| | On August 03 2011 12:59 palak wrote:
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On August 03 2011 03:05 WhoAmI wrote:
If his credentials don't matter (as you would bash the guy regardless what the credentials were) then why even bother asking me who "the retard" was?
Am I left only to assume that defamation is your best retort to the Judge? If one can not counter what is being presented then set up a discussion to bash or nullify the presenter, is that it?
How so surprising considering John Stewart and Colbert use this exact MO on a constant basis and are even looked up to by many as being informative or educational. |
Only reason i defamation is b/c i give up on actually trying to prove things to someone who actually thinks that guy is intelligent. But for whatever reason here's something. He says raising the debt ceiling is bad and "ignoring economics 101". Every 99.999% economists said the debt ceiling needs to be raised. It's basic economics to RAISE the debt ceiling, not just default.
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Moodys even wants the US to abolish the debt ceiling all together just like a lot of countries http://www.politico.com/news/stories/0711/59236.html
The only people saying the US should default are this Andrew and Ron. I highly doubt there's more then like 5 credentialed economists that would ever say the US should default rather then raise the debt limit.
"Obama will have added nearly 7 trillion to the debt." When Obama came in the debt was 10.7, by the time he leaves it will be at most 16.7 trillion according to the new debt ceiling. That's exactly 6 at most, not 7.
"Unemployment has gone from 7.2 to 9.6" This is true. But if you look at the data that rise was not near his fault
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<iframe width="400" height="325" frameborder="0" scrolling="no" marginwidth="0" marginheight="0" src="http://www.google.com/publicdata/embed?ds=z1ebjpgk2654c1_&met_y=unemployment_rate&tdim=true&fdim_y=seasonality:S&dl=en&hl=en&q=unemployment+rate+united+states&ctype=l&strail=false&nselm=h&met_y=unemployment_rate&fdim_y=seasonality:S&scale_y=lin&ind_y=false&rdim=state&ifdim=state&tdim=true&tstart=-694119600000&tend=1307073600000&hl=en&dl=en&icfg&uniSize=0.035&iconSize=0.5"></iframe>
http://www.google.com/publicdata/expl...ate&tdim=true&hl=en&dl=en
That rise from 7.2 to 9.6 was before the stimulus has any type of chance of even effecting the economy to slow the collapse. In the end the stimulus was not as successful as it was hoping/thought it would be, but it still did save over a million jobs.
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"The reason we have such high unemployment is government borrowing." Again completely against mainstream economics and the large majority of economics. Government spending creates jobs, deficit spending during a recession helps restart economies. http://en.wikipedia.org/wiki/Mainstream_economics Specifically look up keynesian and neoclassical synthesis
"LBJ and his cronies" ok, ignoring nixon, reagan, bush, hw bush who all added a ton of debt...that's misleading.
"Did the get a balanced budget Amendment." Does he realize what it actually takes to pass an amendment? Even if congress passes and amendment it still must be passed by 75% of state legislatures before it is accepted.
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