It's Your Economy Now Stupid!

Races for the Senate, U.S. House, etc. and other issues of national importance.
you must be joking
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It's Your Economy Now Stupid!

Postby you must be joking » Wed Feb 12, 2014 10:58 pm

Thanks to the rather gutless Repubs, Barak Obama now has the power to spend unlimited amounts of money we don't have. Good for him and the Dem's. But for those of you who are liberal progressive democrats as the old saying goes: "You break it, you own it". It's your economy now stupid. You, Obama and the entire Democratic Party own it. The Repubs just gave the Pres. the power to spend whatever he wants with no strings attached. Dem's better hope like hell he doesn’t screw it up like he already screwed up Obama Care.

But hey, don't worry, after Obama and the Dem's get done trashing America's economy you can always call your new masters in China on your Obama phone for instructions on what they expect from you, one of their new peasants, now that they own you.

Detritus
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Re: It's Your Economy Now Stupid!

Postby Detritus » Wed Feb 12, 2014 11:18 pm

It is indeed a horrific development to see the Republican-led House willing to pay the bills it has incurred through the budgets that originate in that body. What is this world coming to?

peripat
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Re: It's Your Economy Now Stupid!

Postby peripat » Wed Feb 12, 2014 11:46 pm

Oh heck, joking has that deadbeat mindset- don't pay your bills.
I'm not really sure how s/he thinks that is supposed to benefit the country, but I guess the rest of the world already thinks we are a joke anyway, so we might as well be blatant.
Who would have ever thought that the Republican party would find not meeting our obligations to be so compelling? - you'd almost think they were trying to overthrow the government.

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Re: It's Your Economy Now Stupid!

Postby Mad Howler » Thu Feb 13, 2014 12:11 am

you must be joking wrote:Thanks to the rather gutless Repubs, Barak Obama now has the power to spend unlimited amounts of money we don't have. Good for him and the Dem's. But for those of you who are liberal progressive democrats as the old saying goes: "You break it, you own it". It's your economy now stupid. You, Obama and the entire Democratic Party own it. The Repubs just gave the Pres. the power to spend whatever he wants with no strings attached. Dem's better hope like hell he doesn’t screw it up like he already screwed up Obama Care.

But hey, don't worry, after Obama and the Dem's get done trashing America's economy you can always call your new masters in China on your Obama phone for instructions on what they expect from you, one of their new peasants, now that they own you.

Well, some economists suggest that the pump has been primed for an influx of cash (at a historically low interest rates) for much needed public work. Although, I think some political players have seen to the passing of that moment.
Interestingly, other economists keep charging at the failed ideas that benifit the few-
http://www.economist.com/news/leaders/2 ... property-9

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Re: It's Your Economy Now Stupid!

Postby wack wack » Thu Feb 13, 2014 9:30 am

you must be joking wrote:It's your economy now stupid. You, Obama and the entire Democratic Party own it.


It's moving forward despite Republican interference, no shame there.

Do you see or hear liberals running from "Obama's economy"? I don't.

The fact that you're not happy with it suggests we are moving in the right direction.

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Re: It's Your Economy Now Stupid!

Postby rabble » Thu Feb 13, 2014 9:48 am

Do you mean "It's your economy, now stupid" or "It's your economy now, stupid?"

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Re: It's Your Economy Now Stupid!

Postby DCB » Thu Feb 13, 2014 10:51 am

rabble wrote:Do you mean "It's your economy, now stupid" or "It's your economy now, stupid?"

He means, "the House GOP has completely abdicated from responsible governing, yielding control over the economy entirely to the Dems; now I feel stupid".

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Re: It's Your Economy Now Stupid!

Postby Stella_Guru » Thu Feb 13, 2014 12:07 pm

wack wack wrote:Do you see or hear liberals running from "Obama's economy"? I don't.

Whenever they are spouting "jobs" or any other form of corporate/authoritarian control over livelihoods, run.
Last edited by Stella_Guru on Thu Feb 13, 2014 12:08 pm, edited 1 time in total.

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Re: It's Your Economy Now Stupid!

Postby pjbogart » Thu Feb 13, 2014 12:08 pm

I think "you must be joking" must actually be joking, or perhaps he's never actually read the Constitution.

Section 1. The Constitution of the United States of America. Article 1, Section 7. [1] All Bills for raising revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other bills.

Section 8. [1] The Congress shall have the Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States; (it goes on to list a great many specific areas where the Congress may spend money).

This is why the House of Representatives is often referred to having "the power of the purse". Taxing and spending is the responsibility of the House of Representatives. The President, being the chief executive, simply executes the laws that the House of Representatives passes (after approval by the Senate, of course).

John Boehner and congressional Republicans certainly have a great deal of power to reduce the deficit in ways that the Senate is sure to approve and the President is willing to sign. For instance, tightening corporate tax loopholes and doing away with oil subsidies are guaranteed to be approved and provide immediate and substantial deficit reduction. The problem is that congressional Republicans have a narrow focus, choosing instead to only reduce spending that benefits young, poor or elderly citizens. Republicans are intransigent. They refuse to negotiate for common sense solutions to our fiscal problems. Instead they abdicate their responsibilities and then convince people like "you must be joking" that Republicans are completely without fault and that all problems are to be blamed on the President.

Unfortunately for John Boehner there are a great number of Americans who can read and think for themselves.

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Re: It's Your Economy Now Stupid!

Postby jonnygothispen » Thu Feb 13, 2014 5:32 pm

http://www.cbpp.org/cms/?fa=view&id=3849

Federal deficits and debt have been sharply higher under President Obama, but the evidence continues to show that the Great Recession, President Bush’s tax cuts, and the wars in Afghanistan and Iraq explain most of the deficits that have occurred on Obama’s watch...

The goal of reining in long-term deficits and debt would be much easier to achieve if it were not for the policies set in motion during the Bush years. That era’s tax cuts... and the wars in Iraq and Afghanistan will account for almost half of the debt that we will owe, under current policies, by 2019.[1] By contrast, the economic recovery measures and financial rescues will account for just over 10 percent of the debt at that time.


http://www.marketwatch.com/story/obama- ... 2012-05-22

WASHINGTON (MarketWatch) — Of all the falsehoods told about President Barack Obama, the biggest whopper is the one about his reckless spending spree...

... Although there was a big stimulus bill under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s.

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Re: It's Your Economy Now Stupid!

Postby Ned Flanders » Thu Feb 13, 2014 6:15 pm

We're all victims. Please help us. Let our children and grandchildren pay the bill.

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Re: It's Your Economy Now Stupid!

Postby kurt_w » Thu Feb 13, 2014 6:30 pm

Ned Flanders wrote:We're all victims. Please help us. Let our children and grandchildren pay the bill.

That was certainly Reagan's philosophy.

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Re: It's Your Economy Now Stupid!

Postby nutria » Fri Feb 14, 2014 8:58 am

The original post in this thread is nothing but a series of parroted catchphrases which belie TMBJ's profound misunderstanding of exactly what the debt limit is, and how spending works in the US, as laid out by the Constitution. All of this is explained well by other posters in the topic. Except for Ned, who can't seem to get his mind off of children. Interesting.

you must be joking
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Re: It's Your Economy Now Stupid!

Postby you must be joking » Sat Feb 15, 2014 2:12 pm

nutria wrote:The original post in this thread is nothing but a series of parroted catchphrases which belie TMBJ's profound misunderstanding of exactly what the debt limit is, and how spending works in the US, as laid out by the Constitution. All of this is explained well by other posters in the topic. Except for Ned, who can't seem to get his mind off of children. Interesting.


nutria,

Who said this: "The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is ‘‘trillion’’ with a ‘‘T.’’ That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion.......... "Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘‘the buck stops here.’’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit."

Wanna guess?

You will find the answer as being the current office holder of the Presidency of the United States, Barak Obama. He gave this speach in 2006. You can find it at the following link: http://www.redstate.com/diary/alanjoelny/2013/01/15/full-text-of-obamas-speech-against-raising-the-debt-ceiling-in-2006/

In that speach the then Senator, now President stated: "The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure." And "America has a debt problem and a failure of leadership. Americans deserve better." By his own words spoken as a Senator he has said he has failed as President for under his leadership our national debt is now just over 17 Trillion. Check it out for yourself. http://www.usdebtclock.org/

He also has said in regards to Obama Care: "If you like your Doctor you can keep your Doctor and if you like your plan you can keep your plan; words that we now know to be total bullshit. The one salient fact that we have derived about Obama from Obama Care is that his policies like his Presidency don’t work. Point in case is that the Obama Care law itself has been changed many times by Obama himself, something he is not authorized to do under the Constitution, see link: http://legalinsurrection.com/2014/02/obamacare-political-delays-in-one-infographic/ So why wouldn't I believe that he will totally screw up the economy when he has shown an immense propensity to lie and to write into or change the law as he pleases without Congressional approval? More important: Why do many of you continue to believe him?

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Re: It's Your Economy Now Stupid!

Postby snoqueen » Sat Feb 15, 2014 4:04 pm

Grandstanding about the debt limit is done by both parties routinely. At the same time, responsible senators on other sides of the aisle make sure, time after time, that the debt limit is raised and the country does not default, taking the world financial system down with it. Just this past week, four unnamed Republican senators quietly changed their votes so, once again, the US could pay its obligations.

http://www.washingtonpost.com/opinions/ ... ml?hpid=z3

This stuff goes to all the time -- big speeches and quieter votes. Neither party stays far from the edge of the drama. Collectively, each side tries to protect its more vulnerable members and gain, or keep a majority. If you're genuinely outraged about something Obama said years ago as a senator, you ought to be even madder about those four senators who last week anonymously went against their party's rhetoricians and changed their votes.

But you aren't, of course.


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