Obama's dream of collapsing the U.S. economy is finally here

Discussion in 'Politics' started by P@triot, Sep 29, 2012.

  1. P@triot
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    P@triot Gold Member

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    New orders for manufactured durable goods in August decreased $30.1 billion or 13.2 percent to $198.5 billion, the U.S. Census Bureau announced today. This decrease, down following three consecutive monthly increases, was the largest decrease since January 2009 and followed a 3.3 percent July increase. Excluding transportation, new orders decreased 1.6 percent. Excluding defense, new orders decreased 12.4 percent. Transportation equipment, down following four consecutive monthly increases, had the largest decrease, $27.8 billion or 34.9 percent to $51.9 billion.

    Shipments of manufactured durable goods in August, down two of the last three months, decreased $6.8 billion or 3.0 percent to $222.5 billion. This was also the largest decrease since January 2009 and followed a 1.9 percent July increase. Transportation equipment, down two of the last three months, had the largest decrease, $5.5 billion or 7.9 percent to $63.9 billion.

    http://content.govdelivery.com/atta...Report+on+Durable+Goods+%28August+2012%29.pdf
     
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  2. P@triot
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    P@triot Gold Member

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    The Obama Administration is actually purchasing their own debt now. China has stopped purchasing our bonds, so the Obama Administration (in their infinite wisdom) is buying it from themselves. The inflation that is on the horizon will surpass that which we experienced under Jimmy Carter. The US dollar is about to be worth less than the Mexican peso.

    Lindsey said that with the Fed purchasing at least $40 billion a month in mortgage debt through QE3, "they are buying the entire deficit."

    Fed Virtually Funding the Entire US Deficit: Lindsey - US Business News - CNBC
     
  3. Truthmatters
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    Truthmatters BANNED

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    dear idiot your team is the one who crashed everything just a few years ago.


    Your team is the one who refuses to fix anything and want all sorts of sectors in the government be drowned in the bath tub.


    Your team is the one who says what our founders gave us is evil.


    Government is not the enemy.


    The republican party has said right out loud they want the only control the people have over the wealthy who wish to enslave us all economically to their will dead.


    without government what did the world look like in the past?


    that is what you will have again when the right kills our government
     
  4. uscitizen
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    uscitizen Senior Member

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    We are still not low enough in pay to compete in the global marketplace.
     
  5. ScreamingEagle
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    ScreamingEagle Gold Member

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    hey dipshit.....we get recessions on a regular basis.....and recover from them regularly too....

    but with Obama we haven't recovered because he doesn't want us to....he doesn't care if the American people suffer....

    Obama wants to pull down the USA to become a more "manageable" country controlled by socialist world powers....
     
  6. freedombecki
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    freedombecki Let's go swimmin'! Supporting Member

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    Well, Rottweiler, foreigners do look over here once in a while.

    They are seeing a President lying to his people, calling half of his people his enemies, making the other half filled with racial hatred by his constant playing of the race card, and they are thinking "civil war."

    This avarice on the part of President Obama will harm the people of the United States by turning off friends, making us prey to international enemies who say they would like to wipe us off the face of the map, and is destroying our trade market.

    He started off by destroying the domestic energy industry when he shut down American drilling in our own waters by presidential fiat. that brought 3 communistic countries into America's drilling areas from Cuba and their buddies, the Russians, who are building rocket launch facilities across the gulf to "protect" drilling in America's waters with punitive measures, and also China, who is drilling in coordination with Cuba's instructions.

    Obama doesn't know what the hell he's doing to the country whose constitution and laws he is supposed to uphold, protecting America, not exposing them to enemy warheads.

    We need him voted out for that reason and that alone.

    His imbalanced budget situation brought about by his determination to do just what you're saying--collapsing the U.S. Economy--is clearly illustrated by two things: no budget in 4 years, and overspending with a Democrat majority Congress for 2 years that has now resulted in a $16 Trillion dollar U. S. National Debt.

    Obama's learned opinion that our deficit of $1.3 trillion that he inherited when he took office. It is now at $16 trillion: US Debt Clock in Real Time:

    [ame="http://www.youtube.com/watch?v=6jJvkkNmR_8"]Obama Declares Plan to Cut Deficit in Half - YouTube[/ame]

    He not only didn't reduce Bush's $1.3 trillion deficit by his own words, it's now $16 Trillion. That's not the fault of President Bush.
     
  7. Wry Catcher
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    Wry Catcher Platinum Member

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    Obama's dream? Let's look at Grover Norquist and the efforts of the GOP to Starve the Beast. Their plan, not Obama's.
     
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  8. Wry Catcher
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    Where did the mammoth US budget deficits come from? - Yahoo! News
     
  9. uscitizen
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    uscitizen Senior Member

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    Wry, they do not want the truth they love the myth that Obama is the all powerful messiah who can singlehandedly collapse the economy despite a republican controlled house.
     
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  10. uscitizen
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    uscitizen Senior Member

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    Some dipshits know the difference between annual budget defecit and national debt.
    Some apparently do not.
     

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