Comments on: Priebus on Obama Jobs Plan: ‘I Don’t Think We’re Dismissing It out of Hand’

By: Kimberly

Kimberly — Wed, 14 Sep 2011 14:09:50 +0000

Well, Chuck… Dr. Doom, Nouriel Roubini, wasn’t surprised and he’s recommended short term stimulus and medium to longer term fiscal discipline. Projecting your own situtation onto others, this time “progressives” offers absolutely no evidence that you know what you’re doing, so you may want to say they instead of we, explaining who they is…. Warren Buffett, for example, is he doing well? Would he be one of those who know what they’re doing? Or not so much in your world view? Cut, cap and balance will NOT address the unemployment problem; in fact, it will worsen it in the immediate term. Cut,cap and balance is a short-term anti-stimulus that leads right into the double dip recession. It’s the type of thing that ought to be discussed longer term not in the short term but rather when the economy is stronger. Then it can be argued more credibly that business certainty will offset the the immediate loss of GDP, especially in the out years.

By: Chuck

Chuck — Wed, 14 Sep 2011 12:46:04 +0000

“what have most economists and the economically literate said about what cut, cap and balance would do to the short term unemployment situation…. it certainly wasn’t about jobs and GDP growth in the short term, right?”

Posted by: Kimberly | September 13, 2011, 7:15 pm 7:15 pm

Are these the same “economically literate” economists who are always surprised by “unexpectedly” worse economic results every single month?

It’s interesting that nearly every Progressive I meet who claims to have a superior knowledge of economics and personal finance is personally buried in debt and has a negative net worth. If they had any sense, they’d listen to those of us who know what we’re doing.

By: David

David — Tue, 13 Sep 2011 23:32:14 +0000

Posted by: Chuck | September 13, 2011, 5:34 pm 5:34 pm

Chuck there was no need for the Republicans to hold the country hostage to their demands for raising the debt ceiling. They could have simply passed a raise in the debt ceiling as was done a million times under Bush, Reagan, etc. Instead the Republicans and the tea party chose to play brinkmanship and took the issue to a crisis situation.

The debt rating organizations noted this in their reasons for downgrading the country’s credit rating. The Republicans screwed up by playing politics – extremely selfish and party centric game playing.

They should all be voted out. With the Republicans it’s party, corporations and right wing first – country second. Out with them!

By: Kimberly

Kimberly — Tue, 13 Sep 2011 23:15:44 +0000

Chuck, what have most economists and the economically literate said about what cut, cap and balance would do to the short term unemployment situation…. it certainly wasn’t about jobs and GDP growth in the short term, right?

Cut, cap and balance is a short-term anti-stimulus that leads right into the double dip recession. It’s the type of thing that ought to be discussed longer term not in the short term. When the economy is stronger, then it can be argued more credibly that business certainty will offset the the immediate loss of GDP, especially in the out years.

By: Chuck

Chuck — Tue, 13 Sep 2011 21:34:18 +0000

Posted by: David | September 13, 2011, 4:05 pm 4:05 pm

Lies. Republicans submitted a written plan (“Cut, Cap, and Balance”) to deal with the debt trajectory. The Democrats submitted NOTHING in writing.

”Cut, Cap and Balance would have averted the downgrade since it is the only serious outlook on the debt.” – David Beers, S&P

By: Arnold

Arnold — Tue, 13 Sep 2011 21:16:04 +0000

This plan will not fix the economy. It’s just a short term plan, the only way to fix the economy is to develop something to fill the void of all the money/value in housing loss. So either something new like the ‘Internet’ in the 90s is needed or we’re still going to languish.

Posted by: front load washer smell | September 13, 2011, 4:35 pm 4:35 pm

Yes, this a plan aimed at short-term job creation and boosting of the economy.

By: David

David — Tue, 13 Sep 2011 20:05:40 +0000

Last time Boehner got 98% of what he wanted, the country got a slam to its credit rating and a drop in the stock markets.

Posted by: Steve | September 13, 2011, 3:25 pm 3:25 pm

The Republicans, and in particular the tea party, played politics as if they were juveniles on a playground with little idea of the real consequences of taking the raising of the debt ceiling to a crisis point.

The credit ratings organizations certainly noticed and so did the stock markets. And so did we.

By: wheresmymoney

wheresmymoney — Tue, 13 Sep 2011 19:48:40 +0000

Last time Boehner got 98% of what he wanted, the country got a slam to its credit rating and a drop in the stock markets.
Posted by: Steve | September 13, 2011, 3:25 pm 3:25 pm

Once again, you try and place blame on the Republcans when the Dems were the ones that didn’t pass budgets for two years.

By: 98%

98% — Tue, 13 Sep 2011 19:44:54 +0000

“Last time Boehner got 98% of what he wanted, the country got a slam to its credit rating and a drop in the stock markets.”

If only Obama had known…Oh well, mistakes are made…

By: Steve

Steve — Tue, 13 Sep 2011 19:25:43 +0000

Last time Boehner got 98% of what he wanted, the country got a slam to its credit rating and a drop in the stock markets.