I think Obama needs to enroll in my Econ class

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I think Obama needs to enroll in my Econ class
Tweet Topic Started: Dec 4 2010, 08:43 PM (285 Views)
Nijg	Dec 4 2010, 08:43 PM Post #1
rude crude piece of food Posts: 7,332 Group: Members Member #2 Joined: Apr 3, 2010 What version of GM do you use? 6 Pro	From what we have been learning in Econ this year, I'm really starting to think Obama's actions regarding the economy are not very smart. His stimulus tries to "bail out" the economy by writing checks to businesses via the "stimulus plan." Well the money of those checks has to come from somewhere. So now the government is getting closer and closer to needing to raise taxes to pay for the stimulus plan... they're going to take money away from the citizens to supposedly pay the businesses. If you're going to save the economy, the actions to do so should not involve these costs. Raising taxes will give businesses less money to hire people, and eventually any positive effects of the stimulus plan will be nullified. Here is the real way to give businesses money so they can hire more people and lower the unemployment rate: Lower Taxes. That way the businesses will gradually have more money to hire more people. This type of thing can't just happen in one write of a check, its got to happen over time from decreased taxes. This way the money to hire the people isn't coming from the people themselves. But its too late to do that now because we've got to pay for the stimulus plan which has already happened. I still think Obama is a great guy and all, but he isn't the smartest in economic situations.
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Martho	Dec 4 2010, 09:02 PM Post #2
Posts: 1,404 Group: Members Member #13 Joined: Apr 3, 2010 Activity Level Active	Actually I think that most of the money for that stuff comes from china since we owe them like a trillion dollars.



Nijg	Dec 4 2010, 09:08 PM Post #3
rude crude piece of food Posts: 7,332 Group: Members Member #2 Joined: Apr 3, 2010 What version of GM do you use? 6 Pro	We owe them because we import all of their stuff and rarely ever export anything to them... Quite a bad trading situation.
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Robert	Dec 4 2010, 10:21 PM Post #4
Posts: 7,393 Group: Members Member #3 Joined: Apr 3, 2010 What version of GM do you use? 6 Pro	You MUST post this on the other forum. You MUST!
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TMoT	Dec 5 2010, 01:06 AM Post #5
Your Bestest Nightmare Posts: 5,021 Group: Members Member #8 Joined: Apr 3, 2010	Everybody go here and watch this amazing sp episode on the recession.
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DT-170x	Dec 5 2010, 01:12 AM Post #6
Posts: 1,766 Group: Members Member #7 Joined: Apr 3, 2010	The Mouse of Time Dec 5 2010, 01:06 AM Everybody go here and watch this amazing sp episode on the recession. Impossible. Even the simplist of civulation got an economy (usually it is a bartar system) Back on topic. Quote: From what we have been learning in Econ this year, I'm really starting to think Obama's actions regarding the economy are not very smart. I think he know what he doing.(Ruined the economy to put in more regulations or take this recession and pass bills that will most likely hurt us.) But who spends all this money in a recession???? I saying that he is trying to collaped are economy. (becuase noone is that crazy to spend money when are debt is that high.) Sucidal politics at it fineist.



TMoT	Dec 5 2010, 01:32 AM Post #7
Your Bestest Nightmare Posts: 5,021 Group: Members Member #8 Joined: Apr 3, 2010	DT-170x Dec 5 2010, 01:12 AM Impossible. Even the simplist of civulation got an economy (usually it is a bartar system) I didn't think anybody would even click the link, lol. Anyways, it sounds to me like you watched the first three minutes and then thought that that was enough to put it down. Watch the rest and get back to me.
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DT-170x	Dec 5 2010, 01:53 AM Post #8
Posts: 1,766 Group: Members Member #7 Joined: Apr 3, 2010	The Mouse of Time Dec 5 2010, 01:32 AM DT-170x Dec 5 2010, 01:12 AM Impossible. Even the simplist of civulation got an economy (usually it is a bartar system) I didn't think anybody would even click the link, lol. Anyways, it sounds to me like you watched the first three minutes and then thought that that was enough to put it down. Watch the rest and get back to me. Sorry I like the Southpark games more then the TV show.



TMoT	Dec 5 2010, 02:25 AM Post #9
Your Bestest Nightmare Posts: 5,021 Group: Members Member #8 Joined: Apr 3, 2010	I like them both, but in reverse. But that episode actually does have some good points on the recession.
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Deleted User	Dec 5 2010, 04:55 AM Post #10
Deleted User	DT-170x Dec 5 2010, 01:12 AM I think he know what he doing.(Ruined the economy to put in more regulations or take this recession and pass bills that will most likely hurt us.) that is downright insane. even if you think he's a bumbling idiot you cant possibly think he's deliberately doing it. even bush genuinely thought he was dong the right thing, and he's going to have his record for lowest approval for a LONG time. i presonally think that the united states will have been disolved one way or another before anyone beats it lol but that's off topic...
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Robert	Dec 5 2010, 02:46 PM Post #11
Posts: 7,393 Group: Members Member #3 Joined: Apr 3, 2010 What version of GM do you use? 6 Pro	I don't want to beat the dead horse from the other thread, but Obama knows what he's doing. He knows. Considering he may not even be American, I already have doubts that he DOESN'T know.
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Thinvader747	Dec 5 2010, 04:54 PM Post #12
I can seeeeeee youuuuuuu Posts: 1,699 Group: Members Member #6 Joined: Apr 3, 2010 Activity Level Active What version of GM do you use? 7 Pro	Nijg Dec 4 2010, 08:43 PM Here is the real way to give businesses money so they can hire more people and lower the unemployment rate: Lower Taxes. That way the businesses will gradually have more money to hire more people. This type of thing can't just happen in one write of a check, its got to happen over time from decreased taxes. This way the money to hire the people isn't coming from the people themselves. A good idea, well thought out. However, if the government lowered taxes, where would the treasury get money from? Taxes pay for the country to be run. If taxes are lowered, it wouldn't be long before they'd have to be put back again. Maybe a better solution is this - lower taxes for businesses, allowing for employment at a later date, and raise taxes for the richer people who can afford it. Taxes for everyone else remains the same. This way, the new taxes from the rich people should be enough to negate the lower taxes from businesses, eventually allowing us (because I think everyone should do this) to pull out of the recession.
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Nijg	Dec 5 2010, 04:57 PM Post #13
rude crude piece of food Posts: 7,332 Group: Members Member #2 Joined: Apr 3, 2010 What version of GM do you use? 6 Pro	Quote: Maybe a better solution is this - lower taxes for businesses, allowing for employment at a later date, and raise taxes for the richer people who can afford it. Taxes for everyone else remains the same. This way, the new taxes from the rich people should be enough to negate the lower taxes from businesses, eventually allowing us (because I think everyone should do this) to pull out of the recession. Yeah thats pretty much what I meant lol. I agree. And actually, I think Bush did something to that extent. He lowered taxes for people with lower than a certain income. And now Obama is considering getting rid of those tax-cuts that Bush did. Quote: I don't want to beat the dead horse from the other thread, but Obama knows what he's doing. He knows. Considering he may not even be American, I already have doubts that he DOESN'T know. He is definitely American. I can't believe you would accuse a president of being otherwise. He most likely did not know the outcomes of his actions before he did them. Thats what counts.
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Deleted User	Dec 5 2010, 05:03 PM Post #14
Deleted User	Robert Dec 5 2010, 02:46 PM I don't want to beat the dead horse from the other thread, but Obama knows what he's doing. He knows. Considering he may not even be American, I already have doubts that he DOESN'T know. http://www.google.com/images?q=obama's+birth+certificate&um=1&ie=UTF-8&source=og&sa=N&hl=en&tab=wi&biw=1680&bih=881
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Robert	Dec 5 2010, 05:13 PM Post #15
Posts: 7,393 Group: Members Member #3 Joined: Apr 3, 2010 What version of GM do you use? 6 Pro	Nijg Dec 5 2010, 04:57 PM Quote: Maybe a better solution is this - lower taxes for businesses, allowing for employment at a later date, and raise taxes for the richer people who can afford it. Taxes for everyone else remains the same. This way, the new taxes from the rich people should be enough to negate the lower taxes from businesses, eventually allowing us (because I think everyone should do this) to pull out of the recession. Yeah thats pretty much what I meant lol. I agree. And actually, I think Bush did something to that extent. He lowered taxes for people with lower than a certain income. And now Obama is considering getting rid of those tax-cuts that Bush did. Quote: I don't want to beat the dead horse from the other thread, but Obama knows what he's doing. He knows. Considering he may not even be American, I already have doubts that he DOESN'T know. He is definitely American. I can't believe you would accuse a president of being otherwise. He most likely did not know the outcomes of his actions before he did them. Thats what counts. It's a very known argument that he's hiding a lot. I don't hate Obama, btw. I just dislike what he's doing with America.
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Deleted User	Dec 5 2010, 07:11 PM Post #16
Deleted User	Robert Dec 5 2010, 05:13 PM Nijg Dec 5 2010, 04:57 PM Quote: Maybe a better solution is this - lower taxes for businesses, allowing for employment at a later date, and raise taxes for the richer people who can afford it. Taxes for everyone else remains the same. This way, the new taxes from the rich people should be enough to negate the lower taxes from businesses, eventually allowing us (because I think everyone should do this) to pull out of the recession. Yeah thats pretty much what I meant lol. I agree. And actually, I think Bush did something to that extent. He lowered taxes for people with lower than a certain income. And now Obama is considering getting rid of those tax-cuts that Bush did. Quote: I don't want to beat the dead horse from the other thread, but Obama knows what he's doing. He knows. Considering he may not even be American, I already have doubts that he DOESN'T know. He is definitely American. I can't believe you would accuse a president of being otherwise. He most likely did not know the outcomes of his actions before he did them. Thats what counts. It's a very known argument that he's hiding a lot. I don't hate Obama, btw. I just dislike what he's doing with America. it's also very widely known that it's possible to shoot a gun the first time you pick it up. doesn't mean it's true. a very known known argument? like, seriously? it's a very known idea that the earth is flat. doesnt mean it's an argument with anything to back it up. in nazi germany, it was a very known argument that jews were the cause of all problems. see how those words can pretty much validate anything you want? "a very known argument" has no meaning whatsoever. i respect it a thousand times more then if you had said "in my opinion". and he really isnt hiding much. and have you looked? that's a serious question- before you said "he's hiding so much" did you look? because his economic and policy plans and such are all posted for the public to see. his childhood and life are well documented in his books. just because you havent been bothered to look for something doesn't mean it's hidden. and actually, obama has been helping the economy. because things like economies have complex motion, they can't snap from good to bad. you have to accelerate them in the upward direction and make them move into the positive zone. things are actually on thier way up.
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Nijg	Dec 5 2010, 11:25 PM Post #17
rude crude piece of food Posts: 7,332 Group: Members Member #2 Joined: Apr 3, 2010 What version of GM do you use? 6 Pro	Quote: things like economies have complex motion, they can't snap from good to bad. you have to accelerate them in the upward direction and make them move into the positive zone. Which Obama does not understand, hence why the stimulus plan was a bad idea and he should have lowered business taxes instead. (as my first post says.) In the latest news, it said the unemployment rate has climbed to 9.8%. But about the Obama hiding anything, DM is right. Obama is no conspiracy. He isn't trying to secretly take over the planet. He's just like any other president. I just read in the newspaper that Obama has come to a compromise with the Republicans, and he is now doing exactly what this topic says he should do! He is lowering taxes on businesses! I think my econ teacher went and had a little teacher-student talk with him. Edited by Nijg, Dec 7 2010, 10:05 PM.
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Deleted User	Dec 8 2010, 02:28 AM Post #18
Deleted User	not exactly. the best way to stimulate the economy is to create an exponential tax. (tax percentage is determined by income) look at it this way- my parents have spent almost every single dollar they've ever gotten. someone rich will not. giving the middle or lower classes are a lot more stimulating of the economy. and increasing taxes on the rich, or those who are saving more money then they spend, also stimulates the economy. buisnesses are applied to this equally.
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Nijg	Dec 8 2010, 03:23 AM Post #19
rude crude piece of food Posts: 7,332 Group: Members Member #2 Joined: Apr 3, 2010 What version of GM do you use? 6 Pro	I see you have not enrolled in my econ class it doesn't quite work that way, for businesses that is. The relationship between taxes and businesses and the relationship between taxes and income are two completely different things. What you said is correct about income. It would only be correct for businesses if somehow the CEO is withholding all the business's profits for himself, making the business's profit his personal income (which is impossible within reason, unless he has no employees.) The market is always shifting towards equilibrium. The more money a business has, the more jobs it can provide, regardless of how rich the business initially is. It isn't like a personal income, where once you cover the bare necessities of life you can afford to be taxed heavier. With profit-maximizing businesses, when they get more money, they expand, offering more jobs. They don't just sit there as a tiny business hoarding a ton of money; that would be an inefficient use of resources and would not maximize profit. Keeping this in mind, if you lower taxes on Wal-Mart, it will have the same job-increasing effect as if you lower taxes on some local business. (It just wouldn't be spread over as wide of an area of course.)
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