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Thread: Horror for US Economy as Data Falls off Cliff

  1. #71
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    Re: Horror for US Economy as Data Falls off Cliff

    Quote Originally Posted by Deuce View Post
    It's so cute that you think this is what will happen.
    It's a commonly-held view by those who see the world as black-and-white without the shades of gray.
    I'm already gearing up for Finger Vote 2014.

    Just for reference, means my post was a giant steaming pile of sarcasm.

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    Re: Horror for US Economy as Data Falls off Cliff

    Quote Originally Posted by JohnWOlin View Post
    I think what you guys aren't really coming to terms with is that regardless of who was running the show right now the economy would be in about the same situation. My job for example is out until August (praying it isn't longer) due to the tsunami in Japan slowing down suppliers. Regardless of whom was in the Oval Office my job would have been gone for the time being. Also what most people don't realize is countries specifically hit by the 2008 recession such as Germany, Canada, United Kingdom, Germany, Australia, haven't fully recovered either. Is it Obama's fault those countries haven't fully recovered? Of course these countries have a typically slightly smaller percentage of unemployment at around 7%. I hate to say it I think quite a few economist are right though, we won't fully recover from this crap until well after Obama or any other president that may be president in 2012 is out of office.

    People my age especially it is incredibly hard to find work with a college education or not. I talk to a lot of older people in their 50s+ telling me about when they were my age getting jobs making $18-30/hr lots of hours good benefits, good pension, etc and talking about that being a normal thing and thinking, goddamn that would be great. I think our politics on both sides could be blamed on the fact that this doesn't happen anymore (and people are happy when they make $12-15 an hour nowadays and can even get full medical coverage let alone a good pension) but I also greatly blame China and India. A lot. I think China and India has to be dealt with, in my mind China is a bigger threat to the American way of life than any terrorist organization could ever hope to be. Of course, it is our own U.S. government and corporations making it this way ****ing us as hard as possible. I think the only way this will end is one day when China and India actually have a real middle class that begins to demand real working wages, less hours, better benefits and when China is seen as being sort of a USSR style fraud. When all this **** happens and there is less incentive for these countries to keep ****ing us over so they can make $300 on a iPod that cost them $50 in parts and labor then our country will boom even more as the jobs come back this way, that or they will move to Africa.
    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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    Re: Horror for US Economy as Data Falls off Cliff

    Quote Originally Posted by TacticalEvilDan View Post
    No, there's where you sort-of got it right and didn't use your rendition of the truth to explain how the Republicans are not in control of half of the government.
    I cannot help your deficiency. Regrets.

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    Advisor toddwv's Avatar
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    Re: Horror for US Economy as Data Falls off Cliff

    Quote Originally Posted by MrVicchio View Post
    Three Simple Steps to Economic Recovery:

    1. Repeal Obamacare. It's a boondoggle that's going ot costs jobs and retard growth for YEARS.

    2. Greatly curb the EPA's over reaching (think the CO2 regulation attempts)

    3. Americans For Fair Taxation: Americans For Fair Taxation
    You must've cut-n-paste the wrong list because your list title clearly says "Economic Recovery" not "How to take America back to the 1800s".

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    Re: Horror for US Economy as Data Falls off Cliff

    Quote Originally Posted by zimmer View Post
    Let's spend even more. Raise taxes. Create more regulations and burdens!

    Yes We Can!






    .
    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.
    CORPORATE GREED AND UNION GREED
    DEMOCRATS AND REPUBLICANS
    DESTROYING THE BEST OF AMERICA ONE DAY AT A TIME

    This is the worst kind of discrimination. The kind against ME! ~ Bender

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    Re: Horror for US Economy as Data Falls off Cliff

    [QUOTE=Grant;1059544572]Canada, with a minority Conservative government, barely felt any recession and the economy is really quite good. Any unemployment tends to be voluntary.

    Quote Originally Posted by Grant View Post
    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
    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.

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    Re: Horror for US Economy as Data Falls off Cliff

    Quote Originally Posted by The Giant Noodle View Post
    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.

    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
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    Re: Horror for US Economy as Data Falls off Cliff

    Quote Originally Posted by toddwv View Post

    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.

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    Re: Horror for US Economy as Data Falls off Cliff

    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

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    Re: Horror for US Economy as Data Falls off Cliff

    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

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