John Stossel - Obama’s Case For More Debt
Filed in Advance Center on Mar.21, 2012
Spend more or spend less? Obama’s economic policies are debated. Rich Benjamin, Stuart Varney. www.LibertyPen.com
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Tags: bonds, Budget, bush, Capitalism, China, conservatives, Countries, creation, crisis, debt, Deficit, economics, Europe, families, financial, fiscal, freedom, Government, Greece, Growth, interest, jobless, jobs, lawmakers, leadership, lending, Liberalism, liberty, money, obama, opportunity, Private, progressive, public, rates, recession, Republicans, responsible, Revenue, rich, sector, spending, stimulus, surplus, Tax, unemployment"
March 21st, 2012
No, no, no. I don’t like it, I don’t like it. No, no, no. Get rid of Obama, get rid of Obama.
March 21st, 2012
this is so frustrating to watch. Bush cut taxes but spent way too much money, obama is raising taxes and spending even more money… how about cutting taxes which may/will actually create jobs in the private sector and don’t spend any money. I’m voting for the first guy to say this.
March 21st, 2012
Cool hair, terrible ideas.
March 21st, 2012
If government spending is the solution and jobs is the only concern, why doesn’t the government just manufacture out of thin air a job for every single American, no matter how useless it is!? Then we’d have ZERO unemployment!
That’s the thinking of the left. Unfortunately, they don’t understand the concept of wealth creation. And government could spend 26 quadrillion dollars for all they care, because they don’t live in the real world.
March 21st, 2012
Varney is not a good debater. It would have been better with someone from Cato to argue against him because Varney cannot remove his emotions from the situation. However, this idiot made my blood boil with all the red herrings, and hyperbole
March 21st, 2012
@pbfrank13 agreed
March 21st, 2012
So 3 years later and Mr. Benjamin and co. are still blaming Bush for overspending and getting us into this. Funny how this pres. took that apparently flawed policy to an exponential level. Funny too how when Mr. Varney asked him how running this ever increasing deficit is going to do something other than bankrupt us he dodged the question and tried to shift it to “job growth”, another debatable statistic. i.. the question is still unanswered and Mr. Benjamin is still beaming.
March 21st, 2012
whoop de do they cooked the books to get the 5 months of job growth.
All economists agree??????
employment in the government sector is not growth
its not a conservative v progressive argument… its not bush v obama
Wake up these 50 great independent nation States have been ruined and are being driven off the cliff by these pointless debates and the IMF & UN granting privileges to we the People who surrender our power.
caveat emptor
pax
March 21st, 2012
most americans blabla bla
yes and most americans also reject evolution, convincing argument buddy
March 21st, 2012
The problem is that the people lending to the US government are the Fed Chairmen. And they will not raise interest rates. They will just inflate away…
March 21st, 2012
Jobs jobs jobs? Jobs are easy, I can print money and pay people to jerk off. But where s the WEALTH creation! Every economist agrees? Thomas Sowell agrees?
March 21st, 2012
@fzqlcs He was shot remember
March 21st, 2012
Every economist agrees that increased government spending yields more job growth… Again, why is someone with a PhD in literature being asked for expert opinions on anything but literature? Why not ask him his views on finding Higgs or whether it will rain in new york city 3 weeks from today? Incredible ignorance.
March 21st, 2012
Ehh the Keynesian argued better than the Faux pundit and the audience lapped it up. Don’t get me wrong, I’m for free markets, but people watching on the fence would likely side with the Keynesian because he carried himself better in debate the other dude was all red herrings and straw-men.
March 21st, 2012
Why is someone who has a PhD in literature being asked for expert advise on the macroeconomy?
March 21st, 2012
@MultiFortunatus YES BABYLON 5 REFERENCE. Wait, what happens to the Centauri Republic at the end of the series? Oh right…
March 21st, 2012
Why did no one ask him how this budget creates jobs?
March 21st, 2012
@rross27 I more meant his very stubborn style of debate. His position is perfectly fine otherwise
It’s okay, Margaret Thatcher’s legacy will remain for a while longer so we have time to correct our path. The government wants to denationalize the road network, which is a good sign.
March 21st, 2012
@TimeWarp66 Too late. Though I’m finding a surprising number of people around me at uni being slowly enlightened towards market values. Maybe there is hope for us after all…
March 21st, 2012
So there are black Centauri.
March 21st, 2012
@Kpa1983 So if you see someone get away with bad behavior you continue to do it with the justification that ‘well… he did it.’ That is childish at best. There’s a right way and a wrong way to deal with a recession & debt. We saw what Carter’s method vs. Reagan’s method entailed and I guess Obama is shooting for Carter’s method on steroids.
March 21st, 2012
lol @ stossel’s face
March 21st, 2012
Buckwheat is obviously a retard.
March 21st, 2012
5:32 haha “conservatives don’t want to argue with this nonsense.”
It is interesting to see how this guy is so pragmatic. He says that we shouldn’t worry about debt or any longer term consequences to political policies, because right now, people want jobs. He is conceding that his position is wrong, and that we should just do it because right now people want it.
March 21st, 2012
I love the “Bush did it” argument. He FAILED!!!! He failed badly. Obama is Bush times three. The Democrats bitched about Bush and then tripled down on his shitty policies.
The STIMULUS failed miserably. And it was not $800 billion. It is $600 billion annually!!! Look at the government’s spending. And no jobs. The trade deficit is back to where it was in 2008. The labor participation rate is at 3 decade lows. Inflation is close to 10% in REAL terms. TITANIC