IndicaFatnHeavy
Active Member
lol 420th post
Who's Sick Of Obama Yet?
- Thread starter AKRevo47
- Start date
- Status
You sound like another idiot, Joe Biden, when he said of Obamas New Deal "The economists say it will work".Not sure what history you are referring to here. Only a very small percentage of people believe that the New Deal programs and policies prolonged the Depression. Even most conservative economists no this to be untrue.
A little info for you on the Depression. Wages were set at a 25 percent higher rate for certain industries, prices rose 23 percent (for everyone) so now more people couldn't afford food so the food was plowed under. Monopolies were allowed.
The reason the US started to crawl out of the Depression was when the practice of price and wage fixing and Monopolies were discontinued.
The reason the US came out of the Depression in 1921 was because of no Federal Government intervention.
The tax cuts allowed the U.S. economy to grow rapidly during the mid- and late-1920s. Between 1922 and 1929, real gross national product grew at an annual average rate of 4.7 percent and the unemployment rate fell from 6.7 percent to 3.2 percent.
As tax rates were cut in the mid-1920s, total tax revenues initially fell. But as the economy responded and began growing quickly, revenues soared as incomes rose. By 1928, revenues had surpassed the 1920 level even though tax rates had been dramatically cut.
The tax cuts of the 1920s were the first federal experiment with supply-side income tax rate cuts. Data for the period show an initial decline in federal revenues as tax rates were cut, but revenues grew strongly during the subsequent economic expansion.
Federal spending was cut from $6.3 billion in 1920 to $5 billion in 1921 and $3.2 billion in 1922. Federal taxes were cut from $6.6 billion in 1920 to $5.5 billion in 1921 and $4 billion in 1922. Harding’s policies started a trend. The low point for federal taxes was reached in 1924. For federal spending, in 1925. The federal government paid off debt, which had been $24.2 billion in 1920, and it continued to decline until 1930.
The number of unemployed fell to 2.8 million – a reported 6.7% of the labor force – in 1922 (11.7% in 1921). So, just a year and a half after Harding became president, the Roaring 20s were underway! The unemployment rate continued to decline, reaching a low of 1.8% in 1926 – an extraordinary feat. Since then, the unemployment rate has been lower only once in wartime (1944), and never in peacetime.
t@intshredder
Well-Known Member
Trust-busting? You're joking, right?
Are you claiming that you've discovered the Holy Grail of modern economists: you've discovered the single reason for the economic expansion post-Great Depression?
What about expansion due to gold inflows after the devaluation of the US dollar? What about the broad reaching reflation policies? Those two artifacts alone most definitely contributed more to the expansion than trust-busting.
Try again, brother.
spinninggorilla
Member
Obama is just like what I said he would be. He is just like that hot nasty stripper. She looks good from the bar, she looks great when she is on your lap but after you take her home and the clothes are off their is nothing there. He and the media filled everyone with empty promises and now its starting to show. 3 1/2 more years and this unexperinced fool is gone.
LMAO That's what you got from my post? That I discovered it? Rather foolish statement.Trust-busting? You're joking, right?
Are you claiming that you've discovered the Holy Grail of modern economists: you've discovered the single reason for the economic expansion post-Great Depression?
Try again, brother.
http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx
Read the article and educate yourself. Unless of course you follow Keynesian philosphy which means you head is up your ass.
https://mises.org/story/1623
"The price of gold was increased from $20.67 to $35.00 per ounce, a 69% increase, but the domestic price level increased only 7% between 1933 and 1934, and over rest of the decade it hardly increased at all. FDR's devaluation provoked retaliation by other countries, further strangling international trade and throwing the world's economies further into depression."
CrackerJax
New Member
Yes, majority numbers makes things right or wrong in your world. Facts by popular opinion.Not sure what history you are referring to here. Only a very small percentage of people believe that the New Deal programs and policies prolonged the Depression. Even most conservative economists no this to be untrue.
Actually, the percentage of people that believe this is likely to fall in line with the percentage of people that believe that Obama is not an American citizen.
I don't really cater to arguments against the lowest common denominator.
Roosevelts extension of misery is now accepted by most ECONOMISTS today. You may wish to believe the 6th grade drivel they fed you as a boy, and your granny might have loved the man, but if you actually crack a real book sometime, you might actually find out some economic FACTS about Roosevelt and the NEW DEAL. It was a FAILURE.
The current STIMULUS is a FAILURE. It DOA to the tune of a TRILLION dollars.
It was never about fixing the economy.......you guys are so easily fooled....so easily.dieselhound
Well-Known Member
I call it like I see it.
But, my opinion doese'nt count. I am still injured after first back surgery resulting from 2 seperate worker comp accidents (in no way my fault). I'm back to work now and my hours have been cut to shit. As a result I'm paying Cobra 1150/ mo. Cuz when you have 3 kids / wife you can't gamble w/ health. Bills are stacked up. Just making house payments on 3500 sq. ft. Stopped paying credit cards. Headed towards chapter 7. Going to see a lawyer today.
LIVIN IN AMEEERICA.
I have tried to get help from every possible angle within the new regime. After all, did'nt he say his banks will rework all dem loans and keeps the peeps in they houses. Hell, I tried the best I could for the last 2 years. I can't do it anymore. So, i'm joinin the rest. Droppin 60K in cc debt and 90K second mortgage. That's my bailout plan.
No I don't see much difference. How bout you?
DH
Attachments
t@intshredder
Well-Known Member
Yet again more claims from you that you can't back up? It's pretty standard ...I have no idea why I'm questioning it.Yes, majority numbers makes things right or wrong in your world. Facts by popular opinion.
Roosevelts extension of misery is now accepted by most ECONOMISTS today. You may wish to believe the 6th grade drivel they fed you as a boy, and your granny might have loved the man, but if you actually crack a real book sometime, you might actually find out some economic FACTS about Roosevelt and the NEW DEAL. It was a FAILURE.
The current STIMULUS is a FAILURE. It DOA to the tune of a TRILLION dollars.
I will no longer listen to the majority of economists. I should trust the economic position of a person I've never met who spends a considerable amount of time on a marijuana cultivation website.
t@intshredder
Well-Known Member
....................LMAO That's what you got from my post? That I discovered it? Rather foolish statement.
It was a foolish statement to state that there was a singular point of failure that lead to the depression. It was just as foolish to suggest that there was a singular reason that we pulled out of it. It was much more foolish to suggest that trust-busting was that singular reason.
http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx
Read the article and educate yourself. Unless of course you follow Keynesian philosphy which means you head is up your ass.
I sure do adhere to Keynesian economics, as do most people of intellect. But I guess if your point of view is that "you head is up your ass" ...than you leave me with no room to argue.
https://mises.org/story/1623
"The price of gold was increased from $20.67 to $35.00 per ounce, a 69% increase, but the domestic price level increased only 7% between 1933 and 1934, and over rest of the decade it hardly increased at all. FDR's devaluation provoked retaliation by other countries, further strangling international trade and throwing the world's economies further into depression."
Way to copy and paste a critique from the Austrian school of thought on the subject. It's an archaic and completely deprecated standpoint, but humorous nonetheless.
Anyone with original ideas or am I debating with a bunch of conservatives? Never mind. I answered my own question.
TheBrutalTruth
Well-Known Member
Everything is highly relevant, you are just to ignorant and blinded by your ideology and idiotic rhetoric to see it.
http://mises.org/story/3553
Hoover
Davis-Bacon: This bill passed in 1931 following a sharp decline in construction activity at the beginning of the Great Depression. Construction expenditures went from $11 billion annually to $3 billion, with over half of the reduced activity financed by government. Competition for contracts and jobs was fierce and mobile contractors using migrant labor entered the market to underbid some local contractors. Many contractors and building trade unions welcomed the law to protect themselves from the competition of what one congressman called "carpetbagging sharpie contractors."[10]
Norris-LaGuardia Anti-Injunction Act: Signed by President Herbert Hoover on March 23, 1932, this bill passed the House 363-13 and the Senate 75-5. It was the culmination of a 50-year union campaign against "government by injunction."
The threefold purpose of the act was to
- declare nonunion employment agreements ("yellow-dog contracts") unenforceable in federal courts (section 3);
- grant labor organizations immunity from liability for wrongful acts under antitrust law (sections 4 and 5); and
- give unions immunity from private damage suits and nullify the equity powers (injunctive relief) of federal courts in labor disputes (sections 712).
The first demonstrates that Unions, with their greed, and bribery were responsible in part for lengthening the depression. After Davis-Bacon construction activity fell around 70%.
http://foxforum.blogs.foxnews.com/2009/03/02/kerpen_obama_hoover/
http://en.wikipedia.org/wiki/Herbert_Hoover#Great_Depression
http://www.craigsteiner.us/comments/117
All of this clearly demonstrates that your imbecilic claims about Hoover doing "nothing" are blatantly false.
More importantly, it also demonstrates that the nanny-state policies that Hoover Started and FDR continued prolonged and lengthened the Great Depression.
The real recovery did not begin until the late 1940s with the return of GIs from the European and Pacific Theaters. With them, they brought money, the readiness to settle down and resume their civilian lives, and a desire to have the luxuries that their parents had not had.
Namely, TVs, Washers, Dryers, Electricity, Electric Water Heaters, and the list goes on.
ViRedd
New Member
Med ... you continue to attempt to pass off this bull-shit as truth. Why? You've been challenged on this point many times here in the forum, and yet, you don't learn. Why are you so stone-blind to the truth?
The truth is ... there was more unemployment at the start of FDR's third term than there was at the beginning of his first term. All of his unconstitutional spending did NOTHING to end the depression. In fact, it made things worse. We see FDR's history repeating itself today with Obama'sw "recovery."
Come on man ... buck up on you history and stop looking so foolish.
Vi
t@intshredder
Well-Known Member
Funny article discussing the current "Obama was born in Kenya" brand of stupidity:
http://www.examiner.com/x-6665-Liberal-Examiner~y2009m7d18-Seriously-You-really-think-Obama-was-born-in-Kenya
http://www.examiner.com/x-6665-Liberal-Examiner~y2009m7d18-Seriously-You-really-think-Obama-was-born-in-Kenya
RetiredToker76
Well-Known Member
He won't legalize a harmless plant.
He's after my means of personal protection.
He's another pretty face on TV.
Yup tired of the guy.
-RT76
He's after my means of personal protection.
He's another pretty face on TV.
Yup tired of the guy.
-RT76
Dolce Vita
Active Member
really? you think your vote actually counts?
CrackerJax
New Member
Yes Taint, you stick to the funny stories. It seems to be about your speed.
Keynes predicted that, as a result of the Treaty, iron and steel production in Europe would decline. Instead, it rose. He predicted that German pre-war coal output could not be sustained. It was sustained. He predicted that Germany could not export coal. In fact, it did...I sure do adhere to Keynesian economics, as do most people of intellect. But I guess if your point of view is that "you head is up your ass" ...than you leave me with no room to argue.
..................
In other words, Keynes was wholly wrong about the strictly economic consequences of the Versailles Treaty.
Keynes wrote a generally favorable review of Mises's book but criticized it for being unoriginal. He later admitted that he could not read German well enough to understand original ideas. Such was the integrity of Keynes.
Keynes recognized full well the damage that speculation and malinvestment could inflict on people. What Keynes did not
recognize was the root cause of these episodes. Instead, he focused on the results which he thought were the causes.
recognize was the root cause of these episodes. Instead, he focused on the results which he thought were the causes.
The following paragraph from Keynes (1964, 161) sums up his view of speculation:
..there is the instability due to the characteristic of human nature that a large proportion of our positive activities depend on spontaneous optimism rather than on a mathematical expectation, whether moral or hedonistic or
economic. Most, probably, of our decisions to do something positive, . . . can only be taken as a result of animal spirits.
..there is the instability due to the characteristic of human nature that a large proportion of our positive activities depend on spontaneous optimism rather than on a mathematical expectation, whether moral or hedonistic or
economic. Most, probably, of our decisions to do something positive, . . . can only be taken as a result of animal spirits.
Keynes held the view, as reflected in the above quote, that these "animal spirits" lead to damaging speculation, and he of course prescribed government restrictions on investment to solve the problem.
Keynes, who saw all people as being possessed by "animal spirits", i.e., being irrational, which will thus cause frequent instability and speculation in an economy, with the obvious cure being intervention by the State, which is assumed to be rational.
LMAO That's who you stand with?
CrackerJax
New Member
Heh Parker, don't forget that Taint thinks the public sector is more efficient than the private... How else can you be an Obama supporter? If you don't believe that single tenant, you have nothing else left.
How else can you be an Obama supporter? If you don't believe that single tenant, you have nothing else left.
ViRedd
New Member
"I sure do adhere to Keynesian economics, as do most people of intellect. But I guess if your point of view is that "you head is up your ass" ...than you leave me with no room to argue"
And thanks to Keynesian economic policies foisted upon us by those "people of intellect," our nation is 53 TRILLION in debt.
Vi
And thanks to Keynesian economic policies foisted upon us by those "people of intellect," our nation is 53 TRILLION in debt.
Vi
Big P
Well-Known Member
holy shit look what trees of life just posted.
you guys defending Obama about the birth certificate thing are complete morons
truley gulible suckers, yes men, guess theres a lot of you out there.
E.O. Barring release of Birth Certificate
permalink
http://www.infowars.com/obama-signs-...h-certificate/
Obama Signs Executive Order Barring Release Of His Birth Certificate
The Freedom Medium
July 19, 2009
First, we did a story about an Army Major who filed suit regarding his deployment to Afghanistan on the grounds that Obama was not Americas legitimate Commander-In Chief.
World Net Daily thought highly enough of this article to link to it on their front page.
Then we did an article pointing out the differences between a Birth Cerificate and a Certification Of Live Birth.
Some of the biggest names in conservative news have weighed in on this topic, such as Michelle Malkin, Sean Hannity, Rush Limbaugh and numerous others have offered their opinions.One of the people at the forefront of this issue is Joseph Farah and his staff over at World Net Daily.
They are even running an online petition demanding Obama produce a long-form birth certificate.
Thanks to the alertness of our great friend and loyal supporter Erica, who gave us the heads-up on this. it appears that the issue of Obama being forced to produce a copy of his birth certificate may prove to be extremely difficult, if not impossible.
On January 21st, 2009, his very first day in office, Barack Obama implemented and signed into law Executive Order 13489.
For those of you who cant take the time to read it. here is the section that applies:
Sec.2
Notice Of Intent To Disclose Presidential Records
When the Archivist provides notice to the incumbent and former Presidents of his intent to disclose Presidential records pursuant to section 1270.46 of the NARA regulations, the Archivist, using any guidelines providied by the incumbent and former Presidents, shall identify any specific materials, the disclosure of which he believes may raise a substantial question of executive privilege.
Now for all of you who commented on our previous articles that we were no more that right-wing nut jobs, that this thing about Obamas birth certificate was a non-issue, and those of you who tried to shift the focus of the stories, doesnt this strike you as just a little odd?
That the first order of business Obama took care of on day one of his Presidency was to sign off on an Executive Order that states that only the records he chooses to be made public will be released?
This is the subject that was at the absolute top of his agenda?
If this isnt proof that Obama is hiding something, I dont know what is.
you guys defending Obama about the birth certificate thing are complete morons
truley gulible suckers, yes men, guess theres a lot of you out there.
permalink
http://www.infowars.com/obama-signs-...h-certificate/
Obama Signs Executive Order Barring Release Of His Birth Certificate
- Text size<LI class=rightmag>
The Freedom Medium
July 19, 2009
First, we did a story about an Army Major who filed suit regarding his deployment to Afghanistan on the grounds that Obama was not Americas legitimate Commander-In Chief.
World Net Daily thought highly enough of this article to link to it on their front page.
Then we did an article pointing out the differences between a Birth Cerificate and a Certification Of Live Birth.
Some of the biggest names in conservative news have weighed in on this topic, such as Michelle Malkin, Sean Hannity, Rush Limbaugh and numerous others have offered their opinions.One of the people at the forefront of this issue is Joseph Farah and his staff over at World Net Daily.
They are even running an online petition demanding Obama produce a long-form birth certificate.
Thanks to the alertness of our great friend and loyal supporter Erica, who gave us the heads-up on this. it appears that the issue of Obama being forced to produce a copy of his birth certificate may prove to be extremely difficult, if not impossible.
On January 21st, 2009, his very first day in office, Barack Obama implemented and signed into law Executive Order 13489.
For those of you who cant take the time to read it. here is the section that applies:
Sec.2
Notice Of Intent To Disclose Presidential Records
When the Archivist provides notice to the incumbent and former Presidents of his intent to disclose Presidential records pursuant to section 1270.46 of the NARA regulations, the Archivist, using any guidelines providied by the incumbent and former Presidents, shall identify any specific materials, the disclosure of which he believes may raise a substantial question of executive privilege.
Now for all of you who commented on our previous articles that we were no more that right-wing nut jobs, that this thing about Obamas birth certificate was a non-issue, and those of you who tried to shift the focus of the stories, doesnt this strike you as just a little odd?
That the first order of business Obama took care of on day one of his Presidency was to sign off on an Executive Order that states that only the records he chooses to be made public will be released?
This is the subject that was at the absolute top of his agenda?
If this isnt proof that Obama is hiding something, I dont know what is.
- Status