Pres. Obama's speech: Jobs and other good stuff

Post Reply New Topic

edit

Last edited by x_amount_of_words on 04 Feb 2010, 12:16 am, edited 2 times in total.

interesting you mention that . I work with elderly people with Medicare replacement plans that the Congress of 2005 created along with the Medicare Part D (of the dreaded 'donut hole') Congress of 2005 set up a subsidy for the Medicare replacement plans making them wildly inexpensive to purchase and pay the 20% that Medicare doesn't pay to start cutting back in 2010. So our premium rates went up this year when Medicare stopped reimbursing us the amount needed to support the benefits.

Without exception, our members scream and cry and spat the name Obama was the reason their premiums went up, when it had nothing to do with it.

Obama is just convenient to blame.

This may go a little off topic but I was reading some articles about Obama on Associated Content and I must say it's rather depressing when liberals think so little of Conservatives and Republicans because their assumption is that we didnt vote for Obama because he is black or because Palin and McCain are hardcare Christians that we would all be suckers to follow. In short the far right is considered nothing short of thoughtless sheep from the perspective of the far left. Never mind the fact that some people actually listened to the issues that both candidates addressed and made their decision based on which candidate had the better plan to save the economy of the country without destroying it in the process and didnt made their vote based on generic speeches or late night talk show appearances. This not to say I am majorly against Obama but I just find closemindedness is a two-way street and I laugh at both sides.

Of course Obama's State of the Union address was the biggest comedy of Wednesday night TV. I'm pretty sure there was an electronic sign installed in that room to tell everyone when to laugh and when to applaud.

Sorry, but the far right truly is a bunch of moronic sheeple, and so is the far left.

have you seen this ? I thought it was interesting.

Obama in the Republican lions' den: Obama 2, lions 1

and without a teleprompter! I wonder if he has a bit of a speech impediment in the manner he responds to questions.

I did and was disheartened. One, by the fact that Obama did nothing but shift the conversation and outright BS anyone watching and two by the Republicans not calling him out on it.

A good example is the exchange between Price and Obama. The President never answered the question, but that's hardly my beef. Price provided a specific bill (HR 3400) that allegedly provides health coverage to all Americans, corrects insurance challenges, solves lawsuit abuse issue and writes into law medical decisions are between patients and doctors--all without raising taxes a single penny. From there, three times Obama scoffed at the notion of achieving all that without costing a penny; therein lies a huge problem.

Raising taxes a penny and costing a penny are not the same thing. Instead, Obama spends his whole answer suggesting the idea presented didn't fit the criterion of actually being able to work on the basis that it cannot be achieved and cost nothing. I'm not saying this HR 3400 is all that and a bag of chips (baked ones that is); however, after the verbal garbage our president felt like spewing, it's unlikely we'll see any serious debate on achieving those goals without raising taxes.

Personally, while I can't speak to HR3400, I'm willing to place my chips on the notion that those things can indeed be accomplished, without raising taxes--but we'll never know 'cause Obama won. Hooray.

Ding ding ding. And Obama has no real power unless he goes around the Congress or scares the American people into making Congress do something (ala Bush). It doesn't matter which party is in power. There are 535 members of Congress who've been purchased by Corporate America to do their bidding. They have zero interest in what's good for all of America.

I believe this fits here:




Oh, and by the way, the idea comes from a brief clip on the news with Glenn Beck and Bill O'Reilly doing a show together. If I recall correctly, Beck made a brief comment referring to Biden and Pelosi as Ren and Stimpy . . . so, here it is!!

Talk is cheap.

ruveyn

Obama is extremely conservative. The other day he stupidly compared the country's debt to that of a household - playing into the hands of the bloodletting and leeches crowd. It's not the same at all! The problem in the U.S. is that too many people believe this nonsense and educating people about the truth would seem to start by saying that this is not so, but instead Obama does the opposite.

Obama should say that there's no need to worry about deficits, in fact he should embrace deficits, as they are the only way to plug the output gap. He should remind everyone that there's no way that the U.S. federal government can possibly not provide every last cent that it has committed to others, that includes everything, the bonds held by China, the Social Security, everything, it is not possible for the Federal government to default, such a thing is outside the realm of possibility. This so-called deficit, this money is in American casino chips issued by the house, the federal government, and there is always some more if needed.

The big risk, the risk of major inflation, that risk only exists if the economy collapses and supply collapses and output collapses and that is made more likely if austerity is practiced. Right now, Japan's debt is 200% of its GDP and they still have problems with deflation!

I just plain do not trust anything that comes out of that man's mouth...

It is true there is no way out, even a reduction of services would topple the world.

Default is impossible, so the dollar will become smaller. It was 1963 or so when we went off silver coins, and now a dollar of that is worth $15. That leaves the current dollar at $0.07.

Dollars will become dimes.

That makes the market much worse over the last decade, when it went from 10,000 back to 10,000.

In constant dollars, it is Dow 5,000 to 7,000. It is still over priced compared to historic Price/Earnings ratios.

Housing was the main growth engine, all local jobs, and there was no getting off that train till it jumped the tracks.

Credit card debt funded malls, cars, and like housing, it had to keep growing, till.

It was not bad choices made by government, or wars, we pay the troops anyway, and use up as much in training, that supports war industries, which are horrible, but not as horrible as they wars that come from not being over prepared.

The last bubble, the internet, made a lot of money, then made a lot more vanish. The profits were paper, the losses dollars.

It was hype, but also hope, for we were on the skids even with the computer age.

The computer made us more productive, just as layoffs now do, but they can not change a declinimg economy.

The tax income that funds all levels of government is falling, and will continue to fall.

Declining property values, less spending, the tax free internet, lower incomes, less employed, there is no fix.

There is only one choice, the one taken, trillion dollar deficts for the next decade, and reducing the dollar to a dime. We are borrowing money to make the payments on the money we borrowed.

The lenders have no choice, if they sold our debt, the price would fall. They would lose more than they could gain, and so would their customers. China holds two trillion, when the dollar declined 5%, they lost big time. Dollars, Yen, Euros, are staying equal, all declining together.

The debt is like a family, wait long enough they will all be dead.

Think what you will but the economic problems of a hundred years ago were worse. Since this debt Ponzi started we have only had minor downturns. Everyone is getting their unemployment, Social Security, food stamps, goods are cheap, rents falling, and the lowest price of gas I remember, about 1960, was $0.18. In silver, during a price war, and that is now $2,75 a gallon. Gas got cheaper, cars get better mileage, on better roads.

It is a stable world, the poor of Russia, Brazil, India, China, are getting some of the good stuff,

As the only country not flattened by WWII, America was 75% or the world economy, and imported 90% of the raw materials. It is still the largest economy, and imports more finished goods.

During our recent full employment, companies were looking in jails for workers, and no one wanted a lot of jobs that Mexicans could not do, So call centers went to the Phillipines, India, and my AOL service in Manila, was a nice guy, and full impressed at having a piece of the American pie.

Xi Pi high fived Wen Wu at the Long March Factory #4 and said, Dude, we are building Dell laptops, Wu says, beats farming rice!

In a world that spent 95% of their income on food, and everyone worked, then died at 43, they now have kids in school, make more than food, and own consumer goods.

The West has been pushing this idea since the first Adam Smith, The Wealth of Nations, that when people do what they do best and export the surplus, everyone gets a better deal. It is working, it is a world economy now, still in American dollars.

What America does best is create jobs.

Nothing lasts. Over every decade half of the Fortune 500 have gone out of business, they were replaced. So the smoke stacks are gone, steel is made somewhere else, our air and water are cleaner.

Millions built cars, they sold for $2500, now 100,000 make cars, good Fords, that sell for $15,000 which is $1,000 in 1960 prices. Millions of ex steel workers and auto workers found other jobs.

This computer cost $2,800, I can replace it with much better for $500, in cheaper dollars, but I bought one almost as good as new for $31 on ebay, a monitor for $12 in a thrift store, P4, 512Mb, 80Gb, clean install of XP Pro.

Life is good and getting better.

The only problem we face is Aspie Youth, playing video games when they should be creating jobs!

Talk is cheap. Results are dear.

ruveyn