is the economy getting worse?

Discussion in 'Politics' started by B_Marius567, Jun 29, 2011.

  1. B_Marius567

    B_Marius567 New Member

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    is the economy getting worse? its been a slow 2 weeks in sales:mad: obama said he will fix the economy and he has not :mad:

    people on here blame bush for everything even when he has been out of office for more then 2 years.
     
  2. B_VinylBoy

    B_VinylBoy New Member

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    Your continued disingenuousness is really starting to bore everyone. :rolleyes:
    Seriously... a "slow 2 weeks in sales" is something to blame Obama for? This is sad troll bait, even for a troll like you.
     
  3. justine

    justine Member

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    It amazes me how busy downtown Chicago has been. Sidewalks, stores and food establisments are filled. If the economy is bad one would not be able to tell from Chicago. There are more new highrise apartments being built and prices are holding steady on property.
     
  4. B_starinvestor

    B_starinvestor New Member

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    The primary problem is the debt condition of the U.S. By virtue of that, the economy is sluggish.

    Obama has no interest in addressing or fixing it; he never did.

    He doesn't even understand it.

    If we needed somebody to go organize a community, I would recommend Obama.
     
  5. earllogjam

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    When a town was left burning for 8 years and no firemen came to put the fire out is it reasonable to ask the firemen who finally did come "why isn't this city rebuilt?"
     
  6. D_Davy_Downspout

    D_Davy_Downspout Account Disabled

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    This is a dumb as fuck post. Though like a stopped clock, you did get something right. He has no interest in fixing it.

    But blaming the debt condition? LOL.

    "You see we can't hire you because the debt went up from 70% of GDP to 90% of GDP, and is projected to drop back in a couple of years. Sorry and good luck in your future endeavors."
     
  7. MercyfulFate

    MercyfulFate New Member

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    The economy will only get worse, we're headed for a true depression and I'm pretty sure of that.
     
  8. sargon20

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    ^ Actually every recession was called a depression before the 'Great Depression' afterwards they were renamed to recessions. So the difference is zero. And no economic body is predicting a return to the 'Great' one.
     
  9. B_Nick8

    B_Nick8 New Member

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    I'm way past "starting".

    Indeed.
     
  10. MercyfulFate

    MercyfulFate New Member

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    Yes because economic bodies want people to panic.

    Greece is riotung, the IMF is pushing debt and austerity onto the lower classes, England is protesting, Spain, etc etc.

    Prices on everything are rising, the US credit rating is about to fall and hyperinflation is a very real possibility.

    Listening to the organizations that caused and benefitted from the downturn is foolish.
     
  11. sargon20

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    ^ You've thrown a lot on the pot that still does not add up to your conclusion. You say this on a day that manufacturing numbers are up and stocks are up 300 points in two days. Predictions are free and hardly ever pan out. Not long ago the Fed was worried about deflation and now we're supposed to be worried about hyperinflation? Prices are higher thanks to the big money speculation occurring in commodities not an underlying lack of supply.
     
    #11 sargon20, Jul 1, 2011
    Last edited: Jul 1, 2011
  12. MercyfulFate

    MercyfulFate New Member

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    Things can creep up before they fall, and the stock market upticked because of Greece.

    Now if the US defaults on it's debt it will cause major economic collapse. If they do raise the limit, the Fed has to print more money which in turn devalues the dollar. Remember, we use a floating fiat currency and if the dollar is ever dropped as the world's reserve currency, oh boy.

    Mind you the IMF bailout of greece is simply putting debt on top of debt which does nothing but push the problem down the road. Ireland is going to need a second bailout, same thing. The austerity measures end up meaning public services are sold off to private parties, and that almost never ends well.

    Now if we do raise the debt limit, we will have massive spending cuts and you can bet what's cut will hurt you and me more than the rich.

    Gerald Celente Depression

    Have to edit then post links, stupid phone.

    Economists: Failure to raise debt limit could cause recession | The Lookout - Yahoo! News
     
    #12 MercyfulFate, Jul 1, 2011
    Last edited: Jul 1, 2011
  13. sargon20

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    ^ The class warfare predicted due to rising income inequality wont happen. Americans are too dense to figure that out. They will continue to vote for the rich because the rich simply control all aspects of this democracy. It was bought outright long time ago.
     
  14. MercyfulFate

    MercyfulFate New Member

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    You're right, Americans are apathetic but if hyperinflation happens and a loaf of bread cost a hundred dollars people would riot.

    We are a service industry country now, we actually produce very little. Our money is and has been backed by nothing for a long time. Globalization is lowering our standard of living because jobs can simply be moved to cheap, repressive regimes like China.

    One way out? Legalize marijuana and create a massive industry for it. Clothing, materials, stores, everything will pop up. Sadly propaganda still wins over common sense.
     
  15. sargon20

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    ^ There is no doubt the world economy is one giant ponzi scheme. I am certain in the next 200 years the entire thing will collapse taking everything but insects and rodents down with it. All around the planet nature is giving us giant hints 'this ain't gonna last' but we simply are unable to move beyond and envision a world not built on growth and unfettered greed.
     
  16. oralslut464

    oralslut464 New Member

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    WE were a self sustaining country at one time. We could be that again. We need to go back to 'made in the USA' again. I know a lot of this started with Bush in his last 4 years - but Obama ideas are not working either. He is either golfing or on vacation. It is to the point I can't stand to listen to him anymore on tv because everything he says is all lies and he expect us to believe him. He says one thing and does another. Actions speak louder than words and his adminstrations actions seem to go against what he say. Bring the factories back to the USA and put people back to work. WE may have to pay more for what we get - but it would be worth it if we were working.
     
  17. parr

    parr New Member

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    If it got any worse, I would be sleeping on a park bench.:biggrin1:
     
  18. B_VinylBoy

    B_VinylBoy New Member

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    That's simply not 100% true.
    According to Washingtonmonthly.com, more jobs have been created under the Obama Administration than the previous one. According to econpost.com, the quarterly GDP has rebounded. Plus the stock market is higher and the unemployment rate has gotten lower. Many of the ideas of the current administration are indeed working... but they are being met by much opposition who either think differently ideologically, are hell bent on protecting their excessive corporate profits with little to no regard to anyone, or are simply determined to play political games (at the expense of everyday citizens) to try and win the presidential election for their party in 2012. He's made mistakes... such as the stimulus. It should have been more than what was ultimately presented and geared towards revamping our nation's infrastructure instead of giving loans to big banks & Wall Street. He was also soft on Health Care Reform... he should have never backed down on the Public Option or some form of single payer system. Alas, we could be in a lot worse shape right now if we had other people running the show with the convoluted belief that lowering taxes for the rich (even though they are at record lows right now), Union busting and cutting funding from Medicare/Medicaid and Planned Parenthood is the way to save our Economy.

    Also, according to CBS polls most people believe that our economy is in shambles is due to the previous administration and Wall Street - Just 8 percent say Obama is "most to blame" for the state of the economy. About 26 percent blame his predecessor, President George W. Bush, and 25 percent blame Wall Street. Eleven percent of respondents said Congress was mostly to blame. - http://www.cbsnews.com/htdocs/pdf/poll_Obama_GOP_062911_7am.pdf?tag=contentMain;contentBody



    I think you have Obama confused with Boehner. He's the golfer that has taken off more time to go play 18 holes than anyone else in Congress. :biggrin1:

    Politifact finds that he has kept more promises than has broken them. Most people would not expect any politician, not even Obama, to come through with every single promise they make. At the same time, we owe it to ourselves to pay attention to the details and go past the lip service.
     
    #18 B_VinylBoy, Jul 1, 2011
    Last edited: Jul 1, 2011
  19. sargon20

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    And jeez it's been 2 years and why hasn't he just waived his liberal socialist wand and made it all better? How hard can it be to undo a decade of damage? And to undo two wars?
     
  20. B_RedDude

    B_RedDude New Member

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    Is it possible to be in love with a bunch of guys on a political forum just on the basis of their political views?

     
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