Obama says Obamanomics are bad for the country. - Mercedes-Benz Forum

 
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post #1 of 9 (permalink) Old 05-15-2009, 09:42 PM Thread Starter
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Obama says Obamanomics are bad for the country.

Obama Says U.S. Long-Term Debt Load "Unsustainable" (Update2) - Bloomberg.com

Who's John Galt.

"Timeo Danaos et dona ferentes" - Virgil, The Aeneid, Book 2

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post #2 of 9 (permalink) Old 05-15-2009, 09:44 PM
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post #3 of 9 (permalink) Old 05-15-2009, 10:14 PM
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Yeppers, he is right and I am not sure you understand why.

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post #4 of 9 (permalink) Old 05-17-2009, 09:45 PM
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Yeppers, he is right and I am not sure you understand why.
Well, I know why. We don't yet have enough government intrusion in our economy, otherwise known as "taking advantage of a crisis."

In particular, insuring an additional 47 million folks without providing enough medical professionals and reducing reimbursement rates at the same time.

M.D.s and nurses make up a sizable portion of the boomer population, which are about to do what...RETIRE!

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post #5 of 9 (permalink) Old 05-17-2009, 09:48 PM
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Well, I know why. We don't yet have enough government intrusion in our economy, otherwise known as "taking advantage of a crisis."

In particular, insuring an additional 47 million folks without providing enough medical professionals and reducing reimbursement rates at the same time.

M.D.s and nurses make up a sizable portion of the boomer population, which are about to do what...RETIRE!
Nope, that's not it.

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post #6 of 9 (permalink) Old 05-18-2009, 10:00 AM
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Nope, that's not it.
Of course not - the only way to get tax increases passed is the fear mongering if we don't turn into a socialist country.

"There will never be a really free and enlightened State until the State comes to recognize the individual as a higher and independent power, from which all its own power and authority are derived, and treats him accordingly." --American author and poet Henry David Thoreau (1817-1862)
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post #7 of 9 (permalink) Old 05-18-2009, 12:24 PM
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Of course not - the only way to get tax increases passed is the fear mongering if we don't turn into a socialist country.
I just know there is a thought there. Care to try again?

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post #8 of 9 (permalink) Old 05-18-2009, 01:00 PM
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Bear,
I hope that guys like you with an affliction of affection for 0 will be correct when it comes to his econ policy. Unless you just simply believe in HopeyChange and nothing else, I cannot find any historical example that shows it can work.

OK, let's change that for just a second and say that Castro's system worked, albeit crappily. Show us how in our lifetime we can be more prosperous than we have ever been.
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post #9 of 9 (permalink) Old 05-19-2009, 12:02 AM
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Bear,
I hope that guys like you with an affliction of affection for 0 will be correct when it comes to his econ policy. Unless you just simply believe in HopeyChange and nothing else, I cannot find any historical example that shows it can work.

OK, let's change that for just a second and say that Castro's system worked, albeit crappily. Show us how in our lifetime we can be more prosperous than we have ever been.
You make references from two different directions.

First, I believe my respect and understanding for these economic policies are based on the conditions that we face NOW, in the very specific times we have in 2009. We have a very specific set of circumstances, with a tanked housing market, a tanked financial sector [although that is stabilizing], a degraded manufacturing sector, a unhealthy trade imbalance, a staggering national debt and, a requirement to funnel more money into the system to bring it back to health. Add to that a compressing tax base due to unemployment and retiring babyboomers and a increasing healthcare load due to those same boomers and we have an economic example that has NO historic comparator.

There are some very hard economic decisions being made that nobody likes, me included but that there are no choices but to make. That is the unfortunate part of this whole time. Anyone would have the same set of issues and decisions to make. There are just two disparate philosophies from which to glean decisions.

To your second point of "how in our lifetime we can be more prosperous than we have ever been?". It is very possible, with the increase in population, increase in productivity, globalization and depth of this economic slump that we will not, for a long time, as a country be more prosperous they we were in the past. Much like the Gilded Age of the late 1800s, and the 50 year drop in prosperity after that, it will take over a generation to recuperate and develop new industries and technologies to regrow our prosperity.

Some will be back in the saddle by 2010. Some a few years later, that always happens. But the nation is in for a longer period of time to catch up with the days that we have had in the 1970-2000. We did very good and very bad during that period.

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