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Old March 5th, 2009   #1
landlord
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Stimulus vs stimulus!

Almost 30 years ago another stimulus package, $750 billion dollars worth was instituted. Interesting the mentality toward the Obama administration for choosing to take the same action instead of standing idly by while things deteriorate even further.

case:
The last time a president signed a $750 billion stimulus plan into law, it snapped the U.S. out of a deep recession and ignited a high-tech boom... turning individual investors into millionaires overnight!

Think back to the last time a president signed a stimulus package of this magnitude... It wasn't FDR...

It was Ronald Reagan. The single most important legacy of the Reagan administration -- besides ending the Cold War -- was laying the economic groundwork for the next decade.

Starting with his first $750 billion stimulus plan in 1981, Reagan's efforts to revive the economy pulled America out of a deep recession and paved the way for the high-tech revolution of the 1990s...

"Reagan's first term saw the creation of such future giants as Sun Microsystems, Dell Computers and Cisco-- the greatest entrepreneurial burst of new companies since the early 20th century."
-- BusinessWeek

"The eventual recovery will be driven by government spending
rather than tax cuts -- the first time that's happened in the
United States since President Ronald Reagan."
-- The Washington Post, February 8, 2009

and
The Wall Street Journal reports that thanks to Obama's stimulus plan what's predicted to be a 1.6% decline in gross domestic product in 2010 could turn into a 1.9% increase -- pulling the U.S. out of a recession...

Time will tell!
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Old March 5th, 2009   #2
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Originally Posted by landlord View Post
Almost 30 years ago another stimulus package, $750 billion dollars worth was instituted. Interesting the mentality toward the Obama administration for choosing to take the same action instead of standing idly by while things deteriorate even further.

case:
The last time a president signed a $750 billion stimulus plan into law, it snapped the U.S. out of a deep recession and ignited a high-tech boom... turning individual investors into millionaires overnight!

Think back to the last time a president signed a stimulus package of this magnitude... It wasn't FDR...

It was Ronald Reagan. The single most important legacy of the Reagan administration -- besides ending the Cold War -- was laying the economic groundwork for the next decade.

Starting with his first $750 billion stimulus plan in 1981, Reagan's efforts to revive the economy pulled America out of a deep recession and paved the way for the high-tech revolution of the 1990s...

"Reagan's first term saw the creation of such future giants as Sun Microsystems, Dell Computers and Cisco-- the greatest entrepreneurial burst of new companies since the early 20th century."
-- BusinessWeek

"The eventual recovery will be driven by government spending
rather than tax cuts -- the first time that's happened in the
United States since President Ronald Reagan."
-- The Washington Post, February 8, 2009

and
The Wall Street Journal reports that thanks to Obama's stimulus plan what's predicted to be a 1.6% decline in gross domestic product in 2010 could turn into a 1.9% increase -- pulling the U.S. out of a recession...

Time will tell!

This should have been written by the Brothers Grimm. What a fairy tale!!!!!!!!!
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Old March 5th, 2009   #3
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Originally Posted by Biggun View Post
[/COLOR]
This should have been written by the Brothers Grimm. What a fairy tale!!!!!!!!!
You mean by Sister Grimm, Silverfox don't you? lol
Then you would take it as gospel huh? Forget the facts and history and put in all the neo con propaganda, that seems to be the trend with the Conservative party these days.

The Washington Post, Business week I guess are evil since they have not jumped on the Obama basher wagon?
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Old March 5th, 2009   #4
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"The difference between Reagan's and Obama's policies is striking. Reagan stressed private investment. With Obama, as with FDR, it's public investment. Reagan cut spending in the worst days of the recession in 1981. Obama favors radically increased spending. Reagan sought to boost employment in general. Obama has particular jobs in mind."

On his inauguration as President in 1981, Reagan famously declared amid another deep economic crisis: "Government is not the solution to our problem; government is the problem."

Obama's view of the present crisis is the exact opposite. "Only government can break the vicious cycles that are crippling our economy," he said.

http://www.theaustralian.news.com.au...om=communities
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Old March 6th, 2009   #5
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And yet government grew at a tremendous rate under Reagan. But we dare not call that a lie. Massive spending on our military buildup (Based on dubious information at best) provided a lot of high paying jobs. But our debt went from 1 trillion to 5 trillion. Even after the tax increases Reagan passed trying to contain it. Reagan threw a lot of money at the economy. He just didn't do it all at once.
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Old March 6th, 2009   #6
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March 06, 2009
Deception at Core of Obama Plans
By Charles Krauthammer

WASHINGTON -- Forget the pork. Forget the waste. Forget the 8,570 earmarks in a bill supported by a president who poses as the scourge of earmarks. Forget the "$2 trillion dollars in savings" that "we have already identified," $1.6 trillion of which President Obama's budget director later admits is the "savings" of not continuing the surge in Iraq until 2019 -- 11 years after George Bush ended it, and eight years after even Bush would have had us out of Iraq completely.

Forget all of this. This is run-of-the-mill budget trickery. True, Obama's tricks come festooned with strings of zeros tacked onto the end. But that's a matter of scale, not principle.

All presidents do that. But few undertake the kind of brazen deception at the heart of Obama's radically transformative economic plan, a rhetorical sleight of hand so smoothly offered that few noticed.

The logic of Obama's address to Congress went like this:

"Our economy did not fall into decline overnight," he averred. Indeed, it all began before the housing crisis. What did we do wrong? We are paying for past sins in three principal areas: energy, health care, and education -- importing too much oil and not finding new sources of energy (as in the Arctic National Wildlife Refuge and the Outer Continental Shelf?), not reforming health care, and tolerating too many bad schools.

The "day of reckoning" has now arrived. And because "it is only by understanding how we arrived at this moment that we'll be able to lift ourselves out of this predicament," Obama has come to redeem us with his far-seeing program of universal, heavily nationalized health care; a cap-and-trade tax on energy; and a major federalization of education with universal access to college as the goal.

Amazing. As an explanation of our current economic difficulties, this is total fantasy. As a cure for rapidly growing joblessness, a massive destruction of wealth, a deepening worldwide recession, this is perhaps the greatest non sequitur ever foisted upon the American people.

At the very center of our economic near-depression is a credit bubble, a housing collapse and a systemic failure of the entire banking system. One can come up with a host of causes: Fannie Mae and Freddie Mac pushed by Washington (and greed) into improvident loans, corrupted bond-ratings agencies, insufficient regulation of new and exotic debt instruments, the easy money policy of Alan Greenspan's Fed, irresponsible bankers pushing (and then unloading in packaged loan instruments) highly dubious mortgages, greedy house-flippers, deceitful homebuyers.

The list is long. But the list of causes of the collapse of the financial system does not include the absence of universal health care, let alone of computerized medical records. Nor the absence of an industry-killing cap-and-trade carbon levy. Nor the lack of college graduates. Indeed, one could perversely make the case that, if anything, the proliferation of overeducated, Gucci-wearing, smart-*** MBAs inventing ever more sophisticated and opaque mathematical models and debt instruments helped get us into this credit catastrophe in the first place.

And yet with our financial house on fire, Obama makes clear both in his speech and his budget that the essence of his presidency will be the transformation of health care, education and energy. Four months after winning the election, six weeks after his swearing in, Obama has yet to unveil a plan to deal with the banking crisis.

What's going on? "You never want a serious crisis to go to waste," said Chief of Staff Rahm Emanuel. "This crisis provides the opportunity for us to do things that you could not do before."

Things. Now we know what they are. The markets' recent precipitous decline is a reaction not just to the absence of any plausible bank rescue plan, but also to the suspicion that Obama sees the continuing financial crisis as usefully creating the psychological conditions -- the sense of crisis bordering on fear-itself panic -- for enacting his "Big Bang" agenda to federalize and/or socialize health care, education and energy, the commanding heights of post-industrial society.

Clever politics, but intellectually dishonest to the core. Health, education and energy -- worthy and weighty as they may be -- are not the cause of our financial collapse. And they are not the cure. The fraudulent claim that they are both cause and cure is the rhetorical device by which an ambitious president intends to enact the most radical agenda of social transformation seen in our lifetime.


Copyright 2009, Washington Post Writers Group
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Old March 6th, 2009   #7
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March 06, 2009
IGNORE
More of the same rhetoric from the far right.
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Old March 6th, 2009   #8
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Before anyone dreamed of an economic crisis this bad, Obama was campaigning on health care and weaning us of our dependence on foreign oil. So what he was going to do was said in advance and the majority of the voters voted for that. And all those earmarks the 'pubs are crying about? A full 40% of 'em were slipped in there by 'pubs. When ya tell the whole story, the 'pubs don't have a leg to stand on. Nor do they have an alternative plan. I'd be happy to hear a plan from them. Instead of the bawling and complaining they're doing now.
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Old March 6th, 2009   #9
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How very droll. No intelligent response or discussion of issues I guess now Dr. Charles Krauthhammer is a member of the vast "right wing conspiracy". There is a conspiracy afoot in this country and it is from george soros and his socialist/commie agenda.
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Old March 6th, 2009   #10
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Ok, George Soros has an agenda. Where's the 'pub's agenda? Criticism is not an agenda. It's a cop out for when you don't have an agenda.
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Old March 6th, 2009   #11
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Ok, George Soros has an agenda. Where's the 'pub's agenda? Criticism is not an agenda. It's a cop out for when you don't have an agenda.
For goodness sake TK, George Soros definitely has an agenda and it is filled with nothing more than criticism. Me thinks you speak with forked tongue.
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Old March 6th, 2009   #12
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More of the same rhetoric from the far right.
Just IGNORE LANDLORD maybe he'll go away
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Old March 6th, 2009   #13
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Yea right, K Down and Obama wont tell any more lies either !!!!!!!!!!
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Old March 6th, 2009   #14
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Just IGNORE LANDLORD maybe he'll go away

No such luck in that happening.
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Old March 6th, 2009   #15
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You boys sure like to play dirty, no wonder no one likes to post on here, name calling, black listing, just more of the good ole boy mentality. Sorry to inform you that is dying breed.
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