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	<title>Citizen Economists &#187; Barack Obama</title>
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	<link>http://www.citizeneconomists.com/blogs</link>
	<description>Citizen Economists is an online economics magazine written by citizen journalists. These ordinary citizens provide reports and commentary on the current events affecting the economics of the fields they work in.</description>
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		<title>You Can Always Count On Politicians</title>
		<link>http://www.citizeneconomists.com/blogs/2011/07/15/you-can-always-count-on-politicians/</link>
		<comments>http://www.citizeneconomists.com/blogs/2011/07/15/you-can-always-count-on-politicians/#comments</comments>
		<pubDate>Fri, 15 Jul 2011 14:10:25 +0000</pubDate>
		<dc:creator>Simon Grey</dc:creator>
				<category><![CDATA[U.S. Economics]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[debt ceiling]]></category>
		<category><![CDATA[entitlements]]></category>
		<category><![CDATA[Social Security]]></category>
		<category><![CDATA[taxation]]></category>

		<guid isPermaLink="false">http://www.citizeneconomists.com/blogs/?p=8436</guid>
		<description><![CDATA[To lie, that is: <p>President Obama on Tuesday said he cannot guarantee that retirees will receive their Social Security checks August 3 if Democrats and Republicans in Washington do not reach an agreement on reducing the deficit in the coming weeks.</p> <p>&#8220;I cannot guarantee that those checks go out on August 3rd if we <span style="color:#777"> . . . &#8594; Read More: <a href="http://www.citizeneconomists.com/blogs/2011/07/15/you-can-always-count-on-politicians/">You Can Always Count On Politicians</a></span>]]></description>
			<content:encoded><![CDATA[<div><a href="http://www.cbsnews.com/8301-503544_162-20078789-503544.html">To lie, that is</a>:</div>
<blockquote><p>President Obama on Tuesday said he cannot guarantee that retirees will receive their Social Security checks August 3 if Democrats and Republicans in Washington do not reach an agreement on reducing the deficit in the coming weeks.</p></blockquote>
<blockquote><p>&#8220;I cannot guarantee that those checks go out on August 3rd if we haven&#8217;t resolved this issue. Because there may simply not be the money in the coffers to do it,&#8221; Mr. Obama said in an interview with CBS Evening News anchor Scott Pelley, according to excerpts released by CBS News.</p></blockquote>
<div>If one were to look at box 4 of <a href="http://www.irs.gov/pub/irs-pdf/fw2.pdf">IRS form W-2</a>, one would see that part of their pay goes specifically to Social Security.<span> </span>Why, then, if part of one’s taxes are earmarked for specifically for Social Security, is the government unable to mail out Social Security checks as promised?<span> </span>They claim on everyone’s W-2s that they have earmarked a certain amount of tax money for Social Security.<span> </span>Why are they suddenly unable to pay it?</div>
<div>Yes, people, you’ve been lied to.<span> </span>For all intents and purposes, there is no Social Security fund.<span> </span>There are simply a bunch of empty promises made by soulless parasites, and now there is no denying the fact that Social Security was a Ponzi scheme from the get-go. We were all suckers for believing politicians about Social Security, and we get what we deserve.<span> </span>Let’s not make the same mistake about the debt ceiling.</div>
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		<title>Explaining the Latest Version of ObamaCare</title>
		<link>http://www.citizeneconomists.com/blogs/2009/12/09/explaining-the-latest-version-of-obamacare/</link>
		<comments>http://www.citizeneconomists.com/blogs/2009/12/09/explaining-the-latest-version-of-obamacare/#comments</comments>
		<pubDate>Wed, 09 Dec 2009 19:45:58 +0000</pubDate>
		<dc:creator>Thomas Knapp</dc:creator>
				<category><![CDATA[Healthcare]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[Medicare]]></category>
		<category><![CDATA[socialized medicine]]></category>
		<category><![CDATA[subsidies]]></category>

		<guid isPermaLink="false">http://www.citizeneconomists.com/blogs/?p=2526</guid>
		<description><![CDATA[<p>Simply put, it&#8217;s like this: If you&#8217;re a member of Generation X or Y or whatever the hell they&#8217;re calling the various post-Boomer generations these days, you are to be boiled in hot water until you&#8217;re nice and tender and your meat and bones have separated.</p> <p>The insurance companies receive the meat (&#8220;individual mandate&#8221;).</p> <span style="color:#777"> . . . &#8594; Read More: <a href="http://www.citizeneconomists.com/blogs/2009/12/09/explaining-the-latest-version-of-obamacare/">Explaining the Latest Version of ObamaCare</a></span>]]></description>
			<content:encoded><![CDATA[<p>Simply put, it&#8217;s like this: If you&#8217;re a member of Generation X or Y or whatever the hell they&#8217;re calling the various post-Boomer generations these days, you are to be boiled in hot water until you&#8217;re nice and tender and your meat and bones have separated.</p>
<p>The insurance companies receive the meat (<a href="http://c4ss.org/content/1060" target="_blank">&#8220;individual mandate&#8221;</a>).</p>
<p>The Boomers get the bones (<a href="http://www.huffingtonpost.com/2009/12/08/medicare-buy-in-proposal_n_384591.html" target="_blank">&#8220;Medicare buy-in&#8221;</a>).</p>
<p>Beautifully efficient as cannibalism schemes go, don&#8217;t you think?</p>
<p>Unlike the previously considered &#8220;public option&#8221; &#8212; which might have had loopholes through which a clever youngster could have navigated his or her wallet to some semblance of safety &#8212; the &#8220;Medicare buy-in&#8221; automatically gets the older, higher-risk types out of the insurance companies&#8217; way while pushing the younger, lower-risk population right into their gaping maws with the &#8220;individual mandate.&#8221; Lower risks! Higher profits!</p>
<p>And watch for ObamaCare&#8217;s approval ratings to jump way up since that older, higher-risk group &#8212; the over-55 set, which almost certainly constitutes an absolute majority of voters &#8212; gets <em>its</em> health care subsidized by the younger, lower-risk group, too (through the payroll tax system, which is already tried, tested and and as escape-proof as anything the government&#8217;s ever come up with &#8230; just wait, it won&#8217;t be long before the younger group&#8217;s &#8220;insurance premiums&#8221; get folded into that scheme as well).</p>
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		<title>Obama Jobs Plan Advances</title>
		<link>http://www.citizeneconomists.com/blogs/2009/12/09/obama-jobs-plan-advances/</link>
		<comments>http://www.citizeneconomists.com/blogs/2009/12/09/obama-jobs-plan-advances/#comments</comments>
		<pubDate>Wed, 09 Dec 2009 13:11:25 +0000</pubDate>
		<dc:creator>Eldon Mast</dc:creator>
				<category><![CDATA[U.S. Economics]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[job creation]]></category>
		<category><![CDATA[tax credits]]></category>
		<category><![CDATA[unemployment]]></category>

		<guid isPermaLink="false">http://www.citizeneconomists.com/blogs/?p=2525</guid>
		<description><![CDATA[<p>President Barack Obama pressed forward with his job-creation proposals on Tuesday. Specifics included a hiring tax credit to businesses and other stimulus components. Further, those stimulus programs that he believes have worked best thus far, he would like to extend or amplify.</p> <p>Thus far the existing stimulus efforts have taken an abysmal rate of <span style="color:#777"> . . . &#8594; Read More: <a href="http://www.citizeneconomists.com/blogs/2009/12/09/obama-jobs-plan-advances/">Obama Jobs Plan Advances</a></span>]]></description>
			<content:encoded><![CDATA[<p>President Barack Obama pressed forward with his job-creation proposals on Tuesday. Specifics included a hiring tax credit to businesses and other stimulus components. Further, those stimulus programs that he believes have worked best thus far, he would like to extend or amplify.</p>
<p>Thus far the existing stimulus efforts have taken an abysmal rate of 700,000 jobs lost a month earlier in the year and reduced that to a loss rate of almost zero. Obama asserts that in the months to come additional proposals can begin accelerate that improving net rate.</p>
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<div id="articleThumbnail_1">
<div style="text-align: center;"><a><img src="http://s.wsj.net/public/resources/images/NA-BC604_JOBS_D_20091208181840.jpg" border="0" alt="President Obama, at the Brookings Institution inWashington on Tuesday." hspace="0" vspace="0" width="262" height="174" /></a></div>
<div style="text-align: center;"><span style="font-style: italic; font-size: 85%;">President Obama, at the Brookings Institution in DC on Tuesday.</span><br />
<span style="font-size: 78%;"><cite>Source:  Associated Press</cite></span></div>
<p>Specifically Obama would like to put an additional $50 billion toward infrastructure spending, ramp up Treasury Department lending to small businesses, extend tax credits for business investment, and offer state/local governments additional funding to help meet strained budgetary obligations.</p>
<p>A new infrastructure boost would further enhance programs that fund roads, bridges, airports, and water system improvements. The implication (as we&#8217;ve stated <a style="color: #3333ff;" href="http://mast-economy.blogspot.com/2009/11/us-growth-probably-now-at-45-percent.html">here many times</a>) is that federal stimulus spending could stretch well into (and beyond) 2010. The White House continues to underscored that much of the $700B of the initial catalyst has not yet been spent and that by enhancing the most effective programs, jobs growth will accelerate in 2010.</div>
</div>
</div>
<p>Obama&#8217;s focus on jobs is politically timed well. At a loss rate of 700,000 jobs per month (that were a projected loss for April 2009 and beyond), the economy would have lost over 5M jobs since the time that the initial $700B stimulus measure was passed. Instead the net losses were trimmed to just over 2M in the same time period. (See <a href="http://mast-economy.blogspot.com/2009/12/obamas-brilliant-jobs-move.html">Job Loss Chart</a> for monthly details)</p>
<p>In addition to Obama&#8217;s initiatives, lawmakers are also working to continue relief to those effected by those losses. Democrats on the hill are looking to extend unemployment insurance, temporary food-stamp payment increases and subsidies for health-care purchases by the unemployed.</p>
<p>Following Obama&#8217;s job summit last week, the President has now invited congressional delegates to the White House on Wednesday to discuss the specifics of what he&#8217;d like to see produced by those legislative leaders.</p>
<p>Obama is likely to assert to his guests that lower-than-expected losses from the TARP should give room to spend more on job creation programs. Republicans of course are demanding that all $200 billion in TARP savings be immediately devoted to reducing the deficit.</p>
<p>With the shift to <a style="color: #3333ff;" href="http://mast-economy.blogspot.com/2009/12/obamas-brilliant-jobs-move.html">net jobs growth</a> in coming months, the political climate to accelerate jobs growth will no doubt become more accommodating.</p>
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		<title>Barack Obama: Eloquent but Unrealistic</title>
		<link>http://www.citizeneconomists.com/blogs/2008/07/15/barack-obama-eloquent-but-unrealistic/</link>
		<comments>http://www.citizeneconomists.com/blogs/2008/07/15/barack-obama-eloquent-but-unrealistic/#comments</comments>
		<pubDate>Tue, 15 Jul 2008 15:15:15 +0000</pubDate>
		<dc:creator>Greg Beatty</dc:creator>
				<category><![CDATA[Book Reviews]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[economic policy]]></category>
		<category><![CDATA[Politics]]></category>

		<guid isPermaLink="false">http://www.citizeneconomists.com/blogs/?p=1835</guid>
		<description><![CDATA[The Audacity of Hope: Thoughts on Reclaiming the American Dream. By Barack Obama. Crown Publishers, 2006 (Hardcover) and Random House Audio, 2006 (CD). 384 pages. $25.00 (Hardcover) and $29.95 (CD). <p>In 2006, Democratic presidential candidate Barack Obama published The Audacity of Hope. I first encountered The Audacity of Hope as an audiobook read by <span style="color:#777"> . . . &#8594; Read More: <a href="http://www.citizeneconomists.com/blogs/2008/07/15/barack-obama-eloquent-but-unrealistic/">Barack Obama: Eloquent but Unrealistic</a></span>]]></description>
			<content:encoded><![CDATA[<div id="art_det_gap"><em>The Audacity of Hope: Thoughts on Reclaiming the American Dream</em>. By Barack Obama. Crown Publishers, 2006 (Hardcover) and Random House Audio, 2006 (CD). 384 pages. $25.00 (Hardcover) and $29.95 (CD).</div>
<p><a rel="thumbnail" href="../../upload/big_33_amateure.jpg"><img style="padding: 0px 5px 0px 0px; float: left;" src="../../upload/th_33_amateure.jpg" border="0" alt="" /></a>In 2006, Democratic presidential candidate Barack Obama published <em>The Audacity of Hope</em>. I first encountered The Audacity of Hope as an audiobook read by Obama himself. I listened to it as I drove back and forth on errands, and, to be frank, I loved the experience. I also enjoyed many aspects of the book itself, which blends personal memoir with an account of Obama&#8217;s political development. It is at once a statement of who Obama is and how he became the political figure he is.</p>
<p>In retrospect, it is the personal details that stand out. Obama&#8217;s discussion of his courtship of his wife Michelle is rich with affection and respect. Even though they were second-hand and filtered through her husband, her will and independent judgment come through clearly. Should Obama be elected, this will be a First Lady to be reckoned with. The descriptions of his wife&#8217;s father (in Chapter 9, &#8220;Family&#8221;) are heartbreaking in their respectful precision. Michelle Obama&#8217;s father was diagnosed with multiple sclerosis when he was just 30 but fought the disease for decades. Obama&#8217;s discussion of his father-in-law show a great deal about both men&#8217;s character. His father-in-law embodies domestic duty; Obama clearly understands just how precious such duty is.</p>
<p>When Obama discusses politics, it is, again, the personal and interpersonal that sounds out. He manages to sound savvy, political and still genuine, whether he&#8217;s describing meeting George Bush or discussing his travels through Illinois as he campaigned. I can imagine the union workers or inhabitants of Cairo, Illinois, feeling like someone really listened to them after they&#8217;ve met with Obama, for there&#8217;s a definite sense of heightened attention to the book. Obama is listening to the people he meets. Likewise, whether you&#8217;re listening to the audio version or reading the book, a sense of broad compassion comes through. To be blunt, I found myself liking Obama the man as I listened to the book.</p>
<p>However, when I read the book, I found a curious thing happened. Policies that had been enhanced by his delivery in the audio format fell more than a little flat on the page. I found myself flipping from chapter to chapter, wondering if I had remembered the policy discussions as occurring different places in the text than they had. I had not. I had allowed myself to be lulled by my affection for Obama and by his skill as a speaker.</p>
<p>I like the man. I trust the man, at least his intentions. I recognize that the symbolic value he carries due to his race is immense and should not be discounted. However, his vision of America is…well, let me be kind. His character is superior to his vision.</p>
<p>To be specific, when he&#8217;s discussing economic history, his summation of the free market and the American economy are pretty standard. He positions himself smartly, indicating that neither the Republican version of the free market nor the Democratic defense of pre-Bush social programs is sufficient. However, when he calls for a pragmatic solution, saying, &#8220;We should be guided by what works&#8221; (159), it is not yet clear that he (or, to be fair, anyone else) knows what that is. Obama calls for fairly predictable solutions: for government and parents to improve education and for public money and personal responsibility to be used there. He calls for more basic scientific research, a lowered dependence on foreign oil and so on. All good, yes, but the visions come without much foundation.</p>
<p>When Obama moves on to addressing policies specific to the U.S. economy, he&#8217;s specific about the flaws with existing plans, like privatizing Social Security, and strong about the values and emotions that lead him to oppose it and accent the flaws in such a plan. However, simply labeling Social Security&#8217;s problems as &#8220;real but manageable&#8221; (182) does not make them so, and no concrete solutions to the funding crises that take America&#8217;s demographic bulge into account are provided. If I had to sum up the picture of the world that&#8217;s painted in this book, I&#8217;d say it is fairly realistic. Obama knows that globalization is sweeping through the economy, realigning every economy relationship. His discussions of American founding documents, the media and special interests show he knows that American politics are a mash of glorious ideals, distortion and positional obligations. However, his solutions are less practical than he (or I) might wish. They show a man whose heart and character are worthy but whose policies are comparatively mundane. There are worse things in a president, but it does take a certain audacity to hope for better results without providing a solid foundation for them.</p>
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