Obamanomics

[Tiberius]

Reading comprehension is not your strong suit.

 

What does Bush have to do with the question that he asked you?

 

It has everything to do with it. Bush cut rates, right? And revenue fell, correct?

 

That proves his premise wrong.

 

B.O.'s a misogynist pursuing a war on women. He pays them 77¢ on the dollar compared to men working in the White House. He's a sexist pig.

 

Funny!

[Chef Jim]

It has everything to do with it. Bush cut rates, right? And revenue fell, correct?

 

That proves his premise wrong.

 

I bet you wear loafers.

[Tiberius]

I bet you wear loafers.

 

So, once again, you ain't got nothin

 

[3rdnlng]

For people too stupid to look it up themselves:

 

http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=200

[Chef Jim]

So, once again, you ain't got nothin

 

 

Then again there's velcro.

[keepthefaith]

It has everything to do with it. Bush cut rates, right? And revenue fell, correct?

 

That proves his premise wrong.

 

 

 

 

http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=200

 

Bush taxes cuts fully phased in 2003. Take a look at tax receipts 2003-2008. Pretty damn nice increase during that time even with all tax brackets paying a lower rate. Good grief does that suggest that when people get larger paychecks that they spend that money which generates economic activity and more tax revenue to the government? Of course people have to have jobs for that to happen. If you want to spend some quality time with the info in the link and also look at the history of tax rates over several decades, you might be quite perplexed by what you see. Hint, it will cast substantial doubt on your belief system.

 

Now in your world we should increase tax rates (only on some people of course) and then the government should hire people to build stuff or find other ways to give it to others which will make the economy grow because we all know that the rich hoard money in their mattresses and keep it away from others. They don't invest or spend it. Since Republicans refuse to do the patriotic thing and raise taxes (leaving the rich with thick mattresses), then the government has no choice but to borrow and print the damn money needed because the rich refuse to part with it. In your world, the government gets to decide who gets what and the government can take from those that earned it to satisfy the needs of others. After all, it's only "fair". How much tax revenue would be generated by this "fair" society? More or less?

[B-Man]

PEW: Obama’s Second-Term Slide Continues. 65% Disapprove of his Handling of Economy.

 

 

 

WAR ON WOMEN:

 

 

 

MSNBC.com Spins October Job Numbers for Obama; Ignores New Low in Female Workforce Participation

 

Women's participation in the workforce is at a new Obama-term low -- 56.9 percent -- according to the October unemployment report released by the Bureau of Labor Statistics (BLS) today. What's more, Ali Meyer of NewsBusters sister site CNSNews.com noted today, the number of women holding jobs declined by 357,000 from September to October, and the unemployment rate increased for women from 6.7 percent to 6.9 percent

Read more: http://newsbusters.org/#ixzz2k6ZzS25L

[3rdnlng]

So, Gatortard gets refuted and slinks away again with his tail between his legs.

[B-Man]

The collapsing ObamaEconomy?

 

“At the start of the new year, our economy might just be looking at a collapsing insurance industry, declining consumer spending, rising underemployment, and a shrinking labor force — all at once.”

 

 

 

 

.

[Nanker]

The collapsing ObamaEconomy?

 

“At the start of the new year, our economy might just be looking at a collapsing insurance industry, declining consumer spending, rising underemployment, and a shrinking labor force — all at once.”

 

.

Forward! He will not rest until he's eradicated the middle class and made 80% of the American people beholding to the government for their basic subsistence.

Edited November 11, 2013 by Nanker

[B-Man]

Isn't this kind of an admission that the the Obama 'recovery' stinks ?

 

“The Obama administration on Friday came out strongly in support of extending long-term unemployment insurance past its current expiration date.”

 

 

 

 

Study: Demand for Legal Work Down 5 Percent This Year.

 

 

 

WALTER RUSSELL MEAD: With Obama Weakened, His Trade Initiatives Are In Trouble.

Congress is essentially giving trade negotiators a license to make commitments that involve substantial changes in US domestic policy. TPA does more than facilitate trade negotiations; it transfers power from the legislative to the executive branch.

 

That is problematic for Constitutional theoreticians. And in a very practical sense this is a problem for Congressional representatives. Laws that affect important industries are Congress’ bread and butter. Literally. Laws like that attract lobbyists and campaign contributions. Industry desperately wants influence over bills that affect the basic regulations of their business, so a nice juicy regulatory bill is a kind of ATM for Congressional representatives yielding lots of campaign contributions. TPA shifts all the discretionary power to the White House, however. All those lobbyists that want to influence the content of a trade deal that covers hundreds of industries and issues, will ignore Congress and descend on the executive branch.

 

The move by two-thirds of House Democrats to oppose giving Obama TPA is a revolt against this surrender of power and money to the White House, and it is a sign that the Obamacare rollout among other things has weakened the President’s hold on his own party.

[Tiberius]

Good news!

 

http://www.bloomberg.com/news/2013-12-04/trade-gap-in-u-s-shrank-in-october-on-record-exports.html

 

 

 

 

 

 

 

The trade deficit in the U.S. narrowed in October for the first time in four months as exports climbed to a record.

The gap decreased 5.4 percent to $40.6 billion from a $43 billion shortfall in September that was larger than previously estimated, the Commerce Department reported today in Washington. The median forecast in a Bloomberg survey of 63 economists called for a $40 billion deficit.

Sales of goods to China, Canada and Mexico were the highest ever, pointing to improving global demand that will benefit American manufacturers. In addition, an expanding U.S. economy is helping boost growth abroad as purchases of products from the European Union also climbed to a record in October even as fiscal gridlock prompted a partial federal shutdown.

“We are starting to see some recoveries abroad, and in general, stronger global growth is going to lead to a pick-up in export growth over time,” Jay Bryson, global economist at Wells Fargo Securities LLC in Charlotte, N.C., said in an interview. “Consumers are two-thirds of the economy, and consumer spending continues to grind higher. All components of domestic demand outside of the government are growing.”

[DC Tom]

Good news!

 

http://www.bloomberg...rd-exports.html

 

Isn't that bad news? I thought government spending drove GDP growth.

[Tiberius]

Isn't that bad news? I thought government spending drove GDP growth.

 

Dove a share of growth you doof. Growth would be even higher if government hired more people.

[B-Man]

THE HILL: Dem Proposes Taxing Drivers By The Mile.

 

 

 

 

 

SURVEY SAYS: Dems Are The Out Of Touch Extremists.

 

“The public overwhelmingly believes the country is headed in the wrong direction, that current economic policies aren’t working, that President Obama is doing a bad job, that government should be smaller and that ObamaCare should be repealed. But not Democrats. On issue after issue, in fact, Democrats are the outliers by wide margins, according to an analysis of the December IBD/TIPP survey.”

 

 

 

 

 

NEW FRONTIERS IN LEGISLATIVE BLACKMAIL:

The Service Employees International Union is sponsoring ballot initiatives in California and Oregon that would cap executive pay at hospitals and limit how much customers can be charged. But what does this have to do with the workers? you will ask. The answer is nothing, directly. Instead, the ballot initiatives are bargaining chips.

If the hospitals will “work with” the union, the SEIU will back off the ballot initiatives

, which threaten hospital profits.

 

 

Hey, I have an idea: How about legislation saying that union officials can’t make more than 4 times the pay of their lowest-paid member? That seems fair — and, unlike rules for employers, it even polices a potential conflict-of-interest. Start pushing that one!

 

 

 

 

[keepthefaith]

Dove a share of growth you doof. Growth would be even higher if government hired more people.

 

There's always that question of how do you pay for those extra people?

[Azalin]

There's always that question of how do you pay for those extra people?

by taking even more money out of circulation via taxation, of course. apparently, the more the feds spend, the better for everyone, regardless of the economic drain.

[Tiberius]

The collapsing ObamaEconomy?

 

“At the start of the new year, our economy might just be looking at a collapsing insurance industry, declining consumer spending, rising underemployment, and a shrinking labor force — all at once.”

 

 

 

 

.

 

You can only hope the economy falls apart!

[Koko78]

There's always that question of how do you pay for those extra people?

 

Taxing the wealthy and their corporate jets, duh!

[B-Man]

President Obama, in remarks about the economy today, said,

"The combined trends of income inequality and decreasing (economic) mobility pose a fundamental threat to the American dream, our way of life, and what we stand for around the globe."

 

He then called for— drum roll

 

– a higher minimum wage,

 

repeal of the sequester,

 

and extension of unemployment compensation benefits.

 

And he stressed that Obamacare will boost the economy.

 

.

 

 

 

It doesn’t appear to have dawned on the president yet that we’re entering the sixth year of the Obama presidency.

 

.

Edited December 4, 2013 by B-Man