Horror for US Economy as Data Falls off Cliff

toddwv · Jun 8, 2011

Grant said:
Canada, with a minority Conservative government, barely felt any recession and the economy is really quite good. Any unemployment tends to be voluntary.

Grant said:

Canada, with a minority Conservative government, barely felt any recession and the economy is really quite good. Any unemployment tends to be voluntary.

The Conservatives were rewarded with a majority government recently and certainly have the support of the Canadian people. It is a very business friendly government, much like the United States used to be.

Founding Principles

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A few points:

1) "Conservative" in Canada is the equivalent of a hard-core Marxist to the quasi-conservatives here in the US. Don't consider this an insult or derogatory, it's just that to the American right-wing, anyone to the left of SIGNIFICANTLY right is a lefty. Hell, by today's GOPer standards, Jesus Christ would be mocked as a librul and Ronald Reagan would never have even gotten close to getting the Republican nomination.

2) Canada didn't destroy it's federal revenue streams.

3) The Canadian government funds national health care.

4) The Canadian government funds most of its major universities

5) Canada doesn't blow most of its federal money on a military-industrial complex that has to start conflicts every now and then or risk their OVERBLOATED budget being cut to respectable levels.

6) Canada's population is just slightly above that of the state of California.

There are other differences but those are just the ones off the top of my head.

j-mac · Jun 8, 2011

The Giant Noodle said:
You act like this is Obamas fault. Or the Dems fault. Its not. Get real man.
Shared responsibility. Unless you are getting brainwashed by salesmen like Hannity, you should understand that.

This meme of supposed "shared responsibility" is really little more than liberals not wanting ANY responsibility foisted on their narrow shoulders. :roll:

If you want to say that America's problems started down a path which brings us to today a long time ago, probably before I was born, then yes you are correct. But let's not continue the stupid **** that presupposes that the economic world started with Bush II, or that liberal policies driving toward social welfare programs aren't at the heart of all this.

FDR was a failure, only his failures took a long time to ruin the country.

Welfare, SS, Medicare/Meicaid, all made this country teeter on the edge for the past 30 years, continually being propped up by borrowing from Peter, to pay Paul. The housing bust of '08 was just the last in a long line of politicians buying votes with social programs that redistribute wealth, and give someone something that they do NOT deserve. Both parties share responsibility in that, however, it is the liberal progressives that eyed these programs as a method to change something that needed no change to begin with, and in order to do that they had to destroy the current system.

How's that workin' out now? Not too good I think.

j-mac

Grant · Jun 8, 2011

toddwv said:
1) "Conservative" in Canada is the equivalent of a hard-core Marxist to the quasi-conservatives here in the US. Don't consider this an insult or derogatory, it's just that to the American right-wing, anyone to the left of SIGNIFICANTLY right is a lefty. Hell, by today's GOPer standards, Jesus Christ would be mocked as a librul and Ronald Reagan would never have even gotten close to getting the Republican nomination.

If you would have read the information I provided you'll see that it is a Conservative Manifesto rather than a Communist Manifesto.

2) Canada didn't destroy it's federal revenue streams.

What does that mean?

3) The Canadian government funds national health care.

That's true, and they even outlawed private health care when it was introduced, a vert sorry situation. But now private health care iis coming back and the government is just looking the other way. Many wealthier Canadians were getting treated in the States for serious conditions rather than waiting in the line-ups here but that's all changing. In fact doctors who had left Canada to make more money in the States are now returning.

4) The Canadian government funds most of its major universities

Yes, they do and we've also seen rises in tuitions.

5) Canada doesn't blow most of its federal money on a military-industrial complex that has to start conflicts every now and then or risk their OVERBLOATED budget being cut to respectable levels.

Canada was relying on the US for their defense for many years while contributing next to nothing in order to maintain their bloated welfare state, just as was western Europe. This only led to the unrest we now see beginning in the States and on a grander scale in Europe. We are now increasing the size of or military in order to become more of a responsible partner and I believe that to be a good thing

6) Canada's population is just slightly above that of the state of California.

And the once prosperous state of California is going down the tubes because they aren't following Conservative principles. I'm pleased that the new government here has adopted them and am hoping that the Americans, and Europeans, do the same.

The Prof · Jun 8, 2011

today:

President Barack Obama's overall approval rating has dropped below 50 percent as a growing number of Americans worry that the U.S. is likely to slip into another Great Depression within the next 12 months, according to a new national poll.

A CNN/Opinion Research Corporation poll released Wednesday also indicates that the economy overall remains issue number one to voters, with other economic issues - unemployment, gas prices and the federal deficit - taking three of the remaining four spots in the top five.

Forty-eight percent of people questioned say they approve of how the president is handling his duties in the White House, down six points from late May. An equal 48 percent say they disapprove of how Obama's performing, up three points from late last month.

The poll indicates a slight deterioration among Democrats and independent voters, with the president's approval rating among Democrats down three points to 82 percent and down five points among independents to 42 percent.

Forty-eight percent say that another Great Depression is likely to occur in the next year - the highest that figure has ever reached. The survey also indicates that just under half live in a household where someone has lost a job or are worried that unemployment may hit them in the near future. The poll was conducted starting Friday, when the Labor Department reported that the nation's jobless rate edged up to 9.1 percent.

CNN Poll: Obama approval rating drops as fears of depression rise – CNN Political Ticker - CNN.com Blogs

seeya at the polls, progressives

The Prof · Jun 8, 2011

today:

For the first time this year, the economy slowed in several U.S. regions this spring. High gas prices weakened consumer spending, and the Japan crises reduced manufacturing output.

Four of the Federal Reserve's 12 bank regions suffered slower growth in April and May compared with earlier this year, a Fed survey reported Wednesday. The report confirmed a slew of data that portray a national economy whose growth has faltered. Hiring has slowed, orders to factories have declined and home prices have fallen.

Fed banks in New York, Philadelphia, Atlanta and Chicago said growth weakened in those regions. By contrast, the Fed regions in Boston, Cleveland, Richmond, St. Louis, Minneapolis, Kansas City, and San Francisco said growth there remained steady.

The Dallas region was the only one to report accelerating growth. That was mostly because of higher oil prices that benefited that region's energy industry.

The report, known as the "Beige Book," is based on anecdotal information gathered by officials at the Fed regional banks. It is released eight times a year and provides a more in-the-trenches review of the U.S. economy than government statistics do.

Fed survey: Economy falters in several US regions - Yahoo! Finance

4 regions slowed, 7 held steady, only dallas grew

steady, bear in mind, is 1.8% gdp

seeya at the polls, progressives

The Prof · Jun 17, 2011

wow, wapo

william daley went to the natl assoc manufacturers for money

instead he got the truth

and it was so in-your-face even the chief of staff had to admit it

It was supposed to be the White House’s latest make-nice session with corporate America — a visit by Chief of Staff William M. Daley to a meeting with hundreds of manufacturing executives in town to press lawmakers for looser regulations.

But the outreach soon turned into a rare public dressing down of the president’s policies with his highest-ranking aide.

One by one, exasperated executives stood to air their grievances on environmental regulations and stalled free-trade deals. And Daley, the former banker tasked with building ties with industry, found himself looking for the right balance between empathy and defending his boss.

At one point, the room erupted in applause when Massachusetts manufacturing executive Doug Starrett, his voice shaking with emotion, accused the administration of blocking construction on one of his facilities to protect fish, saying government “throws sand into the gears of progress.”

Daley said he did not have many good answers, appearing to throw up his hands in frustration at what he called “bureaucratic stuff that’s hard to defend.”

“Sometimes you can’t defend the indefensible,” he said.

When a paper company executive said Environmental Protection Agency regulations might cost her $10 million to $15 million to upgrade a mill, Daley said the number of rules and regulations “that come out of agencies is overwhelming.”

Later, he added: “We’re trying to bring some rationality to it.”

White House's Daley seeks balance in outreach meeting with manufacturers - The Washington Post

can YOU deny it?

america wants JOBS

the white house wants...

the white house doesn't know what it wants

seeya at the polls, progressives

Horror for US Economy as Data Falls off Cliff

toddwv

Active member

j-mac

Grant

The Prof

The Prof

The Prof