The economy

Schiff thinks we are in a depression and basically have been since 2008.

http://www.infowars.com/peter-schiff-warns-of-martial-law/

WHL wrote:Schiff thinks we are in a depression and basically have been since 2008.

http://www.infowars.com/peter-schiff-warns-of-martial-law/

That means Obama hasn't done anything since being in office.

WHL wrote:Schiff thinks we are in a depression and basically have been since 2008.  

What has Peter Schiff NOT called correctly?

He da man...

 

News Hawk wrote:

WHL wrote:Schiff thinks we are in a depression and basically have been since 2008.  

What has Peter Schiff NOT called correctly?

He da man...

 

Has he always done a good job of calling things right, NH?

Achigan wrote:"...That means Obama hasn't done anything since being in office..."

Despite the millions set aside for border security, two Mexicans (who Achigan supports as American voters) with 97 stolen credit cards were arrested today for Identity theft.

They were buying tens of thousands of dollars' worth of merchandise at national retailers in the area including Best Buy, Wal-Mart and Toys R Us.

Hey, it's great for the economy, and the best part is that the banks have to eat the losses. Obama and his gang are probably loving all this.

More details from Overseas Media, of course:



http://www.dailymail.co.uk/news/article-2542977/Mexican-couple-arrested-crossing-U-S-connection-Target-credit-car-breach-affected-100million-customers.html

  


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There was a psychoanalyst on tv last night talking about Obama. She said he might be a nice guy, but it is obvious he is in way over his head-had no idea what he is doing. I prefer that he is in over his head than the fact that he wants to destroy this country. Thank God the Repubs. took over the House so he can't do everything he wanted to do destroy our country.

Once again the gloom and doom mentality comes to the surface. Is it possible for Republicans to have any positive thoughts at all? The markets are in record territory and growth for the last 2 quarters has been very positive. Real estate is coming back and building starts are up. That nonsense that we're still in a depression is a lot of bunk!

News Buzzard wrote:Once again the gloom and doom mentality comes to the surface. Is it possible for Republicans to have any positive thoughts at all? The markets are in record territory and growth for the last 2 quarters has been very positive. Real estate is coming back and building starts are up. That nonsense that we're still in a depression is a lot of bunk!

Obama's "work" isn't done!

  


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How I wish that was true, NB. The market is up because of the Fed.

That's funny, because economists are placing the growth to be about 3% this year:

http://www.marketwatch.com/story/us-seen-on-track-for-best-growth-since-2005-2014-01-19?pagenumber=1

That's a much more optimistic look than gloom and doom!

News Buzzard wrote:That's funny, because economists are placing the growth to be about 3% this year:

http://www.marketwatch.com/story/us-seen-on-track-for-best-growth-since-2005-2014-01-19?pagenumber=1

That's a much more optimistic look than gloom and doom!

That's good news NB. Thanks for posting that article.

WHL wrote:How I wish that was true, NB.  The market is up because of the Fed.

Oh boy, that'll bring in Anti-Federalist!

The market has been affected by the Fed's promise to ignore Inflation, which robs all of us, but mostly those receiving Government checks and Government assistance.

  


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The economy stinks, NB and you should know it. Businesses are not hiring, and many are laying off and struggling.

WHL wrote:The economy stinks, NB and you should know it.  Businesses are not hiring, and many are laying off and struggling.

I'm not saying that things can't be better, WHL, but things have vastly improved since Obama took office, with some 7.5 million jobs coming back. You can thank your hero Republicans in Congress for their lack of action on jobs. They should be proud of the 55 bills they passed this year!    This over-regulatory myth they profess is a lot of nonsense. Millions of government workers, teachers, cops, firemen and others have lost their jobs around the country, and that could have been prevented by Congress. As it is, our infrastructure is in terrible shape and jobs could be created to fix it. The Tea Party is losing it's grip so things should loosen up a little bit.

News Buzzard wrote:That's funny, because economists are placing the growth to be about 3% this year:

http://www.marketwatch.com/story/us-seen-on-track-for-best-growth-since-2005-2014-01-19?pagenumber=1

That's a much more optimistic look than gloom and doom!

Americans believe in an overwhelming majority that the country is moving in the wrong direction. The forum of “doom and gloom” appears to be in touch.

Buzzard, here is an article I thought you would enjoy:

Progressive steps in the wrong direction

http://www.gloucestertimes.com/letters/x651172625/Letter-Progressive-steps-in-the-wrong-direction

Once again, the author of that article shuts the door on the Bush Administration on January 20, 2009, when Bush is actually responsible for all of today's woes. The first lesson that we seem to have trouble with is the fact that we can't fight costly wars and pass massive tax cuts at the same time. It creates structural deficits for years to come. We shouldn't blame the current guy (Obama) for a recession that wasn't his fault. The recession is what created more structural deficit and massive debt in the form of unemployment benefits, food stamps, increased pension costs for early retirees, and increased medical costs to taxpayers for the millions who had lost their jobs.

You have never recognized the fact that the Pentagon budget doubled under George W Bush, and you never recognize the fact that the federal budget increased 89% under George W Bush, at the same time he did massive tax cuts.

It's easy to blame the current resident of the White House for everything that has gone wrong, but facts don't lie, and as much as you want to re-write history, it doesn't work that way. I wish you, Outerlimits, and the rest of your group here would accept who is really responsible for our woes and stop blaming Obama. It's obvious you're in the minority anyway since Obama was reelected easily, and considering the Republican party's tendencies toward bullying, racism, misogyny and homophobia I consider Hillary to be a shoe-in!!

Very well written NB and here are some more facts:
 
Sixty-eight percent of Americans — including 49 percent of Republicans — say President George W. Bush is responsible for the state of today’s economy, a new Gallup poll finds.
 
Indeed, the country is still reeling from Bush’s disastrous economic stewardship. His irresponsible tax cuts and deregulatory policies have contributed significantly to the slow recovery and are partly responsible for the nation’s economic plight. Here are 5 reasons why:
 
1. Deregulated Wall Street: It was a great time to be a Wall Street executive during the Bush administration. Sweeping financial deregulation helped build the housing bubble and allowed financial institutions to pursue risky trades unchecked. In fact, Bush eliminated the rules that allowed Wall Street to cause the financial crash that plunged the nation into the Great Recession.
 
2. Cut Taxes For The Wealthy: The Bush tax cuts — over 50 percent of which benefited the richest 5 percent of American taxpayers — cost about $2.5 trillion over the decade after they were enacted. Ten years later, Bush’s tax cuts are still the main driving factor of the national debt:
 
3. Ran Up A Tab On Two Wars: The wars in Iraq and Afghanistan have cost the country trillions of dollars. Combined with Bush’s tax cuts, war spending was a main factor in blowing up the deficit and spending the surplus accumulated under Clinton. Lawmakers now use the deficit as an excuse for inaction.
 
4. Left Homeowners In A Lurch: While Bush was happy to help out the banks in the wake of the housing crisis, he did little to assist struggling homeowners. Hope For Homeowners, Bush’s proposal to assist those struggling with their mortgages, was a colossal failure; in its first six months, it helped just one homeowner renegotiate his mortgage. Many mortgage holders — 15.7 million or, one in three — are still underwater today.
 
5. Weakened Workers: Bush weakened worker safety regulations and collective bargaining rights under the Occupational Safety and Health Administration (OSHA) and the Department of Labor throughout his time in office. Today, corporations are back to making record profits, while workers’ incomes are falling.
 
http://thinkprogress.org/economy/2012/06/14/499523/5-reasons-americans-are-right-to-blame-bush-for-the-bad-economy/

Thanks for the post, Achigan!

News Buzzard wrote:Once again, the author of that article shuts the door on the Bush Administration on January 20, 2009, when Bush is actually responsible for all of today's woes. The first lesson that we seem to have trouble with is the fact that we can't fight costly wars and pass massive tax cuts at the same time. It creates structural deficits for years to come. We shouldn't blame the current guy (Obama) for a recession that wasn't his fault. The recession is what created more structural deficit and massive debt in the form of unemployment benefits, food stamps, increased pension costs for early retirees, and increased medical costs to taxpayers for the millions who had lost their jobs.

You have never recognized the fact that the Pentagon budget doubled under George W Bush, and you never recognize the fact that the federal budget increased 89% under George W Bush, at the same time he did massive tax cuts.

It's easy to blame the current resident of the White House for everything that has gone wrong, but facts don't lie, and as much as you want to re-write history, it doesn't work that way. I wish you, Outerlimits, and the rest of your group here would accept who is really responsible for our woes and stop blaming Obama. It's obvious you're in the minority anyway since Obama was reelected easily, and considering the Republican party's tendencies toward bullying, racism, misogyny and homophobia I consider Hillary to be a shoe-in!!

You stated the economy was improving. You stated things were getting better. I simply stated MOST people disagree with your assessment.

Are you now stating things aren’t better and it’s Bush’s fault?

The author of the article I gave you cited real actions this administration has taken that makes it tougher on middle class Americans (closing power plants, opposing fracking) yet somehow that is Bush’s fault?

The vast majority of Americans believe the country is moving in the wrong direction.

Direction is not linked to where we were 5 years ago but where we are going. After 5 years Obama still has the country going in the wrong direction.

In your article Achigan… TODAY was 2 years ago.

There has not been a single polling agency in the past two years that has come close to backing up that assertion.

http://realclearpolitics.com/epolls/other/direction_of_country-902.html

It was 1 1/2 years ago and the data about why we are on the mess we are in still holds true and you know it.

We are lucky to be where we are after what the Bush administration did to this country.

Lets forget about the poll and concentrate on facts about who caused this mess.

It was lucky that anyone ran for president after the mess Bush left us.

I know it?

Let me tell you what I was told...

According to Obama and the liberals, the "George Bush" recession ended in 2009.

Obama, of course, fixed it.

Do you remember that proclamation? Yeah I do.

So how can you and the rest of your liberal friends blame anything on Bush when Obama fixed that right after he was elected?

Which of course brings up another question…

If Bush was so bad and caused all these problems then why did Democrats elect him to a 4th consecutive term?

At this point…all I can do at this point is laugh.

The Obama administration is the Bush administration on steroids. This just further proves that all Republicans stand for is being Anti-Democrat and all Democrats stand for is being Anti-Republican. It's okay when your side does it but not okay when the other side does it? Look at the NSA scandal and call me a liar. Obamacare is huge corporatist bill Democrats love and Republicans hate. Twenty years ago when Republicans wanted it, the Democrats hated it.

The only people that absolutely truly love Obamacare are the insurance companies. They're going to be rolling in it and will be just as stingy when it comes time to pay.

Who loses ? We do !

Who is the bigger hypocrite? The Republicans for now hating the same thing their guy did from 2001-2009 or the Democrats for now loving what they hated during that same time?

OF course Outer. Don't you know some things never change? It could be a hundred years and they would still blame Bush.

News Buzzard wrote:What bond crisis?

Over the weekend, there are a lot of financial programs. At least one is saying that
"Bonds are down".

A top economist doesn't see all that much gloom and doom!

http://www.nasdaq.com/article/davos-economist-eichengreen-sees-us-jobs-growth-of-300000-a-month-in-2014-20140122-00759

All of this could happen with very little legislative progress from a stubborn House of Representatives! Could that spell gloom and doom for the Republicans? Time will tell!