Home > Uncategorized > Live Blogged Obama Speech Thoughts

Live Blogged Obama Speech Thoughts

7:11 – The bill will creates more jobs for construction workers. Sure, but once the money dries up, there are likely to be too many construction workers. A construction worker bubble if you will.

7:14 – Extending the SS temporary tax cut. Not really going to help, but nice try.

7:16 – “Every child in America deserves a good school”. No Mr. President, they need a good education. Lets do something about that, because it doesn’t matter how fancy the building is, if the quality of the education is garbage. Let them hold school in tents, just get them a better education, don’t waste money on painting the walls.

7:20 – Joe Biden looks like a bobble head.

7:20 – THERE IT IS!!! Extend unemployment another year! Why not just make them permanent. Lose your job, collect for life.

7:22 – It will be paid for… By spending money today and promising to cut tomorrow. YOU LIE! I’ll beleive it when I see it.

7:23 – Corporations need to pay their fair share. Well Mr. President corporations pay no taxes, consumers do.

7:25 – Increase taxes. I see.

7:26 – Lower the corporate tax rate. Damn right, now that I can get behind.

7:27 – Nice tie, Joe.

7:28 – Either we raise taxes or we throw teachers into wood chippers. Those are the only choices Mr. President?

7:29 – Joe is still bobbling.

7:30 – Cut red tape and speed up government payments to contractors. I like that.

7:31 – Speedy patents. I like that too.

7:31 – Free trade agreements. Another one I like.

7:32 – Bobble bobble.

7:34 – Cutting government regulation. That obviously means harming health and safety. Nice try.

7:35 – Collective bargaining is fine, but lets be real Obama, the government tilts the scales toward the employees and often bankrupts companies. As long as it’s equal, than no problem, but I realize you have to pander to unions to get your campaign payday.

7:37 – Oh yes, ridged ideas about what the government can and can’t do. Sorry for having a ridged idea like the Constitution.

7:38 – It’s paid for. Ridiculous.

7:41 – Finally, it’s over.

Nothing new. Nothing unique. Nothing particularly helpful. This started at 300 billion, than 400, now 450. No. Hands off government, stop poking the dead economy with a stick.

14 months and counting.

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Categories: Uncategorized
  1. 2011/09/09 at 15:30

    Well the President’s speech has had it’s usual curative effect on the markets today.

  2. 2011/09/09 at 23:46

    Fears about instability and possible default in Europe, along with doubts that the Republicans will pass Obama’s bill (something most economists say is a good thing), is what has caused further volatility. I know you aren’t familiar with anything to do with facts, much less economic facts, Jack, but knock off the blatant and relentless dishonesty.

  3. 2011/09/09 at 23:55

    (From my cell, excuse brevity)

    I have serious doubts another debt spending extravaganza will have much effect on anything but the value of the dollar. Tax credits for hiring? Ridiculous, you don’t hire for a tax credit, you hire for need.

    More throwing money away, great idea.

  4. 2011/09/10 at 21:25

    I didn’t say it caused the stock market to drop like a rock; it just did nothing to instill confidence or alleviate said fears. The President’s speechifying never does.

  5. 2011/09/10 at 23:23

    Yes, for the explicit reason that the world recognizes the fact that Republicans are likely to say no to anything useful this close to the next election.

  6. 2011/09/11 at 08:32

    No, for the explicit reason that the previous plan was little different and it didn’t change anything. The market needs long term solutions that instill confidence, not a bunch of used band aids.

  7. 2011/09/12 at 21:22

    The previous plan did keep unemployment down, but that is neither here nor there. Read your newspaper. No one trusts the Republicans to do what’s right – even though they support most of the proposals when they suggest them.

  8. 2011/09/12 at 21:54

    Kept unemployment down from what exactly? 100%? I have a hard time, as do many if not most economists, in believing that the first attempt at a Keynesian solution did anything but waste money and reward bad business decisions.

    This plan seeks to encourage, not just reward bad business decisions.

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