Obama's Accelerating Downward Spiral For America

[Mac1958]

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Funny thing. I'm freakin' neck deep in the economy, finance and investing pretty much 7 days a week, I have to analyze and read analyses of multiple levels of domestic and foreign equity & debt markets constantly, I have to consider the actions of politicians all over the freakin' planet and their potential ramifications on global markets, and I have to look carefully at employment and business & consumer behavior all the time.

And neither I nor the experts I know and follow can tell you with certainty where the global economy is right now, nor where it is heading. It's a massive, deep, complex and symbiotic puzzle that has constantly moving parts.

But all this time, I guess all I should have done was point the finger of blame at one President or the other.

Wow, all the time I could have saved!

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This mess was avoidable.

Bush allowed the broker rules to go without replacing them with what was passed in the GLBact.

No broker rules.

If you are who you say you are how can you pretend that doesnt matter?

An absolutely perfect example of my point.

Yeah, it's all that guy's fault. Yeah, him, over there.

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[Stephanie]

And our leader until 20Jan17. Get used to it, Snippy.

you mean our whiner in chief until November

leader

 

[edthecynic]

SNIP'

Comment now

New income data from the Census Bureau reveal what a great job Barack Obama has done for the middle class as President. During his entire tenure in the oval office, median household income has declined by 7.3%.

In January, 2009, the month he entered office, median household income was $54,983. By June, 2012, it had spiraled down to $50,964. That’s a loss of $4,019 per family, the equivalent of losing a little less than one month’s income a year, every year. And on our current course that is only going to get worse not better.

Obama never tires of telling us that the economy was in one of the worst recessions since the Great Depression when he entered office, as if he was the only President to have suffered a recession early in his term. But nobody expected that he would use the vast powers of the most powerful office in the world to make it worse. But that is what he has done.

Even if you start from when the recession ended in June, 2009, the decline since then has been greater than it was during the recession. Three years into the Obama recovery, median family income had declined nearly 5% by June, 2012 as compared to June, 2009. That is nearly twice the decline of 2.6% that occurred during the recession from December, 2007 until June, 2009. As the Wall Street Journal summarized in its August 25-26 weekend edition, “For household income, in other words, the Obama recovery has been worse than the Bush recession.”

The Journal elaborated, “The President portrays the financial decline of American families on his watch as part of a decades-long trend. He’s wrong. Real income for middle income households rose by roughly 30% from 1983 to 2005, according to the Congressional Budget Office.” And MSNBC hosts, listen up, you might learn something. The Journal further explains, “The political left likes to blame the ebbing of union power. But non-government unionization fell dramatically in the 1980s and 90s, and incomes rose.”

True, income growth lagged from where it should have been during the Bush years. But that only reflected the abandonment of half of Reagan’s economic program during those years. While Bush’s tax rate reductions did promote growth, Bush and the Republican Congress lost control of federal spending during the 2000s. Federal spending as a percent of GDP increased by one-seventh during the Bush years, almost exactly reversing the gains that had been won under Speaker Gingrich’s Republican Congress in the 1990s. (Clinton played a good rhetorical game appearing to fight the spending reductions, but deserves great credit for substantively giving into them in the end.)

read it all here
Obama's Accelerating Downward Spiral For America - Forbes

Notice how the deliberately dishonest always atart with the day President Obama took office, as if the failed policies of the Bush Regime ended the day he slinks out of office. But even Willard Mitt THE Twit wants a year to allow his policies to take effect, a year that the Right refuses to give the President.

 

[NYcarbineer]

Do stupid fuking rethugs like Snipper and Stapanie, get up every morning and tell themselves; there was no President before Obama, there was no President before Obama, there was no President before Obama. etc etc ad infinitum.

How ignorant are you two?

Never mind. You have already answered that question. The only one you have ever answered. Prettyfukingstupid. And you two prove it every day.

Stephanie gets up every morning worrying about whether she'll be able to squeeze her fat ass into her GOP cheerleader outfit.

Sniper gets up every morning wondering why a loser like Stephanie still thinks she's too good for him.

 

[Stephanie]

Do stupid fuking rethugs like Snipper and Stapanie, get up every morning and tell themselves; there was no President before Obama, there was no President before Obama, there was no President before Obama. etc etc ad infinitum.

How ignorant are you two?

Never mind. You have already answered that question. The only one you have ever answered. Prettyfukingstupid. And you two prove it every day.

Stephanie gets up every morning worrying about whether she'll be able to squeeze her fat ass into her GOP cheerleader outfit.

Sniper gets up every morning wondering why a loser like Stephanie still thinks she's too good for him.

my my, such personal insults and all for what?
you and the zeke make a good pair

 

[Seawytch]

Notice how the deliberately dishonest always atart with the day President Obama took office, as if the failed policies of the Bush Regime ended the day he slinks out of office. But even Willard Mitt THE Twit wants a year to allow his policies to take effect, a year that the Right refuses to give the President.

A year?

I came in and the jobs had been just falling like off a cliff, and I came in and they kept falling for 11 months. And then we turned it around and we're coming back, and that's progress. And if you're going to suggest to me that somehow the day I got elected somehow jobs should immediately turn around, well that would be silly. ~ Willard Romney 2006

Video: 2004 Mitt Romney Says It’s ‘Poppycock’ To Blame President For Job Market

Romney calls his own statements Poppycock and silly.

Hey Mittens...

 

[007]

What did people expect? What kind of a MORON would have voted for the kenyan in the first place? But now, after we see what kind of a socialist/marxist/commie lover this little shit stain is, better question is, who would vote for him NOW? I'll tell you, "someone like him." A socialist/marxist/commie that's expecting to get something for nothing. Someone that expects the government to run every single aspect of their life from womb to tomb. A follower, a sheeple, someone incapable of assuming any level of personal responsibility. An IDIOT. Just look at who the people are on this board that support obama. They are the biggest MORONS here, and TM is a SHINING example. Anyone here that would agree with anything that RETARDED, BRAIN DEAD, BUBBLE HEAD would say has to be a complete fucking IMBECILE, but they're here, in this thread even. People so stupid it can cause nausea.

But don't worry. The little kenyan boy that's fucked up more shit than all the rest of our nation's presidents PUT TOGETHER is GONE in November. Thank GOD the more intelligent people in this country out number the MORONS...

 

[007]

 

[007]