What is Obama's plan?

[Tidewater_Wave]

1 Put us as far into debt as he can.
2 Destroy our national defense and security while making it look like he's strong on defense.
3 Being tougher on the GOP than he is on terrorism.
4 Tuck Fort Hood under the rug.
5 Look the other way at an underwear bomber.
6 Take the side of foreign dictators over freely elected leaders.
7 Redistribute the wealth.
8 Cause electricity prices to necessarily skyrocket.
9 Sing
10 Play basketball
11 give harmonious speeches
12 send wife on $180,000 cruises
13 Prevent job creation by vetoing the keystone pipeline.
14 Hang out with Bill Ayers and start a political career from his basement.
15 Sit in the church of Jeremiah Wright.
16 Mandate what we eat.
17 Mandate which health care policies we have.
18 Advocate class warfare to cause division within the greatest nation on earth.
19 Get involved with the Cambridge Police.
20 Fight a war based on Rolling Stone Magazine rather than the generals' information.
21 Appear on MTV to get the younger voters' support regardless of their political knowledge.
22 Repeat the 1932 Democratic Playbook on economics.
23 Use scare tactics regarding the GOP being in the white house again.
24 Compare everyone in the GOP to George W. Bush.
25 Sue everyone who disagrees with him on immigration.
26 Make sure not to wear the American Flag pin.
27 Vote present.

[Tidewater_Wave]

How is Obama going to pay for all the things he's giving to people? We're already in Trillions of dollars of debt, and unless he cuts things raising taxes won't be enough without making things more ridiculous then they already are. The only reason I think Obama will win is that he's a Democrat, and no one wants the moral values of Conservatives forced upon them.

The same way Romney's going to pay for his 20% across the borad tax cut?

You don't understand that the more money kept in the private sector, the more likely jobs will be created somewhere along the line do you? You probably think that the government should look at our money first and determine how much we can keep and what we can do with it as if they're the parents and our wages are our allowance. This didn't work for Greece or the Soviet Union or Maryland.

[Tidewater_Wave]

How is Obama going to pay for all the things he's giving to people? We're already in Trillions of dollars of debt, and unless he cuts things raising taxes won't be enough without making things more ridiculous then they already are. The only reason I think Obama will win is that he's a Democrat, and no one wants the moral values of Conservatives forced upon them.

The same way Romney's going to pay for his 20% across the borad tax cut?

You don't understand that the more money kept in the private sector, the more likely jobs will be created somewhere along the line do you? You probably think that the government should look at our money first and determine how much we can keep and what we can do with it as if they're the parents and our wages are our allowance. This didn't work for Greece or the Soviet Union or Maryland.

Corporations have been setting on trillions the past few years.  Our problem is a lack of demand since money has become tight due to the housing crisis.

Yep it's all a conspiracy! Those damn fat cats, how dare they! I bet they're losing money just so the economy stays behind and people blame Obama. Folks this ^^ is the mentality that our party and country is up against. The leftwing conspiracy theorists who think that those who have a little more money only do so because they've screwed people over. Of course it can't be simply because they're success has been from wise decisions and an understanding of how the economy really works. NO!!! It's because those damn lousy fat cats are sitting on what should rightfully be our's. Folks, this is the domino effect of electing Obama president as his class warfare and socialist ideology has TRICKLED DOWN our nation.

[Tidewater_Wave]

Please stop the rhetoric. It's for your own good.

Democrats have a habit of labeling the Republicans' views as nothing but rhetoric and then demand another solution. I know what game you're playing. The problem is that every single line of my answer is accurate. It comes off as absurd because Obama is absurd in his politics. I guess if a Republican says something it's rhetoric? Please describe for me IN DEPTH DETAIL how it was rhetoric and then state why you disagree with me.

[Tidewater_Wave]

Yep it's all a conspiracy! Those damn fat cats, how dare they! I bet they're losing money just so the economy stays behind and people blame Obama. Folks this ^^ is the mentality that our party and country is up against. The leftwing conspiracy theorists who think that those who have a little more money only do so because they've screwed people over. Of course it can't be simply because they're success has been from wise decisions and an understanding of how the economy really works. NO!!! It's because those damn lousy fat cats are sitting on what should rightfully be our's. Folks, this is the domino effect of electing Obama president as his class warfare and socialist ideology has TRICKLED DOWN our nation.

What is it with you right-wingers and the endless need to spout complete utter crap?

All I did was directly state what all Democrats want us to think. I agree it's utter crap.

[Tidewater_Wave]

If that youtube is what Democrats really think the Republicans are saying, then they should play that at their convention.

[Tidewater_Wave]

I don't like name calling either. I appreciate your compliment there but let's save name calling for polticians and celebrities.

[Tidewater_Wave]

Seriously, any one who worships at the Altar of Supply-Side is in no position to criticise Obama on debt. Most of increase since 2009 being a consequence of the 'Great Recession' rather than the modest increases in spending NECESSARY to counter it. Most of the increases, under Bush 43, on the other hand, was a direct consequence of his policies

Obama has tripled the debt Bush put us into. I never said I was a fan of Bush or stated my positions on any of Bush's policies. My views are traditional low taxes, free trade, anti-tariff, balanced budget, and right to work economics with safety nets such as social security and medicare.

[Tidewater_Wave]

Obama has tripled the debt Bush put us into.

Sorry, but no.  Total US Federal Government debt on 12/31/08: $10.7 trillion.  Total US Federal Government debt on 12/31/11: $15.1 trillion.  Source: http://www.skymachines.com/US-National-Debt-Per-Capita-Percent-of-GDP-and-by-Presidental-Term.htm

Did you mean deficit?  Couldn't have... Bush's last budget deficit: $1.4 trillion for FY 2009*.  Obama's highest deficit so far: $1.327 trillion.  Source: http://www.usgovernmentdebt.us/federal_deficit_chart.html

*The 2009 deficit was a joint effort between Bush and Obama (not really; congress has the most power here, but if you insist on blaming presidents...).  Most of that effort was Bush's, given that the 2009 budget passed in October 2008.  FY 2009's spending was therefore basically set in place before Obama took office.  Also worth noting: the deficit was expected to be $400 billion, but the deficit was inflated about $245 billion from bailouts (A Bush act) and $200 billion from economic stimulus (An Obama act).  The remainder of the excess was the result of a $600 billion difference between expected tax revenues and actual.

I said he tripled the debt from Bush as in the debt accumulated during the Bush administration.

[Tidewater_Wave]

Yep it's all a conspiracy! Those damn fat cats, how dare they! I bet they're losing money just so the economy stays behind and people blame Obama. Folks this ^^ is the mentality that our party and country is up against. The leftwing conspiracy theorists who think that those who have a little more money only do so because they've screwed people over. Of course it can't be simply because they're success has been from wise decisions and an understanding of how the economy really works. NO!!! It's because those damn lousy fat cats are sitting on what should rightfully be ours. Folks, this is the domino effect of electing Obama president as his class warfare and socialist ideology has TRICKLED DOWN our nation.

Such is precisely the idea behind Ayn Rand's Atlas Shrugged -- that if the rightful masters of the common folk find us inadequately appreciative of their 'generosity' and 'wisdom', then they can take their portable wealth, go off to resorts, and simply wait for the rest of us to fail... and beg for their return at abject terms for ourselves when we starve due to our incompetence. Few people show less confidence in the common man than Ayn Rand does.  It will be called the definitive freedom -- but it will in fact be serfdom for most of us. Economic inequality will be as severe as that on a typical ante-bellum plantation if at a higher level of technology.

The vertically-integrated corporations and bureaucratic elites within those corporations are in fact largely novelties in American history. The American economy became great because largely of small-scale businesses with the only large ones being the US Mail, DuPont, and the railroads.  Then came the regulated utilities, auto makers, and appliance manufacturers (not too bad!)

If the price for achieving social justice were a return to the economic norms of the 1950s -- complete with high graduated taxes on very high incomes -- would you accept it? No, we wouldn't have to return to the unsafe cars and now-primitive electronics of the time, let alone the awful cuisine. That genie is out of the bottle and will not return. We would have a more honest form of capitalism than we have now.   Maybe our consumer goodies would be more expensive... but as I recall people liked what they had back then.   

 

You actually make some good points in this but there's other ways to do it. There were problems with the 1950's as well but they were far and few between compared to now. I have no problem with anyone taking vacations at resorts because doing so creates jobs at resorts. See how no matter how money is spent, it creates jobs. The corporate and federal income taxes are the biggest hurdles we face though.

[Tidewater_Wave]

@Tidewater_Wave, Politico and BYUmormon, please, explain something to this foreigner who is kinda lost about you guys:

- the policy of the Republican Party, during Bush43, destroyed your economy;

I did not support the Bush Administration, but the above is hogwash. The removal of Glass-Steagall was signed by Clinton. The Community Reinvestment Act was passed by Democrats before Reagan was even president, and it was strengthened under Clinton. Most of the lawsuits filed, or threatened to be filed, against banks for not giving out loans to minorities were undertaken by lawyers affiliated with the Democratic Party.

There are plenty of discussions about the sub-prime mortgage crisis in the Economics Forum (In short, various policies/measures passed by both aisles over the past few decades created the incentives that led to the poor results, with poor oversight by the bureaucracies in the process). The line "the Republican Party/Bush destroyed the economy" is about as true as "Bush caused the high gas prices." Comments like that make for great politics, and this year the shoe will be dropping on the other side (i.e., on Obama for high gas prices, stagnating eocnomy, etc.), but they are not well-grounded in reality.

Ah yes well when banks are forced to provide loans to people who have no intention of paying them back, what happens is that they lose that money. Eventually money is going to run out to provide loans and the lenders have to start taking back homes that are under water. In order to prevent this the Democrats in congress and the Bush Administration put together a bail out that included the eating patterns of snails and wool studies in the bill. I guess those were just so important that they had to be in there at the time along with a nice deal for the train company that Joe Biden rode into D.C. Anyways, the situation could've been prevented had we done nothing at all in the way of trying to help people who couldn't pay the loans back in the first place rather than allowing them to be set up for failure when they buy a home for $300,000 with only $20,000 to put down. Had Carter and Clinton done nothing at all, we wouldn't have the debt that was the result of this mess. I don't want to hear anyone bringing up debt from other administrations on this thread either because that's not the topic now. Believe it or not, in 2003, Bush called on congress to act on the forseen situation and they sat around on it and McCain had his own bill for the housing industry in 2005. The situation was forseen but not brought to attention until perfect timing just before the 2008 election in order to form the opinion in the uninformed who decide elections that "greedy fat cats are taking our money" or something stupid like that. Interest rates were also very low from 1996-2008 and that's going to hurt money earned by lenders crippling them to lend more in the future. Also, thank Barney Frank and Chris Dodd for not dealing with this issue as they were getting sweet heart deals from Fannie and Freddie while keeping the issue under the rug in congress. Now the Democrats will whine about a private citizen named Newt Gingrich who was getting deals around 2007, but they won't be able to call him a congressman of the time who was taking advantage of the system while in office.

[Tidewater_Wave]

If you listen to his speeches in 2003, you'd know his plan is to have a single payer universal healthcare system.

[Tidewater_Wave]

The banks would have been in good shape if the only loans that went bad in their portfolio, were "forced" loans. It was the "unforced" errors as it were that did them in. Some of them for example dabbled in securitized loans, where they really had no idea what was in them, relying in part on credit ratings, by agencies that had arguably been corrupted because they got more business by issuing generous ratings.

To blame the bulk of the cause of the collapse of the financial industry on government mistakes, rather than the industry's own mistakes, to me is something close to akin, to use a rather strong term here ... a whitewash.

Greed . Pure and simple

Greed to want to keep your own money? Please describe for us in depth detail how that is so.

[Tidewater_Wave]

I partly agree with you again brower. I disagree about tax cuts in times of war though. Bush did advocate an ownership society, but the bad loans go back to 1996 when Clinton furthered Carter's plan that trapped lenders into shelling out money they weren't likely to get back. Interest rates again were very low. Bush did try to stop the forseen conclusion of what happened in September 2008 a few years in advance.