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Pfizer Inc. Message Board

  • bjspokanimal bjspokanimal Oct 8, 2012 1:13 PM Flag

    Is the Obama Economy Really So Bad?

    It's been a few years since it turned up, Right?

    GDP is positive, right?

    Here's the deal: In all of American history, we have NEVER had this much "fiscal" stimulus. $1.2 Trillion deficits every year is a TREMENDOUS amount of debt-fueled, government spending to be pouring into the resurrection of the economy.

    Same thing with "monetary" stimulus... 0% federal funds rate is un-precedented in it's own right but now the fed is printing $80 billion a month to buy LONG-dated treasuries and mortgages and driving those interest rates to record lows as well.

    We've never come remotely CLOSE to this magnitude of stimulus... yet, the economy is barely growing at 1.3% GDP. When your car has 400 horses under the hood and you punch it... you shouldn't be moving down the road at barely 30 MPH!

    Why? ... because Obama is scaring the bejeebers out of Americans and companies with investment capital and nobody will commit their risk capital to this economy. EVERY DAY Obama stands behind the pulpit and talks about punishing wealth... punishing success... punishing employers and driving their tax rates thru the roof.

    The result is that capitalism has SEIZED UP in America and those with investment capital... money we NEED to build businesses and employ americans is stampeding out of the country or diving into shelters.
    2 weeks ago, we heard that Mr. Wozniak... the Apple co-founder was fleeing to Austrailia... just a couple of months after Edwardo Saverin, the Facebook co-founder... was fleeing to Singapore with his $3 Billion of facefook IPO money.

    Meanwhile, we're hearing that on it's current trajectory, the debt-to-GDP ratio will exceed that of Greece in 3 to 4 years time... which makes sense, because the economic model Obama is emulating is Greece's model!

    It's been 6 years since the Democrats swept to power in both houses of congress and declared George Bush "dead on arrival"...

    ... based on what we're seeing with all this simulus without economic growth... it's clear that the big-government-high-taxes approach from Obama isn't working at all.

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    • 2 weeks ago, we heard that Mr. Wozniak... the Apple co-founder was fleeing to Austrailia... just a couple of months after Edwardo Saverin, the Facebook co-founder... was fleeing to Singapore with his $3 Billion of facefook IPO money.

      • 1 Reply to bitemesally
      • They wouldn't do that if the U.S. didn't have the world's highest corporate tax rate.

        They won't re-patriate their foreign subsidiaries' earnings because the U.S. tax hit would be so bad.

        Instead, they keep it overseas... building business THERE, and hiring FOREIGN workers instead of US workers.

        Obama has even acknowledged how our taxes are stranding capital overseas... but he hasn't proposed doing anything about it because his supporters HATE corporations and would come unglued if he did anything to incentivize them to return those hundreds of $billions.

        Huge deficits... capital flight... it isn't going to matter HOW much Bernanke runs the printing presses... it clearly won't work if Obama keeps trashing the powerful engines of capitalism.

    • "It's been 6 years since the Democrats swept to power in both houses of congress and declared George Bush "dead on arrival"..."

      This is rarely pointed out. First woman House Majority leader Nancy Pelosi, Senate Majority leader Harry Reid, and Mr. Obama came into power after the 2006 election. They ran this Country for the last two years of the Bush Presidency. Us Dem's ruined the economy and started the " choose which laws to enforce and ignore, and sue everyone" policy.

      • 2 Replies to sand33466
      • It doesn't fit well with the strategy of blaming Bush for the past 4 years under Obama when one realizes that Pelosi and Reid were essentially in control of legislation for almost 2 years before the original recession even began.

      • For the 1st year of his presidency, the Senate had a filibuster-proof, 60 seat democrat majority.

        That has only happened 3 times since the Great Depression... under Franklin Roosevelt, Lynden Johnson... and Obama's 1st year.

        It's amazing that with such massive dominance of ALL of government... that they blame Bush and ask for 4 more years of what we just endured. If you can't do anything with THAT much power... what good is 4 more years of $1.2 Trillion deficts on a hope and a prayer that a big government and high taxes are going to create any growth?

 
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