Expose on the Tea Party Architects

[saden1]

Originally Posted by Slingin Sammy 33

Just thought I'd help FD out a bit here.

Arnold Kling, Marc De Vos,
RealClearPolitics - Obama's State Capitalism: A Failure of Modesty

Allan Meltzer - professor of economics at Carnegie Mellon
Allan Meltzer: Why Obamanomics Has Failed - WSJ.com

Peter Morici, a business professor at the University of Maryland and former chief economist at the U.S. International Trade Commission, said Mr. Obama's proposed small-business lending fund is "a drop in the bucket" compared with what is needed. With the estate tax scheduled to be reimposed at the end of this year, he said, small businesses will suffer even more.
"I can't imagine a president with a more anti-small-business agenda than Barack Obama," Mr. Morici said. "What you saw in the Rose Garden was the cynical enterprise of a cynical man. He simply doesn't believe in the private sector, and it shows in his actions." (Stephen Dinan and Kara Rowland, "'Stimulus' or not, Obama seeks new spending,'" Washington Times, 6/13/2010)

University of Chicago’s Eugene Fama and Columbia University’s Charles Calomiris
Obvious Failure of Stimulus Becomes Obvious Even To Economists - Hit & Run : Reason Magazine

Jeffrey Sachs
Keynesian Economist, Jeffrey Sachs Says President Obama's Stimulus has Failed | The Hinterland Gazette

Really? A little bit of fuzzy math I'd say. Here's the real story.

The new Democratic claim about job creation*|*KeithHennessey.com


Also, from the below Heritage article:
When the President first began selling his stimulus plan to the American people in November 2008, he promised it would create 2.5 million jobs. But as employment fell at the end of 2008, President-elect Obama increased his employment promise by one million to 3.5 millions jobs created. At the time, employment stood at about 134.3 million. Using these two data points, one can objectively establish the Obama jobs target for December 2010 at 137.8 million. Fast forward to July 2010 and the latest jobs report shows total U.S. employment at almost 130.5 million. This means President Obama’s stimulus has failed to meet its own standard for success by 7.4 million jobs.

Both Bush and Obama had a hand in TARP so this one isn't all on Obama. But, Huff Post thinks there are several failures of TARP.

Top Official, Citing TARP, Doubts Obama's Small Business Lending Plan

Small Banks STILL Struggling Despite Wall Street Bailout

TARP Global Impact: U.S. Bailout Helped Overseas Banks

Bailed-Out Banks Finance 'Legalized Loan Shark' Payday Lenders, Says New Report

Here's some more links:

Fifth TARP Bank Fails, Likely Wiping Out Taxpayer Stake - Washington Wire - WSJ

I haven't fact checked this one, but there's some interesting points here.

Why TARP Was a Taxpayer Failure But a Political Class Success

The GM & Chrysler bailout suceeded in saving GM and thousands of jobs, but it's certainly not a model that should be used going forward.

Many on the left don't think so.

More U.S. Troops Killed in Afghanistan Under Obama Than Under Bush | MichaelMoore.com


Don't believe all the numbers that come out of the Administration.

Morning Bell: Why the Obama Stimulus Failed | The Foundry: Conservative Policy News.

It's going to be tough to read all of that...can you summarize and name the economists please? Thanks.

[Slingin Sammy 33]

Originally Posted by saden1

It's going to be tough to read all of that...can you summarize and name the economists please? Thanks.

No worries. 12th asked for one, so I thought I'd give him a few to pick from.

Kling - quick bio
Arnold Kling's personal web page
Kling argues that the collapse of the housing market and the financial crisis disrupted what had been "a sustainable pattern of specialization and trade" and that we need to let the market economy develop a new one.
Instead, the policies of the Obama Democrats have been aimed at propping up the old order -- holding up housing prices and the mortgage market, keeping the Detroit auto companies in place, maintaining the lush standard of living of public employee union members (the purpose of the $26 billion the House was summoned back to Washington to approve Tuesday).
Maintaining unsustainable patterns of production, Kling writes, prevents the trial-and-error process of private investment that creates new jobs and patterns of production that will be sustainable.

Marc De Vos - quick bio
Marc De Vos index
Across the Atlantic, Marc De Vos, director of the Itinera Institute, a Brussels think tank, advances similar arguments in his book "After the Meltdown." The financial crisis, he argues, has brought a revival of "state capitalism," in which governments "have an increased and distorting role in economics."
"The state should be the partner of the market, not the owner or manipulator of the market," he writes. "Governments should not pick economic winners and losers. The state may be back, but the politicians should be modest."

Meltzer's is a good read, from my perspective

Eugene Fama - wiki bio
Eugene Fama - Wikipedia, the free encyclopedia
What has Fama learned from the crisis, then? “I learned a lot about government overreactions but not much about recessions,” he tells me. Confronted with a sharp economic downturn, governments face political pressure to act; stimulus spending and other state interventions seem sensible, even when the history of past crises suggests otherwise. Worse, the new public debt and regulations then hobble economic recovery. Rebounding from the post-2007 recession would have been quicker, Fama believes, if the government had mostly let free markets clean up the mess, reestablish true prices, and select the enterprises able to survive.

Sachs - quick bio
Prof. Jeffrey Sachs, Director - The Earth Institute, Columbia University
He's a lefty and Keynesian proponent who thinks Obama essentially hasn't gone far enough.
"Little bits of these efforts are strewn through the stimulus legislation, the pending climate legislation and elsewhere. But the administration has not done the hard work to bring these complex initiatives to reality. Intercity rail does not just appear by itself. Direct-voltage transmission lines require a new federal and regional power grid strategy. Nuclear power requires presidential leadership to get moving again. Carbon-capture and storage requires a partnership of science and industry, backed in early stages by public technology funds.
The president has lost the economic initiative, weighed down by a tedious fight between two outmoded ideologies: Keynesianism and supply-side tax cuts, as well as by the president’s excessive deference to Congress.
The president occasionally sings these lyrics but has not yet presented a plan. Move now, Mr President, or we will spend our time digging out of the next consumer bust and buying our technology from China."

If you only read two, read the Meltzer and the Job Creation link from Hennesey. Most of the rest is pretty much just piling on.

[wilsowilso]

It's all well and good to find economists that think the Obama administration's economic plans have been unsuccesful, but find me an economist that argues that the eight years of Bush economic policies and fiscal irresponsibility that got us into this god awful mess in the first place was a better alternative. Good luck.

Now ask yourself what the current Republican economic strategy is.

[firstdown]

Originally Posted by wilsowilso

It's all well and good to find economists that think the Obama administration's economic plans have been unsuccesful, but find me an economist that argues that the eight years of Bush economic policies and fiscal irresponsibility that got us into this god awful mess in the first place was a better alternative. Good luck.

Now ask yourself what the current Republican economic strategy is.

Those responses where to 12th saying that we could not find one economists who would say the stimulus failed. I guess when the skins loose we can blame that on Zorn. I'll be the first to say Bush and congress where both fiscally irresponsible and that's one of Obama's and congresses problems today. Thats also why the Tea Party is growing.

[12thMan]

This woman is melting faster than the wicked witch. LOL

[firstdown]

Originally Posted by 12thMan

This woman is melting faster than the wicked witch. LOL

So she is dropping like Obama's arpproval rating. LOL

[mlmpetert]

Also a lady who experimented with witch craft as a teenager in High School is a lot less scary to me then a career politician who became a self described Marxist in college after a trip to Kenya.

So in Delaware you have the choice between a Marxist and a Witch. Does anyone else hate politicians?

Delaware Democrat Chris Coons:
Chris Coons: 'Bearded Marxist' | The FOX Nation

[Chico23231]

Originally Posted by mlmpetert

Also a lady who experimented with witch craft as a teenager in High School is a lot less scary to me then a career politician who became a self described Marxist in college after a trip to Kenya.

So in Delaware you have the choice between a Marxist and a Witch. Does anyone else hate politicians?

Delaware Democrat Chris Coons:
Chris Coons: 'Bearded Marxist' | The FOX Nation

lolololololololololol you gotta be kidding me. Why would read proganda garbage from this site. Other story headlines from this garbage site:
1.After Muslim Rumors Fly, Obama Finally Goes to Church
2. Leftism Mob Spits on Breitbart
3. China Compare Obama to Mao

[mlmpetert]

Originally Posted by Chico23231

lolololololololololol you gotta be kidding me. Why would read proganda garbage from this site. Other story headlines from this garbage site:
1.After Muslim Rumors Fly, Obama Finally Goes to Church
2. Leftism Mob Spits on Breitbart
3. China Compare Obama to Mao

So Chris Coons didnt write a paper about him become a Marxist in college?

[Chico23231]

Originally Posted by mlmpetert

So Chris Coons didnt write a paper about him become a Marxist in college?

Like our current Govenor and his college thesis voicing his opinion about women?

My man, grain of salt with both...its a stretch when trying to compare those examples to a nut case who experimented in Satanic ritual...

[firstdown]

Originally Posted by Chico23231

Like our current Govenor and his college thesis voicing his opinion about women?

My man, grain of salt with both...its a stretch when trying to compare those examples to a nut case who experimented in Satanic ritual...

Better that than an x KKK member like the beloved Byrd.

[Beemnseven]

For someone with my political views, I'd be in a real pickle about O'Donnell. On the one hand, she's a certifiable wack-job with her literal biblical views about lust and such. In any other race, I would dismiss holy rolling thumpers like her without a blink.

On the other hand, if her goals with regard to economic policy are to stand in opposition to the continued feeding of this unbelievably massive leviathon that is the United State Federal Government, I'd have to hold my nose and vote for her.

But then again, she's all for the wars and apparently sees Iran as a threat that must be dealt with militarily. And as I've said over and over -- if you're a Tea Party member, and you want an end to the economic suicide of this country, you have to call for an end to fighting wars that we cannot afford.

[saden1]

Originally Posted by Beemnseven

For someone with my political views, I'd be in a real pickle about O'Donnell. On the one hand, she's a certifiable wack-job with her literal biblical views about lust and such. In any other race, I would dismiss holy rolling thumpers like her without a blink.

On the other hand, if her goals with regard to economic policy are to stand in opposition to the continued feeding of this unbelievably massive leviathon that is the United State Federal Government, I'd have to hold my nose and vote for her.

But then again, she's all for the wars and apparently sees Iran as a threat that must be dealt with militarily. And as I've said over and over -- if you're a Tea Party member, and you want an end to the economic suicide of this country, you have to call for an end to fighting wars that we cannot afford.

So you would vote for her? Would not vote for her? Blow your own head off in frustration? Decisions Decisions...they are tough to make.

[saden1]

A picture is worth a thousand words, this one is worth 5 trillion:

[firstdown]

HMMM, Looks like Cuomo has lost his 23 point lead for govoner to Carl Paladino in just over a few weeks. That dam Tea Party.

Democrat Cuomo narrowly leads NY governor's race | Reuters