Obama presidency: Government on steroids

If Obama wins, with a solid liberal majority in congress, get ready for the biggest expansion of federal government since the failed Great Society, which was responsible for much of this nation's problems in the 60's and 70's. Those of you making six figures will be brutally punished for your success, as Obama wants to redistribute income by giving your hard earned money to lazy poor people and welfare queens. The Wall Street Journal has a great article on this.

http://online.wsj.com/article/SB12242020588984298…

 

I am so so scared about Obama's economic policies. I agree with him on most things, but he's gonna basically lethal inject Wall Street and basically end the $$$ of IB.

 

Obama has done a brilliant job of coming across as a moderate who just wants to give the middle class a break. But his actual policy agenda is the most radical in American history. It will be a massive redistribution of wealth and expansion of the welfare state. There is a reason why lazy poor people and criminals, are supporting Obama. It's because they know they'll be getting a free ride!

With Obama as president, making good money in finance will be over. Quite frankly, you will be punished for your pursuit of wealth and success. Obama's socialist vision is one of the reasons why Europeans adore him so much.

It's going to get REAL bad with Obama as president. I really hope all these wall street people supporting him, examine the policy details, and vote in their self-interest.

 

One of the scariest parts of his plan:

"- Union supremacy. One program certain to be given right of way is "card check." Unions have been in decline for decades, now claiming only 7.4% of the private-sector work force, so Big Labor wants to trash the secret-ballot elections that have been in place since the 1930s. The "Employee Free Choice Act" would convert workplaces into union shops merely by gathering signatures from a majority of employees, which means organizers could strongarm those who opposed such a petition.

The bill also imposes a compulsory arbitration regime that results in an automatic two-year union "contract" after 130 days of failed negotiation. The point is to force businesses to recognize a union whether the workers support it or not. This would be the biggest pro-union shift in the balance of labor-management power since the Wagner Act of 1935."

 

IB business is completely screwed up and gone forget it for now... and now you guys are blaming it on obama lol

The biggest injection of government into our banking system was under a republican administration and now you guys are blaming it on Obama, this islunacy

Most rich bankers on wall street are supporting Obama because they know better and they know the backbone of the economy is the middle class, guys , look at warren buffet who is the best person that understands our economy, he is supporting Obama because he knows what is best for our economy.

 
ibdreamer:
I am so so scared about Obama's economic policies. I agree with him on most things, but he's gonna basically lethal inject Wall Street and basically end the $$$ of IB.

Now observe the misinterpretation of the "lethal inject" comment...

ST2008:
IB business is completely screwed up and gone forget it for now... and now you guys are blaming it on obama lol

The biggest injection of government into our banking system was under a republican administration and now you guys are blaming it on Obama, this islunacy

Most rich bankers on wall street are supporting Obama because they know better and they know the backbone of the economy is the middle class, guys , look at warren buffet who is the best person that understands our economy, he is supporting Obama because he knows what is best for our economy.

Kid you don't know what you're talking about. I'd have to disagree that Warren Buffet is "the best person that understands our economy"... whatever the fuck that's supposed to mean.

Why would you blindly follow buffet? He's a fucking billionaire and you're a goddam college student. You're going to feel the sting of these economic policies much more than he will (relatively). If you've heard either candidate talk about the economy you know that both of them know next to nothing.

 

McCain said explicitly that he doesn't know anything about the economy, and his top economic advisor said that America is a nation of whiners and Americans are suffering from a mental recession.

Warren buffet cares about the economy and is he probably the best person that knows about not only the American economy but the global economy, and I really trust him. He is very wealthy, but he never forgets where he came from, he came from the middle class, that's why he is very successful, can you name someone else that perhaps knows better about the economic? Green Span?

I cannot think of some better than Warren Buffet.

I definitely know what I am talking about....

 

IB business is completely screwed up and gone forget it for now... and now you guys are blaming it on obama lol

The biggest injection of government into our banking system was under a republican administration and now you guys are blaming it on Obama, this is lunacy

Most rich bankers on wall street are supporting Obama because they know better and they know the backbone of the economy is the middle class, guys , look at warren buffet who is the best person that understands our economy, he is supporting Obama because he knows what is best for our economy.

 

When Clinton became president, the democratic congress was a lot more moderate than it is now. There was a good number of conservative southern democrats who opposed Clinton's tax increase in 1993, which is the reason why it only passed by one vote in the house and a tie in the senate, which was broken by Vice President Gore. And moreover, there is no empirical evidence that the tax increase helped the economy, which didn't start improving until around 1995 when the GOP congress forced Clinton to move to the center.

Fast forward to now. The democratic congress is A LOT more liberal on virtually every issue, including taxes, government programs, free trade, not to mention national security and social issues. An ultraliberal from San Francisco is the speaker of the House. And Obama would be the most liberal president in U.S. history. I fail to see how this combination will lead to anything but socialism.

 

The only way possible that Obama won't go down as the worst president in the history of the US is if someone turns him into a martyr by shooting him first. That is honestly the best chance he has.

Also I am not a McCain fan.

 

It's too bad that you are bringing up the idea of him being assassinated... I have a full confidence in Obama as well as all Americans who are going to vote for Obama in Nov 4th. I am also confident that Obama will be as one of the best presidents of the USA such as Clinton, JFK, Regan, and FDR.

Again I absolutely know what I am talking about, and I never blamed Bush for all the economic problems that we have today.

 
ST2008:
It's too bad that you are bringing up the idea of him being assassinated... I have a full confidence in Obama as well as all Americans who are going to vote for Obama in Nov 4th. I am also confident that Obama will be as one of the best presidents of the USA such as Clinton, JFK, Regan, and FDR.

Again I absolutely know what I am talking about, and I never blamed Bush for all the economic problems that we have today.

If you think FDR was one of the greatest presidents then I guess I can see why you support Obama: You're a socialist. FDR fucked up this country big time (more than just economically, but I won't go into that).

There hasn't been a good president since Coolidge.

 
ST2008:
It's too bad that you are bringing up the idea of him being assassinated... I have a full confidence in Obama as well as all Americans who are going to vote for Obama in Nov 4th. I am also confident that Obama will be as one of the best presidents of the USA such as Clinton, JFK, Regan, and FDR.

Again I absolutely know what I am talking about, and I never blamed Bush for all the economic problems that we have today.

If you think FDR was one of the greatest presidents then I guess I can see why you support Obama: You're a socialist. FDR fucked up this country big time (more than just economically, but I won't go into that).

There hasn't been a good president since Coolidge.

 

He is how I see it, Clinton was a Democract with a democratic congress and Obama is a liberal with a liberal congress. Let me explain, Clinton looked upon leftist policies with some scruitiny because he wanted the public's view of him to be favorable. He also wanted himself and his party to be reelected. On the other hand Obama is a leftist idealogue whose only goal in gaining the presidency is to put forth his leftist (read: socialist) ideals into government. He wants to be liked and re-elected but he and the liberals who control the house (and may control the Senate w/o a chance of a filibuster) know that once thier plan is instituted it probably isn't going anywhere without the Supreme Court doing something. We will have the Great Society x 1000 in place forever! I may not be the most outright supporter of McCain b/c of his almost lack of conservatism but Obama scares the shit out of me and will drive this country into the pits of hell. I mean, unless the Democrats pass laws to keep themselves in Congress (like the WSJ article insinuates) they will be out of power fairly fast because of the following recession and fiscal crisis. Is it worth the chance of completly fucking up capitalism that have a Republican majority for years to come...I dont think so.

So what do you do? -I work for an investment banking firm. Oh okay; you are like my brother, he works for Edward Jones. -No, a college degree is required in my profession

Reality hits you hard, bro...
 

That's very offensive, please stay you from being personal and call someone that you don't know a socialist.

According to a study done by C-Span,

"A 1999 survey by C-SPAN found that by a wide margin academic historians consider Abraham Lincoln, George Washington and Roosevelt the three greatest presidents, consistent with other surveys. Roosevelt is the sixth most admired person from the 20th century by US citizens, according to Gallup."

 
Best Response
ST2008:
That's very offensive, please stay you from being personal and call someone that you don't know a socialist.

According to a study done by C-Span,

"A 1999 survey by C-SPAN found that by a wide margin academic historians consider Abraham Lincoln, George Washington and Roosevelt the three greatest presidents, consistent with other surveys. Roosevelt is the sixth most admired person from the 20th century by US citizens, according to Gallup."

Can't say I'm surprised that "academic" historians favor the president who was responsible for the deaths of more Americans than any other in history and the president who did more to socialize the country and forced us into WWII as two of the top three as far as they're concerned. We all know the liberal/socialist tripe that comes out of the hallowed walls of academia today.

Check your facts and make sure the Roosevelt most admired by the people was FDR and not Teddy.

 

I love it when people take an entry level class in a subject and deem themselves experts - glad so many of you GOP-lovers enjoyed Econ 101. I'm sure you'll find that markets are perfect, negative externalities never go unchecked (so all taxes really are evil and useless!), and people think in terms of isoquants ALL THE TIME!!! Information is perfect - and Ronald Reagan is on the 99 cent piece (they finally made one!)

Really guys - just wait until you meet someone who prefers apples to oranges, and bananas to apples, but for some reason he/she chooses the orange when presented with the banana and the orange. In the mean time, brainstorm a (legal) privately-funded endeavour to spiritually revive the drunk pissing bum who's been sleeping on my subway stairs for the past week, and get him moving! Then get the right financing

 

It's just absurd that some of you think that FDR was a horrible president, he is one of our greatest presidents

Even the GOP candidate acknowledges FDR's legacy and I am paraphrasing here when he says I am going to be the republican Roosevelt, who fixed our economy during the great depression.....

 

Yesman,

I watched Bill Maher's show last night (a guilty pleasure for most conservatives, I'm sure) and I have to say that the socialists on his panel finally produced reasoned, cogent arguments for socialism without much vitriol or launching into screeds. They were thoughtful and I have to say I was impressed (though not persuaded, of course).

As for the bum on your stairs, it is truly shameful that he is more than an isolated case in a country of this wealth. Without getting too spiritual, myself and men like me are bound by a religious duty we take very seriously to see to the needs of the poor. I am uncomfortable discussing my (by some measures extensive) personal efforts to that end because I believe those efforts are to be expected and are not in and of themselves praiseworthy.

That said, my religious beliefs also prohibit theft, and the imposition of my will upon another free human being. By my belief system, in order for an act to be morally good, all aspects of the act must be morally good. In other words, the ends do not justify the means. If I am helping every poor person in America by absconding with the wealth of only the top one percent, it is still an intrinsically evil act.

Of course, I could be completely wrong. But I have no trouble sleeping at night.

 

edmundo,

a point i've tried to emphasize in all of our dialogues has been that I don't abscribe to the socialist v capitalist dichotomy; economics - like any science - has large gray areas. a proposal can certainly be more socialist or more capitalist, but it is ridiculous (and loaded) to call someone a socialist just because they advocate a degree of government intervention, just like it would be ridiculous to call lenin a capitalist because he proposed a degree of private ownership. Labels are popular because they polarize your opponent and gratify you for having made a connection between a textbook and real life; but it's a straw-man arguement.

I didn't see Real Time - were panel members actually members of the US Socialist Party?

I'm a very religious person (though I suffer from a bit of non-guilt inducded insomnia). my faith teaches me to be thankful for my advantages (and my luck), and to shun excess when it causes people to be destitute. But I don't think it's a religious issue - we [should've] all learned to share when we were children. If people in this country can't get by on a $250k pre-tax salary, they're unresoureful idiots who lack any of the entrepreuneurial spirt that built this country. Americans are too fat, too depressed, and too boring.

But it's good to know, Edmundo, that you wouldn't steal a loaf of bread to feed your starving family (episode 2 of this season's 'Office')

 

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