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Stealth Hunter · 06-11-09, 08:43 AM

Back.

So the next claim on that OpenMarket.com page is about large quantities of money being printed off for the government to buy its own bonds with. I clicked their link, and it took my to a podcast website and an entry by Glenn Reynolds that didn't state that anywhere or give statistics or facts (though it didn't run short on opinions). But most annoyingly of all, it did not cite sources either.

The next one about the national debt level took me to another OpenMarket article that did cite government sources instead of blogs and podcast pages for once. It listed the numbers we're dealing with, and I have no quarrel here. OM was right for once.

The next claim is that massively higher taxes will be an inevitable result of Obama's stimulus plan and the national debt level (and that there had already been a 12% increase). I agree taxes will be raised, but what are we talking about here with the term "massive"? They failed to clarify on that. Still I clicked the link it cited and it took me back to that Glenn Reynolds podcast website page. His claims took me to a USA Today article. While there had indeed been a 12% tax increase, this number stemmed in 2008 under Bush's stimulus plans and resolutions in conjunction with the nation debt level back when things were really bad and were just starting (around October). It had NOTHING to do at all with Obama (his name was not anywhere in it or even hinted at, lol).

And the final one I'll work on for the moment is about the economy shrinking due to the stimulus proposed by Obama "in the long run". I was taken to NPR, a good place to get news IMO, and got an article from the Congressional Budget Office. It did say the economy would shrink, but only by a margin of .02% AT MOST by 2019. The same article, as well, said that it would also help the economy in the short run and long run by creating jobs, and not hinder it (unlike the original claim). Then there was some clarification by the CBO about how they figured up their statistics, but nothing else there was relevant to OpenMarket's gross exaggerations.

06-11-09, 08:43 AM	#3
Stealth Hunter Silent Hunter Join Date: Nov 2006 Location: Y'ha-Nthlei Posts: 4,262 Downloads: 19 Uploads: 0	Back. So the next claim on that OpenMarket.com page is about large quantities of money being printed off for the government to buy its own bonds with. I clicked their link, and it took my to a podcast website and an entry by Glenn Reynolds that didn't state that anywhere or give statistics or facts (though it didn't run short on opinions). But most annoyingly of all, it did not cite sources either. The next one about the national debt level took me to another OpenMarket article that did cite government sources instead of blogs and podcast pages for once. It listed the numbers we're dealing with, and I have no quarrel here. OM was right for once. The next claim is that massively higher taxes will be an inevitable result of Obama's stimulus plan and the national debt level (and that there had already been a 12% increase). I agree taxes will be raised, but what are we talking about here with the term "massive"? They failed to clarify on that. Still I clicked the link it cited and it took me back to that Glenn Reynolds podcast website page. His claims took me to a USA Today article. While there had indeed been a 12% tax increase, this number stemmed in 2008 under Bush's stimulus plans and resolutions in conjunction with the nation debt level back when things were really bad and were just starting (around October). It had NOTHING to do at all with Obama (his name was not anywhere in it or even hinted at, lol). And the final one I'll work on for the moment is about the economy shrinking due to the stimulus proposed by Obama "in the long run". I was taken to NPR, a good place to get news IMO, and got an article from the Congressional Budget Office. It did say the economy would shrink, but only by a margin of .02% AT MOST by 2019. The same article, as well, said that it would also help the economy in the short run and long run by creating jobs, and not hinder it (unlike the original claim). Then there was some clarification by the CBO about how they figured up their statistics, but nothing else there was relevant to OpenMarket's gross exaggerations.