Tom Toles by Tom Toles

Tom Toles

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  1. majormarj

    majormarj GoComics PRO Member said, over 1 year ago

    Please everyone: just google these words: Federal spending lowest in decades. Lowest in 60 years. Look it up. Let’s not go by way of Greece or Britain. Obama knows what he’s doing. The government actually shrank last month because of further cuts in the Defense budget; too much of that will further cripple the economy. Had Ronmey had been elected, he would have taken full credit for the Bullish stock market and warned the dire circumstances to the Dow if Obama was elected. Best since before the recession. Thanks, universe and whoever is in charge (the Dems, sorta.)

  2. mickey1339

    mickey1339 GoComics PRO Member said, over 1 year ago

    Oh, the Daily Kos, now that’s an objective non-partisan source. You also misquoted a very important point.
    *
    The article says, “In fact, growth in federal spending is the lowest it’s been since half a decade before Obama was born.” GROWTH in federal spending, not the current excessive amount of federal spending. The bullish stock market is no indicator of economic well being. The federal reserve is pouring billions into the financial markets and inflating the currency with abandon. Wall St. can borrow at cheap rates and turn a profit on short term bond purchases. GDP went negative for the last quarter and unemployment has become structural and is stuck close to 8%. The budget fighting is long from over and the Democrats are looking at raising taxes again. Business is frozen in place until they can determine the real costs of Obamacare. Obviously the Republicans are doing little to remedy the situation themselves, so it looks like a failure in leadership from both the president and congress.
    Obama and the democrats are more concerned with gun control and immigration than they are with budgeting and economic growth. Sorry I can’t generate optimism from your assumption that Obama knows what he’s doing. The main reason we haven’t gone the way of Britain or Greece is we can continue to print money and borrow liberally from our friends the Chinese.

  3. braindead08

    braindead08 GoComics PRO Member said, over 1 year ago

    ^Curbing growth in Fed spending is about the best that can be done for now. If growth of spending dips below growth of GDP, the deficit will shrink.
    -

    Business has been frozen in place well before Obamacare. Job creation has not been strong this century.

    -
    And, although there are other indicators, especially employment numbers, the stock market is certainly an important indicator of economic well being.
    -
    I don’t believe gun control and immigration crowd out economic issues at all, only in the media.
    -
    In one interview, Romney said that you can’t take a trillion out of the economy, that it would be disastrous. I’m guessing that’s what he really thought, but who knows?
    -
    I still think our biggest problem is creating jobs. I don’t know where they come from. Automation and offshoring eliminate whole classes of jobs.

  4. Night-Gaunt49

    Night-Gaunt49 said, over 1 year ago

    Lending those trillions given to the banks for free should be happening in order to create good paying jobs. It isn’t happening. The govt should tell them to start lending it or they will take it back. Charge them heavy interest on that free money to recoup and convince them to do their jobs.

  5. Michael wme

    Michael wme said, over 1 year ago

    This cartoon is about a study just published in the New England Journal of Medicine (NEJM). The authors of the study work for “pharmaceutical companies that make weight-loss drugs. And several others have close ties with Jenny Craig”.


    So the NEJM study is about as reliable as the ones done by the groups involved in the fiscal fight in the Congress.

  6. mickey1339

    mickey1339 GoComics PRO Member said, over 1 year ago

    @braindead08

    “And, although there are other indicators, especially employment numbers, the stock market is certainly an important indicator of economic well being.”


    The stock market used to be an indicator of economic well being because a strong market was an indicator of healthy corporate earnings. This market has been momentum driven and is driven by high frequency traders and the availability of cheap money from the federal reserve. As to unemployment, we need to be steadily adding 250,000 jobs a month just to keep up with population growth. We are in a range of 150,000 to 175,000 a month with a few spikes higher. The unemployment rate has declined because people have given up looking for work and have dropped out of the workforce. Long term structurally unemployed is growing and is not changing steadily enough to be significant. Headline unemployment numbers are constantly adjusted and have not been consistently strong enough to indicate real economic health. With GDP going negative last quarter that is a bad indicator for employment growth. Look beyond the headline numbers and watch the trends, they bear out what I have posted. Bloomberg Business is a good current and historical data source.
    I am no fan of the results of this administration any more than I was of Bush, and I think Romney would have been just another heavy spender. IMO we just keep getting choices of the lesser of evils to vote for.


    http://www.bloomberg.com/markets/economic-calendar/

  7. Doughfoot

    Doughfoot said, over 1 year ago

    NEWS BULLETIN: If per capita federal spending goes DOWN 1% a year, and the population grows 2% a year, GOVERNMENT SPENDING WILL RISE. We always talk about needing a growing economy. If the population rises (it will), and the economy grows (it will), revenue will rise (tax rates remaining constant). If the federal budget grows more slowly than the population and the economy grow, the long-term result will be a shrinking of the national debt.

  8. Bob

    Bob said, over 1 year ago

    http://www.politifact.com/truth-o-meter/statements/2012/may/23/facebook-posts/viral-facebook-post-says-barack-obama-has-lowest-s/

  9. taratus

    taratus said, over 1 year ago

    Excuse me? What is wrong with government spending? Roads, bridges, research, education, medical care, enforcement, justice, military defense. Every dollar the government spends is spent in the economy. Further, government is not motivated in its spending by profit. Unlike business and corporations, it is not tempted to constrain its spending to juice its bottom line. The government spends to build things of value— justice, educated citizens, safe workplaces, infrastructure—whose payoffs are certain but whose dividends are largely discounted or accepted as a given by those who wring their hands with worries about “debt”. Yes, the government also uses debt instruments to facilitate corporate and international finance and to manage the amount of money in private circulation, but this is not a measure of the government’s worthiness or even a failing. The measure of its worthiness is the value of its spending in making us a strong Nation. Other nations look at the United States with envy, and snap up the opportunity to protect the dollars they have in their treasuries by investing it in U.S. debt.

    Find a real problem to worry about. Hey, I know one! Too many Americans are out of work, or homeless, suffering with inadequate health care. Let’s spend to help them. Christ knows, the private sector isn’t. Much of the money they have laying around is currently being sheltered in government debt.

  10. Bruce4671

    Bruce4671 GoComics PRO Member said, over 1 year ago

    @braindead08

    OK biggest problem = job creation.

    YOU don’t know where jobs come from.

    In the private sector jobs come from a demand for a service or product. Someone has to have “capital” to “invest” in infrastructure to “manufacture” that product or to provide that service. Then someone has to “borrow” that “capital” to build that infrastructure and someone has to then hire others to work at producing that product or providing that service. Jobs created. There are many many fields already needed and filled with people working. Health care being one of the largest. Agriculture, transportation, energy production, and entertainment being some others. You can build a “job” tree from each of those to see many other places jobs are “created”.

    In the public sector jobs are created by making laws and regulations. Nothing in the public sector actually produces a tangible product unless you consider education (which I do) and the young geniuses turned out.

    But where does it all start? With the people that have “capital” to “invest”.

    But wait, are we not demonizing the “rich” ? Well, “fair share” and all aside, do we expect that government will then relieve the “rich” from the responsibility to “invest” by taking their “capital” (by taxation) and then create jobs for everyone? Is THAT the plan? Obama makes the noise that that is his vision. (tax the rich, invest in the future, hire more teachers) but how have is other investments turned out? Green energy? Well, yeah. WE need it. BUT not at the cost of our current level of energy production which is just barely able to keep up with demand as it is. And besides, didn’t he say that he expected his policy to make energy costs go up greatly? Didn’t he say that his policy would make it impossible to build new coal plants (our most abundant resource) and haven’t we seen coal plants being shut down? No new jobs there. And doesn’t he refuse to allow a pipeline to be built (some jobs there not being taken) because he is against oil use? And what happened to all the solar power companies he backed? Lost jobs there too.

    His ideas are not wrong, his policy is. He needs to get government out of the way and let “business” do “business”.

    Of course, one must wonder what the heck all those with the capital are thinking. Do they want to continue to make money? Then they need to invest in the people. And look at the wealth that is in the hands of congress. Why?

    I think we the people should really question that as well. After all as Obama’s people ask, how much money does one person really need?

  11. MarshallMccomb

    MarshallMccomb said, over 1 year ago

    @mickey1339

    The bullish stock market is because of corporate EARNINGS, which are doing fine, thanks to off-shoring and automating good-paying jobs and busting unions. The wealthy are prospering like they did in the 1920’s.

    The right-wing mantra about government spending is a feeble attempt to keep us from seeing the way government is revenue starved by historically low income taxes on the wealthy

  12. Bruce4671

    Bruce4671 GoComics PRO Member said, over 1 year ago

    @taratus

    All very good points about government spending. However, one thing that they all have in common is that they only maintain the status quo. (for the most part, all roads and bridges needed are in place the federal tax dollars go for “improvement” and “maintenance” of existing structures) And while every dollar IS spent in the economy, those dollars buy “produce” which comes from the private sector not government. In order to have “growth” something “new” must be created.

    Then there is education and research. Here is where the private sector needs to get off their collective butts and pitch in.

    I read one article about a company making plans to mine asteroids. Now there is an ambitious project. Raw materials just “hanging around” for the taking. So find the children that can design and build the new “infrastructure” to support such an undertaking and EDUCATE" them (yeah, pay for it greedy capitalist pig) and then make BILLIONS from the successful venture.

    I would think that the government would be working hard to do this very thing. Oh wait, we did away with most NASA funding…..LOL

  13. Robert Landers

    Robert Landers said, over 1 year ago

    When you do nothing but call others names you lose all credibility here or any other place for that matter.

    • * * *

    And yes, those ultra liberals that do the same thing are no more credible than you are.

    • * * *

    It is not so much that yours and the other ultra
    conservatives positions are so wrong. It is simply, the totally nasty tone of your posts that those of us that are at least somewhat moderate (whether we lean either to the right or the left) object to.

    • * * *

    So, why not simply state your positions in an intelligent and reasonable manner?

    • * * *

    That way you would not only increase your over all credibility, but at the same time stop emulating our do nothing and equally name calling Congress!

    • * * *

    I could argue the actual points of this discussion, but this post is long enough as it is. So, all I will say, is you have a very good day now!!

  14. Rickapolis

    Rickapolis said, over 1 year ago

    I am the right wing. I demand that you cut spending even though it is as low as it has been in sixty years. I demand that you lower taxes even though they are as low as they have been in sixty years. I demand that we repeal guns laws even though 25,000 Americans a year a victims of gun violence. I demand that we disenfranchise anyone that will not vote for the above demands. I am the right wing.

  15. Bruce4671

    Bruce4671 GoComics PRO Member said, over 1 year ago

    @MarshallMccomb

    Starved? Really? What 2.5 TRILLION dollars isn’t enough? And tell me, just how much juice does the tax on the rich bring? 60 billion, 80 billion a year? Yep, tax the rich, pay off the hurricane sandy relief bill. SUCH a bargain.

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