Where is the US economy headed?

As yesterday’s Washington Post poll showed, the American people are not happy with the direction of the country and rising gas prices are a big reason why. Usually the left can deflect blame for high gas prices by saying that even if we opened up our natural resources for production, it would take years before those supplies could bring down prices. Not this time.

The Wall Street Journal reports today that President Obama’s Gulf oil drilling bans have cut domestic oil production by 1.55 million barrels a day. According to the U.S. Energy Information Administration that translates to a 13% drop in U.S. offshore oil production. That is a steep drop in domestic oil supply directly attributable to the current occupant of the White House. Politicians from both parties are hitting Obama on the issue.

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Remember BP? Hey, let's let em dump a few million more barrels of oil in the ocean.

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@H2O MAN,

But gas has to go up. The End of Cheap Energy was a newspaper headline here a few days ago. The wilful and whimsical way gas is used proves just how cheap it is. It is used with gay abandon.

** What other word but "gay" fits better. Just shows what happens when a word is stolen from the language. It distorts minds. And brought to you by our ever loving, ever caring Media in order to flog an agenda.

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@Cycloptichorn,

Quote:

Returning to Clinton-era tax rates would reduce the deficit by 75% within 5 years - without a single spending cut.

Of course, thats assuming that the folks in congress didnt INCREASE spending because they started getting thaty extra revenue.
How likely do you think it is that congress wouldnt increase spending?

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@Cycloptichorn,

It wasnt impossible.
All it would have taken is for Obama to sign an exdecutive order ordering it closed.
The repubs couldnt have stopped it.

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@mysteryman,

mysteryman wrote:

Quote:
Returning to Clinton-era tax rates would reduce the deficit by 75% within 5 years - without a single spending cut.

Of course, thats assuming that the folks in congress didnt INCREASE spending because they started getting thaty extra revenue.
How likely do you think it is that congress wouldnt increase spending?

Depends on how much they care about reducing the debt, and how much we hold them accountable for doing so.

Nevertheless, it's the only plan right now that makes any sort of sense. The Ryan plan is a joke. Luckily, the people of America strongly disagree with his plan, and the Dems are going to use it to destroy the Republicans in the next election.

Graphs like this should be scary to Republicans:

http://www.washingtonpost.com/rf/image_606w/WashingtonPost/Content/Blogs/ezra-klein/StandingArt/debtreductionpoll.jpg?uuid=ZotdhGuOEeC_vLeWjZFRWg

Cycloptichorn

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@mysteryman,

mysteryman wrote:

It wasnt impossible.
All it would have taken is for Obama to sign an exdecutive order ordering it closed.
The repubs couldnt have stopped it.

They could have blocked funding being used to put them anywhere else, which ties Obama's hands. I don't think your answer there was really a serious one.

Cycloptichorn

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@MontereyJack,

MJ, the Obama administration knows that the BP leak in the gulf was never the crisis they wanted it to be, yet they continue to beat that dead horse and continue to avoid facing the truth. It's sounds like you continue to drink the Kool-Aid... that's fine, but you and your ilk get no sympathy from me.

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@Cycloptichorn,

Since the federal prisons are already funded, it would not have been difficult to move those prisoners to a federal prison.

Of course, he also said he was going to end the military tribunals and have the suspects tried in civilian court.
He has backtracked on that one also.

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More thuggery from the Obama administration, but it didn't work this time.

Obama Officials Tried to Convince S&P Not to Issue Credit Warning

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@Cycloptichorn,

That kind of graph is not scary to republicans. These polls have been on-going for the past year or so.
That graph also is one-sided; it doesn't average out all voters - including republicans.

Most telling is "raising taxes on the rich." If republicans were represented, the "yes" would be lower. Republicans believe taxing the rich is tantamount to the transfer of wealth from the rich to the poor.

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@mysteryman,

mysteryman wrote:

Since the federal prisons are already funded, it would not have been difficult to move those prisoners to a federal prison.

Individual senators, both Dem and Republican, can easily hold that up. What you write here bears no resemblance to how these things actually work.

Quote:

Of course, he also said he was going to end the military tribunals and have the suspects tried in civilian court.
He has backtracked on that one also.

Once again, he did so in the face of enormous amounts of pressure, primarily from the Republicans, not to do so. You act as if he was just doing other **** and forgot about this stuff. You're blaming him for not doing things that the people YOU vote for and support are actively working to block him from doing.

These rhetorical questions of yours - 'why hasn't he done this or that?' - are a little asinine in the face of the fact that there's been massive opposition from your side to doing these things. He's attempted to do the things you listed and has been blocked from doing so. Can't fault him for that.

Cycloptichorn

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Tell that to the people who live around the Gulf, H2 Oboy http://www.msnbc.msn.com/id/42678819/ns/us_news-environment/ .
It's clear you continue to drink the Faux News moonshine.

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@cicerone imposter,

cicerone imposter wrote:

That kind of graph is not scary to republicans. These polls have been on-going for the past year or so.
That graph also is one-sided; it doesn't average out all voters - including republicans.

Republicans in that poll also supported that; it wasn't just Dems.

Quote:

Most telling is "raising taxes on the rich." If republicans were represented, the "yes" would be lower. Republicans believe taxing the rich is tantamount to the transfer of wealth from the rich to the poor.

Republicans ARE represented in that Poll, CI. It's not a poll of Dems and Independents only. That's the entire point.

Cycloptichorn

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@H2O MAN,

Perhaps I am missing something. The S&P thing was, I think, a warning shot aimed over the Executive and Legislative branches' heads. It seems to me that it strengthens Obama's hand, despite Fox News' report to the contrary. Why would Obama want to block that?

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@Cycloptichorn,

Well, I think it's being taken out of context, because the following "poll" shows a different picture.

Quote:

Another potential remedy to the debt crisis gets less support — 45 percent of those surveyed said they support raising taxes on all Americans by a small percentage while making small cuts to Medicare and Social Security. Fifty-three percent of Americans are opposed to such a plan, including 40 percent who say they are strongly opposed.

Read more: http://www.politico.com/news/stories/0411/53455.html#ixzz1K6Kt6zJ6

1 Reply

@realjohnboy,

realjohnboy wrote:

Perhaps I am missing something. The S&P thing was, I think, a warning shot aimed over the Executive and Legislative branches' heads. It seems to me that it strengthens Obama's hand, despite Fox News' report to the contrary. Why would Obama want to block that?

I agree. Boehner and McConnell are never going to be able to convincingly argue that we should let the country default on it's obligations, and they sure as hell aren't going to be able to push through Toomey's crazy 'guarantee certain debts but not others' plan. So Obama definitely has the strong hand on this one. It will be interesting to see how he uses it.

Cycloptichorn

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@MontereyJack,

LOL!! MJ puss, MSNBC... are you serious?

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@cicerone imposter,

cicerone imposter wrote:

Well, I think it's being taken out of context, because the following "poll" shows a different picture.

Quote:
Another potential remedy to the debt crisis gets less support — 45 percent of those surveyed said they support raising taxes on all Americans by a small percentage while making small cuts to Medicare and Social Security. Fifty-three percent of Americans are opposed to such a plan, including 40 percent who say they are strongly opposed.

Read more: http://www.politico.com/news/stories/0411/53455.html#ixzz1K6Kt6zJ6

Not only is that the same poll I linked to, it supports my case - not hurts it. Note that my graph was based on asking whether taxes on the rich should go up, whereas the part of the article you highlighted refers to raising taxes on EVERYONE.

In the paragraph directly proceeding the one you posted, it states:

Quote:

Of those surveyed, 72 percent said they support tax increases on people with incomes of more than $250,000, including 54 percent who strongly support them. Twenty-seven percent are opposed, including 17 percent strongly.

Where is the US economy headed?

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