Great, spend more money we don't have. What a wonderful idea. This guy is a freaking idiot. I love this quote, it tells you all you need to know about his views on government spending. Government can not spend money and make this recession end.

http://www.msnbc.msn.com/id/34312987/ns/business-economy_at_a_crossroads

President Barack Obama outlined new multibillion-dollar stimulus and jobs proposals Tuesday, saying the nation must continue to "spend our way out of this recession" until more Americans are back at work.

Since the first one has worked sooooo well, we're going to duplicate the stupidity.

Note to Obaai: Give money back to people (tax cuts) and businesses, and stop pushing lots of big ticket items like health care and cap & steal, and you'll start to see the economy pick up as companies feel secure enough to hire again.

Capitalism isn't rocket science.

But of course Obama knows this. He just doesn't LIKE it.

His name is Obama, use it or don't post- LJ

Writerbuckeye wrote: But of course Obambi knows this.

That's a pretty big assumption.

I thought he was targeting small business? From the article:

A major part of his package is new incentives for small businesses, which account for two-thirds of the nation's work force. He proposed a new tax cut for small businesses that hire in 2010 and an elimination for one year of the capital gains tax on profits from small-business investments.

Obama also proposed an elimination of fees on loans to small businesses, coupled with federal guarantees of those loans through the end of next year.

He just got done saying at the Job Summit that he wanted businesses to hire more. So, this is his idea of how to go about doing that.

But, we haven't spent the whole stimulus that's in "motion" right now, so ... (which is a whole 'nother story in itself)

Hopefully he gets told "NO!"

BHO's original "gotta spend $800 BILLION now or unemployment will go above 8%....no 9%...well maybe 10% Porkulus Sammich" worked so well the first time let's print - er...I mean - SPEND more tax dollars we ain't got.

Un-friggin believable bullshit.

This bunch of Gargantuan MORONS in DC is bound and determined to "prove" government spending can stimulate an ailing "free" market economy.

CenterBHSFan wrote: He just got done saying at the Job Summit that he wanted businesses to hire more. So, this is his idea of how to go about doing that.

But, we haven't spent the whole stimulus that's in "motion" right now, so ... (which is a whole 'nother story in itself)

Hopefully he gets told "NO!"

How 'bout "HELL NO"? Too much?

believer wrote:How 'bout "HELL NO"? Too much?

Well, it might hurt his feelings a little bit. He's not used to that kind of treatment, ya know.

After the debacle that was the first spendulus, he's pretty much lost all credibility on the economy. Best to cross his fingers and ride the healthcare pony as far as it will take him.

Yet no one offers their 2 cents on the alternative....expanding the private sector...you know...real production jobs. This guy is just like the last 6 guys in power. When the private sector can't produce enough jobs to employ the masses, then the borrow and spend mentality becomes the political "thing to do".

All the while the huge sucking sound of massive wealth redistribution to the communist countries, like China, Cambodia, Laos, and Vietnam...ring loud and clear in the ears of the American citizenry...a citizenry en masse that sees the wealthiest of wealthy nations disappear into the clear crystal night air.

Why the stimulus doesn't work, besides the obvious.

http://thehill.com/homenews/senate/71169-gop-points-out-pure-waste-in-stimulus

Excerpts:
$5 million grant from the Department of Energy to create a geothermal energy system for the Oak Ridge City Center shopping mall in Oak Ridge, Tenn. The main problem with the project, say Republicans, is the mall has been losing tenants for years and is mostly empty.

Penn State University received $1.57 million to search for fossils in Argentina and that a liberal-leaning theater in Minnesota, In the Heart of the Beast, named after a famous quote by leftist leader Che Guevara, received $100,000 for socially conscious puppet shows.

The report highlighted $6 million that went to the New York advertising firm Young & Rubicam to advertise the transition from analog to digital television. GOP lawmakers criticized the project for only creating three jobs.

$4.7 million that Lockheed Martin received to conduct advance research of supersonic jet travel and more than $2 million in stimulus funds that went to pay for new pipes to pump recycled water to the Sharp Park Golf Course, which the San Francisco City Council considered closing because of the threat it posed to the California red-legged frog.

Two million dollars in stimulus money went to build a replica railroad as a tourist attraction in Carson City, Nev.

A dinner cruise company based in Chicago received nearly $1 million in funds to combat terrorism.

The State University of New York at Buffalo won $390,000 to study young adults who drink malt liquor and smoke marijuana. The National Institutes of Health got $219,000 in funds to study whether female college students are more likely to “hook up” after drinking alcohol.
(I'll answer that one...Yes.)

The University of Hawaii collected $210,000 to study the learning patterns of honeybees, and $700,000 went to help crab fishermen in Oregon recover lost crab pots.

Coburn and McCain criticized Vice President Joe Biden, who was tasked with overseeing the spending of stimulus funds, for not paying closer attention.

ARE YOU SHITTING ME? OOOH Dems where are you to defend these things?

CenterBHSFan wrote:

believer wrote:How 'bout "HELL NO"? Too much?

Well, it might hurt his feelings a little bit. He's not used to that kind of treatment, ya know.

Well...it didn't hurt the feelings of Bush 43, Clinton, Bush 41, nor Reagan who all implemented the exact same Keynesian principles in getting their collective tit out of the ringer for the next election season..

Footwedge wrote:Well...it didn't hurt the feelings of Bush 43, Clinton, Bush 41, nor Reagan who all implemented the exact same Keynesian principles in getting their collective tit out of the ringer for the next election season..

I don't recall any of these folks asking for $850 billion to "stimulate" the economy and then suggesting we do it some more.

While I agree that Keynesian economic principles are bogus, let's not pretend that BHO isn't ratcheting things up to incredibly new heights.

He's making Carter, Bush 1, Reagan, Clinton, and even Bush 2 look like financial geniuses.

Footwedge wrote:

CenterBHSFan wrote:

believer wrote:How 'bout "HELL NO"? Too much?

Well, it might hurt his feelings a little bit. He's not used to that kind of treatment, ya know.

Well...it didn't hurt the feelings of Bush 43, Clinton, Bush 41, nor Reagan who all implemented the exact same Keynesian principles in getting their collective tit out of the ringer for the next election season..

It hasn't been even close to the same and you damn well know it.

What is it with you folks and false equivalence? You just can't help yourselves.

I'm sure has heck no defender of the last Bush -- but at least he tried cutting taxes as part of a way to stimulate the economy, as opposed to funneling billions to political allies who had little to do with the actual economy. The problem is Bush didn't go far enough. The corporate tax rate remains way too high. We should be doing more to entice companies to stay or locate here.

Writerbuckeye wrote:

Footwedge wrote:

CenterBHSFan wrote:

believer wrote:How 'bout "HELL NO"? Too much?

Well, it might hurt his feelings a little bit. He's not used to that kind of treatment, ya know.

Well...it didn't hurt the feelings of Bush 43, Clinton, Bush 41, nor Reagan who all implemented the exact same Keynesian principles in getting their collective tit out of the ringer for the next election season..

It hasn't been even close to the same and you damn well know it.

What is it with you folks and false equivalence? You just can't help yourselves.

I'm sure has heck no defender of the last Bush -- but at least he tried cutting taxes as part of a way to stimulate the economy, as opposed to funneling billions to political allies who had little to do with the actual economy. The problem is Bush didn't go far enough. The corporate tax rate remains way too high. We should be doing more to entice companies to stay or locate here.

False equivelants? Of course they are in fact true equivelents. Deficit spending is deficit spending. It matters not if the d. spending alligns with military expansionism (your side) or the welfare state (their side).

The biggest over spender in my lifetime was Ronald Reagan. But I've already pointed that out to you. Do you not think Reagan's spending was not political paybacks to the military elites that helped get him elected?

Listen up....All politicians pay back those that funded their election. Not just Obama...not just Carter...not just Clinton.

.....and "there you go again (famous quote from Reagan in the 84 debates, BTW) in trumpeting the "cut taxes cures all" mentality of the far right.

Has nothing to do with Chinese/Vietnamese/Laosanese/Cambodianese workers knocking down 40 cents an hour....or the human rights violations of making them work 70 hour weeks w/out OT...or putting 13 year old girls deep in the mines as opposed to going to class, does it not?

The unfair playing field is only about corporate taxes and nothing else, correct?

Or that these 3rd world commie countries that have shown 3 times the GDP growth versus the US over the past 7 years...somehow has nothing to do with these unfair labor practices...and "free trade" (sic) agreements, huh?

No it's always cut a few more corporate taxes..that will be the be all and end all panacea that solves every economic woe out there for Americans....inspite of the fact that our corporate tax structure is progressive depending on size of revenue. That the range goes from a paltry 15% for the low end corporations up to the 39% paid by the corporate oligopolies that benefit from price fixing and collusion.

Cutting taxes at a time when our grandkids are going to be saddled with all that debt...while spending 60% of our tax revenues in funding 2 wars against 2 countries that have no standing armies.

Might make sense to you...but makes no sense to me....nor would it make any sense to Adam Smith, the founder of capitalism.

believer wrote:

Footwedge wrote:Well...it didn't hurt the feelings of Bush 43, Clinton, Bush 41, nor Reagan who all implemented the exact same Keynesian principles in getting their collective tit out of the ringer for the next election season..

I don't recall any of these folks asking for $850 billion to "stimulate" the economy and then suggesting we do it some more.

While I agree that Keynesian economic principles are bogus, let's not pretend that BHO isn't ratcheting things up to incredibly new heights.

He's making Carter, Bush 1, Reagan, Clinton, and even Bush 2 look like financial geniuses.

Ummm...no. When Obama brings the national debt to 30 trillion over the next 7 years, then you'll have an argument in relation to Reagan's deficit spending.

At least Obama told you ahead of time that he was going to deficit spend...something Reagan promised his constituancy what he wasn't going to do.

Remember the imfamous quote "the government doesn't solve the problem, they are the problem"...from the guy who boosted his GDP numbers by tripling the national debt.

Footwedge wrote:Ummm...no. When Obama brings the national debt to 30 trillion over the next 7 years, then you'll have an argument in relation to Reagan's deficit spending

Ummm...OK.

At the rate BHO is spending it will take far less than 7 years to achieve it. Looking forward to government health scare, crap & tax, and more phony prime-the-pump economic "stimulus" myself. Gives me a tingly feeling running down my leg.

Lets' spend more money that we don't have!! Great job Obama for giving my generation the task to pay all of this money back :@

It occurs to me, since they're having so much trouble spending the $700B stimulus, that I should offer to plant a few trees at the local park for $20k

Christ.

We don't need more stimulus. We need more cowbell.

SQ_Crazies wrote: Christ.

My friends just call me foot.

SQ_Crazies wrote: Christ.

He may be the only one that can save us now.

majorspark wrote:

SQ_Crazies wrote: Christ.

He may be the only one that can save us now.

Doubt it.

SQ_Crazies wrote: Christ.

Astute observation. I wish more Free Huddlers were that insightful. Food for thought at least. Thanks for the contribution.

Well, I've discovered that there is no point in doing anything but posting your opinion on this part of the site. No sense in arguing, it just wastes time for everyone like political arguing usually does.