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In your expert opinion…

brian_eggleston
Posts: 3,347
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7/28/2011 4:02:56 AM
Posted: 5 years ago
I'm not showing off (well I am but it can't be helped), but I am a member of a panel of "opinion-forming" professionals who work in the City of London (the financial district) and we are regularly asked our opinions on the big issue of the day, the results of which are published in CityAM newspaper and on PoliticsHome.Com.

Here is the questionnaire I received this morning:

"As a member of the PoliticsHome/CityAM Voice of the City panel, we wanted to get your expert opinion on issues relating to the battle between Barack Obama and House Republicans on dealing with the United States' debt.

THE BLAME GAME

Who do you blame more for the difficulty in coming to an agreement during the US debt talks in Washington DC?

Barack Obama
Republicans in Congress
Barack Obama and Republicans in Congress equally
Don't know

DAMAGE TO AMERICA'S REPUTATION

How much damage has the political row around US debt done to America's international reputation as a financially responsible economy?

Severely damaged
Quite severely damaged
Slightly damaged
Not at all damaged
Don't know

THREAT TO THE WORLD ECONOMY

How much of a threat does the US debt crisis pose to the world economy?

A severe threat
A quite severe threat
A small threat
No threat
Don't know

CUTS VS TAX RISES

What combination of spending cuts and tax rises do you believe should be used to tackle America's budget deficit?

Only tax rises
Mainly tax rises, but also spending cuts
Mainly spending cuts, but also tax rises
Only spending cuts
Don't know

ECONOMIC PROSPECTS AHEAD OF THE ELECTION

Which of the following do you expect will best describe the economic prospects for the United States between now and the Presidential Election in November 2012?

The US economic situation improve dramatically
The US economic situation will improve slightly
The US economic situation will be unchanged
The US economic situation will deteriorate slightly
The US economic situation will deteriorate dramatically
Don't know"

There is then a box for free-format comments.

How would you reply to that survey?
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PARADIGM_L0ST
Posts: 6,958
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7/28/2011 9:13:44 AM
Posted: 5 years ago
Who do you blame more for the difficulty in coming to an agreement during the US debt talks in Washington DC?

Barack Obama
Republicans in Congress
Barack Obama and Republicans in Congress equally
Don't know



DAMAGE TO AMERICA'S REPUTATION

How much damage has the political row around US debt done to America's international reputation as a financially responsible economy?

Severely damaged
Quite severely damaged
Slightly damaged
Not at all damaged
Don't know



THREAT TO THE WORLD ECONOMY

How much of a threat does the US debt crisis pose to the world economy?

A severe threat
A quite severe threat
A small threat
No threat
Don't know



CUTS VS TAX RISES

What combination of spending cuts and tax rises do you believe should be used to tackle America's budget deficit?

Only tax rises
Mainly tax rises, but also spending cuts
Mainly spending cuts, but also tax rises
Only spending cuts
Don't know



ECONOMIC PROSPECTS AHEAD OF THE ELECTION

Which of the following do you expect will best describe the economic prospects for the United States between now and the Presidential Election in November 2012?

The US economic situation improve dramatically
The US economic situation will improve slightly
The US economic situation will be unchanged
The US economic situation will deteriorate slightly
The US economic situation will deteriorate dramatically
Don't know"
"Have you ever considered suicide? If not, please do." -- Mouthwash (to Inferno)
Ore_Ele
Posts: 25,980
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7/28/2011 10:26:41 AM
Posted: 5 years ago
At 7/28/2011 4:02:56 AM, brian_eggleston wrote:
I'm not showing off (well I am but it can't be helped), but I am a member of a panel of "opinion-forming" professionals who work in the City of London (the financial district) and we are regularly asked our opinions on the big issue of the day, the results of which are published in CityAM newspaper and on PoliticsHome.Com.

Here is the questionnaire I received this morning:

"As a member of the PoliticsHome/CityAM Voice of the City panel, we wanted to get your expert opinion on issues relating to the battle between Barack Obama and House Republicans on dealing with the United States' debt.

THE BLAME GAME

Who do you blame more for the difficulty in coming to an agreement during the US debt talks in Washington DC?

Barack Obama
Republicans in Congress
Barack Obama and Republicans in Congress equally
Don't know


Mostly the republicans but also Obama. This is because the Republicans are betting that Obama will cave and give in (this places the blaim for a lack of comprimise on them). However, the reason that they think this is because Obama has always tried to show himself off as a negotiater and someone that is not only willing to give in, but wants to give in in order to say that he is working with the republicans.



DAMAGE TO AMERICA'S REPUTATION

How much damage has the political row around US debt done to America's international reputation as a financially responsible economy?

Severely damaged
Quite severely damaged
Slightly damaged
Not at all damaged
Don't know


It's hard for an american to answer a question about our international reputation. By definition, the international reputation is how others think of us outside the US. I don't really know how much other nations are even talking about this issue. But it should be fair enough warning, that Obama will give the republicans everything they want in order to not let this happen, so there is pretty much no chance we will default. The only question is when he will give in.


THREAT TO THE WORLD ECONOMY

How much of a threat does the US debt crisis pose to the world economy?

A severe threat
A quite severe threat
A small threat
No threat
Don't know


A Small threat. We will not default, so there is no risk in that. However, there will be major cuts in spending, so that means less spending in foriegn economies, so less money going into their economies, and so they will see some kind of hit.



CUTS VS TAX RISES

What combination of spending cuts and tax rises do you believe should be used to tackle America's budget deficit?

Only tax rises
Mainly tax rises, but also spending cuts
Mainly spending cuts, but also tax rises
Only spending cuts
Don't know


Mainly spending cuts, but also tax rises. That's not what I think congress will do, but that's what I think they should.



ECONOMIC PROSPECTS AHEAD OF THE ELECTION

Which of the following do you expect will best describe the economic prospects for the United States between now and the Presidential Election in November 2012?

The US economic situation improve dramatically
The US economic situation will improve slightly
The US economic situation will be unchanged
The US economic situation will deteriorate slightly
The US economic situation will deteriorate dramatically
Don't know"


This will stall the economy for several months, and we may even see the economy roll back a bit for the massive spending cuts that are going to come through. Depending on what congress does, we could vary anywhere from "deteriorate slightly" to "improve slightly" though any "improvement" will not take shape until spring of 2012 at the soonest (though individual states may see improvement based on their individual actions).

The politcal game will continue that democrats will blame republicans for the double dip in the economy (saying that the republicans forced the dip upon us and the democrats did everything they could to stop it), and the republicans will blame the democrats saying 1) they were incharge of the economy when it happened, so it must be their fault, and 2) the republicans only did what had to be done so that the dip wasn't even worse.



There is then a box for free-format comments.

How would you reply to that survey?

thanks for depressing my day...
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Wnope
Posts: 6,924
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7/28/2011 2:14:18 PM
Posted: 5 years ago
At 7/28/2011 4:02:56 AM, brian_eggleston wrote:

Here is the questionnaire I received this morning:

"As a member of the PoliticsHome/CityAM Voice of the City panel, we wanted to get your expert opinion on issues relating to the battle between Barack Obama and House Republicans on dealing with the United States' debt.

THE BLAME GAME

Who do you blame more for the difficulty in coming to an agreement during the US debt talks in Washington DC?

Barack Obama
Republicans in Congress
Barack Obama and Republicans in Congress equally
Don't know

Obama is not free of fault, but House Republicans have turned the debt debate into a forum on moronic budget amendments.

DAMAGE TO AMERICA'S REPUTATION

How much damage has the political row around US debt done to America's international reputation as a financially responsible economy?

Severely damaged
Quite severely damaged
Slightly damaged
Not at all damaged
Don't know
The real damage will come if we default. Other than that, we mainly just give investors high blood pressure.


THREAT TO THE WORLD ECONOMY

How much of a threat does the US debt crisis pose to the world economy?

A severe threat
A quite severe threat
A small threat
No threat
Don't know



CUTS VS TAX RISES

What combination of spending cuts and tax rises do you believe should be used to tackle America's budget deficit?

Only tax rises
Mainly tax rises, but also spending cuts
Mainly spending cuts, but also tax rises
Only spending cuts
Don't know
Lots of spending cuts needed, but you can't fix the debt by just lowering the amount of money we spend. At some point we also have to be pulling in revenue.


ECONOMIC PROSPECTS AHEAD OF THE ELECTION

Which of the following do you expect will best describe the economic prospects for the United States between now and the Presidential Election in November 2012?

The US economic situation improve dramatically
The US economic situation will improve slightly
The US economic situation will be unchanged
The US economic situation will deteriorate slightly
The US economic situation will deteriorate dramatically
Don't know"
By "improve slightly" I mean job numbers will be bad, but not in the atrocious state they are now.


There is then a box for free-format comments.

One of the best and worst things about America's political system: it's really hard to do anything. If you want easy, get a monarchy.

How would you reply to that survey?
darkkermit
Posts: 11,204
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7/28/2011 3:01:23 PM
Posted: 5 years ago
THE BLAME GAME

Who do you blame more for the difficulty in coming to an agreement during the US debt talks in Washington DC?

Barack Obama
Republicans in Congress
Barack Obama and Republicans in Congress equally
Don't know

DAMAGE TO AMERICA'S REPUTATION

How much damage has the political row around US debt done to America's international reputation as a financially responsible economy?

Severely damaged
Quite severely damaged
Slightly damaged
Not at all damaged
Don't know

THREAT TO THE WORLD ECONOMY

How much of a threat does the US debt crisis pose to the world economy?

A severe threat
A quite severe threat
A small threat
No threat
Don't know

CUTS VS TAX RISES

What combination of spending cuts and tax rises do you believe should be used to tackle America's budget deficit?

Only tax rises
Mainly tax rises, but also spending cuts
Mainly spending cuts, but also tax rises
Only spending cuts
Don't know

ECONOMIC PROSPECTS AHEAD OF THE ELECTION

Which of the following do you expect will best describe the economic prospects for the United States between now and the Presidential Election in November 2012?

The US economic situation improve dramatically
The US economic situation will improve slightly
The US economic situation will be unchanged
The US economic situation will deteriorate slightly
The US economic situation will deteriorate dramatically
Don't know"
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innomen
Posts: 10,052
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7/28/2011 3:43:48 PM
Posted: 5 years ago
At 7/28/2011 4:02:56 AM, brian_eggleston wrote:

THE BLAME GAME

Who do you blame more for the difficulty in coming to an agreement during the US debt talks in Washington DC?
Barack Obama
Republicans in Congress
Barack Obama and Republicans in Congress equally
Don't know

Although the republicans haven't sent up anything that is palatable to the president; Obama has shown zero interest in changing the spending behavior of the government and reducing the size and scope of government, and any serious interest in reducing the debt.

DAMAGE TO AMERICA'S REPUTATION

How much damage has the political row around US debt done to America's international reputation as a financially responsible economy?

Severely damaged
Quite severely damaged
Slightly damaged
Not at all damaged
Don't know
It's not like this was a surprise to anyone in the financial community. It's not like the behavior of our government's spending was ever respected. There may be a small set back, but given time we will be back to where we were as the world leader.

THREAT TO THE WORLD ECONOMY
How much of a threat does the US debt crisis pose to the world economy?
A severe threat
A quite severe threat
A small threat
No threat
Don't know
I'm not convinced that defaulting on our debt will mean the sky will fall, nor do i think it will come to that. The US will remain the leading world economy despite setbacks.

CUTS VS TAX RISES
What combination of spending cuts and tax rises do you believe should be used to tackle America's budget deficit?
Only tax rises
Mainly tax rises, but also spending cuts
Mainly spending cuts, but also tax rises
Only spending cuts
Don't know
They have no business taking money out of the economy, and trying to fix their mess with MORE taxes without first removing the bad behavior in spending that causes the mess.

ECONOMIC PROSPECTS AHEAD OF THE ELECTION
Which of the following do you expect will best describe the economic prospects for the United States between now and the Presidential Election in November 2012?
The US economic situation improve dramatically
The US economic situation will improve slightly
The US economic situation will be unchanged
The US economic situation will deteriorate slightly
The US economic situation will deteriorate dramatically
Don't know"
If taxes are increased the economy will continue to fail, and if business continues to be burdened it will never improve.

There is then a box for free-format comments.

How would you reply to that survey?
If true and real eliminations of waste, changes that we can see, are made in the government. If a real contraction in the size of government is made in a budget, then and only then would a tax increase be justifiable. Until the behavior of the government has been changed, nothing should be given to further the bad behavior.
Ragnar_Rahl
Posts: 19,297
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7/29/2011 12:10:19 AM
Posted: 5 years ago
At 7/28/2011 4:02:56 AM, brian_eggleston wrote:
Who do you blame more for the difficulty in coming to an agreement during the US debt talks in Washington DC?

Barack Obama
Republicans in Congress
Barack Obama and Republicans in Congress equally
Don't know
I give the Republicans in Congress grudging credit. I don't give anyone BLAME.

How much damage has the political row around US debt done to America's international reputation as a financially responsible economy?

Severely damaged
Quite severely damaged
Slightly damaged
Not at all damaged
Don't know
"International reputation" isn't a well-formed concept.

THREAT TO THE WORLD ECONOMY

How much of a threat does the US debt crisis pose to the world economy?

A severe threat
A quite severe threat
A small threat
No threat
Don't know
A great deal, which is all the more reason not to rubber stamp exacerbating it.




CUTS VS TAX RISES

What combination of spending cuts and tax rises do you believe should be used to tackle America's budget deficit?

Only tax rises
Mainly tax rises, but also spending cuts
Mainly spending cuts, but also tax rises
Only spending cuts
Don't know
Also user fee implementation.




ECONOMIC PROSPECTS AHEAD OF THE ELECTION

Which of the following do you expect will best describe the economic prospects for the United States between now and the Presidential Election in November 2012?

The US economic situation improve dramatically
The US economic situation will improve slightly
The US economic situation will be unchanged
The US economic situation will deteriorate slightly
The US economic situation will deteriorate dramatically
Don't know"
No deal yet right?
No default plan yet right?
It came to be at its height. It was commanded to command. It was a capital before its first stone was laid. It was a monument to the spirit of man.
seraine
Posts: 734
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7/31/2011 10:46:52 AM
Posted: 5 years ago
At 7/28/2011 4:02:56 AM, brian_eggleston wrote:
I'm not showing off (well I am but it can't be helped), but I am a member of a panel of "opinion-forming" professionals who work in the City of London (the financial district) and we are regularly asked our opinions on the big issue of the day, the results of which are published in CityAM newspaper and on PoliticsHome.Com.

Here is the questionnaire I received this morning:

"As a member of the PoliticsHome/CityAM Voice of the City panel, we wanted to get your expert opinion on issues relating to the battle between Barack Obama and House Republicans on dealing with the United States' debt.

THE BLAME GAME

Who do you blame more for the difficulty in coming to an agreement during the US debt talks in Washington DC?

Barack Obama
Republicans in Congress
Barack Obama and Republicans in Congress equally
Don't know



DAMAGE TO AMERICA'S REPUTATION

How much damage has the political row around US debt done to America's international reputation as a financially responsible economy?

Severely damaged
Quite severely damaged
Slightly damaged
Not at all damaged
Don't know



THREAT TO THE WORLD ECONOMY

How much of a threat does the US debt crisis pose to the world economy?

A severe threat
A quite severe threat
A small threat
No threat
Don't know



CUTS VS TAX RISES

What combination of spending cuts and tax rises do you believe should be used to tackle America's budget deficit?

Only tax rises
Mainly tax rises, but also spending cuts
Mainly spending cuts, but also tax rises
Only spending cuts
Don't know



ECONOMIC PROSPECTS AHEAD OF THE ELECTION

Which of the following do you expect will best describe the economic prospects for the United States between now and the Presidential Election in November 2012?

The US economic situation improve dramatically
The US economic situation will improve slightly
The US economic situation will be unchanged
The US economic situation will deteriorate slightly
The US economic situation will deteriorate dramatically
Don't know"

I don't think I can honestly answer this question without knowing the course of action that will be taken.



There is then a box for free-format comments.

How would you reply to that survey?