American Way doesn’t work and has never worked

Kate wrote:

The Liberals GOP Twin wrote:

Kate wrote:

The Liberals GOP Twin wrote:

Kate wrote: Of course, the paragraph is taken out of context. He's talking about trickle down economics. Here's the paragraph just before the one quoted in the blog article:

Now, just as there was in Teddy Roosevelt’s time, there is a certain crowd in Washington who, for the last few decades, have said, let’s respond to this economic challenge with the same old tune. “The market will take care of everything,” they tell us. If we just cut more regulations and cut more taxes — especially for the wealthy — our economy will grow stronger. Sure, they say, there will be winners and losers. But if the winners do really well, then jobs and prosperity will eventually trickle down to everybody else. And, they argue, even if prosperity doesn’t trickle down, well, that’s the price of liberty.

Then the next paragraph:

Now, it’s a simple theory. And we have to admit, it’s one that speaks to our rugged individualism and our healthy skepticism of too much government. That’s in America’s DNA. And that theory fits well on a bumper sticker. (Laughter.) But here’s the problem: It doesn’t work. It has never worked. (Applause.) It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible postwar booms of the ‘50s and ‘60s. And it didn’t work when we tried it during the last decade. (Applause.) I mean, understand, it’s not as if we haven’t tried this theory.

Makes a little more sense now, doesn't it? He wasn't talking about America not working, he was talking about the Reagan trickle down economic model.

Really It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible postwar booms of the ‘50s and ‘60s. And it didn’t work when we tried it during the last decade. (Applause.) I mean, understand, it’s not as if we haven’t tried this theory." Wow... Reagan was pushing this during the 1920's?

Okay, I stand corrected. Maybe not the Reagan trickle down, but the economic trickle down theory. My point is that the original post, and the blog cited, are erroneous in their omission of the context.

You mean Obama was talking about Reagan's trickle down theory in 1920's? You're getting more and more confusing with every comment.

Read the speech transcript from the blog link and figure it out yourself.

I read it... so... Obama is saying that the free markets have never worked in this country.

"Now, it’s a simple theory."

What is that theory President Obama is referring to? - "If we just cut more regulations and cut more taxes — especially for the wealthy — our economy will grow stronger."

Is that theory the "American Way"? I think that Life, Liberty and the Pursuit of Happiness is the American Way, not an economic theory. This thread is another misleading one that isn't true.

Maybe it should read Obama Way doesn't Work and has never worked.

Soulshiner wrote: "Now, it’s a simple theory."

What is that theory President Obama is referring to? - "If we just cut more regulations and cut more taxes — especially for the wealthy — our economy will grow stronger."

Is that theory the "American Way"? I think that Life, Liberty and the Pursuit of Happiness is the American Way, not an economic theory. This thread is another misleading one that isn't true.

Isn't that odd... you can't even tell me what "theory" Obama is talking about. Why so vague?

Soulshiner wrote: "Now, it’s a simple theory." What is that theory President Obama is referring to? - "If we just cut more regulations and cut more taxes — especially for the wealthy — our economy will grow stronger." Is that theory the "American Way"? I think that Life, Liberty and the Pursuit of Happiness is the American Way, not an economic theory. This thread is another misleading one that isn't true.

Let's see... maybe this is what he's talking about that's not working...

Factories where people thought they would retire suddenly picked up and went overseas, where workers were cheaper. Steel mills that needed 100 — or 1,000 employees are now able to do the same work with 100 employees, so layoffs too often became permanent, not just a temporary part of the business cycle. And these changes didn’t just affect blue-collar workers. If you were a bank teller or a phone operator or a travel agent, you saw many in your profession replaced by ATMs and the Internet.

Let's see... bank tellers are not working... that's what he's talking about... hmmmm... except he's lying again...

ATMs have not in fact displaced bank tellers. According to this 2004 Charles Fishman article in Fast Company: "At the dawn of the self-service banking age in 1985, for example, the United States had 60,000 automated teller machines and 485,000 bank tellers. In 2002, the United States had 352,000 ATMs—and 527,000 bank tellers. ATMs notwithstanding, banks do a lot more than they used to and have a lot more branches than they used to."

More recently, the Bureau of Labour Statistics reports there were 600,500 bank tellers in 2008, and the BLS projects this number will grow to 638,000 by 2018. Mr Obama clearly picked a poor example.

http://www.economist.com/blogs/democrac ... employment

http://www.bls.gov/oco/pdf/ocos126.pdf

Oh... by the way. This article above was written in June 2011, the last time Obama was lying about ATM's and tellers. So... I'm still confused... Obama... what's not working?

The Liberals GOP Twin wrote:

Kate wrote:

The Liberals GOP Twin wrote:

Kate wrote:

The Liberals GOP Twin wrote:

Kate wrote: Of course, the paragraph is taken out of context. He's talking about trickle down economics. Here's the paragraph just before the one quoted in the blog article:

Now, just as there was in Teddy Roosevelt’s time, there is a certain crowd in Washington who, for the last few decades, have said, let’s respond to this economic challenge with the same old tune. “The market will take care of everything,” they tell us. If we just cut more regulations and cut more taxes — especially for the wealthy — our economy will grow stronger. Sure, they say, there will be winners and losers. But if the winners do really well, then jobs and prosperity will eventually trickle down to everybody else. And, they argue, even if prosperity doesn’t trickle down, well, that’s the price of liberty.

Then the next paragraph:

Now, it’s a simple theory. And we have to admit, it’s one that speaks to our rugged individualism and our healthy skepticism of too much government. That’s in America’s DNA. And that theory fits well on a bumper sticker. (Laughter.) But here’s the problem: It doesn’t work. It has never worked. (Applause.) It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible postwar booms of the ‘50s and ‘60s. And it didn’t work when we tried it during the last decade. (Applause.) I mean, understand, it’s not as if we haven’t tried this theory.

Makes a little more sense now, doesn't it? He wasn't talking about America not working, he was talking about the Reagan trickle down economic model.

Really It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible postwar booms of the ‘50s and ‘60s. And it didn’t work when we tried it during the last decade. (Applause.) I mean, understand, it’s not as if we haven’t tried this theory." Wow... Reagan was pushing this during the 1920's?

Okay, I stand corrected. Maybe not the Reagan trickle down, but the economic trickle down theory. My point is that the original post, and the blog cited, are erroneous in their omission of the context.

You mean Obama was talking about Reagan's trickle down theory in 1920's? You're getting more and more confusing with every comment.

Read the speech transcript from the blog link and figure it out yourself.

I read it... so... Obama is saying that the free markets have never worked in this country.

Trolling for an response again? Read the speech another time and figure it out yourself instead of playing dumb & trying to get people suckered into an argument.

Kate wrote: Trolling for an response again? Read the speech another time and figure it out yourself instead of playing dumb & trying to get people suckered into an argument.

Kate... Kate... Kate... KAte... I'm sorry... really sorry... look at all those quotes in your response... did I sucker you into responding again.

The Liberals GOP Twin wrote:

Soulshiner wrote: "Now, it’s a simple theory."

What is that theory President Obama is referring to? - "If we just cut more regulations and cut more taxes — especially for the wealthy — our economy will grow stronger."

Is that theory the "American Way"? I think that Life, Liberty and the Pursuit of Happiness is the American Way, not an economic theory. This thread is another misleading one that isn't true.

Isn't that odd... you can't even tell me what "theory" Obama is talking about. Why so vague?

I can tell you and actually did. It's in quotes right after I ask the question. I'll even bold it for you. It was not vague in the least, but I've made it simple for you now so you won't be confused...

Soulshiner wrote:

The Liberals GOP Twin wrote:

Soulshiner wrote: "Now, it’s a simple theory."

What is that theory President Obama is referring to? - "If we just cut more regulations and cut more taxes — especially for the wealthy — our economy will grow stronger."

Is that theory the "American Way"? I think that Life, Liberty and the Pursuit of Happiness is the American Way, not an economic theory. This thread is another misleading one that isn't true.

Isn't that odd... you can't even tell me what "theory" Obama is talking about. Why so vague?

I can tell you and actually did. It's in quotes right after I ask the question. I'll even bold it for you. It was not vague in the least, but I've made it simple for you now so you won't be confused...

This is the first time ever I agree with Obama " "If we just cut more regulations and cut more taxes — especially for the wealthy — our economy will grow stronger." I'm all for that.. cut away.

Martin Ent Inc wrote: The head Moron leading the 70 million other morons, hopefully they will all jump on the meteor due here in 2012, and leave the world a better place.

What meteor? I haven't completed my half dome underground bunker from a 10foot diameter culvert yet.