Less than $5k to go!!
Posted on 03/01/2014 11:05:44 AM PST by Sub-Driver
Obama has given up seeking a solution to America's financial woes
American Way: After nearly six years of back-and-forth with Republicans over America's finances, Barack Obama has signaled that a deal is now beyond his grasp
John Avlon
5:25PM GMT 01 Mar 2014
Without a bang or a whimper, all hopes of striking a so-called "Grand Bargain" to put America's public finances on a sustainable track died a quiet death this week.
And because cynicism passes for wisdom in Washington, the passing was little lamented. But its death is a loss to the cause of putting America's house in order, and all-but-officially marks the moment the Obama administration gave up trying to bridge the political divide on this most fundamental issue.
The death notice itself was printed in the pages of the Obama budget, which quietly rescinded the offer of long-term healthcare and pensions reform by withdrawing the offer of what Capitol Hill policy-wonks call "Chain-weighted CPI" from their budget blueprint.
A contentious but courageous plan, it essentially moved to link social security payments to the rate of inflation, slowing the rate of growth slightly and ultimately saving billions in a society with an aging population.
On the left, Liberals and the big unions howled in protest, but it was a substantive outreach to Republicans by Mr Obama after his 2012 re-election and it could have formed the basis of that "grand bargain" to deal with America's $17 trillion debt mountain.
(Excerpt) Read more at telegraph.co.uk ...
If we raise tariffs to 100%, then the stuff from China will double in price. Making their cheap stuff expensive will fix everything. They already have 100% tariffs on the stuff we make, right?
Of course, nobody will be able to afford to buy anything, but hey, you have to break some eggs if you’re going to make omelets.
It's not that simple. The out-of-control elitist globalist elements of the right are also having it their own way with Obama. It's like he has a strategy that he can serve both masters by destroying the middle class.
Government, banking, and corporate/global interests are all out of control. What we need is smaller governments that are more responsible to the people they're supposed to serve.
He never has a solution for anything.
Back and forth? When did that happen?
“If we raise tariffs to 100%, then the stuff from China will double in price.”
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OK. Works for me.
If an alien race that didn’t understand human language but otherwise understood how cultures behave, observed Obama’s political career and actions, they would reach no other conclusion than that he campaigned on, was elected (twice) on, and is now delivering on his promise to completely tank the economy and turn the US into an utterly destitute nation.
Then make it 200%. If doubling prices for consumers works, why not triple them? Heck, why stop there?
Really, I hate that Chinese crap, and I’d like to keep it out of everybody’s hands. I don’t want it, and I don’t want anybody else to have it either. This “freedom of choice” jazz has to go because people are acting against their own interests, and we can fix that.
Unless you plan on outlawing computers and machinery, that ain't going to change.
You disagree with GeronL, and then proceed to outline why GeronL is right on the mark, which IMO he is.
Good job.
I hate to defend Obama in any situation, but let’s be real here: Most of America’s financial woes are beyond repair. When you live in a consumer-driven economy that is fueled by massive public and private debt, you’re living in a social order that isn’t long for the world.
“and leftists”
of both parties. I am not even certain I need to keep pointing out that both parties are a lot alike.
I guess nobody clued them in that his plan is destroy the economy. His job is done.
barry has been PURPOSELY CAUSING the economic problems we have!!!!!!!!!
He hasn’t given up on anything! You can bet your last tax dollar that he’s got more up his sleeve to further destroy our economy so that it will NEVER recover.
That’s been the plan all along. Don’t be fooled.
(I forgot my "/s". Sorry.)
If he really wanted a solution to America’s financial woes, he would go back in time, look at what works, and do it.
Logical conclusion would be that he’s not interested in anything other than his own agenda, which does not include a robust American economy.
Correct. Economically speaking, his intentions can be distilled down into one word: Reparations.
The left has us right where it wants us. It’s just a matter of when to pull the plug.
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