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  #16  
Old 11-09-2010, 10:39 AM
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Quote:
Originally Posted by daveuz View Post
Here is where Obama should get up in front of the American people and tell them he has heard them. Then he should demand that the Republicans give the newly elected Tea Party leadership positions so they have a place at the table. Would be fun watching Boehner and Cantor pissing all over themselves putting that fire out. Next , Obama should tell the public , listen we spent a ton of money on 2 wars , the defense budget is over inflated , SS is broke ect ect...and say he making large cuts in spending and is allowing ALL the Bush tax cuts to expire. "Use the phrase , we spent the money now it is time to pay up. One other thing. He should increase the tax on Gasoline in the name of national security.
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  #17  
Old 11-09-2010, 11:33 AM
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Quote:
Originally Posted by daveuz View Post
Here is where Obama should get up in front of the American people and tell them he has heard them. Then he should demand that the Republicans give the newly elected Tea Party leadership positions so they have a place at the table. Would be fun watching Boehner and Cantor pissing all over themselves putting that fire out. Next , Obama should tell the public , listen we spent a ton of money on 2 wars , the defense budget is over inflated , SS is broke ect ect...and say he making large cuts in spending and is allowing ALL the Bush tax cuts to expire. "Use the phrase , we spent the money now it is time to pay up. One other thing. He should increase the tax on Gasoline in the name of national security.
Yep its about time, the government needs to change its policy in regards to spending. First they need to pull us out of these stale wars so we spend less money, that will help the bottom line right away. Than make cuts until it hurts to balance the budget and start paying down the national debt.
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  #18  
Old 11-09-2010, 11:42 AM
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Originally Posted by Hatterasguy View Post
Yep its about time, the government needs to change its policy in regards to spending. First they need to pull us out of these stale wars so we spend less money, that will help the bottom line right away. Than make cuts until it hurts to balance the budget and start paying down the national debt.
No more tax credits for buying a house.
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  #19  
Old 11-09-2010, 11:43 AM
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No, lots of tax credit!
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  #20  
Old 11-09-2010, 11:45 AM
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If you have $10,000 in the bank, it'll only be worth $8000 after this. Ugh.
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  #21  
Old 11-09-2010, 11:48 AM
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Originally Posted by Hatterasguy View Post
No, lots of tax credit!
Only if you pay cash for the place.
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  #22  
Old 11-09-2010, 12:08 PM
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Invite the Head of the Head of the Chamber of Commerce to the White House. The next day announce you are turning the full force of The Dept of Homeland Security loose on employers hiring illegals. Zero tolerance with mandatory fines and or jail time for even first offenders. CEOS are not immune.
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  #23  
Old 11-09-2010, 12:14 PM
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Quote:
Originally Posted by benhogan View Post
Obama needs to make a speech like Jimmy Carter did. Basically tell us how it is.

http://www.youtube.com/watch?v=1IlRVy7oZ58
No one wants to hear it's bad. They want to be lied to and made to feel good. Look at the success of Reagan and Bush Jr. They lied through their teeth and told people all is good.
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  #24  
Old 11-09-2010, 12:16 PM
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Quote:
Originally Posted by daveuz View Post
No more tax credits for buying a house.
No more tax credits for children.
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  #25  
Old 11-09-2010, 12:21 PM
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What would a child do with a tax credit anyway?
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  #26  
Old 11-09-2010, 12:27 PM
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Quote:
Originally Posted by PaulC View Post
What would a child do with a tax credit anyway?
put an eye out?
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  #27  
Old 11-09-2010, 12:28 PM
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Originally Posted by daveuz View Post
Invite the Head of the Head of the Chamber of Commerce to the White House. The next day announce you are turning the full force of The Dept of Homeland Security loose on employers hiring illegals. Zero tolerance with mandatory fines and or jail time for even first offenders. CEOS are not immune.
Wanna run for President?
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  #28  
Old 11-09-2010, 12:30 PM
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I think this guy had a solution.



I bet the Govmint still has a few boxes of these laying around. (They were free for the taking) I'm sure these will work just as well now, as they did then.
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  #29  
Old 11-09-2010, 02:07 PM
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I think you're a bit confused about how the Fed works.

The Fed is entirely apart of the government, however control of the central bank is separated from the main branches of government because this allows the bank to maintain "sound" economic principles by not falling prey to the political pressures of Washington.

Contrary to popular belief, the more independent a central bank is from the government, the lower the inflation is.

http://ideas.repec.org/a/mcb/jmoncb/v25y1993i2p151-62.html
Here is a paper I had to read in one of my monetary policy classes by Alesina and Summers highlighting the trend between more independent and government control banks. Page 155 has some graphs comparing independence vs inflation.

There is a difference between monetary (fed) and fiscal (government) policy.

The Federal Reserve Chairmen and its governors (Bernanke) are hand picked by the president and all report directly to the senate committee on finance. They all have 14 year lengths terms. Their positions have to be confirmed by the Senate and they cannot be removed from their positions due to opinions on policy.

There are a handful of positive things that a less valuable dollar can do for our economy. For starters, it makes US exports cheaper to other countries bolstering the manufacturing sector.

However it can also cause the price of oil to rise since oil is priced in dollars. Cheaper USD to other countries means cheaper oil.

"Good" monetary policy is hard. There are multiple paths one can travel down that can be good, but hurt other industries and since there is no right answer there is no panacea to our economic troubles.
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Last edited by okyoureabeast; 11-09-2010 at 02:17 PM.
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  #30  
Old 11-09-2010, 02:25 PM
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Oil really does not end up cheaper for other countries, the price rise in oil is often merely the balancing out of a drop in the value of the dollar, so the only loser is us, while to other nations the price of oil has, in relation to their currencies, remained the same. Since dependence on foreign oil is at the heart of just about all our problems, I think that's a good thing, and that, like the Europeans, a heavy tax on the stuff should be applied as well.

Most Americans are utterly stupid when it comes to the economy. Health care, for example, is 15% of GDP in the US, and 7% of GDP in Germany. That means Germany has 8% of it's GDP to invest in industries that provide more jobs, while in the US, that 8% is going to fat profits for insurance companies and to general administrative waste. Couple that with Germany's lower dependence on foreign oil, and you can see why we are getting our brains beaten out, our investment capital either goes down the health care rat hole or down the foreign oil rat hole. And we seem powerless to do little about it, except for monetary shenanigans.

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