones? seriously, this is an intervention. alex jones is a joke.



oh ****....kev doesnt like obama and said get to work you bum....he actually ment to say nigger. RACIST!

I actually don't listen to Jones myself but you should know that corporate owns the white house.... right?

[RicoVacilon]

Hey kev. . . . might not want to admit to being a total IDEEOT in another thread and bash on the President at the same time.

[sideoutshu]

oh ****....kev doesnt like obama and said get to work you bum....he actually ment to say nigger. RACIST!

He's probably from the South....and believes in god too.

[Nevada_Ballin]

I'm watching this guy on Letterman. I can't believe he gets away with these lies. Such an idiot.



First he says "If we didn't pass the stimulus then we would have lost an additional 1.5 to 2 million jobs."

-First off, this directly contradicts what he said when he was trying to pass this in January and February when he said that if we pass it then unemployment won't rise above 8% but if we don't pass it it will hit 10%.

-Second, look at the numbers he just gave. 1.5M to 2M additional unemployed people. Let's say those 2M made $50,000 a year. Which they didn't. But for the sake of argument...If you multiply 2M by 50K you get $100,000,000,000 or $100B. That's how much money would be coming out of the economy. So he's saying that we spent $787B to save $100B? FAIL.



-Then he starts attacking TARP. He said that we shouldn't have given hundreds of billions of dollars to banks. What he didn't say was that most of those banks that received money are already making billions of dollars again and are repaying TARP. Funny how he neglected that.





Face it guys, this guy is a failure. All Obama seems to be do is make media appearances, have beer summits, and gallivant around the country trying to pass a bill that people don't want passed. GET TO WORK YOU FCKING BUM.

Just as bad as "the fundementals of our economy are fine"



.

[fatbaby52]

-Second, look at the numbers he just gave. 1.5M to 2M additional unemployed people. Let's say those 2M made $50,000 a year. Which they didn't. But for the sake of argument...If you multiply 2M by 50K you get $100,000,000,000 or $100B. That's how much money would be coming out of the economy. So he's saying that we spent $787B to save $100B? FAIL.

I don't know if the money can be characterized as well spent or not, but I can see a flaw in your logic. First of all, the very words you use poke a big hole- $50k/yr. x 2M people means that we saved $100B this year. Presumably, all of those people won't be fired on New Years Day. You also have to consider what will happen in future years.

Secondly, the fact that someone is earning $50k doesn't mean that the economy is getting exactly $50k of utility out of the dude. If someone has earned $50k that means someone else has paid him that much, which means the services he has provided were worth at least that much to the other person. Also, say this person who earns $50k does it by buying widgets, improving them, and selling them. Although he's taking home only $50k, he might be purchasing $70k worth of widgets, which means his supplier has made a little more money.

Further, the point of a "stimulus" is to stimulate the economy. If more people are employed now, more goods are sold, and more jobs are created in the future. So, with an extra million people employed this year, not only will they remain employed next year, but the stuff they buy will lead to another x people being employed next year.

[conviction]

Just as bad as "the fundementals of our economy are fine"



.

We can agree there. This credit structure is bull crap and needs a lot of fixing I will vote for anyone that will fix the structure and spend within our own means.

[kevin21boston]

I don't know if the money can be characterized as well spent or not, but I can see a flaw in your logic. First of all, the very words you use poke a big hole- $50k/yr. x 2M people means that we saved $100B this year. Presumably, all of those people won't be fired on New Years Day. You also have to consider what will happen in future years.

Secondly, the fact that someone is earning $50k doesn't mean that the economy is getting exactly $50k of utility out of the dude. If someone has earned $50k that means someone else has paid him that much, which means the services he has provided were worth at least that much to the other person. Also, say this person who earns $50k does it by buying widgets, improving them, and selling them. Although he's taking home only $50k, he might be purchasing $70k worth of widgets, which means his supplier has made a little more money.

Further, the point of a "stimulus" is to stimulate the economy. If more people are employed now, more goods are sold, and more jobs are created in the future. So, with an extra million people employed this year, not only will they remain employed next year, but the stuff they buy will lead to another x people being employed next year.

Excellent post. I'm glad you're thinking.

The reason I said 50K and 2M was just for simplicity. Just like you said it's not really 50K and that 50K gets spread out numerous times, I will make the point that its not really $787B thats being spent to "stimulate" the economy.

The day the "stimulus" was passed (Feb 17) the national average for gasoline was about $1.99 and the price of oil was about $35. Now that we've had this "stimulus" make its was through our country it has sent the national average of gas to $2.45 and the price of oil $66 (it went as high as $73 a couple of days ago). Why did this happen? Because printing all that money eviscerated the value of the dollar, which causes inflation, which causes people to buy commodities.

So what did the "stimulus" just do? It caused people to pay more for EVERYTHING because of the higher inflation and made it impossible to travel or do business outside of the country because it was such a ripoff.

Basically what the "stimulus" did was somehow in the worst economy since the Great Depression, was cause inflation and make people pay (with money that they don't have) higher prices for necessities.

[JoeJGibbs]

...................

[fatbaby52]

Excellent post. I'm glad you're thinking.

The reason I said 50K and 2M was just for simplicity. Just like you said it's not really 50K and that 50K gets spread out numerous times, I will make the point that its not really $787B thats being spent to "stimulate" the economy.

The day the "stimulus" was passed (Feb 17) the national average for gasoline was about $1.99 and the price of oil was about $35. Now that we've had this "stimulus" make its was through our country it has sent the national average of gas to $2.45 and the price of oil $66 (it went as high as $73 a couple of days ago). Why did this happen? Because printing all that money eviscerated the value of the dollar, which causes inflation, which causes people to buy commodities.

So what did the "stimulus" just do? It caused people to pay more for EVERYTHING because of the higher inflation and made it impossible to travel or do business outside of the country because it was such a ripoff.

Basically what the "stimulus" did was somehow in the worst economy since the Great Depression, was cause inflation and make people pay (with money that they don't have) higher prices for necessities.

As I said above, I'm not totally sold on the stimulus, but I don't think that this statement is necessarily true, either. First of all, using the price of gas as a barometer is ok, but the stimulus can hardly be blamed for the entire increase in price. Avoiding wacky conspiracy theories, the price of gas dipped a few months before the election, and has been slowly creeping up since then. I have to use the expensive stuff, and it was $3.20 the other day, still $1 less than it was about two years ago. So gas is high relative to last year, but not relative to the last two or three years. Also, when speaking of "necessities", I've found that I'm spending a little less at the grocery store than I have been over the past few years. Anecdotal evidence aside, I just think it's important to note that there are a lot of factors other than the strength of the dollar at work in determining the price of gas, and considering that those who have the power to influence this price also have an incentive to make our current president look bad, I would stick to using gas as just a part of the picture.

A better barometer, I believe, is the exchange rate, especially as it speaks directly to the part of your statement that asserts the dollar has been "eviscerated" and it's impossible to do business abroad now. On January 1st, 2008, a US $ bought you .68 Euros. On January 1st, 2009, a US $ bought you .76 Euros. In September, a $ bought .69 Euros. So, relative to the Euro, the Dollar has lost about 10% since before the stimulus, but is actually slightly higher than it was 20 months ago. Obviously, there are a lot of moving parts there (the Euro itself is fluctuating relative to other currencies), but one good thing about the exchange rate is it is very transparent.

Anyway, I appreciate a discussion with someone not typing OBAMA IS TEH SUXORZZ!!!!

[fatbaby52]

Attachment 8208
...................

wow.......