Another classic failure of leadership

[SassyIrishLass]

Greece has officially defaulted

 

[Missouri_Mike]

Greece has officially defaulted

I'm going to file this under "no shit". Greece may be the only country in the world right now living under the reality of socialist debt. And Venezuala, their getting a pretty good dose of it as well. Nice job Greece. Now if only the USA would act more like them we could join the party.

 

[deltex1]

Why 2016 is so important. Who is ready to sacrifice? More than billionaires are needed.

 

[deltex1]

U.S. Beats Germany 2-0. Well played...

 

[NotfooledbyW]

Why 2016 is so important. Who is ready to sacrifice? More than billionaires are needed.

Your billionaires and all the way down to all the grassroots wingnuts have spent billions and billions over six years and two presidential elections trying to destroy Obama with lies and fearmongering and anti-America shenanigans. Look what it's gotten you all for all those wasted billions:

Obama Approval Ratings Surge After SCOTUS Rulings GOP Cave on ObamaTrade - Breitbart

. After what has been described as President Barack Obama’s “best week” in office, Obama’s approval ratings surged as half of Americans now approve of his job performance for the first time in two years and 52% of approve of his handling of the economy, the first time that number has gone above 50% in nearly six years.

What can Republican liars do without their billionaires?

And what leadership do you want from our President on Greece? Bomb the IMF? Bomb the unemployed and poor. Your general solution from leaders is to bomb some place or another isn't it?

 

[deltex1]

The GOP dragged his dumb ass over the trade deal line...it fucks the unions and helps big business....obabbles friends. You are one confused mofo...

 

[NotfooledbyW]

As the Clown Parade known as the GOP Presidential nominating process gets into high gear - Obama's approval likely will continue to rise. The RNC should just tell the clowns to shut up for 15 months, and let the Koch Brothers announce their candidate on Labor Day weekend.

Of course the Clown Parade has become a firmly established tradition and would be sorely missed?

 

[deltex1]

As the Clown Parade known as the GOP Presidential nominating process gets into high gear - Obama's approval likely will continue to rise. The RNC should just tell the clowns to shut up for 15 months, and let the Koch Brothers announce their candidate on Labor Day weekend.

Of course the Clown Parade has become a firmly established tradition and would be sorely missed?

You could be right. Obabbles numbers could go up...he was elected on emotion and pity...he will go out the same way. But so what...it's Hillary's numbers that will be in the tank.

 

[The Rabbi]

I am waiting for Obama to bail Greece out in return for assurances they will pass gay marriage.

 

[NotfooledbyW]

DT 11727180

The GOP dragged his dumb ass over the trade deal line...it fucks the unions and helps big business....obabbles friends. You are one confused mofo...

So Obama is not an Alinski Marxist Socialist Statist - who was not dragged into the Fast Track authority that he now thankfully has. Nice of you to admit the free-market capitalist part and make up the 'dragged in' part

 

[OKTexas]

i can't find the transcript of Obama's attempt to explain the affects of the Greek default to the ignorant American voter...but in searching I came across this link from his remarks on the same subject...three years ago. It's Europes problem to solve for sure...but they won't be looking to Obama for advice...or leadership.

TRANSCRIPT President Obama s remarks on Greece and the European crisis - Hellenic American Leadership CouncilHellenic American Leadership Council

What Obama is blatantly ignorant of and what he couldn't explain, is the reason why Greece is going down the shitter: Because Greece is basically a Socialist country, they have an over-abundant pension system. That being coupled with dwindling contributions, the EU's highest unemployment rate (26% overall, 31% for women), an aging population, and their 2012 debt restructuring, is nothing less than a recipe for the most spectacular economic disaster this world has ever seen.

Greece spends more on pensions than any other EU nation, about 18% of their total GDP. Their economy has shrunk by a quarter since 2008 (Can't blame that on GW) and the government is having to sell off their holding, in order to pay for entitlements. With that many people riding in the cart and so few pulling it, the shit is going to hit the fan very soon.

I don't know the overall effects a total collapse of their economy could have on the global market, but it could have a butterfly-effect: A tiny occurrence on one side of the world, which creates a massive disturbance on the other side. And the disturbing thing about it is our own president and economic advisers are completely unprepared to deal with shock it could cause our own economy. The Federal reserve under Obama has been artificially inflating our own market by printing billions of dollars a month, and pumping it into our own market. It's called "Quantitative Easing". When liberals glibly state that our economy is improving because the stock market is up, all I can do is shake my head and roll my eyes. My only advice is to be ready: Get out of debt. Buy guns. Buy ammunition. Get away from large, heavily-populated cities because this could get pretty fuckin' ugly.

Congressional Budget Office issues dire warning for US economy, June 2015

“The long-term outlook for the federal budget has worsened dramatically over the past several years, in the wake of the 2007–2009 recession and slow recovery. Between 2008 and 2012, financial turmoil and a severe drop in economic activity, combined with various policies implemented in response to those conditions, sharply reduced federal revenues and increased spending. As a result, budget deficits rose: They totaled $5.6 trillion in those five years, and in four of the five years, they were larger relative to the size of the economy than they had been in any year since 1946. Because of the large deficits, federal debt held by the public soared, nearly doubling during the period. It is now equivalent to about 74 percent of the economy’s annual output, or gross domestic product (GDP)—a higher percentage than at any point in U.S. history except a seven-year period around World War II.”

Congressional Budget Office issues dire warning for US economy June 2015 - Akron Personal Finance Examiner.com

We're getting there.

 

[deltex1]

DT 11727180

The GOP dragged his dumb ass over the trade deal line...it fucks the unions and helps big business....obabbles friends. You are one confused mofo...

So Obama is not an Alinski Marxist Socialist Statist - who was not dragged into the Fast Track authority that he now thankfully has. Nice of you to admit the free-market capitalist part and make up the 'dragged in' part

Obabbble is an object moved by forces he does not understand. He speaks, he smiles, he has no soul, he has no clue, he shows up at fund raisers and entertains...he shows up at funerals and lies...and never cries. He is a feckin horror.

 

[NotfooledbyW]

. But so what...it's Hillary's numbers that will be in the tank.

Hillary embraced Obama's record and wisely is not distancing herself from the President she served under. That was a wise perhaps tough political decision when Obama was not looking so good and you haters were quite certain ISIS would take Kobani and Baghdad and SCOTUS would destroy Obamacare.

And now Daesh Terrorist scum are getting their asses handed to them in Syria by Kurdish women fighters along with Kurdish men. How embarrassing it is for all the Obama hating Americans who wanted Daesh to surround and capture the U.S. Embassy in Baghdad in order to blame it all on Obama.

You people don't talk much about ISIS any more. Why is that?

 

[deltex1]

I am watching Hannity question Christie. Damn near have an erection over the fat man...not that there's anything wrong wid dat, yo...

 

[NotfooledbyW]

DT 11727544

Obabbble is an object moved by forces he does not understand. He speaks, he smiles, he has no soul, he has no clue, he shows up at fund raisers and entertains...he shows up at funerals and lies...and never cries. He is a feckin horror.

You should run for President on the GOP Clown Parade Train Delbert. You got the Clown Talk down pretty well.

You've got Bush, the brother of the idiot liar failure of a President before Obama and Great Clown Trump running first and second in New Hampshire Polls right now and your defense of your party is that Obama lies at funerals. You can't name the lie though. You are a clown. That is why.

 

[deltex1]

DT 11727544

Obabbble is an object moved by forces he does not understand. He speaks, he smiles, he has no soul, he has no clue, he shows up at fund raisers and entertains...he shows up at funerals and lies...and never cries. He is a feckin horror.

You should run for President on the GOP Clown Parade Train Delbert. You got the Clown Talk down pretty well.

You've got Bush, the brother of the idiot liar failure of a President before Obama and Great Clown Trump running first and second in New Hampshire Polls right now and your defense of your party is that Obama lies at funerals. You can't name the lie though. You are a clown. That is why.

The video.

 

[deltex1]

I'm going to bed Foo...best you do too...you have to work tomorrow. I'm playing racquetball...then taking the grandkids to the pool. Have a nice evening.

 

[NotfooledbyW]

i can't find the transcript of Obama's attempt to explain the affects of the Greek default to the ignorant American voter...but in searching I came across this link from his remarks on the same subject...three years ago. It's Europes problem to solve for sure...but they won't be looking to Obama for advice...or leadership.

TRANSCRIPT President Obama s remarks on Greece and the European crisis - Hellenic American Leadership CouncilHellenic American Leadership Council

What Obama is blatantly ignorant of and what he couldn't explain, is the reason why Greece is going down the shitter: Because Greece is basically a Socialist country, they have an over-abundant pension system. That being coupled with dwindling contributions, the EU's highest unemployment rate (26% overall, 31% for women), an aging population, and their 2012 debt restructuring, is nothing less than a recipe for the most spectacular economic disaster this world has ever seen.

Greece spends more on pensions than any other EU nation, about 18% of their total GDP. Their economy has shrunk by a quarter since 2008 (Can't blame that on GW) and the government is having to sell off their holding, in order to pay for entitlements. With that many people riding in the cart and so few pulling it, the shit is going to hit the fan very soon.

I don't know the overall effects a total collapse of their economy could have on the global market, but it could have a butterfly-effect: A tiny occurrence on one side of the world, which creates a massive disturbance on the other side. And the disturbing thing about it is our own president and economic advisers are completely unprepared to deal with shock it could cause our own economy. The Federal reserve under Obama has been artificially inflating our own market by printing billions of dollars a month, and pumping it into our own market. It's called "Quantitative Easing". When liberals glibly state that our economy is improving because the stock market is up, all I can do is shake my head and roll my eyes. My only advice is to be ready: Get out of debt. Buy guns. Buy ammunition. Get away from large, heavily-populated cities because this could get pretty fuckin' ugly.

Congressional Budget Office issues dire warning for US economy, June 2015

“The long-term outlook for the federal budget has worsened dramatically over the past several years, in the wake of the 2007–2009 recession and slow recovery. Between 2008 and 2012, financial turmoil and a severe drop in economic activity, combined with various policies implemented in response to those conditions, sharply reduced federal revenues and increased spending. As a result, budget deficits rose: They totaled $5.6 trillion in those five years, and in four of the five years, they were larger relative to the size of the economy than they had been in any year since 1946. Because of the large deficits, federal debt held by the public soared, nearly doubling during the period. It is now equivalent to about 74 percent of the economy’s annual output, or gross domestic product (GDP)—a higher percentage than at any point in U.S. history except a seven-year period around World War II.”

Congressional Budget Office issues dire warning for US economy June 2015 - Akron Personal Finance Examiner.com

We're getting there.

From the Washington Times: it appears Republicans in Congress have infected the CBO with 'dynamic scoring' which is the use of voodoo economic to destroy the balanced approach of decreased spending combined with sensible tax increases to reduce the debt.

Watch out for 'dynamic scoring'

. Under Republican lawmakers’ direction, the CBO has started using what is known as dynamic scoring, which means taking into account the economic feedback of major policies such as tax cuts.

Read more: Government debt threatens to send U.S. economy into death spiral CBO warns - Washington Times
Follow us: @washtimes on Twitter

Republicans need to give up on Voodoo Economics for once and for all. Now the forced it into the CBO forecasts.

 

[OKTexas]

i can't find the transcript of Obama's attempt to explain the affects of the Greek default to the ignorant American voter...but in searching I came across this link from his remarks on the same subject...three years ago. It's Europes problem to solve for sure...but they won't be looking to Obama for advice...or leadership.

TRANSCRIPT President Obama s remarks on Greece and the European crisis - Hellenic American Leadership CouncilHellenic American Leadership Council

What Obama is blatantly ignorant of and what he couldn't explain, is the reason why Greece is going down the shitter: Because Greece is basically a Socialist country, they have an over-abundant pension system. That being coupled with dwindling contributions, the EU's highest unemployment rate (26% overall, 31% for women), an aging population, and their 2012 debt restructuring, is nothing less than a recipe for the most spectacular economic disaster this world has ever seen.

Greece spends more on pensions than any other EU nation, about 18% of their total GDP. Their economy has shrunk by a quarter since 2008 (Can't blame that on GW) and the government is having to sell off their holding, in order to pay for entitlements. With that many people riding in the cart and so few pulling it, the shit is going to hit the fan very soon.

I don't know the overall effects a total collapse of their economy could have on the global market, but it could have a butterfly-effect: A tiny occurrence on one side of the world, which creates a massive disturbance on the other side. And the disturbing thing about it is our own president and economic advisers are completely unprepared to deal with shock it could cause our own economy. The Federal reserve under Obama has been artificially inflating our own market by printing billions of dollars a month, and pumping it into our own market. It's called "Quantitative Easing". When liberals glibly state that our economy is improving because the stock market is up, all I can do is shake my head and roll my eyes. My only advice is to be ready: Get out of debt. Buy guns. Buy ammunition. Get away from large, heavily-populated cities because this could get pretty fuckin' ugly.

Congressional Budget Office issues dire warning for US economy, June 2015

“The long-term outlook for the federal budget has worsened dramatically over the past several years, in the wake of the 2007–2009 recession and slow recovery. Between 2008 and 2012, financial turmoil and a severe drop in economic activity, combined with various policies implemented in response to those conditions, sharply reduced federal revenues and increased spending. As a result, budget deficits rose: They totaled $5.6 trillion in those five years, and in four of the five years, they were larger relative to the size of the economy than they had been in any year since 1946. Because of the large deficits, federal debt held by the public soared, nearly doubling during the period. It is now equivalent to about 74 percent of the economy’s annual output, or gross domestic product (GDP)—a higher percentage than at any point in U.S. history except a seven-year period around World War II.”

Congressional Budget Office issues dire warning for US economy June 2015 - Akron Personal Finance Examiner.com

We're getting there.

From the Washington Times: it appears Republicans in Congress have infected the CBO with 'dynamic scoring' which is the use of voodoo economic to destroy the balanced approach of decreased spending combined with sensible tax increases to reduce the debt.

Watch out for 'dynamic scoring'

. Under Republican lawmakers’ direction, the CBO has started using what is known as dynamic scoring, which means taking into account the economic feedback of major policies such as tax cuts.

Read more: Government debt threatens to send U.S. economy into death spiral CBO warns - Washington Times
Follow us: @washtimes on Twitter

Republicans need to give up on Voodoo Economics for once and for all. Now the forced it into the CBO forecasts.

Right, isn't it just freaking crazy to take into account reduced revenues and a faltering economy?

 

[NotfooledbyW]

OKT 11727989

Right, isn't it just freaking crazy to take into account reduced revenues and a faltering economy?

Reduced Revenues were the result of the 2007 through 2009 huge recession. That just happened to follow a perious of Tax Cuts and borrowing to fight a war. It was unprecedented in US history to cut taxes for the wealthy while fighting a major war.

Something is definitely wrong since the economy 'now' is not 'faltering' for top income earners and property owners. It is faltering for the middle class. The fix needs to be directed to getting more spendable income into middle class bank accounts. It is not happening by easing the upper bracket taxpayers' burden and hoping for the trickle down theory to work. It's Republicans that are blocking any alternatives to Trickle Down that need to be tried.

The CBO has also projected that repealing the ACA will increase the Federal deficit. But conservatives ignore the CBO when they make projections such as that.