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Ok, let's see..For the purpose of ending this shit, let us stipulate that Obama inherited an economic mess.
Ok, if you insist.....
The recession ENDED in 1Q 2009. BEFORE Obama told the American people of his idea to stimulate the economy...Stim number one. What happened after that money hit the state and local governments?...The economy SLOWED to less than 1% annualized growth.
What did Obama want? ANOTHER stimulus. So the money the federal reserve printed had not even dried yet and Obama wanted to spend another Half trillion.....Obama promised 100, 000 new police on the streets. Never happened. Promised all these shovel ready projects would with the stimulus, move forward. Never happened. Would hold unemployment under 8%. Never happened. Then just last year Obama wanted ANOTHER $500 billion in stimulus. He admitted there really were not any shovel ready projects. You libs covered for him.
Here's what Obama has done for the economy....NOTHING. And THAT is why the economy STILL sucks. Yes it is growing...At a snail's pace. 1.7% annualized GDP growth. Meanwhile because there has not been a federal budget passed in three years( Senate, run by democrats) and baseline increases of 5% or more for each department have been enacted, the deficits keep getting larger and the taxpayers deeper into the abyss.
THIS is what Obama's three plus years have done TO us.
Policies? Obama has no economic policy. His insistence on growing government, increasing taxes, Obamacare and other actions have created a condition of uncertainty such that the private sector is sitting on the sidelines. And rightly so.
Obama could order the hiring of 8 million more federal employees and the economy would not grow. It would only stagnate. It would collapse under the weight of so much debt.
Great rant, really. But what does any of that have to do with your OP and the drop in home values and their relation to net worth?
You hate Obama, I get it. Everything is his fault. I get it. But until you actually address the shit you actually post in the article, everything else is just a hissy fit.
Ah yes..When all else fails fling accusations like globs of mud in the hope that some of it sticks.
Well, Squeaky, not today.
I stated the facts which are not in dispute.
Home values dropped and continue to to do so because of the federal government's interference in the market. The federal government also guaranteed the entire sub prime market as a further incentive to lend to previously unqualified applicants.
Obama has done NOTHING to stem the downward spiral in home values.
Now the federal reserve at the encouragement from the White House is about to stab us in the back again with yet another QE. Yes, pump up the financial markets with fake money, watch the DJIA rocket upward, Obama looks good and the value of the dollar plummets. Guess what. It won't work. As soon as the price of gas starts rising again as a result of the weaker Dollar, Obama will once again have to make excuses and again threaten the oil industry with confiscatory taxes again. As though the oil companies can control the commodities exchanges. Christ.
Now you go ahead and make more excuses and obfuscations in defense of the President. At the end of the day, Obama still must face the music.
Hate the man? No. Despise what he has done to this nation? Absolutely.
The fact is liberalism has never worked. Obama is a big government central planning elitist.
Why on earth would Obama get "the benefit of the doubt. He's the president for God's sake. You really are in a parallel universe.Great rant, really. But what does any of that have to do with your OP and the drop in home values and their relation to net worth?
You hate Obama, I get it. Everything is his fault. I get it. But until you actually address the shit you actually post in the article, everything else is just a hissy fit.
Ah yes..When all else fails fling accusations like globs of mud in the hope that some of it sticks.
Well, Squeaky, not today.
I stated the facts which are not in dispute.
Home values dropped and continue to to do so because of the federal government's interference in the market. The federal government also guaranteed the entire sub prime market as a further incentive to lend to previously unqualified applicants.
Obama has done NOTHING to stem the downward spiral in home values.
Now the federal reserve at the encouragement from the White House is about to stab us in the back again with yet another QE. Yes, pump up the financial markets with fake money, watch the DJIA rocket upward, Obama looks good and the value of the dollar plummets. Guess what. It won't work. As soon as the price of gas starts rising again as a result of the weaker Dollar, Obama will once again have to make excuses and again threaten the oil industry with confiscatory taxes again. As though the oil companies can control the commodities exchanges. Christ.
Now you go ahead and make more excuses and obfuscations in defense of the President. At the end of the day, Obama still must face the music.
Hate the man? No. Despise what he has done to this nation? Absolutely.
The fact is liberalism has never worked. Obama is a big government central planning elitist.
Blah, Blah Blah Blah Blah. You idiots repeat the same shit in every thread no matter what the actual topic is. It's like you don't know what else to say....actually, it's exactly like that.
When you can link me to a thread where you ever get Obama a chance or the benefit of the doubt....with anything, you might be worth listening to. But you can't, so you're not.
Why on earth would Obama get "the benefit of the doubt. He's the president for God's sake. You really are in a parallel universe.Ah yes..When all else fails fling accusations like globs of mud in the hope that some of it sticks.
Well, Squeaky, not today.
I stated the facts which are not in dispute.
Home values dropped and continue to to do so because of the federal government's interference in the market. The federal government also guaranteed the entire sub prime market as a further incentive to lend to previously unqualified applicants.
Obama has done NOTHING to stem the downward spiral in home values.
Now the federal reserve at the encouragement from the White House is about to stab us in the back again with yet another QE. Yes, pump up the financial markets with fake money, watch the DJIA rocket upward, Obama looks good and the value of the dollar plummets. Guess what. It won't work. As soon as the price of gas starts rising again as a result of the weaker Dollar, Obama will once again have to make excuses and again threaten the oil industry with confiscatory taxes again. As though the oil companies can control the commodities exchanges. Christ.
Now you go ahead and make more excuses and obfuscations in defense of the President. At the end of the day, Obama still must face the music.
Hate the man? No. Despise what he has done to this nation? Absolutely.
The fact is liberalism has never worked. Obama is a big government central planning elitist.
Blah, Blah Blah Blah Blah. You idiots repeat the same shit in every thread no matter what the actual topic is. It's like you don't know what else to say....actually, it's exactly like that.
When you can link me to a thread where you ever get Obama a chance or the benefit of the doubt....with anything, you might be worth listening to. But you can't, so you're not.
Obama is who he is and has done what he has done. I am opposed to liberalism and socialism.
Obama's ideology and policies are both liberal and socialist.
And that's the ballgame. No rebuttal. NO substance. Just whining from you.
Sheesh.
The only point proven is your undying need to have the last word.Why on earth would Obama get "the benefit of the doubt. He's the president for God's sake. You really are in a parallel universe.Blah, Blah Blah Blah Blah. You idiots repeat the same shit in every thread no matter what the actual topic is. It's like you don't know what else to say....actually, it's exactly like that.
When you can link me to a thread where you ever get Obama a chance or the benefit of the doubt....with anything, you might be worth listening to. But you can't, so you're not.
Obama is who he is and has done what he has done. I am opposed to liberalism and socialism.
Obama's ideology and policies are both liberal and socialist.
And that's the ballgame. No rebuttal. NO substance. Just whining from you.
Sheesh.
Thanks for proving my point. He was a failure even before he began to you. Hence all your "deep" insight and analysis is completely meaningless. Just like this thread.
The only point proven is your undying need to have the last word.Why on earth would Obama get "the benefit of the doubt. He's the president for God's sake. You really are in a parallel universe.
Obama is who he is and has done what he has done. I am opposed to liberalism and socialism.
Obama's ideology and policies are both liberal and socialist.
And that's the ballgame. No rebuttal. NO substance. Just whining from you.
Sheesh.
Thanks for proving my point. He was a failure even before he began to you. Hence all your "deep" insight and analysis is completely meaningless. Just like this thread.
Have at it. Go ahead. You cannot help yourself. You're a lib. Libs MUST have the last word.
It's actually quite simple. The trick is not to overdo it. When you put more money in the hands of lower and middle income workers, which happen to be the bulk of the populace and the ones who actually purchase the bulk of goods and services, you expand the economy. Those at the top reap the benefits as their business increase in revenue and profit. It's win win for everyone. Of course, it is easily possible to take the scenario too far, as in the way of Marxism. That does not work as it just makes everyone poor.
The thing is that there would not have to be any redistribution of wealth if employers spread the wealth a bit themselves through better pay and benefits. Getting super wealthy at the expense of everyone else does not benefit anyone in the long run, yet greed seems to lead us down this path over and over again. It is one of the pitfalls of capitalism. That is not to say we should move away from capitalism, but we should be aware that sometimes constraints are necessary.
Who decides what "enough" is? That's always the rub whenever someone says the rich should just pay more.
Who decides how much we need to run a modern nation? For better or worse, we do. Who decides how progressive our income taxes should be, we also do.
The demise of the middle class began with Reagan.
It's actually quite simple. The trick is not to overdo it. When you put more money in the hands of lower and middle income workers, which happen to be the bulk of the populace and the ones who actually purchase the bulk of goods and services, you expand the economy. Those at the top reap the benefits as their business increase in revenue and profit. It's win win for everyone. Of course, it is easily possible to take the scenario too far, as in the way of Marxism. That does not work as it just makes everyone poor.
The thing is that there would not have to be any redistribution of wealth if employers spread the wealth a bit themselves through better pay and benefits. Getting super wealthy at the expense of everyone else does not benefit anyone in the long run, yet greed seems to lead us down this path over and over again. It is one of the pitfalls of capitalism. That is not to say we should move away from capitalism, but we should be aware that sometimes constraints are necessary.
Who decides what "enough" is? That's always the rub whenever someone says the rich should just pay more.
3% more on income is all that is required to return to the pre Bush tax-cuts. Also treat all income as income. No special cheap rate for income from long term capital gains.
Carter was trying to slowly take the needle out of our arm. Raygun jab it back in and hit the plunger. Oil junkies.
WTF? "Oil Junkies?" Cheap energy is probably the best thing that ever happened to ANY socioeconomic class, but most of all the lower class.
Maybe it would help if you slowly took your head from your ass, then jab it back on and hit the plunger.
Yes, Oil Junkies. Didn't stay cheap for long. Like any good dealer as soon as we were hooked the price started jumping didn't it? Rayguns lasting legacy: An oil dependent superpower with no where to turn but their military to keep the owners of the oil in line. But you should be proud, it's only cost a few thousand American Soldiers if you don't count the civilian costs. So what if we've created a new generation of terrorist who hate us with a passion........
Obama isn't responsible for the decline in asset values. That's idiotic. However, he bears some responsibility for the anemic recovery, given the uncertainty his policies such as healthcare reform have created. But even such, the recovery would have been weak anyways. Likewise, Bush bears some responsibility for this mess, but again, much of what happened was a result of what he inherited.
Obama isn't responsible for the decline in asset values. That's idiotic. However, he bears some responsibility for the anemic recovery, given the uncertainty his policies such as healthcare reform have created. But even such, the recovery would have been weak anyways. Likewise, Bush bears some responsibility for this mess, but again, much of what happened was a result of what he inherited.
That's a good point.
But the credit crunch is all Obama. FDIC stress tests designed to intentionally close local banks to favor large (and some foreign) banks have killed small business financing.
...Show me how redistributing wealth can cause all wealth to go up.
Obama does not want to raise cap gains tax to create more wealth for redistribution. He wants to raise cap. gains taxes because he wants to get even with the rich....treat all income as income. No special cheap rate for income from long term capital gains.
Partially correct. The problem is not the banks. The problem was caused by our federal government meddling in the marketplace.Obama isn't responsible for the decline in asset values. That's idiotic. However, he bears some responsibility for the anemic recovery, given the uncertainty his policies such as healthcare reform have created. But even such, the recovery would have been weak anyways. Likewise, Bush bears some responsibility for this mess, but again, much of what happened was a result of what he inherited.
That's a good point.
But the credit crunch is all Obama. FDIC stress tests designed to intentionally close local banks to favor large (and some foreign) banks have killed small business financing.
There's always a credit crunch in the aftermath of a collapse of a massive credit fueled asset bubble. That's what is supposed to happen. Politics is tangential in the aftermath.
It has always been an assertion of mine that class envy liberal's view of taxation not as a means to raise revenue but, as a means to punish....Show me how redistributing wealth can cause all wealth to go up.Obama does not want to raise cap gains tax to create more wealth for redistribution. He wants to raise cap. gains taxes because he wants to get even with the rich....treat all income as income. No special cheap rate for income from long term capital gains.
[ame=http://www.youtube.com/watch?v=c4iy2OfScQE]Obama's Capital Gains Tax "Fairness" - YouTube[/ame]
He admitted it in '08 when he was running for President that he's fully aware that cap. gains tax hikes reduce revenue, but that his aim is rather to get even with those with that kind of income.
--and that's the essence of the conflict: we're seeing a class warfare of punitive raids presented as political debate:It has always been an assertion of mine that class envy liberal's view of taxation not as a means to raise revenue but, as a means to punish....Show me how redistributing wealth can cause all wealth to go up.Obama does not want to raise cap gains tax to create more wealth for redistribution. He wants to raise cap. gains taxes because he wants to get even with the rich....treat all income as income. No special cheap rate for income from long term capital gains.
[ame=http://www.youtube.com/watch?v=c4iy2OfScQE]Obama's Capital Gains Tax "Fairness" - YouTube[/ame]
He admitted it in '08 when he was running for President that he's fully aware that cap. gains tax hikes reduce revenue, but that his aim is rather to get even with those with that kind of income.
