Democrats killed our economy when they took
Posted By: over Congress 2 years ago. Pay attention.nm on 2008-10-28
In Reply to: And our bank accounts are - Marmann
nm
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Economy crashed when democrats took
nm
None. But I have not killed any either. sm.
with an organization who facilitates adoptions and alternative choices to abortion. Many girls have decided to not abort and keep their child when they have a support system and don't feel so alone. It is important work. I do put my money where my mouth is. Sometimes the easy fix is not the best fix. Why not go to the net and Google children of rape or children of incest or read some of the positive stories for people who chose life for the child. In the grand scheme of things, what is nine months of pregnancy for an entire lifetime of another person? To the tune of almost 2 million a year? If we can help ONE girl choose not to kill her baby I consider that a victory.
They killed themselves!
Good grief! Is there anything else that hurts your feelings? Just let us know so we can walk on eggshells for you.
What if the protesting is getting them killed. sm
Like it did in Vietnam?
Who Killed The Electric Car?
Wow, I just watched that documentary and it was very eye opening! The movie just talks about automotive manufacturers and oil companies crushing electric car manufactuing in the 1990s. Cars can run off of electricity alone, but of course the oil companies would lose trillions of dollars if electric cars became the norm for most Americans. I highly recommend watching the movie.
I also recommend replacing at least one regular light bulb in your home with an energy-saving model. If every household in the US did this, we could reduce global warming pollution by more than 90 billion pounds over the life of the bulbs; the SAME AS TAKING 6.3 MILLION CARS OFF THE ROAD. Wow! Just a small thing we can all do to make a big difference.
I have believed for years that big companies are running this country. They seem to have most politicians in the palm of their hand. It's sickening, really. Greed is such an ugly destructive thing, and these big corporations will never feel that they have enough money. They want more, more, more and will crush anything to get it. Many politicians are their puppets, and big corporations have entirely TOO MUCH power over this country and do not have the average American family's best interests at heart. We all need to stand up and demand more freedom from foreign oil.
my son was delivered and almost killed
by Amy the Bryman student nurse midwife.
who killed the electric car?
I love this documentary. I think GM has bad karma.
Coulter says Murtha should be killed.
It's apparently acceptable to advocate assassination as long as you're a darling of the Republican party.
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1002689569
Latest Ann Coulter Outrage: On Fragging John Murtha
By E&P Staff
Published: June 15, 2006 11:55 PM ET
NEW YORK With the brief debate over Iraq in Congress producing such acrimony this week that one congressman suggested opponents of the war support al-Qaeda, it should come as no surprise that columnist and author Ann Coulter would top them all.
In an email interview with John Hawkins at the Right Wing News web site, Coulter was asked, among other things, to offer short comments on several individuals. After harmlessly dismissing former Ambassador Joseph Wilson as the World's most intensely private exhibitionist, she said of Rep. John Murtha, the hawkish ex-Marine and now antiwar congressman: The reason soldiers invented 'fragging.'
Fragging, which became a well-known expression --and occurence -- during the Vietnam war, means soldiers attempting to kill their own officers for one reason or another.
This was so over the top that conservative Mike Krempasky at RedState.org posted, I've said before that's its kind of ironic that just about every phrase Stewie from Family Guy uses to describe Lois could easily be applied to Ann Coulter. Well - once again, Ann proves us right. He went on to call her fragging remark absolutely disgusting....there's no excuse - NONE - for the allusion to soldiers who kill other soldiers. It's despicable - and frankly, so is Coulter.
Coulter's column is syndicated by Universal Press Syndicate. On its home page, Universal hails her witty, no-holds-barred commentaries on the Washington scene. She tackles the hot issues with fervor and stands up for the things that she believes in.
E&P Staff (letters@editorandpublisher.com)
Never said Bush killed anyone. Complicit, yes.nm
z
Would you like me to quote how many children killed TI
by Hamas Muslim suicide bombers? Children have been dying all along. You have so little scope of this picture, it is insulting.
How many Hamas do you supposed they killed
when they bombed the women's dormitory at the University? Explain to me what threat the five Ba'lousheh sisters, ages 17, 14, 8, 4 and 2 and residents of Jabalya refugee camp, posed to Israel? All five were buried today. It is not enough for Israel cripple and starve the refugees with its ongoing strangling blockade of food, supplies and medicine and turn Gaza and he West Bank into one huge armed prison camp. These blood thirsty barbarians will not rest until they have satisfied their appetites with their latest fix of Arab slaughter. After all, it's already been 2 long years since Lebanon....way too long for the more ravenous among them to endure.
No, it was over 1,000. killed. Check YOUR facts.
I am not sure how reliable this source is, but here goes:
http://links.org.au/node/823
Occupied Ramallah, Palestine -- December 27, 2008 -- Today, the Israeli occupation army committed a new massacre in Gaza, causing the death and injury of hundreds of Palestinian civilians [latest reports place the death toll at more than 200].
They did not state the number of wounded, but that is a far cry from the "over 1,000 killed" that you quoted. And if you do any Google searching at all, the number varies by whatever web site you go to.
And why does Israel have to kow-tow to the world? Why does Israel get blamed for all the troubles in the middle east? Ask yourself what provoked Israel to do that? I just can't see Israel waking up and saying, "Oh boy, what a beautiful day, let's go kill ourselves some Palestinians." Everybody knows that Palestine is a Hamas stronghold and that any terrorist groups in the middle east get their money and weapons from Hamas by way of iran and other countries that hate the USA. And that is most of them.
The guy who killed the doctor isn't an extremist.
//
Cigarettes killed my dad but he still would HATE this
nm
What facts do you have that Bush killed this woman
I think the onus is on you here to prove that Bush killed somebody, not for me to prove he didn't.
Eventually, Saddam would have killed enough of his own people sm
maybe we wouldn't have to worry about it, right? I mean, really, he was only killig his own people, so what is the problem. He was persecuting his OWN people. What a guy.
You man after Israel killed 6 Palestinians on November 5 and
failed to lift the blockade, a condition of the truce they ignored the entire time? Your ignorant statement about the Kool-Aid is completely illogical since Obama voiced a fairly unequivocal sympathy for Israel back in June during his visit there. My thoughts are completely my own and are based in reality, one shared by pretty much the rest of the world outside the homeland, and on my own experiences, not 60 years of US and Israel lies and propaganda.
Do you know how many young people BUSH KILLED FOR OIL? sm
Even Palin admitted in her interview with the moron Glenn Beck that the war was at least partially about energy resources. Wise up!
Tiller the Baby Killer -- Killed
Gunned down at church this morning.
Iraqi Colleagues Killed U.S. Soldiers, Military Says
And 19 Republican senators and a conservative poster crashing this this board think that monsters like this should receive amnesty for killing our soldiers. Unbelievable.
Iraqi colleagues killed U.S. soldiers, military says
SAN FRANCISCO, California (AP) -- Two California soldiers shot to death in Iraq were murdered by Iraqi civil-defense officers patrolling with them, military investigators have found.
The deaths of Army Spc. Patrick R. McCaffrey Sr. and 1st Lt. Andre D. Tyson were originally attributed to an ambush during a patrol near Balad, Iraq, on June 22, 2004.
But the Army's Criminal Investigation Command found that one or more of the Iraqis attached to the American soldiers on patrol fired at them, a military official said Tuesday. (Watch a mother's quest for truth -- 1:26)
A Pentagon spokesman knew of no other similar incident, calling it extremely rare.
The Army has conducted an extensive investigation into the deaths but declined to provide details out of respect for relatives of the soldiers, spokesman Paul Boyce said Tuesday evening.
It was unclear whether the investigators had established a motive or arrested any suspects.
The families of McCaffrey and Tyson were to be briefed on the report's conclusions Tuesday and Wednesday by Brig. Gen. Oscar Hilman, the soldiers' commander at the time, and three other officers.
When they come I have my list of questions ready, and I want these answers and I don't want lies, McCaffrey's mother, Nadia McCaffrey, said.
Soldiers who witnessed the attack have told her that two Iraqi patrolmen opened fire on her son's unit. The witnesses also said a third gunman simultaneously drove up to the American unit in a van, climbed onto the vehicle and fired at the Americans, she said.
Nothing is clear. Nothing is clear, she said. Her son was shot eight times by bullets of various calibers, some of which penetrated his body armor, she said. She believes he bled to death.
Nadia McCaffrey has become a vocal critic of the war in Iraq, and said her son had reservations about it, too, though he served well and was promoted posthumously to sergeant.
I really want this story to come out; I want people to know what happened to my son, she said. There is no doubt to me that this (ambushes by attached Iraqi units) is still happening to soldiers today, but our chain of command is awfully reckless; they don't seem to give a damn about what's happening to soldiers.
Iraqi forces who had trained with the Americans had fired at them twice before the incident that killed Patrick McCaffrey, and he had reported it to his superiors, she said.
Boyce said the U.S. military remained confident in its operations with Iraqis.
We continue to have confidence in our operations with Iraqi soldiers and have witnessed the evolution of a stronger fighting army for the Iraqi people, he said.
Patrick McCaffrey joined the National Guard the day after the terrorist attacks of September 11, 2001, his mother said.
Tyson's family could not be located, and a message left with his former unit was not immediately returned.
McCaffrey, 34, and Tyson, 33, were members of the California National Guard. Both were assigned to the Army National Guard's 579th Engineer Battalion, based in Petaluma.
Sen. Barbara Boxer, D-California, pressed the Pentagon for answers about the case when Nadia McCaffrey was unsatisfied by explanations from the military.
Mrs. McCaffrey is set to receive a briefing from Pentagon officials (Wednesday) afternoon in California, during which we hope they will provide her with a full report of the facts surrounding Sgt. McCaffrey's death, said Natalie Ravitz, a Boxer spokeswoman.
Copyright 2006 The Associated Press. All rights reserved.This material may not be published, broadcast, rewritten, or redistributed. |
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Find this article at: http://www.cnn.com/2006/US/06/21/soldiers.ambushed.ap/index.html |
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NOBODY WHO SAYS THEY ARE GLAD A HOMOSEXUAL WAS KILLED IN PHILADELPHIA IS ENTERTAINING EITHER...
yet one the liberals who post here told me that AL Franken was an entertainer and he said that...soooo....is PERFECTING JEWS any WORSE than I WAS GLAD THE PUDDING HOMOSEXUAL WAS KILLED IN PHILADELPHIA? DO YOU UNDERSTAND?????
And if you would read my posts, you would see that I do not agree with what she said, and I do not WATCH her...because someone does not watch her does not change what she is. I did not say I was personally entertained by it...far from it. But others are...they buy her books, they go to her lectures...and an amazing number of liberals do it to heckle her or read her books just so they can slam her...but their money spends just like anyone else's...they are the ones who keep her on the front page. I also said people would ignore her she would go away. She needs an audience, and liberals make up a good deal of that audience. Geez....dial it back a notch, will ya???
Getting a blow job is worse than sending Americans to be killed?
If choosing between a president who had his penis sucked in the oval office, and a president who threw unequipped National Guard troops under the bus to try to impress his daddy, I'll take the Prez with the healthy sexual appetite any day.
10 Reasons to Impeach G. W. Bush and Dick "Shoot 'em Up" Cheney (BTW it is too bad Cheney and Bush never went hunting together):
1. Violating the United Nations Charter by launching an illegal "War of Aggression" against Iraq without cause, using fraud to sell the war to Congress and the public, misusing government funds to begin bombing without Congressional authorization, and subjecting our military personnel to unnecessary harm, debilitating injuries, and deaths.
2. Violating U.S. and international law by authorizing the torture of thousands of captives, resulting in dozens of deaths, and keeping prisoners hidden from the International Committee of the Red Cross.
3. Violating the Constitution by arbitrarily detaining Americans, legal residents, and non-Americans, without due process, without charge, and without access to counsel.
4. Violating the Geneva Conventions by targeting civilians, journalists, hospitals, and ambulances, and using illegal weapons, including white phosphorous, depleted uranium, and a new type of napalm.
5. Violating U.S. law and the Constitution through widespread wiretapping of the phone calls and emails of Americans without a warrant.
6. Violating the Constitution by using "signing statements" to defy hundreds of laws passed by Congress.
7. Violating U.S. and state law by obstructing honest elections in 2000, 2002, 2004, and 2006.
8. Violating U.S. law by using paid propaganda and disinformation, selectively and misleadingly leaking classified information, and exposing the identity of a covert CIA operative working on sensitive WMD proliferation for political retribution.
9. Subverting the Constitution and abusing Presidential power by asserting a "Unitary Executive Theory" giving unlimited powers to the President, by obstructing efforts by
1. Violating the United Nations Charter by launching an illegal "War of Aggression" against Iraq without cause, using fraud to sell the war to Congress and the public, misusing government funds to begin bombing without Congressional authorization, and subjecting our military personnel to unnecessary harm, debilitating injuries, and deaths.
2. Violating U.S. and international law by authorizing the torture of thousands of captives, resulting in dozens of deaths, and keeping prisoners hidden from the International Committee of the Red Cross.
3. Violating the Constitution by arbitrarily detaining Americans, legal residents, and non-Americans, without due process, without charge, and without access to counsel.
4. Violating the Geneva Conventions by targeting civilians, journalists, hospitals, and ambulances, and using illegal weapons, including white phosphorous, depleted uranium, and a new type of napalm.
5. Violating U.S. law and the Constitution through widespread wiretapping of the phone calls and emails of Americans without a warrant.
6. Violating the Constitution by using "signing statements" to defy hundreds of laws passed by Congress.
7. Violating U.S. and state law by obstructing honest elections in 2000, 2002, 2004, and 2006.
8. Violating U.S. law by using paid propaganda and disinformation, selectively and misleadingly leaking classified information, and exposing the identity of a covert CIA operative working on sensitive WMD proliferation for political retribution.
9. Subverting the Constitution and abusing Presidential power by asserting a "Unitary Executive Theory" giving unlimited powers to the President, by obstructing efforts by Congress and the Courts to review and restrict Presidential actions, and by promoting and signing legislation negating the Bill of Rights and the Writ of Habeas Corpus.
10. Gross negligence in failing to assist New Orleans residents after Hurricane Katrina, in ignoring urgent warnings of an AL Qaeda attack prior to Sept. 11, 2001, and in increasing air pollution causing global warming.
Congress and the Courts to review and restrict Presidential actions, and by promoting and signing legislation negating the Bill of Rights and the Writ of Habeas Corpus.
10. Gross negligence in failing to assist New Orleans residents after Hurricane Katrina, in ignoring urgent warnings of an Al Qaeda attack prior to Sept. 11, 2001, and in increasing air pollution causing global warming.
You have real issues and I've never killed an abortion doctor
nor have I condoned the very few that have. We are not all murderers. I'm sorry that something has has happened in your life to make you so against God, but demonizing us will not make your issues go away. We are not trying to be superior, but if you want religion to stay out of schools then all religion and theories (which liberalism is full of) needs to stay out too. If you want it vanilla and equal well then it works both ways.
Republicans want amnesty for terrorists who killed or wounded US troops.
The following is a compilation of Senate Republicans defending the proposal to give amnesty to terrorists who have killed or wounded US troops. These statements were made on the Senate floor yesterday.
TED STEVENS - IF THAT'S AMNESTY, I'M FOR IT: I really believe we ought to try to find some way to encourage that country to demonstrate to those people who have been opposed to what we're trying to do, that it's worthwhile for them and their children to come forward and support this democracy. And if that's amnesty, I'm for it. I'd be for it. And if those people who are, come forward... if they bore arms against our people, what's the difference between those people that bore arms against the Union in the War between the States? What's the difference between the Germans and Japanese and all the people we've forgiven? - Sen. Ted Stevens
MCCONNELL SUGGESTED A RESOLUTION COMMENDING IRAQIS FOR GIVING TERRORISTS AMNESTY. ...might it not just be as useful an exercise to be trying to pass a resolution commending the Iraqi government for the position that they've taken today with regard to this discussion of Amnesty? - Sen. Mitch McConnell
ALEXANDER COMPARED IRAQI AMNESTY FOR TERRORISTS TO NELSON MANDELA'S PEACE EFFORTS. Is it not true that Nelson Mandela's courage and his ability to create a process of reconciliation and forgiveness was a major factor in what has been a political miracle in Africa...Did not Nelson Mandela, win a - the co-winner of - a noble Nobel Peace Prize just for this sort of gesture? - Sen. Lamar Alexander
CORNYN: IRAQI AMNESTY DEBATE IS A DISTRACTION. It makes no sense for the United States Senate to shake its finger at the new government of Iraq and to criticize them... it really is a distraction from the debate that I think the American people would want us to have. - Sen. John Cornyn
CHAMBLISS: AMNESTY IS OK FOR EX-INSURGENTS AS LONG AS THEY ARE ON OUR SIDE NOW. Is it not true today that we have Iraqis who are fighting the war against the insurgents, who at one time fought against American troops and other coalition troops as they were marching to Baghdad, who have now come over to our side and are doing one heck of a job of fighting along, side by side, with Americans and coalition forces, attacking and killing insurgents on a daily basis? - Sen. Saxby Chambliss
Germany, who killed millions of Jews wants to prosecute Rumsfeld.
That makes sense.
Rights under Saddam? Any country where people are tortured, mutilated, and killed is no better
x
End of the year 2008 a total of 1.073 Palestinians were killed in Gaza and over 4,000 injured.
It is also a historical fact that the Palestinians were the FIRST to populate the Holy Land and that the Palestininas were driven from Palestine 1948, and again in the 1967 war Arab land went to Israel.
In the year 1993 the Palestinians concentrated in the 'Gaza Strip', this is a tiny, tiny land strip where 1.5 million Palestinians are living under horrible circumstances and in fear of Israeli attacks.
November 2008 Israel invaded Gaza and massacred Palestinians living there and the whole world condemned this act.
This is history!
Here's another one regarding the economy.
And you're right. Some people do.
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Falling gasoline prices have led to some improvement in consumer confidence over the past few weeks. But the public remains deeply unhappy about the state of the economy. According to the latest Gallup poll, 63 percent of Americans rate the economy as only fair or poor, and by 58 to 36 percent people say economic conditions are getting worse, not better.
Yet by some measures, the economy is doing reasonably well. In particular, gross domestic product is rising at a pretty fast clip. So why aren't people pleased with the economy's performance?
Like everything these days, this is a political as well as factual question. The Bush administration seems genuinely puzzled that it isn't getting more credit for what it thinks is a booming economy. So let me be helpful here and explain what's going on.
I could point out that the economic numbers, especially the job numbers, aren't as good as the Bush people imagine. President Bush made an appearance in the Rose Garden to hail the latest jobs report, yet a gain of 215,000 jobs would have been considered nothing special - in fact, a bit subpar - during the Clinton years. And because the average workweek shrank a bit, the total number of hours worked actually fell last month.
But the main explanation for economic discontent is that it's hard to convince people that the economy is booming when they themselves have yet to see any benefits from the supposed boom. Over the last few years G.D.P. growth has been reasonably good, and corporate profits have soared. But that growth has failed to trickle down to most Americans.
Back in August the Census bureau released family income data for 2004. The report, which was overshadowed by Hurricane Katrina, showed a remarkable disconnect between overall economic growth and the economic fortunes of most American families.
It should have been a good year for American families: the economy grew 4.2 percent, its best performance since 1999. Yet most families actually lost economic ground. Real median household income - the income of households in the middle of the income distribution, adjusted for inflation - fell for the fifth year in a row. And one key source of economic insecurity got worse, as the number of Americans without health insurance continued to rise.
We don't have comparable data for 2005 yet, but it's pretty clear that the results will be similar. G.D.P. growth has remained solid, but most families are probably losing ground as their earnings fail to keep up with inflation.
Behind the disconnect between economic growth and family incomes lies the extremely lopsided nature of the economic recovery that officially began in late 2001. The growth in corporate profits has, as I said, been spectacular. Even after adjusting for inflation, profits have risen more than 50 percent since the last quarter of 2001. But real wage and salary income is up less than 7 percent.
There are some wealthy Americans who derive a large share of their income from dividends and capital gains on stocks, and therefore benefit more or less directly from soaring profits. But these people constitute a small minority. For everyone else the sluggish growth in wages is the real story. And much of the wage and salary growth that did take place happened at the high end, in the form of rising payments to executives and other elite employees. Average hourly earnings of nonsupervisory workers, adjusted for inflation, are lower now than when the recovery began.
So there you have it. Americans don't feel good about the economy because it hasn't been good for them. Never mind the G.D.P. numbers: most people are falling behind.
It's much harder to explain why. The disconnect between G.D.P. growth and the economic fortunes of most American families can't be dismissed as a normal occurrence. Wages and median family income often lag behind profits in the early stages of an economic expansion, but not this far behind, and not for so long. Nor, I should say, is there any easy way to place more than a small fraction of the blame on Bush administration policies. At this point the joylessness of the economic expansion for most Americans is a mystery.
What's clear, however, is that advisers who believe that Mr. Bush can repair his political standing by making speeches telling the public how well the economy is doing have misunderstood the situation. The problem isn't that people don't understand how good things are. It's that they know, from personal experience, that things really aren't that good. |
The economy. It's not going anywhere
counting.
Economy going down is right.
work for, the largest transcription company in the US, is now paying us for ASR, 60% and others will get straight 4 cents a line.
Actually, no, not the economy....(sm)
I was actually referring to Pelosi and her power grab, cutting off all GOP opposition, behind closed doors, that no one will ever hear about again, from the other day.
And did you catch Barney Frank today on the retroactive rules on the TARP?
http://www.newsmax.com/politics/tarp/2009/01/09/169663.html?utm_medium=RSS
What I am doing to help the economy
1. I pray for this country and the president every day.
2. I'm not constantly complaining about everything.
3. I am not watching the DOW like it's American Idol.
4. I’ve taken fiscal responsibility for me and my home.
5. I give what I can to the food banks and my church etc. to help those who need help.
I did not vote for President Obama. I do not think he is the messiah and I certainly will not blame him for the mess we are in right now simply because we all played a part. No one forced anyone to take house loans that they could not pay, no one forces us to use our credit card and run up debts and live beyond our means, no one predicted that you would take a loan and then lose your job and be in foreclosure and no one regulated the banks like they should of.
Now that being said, in a crisis it is so easy to look for someone to blame, become angry, and forget who we are. So my advice the next time you are at your kitchen table wondering how you are going to make ends meet, that you remember who you are, an American. I would also advise getting some debt management help.
So please, instead of running around with your hands up in the air thinking the worst and claiming the sky is falling, try listening to the Star Spangled Banner or something that is positive. I have found that this helps me a lot.
Now let us all take a good long look in the mirror, have a little faith in ourselves as a country and stop beating up on each other. Have a good day everyone and God Bless America.
What I am doing to help the economy
1. I pray for this country and the president every day.
2. I'm not constantly complaining about everything.
3. I am not watching the DOW like it's American Idol.
4. I’ve taken fiscal responsibility for me and my home.
5. I give what I can to the food banks and my church etc. to help those who need help.
I did not vote for President Obama. I do not think he is the messiah and I certainly will not blame him for the mess we are in right now simply because we all played a part. No one forced anyone to take house loans that they could not pay, no one forces us to use our credit card and run up debts and live beyond our means, no one predicted that you would take a loan and then lose your job and be in foreclosure and no one regulated the banks like they should of.
Now that being said, in a crisis it is so easy to look for someone to blame, become angry, and forget who we are. So my advice the next time you are at your kitchen table wondering how you are going to make ends meet, that you remember who you are, an American. I would also advise getting some debt management help.
So please, instead of running around with your hands up in the air thinking the worst and claiming the sky is falling, try listening to the Star Spangled Banner or something that is positive. I have found that this helps me a lot.
Now let us all take a good long look in the mirror, have a little faith in ourselves as a country and stop beating up on each other. Have a good day everyone and God Bless America.
Please take Economy 101
Your pathetic little woe-is-me mentality is the problem with the economy.
Wake up, eejit. The 'rich' people are the ones paying all the taxes. The runts at the bottom - you know - the ones so unintelligent or unmotivated to make it in the world - pay no taxes and suck all the money out of the country.
No country ever got anywhere by taking down the successful people and raising up the ingrates. In America, you can get rich if you want to. But you have to work for it. If you don't have the guts or the self-motivation, you get to live according to your own means.
Suck it up.
The Economy
The Economy - Not the President - is Tanking the Market
by: Hale Stewart
One of the more ridiculous statements going around over the last few weeks is "this is an Obama bear market." This statement is, well, ill-informed at best and fraudulent at worst. Let's look at why.
First -- who is saying this? Such economic luminaries as John Hawkins at Right Wing News (who actually asked Is Obama Deliberately Tanking the Stock Market?), Powerline, Brit Hume along with a host of other right wing bloggers. What all of these people have in common is their incessant chearleading during the Bush years despite mounting evidence of an upcoming recession. There are the same people who argued that ... housing is a small part of the economy ... most people are paying their mortgages ... the US economy will decouple from the rest of the world .... it's the greatest story never told ..... you get the idea. Simply put, these are people who have distinguished themselves by being some of the best contrary indicators around.
Secondly, the SPYs -- the tracking ETF for the S&P 500 -- dropped from (roughly) 155 in the summer of 2007 to (roughly) 85 at the end of last year. Yet I don't remember any of them saying that was the Bush bear market -- even though that's a drop of roughly 43%. No -- it's the new President that's causing the problems. In addition, when Bush took office the SPYs dropped from roughly 130 at the begging of 2001 to 85 in the fourth quarter of 2002. Yet somehow I don't think any of them blamed Bush's policies for the drop. Then it was the "lasting effects of the Clinton recession" or something similar.
What all of these idiots are forgetting is the simple fact that the economy is the backdrop of the stock market. When the economy does well the stock market does well. When the economy doesn't do well, the stock market doesn't do well. And to that end, the economy isn't doing well right now. Let's look at some recent news events.
From the BEA:
Real gross domestic product -- the output of goods and services produced by labor and propertylocated in the United States -- decreased at an annual rate of 6.2 percent in the fourth quarter of 2008,(that is, from the third quarter to the fourth quarter), according to preliminary estimates released by theBureau of Economic Analysis. In the third quarter, real GDP decreased 0.5 percent.
From the BLS:
Nonfarm payroll employment continued to fall sharply in February (-651,000), and the unemployment rate rose from 7.6 to 8.1 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Payroll employment has declined by 2.6 million in the past 4 months. In February, job losses were large and widespread across nearly all major industry sectors.
From the Federal Reserve:
Reports from the twelve Federal Reserve Districts suggest that national economic conditions deteriorated further during the reporting period of January through late February. Ten of the twelve reports indicated weaker conditions or declines in economic activity; the exceptions were Philadelphia and Chicago, which reported that their regional economies "remained weak." The deterioration was broad based, with only a few sectors such as basic food production and pharmaceuticals appearing to be exceptions. Looking ahead, contacts from various Districts rate the prospects for near-term improvement in economic conditions as poor, with a significant pickup not expected before late 2009 or early 2010.
Consumer spending remained sluggish on net, although many Districts noted some improvement in January and February compared with a dismal holiday spending season. Travel and tourist activity fell noticeably in key destinations, as did activity for a wide range of nonfinancial services, with substantial job cuts noted in many instances. Reports on manufacturing activity suggested steep declines in activity in some sectors and pronounced declines overall. Conditions weakened somewhat for agricultural producers and substantially for extractors of natural resources, with reduced global demand cited as an underlying determinant in both cases. Markets for residential real estate remained largely stagnant, with only minimal and scattered signs of stabilization emerging in some areas, while demand for commercial real estate weakened significantly. Reports from banks and other financial institutions indicated further drops in business loan demand, a slight deterioration in credit quality for businesses and households, and continued tight credit availability.
From the FDIC:
Expenses associated with rising loan losses and declining asset values overwhelmed revenues in the fourth quarter of 2008, producing a net loss of $26.2 billion at insured commercial banks and savings institutions. This is the first time since the fourth quarter of 1990 that the industry has posted an aggregate net loss for a quarter. The ?0.77 percent quarterly return on assets (ROA) is the worst since the ?1.10 percent in the second quarter of 1987. A year ago, the industry reported $575 million in profits and an ROA of 0.02 percent. High expenses for loan-loss provisions, sizable losses in trading accounts, and large writedowns of goodwill and other assets all contributed to the industry's net loss. A few very large losses were reported during the quarter-four institutions accounted for half of the total industry loss-but earnings problems were widespread. Almost one out of every three institutions (32 percent) reported a net loss in the fourth quarter. Only 36 percent of institutions reported year-over-year increases in quarterly earnings, and only 34 percent reported higher quarterly ROAs.
I could go on, but you you get the idea. The news of the underlying economy has been terrible (at best). And that's what's causing the problems.
The economy had nothing to do with ........
his jumping to grow BIG and BIGGER government; he was going to do that regardless of the economy. Obama is for big government and was WAAAY before he was elected. The economy was a good excuse to scare people into electing him, as if this country couldn't pick itself up, get rid of the bad, new companies come in, and the economy would continue all on its own, WITHOUT Obama's interference. But, of course, he jumped at the chance to push his HUGE government agenda by taxing us to death. Please don't tell me you won't pay any taxes. How in the heck do you think trillions of dollars of debt will be repaid..... and no, it won't be those mean old "rich" people everyone loves to hate and it won't be the big businesses Obama wants you to hate, it will be YOU and me..... business will just pass their increased tax load onto us!! Way to go Obama!!
And the economy isn't already gasping its
So is theft of the economy! nm
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why can't the economy be first and we have the debate...
after it is fixed. Why does the debate HAVE to be on Friday?
I have learned so much about the economy over...sm
the last week but it has only made me see how much more I don't know. Pretty scary! We are all at the mercy of those in Washington and on Wall Street. Plenty of blame to go around but blame will not get us out of this mess.
The candidate who ran from the economy...
Obama voted for the bailout and that is ALL he did. That is not running from it? He still wants to spend trillions, won't say he is willing to cut spending, and wants to RAISE taxes in an economic downturn. You can't turn around the markets by raising taxes on corporations and the so-called "rich." Common sense should tell you that.
McCain has run from nothing. All Obama does is repeat the same old vagaries and NEVER gets specific about anything, but why should he? You obviously don't care. lol.
The OP is talking about the economy. nm
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Not as compelling as the economy.
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In a McCain economy, you will be
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Who has been in charge of the economy for the
Democrats own congress....... they are the ones responsible for the complete mess of this economy. But because there is a republican president, the republicans get the blame.
Republican president really can't get anything done with an all democrat congress.
He is going to do that by destroying the economy...
of Pennsylvania, West Virginia, Virginia, Ohio...making us all pay higher utility bills? What are his proposals? He doesn't want coal. He doesn't want nuclear. We CAN'T do it with windmills, not all of it, even T. Boone Pickens will tell you that.
Nuclear energy and building plants WOULD bring thousands of new jobs.
Sorry...his energy plans make NO sense to me, nor where he is going to get the billions, in this economy, to put his ideas into action.
He is already preparing the speech where he tells his faithful he can't do a lot of what he said he would do.
Snake oil salesman.
You are for, then....destroying the economy of...
the coal producing states and skyrocketing our electric bills...THIS on top of everything else, and he still looks GOOD to you? Amazing. lol.
Yes, and the economy with still stink. O will put us
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how is it going right back into the economy?
and WHO is it benefiting?
and one more thing... if this was McCain's inauguration, you would have no problem with the amount being spent either?
come on, be honest now
What would you undertake to fix the economy?.
Any better idea?
If you criticize, you have to come up with a better alternative.
fixing the economy...
I hope that by the time these projects are over, the economy will be better and the companies will therefore have new projects to move on to. The money that these jobs generate in taxes and in spending will spur more movement forward and we can hopefully start getting back on track.
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