And all the benevolent, big government liberal politicians had to do was give billionaires trillions of dollars to save the banks they destroyed. Now the people can leave their part time job at Circle-K and run straight over to their night job at the red lobster, bussing tables. And heck, who knows, by 2020 their incomes might even be back to 2006 levels. If they're really lucky, the billionaire bankers who bought their foreclosed homes won't double their rent.
Well... considering it was the worst recession in 70+ years, the recovery is expected to be the same. The economy is working exactly as intended under "Supply Side" economics. The only problems is that the "Trickle Down" tap seems to be trickling way too slowly. While the President naturally does get most of the blame, to ignore the fact that the Republicans in control of the House and in control of the filibuster in the Senate have absolutely no desire to help the economy actually create jobs. The economy is booming. There are people making (*)(*)(*)(*)loads of money. So to cast doubt on that, to say it's not is to acknowledge that there's something wrong with the current fundamentals of our economy and as long as we continue on the "Supply Side" track, things will NEVER truly get better for the 47%.
And we are slowly realizing that something is horribly horribly wrong. And what is wrong exactly? How can it be fixed? The economy is booming. But, it doesn't take a top economist to realize that the next recession could very well blow the bottom out because so much of the wealth is sitting at the very top and the poor and middle class are bearing the load on their shoulders.
I should probably just go ahead and call you an "idiot", and then a patrolling moderator would find this post, and yours, and delete both of them. It might just work...so: YOU'RE AN IDIOT, BECAUSE YOU RESPONDED TO NOTHING I SAID, AND WROTE THIS CHILDISH DRIVEL INSTEAD. Have a nice, vacant-minded day. You couldn't even write "LOL" correctly....
I really don't put a lot of blame on Obama for such a bad economy. He tried very hard to create a lot of Green jobs to bring this economy back. Trouble is, the Chinese kept under cutting these American companies and drove them out of business, or out of the country. Hell we have two cities that have hired the Chinese to build bridges in their state and they are using Chinese help. China is concentrating on every industry we control. The next big undustry to go under attack will be our commercial aircraft industry and GE will be right there to help them. Thanks to Free Trade.
Nope; it is only "trickle down" that has failed; supply side economics is supposed to be supplying us with better governance at lower cost.
Lets not put a lot of blame on Congress. They approved billions in stimulus money for all those shovel ready jobs Obama said he had, (That were never there). He used most of it to bring back laid off police, fire and teachers. Then when the money ran out, they got laid off anyway. Then a year or so ago, Obama asked for 50 billion more in stimulus money for what?? You guessed it, to bring back his union police, fire and teachers. Where was the infrastructure? Well Congress didn't fall for that twice. In some ways Obama tried hard to bring the economy back. In others, he put the welfare and votes of the union before the welfare of the state.
Lawl , what is going on ? I didn't respond to your post because you didn't understand the message you responded to ( my original post ) was sarcasm to the OP of the thread . You seem a bit ... High strung...
Solving simple poverty through unemployment compensation that clears our poverty guidelines would have the effect of a "rising tide lifting all boats", not just the wealthiest yachts.
Yeah. Congress "didn't fall for that" and cut funding for over 600,000 federal jobs as well as put in place the planned destruction of the US Postal Service which will likely cause a loss of millions more. They've spent the past few years saying no to anything that remotely resembles true stimulus or job creation. Republican "economics" just seem to be a series of time bombs waiting to go off periodically.
Even though Pres Bush Jr, had two wars, without paying for them in taxes, and then having the economy to the near brink of total collapse, right wingers still credit his economic prowess. If the economy was so good during his tenure, they should have raised interest rates to match that, yet they didn't, kept the bubble going and hence the collapse.
Wow, lets give more money to the unemployeed to redistribute the wealth instead of trying to create more jobs. There are so many now that don't want to work because of how much they get on welfare and you want to increase it? Look here. http://www.youtube.com/watch?v=Z5tqH7UrzOw
i doubt the integrity of any report saying America's economy is getting better when we have no industrial base and people don't want to do hard labor. I would be interested to see how many of these new jobs are just low income part time field work taken up by illegal immigrants.
Obama economics seems to be nothing more than helping out his union buddies. 1. I agreed with the auto bailout, but union members didn't have to take a cut in pay or benefits. 2. Twice he asked for over 50 billion in incentives that mostly went to keep union police, fire and teachers working. 3. He sued Boeing for building a plant in a right to work state, to force them to close the plant and move it to Seattle, even though it was a new plane and no union jobs would have been lost in Seattle.
How about Johnson fighting a war in Vietnam, cutting taxes 21% and then starting the multi trillion dollar War On Poverty, which we have more living in poverty than before it started.
Lets also not forget that Bush got the effects of the housing fiasco that Democrats pushed on the poor. The full effects of Free Trade and most of the effects of NAFTA with millions of jobs leaving the country.
Lets not also forget, when Bush entered office, the economy was already going into a down swing. I would imagine it was where NAFTA was starting to take effect of the Clinton administration.
Of course, it is predictable that the naysayers would jump on this thread. How sad a life it must be to always think negatively. Even through the Reagan years and the Bush years, I stayed optimistic that we could improve things. I have been fighting for Single Payer for 20 years and still remain optimistic. Dwelling on bad things paralyze you from doing anything to improve your life or anyone else's life.
Single payer? We have 47% of the nation not paying Federal taxes now. How much are you going to raise them on the other 53% to pay for it? Put any more on the tax payer, he'd be better of losing his job and going on welfare.
I don't know. How many trillion have we spent on the War on Poverty and have we done away with it? Are we even better off than we were?
Yes, let's correct for laissez-fare's laziness regarding full employment of resources in the market for labor where simply increasing the circulation of money in our Institution of money based markets can function in a manner analogous to a rising tide lifting all boats, not just the wealthiest yachts as is current practice in our republic.
Yes, by every indicator, we are better off now than before WWII when the US was a relative, third world nation.
So it was supply side economics that have kept us from a full recovery for the last 4 1/2 years? What supply side economics did Obama institute that did this? Or has it been his trickle up economics through his failed stimulus that has kept us for a full recovery? TRILLION dollar deficits, where has the recovery been? Only now as the deficits are falling and the cuts in government spending through the sequestration do we see some signs of life back in the economy, seems you have things backwards.
