Front Office Football Central

Front Office Football Central (https://forums.operationsports.com/fofc//index.php)
-   Off Topic (https://forums.operationsports.com/fofc//forumdisplay.php?f=6)
-   -   The Obama Presidency - 2008 & 2012 (https://forums.operationsports.com/fofc//showthread.php?t=69042)

JPhillips 08-18-2011 09:27 AM

Quote:

Originally Posted by larrymcg421 (Post 2515278)
Easier said than done. He's supposed to ram this through a Republican House how?


I don't need him to win against the GOP, but I'd like he and the Dems to actually have a policy agenda. I'm tired of we can't do anything.

larrymcg421 08-18-2011 09:31 AM

Quote:

Originally Posted by panerd (Post 2515280)
Didn't realize Obama was elected in 2010. I thought he had two years to pass his agenda.


And I thought he accomplished some pretty major things in those two years, even against an unprecedented use of the filibuster which forced him to water down several of the things he did get passed.

larrymcg421 08-18-2011 09:38 AM

Quote:

Originally Posted by JPhillips (Post 2515281)
I don't need him to win against the GOP, but I'd like he and the Dems to actually have a policy agenda. I'm tired of we can't do anything.


Well thats fine, I was just taking issue with the word "implemented". I'm pleased with the recent speeches he's made, but I know right now that no matter what he does, he has no chance of getting anything like that passed. Hell, FDR could come back from the grave and couldn't get it done. When Obama can't even get the GOP agree on a 10:1 deal for spending cuts:tax increases, then he's just not dealing with reasonable opposition. Hell, conservative hero Reagan and the Dem Congress agreed to a 3:1 deal in 1982!

panerd 08-18-2011 09:39 AM

Quote:

Originally Posted by larrymcg421 (Post 2515284)
And I thought he accomplished some pretty major things in those two years, even against an unprecedented use of the filibuster which forced him to water down several of the things he did get passed.


I guess DT didn't think he did. I obviously didn't either but I am hardly one of his supporters. Would have loved to see something done about the military industrial complex or torture bay but I guess sending more troops to the Middle East is Nobel Prize worthy. War on drugs, corporate bailouts, energy indepedence, open and honest government... Remind me again what the principles of the Democratic party are?

panerd 08-18-2011 09:42 AM

Quote:

Originally Posted by larrymcg421 (Post 2515292)
Well thats fine, I was just taking issue with the word "implemented". I'm pleased with the recent speeches he's made, but I know right now that no matter what he does, he has no chance of getting anything like that passed. Hell, FDR could come back from the grave and couldn't get it done. When Obama can't even get the GOP agree on a 10:1 deal for spending cuts:tax increases, then he's just not dealing with reasonable opposition. Hell, conservative hero Reagan and the Dem Congress agreed to a 3:1 deal in 1982!


How do you not see this as a failure of leadership? Either the country doesn't want it or he is a weak leader. I have no idea how you could see a third option in there on why he can't do better than a "10:1" cut. If the American public wants it he should have given to them and if they don't want it but it's needed he should give them their medicine. Instead he just bitches about how the GOP won't let him do his job. He's the president of the country not the 436th member of Congress.

larrymcg421 08-18-2011 10:00 AM

Quote:

Originally Posted by panerd (Post 2515294)
How do you not see this as a failure of leadership? Either the country doesn't want it or he is a weak leader. I have no idea how you could see a third option in there on why he can't do better than a "10:1" cut. If the American public wants it he should have given to them and if they don't want it but it's needed he should give them their medicine. Instead he just bitches about how the GOP won't let him do his job. He's the president of the country not the 436th member of Congress.


He can't just implement a tax increase. If you want to argue that he could be a more forceful leader, then I could go along with that, but if he put a bil out there with a tax increase in it, the House wouldn't even vote on it and the Senate GOP would filibuster it.

I'm not all rah rah on Obama. There's a ton of ways he's disappointed me. But I'm also a realist. He's received more difficult opposition than just about any other President. A quick look at the filibuster usage chart bears that out. Even the Dems extreme hatred of Bush didn't lead to the same level of filibusters.

PilotMan 08-18-2011 10:07 AM

Quote:

Originally Posted by larrymcg421 (Post 2515304)
He can't just implement a tax increase. If you want to argue that he could be a more forceful leader, then I could go along with that, but if he put a bil out there with a tax increase in it, the House wouldn't even vote on it and the Senate GOP would filibuster it.

I'm not all rah rah on Obama. There's a ton of ways he's disappointed me. But I'm also a realist. He's received more difficult opposition than just about any other President. A quick look at the filibuster usage chart bears that out. Even the Dems extreme hatred of Bush didn't lead to the same level of filibusters.


His entire presidency boils down to what McConnell said, that the sole goal in all of this for the GOP, public needs be damned, is to make Obama a 1-term president.

rowech 08-18-2011 10:08 AM

I'm not sure what it says that Obama is the most beatable president that I can remember and the Republicans can't find anyone to actually beat him. We've got some real crap to choose from.

Coffee Warlord 08-18-2011 10:20 AM

Quote:

Originally Posted by Mizzou B-ball fan (Post 2515257)
Actually, you could claim just the opposite. The federal investigation has been going on for quite awhile. You could easily argue that S&P was the retaliatory one since they knew they were being investigated long before the downgrade took place.


Fair point. Though I bet that if the S&P did not downgrade them, that investigation would have quietly slipped away with at most a slap on the wrist.

JPhillips 08-18-2011 10:31 AM

JPMorgan lowered their growth forecast by a full point, saying:

Quote:

There are three main reasons for our downgrade. First, the recent incoming data, especially in the US and the euro area, have been disappointing, suggesting less momentum into 2H11 and pushing down full-year 2011 estimates. Second, recent policy errors – especially Europe’s slow and insufficient response to the sovereign crisis and the drama around lifting the US debt ceiling – have weighed down on financial markets and eroded business and consumer confidence. A negative feedback loop between weak growth and soggy asset markets now appears to be in the making in Europe and the US. This should be aggravated by the prospect of fiscal tightening in the US and Europe.

Thank God we're all focused on how much money we should pull out of the economy.

sterlingice 08-18-2011 11:05 AM

Quote:

Originally Posted by Coffee Warlord (Post 2515222)
Heh. That's not retaliatory at alllll. If S&P didn't see this one coming, I'd be shocked.


Considering how bad they are at their job, they need to get more than just a slap on the wrist

SI

Mizzou B-ball fan 08-18-2011 11:05 AM

Quote:

Originally Posted by Coffee Warlord (Post 2515327)
Fair point. Though I bet that if the S&P did not downgrade them, that investigation would have quietly slipped away with at most a slap on the wrist.


Probably right on that as well.

RainMaker 08-18-2011 11:13 AM

Quote:

Originally Posted by larrymcg421 (Post 2515304)
He can't just implement a tax increase.

Actually he could have. He had to sign in the bill to extend the Bush tax cuts.

AENeuman 08-18-2011 11:45 AM

Quick questions (too much Hannity this week):

Is it true Obama's new spending policies are responsible for the increase in debt?

Are there significant economic policies in place now (can see health care down the road) that are radically socialist/left?

What specifically has Obama done that has prevented the continuation of the Bush tax cuts from working (creating jobs)?


I thought i knew the answers to these things but the easiness they are being said and promoted has given me pause. If they are not true, i would think people who have legitimate problems with Obama would also be angered by this rhetoric.

gstelmack 08-18-2011 11:59 AM

Quote:

Originally Posted by JPhillips (Post 2515333)
Thank God we're all focused on how much money we should pull out of the economy.


Yeah, it's not like economists have tried for a couple of decades now to get the public to save more, then started griping when they did :rolleyes:

JPhillips 08-18-2011 12:44 PM

Conditions change. Saving is good during normal conditions, but during a demand crisis the government is the only entity that can fill the output gap.

Swaggs 08-18-2011 01:01 PM

Quote:

Originally Posted by rowech (Post 2515311)
I'm not sure what it says that Obama is the most beatable president that I can remember and the Republicans can't find anyone to actually beat him. We've got some real crap to choose from.


John Kerry says, "hi!" :)

DaddyTorgo 08-18-2011 01:50 PM

Quote:

Originally Posted by AENeuman (Post 2515392)
Quick questions (too much Hannity this week):

Is it true Obama's new spending policies are responsible for the increase in debt?

Are there significant economic policies in place now (can see health care down the road) that are radically socialist/left?

What specifically has Obama done that has prevented the continuation of the Bush tax cuts from working (creating jobs)?


I thought i knew the answers to these things but the easiness they are being said and promoted has given me pause. If they are not true, i would think people who have legitimate problems with Obama would also be angered by this rhetoric.


Watch less Hannity FFS.

1. No. The increase in the debt has been a long-term problem. And all spending is authorized by Congress anyways, so it's really their spending that's running up the debt.

2. Healthcare isn't radically socialist/left. And there aren't any other policies that are radically socialist/left (unless you talk to one of those "all taxes are socialist" wackos).

3. Obama hasn't "done anything" to prevent the Bush tax cuts from working. The fact is that most economists have come to agree that tax cuts do not spur job creation. It's not just true here - it's true overseas in other economies too. It's a fallacy.

Ronnie Dobbs2 08-18-2011 01:55 PM

Quote:

Originally Posted by DaddyTorgo (Post 2515440)
The fact is that most economists have come to agree that tax cuts do not spur job creation. It's not just true here - it's true overseas in other economies too. It's a fallacy.


[citation needed]

The administration itself doesn't agree with you.

DaddyTorgo 08-18-2011 02:43 PM

Quote:

Originally Posted by Ronnie Dobbs2 (Post 2515443)


He was talking about the Bush tax cuts though, which are to higher-income individuals. Tax cuts for higher-income individuals have not been shown to create jobs.

PilotMan 08-18-2011 04:51 PM

Pretty interesting little graph here. Part of this study.

http://www.people.hbs.edu/mnorton/no...in%20press.pdf


Mizzou B-ball fan 08-18-2011 05:33 PM

Quote:

Originally Posted by PilotMan (Post 2515505)
Pretty interesting little graph here. Part of this study.

http://www.people.hbs.edu/mnorton/no...in%20press.pdf



A graph of what Republicans and Democrats think the distribution is would be interesting as well.

JediKooter 08-18-2011 06:06 PM

Quote:

Originally Posted by Mizzou B-ball fan (Post 2515513)
A graph of what Republicans and Democrats think the distribution is would be interesting as well.


I think that was in the PDF. It wasn't too much different in my opinion.

JonInMiddleGA 08-18-2011 07:33 PM

That graph kind of reminds me of the old stories about how many people said they watched PBS versus how many actually watched it.

SirFozzie 08-18-2011 09:37 PM

Tom Coburn: Idiot. The Gabrielle Giffords thing is how long ago, and he says "Thank God I can't bring a gun on the Senate Floor"????

(although in a dark humor moment, I wonder if the NRA will grade him down for that statement)

Coburn: Good thing I can't pack a gun - Reid J. Epstein - POLITICO.com

Edward64 08-19-2011 12:05 AM

In general, I'm sympathetic ... but would prefer if the "guidance" were defined first (e.g. no felons etc.).

Not sure what the hispanic support for Rep vs Dems are, but this will help ... considering hispanics have (or will soon) exceed african americans as the largest (il)legal minority group.

Obama to deport illegals by 'priority' - Washington Times

Quote:

Bowing to pressure from immigrant rights activists, the Obama administration said Thursday that it will halt deportation proceedings on a case-by-case basis against illegal immigrants who meet certain criteria, such as attending school, having family in the military or having primary responsible for other family members’ care.

The move marks a major step for President Obama, who for months has said he does not have broad categorical authority to halt deportations and said he must follow the laws as Congress has written them.

But in letters to Congress on Thursday, Homeland Security Secretary Janet Napolitano said she does have discretion to focus on “priorities” and that her department and the Justice Department will review all ongoing cases to see who meets the new criteria.

“This case-by-case approach will enhance public safety,” she said. “Immigration judges will be able to more swiftly adjudicate high-priority cases, such as those involving convicted felons.”

The move won immediate praise from Hispanic activists and Democrats who had strenuously argued with the administration that it did have authority to take these actions, and said as long as Congress is deadlocked on the issue, it was up to Mr. Obama to act.
:
:
Ms. Napolitano said a working group will try to come up with “guidance on how to provide for appropriate discretionary consideration” for “compelling cases” in instances where someone already has been ordered deported.

Administration officials made the announcement just before Mr. Obama left for a long vacation out of Washington, and as members of Congress are back in their home districts.

The top House Republican on the Judiciary Committee said the move is part of a White House plan “to grant backdoor amnesty to illegal immigrants.”


RainMaker 08-19-2011 12:17 AM

Quote:

Originally Posted by SirFozzie (Post 2515612)
Tom Coburn: Idiot. The Gabrielle Giffords thing is how long ago, and he says "Thank God I can't bring a gun on the Senate Floor"????

(although in a dark humor moment, I wonder if the NRA will grade him down for that statement)

Coburn: Good thing I can't pack a gun - Reid J. Epstein - POLITICO.com

Not in good taste, but I think people get too carried away with that stuff. It's an expression we use all the time.

I found the part where he implied Senior Citizens could pay for their MRIs with Apple Pies.

stevew 08-19-2011 12:37 AM

If we're doing graphs, I really want to see the "Amount politicians get paid in relation to the budget vs. what people think they get paid." Cause it is funny how many people seem to think that we'd be able to balance the budgets if politicians stopped getting paid, or at least had their wages significantly reduced.

PilotMan 08-19-2011 06:23 AM

Well then on top of that Steve, we should look at what they get paid from the US directy. Then how much they actually make through various means, then how much total compensation they receive.

Your right though, here is a facebook post that was nearly worthy of the facebook thread:

Quote:

salary of retired US Presidents .............$180,000 FOR LIFESalary of House/Senate .......................$174,000 FOR LIFESalary of Speaker of the House ............$223,500 FOR LIFESalary of Majority/Minority Leaders ...... $193,400 FOR LIFEAverage Salary of a teacher ................ $40,065Average Salary of Soldier DEPLOYED IN AFGHANISTAN $38,000I think we found where the cuts should be.




Edward64 08-19-2011 06:52 AM

Sad ... my gut tells me its true. I don't blame it all on Obama but it happened on his watch so he owns it.

Pre-Market Report - Aug. 19, 2011 - CNNMoney
Quote:

PIMCO's Gross: Recession inevitable


Edward64 08-19-2011 07:04 AM

Just a scenario.

Wall Street set to follow global stocks lower - Business - msnbc.com
Quote:

Exane BNP Paribas, in a note, said a global recession was far from priced in by financial markets. Another global slump could see corporate earnings plunge 35 percent from peak to trough, implying a 50 percent cut to consensus earnings per share estimates.

The sharp decline in stock markets is expected to have an adverse impact on household wealth, further undermining consumer confidence and demand in coming months. Heightened uncertainty over growth could also see producers delaying decision-making, hitting global output.

Those concerns are likely to see investors cut exposure to stocks, metals and oil, and growth-linked currencies such as the Australian dollar in the coming days, unless the U.S. Federal Reserve signals more quantitative easing or European politicians take decisive actions to stem contagion risk from the euro zone debt crisis.

While investors fled stocks, the price of gold hit a record high of $1,867.30 an ounce, putting it on track for the largest weekly gains since February 2009. The metal has rallied nearly 14 percent so far this month -- its best month since September 1999 -- benefiting from a deluge of safe-haven flows.


SteveMax58 08-19-2011 07:36 AM

Quote:

Originally Posted by Edward64 (Post 2515665)
Sad ... my gut tells me its true. I don't blame it all on Obama but it happened on his watch so he owns it.

Pre-Market Report - Aug. 19, 2011 - CNNMoney


No President ever deserves all of the blame or all of the credit but there is a clear vacuum of economic understanding & leadership at play which is directly (and indirectly) causing instability in the markets, imho.

While I am curious what the Pres will have as a "Jobs Bill" speech...my expectations for it could not be much lower. Simply calling it a "Jobs Bill" is probably the wrong approach in the first place (though I can let it slide until hearing it) as the country needs to have direction outside of "hire people". Giving tax incentives to businesses to hire people when there is no real business incentive for them is basically a different form of welfare. We need to stop this kind of nonsensical policy.

The country needs leadership, vision, and a logical incentive for business to use their cash. You can have 2 of those 3 and probably get by, but you need to have more than 1, for certain.

JediKooter 08-19-2011 10:38 AM

The problem is, we have lawyers running the country instead of business people.

sterlingice 08-19-2011 11:17 AM

Quote:

Originally Posted by JediKooter (Post 2515738)
The problem is, we have lawyers running the country instead of business people.


We have lawyers paid for by business people

SI

Rizon 08-19-2011 11:18 AM

I'd be curious on how this poll would turn out now.

sterlingice 08-19-2011 11:27 AM

Quote:

Originally Posted by stevew (Post 2515644)
If we're doing graphs, I really want to see the "Amount politicians get paid in relation to the budget vs. what people think they get paid." Cause it is funny how many people seem to think that we'd be able to balance the budgets if politicians stopped getting paid, or at least had their wages significantly reduced.


About a year ago, I had a conversation with someone I would qualify as an otherwise fairly intelligent individual who was going on and on about how welfare people are bilking the system and bankrupting our country because they were making tons of money to sit at home. He started making some conclusions and talking about how to solve these problems and the logic just didn't add up.

So I asked him, "How much do you think the average American makes"? His response: $100-200K. Once I had finished shaking my head at him (and it's a bit baffling since neither he nor I make anywhere close to that), I got to thinking "how many more people make horribly faulty assumptions based on numbers like that"?

Is that how you can easily get away with continually saying things like "taxing people over $250K kills small businesses" (because unless your accountant is an idiot, something like that would be incorporated). Or my belief that a significant portion of society is going "no, you can't do things to rich people because I might be among them one day" (yeah, you're not)?

SI

larrymcg421 08-19-2011 11:37 AM

Don't forget earmarks. Man, if we just got rid of those, everything would be solved!

sterlingice 08-19-2011 11:44 AM

Quote:

Originally Posted by larrymcg421 (Post 2515770)
Don't forget earmarks. Man, if we just got rid of those, everything would be solved!


Yeah, I loved John McCain's campaigning against 1% of spending and how that would fix government.

At least earmarks required you to just shunt, say, $500M of the regular transportation budget specifically to your state. Instead, you just attach it to another bill or create an omnibus bill: "Hey, the $500M fund for the Hubert H Humphrey Homeland Security Defense Facility could have gone to any state. We were just lucky that money magically found its way to Minnesota".

SI

Mizzou B-ball fan 08-19-2011 03:37 PM

Quote:

Originally Posted by Rizon (Post 2515761)
I'd be curious on how this poll would turn out now.


FWIW, the poll started pretty positive and has trended negative as the days went on.

Edward64 08-19-2011 10:26 PM

Continuation of health care reform will be a major reason why I lean towards Dems (e.g. but would seriously consider Romney if he comes back into the fold of some sort of serious health care reform). Rooting for you Obama ... make it a reality in 2013.

White House Faces Political Dilemma On Health Law Challenge | FoxNews.com
Quote:

But would they work without the individual mandate? Neither the president nor the critics think it would and that's one reason the administration may want to avoid an early Supreme Court decision.

"Regardless of whether the courts ultimately strike down the entire law, if they strike down the individual mandate as unconstitutional, the reform doesn't hang together and ultimately Congress will have to rework it in its entirety," said former Congressional Budget Office Director Doug Holtz-Eakin.

The president seems to agree, arguing on the campaign trail in Minnesota this week that the new law could not work without the individual mandate.

"If an insurance company has to take you, has to insure you, even if you're sick," the president explained, "but you don't have an individual mandate, then what would everybody do? They would wait until they get sick, and then you'd buy health insurance, right?"

"You can't not have health insurance," the president continued, "then go to the emergency room, and each of us, who've done the responsible thing and have health insurance, suddenly we now have to pay the premiums for you. That's not fair."

So one might think the president has some interest in getting a quick decision from the Supreme Court.

But most analysts believe the White House will try to delay a decision as long as it can-- first, by asking the full appeals court to rehear the case, which could postpone a final decision there for months. Then, the administration could take the maximum time to request Supreme Court consideration, hoping to push a final decision past the 2012 election.

"It's not a politically-winning issue for them," Powers said. "All anybody cares about right now are jobs and economic growth and they don’t want to be reminded about health care."


PilotMan 08-19-2011 10:58 PM

Quote:

Originally Posted by AENeuman (Post 2515392)
Quick questions (too much Hannity this week):

Is it true Obama's new spending policies are responsible for the increase in debt?

Are there significant economic policies in place now (can see health care down the road) that are radically socialist/left?

What specifically has Obama done that has prevented the continuation of the Bush tax cuts from working (creating jobs)?


I thought i knew the answers to these things but the easiness they are being said and promoted has given me pause. If they are not true, i would think people who have legitimate problems with Obama would also be angered by this rhetoric.


I thought that this was a legit set of questions and I didn't want it left by the wayside.

1) Techincally, the President signed the Stimulus bill which spent a lot of money that we didn't have in order to try and prevent a full blown depression. Any president would have signed a bill of that magnitude, because they all knew that the alternative would have been a long slow decline of the economy. The Republicans have been squaking about the size of it and how it has burdened the economy ever since it was singed. Hindsight is always 20/20, and we have the privilege of saying that it was the worst choice ever because we didn't dive into a depression.

2) The policies that they are talking about besides the healthcare bill which is in no way socialist, are the government bailouts of the auto industry and banking industry. Money that was spent to keep small businesses, suppliers and to prevent a further escalation of the financial crisis. Had everything been allowed to fail, the US would have no auto industry at all, and any future competitor would need a full generation to catch up. Had all the banks been allowed to fail all this current finger pointing would be needless because we would be looking for who to fire for not having done what we did. Oh, and Bush II started this whole process with the first round of bailouts, which is a conveniently forgotten fact.

3) Businesses are making money hand over fist, and not spending it because they fear. Jobs that were lost were lost for good. Hence the reason why the unemployment rate has been slow to recede. It's going to take a good 10 years for those numbers to come back. This shouldn't be much of a surprise, and it won't have any bearing on who the president is. All this finger pointing by the Republican party is all a set up to try and win the 2012 presidential election. There are no policies that Obama has set up that have worked against the Bush tax cuts. Frankly, if the cuts had been allowed to expire, it's my opinion that Wall Street would have responded much better than they did with the crapfest of a deal that we got. Wall Street realizes that money needs to flow into the system, and that revenues need to be increased.

ISiddiqui 08-20-2011 12:39 AM

I do tend to find it amusing that people consider Obama's policies to be socialist or far left. It seems absurdly strange to me considering every other Western industrialized democracy. If we consider a country like the UK as "far left", were exactly should the rest of the world see us? Lunatic right wing madmen (ok, some already do)?

Edward64 08-20-2011 09:31 AM

I've not been keeping up on this but boy, how far has he fallen ...

Edwards drops one prominent DC lawyer for another – CNN Political Ticker - CNN.com Blogs
Quote:

(CNN) - Former North Carolina Sen. John Edwards has requested a new attorney in his defense of federal charges roughly two months before the criminal conspiracy trial is set to begin.

In a copy of the motion filed Friday, Edwards requested representation by prominent DC attorney Abbe Lowell, indicating that he has dropped defense attorney and former White House counsel Greg Craig.

Lowell previously represented lobbyist Jack Abramoff.

The 2004 Democratic vice presidential nominee was indicted by a federal grand jury in June and subsequently pleaded not guilty. He will be tried in October on federal charges of conspiracy, issuing false statements, and violating campaign contribution laws.

Justice Department prosecutors brought charges against the 2008 presidential candidate based on allegations that money given to Edwards to support his mistress, Rielle Hunter, should have been considered as donations toward his presidential campaign.

Edwards maintains the money was a gift.

If convicted on all counts, he could face up to 30 years in prison and a fine of up to $1.5 million.


Edward64 08-20-2011 09:36 AM

Glad to get this one out of the way and think it was a distraction, I think the real prize is Syria.

BTW - if I was that Lockerbie "I'm not dead yet" guy, I would be leaving town.

Tripoli facing three-sided advance by Libyan rebels | World news | The Guardian
Quote:

Muammar Gaddafi's 41-year grip on power in Libya looked more precarious than ever on Friday night, as rebel forces advanced on the capital from three directions after breaking out of the once-besieged town of Misrata.

With rebels taking control of the coastal town of Zlitan in the east, those in the west claimed to have made progress clearing out the last pro-Gaddafi troops from Zawiyah, 30 miles west of Tripoli. They now have the main coastal road under pressure on both sides of the capital and also under threat from the Nafusa mountains.

Gaddafi's army outside Tripoli is trapped in a series of besieged and shrinking enclaves, with rebels controlling more than two thirds of the country. And as the stranglehold on the capital tightens, plans are being made to evacuate the last remaining foreign workers by sea.


Good to know they are planning for it.
http://www.bbc.co.uk/news/world-africa-14560983
Quote:

Nato governments have been working closely with the NTC on a plan for the immediate aftermath of the conflict.

The lessons from the collapse of the Iraqi regime are still in everyone's minds. They do not want to see the chaos of a power vacuum, revenge killings, looting and so on.

Indeed, the final stages of this conflict pose particular problems for Nato whose formal mandate, remember, remains the defence of Libya's civilian population.

Critics have argued that this is largely a fiction. Nato has waded in on one side in a civil war, they say, and its air operations have effectively served to tilt the balance of power away from Col Gaddafi towards his opponents.

Nato's intervention began with the immediate goal of protecting the people of Benghazi from advancing government forces.

The war could end with Nato having to ensure the safety of civilians in Tripoli as a new regime advances on the city.

This is going to be the real test of the understandings made between Western governments and the rebels and of the trust invested in the NTC by key Western governments like those in Britain and France.


Edward64 08-20-2011 10:00 AM

I agree with this and thought it unfair when it was done to GWB also. However, you would think Obama's team should be managing this better ...

Of course Obama deserves a vacation - CNN.com
Quote:

Every year, we can count on nutcases from the right throwing temper tantrums about President Obama going on vacation. And when President George W. Bush was in office, there were reliable cranks on the left who would scream to high heaven because he would spend a lot of time at his ranch in Crawford, Texas.

Let's all say in unison: Shut the hell up!


SteveMax58 08-20-2011 12:01 PM

I have a much bigger problem with the House & Senate extended recesses than the President's mini-vacations. Especially when the H/S members may be doing many other things even when IN session.

SportsDino 08-20-2011 08:42 PM

Quote:

Originally Posted by JPhillips (Post 2515412)
Conditions change. Saving is good during normal conditions, but during a demand crisis the government is the only entity that can fill the output gap.


Saving is always good, consumers should not go into debt to boost consumer spending to save the economy. If anything it generally weakens the health of the economy as increasing debt levels increases the probability of default (the magical phenonmenon which justifies charging interest on all loans).

A lot of factors go into 'output' and the government is not the only source of demand as it were. The population itself has a certain level of necessary demand (your food, shelter, energy requirements to actually live) and the technological revolutions of this century are the biggest and best explanation of the expansion of demand and consumer spending (even better than credit card debt, which has also boomed, but not as much relatively).

The people of today live with more conveniences and standard of living than any time in history, and get there through technology and productivity continually growing. If it takes government investment to set the environment for growth, than by all means go ahead, but the moment it becomes just about throwing money around the less it all will really work in the end. We just end up with a few more fat cats with more zeroes in their account balances.

SportsDino 08-20-2011 09:12 PM

Quote:

Originally Posted by Ronnie Dobbs2 (Post 2515443)


Pro tax cuts:
http://www.house.gov/jec/tax/taxrates/taxrates.pdf

How high incomes react to tax cuts:
Soaking the rich | The Economist

Supply-side economics:
Supply-Side Economics: The Concise Encyclopedia of Economics | Library of Economics and Liberty

All of these are obviously biased towards the 'cut taxes on the rich creates jobs' but give the gist of the argument (and have a bundle of citations to papers of varying quality on the topic).


I prefer the multiplier line of thought, similar to that mentioned by this:
Econbrowser: Pocketful of Multipliers (II): Options for Stimulus Packages

Again, start digging into citations made in the article to get at a variety of opinions.

The problem with reading economists is you can hire an economist to spout whatever nonsense you want them to. Taking a poll of them is just taking a poll of which side has made more bribes!

I've already stated my opinion, high income tax cuts will not create jobs... not based so much on philosophy but on what I consider to be common sense, a wealth of capital is already in the hands of the decision makers, tax rates only impact marginal returns on extracting the money out of a business (i.e. income), and tax cuts in a perfect ideal republican-sponsored supply-side REagnomics world can still only increase capital supply and marginal return on investment... neither of which are the key factors holding back investment (as JonInMiddleGA might say, all those jerks don't deserve jobs in the first place, the losers!!!).

The worry warts are things like 'double dip recession fears', inflation, job numbers and its relation to consumer spending, debt levels, and the fact that taxes right now are so goddamn awesome for looting corporations of dollars. Gotta extract those dollars before the INEVITABLE tax hike, sorry conservatives, your own elephants will help put them in when the time for the reaper comes, they already are targeting poor taxes like increased fees, sales taxes, and loophole reductions that mostly benefit low incomes like earned income, student deductions, etc...

RainMaker 08-20-2011 09:51 PM

Demand creates jobs, not cuts to income taxes. Seriously, we have one of the lowest top tax rates in our nation's history and high unemployment.

I love reading those articles where they cherry-pick points and ignore others.

Flasch186 08-20-2011 09:57 PM

As John Stewart said you can get $700 billion simply by taking HALF of everything that the poor have.

sterlingice 08-20-2011 10:31 PM

Quote:

Originally Posted by Flasch186 (Post 2516137)
As John Stewart said you can get $700 billion simply by taking HALF of everything that the poor have.


But that's not real money. To get real money ($1.4T), you can take everything they have!

SI

JonInMiddleGA 08-21-2011 12:03 AM

Quote:

Originally Posted by SportsDino (Post 2516128)
The problem with reading economists is you can hire an economist to spout whatever nonsense you want them to. Taking a poll of them is just taking a poll of which side has made more bribes!


I'll be damned, economics IS a science.

Edward64 08-21-2011 12:49 PM

I disagree about Libya and think Syria is yet to be determined.

Obama has done okay in Libya. Regardless of the number of tomahawks, NATO is definitely front and center and this is not a US-NATO war. Its great relief to not see any muslim country protests (that I know of) vilifying US (or NATO) on Libya.

Syria is interesting. I think the intent was to get Libya out of the way first and then focus on Syria ... not sure the number of Arab countries that have condemned Syria already but building consensus is the right way to do it vs go it alone.

Libya, Syria Show Obama In Way Over His Head | FoxNews.com
Quote:

Developments this week with Libya and Syria show that President Barack Obama is in way over his head on U.S. foreign policy – once again.

In Libya, rebel fighters are closing in on Col. Moammar Qaddafi’s stronghold of Tripoli - though remain locked in a six-month civil war and face a potential bloodbath in taking the city. This is despite Mr. Obama’s headlong rush to lead “kinetic military action” in March to back them up, an effort expected by some optimists in Washington to last weeks. NATO, with U.S. forces at the core, is still at it.

With Syria, Mr. Obama finally called for strongman President Bashar Al-Assad to step down – only now that 2,000 pro-democracy demonstrators have been killed in military assaults with tanks, infantry and naval bombardment. Though certainly the right decision, unfortunately it’s about five months overdue, and too late for those who have already lost their lives.

It’s almost as if Mr. Obama has been operating in fast-forward to support democracy and protect lives in Libya, while going slow motion in Syria.

Why is that?

First, when it comes to entrenched regimes like Qaddafi’s and Al-Assad’s, dictators know that the law of the jungle applies. Weak states like Libya are more vulnerable to foreign military intervention and internal unrest - strong states like Iranian-backed Syria are more secure. Despite Mr. Obama’s lofty statements defying dictators and promoting human rights, he only really tried to deliver in lower-risk environments. Egypt and Tunisia come to mind.

Second, rather than leading from the front as American presidents have traditionally done – save Jimmy Carter, Mr. Obama takes his cues from international organizations like the UN and Arab League. Once they pressed for military action in Libya, it was Tomahawks away – with the U.S. leading the charge.

Third, despite his popularity overseas, Mr. Obama arguably still doesn’t have the experience of a seasoned chief executive to deal with thorny issues like the Arab Spring. This shouldn’t be a surprise, considering his four years in the Senate were known for voting “present.”


JPhillips 08-21-2011 12:53 PM

That's just a guy that is looking to fault Obama no matter what. He trashes him for intervening in Libya and not intervening in Syria. If Obama had done the opposite I'd bet this guy would have the same criticism in reverse.

Edward64 08-21-2011 08:53 PM

Yup, looks as if Libya is done (e.g. hopefully the post mortem will limit killings to only top henchmen and no Iraqi-like lawlessness) and time to start focusing on Syria.

I hope Obama can (or wants/planning to) start organizing the other countries. Unfortunately, with Iran backing, problems Syria can cause in Lebanon vs Israel etc., this one will be a tougher nut for Panetta and CIA. It was before my time and I'm sure there are good reasons why we got rid of the policy, but I'm all for targetted assasinations ...

I'm a little surprised with the last sentence below, didn't realize that.

Syria's Assad warns against military intervention - World news - Mideast/N. Africa - msnbc.com
Quote:

The Syrian leader has come under mounting criticism over the brutal military offensive that has used tanks, snipers and gunboats to try to crush the uprising. Most recently, the United States and its European allies on Thursday demanded he step down. Late Saturday, former ally Turkey called Syria's situation "unsustainable."

On Sunday, Assad brushed off President Barack Obama's condemnation, saying it has "no value."

"I am not worried about the security situation right now, we can say the security situation is better," he said.

He warned against Libya-style military intervention, saying there will be "repercussions" to any country interfering in Syria's affairs. There have been no serious international plans to launch such an operation, in part because the opposition has said it does not want Western countries to interfere.

Edward64 08-22-2011 09:23 PM

Interesting development, probably not coincidental. I speculate there is going to be some bad news coming out on the investigation.
Standard & Poor's President Reportedly Resigns | FoxNews.com
Quote:

Standard & Poor's President Deven Sharma is leaving the credit-rating firm at the end of the year, according to a person familiar with the matter.

The credit-rating firm plans to announce Mr. Sharma's exit on Tuesday before the markets open, the person said. Douglas Peterson, chief operating officer of Citigroup Inc.'s Citibank unit, will succeed Mr. Sharma on Sept. 12, that person said.

Mr. Sharma will remain at S&P through the end of the year in an advisory capacity, working with McGraw-Hill Cos. Chairman, President and Chief Executive Harold "Terry" McGraw III as the company explores a separation of its education business, the person familiar with the matter said.

Edward64 08-25-2011 10:31 PM

FWIW. I didn't see what the total $ would be. I would prefer to see the money go to some sort of "bailout/relief" of home owners who are underwater.

Parts of Obama jobs package coming into focus - Business - US business - msnbc.com
Quote:

The details are still being discussed during the president's annual vacation in Martha's Vineyard, White House spokesman Josh Earnest said.

But the broad contours of the jobs package are quickly coming into focus.

The president is widely expected to repeat his calls for an extension of a payroll tax cut, push for patent reform and bilateral free trade deals, and suggest an infrastructure bank to upgrade the country's roads, airports and other facilities.

Retrofitting schools with energy efficient technology would allow the government to directly hire for labor-intensive work and also give a boost to the clean energy sector that Obama has said could be an important U.S. economic motor.

Other measures being considered, according to economists who have advised the White House, include tax credits for firms hiring more workers, funds for local governments to hire teachers, and retraining help for the long-term unemployed. Steps to boost the ailing housing market are also under review.

"What's going to be included in this plan are some reasonable ideas that could have a tangible impact on improving our economy and creating jobs ... the kinds of things that Republicans should be able to support," Earnest said. "These are bipartisan ideas that the president is going to offer up."


RainMaker 08-26-2011 12:45 AM

Payroll tax cut makes no sense considering we just had a massive debate over the deficit where we agreed to cut a ton of money. It doesn't feel like a fix for the entitlement problem is to cut what is currently funding it.

I've read through his patent reform ideas and they are shit. Doesn't get anywhere close to solving the problem.

The infrastructure stuff makes sense. Not sure on the school thing, but there are a lot of things that need to be upgraded. This should have been done 2 years ago. His jobs bill should almost be exclusively this. Just find necessary projects where we can enhance our infrastructure for 50+ years and do it. No pet projects, just real enhancements.

gstelmack 08-26-2011 07:19 AM

More tax breaks, even though he just got mad at the Repubs for refusing increases? Hypocritical much?

SteveMax58 08-26-2011 07:44 AM

I'm trying to understand who exactly thinks this is a good argument. This statement just stinks of complete incompetency and being out of touch with the "little people". If we ever slip into despotism or some sort of widespread civil unrest, people will hang wealthy Democrats (save maybe for Matt Damon :) ) just as quickly as wealthy Republicans.

Quote:

But economists and advisers familiar with his strategy say Obama will argue next month that the financial crisis was worse than anyone thought at the time and say more stimulus is needed to make any real dent in the unemployment rate.

Hint...when the banking industry needs nearly $1T to stop from collapsing civilization as we know it...the problems are FAR WORSE THAN YOU CAN CALCULATE.

JPhillips 08-26-2011 07:47 AM

I understand what you're saying, but there were recent revisions to the growth rates for 2008/2009 that showed much more contraction than thought at the time of the first stimulus.

But I won't argue the point that the bankers that run the Treasury aren't connected to the millions of unemployed.

SteveMax58 08-26-2011 08:28 AM

Quote:

Originally Posted by JPhillips (Post 2518212)
I understand what you're saying, but there were recent revisions to the growth rates for 2008/2009 that showed much more contraction than thought at the time of the first stimulus.

But I won't argue the point that the bankers that run the Treasury aren't connected to the millions of unemployed.


Right, but there are 2 fundamental disconnects from the President & his administration/advisers...and it has little to do with bankers (though they are certainly living in a different world and by different rules than the rest of us).

Was it really not obvious the country was in massive contraction mode? Did it not appear obvious that the jobs being contracted were the construction & tradesmen sectors? This is on the President & the crap his party wanted to work on instead of getting these people to work. If unemployment were at 8% or 7.5% right now with rising inflation, we'd have different issues to debate but people would be working and focused on increasing their personal wealth (to the extent they can) rather than just surviving. We'd be talking about how to reduce the cost of essentials instead of how f'd everything is.

JPhillips 08-26-2011 09:37 AM

I disagree. The stimulus and auto bailout were the first things done. Now there was plenty of talk at the time that it wasn't enough, but then again at that point the GOP blocked any idea of a bigger package with the filibuster.

I also don't think you can say that the lost jobs were mainly in construction and tradesmen. If you look at labor charts unemployment has been rather equally spread over all sectors. There are certainly plenty of people in construction and trades that need work, but there are also plenty of teachers, retail workers, etc. that need jobs.

I'm not sure there was anything legislatively that the Dems could have gotten passed due to their moderates and the GOP in the Senate. However, the big failure, IMO, is not having an agenda to fight for. I have no idea what the Dems would do if they could. Maybe if they had a plan they could convince the public that it's the right thing to do.

Edward64 08-26-2011 11:48 AM

Quote:

Originally Posted by JPhillips (Post 2518290)
I disagree. The stimulus and auto bailout were the first things done. Now there was plenty of talk at the time that it wasn't enough, but then again at that point the GOP blocked any idea of a bigger package with the filibuster.

I do agree with this. If I recall correctly Obama wanted a larger stimulus package and had to negotiate down. Its disengenious for the GOP now to say it didn't work ... not to say Obama's original would have worked in the first place. I think the rootcause is the housing mess.

Warhammer 08-26-2011 11:48 AM

Complete anecdotal evidence, the building sector is WAY down. That is affecting everyone associated with it (architects, engineers, contractors, etc).

digamma 08-26-2011 12:14 PM

MONEY IS FREE! SPEND MONEY!

How hard is that concept?

Sure, we can find ways to spend it better, eliminate waste and all of that, but seriously if someone was offering you what is essentially free money, what would you do?

GrantDawg 08-26-2011 12:29 PM

Quote:

Originally Posted by digamma (Post 2518394)
MONEY IS FREE! SPEND MONEY!

How hard is that concept?

Sure, we can find ways to spend it better, eliminate waste and all of that, but seriously if someone was offering you what is essentially free money, what would you do?



Give me some, and lets see. Call it an experiment. :)

SteveMax58 08-26-2011 03:23 PM

Quote:

Originally Posted by JPhillips (Post 2518290)
I disagree. The stimulus and auto bailout were the first things done. Now there was plenty of talk at the time that it wasn't enough, but then again at that point the GOP blocked any idea of a bigger package with the filibuster.


So when the Dems sponsor & pass bad spending bills, that the Repubs vote object to & vote against anyway, then it is the Repubs fault because they didn't go along with it or agree to do more. I don't really follow how public talking points espoused by some/certain members of a party really has any bearing on the bill the Dems can & should be pushing.

The problem I see is that its always more convenient to point to how crazy the Repubs are & not blame the party that actually passed the bill...or blame them for not submitting a bill to vote because it might get filibustered. If that is of concern then let them try it & be held accountable to the voters for it as opposed to a platform of "we wanted to do more but the other guys are meanies who will vote it down so we won't even try & get an official record of it". That's lame & lightweight.

The real problem as I see it though, is that the Dems had (have) no idea how bad the economy really is, nor how to actually correct it. The Repubs don't either but they will have nobody to blame for that but themselves in 2012...for the bills passed (or not passed) since 2010. Rest assured...the Dems will get another shot at it.

PilotMan 08-26-2011 03:58 PM

Quote:

Originally Posted by digamma (Post 2518394)
MONEY IS FREE! SPEND MONEY!

How hard is that concept?

Sure, we can find ways to spend it better, eliminate waste and all of that, but seriously if someone was offering you what is essentially free money, what would you do?



Large businesses all over the US have been banking that cash, and not spending it on expansion, workers or company infrastructure. So, the money has been made available, the onus was given to spend, but the end result was that rainy day funds were filled and execs took huge bonuses.

JPhillips 08-26-2011 04:34 PM

Quote:

Originally Posted by SteveMax58 (Post 2518482)
So when the Dems sponsor & pass bad spending bills, that the Repubs vote object to & vote against anyway, then it is the Repubs fault because they didn't go along with it or agree to do more. I don't really follow how public talking points espoused by some/certain members of a party really has any bearing on the bill the Dems can & should be pushing.

The problem I see is that its always more convenient to point to how crazy the Repubs are & not blame the party that actually passed the bill...or blame them for not submitting a bill to vote because it might get filibustered. If that is of concern then let them try it & be held accountable to the voters for it as opposed to a platform of "we wanted to do more but the other guys are meanies who will vote it down so we won't even try & get an official record of it". That's lame & lightweight.

The real problem as I see it though, is that the Dems had (have) no idea how bad the economy really is, nor how to actually correct it. The Repubs don't either but they will have nobody to blame for that but themselves in 2012...for the bills passed (or not passed) since 2010. Rest assured...the Dems will get another shot at it.


I wholeheartedly agree the Dems need to stand for something, but your initial post was that the Dems should have passed different legislation. That wasn't going to happen. The agreed to stimulus was watered down from 1 trillion to 800 billion with @40% of that being inefficient tax cuts due to GOP and moderate Dem intransigence. It's not about blaming anyone, but that's what really happened.

SteveMax58 08-26-2011 06:13 PM

Quote:

Originally Posted by JPhillips (Post 2518522)
I wholeheartedly agree the Dems need to stand for something, but your initial post was that the Dems should have passed different legislation. That wasn't going to happen. The agreed to stimulus was watered down from 1 trillion to 800 billion with @40% of that being inefficient tax cuts due to GOP and moderate Dem intransigence. It's not about blaming anyone, but that's what really happened.


And my point only point about the stimulus is that bad legislation is worse than no legislation which is why the Dems were voted out in large part, at least in my opinion.

But I guess the nuance I'm speaking to (in the first post you mentioned) is more about leadership. Its intangible in a sense...but its clear to me that we don't have it in the right positions. I actually think Hillary has it but I don't think Obama has it at all. And that is why the Repubs believe they can get away with being detractors, rather than working with him.

RainMaker 08-26-2011 07:23 PM

Quote:

Originally Posted by JPhillips (Post 2518522)
I wholeheartedly agree the Dems need to stand for something, but your initial post was that the Dems should have passed different legislation. That wasn't going to happen. The agreed to stimulus was watered down from 1 trillion to 800 billion with @40% of that being inefficient tax cuts due to GOP and moderate Dem intransigence. It's not about blaming anyone, but that's what really happened.


They had large advantages in both the House and Senate. They had a new President riding a populist surge. That's on them if they couldn't get something passed. Can't blame the Republicans for that.

RainMaker 08-26-2011 07:29 PM

Quote:

Originally Posted by JPhillips (Post 2518212)
I understand what you're saying, but there were recent revisions to the growth rates for 2008/2009 that showed much more contraction than thought at the time of the first stimulus.

The problem is that Obama told us it would work. He showed us charts on what it would do for unemployment. None of this happened the way he said. So he has no trust on the issue. He can't come out and say "this will help" when it was shown his previous estimates were complete shit.

I agree with spending, but I don't think he has anyone's trust on it, including mine.

RainMaker 08-26-2011 07:31 PM

Quote:

Originally Posted by PilotMan (Post 2518495)
Large businesses all over the US have been banking that cash, and not spending it on expansion, workers or company infrastructure. So, the money has been made available, the onus was given to spend, but the end result was that rainy day funds were filled and execs took huge bonuses.


BUT IT WILL TRICKLE DOWN!!!!!111

You're right. Money needed to be pumped into the country and instead the people who were given it cheap just sat on it. Lot of people saw this coming a mile away.

SteveMax58 08-26-2011 07:36 PM

Quote:

Originally Posted by RainMaker (Post 2518599)
BUT IT WILL TRICKLE DOWN!!!!!111

You're right. Money needed to be pumped into the country and instead the people who were given it cheap just sat on it. Lot of people saw this coming a mile away.


Yeah, including many random pop-economists on message boards I believe. I'm not sure how an administration could possibly have been more out of touch with what needed to be done. Which is why I both, was glad to see the Dems get kicked to curb in 2010, but saddened to see the Repubs come in as I know they won't solve anything either.

JPhillips 08-26-2011 07:45 PM

Quote:

Originally Posted by RainMaker (Post 2518594)
They had large advantages in both the House and Senate. They had a new President riding a populist surge. That's on them if they couldn't get something passed. Can't blame the Republicans for that.


Yes and no. I wish they had pushed harder, but the GOP voted in a block to stop anything greater than the stimulus that was passed. The decision to filibuster everything really has made it nearly impossible to pass legislation. I don't see a failure in legislation so much as a failure of political will to push for something knowing the GOP would oppose. The Dems are far too willing to cave because of GOP opposition.

SteveMax58 08-27-2011 05:44 AM

Quote:

Originally Posted by JPhillips (Post 2518290)
I also don't think you can say that the lost jobs were mainly in construction and tradesmen. If you look at labor charts unemployment has been rather equally spread over all sectors. There are certainly plenty of people in construction and trades that need work, but there are also plenty of teachers, retail workers, etc. that need jobs.


I had actually recalled seeing labor statistics showing near 20% unemployment for construction a little while back (maybe a year ago?). Given the massive drawback in housing construction, it also would seem to coincide with that. The rest of the sectors such as teachers, retail workers, etc. can be a chicken/egg problem as if 20% of a workforce are unemployed, then certainly nobody is buying retail to furnish the houses, paying taxes (and typically a higher rate for new construction) on the property to keep teachers employed, etc.

sterlingice 08-27-2011 08:51 AM

If you're the government, How do you boost the construction sector other than, say, infrastructure projects.

SI

Buccaneer 08-27-2011 09:35 AM

Quote from Waters and NYT about attempts to spend a great deal of taxpayer's monies to create so few jobs. Another example of Stimulus of Good Intentions that reality did next to nothing real:

Quote:

Silly 'green jobs' fad dying on the vine
Government cannot plan our economy
August 26, 2011 5:25 PM
ORANGE COUNTY REGISTER

The faddish obsession with “green jobs” is being revealed as a massive waste of taxpayer money.

Pipe dreams eventually are revealed for what they are — unrealistic, wishful thinking. It didn’t take long for Spain’s touted green-job revolution to be revealed as a financial disaster, siphoning taxpayer subsidies and destroying 2.2 real jobs for every green job created.
It’s truly a bad sign for the green-job revolution when failure becomes obvious even to acolytes.

“All this talk about the green jobs never materialized,” liberal Democratic Rep. Maxine Waters of Los Angeles recently complained.

The New York Times rubbed salt in the wound when it reported in July that the nonpartisan Brookings Institution found clean-technology jobs accounted for only 2 percent of jobs nationwide. “Federal and state efforts to stimulate creation of green jobs have largely failed, government records show,” according to a Times article from a San Francisco news outlet.

Considering the president’s pledge to create 5 million green jobs in 10 years and Gov. Jerry Brown’s promised 500,000 clean-technology jobs by the end of the decade, it’s worth noting the New York Times’ conclusion: “[T]he results so far suggest such numbers are a pipe dream.”

Lowlights of the saga include the recent bankruptcy of Evergreen Solar Inc. of Massachusetts, recipient of $58 million in direct subsidies and tax breaks, including federal “stimulus” funding, but which cut 800 jobs and is now $485 million in debt, with more job losses to come with the closure of a Michigan plant. Green Vehicles of Salinas received $500,000 in city subsidies, but closed last month without having produced anything of significance, Human Events magazine reported. The company had promised to create 70 jobs and pay back local taxpayers $700,000 a year in taxes.

Seattle got a $20 million federal grant to weatherize 2,000 homes and create 2,000 jobs. After a year, three homes had been retrofitted and 14 new jobs created, many of them administrative. That’s a return on investment of about one job per $1.4 million. In Michigan, Fisher Coachworks is out of business two years after being touted as part of the state’s green future, and despite millions in-state subsidies to sell buses bought with federal tax money.

The U.S. Forest Service awarded $490,000 in stimulus funding to Urban Forestry Revitalization Project in Clark County, Nev., to plant trees and other greenery in urban neighborhoods. It created 1.7 jobs, one of them a full-time temporary job, and 11 short-term and temporary.

Overall, estimates the Competitive Enterprise Institute’s Chris Horner, $30 billion in green handouts in the stimulus bill cost taxpayers about $475,000 per job.

Almost no amount of tax subsidy can make consumers purchase something they don’t want. When they don’t, the enterprise is doomed to fail. Rather than prop up such failures with tax money, governments at all levels should allow taxpayers to find productive uses for their money. — From the Orange County Register, a Freedom Communications newspaper




SportsDino 08-27-2011 10:38 AM

I am actually pro-green jobs (as I have ranted before), but those statistics hold for 'jobs' created across all categories of the stimulus... not just the supposed green sector. I believe ages ago someone even put up a news article in a chart in one of these threads about wasted money (in Delaware or something, been a couple years). At the time the numbers were shockingly bad across the bad even then, I would not be surprised if they are downright terrifying by now.

The stimulus did not work and would not work at any level of funding because it was used as a tool for politcal corruption, funneling millions into the hands of well linked people who did not even make an effort to turn it into jobs (it would have cut into the amount of the pie they would be able to steal outright).

This is why you have to have extremely clear and hard to game scenarios for federal spending for it to have an effect on the economy. You can't just create some massive subsidy that is 80-90% stolen to get 10% effect. You need to find one thing with clear goals and obvious transparency (build X number of oil pipelines or high capacity power transmission stations to shore up infrastructure) and watch it like a damn hawk to see it actually gets done. Instead we gave out billions to the corrupt segment of the construction industry (not to badmouth the good construction companies out there, but when no bid contracts start flying around you see a high number land in the hands of cousin Earl who doesn't even have workers, he just hires out a subcontract...).

Take all the vast amount of money and throw it into a tax incentive directly linked to domestic employment, it might look like a drop in the bucket (say 1-5 thousand per worker after you average it 150+ million ways) but those numbers would be big money for small and large businesses that hire a lot of workers. Even better, cut the loopholes and take the revenue from obvious political corruption (say trillion dollar tax holidays, the multi-billion dollar loopholes around executive compensation, or the ludicrious corp pork) and you can actually give out reasonably large sized per worker incentives.

Good news, you make up a portion of the incentive on the backend as those workers pay their individual income taxes. Even better, you cut the bleed on unemployment costs which will save further money. Even better you have actual employment figures so you get a nice stock rally (okay I have to point out where I get my cut somewhere along here).

SportsDino 08-27-2011 10:47 AM

Quote:

Originally Posted by sterlingice (Post 2518733)
If you're the government, How do you boost the construction sector other than, say, infrastructure projects.

SI



For housing construction the best thing right now would be a massive rally in employment figures, because competition for workers will at least stabilize and probably grow wages, give people more certainty on future incomes, and let them buy houses. There is simply too much excess housing inventory, if you look at the numbers it is truly insane, even if we had high paying jobs at like 1-2% unemployment, some places have more inventory than even an ideal world could occupy.

Over capacity leads to price softness, the housing boom in construction was based on making insane returns over expenditures to actually building a house, it should be no surprise that the number of people involved in the industry grew dramatically, the inventory grew dramatically, and that the percentage numbers after a crash will be huge.

We do not want to restore the housing industry to its boom size, it actually needs to be a few degrees smaller, but all the pundits don't understand such mathematics. Sure you may have big double digit percentage declines, it actually should be expected, the sector is just overexpanded, no amount of subsidy (short of a bubble, yuck) will get it back to those numbers. And the efficiency on such spending would be really bad as well (it is possible to spend 2 dollars and only get 1 dollar of value... traditional microeconomics can show that at some point returns are marginal and those numbers conform to reality, not historical employment numbers).

We do need infrastructure spending, simply because we want to be competitive with other countries and in my opinion good infrastructure has a multiplier effect on economies (see Interstate system and the growth of the automobile, one of the bigger positive sum economic phenonmenons of the last century). Boost it by directly building that infrastructure, not shovel ready bullshit that is really just shoveling a pile of money to mobster Mel.

SteveMax58 08-27-2011 01:04 PM

Quote:

Originally Posted by sterlingice (Post 2518733)
If you're the government, How do you boost the construction sector other than, say, infrastructure projects.

SI


Thats exactly it...but as SportsDino said...not just digging holes to fill them back in projects, high speed rails to connect 2 cities that nobody wants to commute between (not that some HS rail isn't needed....just sayin its not always viable), or building more city halls. Projects that actually accomplish something.

That "something" in my mind is (and has been) energy infrastructure to facilitate energy independence. Not burying power lines for aesthetics or some crap...I'm talking about instituting new standards for energy which, I believe, will require a lot of retro-fitting of "fueling" stations (not necessarily gas), regional & national energy grid construction for increased load sharing/redundancy/supply from anywhere in the country, new energy source facility construction, or even the ability to fuel (or charge) our vehicles from this grid in the comfort of our home. And let's not get hung up on what the energy source is for now...so long as it isn't oil-based.

We have a society that loves powered things. We love our suburban homes with yards, we love our computers & home entertainment systems, we love our AC in the summer & heat in the winter, we love vehicles that can tell us where to go (if not bring us there). In short, we love the the entertainment & convenience that comes with having powered devices so why don't we make this cheaper, cleaner, & more sustainable for the future.

Buccaneer 08-27-2011 01:22 PM

In order grow green energy sources, we are going to need an awful lot more high-voltage transmission lines, and square miles of wind generators and solar farms. But there are significant environmental opposition (as well as nimby) to all three such proposals. The reasons for the failures in reaching a critical mass is that everyone expects reliable energy and that means still being connected to the grid. Right now, solar is a niche market for the well-to-do (and even they are still rely on traditional sources).

SteveMax58 08-27-2011 02:04 PM

Thats my understanding as well Bucc. Aren't you in the industry? Or did I have you confused with somebody else?

I know there is a lot of environmetal & nimby concerns but my thinking is that if you have the national & regional grids in place which can support high capacities of power sourcing, you can essentially source energy from anywhere, to anybody. Then you can allow the states/municipalities that are more welcoming to being a national/regional energy source to be the home for the best possible combination of cost, sustainability, environmental impact, etc. But the key is getting the over the top greenies out of the policy driver's seat, which is something the Dems won't do (i.e. the Tea Party of the left). Simply using today's technology (from what I understand of it) is better than doing nothing & continuing the coal/oil based power sourcing just due to the multiplicative effect it would have on the economy.

JonInMiddleGA 08-27-2011 02:57 PM

Somewhere amidst all this talk of housing & construction this note fits somewhere: Habitat for Humanity is now the 6th largest homebuilder in the U.S. As they continue to climb up the list, I have to think that the pressure on them to stop building from scratch & put more efforts toward rehabbing existing properties is going to increase.

Habitat builds more houses, moves into top 10 in U.S. *| ajc.com

Edward64 08-27-2011 03:00 PM

Pretty good news.

Al-Qaeda's No. 2 Leader Killed In Pakistan. U.S. Official Says | FoxNews.com
Quote:

Al Qaeda's No. 2 leader, Atiyah Abd al-Rahman, has been killed in Pakistan, a U.S. official tells Fox News.

Al-Rahman was a Libyan national who was considered Al Qaeda's operational leader before rising to the No. 2 spot following Usama bin Laden's death in May.

Al-Rahman's death is a big blow to the terrorist group and comes as U.S. officials have said in the aftermath of bin Laden's killing that a few more high-profile deaths could break Al Qaeda's back.

The official, who spoke on condition of anonymity, says al-Rahman was killed Aug. 22 in the Pakistani tribal region of Waziristan. That's the same day a US drone strike in Waziristan.


JPhillips 08-27-2011 03:48 PM

I swear there are 100 hundred #2 and #3 leaders in Al Quaeda.

JonInMiddleGA 08-27-2011 03:54 PM

Quote:

Originally Posted by JPhillips (Post 2518888)
I swear there are 100 hundred #2 and #3 leaders in Al Quaeda.


I won't complain if they're bogged down by excessive upper middle-management ;)

Dutch 08-27-2011 03:58 PM

Quote:

Originally Posted by JPhillips (Post 2518888)
I swear there are 100 hundred #2 and #3 leaders in Al Quaeda.


I guess you can't ever get rid of the #2 guy unless the main guy just goes streaking all by himself.

Dutch 08-27-2011 04:00 PM

Quote:

Originally Posted by JonInMiddleGA (Post 2518881)
Somewhere amidst all this talk of housing & construction this note fits somewhere: Habitat for Humanity is now the 6th largest homebuilder in the U.S. As they continue to climb up the list, I have to think that the pressure on them to stop building from scratch & put more efforts toward rehabbing existing properties is going to increase.

Habitat builds more houses, moves into top 10 in U.S. *| ajc.com


I used to help with that project back in Shreveport. The rebuilds I was apart of were always for elderly who had no desire to move. Not sure if that was a trend or not.

JPhillips 08-27-2011 04:01 PM

I know the Newburgh group has been doing rebuilds lately.

sterlingice 08-27-2011 04:04 PM

Quote:

Originally Posted by JPhillips (Post 2518888)
I swear there are 100 hundred #2 and #3 leaders in Al Quaeda.


#2s are a little more rare, but we have killed at least 100 #3s. For the longest time, it was that any time some middle manager in Al Qaeda was killed that wasn't Bin Laden or al Zawahiri, they were somehow the #3.

SI

stevew 08-27-2011 04:06 PM

Quote:

Originally Posted by JPhillips (Post 2518888)
I swear there are 100 hundred #2 and #3 leaders in Al Quaeda.


It's hard to win a terrorist championship without at least a couple #1 type leaders. You can't just cobble a staff together full of mid rotation guys.

Edward64 08-27-2011 07:57 PM

Quote:

Originally Posted by sterlingice (Post 2518897)
#2s are a little more rare, but we have killed at least 100 #3s. For the longest time, it was that any time some middle manager in Al Qaeda was killed that wasn't Bin Laden or al Zawahiri, they were somehow the #3.


Agreed on all those #3's. And don't forget all those country franchisee's #1's.

stevew 08-27-2011 08:10 PM

I'm gonna move to Azerbaijan and get on the leadership depth chart. Hopefully I won't flop and be known as the Shia Tim Tebow.

Edward64 08-27-2011 09:16 PM

You would think there would be more press on this pending vote. Israel is against, US promises to veto etc.

I like Abbas and how he has kept his "part" quiet (for the most part I think). I don't know all details of the "statehood" but my inclination is to support the Abbas part at least.

Should be an interesting Sept 20.

Palestinians to present statehood bid to UN general assembly | World news | The Guardian
Quote:

Palestinian leaders have said that they will formally request recognition of their state and full membership of the UN next month, despite strong US opposition amid warnings that such a move would jeopardise future peace talks.

Mahmoud Abbas, the Palestinian president, will personally present the application to the UN secretary-general, Ban Ki-moon, before the UN general assembly opens on 20 September.
:
:
The Israeli prime minister's office said the Palestinian move was "expected and regrettable". "Binyamin Netanyahu [the Israeli prime minister] still believes that only through direct and honest negotiations - not through unilateral decisions - will it be possible to advance the peace process," the statement said.

The Palestinian decision to adopt the UN approach is borne of frustration over stalled negotiations. Direct talks broke down last September when Israel refused to extend a temporary freeze on settlement expansion. The Palestinians also hope that UN recognition of their state will increase international pressure on Israel to end its 44-year occupation.

Full membership of the UN requires the backing of the 15-member security council before approval by the general assembly. The US has already stated its intention to veto such a move. The UK, also a permanent member of the security council, has not declared its position. If the bid for full membership fails, the Palestinians are expected to request "non-member state" status – a step short of full recognition – at the general assembly, which requires a two-thirds majority of the 193 countries. At the moment, the Palestinians believe they have the support of about 120.


Edward64 08-28-2011 09:18 AM

I'm rated as post-modern - moderate, liberal on social issues.

Beyond Red vs. Blue: The Political Typology - Pew Research Center
Quote:

Post-Moderns

13% of the public

What They Believe
•Generally supportive of government, though more conservative on race policies and the safety net
•Strongly supportive of regulation and environmental protection
•Most (56%) say Wall Street helps the economy more than it hurts
•Very liberal on social issues, including same-sex marriage
•One of the least religious groups: nearly a third are unaffiliated with any religious tradition
•Favor the use of diplomacy rather than force

Who They Are
•The youngest of the typology groups: 32% under age 30
•A majority are non-Hispanic white and have at least some college experience
•Half live in either the Northeast or the West
•A majority (58%) live in the suburbs
•63% use social networking
•One-in-five regularly listen to NPR; 14% regularly watch The Daily Show


Buccaneer 08-28-2011 10:01 AM

Not that good of a test, imo. Changing one answer can jump you two catagories; changing two answers can take you to an extreme. I did a control the first time and then changed 1 and then 2 answers the next two times.

JediKooter 08-29-2011 11:08 AM

Quote:

Originally Posted by stevew (Post 2518943)
I'm gonna move to Azerbaijan and get on the leadership depth chart. Hopefully I won't flop and be known as the Shia Tim Tebow.


This is gold in more than one way. :)

Coffee Warlord 08-29-2011 12:52 PM

Quote:

Originally Posted by Buccaneer (Post 2519057)
Not that good of a test, imo. Changing one answer can jump you two catagories; changing two answers can take you to an extreme. I did a control the first time and then changed 1 and then 2 answers the next two times.


And far too black & white on many of the questions/statements.


All times are GMT -5. The time now is 07:37 PM.

Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.