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Obama's "Net spending Cut"

Discussion in 'BBS Hangout: Debate & Discussion' started by basso, May 19, 2009.

  1. basso

    basso Member
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    and this is important because...?
     
  2. rocketsjudoka

    rocketsjudoka Member

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    What sort of motive are you looking for? Have you considered that maybe he is doing what he thinks is best for the country?

    There is a lot I diagree with Obama about and I also am very uneasy about the very unbalanced budget that is coming out of this but I don't think he has done anything yet that would warrant suspecting some hidden motive.
     
  3. pgabriel

    pgabriel Educated Negro

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    no there wasn't an uproar over florida after al gore conceded the election. yes, florida was disputed, but afterwards people pretty much accepted that bush was president.

    could you imagine if we had that situation with obama? the wingers would still be submitting lawsuits, hell they are still challenging obama's citizenship
     
  4. basso

    basso Member
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    and the nut roots are still whining about florida, including many frequent posters here.
     
  5. JLEW1818

    JLEW1818 Member

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    I don't get how spending trillions of dollars is going to really help? Trillions of dollars that we don't really have.

    "Spread the wealth" is his main motive, and I don't understand that part.

    He's taking a huge gamble by spending all this money, but i guess maybe it's a gamble worth taking? idk.

    So I guess his motive is, "as long as people think I tried to help the less fortunate"?
     
  6. FranchiseBlade

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    Time and time again spending money has shown to help the economy. How is giving most people a tax cut, and putting the tax rates far lower than where they were under Reagan showing that his main motive is spreading the wealth. His policies help almost all small businesses, and lower the tax rates on almost all individuals and families. Even the wealthy who see a slight increase still have lower tax rates than under Ronald Reagan.

    The whole spread the wealth argument doesn't make sense, at least in comparison to other presidents. Any kind of progressive tax system is spreading the wealth.
     
  7. Northside Storm

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    This is important because you're being a bitter old man about Obama's administration receiving so much goodwill.

    Bush received tons more after 9/11 from not only the American people but the world itself. One unsanctioned war and incompetent administration later and it was all gone. It remains to be seen if Obama will squander his political capital but to be bitter because Bush "didn't get his fair share"...eh.
     
  8. rocketsjudoka

    rocketsjudoka Member

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    Spending trillions of dollars is a tried and true way of jump starting the economy by injecting more capital in it. Even under the previous admin. they bought into that philosophy too when the economy started to dive.

    Spreading the wealth may not just be a philosophical end but if the goal is to increase consumer spending it makes sense to have wealth more widely distributed. Obama is certainly interested in seeing a more equitable distrubution of wealth but I'm not sure that would be a primary motive of his. Obama for the most part has been actually far less ideological than people might have expected him to be and he seems more driven by what he believes to be pragmatic. That means jump starting the economy and at a time when private investment isn't flowing he is looking to the government.

    You may not agree with that as a strategy but I'm not sure you say he is purely ideological. In fact liberals like Krugman criticize him for not doing more to distrubute wealth.
     
  9. JLEW1818

    JLEW1818 Member

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    Thank you for the educated response. I hope he can fix things.
     
  10. rocketsjudoka

    rocketsjudoka Member

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    Thanks appreciate it. As I said I don't agree with a lot of what Obama is doing but frankly I have no better solution. I might not like all the spending but if it gets the economy back on its feet I'm not going to complain.

    That said if and when things turn around I'm goign to be looking for some fiscal responsibility..
     

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