Welcome to PatsFans.com

Economy Tanking Again

Discussion in 'Political Discussion' started by patsfan13, Jun 1, 2011.

  1. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

    Joined:
    Jan 4, 2005
    Messages:
    25,166
    Likes Received:
    121
    Ratings:
    +303 / 9 / -12

    Double dip in housing employment number way below predicted levels and previous month employment numbers revised down, talk of QE3 (printing more money).

    What a mess.


    First the Housing Double Dip (more bailouts for Frannie & Freddie)

    News Headlines

    News Headlines

    [​IMG]


    Well 200b in mortgage bailouts down the drain, and of course the billions blown by Frannie and Freddie Mac.



    Bur jobs are taking off right.......well not really. from ADP (non farm payroll this Friday am)

    Editorial: U.S. Is Already In A Growth Recession - Investors.com



    Investor see another recession coming soon (check the vid at the link):

    News Headlines


    I predicted thsi before Obama was elected I knew he would be a total disaster, sadly I underestimated how bad he would be.
     
  2. PatsFanInVa

    PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Mar 19, 2006
    Messages:
    20,835
    Likes Received:
    343
    Ratings:
    +712 / 11 / -7

    Question: You know what would have happened had the Administration not intervened... how, exactly?

    We do know without a doubt that the last pubbie was a disaster, and that the lion's share of spending in the present administration was to mop up that mess and pay interest on that earlier spending.

    Why the sudden concern, 13, when from 2000 to 2008 you guys spent the majority of your time tearing your hair out about terrorists behind every potted fern?

    PFnV
     
  3. PatsFanInVa

    PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Mar 19, 2006
    Messages:
    20,835
    Likes Received:
    343
    Ratings:
    +712 / 11 / -7

    By the way, I understand that after the usual rush of bills about regulating women's medical procedures and trying to de-fund big bird, the GOP put out a "jobs plan." It was 10 pages, primarily composed of pretty color charts.

    Where are the jobs, Mr. Boehner? Or more accurately, where is the slightest scintilla of concern about jobs?

    Wait is this one more thing that will be solved by coupons instead of medicare? And if your coupons aren't enough is the plan still to trade chickens for kidneys?

    The pubbies campaigned in '10 by threatening that Democrats will take away your medicare by also demanding insurance for younger Americans. Now they're campaigning on taking away Medicare just for the hell of it.

    How anybody can still not see through these hopeless ideologues is beyond me.

    PFnV
     
  4. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

    Joined:
    Jan 4, 2005
    Messages:
    25,166
    Likes Received:
    121
    Ratings:
    +303 / 9 / -12


    The best information we have on what would have happened in the administration didn't explode the deficit and the number of unemployed on their watch is to look at their own estimates of what would have happened without the Obama approach and to look at history.


    The administration missed their targets for unemployment they said if we did nothing then unemployment would go all the way up to 8.4% and would be ~7.5% at this time. Of course in retrospect that would be very good. Based on subsequent results we would have been far better off doing nothing and letting the recession play out.

    Their projections for revenue and growth were also missed and of course the size of the budget deficits and debt are far beyond their projections. I have posted the data on a number of occassions.






    Well they weren't very good that is for sure. They put the Prescription drug benefit while not as big a disaster as Obamacare it was not helpful then there was no child left behind and all the pork spending. They didn't push for the tax reforms put forward by the Bush tax commission (a Flat Tax or a repeal of the 16th amendment and a NRST), they backed off when the dems demagogued mention of entitlement reform, The didn't push to reform CRA when they knew it was a problem (backed down when B Franks said everything was fine and accused them of racism). Then when the pubs lost congress. Bush didn't confront Pelosi and Reid on their explosion of spending and the deficit. Shame on him for not vetoing their reckless expansion of government

    While the pubs record was bad we need to remember that when the speakers gavel was handed to Pelosi and when Reid became the Majority leader the deficit was 160B, that looks great compared to the 1.6T + being run by the current morons.




    I spoke out against the Drug Benefit, no child left behind, the first tax refund and said the pubs lost congress due to their spending. Problem is the dems are doing everything wrong the pubs did but by a factor of 10x.

    They did the country a favor with the bailouts and Obamacare which created the Tea Party which hopefully will get control of the Republican party from Bush Rove and the beltway crowd.


    Obama is crushing the economy and that is the fact.
     
  5. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

    Joined:
    Jan 4, 2005
    Messages:
    25,166
    Likes Received:
    121
    Ratings:
    +303 / 9 / -12


    The Rayn budget would have sent a strong signal to the markets as would the repeal of Obamacare but Reid and Obama have blocked both attempts at fiscal sanity and the economy continues in the doldrums and looks like it will tank.
     
  6. Titus Pullo

    Titus Pullo Banned

    Joined:
    Dec 31, 2009
    Messages:
    2,612
    Likes Received:
    0
    Ratings:
    +0 / 0 / -1

    Gee, what a limb you put yourself out on, o' great partisan rationalizer. Too bad everyone did also, ... if not, then maybe the trophy you're awarding yourself would have actually been earned.

    We all could see unavoidable disaster approaching back in 2005-07, and it had absolutely nothing to do with Obama. I'm fairly certain most people on this forum knew the economy was in the prone position and ready to "take it" after years of deregulation, toxic lending, skyrocketing oil prices and corporate fraud.

    Get over yourself.
     
    Last edited: Jun 2, 2011
  7. PatsWSB47

    PatsWSB47 Veteran Starter w/Big Long Term Deal

    Joined:
    Mar 13, 2007
    Messages:
    7,923
    Likes Received:
    92
    Ratings:
    +189 / 0 / -0

    #12 Jersey

    The thing is the republican base and the Obama base are hunkered down with fingers pointed directly at each other. The problem Obama has to overcome is with the people in between and who they hold responsible for the current climate. The longer we're stuck in this stagnant economy, the more Obama will be blamed.
     
    Last edited: Jun 2, 2011
  8. TheSolderKing

    TheSolderKing In the Starting Line-Up

    Joined:
    Apr 29, 2011
    Messages:
    2,339
    Likes Received:
    0
    Ratings:
    +0 / 0 / -0


    Loving the imagery PFnV I like to write essays w/ such luscious images.:)

    I love it.:)
     
    Last edited: Jun 2, 2011
  9. Real World

    Real World Moderator Staff Member

    Joined:
    Aug 15, 2006
    Messages:
    27,326
    Likes Received:
    254
    Ratings:
    +654 / 7 / -2

    The Summah of Recovery.
     
  10. khayos

    khayos In the Starting Line-Up

    Joined:
    Apr 19, 2005
    Messages:
    3,675
    Likes Received:
    0
    Ratings:
    +0 / 0 / -0

    Obama is a failure.
     
  11. chicowalker

    chicowalker Pro Bowl Player

    Joined:
    Mar 9, 2010
    Messages:
    13,236
    Likes Received:
    139
    Ratings:
    +296 / 3 / -4

    are you back to "the markets" as your indicator of financial health?

    You've tried that before and failed.
     
  12. chicowalker

    chicowalker Pro Bowl Player

    Joined:
    Mar 9, 2010
    Messages:
    13,236
    Likes Received:
    139
    Ratings:
    +296 / 3 / -4

    and yet he's better than his predecessor, better than the alternative would have been and, so far, he's looking better than the alternative we're likely to get next time around...
     
  13. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

    Joined:
    Jan 4, 2005
    Messages:
    25,166
    Likes Received:
    121
    Ratings:
    +303 / 9 / -12




    The market in this case refers to the private sector generally. If they thought the country wasn't going to drown in debt if they thought the current slew of invasive regulations wasn't make it tougher to do business they would be inclined to invest in their business and hire people.


    They are not doing that they are voting with their $$$ that Obama is a schmuck.
     
  14. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

    Joined:
    Jan 4, 2005
    Messages:
    25,166
    Likes Received:
    121
    Ratings:
    +303 / 9 / -12

    I guess "Hope can Change" has turned into: The country is still screwed and but Reelecte me the last guy wan an even bigger moron.

    Great message
     
  15. chicowalker

    chicowalker Pro Bowl Player

    Joined:
    Mar 9, 2010
    Messages:
    13,236
    Likes Received:
    139
    Ratings:
    +296 / 3 / -4

    funny how you pick and choose when something is the president's fault and when it's due to congress... :singing:
     
  16. chicowalker

    chicowalker Pro Bowl Player

    Joined:
    Mar 9, 2010
    Messages:
    13,236
    Likes Received:
    139
    Ratings:
    +296 / 3 / -4

    That's about right, unfortunately, though I don't think that's Obama's message.

    (At least, I think what you intended to write is about right)
     
  17. wistahpatsfan

    wistahpatsfan Pro Bowl Player

    Joined:
    Jul 30, 2005
    Messages:
    15,675
    Likes Received:
    11
    Ratings:
    +13 / 0 / -1

    #75 Jersey

    Myopic market worshipers like to blame anyone and everyone for the economic problems except, that is, the market. Rumpswabs for Wall Street and business interests are always willing to exclusively give them all the credit for the "prosperity of America" and "job creation" when things are going well, but when we go in the tank like we have been since the summer of 2008, those same interests have nothing to do with the problem. It's all the fault of the unemployed, poor people, the guy in the White House, immigrants, the governments, unwed mothers, Lady Ga-ga and athiests.

    Fuggin amazing.
     
  18. Real World

    Real World Moderator Staff Member

    Joined:
    Aug 15, 2006
    Messages:
    27,326
    Likes Received:
    254
    Ratings:
    +654 / 7 / -2

    He's better? Really, how? I'm curious. Remember, better. :popcorn:
     
  19. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

    Joined:
    Jan 4, 2005
    Messages:
    25,166
    Likes Received:
    121
    Ratings:
    +303 / 9 / -12

    Well we know crony capitalialism and slush funds for unions aren't the answer.


    QE3 anyone?
     
  20. JackBauer

    JackBauer Pro Bowl Player

    Joined:
    Mar 3, 2005
    Messages:
    16,299
    Likes Received:
    318
    Ratings:
    +788 / 6 / -9

    ITT: People who never liked Obama and didn't vote for Obama declare him a failure.

    Interpretation: Insecurity's on display as it becomes increasingly apparent from the gaggle of tards vying for the opportunity to lose that the GOP will be saddled with a lackluster nominee.

    Reality: Most of the country approves of Obama. Most of the country doesn't blame him for the current situation. Most of the country will likely give him the benefit of the doubt, since they're well aware of what the other side is peddling, and it ain't what the doctor ordered.
     
    Last edited: Jun 2, 2011

Share This Page

unset ($sidebar_block_show); ?>