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Final Poll results

majority of those who took the poll were readers of Daily Kos (democrat) website. 

Poll

Do you think the current government economic plans will save the economy?

151 votes 

Big Boy

your so called logic applies to anyone , which means we should just stay quiet no matter who is in power Obama , Bush or Khamenei.

Just change Obama's name in your comment to someone else that you do not support and discover your own hypocricy!

Big Boy

Meet you back here in November. You bring the coffee, I'll bring the pastries.

Kaveh

Only time will tell.  The "luxury" is in reference to neither you nor I are setting policy...we're observers.  As in, we don't work in the Obama admin.  So, we can side with, or blame Obama on anything and everything.

In my opinion, the price of doing nothing would have been 14% unemployment right now instead of 9.5%.  But, we can't prove that either, we'll just never know.  But, if this condition persists in 2012 you have the option of "firing the bum" and hiring a republithug (sorry, I let my biases get in the way)...maybe Romney, or Palin *sigh*

I'll defend the Obama policies because it also happens to be inline with my own economic views.  These are unprecedented times in the global economic order not ever seen before (given the complexity of the global economy can't even compare with the 1930s and the depression).

Up to now, I think Obama has done well to "slow" the job losses (still forward momentum...we'll probably see 11%) and then eventually reverse it.  You can't make the Titanic stop and change course on a dime.  So, lets wait a little more than 120 days...maybe 240 days and see where we are at.

Abarmard

have a safe trip.

dear Kaveh

I can't prove you right or wrong. We can go back and forth about this subject. I find it interesting and the only thing that makes a lot of sense(similar conclusion as G20) is that regulations need to be revisited and modified. Everything else is not factual.I have not recently followed Obama's proposals to make any comments on it. I will check and if it sounds as you say, will call my rep asap. Sorry for the rush answer, I am at the airport
Thanks.

Big Boy

What about this strikes you as a "luxury"? The arrogance of your statement is astonshing.

I have financial obligations to meet in this economy. I'm sue you do as well. We all do.

Barack Obama is making $400,000 a year in it. Guaranteed. Plus, he will earn a presidential pension following his term. Even if he serves only one term.....he gets a pension.

So, with whom does the "luxury" rest?

This 9.5% unemployment will increase. Watch. More layoffs are coming. GM has still not emerged from bankruptcy. The 2,000 dealers that they are closing, the 800 that Chrysler closed, the factory workers, the employees of the suppliers and vendors, they haven't shown up on the unemployment rolls...yet.

If his plans were to somehow succeed, I'd be the first to say as much. But they won't. But when it is proven beyond a doubt that Obama's policies and his entire presidency is an abominable failure, will you stand up and say so?

There are a handful of his supporters who are already admitting their grievous error in judgment. Will you be among them or are you going to hold firm? 

The luxury of being a contrarian...

....with no real respnsibility is that you can oppose anything and everything Obama does.  If his plans fail (or don't yield results immediately...in 120 days) you can say "I told you so".  You're golden.  If his plans succeed, well, we just won't hear from you.

Had he 'listened' to you, and instead of 9.5% unemployment the rate would have gone to 14%, I suspected you would have said: "hey, you're the president not me, why would listen to me to begin with...that's just stupid?"

So, you can be a critic, a supposed pundit, and gloat occasionally when the largest economic meltdown since the great depression isn't fixed in 120 days.  I think the only problem Obama has created for himself is to set the bar way too high...again 120 days to fix the global financial meltdown.  Bush, inadvertantly had it right.  People applauded him if he could just walk straight.  Nobody expected anything from him.  People expect the world from Obama and I don't think he'll dumb it down...a true leader.

Biden again?

The biggest mistake Mr. Obama has made been having Biden as vp.

He just needs to shut up PERIOD.

-YT 

Abarmard

Of course, tax cuts will have to be in conjunction with cuts in government spending. That is a fundamental principle of fiscal conservatism....a smaller, less intrusive government that is less of a financial burden on the citizenry.

And yes, spending cuts can be made. Real cuts, and not this $100 million farce Obama manufactured a couple of months ago. Start by demanding a full accounting of this $800 billion scam. Next, do not allow this recent talk of a second stimulus scam to materialize into anything further. Demand this from your senators and congresspeople. We are the bosses, they are our employees.

As far as regulations, government has proven that they are undoubtedly the worst proprietors of business. If the business of government were indeed a corporate entity, these officials would be locked up for embezzlement.

washington post

//www.washingtonpost.com/wp-dyn/content/article/2009/07/07/AR2009070703182.html?hpid=topnews

drop of dollar past few months

//quotes.ino.com/chart/?s=FOREX_USDBRL&v=d6

adam

1- and you are?! 

2- and how do you know I am not? What do you know about my knowledge,  background and experience with market and economy?

3- Who got us in this mess?  the qualified?

adios

Your're unquaified to have a meaningful opinion on this subject

Hey David ET,

The best, brightest, and most unqualified have spoken on this issue. Did you listen? Opinions are like noses; everybody has one. By any measure you are not qualified to have a meaningful opinion on the matter of economics. So why don't you just stick to subjects that are close to your heart?
Viva la revolution!

Dear Kaveh

Cutting taxes would not work in this scenario. Unfortunately you can't just reduce taxes or let the market decide, as the invisible hand has already failed.

Obviously there is a need for more regulations that secure the future financial transactions. What you are mentioning here is not a solution.

NOTE: Cutting taxes without cutting spending does not do anything, No administration has been able to cut spending.

Today's financial crises are beyond the simple "tax cut" logic.
What would you do (Besides cutting taxes).

To participate in a poll that I created

click here

Results are almost even so far!Note Daily Kos is a very "democratic party" site.

Do you think the current government economic plans will save
the economy?

ps to iranian.com: Poll is another feature/option that you can add if you have the possibility!

I Told You So Before The Election!

Abarmard, you still fail to grasp the obvious.

The best option was, is and always will be to allow the market to correct itself naturally. That is the only way to ensure a restoration to normal cash flow.

I am boggled as to why you would even mention printing money. The deliberate devaulation of the dollar in order to say "we have cash" is fiscal suicide.

Yes, indeed, we are owned by the Chinese. And what do you think will be the cost to buy us back?

Whatever problems Obama "inherited" were exacerbated by this ridiculous stimulus package that has done absolutely nothing positive, unless you are the Chinese (and even THAT is questionable).

$800 billion plus interest and no jobs. And you say this is not a major mistake? This is a catastrophic failure!

You "hope" for consumer confidence to return, but how is consumer confidence going to return if people continue to be unemployed and have more joining them? Consumer confidence is directly related to the amount of disposable income people have. What is disposable income? The money left over after the monthly bills/obligations are paid.

After taxes.

Reduce the taxes, increase disposable income.

Increased disposable income = increased consumer confidence.

Increased consumer confidence = increased consumer spending = economic growth. 

That's it! It isn't magic! It is not neurosurgery! It is 1+1=2.

But unless there are JOBS, it's all air! $800 billion! Where are the jobs we ordered?

Damn it, I get better results from PayPal than this idiot Obama!

And now you're hoping for the Chinese to do something "willingly"....for the economic benefit of the United States?

Sir, you have a far greater chance of winning the lottery than seeing the day when the Chinese give a damn about the U.S. economy.

Please show me one thing...just one thing...the government has owned or run that has been profitable.

The Postal Service? Amtrak?

Hello?

...the economic collapse would have been massive and not just contained to the US.

No comment!

David ET

I look forward to read about the next man or woman you'll pick as president for 2013. I think having gained some experience, you'll be less fanatic in defending him/her.

In 2008, you were warned repeatitively by some contributors that Obama is another "same old", both in domestic policies and also in foriegn policies related to Iran.

Now, you are admitting that they were correct. However, back then in 2008, you were so drunk by Obama's fales hopes that you just wouldn't listen.

Remember, "they told you so."

Too soon for "I told you so"

Had the Obama administration not injected the massive stimulus into the economy, the economic collapse would have been massive and not just contained to the US.  So, as much as you'd like to declare victory in "you vs. the Obama economic team", you are mistaken.

This could have been a catastrophe for the US and global economy (and surely would have if the idiot Bush was still in charge), but instead the catastrophe has been averted, but difficult times lie ahead. 

Second stimulus on its way. 

Dear David

It is unfair to judge what the economists have suggested, knowing only too well what the results would be. Unfortunately because of our global financial crises, there are not many options on the table.

The issue begins with the policies in place that allows foreign direct investments along with global financial institutions combined in order to make trade simpler, hence the faster flow of capital.

Unfortunate scenario was the confusion for the internal financial policies in comparison to the global one. IMF and WTO have almost no power, similar to the political body of the U.N.

The issue is more complicated than just printing money. Since no other options are given. No political groups or economists have taken the responsibility of a possible action that needs to be taken in order to fix the current crises that is leading to a higher unemployment, lack of consumer trusts, and overall downfall of the banks and institutions.

The problem of China is also another issue to consider.With over a trillion of dollars that Chinese own, we are at the mercy of the Chinese government.

Here is my proposal. Don't mention what's wrong, but what would you do?

I do not believe that Obama has made any major mistake as he has inherited this huge problem. The hope: Consumer confidence returns. The EU would recover and the Chinese willingly, gradually allow their currency to flow freely.

At the mean time, the government needs to spend and create jobs and possibly new investments. To match the speed of cash with inflation, in this situation that no one knows much about, is an unbelievable task. Give Obama credit for what's worth. McCain would just cut taxes and start a war. He could not handle any of this.