Obama’s “recovery” WORSE than Bush’s “recession!”

[EdwardBaiamonte]

On November 6th, we will vote to remain a nation of idiots or to try again. I will be voting to try again.

try again means more capitalism. Liberals lack the IQ to understand capitalism so can't support it. For a liberal its all about simple solutions: tax and spend on welfare entitlements.

 

[TheGreatGatsby]

On November 6th, we will vote to remain a nation of idiots or to try again. I will be voting to try again.

try again means more capitalism. Liberals lack the IQ to understand capitalism so can't support it. For a liberal its all about simple solutions: tax and spend on welfare entitlements.

Hey__ I can't totally blame liberals for wanting hand-outs. It's human nature. Not the best of human nature, but human nature. But I encourage them to use their brain and realize that we are close to collapsing at the weight of our own greed. And when that occurs, there will be no more handouts; only pain and misery. Like the saying goes, 'we can do this the easy way or the hard way.' The hard way comes with a vote for Obama.

 

[EdwardBaiamonte]

But I encourage them to use their brain and realize that we are close to collapsing .

What's sad is that we are probably not close to collapsing as long as we can print all the money we need. So rather than collapse we will probably just trend downward for a long time.

 

[TheGreatGatsby]

But I encourage them to use their brain and realize that we are close to collapsing .

What's sad is that we are probably not close to collapsing as long as we can print all the money we need. So rather than collapse we will probably just trend downward for a long time.

A collapse may or may not be a relative term. But we will be in for a world of hurt. Don't think that mile long soup kitchen lines can't come back in our time (if we're even that lucky; if we continue as we are).

 

[regent]

On November 6th, we will vote to remain a nation of idiots or to try again. I will be voting to try again.

try again means more capitalism. Liberals lack the IQ to understand capitalism so can't support it. For a liberal its all about simple solutions: tax and spend on welfare entitlements.

Hey__ I can't totally blame liberals for wanting hand-outs. It's human nature. Not the best of human nature, but human nature. But I encourage them to use their brain and realize that we are close to collapsing at the weight of our own greed. And when that occurs, there will be no more handouts; only pain and misery. Like the saying goes, 'we can do this the easy way or the hard way.' The hard way comes with a vote for Obama.

I hear Romney has a new economic plan to rescue America. It works like this, government reduces taxes on the wealthy. the wealthy then goes out and buys stuff, lots of stuff, stuff they never thought of buying before. Then the money spent on the stuff kind of works its way down to the poor and middle class and bingo we are on our way to properity. Great plan eh? The reduction of taxes on the wealthy should not be considered a handout, no way, sure it sounds that way but it ain't.

 

[TheGreatGatsby]

try again means more capitalism. Liberals lack the IQ to understand capitalism so can't support it. For a liberal its all about simple solutions: tax and spend on welfare entitlements.

Hey__ I can't totally blame liberals for wanting hand-outs. It's human nature. Not the best of human nature, but human nature. But I encourage them to use their brain and realize that we are close to collapsing at the weight of our own greed. And when that occurs, there will be no more handouts; only pain and misery. Like the saying goes, 'we can do this the easy way or the hard way.' The hard way comes with a vote for Obama.

I hear Romney has a new economic plan to rescue America. It works like this, government reduces taxes on the wealthy. the wealthy then goes out and buys stuff, lots of stuff, stuff they never thought of buying before. Then the money spent on the stuff kind of works its way down to the poor and middle class and bingo we are on our way to properity. Great plan eh? The reduction of taxes on the wealthy should not be considered a handout, no way, sure it sounds that way but it ain't.

Thanks for that zombie analysis. I'd never heard it before. In Obama's world, I as a 'poor' person have to pay the govt thousands of dollars starting a business. Then I have to pay them a lot of money if I even hire one employee. Hardly seems like I have strong options of becoming rich on my own when I get milked by the government mafia.

In Obama's world__ a girl has her lemonade stand shut down.

 

[EdwardBaiamonte]

Then the money spent on the stuff kind of works its way down to the poor and middle class and bingo we are on our way to properity..

Trickle down is obvious. When is the last time you got a job from a poor guy?? The luxury tax on yachts was thought to be the safest of all. It nearly bankrupted the industry , all the middle class and lower class folks lost their jobs. Fool liberals had to repeal their tax.

 

[regent]

Then the money spent on the stuff kind of works its way down to the poor and middle class and bingo we are on our way to properity..

Trickle down is obvious. When is the last time you got a job from a poor guy?? The luxury tax on yachts was thought to be the safest of all. It nearly bankrupted the industry , all the middle class and lower class folks lost their jobs. Fool liberals had to repeal their tax.

Maybe that's the problem conservatives expeccted the sale of yachts to solve a recession, not gonna happen.
Hoover's trickle-down didn't work, nor Reagan's nor Bush's. The only thing that has worked is get the money into the hands of the people that will use it, not for yachts but for shoes cars and regular consumer goods. The money has to be spent, not hung on to it or parked in corporation bank account bank waiting for the economy to improve?
When a company has an inventory that is backed up with no buyers they stop manufacturing. When they stop manufacturing guess what, they begin laying off people, or and stop hiring new ones.
Money in the hands of buyers is the only solution, and the buyers are the people that have not been buying because they have no money.

 

[william the wie]

The thing about these "derivative markets," though, is that they don't actually represent actual dollars. Like much of this modern crony capitalist system, those dollars do not represent actual value.

Think about this: Although you mention that the "top 5 American banks have over $100 trillion in derivitive exposure," this is NOT an asset position--nor is it a liability on anyone's books, since that much money doesn't exist. That sort of claim on a position would simply result in another bankrupty filing (and, most likely, eventual theft of shareholder's positions). In fact, that $100 trillion is a bogus number, since it represents counting the same exposures and claims many multiples of times.

Yes. This IS an imaginary economy, and that is why it will collapse. Most wealth in the U.S. that has been created in the last three decades is imaginary, and is not connected with actual production of anything.

(HOWEVER, I do think that the Trailer Park Boys could have solved the problem easily!)

A simpler way to make the same point:

Productivity growth is exactly equivalent to increasing marginal returns, which lies on the imaginary number line in economics.

Increasing marginal returns means that supply and demand slope the same way in price vs. quantity meaning that equilibrium may or may not exist.

Capital markets and not just derivatives are complex numbers just like supply and demand have become. The math term for this is Mandelbrot sets.

Some of the more famous laws of increasing marginal returns are

Moore's law of the decreasing costs of computer memory

The software law of "The last package I shipped is my highest profit unit." can't trace the original author of this one.

Jonas Fisher's law of embedded capital reducing the cost of capital equipment.

If the real economy has the above imaginary numbers in it the capital markets will too.

 

[EdwardBaiamonte]

buyers are the people that have not been buying because they have no money.

so if that's the only problem why not have the Fed print a ton of money and give it to them????????

As a liberal you will be totally nonplussed by a simple Econ 101 question!!

 

[EdwardBaiamonte]

Hoover's trickle-down didn't work, nor Reagan's nor Bush's.

too stupid but perfectly liberal!! Hoover was a typical liberal!! Ever heard of the Hoover Dam. It was a make work liberal project!!

What didn't work was Barry's government trickle down. Ever wonder why this is the worst liberal depression since the Great liberal Depression.

 

[regent]

Hoover's trickle-down didn't work, nor Reagan's nor Bush's.

too stupid but perfectly liberal!! Hoover was a typical liberal!! Ever heard of the Hoover Dam. It was a make work liberal project!!

What didn't work was Barry's government trickle down. Ever wonder why this is the worst liberal depression since the Great liberal Depression.

And all this time I thought it was the size of govenment that defined liberalism and conservatism, now it's the building of or not building of dams that equals liberalism and conservatism. Is it just the building of dams or can it be canals, roads, airports, railroads, and other projects that defines liberalism or just dams?

 

[Nova78]

Obama the job killer,flood the country with illegals,lower the wage base ,kill small business,put more on welfare than any other ,and bankrupt the country to boot ,what a guy..........

 

[Polk]

Obama the job killer,flood the country with illegals,lower the wage base ,kill small business,put more on welfare than any other ,and bankrupt the country to boot ,what a guy..........

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Obama has deported more illegal immigrants in his first term than Bush deported in two, yet he's "flood the country with illegals"?

 

[EdwardBaiamonte]

Obama the job killer,flood the country with illegals,lower the wage base ,kill small business,put more on welfare than any other ,and bankrupt the country to boot ,what a guy..........

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Obama has deported more illegal immigrants in his first term than Bush deported in two, yet he's "flood the country with illegals"?

Gee I wonder why BO will get the immigrant vote??????????????????

 

[KissMy]

Look what happened in January 2007 when Democrats took control. We went from growing jobs per capita to loosing them massively. For 5 years now Democrats have been destroying our jobs & country & exploding the debt.

But look what happened after Reaganism destroyed American labor--we've had a continual decline of the American middle class since Reagan began the era of right wing economic policy. This is indisputable. We have had over 30 years of economic decline thanks to Reagan.

What you see is actually a collapse of the American system of crony capitalism. It accellerated under Bush, and Obama cannot stop it (nor can anyone else). The imbalance from concentrated wealth guarantees failure of this system--and no current American political party dares to speak of it.

It doesn't matter if you agree or not, the future remains the same. I personally hope Romney and the Republicans take the presidency so that they can get the blame for what happens over the next ten years.

OMG - LOL: Another Jobs Disaster Just Occurred Under Democrat Rule. A new low for the percent employed.

 

[expat_panama]

...top 5 American banks have over $100 trillion in derivative exposure. The top 9 global banks have over $200 trillion in the derivative casino. This is larger than the total GDP of every country in the world....combined. The mortgage crises was HUUUGE...right? The government laid out $1.3 trillion to bail out the financial system. You think they can come up with $100 trillion?

wow, sounds like we need a job for...

 

[KissMy]

Only 58% of us have a job (many of them low paying) & democrats think they have succeeded & deserve to be re-elected. LOL!

 

[KissMy]

The Misery Index is higher under Obama than either Bush Jr or Sr.

 

[william the wie]

The Misery Index is higher under Obama than either Bush Jr or Sr.

Have faith he'll beat out Carter too.