Can even Super-Obama get out of this predicament? (concerning the Debt Limit)

One of the 'management strategies' I have seen practiced quite a bit in my 20+ years is that when there is a problem, just throw money at it until it goes away. It is very simplistic but it tends to work...in the short term anyway.

As far as the leadership quote from (then) Sen Obama...was he talking about Presidential Leadership at the time or Congressional Leadership? The budget comes from Congress so I would tend to put that on Congressional Leadership.

 

WAIT! Moen said he can't create jobs and, for once, I agree with Moen....!!

 

I would assume he was talking about the Congress AND the President, but the President is ultimately responsible for the budget.

 

Ultimately, Congress creates and passes the budget. The President can only sign it or shut down the government. Not near as much of a choice in the budget as Congress has.

In fact, since it originates in the House, I think it is fair to say that, unless the House sends a balanced budget to the Senate this year or next, they should be considered an abject failure going into 2012.

 

I was hoping you say that. But first of all, where in the Constitution does it say that, "One of government's responsibilities is to create an environment conducive to job creation by the private sector"? I must have missed that part. Please feel free to point it out to me at your earliest convenience.

OK, let me assume for a second that it is actually the government's responsibility "to create an environment conducive to job creation by the private sector". Let's see, the private sector is currently making record profits and is sitting on like 2 trillion dollars in capital. How much more "conducive" is the government supposed to be?

 

US companies being able to create jobs is not a problem. The government has obviously done its job in making it conductive for companies to hire. There are lot of jobs being created. Yes, jobs in the 'private sector'.

It is just that many of those jobs are being created in overseas private sectors. 1.4 million created overseas vs 1 million in the US.

 

Look closely, Moen. It's in the same paragraph that says that government has to provide health care for all its citizens and make them pay for it. Don't be naive. We've placed a lot of responsibility on our government that isn't in the Constitution. Some good, some bad but responsibility nevertheless.

 

Haha.. yeah I forgot about those overseas jobs!!

 

That's right! Those jobs outsourced overseas during the Bush administration!

 

Well, the 1.4 million vs 1 million stats I posted were under the current President.

I think, at some point, one has to wonder if the unemployment rate is a cyclical one tied to the recession or whether it is the new normal. The economy is recovering. Market is up, profits are up, people are spending. But unemployment is not moving down like it has in other recoveries. It may be soon time to ponder if throwing money at the problem in the short term is going to do anything more than it already has or whether the problem is more structural and long term. In other words, is it a relatively easy fix or one of those kinds of structural problems that the current type of politicians are typically unable to solve.

I have said it before, of course...but we are facing a much different world than we have before. It is a much different, and competitive, global market than before.

 

Hey just a quick question. Do we actually make anything here any more besides pharmaceuticals? You know, an actual American product? I'm sure there must be something that hasn't yet been outsourced...isn't there?

 

Look around, are you claiming there are ZERO manufacturing plants where you live? Really? ZERO?

 

Maybe that will explain why he has so much trouble comprehending today's reality.

 

Yeah..ok. American products are just taking the world by storm. Made in China must be code for American made. I think you have the more serious problem with reality.

 

There's a big difference between making something and making absolutely nothing (as you seem to be claiming). Once again I'll ask- Are you claiming there is ZERO manufacturing where you are? Be honest.

Edit: Here's a little proof to show how wrong you are (and it comes from one of the left's "reliable" sources)!!

http://www.huffingtonpost.com/2011/01/10/ford-hiring-7000_n_806841.html

 

Hmmmm...don't recall zero in there anywhere. Could somebody maybe give me a percentage?? I'm sure we still make fake cheese or porn flicks here somewhere.

 

I think Tom has a hard time grasping that economies work on things other than "outsourcing" or "incorporating". Unions are a big part of the reason that companies no longer use American labor. After all, why should they pay an American worker $35.00 an hour when they can get the same amount of labor overseas (or even on the same continent) at $15.00 an hour? Even without unions, American workers demand a higher pay rate. But, Tom please tell me why a company should adhere to a fiscally irresponsible business policy when it makes sense to pay less by using non-American workers. After all, aren't the Democrats always pushing for a "global economy"?

 

Beep! Beep! Watch out back there, tom is backing up fast!!

 

Ahhh...I see. The Ford/China parts venture, at half the wages of regular employees. That sounds vaguely familiar.
I apologize for responding to Davey.

 

"Ford Motor Co. says it will add more than 7,000 workers in the U.S. over the next two years, including 750 engineers with expertise in batteries and other advanced technology, as it begins producing several new vehicles."

China? Half the wages? Is that your reality, tom?

I see 7000 jobs being created with 10% of those being white collar jobs. How can you see this as a "half empty" event?