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Estimates Say Fewer Jobs, Larger Deficits if Republicans Were in Charge

Jetboogieman

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CriticalThought

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Speaking purely in terms of policy, and putting ideology aside, the Republicans have a rather difficult case to make that they would have actually done better based upon the policies they have suggested. The idea that lower taxes for the wealthiest Americans creates jobs in America simply does not have any evidence to support it. In fact, with increased globalization and lucrative markets in China and India, it might actually be devastating to our job market to allow those tax cuts, because the wealthiest Americans would probably invest it in the infrastructure of our global competitors.
 

BDBoop

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This is at the end of the day speculation and theory. Nothing truly solid.

But I will say for some Republicans and Conservatives out there.

I'll bet you anything that John McCain would have done a stimulus bill and continually renewed unemployment benefits.
It should probably be moved then, shouldn't be in breaking news I guess. HALP!!

I just wondered how he came up with:

Next up is health-care reform. Obama passed it; Republicans want to repeal it "lock, stock, and barrel." The reason, as Senate Minority Leader Mitch McConnell explained in July, is that "we all know that it's going to increase the deficit." Unfortunately for the GOP, though, nonpartisan experts tend to disagree. Just this Tuesday, for example, the CBO released a letter saying that Obama's health-care-reform legislation would "reduce the projected budget deficit by $30 billion over the next 10 years,” while repealing the law would generate "an increase in deficits ... of $455 billion ... over that [same] period." Factor those figures into the equation and the Obama deficit falls to $784 billion. The GOP deficit, meanwhile, rises to $455 billion. Getting warmer.
The final piece of the puzzle is the Bush tax cuts. Obama wants to extend them for the 95 percent of taxpayers making less than $250,000 a year; Republicans want to extend them for everybody. How will these extensions affect the deficit? Glad you asked. According to data compiled by The Washington Post, "the Democratic proposal would add about $3 trillion to the deficit during the next decade, while the GOP plan would cost $3.7 trillion." That brings the total Obama deficit to $3.784 trillion over 10 years, and its GOP counterpart to—drumroll, please—$4.155 trillion.
 

BDBoop

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because the wealthiest Americans would probably invest it in the infrastructure of our global competitors.
Is the line I am quoting based on anything specific?
 

Dav

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How the hell are you supposed to estimate something like that? A better title would be "wild guessing says...(etc.)".
 

BDBoop

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How the hell are you supposed to estimate something like that? A better title would be "wild guessing says...(etc.)".
You read it, or no.
 

Dav

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You read it, or no.
I skimmed it before posting, yes. I didn't read the whole thing because as far as I could tell it mostly just involves a guy trying to justify his bias-induced wild guess as having been arrived at mathematically and scientifically.
 

UtahBill

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I skimmed it before posting, yes. I didn't read the whole thing because as far as I could tell it mostly just involves a guy trying to justify his bias-induced wild guess as having been arrived at mathematically and scientifically.
That's what Polling is all about....:2razz:
 

Dav

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That's what Polling is all about....:2razz:
Not really. I'm sort of a polling junkie though, so I'd be biased to say that. But this isn't polling, it's sheer guesework in a scientific guise.
 

Renae

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This is at the end of the day speculation and theory. Nothing truly solid.

But I will say for some Republicans and Conservatives out there.

I'll bet you anything that John McCain would have done a stimulus bill and continually renewed unemployment benefits.
WE know he would have, that's why so many didn't come out and vote for him
 

RightinNYC

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This is some serious retard-level math.

First, they simply add or subtract various programs from the deficit without actually considering how their inclusion or removal would actually affect the underlying economy.

Second, they add in the "projected" $455b in cost savings from the second decade of the health care bill - the only problem is that that "projection" only works if Congress doesn't modify the proposed cost cuts. Given that they've repealed them every single time they come up (including just a few months ago), nobody actually believes that will happen.

Third, he doesn't appear to understand the difference between correlation and causation. We can't all have passed 11th grade politics, but I'd at least hope that a blogger from Newsweek could spend enough time on wiki to figure it out.

Just terrible, awful, no good logic. I'd be embarrassed to have written this.
 
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I'd like some feedback, please. I'm not as good with numbers as I could wish to be.

Estimates Say Fewer Jobs, Larger Deficits if Republicans Were in Charge - Newsweek
Every post in this forum is an attempt on your part to make Obama look better than he is. There is nothing but speculation in this article by someone else who apparently is a partisan liberal. Talk about fuzzy math and pure bs, I have now seen it all.

All this speculation is meaningless because the actual results are lost jobs and 3 trillion added to the deficit. Not sure how anyone can ignore the actual results today and speculate that things would be worse.

Healthcare savings? LOL, taxes have already begun and the program doesn't kick in for another 4 years yet Obama has added 3 trillion to the debt. Now talking job losses, there are the job losses now and no evidence that the situation would have been worse? There is plenty of evidence that we have almost 16 million unemployed and lost jobs every month of this year after passing a trillion dollar stimulus plan. Employment is much worse now than when Obama took office.

There is no question that I would have liked to see what McCain would have done because we now know what Obama did. Why don't you tell us why you continue to support what Obama is doing?
 

BDBoop

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Every post in this forum is an attempt on your part to make Obama look better than he is.
I didn't read past that point, because you have already clearly, concisely and repeatedly stated that your only goal here is to tear down liberals.
 

Conservative

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I didn't read past that point, because you have already clearly, concisely and repeatedly stated that your only goal here is to tear down liberals.
Actually I don't have to work hard at it, just post the facts. What bothers me is you buying what you are told and never verifying the rhetoric. What exactly is it that Obama has done which the numbers show a success? Numbers do matter because no matter how attractive and dynamic an individual is it is the results that matter more than the rhetoric and appearance.

I certainly understand your desire to want Obama to look good but what you are doing is destroying your own credibility by not verifying the rhetoric and getting non partisan data. It is one thing to be an ideologue but another to have pride and credibility.
 

BDBoop

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It is one thing to be an ideologue but another to have pride and credibility.
I'm fine. Lacking credibility with this lot is not exactly breaking my heart.
 

TurtleDude

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Naturally.... because republicans only care about their profits.
LOL sure you forgot about

1) oppressing gays, lesbians and the "gender confused"

2) ravaging third world nations and raping their resources

3) arming criminals with assault weapons

4) forcing women into bondage

5) reinstating slavery

6) banning rock and roll
 

apdst

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Vader

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LOL sure you forgot about

1) oppressing gays, lesbians and the "gender confused"

2) ravaging third world nations and raping their resources

3) arming criminals with assault weapons

4) forcing women into bondage

5) reinstating slavery

6) banning rock and roll
No, I didn't. Republicans love profit more than anything else. This is a given.
 

TurtleDude

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No, I didn't. Republicans love profit more than anything else. This is a given.
if that is true then dems love using it to buy the votes of people such as you

Back when I was single getting laid was more of a priority than say profits
 

Conservative

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No, I didn't. Republicans love profit more than anything else. This is a given.
So what are your qualifications that lead to the statement that Republicans love profits more than anything else? How many Republicans do you know? By the way what do you think 16 million unemployed Americans have done to business profits?
 

RightinNYC

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Moderator's Warning:
If we're just going to discuss how evil the Reps/Dems are, let's move that to one of the 40,000,000 threads on that topic.
 
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