Dave Ramey's thoughts on Obama's Plans

Dave Ramsey is a good man, a smart talk show host, and his advice is well-heeded.

 

Well written... I knew I liked Mr. Ramsey.

 

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.

 

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.

 

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.

 

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.

 

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.

 

Federal revenue is higher during tax cuts

 

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!

 

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.

 

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.

 

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.

 

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.

 

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.

 

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.