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Thread: Did Obama contribute to the current US economic or employmnt crisis?

  1. #31
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    Re: Did Obama contribute to the current US economic or employmnt crisis?

    Quote Originally Posted by tessaesque View Post
    With all due respect, there was very little consideration before the stimulus or the bail out. It was "we need to do this NOW", and as a result nobody thought to say, "hey, let's look at some projections first". And how we have three large institutions floundering after receiving billions in loans and bailouts and the american people are holding their breath....again. The businesses screwed up, but those bills were done wrong from the start, too.
    Those businesses are failing because they run off money the American people don't have, and indeed, haven't had for a long time. Our middle class operated on credit, and now, not even that anymore, as credit companies become unwilling to take potentially unprofitable customers and Americans lose their faith in their own ability to make payments.

    All you can do is give them more money to keep them afloat in the hopes something will happen to improve the situation.

    Projections don't really matter, because the issue isn't that complicated. Businesses are used to making a certain income based on their operating size, people are no longer able to provide that income, so the businesses verge on implosion, taking with them the capability of our nation's economy to compete effectively with rival financial institutions.
    Last edited by Morality Games; 09-15-11 at 10:53 PM.
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  2. #32
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    Re: Did Obama contribute to the current US economic or employmnt crisis?

    Quote Originally Posted by Morality Games View Post
    That doesn't undervalue the importance these institutions have in America's current economic establishment relative to rival economies, and it doesn't say anything about Obama. It just means the situation is more hopeless than previously thought.
    It wasn't nearly this hopeless before he took office.

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    Re: Did Obama contribute to the current US economic or employmnt crisis?

    [QUOTE=Bob Blaylock;1059798010]Certainly, all the billions of dollars that he squandered on fraudulent, wasteful “bailouts” and “stimuli” scams, driving this nation deeper into debt at a rate never before seen, had to have contributed significantly to the current economic mess.

    Ok, Lets see, I'm 50 years old I was born in 1961. In 1980 is when I really got into politics, Reagan was President I voted for him the first time I voted. I voted for him the second time he ran. Reaganomics (trickle down economics), {fact: water flows down hill, money flows up hill. What happen to all the money that was suppose to trickle down? I worked my azz off in the 80's just to make a living. I voted for Bush 1 and Bush lite (GW), one time in there I voted for Ross Pero (what ever happen to that little crazy fellow). And of course we can't forget awesome Bill from the Ozark's, I may have voted for him one time. I also voted for John The Man McCain. I've been driving a truck from 1988, so I have a career, I'm not some lazy azz laying on my azz waiting for a hand out form the Goverment, just a hand up!!!! I added it up It would take me 6 or7 years to make $250,000, working my azz off. Alright lets add it up 8 years of Reagan, 8 years of Bush 1,(who do think started the war that lead to the 911 attack) that's right Bush 1. why do you think Clinton didn't get bombed and when Bush Lite went in They got his Pappy back for that, 8 years of Clinton, 8 years of Bush lite ( what happen to the billions of dollars Bush Lite Gave to the banks. Where is that money at. OK we got 24 years of Republicas in the White House, 8 years with Awesome Bill. So now That I have express my opinion now I'll give you my answer But it is not no, But HELL NO!!!!!!
    Last edited by dumbasdirt; 09-16-11 at 10:04 AM.

  4. #34
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    Re: Did Obama contribute to the current US economic or employmnt crisis?

    Quote Originally Posted by Bardo View Post
    The debt isn't what's causing the economic woes. You realize much of the stimulus was made up of tax cuts and incentives for small business right? If tax cuts aren't spending then what's the problem? Most of the rest was made up of infrastructure projects, which created jobs.

    I would argue that the stimulus was far too small for the enormity of the situation.



    I'm sure that will go over well...
    Dude, even OBAMA admitted that his plan didn't create jobs.
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


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    Re: Did Obama contribute to the current US economic or employmnt crisis?

    Quote Originally Posted by tessaesque View Post
    How'd that bailout go for Bank of America, Freddie Mac, Fannie Mae?? They're all still limping along, and BofA is in big, big trouble.
    But Have they paid any of it back, they sent it on partys and vacations, but I guess it makes you really tired when you have that much sex with the Goverment.

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    Re: Did Obama contribute to the current US economic or employmnt crisis?

    Quote Originally Posted by tessaesque View Post
    Dude, even OBAMA admitted that his plan didn't create jobs.
    We have got to get some money back in the in the people hands that spend it not the ones try to save ever penny they make. Just like B-Rock said it is time for the rich to put some money back in this country and quit sending all of our jobs and money over seas. This country made them rich, but they don't owe it any thing back. The rich hordors of money are killing this country.

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    Re: Did Obama contribute to the current US economic or employmnt crisis?

    Quote Originally Posted by dumbasdirt View Post
    We have got to get some money back in the in the people hands that spend it not the ones try to save ever penny they make. Just like B-Rock said it is time for the rich to put some money back in this country and quit sending all of our jobs and money over seas. This country made them rich, but they don't owe it any thing back. The rich hordors of money are killing this country.
    Jobs go overseas because people want cheap product. Go ahead and open a shirt factory here. Make shirts and sell them at 30% profit. You will go out of business because your cost of production will outweigh every internet company and foreign manufacturer you're competing against. American labor is too expensive and the American people are too cheap to make broad-ranging American manufacturing work. It isn't just about businesses being cheap and trying to screw the country over. This is more complex than some easy-out, blame big business, the rich hate us nonsense.
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


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    Re: Did Obama contribute to the current US economic or employmnt crisis?

    Quote Originally Posted by tessaesque View Post
    Jobs go overseas because people want cheap product. Go ahead and open a shirt factory here. Make shirts and sell them at 30% profit. You will go out of business because your cost of production will outweigh every internet company and foreign manufacturer you're competing against. American labor is too expensive and the American people are too cheap to make broad-ranging American manufacturing work. It isn't just about businesses being cheap and trying to screw the country over. This is more complex than some easy-out, blame big business, the rich hate us nonsense.
    i think the solution is pretty easy. put a tariff on all goods made overseas. rewards businesses for manufacturing here in the good ole us of a. i try to buy american whenever possible, and if others did as well they would find what i've found......many, many times the goods produced here are cheaper than the goods produced in china or india. oh, and let's boycott the businesses who outsource their call centers.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: Did Obama contribute to the current US economic or employmnt crisis?

    Quote Originally Posted by Bardo View Post
    I would argue that Clinton had his hand in it as well.
    I disagree here. Clinton turned the gov't over to GWScumForBrains with a viable plan to turn a surplus and start paying down our National Debt. Senor Simpleton started two wars on the credit card, initiated huge tax cuts for the wealthy, and nearly sunk the ship of state. Obama has been trapped in a damage control mode ever since being elected. Trapped by a fiat money system run amok. Trapped in two inherited wars. Trapped by bad mortgages imitating real paper. Always just one step ahead of a cataclysmic financial crash with the only solution to print more paper and sell it to China as a loan or borrow from the Federal Reserve and call it Quantitative Easing. There is another loan coming up because we are still running a $1.5 trillion deficit. If he stops spending the economy needs a coroner, so what are his alternatives. Trapped! I'm not voting for him. Green or Ron Paul even if it is a wasted vote. But recognize this reality, Republicans, led by GWSpongeForBrains caused this problem. The shame is that they won't admit it and that makes them all look pretty damn ignorant. By not admitting it they give tacit approval of the policies that caused the problem. A dumb and dumber moment, don't you think?

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    Re: Did Obama contribute to the current US economic or employmnt crisis?

    Quote Originally Posted by tessaesque View Post
    Jobs go overseas because people want cheap product. Go ahead and open a shirt factory here. Make shirts and sell them at 30% profit. You will go out of business because your cost of production will outweigh every internet company and foreign manufacturer you're competing against. American labor is too expensive and the American people are too cheap to make broad-ranging American manufacturing work. It isn't just about businesses being cheap and trying to screw the country over. This is more complex than some easy-out, blame big business, the rich hate us nonsense.
    Your math makes no sesne, their still making 30% profit. Cause they alway get the cost of the wiget and then add the profit. I don't think I have never said I hated the rich. I said it was time for the ones that this country made rich to put something back in it. and in my eyes if you don't love this country enogh to help it out when it is in need you have on business living in it.

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