’)
From the people who brought you John McCain’s “the fundamentals of the economy are strong”. Republicans remain completely and absolutely out of touch with the people.
The Virginia Republican, speaking to reporters at the Christian Science Monitor breakfast Thursday morning, praised Rush Limbaugh for his “ideas” and for avoiding the Democratic error of “overreacting, if you will, which this town often does, to crisis.. Rahm Emanuel said, ‘We’re not going to miss the opportunity to take advantage of this crisis because we’re going to do all the things we couldn’t get done before.”
The number of people filing new jobless claims jumped unexpectedly last week, while those continuing to receive benefits hit a 10th straight record-high. Both figures show the labor market remains weak and is unlikely to recover anytime soon, despite some signs the economy’s decline is moderating.
And that, friends, is why it is impossible to take a party seriously when it elevates someone as clueless to a position of leadership.
>> Audio Of Eric Cantor Worrying About “Overreacting” To Crisis
“I want street cred”-Eric to Catotards
Whoa! Hold de phone!
Rush has ideas?
GOPolitico took some liberties with what Cantor actually said. I am the last person to defend Cantor but Greg Sargent has the audio and the transcript. Cantor never singled out Democrats and he was basically focused on blowing Rushbo instead of smearing Dems. He still is a fool for talking up Limbaugh but Politico, as is usual, got the story wrong to generate traffic.
http://theplumline.whorunsgov.com/economy/obtained-audio-of-eric-cantor-worrying-about-overreacting-to-crisis/
The number of people filing new jobless claims jumped unexpectedly last week, while those continuing to receive benefits hit a 10th straight record-high. Both figures show the labor market remains weak and is unlikely to recover anytime soon
Stimulus = FAIL!
You know what’ll turn this around? Spending even MORE money!!!
The economy is still suffering from Bush fatigue.
Shorter Farris: Why didn’t the economy turn on a dime?
SaveFarris: “Stimulus = FAIL!”
Wow. The stimulus was passed how long ago? And you are already calling it a failure?
“You know what’ll turn this around? Spending even MORE money!!!”
Yes. This is exactly what will turn things around. There is a deficit of demand, and the only way to turn things around is to get people spending again.
The government can either cut taxes and hope people spend, instead of save their money till the troubles are over, which is the smart thing to do on an individual level.
OR… or the government can spend the money itself.
Guess which plan most economists think is the better idea?
So at 3:33pm today the Dow is up 3.46%.
Clearly this means “Stimulus = FAIL!”
Were it not for the courageous reassuring words of Eric Cantor, the market would obviously be in a precipitous tailspin because Obama gave the Queen of England an iPod.
Stimulus = FAIL!
There’s a reason that it is generally assumed that when right-wingers open their fat mouths about the economy that they are regarded as fools to be ignored.
Quick question, Farris– this isn’t personal, it’s more of a general question– why are right-wingers so dishones and stupid? Is it that people who are born that way gravitate to the Republican party, or do you only get social acceptance and accolades from your Republican friends if you stay stupid, dishoenst shit?
You’d have a point *IF* the stimulus wasn’t sold as an immediate fix. Something that was needed to prevent the lost of 500 million jobs. Something that needed to be passed “right now”. So forgive me for expecting the stimulus’s impact to be immediate, because that’s what everyone was told in an attempt to sell this monstrosity’s necessity to the American public.
There is a deficit of demand, and the only way to turn things around is to get people spending again.
Exactly. But Obama’s plan does the exact opposite, preventing “people” from spending in favor of spending via the Government. And the only way Government can increase it’s spending (without triggering hyperinflation or uncontrollable debts) is to TAKE money out of the private sector.
The government can either cut taxes and hope people spend, instead of save their money till the troubles are over, which is the smart thing to do on an individual level.
CSS, If people start “saving” more money, that cash will go to either banks (which would help ease the credit crunch) or investment vehicles like stocks/mutual funds etc. which help the private sector get back on it’s feet. Either way, the economy gets back on it’s feet a whole hell of a lot quicker than waiting for tax dollars to snake their way through the beaurocratic maze of red tape that government outlays require.
And the only way Government can increase it’s spending (without triggering hyperinflation or uncontrollable debts) is to TAKE money out of the private sector.w
And yet the government is currently pumping money into the economy AND increasing spending.
How do you square your reasoning with this?
I guess you don’t read anything inside parenthesis, because you just quoted my answer.
SaveFarris: “You’d have a point *IF* the stimulus wasn’t sold as an immediate fix.”
Who said that?
It needed to be done immediately to fix it, but it wouldn’t be an immediate fix.
In fact, we’ve been saying for a while that the economy is going to get worse and bottom out at the end of 2009 / beginning of 2010.
“Exactly. But Obama’s plan does the exact opposite, preventing “people” from spending in favor of spending via the Government.”
The people are not spending. Period. So Obama’s plan is not cutting into private spending. In fact, it will help increase spending because people will be less worried about losing their jobs.
“And the only way Government can increase it’s spending (without triggering hyperinflation or uncontrollable debts) is to TAKE money out of the private sector.”
That’s why the stimulus is temporary. In exothermic reactions, it still takes a lot of energy to start the process, but once it is going, it continues for as long as there are reactants. It’s the same principle here.
“CSS, If people start “saving” more money, that cash will go to either banks (which would help ease the credit crunch) or investment vehicles like stocks/mutual funds etc. which help the private sector get back on it’s feet.”
Except the banks are not loaning money out at all. It’s not that they don’t have enough money to make loans, it’s that they are too risk adverse at the moment to loan.
Until the economy improves, the financial sector will not take off.
“Either way, the economy gets back on it’s feet a whole hell of a lot quicker than waiting for tax dollars to snake their way through the beaurocratic maze of red tape that government outlays require.”
Except we’ve already seen the stimulus start to have some tangible effects.
————–
The ideas you are presenting would work if we were talking about keeping a sound economy going, or helping an otherwise healthy economy pick up a bit of steam.
HOWEVER, and this is a huge however, the economy crashed. It will take more than tax breaks to get things moving along.
And this is not my opinion, this is the consensus opinion of trained economists, including those that foresaw the crash coming.
We should listen to the people who were right in the past, not the people who got us in this mess.
You’d have a point *IF* the stimulus wasn’t sold as an immediate fix.
So when Obama says that the economy won’t be fixed immediately, you call him a “pessimist that’s hurting the country”, but when, in your little minds, he says that it’ll be fine tomorrow, you call him a “lying scumbag” admit it, you’re just opposing him for the sake of opposition.
I guess you don’t read anything inside parenthesis, because you just quoted my answer.
I see. So we agree that the government is not currently take…er, TAKING money out of the private sector?
Zython: you’re just opposing him for the sake of opposition
It’s how they roll.
I guess I got trolled, again.
Serves me right for thinking there could be a discussing with SaveFarris instead of a hit and run.
So potty mouth Republican Eric Cantor stands behind a drug addicted sex tourist right winger and when he’s criticized the right wing regurgitators come out from under their rocks to spew falsehoods.
SaveFarris’s falsehood: “So forgive me for expecting the stimulus’s impact to be immediate, because that’s what everyone was told in an attempt to sell this monstrosity’s necessity to the American public.”
No one (at least on the left) ever said the “stimulus” would have an immediate effect, in fact, most have said that it will take a LONG, LONG time for the US to recover from the Republican’s drunken excesses.
Though if you can provide substantiating evidence for your claims they will be considered. But “substantiating evidence” seems to be something most right wingers are unfamiliar with.
SaveFarris, you’re not forgive for telling falsehoods, though if you’re just ignorant you can redeem yourself with the facts. The global economic crisis that began in 2007 under Republican President Bush is a result of 30 years of right wing economic fictions.
Part of that right wing fiction has been the assumption that people will spend themselves into debt and something good will happen from it.
Right wing ideology deregulated the banking industry, the banking industry recklessly sold a bunch of predatory loans to people that, had they been “conservative” lending institutions, they would not have provided. But the neo-right wing is a gambling den of predators.
The banks sold those loans, sprinkled magic market dust on them, claimed they were triple AAA rated securites and then sold them off in billions to people that assumed that the banks were operating in good faith and weren’t committing fraud.
But the entire right wing ideology is fraud.
During a time of recession “people” save money, SaveFarris, they don’t ’spend’ money because they are worried about their jobs, they are worried about their mortgages, they are worried about putting food on the table for their kids.
People’s “savings” aren’t helping the banks because the big banks are so bankrupt that they aren’t willing to lend to anyone and there’s not a lot of people asking for loans. A recession is a dicey time to borrow money for anything that isn’t absolutely needed. So nobody is buying a new house. Nobody is buying a new car. Nobody is buying heavy manufactured goods like washing machines or vanity goods like DVD players.
SaveFarris is living in a fictional economic world invented by right wing fraudsters. Whether SaveFarris knows this or not isn’t the point, he/she is spouting falsehoods.
SaveFarris compounds his falsehood by suggesting that “And the only way Government can increase it’s spending (without triggering hyperinflation or uncontrollable debts) is to TAKE money out of the private sector.”
Well, Republican President Reagan doubled America’s debt. Between Republican President’s Reagan and Bush I they quadrupled the US debt. Republican President Bush nearly doubled the US debt again (and the bills he left US with are still coming due). After 30 years of Republican indebtedness (punctured by Democratic fiscal responsibility), the right wing’s sudden concern about fiscal responsibility is false and offensive.
A lot of this repeats what CCS said more succinctly. But explaining things to right wingers takes repetition and patience. Part of it is that many right wingers have been genuinely suckered by their leaders. Part of it is that their leaders are liars and fraudsters who need to be repeatedly revealed for what they and their arguments are: lies and frauds.
CCS, sometimes a response to a right wing troll isn’t about the troll themselves but to the other readers.