Obama just spoke live on T.V.

[Gyakusetsu]

The irony of your statement is Obama didn't fix the economy. If it was fixed Bernanke would not be injecting 40,000,000,000,00 fresh printed dollars into the economy to keep it from receding again. Furthermore Obama has shown the inability to lead from a bad situation so his credibility is lower. Even more so he passed a law allowing due process for all Americans citizens to be indefinitely detained without due process based on suspicion. Even greater then that he just used an executive order to increase the salaries of himself, joe biden, and congress while we're in a fiscal cliff. So his "attempt" on fixing bush's nonsense was a complete failure. If it had worked like he said, the unemployment would be 5.5 like he stated in his 2008 election and the federal reserve would not be printing money to inject into the economy.



The top1% aren't even going to feel the affects from the taxation. They own the majority of the worlds wealth. So it's not a bad idea, however Obama thinks it will solve all the problems when we as citizens understand it will not.

Correct, you have these guys already saying raise my taxes. What really needs to be addressed is the defense budget, which is out of control and does very little to stimulate the economy. When you build a bomb that creates a job but then it either sits on a shelf or it gets used. Now using it does generate more jobs (Haliburton) because someone has to clean it all up but the use of it tends to enrage people, which has shown to have greater negative impact to an economy, as history has shown us. Now when you make another product like a computer, that generates a job and if that computer is used by a company it drives efficiency which means they in turn can do more, have more money to be innovative, which could develop additional jobs. Instead our brightest minds are making weapons. Now I'm sure folks will point out the internet as a byproduct of the military, but that's not their core function and the fact that a benefit came as a result of military effort is insignificant compared to real defense efforts. Consider what we would have if it were.

 

[Unbiased]

Correct, you have these guys already saying raise my taxes. What really needs to be addressed is the defense budget, which is out of control and does very little to stimulate the economy. When you build a bomb that creates a job but then it either sits on a shelf or it gets used. Now using it does generate more jobs (Haliburton) because someone has to clean it all up but the use of it tends to enrage people, which has shown to have greater negative impact to an economy, as history has shown us. Now when you make another product like a computer, that generates a job and if that computer is used by a company it drives efficiency which means they in turn can do more, have more money to be innovative, which could develop additional jobs. Instead our brightest minds are making weapons. Now I'm sure folks will point out the internet as a byproduct of the military, but that's not their core function and the fact that a benefit came as a result of military effort is insignificant compared to real defense efforts. Consider what we would have if it were.

Its not the military spending specifically but the fact is 25% of all funds go unaccounted for. That needs to be regulated so all currency goes accounted for in regards to spending.

 

[Gyakusetsu]

Oh yes it is. They account for 25% of our spending alone. That is an enormous amount. We spend over 700 billion each year, that's 6 to 7 times the amount that China does on their defense. Ever ask yourself why legislators are upset about Social Security? They can't privatize it. It is held in a trust that must be guaranteed. Borrowing cannot be done unless through non-market securities. In other words, the legislator has no ability to funnel that money back to campaign backers. Drives them nuts and they talk about it all the time. Ask yourself if companies like AIG and Goldman Sachs really held to a capitalist ideology, why didn't they stick to their guns and say "Nope not interested in that bailout. I'm out of business."? The hypocrisy is so transparent it makes me sick.

 

[Insidious Smile]

This made me smile just a little bit lol

Mission accomplished.