Dave Ramey's thoughts on Obama's Plans

Discussion in 'Politics' started by givengrace, Jan 30, 2009.

  1. givengrace

    givengrace
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    I don't know if you all know who he is but he's a best selling Author and radio show on Money And it's taken from a Biblical stance. I am doing his class called Financial Peace University. I just thought I'd share his view that is also mine.




    Dave's Thoughts on Obama's Plans

    Well, we the people have a new president. It’s an exciting time for Americans, whether or not you agree with President Barack Obama’s plans. My hope is that our new president will instill some confidence in people, not necessarily set out to fix everybody and everything.

    There are some bogus government strategies floating around to stimulate the economy and "save us from ourselves." Just because they’re all everyone talks about doesn’t make them true! Here are a few of the big issues:

    Tax Breaks
    These aren’t bad, and I would never turn them down. But to think that tax breaks single-handedly stimulate the economy is laughable. Remember last fall? Those stimulus checks didn’t fix the problem, so what makes us think it’s going to fix everything this time? Did you know it was your money to start with? They’re just giving it back to you and making you feel good about it. If you’re looking for $1,000 to change your life this year, you obviously don’t have a life to start with!

    It may help you today or this month, but $1,000 will do very little for you in the long run. To win with money, you've got to think long term.

    Patriotic Duty
    The government wants you to spend, spend, spend—and many Americans are taking this advice while still in debt! No matter what the talking heads say, it is not your patriotic duty to spend money you don’t have. Your duty is to take care of yourself and your household with the money you earn from an honest day’s work.

    If you have your full emergency fund and are in a position to buy something, now is the perfect time! You can get some fabulous deals, but don’t let the deals entice you if you haven’t planned ahead and don’t have the cash!

    National Deficit
    The dog is still chasing its tail.

    Debt started the problem, so what is the current plan to fix the problem? More debt!
    What really drives the economy? Is it D.C.'s programs or small-business people scattered throughout the country? This down economic time will begin to heal itself. Do we have to go $1 trillion in debt to do that? No way!

    The good news is that our future as an economy isn’t coming out of Washington. Our future prosperity is coming out of the hopes, dreams and individual freedoms of the American people. When left alone, we have a tendency to prosper.

    The healing of the economy will begin and end with you. Yes, you, the person you see in the mirror! You have to make your decision as to whether or not you’re going to take part in the recession.

    As for our new president, if you’re not a fan, pray for him. He’s your president. If you are a fan, pray for him. He’s your president, not your savior. Your hope will be crushed if you wait for him and his administration—or anyone else—to fix your life and give you money.
     
  2. Bro. Curtis

    Bro. Curtis
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    Dave Ramsey is a good man, a smart talk show host, and his advice is well-heeded.
     
  3. Joshua Rhodes

    Joshua Rhodes
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    Well written... I knew I liked Mr. Ramsey.
     
  4. givengrace

    givengrace
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    I'm just BUMPING this since so much is being brought up as to Obama and the Economy.
     
  5. LeBuick

    LeBuick
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    No one is looking for Government to fix our economic situation, we're just looking for help through the troubled times. The most the economic stimulus can do is kick start the economy by getting the eagle shifting again but we all know it won't be the final solution.

    However, I do agree with him here...

    There is also an ignorance to his statements about debt. Yes debt is how we got here but we must invest to retool the machine. Think of it this way, you loose your job and your savings are running low. Some would say to be cautions with spending your last few dollars but a good investment in the right area like setting yourself up your own business could be the solution. Everyone keeps making blanket statements about investing without pointing out that the right investment in the right things can do great good and moving us in the right direction.

    And before you ask, no I don't mean condemns or the arts but roads and bridges are a good start and are really needed with some of them falling down.
     
  6. JustChristian

    JustChristian
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    Why do people keep making the ludicrous statemenht that Obama is not our Savior? This was echoed on the BB a lot during the campaign. Of course he's not my Savior. My one and only Savior is Jesus Christ. I haven't seen anybody here say anything to the contrary.
     
  7. Revmitchell

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    To bad Obama, Pelosi and company does not see it your way. Roads and bridges do not stimulate the economy. Investment in actual businesses do. Common sense.
     
    #7 Revmitchell, Feb 2, 2009
    Last edited by a moderator: Feb 2, 2009
  8. donnA

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    Well, doesn't that just make sense to everyone.
    I get myself into debt, so I fix it by creating more debt for myself.
    Never worked before.
     
  9. LeBuick

    LeBuick
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    Investment in business is a good idea but not in the form of tax cuts. Businesses must get back to producing which means consumers must start consuming or there will be no taxes to cut.

    Roads and bridges will get the eagle shifting which will loosen things up. Besides all the material needed to build the roads and bridges the workers will shop, consume and pay bills. It isn't the solution but it a stimulating kick start.
     
  10. Revmitchell

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    Federal revenue is higher during tax cuts
     
  11. rbell

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    See, here's my whole problem. We actually had a negative savings rate as a country in recent times. Now that the economy's tanked, folks are saving....and it makes the government mad.

    Has it occurred to any of these geniuses that perhaps our economy was built on the irresponsible behavior of consumers? Government wants everyone to go buy a car...maybe, just maybe, we all don't need to buy a car. Maybe financing a $35,000 depreciating item for 84 months (or worse yet, leasing it) is stupid. And building an industry based upon our dependence on consumers making bad decisions is...well...stupid, too.

    Another thing: the gubmint is all distressed because consumers are saving, not consuming. Do these morons even realize that (unless it's under their mattress) that customers' saving is not an economy-neutral act? Think, people...that saved money is in the banks! Who is it we're "worried" about? The banks! I declare, our economists must think stupid is in this year. Saving money does not wreck the economy...and besides: It is infinitely more important for me to make wise decisions that help my family than to make decisions that make these parasites in Congress happy.

    So, you've heard it, consumers, from the Great and All Knowing Government Almighty: It doesn't matter if you can afford it or not. Spend money. Even if you have to go into debt to do it. Hey...it works for Congress!
     
  12. rbell

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    This kind of thinking is at the core of the problem: the concept that it all belongs to government. When you get a "tax cut," it is not the government being kind and charitable. That's your money.

    People seem to have trouble remembering whose money it is.
     
  13. billwald

    billwald
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    There is only a problem for people who work for wages and commissions. Our problem is called "a solution" by the people who own us.
     
  14. just-want-peace

    just-want-peace
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    While this statement, as far as it goes, is true, a "stimulus" check IS NOT a tax break.

    If this quote from the op was copied from Dave accurately, then Dave needs to re-think this statement.
     
  15. LeBuick

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    Republican talking point that simply isn't true. Reagan cut taxes and government spending and rose the deficit to record levels. Now if you cut taxes yet get workers working and consumers consuming then that is a different story. The problem now is there are no jobs and no one has money to consume.
     
  16. LeBuick

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    That is not what I was saying at all. I know whose money it is but our government must collect taxes to function. It would do some good to cut middle class taxes and those of the poor who pay them but that little stimulation won't do much. It would be compared to adding a drop out of th ocean, no one would notice. It does absolutely no good to cut corporate taxes since the profits for those cuts won't create one single job. It would just increase the size of the CEO's bonus.

    It also does not good to reduce taxes when so many American's have no job. You can't cut what I don't have.
     
  17. LeBuick

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    I understand what you're saying but remember the interest from the borrowed money is a large part of our economy. We wouldn't have lending institutions without interest. Not many people could afford to consume the $35K item if there were no lending institutions so it's all part of what makes the wheel go around.
     

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