...............Well everyone, like JOHN G or not; he seems to know what he is talking about, and is well read. He is correct on the above points; I have cut out his passion, he does get carried away with his correctness. But then, how do you get the attention of a donkey? Hit him over the head to get his attention. Anyone who has studied a little economics should have seen this current problem coming.
The economy was booming when Clinton took office and had been since 1983 so forgive me if I don't give credit to someone who walked into a good deal. ...............
If you don't recall the events on 9/11 (were you in a coma?) and the aftermath with the stock market ................. It continued to recover until the housing collapse/Fannie Mae and Freddie Mac makes billions of dollars just disappear. You want to blame Bush but Bush and McCain tried in 2006 to open up both organizations for inspection. They were defeated by the democratically controlled Senate. .................. this economic collapse was engineered, inadvertently or not, but engineered by actions taken since 1977. Principal participants were Jimmy Carter, Bill Clinton, Barney Frank, and a majority of the democratic party that effectively blackmailed the banking industry into making bad loans. ............................ Originally Posted by john_galt
For thorough; I don't believe you when you say that Republicans don't reply when you ask your questions. Understand? I don't believe you. You don't ask questions, you make charges. Lets suppose you did really ask a question, which presupposes that you are looking for information.John you need to turn off the radio and stop listening to Rush Limbaugh and those other Right Wing wackos- because what you just said is a bunch of bullcrap. First thing first- Reagan was in a situation similar to Obama- he came in office with high gas price- high unemployment and did he fix overnight??? HELL NO!!! Did he fix it in 2 years??? HELL NO In fact- and you can check the history on this John- the economy started to build during Reagan's second term- in fact you had people slamming Reagan during his first term about not being effective- and let's remember Reagan spent like a liberal and even raised taxes so don't give me this he was a great conservative because he spent very liberally. John pick whatever GOP you love and you tell me had he/she won in 2008 are you telling me that our unemployment rate would be back down to 4 % and the economy would just be booming????
The economy was booming when Clinton took office and had been since 1983 so forgive me if I don't give credit to someone who walked into a good deal. If you won't give credit to Reagan/Bush41 then you have to hold Obama responsible for everything since he took office. You can't have it both ways; either Obama is shirking responsibility or Clinton deserves all the credit. Answer that question for me.
If you don't recall the events on 9/11 (were you in a coma?) and the aftermath with the stock market then what can ANYONE say to you. The economy took quite a hit and then it recovered while Bush was in office. It continued to recover until the housing collapse/Fannie Mae and Freddie Mac makes billions of dollars just disappear. You want to blame Bush but Bush and McCain tried in 2006 to open up both organizations for inspection. They were defeated by the democratically controlled Senate. I know this is hard for a partisan like yourself but this economic collapse was engineered, inadvertently or not, but engineered by actions taken since 1977. Principal participants were Jimmy Carter, Bill Clinton, Barney Frank, and a majority of the democratic party that effectively blackmailed the banking industry into making bad loans. As of last week the justice department is once again threatening legal action against banks that do not want to make bad loans again. Seems that some parties don't learn from past mistakes.
As for Obama; what was the rate of unemployment when he took office? What is it now? I'll wait for you to look it up............ find it? Lets talk inflation now. Not that fake inflation since the administration changed the sampling by removing food and energy from the mix. No, real inflation which is about 10%. This is the highest it has been since the 1970s and 1980. We could talk about esoteric things like consumer confidence but I think your sense of reality is warped so you don't understand things like that.
Oh, Catnip, I've got a secret but you don't take IMs apparently or I would let you in on it. Originally Posted by john_galt
IF OBAMA IS SUCH A HORRIBLE PRESIDENT WHY AREN'T WE IN A DEPRESSION??? Originally Posted by wellendowed1911
Well you may want to sell that property to economist who are better trained and who have more knowledge in this field than you my friend. Also these economist have no politics to side with they just give the simple hard facts- so should I believe you or should I believe the many economist who do this for a living and I think they may know just a little bit more than you!
What makes you think we aren't? LOL! The economy is tanking, and is being patched up to look better than it is with baling wire and chewing gum.
I don't listen to Rush or Fox, but I also don't watch CNN or MSNBC. If you think the economy is on an upswing, I have some beachfront property in Jetmore I'd like to discuss with you.
Our economy is like a house of cards. If the Chinese sneeze just a little, it all comes down.
Debt: 14+TRILLION!
Real unemployment: 15+%
Annual deficit: TRILLIONS!
Chance that either political party will do anything substantive to correct this: 0%
Fed policy at this time: INCREASING the money supply!
Real inflation rate: Who the F*** knows? It ain't 5%, you can be damn sure of that!
You think this adds up to recovery? Hell, no.
My solution? Originally Posted by CuteOldGuy
HMMM a Depression- wow my company is hiring- my GF has been working 6 days a week the past 3 months with mandatory overtime in most cases. Hmmm gas prices are high but I don't see huge gas lines wrapping around the block. Gosh have not seen any stores raided for food. Let's see in sports- games are sold out. When i drive to work in morning- the interstate is packed- well maybe all these people are just in their cars to go sight seeing. Gosh I was at my local mall 2 weeks ago- heck it took me 15 minutes to find a freaking parking spot and when I was inside the mall- it was nearly shoulder to shoulder- but perhaps these people just were window shopping- oh and that same evening there was a 45 minute wait to be seated at the CheeseCake factory- but maybe I just got there on the only busy day they ever had- yep these were just little signs that we are in a DEPRESSION!!!
What makes you think we aren't? LOL! The economy is tanking, and is being patched up to look better than it is with baling wire and chewing gum.
I don't listen to Rush or Fox, but I also don't watch CNN or MSNBC. If you think the economy is on an upswing, I have some beachfront property in Jetmore I'd like to discuss with you.
Our economy is like a house of cards. If the Chinese sneeze just a little, it all comes down.
Debt: 14+TRILLION!
Real unemployment: 15+%
Annual deficit: TRILLIONS!
Chance that either political party will do anything substantive to correct this: 0%
Fed policy at this time: INCREASING the money supply!
Real inflation rate: Who the F*** knows? It ain't 5%, you can be damn sure of that!
You think this adds up to recovery? Hell, no.
My solution? Originally Posted by CuteOldGuy
WellEndowed, you're likely to be the most entertaining person in the re-education camp. Glad you like the baling wire and chewing gum. That evidence you cite is simply the false sense of security being promoted by the Fed's disastrous policies. I hope I'm wrong, but I'm not.You are one pessimistic son of a gun aren't you? LOL! Time will tell but you are taken the extreme measure my friend- you wouldn't happened to be a member of the Doomsday church that thinks the world will end some time today would you?
As far as economists are concerned, I agree with Harry Truman. If you laid all the economists in the world end to end, they'd point in all directions.
Oh, and I have taught university level economics, so I don't have to watch CNN, Fox, or any other phony state-run news program. I can read the signs myself. Originally Posted by CuteOldGuy