Democrat cries those Tea Party Terrorist won't let us spend more money. Joe Biden agrees Tea Party are Terrorist

4 replies [Last post]
Observerofu's picture
Joined: 07/14/2010

And there you have it folks. That sentence sums it up right nicely. The quote is from Representative Mike Doyle here is the actual quote in his own words.

“We have negotiated with terrorists,” angry Rep. Mike Doyle, a Democrat from PA, said, according to sources who were in the room. “This small group of terrorists have made it impossible to spend any money.”

Biden agreed:

Biden, driven by his Democratic allies’ misgivings about the debt-limit deal, responded: “They have acted like terrorists,” according to several sources in the room.

If there has ever been a better example of the differences between the Progressives and Liberals and Republicans and Conservatives I can't find one.

Tea Party Conservatives holding the Republicans feet to the fire on spending dragging them along for the ride and the Democrats wailing and moaning that they can't spend more of our tax dollars.

Here is the problem this deal does NOTHING but raise spending. They used phony gimmick numbers, one of which was that they projected a 2% growth in GDP. Just where did they pull that number out of? Their arse?
If the GDP fails to reach that golden 2% growth by just 1% it would add $6-7 Trillion dollars in debt almost overnight. So instead of $17 Trillion in debt it would more likely to be $23-24 Trillion.

We would become Greece in all but in name.

This deal seals Americas fate. We are on the road to destruction with no room for u-turns. We are going to lose our AAA rating and the dollar is going to crash. It's been real and it's been fun, but not real fun.

Will the last one out turn off the lights please.......Thanks.

JeffC's picture
Joined: 04/21/2006
Wait a minute OOU

This isn't only liberal/conservative, it's also Keynesian/Supply-side economics. You supply-siders got virtually everything you wanted. Obama's Keynesian stimulus is over and there will be no more. Further reductions in government programs are guaranteed. There will be no tax increases on the wealthy. Now that the government is not sucking up all the money out of the economy, there will be more supply-sided money available for businesses to expand. You're supply-sided "free market" will sort it out.

Keynesian theory says that further cuts in Government spending during such a weak economy will result in fewer people working, which will push unemployment up. People without jobs spend less and therefore demand will decrease. Decrease in demand is the opposite of the growth in GDP that you desire. Keynesian theory says that the TEA debt reduction bill will insure that the economic outcome will be the opposite of what they desire.

My Keynesian theory also indicates that both of your predictions: "We are going to lose our AAA rating and the dollar is going to crash", will be proven false. Nothing about Supply-sided economics is valid in the real world.

Let's be candid, Obama totally caved and the Republicans got everything they wanted. There is no other way to spin this except that the Democrats got their asses whipped. The TEA Party won big. Their success and policies will result in either a vindication of supply-sided economics or a Keynesian predicted disaster. The stock market understands this, reflected in its decline.

Your TEA Party victory will probably insure the economic decline of the US for a decade.

Davids mom
Davids mom's picture
Joined: 10/30/2005
Strange outcome of cave- in

Your TEA Party victory will probably insure the economic decline of the US for a decade.

And insure Obama's re-election. Strange dynamics - checkmate!

PTC Observer
PTC Observer's picture
Joined: 04/23/2007
JeffC - So

your answer is to spend out way out of the recession? Seems like a zero sum game to me Jeff. Where's the results?

The only thing that will take us out of this recession is reducing the size and scope of government. However, you are your father's son. So, we should look at his wisdom during his "management" of the economy, right? Same philosophy Jeff, same economic theory and it doesn't work. If it worked then after all the spending that the Democratic Congress has done we should have jobs coming out our ears. Where are they Jeff?

Here's some statistics for you since Mr. Obama took office:

Metric___________________January 2009__TODAY______%chg____Source

Avg. Retail price/gallon gas in U.S.__$1.83_______$3.86_______84%______1

Crude oil, European Brent (barrel)____$43.48____$99.02______127.7%___2

Crude oil, Wes t TX Inter. (barrel)__$38.74_____$91.38_____135.9%___2

Corn, No.2 yellow, Central IL________$3.56_______$6.33______78.1%___2

Unemployment rate, blacks____________12.6%________15.8%_____25.4%___3

Number of unemployed________________11,616,000__14,485,000__24.7%___3

Number of fed. Employees____________2,779,000____2,840,000___2.2%___3

Number of food stamp recipients_____31,983,716___43,200,878__35.1%___5

# of unemployment benefit recipients___7,526,598___9,193,838__22.2%__6

Number of long-term unemployed________2,600,000____6,400,000__146.2%_3

People in poverty in U.S.____________39,800,000____43,600,000_9.5%__4

National debt, in trillions_________$10.627________$14.052__32.2%_7

Jeff, result do count, after spending over $4 TRILLION these are the results of Keynesian economics, pay particular attention to employment both on the private sector side and the Federal Government side, where are all the jobs Jeff? Where's the uptick in our economy? You and people like you are wrong Jeff or our results would be much, much, better. Compare these results to results during the 1980's following your father's administration.

(1) U.S. Energy Information Administration; (2) Wall Street Journal; (3) Bureau of Labor Statistics;(4) Census Bureau; (5) USDA; (6) U.S. Dept. Of Labor; (7) U.S. Treasury

Observerofu's picture
Joined: 07/14/2010
Like I just told another

You see kevin numbers don't lie people do. People that use them to boaster illogical arguments for ideological purposes.

Recent Comments