The Masked Tulip Posted September 8, 2011 Share Posted September 8, 2011 (edited) What will he say? Hope anyone? Jobs for building workers, teachers, money for tax cuts and to be spent on infrastructure. QE? Edited September 8, 2011 by The Masked Tulip Quote Link to comment Share on other sites More sharing options...
Chuffy Chuffnell Posted September 8, 2011 Share Posted September 8, 2011 (edited) What will he say? Hope anyone? Jobs for building workers, teachers, money for tax cuts and to be spent on infrastructure. QE? It'll be the usual "America is the land of opportunity... yada yada" which you'd expect to hear from a US President. It was true 50 years ago. Today it's laughable. And yes there's going to be mega QE coming in the next year or so. It'll push up commodities, stocks, general inflation... won't create a single job though. Edited September 8, 2011 by Chuffy Chuffnell Quote Link to comment Share on other sites More sharing options...
Chuffy Chuffnell Posted September 8, 2011 Share Posted September 8, 2011 (edited) Off he goes... http://www.bbc.co.uk/news/world-us-canada-14848228 *cue the tune of the Yankee national anthem* Edit: yup, just as predicted in my post made before-hand... (re: land of opportunity etc) Edited September 8, 2011 by Chuffy Chuffnell Quote Link to comment Share on other sites More sharing options...
24gray24 Posted September 8, 2011 Share Posted September 8, 2011 " Yes we can...get away with passing all the banks' debts onto the taxpayer, and pretending to be on the people's side while we do it." I think there is a phrase for someone who talks all the others into carrying on, putting up with slavery, in return for a cushy lifestyle for himself... Quote Link to comment Share on other sites More sharing options...
Chuffy Chuffnell Posted September 8, 2011 Share Posted September 8, 2011 "..everything in this Bill will be paid for.." - Obama, just now Yes, paid for by... what? QE? Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted September 8, 2011 Author Share Posted September 8, 2011 It's QE isn't it. He is positioning himself well for the election by being the people's President, but Congress has to pass his bill... which means they have to come on board for QE or look the villains... If they come on board then they can't say they did not want more QE. So he is painted the Tea Party lot into a corner. Quote Link to comment Share on other sites More sharing options...
Chuffy Chuffnell Posted September 8, 2011 Share Posted September 8, 2011 (edited) No - wait - he says there will be more deficit reduction to pay for it!!! He's going down the Osborne route! As I said in another thread, this is an economic/currency war and the country one step ahead of the others is winning. Looks like we're the one others are copying.. (I seem to remember European and American politicians dead against the Conservatives' deficit reduction plans 2-3 years ago... now they're all at it. No wonder Hague is loving his time as Foregin Sec... it's like the good ol' days!) Edited September 8, 2011 by Chuffy Chuffnell Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted September 8, 2011 Author Share Posted September 8, 2011 Hinting at a one-off tax on US corporates? Cash rich Apple, Cisco, Microsoft, etc? Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted September 8, 2011 Author Share Posted September 8, 2011 If he gets this going the US will be doing the opposite of the UK's austerity. Go West young man. Quote Link to comment Share on other sites More sharing options...
juvenal Posted September 8, 2011 Share Posted September 8, 2011 $450bn stimulus package, plus tax cuts Quote Link to comment Share on other sites More sharing options...
Chuffy Chuffnell Posted September 8, 2011 Share Posted September 8, 2011 If he gets this going the US will be doing the opposite of the UK's austerity. Go West young man. Well, no, he's saying that the US government will cut spending in other areas to fund specific spending he's outlining tonight. Quote Link to comment Share on other sites More sharing options...
Chuffy Chuffnell Posted September 8, 2011 Share Posted September 8, 2011 $450bn stimulus package, plus tax cuts Quite - it doesn't add up. There will have to be either: 1. massive cuts elsewhere in government spending or 2. more debt He's saying 1. but it's going to be 2. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted September 8, 2011 Author Share Posted September 8, 2011 Well, no, he's saying that the US government will cut spending in other areas to fund specific spending he's outlining tonight. Yes, heard that but, for the first time since he got in, he is actually putting forward a job creation scheme based around education, infrastructure, engineering. This is the speech he should have made at his first state of the union in Jan 2008. Quote Link to comment Share on other sites More sharing options...
evictee Posted September 8, 2011 Share Posted September 8, 2011 Hinting at a one-off tax on US corporates? Cash rich Apple, Cisco, Microsoft, etc? Jobs, Bill. Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted September 8, 2011 Share Posted September 8, 2011 This is painful to listen to. Quote Link to comment Share on other sites More sharing options...
Chuffy Chuffnell Posted September 8, 2011 Share Posted September 8, 2011 Yes, heard that but, for the first time since he got in, he is actually putting forward a job creation scheme based around education, infrastructure, engineering. This is the speech he should have made at his first state of the union in Jan 2008. It makes you wonder why it's taken this long! Quote Link to comment Share on other sites More sharing options...
Injin Posted September 8, 2011 Share Posted September 8, 2011 This is priceless. Quote Link to comment Share on other sites More sharing options...
Chuffy Chuffnell Posted September 8, 2011 Share Posted September 8, 2011 This is painful to listen to. Most speeches by most US Presidents are. Exactly the stuff you couldn't imagine a British PM spouting. Frankly, however bad our politics is, ours is at a better level than America's. Quote Link to comment Share on other sites More sharing options...
enrieb Posted September 8, 2011 Share Posted September 8, 2011 $450bn stimulus package, plus tax cuts That's not enough, to superficially deal with a problem this huge he's going to need a catchy slogan. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted September 8, 2011 Author Share Posted September 8, 2011 It makes you wonder why it's taken this long! Because he got waylaid by Bernanke, Paulson and Co? Buy shares in engineering companies, steel, oil, etc, buy commodities - he is making his opening election speech here, with another one a week Monday about corporate taxes, so he is going to force this bill through no matter what, no doubt threatening to do it as a Presidential bill. Quote Link to comment Share on other sites More sharing options...
Chuffy Chuffnell Posted September 8, 2011 Share Posted September 8, 2011 The way they all clap continuously - standing ovations by the bucketful - it's like recently watching footage of the Syrian dictatorship at work in the Syrian parliament. Unnerving. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted September 8, 2011 Author Share Posted September 8, 2011 That's not enough, to superficially deal with a problem this huge he's going to need a catchy slogan. Obama can? Quote Link to comment Share on other sites More sharing options...
billybong Posted September 9, 2011 Share Posted September 9, 2011 ...he is actually putting forward a job creation scheme based around education, infrastructure, engineering. It sounds like Oblahma is advocating , to coin a phrase, the white heat of technology Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted September 9, 2011 Share Posted September 9, 2011 That's not enough, to superficially deal with a problem this huge he's going to need a catchy slogan. The change man is here to stay, and he's turning up the spending. Quote Link to comment Share on other sites More sharing options...
MarkG Posted September 9, 2011 Share Posted September 9, 2011 $450bn stimulus package, plus tax cuts I heard he's giving everyone a free unicorn too. Quote Link to comment Share on other sites More sharing options...
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