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Pres. Obama delivered a national address to students across the country to talk to them about the importance of education. He spoke to a group of students at Wakefield High School in Arlington, VA.
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on Monday, February 15th, 2010 at 12:48 pm and is filed under Finance.
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February 17th, 2010 at 7:04 pm
I really agree with Obama. this is a very good speech. I must say it is a very great speech.
February 19th, 2010 at 4:28 pm
@1986hangman I know I’m not an idiot, I voted for Reagan! Who’d you vote for? I bet you voted for Carter!
February 20th, 2010 at 5:33 pm
@1986hangman I dont think so at all, i think its common sense. ITs these supposid experts who try to make it more complicated than it is.
If something is not working, then stop doing it. Do you think that Einsteins was over simplifying when he said that No problem can be solved from the same level of consciousness that created it. … You can’t solve a problem with the same mind that created it. …
February 21st, 2010 at 1:20 pm
@Galicia1981 Thats a rather simplified analogy
February 24th, 2010 at 10:28 pm
@1986hangman i understand how big they were, but we would have been better off today by going through rough times. You cant keep up bad companies.
Its like trying to help a drug addict by giving him more drugs. And not letting him go through the process of getting the venom out of his or her system
February 27th, 2010 at 3:35 am
@Galicia1981
thats exactly what they did…. FDR was not a fiscal conservative, and america didnt need him to be
March 2nd, 2010 at 11:07 am
@Galicia1981
AIG is the worlds largest insurance company…. noone would replace them… If that company had been aloud to default on its debt they would of taken everyone down in unforeseeable ways… I mean AIGs problems came from the fact that Lehman brothers was allowed to fail… It was a domino effect that had to be stopped and was
March 3rd, 2010 at 8:35 pm
@1986hangman Are you saying that FDR and reagan made the recession go away by deficit spending?
You just proved my point, You cant end a recession by throwing money at it. Ever since the inseption of the FED we have been doing just that, and now it has grown to the monster we see today.
You cant solve a problem of debt by adding more debt
March 3rd, 2010 at 10:48 pm
@Galicia1981
and yes bold action does need to be taken and fast……. I think we have already done that…. The economy is not on the brink as you claim… yes we need to cut spending, but we really needed to stop a depression first happening first… If you are the president you dont just let your country go into a depression as you said….. You would be a shitty president if you did
March 6th, 2010 at 7:04 am
@1986hangman All this talk about the econmy going under if we let the too bigs to fail is just fear mongering. Why listen to them, they have been absolutely wrong on everything.
This is basic Austrian economics, you let the bad companies fail so that profitable companies can buy the bad debt, restructure the company, create new jobs. All we are doing now is cutting the risk for these companies to do whatever they want
March 7th, 2010 at 10:35 pm
@Galicia1981
So looking back through history you dont think there is anyway to combat a recession? come on man… Reagan used deficit spending, so did FDR….
March 10th, 2010 at 11:31 pm
@Galicia1981 overregulation…. lol… is that a joke? I agree with the last part of that…. You act like steps arent being taken to reduce the deficit…..we had to pump liquidity into the dollar a year ago.. I mean if AIG would have failed in the middle of a credit crisis we wouldnt have an economy.So we used deficit spending at a time when thanx to Bush we really couldnt afford it. I know that sounds obvious because I used the word defict spending.. the deficit is being reduced
March 11th, 2010 at 7:20 am
@1986hangman
And if we dont do it soon we are heading towards a currency collapse, this is what happens when you dont let recessions and depression run it coarse and go through the bad times. All we have been doing is injecting the ecnomoy with money created out of thin air.
This last big one started under bush bc instead of letting the recession go through it coarse back around 2004, he instead created the housing bubble, and now the bailout bubble
March 11th, 2010 at 2:58 pm
@1986hangman How can you say that what we have seen today is free market economics when a select few human beings set interest rates, and control the entire money supply?
Apart from that overregulation, which has driven a lot of our companies overseas.
There is no secret we have to cut spending drasticly, Raise interest rates so people save, and start producing again.
This of coarse will be taken in steps not overnight.
March 12th, 2010 at 4:28 pm
@Galicia1981
of people never expecting to get payed back and throwing a unfixed rate on their for the people they sold it to….. Yeah … Ive seen what the cut throat open market of capitalism can do with no restrictions, or regulation….
March 14th, 2010 at 6:09 am
@Galicia1981 and actually i could blame you free market libertarians more for this crisis than I could anyone else… You know what really caused this crisis? It was the repeal of the glass steagall act which separated investment banks from commercial banks… that sort of idea that if you just unleash the market with minimum oversight than we will live happily ever after…. well it turns out oversight is needed to stop a bank from bundling up your mortgage, and selling it off to thousands
March 15th, 2010 at 3:14 pm
@Galicia1981 growth than you lower costs for the consumer…. now I know you dont think government could possibly put laws into place to do that….. but an act of congress is akin to god… now we can make modest changes to SS but healthcare is a nightmare… 17% of our economy is to much…. and the costs never go down…. Work with what we have, and improve them , or commit political suicide and abolish all the entitlement programs….
March 19th, 2010 at 1:53 am
@Galicia1981
yeah thats why we need to get the budget in order.. You would condone slahing programs that help alot of people, and you are a bright guy… That is not politically possible, or even something that a politician will want to do.. I mean who wants to ride the fourth rail of american politics? the first costs that need to be fixed is healthcare… medicare, and medicaid go up, premiums go up 3x the rate of inflation that is not sustainable. we have done that. If you want economic
March 21st, 2010 at 7:03 pm
@1986hangman Whether they use it or not it doesnt matter. The system is flawed, as you can see today it is broke, and can not be sustained.
March 23rd, 2010 at 2:10 am
@Galicia1981
No … I disagree…… just because you cant pick in choose flaws in a system doesnt mean its all bad… the budget has been balanced before in worse crisis….. Im telling you just watch… it will work itself out, and then you can go back to bitching about programs that help millions of people without brining up the burden of costs… and not to say you dont have a point.. You really do, but you dont have any moderate points.. I mean really. Imagine if no one payed taxes
March 23rd, 2010 at 9:01 am
@1986hangman
How can you say he is cutting spending long term when he is planning to keep those programs i just mentioned. How?
ANd i am sorry but whether your brother has a masters or not, it doesnt really matter bc our current great financial minds all had masters and no one them saw this economic collapse coming. Not only did they not see it, they laughed at anyone who did point it out. Those crazy free market libertarians
It is his philosophy about economics and govt that is misplaced
March 23rd, 2010 at 9:08 am
@Galicia1981
If i were to meet someone who didnt take an ss check or threw their medicare card away… as much as people bitch about them… that person would be the first person I have seen do it
March 24th, 2010 at 12:25 pm
@Galicia1981
No they can do whatever the hell they want… dont try to get medicare, and pull that shit though or ss….. and just so you know most americans will use medicare at some point
March 27th, 2010 at 8:50 pm
@Galicia1981
cant
March 30th, 2010 at 1:04 pm
@1986hangman So you think people who work hard for their money are not allowed to petition their govt when they overtax them? Are these the yuppies you’re talking about?