Should Obama ask for additional fiscal stimulus now?

[theeedude]

He got political capital from OBL killing. Economy needs new fiscal stimulus to avoid sliding back into recession. Austerity is turning into an self inflicted economic debacle in the UK.
Put the economic necessity and political opportunity together, and now is the time to get this done. If GOP wants to block it and take the blame, let them do it, but Obama needs to do what's right for America and get another stimulus passed.

 

[Fear No Evil]

/Facepalm

/Thread

 

[glenn1]

He got political capital from OBL killing. Economy needs new fiscal stimulus to avoid sliding back into recession. Austerity is turning into an self inflicted economic debacle in the UK.
Put the economic necessity and political opportunity together, and now is the time to get this done. If GOP wants to block it and take the blame, let them do it, but Obama needs to do what's right for America and get another stimulus passed.

Nice pipe dream.

 

[FuzzyBee]

Wait - the country is up to our eyeballs in debt, and your solution is to borrow *more*?

 

[cwjerome]

If you want Obama to engage in a classic case of overreach, then yes he should. And if you think the US is anything close to being "austere" then shoot yourself in the face.

 

[wuliheron]

What do you think this is, some kid asking mom and dad for their allowance after cleaning their room?

Obama needs to focus on getting reelected and promoting the democratic party. That means dealing with the deficit and doing what he can to stimulate the economy. His recent success with both The Donald and Osama put him in a better position to haggle with the conservatives over what gets cut and by how much, but that's about it.

 

[theeedude]

Wait - the country is up to our eyeballs in debt, and your solution is to borrow *more*?

You aren't going to economically contract your way out of debt.

 

[theeedude]

What do you think this is, some kid asking mom and dad for their allowance after cleaning their room?

Obama needs to focus on getting reelected and promoting the democratic party. That means dealing with the deficit and doing what he can to stimulate the economy. His recent success with both The Donald and Osama put him in a better position to haggle with the conservatives over what gets cut and by how much, but that's about it.

Deficit should be a non-issue until the economy recovers. The bond markets are willing to lend money at record low interest rates, so it's a non-issue to people actually putting their money where their mouth is. It's only an issue to some loud mouth tea-baggers. We need to take full advantage of the bond markets to make sure the economy does not relapse into recession.

 

[BoberFett]

If opening an egg with a hammer makes a lousy omelette, clearly the problem was that you didn't use a big enough hammer.

 

[BoberFett]

And I also love that senseamp is fully in support of putting more money into the pockets of the wealthy while nailing the lower and middle classes with more inflation. Democrats couldn't be dumber if they tried.

 

[theeedude]

If opening an egg with a hammer makes a lousy omelette, clearly the problem was that you didn't use a big enough hammer.

This economic crisis is not an egg. Cracking it is going to take a VERY big hammer.

 

[theeedude]

And I also love that senseamp is fully in support of putting more money into the pockets of the wealthy while nailing the lower and middle classes with more inflation. Democrats couldn't be dumber if they tried.

Inflation is nowhere on the horizon, if it shows up, then we can take back the stimulus. I do want the spending targeted to lower and middle class, even if GOP will try to steer it to the wealthy.

 

[nick1985]

Inflation is nowhere on the horizon

I want some of whatever you're smoking. Must be some good shit.

 

[JS80]

New wealth transfer scheme that will take away from me? No thanks.

 

[Ponce]

"No Export = No Recovery"... Ponce

The rich people didn't beome rich by dealing among themself but rather by dealing with others to bring in fresh money.......besides, we are importing to much... and the new wars of "liberation" takes away the little that we do have.

 

[manimal]

I personally think that additional stimulus would help get consumption numbers up enough to spur some hiring but politically it would be terrible right now.

 

[manimal]

"No Export = No Recovery"... Ponce

The rich people didn't beome rich by dealing among themself but rather by dealing with others to bring in fresh money.......besides, we are importing to much... and the new wars of "liberation" takes away the little that we do have.

welcome to the forum!


btw are you new new or new alt new?


serious question

 

[wuliheron]

Deficit should be a non-issue until the economy recovers. The bond markets are willing to lend money at record low interest rates, so it's a non-issue to people actually putting their money where their mouth is. It's only an issue to some loud mouth tea-baggers. We need to take full advantage of the bond markets to make sure the economy does not relapse into recession.

Don't fool yourself. These aren't scientists and philosophers we're talking about. They're politicians with constituencies screaming for blood and a balanced budget. The Tea Baggers just represent the extreme views. Dogma is the order of the day and they want at least token cuts even it means shooting themselves in the foot.

 

[theeedude]

I want some of whatever you're smoking. Must be some good shit.

Core inflation is very low. You may be spending more on energy and food, but housing is getting cheaper to buy enough to offset that. Plus we got huge unemployment, so labor is cheaper too.

 

[theeedude]

New wealth transfer scheme that will take away from me? No thanks.

A relapse into a recession will take away from everyone. The important thing is that we get the economy firmly on a path to recovery.

 

[glenn1]

Deficit should be a non-issue until the economy recovers. The bond markets are willing to lend money at record low interest rates, so it's a non-issue to people actually putting their money where their mouth is. It's only an issue to some loud mouth tea-baggers. We need to take full advantage of the bond markets to make sure the economy does not relapse into recession.

You must be getting ideas from some myopically partisan website like democraticunderground.com, where people argue ferociously about whether Obama is a right-wing sellout or a fascist right-wing sellout. But in this reality, another stimulus isn't happening and you're delusional to even suggest it's possible. There's as much a chance for that as there is that the Republican House will pass universal healthcare or reparations for African-Americans.

 

[theeedude]

You must be getting ideas from some myopically partisan website like democraticunderground.com, where people argue ferociously about whether Obama is a right-wing sellout or a fascist right-wing sellout. But in this reality, another stimulus isn't happening and you're delusional to even suggest it's possible. There's as much a chance for that as there is that the Republican House will pass universal healthcare or reparations for African-Americans.

Then let Obama ask for it, and let them do nothing and be held to account for doing nothing if the economy slides back into recession come next year.

 

[cubby1223]

He got political capital from OBL killing. Economy needs new fiscal stimulus to avoid sliding back into recession. Austerity is turning into an self inflicted economic debacle in the UK.
Put the economic necessity and political opportunity together, and now is the time to get this done. If GOP wants to block it and take the blame, let them do it, but Obama needs to do what's right for America and get another stimulus passed.

So...

You think what is best for this country, is to take what is one of few things this whole country can collectively celebrate - and turn it into partisan ideological ammunition?

Excellent thinking there! Love your go-get-'em spirit!

 

[theeedude]

So...

You think what is best for this country, is to take what is one of few things this whole country can collectively celebrate - and turn it into partisan ideological ammunition?

Excellent thinking there!

I didn't say link the two. I said use the political capital and good will to get done what the country needs to get done to avoid a retreat into economic recession, which is additional job creating fiscal stimulus.

 

[Darwin333]

You aren't going to economically contract your way out of debt.

Please demonstrate the math that shows we will economically grow our way out of the debt.

We are pretty fucked either way but one way gets us eventually unfucked and the other doesn't. We have, and will, choose the latter.