Obama’s big sellout

[davelj]

[quote=briansd1]

Third, saving money on healthcare means cutting people’s incomes (those who work in health care). That reduces economic turnover and wealth. If you suddenly eliminate 1/2 the health care industry, you eliminate a substantial portion of GDP.
[/quote]

Regardless of how you feel about healthcare, this is not correct. The money spent/invested on healthcare would get spent/invested elsewhere. There isn’t necessarily an impact on GDP.

[briansd1]

[quote=davelj] The money spent/invested on healthcare would get spent/invested elsewhere. There isn’t necessarily an impact on GDP.[/quote]

I think that there’s no impact on GDP if the money not spent on health-care is redeployed over time into other areas of the economy.

I was responding to sobmaz who seems to feels that with passage for a health-care bill and the president’s signature, we could somehow immediately mandate 7% of GDP in savings.

If consumers suddenly cut discretionary spending by 50%, there would be a lot of wealth lost. Sure, consumers could spend those savings in other areas but there would first be a painful lag time and a recession.

Considering that the Federal deficit is now at $1.7 trillion, that’s a lot of “printed” money that would not be there if there weren’t things (such as health-care) to spend it on.

[briansd1]

[quote=davelj] The money spent/invested on healthcare would get spent/invested elsewhere. There isn’t necessarily an impact on GDP.[/quote]

I think that there’s no impact on GDP if the money not spent on health-care is redeployed over time into other areas of the economy.

I was responding to sobmaz who seems to feels that with passage for a health-care bill and the president’s signature, we could somehow immediately mandate 7% of GDP in savings.

If consumers suddenly cut discretionary spending by 50%, there would be a lot of wealth lost. Sure, consumers could spend those savings in other areas but there would first be a painful lag time and a recession.

Considering that the Federal deficit is now at $1.7 trillion, that’s a lot of “printed” money that would not be there if there weren’t things (such as health-care) to spend it on.

[briansd1]

[quote=davelj] The money spent/invested on healthcare would get spent/invested elsewhere. There isn’t necessarily an impact on GDP.[/quote]

I think that there’s no impact on GDP if the money not spent on health-care is redeployed over time into other areas of the economy.

I was responding to sobmaz who seems to feels that with passage for a health-care bill and the president’s signature, we could somehow immediately mandate 7% of GDP in savings.

If consumers suddenly cut discretionary spending by 50%, there would be a lot of wealth lost. Sure, consumers could spend those savings in other areas but there would first be a painful lag time and a recession.

Considering that the Federal deficit is now at $1.7 trillion, that’s a lot of “printed” money that would not be there if there weren’t things (such as health-care) to spend it on.

[briansd1]

[quote=davelj] The money spent/invested on healthcare would get spent/invested elsewhere. There isn’t necessarily an impact on GDP.[/quote]

I think that there’s no impact on GDP if the money not spent on health-care is redeployed over time into other areas of the economy.

I was responding to sobmaz who seems to feels that with passage for a health-care bill and the president’s signature, we could somehow immediately mandate 7% of GDP in savings.

If consumers suddenly cut discretionary spending by 50%, there would be a lot of wealth lost. Sure, consumers could spend those savings in other areas but there would first be a painful lag time and a recession.

Considering that the Federal deficit is now at $1.7 trillion, that’s a lot of “printed” money that would not be there if there weren’t things (such as health-care) to spend it on.

[briansd1]

[quote=davelj] The money spent/invested on healthcare would get spent/invested elsewhere. There isn’t necessarily an impact on GDP.[/quote]

I think that there’s no impact on GDP if the money not spent on health-care is redeployed over time into other areas of the economy.

I was responding to sobmaz who seems to feels that with passage for a health-care bill and the president’s signature, we could somehow immediately mandate 7% of GDP in savings.

If consumers suddenly cut discretionary spending by 50%, there would be a lot of wealth lost. Sure, consumers could spend those savings in other areas but there would first be a painful lag time and a recession.

Considering that the Federal deficit is now at $1.7 trillion, that’s a lot of “printed” money that would not be there if there weren’t things (such as health-care) to spend it on.

[Rt.66]

Coming to a town near you:

http://www.breitbart.tv/welcome-to-obamaville-sign-marks-co-homeless-tent-city/

I think the reason the subject of Obama creates such passion is that he really managed to generate a wave of hope across the nation. Of course we were dumb to fall for it but…..

If McSame had been elected we would have been unhappy at the Wall Street continuance of control but not amazingly surprised.

Deep down inside most of us knew Obama was lieing his ass off to get elected but he was so smooth, so different seeming, we held out a tiny bud of hope.

I think he will go down as the most dissapointing president in history but maybe he will, at the same time, kill the debate over who’s better the Rs or Ds.

There’s that hope thing again…

[Rt.66]

Coming to a town near you:

http://www.breitbart.tv/welcome-to-obamaville-sign-marks-co-homeless-tent-city/

I think the reason the subject of Obama creates such passion is that he really managed to generate a wave of hope across the nation. Of course we were dumb to fall for it but…..

If McSame had been elected we would have been unhappy at the Wall Street continuance of control but not amazingly surprised.

Deep down inside most of us knew Obama was lieing his ass off to get elected but he was so smooth, so different seeming, we held out a tiny bud of hope.

I think he will go down as the most dissapointing president in history but maybe he will, at the same time, kill the debate over who’s better the Rs or Ds.

There’s that hope thing again…

[Rt.66]

Coming to a town near you:

http://www.breitbart.tv/welcome-to-obamaville-sign-marks-co-homeless-tent-city/

I think the reason the subject of Obama creates such passion is that he really managed to generate a wave of hope across the nation. Of course we were dumb to fall for it but…..

If McSame had been elected we would have been unhappy at the Wall Street continuance of control but not amazingly surprised.

Deep down inside most of us knew Obama was lieing his ass off to get elected but he was so smooth, so different seeming, we held out a tiny bud of hope.

I think he will go down as the most dissapointing president in history but maybe he will, at the same time, kill the debate over who’s better the Rs or Ds.

There’s that hope thing again…

[Rt.66]

Coming to a town near you:

http://www.breitbart.tv/welcome-to-obamaville-sign-marks-co-homeless-tent-city/

I think the reason the subject of Obama creates such passion is that he really managed to generate a wave of hope across the nation. Of course we were dumb to fall for it but…..

If McSame had been elected we would have been unhappy at the Wall Street continuance of control but not amazingly surprised.

Deep down inside most of us knew Obama was lieing his ass off to get elected but he was so smooth, so different seeming, we held out a tiny bud of hope.

I think he will go down as the most dissapointing president in history but maybe he will, at the same time, kill the debate over who’s better the Rs or Ds.

There’s that hope thing again…

[Rt.66]

Coming to a town near you:

http://www.breitbart.tv/welcome-to-obamaville-sign-marks-co-homeless-tent-city/

I think the reason the subject of Obama creates such passion is that he really managed to generate a wave of hope across the nation. Of course we were dumb to fall for it but…..

If McSame had been elected we would have been unhappy at the Wall Street continuance of control but not amazingly surprised.

Deep down inside most of us knew Obama was lieing his ass off to get elected but he was so smooth, so different seeming, we held out a tiny bud of hope.

I think he will go down as the most dissapointing president in history but maybe he will, at the same time, kill the debate over who’s better the Rs or Ds.

There’s that hope thing again…

[Arraya]

[quote=briansd1]Arraya, what about nuclear energy?
[/quote]

Go find out how long it takes to build one and then tell me who’s going to pay for it. Since, the clock is approaching midnight and no plans are in the pipeline I suggest you look elsewhere. Also, not many cars run on nuclear power.

That’s ok, the implosion of the banking industry serves as good mitigation for a while.

Though, depletion marches…

A lot of things would be useful in the future but nothing in place to stave off the debtocalpse and ensuing unrest associated with it.

[Arraya]

[quote=briansd1]Arraya, what about nuclear energy?
[/quote]

Go find out how long it takes to build one and then tell me who’s going to pay for it. Since, the clock is approaching midnight and no plans are in the pipeline I suggest you look elsewhere. Also, not many cars run on nuclear power.

That’s ok, the implosion of the banking industry serves as good mitigation for a while.

Though, depletion marches…

A lot of things would be useful in the future but nothing in place to stave off the debtocalpse and ensuing unrest associated with it.

[Arraya]

[quote=briansd1]Arraya, what about nuclear energy?
[/quote]

Go find out how long it takes to build one and then tell me who’s going to pay for it. Since, the clock is approaching midnight and no plans are in the pipeline I suggest you look elsewhere. Also, not many cars run on nuclear power.

That’s ok, the implosion of the banking industry serves as good mitigation for a while.

Though, depletion marches…

A lot of things would be useful in the future but nothing in place to stave off the debtocalpse and ensuing unrest associated with it.

[Arraya]

[quote=briansd1]Arraya, what about nuclear energy?
[/quote]

Go find out how long it takes to build one and then tell me who’s going to pay for it. Since, the clock is approaching midnight and no plans are in the pipeline I suggest you look elsewhere. Also, not many cars run on nuclear power.

That’s ok, the implosion of the banking industry serves as good mitigation for a while.

Though, depletion marches…

A lot of things would be useful in the future but nothing in place to stave off the debtocalpse and ensuing unrest associated with it.

[Author]

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