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Factor Panelists Dispute Bill O’Reilly’s Claim That Obama Is Bad For The Economy

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Bill O’Reilly came back from vacation just as President Obama began his– and the inevitable criticism over going on vacation followed. But O’Reilly didn’t mind it; in fact, he argued that getting the President away from the stock market could only help. His panel, however– economist Ben Stein and businessman Wayne Rogers– differed strongly, the former arguing the President was a positive influence on the economy, and the latter denying the President had much influence at all.

O’Reilly prompted the panel asking whether everything he said in the “Talking Points Memo” (mostly, that the President letting the market settle itself without him giving a speech for a few days would be good) was true. “Absolutely not,” piped up Stein, instead offering, “almost every part of it is wrong.” Stein countered that he believed the President to be a positive influence on the economy, agreeing only with O’Reilly’s approval of the vacation, as “he works very hard and deserves a vacation.” Rogers didn’t come to O’Reilly defense, either, but for different reasons: the President, he argued, “is a neutral force– I don’t think he’s much of a force at all.” Rogers’ argument was that any president, not just President Obama, would have trouble influencing the economy, because “the ability to make law is in the Congress’s, not the president’s, hands.

O’Reilly then argued against both of them, making the observation that “every time he goes on television and talks about the economy– the stock market drops 200 to 300 points every time he shows up.” He could barely finish the sentence amid protests from both Stein and Rogers that “that has nothing to do with it,” until O’Reilly shifted gears to the national debt and, subsequently, the taxation issue.

O’Reilly and Stein then sparred for some time on whether taxing millionaires was useful to reduce the deficit, with Stein even arguing that a wealth tax independent of the income tax would be a good solution. He further contended that “there’s no correlation between tax rates on millionaires and the growth of the economy” or between raising taxes and revenue. O’Reilly dismissed these arguments at face value, challenging Stein to explain how there wasn’t a relationship between business owners not having enough money to create more jobs and them having to pay more of that money in taxes.

The segment via Fox News below:

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  • http://twitter.com/Good_Lt Good Lt.

    Ben Stein is also a creationist.

    So whatever praise the liberals will heap on him here for appearing to echo their idiotic ‘economic solutions’ is in fact praise of a creationist.

    Let the pretzel-twisting begin.

  • Richie

    What a surprise. A Faux News anchor blaming the economy on Obama. How about the thousands of points the stock market gained in 2009? I guess that had nothing to do with Obama. Ben Stein and Wayne Rogers are right. The actions of the president are not directly proportional to the ups and downs of the stock market. But, that would be counter to the anti-Obama ethos that dominates Fixed News. 

  • Tony the Fist

    Wow, Fox is getting some characters lately. Ben Stein on O’Reilly, Jerry Springer on Hannity…
    I love Ben Stein, but I doubt, though, the sentiment that the POTUS has no effect on the economy. Argue for positive, argue for negative, but nothing?

  • TruDat

    I watched that and O’Reilly got eaten alive, I’ve got to say.

  • Hugo Daun

    I understand that it’s difficult for folks with cognitive challenges such as yourself to understand… but it’s possible to agree with one’s point of view on a particular topic without agreeing with that same person’s ideas on other topics.

    It will likely surprise you, but lots of otherwise reasonable people embrace mythology…this singular weakness does not necessarily impugn their rational ideas.

  • Michelle

    I can see why you would say that, but I think the average viewer was shaking their head like BILLO was, while Stein tried to explain why Obama isn’t bad for the economy when there are record deficits, a down-grade and high unemployment. 

  • Anonymous

    Well government doesn’t create jobs right Shelly? So lets chalk that unemployment up to the “job creators”….

  • TruDat

    It was Wayne Rogers’ comments that caught my attention.  He’s generally an intelligent guy with a conservative edge, and he pretty much disagreed with O’Reilly, who didn’t help himself by talking over everyone.

  • http://twitter.com/Good_Lt Good Lt.

    So if people embrace capitalism over socialism, believe in evolution, are atheists and are educated beyond college – and are tea party supporters – then they’re reasonable people. Nice to know.

    Cause that makes smearing swaths of the population as racist neanderthal rednecks becuase they disagree with many policies of the administration a little harder for you, doesn’t it?

  • http://twitter.com/Good_Lt Good Lt.

    Government doesn’t create jobs.

    It can only stand in the way of creating them. And it does. Well.

  • Michelle

    So you are blaming job creators for not hiring, but not blaming Obama for creating an environment that makes them weary to hire?  Got it!

  • Anonymous

    Yeah, Barry has had zero affect on the economy.

    From the liberal LA Times:

    New national debt data: It’s growing about $3 million a minute, even during his vacation
    August 23, 2011 |  5:32 am
     
    Updated numbers for the national debt are just out: It’s now $14,639,000,000,000.
    When Barack Obama took the oath of office twice on Jan. 20, 2009, CBS’ amazing number cruncher Mark Knoller reports, the national debt was $10,626,000,000,000.
    That means the debt that our federal government owes a whole lot of somebodies including China has increased $4,247,000,000,000 in just 945 days. That’s the fastest increase under any president ever.”

  • http://pulse.yahoo.com/_RSLEVQBMJKCHPALYRG4FM2LFPQ Chuck

    O’Reilly is all about messaging, these analysts are more concerned with the market forces.  Both sides were right.  A President has little direct impact on short term market fluctuations but at the same time a President coming out and saying something stupid or panicky can have a drastic effect.   Bush was derided for saying after 9/11 that Americans should go out and shop but he was right to say that and he was saying it for (at least) two obvious reasons:  The economy nearly ground to a halt for a time and the best stimulus was people going out and spending money.  The second was just as important, that people needed to not live in fear and hide out in their homes – go out and live your life, don’t let the terrorists shut you down.    Obama threatening to regulate small businesses out of existence doesn’t help the economy and does in fact harm it – how much is arguable, but to say he has no effect or has had a positive effect is ludicrous.

  • Anonymous

    The “job creators” have gotten everything they’ve wanted out of this government and continue to do nothing but outsource and lay off employees while rolling in massive profits.

    Blame the idiot for the deficits and halfway for the downgrade but to try to put the high unemployment numbers on his back just proves the point of you Baggers being nothing but shills for the rich….I mean “job creators” sorry.

  • Anonymous

    The “job creators” have gotten everything they’ve wanted out of this government and continue to do nothing but outsource and lay off employees while rolling in massive profits.

    Blame the idiot for the deficits and halfway for the downgrade but to try to put the high unemployment numbers on his back just proves the point of you Baggers being nothing but shills for the rich….I mean “job creators” sorry.

  • http://pulse.yahoo.com/_J7A4WQXTWWIGLHCGKEK67CJWKA Janet

    Ben, you are welcome to give everything you have to the government, and Wayne, keep kissing Obama’s butt…You’re both idiots….

  • Anonymous

    By extending the Bush tax cuts and then refusing to raise them during deficit talks is standing in the way of creating jobs?

    From what I’ve seen these corporations are taking in massive profits all the while refusing to hire.

    But hell that must be the “liberal media” lying to me to make the “job creators” look bad huh?

  • http://twitter.com/Good_Lt Good Lt.

    I know!

    Let’s raise taxes!

    Surely, that will encourage job creation and private sector growth.

  • Anonymous

    Extending the Bush rates for the rich costs $60 billion a year; extending the payroll tax cuts cost $120 billion a year. You can’t have it both ways.

  • Michelle

    I get that.  My problem is when Bush was President, Liberals blamed him for absolutely everything, including the weather, but under Obama, the President has no control over the same exact problems.  They can’t have it both ways. 

  • Herbabeast

    Stein’s words are shocking! I’ve never know him to say anything reasonable or fair about liberals or Democrats. One can only hope this is a harbinger of a A Huffington type conversion to reason and reality!

  • Anonymous

    Yeah, Huffington is so reasoned and brilliant that she couldn’t even figure out her husband was gay!

  • http://www.facebook.com/profile.php?id=1431811538 Josh Kim

    These are men who know a heck of a lot more about business and the economy than you.

  • TruDat

    That’s a 10-4 regarding the double standard.  Like Herman Cain said, the libs love them some double standard.

  • http://www.facebook.com/profile.php?id=1431811538 Josh Kim

    Ben Stein did say that the President had a positive effect on the economy. Weren’t you even listening?

  • Hugo Daun

    So if people embrace capitalism over socialism, believe in evolution,
    are atheists and are educated beyond college – and are tea party
    supporters – then they’re reasonable people. Nice to know.

    Clearly your cognitive challenges include reading comprehension difficulties.

    But, lucky for you, I’m here to help!

    Start here: http://www.toonuniversity.com/quiz.asp?quizzes_key=260

    And make sure to keep us all informed of your continuing adventures into the wonderful world of literacy!

  • Hugo Daun

    So if people embrace capitalism over socialism, believe in evolution,
    are atheists and are educated beyond college – and are tea party
    supporters – then they’re reasonable people. Nice to know.

    Clearly your cognitive challenges include reading comprehension difficulties.

    But, lucky for you…I’m here to help!

    Start here: http://www.toonuniversity.com/quiz.asp?quizzes_key=260

    And make sure to keep us all informed of your continuing adventures into the wonderful world of literacy!

  • http://profiles.yahoo.com/u/SHB34OZRYSTZYDFMDJEFO5335A hong k

    Really? Obama said he wants to “regulate small businesses out of existence”? when where?

  • Anonymous

    Yeah, Larry Sommers sure did, didn’t he? So did Christina Romer? And Peter Orszag and Tin Geithner?

    They knew a lot too!

  • Anonymous

    Tell me what positive affect he has had?

  • http://profiles.yahoo.com/u/SHB34OZRYSTZYDFMDJEFO5335A hong k

    As much as you’d all like to blame Obama for this economy keep one thing in mind. As President you can’t create just snap your fingers and create jobs. If he was a card carrying tea bagger, he still couldnt create 1 job.
    The only thing a President can do is try to persuade Congress to enact laws that create or encourage job creation. And hey, THIS Congress isnt interested in that. Theyre only interested in more tax cuts for the rich, and driving this economy further off a cliff…….

  • Anonymous

    Wow- talk about an ignorant comment. The Dems controlled both Houses from 1/2007-12/31/2010 and the executive branch from 1/20/2009 . Yeah, ya sure can’t accomplish anything with that type of control can ya?

    But Obama has accomplished a number of things:

    Record # on welfare
    Record # living in poverty
    Record # of foreclosures
    Record debt
    Record loss in housing values


    New national debt data: It’s growing about $3 million a minute, even during his vacation
    August 23, 2011 |  5:32 am
     
    Updated numbers for the national debt are just out: It’s now $14,639,000,000,000.
    When Barack Obama took the oath of office twice on Jan. 20, 2009, CBS’ amazing number cruncher Mark Knoller reports, the national debt was $10,626,000,000,000.
    “That means the debt that our federal government owes a whole lot of somebodies including China has increased $4,247,000,000,000 in just 945 days. That’s the fastest increase under any president ever.”

    9.1% unemployment

    He has accomplished those!

  • http://pulse.yahoo.com/_RSLEVQBMJKCHPALYRG4FM2LFPQ Chuck

    Many small busineses gross over $200k yet barely survive, their owners making only a modest salary so they can afford to hire one or more employees.  Raising their taxes and piling on regulations increases their costs and restricts their ability to operate at a survivable profit.  Do some research on challenges to small businesses, where I am in California there’s no shortage of horror stories about small businesses having to go out of business not because of the new Wal Mart down the street but because some government agency has hit them with new expenses or fines for things that were fine for years but now all of a sudden some moron decides is undesired and must be changed, or they just want more money so they raise taxes.

  • Anonymous

    Actuall can add about $1.5 trillion to Bushs deficit because we were under Bushs budget for the first year of Obama’s presidency

  • Darladoon

    yes, but can you explain how obama is personally responsible for that?

    oh, yes, i know now:  he extended the bush tax cuts AND included the largest
    tax cut in history with the stimulus package.

  • Darladoon

    bingo….

    and tax rates are PLENTY low to be able to create jobs……..so……where are the jobs?

    obama also gave out the largest tax cut in HISTORY with the stimulus….

  • Just some Blow Hard…

    where was your anger under the Reagan, Bush 41, and Bush 43 presidencies?  As I have stated and the facts back me up on this.  In the last 40 years, Governments growth of debt and expansion have only occurred under Republican presidents.  Now I am not defending Obama, as he has as well, but thats a 3:1 ratio you got going on.  Why do you support a party that does increase debt and grows government?

  • Darladoon

    sure you can have it both ways

  • Darladoon

    you’re the only bitching about the deficit…..

  • Just some Blow Hard…

    GM and Goldmann Sachs are making a profit.

  • Anonymous

    Bill was gasping for air on one hand he stated that taxing millionaires wouldn’t create very much revenue then stated they shouldn’t take that money from millionaires because it would harm job creation. He’s was towing the company line but was out classed on this point.

  • Just some Blow Hard…

    Stone, closing tax loop holes for corporations save 780 billion in ten years.

  • Just some Blow Hard…

    so why are you mad at Obama for doing the things Bush did?

  • Darladoon

    bush wasn’t blamed for market forces

    he was blamed for:

    1.  signing two extraordinary tax breaks into law

    2.  unnecessarily invading two different hostile countries

  • Just some Blow Hard…

    so explain 2001-2006

  • Darladoon

    and even if you agree it’s a double standard, then you are de facto agreeing 
    that bush destroyed the country.  

  • Darladoon

    % of businesses who gross over 200,000/year:  5%

    that means 95% of businesses aren’t included in your figure…

  • Anonymous

    They sounded pretty smart last night

  • Anonymous

    You do know that ball was rolling about a year BEFORE Obama got into office right? By the time Obama got into office that snowball was HUGE. His stimulus plan didn’t work as well as he would have hoped, but it was the Tea party that is sending us into the second recession by not getting a deal done on the debt limit. People got scarred when the dead line was approaching and they were the party of NO. and take $1.5 trillion off Obama’s debt and put it on Bush because that was Bush’s last budget!

  • Darladoon

    you have to remember they suddenly became non-republicans on january 20, 2009

  • Anonymous

    Oh to be black and a complete loser in Obama’s amerika.

    Obama gets a pass simply because he is black from the left…..that’s racist as the day is long.

  • http://twitter.com/Good_Lt Good Lt.

    I’m glad you agree that the tea party is rational.

    See? That wasn’t so hard, was it?

  • Anonymous

    Just out of curiosity, who do you tell all those teachers, police officers, firefighters, construction workers on government projects created their jobs for them?

  • Just some Blow Hard…

    He did deregulate the markets, but to be fair, so did Clinton.

  • Dr. Phil

    O’Reilly is an idiot… he should have had Rick Santelli to school Stein, Rogers and YES even O’Reilly would have learned how to make the case… not with feelings, but with hard fact… Why programs won’t interview Rick about the economy is beyond me… specially those so called conservatives.

  • Anonymous

    Though I’m not disagreeing with you, but the double standard is a two way street here.  After all, aren’t you blaming Obama for everything, but getting upset that Bush got blamed for the same things?

  • Uscaoh

    This reminds me of a recent bit on the Colbert Report where Stephen Colbert pointed out that Hitler was a vegetarian. Therefore, hippies who are vegetarians must also be Nazis who are for exterminating the Jews. Obviously, if you agree with any individual point of view of a person, you obviously agree with every point of view that they espouse.

  • http://www.facebook.com/profile.php?id=1431811538 Josh Kim

    I was merely making sure Tony the First knew what Ben Stein said. You and Tony absolutely suck at reading comprehension, and I didn’t even write that much.

  • Uscaoh

    Yes! Because correlation = causation without any evidence to back up the claim he was responsible! Perfect logic! Likewise, my neighbor’s cat had kittens in Jan of 2009 and so we can blame her as well for the rising debt since then (as opposed to, I don’t know, other pre-existing economic conditions responsible for a recession or the multiple wars we’re involved in). I’ve asked my neighbor to get their cat spayed so as not to spur another economic setback.

  • http://pulse.yahoo.com/_RSLEVQBMJKCHPALYRG4FM2LFPQ Chuck

    Depends how (and how honestly) you look at it.  Most small businesses are owned by persons having an income much less than $200k, but the business itself grosses over $200k and because the business files taxes as an individual it is an individual making over $200k, so would be taxed.  

  • Anonymous

    Ahhhhh, was their debt 100% of GNP or deficit over 10% GDP??

    No

  • Anonymous

    You take too many words to say nothing!

  • Anonymous

    Pretty dang good video that people should take a look at, a response to the MoveOn.org “Jobs Not Cuts” video: http://www.youtube.com/watch?v=b0q8CXuo-3I

  • Anonymous

    Wrong! The first 9 months child, and the deficit has gone up in 2010 and 2011.

    Try again!

  • Anonymous

    LOL

    Government to lose $14 billion of auto bailout funds

    Published: Wednesday, June 01, 2011, 12:44 PM  

    GS received TARP money which was passed by BUSH!

  • Uscaoh

    meow. woof woof.

  • Anonymous

    Ahhhh, poor libby child is hurt. Go back to your coma you ignorant child.

  • Anonymous

    2001 -2006?

    Unemployment?

    Dec 2001: 3.7%
    Dec 2002: 5.4%
    Dec 2003: 5.7%
    Dec 2004: 5.1%
    Dec 2005: 5.1%
    Dec 2006: 4.6%

  • Anonymous

    How can you start Obama’s debt the day Bush left office? And you’re not counting the off budget debt Bush ran up with the wars.

  • Anonymous

    you guys start with % of this then it goes to $ ammount you are just playing with the numbers when you do that. Then it’s we had a dem congress or when we had a republican congress it was a dem president anything to shift the blame.

  • Anonymous

    you use meaningless % to say even less

  • Just some Blow Hard…
  • Just some Blow Hard…

    I just said GM was profitable

    http://www.reuters.com/article/2011/08/04/us-gm-idUSTRE7730JW20110804

    Also TARP was extended by Obama, but if you wish to continue the blame of today’s economy to Bush I won’t stop you.

  • Just some Blow Hard…

    By the way, how much money did we get back from TARP under Bush?

  • Anonymous

    no they are blaming the republicans for saying tax cuts create jobs then the “job creators” don’t hire.
    Thats the other thing that has been done to make corperations seem more personable the tea pee’rs have started calling them “job creators” how nice of them

  • Anonymous

    Ahhhhhhhh- every president assumes the priors legacy or is Obama sacred? You guys gave Nixon Vietnam.

    And Bush’s off-budget was carried in his debt and Barry is just $400 billion of Bush’s 8 years of debt in just 2.5 years!

  • Anonymous

    Poor Don- always a loser, eh?

  • Anonymous

    Finally you are succinct!

  • Anonymous

    just don’t make shit up and start posting sheesh bring facts and links

  • Anonymous

    so was Tom Mulky, John Krisphal, Barry Hart and Neil Patrick so what?

  • Anonymous

    so was Tom Mulky, John Krisphal, Barry Hart and Neil Patrick so what?

  • Anonymous

    FORD more profitable than GM and took no money- Auto bailouts cost $14 billion and Obama VOTED FOR TARP!

  • Anonymous

    So we can now blame Jimmy Carter for Reagan’s recession? Thanks for clearing that up.

  • Irish189

    I was watching this segment and frankly the most annoying thing is the Bill just wouldn’t let people finish making their points, most broadcasters do this but he is exceptionally annoying with it

    Let these guys make their points, THEN counter or agree, why is that so hard?

  • Anonymous

    Obama has stated the business is the enemy. You can look it up.

  • Anonymous
  • Just some Blow Hard…
  • Just some Blow Hard…

    That’s from the heritage foundation. Not exactly what we would call non biased…

  • Anonymous

    Ending the payroll tax cut saves 1.2 trillion over ten years.

  • Anonymous

    You forgot this:

    Obama Presides Over Most Jobs Lost Since 1940

    By Julia A. SeymourBusiness & Media Institute1/8/2010 11:03:00 AM

    Unemployment shot up in 2009 from 7.7 percent in January to 10.1 percent in October before settling at 10 percent in December. Behind those percentages were more than 4.1 million people who lost their jobs during the year. According to data from the Bureau of Labor Statistics, that’s the most job losses in a year since 1940. (BLS could only provide data from 1940-2009)

    BLS- Barry’s own labor dept. figures.

    Obama to date has a net job loss of  3.2 million jobs.

  • Anonymous

    Dispute Heritages figures. They are CBO figures- Oh, that’s right- the CBO is a right wing group!

    LMAO

  • Anonymous

    Try his $800 billion bogus Stimulus bill.

  • Just some Blow Hard…

    you have a link for that?

  • Tony the Fist

    I did listen. I watched the entire segment. He said that it was positive to neutral. The other bloke said neutral. That means nothing. I don’t need your help.

  • Just some Blow Hard…

    so why did you use a Heritage’s link? Could you noit find the hard data?

    I thought the CBO was a left wing group? Especially when it forecast a lowering of the deficit under Obamacare.

  • Anonymous

    LOL

    Thanks for that!

    It shows Barry blew the debt and the deficit out of the water!

    LOL

  • Just some Blow Hard…

    Built on the back of an already blown deficit. It also showed who came in 2,3,4. Bush, Reagan, Bush. So why do you vote republican again?

  • Just some Blow Hard…

    Built on the back of an already blown deficit. It also showed who came in 2,3,4. Bush, Reagan, Bush. So why do you vote republican again?

  • Anonymous

    Dispute the CBO figures Heritage uses- I’ll wait!

  • Anonymous

    your figures comparing Bush and Obama debt are way off 400b apart  you are wrong

  • Anonymous

    I believe YOU are the loser

  • Anonymous

    I think the average viewer lost some confidence in Bill as he was outclassed on this, I know I did

  • Anonymous

    how about you posting a link since it was your statement

  • Just some Blow Hard…

    link them, hard data, and I will try or yield.

  • Anonymous

    You can blame it on whom ever you want. Go ahead if it will chear you up.

  • Anonymous

    OK you just showed more of your stupidity

  • Rio

    The dems refused to present the FY 2009 budget to Bush, it was held over until Obama took office and it was Obama that signed it into law.  One huge omnibus bill that had over 8000 earmarks and increases across the board.  So, Obama gets that one chalked up in his column.

  • Anonymous

    So Rio you are telling me that Bush’s budget only spent money untill jan 20 2009? You my dear sir are an idiot

  • http://pulse.yahoo.com/_J6K37DAH5SHYQQ5Y77FKNJYFBM Rodolfo V.

    Bill O’Reilly should be the first scheduled for a Rectal Encephalectomy as his head has been in the FOX-hole way too long! O’Reilly’s constant lying and badgering and goading into arguments speaks ill of those who give him credence or audience. Taxing the wealthy should first be along these lines. One idea to add solvency or extend Social Security is: First, raise the cap on income subject to FICA taxes from $106,800.0­0 to $190,000.0­0 as proposed by AARP in their current issue. They suggest this would close 31 percent of the gap. Workers who normally paid 6.2 percent had that reduced to 4.2 percent by the last Congress. The TEA party would raise that percentage back to 6.2 Percent under their proposal currently in the House. Employers now pay 6.2 percent towards FICA and if that were increased 0.1 percent to 6.3 percent additional easing on the gap would occur. By raising the cap in the first item to $250,000.0­0 and leaving the tax rates as they are now, would further ease the gap in tax revenues and spread the pain across more of the earnings of more Americans. The Republicans have, in the past, fought this issue for the well-to-do as they wouldn’t need Social Security in retirement. Yet these well-to-do would still draw from the “Social Security Well” even though they didn’t need to and didn’t add to it proportionally! Further the Republicans capped the monies on earned wages and not on all sources of income, further allocating the brunt of revenue source generation onto the middle class and working poor! If you think this would help to fix this problem or at least ease it, may I suggest you write and call your Representative and Senator in your home district and in Washington and make your voices heard! E-mails and written letters will be appreciated as well!

  • Anonymous

    Any rational mind that hasen’t been destroyed and reconfigured into a mindless progbot can see Obama is bad for the economy. Obama took a bad economy and with the help of the Dem controled house and senate, made it worse beyond inmagin. I must admit, Obama’s need to fail… his URGE to fail is quite amazing.

    That or Obama is a low rent Bond villain and destroying the economy is part of his evil plain. You never know.

  • Anonymous

    You should teach a course in logical fallacies.Tell me if this makes sense.A car mechanic always rides his bike to work therefore people who get his opinion on car problems must also rides bikes to their work.

  • Anonymous

    It’s called a fallacy and BillO is king of it.

  • Anonymous

    Show specifically where Obama made the economy worse?
    Is there ANY metric where the economy is worse than the month when he got elected? Any at all?

  • Anonymous

    O’R is bad. He has a counterpart on MSNBC. That is Chris Matthews. Neither one of them can let anyone else complete a sentence, even when the other is agreeing with him.

  • Anonymous

    Stein has a Ph.D. in economics and is a wealthy investor. O’Reilly’s money all comes from his mouth as a pundit.

  • Anonymous

    I don’t always agree with Stein, but he is fair and credible. He is probably always going to vote moderate Republican, but he knows when a Democrat is right.

  • Anonymous

    And that matters how?

  • Anonymous

    Brilliant observation. Now explain in detail, please. What economic theory do you base your analysis on, and be sure to give as many references as necessary. 

  • Anonymous

    The infamy of 9/11 did not cause a market disaster as Bin Laden hoped it would. We had been riding high just before 9/11 and the economy did take a down-turn, but that was a couple of months after 9/11, and we didn’t lose even one day of normal business activity as a result of financial disruption on 9/11.

  • Anonymous

    You look it up!

  • Anonymous

    You look it up!

  • Anonymous

    Simple business finance:

    Business A grosses one million dollars. That is the total income from all activities. Business A has $900,000 dollars in expenses, including wages and salaries, purchases of raw materials (manufacturing) or inventory (retail) and a multitude of other things like utilities, maintenance, insurance, the list goes on and on. Net income AKA profit is $100,000. That is well below the $250K level, and if there is a single owner, he probably only takes $80K as his “pay-to-self.” Now, his business has made only $20K taxable, and he has made $80K taxable.

    In no case does the business or the owner come close to $250K after expenses, even though the business grossed $1 million. That is a typical “small business.” A few such Million Dollar Businesses may net $200K, but they are rare. Very rare. Those are the essential statistics that Republicans hide from you.

  • Anonymous

    A thoughtless repetition of dogma.
    A No Brainer because only people with no brain believe it. Ste how we got OUT of the depression. Some say it was the government ordered production of tanks, planes, and ships for WW II. Others say the recovery started before that, but after Roosevelt got his “socialist” strategies working. Harding, Coolidge, and Hoover led us into the Great Depression, and it stuck around for all of Hoover’s administration.

    Upon accepting the Republican nomination for President in
    1928, Herbert Hoover predicted that “We in America today are nearer to the final triumph
    over poverty than ever before in the history of any land. The poorhouse is vanishing from
    among us.” Hoover won the presidency that year, but his time in office belied his optimistic
    assertion. http://millercenter.org/president/hoover

    The quote is from a non-biased biography.

  • Billanderson_9

    Where

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