Page 1 of 2 12 LastLast
Results 1 to 15 of 18
  1. #1
    Empire's Avatar
    Join Date
    Jan 2009
    Gender
    male
    Location
    .Alwayz.
    Posts
    19,901
    Reputation
    659
    Thanks
    1,345
    My Mood
    Pensive

    Obama as President.[Economics]

    Now this is explained in detail, so try and keep up.
    Economical:

    To start things off, you can not blame Obama for the debt. That being said, let me explain why the debt skyrocketed these past few years:

    To decrease debt you can really only do two things in government:
    1. You decrease/increase taxes.
    2. You balance the budget, cutting out unnecessary programs and items.

    Bush started a war, while at the same time cut taxes. You see while the war takes up lots and lots of money, you are supposed to raise taxes to keep up with the debt %. Bush cut taxes which only means less money would be coming in towards the government.

    +But why you ask? Isn't it that if you cut taxes it gives more to spend which will in turn give more money to the government?(Reaganomics) While this is true in some regards, you can't just lower taxes to 0% and call it a day. That being said you can't lower taxes and spend lots at the same time. While it gets you public approval rating, and re-elections, it vastly increases debt and hurts the economy in the near future as well as the far.
    ---------------------------------------

    Lets get back to Obama.

    Ok Obama at the start comes into the horrible debt and economic recession that Bush had created. What he did:
    1. Spent money. Lots of it. The stimulus, the bailing out of banks, and more money to the war.
    A) The stimulus bill in and of itself is stupid. That money was spent very poorly and should not have been spent at all. You could relate this to FDR's "new deal", which furthered the great depression thanks to wasteful spending.(which caused inflation)
    B) Bailing out people, well. Lets just say "too big to fail" is a great term for this.(and also a very interesting book). Not only does bailing them out, increase the spending, it also just fucks over any new competitors.
    C) More money on the war is not neccesarily bad. But seeing as how waging war is reaally expensive, continuing it is bad for the economy, not to mention having troops returning home ADDS to the economy by a substantial amount, and having them deployed increases the debt by the amount also.

    2. Started programs that will cost more money for the citizen, and not stopping the welfare ones that need to eventually end.(SS & welfare).
    A) These programs are a "good idea", but...... shouldn't be done during a recession.
    - Imagine if during the great depression this happened. The country would literally have inflation out its ass like Germany did after WWI.
    B) That being said, "spreading the wealth" welfare programs really aren't good for the majority of the citizens.
    -As a nation becomes wealthy as a whole, the poorer also become more wealthy. Sure there are always the poor in every society, but the more wealthy everyone becomes, the better the poor have it as well. The problem with welfare is it takes money from the "non-poor" and gives it to the poor. +Ethically this should happen right? No, this is stealing.(not even exaggerating here).
    ++When you take money from the people, and spread it around, the advancement of society slows. The more you take from Jimmy, to give to Timmy, the less Jimmy has to pay back the debt. Reliance on welfare keeps Timmy from advancing too, in the end Timmy and Jimmy combined pay 1/2 of what just Jimmy would have payed. Timmy didn't pay any back, actually.

    Welfare programs are needed, but they are handled poorly. The more you make of them, be it healthcare or just welfare in general, the more you have reliance on them. The government will pay a citizen the money it took from another to help them. Thats great if you wanted to give to charity, but it is unlawful otherwise. That being said, since the systems are handled so poorly they have numerous flaws which have been exploited costing the tax payer even more money for freeloaders.

    Economically, Obama has hurt more than helped the American people.


  2. #2
    WOLFPACK X69X's Avatar
    Join Date
    Feb 2010
    Gender
    male
    Location
    space bound....
    Posts
    4,592
    Reputation
    194
    Thanks
    382
    My Mood
    Crappy
    no he didn't start the debt started when companys moved out of america to china because of cheaper labor. thats bull shit id rather buy and pay somebody in my own damn country than in china

  3. #3
    Empire's Avatar
    Join Date
    Jan 2009
    Gender
    male
    Location
    .Alwayz.
    Posts
    19,901
    Reputation
    659
    Thanks
    1,345
    My Mood
    Pensive
    Quote Originally Posted by ChrisWebby View Post
    no he didn't start the debt started when companys moved out of america to china because of cheaper labor. thats bull shit id rather buy and pay somebody in my own damn country than in china
    Listen you stupid fuck, i never said anyone started the debt. In fact, there has only been one time in our nations history where we haven't been in debt.(1830).

    So please, do not comment with your stupid shit in this thread.


  4. #4
    Dave84311's Avatar
    Join Date
    Dec 2005
    Gender
    male
    Location
    The Wild Wild West
    Posts
    27,856
    Reputation
    3541
    Thanks
    36,157
    My Mood
    Devilish
    Opinions are like assholes, everyone has one.





    THE EYE OF AN ADMINISTRATOR IS UPON YOU. ANY WRONG YOU DO IM GONNA SEE, WHEN YOU'RE ON MPGH, LOOK BEHIND YOU, 'CAUSE THATS WHERE IM GONNA BE


    "First they ignore you. Then they laugh at you. Then they fight you. Then you lose.” - Dave84311HAD VIRTUAL DETOX

  5. The Following 2 Users Say Thank You to Dave84311 For This Useful Post:

    DBB (04-29-2011),[MPGH]Hassan (04-19-2011)

  6. #5
    B4M's Avatar
    Join Date
    May 2009
    Gender
    male
    Location
    Real World
    Posts
    6,939
    Reputation
    478
    Thanks
    1,746
    My Mood
    Bored
    Quote Originally Posted by Dave84311 View Post
    Opinions are like assholes, everyone has one.
    =))

    omfg!

    OT: Interesting..


    Back in '10



    Got a question?PM/VM me!
    I read them all.
    Also contact me via MSN.
    vlad@mpgh.net

    Minion since:07-04-2010
    Mod since:08-31-2010
    Till : 05.07.2011

  7. #6
    Hassan's Avatar
    Join Date
    May 2010
    Gender
    male
    Location
    System.Threading.Tasks
    Posts
    4,768
    Reputation
    495
    Thanks
    1,922
    My Mood
    Dead
    Quote Originally Posted by Dave84311 View Post
    Opinions are like assholes, everyone has one.
    .

  8. #7
    Empire's Avatar
    Join Date
    Jan 2009
    Gender
    male
    Location
    .Alwayz.
    Posts
    19,901
    Reputation
    659
    Thanks
    1,345
    My Mood
    Pensive
    Quote Originally Posted by Dave84311 View Post
    Opinions are like assholes, everyone has one.
    :/ Way to state the obvious.


  9. #8
    Bombsaway707's Avatar
    Join Date
    Jun 2009
    Gender
    male
    Location
    Gym
    Posts
    8,817
    Reputation
    791
    Thanks
    3,947
    My Mood
    Amused
    Quote Originally Posted by TheGodfather View Post


    =))

    omfg!

    OT: Interesting..
    Kiss that ass boi

  10. #9
    B4M's Avatar
    Join Date
    May 2009
    Gender
    male
    Location
    Real World
    Posts
    6,939
    Reputation
    478
    Thanks
    1,746
    My Mood
    Bored
    Quote Originally Posted by Bombsaway707 View Post

    Kiss that ass boi
    Can't jokes be funny fucktard?

    Implies that if I am laughing I kiss someone's ass?



    Back in '10



    Got a question?PM/VM me!
    I read them all.
    Also contact me via MSN.
    vlad@mpgh.net

    Minion since:07-04-2010
    Mod since:08-31-2010
    Till : 05.07.2011

  11. #10
    Empire's Avatar
    Join Date
    Jan 2009
    Gender
    male
    Location
    .Alwayz.
    Posts
    19,901
    Reputation
    659
    Thanks
    1,345
    My Mood
    Pensive
    Yes you did.

  12. #11
    Ethereal's Avatar
    Join Date
    Oct 2009
    Gender
    male
    Posts
    13,518
    Reputation
    1850
    Thanks
    3,161
    My Mood
    Amused
    Quote Originally Posted by TheGodfather View Post


    Can't jokes be funny fucktard?

    Implies that if I am laughing I kiss someone's ass?

    Yu always mad tho?

    On topic:

    Don't forget about the 1 billion he's gonna spend to get re-elected.
    Last edited by Ethereal; 04-19-2011 at 06:49 PM.

  13. #12
    Empire's Avatar
    Join Date
    Jan 2009
    Gender
    male
    Location
    .Alwayz.
    Posts
    19,901
    Reputation
    659
    Thanks
    1,345
    My Mood
    Pensive
    Quote Originally Posted by Ethereal View Post
    Yu always mad tho?

    On topic:

    Don't forget about the 1 billion he's gonna spend to get re-elected.
    Didn't hear about that, although usually campaign expenses come after the campaign.


  14. #13
    barklolbark's Avatar
    Join Date
    Aug 2009
    Gender
    male
    Location
    Uranus
    Posts
    331
    Reputation
    14
    Thanks
    12
    My Mood
    Aggressive
    What if this happened after the great depression? It did, it was called the Social Security Act.. not to mention all the alphabetical agencies.

  15. #14
    Empire's Avatar
    Join Date
    Jan 2009
    Gender
    male
    Location
    .Alwayz.
    Posts
    19,901
    Reputation
    659
    Thanks
    1,345
    My Mood
    Pensive
    Quote Originally Posted by barklolbark View Post
    What if this happened after the great depression? It did, it was called the Social Security Act.. not to mention all the alphabetical agencies.
    What are you talking about??? Or are you just spammin?


  16. #15
    Ethereal's Avatar
    Join Date
    Oct 2009
    Gender
    male
    Posts
    13,518
    Reputation
    1850
    Thanks
    3,161
    My Mood
    Amused
    Quote Originally Posted by Empire View Post


    Didn't hear about that, although usually campaign expenses come after the campaign.
    Don't matter when really..we're still eating a bill to get shit results.

Page 1 of 2 12 LastLast