POLL: Obama - your take now?

[Atlblkz06]

actually his numbers are pretty dam close, if you actually go back and research them

I'm not talking about just the numbers. Thats exactly my problem with it.

The video conveniently ignores the fact that we're in the worst recession since the great depression. Show me how the video accounts for this small fact! If the govt did nothing, we'd all be screwed.

[MachNU]

Bingo. It would require a tremendous overhaul of our system. Think REVOLUTION. The FED has fucked us for too long and needs to be abolished. The banking system has helped destroy America (Andrew Jackson WARNED US of the evils of banks, he paid them off in what 1838 and now here we are at our knees to them). People need to WAKE THE HELL UP and not just vote on party lines. Both parties are seriously malfunctioning. The politicians only care about being re-elected, they DO NOT serve the people of this country.

Obama was given the nation in its worst state in recent memory....sadly his policies and his advisers are VERY clueless. These morons thought unemployment would top at 8%.

I'm all for Heath Care for all, sounds good in theory. The FREAKING BILL is 2000 pages long. They KNOW Americans are not going to read it.

Well I have read some, it is DISGUSTING the amount of loopholes and TAXES it will add. It will crush many small businesses.

Seriously, I go to a voting booth and I cringe b/c they are mostly all unethical twits.

I will agree with most of that post. Like I previously said, Obama got it bad. Granted yes the prior presidents term had to deal with rough stuff, 9/11, the war, the failing economy, but by 07/08 we where steadly creeping up. Obama is taking what was already slowly, and very very surely correcting itself, fucking with it some more, and basically putting the final nail in the coffin. The only way the economy is going to fix itself its by the masses, not the government.

I'm not talking about just the numbers. Thats exactly my problem with it.

The video conveniently ignores the fact that we're in the worst recession since the great depression. Show me how the video accounts for this small fact! If the govt did nothing, we'd all be screwed.

No if you actually watch them the guy referrs to the great depression in one.

[1SICKLEX]

I will agree with most of that post. Like I previously said, Obama got it bad. Granted yes the prior presidents term had to deal with rough stuff, 9/11, the war, the failing economy, but by 07/08 we where steadly creeping up. Obama is taking what was already slowly, and very very surely correcting itself, fucking with it some more, and basically putting the final nail in the coffin. The only way the economy is going to fix itself its by the masses, not the government.
.

I agree. My stance is CUT TAXES. That immediately gives businesses and people money to spend or invest. If we are going to have a damn deficit, well instead of bailout out these companies, GIVE US TAX BREAKS.

The tax code is way to complicated and we pay to much. If you are wealthy and don't have an accountant, you are screwed.

[MachNU]

I agree. My stance is CUT TAXES. That immediately gives businesses and people money to spend or invest. If we are going to have a damn deficit, well instead of bailout out these companies, GIVE US TAX BREAKS.

The tax code is way to complicated and we pay to much. If you are wealthy and don't have an accountant, you are screwed.

Hell they say if they gave people money, most wont spend it they will stash it. Even that is not a bad thing. Say the government cut taxes, yes they have to make it back themselves but the cut to the people would be far greater.

People put the money they had back into the banks, to pay off debt, loans or to save. Helps the banks out which in turn pay off there private debts. Which the people they pay it to, pay it back where they owe. THe money starts spreading...

Now say even 50% of the people who got tax cuts saved the other 50% will spend still bringing up the economy. Hell yes some will spend it on foriegn made objects, but it will still help the company branch in the US. Others buy domestic cars, meaning those lots need to replace them, meaning more work for the factories up north. No matter what the money will spread out and help anyone and everyone. Jobs would get opened, and debts would get paided.

[1SICKLEX]

Hell they say if they gave people money, most wont spend it they will stash it. Even that is not a bad thing. Say the government cut taxes, yes they have to make it back themselves but the cut to the people would be far greater.

People put the money they had back into the banks, to pay off debt, loans or to save. Helps the banks out which in turn pay off there private debts. Which the people they pay it to, pay it back where they owe. THe money starts spreading...

Now say even 50% of the people who got tax cuts saved the other 50% will spend still bringing up the economy. Hell yes some will spend it on foriegn made objects, but it will still help the company branch in the US. Others buy domestic cars, meaning those lots need to replace them, meaning more work for the factories up north. No matter what the money will spread out and help anyone and everyone. Jobs would get opened, and debts would get paided.

Yup. Tax cuts would immediately increase disposable income and the wealthy would take advantage by expanding businesses for more potential profits. Then your unemployment rate drops as
1. People are spending more, thus the need for more manufactering, etc
2. Businesses are hiring, as people are buying

This bailout crap is a disaster and clearly NOT working. It clearly was only to finance and patch up the banking system. The American people were lied to when told it would "Trickle down".

We all better PRAY that oil stays no higher than $80 a barrel. If energy costs skyrocket like in the recent past, this recession will be a decade.

[tony]

Yup. Tax cuts would immediately increase disposable income and the wealthy would take advantage by expanding businesses for more potential profits. Then your unemployment rate drops as
1. People are spending more, thus the need for more manufactering, etc
2. Businesses are hiring, as people are buying

This bailout crap is a disaster and clearly NOT working. It clearly was only to finance and patch up the banking system. The American people were lied to when told it would "Trickle down".

We all better PRAY that oil stays no higher than $80 a barrel. If energy costs skyrocket like in the recent past, this recession will be a decade.

Wasnt this what the Stimulus Act in 08 was supposed to do? Minus tax cuts for businesses the initiative was putting money in the pockets of the citizens, yet here we sit discussing the same thing.

[MachNU]

Wasnt this what the Stimulus Act in 08 was supposed to do? Minus tax cuts for businesses the initiative was putting money in the pockets of the citizens, yet here we sit discussing the same thing.

I think I would take, say a 2% tax cut across the board over the course of a year, rather than a few hundred dollars at one time, at tax season.

Hell if you do the math, say that every paycheck you had, 25% was taken in taxes...again hypothetically speaking....and the tax cut was 2% bring you down to 23% of all your checks. Over the course of a year that is a HUGE pay back. hell over the course of 5 years...its alot...

[1SICKLEX]

Wasnt this what the Stimulus Act in 08 was supposed to do? Minus tax cuts for businesses the initiative was putting money in the pockets of the citizens, yet here we sit discussing the same thing.

Bush, Pelosi and the rats in office were complete and utter morons to think a one time $600-$1200 or so tax break would stop the problem. It goes to show how utterly distanced they are from Americans.

If you remember, gas was $3.50 at the time and that money went STRAIGHT into peoples gas tanks. It did nothing. It was a pathetic ruse.

Mach and I are talking about PERMANENT tax cuts and not just cuts for individuals.

[1SICKLEX]

I'm not talking about just the numbers. Thats exactly my problem with it.

The video conveniently ignores the fact that we're in the worst recession since the great depression. Show me how the video accounts for this small fact! If the govt did nothing, we'd all be screwed.

The government did NOTHING during the past decade. There was NO REGULATION. Its like they never passed Sarbanes Oxley. The numbers DID NOT ADD UP. Anyone who tried to warn dumbass Greenspan was told STFU.

Bush AND Obama should have let Capitalism take its course. Let those greedy, unethical banks and financial institutions fall. Those that were in better shape would take advantage and the people would win.

This too big to fail is utter bullcrap. They simply privatize gains and socialize losses to the American people.

These idiots tried to have bullshit computer models trick the system. YOU CANNOT TRICK THE ECONOMY. Did they really think the economy would rise every year? They tried to prevent the bubble from bursting with dumbass low interest rates.

They let it happen b/c the elected officials sleep with big business.

[MachNU]

The government did NOTHING during the past decade. There was NO REGULATION. Its like they never passed Sarbanes Oxley. The numbers DID NOT ADD UP. Anyone who tried to warn dumbass Greenspan was told STFU.

Bush AND Obama should have let Capitalism take its course. Let those greedy, unethical banks and financial institutions fall. Those that were in better shape would take advantage and the people would win.

This too big to fail is utter bullcrap. They simply privatize gains and socialize losses to the American people.

These idiots tried to have bullshit computer models trick the system. YOU CANNOT TRICK THE ECONOMY. Did they really think the economy would rise every year? They tried to prevent the bubble from bursting with dumbass low interest rates.

They let it happen b/c the elected officials sleep with big business.

Agreed. Or the same thing as giving into Unions at most major car manufactor plant.

[Atlblkz06]

The government did NOTHING during the past decade. There was NO REGULATION. Its like they never passed Sarbanes Oxley. The numbers DID NOT ADD UP. Anyone who tried to warn dumbass Greenspan was told STFU.

Bush AND Obama should have let Capitalism take its course. Let those greedy, unethical banks and financial institutions fall. Those that were in better shape would take advantage and the people would win.

This too big to fail is utter bullcrap. They simply privatize gains and socialize losses to the American people.

These idiots tried to have bullshit computer models trick the system. YOU CANNOT TRICK THE ECONOMY. Did they really think the economy would rise every year? They tried to prevent the bubble from bursting with dumbass low interest rates.

They let it happen b/c the elected officials sleep with big business.

I'm a little confused about what you're saying but - do you think a ZERO Regulation policy will work? Umm yea do you remember ENRON? People will will lie, cheat, steal - anything to get that money!

The problem is - those greedy institutions may have died - but they GOT AWAY WITH OUR DAMN MONEY! People were too stupid to see that they cant afford a 400k house with a 50k salary - I mean WTF! These institutions will come and go and drain us if they're not stopped.

The only alternative to regulation is - public education?

SOX - stuff is a ROYAL pain in the ass. I gotta deal with that crap since I'm in technical business consulting. But it opens up the books for inspection - so Enron 2.0 can be avoided. I dont know how that can be a bad thing.

Another point - if the govt let everyone weak fail - our unemployment would be twice as much - it'd cause a cyclic effect and cause our economy (which is based on consumer spending) to unravel. At that point we'd have foreign investors swooping up everything - thats the end of the US as a superpower. Actually wait thats kinda happening already.

Unrestricted capitalism is like saying : Hey do you wanna kick me in the balls?

[1SICKLEX]

I'm a little confused about what you're saying but - do you think a ZERO Regulation policy will work? Umm yea do you remember ENRON? People will will lie, cheat, steal - anything to get that money!

The problem is - those greedy institutions may have died - but they GOT AWAY WITH OUR DAMN MONEY! People were too stupid to see that they cant afford a 400k house with a 50k salary - I mean WTF! These institutions will come and go and drain us if they're not stopped.

The only alternative to regulation is - public education?

SOX - stuff is a ROYAL pain in the ass. I gotta deal with that crap since I'm in technical business consulting. But it opens up the books for inspection - so Enron 2.0 can be avoided. I dont know how that can be a bad thing.

Another point - if the govt let everyone weak fail - our unemployment would be twice as much - it'd cause a cyclic effect and cause our economy (which is based on consumer spending) to unravel. At that point we'd have foreign investors swooping up everything - thats the end of the US as a superpower. Actually wait thats kinda happening already.

Unrestricted capitalism is like saying : Hey do you wanna kick me in the balls?

We are agreeing. I am saying the government by LAW was to be regulating and they did not. They didn't regulate a thing. The accountants clearly didn't notice ANYTHING "weird' going on for a decade. Even Newt Gingrich said that "Sarbanes Oxley has failed". If people truly were inspecting, then the financial crisis could have been avoided.

I agree that many people got in over their heads with homes. However they are not the main problem. Hell subprime loans were only 12% or so of the loans.

The problem was the financiers. They SUPPLIED all this money to people who didn't deserve it. Even people that had good credit bought another home not to live in but to "flip". Real estate became a joke. Everyone became a Realtor, everyone got a home.

Why? Well the biggest income for local governments is PROPERTY TAX. Did you think they were going to say "hey wait, this is fishy"??? HELL NO. They wanted more people buying home and then had the homes appraised far higher than actual worth for MORE TAX REVENUE.

All this time the financial institutions made up computer models (I can barely even understand the minimum of it) that had all this money invested in debt b/c the "computer" said it was safe.

It continued to repeat over and over.