7 VII 7 Posted February 25, 2009 Report Share Posted February 25, 2009 So basically is this guy saying that the money should go towards people sitting on their ass rather than to people who are f'ing good at their job? free handouts thanks to the Obama administration 1 Link to comment Share on other sites More sharing options...
7 VII 7 Posted February 25, 2009 Report Share Posted February 25, 2009 From his speech last nightOBAMA: "And I believe the nation that invented the automobile cannot walk away from it."THE FACTS: Depends what your definition of automobiles, is. According to the Library of Congress, the inventor of the first true automobile was probably Germany's Karl Benz, who created the first auto powered by an internal combustion gasoline engine, in 1885 or 1886. In the U.S., Charles Duryea tested what library researchers called the first successful gas-powered car in 1893. Nobody disputes that Henry Ford created the first assembly line that made cars affordable.------OBAMA: "We have known for decades that our survival depends on finding new sources of energy. Yet we import more oil today than ever before."THE FACTS: Oil imports peaked in 2005 at just over 5 billion barrels, and have been declining slightly since. The figure in 2007 was 4.9 billion barrels, or about 58 percent of total consumption. The nation is on pace this year to import 4.7 billion barrels, and government projections are for imports to hold steady or decrease a bit over the next two decades.------OBAMA: "We have already identified $2 trillion in savings over the next decade."THE FACTS: Although 10-year projections are common in government, they don't mean much. And at times, they are a way for a president to pass on the most painful steps to his successor, by putting off big tax increases or spending cuts until someone else is in the White House.Obama only has a real say on spending during the four years of his term. He may not be president after that and he certainly won't be 10 years from now.------OBAMA: "Regulations were gutted for the sake of a quick profit at the expense of a healthy market. People bought homes they knew they couldn't afford from banks and lenders who pushed those bad loans anyway. And all the while, critical debates and difficult decisions were put off for some other time on some other day."THE FACTS: This may be so, but it isn't only Republicans who pushed for deregulation of the financial industries. The Clinton administration championed an easing of banking regulations, including legislation that ended the barrier between regular banks and Wall Street banks. That led to a deregulation that kept regular banks under tight federal regulation but extended lax regulation of Wall Street banks. Clinton Treasury Secretary Robert Rubin, later an economic adviser to candidate Obama, was in the forefront in pushing for this deregulation.------OBAMA: "In this budget, we will end education programs that don't work and end direct payments to large agribusinesses that don't need them. We'll eliminate the no-bid contracts that have wasted billions in Iraq, and reform our defense budget so that we're not paying for Cold War-era weapons systems we don't use. We will root out the waste, fraud and abuse in our Medicare program that doesn't make our seniors any healthier, and we will restore a sense of fairness and balance to our tax code by finally ending the tax breaks for corporations that ship our jobs overseas."THE FACTS: First, his budget does not accomplish any of that. It only proposes those steps. That's all a president can do, because control over spending rests with Congress. Obama's proposals here are a wish list and some items, including corporate tax increases and cuts in agricultural aid, will be a tough sale in Congress.Second, waste, fraud and abuse are routinely targeted by presidents who later find that the savings realized seldom amount to significant sums. Programs that a president might consider wasteful have staunch defenders in Congress who have fought off similar efforts in the past.------OBAMA: "Thanks to our recovery plan, we will double this nation's supply of renewable energy in the next three years."THE FACTS: While the president's stimulus package includes billions in aid for renewable energy and conservation, his goal is unlikely to be achieved through the recovery plan alone.In 2007, the U.S. produced 8.4 percent of its electricity from renewable sources, including hydroelectric dams, solar panels and windmills. Under the status quo, the Energy Department says, it will take more than two decades to boost that figure to 12.5 percent.If Obama is to achieve his much more ambitious goal, Congress would need to mandate it. That is the thrust of an energy bill that is expected to be introduced in coming weeks.------OBAMA: "Over the next two years, this plan will save or create 3.5 million jobs."THE FACTS: This is a recurrent Obama formulation. But job creation projections are uncertain even in stable times, and some of the economists relied on by Obama in making his forecast acknowledge a great deal of uncertainty in their numbers.The president's own economists, in a report prepared last month, stated, "It should be understood that all of the estimates presented in this memo are subject to significant margins of error."Beyond that, it's unlikely the nation will ever know how many jobs are saved as a result of the stimulus. While it's clear when jobs are abolished, there's no economic gauge that tracks job preservation. The estimates are based on economic assumptions of how many jobs would be lost without the stimulus. 1 Link to comment Share on other sites More sharing options...
Pops Racer Posted February 25, 2009 Report Share Posted February 25, 2009 I think it's more an end to a true "free market", not capitalism, in the banking and finance sector and a move to regulation, where regulation is neccessary.Who's doing the regulating? The same assholes who were doing the regulating the last 2 yrs? DoddFrank. Big push here in CT to oust Dodd. His old man was a crook too.Reich is Keynesian dwarf. These white construction workers he speaks of are the pay the vast majority of the taxes in this country. And the mortgage holders.I could not watch much last night, same old song and dance. Link to comment Share on other sites More sharing options...
ErikS Posted February 25, 2009 Report Share Posted February 25, 2009 LOL at everyone asking for his autograph after the speech. Link to comment Share on other sites More sharing options...
7 VII 7 Posted February 26, 2009 Report Share Posted February 26, 2009 LOL at everyone asking for his autograph after the speech.I thought it was funny how Biden said the web number and not URLdo not blame him for that one 1 Link to comment Share on other sites More sharing options...
7 VII 7 Posted February 26, 2009 Report Share Posted February 26, 2009 1.75 Trillion - Feel better now everyone? 1 Link to comment Share on other sites More sharing options...
Smithwicks Posted February 26, 2009 Report Share Posted February 26, 2009 1.75 Trillion - Feel better now everyone?OMGZ TOTALLY! Spending more money=everything will get soooo much better!! I love how they talk about the huge deficits hes going to rack up over the coming years and then they say that the deficit will come right down to 530bil without explaining how... I really wish they would at least mention in how much the national debt will be in 2013 or even just right now. If people knew how much that was, I think they would be less willing to go along with his plan.And as for the construction workers guy, Im working for a heavy highway construction co. right now in Chicago and that just really makes me want to cunt punt that sob for saying that. Link to comment Share on other sites More sharing options...
7 VII 7 Posted February 26, 2009 Report Share Posted February 26, 2009 If passed, President Obama's spending and tax blueprint for 2010 will mean the U.S. government's debt will increase 63 percent in two years. 1 Link to comment Share on other sites More sharing options...
ErikS Posted February 27, 2009 Report Share Posted February 27, 2009 "The budget also cuts funding for the controversial Yucca Mountain nuclear waste storage program. Funding for the program will be scaled back while the administration works on a new strategy for nuclear waste disposal, the document says."That's code for we're dumping it somewhere else for less $. Link to comment Share on other sites More sharing options...
Smithwicks Posted February 27, 2009 Report Share Posted February 27, 2009 If passed, President Obama's spending and tax blueprint for 2010 will mean the U.S. government's debt will increase 63 percent in two years. pwned. Link to comment Share on other sites More sharing options...
Pops Racer Posted March 2, 2009 Report Share Posted March 2, 2009 "The budget also cuts funding for the controversial Yucca Mountain nuclear waste storage program. Funding for the program will be scaled back while the administration works on a new strategy for nuclear waste disposal, the document says."That's code for we're dumping it somewhere else for less $.Or we are using less because of the Enviro-Nazis scare tactics on nuclear power generation. When was the last reactor built?More circumvention of the Constitution, Reps for DC. Must be done by approval of states and Constitutional Amendment. They are trying to do it through legislation, and bribes. Republican Hatch from Utah gets another seat in Congress if he supports DC's rep. Utah will then lose that seat when the White House completes the Census, and redistricts the nation, so Utah loses that seat to a large urban area--another Democrat seat! Plus a Senate seat? Guess witch party those seats will go to? And set a weird number for the Senate? Link to comment Share on other sites More sharing options...
7 VII 7 Posted March 5, 2009 Report Share Posted March 5, 2009 A Roar Of Laughter (not Fox News) 1 Link to comment Share on other sites More sharing options...
DonutsDemise Posted March 5, 2009 Report Share Posted March 5, 2009 A Roar Of Laughter (not Fox News)how else is Obama supposed to get the pigs on board? Link to comment Share on other sites More sharing options...
7 VII 7 Posted March 5, 2009 Report Share Posted March 5, 2009 how else is Obama supposed to get the pigs on board?not sure but when I was a chubby chaser I would just fill a trof full of corn and gruel 1 Link to comment Share on other sites More sharing options...
DonutsDemise Posted March 5, 2009 Report Share Posted March 5, 2009 not sure but when I was a chubby chaser I would just fill a trof full of corn and gruelmmmm those were the days :lol: Link to comment Share on other sites More sharing options...
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