T Nation

Obama's Plan to Fix the Economy


#1

  1. Blow through all domestic savings.
  2. Blow through all foreign savings.
  3. ???
  4. Print the currency into oblivion.

#2

Tell me you photo shopped that picture. That's not really Obama dressed in that garb is it? Hmm...of course his grandmother did say that he was born in Kenya and she watched the birth. Oh wait, we don't really have to worry about this stuff do we? We can trust the MSLM to tell us the truth.


#3

Yeah you're right, we had no debt before Obama.

Farrrrrt.


#4

I refuse to believe you're really this simple. That's like saying "yeah, you're right we never had murder before Hitler.


#5

What domestic savings ?
Foreign Governments are going to let us spend their money ?
Other than Germany who has savings ?
You may be right on 4 :slight_smile:

yeah the garb is so convincing , I too now believe :slight_smile:


#6

5a. Where does the clone army, trade alliance and death star fit in?
5b. Create an economic crisis great enough to justify a radical government takeover of privately owned America.


#7

Yep he's a secret Muslim/communist plotting to abolish private ownership of property in America and ultimately install an Islamo-fascist puppet government in Washington that will take orders directly from the Kenyan overlords. He is also Banksy.


#8

yeah exaggerate little and make it a joke, that will fix the fact that he does not like America the way it is, and neither do any of the people in the admin right now. they want to decrease your wealth and give it to others, and will do with or with out the right to. See the regulations and constant actions outside the legislature.

unless you have a lot of wealth invested in commodities in a decently defend able area enjoy your future.

It isn't just the ones who are paying attention in our country that can see it coming,


#9

that photo is real - its from his august 2006 visit to kenya

heres a link about it:
http://www.newser.com/story/20011/clintonites-deny-pushing-photo.html

and another
http://news.bbc.co.uk/2/hi/americas/7263783.stm


#10

It's just part of the Socialist system. So what if you're going to have to carry your cash around in a wheelbarrow and line up in bread queues to feed your family? Why not put all the fiscal conservatives into Alaskan gulags and ask China for a bail out?


#11

All of the wealth is still going to the top 1%, actually at higher than ever before rates under any administration so you can sleep well tonight. Go ahead and blame the first black president for all of the countries finical problems.

Our government belongs to the corporations, and has since the establishment of the Federal Reserve. Corporations have no need for a middle class and that is why it is going away. Globalization is a great way to strengthen corporations, and the profitability for those who own or run them. Corporations are multinational with no ties to America and as a matter of fact hate America and its regulation and taxation. Haven't you read Ayn Rand? It is for the best that America is failing and if you can't survive it is because you are weak. We sold our soul with the creation of the federal reserve, and now every square inch of this country is for sale along with it. Go ahead and believe in Self Reliance, it is as good a myth as any.

This is not all directed at you Apbt, your comment was as good as any to reply to.


#12

Here's the funny thing about your comment. All of those things that you mentioned happened during the great depression and were not the result of socialism. Americans like to forget that a bit of socialism helped us win world war II. People in this country donated to the government all of their metal and canvas and other raw materials and allowed our government to go from producing 400 planes a year to 40K planes a year. Coming out of the war we saw huge prosperity with the creation of many social programs for example the one that allowed veterans to buy homes, and go to school. I say it again self reliance is a myth. Capitalism is a great system, but it is not the only system this country is founded on.


#13

Why is it that people who don't agree with Obama take every chance they can to use Hitler as a point of reference in the discussion? I think it is because he is black, and they are WASPS but I could be wrong.

Here's a list of the percentage of religious denominations represented by our presidents. I think it is important since we live in a land that says it supports religious freedom, but the idea that we have a Muslim president is such a point of discussion these days. Let see how much of an issue you have with any of these numbers. Don't worry the one Catholic was assassinated.

Episcopalian 11 26.2% 1.7% 15.4
Presbyterian 10 23.8% 2.8% 5.1
Methodist 5 11.9% 8.0% 1.5
Baptist 4 9.5% 18.0% 0.5
Unitarian 4 9.5% 0.2% 47.5
Disciples of Christ 3 7.1% 0.4% 18.7
Dutch Reformed 2 4.8% 0.1% 48.0
Quaker 2 4.8% 0.7% 6.9
Congregationalist 2 2.4% 0.6% 4.0
Catholic 1 2.4% 24.5% 0.1
Jehovah's Witness 1 2.4% 0.6% 6.0

Religion

Episcopalian
George Washington
Thomas Jefferson
James Madison
James Monroe
William Henry Harrison
John Tyler
Zachary Taylor
Franklin Pierce
Chester A. Arthur
Theodore Roosevelt *
Franklin Delano Roosevelt
Gerald Ford
George H. W. Bush

Presbyterian
Andrew Jackson
James Knox Polk *
Ulysses S Grant *
Rutherford B. Hayes *
James Buchanan
Grover Cleveland
Benjamin Harrison
Woodrow Wilson
Dwight D. Eisenhower
Ronald Reagan

Methodist
James Knox Polk *
Ulysses S Grant *
Rutherford B. Hayes *
William McKinley
George W. Bush

Baptist
Warren G. Harding
Harry S. Truman
Jimmy Carter
William Jefferson Clinton

Unitarian
John Adams
John Quincy Adams
Millard Fillmore
William Howard Taft

Disciples of Christ
James A. Garfield
Lyndon B. Johnson
Ronald Reagan

no specific denomination
Thomas Jefferson
Abraham Lincoln
Andrew Johnson

Dutch Reformed
Martin Van Buren
Theodore Roosevelt *

Quaker
Herbert Hoover
Richard M. Nixon

Congregationalist
John Adams *
Calvin Coolidge

Catholic
John F. Kennedy

Jehovah's Witnesses
Dwight D. Eisenhower *

River Brethren
Dwight D. Eisenhower *


#14

Whoâ??s on Obamaâ??s Economic Advisory Team?
Obama has selected a diverse group of individuals from many different industries and backgrounds to advise him on economic policy. The most recognizable names are Eric Schmidt, CEO of a small internet startup you may have heard of (Google), Warren Buffet (a guy who has been known to make a few good investments), and Robert Rubin, Treasury Secretary during one of the longest expansions in this nationâ??s history under President Clinton. Breaking down the makeup of the team further, youâ??ll find: 7 of the advisers were advisors or cabinet members from President Clinton, 4 under Bush II, 1 under Nixon, 1 Carter, and 1 Reagan. 2 professors, 6 private business sector executives, 1 mayor, 1 governor, 1 congressman, 1 non-profit executive, and 8 former presidential appointees. Of those who have recent private sector experience: 2 come from tech, 1 health care, 2 financial, 1 media, 1 hospitality. Zero self-proclaimed socialists.


#15

Whoâ??s on Obamaâ??s Economic Advisory Team?
Obama has selected a diverse group of individuals from many different industries and backgrounds to advise him on economic policy. The most recognizable names are Eric Schmidt, CEO of a small internet startup you may have heard of (Google), Warren Buffet (a guy who has been known to make a few good investments), and Robert Rubin, Treasury Secretary during one of the longest expansions in this nationâ??s history under President Clinton. Breaking down the makeup of the team further, youâ??ll find: 7 of the advisers were advisors or cabinet members from President Clinton, 4 under Bush II, 1 under Nixon, 1 Carter, and 1 Reagan. 2 professors, 6 private business sector executives, 1 mayor, 1 governor, 1 congressman, 1 non-profit executive, and 8 former presidential appointees. Of those who have recent private sector experience: 2 come from tech, 1 health care, 2 financial, 1 media, 1 hospitality. Zero self-proclaimed socialists.


#16

Preach it bro Jackson


#17

Except not at all. The murders were entirely Hitlers fault. The debt is not entirely Obamas fault.

The OP was just looking for any reason to slander the president - oh, he even posted a picture of Obama "looking all muslim", how cute, right?


#18

I take it back. I guess you are this simple.


#19

Thanks man, I'll ask your invisible sky wizard to make me smarter.

In the meantime

"Economist Mike Kimel notes that the last five Democratic Presidents (Clinton, Carter, LBJ, JFK, and Truman) all reduced public debt as a share of GDP, while the last four Republican Presidents (GW Bush, GHW Bush, Reagan, and Ford) all oversaw an increase in the countryâ??s indebtedness"

See how under Bush the debt went from 56.4 percent of GDP to 83.4? And remember how nobody on the right seemed to care because the president was someone they supported?

Go insult someone else, charlatan.


#20

Are you on crack?
Americans had been increasing their household savings from negative territory to ~6% after the "banking" crisis. The stimulus, bailouts, and Quantitative Easing(money printing) have stopped and somewhat reversed that process.
YEAH foreign governments(using their citizen's savings) lend us money to buy there stuff. They buy treasury bonds and suppress their own currency in order to prop up the dollar's purchasing power.
Germany? Really? Are you kidding? CHINA and JAPAN have +30% savings rates despite China's 10% inflation and Japan's Earthquake crisis.

So EXACTLY LIKE BUSH DID, Obama and congress and the FED are draining the savings of the U.S. and the world to finance various bailouts and wars in order to keep the petro-dollar reserve standard. All this to keep a small group of people from losing their 100's of million dollar salaries. Meanwhile(also like bush) he throws out a baited hook to the people dependant on government with a new entitlement program.
Keep in mind, this is at the expense of everyone else even most of the "rich people" making over 1 million dollars a year.