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BaptistLife.Com Forums. • View topic - Obama Spending

Obama Spending

The place to discuss politics and policy issues that are not directly related to matters of faith.

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Re: Obama Spending

Postby Sandy » Fri Jun 08, 2012 12:58 pm

Frankly, there seems to be a direction and agenda in the extremist right wing media that keeps pushing toward socialism and Keynesian economics, neither of which are in any more evidence here than they have been since the Second World War.

This recession has cut deeply into the economy, though it is interesting that the corporate and investment sector of it has come virtually all the way back from where it was, yet doesn't seem to be adding as much in private sector employment as was lost as a result of Bush's financial policy. Bush presided over a significant transfer of wealth from the middle class to the corporate class, as well as the evacuation of millions of jobs from the American economy because his tax policy permitted companies to move them overseas for cheap labor, and then subsidized them with tax dollars.

Most of Obama's bank bailouts had requirements for shares to be held by the government until the debt was paid off, and most of those companies have either repaid the loans with interest, or are in the process of doing so. It's earned a nice income for the government, though I think they could have done better. But that's not socialism, nor is it Keynesian.

If Romney gets elected, the only taxpayers in this country will be the middle class. No business, no matter how large or small, will pay a dime, and most will be subsidized.
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Re: Obama Spending

Postby ET » Fri Jun 08, 2012 1:02 pm

I'm Ed Thompson, and I approve this message.
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Re: Obama Spending

Postby Gene Scarborough » Fri Jun 08, 2012 1:16 pm

ET---

Government is just a mass of people who decide on the moral tenants of their proposals and decisions. In and of itself, the morals are those of the people representing (or screwing) us.

I have know quite a few government big shots. I have letters handwritten by Strom Thurmond and others in my file from my associations. Strom had his personal deceptions, but when it came to constituents, his office could cut red tape quickly and be helpful.

I didn't like Jesse Helms at all, but his office went to bat for a friend of mine and got life-saving meds to him from an experimental program we could not get him into in Florida. All the public posturing goes into the trashcan when you can help your constituents rather than posture.

Of late, there is too much posturing and not near enough working together for solutions to the Great Recession!
Last edited by Gene Scarborough on Sun Jun 10, 2012 4:22 pm, edited 1 time in total.
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Re: Obama Spending

Postby KeithE » Fri Jun 08, 2012 5:44 pm

Informed by Data.
Driven by the SPIRIT and JESUS’s Example.
Promoting the Kingdom of GOD on Earth.
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Re: Obama Spending

Postby Sandy » Fri Jun 08, 2012 8:17 pm

Sandy
 

Re: Obama Spending

Postby Gene Scarborough » Sat Jun 09, 2012 6:18 am

The real answer lies in 2 statements:

"The LOVE of money is the root of all evil" --- Jesus
"Greed is good" --- Gordon Gheco

When the rules put in to protect citizens from bank failure and corporate/investment lies are ignored we get Recession/Depression. They are in place. Enforcement is not since Reagan.

Deritive: "A piece of cow manure / wrapped in a plastic bag to hide the smell / wrapped in foil to make it look nice."
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Re: Obama Spending

Postby Matto » Sun Jun 10, 2012 2:45 pm



This is a guy who is showing the numbers in perspective, just so people have an idea of the problem.

Greed is not good, it's a deadly sin. You can not have a little bit of greed or any of the deadly sins, because they grow and consume the soul. That's what makes them so deadly.
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Re: Obama Spending

Postby Gene Scarborough » Sun Jun 10, 2012 4:48 pm

The wages of sin it death!

The LOVE of money is the root of all evil.


Just look at America in the last 30 years and see the story played out! :(
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Re: Obama Spending

Postby KeithE » Mon Jun 11, 2012 9:54 pm

Informed by Data.
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Promoting the Kingdom of GOD on Earth.
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Re: Obama Spending

Postby ET » Thu Jun 14, 2012 1:01 pm

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Re: Obama Spending

Postby ET » Thu Jun 14, 2012 1:12 pm

I'm Ed Thompson, and I approve this message.
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Re: state and local spending

Postby ET » Thu Jun 14, 2012 1:14 pm

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Re: Obama Spending

Postby Gene Scarborough » Sat Jun 16, 2012 6:13 pm

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