WTF has Obama done so far?

• Zid wrote on 2010-11-04 16:29
  Pretty interesting.
  
  There are a few answers in there that some people don't actually agree with though.
• Chockeh wrote on 2010-11-04 20:51

  Quote from Byte;203456:

  [Image: http://i54.tinypic.com/24mutcz.png]

  
  
  Best picture ever. Tell me why.

  
  1337?
• Adelynn wrote on 2010-11-04 22:06
  I'm so glad I saw that without needing to look for the answer first. XD
• Chillax wrote on 2010-11-04 23:18

  Quote from Omegatronic;203841:

  Only if they save their money in the freezer or under their mattress.

  
  
  I was assuming that businesses and the majority of consumers wouldn't take out new loans from the banks. I was also assuming investment banking wouldn't come into play. Maybe I assumed too much.
• Spartaaaaa wrote on 2010-11-04 23:44

  Quote from Andy-Buddy;203493:

  2. Lowering taxes would put America into an even worse debt than before. Why do people always think "lower taxes = better economy"?

  
  
  Lowering taxes would force the government to spend less and give the market mechanism a chance to fix things up. The market will almost always be more efficient than government intervention and give more optimal results. Low taxes would also put more money into the hands of consumers and investors who stimulate the economy.
  
  

  that's like saying that you can win in starcraft after your base was totaled.

  
  
  No problem! Just construct additional pylons and you'll be all set.
• Andy-Buddy wrote on 2010-11-04 23:56

  Quote from Spartaaaaa;204220:

  Lowering taxes would force the government to spend less and give the market mechanism a chance to fix things up. The market will almost always be more efficient than government intervention and give more optimal results. Low taxes would also put more money into the hands of consumers and investors who stimulate the economy.

  
  
  Well that was the outlook during WWII, when they believed that government intervention wouldn't help at all.
  
  Then look at the Great Depression.
  
  
  
  It's really hard to say that the Government can't help, when it can.
  
  
  Also, they're already cutting the spending, so I wouldn't too much about that.
• wolfram wrote on 2010-11-05 16:27

  Quote from Andy-Buddy;204239:

  Well that was the outlook during WWII, when they believed that government intervention wouldn't help at all.
  
  Then look at the Great Depression.
  
  
  
  It's really hard to say that the Government can't help, when it can.
  
  
  Also, they're already cutting the spending, so I wouldn't too much about that.

  
  
  WW2 was seen as a war that had nothing to do with us until the Japanese bombed Pearl Harbor with the intent of crippling our Pacific fleet and dominating the Pacific Ocean with their now superior naval forces if the plan had worked to perfection. Obviously it did not, as the air craft carriers where not present in the Harbor on that day. This was a time when America was still in its Isolationism phase, which WW2 brought us out of.
  
  Federal Programs didn't bring us out of the Great Depression. The Great Depression of the 1930's ended when the U.S entered World War II. With the United States having to fight a war, the productiveness of America's Economy shot through the roof to supply the Allied Forces with Arms, Vehicles, and Food Supplies. With so many men off for the war effort, companies hired even more workers, namely women workers getting hired to keep up with production needs. The mass production of needed items caused the economy to boom.
  
  To Modern Times:
  Just in the term of federal government deficit spending, our current administration for this fiscal year, themselves, projects a 1.75 trillion dollar deficit. Current government spending tops out this fiscal year at 3.2 trillion dollars. Next Fiscal year's projects project a similar amount of deficit spending of $1.5-1.6 trillion dollar deficit. Cutting spending?
  
  The Former Administration also ran up deficits but at the maximum total deficit spending for 1 year was $420 billion dollars in deficit spending. $420 billion in the last year of the former administration.
  
  If you more then triple the last administration in deficit spending and then cut from there, it is a cut, not much, but its still a cut. 420 billion to 1.75 trillion to 1.5 trillion. See the cut?