2nd Worse Eonomical Disaster In The Nation's History

[skookerasbil]

I was there. The crash in the late 20's, early 30's was during a Republican administration.

Just coincidence I'm sure but the one now is totally the fault of two terms back to back of a bunch of assholes who put tax cuts for the wealthy above the welfare of average America. This country will go down the tubes if we elect another president who is hell bent on accomodating the wealthy, corporations and the military-industrial complex. Anybody who actually works for a living who votes Republican deserves exactly what they get.

There hasn't been a new idea or a benefit for the working man under a Republican president since the Interstate Hiway system which was proposed during the Eisenhower administration. He just had to see his vision of a system like the one he had witnessed while he was in Europe during the second world war. We're still behind about 30 other countries when working class is the deciding factor and there are so many dumbasses who vote their early years, family and religious belief against reality that we could come up worse off if the Republicans get back into the white house and work their magic.....tax cuts for the wealthy and corporations.

move to Europe s0n.........you'd find it awesome!!!


By the way.........is it 2012? My calendar says it is. And lets call a spade a spade. The last 3 years have been a fucking joke!!. Corporate taxes in America are the highest in the world. Right......we should slam them with some more.......send more jobs overseas.


This Keynesian crap is about to be mothballed for at least two generations. And I'll be on here on election night with a library full of new gay MSPAint Photobucket Classics to celebrate the epiC fAiL

 

[skookerasbil]

Who bombed cities full of Japanese civilians? Who put Japanese Americans in internment camps?

Thats life s0n..........pull up your pants or move to China. You hate America types are fringe. Might as well move...........or you can shout out like an asshole for the next 60 years, but nobody's listening!!!

 

[Papageorgio]

In the mid90's mortgage companies were offering 125% refinance loans on homes, people were up to their eyeballs in bad debt, the bought cars, charged up credit cards and then went to mortgage, they would 125% on their home loan, payoff their debts and in six months be charged to the hilt again, but then they'd get more cards, more cars, more vacations, more boats and on and on.

Did anyone ever think this can't continue? I certainly saw it coming, it didn't come as early as I thought but anyone could see we were in trouble.

 

[The T]

Who bombed cities full of Japanese civilians? Who put Japanese Americans in internment camps?

Thats life s0n..........pull up your pants or move to China. You hate America types are fringe. Might as well move...........or you can shout out like an asshole for the next 60 years, but nobody's listening!!!

You sure you want him to go to China?

See the Incredible Pictures of the Creepy Chinese Ghost Malls

What’s going on here? Four words: massive misallocation of capital.
“The Union of Soviet Socialist Republics (USSR) was a single-party state ruled by the Communist Party,” Pavese writes.

_____________________________

(Chistopher Pavase )

_____________________________

“The state was structured under a highly-centralized government and a command economy, meaning both capital and resources could be mobilized quickly and proficiently,” he adds.

But as those four words mentioned in the above imply, speed and agility don’t always mean economic efficiency. Hence, misallocation of capital — the kind where entire cities are built and no one lives in them.

“[A] picture is worth a thousand word. So we’ll summarize how we view the Chinese economy’s attempt at rebalancing away from domestic investment and toward consumption with a few pictures,” Pavese writes.

“But first, consider that one of the most insightful nuggets from our visits with various local government officials was the common belief that, ‘Developing new cities and building new infrastructure will increase consumption,’” he adds.

Build it and they will come?

 

[8537]

The Fed caused the collapse in '29 by draining 1/3 of the money supply. You could try to throw in a fact or two every now and then, it won't hurt you

Speaking of facts: Cutting the MB by a 1/3 between 1930 and 1933 caused a collapse in 1929? Interesting, Frank.

 

[CrusaderFrank]

The Fed caused the collapse in '29 by draining 1/3 of the money supply. You could try to throw in a fact or two every now and then, it won't hurt you

Speaking of facts: Cutting the MB by a 1/3 between 1930 and 1933 caused a collapse in 1929? Interesting, Frank.

Had this been the first time we discussed it, I'd be embarrassed for talking shorthand and being taking literally by a financial genius like you used to be.

 

[starcraftzzz]

We've had the 2nd worst economical disaster in history and what did this president make his priority for his first year in office? Health Care Reform. That was his agenda for the first year and his topic on most of his speeches.

It is apparent with your post that you clueless.
Lets see the recession was caused by a housing bubble and a financial crises. Obama passed Dodd-Frank of which curtails and reins in the practices that caused the recession.
Obama's first major bill the stimulus created 4 million jobs, then he passed small businesses loans and subsides which created another 1.5millioin jobs.
Not to mention that heath care equals around 17% of our GDP and making it more efficient and better helps the economy

This boondoggle turned out to be the great over the top expense in history not to mention the incredible deficit we have today after two credit downgrades.

1) Under Obama the deficit has decreased from what he was left with.
2) Treasury interest rates are still at 0 and negative meaning those down grades didn't do shit
3) Europe is implementing austerity and as a result their are back in recession with unemployment increasing while America is having economic growth and adding 100-200 thousand jobs a month

We are still in trouble and looking at giveaways to green companies that go belly up without any promise except for his cronies.

Actually less then 5% of green energy loan companies failed, which is a lot less then private companies that fail. Furthermore every $1 spend on green energy loans results in 4-8 dollars increased private lending. Also those loans create 75 dollars in benefits for every one dollar spent. Those loans have also created over 100,000 jobs and will continue to create thousands of jobs

His mantra is not to curb spending but more taxes and more spending without looking to jobs for the people.

Actually so far Obama has provide the largest Middle class tax cuts in history
But nice attempt at lying

 

[starcraftzzz]

move to Europe s0n.........you'd find it awesome!!!
By the way.........is it 2012? My calendar says it is. And lets call a spade a spade. The last 3 years have been a fucking joke!!. Corporate taxes in America are the highest in the world. Right......we should slam them with some more.......send more jobs overseas.

Incorrect America has one of the lowest effective tax rates in the industrial world.
Reality Check: Effective U.S. Corporate Tax Rate Much Lower Than Most Other Developed Nations | ThinkProgress

 

[Papageorgio]

move to Europe s0n.........you'd find it awesome!!!
By the way.........is it 2012? My calendar says it is. And lets call a spade a spade. The last 3 years have been a fucking joke!!. Corporate taxes in America are the highest in the world. Right......we should slam them with some more.......send more jobs overseas.

Incorrect America has one of the lowest effective tax rates in the industrial world.
Reality Check: Effective U.S. Corporate Tax Rate Much Lower Than Most Other Developed Nations | ThinkProgress

I know many believe in think progress, but I'll defer to better websites than this to get my info, however I do thank you for trying.

 

[whitehall]

I was there. The crash in the late 20's, early 30's was during a Republican administration.

Just coincidence I'm sure but the one now is totally the fault of two terms back to back of a bunch of assholes who put tax cuts for the wealthy above the welfare of average America. This country will go down the tubes if we elect another president who is hell bent on accomodating the wealthy, corporations and the military-industrial complex. Anybody who actually works for a living who votes Republican deserves exactly what they get.

There hasn't been a new idea or a benefit for the working man under a Republican president since the Interstate Hiway system which was proposed during the Eisenhower administration. He just had to see his vision of a system like the one he had witnessed while he was in Europe during the second world war. We're still behind about 30 other countries when working class is the deciding factor and there are so many dumbasses who vote their early years, family and religious belief against reality that we could come up worse off if the Republicans get back into the white house and work their magic.....tax cuts for the wealthy and corporations.

It seems to me that a liberal democrat was elected in 1932 on a promise to end the recession and under his leadership the recession turned into a soup-line depression.

 

[8537]

The Fed caused the collapse in '29 by draining 1/3 of the money supply. You could try to throw in a fact or two every now and then, it won't hurt you

Speaking of facts: Cutting the MB by a 1/3 between 1930 and 1933 caused a collapse in 1929? Interesting, Frank.

Had this been the first time we discussed it, I'd be embarrassed for talking shorthand and being taking literally by a financial genius like you used to be.

Even the third time around, you're still lying.

 

[8537]

I was there. The crash in the late 20's, early 30's was during a Republican administration.

Just coincidence I'm sure but the one now is totally the fault of two terms back to back of a bunch of assholes who put tax cuts for the wealthy above the welfare of average America. This country will go down the tubes if we elect another president who is hell bent on accomodating the wealthy, corporations and the military-industrial complex. Anybody who actually works for a living who votes Republican deserves exactly what they get.

There hasn't been a new idea or a benefit for the working man under a Republican president since the Interstate Hiway system which was proposed during the Eisenhower administration. He just had to see his vision of a system like the one he had witnessed while he was in Europe during the second world war. We're still behind about 30 other countries when working class is the deciding factor and there are so many dumbasses who vote their early years, family and religious belief against reality that we could come up worse off if the Republicans get back into the white house and work their magic.....tax cuts for the wealthy and corporations.

It seems to me that a liberal democrat was elected in 1932 on a promise to end the recession and under his leadership the recession turned into a soup-line depression.

WTF? When FDR took office the economy was losing 10% of its production each year, unemployment was 25% and 4000 banks had failed. In his first year, the economy started a four year period of record economic growth, 7 banks failed and the unemployment rate began falling.

 

[Cammmpbell]

We've had the 2nd worst economical disaster in history and what did this president make his priority for his first year in office? Health Care Reform. That was his agenda for the first year and his topic on most of his speeches. This boondoggle turned out to be the great over the top expense in history not to mention the incredible defecit we have today after two credit downgrades.

We are still in trouble and looking at giveaways to green companies that go belly up without any promise except for his cronies. His mantra is not to curb spending but more taxes and more spending without looking to jobs for the people.

Done with this man's promises.

I've heard this kind of bullschit before:

[ame=http://www.youtube.com/watch?v=7fqCS7Y_kME]Archie Bunker on Democrats - YouTube[/ame]

 

[Oldstyle]

We've had the 2nd worst economical disaster in history and what did this president make his priority for his first year in office? Health Care Reform. That was his agenda for the first year and his topic on most of his speeches.

It is apparent with your post that you clueless.
Lets see the recession was caused by a housing bubble and a financial crises. Obama passed Dodd-Frank of which curtails and reins in the practices that caused the recession.
Obama's first major bill the stimulus created 4 million jobs, then he passed small businesses loans and subsides which created another 1.5millioin jobs.
Not to mention that heath care equals around 17% of our GDP and making it more efficient and better helps the economy

This boondoggle turned out to be the great over the top expense in history not to mention the incredible deficit we have today after two credit downgrades.

1) Under Obama the deficit has decreased from what he was left with.
2) Treasury interest rates are still at 0 and negative meaning those down grades didn't do shit
3) Europe is implementing austerity and as a result their are back in recession with unemployment increasing while America is having economic growth and adding 100-200 thousand jobs a month

We are still in trouble and looking at giveaways to green companies that go belly up without any promise except for his cronies.

Actually less then 5% of green energy loan companies failed, which is a lot less then private companies that fail. Furthermore every $1 spend on green energy loans results in 4-8 dollars increased private lending. Also those loans create 75 dollars in benefits for every one dollar spent. Those loans have also created over 100,000 jobs and will continue to create thousands of jobs

His mantra is not to curb spending but more taxes and more spending without looking to jobs for the people.

Actually so far Obama has provide the largest Middle class tax cuts in history
But nice attempt at lying

I guess your mantra is if you throw enough bullshit at the barn door...some of it will stick?

Did you actually just try to make the point that Barack Obama has decreased the deficit? Now THAT is some funny stuff! Here's a piece of advice for you...if you're going to tell THE BIG LIE you've got to start with a little kernel of truth.

Love the whole "every dollar spent on green jobs creates 75 dollars in benefits" concept. You've obviously attended the "Nancy Pelosi School of Statistics" and graduated with honors.

Oh and by the way? Dodd Frank doesn't actually address most of the things that caused the economic meltdown. You just THINK it does because someone at Think Progress told you so. Barney Frank? That's the guy you think "fixed" things? All I can say is WOW.

The poster that you responded to was spot on about Barry's agenda for the first year he was in office. He spent most of his time chasing ObamaCare and protecting the people who had backed his election. The fact is...if you were employed by the Government the "Great Recession" didn't hit you because Obama had your back. The Obama Stimulus wasn't designed to help the private sector with jobs...it was designed to keep people in public sector unions that had supported Democrats with SO much cash from losing their jobs.

And if you think that ObamaCare has lowered the cost of health care for most Americans then you are one of the more delusional people on this board. That's what the American people WANTED when they asked for health care reform but that's not what we got with the mostrosity that Barry, Harry and Nancy cooked up behind closed doors. For the average American, ObamaCare is going to raise health care costs while at the same time lowering the quality of care received. As we go forward and people finally grasp what a true piece of garbage that bill is...the level of outrage is going to continue to ratchet up.

 

[FireFly]

I was there. The crash in the late 20's, early 30's was during a Republican administration.

Just coincidence I'm sure but the one now is totally the fault of two terms back to back of a bunch of assholes who put tax cuts for the wealthy above the welfare of average America. This country will go down the tubes if we elect another president who is hell bent on accomodating the wealthy, corporations and the military-industrial complex. Anybody who actually works for a living who votes Republican deserves exactly what they get.

I though you said you were 77 years old. If so you are apparently extremely bad at math. You would have to be over 83 years old to have been there & over 93 years old to remember anything about it.

Forcing lending to sub-prime borrowers & dropping regulations for financial institutions who lend government backed deposits & loans is what caused this current credit bubble. This was Democrat Bill Clinton's fault for forcing sub-prime lending & signing this new unregulated government backed financial system into law.

 

[imbalance]

I was there. The crash in the late 20's, early 30's was during a Republican administration.

Just coincidence I'm sure but the one now is totally the fault of two terms back to back of a bunch of assholes who put tax cuts for the wealthy above the welfare of average America. This country will go down the tubes if we elect another president who is hell bent on accomodating the wealthy, corporations and the military-industrial complex. Anybody who actually works for a living who votes Republican deserves exactly what they get.

I though you said you were 77 years old. If so you are apparently extremely bad at math. You would have to be over 83 years old to have been there & over 93 years old to remember anything about it.

lol

 

[Cammmpbell]

We've had the 2nd worst economical disaster in history and what did this president make his priority for his first year in office? Health Care Reform. That was his agenda for the first year and his topic on most of his speeches.

It is apparent with your post that you clueless.
Lets see the recession was caused by a housing bubble and a financial crises. Obama passed Dodd-Frank of which curtails and reins in the practices that caused the recession.
Obama's first major bill the stimulus created 4 million jobs, then he passed small businesses loans and subsides which created another 1.5millioin jobs.
Not to mention that heath care equals around 17% of our GDP and making it more efficient and better helps the economy



1) Under Obama the deficit has decreased from what he was left with.
2) Treasury interest rates are still at 0 and negative meaning those down grades didn't do shit
3) Europe is implementing austerity and as a result their are back in recession with unemployment increasing while America is having economic growth and adding 100-200 thousand jobs a month

Actually less then 5% of green energy loan companies failed, which is a lot less then private companies that fail. Furthermore every $1 spend on green energy loans results in 4-8 dollars increased private lending. Also those loans create 75 dollars in benefits for every one dollar spent. Those loans have also created over 100,000 jobs and will continue to create thousands of jobs

His mantra is not to curb spending but more taxes and more spending without looking to jobs for the people.

Actually so far Obama has provide the largest Middle class tax cuts in history
But nice attempt at lying

I guess your mantra is if you throw enough bullshit at the barn door...some of it will stick?

Did you actually just try to make the point that Barack Obama has decreased the deficit? Now THAT is some funny stuff! Here's a piece of advice for you...if you're going to tell THE BIG LIE you've got to start with a little kernel of truth.

Love the whole "every dollar spent on green jobs creates 75 dollars in benefits" concept. You've obviously attended the "Nancy Pelosi School of Statistics" and graduated with honors.

Oh and by the way? Dodd Frank doesn't actually address most of the things that caused the economic meltdown. You just THINK it does because someone at Think Progress told you so. Barney Frank? That's the guy you think "fixed" things? All I can say is WOW.

The poster that you responded to was spot on about Barry's agenda for the first year he was in office. He spent most of his time chasing ObamaCare and protecting the people who had backed his election. The fact is...if you were employed by the Government the "Great Recession" didn't hit you because Obama had your back. The Obama Stimulus wasn't designed to help the private sector with jobs...it was designed to keep people in public sector unions that had supported Democrats with SO much cash from losing their jobs.

And if you think that ObamaCare has lowered the cost of health care for most Americans then you are one of the more delusional people on this board. That's what the American people WANTED when they asked for health care reform but that's not what we got with the mostrosity that Barry, Harry and Nancy cooked up behind closed doors. For the average American, ObamaCare is going to raise health care costs while at the same time lowering the quality of care received. As we go forward and people finally grasp what a true piece of garbage that bill is...the level of outrage is going to continue to ratchet up.

Republicans are so full of schit

They talk about OBAMA's debt when a huge portion of what has accumulated during his time went to pay the nearly half a trillion dollars a year which is interest on the Reagan-Bushes debt.

Because th government fiscal year begins each October 1, these totals come from Sept. 30 of the designated years: