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Obama: Limited Gov't That Preserves Free Markets 'Doesn't Work. It Has Never Worked

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posted on Dec, 8 2011 @ 07:47 AM
Why, of course they were wrong!!!

Big government is the answer! Big government with plenty of big taxes!!

posted on Dec, 8 2011 @ 07:48 AM
hopefully this Illuminati scumbag wont be re elected...kiss your freedoms goodbye people next thing you know will be giving our hard earned my money to the govt where they can create war and destruction everywhere and tell us they care about humanity and democracy...wait isnt that happening now?

posted on Dec, 8 2011 @ 07:50 AM
republicans are getting hammered on the tax cut for the middle class, dems are winning the argument . Republicans looking out of touch with main street (surprise) and all they can repeat is their "trickle down" economics which failed so badly.

I don't know how anyone can oppose a tax cut to the middle class which will give them back $1500 a year and pay for it by taxing people 1% more who earn over $1m per year.

edit on 8-12-2011 by yeti101 because: (no reason given)

posted on Dec, 8 2011 @ 07:51 AM
reply to post by GoldenRuled

I would actually say its the British and the Germans who are responsible for the modern world.I mean heck.....over 70% of things you use everyday are British alone while America seems to have not really contributed much.Sorry.

posted on Dec, 8 2011 @ 07:58 AM
Not a fan of Obama, but given that the founders' statements concerned the business environment over 200 years ago...and the economic climate has completely changed since then...he's actually correct. First of all, the US NEVER had a free market economy in the first place, and today's global economy a free market economy wouldn't work in practice because 99% of the population end up getting screwed over.

Should be obvious for anyone with a decent economics degree

posted on Dec, 8 2011 @ 07:58 AM
reply to post by CaptainKostr

I do care whether My President in Office cares about this Country, and whether or not he's trying to do the right thing. I do understand that he is one man fighting against a corrupt system.

Wall Street contributes MORE to Obama (and the Democratic Party) than to any other candidate. He is not FIGHTING against the corrupt system...he is PART of the corrupt system.

In addition, you will never convince me that he cares about this country. All indications are to the contrary, in my opinion.

Earlier this week many in the new media focused on a report that Mitt Romney's campaign had outraised Barack Obama's campaign on Wall Street--that is, among those in the financial services industry. It was a profoundly misleading report, as our friends at the Washington Post revealed in a story this morning.

When you count contributions not only to the Obama campaign but also to the Democratic National Committee--and the Obama folks have been systematically raising money for both--and you focus not just on the last reporting quarter but on the full campaign cycle so far, you find that Obama has raised more from the financial services industry than all the Republican presidential candidates put together.

In any case, Obama's campaign posture as the scourge of Wall Street is in important ways deeply fraudulent, as you can see when you follow the money. public-opinion/elections/obama-and-wall-street-follow-the-money/

posted on Dec, 8 2011 @ 08:01 AM

Originally posted by Viking9019
reply to post by GoldenRuled

I would actually say its the British and the Germans who are responsible for the modern world.I mean heck.....over 70% of things you use everyday are British alone while America seems to have not really contributed much.Sorry.


I'm typing this on my British designed computer, drinking coffee made using my British designed coffee maker, wearing my British designed clothes, listening to music on my British designed iPhone. Oh, wait...replace every one of those words with "American" and it will actually be true.

Even if you hate America, I don't see how anyone could question the innovation that has come out of America over the past century.

posted on Dec, 8 2011 @ 08:09 AM
If you can't see that the whole reason that the US economy is in the mess it is due to lack of federal regulations, specifically of the financial services sector, then you are blind.

posted on Dec, 8 2011 @ 08:10 AM

Originally posted by CharlesMartel

Originally posted by theovermensch

Originally posted by j2000

Originally posted by kauskau
btw i studied law for 7 years..and i am glad to live in germany..i guess with my education i would be in debt (maybe 100 000 Dollars ) in i did not have to pay for my studies.

So please define: what is the "Euro socialism" you are afraid of?

Awesome! Now can we have our Trillions back we gave you to prop up your failed Euro?
I didn't think so.............

The US dollar has failed. That is the problem with the Imperial Empire. You cant blame Germany or the euro.

The only thing saving the Dollar is the Euro is worse and only makes the Dollar look good.

I agree,it does create that illusion. But the real thing saving the US Dollar is the US military. But dont worry,soon they will run out of money to pay the soldiers.

posted on Dec, 8 2011 @ 08:10 AM
The US had an incredible head start after WW2 because pretty much all of the rest of the developed world was destroyed. They lived of that head start for the entire 20th century. The thing is, other countries have been catching up and are now growing faster than the US...all the while the US is going down hill fast.

Here are the issues:

1) The US government has been completely taken over by big business.

2) Education has gone down hill, and they want to defund it further. India alone has more honor students than the US has students...and those guys will drive the INDIAN economy. Education is KEY for economic growth.

3) Almost no meaningful regulation in the financial sector.

4) Crazy government spending in areas where the population doesn't benefit. Oil subsidies, allowing companies to ship jobs off-shore, wars, etc.

5) Inability to cope with globalization.

The key thing is education, and in the medium to long term, that will REALLY hurt the US economically. You have no idea how often I get a "oohhhhhh, Sweden...nice!" after telling people I'm from Switzerland. So sad!!

posted on Dec, 8 2011 @ 08:11 AM

Originally posted by Viking9019
reply to post by GoldenRuled

I would actually say its the British and the Germans who are responsible for the modern world.I mean heck.....over 70% of things you use everyday are British alone while America seems to have not really contributed much.Sorry.

whoa! that is a very ignorant statement....

1. Thomas Edison
Thomas Edison and his workshop patented 1,093 inventions. Included in this were the phonograph, the incandescent light bulb, and the motion picture. He was the most famous inventor of his time and his inventions had a huge impact on America's growth and history.

2. Samuel F. B. Morse
Samuel Morse invented the telegraph which greatly increased the ability of information to move from one location to another. Along with the creation of the telegraph, he invented morse code which is still learned and used today.

3. Alexander Graham Bell
Alexander Graham Bell invented the telephone in 1876. This invention allowed communication to extend to individuals. Before the telephone businesses had to rely on the telegraph.

4. Elias Howe/Isaac Singer
Elias Hower and Isaac Singer both were involved in the invention of the sewing machine. This revolutionized the garment industry and made the Singer corporation one of the first modern industries.

5. Cyrus McCormick
Cyrus McCormick invented the mechanical reaper which made the harvesting of grain more efficient and faster. This helped farmers have more time to devote to other chores.

6. George Eastman
George Eastman invented the Kodak camera. This inexpensive box camera allowed individual to take black and white pictures to preserve their memories and historical events.

7. Charles Goodyear
Charles Goodyear invented vulcanized rubber. This technique allowed rubber to have many more uses due to its ability to stand up to bad weather. Interestingly, many believe the technique was found by mistake. Rubber became important in industry as it could withstand large amounts of pressure.

8. Nikola Tesla
Nikola Tesla invented many important items including fluorescent lighting and the alternating current (AC) electrical power system. He also is credited with inventing the radio. The Tesla Coil is used in many items today including the modern radio and television.

9. George Westinghouse
George Westinghouse held the patent to many important inventions. Two of his most important inventions were the transformer which allowed electricity to be sent over long distances and the air brake. The latter invention allowed conductors to have the ability to stop a train. Previous to the invention, each car had its own brakeman who manually put on the brakes for that car.

10. Dr. Richard Gatling
Dr. Richard Gatling invented a rudimentary machine gun that was used to a limited degree by the Union in the Civil War. However, they were used extensively in the Spanish-American War.

posted on Dec, 8 2011 @ 08:15 AM

Originally posted by TheFlash
If you can't see that the whole reason that the US economy is in the mess it is due to lack of federal regulations, specifically of the financial services sector, then you are blind.

This pretty much sums it up!! My mates at Goldman (I work in real estate investment) laugh their asses off at those regulations, they're so watered down, and provide so many loop holes, it's almost comical.Yet those sock-puppet politicians (especially the GOP) believe those watered-down regulations are already too much...what a bunch of sell-outs!!!

If you hear a politician say Dodd-Frank is too harsh and needs to go away...well...that's exactly the person you SHOULDN'T vote for. Even if you work in the financial industry like me, you should ask for more regulations. Why? Because without them, a few select idiots can screw the entire economy, ultimately also hurting ME and everyone else.

Of course that means you can't vote for 99% of candidates

posted on Dec, 8 2011 @ 08:16 AM

"Now, it’s a simple theory," said Obama. "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. But here’s the problem: It doesn’t work. It has never worked.

So if skepticism of too much government is bad, Then I guess total government and total control of everything is the answer? WTF

This government is corrupted by those very same corporations they seek to control. Socialism does not work. It didn't work for the Nazis or the Soviets. It will not work here. We have a government that destroys liberty to have the illusion of security against a nearly non existent threat.

In 2010 (the latest report), 15 Americans were killed in terrorist attacks; nine died in 2009; 33 in 2008; 17 in 2007; 28 in 2006; and 56 in 2005. The vast majority of private U.S. citizens killed in terrorist attacks died in the war zone countries of Iraq and Afghanistan. So the sad tally of Americans killed by terrorists around the world since 2005 comes to a total of 158, yielding an annual rate 16 Americans killed by terrorists outside of the borders of the United States.

Taking these figures into account, a rough calculation suggests that in the last five years, your chances of being killed by a terrorist are about one in 20 million. This compares annual risk of dying in a car accident of 1 in 19,000; drowning in a bathtub at 1 in 800,000; dying in a building fire at 1 in 99,000; or being struck by lightning at 1 in 5,500,000. In other words, in the last five years you were four times more likely to be struck by lightning than killed by a terrorist. Source

Terrorism is a smokescreen to hide this governments real motive, silencing dissent. Protesting is considered a from of low level terrorism by the military. Now that that the indefinite detention bill looks like it will become law, they have the tools they need. Add to that KBR is looking for subcontractors respond quickly to build "temporary camps", I'd say we are just where Germans were in 1934.

Guess ole Hank was right.

posted on Dec, 8 2011 @ 08:16 AM
reply to post by OutKast Searcher

While I do agree with the point you're trying to make, I don't agree with your comparison. The founders, while some of them did believe in Slavery or no rights for women, others did not, so I wouldn't paint all of them in that light.
Something I'll add:
The founders believed and even hoped that America would evolve in time, as they knew the world would change, and with it the need for a government that could bob and weave and evolve with the ever-changing times. This point is what brings me back to this statement [I believe it might have been you who said this], that the Founders were just Men, not gods to be worshipped. Their words are not gospel. I agree with this statement.
There is nothing patriotic about fighting for a broken system at the expense of millions and/or the country itself.
While I'm not condoning the new direction the POTUS and Congress want to take us, I also don't agree that where we are right now is working either.
This country took a horrible turn in the 1920s-30s, and unless we can all agree that this direction isn't working, we're doomed to an indefinite round about of more and more political and monetarial bull$h!t.

edit on 8-12-2011 by FugitiveSoul because: (no reason given)

posted on Dec, 8 2011 @ 08:23 AM

Originally posted by kauskau
reply to post by macman

i dont say its perfect but we have more regulation and its better than in your country..the problem is that the big corporations are too free to do what they want...THATS the problem...and its called : free market.

You may have more regulation, but it is far from better.
So, instead of Corporations controlling the Govt, Germany has the Govt running amok on it's own.

way better.

posted on Dec, 8 2011 @ 08:24 AM

Originally posted by kauskau

Originally posted by Shugo
reply to post by kauskau

There's no fact in that, all it proves is that regulation doesn't work either. I'm not saying a flat out free market works, but I'm not saying regulation works either, and Germany is case in point. The entire global economy is failing, it has nothing to do with regulation or free market.

i agree. We need something new...We need the best of BOTH worlds. Capitalism and socialism!

NO, no we don't.

If Germany wants it? That's fine by me. Be a serf and love it.

That is not how America was created, that is not what the Founding Father's nor the Founding Documents state.
So no, no we don't.

posted on Dec, 8 2011 @ 08:26 AM

Originally posted by Indigo5

the free market is the greatest force for economic progress in human history. It’s led to a prosperity and a standard of living unmatched by the rest of the world.

That is literally from the speech where the OP contorts the Presidents quotes.

Anyone who enjoys consuming BS can carry on though....

The blatant fact that Obama states this, then thumbs his nose at it by doing the exact opposite and surrounding himself with others that don't like the Free Market is really just a slap to the face.

Obama, please be Impeached already.

posted on Dec, 8 2011 @ 08:33 AM

Originally posted by dadgad

Originally posted by ThirdEyeofHorus
reply to post by dadgad

Exactly what evils arise out of having private property? By the way, what makes you think the upper crust at the Kremlin didn't get more of the spoils than the poor common proletariat with his little brown working man's cap? Did you know that the very people in the US Senate and House of Representatives who are advocating socialistic programs and health care are themselves extremely wealthy? Do you really believe Nancy Pelosi is going to give up her personal wealth and property for the common good of the proletariat?
edit on 7-12-2011 by ThirdEyeofHorus because: (no reason given)

edit on 7-12-2011 by ThirdEyeofHorus because: (no reason given)

The evils that result from private property are all around us. Someone is exceedingly rich, possesses great masses of land, which in turn deprives other people from necessities of survival.

Oh good hell.
Social Justice here we come.
That is the biggest load of crap I have ever read.

That works well, if the premise is that no one else besides that wealthy person is allowed to earn money on their own and become wealthy themselves.

posted on Dec, 8 2011 @ 08:37 AM

Originally posted by Algernonsmouse

Originally posted by ThirdEyeofHorus

What is the liberal obsession with slaves during the time of the American Revolution? Slaves have existed through time in all lands. They were not all of one race.

What is this neocon obsession with pretending the founding fathers were perfect and did everything right even though they felt slavery was ok?
You want to talk about Egyptian slaves, then talk about their founding fathers.

Fact: Our founders believed in slavery.
Fact: That just seems to upset you instead of making you realize not everything they did was perfect.

No, no they were not perfect. And no, they did not believe in slavery.
They believed in States Rights, thus the 3/5 clause.
They knew if they went all the way to rights for all, it would lead to the Union breaking up.
If they went against rights, then it would lead to the Union breaking up.
Please go back and understand the term 3/5 "Compromise".

edit on 8-12-2011 by macman because: (no reason given)

posted on Dec, 8 2011 @ 08:40 AM
reply to post by Hefficide

Exactly, the neglect of the American public and the pervasive belief by a large portion of the population that you "can't change city hall" is where the blame squarely rests. If the American public chose to they could sweep every incumbent from office, but they choose not to. If they wanted to Americans could let their votes shake Washington and every office in between to its core but they choose not to.

So shake your fists at Obama all you like, its really your neighbor you should be mad at.

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