Does Obama Understand Economics?

[The Rabbi]

The debate over the Keystone Pipeline reveals our president's grasp of economics is almost as bad as some of the posters here. Hey, Mister President, look up the word "fungible" in the dictionary.

Obama criticized the project during a trip to Asia late last week, saying it would not lower fuel prices for drivers, but would allow Canada to "pump their oil, send it through our land, down to the Gulf, where it will be sold everywhere else."

Keystone Senate vote hangs in balance after Obama remarks - Yahoo News

 

[gtopa1]

Not sure he understands "value adding" seein' that he never added any value to anything in his life.

Greg

 

[zeke]

Rabbit you have made yourself the fool for days and days with your bullshit about "business" I mean you have really made yourself look fucking stupid.

Now you want to know if the President understands "business".

You should try and understand "business" yourself. As in you ought to get a fucking JOB. That would help you a lot.
Got a Blatz in your shopping cart?

 

[deltex1]

The debate over the Keystone Pipeline reveals our president's grasp of economics is almost as bad as some of the posters here. Hey, Mister President, look up the word "fungible" in the dictionary.

Obama criticized the project during a trip to Asia late last week, saying it would not lower fuel prices for drivers, but would allow Canada to "pump their oil, send it through our land, down to the Gulf, where it will be sold everywhere else."

Keystone Senate vote hangs in balance after Obama remarks - Yahoo News

Jon Gruber fed him that line.

 

[TakeAStepBack]

Rabbit you have made yourself the fool for days and days with your bullshit about "business" I mean you have really made yourself look fucking stupid.

Now you want to know if the President understands "business".

You should try and understand "business" yourself. As in you ought to get a fucking JOB. That would help you a lot.
Got a Blatz in your shopping cart?

He asked if the president understands economics, not business. All that bleating on and on about how he's failed for days and days and then this is how you get on with your rant?

Do you know the difference between economics and business? Was that just a slip or mistake? Or are you just trying to remove all doubt about where you stand intellectually?

 

[Geaux4it]

Of course. He understands all the gifts the unions have to offer. He considers Detroit to be a monument of liberal success

-Geaux

 

[zeke]

He asked if the president understands economics, not business.

You think the pumping of oil through the Keystone pipeline is not "business"? Really.

What does "economics", "Obama", a "rabbit" and the "Keystone pipeline" all have ion common?

Better question from the rabbit, seeing as how he's using the pipeline as his prop, would be to question if Obama understands the oil business.

But what part of the statement by Obama concerning the pipeline is not true?

Will the oil be from Canada? Why yes it will.
Will the oil be transported across the USA? Yes it will.
Will it be refined and sold as gasoline in the USA? No it won't.
Will it help create jobs? A few.
Would you want that pipeline running across your drinking water source? No I wouldn't.

Lets just say this. When you republicans get that pipeline, you should hope that it is all the things you all claim it will be.

If not, this is one person that will pound on you guys for another failure of Republican thought process.

 

[zeke]

Of course. He understands all the gifts the unions have to offer. He considers Detroit to be a monument of liberal success

Oh yea, you republican hate HATE you some unions.

Hey stupid, you know all those jobs you claim the pipeline will create? Union jobs.

You know that war you want us in? All those defense industry jobs you will rely on for your war, those are union jobs.

So get the fuck off how you all hate you some unions. They are your best friends when they are building something you want.

 

[LordBrownTrout]

He never had a job. How would he know economics.

 

[Billy000]

The debate over the Keystone Pipeline reveals our president's grasp of economics is almost as bad as some of the posters here. Hey, Mister President, look up the word "fungible" in the dictionary.

Obama criticized the project during a trip to Asia late last week, saying it would not lower fuel prices for drivers, but would allow Canada to "pump their oil, send it through our land, down to the Gulf, where it will be sold everywhere else."

Keystone Senate vote hangs in balance after Obama remarks - Yahoo News

Oh please you so obviously know nothing about economics or much of anything to do with political affiliation. You're just a pawn. Republicans say the keystone pipeline needs to be built and you just nod your head like the puppet you are. You're too much of a moron to think for yourself.

 

[zeke]

Of course. He understands all the gifts the unions have to offer. He considers Detroit to be a monument of liberal success

Oh yea, you republican hate HATE you some unions.

Hey stupid, you know all those jobs you claim the pipeline will create? Union jobs.

You know that war you want us in? All those defense industry jobs you will rely on for your war, those are union jobs.

So get the fuck off how you all hate you some unions. They are your best friends when they are building something you want.

Where the fuck did you go go? Don't you want to talk about unions no more. Come on dude.

 

[Geaux4it]

Of course. He understands all the gifts the unions have to offer. He considers Detroit to be a monument of liberal success

Oh yea, you republican hate HATE you some unions.

Hey stupid, you know all those jobs you claim the pipeline will create? Union jobs.

You know that war you want us in? All those defense industry jobs you will rely on for your war, those are union jobs.

So get the fuck off how you all hate you some unions. They are your best friends when they are building something you want.

Where the fuck did you go go? Don't you want to talk about unions no more. Come on dude.

Hey, just because Clinton walked the center of the isle at the end, does not excuse the previous damage incurred. I support the Keystone pipeline bit because it is the right thing to do. We need to become more independent relative to oil. Have to start somewhere.

Oh, and hey there LIV, all government contracts of this size will be awarded to union labor.

Now back to that great job the unions did in Detroit. LMAO

-Geaux

 

[rightwinger]

Obama understands that Keystone does not do jack shit for the American People
Republicans understand that they must support anything that assists Big Oil

 

[georgephillip]

The debate over the Keystone Pipeline reveals our president's grasp of economics is almost as bad as some of the posters here. Hey, Mister President, look up the word "fungible" in the dictionary.

"fun·gi·ble
ˈfənjəbəl/
adjective
LAW

1. (of goods contracted for without an individual specimen being specified) able to replace or be replaced by another identical item; mutually interchangeable.
   'money is fungible—money that is raised for one purpose can easily be used for another.'

When ExxonMobil, Chevron, Shell, and BP eliminated over 11000 US employees between 2005-2010 while earning $546 billion in profits and paying their executives nearly $220 million, whose economic purpose did that serve?

5 Reasons Why the Keystone Pipeline is Bad for the Economy Labor Network for Sustainability

 

[NYcarbineer]

The debate over the Keystone Pipeline reveals our president's grasp of economics is almost as bad as some of the posters here. Hey, Mister President, look up the word "fungible" in the dictionary.

Obama criticized the project during a trip to Asia late last week, saying it would not lower fuel prices for drivers, but would allow Canada to "pump their oil, send it through our land, down to the Gulf, where it will be sold everywhere else."

Keystone Senate vote hangs in balance after Obama remarks - Yahoo News

Did you know that Canada currently sells the US crude at a discount to world market prices?

 

[The Rabbi]

Rabbit you have made yourself the fool for days and days with your bullshit about "business" I mean you have really made yourself look fucking stupid.

Now you want to know if the President understands "business".

You should try and understand "business" yourself. As in you ought to get a fucking JOB. That would help you a lot.
Got a Blatz in your shopping cart?

So Zeke, is that a yes or a no? Does the president understand economics?