How the Republican Government shutdown works

[Oldstyle]

Austerity might not be the answer. I never said it was. What I will say is that Barack Obama's decision to go after things like the ACA and Cap & Trade legislation coupled with calls for higher taxes was the exact wrong thing to do in the midst of a recession.

 

[Oldstyle]

If you've got millions of people out of work and a sluggish economy then what you DON'T do first is push for things that will hurt job creation yet that was what they did!

 

[rightwinger]

Well, I assume the point that you were attempting to make was that because this was such a large recession that the recovery should take longer to come back from? That's not historically accurate. Usually the steeper the decline...the steeper the recovery. Except of course the two examples that I mentioned...

What part of a major economic collapse leads to a rapid recovery?

Steep declines are generally followed by steep recoveries. I didn't make it up, Winger...it is what it is.

Show me the mechanics where failed businesses and millions of workers out of work are able to quickly recover

 

[bravoactual]

Barack Obama has overseen the worst recovery from a recession since FDR and the Great Depression years. That's not a partisan distortion...that's simply a fact.

It is a fact

You get the worst recovery when you have the worst economic collapse since the depression

Republican economic collapses are like that

Actually...if you study the history of recessions in this country you'll find that the bigger the recession the bigger the recovery. Except for two notable exceptions...the Great Depression (thanks to FDR's economic policies) and the Great Recession (thanks to Barry's economic policies)!

Actually in the last full quarter of 2008, over 1.5 Million Americans lost their jobs.

No one by the name of "Barry" was President at the time....his name was George.

 

[Dad2three]

Barack Obama has overseen the worst recovery from a recession since FDR and the Great Depression years. That's not a partisan distortion...that's simply a fact.

It is a fact

You get the worst recovery when you have the worst economic collapse since the depression

Republican economic collapses are like that

Actually...if you study the history of recessions in this country you'll find that the bigger the recession the bigger the recovery. Except for two notable exceptions...the Great Depression (thanks to FDR's economic policies) and the Great Recession (thanks to Barry's economic policies)!

Yes BECAUSE running a credit bubble on the US as both Harding/Coolidge AND Dubya did, which took the US economy (and worlds economy) into HUGE downturns where credit wasn't freely available AND there was no economic engine TO push the economy, was the Dems fault *shaking head*


HINT WHEN FDR LISTENED TO THE DEFICIT SCOLDS IN 1937, AFTER UNEMPLOYMENT WAS CUT IN HALF, HE CUT SPENDING BY 10% AND TOOK US BACK INTO THE GOP GREAT DEPRESSION!

 

[Dad2three]

If you've got millions of people out of work and a sluggish economy then what you DON'T do first is push for things that will hurt job creation yet that was what they did!

WELL TAX CUTS FOR THE RICH DID NOTHING FOR DUBYA'S ECONOMY RIGHT? lol

 

[Dad2three]

Austerity might not be the answer. I never said it was. What I will say is that Barack Obama's decision to go after things like the ACA and Cap & Trade legislation coupled with calls for higher taxes was the exact wrong thing to do in the midst of a recession.

Obama CUT taxes for 95% of US dumbass

"We cut taxes for 95 percent of working families."
— Barack Obama on Wednesday, January 27th, 2010 in a State of the Union speech

"We cut taxes. We cut taxes for 95 percent of working families. We cut taxes for small businesses," Obama said. "We cut taxes for first-time homebuyers. We cut taxes for parents trying to care for their children. We cut taxes for 8 million Americans paying for college."

Tax cut for 95 percent? The stimulus made it so

 

[Dad2three]

Well, I assume the point that you were attempting to make was that because this was such a large recession that the recovery should take longer to come back from? That's not historically accurate. Usually the steeper the decline...the steeper the recovery. Except of course the two examples that I mentioned...

What part of a major economic collapse leads to a rapid recovery?

Steep declines are generally followed by steep recoveries. I didn't make it up, Winger...it is what it is.

UNLESS there is nothing else in the economy to drive it


The Economic Blue Screen of Death

October 17, 2008

James Kennedy and Alan Greenspan, on the effect of mortgage equity withdrawals (MEWs) on the growth of the US economy.

Notice that in both 2001 and 2002, the US economy continued to grow on an annual basis (the "technical" recession was just a few quarters). Their work suggests that this growth was entirely due to MEWs. In fact, MEWs contributed over 3% to GDP growth in 2004 and 2005, and 2% in 2006. Without US homeowners using their homes as an ATM, the economy would have been very sluggish indeed, averaging much less than 1% for the six years of the Bush presidency. Indeed, as a side observation, without home equity withdrawals the economy would have been so bad it would have been almost impossible for Bush to have won a second term.

Now let's look at the update that James Kennedy posted last week to his numbers. While he does not have an update to the chart above, we do have the actual numbers for new mortgage equity withdrawals through the second quarter of this year. And what they show is MEWs simply withering on the vine. The engine of our GDP growth has essentially been turned off. Look at the fall in the numbers for yourself:

In 2005 there was almost $595 billion in mortgage extractions that went into some kind of consumer spending. Remember, according to the graph above, that translated into a 3% rise in GDP. In 2007, MEWs were down to $470 billion, for a boost of 2% to GDP.

The second quarter of 2008 saw an anemic $9.5 billion. At that run rate, we could see a drop-off of over 90% from 2005! Now, think what the second quarter would have been without the federal stimulus program of $150 billion. It might have looked and felt like this quarter!


The Economic Blue Screen of Death


lol

 

[Statistikhengst]

First, congressional conservatives, mostly in the House but sometimes with the assistance of a senator or two (especially Ted Cruz), find something they're really mad about and threaten to do something drastic.

The conservatives say unless they get what they want, they'll withhold their support for the next CR that will keep the government operating.

Their leaders, understanding the history of government shutdowns, tell them that it really won't accomplish anything and will only hurt Republican goals.

The insurgent conservatives get lots of support from right-wing talk radio, telling them to stand up for principle and stick it to all those Washington insiders.

Eventually, the CR passes, usually with the support of Democrats. The conservatives say that their leaders have betrayed them.


How the upcoming government shutdown fight will help Donald Trump

Rinse, repeat


.

OH, goody-goody!!! Another famous Gubbermint shutdown!
Surely Cruz will show em this time!!

lol...

 

[Statistikhengst]

You got me on that one, but Clinton didn't close the park system down that I remember.

If he didn't he should have, since there's no one there to protect or maintain them.

So you're saying the best time to go party at a federal park is during a shutdown.
Gotcha. Thx. .

Probably. That's why they put barricades around the monuments. To protect them during the shutdown.

No. The barricades were a message. Obama's middle finger.

You deserved it for your $24 Billion dollar temper tantrum.

Pssshaw! What's 24 Billion under Tea Partying friends, I ask you?!?!?!?

 

[Statistikhengst]

OBAMA (and his Democrats running Congress) set national records for 'Monthly', 'Annual', and 'Total' deficit Spending. Obama added more debt in his 1st 4 years than EVERY US President from Washington to Bush ... COMBINED!

Hell, Reagan almost tripled the debt of all presdents before him combined and righties think he's a demigod.

This statistic is absolutely: CORRECT.

 

[ScienceRocks]

First, congressional conservatives, mostly in the House but sometimes with the assistance of a senator or two (especially Ted Cruz), find something they're really mad about and threaten to do something drastic.

The conservatives say unless they get what they want, they'll withhold their support for the next CR that will keep the government operating.

Their leaders, understanding the history of government shutdowns, tell them that it really won't accomplish anything and will only hurt Republican goals.

The insurgent conservatives get lots of support from right-wing talk radio, telling them to stand up for principle and stick it to all those Washington insiders.

Eventually, the CR passes, usually with the support of Democrats. The conservatives say that their leaders have betrayed them.


How the upcoming government shutdown fight will help Donald Trump

Rinse, repeat


.

OH, goody-goody!!! Another famous Gubbermint shutdown!
Surely Cruz will show em this time!!

lol...

Both parties need moderates to win...Well, we don't like our government shut down NOT one fucking bit...

So yes, shut it down dickpublicans and see how it goes. Dumbasses.

 

[Statistikhengst]

Can you name the specific Obama programs that led to this massive debt?

I'd like to see them

President Obama added over $6 Trillion to the national debt in only 4 years, and that is after declaring Bush to be 'Un-Patriotic' for adding only $4 Trillion in 8 (EIGHT) years...during 2 wars, 9/11/01, and the economic shutdown caused by 9/11/01. (Liberals never like to talk about how the govt control the nation's purse strings and that DEMOCRATS controlled that budget and those purse strings with a super-majority control of the House and Senate for the last 2 years of the Bush administration through the 1st 2 years of the Obama administration...so any economic dip experienced that Obama inherited was OWNED by the Democratic party that controlled both houses of Congress....NOT BUSH!)

OBAMA (and his Democrats running Congress) set national records for 'Monthly', 'Annual', and 'Total' deficit Spending. Obama added more debt in his 1st 4 years than EVERY US President from Washington to Bush ... COMBINED!

Obama's FAILED Stimulus Bill, falsely 'sold' as a jobs creation bill, cost nearly $1 TRILLION Dollars ($875 BILLION) and contained an Obama-Promise-Breaking 7,000 pieces of DNC-ONLY PORK. It contained such FAILED programs as 'Cash for Clunkers' which caused used car prices to sky rocket (used cars turned in were destroyed - hurting poor families who could not afford new cars) .. and in the end the cost to taxpayers for EVERY JOB claimed to have been 'created / saved' was $742,000!

That's a good start.... NOW please start making excuses, whining, defending Obama, declaring 'uh-uh', and claiming how Obama was just another 'victim' who was handed a bad hand (by a DNC super-Majority-controlled Congress, not Bush), how he was forced at gunpoint to pass the Stimulus bill, how it was somehow Bush's fault that the US Credit Rating was down-graded for the 1st time in US history even though it was Obama who was warned that if he failed to accept more budget cuts to show he was serious about lowering the deficit (which he refused to do) that it would result in the down-grade!

Show us some more of that buck-passing, liberal lack of accountability, and 'disease' that is demonstrated by always blaming a man who hasn't been President for nearly a decade rather than addressing the guy who has been in office for the last 7 years and who is in office NOW! Tell us again how Obama has been an asterisk in the history books as US President because he has been completely over-shadowed as a victim of the Bush administration! LOL! (Carter may be dying, but at least he can die happy now knowing he won't go down in history as the worst President, that Obama has taken that title from him before he passes!)

When Bush left office the national debt was $10.6 Trillion he was responsible for all of that. Why didn't he balance the national books like all custodians of debt are supposed to?

Actually it was more like 13 trillion.

The bush boy kept his wars and prescription drug benefit off the budget. They were all funded by "emergency" bills for funding.

When Obama was elected and took office that debt was added to the budget. All of a sudden the national debt skyrocketed to around 13 trillion dollars.

Oddly, the entire debt became Obama's and the Republican presidents who could not perform a basic accounting function all became Obama's problem. I really like the way they pulled that off.

Creative Bookcooking 101

 

[bravoactual]

Shrinking Deficit. Unemployment at 5.3%. As opposed to Trillions of Dollars of Deficit left by the shrub and 1.5 Milliion {eople who lost there jobs under the former deserter-in-chief.

 

[bravoactual]

A message to the so-called "Christian" Kim Davis from her home town.

 

[Oldstyle]

Barack Obama has overseen the worst recovery from a recession since FDR and the Great Depression years. That's not a partisan distortion...that's simply a fact.

It is a fact

You get the worst recovery when you have the worst economic collapse since the depression

Republican economic collapses are like that

Actually...if you study the history of recessions in this country you'll find that the bigger the recession the bigger the recovery. Except for two notable exceptions...the Great Depression (thanks to FDR's economic policies) and the Great Recession (thanks to Barry's economic policies)!

Actually in the last full quarter of 2008, over 1.5 Million Americans lost their jobs.

No one by the name of "Barry" was President at the time....his name was George.

So why did the President who WAS named Barry decide that what we REALLY needed to do with 1.5 million Americans losing their jobs in one quarter was to pass the ACA, Cap & Trade and raise taxes on the wealthy?

Why would you do things that cost jobs when people not having a job is the biggest problem that the country is facing?

 

[Oldstyle]

Austerity might not be the answer. I never said it was. What I will say is that Barack Obama's decision to go after things like the ACA and Cap & Trade legislation coupled with calls for higher taxes was the exact wrong thing to do in the midst of a recession.

Obama CUT taxes for 95% of US dumbass

"We cut taxes for 95 percent of working families."
— Barack Obama on Wednesday, January 27th, 2010 in a State of the Union speech

"We cut taxes. We cut taxes for 95 percent of working families. We cut taxes for small businesses," Obama said. "We cut taxes for first-time homebuyers. We cut taxes for parents trying to care for their children. We cut taxes for 8 million Americans paying for college."

Tax cut for 95 percent? The stimulus made it so

Yeah, that $400 one time tax credit was EPIC! So you and I got a $400 tax credit...and Solyndra got 550 million! Nice job on that "stimulus", Barry!

 

[Oldstyle]

You're too stupid to realize that paltry $400 was only done so that Barry could claim that he kept his campaign promise that he'd lower taxes for 95% of Americans.

 

[Dad2three]

Barack Obama has overseen the worst recovery from a recession since FDR and the Great Depression years. That's not a partisan distortion...that's simply a fact.

It is a fact

You get the worst recovery when you have the worst economic collapse since the depression

Republican economic collapses are like that

Actually...if you study the history of recessions in this country you'll find that the bigger the recession the bigger the recovery. Except for two notable exceptions...the Great Depression (thanks to FDR's economic policies) and the Great Recession (thanks to Barry's economic policies)!

Actually in the last full quarter of 2008, over 1.5 Million Americans lost their jobs.

No one by the name of "Barry" was President at the time....his name was George.

So why did the President who WAS named Barry decide that what we REALLY needed to do with 1.5 million Americans losing their jobs in one quarter was to pass the ACA, Cap & Trade and raise taxes on the wealthy?

Why would you do things that cost jobs when people not having a job is the biggest problem that the country is facing?

DUMBASS, ACA PASSED OVER 1 YEAR LATER


Cap and trade was originally a Republican idea...BUT NEVER PASSED IN CONGRESS DUMBASS

American Clean Energy and Security Act - Wikipedia, the free encyclopedia



AND TAX CUTS ON THOSE MAKING $400,000+ A YEAR TOOK EFFECT JAN 2013 YOU POS


UNEMPLOYMENT AT 5.1%, 8 MILLION JOBS UNDER OBAMA!!!!

 

[Dad2three]

Austerity might not be the answer. I never said it was. What I will say is that Barack Obama's decision to go after things like the ACA and Cap & Trade legislation coupled with calls for higher taxes was the exact wrong thing to do in the midst of a recession.

Obama CUT taxes for 95% of US dumbass

"We cut taxes for 95 percent of working families."
— Barack Obama on Wednesday, January 27th, 2010 in a State of the Union speech

"We cut taxes. We cut taxes for 95 percent of working families. We cut taxes for small businesses," Obama said. "We cut taxes for first-time homebuyers. We cut taxes for parents trying to care for their children. We cut taxes for 8 million Americans paying for college."

Tax cut for 95 percent? The stimulus made it so

Yeah, that $400 one time tax credit was EPIC! So you and I got a $400 tax credit...and Solyndra got 550 million! Nice job on that "stimulus", Barry!

40% OF STIMULUS WAS TAX CUTS DUMBFUK

Solyndra? Dubya's thing?

Solyndra=1% of DOE energy money


Reuters: Venture Capitalists Point To Solyndra As One Of The Top 10 Companies "Ripest" To Go Public. Reuters reported in August 2009:
Investors eye top startups as IPO market awakens - Aug. 19, 2009


Market Conditions Shifted Significantly from 2009 to 2011


"advantages that were more important in 2009 when it received a $535 million U.S. loan guarantee to build a factory" than they are now, noting that the price of the silicon-based panels with which Solyndra was competing "has fallen 46 percent since then."
Obama’s Solar Bets May Avoid Solyndra’s Fate With Low Costs

Bush Admin. Advanced16 Projects, Including Solyndra, Out Of 143 Submissions
Hearings and Votes | Energy & Commerce Committee

DOE Under Bush Admin. Set Out Timeline For Completing Solyndra Review
http://energy.gov/sites/prod/files/Solar Background Document 1.pdf