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Has President Obama spent TOO much money or NOT ENOUGH??!!

BlueRepublican 2012/06/12 17:17:02
NOT ENOUGH!!
TOO MUCH!!!
None of the Above...Keep tax reform alive!!!
Undecided
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Whose money is it? It's We the People's money that's being spent. President Obama has come under criticism from both sides regarding the recovery effort.

The Left has criticized President Obama for NOT spending ENOUGH to stimulate the economy. Paul Krugman has stated in his book and on interviews that Obama needs to spend MORE! Keep spending until the economy bounces back. He states that in times of recession, the govt needs to SPEND!! He praised the Obama auto bailouts as just right, while criticized him for not spending near DOUBLE in the Wall Street bailouts. Pundits, surrogates and other DNC leaders have said the same thing.

The Right has declared a WAR on SPENDING. They argue for austerity in light of some difficult budget challenges and the MASSIVE national debt. They disagree with the Keynesian Economics model of "spending your way out of the recession." They push for cutting spending, reducing govt size, reforming entitlements, etc...The GOP and specifically the Tea Party has made fiscal responsibility and the economy the central issue of this election.

While Congress cannot agree on what to do, the deficits continue to skyrocket. The Federal Reserve continues inflating the currency and ignoring unemployment. The jobs numbers are disappointing and the economy keeps sliding downward. In this battle of ecomic ideologies, our country's future is on the line.

Has President Obama spent TOO much money or NOT ENOUGH??!!

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Top Opinion

  • Theresa 2012/06/12 18:38:17
    TOO MUCH!!!
    Theresa
    +6
    Keynesian Economics does not work! Gov't spending created from borrowing is a recipe for financial ruin.

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  • Darkitec 2012/07/08 02:42:52
    Undecided
    Darkitec
    Both If we can use the liberal definition of spending. He's failed to lower taxes and regulations that would help drive the creation of businesses and jobs.
    Or too much, he's spent money to prop up donors, friends and other accomplices of the liberal redistribution schemes. Failed green energy fiasco's. He's sworn to kill off energy production in this nation. I'm wondering just who he expects to tax when we're all sitting around in the dark, starving to death because we cant afford to heat our homes, turn on the lights, or grow food to sustain ourselves?
  • ghostrider 2012/06/16 17:57:47
    None of the Above...Keep tax reform alive!!!
    ghostrider
    OK, once again ... and again ... and again ... and ...... again ..... the (any) president cannot spend any more money than congress appropriates
  • Beccy 2012/06/15 01:02:02
    Undecided
    Beccy
    According to leading economist he did not spend enough and stimulate what needed to be stimulated.
  • will 2012/06/14 17:57:08
    NOT ENOUGH!!
    will
    I still got money
    they need it all don't they?
  • HOMBRE 2012/06/13 19:01:16
    TOO MUCH!!!
    HOMBRE
    Hey if you have a extra 3000,00 dollars go out and buy a thingamajig according to Obama.All is well. If you believe that hahahaha I dont know what to tell you;-)
  • JoeM~PWCM~JLA 2012/06/13 16:31:15
    TOO MUCH!!!
    JoeM~PWCM~JLA
    Spending must be brought under control before any meaningful recovery can be realized.
  • NoBama Man 2012/06/13 05:39:17 (edited)
    TOO MUCH!!!
    NoBama Man
    +2
    "The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a Sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. ...Increasing America’s debt weakens us domestically and internationally. Leadership means that 'the buck stops here'. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and Grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

    Barack Obama, March 2006

    national debt april 08
    National debt clock, April, 2008

    The debt ceiling has been raised on three occasions under President Barack Obama. The debt ceiling was $11.315 trillion when the Democrat was sworn into office in January 2009 and increased by nearly $3 trillion or 26 percent by summer 2011, to $14.294 trillion.

    national debt may 2012
  • Don Leuty 2012/06/13 05:31:29
    TOO MUCH!!!
    Don Leuty
    +1
    The declining value of the dollar is stealing from every saver in the nation as well as every lender who invests in our debt. Trying to spend the country rich ranks right up there with self-suckling cows. The up side? Continued expansion of the public sector will make millionaires of all of us. The down side: The millions will have no value. Instead of spreading the wealth, Obama and an irresponsible Congress are spreading the misery.
  • Christine/Rest in peace Pet... 2012/06/13 02:48:58
    TOO MUCH!!!
    Christine/Rest in peace Peter Br
    +1
    He is throwing money down the toilet in green energy programs that are going bankrupt, and in paybacks to his supporters. The American people are not reeping the benefits, but we are paying the bill
  • Huntclan 2012/06/13 02:21:53
    TOO MUCH!!!
    Huntclan
    +1
    He spenda too much money!
  • texasred 2012/06/13 02:11:46
    TOO MUCH!!!
    texasred
    +2
    But it wasn't just spent...it was given to his green cronies.
  • flaca BN-0 2012/06/13 01:32:25
    Undecided
    flaca BN-0
    +2
    you decide
    spending
  • potlatch 2012/06/13 01:16:19
    TOO MUCH!!!
    potlatch
    +4
    The government posted a budget deficit of $125 billion in May, more than twice the level registered in the same month last year.

    I would say Obama has put us, our children, our grandchildren and beyond - in debt, if our country is still up and running by then. He's either clueless, or depraved.......
  • Daring Blasphemer BN-0 2012/06/13 00:16:58
    TOO MUCH!!!
    Daring Blasphemer BN-0
    +3
    The policies of this government are not currently designed to fix this economy.
    When you lower taxes as we have to rock bottom, you do not spur growth. You kill it.
    It works like this and history shows the truth of it:
    When you tax corporations at a higher rate they spend money to avoid paying it in taxes. They will build onto a business, buy new equipment, train their workers, etc. to write off as much as possible. Rich individuals will also spend to find deductions to avoid paying taxes.
    This causes a ripple effect, as the demand for things to offset taxes for the rich makes hiring new people necessary, growing the tax base and cutting unemployment. This happens quickly and smoothly.

    The rich (Democrats AND Republicans) simply lie about it to make and hoard more money while convincing the radio sheeple that a rising tide lifts all boats. What actually happens is a tidal wave destroys the underpinnings of society, collapsing the middle class built on just such a system as I spoke of above. This creates a country divided into the rich and everyone else.

    Economics.
  • Icono1 2012/06/13 00:12:23
    TOO MUCH!!!
    Icono1
    +3
    He spent way too much for the wrong things.
    Billions to banks, green energy, wall street, unions and etc., will not promote shovel ready/manufacturing jobs any where and so there will be little or no recovery.
  • potlatch Icono1 2012/06/13 01:18:01
    potlatch
    +2
    Gosh, I haven't seen you in a coon's age! [don't know how old coon's get, lol]
  • Icono1 potlatch 2012/06/13 22:55:26
    Icono1
    +1
    Had to travel. Been out of the country. I will be around more in the future once all gets settled at this end.
    I think coons and dogs have the same age span. I think? So maybe a coons' age is approx 7 years? Don't really know though.
  • potlatch Icono1 2012/06/16 02:38:08
    potlatch
    +1
    Glad you're safely back in the good ol' USA. We need 'all of us' to fight to save it!
  • 2468 2012/06/12 23:42:06
    NOT ENOUGH!!
    2468
    Or maybe more accurately we didn't spend it where it would do the most good.

    To get the economy going we need purchasing by the middle class as the biggest bang for the buck. With all the housing foreclosures and other financial pressure the middle class slowed its spending sharply. This along with the banking issues slowed down the economy.

    Once the economy picks up we should also edge the tax rates up in to get the debt down.

    If we go after the debt now we will choke off the economic gains we have received slowly.
  • Manwé 2012/06/12 22:43:23
    NOT ENOUGH!!
    Manwé
    +2
    Look at where austerity has gotten some European countries - in worse shape that when they started.
  • Always Right 2012/06/12 22:04:22
    TOO MUCH!!!
    Always Right
    +2
    The $2.2445 trillion of that new publicly owned U.S. government debt that was purchased by the Fed, China and Japan equals 49 percent of all the new debt the U.S. government has sold to the public since Obama took office.
    FDR proved the US can not spend it's way out of a recession!
  • bob h. 2012/06/12 21:59:30
    NOT ENOUGH!!
    bob h.
    +4
    Capitalism is nothing more than money kept in circulation. We've ceased to be capitalists a long time ago. The only thing the 1% spends money on is the purchase of even more politicians. And now we have a candidate who brags about paying 12% on Federal Tax. The middle class spends more than 12% tax for gas to get to work.
  • doc moto 2012/06/12 21:46:00
    TOO MUCH!!!
    doc moto
    +2
    2-much!!! Way too much!
  • Mike 2012/06/12 21:20:19
    TOO MUCH!!!
    Mike
    +2
    6 trillion and very little accomplished. Should have given us half that much we would have stimulated the economy
  • Artist~PWCM~ 2012/06/12 20:30:14
    TOO MUCH!!!
    Artist~PWCM~
    +4
    You can't spend your way out of debt...common sense of which obama and the libs in general don't seem to have enough. Besides, much of the Stimulus went to friends, bogus green projects, unions and Wall Street 1%ers.
  • whitewulf--the unruly mobster 2012/06/12 19:20:59
  • RageFury 2012/06/12 18:51:22
    TOO MUCH!!!
    RageFury
    +4
    $1.00 was too much. That money should have been left in the economy where people and corporations know how best to spend their own cash.
  • KarenInKenoshaWisconsin 2012/06/12 18:44:00 (edited)
    Undecided
    KarenInKenoshaWisconsin
    The brief introduction to the topic is deceptive and loaded (see loaded argument/question). There's no across the board answer for recovery. No "liberals vs. conservative' false dilemma is the lens with which to examine the issues. Elements of recovery have to be looked at, issue by issue, in a way that's not myopic and counter productive in the long run.



    As for how much to spend to get recovery going, it's not just the amount spent, but the who, what, where, when, why and how of it that matters and all that matters in light of the myriad of factors and dynamics that go into the mix, some of which can vary. That means any "insert here" blanket statement mentality doesn't make sense. It doesn't work. The following only compounds that problem.


    Claims that "the" left wants more spending and "the" right wants austerity plans doesn't hold up under close, in-depth examination. These are deep topics and there's no consensus reached. Explore that on your own (results may vary).



    Also, not all money spent during his presidency was decided by Obama.




    As for people's vision of spending, even austerity plans can vary quite a bit in their aftermath or benefits. Walker's austerity program here in WI was so effective (myopic and problematic) that we recently were last in jobs in the nation and pr...














    The brief introduction to the topic is deceptive and loaded (see loaded argument/question). There's no across the board answer for recovery. No "liberals vs. conservative' false dilemma is the lens with which to examine the issues. Elements of recovery have to be looked at, issue by issue, in a way that's not myopic and counter productive in the long run.



    As for how much to spend to get recovery going, it's not just the amount spent, but the who, what, where, when, why and how of it that matters and all that matters in light of the myriad of factors and dynamics that go into the mix, some of which can vary. That means any "insert here" blanket statement mentality doesn't make sense. It doesn't work. The following only compounds that problem.


    Claims that "the" left wants more spending and "the" right wants austerity plans doesn't hold up under close, in-depth examination. These are deep topics and there's no consensus reached. Explore that on your own (results may vary).



    Also, not all money spent during his presidency was decided by Obama.




    As for people's vision of spending, even austerity plans can vary quite a bit in their aftermath or benefits. Walker's austerity program here in WI was so effective (myopic and problematic) that we recently were last in jobs in the nation and probably still are. It's not all his fault, phenomena can have varying half-lives, but because his plan was so myopic and corporate-ass-kissery, well, it isn't going very well and is bound to yeirld negative fallout for years.



    http://www.bizjournals.com/tw...



    http://minnesota.publicradio....


    Could someone else's vision of an austerity plan have worked though? Yes, but only to a degree. I don't think there's an across the board answer for recovery and I certainly don't think any liberals vs. conservative false dilemma is the lens with which to even start looking at the issues.



    Elements of recovery have to be looked at, issue by issue, in a way that isn't so austere that it's myopic and undermines recovery.
    (more)
  • ehrhornp 2012/06/12 18:43:15
    NOT ENOUGH!!
    ehrhornp
    +3
    I tend to listen to experts and the economists that I listen too predicted it was way too small. Shame so many did not learn the lessons of WWII. I guess today they would prefer to speak German.
  • rightside 2012/06/12 18:42:00
    TOO MUCH!!!
    rightside
    +4
    Why doesn't he cut his pay and congresses and then use that money to help the economy?
  • Kane Fernau 2012/06/12 18:41:20
    TOO MUCH!!!
    Kane Fernau
    +5
    $6Trillion debt in 4 years?
  • Theresa 2012/06/12 18:38:17
    TOO MUCH!!!
    Theresa
    +6
    Keynesian Economics does not work! Gov't spending created from borrowing is a recipe for financial ruin.
  • BlueRep... Theresa 2012/06/13 14:59:40
    BlueRepublican
    +1
    Thank you Theresa. It's just making us all poorer.
  • Wolfman 2012/06/12 18:20:54
    TOO MUCH!!!
    Wolfman
    +4
    Way too much. And it accomplished nothing.

    obama spending
  • flaca BN-0 Wolfman 2012/06/13 01:33:44
  • Wolfman flaca BN-0 2012/06/13 18:44:39 (edited)
  • flaca BN-0 Wolfman 2012/06/13 01:34:26
    flaca BN-0
    that's not what republican BobMcDonell said. He admitted that the stimulus helped his state. Was he lying?
  • Wolfman flaca BN-0 2012/06/13 18:42:16
    Wolfman
    The stimulis did nothing but bail out the UAW pension fund.
  • Theresa Wolfman 2012/06/13 16:27:19
    Theresa
    +1
    Sure you they did. The Cronies did well!
  • Wolfman Theresa 2012/06/13 18:42:33
    Wolfman
    Yep.

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