RDD_1210
Forms his own opinions
- May 13, 2010
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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.
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.