Obama good for the economy ?

Discussion in 'Economics' started by riddler, Jan 6, 2013.

  1. jem

    jem

    Obama is a job and gdp destroyer.
    Raising taxes destoys gdp... his own adviser Romer did a big study on it.

    My wife is hearing that paychecks are going down substantially because of healthcare costs.
     
    #11     Jan 7, 2013
  2. jem

    jem

    spoke with a client this morning.

    his pay check is down 1000 a month.
    He makes good money.

    spoke with another guy... executive at a big employer...
    costs are up big with obamacare...

    this is not going to be good for the economy.
     
    #12     Jan 8, 2013
  3. maybe so

    but it wasn't that good for the economy when they were making a lot of money either
     
    #13     Jan 8, 2013
  4. zdreg

    zdreg

    if the market goes up more than inflation then everything is fine in the short term. i am also stating that hyperinflation is not acceptable under any condition.
    my personal view is that no inflation should be tolerated.
     
    #14     Jan 8, 2013
  5. rich people make money by taking it from poor people

    that's what makes a vibrant economy

    when poor people have no more money to take

    rich people don't have anything to do

    and the economy stagnates
     
    #15     Jan 8, 2013
  6. zdreg

    zdreg

    is that what happened in the USSR?
     
    #16     Jan 8, 2013
  7. Maybe if enough peoples' check is smaller, they will finally wake up and question their support of Odumbo... not that their changing their little minds will do us any good NOW...


    :mad:
     
    #17     Jan 8, 2013
  8. no, they forgot about the part of the rich taking it from the poor

    give me some poor suckers with some money from the government

    and I can make a business

    and just like monopoly, about every forty years, we cash in and start a new game
     
    #18     Jan 8, 2013
  9. jem

    jem

    that is one model...
    the other model is the one we had, we had a very fluid class structure in america. it is what made us great and wealthy.
    where the poor could become the rich.

    its very hard to do that with oppressive taxes.
    taxes prevent the accumulation of captial.
    its why walls street and buffett types prefer crony captalism... it keeps out the competitors.
     
    #19     Jan 8, 2013
  10. and how's that working out for you?
     
    #20     Jan 8, 2013