Obama Epitah

Comrade Crapski · 11-10-2012, 01:17 AM

I told you I was sick

United States of America

4 July 1776 - 6 November 2012

|Zach| · 11-10-2012, 01:45 AM

AussieChiefsFan · 11-10-2012, 01:52 AM

**BigRedChief** · 11-10-2012, 06:30 AM

Still moving to Canada?

Comrade Crapski · 11-10-2012, 07:57 AM

Quote:

Originally Posted by BigRedChief

Still moving to Canada?

I'll let you know where I'm going when I get there.

In the meantime, I'm moving all my money into foriegn currencies:

https://www.everbank.com/personal/fo...urrencies.aspx

tmax63 · 11-10-2012, 08:17 AM

I'm not sure about foreign currency but I know my silver collection is getting larger.

Messier · 11-10-2012, 08:26 AM

Brock · 11-10-2012, 08:30 AM

He's your boss, get over it.

KC Jones · 11-10-2012, 08:32 AM

Seems to me like Somalia is the RWNJ's ideal place Tom. No gun control. Limited almost non-existent government. No regulations. Strong evangelical fundamentalist society. You should definitely put it at the top of your relocation list. It'll be a win/win. At the very least you should sail down there and check it out. You owe it to all of us.

L.A. Chieffan · 11-10-2012, 09:17 AM

Wtf is an epitah?

Bowser · 11-10-2012, 09:28 AM

Quote:

Originally Posted by Brock

He's your boss, get over it.

This

Quote:

Originally Posted by KC Jones

Seems to me like Somalia is the RWNJ's ideal place Tom. No gun control. Limited almost non-existent government. No regulations. Strong evangelical fundamentalist society. You should definitely put it at the top of your relocation list. It'll be a win/win. At the very least you should sail down there and check it out. You owe it to all of us.

That

Quote:

Originally Posted by L.A. Chieffan

Wtf is an epitah?

And the other

suzzer99 · 11-10-2012, 09:35 AM

Quote:

Originally Posted by L.A. Chieffan

Wtf is an epitah?

Oh you ivory-tower elitists with your fancy spelling

BucEyedPea · 11-10-2012, 09:39 AM

..unless Boehner plays it right.
Can he be trusted ?

Continuing America's illness. (caused by bad ideas)

• Possibilities of a VAT could come with the Rs passing it but "Obama could oppose it because it's regressive." [I side with Obama on this one, for different reasons, and hope gridlock prevents it. See the rest below.]

• "If they do nothing, which is not so bad, the automatic spending cuts which hurts the Pentagon." [I don't oppose this either.]

• "There really is no solution to the unfunded liabilities of Social Security, Medicare, and Medicaid other than default."

• "The on-budget deficit of $1 trillion is a bad joke. The real deficit is at least 11 times larger."

• "Keynesians are upset by the fact that government spending will be reduced. Austrians are delighted by the fact. Keynesians are in no way concerned if rising taxes are imposed mainly on the rich. Republicans in Congress don't like the sound of that. They will resist it if possible. They have the votes to resist in the House. The Republicans can stop any attempt by Obama to increase taxes on anybody. Obama knows this."

• "The Republicans will face the prospect of a recession in 2013, but it will be a bipartisan recession. The Democrats voted for this solution, and Obama accepted it. The Republicans can point to the Democrats and blame them if there is criticism of the Republicans for not doing anything to change the tax code. It will be very difficult for Democrats to blame the Republicans for intransigence, when the changes in the tax code that will automatically begin on January 1 were already voted on by Democrats."

Thus:
Obama is not in a good bargaining position. He will no longer be able to blame Bush.

"So, from this time on, Republicans will blame every downturn in the economy on Obama. There will be no way, from this point on, for Obama to point the finger at Bush. If the Bush tax cuts automatically go out of existence on January 1, we will revert back to the Clinton tax program.

At that point, Obama becomes a gigantic donkey, and the Republicans' political task will be to pin the tail of recession on Obama. He will not be able to spend the next four years complaining that it is all Bush's fault. Once the Bush tax cuts go out of existence, the resulting recession will be all Obama's fault. He knows it, the Republicans in Washington know it, and the Democrats in the Senate know it.

The Republicans hold the hammer. All they have to do is nothing, and whatever happens, at least if it's bad, they will get to blame on Obama and the Democrats. When the Bush tax cuts lapse, we move back into Clinton territory.

If Boehner plays his cards right, he will be in the catbird seat. "Don't blame us." The Democrats have control of the Senate. The Democrats have control of the White House. The tax policies were invented by Clinton. The Republicans fought the tax increases that Clinton imposed on them. So, there is no way for the Democrats to get out of the line of fire. They are going to have to grin and bear it.

This, and this alone, is why Obama may be willing to accept a VAT. I hope he is not. The VAT is a devastating tax on business, and it will lead to increased unemployment. Coupled with the effects on businesses that Obamacare will impose on them, this will be the double whammy. Rising taxes and rising medical health insurance costs will combine to push the economy into recession.

I am not at all worried about the cuts in federal spending. The more austerity, the better, I say. The larger the cuts, the less Keynesianism. Keynesianism believes that federal spending is what holds up the economy. Keynesians come in many varieties, from conservative to radical, but they share this in common: they think federal spending increases productivity, and therefore increases employment. Austrian school economists reject this theory of economic cause-and-effect.

From a political standpoint, the Republican Party is in an ideal position to reap the benefits of inaction. All they have to do to become political victors is nothing. If they sit tight, kick the can down the road again, refuse to raise taxes, and allow spending cuts to fall where they may, they will get to see Barack Obama twisting slowly, slowly in the wind. I think it couldn't happen to a more deserving guy.

My fear is this:
Republican Keynesians, believing that federal spending cuts are bad for the economy, by accepting all the nonsense that austerity for the government means austerity for the economy, are going to stand on the sidelines and scream at the House of Representatives to make some kind of tax deal. The best possible tax deal politically for Republicans is no deal. The best possible tax deal politically for the economy is no deal.

What we need is a massive austerity for the government which is a massive tax rebate for the people. But we are not going to get that in 2013.

Given the fact that we are not going to get massive austerity for the federal government, which is another way of saying a massive tax rebate to the American people, we should come out in favor of the status quo. The status quo will mean a large target on the backside of President Obama. The Democrats are in control of the White House and the Senate. There is no way that they are going to be able to get away with blaming the Republicans for doing nothing, because the agreed-upon spending cuts and tax hikes were a bipartisan operation in 2011.

If Romney had been elected, then he would be the sacrificial lamb.
[ Romney really wasn't the answer to curing America.]
He would be out there begging the Democrats to work some kind of deal. He would be the one trying to keep the tax hikes and the spending cuts from going into effect. He would be the political target. The best he could do would be to blame everything on the mess he inherited from Obama. Obama has played the Bush card for four years, but there is no way that he will be able to play it for the next four years.

As soon as real tax pain is imposed on the American voters, as soon as unemployment begins to move up, as soon as the recession begins to wipe out pension funds, everybody's eyes will turn, as always, to the savior state in Washington, DC. Voters will be demanding that the government do something, when the crisis that is upon them is the result of what the government has already done.

What is Obama's fallback position? He cannot blame Bush for the next four years. He cannot blame Bill Clinton for the tax system that Clinton rammed down the throats of the Republican Party in the middle of the 1990s. He cannot blame Bernanke, because no President has ever blamed the Chairman of the Federal Reserve. Presidents are allowed to blame other politicians for the evils of the age, but they are not allowed to blame the Federal Reserve System.

Obama has to have somebody to blame, but he has run out of plausible candidates." ~ Gary North

http://www.garynorth.com/public/10308.cfm

Cannibal · 11-10-2012, 09:52 AM

LOVE IT OR LEAVE IT BABY!

La literatura · 11-10-2012, 10:45 AM

Just leave the country, Tom. The sooner the better.

11-10-2012, 01:17 AM
Comrade Crapski Veteran Join Date: Mar 2012 Casino cash: $19332	Epitah I told you I was sick United States of America 4 July 1776 - 6 November 2012
Posts: 2,675

11-10-2012, 01:45 AM	#2
\|Zach\| For The Glory Of The City Join Date: Sep 2002 Location: Kansas City Casino cash: $27135	__________________
Posts: 43,523

11-10-2012, 01:52 AM	#3
AussieChiefsFan ¡Mayday! .... All Day ... Join Date: Mar 2012 Location: Sydney, Australia Casino cash: $26023125	__________________
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11-10-2012, 06:30 AM	#4
BigRedChief Brainwashed Join Date: Dec 2003 Location: Swims with fishes Casino cash: $2264882	Still moving to Canada? __________________ "Any fool can criticize, condemn and complain - and most fools do." Benjamin Franklin
Posts: 37,895

11-10-2012, 08:17 AM	#6
tmax63 Veteran Join Date: Apr 2007 Location: Colorado Casino cash: $4351	I'm not sure about foreign currency but I know my silver collection is getting larger. __________________ An armed member of society is a citizen, an unarmed member is a subject.
Posts: 1,047

11-10-2012, 08:26 AM	#7
Messier MVP Join Date: Mar 2004 Casino cash: $30592
Posts: 5,197

11-10-2012, 08:30 AM	#8
Brock Do it. Join Date: Aug 2000 Location: Larryville Casino cash: $142433	He's your boss, get over it.
Posts: 40,402

11-10-2012, 08:32 AM	#9
KC Jones Genious Join Date: Aug 2000 Location: Colorado Casino cash: $45520	Seems to me like Somalia is the RWNJ's ideal place Tom. No gun control. Limited almost non-existent government. No regulations. Strong evangelical fundamentalist society. You should definitely put it at the top of your relocation list. It'll be a win/win. At the very least you should sail down there and check it out. You owe it to all of us. __________________ re-sign: to sign again resign: to withdraw from employment
Posts: 5,125

11-10-2012, 09:17 AM	#10
L.A. Chieffan PLAY GOOD FOOTBALL Join Date: Aug 2006 Location: American Gardens Building Casino cash: $562564	Wtf is an epitah?
Posts: 14,092

11-10-2012, 09:39 AM	#13
BucEyedPea Frazod Loves Hammy Join Date: Apr 2006 Location: None of your business Casino cash: $48568	The coming Obama-Boehner Heist ..unless Boehner plays it right. Can he be trusted ? Continuing America's illness. (caused by bad ideas) • Possibilities of a VAT could come with the Rs passing it but "Obama could oppose it because it's regressive." [I side with Obama on this one, for different reasons, and hope gridlock prevents it. See the rest below.] • "If they do nothing, which is not so bad, the automatic spending cuts which hurts the Pentagon." [I don't oppose this either.] • "There really is no solution to the unfunded liabilities of Social Security, Medicare, and Medicaid other than default." • "The on-budget deficit of $1 trillion is a bad joke. The real deficit is at least 11 times larger." • "Keynesians are upset by the fact that government spending will be reduced. Austrians are delighted by the fact. Keynesians are in no way concerned if rising taxes are imposed mainly on the rich. Republicans in Congress don't like the sound of that. They will resist it if possible. They have the votes to resist in the House. The Republicans can stop any attempt by Obama to increase taxes on anybody. Obama knows this." • "The Republicans will face the prospect of a recession in 2013, but it will be a bipartisan recession. The Democrats voted for this solution, and Obama accepted it. The Republicans can point to the Democrats and blame them if there is criticism of the Republicans for not doing anything to change the tax code. It will be very difficult for Democrats to blame the Republicans for intransigence, when the changes in the tax code that will automatically begin on January 1 were already voted on by Democrats." Thus: Obama is not in a good bargaining position. He will no longer be able to blame Bush. "So, from this time on, Republicans will blame every downturn in the economy on Obama. There will be no way, from this point on, for Obama to point the finger at Bush. If the Bush tax cuts automatically go out of existence on January 1, we will revert back to the Clinton tax program. At that point, Obama becomes a gigantic donkey, and the Republicans' political task will be to pin the tail of recession on Obama. He will not be able to spend the next four years complaining that it is all Bush's fault. Once the Bush tax cuts go out of existence, the resulting recession will be all Obama's fault. He knows it, the Republicans in Washington know it, and the Democrats in the Senate know it. The Republicans hold the hammer. All they have to do is nothing, and whatever happens, at least if it's bad, they will get to blame on Obama and the Democrats. When the Bush tax cuts lapse, we move back into Clinton territory. If Boehner plays his cards right, he will be in the catbird seat. "Don't blame us." The Democrats have control of the Senate. The Democrats have control of the White House. The tax policies were invented by Clinton. The Republicans fought the tax increases that Clinton imposed on them. So, there is no way for the Democrats to get out of the line of fire. They are going to have to grin and bear it. This, and this alone, is why Obama may be willing to accept a VAT. I hope he is not. The VAT is a devastating tax on business, and it will lead to increased unemployment. Coupled with the effects on businesses that Obamacare will impose on them, this will be the double whammy. Rising taxes and rising medical health insurance costs will combine to push the economy into recession. I am not at all worried about the cuts in federal spending. The more austerity, the better, I say. The larger the cuts, the less Keynesianism. Keynesianism believes that federal spending is what holds up the economy. Keynesians come in many varieties, from conservative to radical, but they share this in common: they think federal spending increases productivity, and therefore increases employment. Austrian school economists reject this theory of economic cause-and-effect. From a political standpoint, the Republican Party is in an ideal position to reap the benefits of inaction. All they have to do to become political victors is nothing. If they sit tight, kick the can down the road again, refuse to raise taxes, and allow spending cuts to fall where they may, they will get to see Barack Obama twisting slowly, slowly in the wind. I think it couldn't happen to a more deserving guy. My fear is this: Republican Keynesians, believing that federal spending cuts are bad for the economy, by accepting all the nonsense that austerity for the government means austerity for the economy, are going to stand on the sidelines and scream at the House of Representatives to make some kind of tax deal. The best possible tax deal politically for Republicans is no deal. The best possible tax deal politically for the economy is no deal. What we need is a massive austerity for the government which is a massive tax rebate for the people. But we are not going to get that in 2013. Given the fact that we are not going to get massive austerity for the federal government, which is another way of saying a massive tax rebate to the American people, we should come out in favor of the status quo. The status quo will mean a large target on the backside of President Obama. The Democrats are in control of the White House and the Senate. There is no way that they are going to be able to get away with blaming the Republicans for doing nothing, because the agreed-upon spending cuts and tax hikes were a bipartisan operation in 2011. If Romney had been elected, then he would be the sacrificial lamb. [ Romney really wasn't the answer to curing America.] He would be out there begging the Democrats to work some kind of deal. He would be the one trying to keep the tax hikes and the spending cuts from going into effect. He would be the political target. The best he could do would be to blame everything on the mess he inherited from Obama. Obama has played the Bush card for four years, but there is no way that he will be able to play it for the next four years. As soon as real tax pain is imposed on the American voters, as soon as unemployment begins to move up, as soon as the recession begins to wipe out pension funds, everybody's eyes will turn, as always, to the savior state in Washington, DC. Voters will be demanding that the government do something, when the crisis that is upon them is the result of what the government has already done. What is Obama's fallback position? He cannot blame Bush for the next four years. He cannot blame Bill Clinton for the tax system that Clinton rammed down the throats of the Republican Party in the middle of the 1990s. He cannot blame Bernanke, because no President has ever blamed the Chairman of the Federal Reserve. Presidents are allowed to blame other politicians for the evils of the age, but they are not allowed to blame the Federal Reserve System. Obama has to have somebody to blame, but he has run out of plausible candidates." ~ Gary North http://www.garynorth.com/public/10308.cfm __________________ "In government, the scum rises to the top."~ Hayek
Posts: 46,515

11-10-2012, 09:52 AM	#14
Cannibal I'm wearing a cardboard belt! Join Date: Aug 2000 Location: Bible Thumping Country Casino cash: $44532	LOVE IT OR LEAVE IT BABY!
Posts: 7,506

11-10-2012, 10:45 AM	#15
La literatura MVP Join Date: Nov 2011 Casino cash: $50809	Just leave the country, Tom. The sooner the better.
Posts: 7,171

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