Fact: If Barack Obama is reelected we are headed into a severe recession during 2013!

Your analysis and your conclusions fail to take into consideration the severe economic problems facing many nations in the European Union this year and next!

If these nations default on their sovereign debt, our investment banks who own a lot of this debt will fail, businesses will be unable to borrow money to cover their debts and pay their employees, they will lay off workers and we will enter a severe recession. It will be worse this time than the recession of 2008.

 

Excellent post, Professor Peabody.

Thanks for sharing!

 

You guys almost sound giddy at that prospect. Seems that doom and gloom prediction is getting further away from reality. Not sure what that has to do with Obama being re-elected though. You guys really are all over the map.

 

Not at all, PA.

It is a simple case of "fore-warned is fore-armed".

The future only belongs to those who prepare for it!

I'm sorry to break it to you, but if when you blithely say Obama will be re-elected, you are whistling past the graveyard!

 

Never said he was being re-elected. Just wondering what the hell it has to do with Europe.

 

This was an excelelent response, by the way!

 

More Republican nonsense. Gas prices have little to do with American policy. The prices are effected by speculation on wall st. The Keystone pipeline won't reduce gas prices, because the oil from that pipeline will go onto the global market, not the U.S. market.

We're actually producing more petroleum now than ever before. We've become an EXPORTER of petroleum for the first time in years, however the price of gas continues to rise because of increased demand on the GLOBAL market and the speculation that goes with it.

 

"More Republican nonsense. Gas prices have little to do with American policy. The prices are effected by speculation on wall st. The Keystone pipeline won't reduce gas prices, because the oil from that pipeline will go onto the global market, not the U.S. market.

We're actually producing more petroleum now than ever before. We've become an EXPORTER of petroleum for the first time in years, however the price of gas continues to rise because of increased demand on the GLOBAL market and the speculation that goes with it."
Well there is an increased global demand i would also like to point out that big oil is making more profit than ever and that would need to change significantly in order for them to drop prices significantly which i don't see happening. In other words if you know you can charge $3.65 a gallon and still sell the same amount as when you charge $2.00 a gallon what are you going to charge?

Obama's policy's do really hurt our economy long term, for example Obamacare is considered the most fiscally irresponsible idea ever sent through congress. Obama's job act would mostly create jobs for teachers and construction workers, jobs paid for by federal aid borrowed from the Chinese government who both Obama, the Democrats and their Republican Opposition talk a whole lot of (*)(*)(*)(*) about.
Obama raised our debt faster than Bush, but you must consider the fact that he was brought into a declining economy and 2 wars.
Obama want's to force kids through a faulty high school system that is not the same system used to develop the data he uses to sell his idea.
Obama supported the patriot act and also made it so Americans can be held indefinitely if under suspicion of being a terrorist(constituted by whatever they say) and if found innocent can not file a grievance with the federal government.
He outlawed light-bulbs.
Obama wasted a bunch of money on that stupid stimulus package to support Walmart and China's manufactured products.

But hey Romney changes his mind every time he hears something new and put forward the template for obama-care, couldn't get re-elected as governor of Mass and his company is suspect of being pretty sleezy

Gingrich is also on the sleezy side, wants tax breaks for "those with the money to invest capital" and stands on the wrong side of many issues like the patriot act and stimulus spending just like Romney and Obama.

Note all of these guys have a few great idea's to, but are severely overcompensating with the bad.

Then we have the outlier, ah the ever consistent, ever aging Ron Paul. He predicted us going broke, the war in Iraq and not finding weapons of mass destruction. He actually got a good amount of support and i would guess he will end up running on the libertarian nomination to split the vote for an Obama victory. He doesn't support the patriot act or wasting money we don't have. He doesn't want to violate anyone's rights. He actually is the only candidate to provide solutions to balance the budget and provide long term economic growth, and by long term i also would like to mention extremely slow, if Paul completely drops some of the programs he would like too it would take away money from many who have become dependent on it, it would force businesses to be responsible or fail, and people to learn from their mistakes. Short term our economy and school systems would suffer even more than they are now. Honestly the best candidate running in this election but there are certainly better alternative solutions that aren't brought up by any party and neither party would support them in congress because both the republican and democratic parties would never do anything that makes anyone else look good.

 

You are mistaken, Hanzou.

It is Obama's anti-business and anti-growth policies that are keeping gasoline prices high.

The price of gasoline will increase to $4.00 a gallon by the November election.

Mark my word!

 

I marked it last time.

5-1-11

Is "mark my word" supposed to mean anything different than: "I'm spouting BS"?

 

Is that a fact or an opinion?

 

How many times do you need to be told that Obama does not, and cannot, control international crude markets? He cannot, and does not, decide what the cost of petrol is.

 

Fortunately for the recovery he inherited was quite strong, had been for the previous two years, his tax increase merely slowed down that recovery from 9% revenue growth to 7% costing us tax revenues and leading to his admittance that he raised taxes too much.

GDP 2011 1.7%. And you propose raising taxes?

 

In 1993, conservatives predicted Clinton's tax increase would wreck the economy, destroy jobs, and increase the deficit.

Instead, after the Clinton tax increase, revenues exploded and a record deficit was turned into a rare surplus, 22 million job were created, incomes increased for all classes, and unemployment dropped from over 7% to 4%.

That leaves us with 2 glaring questions:

1. Could the conservatives have been more wrong about the tax increase?

2. Why on earth would any sane person believe them now?

 

You are indeed correct, Bluesguy.

We now know Obama, the great orator, often speaks out of both sides of his mouth!

Obama Admits His Tax Hikes Would Hurt The Economy

[ame="http://www.youtube.com/watch?v=_7fSZiZG91o&feature=relmfu"]Obama Admits His Tax Hikes Would Hurt The Economy - YouTube[/ame]

 

Ha-Ha!

Great response, FearandLoathing.

You get 5 stars for this one!

 

You are indeed correct, ptif219.

Obama on Being a One-Term President

[ame="http://www.youtube.com/watch?v=XBsaF1kfv2I&feature=related"]Obama on Being a One-Term President - YouTube[/ame]

 

The stock market doesn't seem to think so. It reached it's bottom on 003/09/2009 (Obama became President 01/20/2009) and is up quite a lot by now.

 

From now to 2013 is a long way.....

 

Yes we know, they were wrong, it only threw out an anchor on it and slowed it down cost us revenues.

They were exploding before he took office why do you keep denying that? His tax increase slowed it down from 9% to 7%.

That leaves us with 2 glaring questions:

Why would you want to increase the tax rates and do that again slow down the economy that is struggling just to keep alive under Obama policies.

What is more important maximizing revenues are taking all you can from rich people?

 

You are mistaken, Rollo1066.

The reason the stock market is improving is because investors are inching back into the market, and consequently, the market is participating in a "relief" rally.

The Republicans in the House and Senate now have Obama in a straightjacket. The investors have come back to the markets because they have concluded Obama's hands are tied, and he can do longer practice his mischief and do harm to our economy!

 

Somefact...you need a fact checker real bad.

Hoover and Bush brought on the worst depressions in the history of the USA.

It's still the Dems who come to the rescue and save the USA from certain economic failure.

Get with guy.

 

I would say fact as far as Obama is hurting the middle class

 

But his policies prevent any chance of it coming down

 

No democrat policies prevent and hinder a recovery