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obama, where is the magic fix you promised!?
Source to this statement of "magic fix"?
Just another example of the far right spreading misinformation. Obama never said anything about a "magic fix." In fact, he specifically stated that we had a "long, hard road ahead of us" when it comes to economic recovery, a statement he reiterated in yesterday's speech.
Well just George Bush leaving office should have improved things at least a little (regardless of WHO won the vote!
As Nancy Pelosi once quipped; yeah, well he promised a lot of things. (Refering to promise Obama made that the process of implimenting ObamaCare would be 'transparent")
Actually, the first person to call him the Messiah was Rush. In fact every person who promised miracles from him was an extreme right winger. They knew they had lost, and lost badly the election so Rush told them to praise Obama in such a way that later they can pretend they were not the ones who said it, and then try to topple him for not being God.
The fact remains, Bush, the most failed President in American History left a mess so large that no one could fix it in 10 years.
Try to blame Obama for his *and your failures, but the facts remain, Bush did it.
Let's see, where do I start? The Dow is up. The S & P is up. The value of the Dollar is up. Home prices are gaining again. GDP has been positive for 3 quarters now. Job losses are the lowest since August 2008 and on a steady decline. Consumer confidence is the hightest it's been since September 2008. This is the largest economy in the world. It doesn't turn around over night. It took Bush 8 years to run it in to the ground. It will take Obama 4 years to fix it and his second 4 years will be garunteed, whether you like it or not Mr_Right_Wing.
Unless this poll changes, your optimism is the minority my friend.
Public opinion, by definition, lags reality.
You can thank the banks for all this because Bush Co. dropped all regulations (Clinton started it, Bush definitely finished it). It's funny seeing people comment about banks when they know nothing about what they did to create the sh*t storm we're trying to come out of.
When you take regulations away from banks, allow them to give loans to anyone, then they bundle those loans and sell them off (all the while betting against them to make more money), you end up with the fiasco Obama inherited.
Whether the US dollar is up depends on what currencly you are comparing it to. It has been steadily up against the Euro, which is a good way to keep track.
These "ups" are very minimal, except for the Dow. Goes to show that the world's moneychangers and gamblers are at it again, business as usual. Stock trading has less and less these days to do with actual productivity of workplaces. It's just a big casino. As for the other numbers that are "up," they are ticking up by painfully slow degrees. Consumer spending is recently "way up." This is somewhat attributed to the fact that saving is a bit down. And there is the obvious fact that has yet to be stated as far as I have read: People got their federal income tax refunds in the past several weeks and that's the money they are spending. Look for spending to go down just as dramatically once those refund checks have all been circulated and once people who have dipped into their savings retreat from that activity.
Where are the jobs ???
Job creation always lags the rest of the economy. Patience young Grasshopper.
Obama hasn't started punishing those companies who took jobs out of the country. Once he starts this, maybe we can force them to bring business back to town. Bring back jobs to the US!
You got that right. When Obama bailed out GM and Chrysler, Chrysler closed a plant in Ohio and moved it to Mexico. We as taxpayers so graciously gave our money to Mexico. I hope they are happy.
Then don't buy cars from the US companies moving factories to MX. I get crap a lot because I drive a Toyota (which was made in the USA by American workers). Near my work is a Ford parts distribution warehouse. They have signs posted that you aren't allowed to drive foreign cars onto their property. Funny, my car was made in the USA. I could drive a Chrysler made in MX on their property and they wouldn't care.
Ask the Republicans who vote against everything they didn't come up with. What kind of government can you expect when half of it always votes "NO"?
The same kind of government that Bush had his last four. It doesn't matter which side they are on .... they just don't want to see the other party get anything done.
Bad example. In Bush's last two years the Democrats were in the majority, not the minority in Congress. A better analogy would be Bush's first six years when Republicans had the White House and the Congress (as is the case now for the Democrats). Except for Social Security Reform (which had no enthusiasm from the Republicans in Congress either), exactly what Bush initiatives from his first years were blocked by the minority party? Did the Democrats block the wars in Afganistan and Iraq, did they block the Patriot Act, No Child left behind, etc. Yes, there were appointments blocked, but not nearly to the extent that is going on now.
White box .45 ACP is still unobtainable.
dang, snap! roll your own! I can reload 50 rounds of my own cast bullets for less than the cost of a couple of boxes of .22's! Savin' yer brass, right?
Here's something else to think about. When Bush took office, GDP was at 5.8%. When he left office it was at -3.8%. One year later, January 2010, it's at 5.7%. The economy is growing at about the same rate as when Clinton left office. And we all know what the economy did in the late 90's. The GOP doesn't want you to know these facts. They broke the economy, the Dems are fixing it. I know that makes you conservatives mad but these are the facts,.
barstop,facts as reported by who?
lets see now,the stock market is up.that sure made a big differance in my takehome pay.how about yours?
10,000,000 people still have no jobs,but at least the stock market is up.
we are still losing jobs every single day.
but thats ok ,the market is up.
If you want more takehome pay, join a union. If you want to benefit from the Stock Market rally, invest in stocks. Stop expecting someone else to put money in your pocket. As for jobs, the Non-Farm Payroll report will crossover from negative to positive within the next few months. Job losses hit rock bottom months ago. We will be adding jobs this year.
I dont know where the hell you live ... or what you do for a living, but there has been no improvement that I have seen ... or at least that would help the average joe.
Joining a union has proven time and time again to promote job losses as the companies elect not to have as many workers. They find a way to pay the higher wages, and benefits, but have fewer workers. Having a union is not the answer. It is not always feasible for people to invest in the stock market either. But I do not believe any one person or group could manipulate the stock market just to make Americans poor. I invest moderately and have seen up and down results.
Hey bartstop, isn’t Obama in favor of redistribution of wealth? That would lead people to ‘expect’ others to put money in their pocket, don’t you think? Face it Obama is running this country into the ground and the citizens are damn mad and want what was promised. If Obama would do what he promised and not ‘politics as usual’ we would be having an entirely different conversation.
Yes, some people are damn mad about Obama. But those people are mostly older white conservatives (Tea Party), and they don't represent the majority of Americans. I spent most of the weekend shopping at Lowes, Homedepot, Target, etc.. One thing I noticed everywhere I went, I had to wait in line at the checkout. Especially today at Lowes in Olathe. Every line was 10 people deep, the parking lot was packed full (had to walk a long ways) and every cart return in the parking lost was just as full as it could be. That, my friend, is not a sign of the country being run in to the ground. That is a sign of consumer confidence/spending. People are spending money and the financial markets show it. You have every right to accuse Obama of "running this country in to the ground" but the numbers just don't support your opinion (and that's all it is, just an opinion). The economy is in better shape now than when Obama took office, that's a fact. The economy was in better shape when Bush took office than when he left. That's a fact. You can blame Obama for everything you want, but your blame and opinions are not based on facts or logic. The more you listen to people like Beck and Limbaugh, the more you lose touch with the reality of the situation. Whether you like it or not, the recovery is underway and Obama's policies are playing a large part. The numbers don't lie.
Obviously you are the one listening to conservitive radio, I am an economist. I know the numbers......
wikipedia at best.....
I have quoted the official GDP numbers. Even Fox News reports those numbers.
The GDP is at 3.2% right now. Get the facts straight. When will the liberals stop blaming Bush and put the blame on the person currently in the White House. Obama has not a clue as what to do. He is still “organizing something”. Anyway, if the GDP currently valued at 14.6 billion and the national debt is currently 12+ almost 13 trillion this country is headed for a disaster and Obama will have to take the blame. If Obama would stop coming up with all the taxes and entitlements and start creating the jobs he promised, (and I am not talking about government jobs) things would begin to change. Right, Left or with your head in the clouds, everyone is suffering in some way.
I have the facts straight. The GDP was 5.7% as reported January 29, 2010. Just like I said. As of April 30,2010 it is 3.2%. But that's not what I quoted. Read my post before you attack my numbers. How do I blame Bush? This economic collapse happened at the end of his 2nd term. His policies were in place for 8 years BEFORE the crash. How do you blame Obama when he took office AFTER the crash? You want to talk about national debt? When Bush took office we had a budget surplus thanks to the Clinton Administration. When Bush left office we were trillions of dollars in the red and had a collapsing economy. And yet you want to blame this on Obama. Your arguments defy logic.
Oh how wrong you are. When Bush took office the GDP was 3.4%. When Bush left office the GDP was 2.6%. The housing market crash happened because Barney Frank and his pet project Fannie Mae and Freddie Mac decided that there should be subprime loans. Not only are the lenders at fault but so are the people who actually took out the mortgages with an adjustable rate thinking that the payments would never raise. Please do not rewrite history. Your president sucks and you are having a hard time admitting it. I guess we will just have to wait until China decides they want to own some of the states. At the rate Obama is borrowing money, one day we just might wake up in Chinamerica.
Ok if you want to get really technical, there are 3 GDP releases. Advance, Preliminary, and Final. I have been quoting advance because that's what investors watch and has the most impact on the markets. So, the final version, which is most accurate, for Q4 2008 is -6.3%. You can say what you want about Obama and his policies but all the numbers indicate a strong recovery. Bush on the other hand ran this country in to the ground. The numbers prove it. See for yourself.
p>About.com oh please give me a break. You seem to be an intelligent person. Websites such as About.com do not exactly report the numbers as they are. There will always be an opinion in writings. I would like to express that my numbers are coming from the governments very own website. http://www.bea.gov/national/index.htm#gdp The percentage change based on current dollars as far as annual numbers never went negative. (2001-2008) The overall annual GDP showed an increase for each year Bush was in office. However, while he was in office the fourth quarter of 2008 was horrible, but as I stated before, the growth for 2008 was positive at the end. (+2.6%) Now in 2009 the first and second quarters were negative and the third and fourth quarters were showing growth, indecently the overall GDP for 2009 was a negative. (-1.3%) I have been researching the GDP for years now and it is one of my favorite arguments. Bush made mistakes, Obama is currently making his mistakes, in two years are you going to be blogging about how Obamacare has ruined your life. The cost is going to be high; the CBO has already released new figures on the increasing cost of healthcare. And healthcare is 1/6th of the GDP.
So if Obama is screwing things up so bad, why is the economy turning around (as indicated by GDP)? If "Obamacare" is so bad for the economy, why are the financial markets doing so well? Your arguments are based on your opinions not the facts. I'm done wasting my time discussing your opinions. Have a nice day.
I see, when someone proves you wrong, you back out of the discussion. Typical response from one who does not understand.
You can deny the negative GDP numbers all you want. If it makes you happy, so be it. I don't care. The reality is that Bush passed 2 unfunded tax cuts that put us in to defecit spending. Bush drug us in to 2 unfunded wars, which drove up the defecits even more. After 8 years of Bush policies our financial system collapsed. After 8 years of Bush policies our Automotive Industry collapsed. Now, idiots like you and Beck are scrambling to pin all of this on Obama, even though all of these things happened before he was elected. You call yourself an economist and yet you deny published GDP numbers. If you are in fact an economist (which is very, very doubtful) you really suck at your job.
I am denying the GDP numbers? I guess I will look at the correct numbers and you will look at the numbers put out by the liberal media. Yes consumer spending is up, but why is consumer spending up? The manufacturing base is replenishing inventories, which yes, as a direct result will ‘stimulate’ the economy. Unfortunately this could just be a short run fix. As the seasons change and holidays (Easter, Mother’s day) come upon us it will be an increase in retail spending (consumer spending). Thinking we are back to where we started is like chasing fool’s gold. The stock market is also rising; however, it is taking a hit in some of the top industries. The automotive industry collapsed because of bad management, and of course now that Obama has taken over everything is just right as rain. I would like to leave you with one thought, and I will never post on this topic again. A small minded person who cannot think on their own will resort to name calling. Just as you did…………
Oh look here! More positive economic news:
"The U.S. manufacturing sector grew in April at its fastest pace in almost six years"
The best ISM numbers since 2004. Sure doesn't look like an economy being ran in to the ground to me.
Oh wait, I have to post the FOX NEWS link because it's not true unless it's on FOX, right?
Here's another one:
"Consumer Spending Above Pre-Recession Level"
How are you going to argue this one?
The layoffs and cutbacks in the work force are continuing. Partly due to the economy and partly due to Obamacare. With higher taxes on the horizon and more gov't inefficient control, more growth of gov't, we haven't begun to see the worst yet. Hopefully this fall in the elections we can stop this Democrat train before it crashes the whole country.
Stop watching Fox News, you are badly misinformed.
The Economy sure is good, just watch the market every other day, up 6, down 75, up 14 down 150 up 50, down 250 = Investment loss. It is going to take a very long time to recover a 55% loss from the Bush years. Someone is manipulating the Stock Market now just as they did then.
I don't know what market you're watching but it isn't the Dow or the S&P 500. We are back to pre-crash levels. That's a fact.
Dow and S&P even the Nasdaq down at close 30 april 2010
Down for the day but up for the year. The Dow bottomed out on March 6, 2009 with a low of 6470.10 and it closed on Friday April 30, 2010 at 11002.10 The S&P bottomed out on March 3, 2009 with a low of 666.80 and closed on Friday April 30, 2010 at 1189.20 The numbers speak for themselves.
The company that I work for is doing much better in the last 6 months. But most of the sales gains and employment gains are happening outside of the U.S. Most of the jobs added in the U.S. are in the area of international sales. There are no plans for expansion in the U.S. and layoffs will likely continue but at a much slower pace. I don't know how consumer confidence can be up. It usually mirrors the prospects for employment. Maybe it's just the case that people can be confident that if they become unemployed the feds will extend unemployment benefits indefinitely and keeping piling on the debt.
i see more semi tractor trailers on the road these days
The one way to detect a feeble-minded man is get one arguing on economics. (Will Rogers)
Those tractor-trailers are hauling goods from Asia across the U.S. and shipping them off to other parts of the world. The majority of truck and rail freight hauling that goes on in the U.S. today is other countries using our roadways and railways as direct routes to get from one side of the world to the other. This should not be confused with U.S. consumerism. As someone else said above, the increased activity is a result of international trade, not U.S. trade. That's why stocks are up and some companies are faring very well while U.S. workers are seeing chronic unemployment. Welcome to the 4th world: the decline of the U.S. powerhouse.
Republican led auto industry? Are you kidding me? The Democrats have unions in their pocket and you think the auto industry is Republican. Pull your head out of the sand. The banking industry is not Republican run either. Where is your information coming from? The banking or financial industry is run by capitalists wanting to make profits. Of course some of them did some shameful things, and are now paying the price. Obama has fixed nothing. What he is doing is selling our country to China one loan at a time. Our GDP is barely higher than our national debt. The CBO states that by 2020 the GDP will be 90% of our debt. Growth? Jobs coming back? I do not think so.
my bf is trying to find a job right now, he's looked on those websites. Even though there are a lot of jobs, everytime he applies he is told that the decision is going to take a long time because of the amount of apps they receive now. :(
Bush, the most failed President in the History of the United States left a mess so big that I knew Obama, nor anyone else, could fix it in 4 years.
We will spend at least a decade cleaning up after Bush.
Bush didn't do it by himself...........
Cleaning up what Bush left behind would be a lot faster and easier if Obama would stop spending money and use it to pay the debt down. Creating more programs and increasing spending will not change the economy. Creat jobs, help small business grow, after all it is small business that turns into larger companies that will employ more people. Not a hard concept.
you give Bush too much credit. all of his predecessors for at least the last 100 years have had policies that have led to our current situation. and no Obama is not actually fixing anything. he's slapping a bandaid on it and passing it to the next guy who will do the same. We as a nation want too much. we expect too much. therefor we pay too much.
We are in the last stages of freedom in America. Our next stop on the ride is despotism. all aboard!
Someone doesn't remember the humiliation of a 'president' who at one time was a peanut farmer, and let Iran walk all over him and our country. Then Reagan gets elected and all of a sudden you hear this gasp from Iranians "oh, no....let the hostages go! NOW!! We're not dealing with miss jimmy anymore!!"
And yet if you ask most Americans, they will agree that Bush was a far worse President than Carter. Your blindness to that only shows that you are blind, nothing more.
If only people had listened to Carter. Remember him warning everyone how our addiction to oil was a "clear and present danger to our nation"? You people love to slam Carter, but he got it right, the repubs had it wrong and Reagan didn't change a thing. Now all these years have gone by and Carter was proven to be correct.
If you've never watched Carter's address to the nation, please do.
"The energy crisis is real. It is worldwide. It is a clear and present danger to our nation. These are facts and we simply must face them."
"In a nation that was proud of hard work, strong families, close-knit communities, and our faith in God, too many of us now tend to worship self-indulgence and consumption. Human identity is no longer defined by what one does, but by what one owns. But we've discovered that owning things and consuming things does not satisfy our longing for meaning. We've learned that piling up material goods cannot fill the emptiness of lives which have no confidence or purpose."
Yeah! Carter was a President that gave speeches and did nothing (sound familiar) to remedy any problems. If I remember correctly, Carter set up a government division to address the "clear and present danger" still nothing happened. Face it, we as Americans will not give up our oversized SUV and big pickup trucks for a little electric car until every drop is dried up and we cannot get more. That is a fact.
my personal income is flat - the bonus and income tax return are gone to pay down debt
my disposable income is down - gonna pay down more debt
my personal expenditures up - spending money like I get a bonus and tax refund every month
am I planning any purchase of durable goods, no
outlook - flat
hi, i'm independant1, i'm addicted to $$$
Sounds like you need to manage your finances a little better.
doesn't matter how much money I bring home, the wifey and kids always spend about 7% > than I can get my hands on. There is releif on the horizon. Have a plan to financial freedom. Figured I'd knock off a 7-11 on the way to work and another on the way home. That's $100/day tax free.
In 45 working days I'm sitting pretty.
With all the authorities I see writing on these comment sections, I never see anyone point out what I learned in Econ I. Macro- and micro-economics are two different things. What is good for my personal economics (saving more money, instead of spending it) is not good for the economy as a whole, although investing what I've saved helps the economy some. But somebody has to buy stuff for the economy to grow.
There is an inherent dissonance here.
Or maybe the facts have changed since 1969?
Ford posted a $2.1 Billion quarterly profit. That wouldn't be happening if the economy wasn't doing better.
And for those of you that only believe it if Fox News reports it. Here you go.
Wow, that sure is better than how Government Motors pretended to pay back their bailout money by shuffling money from one account to another.
Read deeper, it was due to fleet sales....not what the average American is out spending......
No, that's businesses buying trucks. Just like the company i work for that is growing at a 35-40% rate.
That is what a fleet sale is...companies buying several cars or trucks....
We've got a long way to go. The current mess we are in goes further back than Bush in my opinion. But I believe President Obama is doing a good job of preventing everything from hitting rock bottom.
For any long-term improvement to the economy however, I truly believe the US needs to rebuild its Mfg base. This could take decades though because it has slowly eroded many a year now. Until progress happens here, the economy will continue to regress into a service/financial sector economy....vulnerable to big bubbles and big busts as we have seen. In the mean-time Wall Street will find some new gimmick to fill their pockets (similar to these fabricated bundled home loan mortgages), Washington will need to continue to clean up these messes and continue to increase the defecit/debt, all while American workers have to compete against a world-labor market.
I once had a college professor who said something that I am thinking of more often these days. He said something to the effect off, "The best and most fair business institution(s) would be those which are employee owned". Maybe I'm just dreaming. It does make sense if you think about it tho. Big corporate monopolies would become less significant, and we might be able to shrink down the government. Especially if it doesn't have to keep bailing out the fatcats. Shrinking down military spending will help too. Ooops, time for me to wake up. I must have been dreaming.
I do believe you have hit the nail squarely on the head.
Housing Crash Continues
It's Still A Terrible Time To Buy
By Patrick Killelea, last updated Fri Apr 30, 2010
Because house prices will keep falling in most places. Prices are still dangerously high compared to incomes and rents. Banks say a safe mortgage is a maximum of 3 times the buyer's annual income with 20% downpayment. Landlords say a safe price is a maximum of 15 times the house's annual rent. Yet on the coasts, both those safety rules are still being violated.
Buyers are still borrowing 6 times their income and putting only 3% down, and sellers are still asking 30 times annual rent, even after recent price declines. Renting is a cash business that proves what people can really pay based on their salary, not how much they can borrow. Salaries and rents prove that prices will keep falling for a long time.
Anyone who bought a "bargain" this time last year is already sitting on a very painful loss.
nope, give them even more power. It will fix everything. /end sarcasm.
Try taking a left turn out of walmart and tell me we are n a recession. Puleeez.
Try driving from here to the Sprint Center doing the speed limit and tell me we are in a recession. Ha!
Nope. OB is doing just fine, it is the people who are not doing their part. But hey it's easier to complain than to act. GOP strategy.
I think it might be a good idea if Obama sent out ACORN to give people government bought computers with the promise that they'll get on here and vote that the economy is improving!
Or, have they already gotten to some of you!?!?
Oh the ignorance.
its still going downhill.
What have you offered……and if you pay attention, the conservatives have given a plan, it is the liberal "I want what the government gives me for free cause I am lazy and I don’t want to earn my own money and why should they have a better car, house, education, whatever, is better than what I have." Get off your butt and get to work, your wonderful sell out America president needs your taxes. I don’t want to pay for the lazy people in this country. I work very hard for my money; I spent years in school to have what I have. I do not want Obama taking what I work for. I give to the charities I choose, and people on drugs or in this country illegally is not a charity.
Production is up, number of jobs we are working on is up, bidding is way up! Things aren't easy picking like in the Clinton years but it is looking up in my world!
don't be so quick to assume. Not all people go into debt because they don't know any better or just "want" things and can't pay for it. Getting sick and having medical bills, school loans, or bills that had to go on credit because they had no means to pay for things they needed (lost a job, etc)
OMG are you kidding? If something was to happen to you and a surgery or a drug would save your life you would not be able to get it fast enough. I am all for a living will in the case of an accident,(no life support, emergency surgery) just let me go. But hey, if you got cancer you would fight it, human nature says you will. It would be extremely painful for you not to do something.
Warren Buffett: 'Big Upswing Starting in March' for Economy
You conservatives are going to have to come to terms with reality. President Obama's policies are working. Whether you like it or not.
How about this? Even the pride and joy of the right wingers (Fox) is reporting good signs.
The conservatives must be boiling mad that the doom and gloom they are being fed us a bunch of BS.
Mr. Obama's crew said unemployment couldn't go above 8% if porkulus was passed!
we tried to warn you: Obama actually discussed raising taxes in various ways during the election campaign. someone who would actually raise taxes in this economy should be impeached for criminal abuse of the office of the presidency.
and those who say Mr. Obama is helping, look at the poll, aweful lot of "no's" there dudes.
he has government controling credit, banking in other ways, and this is not supposed to be socialism [actually check its definition before you go into liberal blur and slur]
he barely passes health cae debacle that dramatically increases companies' costs per employee!
no, he doesn't know what he's doing.
that would be a charitable assessment. I believe he is smart enough, he does know what he is doing.
Socialism: a system or condition of society in which the means of production are OWNED and CONTROLLED by the state.
The banks you refer to are not owned by the government. They are regulated by the government and that IS NOT socialism sir.
I picked up a forclosed property for a retirement home base way south of here from Duetche Bank. 2200 sq ft w/fireplace on both floors + 11 or so acres w/barn and loafing shed for $90K. It was neglected (some say), was empty for 2 years. Spending holidays and weekends fixing it up. Tax office uses $289K valuation for assessment. If I put a couple head of cattle on it can get the tax cut in half for agricultural exempt status.
Couldn't sell it for the $100 per square foot it would cost to rebuild it.
Existing home prices are coming back.
The gov't did the right thing, loosened monetary policy, when the financial institutions were on the brink.
At the onset of the Great Depression gov't did the opposite and that, according to history (somebody's), fueled the downward spiral.
All the other stop gap stuff gov't did was also ineffective and did not bring about an economic recovery.
The recovery from the Great Depression was due to the war economy WWII, The Great Patriotic War (that's what the Ruskies call it), the Big One.
I think history will reflect back on this economic dip and say at first they did the right thing, loosen monetary policy. The rest of the Washinton feeding frenzy? Bail outs for Auto Industry, AWG, TARP, HC will only lengthen or complicate the recovery. It's we the people who produce and consume that will recover this economy.
Like Will Rogers said about Congress, "Like giving a baby a hammer."
Remember the bar scene in Star Wars? That's what Congress looks like in my minds eye.
A flock of Democrats will replace a mess of Republicans. It won’t mean a thing. They will go in like all the rest of ’em. Go in on promises and come out on alibis. (Will Rogers)
That's a ridiculous tax evaluation. You should challenge it.
did, lowered to $239k
I was wondering...do you have a thought of your own?
yup, ain't worried about a thing, just waiting for the government to fix everything.
Too busy working at something I really get a kick out of.
put a couple goats on the property, that qualified me for agri exemption, cha ching 50% property tax reduction on the retirement property. when I reach retirement age I get another, smaller reduction. Practicing now, while still working, living on pension and SS budget, stuffing dollars in tax free muni's as fast as I can. That way when my pension and SS kick in about 10 years out I can go where I want when I want. Now? Just paying off the mortgage and paying the young adult/kids 4 of em tuition, books, etc. Nobody ever did that for me but then I'm a pushover. Checking up on the widows, orphans, in laws, outlaws I'm related to. Making sure they have enough to eat. You don't give the alchoholic aunt money do you? Just another middle class slob trying to take care of the extended family. Why? because that's why. Somebody's got to be the patriarch. Oh, and spend a little time here wondering why all you Dem/liberal and some Repub/conservative clones think the government is the answer to everything. DOI?
The Congressional Budget Office reported that the Healthcare Reform Bill would cost $950 billion over the next 10 years but because it would raise some revenues and lower some costs, it would lower federal deficits by $138 billion! Is this a reincarnation of voodoo economics? Don't get fooled again!
I have wondered the same thing.
Perhaps we would spend 138 billion more if we didn't do anything? That would be one explanation that might make sense.
But it's a good question.
The manufacturing sector is coming back and some work is coming back from other countries. The mad dash to offshore everything and the craziness associated with it seems to have passed for now.
People are waking up.
It is time to be cautiously optimistic.
Okay, Bush Bashers & people who blindly accept Obama policies without understanding them, need I say more about this poll? The national media is stupid. Imagine this, say you're in a desert & you somehow see a mirage. That mirage is water yet you drink the sand because you cannot see the difference. Obama is doing GREAT economically for himself, how 'bout the rest of us? HMM? He & the Democrats all are in love with millionaire Wall Street executives. They ALL are crooks, the Wall Street Execs., the Democrats in Congress & THIS President. Curse them all!!
Either you are being tongue in cheek or you are a complete idiot. Hard to tell.
I'm sorry it makes you mad but, Obama must be doing something right.
Consumers are spending at pre-recession levels.
Manufacturing is the highest since 2004.
The economy added jobs in March.
Shall I continue?
The only real sign I've seen is that truck traffic on I-70 and I-44 are up considerably. Not to pre-recession levels by any means, but nonetheless up quite a bit.
Still a lot less containers than pre-recession, though. Seems like in '08 about every third truck on I-70 was hauling containers, and a substantial majority of 'em on I-44.
I work in international trade. First, more containers now travel via rail. The rail yards at the major west coast ports were all redesigned during the last decade with the intent to have less containers on the roads. Second - the shipping companies in Asia decided that they aren't making enough money, so they have pulled large numbers of their ships out of service so that ship space is at a premium and they can charge larger amounts to get containers on board. I've had dozens of containers not make it onto scheduled ships recently. They began this last winter. You will see the impact of this when you buy cheap Chinese cr*p at Walmart.
Links???? I love how people that don't deal in international trade and currencies spout b.s. like they know what they're talking about. Repubs have been claiming this for a long time.
30 years of bogus economics under Tea Party Repub leadership leaves a whole lot to be desired:
What Tea Party Repubs do with a remarkable degree of consistency is wreck the economy,initiate huge movements of shipping jobs abroad aka the Reagan-Bush Global Economy and try to wreck social security and medicare.
Is there a definite pattern? Absolutely!
2.. The Reagan/ Bush Home Loan Scandal
The Bush/Cheney Home Loan Scandal
What did Bush and Henry Paulson do with the bail out money?
Why did GW Bush Lie About Social Security?( This would cost taxpayers $4 trillion and wreck the economy)
Still A Bad Idea – Bush Tax Cuts
The "tea parties" BTW are part of the wreckanomics program funded by the Koch Brothers... well known oil billionaires. These thinkers back a tax payers bill of rights which is another scheme to reward the upper 1% which is designed to wreck local and state governments.
All of the above displays reckless economic behavior that which drains the cookie jars.
The most failed President in American history, Bush, will not recover his reputation more than a few points in his lifetime.
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