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Debating RightWinger Obamas Economic Growth Claims Deceptive!

Debating RightWinger Obamas Economic Growth Claims Deceptive!
Debating RightWinger Obamas Economic Growth Claims Deceptive!

pDebating RightWinger: Obamas Economic Growth Claims Deceptive!p p joining me today is dan Weber hes the founder of the Association love mature American citizens dan I read the piece by a MAC saying that you feel that President Obama is touting economic growth in a deceptive way so lets just get right into it what specifically what what specific claims made by the by the President or his administration do you find to be deceptive basically hes been out there and I i staying saying that economy is good now it is true the stock market has kinda other than that all the other true economic indicators are poor especially the gross national product so lets start there what what specifically do you find to be displeasing about the gross national product and then further what kind of points of reference are you using to say this is a good target or this is what I would like to see okay Im a Im actually reading uh up chart which its from a cluster stock which is the Charter that day an issue affected the fiscal stimulus on the gross up national product then it just shows that since the stimulus in 2009 we actually had a an increase in 2009 until the first quarter 2010 and then it went down dramatically and its been actually by decreasing and what that mean why I like that chart is it illustrates the true what I call the cooch the truth domestic product war but lets stop there because sofa what specific numbers are you looking at tell me because if were going to make comparisons it would be good to Cheryl what was the growth rate in what is it now and whats this pleasing about aa in the first quarter 2010 a growth rate was 1.5 percent in the fourth quarter up 2011 for example it was 1.5 percent since then its been up and down level and but again in the minus factor okay so what in your mind could President Obama be doing differently so you say i from what youre saying it sounds like youre saying that stimulus did not work do you know had that stimulus not been done that mathematically speaking those numbers would be even worse I mean its just basic economics 101 what would you like to have have done differently if not the stimulus that would have made those numbers higher very specifically real simple David instead of giving the money to government which he did to create jobs he should have given the money to free enterprise for example if he had offered companys tax incentives for hiring new workers and for exit now FA Cup the invests in their company they have to borrow the money well the government could have launder money taxfree to any enterprise whos going to hire people to me that was such a simple economic solution and why nobody did that is beyond me know what do you mean that the stimulus was used for the government to hire people tell me about that a little bit yeah well what he did as you know he tried to up get the shovels digging into the earth and started with these federal projects and to me that was temporary mine a noble one I love the job so called traded quote andor saves remember that one where teachers jobs and jobs up who work for public unions up so to me it was a payback up about the you know the election campaign to the unions yeah but then I think that weve got a lotta stuff just it flat out factually wrong here i mean for let me Ill give you my opinion of us how do I see this and you tell me where Im wrong number one a lot of those federal infrastructure projects were still contract it out to private companies so you were you were giving money to private companies through government projects but for neither I think the most telling data that you seem to be missing is that for all of the talk for years from conservatives about reducing the size of government President Obama has actually reduced the number up government employees net there are less real net government jobs today than when President Obama took over and there are more private sector jobs today than when President Obama took over George W Bush on the other hand hold on a second and George W Bush on the other hand exploded the size of government and the number of government jobs why are conservatives great giving President Obama credit for reducing the number of government jobs okay well two reasons number one the average pay at the federal worker has skyrocketed so that its thirty forty percent higher then for private enterprise so the cost of government has not gone down but thats not happened under pressure if the thirty to forty percent number has not happened under President Obama only and numbered jurek and number two youre not taking into consideration if you remove inflation adjustments from that it is far lower it seems like in a relevant statistic when discussing President Obama which is what your article sought to do yet while the reason really is if you look at the problem with facing and I am accepting your I is the national debt and the deficit are you aware that President Obama has reduced the sack deficit more during a fouryear period then any fouryear period in the last 60 years are you aware of that fact then that that fact is incorrect it is not incorrect exchange my house and Ill you talk about the Nationals at ad:tech about the deficit im talking about the deficit okay so what youre saying is the increase in the deficit has decreased up with that if we thats not true actually this is that this is the Tri typeof kind of kabuki map its often use this was a the Congressional Budget Office and PolitiFact examine this claim from President Obama and there is no question that if you go back over 60 years the biggest deficit dick decrease during any fouryear period was experienced under President Obama full stop and I dont blame you for not knowing because so many people have no idea it was under president clinton that the biggest deficit decrease in Martin you know mine mister node and its just not the case just you need to research this in the last 16 years president Obama at the largest deficit decreased if youre not going to agree with just basic fact itll be hard to discuss it let me take one step back because you know it sounds like youre just not going to agree with me on the facts and that makes it kind of complicated it where did you get those facts from day that Id love to check them because thats certainly everything Ive been looking up doesnt say that uses you as the audience should google PolitiFact Barack Obama largest budget but deficit decrease sixty years it will come up but in the last minute and a half or so that we have left sure what would you like to see President Obama do in the restive his second term thinking proactively not to try to make him look bad but rather a solution something he could do that in your opinion would improve the economy okay first the ball like I said he should promote up private jobs by changing the tax structure increasing the taxes was a mistake by the people who have small businesses are paying higher taxes now about seven percent more and because so that they can hire less people thats incorrect and i mean again we seem to be its such a fundamental disagreement about basic economics its widely known that if you decrease the mark top marginal tax rate on the richest Americans they dont hire more people they save that money and in fact there was just a big study put out showing that the top one percent are hoarding cash at on alarming rates they are not investing it is not handing any more hiring see what youre doing is youre comparing Obamas France which is which uh the billionaires that Bill Gates the profits im talking FSU peopled and damn thats to people the average working people who started the small business a family business theyre looking to hire people let me tell you something when I get more money they dont siphoned away they put it back into their businesses all right down to it my daughter would love to do that and the government just raise the taxes about 7 percent unfortunately Bill Gates Warren Buffett and your daughter whatever it is that they may want to or be doing are not representative every single study which shows that rich people save their money when they get a tax cut were just not agreeing but its a very very interesting conversation Ive been speaking with Damac and keep keep talking because the more the people out there learn the UN I will learn that they are of Ill cut you a big help but hopefully people learn something dan Weber Association mature American citizens I thank you for being on todayp

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