Actually the economic outlook is much better now than when W left office. Big problem is when people expect O to singlehandedly magically fix things in just a couple years. It requires patience, contribution, teamwork, and oh a congress that won't block all of his actions. The USA is more politically divided today than ever which doesn't help, especially when one "side" won't even listen to the other. Yes this Michael Moore "documentary" is predictably slanted, but at least adds some important perspective/content that is so frequently swept under the carpet. He drags issues out that need to be seen/heard/acknowledged. Well done sir. I shudder to think of the "change" if the McCain/Pailin ticket had won in 2008 :-(
17 Trillion is better? Tens of Millions of Jobs Offshored, Capital, Pensions, No Restoration of the Dollar and Manufacturing Base, Record Food Stamps, Bankruptcies, Foreclosures, Savings Rate?
Can you fly this plane? Surely you can't be serious. I am serious,and don't call me Shirley
I'm surprised so many people are still Democrat or Republican after the past few years. Isn't it clear yet that both sides say what they need to get elected? EVERYTHING is about getting elected and re-elected. Nothing else matters, literally. Obama isn't any more a savior than Bush was.
I can't believe so many Democrats still think so much of Obama - everything wrong with the country is still being blamed on Bush and now the Republicans in Congress. And yet they are blanket criticisms - something Republicans did the same thing to Clinton. Everything the Republicans are mad at the Democrats for, they too have done - and vice versa. And no one would dare solve anything because SOMEONE might get upset - a voter perhaps.
For example, the Democrats do nothing about the labor problems in this country because it means taking a hard stance on not only illegal immigrants, but those who hire them. Both sides need the hispanic vote, but obviously one side more than the other... And there's nothing being done about outsourcing either - something that takes jobs away from middle Americans every day. I understand the philosophy behind bailing out a company that employs a giant bulk of Americans, but not when some of those companies outsource to India on a regular basis. And someone else brought up a good point - we don't bail out the idiot who didn't understand what a variable rate is (or if we do, we shouldn't) or the idiot who can't live within his means, yet the message of the bailout is, if you're important enough, we will. Now the reality is plenty of people were allowed to keep their houses even after they stopped paying for them - sending a message that you can live irresponsibly as long as a bunch of other people do too.
To the war - yeah, we knew this would happen. Obama said he would end the war - he didn't vote for it in the first place - and this is the main reason I was a supporter of Obama. I guess he got in office and the campaign trail ended - the people who really run the country explained to him that it wasn't going to be up to him, just like it wasn't up to Bush. Maddening.
And finally - gay marriage. When are we going to stop the government inclusion of the word marriage? THAT is the problem. "Marriage" is a religious term, and therefore has no business anywhere near the government. This is why "marriage" doesn't need to be defined in the Constitution, and this is why the government shouldn't step in and say who can and can't be "married". The government should replace every time the word "marriage" is used in a legal document with the term "civil union." Now we have a secular term that should apply to anyone - and at that point the government can define it any way they want to. And once its decided it should be a nationwide decision - not left to the states. Gays have every right to have every right and privilege afforded to anyone else - across the country. But the government and religion should have nothing to say to the other.
"I'm surprised so many people are still Democrat or Republican after the past few years. Isn't it clear yet that both sides say what they need to get elected? EVERYTHING is about getting elected and re-elected. Nothing else matters, literally. Obama isn't any more a savior than Bush was.
I can't believe so many Democrats still think so much of Obama - everything wrong with the country is still being blamed on Bush and now the Republicans in Congress. And yet they are blanket criticisms - something Republicans did the same thing to Clinton. Everything the Republicans are mad at the Democrats for, they too have done - and vice versa. And no one would dare solve anything because SOMEONE might get upset - a voter perhaps."
-aleisterhigen
ME: You almost got it brother (or sister) but you are missing one key aspect to the left/right paradigm that IS A DISEASE TO OUR COUNTRY: Pride. In today's America you either have to be Coke or Pepsi; Nacho Cheese or Cool Ranch; Pro Life or Pro Choice. We are made to feel like we have to be part of a "team". In my personal experiences, any time I bring up the middle ground of these hot button issues (which, by the way, aren't really issues of great federal importance until CNN/Fox News/MSNBC tells you they are. Don't forget that politics and the media that covers said "issues" HAVE BECOME A MULTI BILLION DOLLAR BUSINESS!!!!) I get lambasted for not picking a side. Pride consistently gets the human race into a lot of trouble throughout history and - I'm not a Bible freak or anything but.... its no wonder Pride is one of the seven deadly sins.
I could have more later, and I love the idea of a secular definition to the term "marriage" as a civil union. Gays DO have every right to the same privileges we do. But I also reserve the right to be grossed out when I see two dudes making out. And I kinda think that mixed with some religion that is the reason why it hasn't happened yet.
But keep in mind that as long as the Abortion/ Gay Marriage/ Immigration/ Outsourcing etc. problems go unfixed (thanks to the major news outlets), we will continue to be at each others' throats and distracted from the real problems. I'll give you a hint: Who is REALLY running the show?
Thank you and good day.
GO CELTICS! 2007-2008 CHAMPS BABY! REPEAT 2008-2009!
I agree. And I would say that a lot of it stems from people not voting FOR candidates or ideals. They vote AGAINST them.
And of course, people continue to vote for the same old destroyers of the country (Republicans & Democrats) because they are told, "Don't waste your vote by voting for a third party. If you vote for a third party, you'll allow so-n-so to win instead!" Oooh! Eeek!
Or they really do believe that somehow, some way this time will be different.
Dumbasses.
"Atlas Shrugged- Part 1"- NOW in Canada Coming soon to DVD!
Two years later??? How can one man undo legislative problems dating back 40 years? Especially with the pull these banks have in the government. The political parties are so divided right now that it is nearly impossible to pass anything constructive.
It comes down to this: with all the perks the banks and the "rich" have been granted over the years, it will be nearly impossible to reverse any of it and put things back to the way they were. The thing that Obama is here to change first, is to put a stop to the banks running and manipulating not only the government, but the people who rely on it.
How's this loaded question working for you so far? The film doesn't portray Obama as a "solution" by any means. It does however point out that many people who were fed up with the failure of trickle down economics and corporate tax breaks saw something refreshing in Obama.
I lean to the left far more than Obama, but I knew he was a moderate (which is why so many people voted for him). He never portrayed himself as anything different.
As for your two "points", well they are just your opinion. You know nothing about how the people got into the situations they found themselves in. It is called "predatory lending" for example. You act as if people with foreclosed homes deserve to be exploited by the wealthy. You must be the life of the party
I also hate to break it to you, but it is your problem. These issues do effect you, you can say they do not till you are blue in the face. Fact is, the stories in this film are found everywhere.
Predatory lending is a tricky subject. First we had an administration (the Clinton Administration) that posed the idea that everyone should own a house. Suddenly everybody got in the banking and insurance game. Insurance agents starting selling mutual funds and banks started selling insurance and the competition for buyers was out of control; and everybody played the game, including people without two nickels to rub together. But the proposal was that EVERYBODY should be allowed to buy a house. It sounded good, but as with predatory borrowing, many of these people without steady income were qualifying for loans they never should have taken out in the first place - but new loans, ones with ridiculous variable rates and other things now considered predatory, were conceived so EVERYBODY could buy a home. As should have been predicted, many defaulted once the variable rates got out of hand. The banks and the people all gambled and everybody lost.
But who's really at fault here? Shouldn't banks be able to charge what they want for services rendered? Shouldn't anybody? Isn't that the fundamental base of a free market? Is it their fault someone didn't read the fine print? But is it the fault of the buyer who wanted to buy a home but couldn't really afford it? Were the banks at fault for giving loans to people they knew wouldn't be able to pay them?
Nope - in my mind everybody got greedy and everybody lost. To the buyers - no one should be exploited but sometimes people have to have a little common sense. Being poor doesn't necessarily make you stupid or gullible, but when you have a contract in front of you, you may do well to read it and ask 1000 questions until you fully understand what it is you're signing. And if you still don't understand it, get someone else to help you. To the banks, your risk management was horrid. You should've settled for not qualifying everybody and risk turning people away rather than give people loans you knew they couldn't pay back. The government should've let you guys crash and burn, but I'm not gullible either - a bank collapse in this country would turn the world market on its ear. And this is just the kind of irresponsible capitalism that makes people want to go socialist.
You can spin it however you want. Nobody put a gun to these people's heads and said "Sign up for this variable rate mortgage" or "Max out your credit card."
One other thing from the 1950s and 1960s that people seem to forget is that people lived within their means. My grandparents had their first house paid for within 10 years of buying it, this was very common at the time. Do you know how they did it? They put every penny they earned towards paying it off. No vacations, no new car, no new TV, none of the crap that people HAVE to have nowadays. They knew they had a debt and they paid the damned thing off.
But in 2011 it's gimme, gimme, gimme, I want it now!
I'm sorry, but my original statement stands. Your inability to live within your means should not be my problem. Just because you were too stupid to read the fine print or deny yourself instant gratification shouldn't mean that my tax dollars have to bail your stupid ass out.
I would take issue with the claim that trickle-down economics has failed. It was never intended to SUCCEED! It was just a cheap con, a way to get the poor to collaborate in their own slavery. In this respect, it worked brilliantly.
I agree with @sjtuite, this film portray the banks as the mafia, and its right! they knew they gonna get the money and even the houses of the people at an optimal profit, they could lend them less or absolut no money based on the risk level that any person has to pay a loan, but they did that????(its my job to do that), they should... damm, really??? lend to a guy that has that high risk(age, health, education level, proffit level... all was low... they wanted the house), thats irresponsible, inhumane, and thats the major flaw of the capitalist system:
The information flow an the oportunity of a demand based market: this means if you found a market for your product you basically cut the price of that product in the whole market due to competition generated by new products and similar products, this information is related to the value of the whole picture (industries) and leads to a gambling known as "wallstreet" that shouldnt exist in first place, its a mean to destroy companies "legally" and creates the "rumor" that shouldnt make fluctuations in the prices... but it DOES, and then what happens: inflation,... capitalism as communism don't work thats the truth and hystory has told us that a hundred times, all the world needs a new system, one thats not so symply that needs regulations all the time, and for that to happen we need first to operate as cells(homes) of clean energy (because energy is allways the problem and the solution, if you know how it works), this wont happen because the energy an the education to make real profit of it its "in the market", sorry Gringos, but you need a revolution.
This docummentary its just a part of the awfull truth you have to deal with(and probably dont know), have you heard of: DDT, monsanto, transgenic developement(transgenics are a good thing. but lately this research is aming to the pharmaceuticals, so... teratogenetic problems), POCs(persistent organic compounds)... if you think organic food is safe, thats what companies like the ones here in my country told you, if a person has a credit card is basically *beep*
And democracy is corrupted too, because even the tv stations are in the market an the education you need to vote, or even care to vote at all, its expensive... well, do you know wath is easier if you dont have education... be a soldier, its another tipe of worker or consumer thats all, where will you start a new war???(im not refering to your people USA, to your state... yes), I just hoping my country is safe... its not, the only bright side its that overpopulation wont happen as predicted.
Hope for you all, you need it(heart attakcs, adicctions of any type, elaborated deceaces, stress problems... ...)
and I hate all the religious mensages this movie has, Jesus probably didnt even exist, but I respect the faith and principles of the character but Im tyred of religious propaganda, Moore could just said "what people whit solidarity in the past could say..." no "what jesus/mahoma/other could say...".
Obama is a failure precisely to the degree that he follows Republican policies--which is almost all the time, despite the rhetoric--and if you ask Michael Moore right now what's wrong with the White House, that's exactly what he'll tell you.
Consumers had something to do with it, sure. So did the lack of regulation. So did Wall Street greed, leveraging, credit default swaps, etc. For you to take the position in your original post is simply to regurgitate whatever you heard on Fox that day.
If a thousand kids died in Arizona in 1872 because their parents gave them snake oil sold by a traveling salesman, does that mean the _only_ problem was at the consumption end? That we should get governments off the back of those poor snake-oil salesmen?
All that talk about greed, regulation, etc. - none of these things are the problem or the solution to the big picture. Those are buzz words that derail the argument. The problem with the economy is people that matter have lost faith in the government's economic issues and they have every right to.
If the government were to fix the budget, the economy would fall into place. The problem is politicians are afraid to do what really needs to be done because it will affect people and cost them votes.
They must cut the budget. Period. You can't tax the problem away because it won't solve over spending. You could tax every millionnaire in the country at 100% and the problem would still be here. Someone needs to actually lead congress into a truly bi-partisan agreement that reflects a cut budget down to what we can afford - a balanced budget; and the next step is to work it into the constitution that demands (just like at the state level) that the budget is balanced every single fiscal year. America's economy would fall in line.
Nice fantasy, based on the erroneous idea that the government's finances are like a business's or a family's. But they're not. We have never--NEVER--found our way out of a crisis like this by cutting spending, and we have ALWAYS gotten out of the crisis by government spending, usually after rebalancing something about revenues--cutting loopholes for corporations, raising tax rates on the rich (who have paid less and less as a percentage for the last 50 years), etc. The current crisis really is a result of decades of irresponsible talk that denigrates the function of government--sometimes ALL of the functions of government--to the point where people are blind to any benefits they get from those functions, so even one dime that goes to the government feels like some kind of illegal and shameful extraction, as opposed to that money going to private interests where the "magic of the market" will work--as if private industry had no greed, no waste, fraud, or abuse, etc. So people indulge themselves in the fantasy of something for nothing--roads, libraries, the military, police, firefighters, the interstate highway system, much safer food and drugs than we've ever had, cars that won't kill you in a fender-bender, kids that don't die in factories after a 14-hour shift, on and on. Anecdotal examples to the contrary ("I knew a guy who was killed by an air bag" or "I know a guy who had a bad reaction to an FDA-approved drug"), these are the kinds of things that make life in 2011 immeasurably better than life before the "evil" government did any of these things.
In short, cuts are NOT the answer for the short-term crisis, and never have been. Not once. Ever. The rhetoric that says so is only a cover for pro-corporatism. And in the long term, all that talk about greed and regulation" are exactly the point.
This is not to say there's no such thing as a program that couldn't be cut or programs that can't be run more efficiently. But that is not the problem with a nation that is at its lowest tax rates for half a century. The problem is similar to what it was before the Boston Tea Party, whose purpose and people were diametrically opposite the sham "tea partiers" of today. Back then, the opposition wasn't to taxation; it was to being taxed despite a lack of representation in a parliament across an ocean. That is nowhere near the situation today. And not just taxed, but taxed in the colonies specifically so taxation could stay lower in England, and all of it for the advantage of the biggest private company going, which had as it single aim the elimination of competition, and the British government was going to assist them all they could in doing so, at the expense of the common people of the colonies, among others. These people were neither anti-taxation nor anti-government, nor anti-government expenditure; in fact, they were for _more_ government action and responsiveness, not less, otherwise they wouldn't have wanted to pay taxes to their local and colony governments. (No? Then why did they pay taxes? Why did they set up a system of state and federal government, along with taxation, after winning the Revolution?) They simply didn't want to have money extracted from them by the government for the benefit of a private company, with no benefit coming back to themselves in the form of civic services and whatever else they wanted their tax money going for. They hated the idea of an unbreakable business-government loop, of government becoming increasingly about only the interests of the monied and powerful.
If any of that sounds familiar, it should. It's absolutely appalling that today's "tea partiers" consider themselves any part of this legacy whatsoever. They're not. They're mostly gathered by front organizations for corporations, lobbying for the benefit of giant corporations and corporate advocates. The kinds of things you're saying here are exactly the problem, just another iteration of failed Reaganism that has resulted in a series of financial crises starting in the 1980s and culminating in the disasters we're in the middle of now. The only break in that chain was during the administration of a president (Clinton) who in any other era would've been considered a moderate Republican, and whose modest tax increases balanced the budget and resulted in an extended period of high employment. (I'm no fan of the guy; I think his sexual behavior was reprehensible and unforgivable, and his rush to globalization contributed very much to where we are now. I'm just talking about several years where we seemed to get over the idea, however temporarily, of something for nothing.)
Why is it erroneous to think the government's budget is different than any other budget? Because the government pays for a lot of things everyone enjoys but take for granted? I never said the government shouldn't have programs that help the country, and of course you also pointed out a lot of things that are paid for by local government, not necessarily the feds. But again, that's irrelevant because I never painted a picture of no government.
And I don't understand your reasoning that budget cuts aren't and have never been the solution. Be that as it may, fine, let's say, as I believe I stated, that each and every penny spent by the federal government is worthwhile and deserved. And then you mention Clinton - whose budget also included spending cuts, but the bigger influence than him raising taxes was the booming economy and huge gains in the stock markets, the dot-com bubble, which brought in hundreds of millions in unanticipated tax revenue from taxes on capital gains and rising salaries. The environment made possible by a pro-business pre-Clinton economy. "Taxing of the wealthy" is a talking point but doesn't really do anything but affect the middle class (because the definition of wealthy gets lower every year!). Any wealthy person with an accountant knows how to dodge high taxes.
This is why I think cutting out the loopholes is a better solution than high taxes, but what's good for the goose is good for the gander. I'm for a flat tax, for each and every citizen or corporation that earns a wage. You could do that at an extremely modest rate, anywhere from 11 to 15 percent and you'd have quite a revenue stream. And I'd cut loopholes as well - without exception (rich or poor.) There have been plenty of arguments made for a flat tax and it would eliminate all the class warfare/class envy anti-corporation rhetoric which has never done anyone any good ever.
And why this caused you to go on a rant about tea partiers is beyond me. Political parties and what they say or stand for is generally a lie and the biggest part of this problem. You'd be better off not fixating on it.
"Why is it erroneous to think the government's budget is different than any other budget?"
Because you personally do not set fiscal policy with what you do in your household; you do not have the interest of the "common good" as a responsibility of your intake and outgo (other than the "common good" of the people in your house); you do not have the collective power to put a lot of money together in a concentrated way and start a new CCC or WPA and fix a lot of stuff that needs fixing, thereby creating a massive number of jobs, in the public interest rather than for the private profit motive (where cost-cutting measures often threaten safety and lead to the lowest level of apparently acceptable quality, "apparent" to the average consumer who cannot possibly be expected to understand everything about the produced article or service); and about 17 other reasons that I don't have time to list in view of the fact that I doubt you'll be open to them, because it seems to me you're ideologically opposed (an honest position--I just think it's a wrong one).
As for "taxing of the wealthy" being a talking point because the definition of "wealthy" gets lower every year, I don't think so. If you think you can make a case to the common guy as to why people making over $250K a year shouldn't pay fractionally more in taxes to save the nation's economy, to put police and teachers back on the payroll, be my guest. (As I'm sure you know, the viable plans advanced by actual Democrats, as opposed to corporate Democrats, are progressive and proceed stepwise, with people making, say, $260K a year paying at only a marginally higher rate than those under $250, but those making a million a year paying at a higher percentage). If you're making a slippery-slope argument, it's as bad as almost all slippery-slope arguments. You have to draw a reasonable line somewhere. If you think it's too low, fine. Make your argument. But you're arguing two things at the same time: Progressive taxation might be OK if the "rich" line were set at the right level; or, progressive taxation is fundamentally unfair and/or unworkable.
If "any wealthy person with an accountant knows how to dodge high taxes," that's a problem with loopholes, not with the fact of taxing these people. It's not only an off-point argument, it actually suggests that wealthy people disproportionately find ways around paying their fair share.
The goose-gander argument is based on some presumption of fundamental sameness. On what basis would you say that the person trying to scratch out a living at $30K ought to pay the same rate as the guy at a million a year? You don't see any qualitative differences between the positions those people are in? Aside from the negative effect of the flat-tax position in political terms (far more people make $30K than a million), do you not think that people who are at that level of income are at some increased level of responsibility? When it comes to small businesses, for instance, whose roads do their delivery trucks drive on? Whose police force responds to a robbery or a burglary? Whose government works out trade deals with other nations, polices interstate commerce in a way that aims at fairness (again, anecdotal exceptions aside), funds the state universities from which they benefit (from an educated staff), etc.?
The rant about TPers was because what you're saying is what TPers advocate: "We need to cut the budget. Period." That's the end of the discussion with them, and according to your own language, you too.
"Class warfare" is the typical GOP labeling that you get from really good marketers (and they are _infinitely_ better than Dems at it, a total mismatch--cf. "the stimulus"). How many people thought it was "class warfare" in the '50s, when the top bracket was around 90%? I'll reiterate the earlier point: Reaganite marketing has had all the cards, all the money, all the power, and has convinced people--based on a grain of truth here and there, agencies that don't work at full efficiency, etc.--that "government IS the problem." A "tea partier" today, for instance, gets up in the morning in his house that didn't burn down because of building codes; takes his medicine that won't kill him; gets in the van that is tremendously safer than it was a generation ago; drives on public streets to get to the interstate; stops off for a McMuffin that won't kill him and is made to at least some minimum standard of food quality; arrives at the public park or the public square, and starts ranting against taxation in general and the evils of government.
The fact is, the profit motive and the "magic of the market" frequently runs against the public interest and even against individual interest. Reaganites and TPers who were appalled at the sight of refugees retreating from Katrina and finding $200 hotel rooms and $20-a-gallon gas really had no basis for complaint. No "magic market" Republican could possibly have anything to say about such a thing. "Somebody should DO something about that!", they said. But who was the "somebody"? If they want government off the backs of business, if they want business to operate unfettered by regulation, there you have it. Or, you have it in China, mostly, where you get products stuffed with whatever the manufacturers can get away with, because it's good for profits. You have it in Somalia, where freedom from government rules the day. You have it in the kinds of deals Mitt Romney used to pursue, where cutting workers was the way to profits.
Incidentally, as to the OP's original question (at the beginning of the thread), the answer is: Not well at all, because the President doesn't have the backbone to act like a traditional populist-progressive Democrat; nor, quite honestly, did he ever had the inclination. (During the entire campaign, both for the Democratic nomination and the general, I couldn't get anybody on the Democratic side to listen--among many fellow political journalists, I mean--when I insisted his history showed him to be too pro-corporate, in addition to the fact that he was nowhere near the most experienced, most qualified, or most "progressive," if that was what he was supposed to be. He had a great voice and was good with a speech. That's about it. That's still about it.) He is obsessively "centrist," more worried about his legacy as a "uniter" than he is about standing up to anybody or fixing anything, too passive, too academic, and to the right of Dwight Eisenhower (who would be called a flaming liberal) on almost any issue you can name.
At any rate, I appreciate your intelligence, your position is honest, you're not a crazed ranter, you're clearly concerned about the direction of the country, etc. I just think history and science (valid economic science, I mean) prove that what you're saying is completely wrong.
"Because you personally do not set fiscal policy with what you do in your household; you do not have the interest of the "common good" as a responsibility of your intake and outgo..."
Two things here - fiscal responsibility for a nation should be about the same as in a household. As that goes I would argue that with each monetary decision the head of household makes affects some industry, whether its buying furniture or contributing to the betterment of the neighborhood thereby helping the home values increase. It's on a far smaller scale, but you're wrong here.
"If you think you can make a case to the common guy as to why people making over $250K a year shouldn't pay fractionally more in taxes to save the nation's economy, to put police and teachers back on the payroll, be my guest."
The better question is why should they? Why should someone be penalized with higher taxes by percentage just because he makes more money? What kind of message is that? Isn't it everybody's job to contribute?
"On what basis would you say that the person trying to scratch out a living at $30K ought to pay the same rate as the guy at a million a year?"
At 10% each they each would proportionately pay the same in taxes but the person making $250K would pay more actual money into the system (which pays for anything extra he may accrue like wear and tear to roads outside his office, etc.) You have to also consider the employment of the truck driver because of that business owner. Not only would this person pay more in taxes, the cumulative effect should be considered.
You can lump me in with a tea partier or the GOP all you want. I won't address anything they say because I'm not a member. You would be wise not to throw stones either. It doesn't help your argument because a political affiliation, no matter what it is, happens to be inconsistent. You can disagree with something I say, but don't bring in what outsiders do as a way to prove me wrong. It won't work. You'll have to do better than that.
Actually, much of the deregulation happened during the Clinton years. It was even pointed out in the film. The repeal of the Glass-Steagall act made it possible for commercial and investment banks to merge which allowed mortgage-backed securities and collateralized debt obligations to be traded and ultimately led to the beginning of the financial crisis. http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act