Eliot Spitzer contends Obama's stimulus is clearly working,republicans austerity plans a fail
"Viewpoint" host Eliot Spitzer argues that while the economy's recovery has been slow, Obama's stimulus is clearly working, and that the effects of austerity measures in Europe are proof that drastically cutting spending doesn't work. "Unless you want to be like Spain, with 23 percent unemployment, or Greece, wtih 21 percent unemployment, maybe we should stick with what has worked: government stimulus and Barack Obama," Spitzer says. http://current.com/shows/viewpoint/
Loading the player ...
Added: Apr-20-2012 Occurred On: Apr-20-2012
By: highsociety
In: Politics
Tags: Eliot, Spitzer, contends, Obama's, stimulus, is, clearly, working, republicans, fail, austerity, obama, stimulus, democrat, politics, conservative, liberal
Marked as: approved
Views: 1037 | Comments: 20 | Votes: 0 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
By: highsociety
In: Politics
Tags: Eliot, Spitzer, contends, Obama's, stimulus, is, clearly, working, republicans, fail, austerity, obama, stimulus, democrat, politics, conservative, liberal
Marked as: approved
Views: 1037 | Comments: 20 | Votes: 0 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
You need to be registered in order to add comments! Register HERE
Advertisement below
|
|
| Liveleak on Facebook | |
|
LIKE Liveleak.com |
Items
-
Fossil hailed as Man's ancestor is 'not even close relative'
-
Why Obama's Stimulus Failed: A Case Study of Silver Spring, Maryland
-
LOUIS FARRAKHAN - "The U.S Dollar Is Worthless"
-
Hooker-plagued former Gov. Eliot Spitzer, host of new CNN talk show, should not be advising America
-
$325K From Obama’s Stimulus Went to the Univ. of Florida to Study how the Environment Affects the Mating Decision of Female Cactus-Bugs
-
Iowa Radio Host Calls Out Chris Matthews: ‘You’re Clearly Working for the Re-Election of Barack Obama’
-
Gingrich: Obama's Failure Is Extending the Recession
-
The Bushmaster ACR Bushmaster’s ACR is a transformative firearm.
-
Who's Line is it Hoedown: Backstreet Boys
-
ABC News: Obama's Failure is Good for Chicago
-
The Chart That Shows Just How Wrong Obama’s Stimulus Projections Were
Advertisers
No greece and spain are what happens when you spend so much no one is willing to lend unless you cut spending a ton... no cuts .. no loan. Frankly they should have let em both fall.
Posted Apr-20-2012 Bywintermane (22.60) wintermane View Channel Send Message
(2)
I still don't understand how this is Obama's stimulus... There were TWO presidents involved in the stimulus and they share nearly equal credit/blame for them...
March 2008: Bush stimulus $29 billion for Bear Stearns/JP Morgan Chase
May 2008: Bush stimulus $178 billion in tax rebate checks
July 2008: Bush stimulus $300 billion for distressed homeowners
July 2008: Bush stimulus $200 billion for Fannie Mae and Freddie Mac
September 2008: Bush stimulus $50 billion to guarantee money market funds
S More..
Posted Apr-20-2012 ByScrubby001 (118.40) 
Scrubby001 View Channel Send Message
(2)
Austerity basically leads to short to medium-term economic recession...hard to see how its politically plausible within the US system, unless you had a massive Republican victory
In the UK, our Chancellor is actually able to do his job without asking 'permission' from a House of Reps ever 5 mins...and can do the necessary
Posted Apr-20-2012 ByElegantDecline (2129.68) 
ElegantDecline View Channel Send Message
(1)
Austerity in Europe usually involves raising taxes. Here in the US, our version of austerity would include cutting taxes.
Posted Apr-20-2012 Bymixer (25.50) 
mixer View Channel Send Message
(1)
Actually, Greece's inability to pay off their own debt is the issue. Every country has debt, but they failed to deal with it at all. Their currency couldn't stay in line with the euro, hence their adoption of the euro. Their slashing of the country's debt and imposing so many rigorous cuts in a country that doesn't have much of an industry just made things worse. If the country in whole isn't making money, then imposing cuts and raising taxes won't improve the situation, which is what Greece did More..
Posted Apr-20-2012 Byseangail (98.14) seangail View Channel Send Message
(1)
Keep building an economic engine then pay off the debt ...."later"?,.is that what he just said?,.
this guy is off his frocking rocker,.
Posted Apr-20-2012 BySharkGuy (1492.80) SharkGuy View Channel Send Message
(1)
Republicans choose to forget that the first stimulus was given by G.W. Bush before Obama. Why would Bush give stimulus package if the economy was fine before Obama took office? Because they make shit up.
Hannity and Rushblow are soo full of shit.
Posted Apr-20-2012 Bysinister283 (110.24) sinister283 View Channel Send Message
(1)
Though in this petty nonsensical rhetoric about 'being like Europe,' he did score a point.
Posted Apr-20-2012 Bymixer (25.50) 
mixer View Channel Send Message
(0)
He should stick to banging prostitutes. How freaking stupid can this man be?
Spain and Greece are in trouble because of DEBT and out of control SPENDING you moron!!!
Posted Apr-20-2012 ByWE ARE POWER (3484.36) 
WE ARE POWER View Channel Send Message
(-1)
@WE ARE POWER
yes and no. they need their own currency to devalue relative to the euro because the euro is just too strong for their economies.
Posted Apr-20-2012 Bymixer (25.50) 
mixer View Channel Send Message
(0)
@WE ARE POWER
yes and no. Greece isn't generating any income. They borrowed money from the EU and the IMF to pay off the debt. They never had anything to overspend. They weren't able to pay off the debt incurred from receiving money from the EU and the IMF. Greece needs to create a way to generate money and cutting back and taxing isn't the answer. You can't can't get blood from a turnip.
Posted Apr-20-2012 Byseangail (98.14) seangail View Channel Send Message
(1)
@seangail
the debt came from social spending. Their economy can't grow or add new jobs because of regulations and high taxes.
Posted Apr-20-2012 ByWE ARE POWER (3484.36) 
WE ARE POWER View Channel Send Message
(-1)
@WE ARE POWER
Their debt arose from the money they borrowed/were given from the EU and the IMF. You can't spend socially if you can't generate any money within your country and the money you borrow or are given is used to pay off debt.
Posted Apr-21-2012 Byseangail (98.14) seangail View Channel Send Message
(0)
@seangail
when you "borrow" money that's called "DEBT".
High taxes and punitive regulations make job creation nearly impossible.
Posted Apr-22-2012 ByWE ARE POWER (3484.36) 
WE ARE POWER View Channel Send Message
(1)
Idiot.
Posted Apr-20-2012 Bymikeoxlong82000 (20.10) 
mikeoxlong82000 View Channel Send Message
(-1)
Hey Eliot, when are you gonna dry up and blow away?
Posted Apr-21-2012 ByJohn Coleman (192.70) 
John Coleman View Channel Send Message
(-1)