The pubs didn't cripple the economy?
Posted By: sm on 2009-02-05
In Reply to: Well...what the Republicans DID NOT... - sam
You're snorting Kool-Aid not just swallowing it. How much has that war, based on lies and deception, cost us already? All you can blather about is abortion and welfare - famous republican diatribes to get the self-righteous fired up. I guess ignorance is bliss.
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Didn't say that. You did. It's the pubs who
JM's economic meltdown plan is exactly what now?
Evidently, pubs didn't care that McC directly denied
tried to diffuse all the scare tactics fall-out. What I want to know is why would McC supporters and their campaign turn a blind eye to a frightened senile old woman and keep right on pushing agendas that will produce more such embarrassing moments for their own candidate? Is this the kind of leadership we can expect under a McCain regime? How disconnected is this candidate from his own campaign management and supporters? Is that really the picture you want to paint for him? How much more fuel do you guys intend to use to stoke the fires of ignorance, division and deceit?
McCain seemed really sad last night when he tried to reassure that shaking, frail, senile old woman, but instead of looking presidential, he just looked like a beaten down has-been. Congratuations on an utterly moronic campaign strategy. Enjoy the fall-out.
Oh for crying out loud on a cripple's crutch!!!!
Can you not READ? Did I not post the issues......whatever they're called.... along with the date of the vote? Check it out for yourself. The voting record is good enough for me but you rabid pubs wouldn't believe anything against John McCain if God Himself came down and wrote it on the end of your nose.
Oh for crying out loud on a cripple's crutch!!!!
lighten up. I would never make light of Jesus and I take hearty exception to your even suggesting such a thing. I do believe I was replying to someone who (I hope) posted a tongue-in-cheek statement that I might be the next messiah. I am IMPRESSED BY NO ONE.
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!!
Pubs and you especially, Sam, have
Left shoe is on the right foot now. No choice left except to stew in your own juices in this regard.
The Pubs also always say...
Just look at his mother at age 94 (or whatever). She's still kicking at her age. NOT!!! No one ever asks where his father is. Dead perhaps? At what age? Will have to Google that maybe.
The same can be said for the pubs that
nm
Pubs
I'm not a pub as you put it, but a democrat, and I cringe at the thought of Obama in the white house. If it were Biden, I would definitely consider that strongly but when you have nothing but corrupt questionable activities and more than questionable acquaintances, I won't help put that kind of person in office.
I'd rather go down with the sinking ship, as some poor lost soul OP phrased it, rather than be the cause of the sinking ship.
Oh, I know, all pubs are...well,
fine and upstanding citizens and bleeding hearts for the middle class and poor. I imagine rabid Republicans are about the only ones who still think George W. Bush is a fine, honest, Christian man. I recall one Rabid around here who carried a huge sign around in the back of his pick-up truck in 2004 that said, "Vote freedom, vote God, vote Bush." Nearly made me vomit. Not surprisingly, being a rabid Republican, he is carrying around the same sign but changed Bush to McCain. But he's also crying that he lost his job, is worried about his mortgage and they can't afford for his wife to retire. Rabid people can't seem to learn anything from experience.
Here's a new one for you pubs....
Got this email this morning who says from her mouth to my ears that she is a DEMOCRAT, has never voted for a republican but says (from her mouth to my ears) that she will NEVER vote for a black president. So she sends me this with the warning in the subject line, "be afraid, be very afraid." If I didn't love her I'd wring her neck off!!
Notice to All Employees
As of November 5, 2008, when President Obama is officially elected into office, our company will instill a few new policies which are in keeping with his new, inspiring issues of change and fairness:
1. All salespeople will be pooling their sales and bonuses into a common pool that will be divided equally between all of you. This will serve to give those of you who are underachieving a “fair shake.”
2. All low level workers will be pooling their wages, including overtime, into a common pool, dividing it equally amongst yourselves. This will help those who are “too busy for overtime” to reap the rewards from those who have more spare time and can work extra hours.
3. All top management will now be referred to as “the government.” We will not participate in this “pooling” experience because the law doesn't apply to us.
4. The “government” will give eloquent speeches to all employees every week, encouraging it's workers to continue to work hard “for the good of all.”
5. The employees will be thrilled with these new policies because it's “good to spread the wealth". Those of you who have underachieved will finally get an opportunity; those of you who have worked hard and had success will feel more “patriotic.”
6. The last few people who were hired should clean out their desks. Don't feel bad, though, because President Obama will give you free healthcare, free handouts, free oil for heating your home, free food stamps, and he'll let you stay in your home for as long as you want even if you can't pay your mortgage. If you appeal directly to our democratic congress, you might even get a free flatscreen TV and a coupon for free haircuts (shouldn't all Americans be entitled to nice looking hair?) !!!
If for any reason you are not happy with the new policies, you may want to rethink your vote on November 4th.
Who said anything about pubs? I said O can't get
nm
about 5 pubs
Minority hardly even describes how you think.
And the economy isn't already gasping its
So is theft of the economy! nm
xx
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
z
Not as compelling as the economy.
x
In a McCain economy, you will be
su
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
nm
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.
Would that not stimulate the economy? sm
Think about it. If a person has a mortgage payment of say $500 a month (or any figure, really) and the government wrote a check for, say, $50K to that individual and it would pay off their house, would that not free up that $500 to be spent in other ways that would stimulate the economy?
People who are struggling to make their house payment, regardless of the reason, are still consumers and those consumers would be able to put more money back into the economy if they didn't have a mortgage payment. Isn't that the whole idea? To get more people spending more money so that more jobs would be created and so that our economy would grow?
Economy notice
Economy Notice
Due to recent budget cuts and the cost of electricity,
gas and oil, as well as current market conditions and
the continued decline of the U.S. economy,
The Light at the End of the Tunnel has been turned off.
We apologize for the inconvenience.
So much for fixing our economy
Mr. President. This is the biggest problem I have with Barrack Obama. He is all about implementing his personal agenda and making us all dependent on government while it grows bigger and bigger that he doesn't stop to think about the consequences that these actions will have on our already horrible economy. All he talks about are the jobs he has created or saved and I'm sorry.....but I don't see that from where I'm sitting. I see people all around me losing jobs or about to lose jobs and cap and trade will most definitely cause more job loss.
Let our economy fix itself, Mr. President, and then we can talk about your personal agenda. Any person who wants to raise taxes during a recession is a complete and utter moron. Obama is doing nothing but hurting the middle class....which is the class he professed to want to help so badly.
I have no doubt that Obama is smart or he wouldn't be where he is at. However, I think he lacks the experience to be our president. I personally feel that any person wanting to be president of the US should be required to have run or owned a business in the past.
I tell ya what....come 2012....I'm seriously going to be looking outside the box for our next president. Not only will I thoroughly check out the pub and dem candidate but I'm going to check out the indepedents a lot more than I ever have in the past. I think it is about time we show the two parties that they both suck and we have decided to go against both of them. Maybe that will wake them up because this going back and forth between pub and crat hasn't done us much good here lately.
I didn't miss any part and didn't say...
anything either way. I just posted a link.
Pubs would love that, but no can do.
Somebody from your cowardly party steps us and acknowledges some responsibility and culpibility in this tragedy.
If she is a sideshow, why are the Pubs
keeping her away from the media? Why hasn't she answered one question nor had one interview since she was picked as VP nominee? Seems odd to me, but then, I find JM's choice very odd and not so brilliant.
Like I said, pubs simply do not
nm
Calling all pubs.
xoxoxoxo
Pubs hate sex
Pubs think sex is a sin - click on link
Exactly! I see no comments from the Pubs.
nm
Sure and the pubs had no hand in it at all.
Maybe if the pubs weren't so against regulating it may have been averted too.
http://www.nytimes.com/2008/09/22/us/politics/22mccain.html?_r=2&adxnnl=1&oref=slogin&ref=politics&pagewanted=print&adxnnlx=1222092873-DDzUm2VKJMYWutTohJrNDQ
maybe sam's one of them rich oil pubs
well-being of the rest of us.
If that's your theory, then the pubs
should have been all for it, but they weren't, were they?
Pubs are the ones with blinders on.
nm
Exactly, pubs had to take on the responsibility
to handle the junk the dems left them with. Glad you understand.
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