300 Economists Warn Obama: Grave Danger Ahead

[Nitro Express]

I graduated in finance and minored in international marketing. I then worked for Dean Witter, Hewlett-Packard, and American Express. What I saw in my experience was American corporations had five year vision. Short-term. Hewlett-Packard was a whirlwind because we were dealing with six month product life cycles there.

In business school in my case studies I actually discovered growing big for the sake of growing big brought the end to many companies. You can over expose your brand, every time your open a new retail outlet your management problems grow logrithmicly and the quality tends to go to pot. Of course it's a mix of factors and each business is different.

What's going on now is the big losers get bailed out and they know they will be so why manage anything well? Why people even bank at the big banks is beyond me. I don't get why the American public does business with horrible companies that rip them off and then their taxes go to bail them out when they fail. It's insane.

[Nitro Express]

Anybody who thinks trickle down economics (or any other half-witted, numbskull dumbfuck treasonous Reagan policy) worked at all is far too stupid to be involved in politics. I think that oughta be obvious by now.

So giving all the power to the government is going to make it any better? At least in the free market you have more choice. If it's not trickling down then you quit and work somewhere where it does or work for yourself. I would say it depends on the employer and amazingly some of the worst companies to work for are the ones the government bails out or turns a blind eye to their activities.

I grew up in the real estate business and as things stand now people are worse to deal with than they were 30 years ago. In that industry alone you can see the increase of greed and not being able to trust anyone on their word anymore. Now it's what you can get away with and that state of mind has infiltrated everything and when you have levels of corruption in society that widespread everything becomes fucked. I see this as the major problem. You can't trust anyone.

[Nitro Express]

My grandfather used to do million dollar deals on a handshake. Try that now. Only a fool would do it.

[Steve Savicki]

Perhaps jobs will take care of the deficit problem more that tackling the issue alone...

[Unchainme]

Perhaps jobs will take care of the deficit problem more that tackling the issue alone...

STFU steve..go back to playing with your jem dolls.

[Nitro Express]

I'd say the information above is not out of reach for Obama to understand and implement, he's a smart guy, no doubt...

But I don't think his administration or the powers that be are interested in any of this...

Behind Obama are 43 people who wield enormous power who head various govt. agencies who are not accountable to the US Congress (not that the US Congress currently would do anything to stop them). It's pretty clear to me Obama never read the health care bill he signed into law.

Is Obama smart? I think he's well rehearsed and polished. Most politicians aren't very smart outside of the games they have to play to get reelected. Then you have some actual smart people who are politically naive. I would say the last real smart president we had was JFK and then Eisenhower before him. Probably the last president we had that was actually in charge was Clinton. Bill as corrupt as he was was running the presidency. Bush wasn't and neither is Obama.

[Nitro Express]

I think regarding jobs we need to add productive to jobs. The government can put us all to work. It can create endless jobs and pay you with script it prints or use force to make you work. Here's a wonderful example.

[Nitro Express]

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[Nitro Express]

And let's not forget the wonderful quality of consumer goods that come from the so called Worker's Paradise.

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[BigBadBrian]

I would say the last real smart president we had was JFK and then Eisenhower before him.

Kennedy was a fiscal conservative who would be vilified by the Left today!

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[BigBadBrian]

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[BigBadBrian]

People making $250k or more a year don't need tax breaks.

Doc, I'll come clean with you: I always pretty much had respect for what you post here, despite my usually successful atempts to piss you off sometimes.

However, I urge you to take a break from writing code and reading economics instead, particularly on what tax breaks and increases historically do to the American economy.

Then compare that to the free for all spending that has gone on in the last two administrations.

[FORD]

If JFK were with us today, he would definitely be for ending the Chimp tax "cuts" for tax dodging millionaires & billionaires. Probably the Reagan tax "cuts" as well. Possibly even his own, given the circumstances.

The difference between JFK's tax cuts and those of the two BCE puppets Reagan & Chimpy is this: Kennedy's tax cuts were not accompanied by massive deregulation and ridiculous increases in the "defense" budget. If it were up to me, I'd roll the taxes back to where Eisenhower had them. After closing all the loopholes. At least until a true economic recovery takes place. Then it could be reevaluated. But simply stated, the top 2% have not paid their fair share of taxes for decades, and we have all seen the results.

But restoring the FDR reforms that protected this country for half a century is what is truly needed right now. And I believe JFK would be reminding his fellow rich folks to "ask not what your country can do for you, but what you can do for your country", if he were among us today.

[ZahZoo]

Liberal spending and policies suggest that you do...

Well like anyone with a minimal concept of mechanics they'll soon learn that running it lean wide open will fry the intake and output valves leading to catastrophic failure...

[Nickdfresh]

Obama subscribes to the government redistrubing wealth and that is a total Marxist ideal but who he gives the regulating power....

You have no fucking idea what you are talking about. Obama isn't a "Marxist," or gov't would be seizing all large industries. Look up "Keynesian," and get back to us...