It's the Republicans' Economy Now

[Gaspar]

Nate. Here's the exchange at issue.

GUIDO:    "Where was Obama's compromise with the GOP on stimulus?"
NATE:      "Did you already forget that half the stimulus was tax cuts?"

Then later...

GUIDO:    "...[t]hose really do not appear to be GOP-principled tax refunds, but I will wait for your source."

And I got the above response. Nate sticks to this "tax cuts" compromise Obama made with apparently the "air". No source on an Obama compromise.

Everyone. I advise that anything Nate posts be taken with less than the proverbial grain of salt. He makes sh!t up as he goes.

Yes, but he does it with such confidence and pride.  He reminds me of our president.

[guido911]

Yes, but he does it with such confidence and pride.  He reminds me of our president.

I actually have had fairly amicable discussion recently with Nate. His little slap of "oh you nailed me Guido, it was just 42% not 50%", while ignoring the real point I was making, served only to underscore what I have felt all along about this guy.

[Gaspar]

I actually have had fairly amicable discussion recently with Nate. His little slap of "oh you nailed me Guido, it was just 42% not 50%", while ignoring the real point I was making, served only to underscore what I have felt all along about this guy.

I like him, he is one of the smarter liberal posters on this forum.  He's just so worshipful of liberal economic philosophy that it's hard for him to accept the reality that the world does not work that way.

[guido911]

I like him, he is one of the smarter liberal posters on this forum.

I cannot agree with that. He's all about disgusting class warfare. And if he is one of the "smarter liberal posters", what does that say about the others.  

[Gaspar]

I cannot agree with that. He's all about disgusting class warfare. And if he is one of the "smarter liberal posters", what does that say about the others.  

Most just follow their emotions, and revel in the rebellion of liberal thought.  He tries to use logic, and that must make things very hard for him.

[Conan71]

Most just follow their emotions, and revel in rebellion of liberal thought.  He tries to use logic, and that must make things very hard for him.

Logic and liberal in the same post?  That's an oxymoron if there ever was

[guido911]

Most just follow their emotions, and revel in rebellion of liberal thought. 

That should draw some attention. I will call this guy and see if he can lend to you what he is wearing.

[swake]

I'm not sure where the idea of "compromise" is coming from. Who should the Tea Party be compromising with and why? Where was Obama's compromise with the GOP on stimulus (oh I forgot, Obama governed early on his "I won" philosophy) and the following year with Obamacare? But I digress. In November, them "teabaggers" as the left so gleefully called them, after organizing for more than 18 months and getting politically active, got persons that thought like them to run for office, etc., went to the polls and in spectacular fashion took over the House, made gains in the Senate, and generally thrashed the Dems. Here's a link and passage from it detailing the bloodshed:

http://www.washingtonpost.com/wp-dyn/content/article/2010/11/13/AR2010111304276.html

With that, I do not understand why people are so freakin stunned that these newly-elected Tea Party candidates would, dare I say, do what they were elected to do and conduct themselves consistent with what got them elected. As I posted in another thread, one of the core Tea Party issues was reigning in spending. You expected these people to just ignore or "forget" these principles? And in light of that "shellacking", as Obama said, why didn't he, the Dems, and the establishment GOP compromise with the Tea Party. Their view was what this country wanted for in favor of.

This debt ceiling fight was the Tea Party's "We Won" moment. But apparently there is little humor there despite some who thought when Obama said "I won" was pretty damned funny.

The Tea Party is all about cut, cut, cut. States are slashing budgets and laying off employees. We are cutting public sector spending at a very fast pace. It's almost like we have been running our own austerity program in a recessionary economy......

I will quote myself from almost a year ago:

What is the point of contracting the public sector and government spending in a recessionary economy if it just results in smaller tax revenues and larger deficits?


Look, These austerity measures are going to fail, all they are going to succeed in doing is to damage already weakened economies. Keynes predicts this and is being proven correct all over again. Just like Keynesian economics predicted our crash.

It's very basic, we overheated our economy with deficit spending in an expanding economy.  Keynes predicts that the larger the upturn, the larger the resulting downturn. Which is exactly what happened. Keynes instructs that during an expansion period governments should cool the economy and keep it growing by running surpluses via lower government spending and higher taxes and during periods of contraction taxes should go down and spending go up in order to lessen the downturn. Keynes goal is to lessen the wave curve of the economic cycle on both the upturn and downturn to result in a gradual upward trend of growth with only small fluctuations up or down.

We fought Keynes with huge deficit spending during a growing economy pre 2008 and now Europe is fighting Keynes again with "Austerity" and it's biting them all over again. It's like we learned nothing from the Great Depression.

All these cuts being pushed from the right are badly damaging the economy and are pushing us into another recession. I told you that Keynes predicts that and I am being proven right every day.

I won't say this is the Republican's economy because I do think that outside of the glare of cameras and tea party threats there are a lot of reasonable Republicans, maybe even most. But everyone, middle ground Republicans more than anyone, are terrified of the Teabaggers and are bending to that small minorities will right now.

So this IS the Tea Party's economy. The least popular party right now according to polls, lower than Ds and Rs is the Tea Party but they are running the show. They are holding everyone hostage and sending us right down the crapper unless someone stops them.

[Conan71]

These job cuts are coming primarily at the expense of either constitutional or chartered balanced budget measures that just about every state, if not every state has as well as most municipalities.  That pre-dates the Tea Party and these cuts are the end result of shrinking tax revenues due to the economic slowdown since 2007.

That pre-dates the Tea Party's emergence and these cuts would have happened even without them.

It also has very little to do with any sort of Keynesian prediction.  As well, Keynesian measures to turn the economy around appear to have failed.

[Cats Cats Cats]

I like him, he is one of the smarter liberal posters on this forum.  He's just so worshipful of liberal economic philosophy that it's hard for him to accept the reality that the world does not work that way.

Economy doesn't work one way.  There are so many variables I bet there are conditions where just about anything will work given the proper circumstances.

[guido911]

The least popular party right now according to polls, lower than Ds and Rs is the Tea Party but they are running the show. They are holding everyone hostage and sending us right down the crapper unless someone stops them.

The "Tea Party" is not a "party" like Ds & Rs in my opinion. It's a relatively small number, grass-rooted, politically active, right leaning group of like-minded people. It has power because it is organized and knows how to influence policy it is interested in. I won't try to draw direct comparisons, but I consider the Tea Party to be the economic version of NOW (women's issues-oriented) or the NAACP (African American issues-oriented).

[Teatownclown]

The "Tea Party" is not a "party" like Ds & Rs in my opinion. It's a relatively small number, grass-rooted, politically active, right leaning group of like-minded people. It has power because it is organized and knows how to influence policy it is interested in. I won't try to draw direct comparisons, but I consider the Tea Party to be the economic version of NOW (women's issues-oriented) or the NAACP (African American issues-oriented).

Step away from your stupid pills.

http://vodpod.com/watch/14596603-bill-maher-gop-always-plays-the-victim?

[nathanm]

Those really do not appear to be GOP-principled tax refunds, but I will wait for your source.

Ah, the no true Scotsman fallacy rears its ugly head. Explain to me what exactly a "GOP-principled tax [cut]" is, and perhaps we can have a productive discussion. If the jobs tax credit doesn't meet the bar, what would?

BTW, Conan, if you consider my interpretation of the numbers I post wrong, feel free to explain where I went wrong.

[guido911]

Ah, the no true Scotsman fallacy rears its ugly head. Explain to me what exactly a "GOP-principled tax [cut]" is, and perhaps we can have a productive discussion. If the jobs tax credit doesn't meet the bar, what would?

BTW, Conan, if you consider my interpretation of the numbers I post wrong, feel free to explain where I went wrong.

I'm done with you on this subject. YOU called me out and ran your damned mouth on the "tax cuts" in the stimulus was a product of compromise with the GOP. However, you have provided absolutely ZERO evidence that this was in any way a product of compromise with ANYONE but was in fact more of a product of Obama and the left looking to bail out the lower and middle classes. For proof, just look at who qualified for the $400 & $800 checks that made up a lion's share of the "tax cuts" you were chirping about. Not that it really means anything as a practical matter, but you have hot beef injected your credibility/believability as far as I'm concerned.

[nathanm]

I'm done with you on this subject. YOU called me out and ran your damned mouth on the "tax cuts" in the stimulus was a product of compromise with the GOP.

I can't help it if your memory doesn't go back as far as 2009. The stimulus didn't originally include so much in the way of tax cuts. In a failed attempt to get Republican votes, they put a bunch of tax cuts into it and shrank it by about $30 billion. Google News is your friend; it even allows you to search a specific date range.