Published: Tuesday, Dec. 20 2011 11:00 a.m. MST
...and perhaps the economy is in the tank because of Barack Hussin Obama? How
many people out there would want Obama as CEO of their corporation? NOBODY!! The
man is a total bust as far as economics goes. 4 more years of this??? (Great
idea for a 2012 GOP campaign t-shirt).
The current U.S. President is destroying this country in just about every aspect
one could name. There is no way the taxpayers can support the level of debt he
and his minions in the democrat party have taken this country to. Statistcally
the government is lying to us about the issues and the so-called
"growth" the economy has produced. The rosy things that are being
said are grossly overstated. Real estate and the financial markets are simply
being manipulated by the big players, constantly taking the growth out of the
stock market, making it a mockery for the normal investor.
Obama is destroying the economy? Then why are the unemployment numbers falling?
Why is consumer spending up? Why is economic growth up? If the economy were
being destroyed, as many GOPers would have us believe, those numbers would all
be trending down... as they did in the final years of Dubya's second term.Those of you who think that the global economic crisis can be resolved
in one Presidential term or even two are deluding yourselves. This mess was
decades in the making, it will take decades to pull out of. The fact that things
aren't getting worse is Obama's greatest triumph.What does the GOP
want to bring to the table? No compromise and a leading candidate who is
directly responsible for the elimination of thousands of private sector jobs. A
candidate who said he wouldn't have bailed out Detroit, costing our economy an
estimated 3 million jobs. A candidate with zero history of positive anything
when it comes to economic issues.Obama has kept this nation afloat
in the midst of the worst economic conditions since the 1930's. You may not
agree with his methods, but you have to agree that the numbers have slowly
inched from negative to positive. What has Romney done?
Stock market was at 6,500 on March 9, 2009; today it tops 12,000. Mr. Obama
cut taxes on day one for 90 percent of America----if this is liberal
government---I like it and want more of it.
...and perhaps the economy is in the tank because of Obstructionist
Republicans?4 more years of Obstructionist Republicans?Great idea for a Democratic campaign t-shirt.
Let's see. The so-called "job creators" have had all the tax breaks
for about 10 years, yet the economy still tanked. Then the economy stayed down
because those "job creators" didn't create any jobs, instead greed
took over and they did nothing with their extra booty, other than sending jobs
to Asia & India. So, how exactly is Obama responsible (patriot and
Anon Infinity)? One minute repubs say the government can't create jobs,
the next minute they're blaming Obama for lack of job creation. What's it going
to be?Repubs have done nothing but obstruct progress (no surprise there).
House repubs would rather destroy the economy than have four more years of
Obama. How much worse can they be, to ruin a country rather than to see a moral
& ethical president?
This article touches on a lot of interesting factors, let me contribute a bit
more, but I will lack space.Headline statistics are always misleading. The
8,6% unemployment rate is pre-Christmas trickery. They just lowered
participation rate as this author Jeff Thredgold pointed out 2 weeks ago. In
2007, the top 10% of income earners accounted for 50% of all consumption, in
2009 it went up to 53% and now it is probably close to 55%, this means that 90%
of the population contracted its purchases over the past 4 years and this trend
is not likely to change under the current banana republic policies. The housing
starts of Tuesday, that carried the bull run, were thin air, because the 2 month
rebound of 15% and 25% in the multi-family segment, the only one with a bit of
breath, follows a 35% contraction in September, which means we still have not
regained the levels of august, which already were anemic.As for Europe,
the political leaders are playing Russian roulette, where they use the crisis to
force the population to surrender all sentiment of nationalism and abandon
themselves to the authority of global financiarization. Sarkozy has and
continues to be very angry that his fellow citizens refused the European
Constitution, and that they had to settle instead for a Treaty. The current
spectacle is a war to eliminate Nationalities, unconstitutionally extend the
authority of the Treaty to cover fiscal authority, and make of Europe a simple
market playground for the financiers of the planet. Itâs the same war, but
with different weapons, that goes on in the Middle East against Monarchic or
equivalent institutions, which want to have them surrender to global
financialism. The problem is that European leaders have lost control of the
game...the euro is dead; leaders just suffer from self-deception for the moment.
If Thredgold actually ever looked at the economic data, he'd discover that most
indicators (with the exception of housing) have been improving for months and
For all you Bush-blamers. The Dow hit its alltime high under Bush, un-employment
was at 4%. Then in 2006 the Dems gained controll of Congress, making Bush a
lame-duck. It has been down-hill ever since.
'The Dow hit its alltime high under Bush, un-employment was at 4%.' - KDave |
8:28 a.m. Dec. 22, 2011 Perhaps. When he took it over
from Clinton. :) When Obama took office, the national unemployment
rate was...7.7%. That's from the Bureau of Labor Statistics. 3% difference between your claim, and the Bureau of Labor
Statistics. The national unemployment HAS gone up to 10% maximum
under Obama. That's...a 3% difference. Comparable, to the national
unemployment rate that took place under George W. Bush from Clinton.
About the Dow... *US stocks are clobbered for the 2nd straight day,
with Dow losing 500 points. Investor gloom persists By Alexandra Twin CNN
Money 10/07/08 'NEW YORK - Wall Street's drubbing continued
Tuesday, with a 500-point loss bringing the Dow's two-day slump to nearly 900
Also, the economy under Obama today (less than x3 years) is 8.6%.
*'Utah's unemployment rate drops to lowest since 2009' - By Joey Ferguson,
Deseret News - 12/15/11 'Utahs job market is strengthening as the
states unemployment rate dropped to 6.4 percent in November...(sic) The
rate is 2.2 percentage points below the national average of 8.6 percent...' So, that's 8.6$ under Obama FROM... 7.7%. A difference
off...0.9%. Not even 1%. Also, would you like to see action that
factually brings HARM to the US economic recovery? *'Republicans
bail on budget talks, blame Democrats' - By David Espo - AP - Published by
DSNews - 06/23/11 Result? *'S&P warns it may
downgrade U.S. credit rating' - By Martin Crutsinger - AP - Published by DSNews
- 07/15/11 *'Dow average plunges 513, worst drop since 2008' - By
David K. Randall - AP - Published by DSNews - 08/04/11 Today? *House GOP REJECTS 2-month payroll tax cut By Andrew Taylor AP
Published by DSNews 12/20/11 Result? Well, I can't say
it will be pleasant. Due to Republican Obstruction efforts.
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