Couple the above with the added note that mortgage interest rates remain near historic lows.
Says volumes about this recovery ...
Americans Favor Bush Over Obama
- Thread starter cc2012
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Couple the above with the added note that mortgage interest rates remain near historic lows.
Says volumes about this recovery ...
ttystikk
Well-Known Member
Actually, everyone with skin in the game is trying to do the same thing, well or badly as the case may be. Stupid people try- and in fact also affect the economy.
This really bugs me but there is little I can do other than take that into account when trying to make my own predictions, upon which I base my own and my family's financial decision making.
You do the same, don't you?
Darth Vapour
Well-Known Member
Well that's it again where does a person invest in ?? that they are sure to get there returns back once the crash does come they cannot keep going this course,, even the lenders have been patient , and only so much land USA can place under some obviscated name Wetland or any other that you as a citizen cannot enter and they prove to the lenders China , Japan Russia , hell pretty much the rest of the world that USA is not mining it or drilling for oil on it
What screwed USA up was the fact they left the gold currency standard ..
And why there so determined to keep there noses in the middle east already Russia and china have by passed the world currency if other follow suit USA is in for major trouble
USA needs there currency to be world currency
Kadaffi was a american Allie and a good friend.. was not until he decided to make his own currency and with gold this meant USA would have to buy oil in GOLD
instead of the ass wipe paper worth nothing ,
so what happened ??? they loaded and backed rebels they made to kill him
The real truth is America is a threat to the world there against Islam yet allies with Saudi Arabia the main funds were terrorism get there money from ironic isn't it
What screwed USA up was the fact they left the gold currency standard ..
And why there so determined to keep there noses in the middle east already Russia and china have by passed the world currency if other follow suit USA is in for major trouble
USA needs there currency to be world currency
Kadaffi was a american Allie and a good friend.. was not until he decided to make his own currency and with gold this meant USA would have to buy oil in GOLD
instead of the ass wipe paper worth nothing ,
so what happened ??? they loaded and backed rebels they made to kill him
The real truth is America is a threat to the world there against Islam yet allies with Saudi Arabia the main funds were terrorism get there money from ironic isn't it
+repare you fucking retarded?
the debt and the deficit are two different things.
by "cut the deficit", i mean to say obama has cut the deficit.
yes it is.
can you name any other president who has cut the deficit by over a trillion dollars, like obama has?
would you have preferred a policy so contractionary that it sent us back into recession instead?
to cut the deficit like that while getting us out of a major recession is quite an accomplishment. all previous presidents (especially reagan) got us out of recessions through increased deficit spending and hiring more government employees. obama did the opposite.
that's fucking impressive if you have a working mass of gray matter up above.
not everyone in this exchange has that though, apparently.
no, they can't.
but the person who presents them, and how they choose to present them may be.
for the record, i think you are a long winded dumbass.
UncleBuck
Well-Known Member
because the economy contracted 4.3%, which was slightly higher than any other recession since the depression.
i posted a link to that info ya know.
UncleBuck
Well-Known Member
Darth Vapour
Well-Known Member
Yo Uncle Buck i am Canadian Eh but like reading up on how US Government "Fucked" every citizen man women and child
UncleBuck
Well-Known Member
funny, i feel just fine for having been fucked.
Fogdog
Well-Known Member
I was responding to @Darth Vapour 's assertion that nobody but himself can see what's going on in today's economy or that all of 'murica was fooled by Reagan. It may be just DV's writing style but I wasn't fooled by Ronnie Ray-gun's sunny smile, millions of people weren't fooled and @Darth Vapour is no genius.
There were plenty of people, including me, that thought Reagan's tax cuts were a bad idea. I also thought the Republican-driven tax cuts in the 1990's and in the 2000's were bad ideas too. As in these cases, tax cuts that are not balanced by spending cuts raise deficits without good reasons. For that matter, starting the Iraq war and cutting taxes was a stupendously bad idea.
That said, it is OK to run up a deficit is when the country is in a recession. Cutting spending when unemployment is unusually high makes the recession worse. This is where the tired analogy of home budgeting to federal budgets fails. When one's income drops, it is necessary to cut spending. When income from taxes drops due to a recession, cutting government spending puts more people out of work, which triggers a downward spiral in the economy as in what happened in 1929-1932. Fortunately, Obama did not listen to those that insisted on cutting spending at that time. He pushed through additional funding to keep wounded businesses alive which kept more people in work and the Fed's Quantitative Easing policy at that time kept this country from spiraling downward as it did during the Great Depression. The time for cuts in government spending is when things are good, not when they are bad.
For that matter, cutting the deficit and reducing unemployment is where Obama is winning. Although he ran high deficits early in his presidency, now that the economy is better, employment is up, deficits are declining and his presidency is moving this country's fiscal situation in the right direction.
When it comes to the economic situation of the middle class and working poor, I'm not so optimistic. That is a 30-year trend that started with Reagan.
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UncleBuck
Well-Known Member
fuck their 14% sales tax on everything, $13 packs of cigarettes, and $15 6-packs of piss water beer.
canada sucks.
ttystikk
Well-Known Member
@Fogdog You're correct that income inequality began rising with Reagan, but I'm more optimistic that lasting change can be effected. It's gotten so bad that it can't get worse, nor can it remain the same. Therefore, it must get better. The more resistance to this, the better organized the workers will get.
The pendulum has finally stopped its rightward swing and is hesitating before beginning an inexorable swing to the left. I'm sure it will end up just as absurdly liberal at some point... but that's not my problem. MY problem is how to survive now, and if hard asset prices are about to crash as well as paper assets, what does one do?
My answer is to stop believing in paper- assets OR money, and instead deal in REAL goods and services with REAL value, and investing in REAL assets such as REAL estate. Sooner or later the paper economy will come to its senses.
The pendulum has finally stopped its rightward swing and is hesitating before beginning an inexorable swing to the left. I'm sure it will end up just as absurdly liberal at some point... but that's not my problem. MY problem is how to survive now, and if hard asset prices are about to crash as well as paper assets, what does one do?
My answer is to stop believing in paper- assets OR money, and instead deal in REAL goods and services with REAL value, and investing in REAL assets such as REAL estate. Sooner or later the paper economy will come to its senses.
Fogdog
Well-Known Member
We are getting pretty off topic, I don't know what this has to do with Obama vs Bush.
And some Canadian beer is good and Coors sucks (Coors owned by Molson but its still cheaply made beer) so there @UncleBuck
ginwilly
Well-Known Member
we're potheads, what did you expect?
ttystikk
Well-Known Member
Off topic or not, what do you think?
UncleBuck
Well-Known Member
no, you're not.
ttystikk
Well-Known Member
I am!
UncleBuck
Well-Known Member
i buy that.
Darth Vapour
Well-Known Member
But one has to really look has it gone better ?? i mean anyone can do graphs and make it look like its good ... or sluff the issues aside or how about another stimulus package
numbers do not lie
http://www.usdebtclock.org/
numbers do not lie
http://www.usdebtclock.org/
ttystikk
Well-Known Member
Fuck. I'm sorry to hear it, brother. Storms were nasty all up and down the northern front range today.
Summer before last, I had this great idea to grow tomatoes and peppers under the eave of my house on the south side. Between the garage and the trees, they just never got enough sun. It hailed that year, too. Can't win...
I'm thinking Kevlar greenhouse. You?