What's wrong with our economy?

[boedicca]

What's wrong with our economy?

We're getting exactly what we invested in by subsidizing unemployment and lack of ambition (lifestyle welfare): lower employment and lower growth. Add to that QE^Infinity which enables banksters to make money by essentially loaning free Fed sponsored money bank to the government for a risk free interest spread and we get increased paper wealth with lackluster economic growth.

These are the logical results of Progressive "Government at the center of the economy" ideology.

Free $ helping out Big Wall St Banks? (!) OMG... is that why the market is so High?

Shirley, you can't be serious.

 

[Moonglow]

The software provided to Lenders was bypassed by rubber stamping managers who wanted more fees and commissions.

yes everyone thought liberals would keep inflating home prices forever so there seemed to be no risk. Still over your head?

I lived in a GOP controlled area, they were inflating assessments values of homes for more taxes...until the county was taken to court and made to refund the over assessment of home value taxes received...

 

[EdwardBaiamonte]

What's wrong with our economy?

We're getting exactly what we invested in by subsidizing unemployment and lack of ambition (lifestyle welfare): lower employment and lower growth. Add to that QE^Infinity which enables banksters to make money by essentially loaning free Fed sponsored money bank to the government for a risk free interest spread and we get increased paper wealth with lackluster economic growth.

These are the logical results of Progressive "Government at the center of the economy" ideology.

Free $ helping out Big Wall St Banks? (!) OMG... is that why the market is so High?

market high because of quantative easing and good international profits while USA economy is slowest since Great Depression thanks to Barry's idiotic policies.

 

[EdwardBaiamonte]

The software provided to Lenders was bypassed by rubber stamping managers who wanted more fees and commissions.

yes everyone thought liberals would keep inflating home prices forever so there seemed to be no risk. Still over your head?

I lived in a GOP controlled area, they were inflating assessments values of homes for more taxes...until the county was taken to court and made to refund the over assessment of home value taxes received...

and does that mean the massive liberal soviet interferene in the economy did not cause the boom and bust?

 

[CrusaderFrank]

Problem #1: A POTUS who believe the private sector is "behind enemy lines"

 

[bugs]

What's wrong with our economy?

We're getting exactly what we invested in by subsidizing unemployment and lack of ambition (lifestyle welfare): lower employment and lower growth. Add to that QE^Infinity which enables banksters to make money by essentially loaning free Fed sponsored money bank to the government for a risk free interest spread and we get increased paper wealth with lackluster economic growth.

These are the logical results of Progressive "Government at the center of the economy" ideology.

Free $ helping out Big Wall St Banks? (!) OMG... is that why the market is so High?

market high because of quantative easing and good international profits while USA economy is slowest since Great Depression thanks to Barry's idiotic policies.

well, from where i am standing.. the Economy Round here Sucks. Bad. and that is a FACT if not for the Welfare (food cards, etc) People would be Starving..

 

[EdwardBaiamonte]

Problem #1: A POTUS who believe the private sector is "behind enemy lines"

yes those were Barry's words from his book when he was talking about a summer job he had on Wall Street!! What a surprise that he is mismanaging the economy so!

 

[boedicca]

What's wrong with our economy?

We're getting exactly what we invested in by subsidizing unemployment and lack of ambition (lifestyle welfare): lower employment and lower growth. Add to that QE^Infinity which enables banksters to make money by essentially loaning free Fed sponsored money bank to the government for a risk free interest spread and we get increased paper wealth with lackluster economic growth.

These are the logical results of Progressive "Government at the center of the economy" ideology.

Free $ helping out Big Wall St Banks? (!) OMG... is that why the market is so High?

market high because of quantative easing and good international profits while USA economy is slowest since Great Depression thanks to Barry's idiotic policies.

well, from where i am standing.. the Economy Round here Sucks. Bad. and that is a FACT if not for the Welfare (food cards, etc) People would be Starving..

They wouldn't be starving if they had jobs created by a faster growing economy.

 

[bugs]

What's wrong with our economy?

We're getting exactly what we invested in by subsidizing unemployment and lack of ambition (lifestyle welfare): lower employment and lower growth. Add to that QE^Infinity which enables banksters to make money by essentially loaning free Fed sponsored money bank to the government for a risk free interest spread and we get increased paper wealth with lackluster economic growth.

These are the logical results of Progressive "Government at the center of the economy" ideology.

Free $ helping out Big Wall St Banks? (!) OMG... is that why the market is so High?

market high because of quantative easing and good international profits while USA economy is slowest since Great Depression thanks to Barry's idiotic policies.

well, from where i am standing.. the Economy Round here Sucks. Bad. and that is a FACT if not for the Welfare (food cards, etc) People would be Starving..

They wouldn't be starving if they had jobs created by a faster growing economy.

Indeed.

i keep thinking back to when little H. Ross Perot said NAFTA would be Bad...

 

[EdwardBaiamonte]

What's wrong with our economy?

We're getting exactly what we invested in by subsidizing unemployment and lack of ambition (lifestyle welfare): lower employment and lower growth. Add to that QE^Infinity which enables banksters to make money by essentially loaning free Fed sponsored money bank to the government for a risk free interest spread and we get increased paper wealth with lackluster economic growth.

These are the logical results of Progressive "Government at the center of the economy" ideology.

Free $ helping out Big Wall St Banks? (!) OMG... is that why the market is so High?

market high because of quantative easing and good international profits while USA economy is slowest since Great Depression thanks to Barry's idiotic policies.

well, from where i am standing.. the Economy Round here Sucks. Bad. and that is a FACT if not for the Welfare (food cards, etc) People would be Starving..

They wouldn't be starving if they had jobs created by a faster growing economy.

yes stimulus was $787 billion, corporations have $3 trillion that they would bring back if we eliminated corporate tax. Plus they would bring back about 30 million jobs. Marxist stupid liberals want to punish corps with corp. taxes so they let America suffer!!

 

[usmcstinger]

US is the largest economy in the world. It is approximately 18% of global GDP. At the same time the United States is also the world's largest importer. Import constantly exceed exports, creating a trade deficit. Inefficient allocation of the budget led to the fact that the United States federal budget is also constantly in deficit. The problem is that the United States is spending budget money on completely ineffective programs: military operations and engineering research of the Pentagon, social programs and health programs
In fact, today the economy of the United States is, as they say, "soap bubble", which will soon really should burst, the only question is when and after what event, whether it will be another war, economic reform or the new president of pointless project "stabilization of the economy "

the stock market is at ALL TIME RECORD Highs and That right there is Proof we are in a Massive Recovery! LOL!

The Stock Market is not the economy. If we are in a massive recovery, our GDP would be higher, wages would increase and the Labor Participation Rate would be better than 62.5%. You need to take Economics 101.

 

[EdwardBaiamonte]

US is the largest economy in the world. It is approximately 18% of global GDP. At the same time the United States is also the world's largest importer. Import constantly exceed exports, creating a trade deficit. Inefficient allocation of the budget led to the fact that the United States federal budget is also constantly in deficit. The problem is that the United States is spending budget money on completely ineffective programs: military operations and engineering research of the Pentagon, social programs and health programs
In fact, today the economy of the United States is, as they say, "soap bubble", which will soon really should burst, the only question is when and after what event, whether it will be another war, economic reform or the new president of pointless project "stabilization of the economy "

the stock market is at ALL TIME RECORD Highs and That right there is Proof we are in a Massive Recovery! LOL!

dear, if it was a massive recovery unemployment would not be 12%(u6) and wages would be going up not down!! Simple enough for you?

 

[bugs]

US is the largest economy in the world. It is approximately 18% of global GDP. At the same time the United States is also the world's largest importer. Import constantly exceed exports, creating a trade deficit. Inefficient allocation of the budget led to the fact that the United States federal budget is also constantly in deficit. The problem is that the United States is spending budget money on completely ineffective programs: military operations and engineering research of the Pentagon, social programs and health programs
In fact, today the economy of the United States is, as they say, "soap bubble", which will soon really should burst, the only question is when and after what event, whether it will be another war, economic reform or the new president of pointless project "stabilization of the economy "

the stock market is at ALL TIME RECORD Highs and That right there is Proof we are in a Massive Recovery! LOL!

dear, if it was a massive recovery unemployment would not be 12%(u6) and wages would be going up not down!! Simple enough for you?

yes. it was Sarcasm.. LOL!

 

[EdwardBaiamonte]

The problem is that the United States is spending budget money on completely ineffective programs: military operations
"

dear, they are bombing ISIL as we speak to prevent them from coming here to cut our heads off while we are still alive. If you say that is completely ineffective you are a little slow. Don't you need your head?

 

[Luddly Neddite]

Damn! If only we had a Republican in the White House Sep 2008!
Oh wait, we did!

And we're still digging out of the mess he made.

 

[EdwardBaiamonte]

Damn! If only we had a Republican in the White House Sep 2008!
Oh wait, we did!

And we're still digging out of the mess he made.

Luddy is an idiot liberal puppet who hates without reason like a Nazi or Fascist

Bush did not make Fanny Fred Fed FDIC SEC CRA FHA VA etc etc. These are liberal creations that massively interfered with a self-correcting Republican free market.


"These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis," said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."-Barney Frank


Rep. Maxine Waters (D., Calif.), speaking to Housing and Urban Development Secretary Mel Martinez:

Secretary Martinez, if it ain't broke, why do you want to fix it? Have the GSEs [government-sponsored enterprises] ever missed their housing goals?

* * *
House Financial Services Committee hearing, Sept. 25, 2003:

Rep. Frank: I do think I do not want the same kind of focus on safety and soundness that we have in OCC [Office of the Comptroller of the Currency] and OTS [Office of Thrift Supervision]. I want to roll the dice a little bit more in this situation towards subsidized housing. . . .

* * *
House Financial Services Committee hearing, Sept. 25, 2003:

Rep. Gregory Meeks, (D., N.Y.): . . . I am just pissed off at Ofheo [Office of Federal Housing Enterprise Oversight] because if it wasn't for you I don't think that we would be here in the first place.


What happened next was extraordinary. For the first time in history, a serious Fannie and Freddie reform bill was passed by the Senate Banking Committee. The bill gave a regulator power to crack down, and would have required the companies to eliminate their investments in risky assets.

Different World

If that bill had become law, then the world today would be different. In 2005, 2006 and 2007, a blizzard of terrible mortgage paper fluttered out of the Fannie and Freddie clouds, burying many of our oldest and most venerable institutions. Without their checkbooks keeping the market liquid and buying up excess supply, the market would likely have not existed.

But the bill didn't become law, for a simple reason: Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans, tied in knots by the tight Democratic opposition, couldn't even get the Senate to vote on the matter.

 

[Luddly Neddite]

 

[Luddly Neddite]

Damn! If only we had a Republican in the White House Sep 2008!
Oh wait, we did!

And we're still digging out of the mess he made.

Luddy is an idiot liberal puppet who hates without reason like a Nazi or Fascist

I stated my reason for hating W.

And little Eddy dear, earlier I was called a conservatard.

http://www.usmessageboard.com/threads/luddwatch-2014.375507/

Sure would be nice if the nutters would get their childish name calling straight.

 

[EdwardBaiamonte]

Sure would be nice if the nutters would get their childish name calling straight.

you want them to get name calling straight? Why would you care unless you are pathetic and trivial?

Luddy: And we're still digging out of the mess he(Bush) made.

EB: Luddy is an idiot liberal puppet who hates without reason like a Nazi or Fascist

EB: Bush did not make Fanny Fred Fed FDIC SEC CRA FHA VA etc etc. These are liberal creations that massively interfered with a self-correcting Republican free market.
Luddy: cant answer???

 

[Joe Steel]

... The problem is that the United States is spending budget money on completely ineffective programs: military operations and engineering research of the Pentagon, social programs and health programs ...

No, the problem with the US economy is the productivity gap. Since the late '70s, productivity has been increasing but capitalists haven't been sharing their increased profitability with workers. Without that fair share, workers were able to maintain their consumption of goods and services only by working more hours and borrowing. Now they've hit their limit. They can't borrow enough and they can't work more hours. The economy will continue to stagnate until they get their fair share of the wealth they create.