patrick.net

I think i would agree that Obama did not spend too much on the fiscal policy.
People have to remind themselves that what the economy is today is NOT a direct consequence of current policy maker. It is accumulated effected for decades, meaning it has a long memory.
Those debts accumulated is due to "structural problems" like the off-balance sheet liabilities such as promises of social security and medicare. The current structural is a repeating cycle of "borrow-spend-bailout" which is a wealth transfer machine rather than a wealth creation structure such as "earn-save-invest":

Obama did not do anything to change the structure except the Obama care which is an attempt to gain more government power under the name of reducing health care cost.

While he did nothing to change the structure of the economy, he only cope it by using monetary policy which suppress interest to aero and printed trillions. Imagine how many trillions he has stole from the savers to cope with/strengthen the structural problem by encouraging "borrow-spend-bailout" and punishing "earn-save-invest".

So he is not a spender. Monetary policy under him reinforces current structural problem. Fiscal deficit spending sounds different but its effect will be equally bad because it is still "borrow-spend-bailouts"

As always you pat.net people are way too bearish on America....

Heraclitusstudent says

Even Logan doesn't project this trend for very far.

What happens if it continues? For 30yrs? 40? 50?

What happens if the trend breaks?

Federal debt is going to grow for 4 decades plus and by 2024 mandatory payouts alone will exceed government revenue even with a 3% GDP model

it is what it is

Until Japan, Germany, UK and China have a currency induce blow up, it's not worth the time to worry about

Remember all those calls of the death of car sales early in 2016... I do!

As long as Trump creates safe vehicles for American families to save their money and be rewarded. Without having to play the Casino, then I don't care.

If you are stupid enough to invest in bullshit then you deserve what you get.

More bullshit conflation again. The stock market collapse was not the catastrophe last decade. It was the subsequent blank check bailout that was unconscionable.

PCGyver says

If you could follow this thread you would see that Hey You came up with that logic, not me.

Genius!

Ignorance & Wingnut pretzel logic is your forte.
Any Debt that trump has to deal with is the responsibility of Republicans in the House.
Increasing debt can't happen without Republican votes.
TOO COMPLEX! for you."I see the simplest concepts go right over your head."
So you don't have the list of Republicans that voted for debt increases?
I've got a list. You've got talk.

After Jan. 20th any debt increase will be on trump & Republicans.
Cowards won't vote against increases.

philly is a liberal shithole.

Goddamn that's a steep one. You're gonna see people brewing their own moonshine here soon.

How many Wall Street CEOs did Mary Jo cover for?

The Story of John Mack and Gary Aguirre

http://www.rollingstone.com/politics/news/choice-of-mary-jo-white-to-head-sec-puts-fox-in-charge-of-hen-house-20130125

OK, so a diet coke is unaffected by this new tax, correct?

Ironman says

Want to guess what the population makeup of Phila is and how many are on EBT cards??

Guess who, in the end, is paying for this increase??

The overweight welfare recipients. I support the sugar tax and the fat tax.

The voters of Philadelphia are extremely stupid because they are mostly black. All the white people left decades ago.

It's just fucking sugar diluted in fucking tap water. They should make their own "soda".

http://www.philly.com/philly/news/politics/20160617_Philadelphia_City_Council_to_vote_on_soda_tax.html

Suggests that it applies to diet drinks as well

The tax could add up to 18 cents to the cost of a 12-ounce can, $1 to the cost of a 2-liter container, and $2.16 to the cost of a 12-pack. It will affect sodas, teas, sports drinks, flavored waters, bottled coffees, energy drinks, and other products.

Proponents argued that the tax will lift Philadelphians out of poverty by paying for investments in the city's most struggling neighborhoods.

You can't tax your way to prosperity!!!!

bb86 says

It's just fucking sugar diluted in fucking tap water. They should make their own "soda".

I'm sure it's cheaper to make your own cheesesteaks as well, but that's not the point.

BTW, some really old dude at the Philadelphia Visotors' center recommend this place to me:
http://www.sonnyscheesesteaks.com/
And I think he was right about it. It was pretty good.

Ironman says

Strategist says

Guess who, in the end, is paying for this increase??

The overweight welfare recipients

Wrong answer...

It's YOU, the taxpayer.

I'm not into sodas. How can i be paying for it?

Strategist says

I'm not into sodas. How can i be paying for it?

Easy, soda prices double in Philadelphia, so to compensate, the city will give deadbeats more food stamps to "make up" for it.

Schools don't need the money they just need to fire the over paid employees

zzyzzx says

Schools don't need the money they just need to fire the over paid employees

Yup. Too many kids go to school and end up with a "welfare" major.

Ironman says

Assange tells Hannity that Podesta’s password was, um, ‘password’ ..

Now he will have to change it. The idiot will change it to "new password"

Ironman says

He even looks stupid.

Only elite FSB hackers could have penetrated such an advanced Defense.

Obligatory:

www.youtube.com/embed/_JNGI1dI-e8

He's a Russian agent.

Ironman says

Families enrolled in bronze plans will have average deductibles of $12,393, for 2017 according to the study by the consumer insurance comparison site HealthPocket.

HealthPocket also found that that average premiums, or monthly payments, for bronze plans nationwide will increase 21 percent next year for people who earn too much to qualify for Obamacare subsidies.

The poor don't have $1,000, how will they come up with $12,000?
My advise to the poor..... stick to the old system where you go to the emergency and don't pay anything.

Ironman says

"if you like your doctor, you can keep your doctor. Period"

"if you like your plan, you can keep your plan. Period"

If you like your President, you can't keep your President. Sorry, his time is over.

.

This is damning evidence...

Ironman says

See Duckface, he MANUALLY entered it and voluntarily gave an unknown person his email password. That's how they found out it was "Password". Duh..

and this is the Party YOU voted for.

I would have used HubbaHubba1944.

Ironman says

President Obama was honored with the 2016 Washington Free Beacon Man of the Year Award.

Which award is that-I heard he was awarded an award for public service by one of his subordinates? I mean that is tacky even for this clown-or does he have no scruples at all??

phishing is the first wave of attack since it is easiest and quickest to carry out and it bypasses all server security restrictions. i'm sure they did not expect such a high ranking member of Hilary's staff to be that dumb and get caught in the first wave.

then they were shocked to find out he was even dumber than realized. his password was a simple variant of "password" which would have eventually get cracked in a VERY short amount of time regardless. that is what Assange is saying, for the hack-illiterate/slower folks in here.

borrow money to buy vote is all he did

Hilary's nominee would have been worse. this is Obummer's SEC chairwoman:

https://en.wikipedia.org/wiki/Mary_Jo_White

"For 10 years, she was chair of the litigation department at Debevoise & Plimpton,[10] whose self-proclaimed "core practices" and expertise are focused on the success of Wall Street financial firms...It has been asserted in Rolling Stone magazine that, among other duties at Debevoise, White has used her influence and connections to protect certain Wall Street CEOs from prosecution"

"On June 2, 2015, Senator Elizabeth Warren wrote a letter to White indicating that her "leadership of the Commission has been extremely disappointing"[21] pointing out numerous shortcomings and failures during her tenure. Warren admonished that White failed to finalize certain Dodd–Frank rules, did not curb the use of waivers for companies that violated securities laws, allowed settlements without admission of guilt, and was too frequently recused because of her husband's activities."

"On October 14, 2016 Senator Warren sent a formal written request to President Obama asking for the immediate dismissal of White as Chair of the SEC because of her refusal to develop public disclosure rules of political contributions made by corporations."

All financial instruments have risks.
"Saver" are those takes the least risk with the goal to actually "save" to buy foods, or shelter. the goal is NOT large yield or capital gain. Preservation is the key, hopefully without losing purchasing power too quickly. The instruments "savers" use are money market funds or CDs.

"Bond" investors reach out to more risks by going for longer durations. They understand the risks of inflation and speculate on interest rate moves. They do multiple durations to balance risk and reward. They can tolerate fluctuations and make sure they are ready for it since those are NOT money they need to "save" to buy food or shelter.
"Savers" as contrast, do NOT have to deal with these risk management because they want certainty and stability. The only thing they might watch is inflation. They do NOT have to speculate on rate or default risks like Bond investors.

I remember back in 2000-2007, the fed funds overnight is 4% and 1 year CD, money markets are between 4 and 5. Once Obama came in office in 2008, the 4% becomes zero. So the savers saved their income since 2008 received 0% while seeing their cost of living rise. Look at rent, house prices, health care, tuition, those that matter.

Now compute how much those "saver" saved for the past 8 years, and you do 4% compounding. That's the money "wealth transferred" to "fed window" debtors who borrows at 0% and do the dirty work for Obama buying 10 year treasury at 3%.

When money is created in Fed, it goes to 2 places. Either economy such as goods or services, OR financial assets. Obama's 8 year is defined by QE/ZIRP driving existing finaical assets up without having any real impact on econonmy. It also forces savers to take on more risks to award people who take on previous debt to gain control of assets.

Above are my thoughts.

Since the whole threat is started to blame Obama, my thought is that he did NOT do anything to structural change the situation he started with. He just coped with it through monetary policy.
To me, he is neighther good nor bad. He did NOT make things materially worse from structural point of view nor did he became a hero and try to change things by risking his life/career.

He is simply coping along and finally became IRRELEVANT in history other than being the first black president.

Because he keeps the "borrow-spend-bailout" structure intact, as time goes by, the system reinforces hollowing out of the economy and make wealth concentrated in the hands of people who know how to do "wealth transfer" better than "wealth creation". When that elite rentier dynamic goes to extreme, history has shown civilizations tends to go from order to chaotic until new order merges. In most incidents, it is violent and bloody.

What a dumbass. My children could have hacked that.

Ironman says

Really, he can't afford $100 a year to get his own, protected domain like johnpodesta.com or something similar?

Seriously. He should have followed Hillary's lead with clinton.com to insure safety. No one would bitch about that.

Speaking of Russians, whatever became of the 20% sale of our uranium to Russia-John Podesta's daughter holding shares of the Russian company, Hilalry foundation receiving millions or was it tens of millions from the Russian interests etc etc.

Are the repubs investigating it or too afraid their own skeletons will come tumbling out?

When are these intelligence-or dumb-agents going to look into Russian influence on the dems. The uranium, donations to Hillary's charity, John Podesta's daughter owning the Russian company's shares.

Obama is like that crazy chick that throws your clothes and stuff out the window. He can't believe after he made it personal, told people he would be personally insulted if they didn't vote for Hillary-that people voted for trump. He is going crazy.