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As I've noted before:
Recovery Summer = Endless Bummer
As I've noted before:
Recovery Summer = Endless Bummer
Not sure if it's "endless", but the economy is really fkd-up. Now they're saying that there is a bubble in the bond market?! WTF?? Worst case with bonds is you should get your money back?! Like the Treasury isn't going to pay.....I don't get the "bond bubble?
The DC whores need to fix Fannie/Freddie and the other scam cash cows they invented. Now China just passed Japan as the #2 economy in the world, and they know what to do with their money, not waste it on entitlements. They are developing new weapons...if we thought the economy was a problem....
Neither party has had a good record of reducing spending.I waited 35 years for that to happen. It never did. I left.That's why incumbents are not getting re-elected. People are tired of the lifelong politician who doesn't do jack except sit back and enjoy the good life while his people struggle. They don't care about us. Maybe come November we can get some people in there who actually care about us.
Neither party has been successful in keeping us out of war.
Neither party has had any real success at making us energy independent.
Neither party has been able to keep us out of recession.
And neither party has the answer on how to pull the country out of recession. Republicans would keep taxes low for the wealthy which would increase the deficit because they will not be able to reduce spending. The Democrats will continue applying fiscal stimulus to the economy. As in the past, this will only provide temporarily relief.
Despite the efforts of both parties, the economy will recovery in it's on time. Once business is confident that consumer spending will return they will start spending the cash they are piling up and expand. Once individuals gain confidence that they will find a job or keep the job they have, they will start spending more. There is no way to know what will provide that confidence. It could be taxes, foreign markets, government spending, news that inspires both business and the public, or a combination of events. Both conservatives and liberals will claim they have the solution. Economist and politicians on both sides will claim they see exactly what needs to be done. But the only clear sight they have is hindsight.
May as well keep the good news flowing....
Snapshot of economy about to get a lot bleaker - Yahoo! News
Can you imagine what it would be like if we weren't in "The Summer of Recovery"?
I wonder if people are starting to catch on that the Obama Administration really has no clue and that they just say whatever they want, knowing that the majority of people are just going to blindly believe them like mindless zombies. Well, I guess he got elected that way so why change...
May as well keep the good news flowing....
Snapshot of economy about to get a lot bleaker - Yahoo! News
Can you imagine what it would be like if we weren't in "The Summer of Recovery"?
I wonder if people are starting to catch on that the Obama Administration really has no clue and that they just say whatever they want, knowing that the majority of people are just going to blindly believe them like mindless zombies. Well, I guess he got elected that way so why change...
After the news later today, anyone still saying the Stimulus Act worked, or that Obama and his administration know what they are doing, is a complete and total fool, or a bald-faced liar.
August 27, 2010
"Regarding the stimulus, the answer is pretty clear. In a report out this week, the CBO estimates that between 1.4 million and 3.3 million fewer people would be employed right now if the American Recovery and Reinvestment Act had never made it through Congress.
In addition, it's unlikely that extending the cuts for the richest Americans would have much of an effect on small-business hiring, which is a claim that Republicans make with some regularity. Why? Because only 2 percent of taxpayers in the top two income brackets actually run small businesses. The other 98 percent of small-business owners make less than $250,000 a year and wouldn't pay higher taxes under Obama's plan.
History isn't on the GOP's side, either. If keeping the top marginal tax rate at 35 percentthe rate under Bush, and the rate that Republicans are fighting to preservespurs so much hiring, why didn't America experience any job growth at all during Bush's time in office? And if a top marginal tax rate of 39.6 percentthe rate under Bill Clinton, and the rate that Democrats are fighting to restoreis such a job killer, why did payrolls grow by 20 percent during the 1990s?
The bottom line, then, is that recent GOP proposals would produce fewer jobs and far larger deficits than the plans Obama has already passed or currently wants to pass. This isn't to say that the Republicans couldn't create jobs or cut the deficit if restored to powerjust that right now, they've chosen to support policies that would prove less effective in both respects than the Democratic programs they so vehemently criticize."
Oh yeh,I am really digging the Summer of recovery......how bout you Libs?
What if the President comes back from this vacation and goes in front on the camera and teleprompter and gives a speech to the American people and says the following.Look folks by now it's painfully obvious that what we have tried so far is not working.I am willing to admit that I am in over my head here.I never ran a business never had a real job if you want to know the truth and now i am trying to run a country.Well I have pretty much run it into the ground.I am willing to step aside and let someone besides the VP do it because,well we all know how that would turn out.I wonder if we could get Hillary to step in and try to fix this mess,maybe Bill will help out.Right now I just want to stay on vacation and spend some time with the wife....maybe get some more of those strimps.....