U.S. to release 30 million barrels from Strategic Petroleum Reserve

Discussion in 'Free Speech Alley' started by mobius481, Jun 23, 2011.

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  1. mctiger

    mctiger RIP, and thanks for the music Staff Member

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    No, BP killed 11 people and in general messed up the Gulf. It was Obama who killed the economy by punishing the entire industry for BP's sins.
     
    mctiger, Jun 27, 2011
    #71
  2. martin

    martin Banned Forever

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    missions accomplished.

    how? by spending? how does that work?

    so spending is bad? what about those jobs making F-22s? is spending bad or good? seems like making F-22s requires lots of pretty decent jobs.

    of course, when obama spends insane amounts , it is good.


    the economy, like the climate and the human brain and a few other things, is too complex to really manage. the best policy is just to step aside. it goes up and down and the best you can do is minimize your impact. obama and bush both manipulated the economy way too much, and spent way too much. obama has not helped anything with all this absurd "stimulus" nonsense.
     
    martin, Jun 27, 2011
    #72
  3. LaSalleAve

    LaSalleAve when in doubt, mumble

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    I think he was placed in a no win situation, and failed. No shame in that. He was given the Cleveland Cavs after Lebron and asked to win a championship. Of course, he wanted the job, so that excuse is getting a little old. I don't even know now if he can be re-elected. If the GOP was as good at running a country as they are at destroying their opponents, this country would be in good shape. I wonder if any other democrat will make a push?
     
    LaSalleAve, Jun 27, 2011
    #73
  4. red55

    red55 curmudgeon Staff Member

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    Look it up. Geez, I shouldn't have to hold your hand.

    Pay attention. Defense spending is to provide the best defense. Not to provide jobs in Georgia, not to enrich a defense contractor. When we have enough we stop building them. Else it is obvious waste.

    That's what third-world countries do because they can't do anything else. Great powers and above all superpowers have resources at their disposal to help ameliorate crises and manage economies. Not to do so constitutes incompetence and stupidity.
     
    red55, Jun 27, 2011
    #74
  5. mobius481

    mobius481 Registered Member

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    You do realize this statement is in direct contradiction with your support of bailing out GM?
     
    mobius481, Jun 27, 2011
    #75
  6. red55

    red55 curmudgeon Staff Member

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    No, GM has little to do with defense spending in peacetime. But GM is is an important strategic asset to the US that would be a problem to lose. Our industrial capacity is a fraction of its WWII strength. Loss of GM would be a serious issue if wartime production was ever needed again. We have lost too many industries to overseas and that can be a problem for us. GM sells cars internationally and loss of that revenue would only make our trade imbalance worse.
     
    red55, Jun 27, 2011
    #76
  7. martin

    martin Banned Forever

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    why are the jobs provided by building f-22s not a help to the economy?

    you just said "the theory that government spending projects can generate economic growth"
     
    martin, Jun 27, 2011
    #77
  8. SabanFan

    SabanFan The voice of reason

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    It was the moratorium and the continuing difficulties in getting permits.

    A percentage point? Dude, this is measured in tenths of a point. And yes he guaranteed it. Half an administration has fked it up. Hope and no change is his M.O.

    So Bush screwed the pooch and there's nothing Obama can do? WTF is he doing there? Let's get someone who knows what to do.

    You conveniently omitted any response to my GDP rebuttal. Good. We can put that red herring to bed.
     
    SabanFan, Jun 27, 2011
    #78
  9. Rex_B

    Rex_B Geaux Time

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    I'm so glad the govt. spent billions of taxpayer money bailing out so many bad businesses so a few thousand people could have a job for now. Congrats.
     
    Rex_B, Jun 27, 2011
    #79
  10. red55

    red55 curmudgeon Staff Member

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    They are, but they are part of a defense budget producing unneeded planes. It falls on to waste. It was not a stimulus.
     
    red55, Jun 27, 2011
    #80
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